Capstone Financial Advisors, Inc.

13F filer, CIK 1599217, DOWNERS GROVE, IL

Capstone Financial Advisors, Inc. reported $1,593,588,620 across 158 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-09. Its ten largest share positions make up 75.88% of the portfolio.

Filed 2025-05-09 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001599217-25-000003

Period: 2025-03-31
Reported value: $1.59B
Holdings: 158
Top 10 weight: 75.88%
New: 10
Sold out: 9

Largest buys vs the previous quarter

Security	Shares change	Approx. value
BRK-Anew	+8	$6.39M
NFRAadded	+52,814	$3.04M
VTIadded	+10,101	$2.78M
BNDadded	+27,223	$2M
BNDXadded	+18,417	$899K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
IWBreduced	-14,483	-$4.44M
AVREreduced	-62,386	-$2.68M
GWWreduced	-2,621	-$2.59M
AAPLreduced	-6,329	-$1.41M
ROCKET LAB USA INCexited	-53,213	-$1.36M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001599217-25-000003, largest first. % of portfolio is the value over $1,593,588,620, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
VTIVANGUARD INDEX FDS	960,904	$264M	16.57%	+10,101	Timeline
IWBISHARES TR	666,279	$204M	12.82%	-14,483	Timeline
DFACDIMENSIONAL ETF TRUST	5,567,604	$184M	11.53%	+16,034	Timeline
BNDVANGUARD BD INDEX FDS	1,686,655	$124M	7.77%	+27,223	Timeline
NFRAFLEXSHARES TR	2,109,611	$122M	7.63%	+52,814	Timeline
VXUSVANGUARD STAR FDS	1,196,493	$74.3M	4.66%	+4,420	Timeline
MCDMCDONALDS CORP	215,790	$67.4M	4.23%	-824	Timeline
IXUSISHARES TR	884,262	$61.7M	3.87%	-16,860	Timeline
DFAXDIMENSIONAL ETF TRUST	2,168,282	$56.8M	3.56%	-49,544	Timeline
BNDXVANGUARD CHARLOTTE FDS	1,052,090	$51.4M	3.22%	+18,417	Timeline
IWFISHARES TR	115,020	$41.5M	2.61%	-217	Timeline
TLTDFLEXSHARES TR	464,908	$34.8M	2.18%	-2,101	Timeline
AAPLAPPLE INC	149,258	$33.2M	2.08%	-6,329	Timeline
TILTFLEXSHARES TR	151,444	$31.2M	1.96%	-1,615	Timeline
REETISHARES TR	837,944	$20.3M	1.28%	+389	Timeline
ITOTISHARES TR	161,841	$19.7M	1.24%	-1,479	Timeline
JPMJPMORGAN CHASE & CO	54,976	$13.5M	0.85%	+19	Timeline
AVREAMERICAN CENTY ETF TR	280,245	$12.1M	0.76%	-62,386	Timeline
AGGISHARES TR	95,828	$9.48M	0.59%	+546	Timeline
MDYSTATE STR SPDR S&P MIDCAP 40	15,663	$8.36M	0.52%	-71	Timeline
VIGVANGUARD SPECIALIZED FUNDS	42,387	$8.22M	0.52%	-654	Timeline
IAGGISHARES TR	130,722	$6.53M	0.41%	-9,140	Timeline
AMZNAMAZON COM INC	33,896	$6.45M	0.4%	-2,159	Timeline
BRK-ABERKSHIRE HATHAWAY INC DEL	8	$6.39M	0.4%	new	Timeline
IGFISHARES TR	110,840	$6.06M	0.38%	-13,148	Timeline
IWMISHARES TR	27,641	$5.51M	0.35%	-298	Timeline
VTWOVANGUARD SCOTTSDALE FDS	66,019	$5.32M	0.33%	+310	Timeline
MSFTMICROSOFT CORP	14,118	$5.3M	0.33%	+295	Timeline
CMECME GROUP INC	19,824	$5.26M	0.33%	-334	Timeline
VONEVANGUARD SCOTTSDALE FDS	20,292	$5.15M	0.32%	-120	Timeline
NVDANVIDIA CORPORATION	46,916	$5.08M	0.32%	-10,662	Timeline
VTEBVANGUARD MUN BD FDS	90,066	$4.47M	0.28%	-9,719	Timeline
COSTCOSTCO WHOLESALE CORPORATION	3,840	$3.63M	0.23%	-173	Timeline
GWWWW GRAINGER INC	3,537	$3.49M	0.22%	-2,621	Timeline
RWOSPDR INDEX SHS FDS	66,449	$2.9M	0.18%	+14	Timeline
WMTWALMART INC	32,553	$2.86M	0.18%	-6,102	Timeline
QCOMQUALCOMM INC	17,070	$2.62M	0.16%	-28	Timeline
MSTRSTRATEGY INC	8,073	$2.33M	0.15%	+1,357	Timeline
TYTRI CONTL CORP	75,513	$2.32M	0.15%	0	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	4,014	$2.25M	0.14%	-27	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	4,017	$2.14M	0.13%	-22	Timeline
MUBISHARES TR	19,354	$2.04M	0.13%	-57	Timeline
ACNACCENTURE PLC IRELAND	5,640	$1.76M	0.11%	+379	Timeline
XOMEXXON MOBIL CORP	13,640	$1.62M	0.1%	+803	Timeline
METAMETA PLATFORMS INC	2,742	$1.58M	0.1%	-198	Timeline
UNILEVER PLCUNILEVER PLC	26,084	$1.55M	0.1%	+202
JNJJOHNSON & JOHNSON	8,874	$1.47M	0.09%	-253	Timeline
ETNEATON CORP PLC	5,404	$1.47M	0.09%	0	Timeline
CBOECBOE GLOBAL MKTS INC	6,376	$1.44M	0.09%	-6	Timeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	126,176	$1.41M	0.09%	-9,850
CITHE CIGNA GROUP	4,182	$1.38M	0.09%	0	Timeline
DRIDARDEN RESTAURANTS INC	6,622	$1.38M	0.09%	+2	Timeline
DJTTRUMP MEDIA & TECHNOLOGY GRO	67,600	$1.32M	0.08%	+20,000	Timeline
GISGENERAL MILLS INC	21,478	$1.28M	0.08%	0	Timeline
DFAUDIMENSIONAL ETF TRUST	32,776	$1.26M	0.08%	+2	Timeline
IBMINTERNATIONAL BUSINESS MACHS	5,034	$1.25M	0.08%	-27	Timeline
KOCOCA COLA CO	16,919	$1.21M	0.08%	-297	Timeline
VOOVANGUARD INDEX FDS	2,305	$1.18M	0.07%	+378	Timeline
BMYBRISTOL-MYERS SQUIBB CO	17,747	$1.08M	0.07%	-102	Timeline
ALKALASKA AIR GROUP INC	19,540	$962K	0.06%	+6,316	Timeline
CATCATERPILLAR INC	2,860	$943K	0.06%	+4	Timeline
FITBFIFTH THIRD BANCORP	21,924	$859K	0.05%	+1	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	4,975	$858K	0.05%	+14	Timeline
MRKMERCK & CO INC	9,410	$845K	0.05%	-658	Timeline
ADXADAMS DIVERSIFIED EQUITY FD	41,116	$781K	0.05%	+474	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	15,396	$773K	0.05%	-46	Timeline
INTCINTEL CORP	32,850	$746K	0.05%	+250	Timeline
TSLATESLA INC	2,863	$742K	0.05%	-373	Timeline
IWVISHARES TR	2,335	$742K	0.05%	+7	Timeline
LUMNLUMEN TECHNOLOGIES INC	185,686	$728K	0.05%	0	Timeline
IVVISHARES TR	1,276	$717K	0.04%	+22	Timeline
ABBVABBVIE INC	3,415	$716K	0.04%	-360	Timeline
PGPROCTER & GAMBLE CO	4,135	$705K	0.04%	+360	Timeline
QQQINVESCO QQQ TR	1,476	$692K	0.04%	-178	Timeline
GOOGLALPHABET INC	4,417	$683K	0.04%	-1,862	Timeline
LWLAMB WESTON HLDGS INC	12,388	$660K	0.04%	0	Timeline
PLTRPALANTIR TECHNOLOGIES INC	7,474	$631K	0.04%	-8,020	Timeline
JEPIJ P MORGAN EXCHANGE TRADED F	10,429	$596K	0.04%	-449	Timeline
DFAIDIMENSIONAL ETF TRUST	18,791	$587K	0.04%	-3,563	Timeline
ICSHISHARES TR	11,503	$583K	0.04%	+84	Timeline
DFICDIMENSIONAL ETF TRUST	20,750	$576K	0.04%	0	Timeline
PEPPEPSICO INC	3,767	$565K	0.04%	-18	Timeline
ESGVVANGUARD WORLD FD	5,755	$564K	0.04%	-1,596	Timeline
CRWDCROWDSTRIKE HLDGS INC	1,597	$563K	0.04%	-36	Timeline
AGGYWISDOMTREE TR	12,955	$563K	0.04%	+147	Timeline
NFLXNETFLIX INC.	586	$546K	0.03%	0	Timeline
CVXCHEVRON CORPORATION	3,173	$531K	0.03%	-228	Timeline
SCHBSCHWAB STRATEGIC TR	24,181	$521K	0.03%	+152	Timeline
AMGNAMGEN INC	1,668	$520K	0.03%	+3	Timeline
ALLALLSTATE CORP	2,418	$501K	0.03%	+847	Timeline
ABTABBOTT LABORATORIES	3,753	$498K	0.03%	-81	Timeline
EZBCFRANKLIN TEMPLETON DIGITAL H	10,000	$478K	0.03%	0	Timeline
CLCOLGATE PALMOLIVE CO	5,083	$476K	0.03%	0	Timeline
MAMASTERCARD INCORPORATED	816	$447K	0.03%	+1	Timeline
HDHOME DEPOT INC	1,209	$443K	0.03%	+22	Timeline
VEAVANGUARD TAX-MANAGED FDS	8,331	$423K	0.03%	+432	Timeline
BYBYLINE BANCORP INC	15,871	$415K	0.03%	0	Timeline
VZVERIZON COMMUNICATIONS INC	9,100	$413K	0.03%	+352	Timeline
GEGE AEROSPACE	2,004	$401K	0.03%	+146	Timeline
KMXCARMAX INC	5,000	$390K	0.02%	0	Timeline
ESTCELASTIC N V	4,310	$384K	0.02%	0	Timeline
VTVVANGUARD INDEX FDS	2,184	$377K	0.02%	+115	Timeline
TAT&T INC	13,229	$374K	0.02%	+13	Timeline
UNHUNITEDHEALTH GROUP INC	697	$365K	0.02%	+20	Timeline
GOOGALPHABET INC	2,322	$363K	0.02%	+155	Timeline
GDDYGODADDY INC	2,000	$360K	0.02%	0	Timeline
SCHXSCHWAB STRATEGIC TR	16,094	$355K	0.02%	+216	Timeline
FICOFAIR ISAAC CORP	187	$345K	0.02%	0	Timeline
VGTVANGUARD WORLD FD	599	$325K	0.02%	0	Timeline
VEUVANGUARD INTL EQUITY INDEX F	5,315	$322K	0.02%	+2	Timeline
AVGOBROADCOM INC	1,822	$305K	0.02%	-1,215	Timeline
DISDISNEY WALT CO	3,080	$304K	0.02%	-486	Timeline
IJRISHARES TR	2,845	$298K	0.02%	+7	Timeline
WTFCWINTRUST FINL CORP	2,639	$297K	0.02%	new	Timeline
JMSTJ P MORGAN EXCHANGE TRADED F	5,573	$283K	0.02%	-1,077	Timeline
PTLOPORTILLOS INC	23,725	$282K	0.02%	-2,000	Timeline
MPCMARATHON PETE CORP	1,900	$277K	0.02%	-4	Timeline
FFORD MTR CO	27,388	$275K	0.02%	-585	Timeline
LLYELI LILLY & CO	332	$274K	0.02%	-82	Timeline
BABOEING CO	1,544	$263K	0.02%	-700	Timeline
ADMARCHER DANIELS MIDLAND CO	5,473	$263K	0.02%	-104	Timeline
LRCXLAM RESEARCH CORP	3,477	$253K	0.02%	0	Timeline
PFEPFIZER INC	9,945	$252K	0.02%	+860	Timeline
GDXVANECK ETF TRUST	5,335	$245K	0.02%	new	Timeline
LMTLOCKHEED MARTIN CORP	539	$241K	0.02%	+8	Timeline
CSCOCISCO SYS INC	3,882	$240K	0.02%	+6	Timeline
BNDWVANGUARD SCOTTSDALE FDS	3,451	$237K	0.01%	+17	Timeline
COFSCHOICEONE FINANCIA	8,100	$233K	0.01%	new	Timeline
WFCWELLS FARGO & CO	3,227	$232K	0.01%	0	Timeline
VVISA INC	654	$229K	0.01%	-218	Timeline
CECELANESE CORP DEL	4,000	$227K	0.01%	new	Timeline
CSXCSX CORP	7,614	$224K	0.01%	0	Timeline
HONHONEYWELL INTL INC	1,039	$220K	0.01%	+4	Timeline
GSGISHARES S&P GSCI COMMODITY-	9,600	$219K	0.01%	0	Timeline
PANWPALO ALTO NETWORKS INC	1,281	$219K	0.01%	-101	Timeline
GLDSPDR GOLD TR	746	$215K	0.01%	new	Timeline
RYAAYRYANAIR HOLDINGS PLC	5,000	$212K	0.01%	0	Timeline
XLPSELECT SECTOR SPDR TR	2,552	$208K	0.01%	-46	Timeline
XLISELECT SECTOR SPDR TR	1,576	$207K	0.01%	new	Timeline
IJHISHARES TR	3,495	$204K	0.01%	+9	Timeline
LYFTLYFT INC	11,938	$142K	0.01%	-177	Timeline
HTZHERTZ GLOBAL HLDGS INC	30,000	$118K	0.01%	0	Timeline
ABEVAMBEV SA	50,000	$116K	0.01%	+25,000	Timeline
VINPVINCI COMPASS INVESTMENTS LT	10,000	$101K	0.01%	0	Timeline
TVGRUPO TELEVISA S A B	50,000	$87.5K	0.01%	-10,000	Timeline
CALYCALLAWAY GOLF CO	10,065	$66.3K	<0.01%	new	Timeline
STKSTHE ONE GROUP HOSPITALITY IN	20,000	$59.8K	<0.01%	0	Timeline
LDILOANDEPOT INC	40,000	$47.6K	<0.01%	+15,000	Timeline
ZVIAZEVIA PBC	20,000	$43.2K	<0.01%	-30,000	Timeline
EBEVENTBRITE INC-CLASS A	15,000	$31.6K	<0.01%	0	Timeline
AMCAMC ENTMT HLDGS INC	10,002	$28.7K	<0.01%	0	Timeline
GGBGERDAU SA	10,000	$28.4K	<0.01%	0	Timeline
NOODLES & CONOODLES & CO	25,000	$27.2K	<0.01%	0
LNKSLINKERS INDS LTD	30,000	$14.1K	<0.01%	+10,000	Timeline
ORIENTAL RISE HLDGS LTDORIENTAL RISE HLDGS LTD	10,000	$12.4K	<0.01%	0
GULF RES INCGULF RES INC	10,000	$7.04K	<0.01%	-10,000

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value	Change
MSTRSTRATEGY INC Stock	principal	9,000	$2.59M	new
MCDMCDONALDS CORP COM	principal	1,200	$375K	new

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
ROCKET LAB USA INCROCKET LAB USA INC	53,213	$1.36M	shares
MSTRSTRATEGY INC	3,000	$869K	call
IBITISHARES BITCOIN TRUST ETF	6,592	$350K	shares
MCDMCDONALDS CORP	1,200	$348K	put
ARWARROW ELECTRS INC	2,405	$272K	shares
BACBANK OF AMER CORP	5,487	$241K	shares
LOWLOWES COS INC	969	$239K	shares
VUGVANGUARD INDEX FDS	532	$218K	shares
TMCTMC THE METALS COMPANY INC	10,000	$11.2K	shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001599217-25-000003	base		2025-05-09	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC