Kapstone Advisors 13F annual report

Kapstone Advisors is an investment fund managing more than $151 billion ran by David Kronour. There are currently 95 companies in Mr. Kronour’s portfolio. The largest investments include Ishares Tr and Apple Inc, together worth $63.2 billion.

Limited to 30 biggest holdings

$151 billion Assets Under Management (AUM)

As of 26th July 2024, Kapstone Advisors’s top holding is 234,083 shares of Ishares Tr currently worth over $44 billion and making up 29.2% of the portfolio value. In addition, the fund holds 91,338 shares of Apple Inc worth $19.2 billion, whose value grew 17.5% in the past six months. The third-largest holding is Microstrategy worth $9.82 billion and the next is Procter And Gamble Co worth $5.5 billion, with 33,358 shares owned.

Currently, Kapstone Advisors's portfolio is worth at least $151 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Kapstone Advisors

The Kapstone Advisors office and employees reside in Dayton, Ohio. According to the last 13-F report filed with the SEC, David Kronour serves as the Chief Compliance Officer at Kapstone Advisors.

Recent trades

In the most recent 13F filing, Kapstone Advisors revealed that it had opened a new position in Goldman Sachs and bought 3,036 shares worth $1.37 billion. This means they effectively own approximately 0.1% of the company. Goldman Sachs makes up 18.0% of the fund's Finance sector allocation and has grown its share price by 42.4% in the past year.

The investment fund also strengthened its position in Ishares Tr by buying 3,908 additional shares. This makes their stake in Ishares Tr total 234,083 shares worth $44 billion.

On the other hand, there are companies that Kapstone Advisors is getting rid of from its portfolio. Kapstone Advisors closed its position in Chipotle Mexican Grill on 2nd August 2024. It sold the previously owned 350 shares for $1.02 billion. David Kronour also disclosed a decreased stake in Apple Inc by approximately 0.1%. This leaves the value of the investment at $19.2 billion and 91,338 shares.

One of the smallest hedge funds

The two most similar investment funds to Kapstone Advisors are Guidance and Guardian Partners. They manage $151 billion and $151 billion respectively.


David Kronour investment strategy

Kapstone Advisors’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 19.3% of the total portfolio value. The fund focuses on investments in the United States as 56.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 55% of the total holdings value. On the other hand, small-cap stocks make up only 1.1% of the portfolio. The average market cap of the portfolio companies is close to $234 billion.

The complete list of Kapstone Advisors trades based on 13F SEC filings

These positions were updated on August 2nd based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Ishares Tr
1.70%
234,083
$43,993,877,000 29.17%
Apple Inc
0.09%
91,338
$19,237,703,000 12.75%
Microstrategy Inc.
2.24%
7,130
$9,821,432,000 6.51%
Procter And Gamble Co
4.62%
33,358
$5,501,329,000 3.65%
Meta Platforms Inc
0.80%
9,255
$4,666,556,000 3.09%
Microsoft Corporation
4.72%
9,833
$4,394,793,000 2.91%
Vanguard Whitehall Fds
1.68%
32,269
$3,827,103,000 2.54%
Alphabet Inc
0.36%
27,745
$5,066,291,000 3.36%
NVIDIA Corp
938.28%
19,800
$2,446,092,000 1.62%
Abbvie Inc
1.50%
14,045
$2,409,026,000 1.60%
Jpmorgan Chase Co.
2.49%
9,346
$1,890,223,000 1.25%
Berkshire Hathaway Inc.
2.56%
4,528
$2,453,825,000 1.63%
First Tr Exchange-traded Fd
0.51%
34,597
$2,526,351,000 1.68%
Amazon.com Inc.
No change
7,985
$1,543,101,000 1.02%
Goldman Sachs Group, Inc.
Opened
3,036
$1,373,244,000 0.91%
Exxon Mobil Corp.
8.20%
11,783
$1,356,438,000 0.90%
First Tr Exchange Traded Fd
26.14%
42,333
$1,291,580,000 0.86%
Marathon Pete Corp
No change
7,266
$1,260,506,000 0.84%
Select Sector Spdr Tr
4.75%
18,736
$1,461,390,000 0.97%
LCNB Corp
1.50%
88,407
$1,229,741,000 0.82%
Merck Co Inc
2.67%
9,896
$1,225,125,000 0.81%
Johnson Johnson
0.83%
7,845
$1,146,625,000 0.76%
Chipotle Mexican Grill
Closed
350
$1,017,370,000
Spdr Sp 500 Etf Tr
1.97%
1,791
$974,698,000 0.65%
Elevance Health Inc
2.35%
1,696
$919,240,000 0.61%
Paychex Inc.
1.54%
7,530
$892,757,000 0.59%
Cisco Sys Inc
11.13%
17,432
$828,194,000 0.55%
Visa Inc
0.97%
3,075
$807,141,000 0.54%
Martin Marietta Matls Inc
No change
1,437
$778,567,000 0.52%
Palantir Technologies Inc.
6.62%
29,780
$754,327,000 0.50%
Philip Morris International Inc
68.40%
7,194
$728,970,000 0.48%
Vulcan Matls Co
No change
2,838
$705,754,000 0.47%
Chevron Corp.
0.98%
4,255
$665,567,000 0.44%
Lockheed Martin Corp.
4.36%
1,413
$660,012,000 0.44%
Salesforce Inc
5.20%
2,532
$650,977,000 0.43%
Duke Energy Corp.
0.68%
6,393
$640,770,000 0.42%
Invesco Exchange Traded Fd T
0.58%
34,110
$1,138,890,000 0.76%
CSX Corp.
1.05%
18,778
$628,124,000 0.42%
Altria Group Inc.
3.51%
13,759
$626,720,000 0.42%
Analog Devices Inc.
No change
2,734
$624,063,000 0.41%
Home Depot, Inc.
No change
1,741
$599,322,000 0.40%
Huntington Bancshares, Inc.
No change
40,122
$528,808,000 0.35%
Iron Mtn Inc Del
No change
5,788
$518,721,000 0.34%
Spdr Ser Tr
No change
4,063
$516,732,000 0.34%
Bank America Corp
No change
12,622
$501,991,000 0.33%
Intuitive Surgical Inc
No change
1,122
$499,122,000 0.33%
Coca-Cola Co
6.19%
7,684
$489,098,000 0.32%
D.R. Horton Inc.
No change
3,365
$474,229,000 0.31%
Eli Lilly Co
9.68%
510
$461,744,000 0.31%
Cardinal Health, Inc.
5.21%
4,646
$456,798,000 0.30%
The Southern Co.
1.11%
5,886
$456,577,000 0.30%
Bristol-Myers Squibb Co.
11.31%
10,246
$425,535,000 0.28%
Tesla Inc
4.73%
2,073
$410,205,000 0.27%
Pimco Etf Tr
No change
4,040
$406,626,000 0.27%
Micron Technology Inc.
No change
3,025
$397,878,000 0.26%
Disney Walt Co
17.37%
3,816
$378,891,000 0.25%
Delta Air Lines, Inc.
No change
7,821
$371,011,000 0.25%
Proshares Tr
35.16%
3,848
$369,908,000 0.25%
Lamb Weston Holdings Inc
No change
4,388
$368,943,000 0.24%
Kimberly-Clark Corp.
8.95%
2,653
$366,645,000 0.24%
Boeing Co.
9.97%
2,004
$364,831,000 0.24%
Fedex Corp
No change
1,188
$356,210,000 0.24%
Conagra Brands Inc
0.88%
11,934
$339,164,000 0.22%
Ford Mtr Co Del
No change
26,995
$338,517,000 0.22%
Cummins Inc.
No change
1,222
$338,278,000 0.22%
Verizon Communications Inc
7.94%
7,749
$319,569,000 0.21%
Cincinnati Finl Corp
No change
2,668
$315,061,000 0.21%
Progressive Corp.
No change
1,470
$305,334,000 0.20%
Mastercard Incorporated
No change
692
$305,283,000 0.20%
Lowes Cos Inc
No change
1,361
$300,054,000 0.20%
Kroger Co.
No change
5,997
$299,430,000 0.20%
Pepsico Inc
1.43%
1,790
$295,225,000 0.20%
Novartis AG
No change
2,695
$286,910,000 0.19%
American Express Co.
5.98%
1,227
$284,112,000 0.19%
First Tr Nasdaq 100 Tech Ind
6.97%
1,388
$274,074,000 0.18%
Mcdonalds Corp
1.64%
1,018
$259,427,000 0.17%
Wisdomtree Tr
No change
3,500
$247,908,000 0.16%
Nike, Inc.
No change
3,280
$247,214,000 0.16%
CVS Health Corp
24.93%
3,995
$235,945,000 0.16%
Qualcomm, Inc.
Opened
1,175
$233,949,000 0.16%
Pfizer Inc.
Closed
8,266
$229,382,000
Norfolk Southn Corp
Closed
890
$226,834,000
Vanguard Index Fds
No change
845
$226,046,000 0.15%
Blackstone Inc
Closed
1,716
$225,431,000
Fifth Third Bancorp
24.64%
6,118
$223,246,000 0.15%
Walmart Inc
Opened
3,297
$223,240,000 0.15%
Mckesson Corporation
0.79%
377
$220,183,000 0.15%
Global X Fds
Opened
12,392
$218,967,000 0.15%
Union Pac Corp
No change
930
$210,422,000 0.14%
Conocophillips
Closed
1,652
$210,267,000
J P Morgan Exchange Traded F
Opened
3,747
$207,958,000 0.14%
Astrazeneca plc
Opened
2,618
$204,178,000 0.14%
Nucor Corp.
No change
1,290
$203,923,000 0.14%
Valero Energy Corp.
No change
1,294
$202,847,000 0.13%
Cohen Steers Closed-end Op
Opened
11,650
$139,218,000 0.09%
abrdn World Healthcare Fund
Opened
10,500
$137,865,000 0.09%
Blackrock Enhanced Equity Di
Opened
10,911
$89,143,000 0.06%
Liberty All-star Growth Fd I
Opened
15,602
$83,315,000 0.06%
Eaton Vance Tax-managed Glob
No change
10,035
$82,989,000 0.06%
Gabelli Equity Tr Inc
Opened
11,650
$60,580,000 0.04%
No transactions found
Showing first 500 out of 100 holdings