Kovack Advisors, Inc.

RIA/Wealth

Kovack Advisors, Inc. is a RIA/Wealth based in Ft. Lauderdale, FL led by Melinda Sue Wolfe, reporting $5.5B in AUM as of Q3 2025 with 42% ETF concentration.

PresidentMelinda Sue Wolfe

Portfolio Value: $1.1B
Positions: 608
Top Holding: NVDA at 5.76%
Last Reported: Q3 2025

Address6451 N. Federal Hwy, Suite 1201, Ft. Lauderdale, FL, 33308, United States

Top Holdings

Largest long holdings in Kovack Advisors, Inc.'s portfolio (28.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Nvidia NVDA	Semiconductors Technology	$61.1M	5.76%	-$2.7M Sold	0.00% 327.6K shares	Q1 2016 Held for 9y 8m
2 Apple AAPL	Consumer Electronics Technology	$39.7M	3.74%	-$4.4M Sold	0.00% 155.9K shares	Q4 2022 Held for 2y 11m
3 Invesco S&P 500 Momentum SPMO	ETF ETF	$28.8M	2.71%	+$14.1M Bought	— 237.8K shares	Q2 2025 Held for 5 months
4 SPDR S&P 500 ETF Trust SPY	ETF ETF	$27.1M	2.56%	-$1.2M Sold	— 40.8K shares	Q3 2022 Held for 3y 2m
5 Microsoft MSFT	Software - Infrastructure Technology	$26.7M	2.52%	-$2.9M Sold	0.00% 51.6K shares	Q4 2020 Held for 4y 11m
6 Amazon AMZN	Specialty Retail Consumer Cyclical	$26.6M	2.51%	-$2.9M Sold	0.00% 121.2K shares	Q4 2022 Held for 2y 11m
7 iShares Core S&P 500 ETF IVV	ETF ETF	$25.5M	2.40%	-$18.8M Sold	— 38.0K shares	Q3 2012 Held for 13y 2m
8 Invesco QQQ Trust QQQ	ETF ETF	$25.0M	2.36%	+$5.2M Bought	— 41.7K shares	Q3 2022 Held for 3y 2m
9 Vanguard S&P 500 ETF VOO	ETF ETF	$21.3M	2.01%	-$785.7K Sold	— 34.9K shares	Q2 2017 Held for 8y 5m
10 Schwab U.S. Large-Cap Growth SCHG	ETF ETF	$16.3M	1.54%	+$2.0M Bought	— 512.1K shares	Q1 2021 Held for 4y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Kovack Advisors, Inc.'s latest filing

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Market Value

$1.1B

Prior: $1.0B

Q/Q Change

+4.13%

+$42.1M

Net Flows % of MV

-4.81%

Turnover Ratio

10.24%

New Purchases

27 stocks

$26.0M

Added To

212 stocks

+$58.5M

Sold Out Of

53 stocks

$30.7M

Reduced Holdings

313 stocks

-$104.9M

Increased Positions

Position	Shares Δ	Change
1 Invesco S&P International Developed Momentum IDMO	New	0 → 283.6K +$15.3M
2 FT Vest U.S. Equity Deep Buffer ETF DAUG	New	0 → 23.6K +$1.0M
3 FT Vest U.S. Equity Moderate Buffer ETF GSEP	New	0 → 26.0K +$988.2K
4 Trimble Inc. TRMB	New	0 → 11.5K +$936.9K
5 FT Vest U.S. Equity Deep Buffer ETF DSEP	New	0 → 19.1K +$844.2K

Decreased Positions

Position	Shares Δ	Change
1 iShares Currency Hedged MSCI EAFE HEFA	Sold	222.0K → 0 −$8.4M
2 Global X Adaptive U.S. Factor AUSF	Sold	179.3K → 0 −$8.0M
3 Coinbase Global, Inc. COIN	Sold	3.8K → 0 −$1.3M
4 Whirlpool WHR	Sold	6.9K → 0 −$702.7K
5 Calamos Strategic Total Return CSQ	Sold	30.8K → 0 −$562.2K

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Analytics

Portfolio insights and performance metrics for Kovack Advisors, Inc.

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Sector Allocation

ETF

41.50%

Technology

23.50%

Financial Services

5.90%

Consumer Cyclical

5.30%

Industrials

4.60%

Healthcare

4.30%

Communication Services

4.20%

Utilities

2.20%

Energy

2.20%

Consumer Defensive

1.50%

Real Estate

1.10%

Basic Materials

0.50%

Market Cap Distribution

Mega Cap (> $200B)

31.40%

Large Cap ($10B - $200B)

16.73%

Mid Cap ($2B - $10B)

3.59%

Small Cap ($300M - $2B)

2.46%

Micro Cap ($50M - $300M)

0.72%

Nano Cap (< $50M)

0.08%

N/A (ETF or Unknown)

45.02%

Portfolio Concentration

Top 10 Holdings %

28.1%

Top 20 Holdings %

39.15%

Top 50 Holdings %

56.98%

Top 100 Holdings %

70.03%