Drake & Associates, LLC

Registered adviser

CIK

1935795

Location

WAUKESHA, WI

Portfolio Value

Small $545,042,038

Diversification

Diversified

Filing Date

Global Rank

#3,639 / 8,827 ▼ 14

Top Industry

Asset Management 49.8%

Period ended 4 months ago

Filed Aug 10, 2026 · 3mo

17 quarters · since Jun 2022

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 154854

Roster of Nov 1, 2026

Regulatory AUM

$607,255,901

Main clients

Individuals and high net worth (100% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$607,255,901	Individuals and high net worth (100%)
Apr 2025 to Mar 2026	$418,750,691	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$313,071,682	Individuals and high net worth (100%)
May 2023 to Mar 2024	$227,171,996	Individuals and high net worth (100%)
Apr 2023	$227,171,996	Individuals and high net worth (100%)
Apr 2022 to Mar 2023	$227,801,155	Individuals and high net worth (99%)

3 earlier changes not shown.

Stated strategy

Quantitative / systematic, Fundamental active, Multi-asset, Fixed income / rates, Private markets, Wealth management / planning, Income, Growth, Long/short hedge Form ADV Part 2A, Oct 15, 2026 · original

In the firm's words

Quantitative / systematic: LSA Portfolio Analytics provides model portfolios and associated quantitative signals that are used by D&A as part of its investment decision-making process.
Fundamental active: All model portfolios are managed in adherence to a top-down, fundamentally based investment process that seeks to maximize the portfolio return within specific, defined objectives and risk constraints.
Multi-asset: Based on our assessment, we generally recommend managing our clients’ accounts in accordance with one or more of our asset allocation model portfolios.
Fixed income / rates: Other security types such as individual stocks, individual bonds, money market funds, structured products and private investment funds are periodically used in the construction of client portfolios.
Private markets: Other security types such as individual stocks, individual bonds, money market funds, structured products and private investment funds are periodically used in the construction of client portfolios.
Wealth management / planning: We select individual funds to fulfill a specific, defined role within the overall portfolio.
Income: D&A will generally implement client portfolios into the following investment strategies: • ETF Capital Preservation Plus • ETF Income Plus
Growth: D&A will generally implement client portfolios into the following investment strategies: • ETF Capital Preservation Plus • ETF Income Plus • ETF Conservative Growth • ETF Moderate Growth • ETF Growth
Long/short hedge: However, it will utilize short sales, margin transactions, and options writing.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 83.7% of the book (60%+)

Turnover

Medium turnover

36.6% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 10.5 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 84.2%; sector active share 66.4% against the combined 13F book's sector weights.

Over time 17 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

107 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

18.2%

+1.4 pts

Top 5

56.1%

+3.4 pts

Top 10

83.7%

+2.2 pts

HHI

865

Diversified+71

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	78.9%	$430,257,406	41
Financial Services	11.6%	$63,187,864	12
Technology	3.5%	$18,932,713	16
Industrials	1.6%	$8,713,446	13
Healthcare	1.1%	$6,221,514	6
Communication Services	0.9%	$4,649,058	4
Consumer Defensive	0.8%	$4,436,957	4
Consumer Cyclical	0.6%	$3,228,891	5
Utilities	0.5%	$2,719,602	2
Energy	0.2%	$1,000,951	2
Real Estate	0.2%	$849,321	1
Basic Materials	0.2%	$844,315	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AFIF	Two Roads Shared Trust	+225,756	3,865,267	$36,372,162
RECS	Columbia Research Enhanced Core ETF	+92,006	1,252,310	$54,199,976
FBND	Fidelity Total Bond ETF	+77,988	1,098,394	$49,965,943
PYLD		+59,153	1,036,295	$27,482,543
JAAA	Janus Henderson AAA CLO ETF	+54,325	764,333	$38,591,173
IDMO	Invesco Ltd.	+49,674	598,229	$36,067,226
OUNZ	VanEck Merk Gold ETF	+42,691	552,917	$21,337,067
EDIV	State Street(R) SPDR(R) S&P Emerging Markets Dividend ETF	+41,311	402,997	$16,506,757
IJH	iShares Core S&P Mid-Cap ETF	+41,163	574,352	$44,288,282
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	+22,900	378,474	$45,034,621
ACWI	iShares MSCI ACWI ETF	+20,340	276,605	$43,418,686
AVUV	Avantis U.S. Small Cap Value ETF	+12,142	214,617	$26,775,616
NLR	VanEck Uranium and Nuclear ETF	+4,770	35,254	$4,088,758
QQQM	Invesco Ltd.	+4,368	69,048	$20,919,472
WEC	Wec Energy Group, Inc.	+2,656	16,887	$1,971,894
WM	Waste Management Inc	+2,525	4,016	$895,086
VUG	VANGUARD GROWTH INDEX FUND	+2,417	2,992	$257,730
NVDA	Nvidia Corp	+1,484	17,509	$3,503,375
SCHX	Schwab U.S. Large-Cap ETF	+1,445	29,677	$873,394
NOW	ServiceNow, Inc.	+899	5,882	$583,964
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+793	2,512	$929,540
GOOGL	Alphabet Inc.	+763	3,165	$1,131,076
RTX	RTX Corp	+594	2,806	$532,382
IEFA	iShares Core MSCI EAFE ETF	+573	3,706	$357,925
LLY	ELI LILLY & Co	+546	1,213	$1,454,908
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BKR	Baker Hughes Co	−13,951	13,702	$760,461
FTV	Fortive Corp	−11,594	13,144	$802,966
KR	Kroger Co	−8,305	10,154	$563,851
DUK	Duke Energy CORP	−6,466	5,907	$747,708
MDT	Medtronic plc	−5,394	7,457	$583,361
WMT	Walmart Inc.	−4,683	13,978	$1,583,148
PG	PROCTER & GAMBLE Co	−3,767	4,548	$666,918
WELL	Welltower Inc.	−3,465	3,742	$849,321
AME	Ametek Inc	−3,118	3,265	$789,934
WCN	Waste Connections, Inc.	−3,015	3,821	$636,922
JNJ	Johnson & Johnson	−2,890	3,565	$905,403
RSG	Republic Services, Inc.	−2,318	3,359	$715,735
DHR	Danaher Corp	−2,109	3,058	$582,487
SGOV	iShares 0-3 Month Treasury Bond ETF	−2,045	31,884	$3,209,762
PTC	Ptc Inc.	−1,901	3,780	$429,445
JPM	Jpmorgan Chase & Co	−1,851	4,059	$1,328,632
FIXD	First Trust Smith Opportunistic Fixed Income ETF	−1,411	31,888	$1,390,635
AAPL	Apple Inc.	−1,123	15,584	$4,509,386
MCO	Moodys Corp	−948	1,280	$579,737
SEIX	Virtus Seix Senior Loan ETF	−880	41,903	$969,216
XOM	ExxonMobil Holdings Corp	−801	1,759	$240,490
COST	Costco Wholesale Corp	−703	1,735	$1,623,040
MSFT	Microsoft Corp	−629	7,053	$2,630,910
BUFR	FT Vest Laddered Buffer ETF	−528	23,409	$855,130
GOOG	Alphabet Inc.	−396	4,248	$1,500,945
No positions match the current search.

New Positions

Positions the filer opened this quarter

21 positions

Ticker	Company	Shares	Value
LRCX	Lam Research Corp	2,157	$934,692
BMO	Bank Of Montreal	3,716	$656,617
ONB	Old National Bancorp	24,263	$628,411
SPGI	S&P Global Inc.	1,420	$578,309
ANET	Arista Networks, Inc.	3,381	$574,364
SNPS	Synopsys Inc	1,113	$496,475
VXUS	Vanguard Total International Stock ETF	3,315	$283,399
FDLO	Fidelity Low Volatility Factor ETF	4,129	$282,155
INTC	Intel Corp	1,870	$261,108
IEMG	iShares Trust	3,123	$258,709
IJR	iShares Core S&P Small-Cap ETF	1,736	$257,466
MCD	Mcdonalds Corp	934	$252,469
JCI	Johnson Controls International plc	1,639	$239,474
SMH	VanEck Semiconductor ETF	355	$232,840
IWF	iShares Russell 1000 Growth ETF	1,868	$231,949
FENI	Fidelity Enhanced International ETF	5,770	$231,550
SCHF	Schwab International Equity ETF	7,872	$218,054
SPMO	Invesco Ltd.	1,321	$213,394
CAT	Caterpillar Inc	198	$210,850
BAC	Bank Of America Corp	3,649	$207,920
VIG	Vanguard Specialized Funds	866	$204,912
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
PEG	Public Service Enterprise Group Inc	14,385	$1,164,465
APAM	Artisan Partners Asset Management Inc.	28,646	$1,042,427
HD	Home Depot, Inc.	1,905	$626,535
QCOM	Qualcomm Inc	4,472	$575,904
KKR	KKR & Co. Inc.	5,487	$507,547
ADP	Automatic Data Processing Inc	2,427	$493,117
SO	Southern Co	3,108	$299,984
PEP	Pepsico Inc	1,499	$232,779
INTU	Intuit Inc.	505	$218,351
LULU	lululemon athletica inc.	1,405	$215,105
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

107 tracked positions · $545,042,038 total · filing declares 108 positions · $613,140,663 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 107 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
RECS	Columbia Research Enhanced Core ETF	Added	1,252,310	+92,006	$54,199,976	+19.8%	7	$36.85	9.94%
FBND	Fidelity Total Bond ETF	Added	1,098,394	+77,988	$49,965,943	+7.3%	13	$45.77	9.17%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Added	378,474	+22,900	$45,034,621	+29.4%	11	$75.21	8.26%
IJH	iShares Core S&P Mid-Cap ETF	Added	574,352	+41,163	$44,288,282	+23.0%	17	before history	8.13%
ACWI	iShares MSCI ACWI ETF	Added	276,605	+20,340	$43,418,686	+22.4%	17	before history	7.97%
JAAA	Janus Henderson AAA CLO ETF	Added	764,333	+54,325	$38,591,173	+7.9%	15	$50.05	7.08%
AFIF	Two Roads Shared Trust	Added	3,865,267	+225,756	$36,372,162	+7.2%	4	$9.37	6.67%
IDMO	Invesco Ltd. Financial Services	Added	598,229	+49,674	$36,067,226	+19.9%	5	$51.05	6.62%
PYLD		Added	1,036,295	+59,153	$27,482,543	+7.3%	4	$26.58	5.04%
AVUV	Avantis U.S. Small Cap Value ETF	Added	214,617	+12,142	$26,775,616	+19.7%	15	$88.49	4.91%
OUNZ	VanEck Merk Gold ETF	Added	552,917	+42,691	$21,337,067	−7.2%	5	$33.98	3.91%
QQQM	Invesco Ltd. Financial Services	Added	69,048	+4,368	$20,919,472	+36.1%	5	$220.58	3.84%
EDIV	State Street(R) SPDR(R) S&P Emerging Markets Dividend ETF	Added	402,997	+41,311	$16,506,757	+15.6%	9	$37.00	3.03%
AAPL	Apple Inc. Technology	Reduced	15,584	-1,123	$4,509,386	+6.4%	17	before history	0.83%
NLR	VanEck Uranium and Nuclear ETF	Added	35,254	+4,770	$4,088,758	+0.7%	4	$126.74	0.75%
NVDA	Nvidia Corp Technology	Added	17,509	+1,484	$3,503,375	+25.4%	17	before history	0.64%
SGOV	iShares 0-3 Month Treasury Bond ETF	Reduced	31,884	-2,045	$3,209,762	−6.0%	4	unpriced	0.59%
MSFT	Microsoft Corp Technology	Reduced	7,053	-629	$2,630,910	−7.5%	17	before history	0.48%
IUSV	iShares Core S&P U.S. Value ETF	Reduced	20,238	-159	$2,229,215	+6.9%	17	before history	0.41%
IVV	iShares Core S&P 500 ETF	Added	2,838	+258	$2,125,349	+26.1%	17	before history	0.39%
AMZN	Amazon Com Inc Consumer Cyclical	Added	8,543	+76	$2,036,138	+15.5%	17	before history	0.37%
ABBV	AbbVie Inc. Healthcare	Added	8,068	+203	$2,030,231	+18.7%	15	$159.07	0.37%
WEC	Wec Energy Group, Inc. Utilities	Added	16,887	+2,656	$1,971,894	+19.7%	17	before history	0.36%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	1,735	-703	$1,623,040	−33.2%	13	$805.17	0.30%
META	Meta Platforms, Inc. Communication Services	Added	2,881	+57	$1,622,838	+0.4%	14	$433.92	0.30%
WMT	Walmart Inc. Consumer Defensive	Reduced	13,978	-4,683	$1,583,148	−31.7%	11	$90.74	0.29%
GOOG	Alphabet Inc. Communication Services	Reduced	4,248	-396	$1,500,945	+12.7%	17	before history	0.28%
GE	General Electric Co Industrials	Reduced	3,946	-143	$1,474,738	+27.1%	17	before history	0.27%
LLY	ELI LILLY & Co Healthcare	Added	1,213	+546	$1,454,908	+137.2%	17	before history	0.27%
IOO	iShares Global 100 ETF	Reduced	10,344	-3	$1,412,990	+12.9%	17	before history	0.26%
FIXD	First Trust Smith Opportunistic Fixed Income ETF	Reduced	31,888	-1,411	$1,390,635	−4.2%	17	before history	0.26%
QQQ	Invesco Qqq Trust, Series 1	Reduced	1,871	-58	$1,377,804	+23.7%	17	before history	0.25%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	4,059	-1,851	$1,328,632	−23.6%	17	before history	0.24%
ROK	Rockwell Automation, Inc Industrials	Added	2,345	+182	$1,160,962	+49.6%	17	before history	0.21%
GOOGL	Alphabet Inc. Communication Services	Added	3,165	+763	$1,131,076	+63.8%	17	before history	0.21%
AVGO	Broadcom Inc. Technology	Added	2,814	+114	$1,062,988	+27.2%	11	unpriced	0.20%
V	Visa Inc. Financial Services	Reduced	2,925	-187	$1,003,538	+6.7%	16	$294.16	0.18%
SEIX	Virtus Seix Senior Loan ETF	Reduced	41,903	-880	$969,216	−1.8%	7	$23.95	0.18%
CRWD	CrowdStrike Holdings, Inc. Technology	Reduced	1,238	-162	$944,767	+72.9%	2	$423.87	0.17%
LRCX	Lam Research Corp Technology	NEW	2,157	NEW	$934,692	NEW	1	$303.56	0.17%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	2,512	+793	$929,540	+68.6%	11	unpriced	0.17%
JNJ	Johnson & Johnson Healthcare	Reduced	3,565	-2,890	$905,403	−42.6%	15	$156.67	0.17%
GEV	GE Vernova Inc. Industrials	Reduced	768	-6	$902,292	+33.5%	7	$366.39	0.17%
WM	Waste Management Inc Industrials	Added	4,016	+2,525	$895,086	+161.3%	17	before history	0.16%
SCHX	Schwab U.S. Large-Cap ETF	Added	29,677	+1,445	$873,394	+20.7%	4	$25.75	0.16%
BUFR	FT Vest Laddered Buffer ETF	Reduced	23,409	-528	$855,130	+5.8%	15	unpriced	0.16%
ASML	Asml Holding NV Technology	Reduced	429	-19	$853,469	+44.2%	2	$1,370.36	0.16%
WELL	Welltower Inc. Real Estate	Reduced	3,742	-3,465	$849,321	−40.4%	11	$127.16	0.16%
LIN	Linde PLC Basic Materials	Added	1,627	+34	$844,315	+6.9%	13	$383.10	0.15%
ILCG	iShares Morningstar Growth ETF	Reduced	7,034	-195	$823,118	+19.3%	4	unpriced	0.15%

Showing the top 50 of 107 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.