Kovack Advisors, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Kovack Advisors, Inc. reported 576 stock positions worth $944.3 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 6.6% of the portfolio, followed by Apple (AAPL, 4.3%) and Nvidia (NVDA, 4.3%). Compared with Q4 2024, it opened 33 new positions, sold out of 66, added to 256 and reduced 256. The biggest buy was a new position in Isha Curr Hedged MSCI Eafe (HEFA) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- FT. LAUDERDALE, FL
- CIK
- 0001728321
- Portfolio Value
- $944.3M (Q1 2025)
- SEC Filing
- 0001085146-25-002653 ↗ filed May 6, 2025
Holdings Value
Holdings 576 stocks · $944.3M
| IVV iShares Core S&P 500 ETF | 6.62% | 111,172 | $62.5M | Reduce -16.5% |
| AAPL Apple Inc. | 4.32% | 183,740 | $40.8M | Reduce -7.0% |
| NVDA Nvidia Corp. | 4.30% | 374,616 | $40.6M | Reduce -7.4% |
| AMZN Amazon.com Inc. | 2.69% | 133,522 | $25.4M | Reduce -9.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.35% | 39,607 | $22.2M | Reduce -1.5% |
| MSFT Microsoft Corp. | 2.34% | 58,898 | $22.1M | Reduce -3.5% |
| QQQ Invesco QQQ Trust Series 1 | 2.00% | 40,180 | $18.8M | Reduce -3.2% |
| VOO Vanguard S&P 500 ETF | 1.85% | 33,940 | $17.4M | Add +25.8% |
| GOOGL Alphabet Inc. Class A | 1.49% | 90,873 | $14.1M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.41% | 25,018 | $13.3M | Reduce -1.0% |
| HEFA Isha Curr Hedged MSCI Eafe | 1.30% | 339,002 | $12.3M | New |
| SCHG Schwab US Large-Cap Growth | 1.26% | 473,854 | $11.9M | Reduce -0.6% |
| IWY iShares Russell Top 200 Grow | 1.14% | 51,027 | $10.8M | Add +0.2% |
| HYGH iShares Int Rate Hedg HY ETF | 1.14% | 125,979 | $10.7M | Reduce -0.2% |
| CVX Chevron Corp. | 1.08% | 60,895 | $10.2M | Reduce -3.0% |
| FDVV Fidelity High Dividend ETF | 1.07% | 203,588 | $10.1M | Add +0.7% |
| FFLC Fidelity Fndmntl L/C Cor ETF | 1.03% | 223,787 | $9.7M | Add +0.2% |
| VST Vistra Corp. | 0.99% | 79,785 | $9.4M | Reduce -2.3% |
| IBOC International Bancshares CRP | 0.98% | 146,189 | $9.2M | Reduce -0.6% |
| PANW Palo Alto Networks Inc. | 0.90% | 50,066 | $8.5M | Reduce -2.2% |
| JPM JPMorgan Chase & Co. | 0.79% | 30,504 | $7.5M | Reduce -4.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.77% | 26,603 | $7.3M | Reduce -15.4% |
| META Meta Platforms Inc. Class A | 0.75% | 12,209 | $7.0M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 0.74% | 44,639 | $7.0M | Reduce -9.8% |
| RDVY First Trust Rising Dividend | 0.74% | 118,617 | $6.9M | Add +4.5% |
| JAZZ Jazz Pharmaceuticals PLC | 0.72% | 54,417 | $6.8M | Reduce -0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.71% | 38,723 | $6.7M | Reduce -0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.66% | 16,930 | $6.3M | Reduce -7.0% |
| URI United Rentals Inc. | 0.65% | 9,823 | $6.2M | Add +2.0% |
| AVGO Broadcom Inc. | 0.64% | 36,160 | $6.1M | Add +5.2% |
| ADTN Adtran Holdings Inc. | 0.64% | 691,250 | $6.0M | Reduce -13.6% |
| UNH Unitedhealth Group Inc. | 0.60% | 10,818 | $5.7M | Add +5.3% |
| XLK SS Technology Select Sector | 0.56% | 25,753 | $5.3M | Reduce -3.5% |
| TSLA Tesla Inc. | 0.55% | 20,210 | $5.2M | Reduce -18.9% |
| RTX RTX Corp. | 0.55% | 39,022 | $5.2M | Reduce -6.9% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.54% | 56,043 | $5.1M | Reduce -0.2% |
| HD Home Depot Inc. | 0.54% | 13,978 | $5.1M | Reduce -3.1% |
| JNJ Johnson & Johnson | 0.53% | 30,244 | $5.0M | Reduce -1.7% |
| XOM Exxon Mobil Corp. | 0.52% | 41,428 | $4.9M | Reduce -44.4% |
| NOBL Proshares S&P 500 Dividend A | 0.50% | 45,800 | $4.7M | Reduce -1.9% |
| AGG iShares Core U.S. Aggregate | 0.49% | 46,375 | $4.6M | Add +45.1% |
| FVD First Trust Value Line DVD | 0.48% | 100,898 | $4.5M | Reduce -1.4% |
| VRT Vertiv Holdings Co. Class A | 0.47% | 61,692 | $4.5M | Add +1.2% |
| SH Proshares Short S&P500 | 0.45% | 94,521 | $4.2M | Add +775.5% |
| FTSL First Trust Senior Loan ETF | 0.44% | 91,241 | $4.2M | Add +5.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.44% | 9,883 | $4.1M | Reduce -2.1% |
| VIG Vanguard Dividend Apprec ETF | 0.41% | 20,049 | $3.9M | Add +3.3% |
| VRIG Invesco Variable Rate Invest | 0.41% | 153,828 | $3.9M | Reduce -0.0% |
| T AT&T Inc. | 0.41% | 136,050 | $3.8M | Reduce -7.7% |
| XMMO Invesco S&P Midcap Momentum | 0.40% | 33,507 | $3.8M | Add +0.3% |
| LLY Eli Lilly & Co. | 0.40% | 4,585 | $3.8M | Reduce -15.4% |
| WMT Walmart Inc. | 0.40% | 42,511 | $3.7M | Reduce -0.7% |
| XLE SS Energy Select Sector | 0.39% | 39,347 | $3.7M | Reduce -2.7% |
| UIS Unisys Corp. | 0.39% | 797,400 | $3.7M | Add +3.2% |
| FLTR Vaneck Ig Floating Rate ETF | 0.38% | 142,186 | $3.6M | Add +7.3% |
| XLF SS Financial Select Sector | 0.38% | 72,558 | $3.6M | Reduce -1.7% |
| NOW ServiceNow Inc. | 0.37% | 4,358 | $3.5M | Add +6.7% |
| PSLV Sprott Physical Silver Trust | 0.37% | 298,040 | $3.5M | Add +13.3% |
| ABBV Abbvie Inc. | 0.36% | 16,286 | $3.4M | Reduce -3.9% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.34% | 108,519 | $3.2M | Add +10.5% |
| GS Goldman Sachs Group Inc. | 0.34% | 5,854 | $3.2M | Add +118.8% |
| XLV SS Health Care Select Sector | 0.33% | 21,435 | $3.1M | Reduce -2.8% |
| ENB Enbridge Inc. | 0.33% | 70,143 | $3.1M | Add +312.9% |
| PEP Pepsico Inc. | 0.32% | 20,271 | $3.0M | Add +47.5% |
| CRM Salesforce Inc. | 0.31% | 11,054 | $3.0M | Add +9.7% |
| GLD SPDR Gold Shares | 0.31% | 10,193 | $2.9M | Add +2.0% |
| PLTR Palantir Technologies Inc. Class A | 0.31% | 34,578 | $2.9M | Add +12.8% |
| VGSH Vanguard Short-Term Treasury | 0.30% | 48,996 | $2.9M | Add +2.1% |
| MCD McDonald's Corp. | 0.30% | 8,924 | $2.8M | Reduce -7.1% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.29% | 9,010 | $2.8M | Reduce -2.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.29% | 11,157 | $2.8M | Reduce -26.1% |
| COST Costco Wholesale Corp. | 0.29% | 2,906 | $2.7M | Reduce -38.8% |
| PWR Quanta Services Inc. | 0.28% | 10,550 | $2.7M | Add +10.2% |
| FISV Fiserv Inc. | 0.28% | 12,086 | $2.7M | Reduce -0.2% |
| AMD Advanced Micro Devices | 0.28% | 25,829 | $2.7M | Add +20.4% |
| VZ Verizon Communications Inc. | 0.27% | 56,983 | $2.6M | Add +13.2% |
| VEA Vanguard Ftse Developed ETF | 0.26% | 48,896 | $2.5M | Reduce -1.0% |
| JEPI JPMorgan Equity Premium Inco | 0.26% | 42,833 | $2.4M | Reduce -9.2% |
| IWB iShares Russell 1000 ETF | 0.26% | 7,854 | $2.4M | Reduce -1.1% |
| VYM Vanguard High DVD Yield ETF | 0.25% | 18,640 | $2.4M | Reduce -2.2% |
| PG The Procter & Gamble Co. | 0.25% | 14,017 | $2.4M | Reduce -20.0% |
| FSK FS KKR Capital Corp. | 0.24% | 109,212 | $2.3M | Reduce -15.4% |
| OKE Oneok Inc. | 0.24% | 22,668 | $2.2M | Add +181.9% |
| PSQ Proshares Short QQQ | 0.24% | 54,782 | $2.2M | New |
| IYF iShares US Financials ETF | 0.24% | 19,682 | $2.2M | Reduce -0.7% |
| XYZ Block Inc. | 0.23% | 40,528 | $2.2M | Add +1209.0% |
| PFE Pfizer Inc. | 0.23% | 85,961 | $2.2M | Reduce -19.6% |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | 0.23% | 71,871 | $2.1M | Add +53.9% |
| AGNC AGNC Investment Corp. | 0.23% | 222,310 | $2.1M | Add +0.5% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 11,997 | $2.1M | Add +10.0% |
| NFLX Netflix Inc. | 0.21% | 2,168 | $2.0M | Reduce -2.5% |
| QCOM Qualcomm Inc. | 0.21% | 13,021 | $2.0M | Add +1.4% |
| KO The Coca-Cola Co. | 0.21% | 27,611 | $2.0M | Reduce -12.7% |
| BSV Vanguard Short-Term Bond ETF | 0.21% | 25,229 | $2.0M | Add +1.7% |
| VGIT Vanguard Intermediate-Term T | 0.20% | 32,001 | $1.9M | Add +3.0% |
| FLBL Franklin Senior Loan ETF | 0.20% | 78,797 | $1.9M | Add +31.9% |
| EDOW First Trust Dow 30 Eql WGHT | 0.20% | 52,309 | $1.9M | Add +40.2% |
| GE General Electric filed as GE AEROSPACE | 0.20% | 9,246 | $1.9M | Add +2.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.20% | 23,374 | $1.8M | Add +4.0% |
| VGT Vanguard Info Tech ETF | 0.19% | 3,358 | $1.8M | Add +2.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $299K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 249 | $299K | Add +19.1% |
Total filed on the 13F, all lines: $944.6M.
Portfolio Sells Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Reduce -16.5% | 6.62% | −1.08 |
| NVDA Nvidia Corp. | Reduce -7.4% | 4.30% | −1.03 |
| AAPL Apple Inc. | Reduce -7.0% | 4.32% | −0.53 |
| AMZN Amazon.com Inc. | Reduce -9.5% | 2.69% | −0.49 |
| TSLA Tesla Inc. | Reduce -18.9% | 0.55% | −0.43 |
| AXON Axon Enterprise Inc. | Reduce -71.4% | 0.14% | −0.37 |
| XOM Exxon Mobil Corp. | Reduce -44.4% | 0.52% | −0.27 |
| MELI MercadoLibre Inc. | Reduce -69.2% | 0.14% | −0.22 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 1.49% | −0.22 |
| COP Conocophillips | Reduce -82.5% | 0.05% | −0.19 |
| GOOG Alphabet Inc. Class C | Reduce -9.8% | 0.74% | −0.19 |
| MSFT Microsoft Corp. | Reduce -3.5% | 2.34% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -38.8% | 0.29% | −0.14 |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | Reduce -85.8% | 0.02% | −0.12 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -15.4% | 0.77% | −0.12 |
| VST Vistra Corp. | Reduce -2.3% | 0.99% | −0.11 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.2% | 2.00% | −0.09 |
| O Realty Income Corp. | Reduce -80.8% | 0.02% | −0.08 |
| SLB SLB Ltd. | Reduce -63.7% | 0.06% | −0.08 |
| FTNT Fortinet Inc. | Reduce -63.3% | 0.05% | −0.08 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -7.0% | 0.66% | −0.07 |
| MFC Manulife Financial Corp. | Sold out | 0.00% | −0.07 |
| OSPN Onespan Inc. | Reduce -16.9% | 0.19% | −0.07 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.07 |
| ANET Arista Networks Inc. | Reduce -58.3% | 0.03% | −0.06 |
| SHOP Shopify Inc. Class A | Reduce -50.1% | 0.05% | −0.06 |
| BNL Broadstone Net Lease Inc. | Sold out | 0.00% | −0.06 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.06 |
| NNN NNN REIT Inc. | Sold out | 0.00% | −0.06 |
| SCWX Secureworks Corp. Class A | Sold out | 0.00% | −0.05 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.05 |
| ERIC Ericsson (lm) Tel-SP ADR | Reduce -83.5% | 0.01% | −0.05 |
| UTG Reaves Utility Income Fund | Sold out | 0.00% | −0.05 |
| PFE Pfizer Inc. | Reduce -19.6% | 0.23% | −0.05 |
| SCHG Schwab US Large-Cap Growth | Reduce -0.6% | 1.26% | −0.05 |
| XLK SS Technology Select Sector | Reduce -3.5% | 0.56% | −0.05 |
| AB Alliancebernstein Holding LP | Sold out | 0.00% | −0.04 |
| FPEI First Trust Institutional PR | Sold out | 0.00% | −0.04 |
| CGBD Carlyle Secured Lending Inc. | Sold out | 0.00% | −0.04 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.04 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −0.04 |
| DXYZ Destiny TECH100 Inc. | Sold out | 0.00% | −0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.04 |
| USB US Bancorp | Sold out | 0.00% | −0.04 |
| GIS General Mills Inc. | Reduce -47.9% | 0.04% | −0.04 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.04 |
| WBD Warner Bros Discovery Inc. | Reduce -56.0% | 0.04% | −0.04 |
| RELL Richardson Elec Ltd. | Reduce -56.2% | 0.02% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -28.7% | 0.09% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| HEFA Isha Curr Hedged MSCI Eafe | New | 1.30% | +1.30 |
| VOO Vanguard S&P 500 ETF | Add +25.8% | 1.85% | +0.42 |
| SH Proshares Short S&P500 | Add +775.5% | 0.45% | +0.40 |
| ENB Enbridge Inc. | Add +312.9% | 0.33% | +0.26 |
| PSQ Proshares Short QQQ | New | 0.24% | +0.24 |
| XYZ Block Inc. | Add +1209.0% | 0.23% | +0.21 |
| GS Goldman Sachs Group Inc. | Add +118.8% | 0.34% | +0.19 |
| AGG iShares Core U.S. Aggregate | Add +45.1% | 0.49% | +0.18 |
| JPIE JPMorgan Income ETF | New | 0.18% | +0.18 |
| PSX Phillips 66 | Add +525.5% | 0.19% | +0.16 |
| OKE Oneok Inc. | Add +181.9% | 0.24% | +0.16 |
| PSLV Sprott Physical Silver Trust | Add +13.3% | 0.37% | +0.12 |
| PEP Pepsico Inc. | Add +47.5% | 0.32% | +0.12 |
| RWM Proshares Short RUSSELL2000 | New | 0.12% | +0.12 |
| BLK BlackRock Inc. | Add +136.1% | 0.19% | +0.11 |
| MINT PIMCO Enhanced Short Maturit | New | 0.09% | +0.09 |
| UNH Unitedhealth Group Inc. | Add +5.3% | 0.60% | +0.09 |
| PNC PNC Financial Services Group | New | 0.09% | +0.09 |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | Add +53.9% | 0.23% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | Add +12.8% | 0.31% | +0.08 |
| VGK Vanguard Ftse Europe ETF | New | 0.08% | +0.08 |
| FDVV Fidelity High Dividend ETF | Add +0.7% | 1.07% | +0.08 |
| RDVY First Trust Rising Dividend | Add +4.5% | 0.74% | +0.08 |
| VZ Verizon Communications Inc. | Add +13.2% | 0.27% | +0.08 |
| FSCO FS Credit Opportunities Corp. | Add +109.0% | 0.13% | +0.07 |
| MLM Martin Marietta Materials | Add +111.5% | 0.14% | +0.07 |
| GLD SPDR Gold Shares | Add +2.0% | 0.31% | +0.07 |
| KIO KKR Income Opportunities | Add +124.0% | 0.13% | +0.07 |
| HRB H&R Block Inc. | New | 0.07% | +0.07 |
| EDOW First Trust Dow 30 Eql WGHT | Add +40.2% | 0.20% | +0.07 |
| ETN Eaton Corp. PLC | Add +343.6% | 0.09% | +0.06 |
| FLBL Franklin Senior Loan ETF | Add +31.9% | 0.20% | +0.06 |
| IEFA iShares Core MSCI Eafe ETF | Add +108.9% | 0.10% | +0.06 |
| FLTR Vaneck Ig Floating Rate ETF | Add +7.3% | 0.38% | +0.05 |
| GNL Global Net Lease Inc. | Add +22.0% | 0.17% | +0.05 |
| FTSL First Trust Senior Loan ETF | Add +5.5% | 0.44% | +0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.05% | +0.05 |
| GE General Electric | Add +2.2% | 0.20% | +0.05 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +10.5% | 0.34% | +0.05 |
| DLR Digital Realty Trust Inc. | Add +75.8% | 0.12% | +0.04 |
| GSLC Goldman Activebeta US LC ETF | New | 0.04% | +0.04 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +120.3% | 0.07% | +0.04 |
| FENI Fidelity Enhanced Intl ETF | Add +37.3% | 0.10% | +0.04 |
| VIG Vanguard Dividend Apprec ETF | Add +3.3% | 0.41% | +0.04 |
| FPE FT-Preferred Secur & Inc. ETF | Add +18.8% | 0.17% | +0.04 |
| AES AES Corp. | Add +93.2% | 0.07% | +0.04 |
| MO Altria Group Inc. | Add +2.9% | 0.15% | +0.03 |
| RSP Invesco S&P 500 Equal Weight | Add +10.0% | 0.22% | +0.03 |
| FLHY Franklin High Yield Corporat | Add +20.5% | 0.14% | +0.03 |
| TBUX T Rowe Price Ultra Short-Ter | New | 0.03% | +0.03 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +19.1% | 249 | $299K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,066 | $2.1B | NVDA, AAPL, IVV, AMZN, SPY |
| Q1 2026 | 1,007 | $1.9B | NVDA, AAPL, IVV, AMZN, SPY |
| Q4 2025Amended | 1,001 | $2.1B | NVDA, AAPL, AMZN, IVV, MSFT |
| Q3 2025 | 609 | $1.1B | NVDA, AAPL, SPMO, SPY, MSFT |
| Q2 2025 | 617 | $1.0B | NVDA, IVV, AAPL, AMZN, MSFT |
| Q1 2025 | 576 | $944.3M | IVV, AAPL, NVDA, AMZN, SPY |
| Q4 2024 | 609 | $1.0B | IVV, NVDA, AAPL, AMZN, MSFT |
| Q3 2024 | 584 | $943.9M | IVV, NVDA, AAPL, AMZN, MSFT |
| Q2 2024 | 572 | $908.7M | IVV, NVDA, AAPL, MSFT, AMZN |
| Q1 2024 | 472 | $825.9M | IVV, AAPL, NVDA, AMZN, QQQ |