1y return+6.0%S&P 500 +20.9%
3y return+58.7%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2022: $181 against $195 in the S&P 500.2
Kapstone Financial Advisors LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVVIshares Tr | $45.9M | 19.2% | +3.1% |
| AAPLApple Inc | $17.9M | 7.5% | −1.9% |
| HDVIshares Tr | $13.7M | 5.7% | |
| IVWIshares Tr | $7.4M | 3.1% | +15.4% |
| QQQInvesco Qqq Tr | $5.5M | 2.3% | +4.2% |
| GOOGLAlphabet Inc | $5.3M | 2.2% | −1.3% |
| PGProcter & Gamble Co | $5.0M | 2.1% | +5.5% |
| PLTRPalantir Technologies Inc | $5.0M | 2.1% | +4.7% |
| VYMVanguard Whitehall Fds | $4.6M | 1.9% | −1.1% |
| METAMeta Platforms Inc | $4.6M | 1.9% | −4.3% |
| MSFTMicrosoft Corp | $4.5M | 1.9% | +6.8% |
| NVDANvidia Corporation | $4.1M | 1.7% | |
| ABBVAbbvie Inc | $3.8M | 1.6% | +12.1% |
| IWFIshares Tr | $3.6M | 1.5% | |
| GOOGAlphabet Inc | $3.3M | 1.4% | |
| DVYIshares Tr | $3.3M | 1.4% | |
| JPMJpmorgan Chase & Co | $3.1M | 1.3% | +3.4% |
| BRK/BBerkshire Hathaway Inc Del | $3.0M | 1.3% | −2.8% |
| IBITIshares Bitcoin Trust Etf | $2.6M | 1.1% | +28.6% |
| MUMicron Technology Inc | $2.5M | 1.1% | −16.4% |
| FENIFidelity Covington Trust | $2.2M | 0.9% | +21.7% |
| AMZNAmazon Com Inc | $2.2M | 0.9% | |
| JNJJohnson & Johnson | $2.1M | 0.9% | +11.8% |
| Exxon Mobil CorpCUSIP 30231G102 | $2.1M | 0.9% | +19.8% |
| CSCOCisco Sys Inc | $2.1M | 0.9% | +5.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| PLTRPalantir Technologies Inc | December 31, 2022 | +1717.3% | $5.0M |
| NVDANvidia Corporation | December 31, 2022 | +1269.2% | $4.1M |
| METAMeta Platforms Inc | December 31, 2022 | +368.1% | $4.6M |
| GOOGLAlphabet Inc | December 31, 2022 | +305.0% | $5.3M |
| GOOGAlphabet Inc | December 31, 2022 | +298.2% | $3.3M |
| CAHCardinal Health Inc | December 31, 2022 | +209.0% | $1.4M |
| MSTRStrategy Inc | March 31, 2023 | +197.4% | $1.4M |
| AMZNAmazon Com Inc | December 31, 2022 | +183.7% | $2.2M |
| QQQInvesco Qqq Tr | December 31, 2022 | +176.6% | $5.5M |
| RSPTInvesco Exchange Traded Fd T | December 31, 2022 | +165.5% | $1.5M |
Sold off last quarter
- COPConocophillips was $238K
- GILDGilead Sciences Inc was $217K
- SHELShell PLC was $202K
- HQLAbrdn Life Sciences Investor was $183K
- CAGConagra Brands Inc was $160K
- USALiberty All Star Equity Fd was $73K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.4% | +14.8% |
| March 31, 2026 | −3.7% | −4.6% |
| December 31, 2025 | −4.1% | +2.4% |
| September 30, 2025 | +5.0% | +7.8% |
| June 30, 2025 | +10.5% | +10.5% |
| March 31, 2025 | −2.5% | −4.6% |
| December 31, 2024 | +7.1% | +2.1% |
| September 30, 2024 | +7.5% | +5.4% |
| June 30, 2024 | +1.8% | +4.0% |
| March 31, 2024 | +12.9% | +10.0% |
| December 31, 2023 | +9.6% | +11.2% |
| September 30, 2023 | −4.2% | −3.6% |
| June 30, 2023 | +6.6% | +8.3% |
| March 31, 2023 | +7.0% | +7.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Kapstone Financial Advisors LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1966087&type=13F-HR&dateb=&owner=include&count=40CIK 1966087
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1966087/000195175726001162/Filed August 7, 2026 · accession 0001951757-26-001162