Kapstone Financial Advisors LLC
SEC Form 13F institutional filer · CIK 0001966087
13F-HR · 89 reported holdings · 2026-03-31
Reported long-US-equity value
$0.17B
Top-10 concentration
62.7%
Kapstone Financial Advisors LLC — $172M AUM allocation strategy
Kapstone Financial Advisors LLC files SEC Form 13F and reports $172M of long US equity value across 89 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 17.3%, followed by Communication Services 6.9% and Financials 6.6%.
The top 10 holdings account for 63% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Kapstone Financial Advisors LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$172M
total across 89 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
63% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$BLK +21.1K sh · −$132K+$IVZ +9.73K sh · +$668K+$CVX +5.24K sh · +$1.28M
Biggest trims (shares)
−$F −27.1K sh · −$392K−$AAPL −20.2K sh · −$6.64M−$PM −6.05K sh · −$932K
Exited to nil (held last quarter, gone now)
$ELV ($313K last qtr)$ORCL ($249K last qtr)$AVGO ($220K last qtr)$SPYM ($209K last qtr)$GM ($203K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Technology Hardware, Storage & Peripherals9.3%—
- Interactive Media & Services6.9%—
- Application Software3.4%—
- Asset Management & Custody Banks3.3%—
- Personal Care Products2.7%—
- Systems Software2.4%—
- Integrated Oil & Gas2.3%—
- Semiconductors2.0%—
- Other holdings67.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
8 of 8 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 63.2K | $16M | -20.2K | 9.3% |
| $PLTR | Palantir Technologies Inc | 40.7K | $5.95M | +1.39K | 3.5% |
| $BLK | BlackRock Inc | 97.3K | $5.75M | +21.1K | 3.3% |
| $META | Meta Platforms Inc | 8.48K | $4.85M | +0 | 2.8% |
| $PG | Procter & Gamble Company | 32.2K | $4.65M | +1.59K | 2.7% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 15K | $4.32M | -955 | 2.5% |
| $MSFT | Microsoft Corporation | 11.3K | $4.18M | +544 | 2.4% |
| $NVDA | NVIDIA Corporation | 20.3K | $3.54M | +630 | 2.1% |
…and 81 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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