Kovack Advisors, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Kovack Advisors, Inc. reported 1,001 stock positions worth $2.1 billion. Its top holding was Nvidia (NVDA) at 5.2% of the portfolio, followed by Apple (AAPL, 3.7%) and Amazon.com (AMZN, 3.0%). Compared with Q3 2025, it opened 409 new positions, sold out of 18, added to 515 and reduced 60. The biggest buy was iShares Silver Trust (SLV, shares +939%) and the biggest sale Schwab US Large-Cap Growth (SCHG, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- FT. LAUDERDALE, FL
- CIK
- 0001728321
- Portfolio Value
- $2.1B (Q4 2025)
- SEC Filing
- 0001728321-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 1,001 stocks · $2.1B
| NVDA Nvidia Corp. | 5.17% | 582,138 | $108.6M | Add +77.7% |
| AAPL Apple Inc. | 3.67% | 283,444 | $77.1M | Add +81.8% |
| AMZN Amazon.com Inc. | 3.00% | 272,439 | $62.9M | Add +124.9% |
| IVV iShares Core S&P 500 ETF | 2.91% | 89,095 | $61.0M | Add +134.3% |
| MSFT Microsoft Corp. | 2.32% | 100,847 | $48.8M | Add +95.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.25% | 69,372 | $47.3M | Add +70.2% |
| SPMO Invesco S&P 500 Momentum ETF | 1.63% | 286,374 | $34.2M | Add +20.4% |
| SLV iShares Silver Trust | 1.62% | 526,656 | $33.9M | Add +938.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.61% | 54,997 | $33.8M | Add +31.9% |
| GOOGL Alphabet Inc. Class A | 1.49% | 99,974 | $31.3M | Add +50.3% |
| TSLA Tesla Inc. | 1.43% | 66,566 | $29.9M | Add +166.3% |
| AVGO Broadcom Inc. | 1.32% | 80,160 | $27.7M | Add +100.8% |
| VOO Vanguard S&P 500 ETF | 1.29% | 43,102 | $27.0M | Add +23.7% |
| META Meta Platforms Inc. Class A | 0.87% | 27,696 | $18.3M | Add +142.3% |
| GOOG Alphabet Inc. Class C | 0.87% | 57,958 | $18.2M | Add +95.0% |
| PLTR Palantir Technologies Inc. Class A | 0.80% | 94,788 | $16.8M | Add +128.4% |
| SCHG Schwab US Large-Cap Growth | 0.77% | 495,974 | $16.2M | Reduce -3.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.74% | 30,888 | $15.5M | Add +29.8% |
| IDMO Invesco S&P International DE | 0.73% | 276,561 | $15.4M | Reduce -2.5% |
| JPM JPMorgan Chase & Co. | 0.64% | 41,382 | $13.3M | Add +50.5% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.63% | 385,809 | $13.2M | Add +347.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.58% | 36,600 | $12.3M | Add +48.0% |
| ITOT iShares Core S&P Total U.S. | 0.56% | 78,429 | $11.7M | Add +969.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.55% | 60,969 | $11.6M | Add +55.8% |
| XLK SS Technology Select Sector | 0.55% | 79,836 | $11.5M | Add +64.6% |
| VIG Vanguard Dividend Apprec ETF | 0.53% | 50,912 | $11.2M | Add +140.7% |
| GLD SPDR Gold Shares | 0.53% | 28,071 | $11.1M | Add +140.7% |
| HD Home Depot Inc. | 0.53% | 32,221 | $11.1M | Add +133.7% |
| VST Vistra Corp. | 0.52% | 67,280 | $10.9M | Add +4.1% |
| PANW Palo Alto Networks Inc. | 0.51% | 58,398 | $10.8M | Add +14.4% |
| RDVY First Trust Rising Dividend | 0.50% | 150,528 | $10.5M | Add +33.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.49% | 21,184 | $10.3M | Add +39.7% |
| IBOC International Bancshares CRP | 0.48% | 150,593 | $10.0M | Add +10.6% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.47% | 228,176 | $10.0M | Add +234.2% |
| RTX RTX Corp. | 0.47% | 53,844 | $9.9M | Add +50.9% |
| QQQM Invesco Nasdaq 100 ETF | 0.47% | 38,940 | $9.8M | Add +1472.1% |
| SCHF Schwab Intl Equity ETF | 0.46% | 405,792 | $9.8M | New |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.45% | 153,754 | $9.3M | Add +2568.4% |
| PULS Pgim Ultra Short Bond ETF | 0.44% | 187,629 | $9.3M | Add +2266.4% |
| VRT Vertiv Holdings Co. Class A | 0.43% | 56,225 | $9.1M | Add +13.6% |
| JAZZ Jazz Pharmaceuticals PLC | 0.43% | 53,485 | $9.1M | Reduce -1.4% |
| CVX Chevron Corp. | 0.42% | 58,434 | $8.9M | Add +34.0% |
| WMT Walmart Inc. | 0.42% | 79,717 | $8.9M | Add +119.3% |
| UNH Unitedhealth Group Inc. | 0.42% | 26,812 | $8.9M | Add +29.9% |
| NOW ServiceNow Inc. | 0.42% | 57,597 | $8.8M | Add +173.9% |
| GS Goldman Sachs Group Inc. | 0.42% | 10,006 | $8.8M | Add +56.0% |
| FDVV Fidelity High Dividend ETF | 0.41% | 153,422 | $8.7M | Add +0.2% |
| XOM Exxon Mobil Corp. | 0.41% | 72,057 | $8.7M | Add +105.7% |
| XMMO Invesco S&P Midcap Momentum | 0.41% | 62,045 | $8.6M | Add +6.1% |
| SHOP Shopify Inc. Class A | 0.40% | 52,668 | $8.5M | Add +311.4% |
| SILJ Amplify Junior Silver Miners | 0.40% | 302,419 | $8.4M | New |
| PSLV Sprott Physical Silver Trust | 0.39% | 346,609 | $8.2M | Add +1.2% |
| INTC Intel Corp. | 0.38% | 217,676 | $8.0M | Add +238.5% |
| LLY Eli Lilly & Co. | 0.38% | 7,389 | $7.9M | Add +90.3% |
| URI United Rentals Inc. | 0.38% | 9,763 | $7.9M | Add +14.2% |
| AGG iShares Core U.S. Aggregate | 0.36% | 76,515 | $7.6M | Add +24.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.36% | 16,002 | $7.5M | Add +175.6% |
| JNJ Johnson & Johnson | 0.36% | 36,126 | $7.5M | Add +40.8% |
| SLVP iShares MSCI Global Silver A | 0.35% | 215,312 | $7.4M | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.35% | 15,271 | $7.3M | Add +42.4% |
| XLF SS Financial Select Sector | 0.34% | 130,739 | $7.2M | Add +94.0% |
| ABBV Abbvie Inc. | 0.34% | 30,879 | $7.1M | Add +157.7% |
| COWZ Pacer US Cash Cows 100 ETF | 0.33% | 114,865 | $6.9M | Add +2951.7% |
| COST Costco Wholesale Corp. | 0.32% | 7,884 | $6.8M | Add +183.9% |
| PPA Invesco Aerospace & Defense | 0.32% | 43,083 | $6.7M | Add +964.8% |
| IAU iShares Gold Trust | 0.32% | 82,620 | $6.7M | Add +1024.1% |
| ADTN Adtran Holdings Inc. | 0.31% | 753,550 | $6.5M | Add +6.5% |
| AMD Advanced Micro Devices | 0.31% | 30,168 | $6.5M | Add +37.2% |
| VEA Vanguard Ftse Developed ETF | 0.30% | 102,463 | $6.4M | Add +95.2% |
| TER Teradyne Inc. | 0.30% | 32,669 | $6.3M | Add +0.1% |
| HEQT Simplify Hedged Equity ETF | 0.30% | 196,507 | $6.3M | New |
| FVD First Trust Value Line DVD | 0.30% | 136,387 | $6.3M | Add +24.2% |
| QUAL iShares MSCI USA Quality Fac | 0.30% | 31,630 | $6.3M | Add +445.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 19,709 | $6.0M | Add +71.6% |
| ORCL Oracle Corp. | 0.28% | 30,052 | $5.9M | Add +156.3% |
| IWY iShares Russell Top 200 Grow | 0.25% | 19,180 | $5.3M | New |
| LRCX Lam Research Corp. | 0.25% | 31,022 | $5.3M | Add +352.6% |
| FTLS First Trust Long/Short Eqty | 0.25% | 73,172 | $5.2M | New |
| NFLX Netflix Inc. | 0.24% | 53,482 | $5.0M | Add +103.4% |
| MSTR Strategy Inc. | 0.24% | 32,890 | $5.0M | Add +4779.8% |
| IWM iShares Russell 2000 ETF | 0.23% | 19,745 | $4.9M | Add +586.3% |
| PWR Quanta Services Inc. | 0.23% | 11,392 | $4.8M | Add +3.6% |
| NOBL Proshares S&P 500 Dividend A | 0.23% | 46,046 | $4.8M | Add +0.7% |
| GDX Vaneck Gold Miners ETF | 0.23% | 55,750 | $4.8M | Add +99.8% |
| RKLB Rocket Lab Corp. | 0.23% | 68,057 | $4.7M | New |
| CRM Salesforce Inc. | 0.22% | 17,420 | $4.6M | Add +40.9% |
| XLV SS Health Care Select Sector | 0.22% | 29,711 | $4.6M | Add +67.0% |
| FTSL First Trust Senior Loan ETF | 0.21% | 96,182 | $4.4M | Add +7.6% |
| FSK FS KKR Capital Corp. | 0.21% | 294,468 | $4.4M | Add +42.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.20% | 47,080 | $4.3M | Add +1027.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.20% | 14,291 | $4.1M | Add +669.6% |
| XLE SS Energy Select Sector | 0.20% | 92,136 | $4.1M | Add +48.6% |
| GE General Electric filed as GE AEROSPACE | 0.20% | 13,322 | $4.1M | Add +50.0% |
| FTSM First Trust Enh Short Mat FD | 0.19% | 68,205 | $4.1M | Add +265.5% |
| T AT&T Inc. | 0.19% | 163,711 | $4.1M | Add +66.1% |
| PYPL PayPal Holdings Inc. | 0.19% | 69,118 | $4.0M | Add +997.6% |
| SCHD Schwab US DVD Equity ETF | 0.19% | 146,092 | $4.0M | Add +119.0% |
| CAT Caterpillar Inc. | 0.19% | 6,988 | $4.0M | Add +65.9% |
| MU Micron Technology Inc. | 0.19% | 13,763 | $3.9M | Add +132.7% |
| HYGH iShares Int Rate Hedg HY ETF | 0.19% | 45,164 | $3.9M | Reduce -51.4% |
Options reported separately and not counted above: META calls ($13.2M), MSFT puts ($9.7M), TSLA calls ($9.0M), SCHG puts ($3.3M), SPY puts ($1.7M), CMG calls ($740K), SMH puts ($540K), IONQ calls ($449K), NVDA calls ($187K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $14.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 182,079 | $14.3M | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 308 | $373K | Add +22.2% |
| LTRYW Sports Entertainment-CW21 | *W EXP 10/15/202 | 10,000 | $51 | No change |
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q3 2025 → Q4 2025
| SCHG Schwab US Large-Cap Growth | Reduce -3.1% | 0.77% | −0.77 |
| IDMO Invesco S&P International DE | Reduce -2.5% | 0.73% | −0.71 |
| HYGH iShares Int Rate Hedg HY ETF | Reduce -51.4% | 0.19% | −0.57 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -1.4% | 0.43% | −0.24 |
| RACE Ferrari NV | Reduce -79.3% | 0.01% | −0.14 |
| IWB iShares Russell 1000 ETF | Reduce -3.1% | 0.13% | −0.13 |
| ARAY Accuray Inc. | Reduce -7.1% | 0.04% | −0.12 |
| CWS Advisorshares Equity Focused | Reduce -81.6% | 0.01% | −0.12 |
| SOFI Sofi Technologies Inc. | Reduce -6.2% | 0.10% | −0.12 |
| AXON Axon Enterprise Inc. | Reduce -6.4% | 0.06% | −0.11 |
| BBAI Bigbear.ai Holdings Inc. | Reduce -47.6% | 0.03% | −0.11 |
| VIAV Viavi Solutions Inc. | Reduce -25.1% | 0.12% | −0.10 |
| IQV Iqvia Holdings Inc. | Reduce -0.1% | 0.15% | −0.10 |
| GNL Global Net Lease Inc. | Reduce -5.3% | 0.09% | −0.09 |
| XJQCX Nuveen Credit Strategies Inc. | Reduce -74.3% | 0.01% | −0.08 |
| SMCI Super Micro Computer Inc. | Reduce -65.4% | 0.01% | −0.08 |
| QBTS D-Wave Quantum Inc. | Reduce -21.4% | 0.06% | −0.08 |
| PSEC Prospect Capital Corp. | Reduce -16.1% | 0.05% | −0.07 |
| STRL Sterling Infrastructure Inc. | Reduce -3.1% | 0.06% | −0.07 |
| DOG Proshares Short DOW30 | Sold out | 0.00% | −0.07 |
| PHDG Invesco S&P 500 Downside Hed | Reduce -6.3% | 0.06% | −0.07 |
| DLR Digital Realty Trust Inc. | Reduce -4.7% | 0.05% | −0.07 |
| COHU Cohu Inc. | Reduce -3.9% | 0.08% | −0.07 |
| SH Proshares Short S&P500 | Reduce -24.9% | 0.04% | −0.06 |
| OKE Oneok Inc. | Reduce -11.2% | 0.05% | −0.06 |
| BSJP Invesco Bulletshares 2025 HY | Sold out | 0.00% | −0.06 |
| GLAD Gladstone Capital Corp. | Reduce -40.7% | 0.02% | −0.06 |
| SOXQ Invesco PHLX Semiconductor | Reduce -2.4% | 0.07% | −0.06 |
| ADBE Adobe Inc. | Reduce -3.5% | 0.05% | −0.06 |
| MET Metlife Inc. | Reduce -1.5% | 0.05% | −0.05 |
| SCHV Schwab US Large-Cap Value | Reduce -7.8% | 0.05% | −0.05 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.05 |
| EGY Vaalco Energy Inc. | Reduce -12.9% | 0.03% | −0.05 |
| SKYY First Trust Cloud Computing | Reduce -19.0% | 0.02% | −0.04 |
| K Kellanova | Sold out | 0.00% | −0.03 |
| PLAB Photronics Inc. | Reduce -26.5% | 0.03% | −0.03 |
| GMAR FT Vest US Equity Moderate B | Reduce -3.0% | 0.03% | −0.03 |
| SYM Symbotic Inc. | Reduce -44.1% | 0.01% | −0.03 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | Sold out | 0.00% | −0.03 |
| WGS Genedx Holdings Corp. | Sold out | 0.00% | −0.03 |
| NYXH Nyxoah SA | Reduce -35.3% | 0.01% | −0.03 |
| QQXT First Trust Nasdaq-100 Ex-Te | Sold out | 0.00% | −0.03 |
| FLIN Franklin Ftse India ETF | Reduce -2.9% | 0.03% | −0.03 |
| GRAB Grab Holdings Ltd. Class A | Reduce -49.1% | 0.01% | −0.03 |
| TBUX T Rowe Price Ultra Short-Ter | Reduce -2.5% | 0.02% | −0.03 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -1.1% | 0.02% | −0.02 |
| PSQ Proshares Short QQQ | Reduce -28.6% | 0.01% | −0.02 |
| VPG Vishay Precision Group | Sold out | 0.00% | −0.02 |
| XTEAX Tortoise Sust&social Imp Ter | Sold out | 0.00% | −0.02 |
| GSLC Goldman Activebeta US LC ETF | Reduce -8.8% | 0.02% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| SLV iShares Silver Trust | Add +938.9% | 1.62% | +1.41 |
| IVV iShares Core S&P 500 ETF | Add +134.3% | 2.91% | +0.51 |
| AMZN Amazon.com Inc. | Add +124.9% | 3.00% | +0.49 |
| SCHF Schwab Intl Equity ETF | New | 0.46% | +0.46 |
| ITOT iShares Core S&P Total U.S. | Add +969.5% | 0.56% | +0.46 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +2568.4% | 0.45% | +0.41 |
| QQQM Invesco Nasdaq 100 ETF | Add +1472.1% | 0.47% | +0.41 |
| PULS Pgim Ultra Short Bond ETF | Add +2266.4% | 0.44% | +0.41 |
| SILJ Amplify Junior Silver Miners | New | 0.40% | +0.40 |
| TSLA Tesla Inc. | Add +166.3% | 1.43% | +0.38 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +347.6% | 0.63% | +0.36 |
| SLVP iShares MSCI Global Silver A | New | 0.35% | +0.35 |
| COWZ Pacer US Cash Cows 100 ETF | Add +2951.7% | 0.33% | +0.31 |
| HEQT Simplify Hedged Equity ETF | New | 0.30% | +0.30 |
| IAU iShares Gold Trust | Add +1024.1% | 0.32% | +0.27 |
| PPA Invesco Aerospace & Defense | Add +964.8% | 0.32% | +0.26 |
| IWY iShares Russell Top 200 Grow | New | 0.25% | +0.25 |
| FTLS First Trust Long/Short Eqty | New | 0.25% | +0.25 |
| RKLB Rocket Lab Corp. | New | 0.23% | +0.23 |
| SHOP Shopify Inc. Class A | Add +311.4% | 0.40% | +0.22 |
| MSTR Strategy Inc. | Add +4779.8% | 0.24% | +0.22 |
| CGDV Cap Group Dividend Value | Add +234.2% | 0.47% | +0.20 |
| QUAL iShares MSCI USA Quality Fac | Add +445.5% | 0.30% | +0.19 |
| GOOG Alphabet Inc. Class C | Add +95.0% | 0.87% | +0.18 |
| INTC Intel Corp. | Add +238.5% | 0.38% | +0.18 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +1027.7% | 0.20% | +0.17 |
| LRCX Lam Research Corp. | Add +352.6% | 0.25% | +0.17 |
| IWM iShares Russell 2000 ETF | Add +586.3% | 0.23% | +0.17 |
| CCI Crown Castle Inc. | New | 0.16% | +0.16 |
| SPGP Invesco S&P 500 Garp ETF | New | 0.16% | +0.16 |
| PYPL PayPal Holdings Inc. | Add +997.6% | 0.19% | +0.15 |
| FIXD First Trust Smith Opportunis | New | 0.15% | +0.15 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +669.6% | 0.20% | +0.15 |
| GLD SPDR Gold Shares | Add +140.7% | 0.53% | +0.14 |
| NEAR iShares SH Dba ETF Usd Inc. | Add +1097.5% | 0.16% | +0.13 |
| CRK Comstock Resources Inc. | New | 0.13% | +0.13 |
| ALB Albemarle Corp. | New | 0.13% | +0.13 |
| SWK Stanley Black & Decker Inc. | New | 0.12% | +0.12 |
| NOV Nov Inc. | New | 0.12% | +0.12 |
| CEG Constellation Energy | Add +912.0% | 0.15% | +0.12 |
| NBIS Nebius Group NV | New | 0.12% | +0.12 |
| COWG Pacer US LRG Cap Cows GR LD | New | 0.12% | +0.12 |
| DGRO iShares Core Dividend Growth | New | 0.12% | +0.12 |
| AAP Advance Auto Parts Inc. | New | 0.12% | +0.12 |
| GBIL Goldman Sachs Access Treasur | New | 0.12% | +0.12 |
| SMH Vaneck Semiconductor ETF | Add +409.2% | 0.18% | +0.11 |
| O Realty Income Corp. | New | 0.11% | +0.11 |
| GILD Gilead Sciences Inc. | Add +572.9% | 0.15% | +0.11 |
| SNOW Snowflake Inc. | Add +1241.4% | 0.13% | +0.11 |
| VIG Vanguard Dividend Apprec ETF | Add +140.7% | 0.53% | +0.10 |
Options Activity Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | call | New | 20,000 | $13.2M |
| MSFT Microsoft Corp. | put | New | 20,000 | $9.7M |
| TSLA Tesla Inc. | call | New | 20,000 | $9.0M |
| SCHG Schwab US Large-Cap Growth | put | New | 100,000 | $3.3M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 2,500 | $1.7M |
| CMG Chipotle Mexican Grill Inc. | call | New | 20,000 | $740K |
| SMH Vaneck Semiconductor ETF | put | New | 1,500 | $540K |
| IONQ Ionq Inc. | call | New | 10,000 | $449K |
| NVDA Nvidia Corp. | call | New | 1,000 | $187K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 182,079 | $14.3M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +22.2% | 308 | $373K |
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 |