Filed: 11/14/2025ACC: 0001599217-25-000007
📋 What this filing means
CAPSTONE FINANCIAL ADVISORS, INC. filed this quarterly 13F‑HR report disclosing 184 equity positions with a total reported market value of $1.85B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
184
Positions
$1.85B
Total AUM (reported)
21.26M
Total Shares
Allocation by class
TOTAL STK MKT$310.12M16.8%
RUS 1000 ETF$239.18M13.0%
COM$208.02M11.3%
US CORE EQUITY 2$207.57M11.2%
STOXX GLOBR INF$135.50M7.3%
TOTAL BND MRKT$128.36M7.0%
VG TL INTL STK F$84.20M4.6%
Portfolio Concentration
Top 3$756.87M41.0%
4–10$604.13M32.7%
11–25$327.53M17.8%
Rest$156.59M8.5%
Top 3 weight
41.0%
Top 10 weight
73.8%
Voting Authority Distribution
Total shares with voting rights: 21.26M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
21.26M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole184
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings184
Rows:
VANGUARD INDEX FDS
SOLEShares945K
TypeSH
Market value$310.12M
16.81%
Sole
0.00
Shared
0.00
None
945K
ISHARES TR
SOLEShares654.42K
TypeSH
Market value$239.18M
12.96%
Sole
0.00
Shared
0.00
None
654.42K
DIMENSIONAL ETF TRUST
SOLEShares5.38M
TypeSH
Market value$207.57M
11.25%
Sole
0.00
Shared
0.00
None
5.38M
FLEXSHARES TR
SOLEShares2.15M
TypeSH
Market value$135.50M
7.34%
Sole
0.00
Shared
0.00
None
2.15M
VANGUARD BD INDEX FDS
SOLEShares1.73M
TypeSH
Market value$128.36M
6.96%
Sole
0.00
Shared
0.00
None
1.73M
VANGUARD STAR FDS
SOLEShares1.15M
TypeSH
Market value$84.20M
4.56%
Sole
0.00
Shared
0.00
None
1.15M
ISHARES TR
SOLEShares916.70K
TypeSH
Market value$75.70M
4.10%
Sole
0.00
Shared
0.00
None
916.70K
DIMENSIONAL ETF TRUST
SOLEShares2.09M
TypeSH
Market value$65.67M
3.56%
Sole
0.00
Shared
0.00
None
2.09M
MCDONALDS CORP
SOLEShares200.45K
TypeSH
Market value$60.92M
3.30%
Sole
0.00
Shared
0.00
None
200.45K
ISHARES TR
SOLEShares114.83K
TypeSH
Market value$53.79M
2.92%
Sole
0.00
Shared
0.00
None
114.83K
VANGUARD CHARLOTTE FDS
SOLEShares1.07M
TypeSH
Market value$52.87M
2.87%
Sole
0.00
Shared
0.00
None
1.07M
FLEXSHARES TR
SOLEShares184.19K
TypeSH
Market value$44.63M
2.42%
Sole
0.00
Shared
0.00
None
184.19K
FLEXSHARES TR
SOLEShares461K
TypeSH
Market value$40.91M
2.22%
Sole
0.00
Shared
0.00
None
461K
APPLE INC
SOLEShares150.36K
TypeSH
Market value$38.29M
2.08%
Sole
0.00
Shared
0.00
None
150.36K
ISHARES TR
SOLEShares213.65K
TypeSH
Market value$31.12M
1.69%
Sole
0.00
Shared
0.00
None
213.65K
ISHARES TR
SOLEShares844.36K
TypeSH
Market value$21.58M
1.17%
Sole
0.00
Shared
0.00
None
844.36K
JPMORGAN CHASE & CO.
SOLEShares55.63K
TypeSH
Market value$17.55M
0.95%
Sole
0.00
Shared
0.00
None
55.63K
NVIDIA CORPORATION
SOLEShares77.28K
TypeSH
Market value$14.42M
0.78%
Sole
0.00
Shared
0.00
None
77.28K
AMERICAN CENTY ETF TR
SOLEShares304.32K
TypeSH
Market value$13.54M
0.73%
Sole
0.00
Shared
0.00
None
304.32K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares15.34K
TypeSH
Market value$9.14M
0.50%
Sole
0.00
Shared
0.00
None
15.34K
ISHARES TR
SOLEShares90.90K
TypeSH
Market value$9.11M
0.49%
Sole
0.00
Shared
0.00
None
90.90K
AMAZON COM INC
SOLEShares40.02K
TypeSH
Market value$8.79M
0.48%
Sole
0.00
Shared
0.00
None
40.02K
VANGUARD SPECIALIZED FUNDS
SOLEShares40.51K
TypeSH
Market value$8.74M
0.47%
Sole
0.00
Shared
0.00
None
40.51K
ISHARES TR
SOLEShares35.52K
TypeSH
Market value$8.60M
0.47%
Sole
0.00
Shared
0.00
None
35.52K
VANGUARD MUN BD FDS
SOLEShares164.97K
TypeSH
Market value$8.26M
0.45%
Sole
0.00
Shared
0.00
None
164.97K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 945K | SH | $310.12M 16.81% | 0.00 | 0.00 | 945K |
ISHARES TRSOLE | RUS 1000 ETF | 654.42K | SH | $239.18M 12.96% | 0.00 | 0.00 | 654.42K |
DIMENSIONAL ETF TRUSTSOLE | US CORE EQUITY 2 | 5.38M | SH | $207.57M 11.25% | 0.00 | 0.00 | 5.38M |
FLEXSHARES TRSOLE | STOXX GLOBR INF | 2.15M | SH | $135.50M 7.34% | 0.00 | 0.00 | 2.15M |
VANGUARD BD INDEX FDSSOLE | TOTAL BND MRKT | 1.73M | SH | $128.36M 6.96% | 0.00 | 0.00 | 1.73M |
VANGUARD STAR FDSSOLE | VG TL INTL STK F | 1.15M | SH | $84.20M 4.56% | 0.00 | 0.00 | 1.15M |
ISHARES TRSOLE | CORE MSCI TOTAL | 916.70K | SH | $75.70M 4.10% | 0.00 | 0.00 | 916.70K |
DIMENSIONAL ETF TRUSTSOLE | WORLD EX US CORE | 2.09M | SH | $65.67M 3.56% | 0.00 | 0.00 | 2.09M |
MCDONALDS CORPSOLE | COM | 200.45K | SH | $60.92M 3.30% | 0.00 | 0.00 | 200.45K |
ISHARES TRSOLE | RUS 1000 GRW ETF | 114.83K | SH | $53.79M 2.92% | 0.00 | 0.00 | 114.83K |
VANGUARD CHARLOTTE FDSSOLE | TOTAL INT BD ETF | 1.07M | SH | $52.87M 2.87% | 0.00 | 0.00 | 1.07M |
FLEXSHARES TRSOLE | MORNSTAR USMKT | 184.19K | SH | $44.63M 2.42% | 0.00 | 0.00 | 184.19K |
FLEXSHARES TRSOLE | M STAR DEV MKT | 461K | SH | $40.91M 2.22% | 0.00 | 0.00 | 461K |
APPLE INCSOLE | COM | 150.36K | SH | $38.29M 2.08% | 0.00 | 0.00 | 150.36K |
ISHARES TRSOLE | CORE S&P TTL STK | 213.65K | SH | $31.12M 1.69% | 0.00 | 0.00 | 213.65K |
ISHARES TRSOLE | GLOBAL REIT ETF | 844.36K | SH | $21.58M 1.17% | 0.00 | 0.00 | 844.36K |
JPMORGAN CHASE & CO.SOLE | COM | 55.63K | SH | $17.55M 0.95% | 0.00 | 0.00 | 55.63K |
NVIDIA CORPORATIONSOLE | COM | 77.28K | SH | $14.42M 0.78% | 0.00 | 0.00 | 77.28K |
AMERICAN CENTY ETF TRSOLE | REAL ESTATE ETF | 304.32K | SH | $13.54M 0.73% | 0.00 | 0.00 | 304.32K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 15.34K | SH | $9.14M 0.50% | 0.00 | 0.00 | 15.34K |
ISHARES TRSOLE | CORE US AGGBD ET | 90.90K | SH | $9.11M 0.49% | 0.00 | 0.00 | 90.90K |
AMAZON COM INCSOLE | COM | 40.02K | SH | $8.79M 0.48% | 0.00 | 0.00 | 40.02K |
VANGUARD SPECIALIZED FUNDSSOLE | DIV APP ETF | 40.51K | SH | $8.74M 0.47% | 0.00 | 0.00 | 40.51K |
ISHARES TRSOLE | RUSSELL 2000 ETF | 35.52K | SH | $8.60M 0.47% | 0.00 | 0.00 | 35.52K |
VANGUARD MUN BD FDSSOLE | TAX EXEMPT BD | 164.97K | SH | $8.26M 0.45% | 0.00 | 0.00 | 164.97K |
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