Kapstone Financial Advisors LLC

Q3 2025 13F-HR Holdings

Location
Lebanon, OH
Holdings as of
9/30/2025
Date filed
11/7/2025
Form type
13F-HR
Num holdings
122
Total value ($000)
$212,289
Net value change ($000)
+11,754 (5.9%)
New positions
6
Sold out positions
4
Turnover %
1.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/11/2025 Next filing: 2/5/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IVV 4,927 14.9%
AAPL 3,581 20.0%
PLTR 1,986 37.0%
GOOGL 999 34.8%
IVW 890 20.0%
QQQ 884 26.8%
PM 812 55.7%
HDV 646 5.5%
GOOGL 583 33.5%
ABBV 580 22.3%
Top Reduces (Value $000, Stocks/ETFs)
MSTR -5,291 -18.6%
META -675 -9.8%
CRM -657 -100.0%
FITB -350 -56.5%
PG -231 -4.6%
GILD -210 -100.0%
EPD -205 -100.0%
ABFL -200 -100.0%
FTGS -172 -10.3%
ELV -161 -30.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type