Institutional Manager · CIK 0001935795

Drake & Associates, LLC

WAUKESHA, WI · File #028-22597

Latest AUM

$502.1M

Positions

102

Top-10 Concentration

69.9%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	FIDELITY MERRIMACK STR TR	316188309	+80,943	+$3.7M	-$134,007
ADD	COLUMBIA ETF TR I	19761L706	+80,366	+$3.3M	+$203,725
ADD	PUTNAM ETF TRUST	746729300	+71,879	+$3.3M	+$1.7M
ADD	INVESCO EXCH TRADED FD TR II	IVZ	+55,549	+$3.1M	+$692,823
ADD	ISHARES TR	464287507	+44,789	+$3.0M	+$521,539
ADD	JANUS DETROIT STR TR	47103U845	+57,078	+$2.9M	+$5,822
ADD	SPDR SERIES TRUST	78464A409	+25,452	+$2.7M	-$91,296
ADD	ISHARES TR	464288257	+19,161	+$2.7M	+$189,898
ADD	TWO RDS SHARED TR	90214Q766	+247,681	+$2.3M	-$123,217
ADD	PIMCO ETF TR	72201R585	+70,930	+$1.9M	-$32,679

Sector Allocation

8.7%$43.6M

4.6%$22.9M

1.4%$6.8M

1.3%$6.6M

1.3%$6.5M

0.8%$4.2M

Consumer Discretionary

0.8%$3.8M

Communication Services

0.7%$3.5M

Energy

0.5%$2.6M

Real Estate

0.4%$2.0M

Materials

0.1%$682,331

Filing History

Feb 23, 202613F HOLDINGS REPORTQ/E Dec 2025102 pos · $502.1M
Nov 6, 202513F HOLDINGS REPORTQ/E Sep 2025102 pos · $477.4M
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 202592 pos · $408.3M
Apr 29, 202513F HOLDINGS REPORTQ/E Mar 202589 pos · $355.9M
Feb 10, 202513F HOLDINGS REPORTQ/E Dec 202488 pos · $351.3M
Oct 16, 202413F HOLDINGS REPORTQ/E Sep 202487 pos · $316.4M
Aug 5, 202413F HOLDINGS REPORTQ/E Jun 202478 pos · $279.2M
May 9, 202413F HOLDINGS REPORTQ/E Mar 202481 pos · $273.4M
Oct 24, 202313F HOLDINGS REPORTQ/E Dec 202371 pos · $220.8M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	FIDELITY MERRIMACK STR TR	316188309	918,570	$42.3M	8.98%
2	COLUMBIA ETF TR I	19761L706	1,006,402	$41.1M	8.73%
3	PUTNAM ETF TRUST	746729300	795,851	$36.3M	7.70%
4	SPDR SERIES TRUST	78464A409	310,642	$33.1M	7.04%
5	JANUS DETROIT STR TR	47103U845	636,875	$32.2M	6.84%
6	ISHARES TR	464288257	223,385	$31.6M	6.71%
7	TWO RDS SHARED TR	90214Q766	3,328,192	$31.3M	6.65%
8	ISHARES TR	464287507	472,289	$31.2M	6.62%
9	INVESCO EXCH TRADED FD TR II	IVZ	472,938	$26.3M	5.58%
10	PIMCO ETF TR	72201R585	888,004	$23.7M	5.03%
11	VANECK MERK GOLD ETF	OUNZ	481,730	$20.0M	4.24%
12	AMERICAN CENTY ETF TR	025072877	179,825	$18.3M	3.89%
13	INVESCO EXCH TRADED FD TR II	IVZ	56,281	$14.2M	3.02%
14	SPDR INDEX SHS FDS	78463X533	310,725	$12.2M	2.58%
15	APPLE INC	AAPL	19,600	$5.3M	1.13%
16	MICROSOFT CORP	MSFT	9,184	$4.4M	0.94%
17	NVIDIA CORPORATION	NVDA	18,945	$3.5M	0.75%
18	ISHARES TR	46436E718	33,511	$3.4M	0.71%
19	VANECK ETF TRUST	92189F601	25,322	$3.1M	0.67%
20	COSTCO WHSL CORP NEW	22160K105	3,489	$3.0M	0.64%