Kapstone Financial Advisors LLC

Q4 2025 13F-HR Holdings

Location
Lebanon, OH
Holdings as of
12/31/2025
Date filed
2/5/2026
Form type
13F-HR
Num holdings
133
Total value ($000)
$201,153
Net value change ($000)
-11,136 (-5.2%)
New positions
17
Sold out positions
6
Turnover %
4.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/7/2025 Next filing: 4/22/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
IBIT 2,034 NEW
IVV 1,811 4.8%
AAPL 1,157 5.4%
GOOGL 1,126 29.1%
FBTC 872 NEW
GOOGL 664 28.6%
GLD 453 NEW
UBER 385 48.2%
CAH 312 36.8%
MU 310 70.5%
Top Reduces (Value $000, Stocks/ETFs)
MSTR -20,628 -88.9%
META -586 -9.5%
TIDAL TR II -433 -100.0%
PG -408 -8.5%
PLTR -363 -4.9%
NBIS -312 -100.0%
HDV -263 -2.1%
KMB -258 -100.0%
ARM -247 -100.0%
MSFT -227 -4.2%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type