CAPSTONE CAPITAL LLC

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Reported portfolio value by quarter (12 quarters reported)

$179M $102M

Q4 23 Q3 24 Q2 25 Q1 26 Q3 26

$102M in Q4 2023 → $179M now. Hover for any quarter.

Holdings

As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
DE Dimensional ETF Trust	47.2%	Added 1.3%	1,898,081	$84.4M
DE Dimensional ETF Trust	22.8%	Added 1.5%	1,081,750	$40.7M
DE Dimensional ETF Trust	11.6%	Added 0.1%	522,765	$20.8M
VS Vanguard Scottsdale Fds	8.0%	Added 19%	186,119	$14.4M
VM Vanguard Mun Bd Fds	5.7%	Added 7.6%	215,948	$10.2M
Apple Inc	0.5%	Trimmed 0.8%	2,931	$976K
Nvidia Corporation	0.4%	Trimmed 0.3%	3,401	$777K
Microsoft Corp	0.4%	Added 0.1%	1,445	$741K
VS Vanguard Scottsdale Fds	0.4%	Trimmed 5.1%	8,051	$630K
IE Invesco Exch Traded Fd Tr Ii	0.3%	Unchanged	21,545	$545K
IT Ishares Tr	0.2%	Unchanged	3,957	$414K
IT Ishares Tr	0.2%	Unchanged	525	$402K
Alphabet Inc	0.2%	Trimmed 1.3%	1,161	$399K
Amazon Com Inc	0.2%	Trimmed 0.1%	1,603	$399K
Las Vegas Sands Corp	0.2%	Trimmed 0.1%	10,150	$384K
IT Ishares Tr	0.2%	Unchanged	3,595	$363K
DE Dimensional ETF Trust	0.2%	Unchanged	4,133	$343K
SS State Str SPDR S&P 500 ETF T	0.2%	Unchanged	370	$282K
Alphabet Inc	0.1%	Trimmed 0.5%	778	$265K
WA Western Asset Managed Muns F	0.1%	Unchanged	29,450	$263K
IE Invesco Exchange Traded Fd T	0.1%	Unchanged	2,130	$238K
Lam Research Corp	0.1%	Trimmed 0.1%	701	$230K
DE Dimensional ETF Trust	0.1%	Trimmed 2.0%	3,978	$219K
Chevron Corporation	0.1%	New	1,046	$214K
Micron Technology Inc	0.1%	Unchanged	191	$203K

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

quarter ended September 30, 2026 · filed October 14, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VS Vanguard Scottsdale Fds	Added	+29,462	+$2.28M	8.0%
DE Dimensional ETF Trust	Added	+24,847	+$1.1M	47.2%
VM Vanguard Mun Bd Fds	Added	+15,288	+$724K	5.7%
DE Dimensional ETF Trust	Added	+16,227	+$610K	22.8%
Kla Corp	Exited	−950	−$287K	—
AM Applied Matls Inc	Exited	−306	−$221K	—
Chevron Corporation	New	+1,046	+$214K	0.1%
VS Vanguard Scottsdale Fds	Trimmed	−429	−$33.6K	0.4%
DE Dimensional ETF Trust	Added	+378	+$15K	11.6%
Apple Inc	Trimmed	−24	−$7.99K	0.5%

Showing the 10 largest of 18 changes.

quarter ended June 30, 2026 · filed July 22, 2026

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+33,973	+$1.51M	47.5%
VM Vanguard Mun Bd Fds	Added	+16,527	+$836K	5.8%
VS Vanguard Scottsdale Fds	Added	+5,807	+$459K	7.1%
DE Dimensional ETF Trust	Added	+11,485	+$428K	22.7%
Lam Research Corp	New	+702	+$304K	0.2%
Kla Corp	New	+950	+$287K	0.2%
DE Dimensional ETF Trust	New	+4,059	+$223K	0.1%
AM Applied Matls Inc	New	+306	+$221K	0.1%
Micron Technology Inc	New	+191	+$220K	0.1%
Chevron Corporation	Exited	−1,046	−$216K	—

Showing the 10 largest of 20 changes.

quarter ended March 31, 2026 · filed April 24, 2026

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+23,859	+$927K	46.0%
DE Dimensional ETF Trust	Trimmed	−10,484	−$372K	24.1%
VM Vanguard Mun Bd Fds	Added	+6,316	+$315K	5.9%
SS State Str SPDR S&P 500 ETF T	New	+370	+$241K	0.2%
Chevron Corporation	New	+1,046	+$216K	0.1%
DE Dimensional ETF Trust	Trimmed	−4,931	−$170K	11.7%
IT Ishares Tr	Added	+225	+$147K	0.2%
IT Ishares Tr	Trimmed	−775	−$82.3K	0.2%
Nvidia Corporation	Added	+209	+$36.5K	0.4%
Apple Inc	Added	+139	+$35.3K	0.5%

Showing the 10 largest of 19 changes.

quarter ended December 31, 2025 · filed January 22, 2026

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+93,070	+$3.68M	46.7%
DE Dimensional ETF Trust	Trimmed	−41,424	−$1.43M	23.8%
VS Vanguard Scottsdale Fds	Added	+10,080	+$804K	7.8%
IE Invesco Exch Traded Fd Tr Ii	Added	+21,643	+$589K	0.4%
DE Dimensional ETF Trust	Trimmed	−14,439	−$478K	11.4%
Nvidia Corporation	Trimmed	−2,004	−$374K	0.4%
Broadcom Inc	Exited	−1,111	−$367K	—
Jpmorgan Chase & Co.	Exited	−1,091	−$344K	—
Microsoft Corp	Trimmed	−636	−$308K	0.4%
Apple Inc	Trimmed	−965	−$262K	0.5%

Showing the 10 largest of 21 changes.

quarter ended September 30, 2025 · filed October 22, 2025

Company	Action	Shares changed	Value of change	% of portfolio
IE Invesco Exch Traded Fd Tr Ii	Trimmed	−24,248	−$8.24M	0.5%
DE Dimensional ETF Trust	Added	+48,364	+$1.59M	24.2%
DE Dimensional ETF Trust	Added	+22,944	+$736K	11.7%
DE Dimensional ETF Trust	Trimmed	−13,975	−$539K	44.4%
Alphabet Inc	New	+1,125	+$274K	0.2%
Nvidia Corporation	Added	+1,418	+$265K	0.7%
Tesla Inc	New	+464	+$206K	0.1%
IT Ishares Tr	New	+307	+$205K	0.1%
Microsoft Corp	Added	+347	+$180K	0.7%
VS Vanguard Scottsdale Fds	Added	+2,197	+$176K	7.5%

Showing the 10 largest of 22 changes.

quarter ended June 30, 2025 · filed July 15, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+52,710	+$1.89M	45.2%
VS Vanguard Scottsdale Fds	Added	+12,292	+$977K	8.0%
FT First Tr Exch Traded Fd Iii	Exited	−7,709	−$389K	—
IT Ishares Tr	Exited	−6,428	−$255K	—
IE Invesco Exchange Traded Fd T	New	+2,130	+$209K	0.2%
VM Vanguard Mun Bd Fds	Added	+3,034	+$149K	6.4%
DE Dimensional ETF Trust	Added	+3,145	+$97.8K	23.9%
DE Dimensional ETF Trust	Added	+2,657	+$78.9K	11.2%
Broadcom Inc	Trimmed	−165	−$45.5K	0.2%
Apple Inc	Trimmed	−217	−$44.5K	0.5%

Showing the 10 largest of 20 changes.

quarter ended March 31, 2025 · filed April 22, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+64,886	+$2.14M	44.6%
DE Dimensional ETF Trust	Added	+32,994	+$916K	23.5%
DE Dimensional ETF Trust	Added	+18,536	+$490K	11.0%
VM Vanguard Mun Bd Fds	Added	+4,681	+$232K	7.0%
IE Invesco Exchange Traded Fd T	Exited	−2,130	−$210K	—
IT Ishares Tr	Trimmed	−826	−$87.1K	0.4%
Nvidia Corporation	Trimmed	−594	−$64.4K	0.3%
Amazon Com Inc	Added	+227	+$43.2K	0.3%
Broadcom Inc	Trimmed	−253	−$42.4K	0.2%
VS Vanguard Scottsdale Fds	Trimmed	−440	−$34.7K	8.0%

Showing the 10 largest of 20 changes.

quarter ended December 31, 2024 · filed January 23, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+59,820	+$2.07M	45.8%
DE Dimensional ETF Trust	Added	+67,571	+$1.75M	21.6%
DE Dimensional ETF Trust	Added	+20,112	+$527K	10.7%
VS Vanguard Scottsdale Fds	Added	+4,989	+$389K	8.1%
VM Vanguard Mun Bd Fds	Added	+5,658	+$284K	7.0%
IB International Business Machs	Exited	−1,126	−$249K	—
TT Tetra Tech Inc New	Exited	−5,075	−$239K	—
Alphabet Inc	New	+1,199	+$227K	0.2%
Broadcom Inc	Trimmed	−319	−$74K	0.3%
Nvidia Corporation	Added	+494	+$66.3K	0.5%

Showing the 10 largest of 17 changes.

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