Kovack Advisors, Inc.

Q4 2025 13F-HR/A Holdings

Location
Ft. Lauderdale, FL
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR/A - RESTATEMENT
Num holdings
1,013
Total value ($000)
$2,151,892
Net value change ($000)
+1,089,868 (102.6%)
New positions
413
Sold out positions
20
Turnover %
14.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/10/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NVDA 47,450 77.6%
AAPL 37,362 94.1%
AMZN 36,281 136.4%
IVV 35,572 139.8%
SLV 31,779 1479.5%
MSFT 22,053 82.5%
SPY 20,156 74.2%
TSLA 18,820 169.3%
GOOGL 15,121 93.5%
AVGO 14,576 110.7%
Top Reduces (Value $000, Stocks/ETFs)
HYGH -4,177 -51.8%
VST -1,808 -14.3%
RACE -1,354 -84.2%
CWS -1,131 -81.5%
ARAY -927 -54.1%
BBAI -820 -56.6%
SMCI -789 -78.9%
JQC -770 -75.5%
DOG -753 -100.0%
FISV -715 -46.8%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 38,751 (1.8% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type