Kovack Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
APPLE INC COM	COM	037833100	1,735	3,919	SH		SOLE		0	0	3,919
APPLE INC PUT JUN00650000	COM	037833100	71	4	SH	Put	SOLE		0	0	4
AMERICAN ELEC PWR CO INC COM	COM	025537101	310	6,374	SH		SOLE		0	0	6,374
AMERICAN ELEC PWR INC CALL AUG00046000	COM	025537101	1	5	SH	Call	SOLE		0	0	5
ISHARES TR CORE US AGGBD ET	CORE US AGGBD ET	464287226	562	5,077	SH		SOLE		0	0	5,077
ARMOUR RESIDENTIAL REIT INC COM	COM	042315101	75	11,500	SH		SOLE		0	0	11,500
BANK AMER CORP COM	COM	060505104	165	13,533	SH		SOLE		0	0	13,533
PIMCO ETF TR ACTIVE BD ETF	ACTIVE BOND ETF	72201R775	579	5,274	SH		SOLE		0	0	5,274
CHINA GERUI ADV MAT GR LTD SHS	MAT GR LTD SHS	G21101103	137	70,400	SH		SOLE		0	0	70,400
CLAYMORE EXCHANGE TRD FD TR GUG MULTI ASSET	GUG MULTI ASSET	18383M506	262	10,975	SH		SOLE		0	0	10,975
CARTER VALIDUS MISSION CRITICA COM	COM	146282108	132	13,207	SH		SOLE		0	0	13,207
SPDR DOW JONES INDL AVRG ETF UT SER 1	UT SER 1	78467X109	2,466	16,968	SH		SOLE		0	0	16,968
DOW CHEMICAL COMPANY CALL JUN00033000	COM	260543103	6	49	SH	Call	SOLE		0	0	49
DOW CHEM CO COM	COM	260543103	248	7,801	SH		SOLE		0	0	7,801
ISHARES TR MSCI EMG MKT ETF	MSCI EMG MKT ETF	464287234	291	6,806	SH		SOLE		0	0	6,806
ISHARES TR MSCI EAFE ETF	MSCI EAFE ETF	464287465	226	3,834	SH		SOLE		0	0	3,834
EATON CORP PLC SHS	PLC SHS	G29183103	295	4,817	SH		SOLE		0	0	4,817
EATON CORP PLC CALL JUL00060000	PLC SHS	G29183103	26	30	SH	Call	SOLE		0	0	30
EXELON CORP COM	COM	30161N101	419	12,138	SH		SOLE		0	0	12,138
FORD MTR CO DEL COM	COM	345370860	313	23,785	SH		SOLE		0	0	23,785
GENERAL ELECTRIC CO COM	COM	369604103	249	10,787	SH		SOLE		0	0	10,787
GENERAL ELECTRIC CO CALL JUN00021000	COM	369604103	6	24	SH	Call	SOLE		0	0	24
SPDR GOLD TRUST GOLD SHS	GOLD SHS	78463V107	1,471	9,521	SH		SOLE		0	0	9,521
GOLDEN PHOENIX MINERALS INC COM	COM	381149103	0	36,000	SH		SOLE		0	0	36,000
HARTFORD FINL SVCS GROUP INC DEP CONV PFD	DEP CONV PFD	416515708	494	20,800	SH		SOLE		0	0	20,800
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	244	1,146	SH		SOLE		0	0	1,146
EYECITY COM INC COM	COM	30231H100	0	1,000,000	SH		SOLE		0	0	1,000,000
ISHARES TR CORE S&P MCP ETF	CORE S&P MCP ETF	464287507	221	1,919	SH		SOLE		0	0	1,919
ISHARES TR S&P MC 400VL ETF	S&P MC 400VL ETF	464287705	207	2,049	SH		SOLE		0	0	2,049
ISHARES TR SP SMCP600VL ETF	SP SMCP600VL ETF	464287879	236	2,629	SH		SOLE		0	0	2,629
ISHARES TR CORE S&P500 ETF	CORE S&P500 ETF	464287200	345	2,194	SH		SOLE		0	0	2,194
ISHARES TR RUSSELL 2000 ETF	RUSSELL 2000 ETF	464287655	255	2,696	SH		SOLE		0	0	2,696
SPDR SERIES TRUST BLOOMBERG BRCLYS	BLOOMBERG BRCLYS	78464A417	226	5,509	SH		SOLE		0	0	5,509
KRAIG BIOCRAFT LABORATORIES IN COM	COM	50075W104	2	23,500	SH		SOLE		0	0	23,500
KINDER MORGAN INC DEL COM	COM	49456B101	263	6,792	SH		SOLE		0	0	6,792
ALTRIA GROUP INC COM	COM	02209S103	272	7,910	SH		SOLE		0	0	7,910
ALTRIA GROUP INC CALL JUN00035000	COM	02209S103	1	11	SH	Call	SOLE		0	0	11
MERCK & CO INC COM	COM	58933Y105	339	7,671	SH		SOLE		0	0	7,671
MERCK & CO INC CALL JUL00044000	COM	58933Y105	6	35	SH	Call	SOLE		0	0	35
MICROSOFT CORP COM	COM	594918104	235	8,205	SH		SOLE		0	0	8,205
MICROSOFT CORP CALL JUL00030000	COM	594918104	7	43	SH	Call	SOLE		0	0	43
ANNALY CAP MGMT INC COM	COM	035710409	199	12,529	SH		SOLE		0	0	12,529
NORFOLK SOUTHERN CORP COM	COM	655844108	270	3,497	SH		SOLE		0	0	3,497
NORFOLK SOUTHERN CORP CALL JUN00065000	COM	655844108	37	30	SH	Call	SOLE		0	0	30
PROCTER AND GAMBLE CO COM	COM	742718109	830	10,776	SH		SOLE		0	0	10,776
PROCTER & GAMBLE CO CALL JUL00072500	COM	742718109	4	10	SH	Call	SOLE		0	0	10
ING PRIME RATE TR SH BEN INT	SH BEN INT	44977W106	64	10,000	SH		SOLE		0	0	10,000
PROSHARES TR PSHS SHORT QQQ	PSHS SHORT QQQ	74347R602	228	9,536	SH		SOLE		0	0	9,536
RF MICRODEVICES INC COM	COM	749941100	109	20,399	SH		SOLE		0	0	20,399
SPDR SERIES TRUST S&P DIVID ETF	S&P DIVID ETF	78464A763	323	4,901	SH		SOLE		0	0	4,901
POWERSHARES ETF TR II S&P500 LOW VOL	II S&P500 LOW VOL	73937B779	207	6,650	SH		SOLE		0	0	6,650
AT&T INC COM	COM	00206R102	475	12,950	SH		SOLE		0	0	12,950
AT&T INC CALL JUL00033000	COM	00206R102	5	17	SH	Call	SOLE		0	0	17
ISHARES TR TIPS BD ETF	TIPS BD ETF	464287176	815	6,717	SH		SOLE		0	0	6,717
UNITED HEALTH PRODS INC COM	COM	91059D100	0	10,049	SH		SOLE		0	0	10,049
INVESCO SR INCOME TR COM	COM	46131H107	98	16,987	SH		SOLE		0	0	16,987
WILLIAMS COS INC DEL COM	COM	969457100	343	9,165	SH		SOLE		0	0	9,165
WILLIAMS COS INC DEL CALL MAY00037000	COM	969457100	9	26	SH	Call	SOLE		0	0	26
SPDR SERIES TRUST S&P HOMEBUILD	S&P HOMEBUILD	78464A888	410	13,630	SH		SOLE		0	0	13,630
SELECT SECTOR SPDR TR SBI INT-FINL	SBI INT-FINL	81369Y605	199	10,937	SH		SOLE		0	0	10,937
SELECT SECTOR SPDR TR SBI INT-UTILS	SBI INT-UTILS	81369Y886	210	5,371	SH		SOLE		0	0	5,371
EXXON MOBIL CORP COM	COM	30231G102	481	5,335	SH		SOLE		0	0	5,335
EXXON MOBIL CORP CALL JAN00097500	COM	30231G102	1	4	SH	Call	SOLE		0	0	4