Kapstone Financial Advisors LLC

RIA/Wealth

Kapstone Financial Advisors LLC is a RIA/Wealth based in Lebanon, OH led by David Charles Kronour, reporting $271.5M in AUM as of Q3 2025 with 40% ETF concentration, 61% concentrated in top 10 holdings, and 18% allocation to IVV.

Managing PartnerDavid Charles Kronour

Portfolio Value: $212.3M
Positions: 122
Top Holding: IVV at 17.9%
Last Reported: Q3 2025

Address212 N. Broadway Street, Lebanon, OH, 45036, United States

Top Holdings

Largest long holdings in Kapstone Financial Advisors LLC's portfolio (60.5% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$38.0M	17.90%	+$2.3M Bought	— 56.8K shares	Q4 2022 Held for 2y 11m
2 MicroStrategy MSTR	Software - Application Technology	$23.2M	10.93%	+$490.1K Bought	0.03% 72.0K shares	Q1 2023 Held for 2y 8m
3 Apple AAPL	Consumer Electronics Technology	$21.5M	10.14%	-$744.3K Sold	0.00% 84.5K shares	Q4 2022 Held for 2y 11m
4 iShares Core High Dividend HDV	ETF ETF	$12.3M	5.81%	+$119.9K Bought	— 100.7K shares	Q4 2022 Held for 2y 11m
5 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$7.3M	3.46%	+$172.8K Bought	0.00% 40.3K shares	Q4 2022 Held for 2y 11m
6 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$6.2M	2.91%	-$640.4K Sold	0.00% 8.4K shares	Q4 2022 Held for 2y 11m
7 Microsoft MSFT	Software - Infrastructure Technology	$5.4M	2.56%	+$18.6K Bought	0.00% 10.5K shares	Q4 2022 Held for 2y 11m
8 iShares S&P 500 Growth ETF IVW	ETF ETF	$5.3M	2.52%	+$460.3K Bought	— 44.3K shares	Q4 2022 Held for 2y 11m
9 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$4.8M	2.26%	-$53.2K Sold	0.00% 31.2K shares	Q4 2022 Held for 2y 11m
10 Vanguard High Dividend Yield VYM	ETF ETF	$4.3M	2.02%	-$139.1K Sold	— 30.4K shares	Q4 2022 Held for 2y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Kapstone Financial Advisors LLC's latest filing

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Market Value

$212.3M

Prior: $200.5M

Q/Q Change

+5.86%

+$11.8M

Net Flows % of MV

+0.661%

Turnover Ratio

3.26%

New Purchases

5 stocks

$1.1M

Added To

31 stocks

+$6.4M

Sold Out Of

4 stocks

$1.3M

Reduced Holdings

51 stocks

-$4.8M

Increased Positions

Position	Shares Δ	Change
1 Nebius Group N.V. NBIS	New	0 → 2.8K +$311.8K
2 SPDR S&P MidCap 400 ETF MDY	New	0 → 352.0 +$209.8K
3 SPDR Portfolio S&P 500 ETF SPLG	New	0 → 2.6K +$204.5K
4 S&P Global SPGI	New	0 → 416.0 +$202.5K
5 iShares MSCI USA Momentum Factor MTUM	New	0 → 785.0 +$201.3K

Decreased Positions

Position	Shares Δ	Change
1 Salesforce CRM	Sold	2.4K → 0 −$656.6K
2 Gilead Sciences GILD	Sold	1.9K → 0 −$209.7K
3 Enterprise Products Partners EPD	Sold	6.6K → 0 −$205.4K
4 FCF US Quality TTAC	Sold	2.8K → 0 −$200.3K
5 Fifth Third Bank FITB	-59.73%	15.1K → 6.1K −$400.9K