Drake & Associates, LLC

The portfolio remains diversified with 48 holdings, but the composition has shifted markedly. The firm executed a high-turnover strategy, with 25 new positions initiated and 27 positions sold completely during the quarter. The top 10 holdings now account for approximately 74% of the total portfolio value, indicating a shift toward a more concentrated allocation in specific funds and select equities.

2. Key Holdings

The portfolio is currently dominated by Exchange Traded Funds (ETFs), which occupy the top five positions and command over 60% of the total portfolio value.

• COLUMBIA ETF TR I is the largest holding at $37.62 million (16.07%). The firm increased this position by 10.2%, signaling strong conviction in this specific fund.
• SPYG (SPDR Portfolio S&P 500 Growth ETF) follows at $30.52 million (13.04%), suggesting a strategic tilt toward growth-oriented large-cap equities.
• JAAA (Janus Henderson AAA ETF) holds $29.32 million (12.53%), reflecting a significant allocation to fixed income or income-generating strategies, likely to manage volatility.
• TWO RDS SHARED TR was established as a major new position worth $29.11 million (12.44%), immediately becoming one of the portfolio's core pillars.
• PYLD (Pimco ETF Trust) is the fifth-largest holding at $21.83 million (9.33%), further reinforcing the focus on yield and income.