Kovack Advisors, Inc. Q4 2025 Filing

Filed February 12, 2026

Portfolio Value

$1.3T

Holdings

861

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (861 positions)

#	Stock	Shares	Value	% Portfolio
101	MCDMCDONALDS CORP	9,964	$2.4B	0.19%
102	SMHVANECK ETF TRUST	10,316	$2.4B	0.18%
103	IVWISHARES TR	29,716	$2.3B	0.18%
104	JEPQJ P MORGAN EXCHANGE TRADED F	54,612	$2.3B	0.18%
105	DISDISNEY WALT CO	25,436	$2.3B	0.18%
106	MGKVANGUARD WORLD FD	8,032	$2.3B	0.18%
107	INTCINTEL CORP	217,675	$2.3B	0.17%
108	PGPROCTER AND GAMBLE CO	25,215	$2.2B	0.17%
109	SOFISOFI TECHNOLOGIES INC	84,152	$2.2B	0.17%
110	SCHDSCHWAB STRATEGIC TR	146,094	$2.2B	0.17%
111	CGGRCAPITAL GROUP GROWTH ETF	49,869	$2.2B	0.17%
112	FDNFIRST TR EXCHANGE-TRADED FD	8,332	$2.2B	0.17%
113	OSPNONESPAN INC	166,850	$2.2B	0.17%
114	MITKMITEK SYS INC	202,700	$2.1B	0.16%
115	JPIEJ P MORGAN EXCHANGE TRADED F	51,478	$2.1B	0.16%
116	SILGLOBAL X FDS	30,778	$2.1B	0.16%
117	SOXXISHARES TR	9,181	$2.1B	0.16%
118	VSHVISHAY INTERTECHNOLOGY INC	139,575	$2.1B	0.16%
119	RSPINVESCO EXCHANGE TRADED FD T	13,212	$2.0B	0.16%
120	PFEPFIZER INC	143,951	$2.0B	0.15%
121	BACVERIZON COMMUNICATIONS INC	67,512	$2.0B	0.15%
122	BLKBLACKROCK INC	2,411	$2.0B	0.15%
123	MLMMARTIN MARIETTA MATLS INC	3,183	$2.0B	0.15%
124	IDXXIDEXX LABS INC	2,881	$2.0B	0.15%
125	XFEBFIRST TR EXCH TRADED FD III	106,895	$1.9B	0.15%
126	FTCBFIRST TR EXCHANGE-TRADED FD	90,950	$1.9B	0.15%
127	PSXPHILLIPS 66	18,998	$1.9B	0.15%
128	VGITVANGUARD SCOTTSDALE FDS	37,333	$1.9B	0.15%
129	IXNISHARES TR	18,819	$1.9B	0.14%
130	VCSHVANGUARD SCOTTSDALE FDS	24,072	$1.9B	0.14%
131	FLBLFRANKLIN TEMPLETON ETF TR	80,113	$1.8B	0.14%
132	EQWLINVESCO EXCHANGE TRADED FD T	15,434	$1.8B	0.14%
133	QUALISHARES TR	31,628	$1.8B	0.14%
134	MUMICRON TECHNOLOGY INC	13,764	$1.8B	0.14%
135	QCOMQUALCOMM INC	14,026	$1.8B	0.14%
136	BABOEING CO	10,641	$1.8B	0.14%
137	BSVVANGUARD BD INDEX FDS	24,707	$1.8B	0.14%
138	COHUCOHU INC	74,576	$1.8B	0.14%
139	IWMISHARES TR	19,748	$1.8B	0.13%
140	GNLGLOBAL NET LEASE INC	222,654	$1.7B	0.13%
141	CSCOCISCO SYS INC	31,657	$1.7B	0.13%
142	VVISA INC	10,044	$1.7B	0.13%
143	KOCOCA COLA CO	29,972	$1.7B	0.13%
144	LVLNSPDR SERIES TRUST	25,803	$1.7B	0.13%
145	HYLSFIRST TR EXCHANGE-TRADED FD	42,255	$1.7B	0.13%
146	MINTPIMCO ETF TR	16,505	$1.7B	0.13%
147	PEPPEPSICO INC	13,406	$1.6B	0.13%
148	NEENEXTERA ENERGY INC	28,189	$1.6B	0.13%
149	GDXJVANECK ETF TRUST	14,084	$1.6B	0.12%
150	CRNCCERENCE INC	148,363	$1.6B	0.12%
151	MLB1MERCADOLIBRE INC	1,074	$1.6B	0.12%
152	XLYSELECT SECTOR SPDR TR	18,794	$1.6B	0.12%
153	HFSIHARTFORD FDS EXCHANGE TRADED	47,273	$1.6B	0.12%
154	GMAYFIRST TR EXCHNG TRADED FD VI	42,488	$1.6B	0.12%
155	BNDXVANGUARD CHARLOTTE FDS	32,737	$1.5B	0.12%
156	SOXQINVESCO EXCH TRADED FD TR II	27,420	$1.5B	0.12%
157	ZVRAZEVRA THERAPEUTICS INC	175,331	$1.5B	0.12%
158	FLHYFRANKLIN TEMPLETON ETF TR	63,193	$1.5B	0.12%
159	MOALTRIA GROUP INC	39,227	$1.5B	0.12%
160	WMSADVANCED DRAIN SYS INC DEL	10,423	$1.5B	0.12%
161	BACBANK AMERICA CORP	34,756	$1.5B	0.11%
162	AQLTISHARES TR	21,216	$1.5B	0.11%
163	MAMASTERCARD INCORPORATED	4,312	$1.5B	0.11%
164	LRCXLAM RESEARCH CORP	31,020	$1.4B	0.11%
165	FENIFIDELITY COVINGTON TRUST	39,900	$1.4B	0.11%
166	IYWISHARES TR	10,620	$1.4B	0.11%
167	PPLTABRDN PLATINUM ETF TRUST	7,070	$1.4B	0.11%
168	KIOKKR INCOME OPPORTUNITIES FD	157,883	$1.4B	0.11%
169	HDVISHARES TR	14,923	$1.4B	0.11%
170	IYHISHARES TR	21,498	$1.4B	0.11%
171	FSCOFS CREDIT OPPORTUNITIES CORP	220,650	$1.4B	0.11%
172	SPHQINVESCO EXCHANGE TRADED FD T	18,108	$1.4B	0.10%
173	QQQINEOS ETF TRUST	37,938	$1.4B	0.10%
174	XLUSELECT SECTOR SPDR TR	50,021	$1.4B	0.10%
175	CSTKINVESCO ACTIVELY MANAGED EXC	35,435	$1.3B	0.10%
176	VOXVANGUARD WORLD FD	6,889	$1.3B	0.10%
177	HONHONEYWELL INTL INC	8,488	$1.3B	0.10%
178	AXPAMERICAN EXPRESS CO	4,166	$1.3B	0.10%
179	ENBENBRIDGE INC	32,594	$1.3B	0.10%
180	JPSTJ P MORGAN EXCHANGE TRADED F	43,334	$1.3B	0.10%
181	AXONAXON ENTERPRISE INC	2,383	$1.3B	0.10%
182	MRVLMARVELL TECHNOLOGY INC	16,881	$1.3B	0.10%
183	KNGZFIRST TR EXCHANGE TRADED FD	36,000	$1.3B	0.10%
184	XFEBFIRST TR EXCHNG TRADED FD VI	27,174	$1.3B	0.10%
185	STWDSTARWOOD PPTY TR INC	69,542	$1.3B	0.10%
186	ETNEATON CORP PLC	7,157	$1.3B	0.10%
187	SGOVISHARES TR	23,438	$1.3B	0.10%
188	4I1PHILIP MORRIS INTL INC	10,728	$1.3B	0.10%
189	FTSMFIRST TR EXCHANGE-TRADED FD	68,204	$1.3B	0.10%
190	DAUGFIRST TR EXCHNG TRADED FD VI	28,158	$1.3B	0.10%
191	SOSOUTHERN CO	23,214	$1.2B	0.10%
192	XLISELECT SECTOR SPDR TR	14,307	$1.2B	0.10%
193	QYLDGLOBAL X FDS	90,182	$1.2B	0.09%
194	VOEVANGUARD INDEX FDS	7,086	$1.2B	0.09%
195	GSEPFIRST TR EXCHNG TRADED FD VI	32,025	$1.2B	0.09%
196	VNQVANGUARD INDEX FDS	21,514	$1.2B	0.09%
197	IGSBISHARES TR	28,217	$1.2B	0.09%
198	BSJRINVESCO EXCH TRD SLF IDX FD	53,667	$1.2B	0.09%
199	DJUNFIRST TR EXCHNG TRADED FD VI	25,517	$1.2B	0.09%
200	WFCWELLS FARGO CO NEW	17,974	$1.2B	0.09%

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