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Drake & Associates, LLC — 13F Holdings & Portfolio

CIK 1935795 · latest 13F-HR filed 2026-08-10

Backtest portfolio

Drake & Associates, LLC manages $593.7M in 13F-reported U.S. long-equity assets across 108 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are RECS (9.13%), FBND (8.42%), PVAL (8.19%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 23 new positions and exited 12; 49 existing positions rose in reported value and 29 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$593.7M

Long-equity book

Holdings
108

Distinct positions

Period
2026-06-30

Filed 2026-08-10

Q/Q Activity
+23 / −12 / ↑49 / ↓29

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
RECS9.1% · +8%FBND8.4% · +8%PVAL8.2% · +7%SPYG7.6% · +6%IJH7.5% · +8%ACWI7.3% · +8%JAAA6.5% · +8%AFIF6.1% · +6%IDMO6.1% · +9%PYLD4.6% · +6%AVUV4.5% · +6%OUNZ3.6% · +8%QQQM3.5% · +7%EDIV2.8% · +11%AAPL0.8% · -7%NLR0.7% · +16%NVDA0.6% · +9%SGOV0.5% · -6%MSFT0.4% · -8%IUSV0.4% · -1%IVV0.4% · +10%AMZN0.3% · +1%ABBV0.3% · +3%WEC0.3% · +19%META0.3% · +2%COST0.3% · -29%WMT0.3% · -25%GOOG0.3% · -8%GE0.2% · -4%LLY0.2% · +82%IOO0.2% · -0%FIXD0.2% · -4%QQQ0.2% · -3%JPM0.2% · -31%ROK0.2% · +8%GOOGL0.2% · +32%AVGO0.2% · +4%V0.2% · -6%SEIX0.2% · -2%CRWD0.2% · -12%LRCX0.2% · newVTI0.2% · +46%JNJ0.2% · -45%GEV0.2% · -1%WM0.2% · +169%SCHX0.1% · +5%BUFR0.1% · -2%ASML0.1% · -4%WELL0.1% · -48%LIN0.1% · +2%ILCG0.1% · -3%FTV0.1% · -47%AME0.1% · -49%BKR0.1% · -50%GLD0.1% · +2%DUK0.1% · -52%BRK.B0.1% · -3%RSG0.1% · -41%PG0.1% · -45%ABT0.1% · +1%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 71.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 11, 2026.

Assets Under Management
$713.4M
Discretionary
$713.4M
Employees
5
Accounts
9
Address
53 FOREST AVENUE
SUITE 210
OLD GREENWICH, CT 06870
Phone
(203) 861-7500
Website
Name Title / Status Ownership Type
CHEN, KUO-CHAN ControlCHIEF FINANCIAL OFFICER
since Jan 2023
Less than 5%Individual
GUSTIN, RAY ControlMEMBER, MANAGING DIRECTOR, AND CHIEF COMPLIANCE OFFICER
since Mar 2003
10–25%Individual
MACFARLANE, DAVID, BRUCE ControlMANAGING MEMBER AND MANAGING DIRECTOR
since Mar 2001
75% or moreIndividual
Ownership & leadership changes · 2 filings with changes since Mar 6, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 24, 2023 filing
  • No longer listedLAI, CATHY, SHUMEI · MEMBER AND CHIEF FINANCIAL OFFICER · 5–10% · control person · listed since Feb 2006
  • AddedCHEN, KUO-CHAN · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Mar 19, 2013 filing
  • ChangedGUSTIN, RAY · title MEMBER, CHIEF COMPLIANCE OFFICER → MEMBER, MANAGING DIRECTOR, AND CHIEF COMPLIANCE OFFICER
  • ChangedLAI, CATHY, SHUMEI · title CHIEF FINANCIAL OFFICER → MEMBER AND CHIEF FINANCIAL OFFICER
  • ChangedMACFARLANE, DAVID, BRUCE · title MANAGING MEMBER → MANAGING MEMBER AND MANAGING DIRECTOR
Mar 6, 2012 filing (earliest on record)
  • ListedGUSTIN, RAY · MEMBER, CHIEF COMPLIANCE OFFICER · 10–25% · control person
  • ListedLAI, CATHY, SHUMEI · CHIEF FINANCIAL OFFICER · 5–10% · control person
  • ListedMACFARLANE, DAVID, BRUCE · MANAGING MEMBER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 49 →

Top Trims

Show all 29 →

New Positions

Show all 23 →

Exited Positions

Show all 12 →

Drake & Associates, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 COLUMBIA ETF TR I RECS 19761L706 $54.2M 9.13% 1,252,310 SH
2 FIDELITY MERRIMACK STR TR FBND 316188309 $50.0M 8.42% 1,098,394 SH
3 PUTNAM ETF TRUST PVAL 746729300 $48.6M 8.19% 954,581 SH
4 SPDR SERIES TRUST SPYG 78464A409 $45.0M 7.59% 378,474 SH
5 ISHARES TR IJH 464287507 $44.3M 7.46% 574,352 SH
6 ISHARES TR ACWI 464288257 $43.4M 7.31% 276,605 SH
7 JANUS DETROIT STR TR JAAA 47103U845 $38.6M 6.50% 764,333 SH
8 HORIZON FDS AFIF 44053A440 $36.4M 6.12% 3,865,267 SH
9 INVESCO EXCH TRADED FD TR II IDMO 46138E222 $36.1M 6.08% 598,229 SH
10 PIMCO ETF TR PYLD 72201R585 $27.5M 4.63% 1,036,295 SH
11 AMERICAN CENTY ETF TR AVUV 025072877 $26.8M 4.51% 214,617 SH
12 VANECK MERK GOLD ETF OUNZ 921078101 $21.3M 3.59% 552,917 SH
13 INVESCO EXCH TRADED FD TR II QQQM 46138G649 $20.9M 3.52% 69,048 SH
14 SPDR INDEX SHS FDS EDIV 78463X533 $16.5M 2.78% 402,997 SH
15 APPLE INC AAPL 037833100 $4.5M 0.76% 15,584 SH
16 VANECK ETF TRUST NLR 92189F601 $4.1M 0.69% 35,254 SH
17 NVIDIA CORPORATION NVDA 67066G104 $3.5M 0.59% 17,509 SH
18 ISHARES TR SGOV 46436E718 $3.2M 0.54% 31,884 SH
19 MICROSOFT CORP MSFT 594918104 $2.6M 0.44% 7,053 SH
20 ISHARES TR IUSV 464287663 $2.2M 0.38% 20,238 SH
21 ISHARES TR IVV 464287200 $2.1M 0.36% 2,838 SH
22 AMAZON COM INC AMZN 023135106 $2.0M 0.34% 8,543 SH
23 ABBVIE INC ABBV 00287Y109 $2.0M 0.34% 8,068 SH
24 WEC ENERGY GROUP INC WEC 92939U106 $2.0M 0.33% 16,887 SH
25 META PLATFORMS INC META 30303M102 $1.6M 0.27% 2,881 SH
26 COSTCO WHOLESALE CORPORATION COST 22160K105 $1.6M 0.27% 1,735 SH
27 WALMART INC WMT 931142103 $1.6M 0.27% 13,978 SH
28 ALPHABET INC GOOG 02079K107 $1.5M 0.25% 4,248 SH
29 GE AEROSPACE GE 369604301 $1.5M 0.25% 3,946 SH
30 ELI LILLY & CO LLY 532457108 $1.5M 0.25% 1,213 SH
31 ISHARES TR IOO 464287572 $1.4M 0.24% 10,344 SH
32 FIRST TR EXCHNG TRADED FD VI FIXD 33740F805 $1.4M 0.23% 31,888 SH
33 INVESCO QQQ TR QQQ 46090E103 $1.4M 0.23% 1,871 SH
34 JPMORGAN CHASE & CO JPM 46625H100 $1.3M 0.22% 4,059 SH
35 ROCKWELL AUTOMATION INC ROK 773903109 $1.2M 0.20% 2,345 SH
36 ALPHABET INC GOOGL 02079K305 $1.1M 0.19% 3,165 SH
37 BROADCOM INC AVGO 11135F101 $1.1M 0.18% 2,814 SH
38 VISA INC V 92826C839 $1.0M 0.17% 2,925 SH
39 VIRTUS ETF TR II SEIX 92790A405 $969.2K 0.16% 41,903 SH
40 CROWDSTRIKE HLDGS INC CRWD 22788C105 $944.8K 0.16% 1,238 SH
41 LAM RESEARCH CORP LRCX 512807306 $934.7K 0.16% 2,157 SH
42 VANGUARD INDEX FDS VTI 922908769 $929.5K 0.16% 2,512 SH
43 JOHNSON & JOHNSON JNJ 478160104 $905.3K 0.15% 3,565 SH
44 GE VERNOVA INC GEV 36828A101 $901.9K 0.15% 768 SH
45 WASTE MGMT INC DEL WM 94106L109 $895.1K 0.15% 4,016 SH
46 SCHWAB STRATEGIC TR SCHX 808524201 $873.4K 0.15% 29,677 SH
47 FIRST TR EXCHNG TRADED FD VI BUFR 33740F755 $855.1K 0.14% 23,409 SH
48 ASML HLDG NV ASML N07059210 $853.5K 0.14% 429 SH
49 WELLTOWER INC WELL 95040Q104 $849.4K 0.14% 3,742 SH
50 LINDE PLC LIN G54950103 $844.5K 0.14% 1,627 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-10 $593.7M 108 0001935795-26-000003
2026-03-31 2026-05-13 $524.8M 97 0001935795-26-000002
2025-12-31 2026-02-23 $502.1M 102 0001935795-26-000001
2025-09-30 2025-11-06 $477.4M 102 0001935795-25-000008
Filer Information
Address
2212 E. MORELAND BLVD.
SUITE 200
WAUKESHA, WI 53186
Phone
(414) 409-7226
Filing Manager
Drake & Associates, LLC
WAUKESHA, WI
Signatory
Laura Kraus
CCO