Kovack Advisors Portfolio holdings
Kovack Advisors is a wealth management firm that supports its client accounts through the Envestnet platform and can also hire outside money managers. Ronald Kovack, its founder and former chairman, started the firm, which has advised clients since 2004 and is wholly owned by Kovack Financial; Brian Kovack is chief executive of Kovack Financial and president of Kovack Advisors. It also provides services to independent advisory firms that serve their own clients, and shares common ownership with the brokerage Kovack Securities.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$5.25M |
| 2 |
VanEck IG Floating Rate ETF
FLTR
|
+$2.18M |
| 3 |
Invesco Variable Rate Investment Grade ETF
VRIG
|
+$2.17M |
| 4 |
First Trust Rising Dividend Achievers ETF
RDVY
|
+$1.68M |
| 5 |
PepsiCo
PEP
|
+$988K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Corporate Bond ETF
VCSH
|
+$4.42M |
| 2 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$4.07M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$2.93M |
| 4 |
Vanguard Dividend Appreciation ETF
VIG
|
+$1.97M |
| 5 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$1.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 46.1% |
| 2 | Technology | 12.48% |
| 3 | Consumer Discretionary | 10.31% |
| 4 | Communication Services | 6.32% |
| 5 | Healthcare | 5.67% |
Similar funds
Kovack Advisors's Q2 2018 Portfolio in Review
As of Q2 2018, Kovack Advisors held 571 positions worth $358M, down 10% from $399M the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Kovack Advisors withdrew a net $47.8M in Q2 2018, closing 143 positions and reducing 183 holdings. Its most notable exit was AdvisorShares Dorsey Wright ADR ETF, an estimated $1.56M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 46% of assets, down from 51% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Kovack Advisors opened a new position in Alphabet (Google) Class A worth $5.45M.
- Kovack Advisors's largest Q2 2018 buy was Alphabet (Google) Class A: 96,540 shares worth $5.45M.
- Kovack Advisors added most to First Trust Rising Dividend Achievers ETF in Q2 2018, an estimated $1.68M increase.
- Kovack Advisors's biggest Q2 2018 reduction was Vanguard Short-Term Corporate Bond ETF, cutting an estimated $4.42M.
- Kovack Advisors fully exited AdvisorShares Dorsey Wright ADR ETF in Q2 2018, selling an estimated $1.56M.
- Kovack Advisors's ten largest holdings make up 26% of its $358M portfolio in Q2 2018.
- Kovack Advisors opened 80 new positions and closed 143 in Q2 2018.
- Kovack Advisors's portfolio value fell 10% quarter-over-quarter to $358M.
Based on Kovack Advisors's 13F filing for Q2 2018, filed 1 Aug 2018.