Kovack Advisors portfolio

What changed this quarter

937 positions with a change (120 new, 363 added to, 382 trimmed, 72 sold); also, 6 entered through an IPO, 3 exited through an acquisition or merger, 2 entered through a spin-off. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Vanguard Short-term Treasury ETF−88%fewer sharesReduced
  1.3% → 0.1%
• Sprott Asset Management+271%more sharesIncreased
  0.4% → 1.2%
• Strategy−0.7 ppof portfolioSold out
  0.8% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA4.4%
• AppleAAPL3.1%
• iShares Core S&P 500 ETFIVV3.0%
• Amazon.comAMZN2.4%
• State Str Spdr S&P 500 ETF TSPY2.2%
• Invesco QQQ Trust Series 1 ETFQQQ2.0%
• AlphabetGOOGL · GOOG2.0%
• Vanguard S&P 500 ETFVOO1.9%
• MicrosoftMSFT1.4%
• Sprott Asset ManagementPSLV1.2%
• BroadcomAVGO1.0%
• Invesco S&P 500 Momentum ETFSPMO0.9%
• TeslaTSLA0.9%
• Invesco S&P International De ETFIDMO0.7%
• State Street Technology Select Sector ETFXLK0.7%
• Berkshire HathawayBRK/B0.7%
• Vanguard Dividend Apprec ETFVIG0.6%
• First Tr Exchng Traded Fund VIBUFR0.6%
• Meta PlatformsMETA0.6%
• Advanced Micro DevicesAMD0.6%
• Invesco Nasdaq 100 ETFQQQM0.6%
• Vanguard Index FundsVTI0.6%
• Micron TechnologyMU0.6%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.6%
• First Trust Rising Dividend ETFRDVY0.6%
• Lam ResearchLRCX0.6%
• IntelINTC0.6%
• iShares Core S&P Total U.s ETFITOT0.6%
• Eli LillyLLY0.5%
• Schwab International Equity ETFSCHF0.5%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.5%
• International BancsharesIBOC0.5%
• Capital Group Dividend ValueCGDV0.5%
• SPDR Gold Shares ETFGLD0.5%
• BlackRock ETF TrustDYNF0.5%
• ADTRAN HoldingsADTN0.5%
• Palantir TechnologiesPLTR0.5%
• WalmartWMT0.4%
• Exxon MobilXOM0.4%
• Janus Henderson AAA CLO ETFJAAA0.4%
• Fidelity High Dividend ETFFDVV0.4%
• State Str Spdr DOW Jones INDDIA0.4%
• CaterpillarCAT0.4%
• Pgim Ultra Short Bond ETFPULS0.4%
• Home DepotHD0.4%
• Nebius GroupNBIS0.4%
• Vanguard Ftse Developed ETFVEA0.4%
• JPMorgan ChaseJPM0.4%
• Applied MaterialsAMAT0.4%
• GE VernovaGEV0.4%
• Taiwan Semiconductor ManufacturingTSM0.4%
• Vanguard International Equity Index FVEU0.4%
• First Trust ENH Short MAT FundFTSM0.4%
• Costco WholesaleCOST0.3%
• ServiceNowNOW0.3%
• Goldman Sachs GroupGS0.3%
• CrowdStrike HoldingsCRWD0.3%
• Invesco Exchange Traded Fund TPPA0.3%
• ChevronCVX0.3%
• State Street Financial Select Sector ETFXLF0.3%
• Vaneck ETF TrustSMH0.3%
• Amplify Junior Silver Miners ETFSILJ0.3%
• Schwab US DVD Equity ETFSCHD0.3%
• Simplify Hedged Equity ETFHEQT0.3%
• First Trust Value Line DVD ETFFVD0.3%
• OracleORCL0.3%
• iShares Core S&P Small-cap E ETFIJR0.3%
• Vanguard Info Tech ETFVGT0.3%
• UnisysUIS0.3%
• IsharesIEMG0.3%
• AbbVieABBV0.3%
• Pacer US Cash Cows 100 ETFCOWZ0.3%
• BlackRock ETF TrustBAI0.3%
• Cisco SystemsCSCO0.3%
• iShares Russell Top 200 Grow ETFIWY0.3%
• iShares Silver Trust ETFSLV0.3%
• Vertiv HoldingsVRT0.3%
• SandiskSNDK0.3%
• iShares Core U.s. Aggregate ETFAGG0.3%
• Roundhill ETF TrustDRAM0.2%
• Johnson & JohnsonJNJ0.2%
• iShares Semiconductor ETFSOXX0.2%
• First Trust Senior Loan ETFFTSL0.2%
• GE AerospaceGE0.2%
• Palo Alto NetworksPANW0.2%
• First Tr Exchange-traded FundFTCB0.2%
• First Tr Exch Traded Fund IIIFTLS0.2%
• ProShares S&P 500 Dividend A ETFNOBL0.2%
• Invesco Exchange Traded Fund TXMMO0.2%
• Vanguard Index FundsVO0.2%
• ShopifySHOP0.2%
• Invesco Exchange Traded Fund TRSP0.2%
• Global X Data Center & Digit ETFDTCR0.2%
• Western DigitalWDC0.2%
• CorningGLW0.2%
• Space Exploration TechnologiesSPCX0.2%
• State Street Energy Select Sector ETFXLE0.2%
• Invesco International Buybac ETFIPKW0.2%
• UnitedHealth GroupUNH0.2%