Kapstone Financial Advisors LLC
Long book
$204.1M
Q1 2026
Positions
154
Top-10 weight
50%
concentration
Last quarter
+12.0%
SPY +14.8%
Turnover
26%
of book per quarter
Strategy in plain words
auto-generated from filingsKapstone Financial Advisors LLC is an institutional manager, running a $204.1M US long book across 154 positions.
The portfolio is moderately concentrated (top 10 ≈ 50% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, APPLE INC, ISHARES CORE HIGH DIVIDEND E, PALANTIR TECHNOLOGIES INC-A, ISHARES S&P 500 GROWTH ETF.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.2%
Q2 2024
+7.9%
Q3 2024
+7.7%
Q4 2024
-2.1%
Q1 2025
+10.9%
Q2 2025
+5.4%
Q3 2025
-3.8%
Q4 2025
-3.4%
Q1 2026
+12.0%
Sector allocation
Technology 46%
Financials 13%
Healthcare 7%
Industrials 6%
Consumer discretionary 6%
Energy 6%
Other 5%
Services media 3%
Long book by quarter
What does Kapstone Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 63.2K | $16.0M | 7.9% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 40.7K | $6.0M | 2.9% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 8.5K | $4.9M | 2.4% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 32.2K | $4.6M | 2.3% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 15.0K | $4.3M | 2.1% | Held |
| MSFT MICROSOFT CORP | Technology | 11.3K | $4.2M | 2.0% | Held |
| NVDA NVIDIA CORP | Technology | 20.3K | $3.5M | 1.7% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 6.3K | $3.0M | 1.5% | Held |
| ABBV ABBVIE INC | Healthcare | 13.6K | $3.0M | 1.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 9.2K | $2.7M | 1.3% | Held |
| GOOG ALPHABET INC-CL C | Technology | 9.3K | $2.7M | 1.3% | Held |
| XOM EXXON MOBIL CORP | Energy | 12.8K | $2.2M | 1.1% | Held |
| MSTR STRATEGY INC | Financials | 16.5K | $2.1M | 1.0% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 9.1K | $1.9M | 0.9% | Held |
| CVX CHEVRON CORP | Energy | 8.9K | $1.8M | 0.9% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 7.5K | $1.8M | 0.9% | Held |
| LCNB LCNB CORPORATION | Financials | 86.1K | $1.3M | 0.7% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 16.8K | $1.3M | 0.6% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 7.8K | $1.3M | 0.6% | Held |
| MPC MARATHON PETROLEUM CORP | Energy | 5.2K | $1.3M | 0.6% | Held |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 5.6K | $1.2M | 0.6% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.1K | $1.1M | 0.5% | Held |
| MRK MERCK & CO. INC. | Healthcare | 9.0K | $1.1M | 0.5% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 14.7K | $1.1M | 0.5% | Held |
| ADI ANALOG DEVICES INC | Technology | 3.2K | $1.0M | 0.5% | Held |
| MO ALTRIA GROUP INC | Consumer staples | 15.2K | $1.0M | 0.5% | Held |
| DUK DUKE ENERGY CORP | Utilities | 7.4K | $963K | 0.5% | Held |
| V VISA INC-CLASS A SHARES | Services media | 3.2K | $953K | 0.5% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 2.6K | $888K | 0.4% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.3K | $771K | 0.4% | Held |
| CSX CSX CORP | Industrials | 18.7K | $768K | 0.4% | Held |
| MLM MARTIN MARIETTA MATERIALS | Materials | 1.3K | $741K | 0.4% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.4% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 8.9K | $674K | 0.3% | Held |
| CMI CUMMINS INC | Industrials | 1.2K | $657K | 0.3% | Held |
| VMC VULCAN MATERIALS CO | Materials | 2.4K | $654K | 0.3% | Held |
| PAYX PAYCHEX INC | Services media | 6.8K | $631K | 0.3% | Held |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 40.1K | $628K | 0.3% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 1.8K | $604K | 0.3% | Held |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 1.2K | $575K | 0.3% | Held |
| AXON AXON ENTERPRISE INC | Industrials | 1.3K | $572K | 0.3% | Held |
| SO SOUTHERN CO/THE | Utilities | 5.6K | $541K | 0.3% | Held |
| BAC BANK OF AMERICA CORP | Financials | 10.7K | $523K | 0.3% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 2.3K | $486K | 0.2% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 1.6K | $473K | 0.2% | Held |
| CAT CATERPILLAR INC | Industrials | 607 | $430K | 0.2% | Held |
| CINF CINCINNATI FINANCIAL CORP | Financials | 2.5K | $399K | 0.2% | Held |
| FDX FEDEX CORP | Industrials | 1.1K | $391K | 0.2% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 6.4K | $387K | 0.2% | Held |
| DHI DR HORTON INC | Industrials | 2.6K | $362K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 154 | $204.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 133 | $201.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 122 | $212.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 120 | $200.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 11, 2025 | 112 | $176.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 114 | $187.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 108 | $165.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 108 | $152.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 102 | $146.9M | canonical | SEC ↗ |
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