Neil Azous Portfolio
Invests via Rareview Capital LLC | Managed by Neil Azous, Michael Sedacca
Invests via Rareview Capital LLC
Managed by Neil Azous, Michael Sedacca
Automatically Tracked
Veteran macro and digital-asset strategist who leads institutional research and capital allocation for investors focused on crypto, macro and risk-on/risk-off cycles. Neil Azous synthesizes macroeconomic, regulatory and crypto-market signals to advise allocators, family offices and hedge funds. Known for market commentary, model-driven asset allocation and engagement with investors on liquidity and custody dynamics.
Veteran macro and digital-asset strategist who leads institutional research and capital allocation for investors focused on crypto, macro and risk-on/risk-off cycles. Neil Azous synthesizes macroeconomic, regulatory and crypto-market signals to advise allocators, family offices and hedge funds. Known for market commentary, model-driven asset allocation and engagement with investors on liquidity and custody dynamics.
Investment Philosophy & Strategy
Leans toward macro-driven, model-based allocations across crypto and traditional assets with a focus on liquidity, custody, and regulatory regime shifts. Combines top-down macro cycle signals with on-chain and market microstructure data to time risk-on/risk-off exposures, favoring nimble, event-aware positioning and portfolio risk budgeting. Prioritizes institutional-grade custody and liquidity management, transparent allocation rules, and tactical rebalancing horizons from weeks to quarters to capture macro mean-reversion and regime transitions.
Leans toward macro-driven, model-based allocations across crypto and traditional assets with a focus on liquidity, custody, and regulatory regime shifts. Combines top-down macro cycle signals with on-chain and market microstructure data to time risk-on/risk-off exposures, favoring nimble, event-aware positioning and portfolio risk budgeting. Prioritizes institutional-grade custody and liquidity management, transparent allocation rules, and tactical rebalancing horizons from weeks to quarters to capture macro mean-reversion and regime transitions.
Disclaimer: This Portfolio is derived from and computed based on publicly available data from SEC filings.
Gain and growth charts are calculated per selected timeframe:
28.34%
Gain -0.38%
Monthly
0.78%
Yearly
9.81%
Drawdown
14.14%
$196.72M
Equity
Holdings
$196.72M
Investment
$168.11M
$33.4M
Profit -$651,165.41
Realized
$4.79M
Unrealized
$28.6M
Dividends
$12.12M
Goals
Avg. 48.5% completed goals
Yearly
Gain > 5% 2026
Yearly
Gain < 20% 2026
Today
Compared To Yesterday
Gain
-0.38%
Profit
-$651,165.41
Win %
52%
This Week
Compared To Last Week
Gain
-0.33%
Profit
-$651,165.41
Win %
52%
This Month
Compared to last month
Gain
1.52%
Profit
$2.95M
Win %
52%
This Year
Compared to last year
Gain
-0.56%
Profit
-$991,256.8
Win %
52%
MSFT Microsoft Corp.
+3.02%
+$6,415.02 
PDX PIMCO Dynamic Income Strategy Fund
+1.04%
+$21,717.96 
VWO Vanguard FTSE Emerging Markets ETF
+0.96%
+$88,933.04 
DLY DoubleLine Yield Opportunities Fund
+0.86%
+$27,333.84 
ERC Allspring Multi-Sector Income Fund
+0.77%
+$14,086.38 
VOO Vanguard S&P 500 ETF
+0.71%
+$240,275.52 
TSI TCW Strategic Income Fund Inc.
+0.68%
+$9,226.23 
QQQ Invesco QQQ Trust, Series 1
+0.65%
+$116,954.04 
HIO Western Asset High Income Opportunity Fund Inc.
+0.57%
+$18,073.06 
BWG BrandywineGlobal Global Income Opportunities Fund Inc.
+0.52%
+$7,169.04 
ROE Astoria U.S. Equity Weighted Quality Kings ETF
+0.5%
+$1,048.55 
AVGO Broadcom Inc.
+0.37%
+$2,342.88 
RA Brookfield Real Assets Income Fund Inc.
+0.31%
+$11,109.04 
BIT BlackRock Multi-Sector Income Trust
+0.25%
+$4,862.07 
PCQ PIMCO California Municipal Income Fund
+0.23%
+$1,113.8 
FPF First Trust Intermediate Duration Preferred & Income Fund
+0.17%
+$4,001.01 
PML PIMCO Municipal Income Fund II
+0.14%
+$2,320.46 
BBN BlackRock Taxable Municipal Bond Trust
+0.13%
+$1,128.48 
PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund
+0.05%
+$273.93 
DCRE DoubleLine Commercial Real Estate ETF
+0.01%
+$25.98 
HYEM VanEck Emerging Markets High Yield Bond Fund
0%
$0 FAX
FAX
0%
$0 
DHY Credit Suisse High Yield Bond Fund
0%
$0 
NKX Nuveen California AMT-Free Quality Municipal Income Fund
0%
$0 
TEI Templeton Emerging Markets Income Fund
0%
$0 
AFRM Affirm Holdings, Inc.
-2.37%
-$6,161.34 
NBH Neuberger Berman Municipal Fund Inc.
-1.64%
-$67,424.89 
EDV Vanguard Extended Duration Treasury ETF
-1.06%
-$12,092.12 
BHK BlackRock Core Bond Trust
-0.78%
-$3,871.56 
MYI BlackRock MuniYield Quality Fund III, Inc.
-0.74%
-$30,800.72 
VEA VANGUARD FTSE DEVELOPED MARKETS ETF
-0.66%
-$159,078.61 
MHD BlackRock MuniHoldings Fund Inc.
-0.61%
-$38,363.57 
CARY Angel Oak Income ETF
-0.59%
-$13,469.41 
KIO KKR Income Opportunities Fund
-0.54%
-$11,931.78 
EIM Eaton Vance Municipal Bond Fund
-0.52%
-$19,602.95 
BTZ BlackRock Credit Allocation Income Trust
-0.5%
-$21,009.3 
MQY BlackRock MuniYield Quality Fund, Inc.
-0.44%
-$20,061.25 
NAC Nuveen California Quality Municipal Income Fund
-0.42%
-$3,316.95 
MSD Morgan Stanley Emerging Markets Debt Fund
-0.41%
-$9,382.65 
MMD NYLI MacKay Municipal Opportunities Fund
-0.4%
-$2,328.84 
MMU Western Asset Managed Municipals Fund
-0.4%
-$10,935.04 
EMD Western Asset Emerging Markets Debt Fund Inc.
-0.38%
-$12,440.48 
DSL DoubleLine Income Solutions Fund
-0.28%
-$4,980.99 
AFB AllianceBernstein National Municipal Income Fund
-0.28%
-$5,099.28 
LDP Cohen & Steers Limited Duration Preferred and Income Fund, Inc.
-0.24%
-$7,277.85 
HYT BlackRock Corporate High Yield Fund, Inc.
-0.24%
-$9,056.12 
VB Vanguard Small-Cap ETF
-0.22%
-$21,759.54 
MUC BlackRock MuniHoldings California Quality Fund, Inc.
-0.19%
-$2,511.22 
EDD Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
-0.17%
-$10,481.47 
FEMB First Trust Emerging Markets Local Currency Bond ETF
-0.1%
-$739.08 
USHY iShares Broad USD High Yield Corporate Bond ETF
-0.03%
-$67.79 Events
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Dividends
Dividend Analysis
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| Trades 492 | Longs Won 258/492 52% | Profit Factor 8.44 |
| Profitability | Shorts Won 0/0 0% | Standard Deviation $403,271 |
| Average Win $146,852.4 | Best Trade (Aug 17) $5.49M | Sharpe Ratio -12.8 |
| Average Loss -$19,192.1 | Worst Trade (Mar 30) -$294,161.08 | Z-Score -3.07 (100%) |
| Commissions $0 | Avg. Trade Length 11m 1w 1d | Expectancy $67,880.02 |
| Loss Size | 100% | 90% | 80% | 70% | 60% | 50% | 40% | 30% | 20% | 10% |
| Probability of Loss | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% |
| Consecutive Losing Trades | 10,204 | 9,184 | 8,163 | 7,143 | 6,122 | 5,102 | 4,082 | 3,061 | 2,041 | 1,020 |
Hover over the desired column for a detailed explanation.
Returns
Overall, Monthly| Symbol | Quantity | Cost | Value | Comm. | Profit ($) | Gain (%) | Change |
|---|---|---|---|---|---|---|---|
| AFB AllianceBernstein National Municipal Income Fund | 169,976 | $1.75M | $1.85M | - | $96,886.49 | 5.53% | -0.275% |
| AFRM Affirm Holdings, Inc. | 3,541 | $244,825 | $253,216.91 | - | $8,391.91 | 3.43% | -2.375% |
| AVGO Broadcom Inc. | 1,627 | $377,203.68 | $633,358.56 | - | $256,154.88 | 67.91% | +0.371% |
| BBN BlackRock Taxable Municipal Bond Trust | 56,424 | $908,990.67 | $892,627.68 | - | -$16,362.99 | -1.8% | +0.127% |
| BHK BlackRock Core Bond Trust | 55,308 | $537,594 | $492,241.2 | - | -$45,352.8 | -8.44% | -0.78% |
| BIT BlackRock Multi-Sector Income Trust | 162,069 | $2.12M | $1.98M | - | -$138,226.56 | -6.52% | +0.246% |
| BTZ BlackRock Credit Allocation Income Trust | 420,186 | $4.4M | $4.19M | - | -$207,978.29 | -4.73% | -0.499% |
| BWG BrandywineGlobal Global Income Opportunities Fund Inc. | 179,226 | $1.45M | $1.39M | - | -$66,552.14 | -4.58% | +0.52% |
| CARY Angel Oak Income ETF | 110,405 | $2.32M | $2.28M | - | -$46,315.52 | -1.99% | -0.588% |
| DCRE DoubleLine Commercial Real Estate ETF | 5,197 | $268,299.85 | $268,554.97 | - | $255.12 | 0.1% | +0.01% |
| DHY Credit Suisse High Yield Bond Fund | 1.05M | $1.86M | $1.83M | - | -$31,361.94 | -1.69% | 0.0 |
| DLY DoubleLine Yield Opportunities Fund | 227,782 | $3.26M | $3.2M | - | -$53,844.44 | -1.65% | +0.861% |
| DSL DoubleLine Income Solutions Fund | 166,033 | $1.85M | $1.77M | - | -$80,732.82 | -4.36% | -0.28% |
| EDD Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 1.05M | $5.22M | $6.1M | - | $881,173.11 | 16.88% | -0.172% |
| EDV Vanguard Extended Duration Treasury ETF | 18,894 | $1.27M | $1.12M | - | -$148,128.72 | -11.65% | -1.065% |
| EIM Eaton Vance Municipal Bond Fund | 392,059 | $3.79M | $3.75M | - | -$43,126.45 | -1.14% | -0.52% |
| EMD Western Asset Emerging Markets Debt Fund Inc. | 311,012 | $2.99M | $3.26M | - | $265,332.96 | 8.87% | -0.381% |
| ERC Allspring Multi-Sector Income Fund | 201,234 | $1.91M | $1.83M | - | -$80,646.7 | -4.21% | +0.774% |
| FAX FAX | 263,270 | $4.19M | $4.19M | - | - | - | 0.0 |
| FEMB First Trust Emerging Markets Local Currency Bond ETF | 24,636 | $711,487.58 | $722,820.24 | - | $11,332.66 | 1.59% | -0.102% |
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FAQ
Which stocks have generated the highest profits for Neil Azous?
The largest contributions to the portfolio's profits come from the following stocks: Vanguard S&P 500 ETF - $2.37M, VANGUARD FTSE DEVELOPED MARKETS ETF - $1.69M, Invesco QQQ Trust, Series 1 - $1.13M, Morgan Stanley Emerging Markets Domestic Debt Fund, Inc - $968,744.31, and SPDR Bloomberg 1-3 Month T-Bill ETF - $926,176.7. These positions have been the main drivers of growth and have significantly impacted the investor's overall performance.
Which stocks have generated the largest losses for this investor?
The largest losses in the portfolio are associated with the following stocks: PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund - $260,055.48, BlackRock Municipal Income Trust II - $247,955.04, FAX - $213,690.51, Nuveen AMT-Free Quality Municipal Income Fund - $68,070.75, and Vanguard Intermediate-Term Treasury Fund - $62,507.01. These positions have had the most negative impact on overall performance and highlight the weaker areas of the portfolio.
What dividends does Neil Azous's portfolio generate?
The portfolio generates substantial dividend income, with a total of $12.12M earned over time. The largest contributors to dividend income include VANGUARD FTSE DEVELOPED MARKETS ETF - $1.07M, Morgan Stanley Emerging Markets Domestic Debt Fund, Inc - $936,946.93, SPDR Bloomberg 1-3 Month T-Bill ETF - $888,200.07, Vanguard S&P 500 ETF - $646,095.59, and Nuveen Quality Municipal Income Fund - $497,028.65. This indicates that dividends play a meaningful role in the investor's overall strategy.
How stable are Neil Azous's monthly returns?
Neil Azous's monthly returns look fairly stable overall, although some fluctuations are still visible. The performance pattern suggests a strategy that remains reasonably controlled from month to month, even if it is not completely smooth. This may appeal to users looking for a balance between steadier results and meaningful upside potential.
Can Neil Azous's strategy be considered aggressive or moderate?
Neil Azous's strategy leans toward a moderately conservative profile. While there is still some exposure to market fluctuations, the overall structure and risk levels suggest a focus on maintaining stability rather than pursuing aggressive growth.
Should beginners follow Neil Azous's strategy?
Neil Azous's strategy may be suitable for beginners, but with some caution. While the overall approach is not overly complex, it still involves a certain level of risk and variability. Beginners should be prepared for occasional fluctuations and ensure they understand the strategy before trying to follow it.
