Capstone Financial Advisors, Inc.

Q1 2025 13F Holdings Report, Stock Holdings

Signature - Title: Drew A Ahrens - Chief Compliance Officer
Location: Downers Grove, IL
Holdings as of: March 31, 2025
Value $: $1.59B
Num holdings: 158
Date filed: 5/9/2025, 11:36 AM
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included VTI, IWB, DFAC, BND, and NFRA.
Previous filing: Q4 2024 - Feb 14, 2025
SEC: View on sec.gov
Options Holdings: Showing stock holdings, see here for options holdings

Sym	Weight	Trade Impact	Company	Class	Shares Change	Activity	Value Change $	Value $	* Price $	Shares	Principal
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Filing 2025 Q1 compared to 2024 Q4 by default.

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* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Drew A Ahrens	Chief Compliance Officer	Downers Grove, Illinois	5/9/2025