Kovack Advisors, Inc.
- SEC CIK
- 0001728321
- Latest filing
- Jul 28, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 1,004
- +393 vs. Q3 2025
- Portfolio value
- $2.11B
- +$1.05B (+99.0%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| LTRYWSports Entertainment Gaming Global Corp | EQUITY WRT | 10,000 | $51 | <0.1% | 00.0% | Unchanged | History |
| Liberty Media Corp530715AL5 | DEB 3.750% 2/1 | 30,000 | $1.67K | <0.1% | 00.0% | Unchanged | – |
| NXLNexalin Technology, Inc. | COM | 23,325 | $13.0K | <0.1% | +13,275+132.1% | Added | History |
| QSIQuantum-Si Inc | COM CL A | 16,800 | $18.5K | <0.1% | +16,800 | New | History |
| OCGNOcugen, Inc. | COM | 17,335 | $23.4K | <0.1% | +17,335 | New | History |
| PLUGPlug Power Inc | Stock | 12,812 | $25.2K | <0.1% | +1,800+16.3% | Added | History |
| NAKNorthern Dynasty Minerals Ltd | COM NEW | 13,500 | $26.6K | <0.1% | +13,500 | New | History |
| FEMYFemasys Inc | COM | 46,800 | $27.0K | <0.1% | +46,800 | New | History |
| IBRXImmunityBio, Inc. | COM | 13,633 | $27.0K | <0.1% | +13,633 | New | History |
| AISPAirship AI Holdings, Inc. | COM | 10,800 | $31.2K | <0.1% | +10,800 | New | History |
| CIFMFS Intermediate High Income Fund | SH BEN INT | 20,073 | $34.1K | <0.1% | 00.0% | Unchanged | History |
| PZGParamount Gold Nevada Corp. | COM | 30,000 | $37.8K | <0.1% | +30,000 | New | History |
| BDNBrandywine Realty Trust | SH BEN INT NEW | 13,792 | $40.3K | <0.1% | +13,792 | New | History |
| NRGVEnergy Vault Holdings, Inc. | COM | 10,700 | $49.3K | <0.1% | +10,700 | New | History |
| VGZVista Gold Corp | COM NEW | 25,500 | $50.2K | <0.1% | +25,500 | New | History |
| FOCLEdap TMS SA | SPONSORED ADR | 16,000 | $52.6K | <0.1% | +16,000 | New | History |
| SJTSan Juan Basin Royalty Trust | UNIT BEN INT | 10,500 | $59.0K | <0.1% | −4,500−30.0% | Reduced | History |
| IGRCbre Global Real Estate Income Fund | COM | 15,115 | $66.2K | <0.1% | +15,115 | New | History |
| HUMAHumacyte, Inc. | COM | 72,600 | $69.7K | <0.1% | +72,600 | New | History |
| BGYBlackRock Enhanced International Dividend Trust | COM BENE INTER | 12,042 | $70.8K | <0.1% | +12,042 | New | History |
| BFLYButterfly Network, Inc. | COM CL A | 19,000 | $72.2K | <0.1% | +19,000 | New | History |
| NOKNokia Corp | SPONSORED ADR | 11,635 | $75.3K | <0.1% | +11,635 | New | History |
| MPTMedical Properties Trust Inc | COM | 15,150 | $75.8K | <0.1% | −540−3.4% | Reduced | History |
| BRSPBrightSpire Capital, Inc. | COM CL A | 13,774 | $77.1K | <0.1% | −1,453−9.5% | Reduced | History |
| EDFVirtus Stone Harbor Emerging Markets Income Fund | COM | 15,554 | $77.3K | <0.1% | +15,554 | New | History |
| EODAllspring Global Dividend Opportunity Fund | COM | 13,958 | $81.4K | <0.1% | +3,080+28.3% | Added | History |
| ACHRArcher Aviation Inc. | Stock | 11,710 | $88.1K | <0.1% | +11,710 | New | History |
| PCFHigh Income Securities Fund | SHS BEN INT | 14,780 | $90.9K | <0.1% | +14,780 | New | History |
| VGIVirtus Global Multi-Sector Income Fund | COM | 12,024 | $94.3K | <0.1% | +12,024 | New | History |
| LANDGladstone Land Corp | COM | 11,170 | $102.2K | <0.1% | −7,478−40.1% | Reduced | History |
| HIXWestern Asset High Income Fund II Inc. | COM | 25,502 | $106.1K | <0.1% | +650+2.6% | Added | History |
| GGTGabelli Multimedia Trust Inc. | COM | 27,912 | $117.2K | <0.1% | +27,912 | New | History |
| BTXBlackRock Technology & Private Equity Term Trust | SHS BEN INT | 18,809 | $124.0K | <0.1% | +18,809 | New | History |
| CCIFCarlyle Credit Income Fund | SHS BEN INT | 26,902 | $126.2K | <0.1% | +26,902 | New | History |
| XXITwenty One Capital, Inc. | COM SHS CL A | 14,445 | $126.5K | <0.1% | +14,445 | New | History |
| ALTAltimmune, Inc. | COM NEW | 35,215 | $127.1K | <0.1% | +35,215 | New | History |
| RCSPIMCO Strategic Income Fund, Inc. | CEF | 23,566 | $131.3K | <0.1% | −1,097−4.4% | Reduced | History |
| NMTNuveen Massachusetts Quality Municipal Income Fund | COM | 11,622 | $131.7K | <0.1% | +11,622 | New | History |
| PSKYParamount Skydance Corp | COM CL B | 10,037 | $134.5K | <0.1% | +10,037 | New | History |
| CHICalamos Convertible Opportunities & Income Fund | SH BEN INT | 12,999 | $136.2K | <0.1% | +852+7.0% | Added | History |
| ETJEaton Vance Risk-Managed Diversified Equity Income Fund | COM | 16,052 | $141.6K | <0.1% | +16,052 | New | History |
| BBDCBarings BDC, Inc. | COM | 15,519 | $142.5K | <0.1% | 00.0% | Unchanged | History |
| VanEck ETF Trust92189F411 | BDC INCOME ETF | 10,206 | $144.7K | <0.1% | +10,206 | New | – |
| OBDCBlue Owl Capital Corp | COM | 11,691 | $145.3K | <0.1% | +11,691 | New | History |
| GRABGrab Holdings Ltd | CLASS A ORD | 30,795 | $153.7K | <0.1% | −29,675−49.1% | Reduced | History |
| Global X FDS37954Y806 | ALTERNATIVE INCM | 12,988 | $154.9K | <0.1% | −2,600−16.7% | Reduced | – |
| Invesco Exch Traded FD Tr II46138E511 | PFD ETF | 14,697 | $165.2K | <0.1% | +14,697 | New | – |
| Graniteshares ETF Tr38747R306 | HIPS US HIGH INC | 14,651 | $171.1K | <0.1% | +754+5.4% | Added | – |
| SANBanco Santander, S.A. | ADR | 15,278 | $179.2K | <0.1% | +5,254+52.4% | Added | History |
| BTQBTQ Technologies Corp. | COM | 35,190 | $180.2K | <0.1% | +35,190 | New | History |
| CXMSprinklr, Inc. | CL A | 23,808 | $185.2K | <0.1% | 00.0% | Unchanged | History |
| FTFFranklin Ltd Duration Income Trust | COM | 30,465 | $187.4K | <0.1% | +19,940+189.5% | Added | History |
| IDEVoya Infrastructure, Industrials & Materials Fund | COM | 15,383 | $189.2K | <0.1% | +15,383 | New | History |
| RABrookfield Real Assets Income Fund Inc. | SHS BEN INT | 14,696 | $190.5K | <0.1% | +14,696 | New | History |
| VanEck ETF Trust92189F429 | PREFERRED SECURT | 10,797 | $190.7K | <0.1% | 00.0% | Unchanged | – |
| JGHNuveen Global High Income Fund | SHS | 15,130 | $190.8K | <0.1% | +15,130 | New | History |
| ACPabrdn Income Credit Strategies Fund | COM | 35,833 | $193.9K | <0.1% | +35,833 | New | History |
| APLEApple Hospitality REIT, Inc. | REIT | 16,388 | $194.2K | <0.1% | +16,388 | New | History |
| Tidal ETF Tr II88634T535 | NICHOLAS FIXED | 10,984 | $197.4K | <0.1% | +10,984 | New | – |
| BHKBlackRock Core Bond Trust | SHS BEN INT | 20,725 | $198.8K | <0.1% | +50.0% | Added | History |
| BOEBlackRock Enhanced Global Dividend Trust | COM | 17,067 | $199.9K | <0.1% | +17,067 | New | History |
| Capital Group Dividend Growe14021L109 | SHS ETF | 5,612 | $200.0K | <0.1% | +5,612 | New | – |
| iShares Tr46432F388 | MSCI USA VALUE | 1,466 | $200.4K | <0.1% | +1,466 | New | – |
| iShares Russell Mid-Cap Value ETF464287473 | ETF | 1,421 | $200.5K | <0.1% | +1,421 | New | – |
| VTRVentas, Inc. | REIT | 2,600 | $201.2K | <0.1% | +2,600 | New | History |
| iShares U S ETF Tr46431W838 | SHOR MAT MUN ETF | 4,001 | $201.3K | <0.1% | +4,001 | New | – |
| CLXClorox Co | Stock | 1,997 | $201.4K | <0.1% | +1,997 | New | History |
| NVONovo Nordisk A S | ADR | 3,962 | $201.6K | <0.1% | −147−3.6% | Reduced | History |
| MCIBarings Corporate Investors | COM | 11,120 | $201.8K | <0.1% | +11,120 | New | History |
| ETF Ser Solutions26922A289 | DEFIANCE CONNECT | 3,164 | $202.0K | <0.1% | +3,164 | New | – |
| DTEDte Energy Co | COM | 1,567 | $202.1K | <0.1% | +1,567 | New | History |
| LUMNLumen Technologies, Inc. | Stock | 26,181 | $203.4K | <0.1% | +26,181 | New | History |
| iShares Tr46429B655 | FLTG RATE NT ETF | 4,008 | $203.8K | <0.1% | +61+1.5% | Added | – |
| PRUPrudential Financial Inc | Stock | 1,809 | $204.2K | <0.1% | +1,809 | New | History |
| NCNacco Industries Inc | CL A | 4,167 | $204.4K | <0.1% | +4,167 | New | History |
| First Tr Exchng Traded FD VI33740F144 | FT VEST US EQUIT | 5,753 | $204.6K | <0.1% | +5,753 | New | – |
| JDJD.com, Inc. | SPON ADS CL A | 7,134 | $204.7K | <0.1% | +7,134 | New | History |
| First Tr Exchange-Traded Alp33734K109 | COM SHS | 1,738 | $206.2K | <0.1% | +1,738 | New | – |
| PHMPultegroup Inc | COM | 1,760 | $206.3K | <0.1% | +1,760 | New | History |
| AWFAlliancebernstein Global High Income Fund Inc | COM | 19,313 | $206.5K | <0.1% | +7,402+62.1% | Added | History |
| Innovator ETFs Trust45782C425 | US EQT ULTRA BFR | 5,626 | $206.9K | <0.1% | +5,626 | New | – |
| IRTCiRhythm Holdings, Inc. | COM | 1,171 | $207.8K | <0.1% | +1,171 | New | History |
| COKECoca-Cola Consolidated, Inc. | COM | 1,359 | $208.3K | <0.1% | +1,359 | New | History |
| BKNGBooking Holdings Inc. | Stock | 39 | $208.6K | <0.1% | +39 | New | History |
| MEDPMedpace Holdings, Inc. | COM | 373 | $209.5K | <0.1% | +373 | New | History |
| Fidelity Covington Trust316092204 | MSCI CONSM DIS | 2,057 | $210.2K | <0.1% | +2,057 | New | – |
| ELVElevance Health, Inc. | Stock | 600 | $210.4K | <0.1% | +600 | New | History |
| WisdomTree Tr97717X669 | US QTLY DIV GRT | 2,356 | $210.7K | <0.1% | +2,356 | New | – |
| HQHabrdn Healthcare Investors | SH BEN INT | 11,130 | $210.8K | <0.1% | +11,130 | New | History |
| Schwab Strategic Tr808524698 | 5 10YR CORP BD | 9,182 | $210.9K | <0.1% | +353+4.0% | Added | – |
| SPDR Series Trust78464A284 | ST NUVE HIGH ETF | 8,460 | $211.0K | <0.1% | 00.0% | Unchanged | – |
| FNBFNB Corp | COM | 12,346 | $211.1K | <0.1% | +51+0.4% | Added | History |
| iShares Core S&P US Value ETF464287663 | ETF | 2,061 | $211.4K | <0.1% | +2,061 | New | – |
| SMCISuper Micro Computer, Inc. | Stock | 7,223 | $211.4K | <0.1% | −13,632−65.4% | Reduced | History |
| Tidal Trust I886364231 | FUND GRAN US ETF | 8,619 | $213.4K | <0.1% | +8,619 | New | – |
| RFRegions Financial Corp | COM | 7,882 | $213.6K | <0.1% | +7,882 | New | History |
| DOWDow Inc. | Stock | 9,143 | $213.8K | <0.1% | +9,143 | New | History |
| TSNTyson Foods, Inc. | Stock | 3,649 | $213.9K | <0.1% | +3,649 | New | History |
| TPLTexas Pacific Land Corp | Stock | 748 | $214.8K | <0.1% | +748 | New | History |
| SPDR Index Shs FDS78463X533 | ST MAR DIVID ETF | 5,501 | $215.4K | <0.1% | +42+0.8% | Added | – |
Options (9)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
| Security | Class | Puts | Calls |
|---|---|---|---|
| METAMeta Platforms, Inc. | Stock | – | $13.2M |
| MSFTMicrosoft Corp | Stock | $9.67M | – |
| TSLATesla, Inc. | Stock | – | $8.99M |
| Schwab U.S. Large-Cap Growth ETF808524300 | ETF | $3.26M | – |
| SPYSPDR S&P 500 ETF Trust | ETF | $1.70M | – |
| CMGChipotle Mexican Grill Inc | COM | – | $740.0K |
| VanEck Semiconductor ETF92189F676 | ETF | $540.2K | – |
| IONQIonQ, Inc. | COM | – | $448.7K |
| NVDANVIDIA Corp | Stock | – | $186.5K |
Sold out since Q3 2025 (19)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| ProShares Tr74347B235 | PSHS SHORT DOW30 | 30,950 | $753.3K | 0.1% | – |
| Invesco Exch TRD SLF Idx FD46138J817 | BULSHS 2025 HY | 28,024 | $646.2K | 0.1% | – |
| Invesco Exch TRD SLF Idx FD46138J825 | BULSHS 2025 CB | 24,869 | $514.5K | <0.1% | – |
| KKellanova | Stock | 4,374 | $358.8K | <0.1% | History |
| Invesco Exchange Traded FD T46137V597 | RAFI US 1500 | 6,898 | $313.3K | <0.1% | – |
| WGSGeneDx Holdings Corp. | COM CL A | 2,868 | $309.0K | <0.1% | History |
| First Tr Exchange-Traded FD33733E401 | NASDAQ 100 EX | 2,976 | $294.4K | <0.1% | – |
| VPGVishay Precision Group, Inc. | COM | 7,751 | $248.4K | <0.1% | History |
| TEAFTortoise Sustainable & Social Impact Term Fund | Closed-End Fund | 20,670 | $243.1K | <0.1% | History |
| RBB FD Inc74933W452 | F/M US TREASURY | 4,586 | $229.3K | <0.1% | – |
| OGEOGE Energy Corp. | COM | 4,629 | $214.2K | <0.1% | History |
| BWABorgwarner Inc | COM | 4,842 | $212.9K | <0.1% | History |
| POOLPool Corp | COM | 681 | $211.2K | <0.1% | History |
| ULUnilever PLC | SPON ADR NEW | 3,553 | $210.6K | <0.1% | History |
| AVDLAvadel Pharmaceuticals PLC | Stock | 12,500 | $190.9K | <0.1% | History |
| VFCV F Corp | Stock | 10,470 | $151.1K | <0.1% | History |
| PHDPioneer Floating Rate Fund, Inc. | COM | 10,000 | $99.6K | <0.1% | History |
| AVXLAnavex Life Sciences Corp. | COM NEW | 10,050 | $89.4K | <0.1% | History |
| OPKOpko Health, Inc. | COM | 15,000 | $23.3K | <0.1% | History |