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:
20.56%
Gain +0.41%
Monthly
0.56%
Yearly
6.93%
Drawdown
14.14%
$186.93M
Equity
Holdings
$186.93M
Investment
$168.11M
$23.61M
Profit +$649,812.32
Realized
$4.79M
Unrealized
$18.82M
Dividends
$13.4M
Goals
Avg. 36% completed goals
Yearly
Gain > 5% 2026
Yearly
Gain < 20% 2026
Today
Compared To Yesterday
Gain
0.41%
Profit
$649,812.32
Win %
26%
This Week
Compared To Last Week
Gain
-1.2%
Profit
-$2.27M
Win %
26%
This Month
Compared to last month
Gain
-0.51%
Profit
-$952,912.71
Win %
26%
This Year
Compared to last year
Gain
-5.5%
Profit
-$10.78M
Win %
32%
PML PIMCO Municipal Income Fund II
+3.02%
+$45,248.97 
EDV Vanguard Extended Duration Treasury ETF
+2.4%
+$25,601.37 
AFB AllianceBernstein National Municipal Income Fund
+2.02%
+$32,295.44 
BHK BlackRock Core Bond Trust
+1.97%
+$8,827.16 
NKX Nuveen California AMT-Free Quality Municipal Income Fund
+1.75%
+$10,717.8 
EDD Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
+1.73%
+$94,333.23 
EMD Western Asset Emerging Markets Debt Fund Inc.
+1.64%
+$46,651.8 
PCQ PIMCO California Municipal Income Fund
+1.56%
+$6,677.23 
HIO Western Asset High Income Opportunity Fund Inc.
+1.55%
+$45,182.65 
NAC Nuveen California Quality Municipal Income Fund
+1.47%
+$9,619.16 
TEI Templeton Emerging Markets Income Fund
+1.46%
+$54,450.72 
MQY BlackRock MuniYield Quality Fund, Inc.
+1.45%
+$58,097.38 
MMU Western Asset Managed Municipals Fund
+1.44%
+$35,511.54 
MHD BlackRock MuniHoldings Fund Inc.
+1.43%
+$79,193.37 
BBN BlackRock Taxable Municipal Bond Trust
+1.42%
+$11,487.93 
NBH Neuberger Berman Municipal Fund Inc.
+1.23%
+$43,627.87 
DSL DoubleLine Income Solutions Fund
+1.09%
+$17,433.47 
MSD Morgan Stanley Emerging Markets Debt Fund
+1.07%
+$22,205.6 
MSFT Microsoft Corp.
+1.03%
+$2,588.14 
MMD NYLI MacKay Municipal Opportunities Fund
+1.01%
+$5,336.93 
AFRM Affirm Holdings, Inc.
+0.82%
+$2,053.78 
BWG BrandywineGlobal Global Income Opportunities Fund Inc.
+0.8%
+$9,857.43 
KIO KKR Income Opportunities Fund
+0.76%
+$14,914.73 
LDP Cohen & Steers Limited Duration Preferred and Income Fund, Inc.
+0.74%
+$20,377.98 
MUC BlackRock MuniHoldings California Quality Fund, Inc.
+0.71%
+$8,600.93 
FPF First Trust Intermediate Duration Preferred & Income Fund
+0.71%
+$14,603.69 
VB Vanguard Small-Cap ETF
+0.69%
+$64,950.57 
HYT BlackRock Corporate High Yield Fund, Inc.
+0.69%
+$23,953.44 
PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund
+0.69%
+$3,150.2 
DLY DoubleLine Yield Opportunities Fund
+0.62%
+$18,199.78 
MYI BlackRock MuniYield Quality Fund III, Inc.
+0.58%
+$21,175.49 
EIM Eaton Vance Municipal Bond Fund
+0.56%
+$19,367.71 
BTZ BlackRock Credit Allocation Income Trust
+0.48%
+$18,908.37 
PDX PIMCO Dynamic Income Strategy Fund
+0.48%
+$9,378.21 
RA Brookfield Real Assets Income Fund Inc.
+0.46%
+$14,580.61 
FEMB First Trust Emerging Markets Local Currency Bond ETF
+0.44%
+$3,099.21 
ERC Allspring Multi-Sector Income Fund
+0.3%
+$5,030.85 
CARY Angel Oak Income ETF
+0.25%
+$5,520.25 
USHY iShares Broad USD High Yield Corporate Bond ETF
+0.24%
+$576.22 
DCRE DoubleLine Commercial Real Estate ETF
+0.22%
+$571.67 
HYEM VanEck Emerging Markets High Yield Bond Fund
+0.08%
+$368.36 
ROE Astoria U.S. Equity Weighted Quality Kings ETF
+0.06%
+$123.65 
VOO Vanguard S&P 500 ETF
+0.03%
+$10,877.07 
VEA VANGUARD FTSE DEVELOPED MARKETS ETF
+0.01%
+$1,692.34 FAX
FAX
0%
$0 
AVGO Broadcom Inc.
-2.03%
-$11,445.94 
DHY Credit Suisse High Yield Bond Fund
-0.9%
-$15,158.35 
QQQ Invesco QQQ Trust, Series 1
-0.69%
-$131,836.97 
TSI TCW Strategic Income Fund Inc.
-0.48%
-$6,150.82 
VWO Vanguard FTSE Emerging Markets ETF
-0.39%
-$36,526.07 
BIT BlackRock Multi-Sector Income Trust
-0.27%
-$4,845.86 Events
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Dividends
Dividend Analysis
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| Trades 492 | Longs Won 207/492 42% | Profit Factor 3.2 |
| Profitability | Shorts Won 0/0 0% | Standard Deviation $397,122.34 |
| Average Win $165,951.67 | Best Trade (Oct 14) $5.4M | Sharpe Ratio -75.33 |
| Average Loss -$37,685.62 | Worst Trade (Oct 14) -$483,476.25 | Z-Score -7.71 (100%) |
| Commissions $0 | Avg. Trade Length 11m 3w 4d | Expectancy $47,991.04 |
| Loss Size | 100% | 90% | 80% | 70% | 60% | 50% | 40% | 30% | 20% | 10% |
| Probability of Loss | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% |
| Consecutive Losing Trades | 4,950 | 4,455 | 3,960 | 3,465 | 2,970 | 2,475 | 1,980 | 1,485 | 990 | 495 |
Hover over the desired column for a detailed explanation.
Returns
Overall, Monthly| Symbol | Quantity | Cost | Value | Comm. | Profit ($) | Gain (%) | Change |
|---|---|---|---|---|---|---|---|
| AFB AllianceBernstein National Municipal Income Fund | 169,976 | $1.75M | $1.63M | - | -$122,382.55 | -6.98% | +2.021% |
| AFRM Affirm Holdings, Inc. | 3,541 | $244,825 | $251,729.69 | - | $6,904.69 | 2.82% | +0.823% |
| AVGO Broadcom Inc. | 1,627 | $377,203.68 | $551,902.8 | - | $174,699.12 | 46.31% | -2.032% |
| BBN BlackRock Taxable Municipal Bond Trust | 56,424 | $908,990.67 | $820,122.84 | - | -$88,867.83 | -9.78% | +1.421% |
| BHK BlackRock Core Bond Trust | 55,308 | $537,594 | $456,567.54 | - | -$81,026.46 | -15.07% | +1.971% |
| BIT BlackRock Multi-Sector Income Trust | 162,069 | $2.12M | $1.8M | - | -$319,727.63 | -15.08% | -0.268% |
| BTZ BlackRock Credit Allocation Income Trust | 420,186 | $4.4M | $3.94M | - | -$453,787.1 | -10.32% | +0.482% |
| BWG BrandywineGlobal Global Income Opportunities Fund Inc. | 179,226 | $1.45M | $1.24M | - | -$209,036.81 | -14.4% | +0.799% |
| CARY Angel Oak Income ETF | 110,405 | $2.32M | $2.23M | - | -$88,821.45 | -3.82% | +0.248% |
| DCRE DoubleLine Commercial Real Estate ETF | 5,197 | $268,299.85 | $264,423.36 | - | -$3,876.49 | -1.44% | +0.217% |
| DHY Credit Suisse High Yield Bond Fund | 104,539.8 | $1.86M | $1.67M | - | -$187,649.02 | -10.08% | -0.898% |
| DLY DoubleLine Yield Opportunities Fund | 227,782 | $3.26M | $2.97M | - | -$283,927.04 | -8.72% | +0.616% |
| DSL DoubleLine Income Solutions Fund | 166,033 | $1.85M | $1.62M | - | -$234,313.35 | -12.65% | +1.089% |
| EDD Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 1.05M | $5.22M | $5.56M | - | $336,136.67 | 6.44% | +1.727% |
| EDV Vanguard Extended Duration Treasury ETF | 18,894 | $1.27M | $1.09M | - | -$181,004.28 | -14.23% | +2.404% |
| EIM Eaton Vance Municipal Bond Fund | 392,059 | $3.79M | $3.45M | - | -$345,247.12 | -9.11% | +0.565% |
| EMD Western Asset Emerging Markets Debt Fund Inc. | 311,012 | $2.99M | $2.89M | - | -$101,661.2 | -3.4% | +1.641% |
| ERC Allspring Multi-Sector Income Fund | 201,234 | $1.91M | $1.7M | - | -$210,442.63 | -11% | +0.296% |
| FAX FAX | 263,270 | $4.19M | $4.19M | - | - | - | 0.0 |
| FEMB First Trust Emerging Markets Local Currency Bond ETF | 24,636 | $711,487.58 | $712,123.29 | - | $635.71 | 0.09% | +0.437% |
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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 - $2.46M, VANGUARD FTSE DEVELOPED MARKETS ETF - $1.75M, Morgan Stanley Emerging Markets Domestic Debt Fund, Inc - $1.19M, Invesco QQQ Trust, Series 1 - $1.15M, 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 $13.4M earned over time. The largest contributors to dividend income include Morgan Stanley Emerging Markets Domestic Debt Fund, Inc - $1.16M, VANGUARD FTSE DEVELOPED MARKETS ETF - $1.13M, SPDR Bloomberg 1-3 Month T-Bill ETF - $888,200.07, Vanguard S&P 500 ETF - $736,203.11, and First Trust Intermediate Duration Preferred & Income Fund - $530,033.37. 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.
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