Kovack Advisors, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), Kovack Advisors, Inc. reported 617 stock positions worth $1.0 billion. Its top holding was Nvidia (NVDA) at 5.3% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.0%) and Apple (AAPL, 3.5%). Compared with Q1 2025, it opened 80 new positions, sold out of 39, added to 262 and reduced 247. The biggest buy was a new position in Invesco S&P 500 Momentum ETF (SPMO) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- FT. LAUDERDALE, FL
- CIK
- 0001728321
- Portfolio Value
- $1.0B (Q2 2025)
- SEC Filing
- 0001085146-25-004483 ↗ filed Aug 4, 2025
Holdings Value
Holdings 617 stocks · $1.0B
| NVDA Nvidia Corp. | 5.29% | 341,786 | $54.0M | Reduce -8.8% |
| IVV iShares Core S&P 500 ETF | 4.02% | 66,051 | $41.0M | Reduce -40.6% |
| AAPL Apple Inc. | 3.49% | 173,259 | $35.5M | Reduce -5.7% |
| AMZN Amazon.com Inc. | 2.89% | 134,218 | $29.4M | Add +0.5% |
| MSFT Microsoft Corp. | 2.79% | 57,178 | $28.4M | Reduce -2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.58% | 42,513 | $26.3M | Add +7.3% |
| VOO Vanguard S&P 500 ETF | 2.01% | 36,135 | $20.5M | Add +6.5% |
| QQQ Invesco QQQ Trust Series 1 | 1.79% | 33,096 | $18.3M | Reduce -17.6% |
| SPMO Invesco S&P 500 Momentum ETF | 1.34% | 121,504 | $13.7M | New |
| VST Vistra Corp. | 1.33% | 69,949 | $13.6M | Reduce -12.3% |
| GOOGL Alphabet Inc. Class A | 1.31% | 75,779 | $13.4M | Reduce -16.6% |
| SCHG Schwab US Large-Cap Growth | 1.28% | 448,510 | $13.1M | Reduce -5.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.21% | 25,438 | $12.4M | Add +1.7% |
| AVGO Broadcom Inc. | 1.07% | 39,420 | $10.9M | Add +9.0% |
| PANW Palo Alto Networks Inc. | 1.00% | 49,979 | $10.2M | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 0.89% | 12,297 | $9.1M | Add +0.7% |
| IBOC International Bancshares CRP | 0.89% | 136,139 | $9.1M | Reduce -6.9% |
| CVX Chevron Corp. | 0.88% | 62,894 | $9.0M | Add +3.3% |
| JPM JPMorgan Chase & Co. | 0.86% | 30,081 | $8.7M | Reduce -1.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.84% | 28,156 | $8.6M | Add +5.8% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.83% | 221,976 | $8.4M | Reduce -34.5% |
| AUSF Global X Adaptive US Factor | 0.79% | 179,288 | $8.0M | New |
| TSLA Tesla Inc. | 0.75% | 24,123 | $7.7M | Add +19.4% |
| HYGH iShares Int Rate Hedg HY ETF | 0.74% | 86,818 | $7.5M | Reduce -31.1% |
| URI United Rentals Inc. | 0.71% | 9,639 | $7.3M | Reduce -1.9% |
| UNH Unitedhealth Group Inc. | 0.71% | 23,119 | $7.2M | Add +113.7% |
| SPLV Invesco S&P 500 Low Volatili | 0.70% | 97,522 | $7.1M | Add +648.8% |
| VRT Vertiv Holdings Co. Class A | 0.69% | 55,142 | $7.1M | Reduce -10.6% |
| RDVY First Trust Rising Dividend | 0.69% | 112,340 | $7.0M | Reduce -5.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.69% | 39,615 | $7.0M | Add +2.3% |
| GOOG Alphabet Inc. Class C | 0.68% | 39,222 | $7.0M | Reduce -12.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.67% | 15,517 | $6.8M | Reduce -8.3% |
| XLK SS Technology Select Sector | 0.64% | 25,846 | $6.5M | Add +0.4% |
| ADTN Adtran Holdings Inc. | 0.63% | 714,200 | $6.4M | Add +3.3% |
| JAZZ Jazz Pharmaceuticals PLC | 0.59% | 56,485 | $6.0M | Add +3.8% |
| PLTR Palantir Technologies Inc. Class A | 0.58% | 43,086 | $5.9M | Add +24.6% |
| AGG iShares Core U.S. Aggregate | 0.56% | 57,741 | $5.7M | Add +24.5% |
| RTX RTX Corp. | 0.54% | 37,721 | $5.5M | Reduce -3.3% |
| HD Home Depot Inc. | 0.50% | 13,893 | $5.1M | Reduce -0.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.50% | 11,515 | $5.1M | Add +16.5% |
| EFA iShares MSCI Eafe ETF | 0.48% | 54,454 | $4.9M | Add +1689.5% |
| JNJ Johnson & Johnson | 0.46% | 30,722 | $4.7M | Add +1.6% |
| NOBL Proshares S&P 500 Dividend A | 0.45% | 45,700 | $4.6M | Reduce -0.2% |
| GS Goldman Sachs Group Inc. | 0.44% | 6,408 | $4.5M | Add +9.5% |
| FVD First Trust Value Line DVD | 0.44% | 99,782 | $4.5M | Reduce -1.1% |
| NOW ServiceNow Inc. | 0.43% | 4,229 | $4.3M | Reduce -3.0% |
| VIG Vanguard Dividend Apprec ETF | 0.42% | 20,763 | $4.2M | Add +3.6% |
| FTSL First Trust Senior Loan ETF | 0.41% | 91,893 | $4.2M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.41% | 38,522 | $4.2M | Reduce -7.0% |
| PWR Quanta Services Inc. | 0.40% | 10,658 | $4.0M | Add +1.0% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.38% | 39,714 | $3.9M | Reduce -29.1% |
| VRIG Invesco Variable Rate Invest | 0.38% | 153,428 | $3.8M | Reduce -0.3% |
| FDVV Fidelity High Dividend ETF | 0.38% | 73,754 | $3.8M | Reduce -63.8% |
| NFLX Netflix Inc. | 0.37% | 2,843 | $3.8M | Add +31.1% |
| XMMO Invesco S&P Midcap Momentum | 0.37% | 29,181 | $3.8M | Reduce -12.9% |
| WMT Walmart Inc. | 0.37% | 38,101 | $3.7M | Reduce -10.4% |
| UIS Unisys Corp. | 0.36% | 819,075 | $3.7M | Add +2.7% |
| PSLV Sprott Physical Silver Trust | 0.36% | 301,376 | $3.7M | Add +1.1% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.36% | 115,946 | $3.7M | Add +6.8% |
| FLTR Vaneck Ig Floating Rate ETF | 0.36% | 142,186 | $3.6M | No change |
| T AT&T Inc. | 0.34% | 121,470 | $3.5M | Reduce -10.7% |
| AXON Axon Enterprise Inc. | 0.34% | 4,244 | $3.5M | Add +68.9% |
| AMD Advanced Micro Devices | 0.34% | 24,571 | $3.5M | Reduce -4.9% |
| XLF SS Financial Select Sector | 0.33% | 65,169 | $3.4M | Reduce -10.2% |
| CRM Salesforce Inc. | 0.33% | 12,159 | $3.3M | Add +10.0% |
| GLD SPDR Gold Shares | 0.32% | 10,815 | $3.3M | Add +6.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 6,288 | $3.2M | Add +54.8% |
| XYZ Block Inc. | 0.31% | 46,513 | $3.2M | Add +14.8% |
| XLE SS Energy Select Sector | 0.31% | 37,113 | $3.1M | Reduce -5.7% |
| LLY Eli Lilly & Co. | 0.30% | 3,959 | $3.1M | Reduce -13.7% |
| MELI MercadoLibre Inc. | 0.30% | 1,158 | $3.0M | Add +73.9% |
| COST Costco Wholesale Corp. | 0.28% | 2,913 | $2.9M | Add +0.2% |
| VEA Vanguard Ftse Developed ETF | 0.28% | 50,281 | $2.9M | Add +2.8% |
| ABBV Abbvie Inc. | 0.28% | 15,210 | $2.8M | Reduce -6.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 9,512 | $2.8M | Reduce -14.7% |
| VGSH Vanguard Short-Term Treasury | 0.27% | 47,608 | $2.8M | Reduce -2.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.27% | 12,259 | $2.8M | Add +37.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 21,977 | $2.7M | Add +23.4% |
| JEPI JPMorgan Equity Premium Inco | 0.27% | 47,770 | $2.7M | Add +11.5% |
| IWB iShares Russell 1000 ETF | 0.26% | 7,838 | $2.7M | Reduce -0.2% |
| XLV SS Health Care Select Sector | 0.25% | 18,853 | $2.5M | Reduce -12.1% |
| PG The Procter & Gamble Co. | 0.25% | 15,798 | $2.5M | Add +12.7% |
| ORCL Oracle Corp. | 0.24% | 11,372 | $2.5M | Reduce -5.4% |
| VYM Vanguard High DVD Yield ETF | 0.24% | 18,109 | $2.4M | Reduce -2.9% |
| IYF iShares US Financials ETF | 0.23% | 19,722 | $2.4M | Add +0.2% |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | 0.23% | 71,685 | $2.4M | Reduce -0.3% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 9,087 | $2.3M | Reduce -1.7% |
| MCD McDonald's Corp. | 0.23% | 7,994 | $2.3M | Reduce -10.4% |
| IQV Iqvia Holdings Inc. | 0.23% | 14,786 | $2.3M | Add +82.5% |
| FSK FS KKR Capital Corp. | 0.22% | 110,195 | $2.3M | Add +0.9% |
| VGT Vanguard Info Tech ETF | 0.22% | 3,386 | $2.2M | Add +0.8% |
| AGNC AGNC Investment Corp. | 0.21% | 230,407 | $2.1M | Add +3.6% |
| OSPN Onespan Inc. | 0.21% | 126,225 | $2.1M | Add +9.8% |
| VZ Verizon Communications Inc. | 0.21% | 48,469 | $2.1M | Reduce -14.9% |
| ENB Enbridge Inc. | 0.21% | 46,171 | $2.1M | Reduce -34.2% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.20% | 5,590 | $2.0M | Reduce -38.0% |
| FISV Fiserv Inc. | 0.20% | 11,867 | $2.0M | Reduce -1.8% |
| PFE Pfizer Inc. | 0.20% | 83,708 | $2.0M | Reduce -2.6% |
| EDOW First Trust Dow 30 Eql WGHT | 0.20% | 52,609 | $2.0M | Add +0.6% |
| BSV Vanguard Short-Term Bond ETF | 0.20% | 25,561 | $2.0M | Add +1.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $342K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 291 | $342K | Add +16.9% |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -40.6% | 4.02% | −2.59 |
| IWY iShares Russell Top 200 Grow | Sold out | 0.00% | −1.14 |
| FFLC Fidelity Fndmntl L/C Cor ETF | Sold out | 0.00% | −1.03 |
| AAPL Apple Inc. | Reduce -5.7% | 3.49% | −0.84 |
| FDVV Fidelity High Dividend ETF | Reduce -63.8% | 0.38% | −0.69 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -34.5% | 0.83% | −0.48 |
| HYGH iShares Int Rate Hedg HY ETF | Reduce -31.1% | 0.74% | −0.40 |
| SH Proshares Short S&P500 | Reduce -86.1% | 0.05% | −0.39 |
| PSQ Proshares Short QQQ | Sold out | 0.00% | −0.24 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -17.6% | 1.79% | −0.20 |
| GOOGL Alphabet Inc. Class A | Reduce -16.6% | 1.31% | −0.18 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -29.1% | 0.38% | −0.16 |
| PEP Pepsico Inc. | Reduce -34.1% | 0.17% | −0.15 |
| ENB Enbridge Inc. | Reduce -34.2% | 0.21% | −0.12 |
| RWM Proshares Short RUSSELL2000 | Sold out | 0.00% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -7.0% | 0.41% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -13.7% | 0.30% | −0.10 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -38.0% | 0.20% | −0.09 |
| OKE Oneok Inc. | Reduce -18.3% | 0.15% | −0.09 |
| IBOC International Bancshares CRP | Reduce -6.9% | 0.89% | −0.09 |
| ABBV Abbvie Inc. | Reduce -6.6% | 0.28% | −0.08 |
| XLV SS Health Care Select Sector | Reduce -12.1% | 0.25% | −0.08 |
| FISV Fiserv Inc. | Reduce -1.8% | 0.20% | −0.08 |
| XLE SS Energy Select Sector | Reduce -5.7% | 0.31% | −0.08 |
| IUSG iShares Core S&P U.S. Growth | Reduce -51.3% | 0.09% | −0.08 |
| HRB H&R Block Inc. | Sold out | 0.00% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -14.9% | 0.21% | −0.07 |
| MCD McDonald's Corp. | Reduce -10.4% | 0.23% | −0.07 |
| T AT&T Inc. | Reduce -10.7% | 0.34% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -12.1% | 0.68% | −0.06 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.05 |
| XLF SS Financial Select Sector | Reduce -10.2% | 0.33% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -9.5% | 0.08% | −0.05 |
| CBSH Commerce Bancshares Inc. | Sold out | 0.00% | −0.05 |
| QTEC First Trust Nasdq 100 Tech I | Sold out | 0.00% | −0.04 |
| NOBL Proshares S&P 500 Dividend A | Reduce -0.2% | 0.45% | −0.04 |
| RDVY First Trust Rising Dividend | Reduce -5.3% | 0.69% | −0.04 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.04 |
| HD Home Depot Inc. | Reduce -0.6% | 0.50% | −0.04 |
| BP BP PLC-Spons ADR | Reduce -26.1% | 0.07% | −0.04 |
| DE Deere & Co. | Reduce -38.4% | 0.06% | −0.04 |
| FVD First Trust Value Line DVD | Reduce -1.1% | 0.44% | −0.04 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -22.5% | 0.11% | −0.04 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -11.6% | 0.15% | −0.04 |
| ITOT iShares Core S&P Total U.S. | Reduce -29.3% | 0.10% | −0.04 |
| XMMO Invesco S&P Midcap Momentum | Reduce -12.9% | 0.37% | −0.04 |
| FSCO FS Credit Opportunities Corp. | Reduce -23.7% | 0.09% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -13.5% | 0.18% | −0.04 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -57.6% | 0.02% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| SPMO Invesco S&P 500 Momentum ETF | New | 1.34% | +1.34 |
| AUSF Global X Adaptive US Factor | New | 0.79% | +0.79 |
| SPLV Invesco S&P 500 Low Volatili | Add +648.8% | 0.70% | +0.59 |
| EFA iShares MSCI Eafe ETF | Add +1689.5% | 0.48% | +0.45 |
| AVGO Broadcom Inc. | Add +9.0% | 1.07% | +0.42 |
| PLTR Palantir Technologies Inc. Class A | Add +24.6% | 0.58% | +0.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.3% | 2.58% | +0.23 |
| AXON Axon Enterprise Inc. | Add +68.9% | 0.34% | +0.20 |
| AMZN Amazon.com Inc. | Add +0.5% | 2.89% | +0.20 |
| TSLA Tesla Inc. | Add +19.4% | 0.75% | +0.20 |
| TER Teradyne Inc. | New | 0.18% | +0.18 |
| VOO Vanguard S&P 500 ETF | Add +6.5% | 2.01% | +0.17 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +54.8% | 0.31% | +0.16 |
| MELI MercadoLibre Inc. | Add +73.9% | 0.30% | +0.16 |
| NFLX Netflix Inc. | Add +31.1% | 0.37% | +0.16 |
| QBTS D-Wave Quantum Inc. | New | 0.15% | +0.15 |
| META Meta Platforms Inc. Class A | Add +0.7% | 0.89% | +0.14 |
| IONQ Ionq Inc. | New | 0.14% | +0.14 |
| COIN Coinbase Global Inc. Class A | New | 0.13% | +0.13 |
| SIL Global X Silver Miners ETF | New | 0.12% | +0.12 |
| TSM Taiwan Semiconductor-SP ADR | Add +37.7% | 0.27% | +0.12 |
| PWR Quanta Services Inc. | Add +1.0% | 0.40% | +0.11 |
| UNH Unitedhealth Group Inc. | Add +113.7% | 0.71% | +0.11 |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | Add +456.3% | 0.13% | +0.11 |
| GS Goldman Sachs Group Inc. | Add +9.5% | 0.44% | +0.11 |
| BBAI Bigbear.ai Holdings Inc. | Add +654.2% | 0.11% | +0.10 |
| ANET Arista Networks Inc. | Add +259.1% | 0.13% | +0.10 |
| OKLO Oklo Inc. | New | 0.09% | +0.09 |
| DJUN FT Vest US Equity Deep Buffe | New | 0.09% | +0.09 |
| DMAY FT Vest US Equity Deep Buffe | New | 0.08% | +0.08 |
| DIS The Walt Disney Co. | Add +23.4% | 0.27% | +0.08 |
| GDX Vaneck Gold Miners ETF | Add +142.7% | 0.13% | +0.08 |
| RACE Ferrari NV | Add +128.6% | 0.13% | +0.08 |
| XLK SS Technology Select Sector | Add +0.4% | 0.64% | +0.08 |
| IQV Iqvia Holdings Inc. | Add +82.5% | 0.23% | +0.08 |
| XYZ Block Inc. | Add +14.8% | 0.31% | +0.08 |
| CRNC Cerence Inc. | Add +169.2% | 0.11% | +0.08 |
| AGG iShares Core U.S. Aggregate | Add +24.5% | 0.56% | +0.08 |
| GEV GE Vernova Inc. | Add +4.5% | 0.18% | +0.07 |
| SMH Vaneck Semiconductor ETF | Add +89.6% | 0.13% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.8% | 0.84% | +0.06 |
| SOFI Sofi Technologies Inc. | Add +11.8% | 0.15% | +0.06 |
| DIA SS SPDR Dow Jones Indus Avg | Add +16.5% | 0.50% | +0.06 |
| BN Brookfield Corp. | New | 0.06% | +0.06 |
| SMCI Super Micro Computer Inc. | Add +171.6% | 0.08% | +0.06 |
| CSQ Calamos Strat TTL RTRN FND | New | 0.06% | +0.06 |
| SHOP Shopify Inc. Class A | Add +81.5% | 0.11% | +0.05 |
| DAPR FT Vest U.S. Equity Deep Buf | New | 0.05% | +0.05 |
| EOS Eaton Vance Enh Eqt Inc. II | New | 0.05% | +0.05 |
| JEPQ JPM Nasdaq Equity Premium | Add +61.2% | 0.14% | +0.05 |
Notes & Other Activity Q1 2025 → Q2 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +16.9% | 291 | $342K |
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 |