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Rareview Capital LLC — 13F Holdings & Portfolio

CIK 2044533 · latest 13F-HR filed 2026-07-23

Backtest portfolio

Rareview Capital LLC manages $178.8M in 13F-reported U.S. long-equity assets across 51 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (15.70%), VEA (10.79%), QQQ (8.12%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 4; 29 existing positions rose in reported value and 11 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.

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AUM
$178.8M

Long-equity book

Holdings
51

Distinct positions

Period
2026-06-30

Filed 2026-07-23

Q/Q Activity
+3 / −4 / ↑29 / ↓11

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
VOO15.7% · +7%VEA10.8% · +7%QQQ8.1% · -3%VWO4.4% · +6%VB4.4% · +6%MHD3.4% · -10%EDD3.0% · +9%BTZ2.6% · +14%MQY2.5% · -10%HYT2.5% · +47%FAX2.3% · +10%MYI2.3% · -16%NBH2.2% · -14%EIM2.1% · +53%RA2.1% · +10%TEI2.0% · +10%HIO2.0% · +31%DLY2.0% · +35%EMD1.7% · +8%LDP1.7% · +10%MMU1.5% · -21%FPF1.4% · +45%KIO1.4% · +10%PDX1.4% · +10%MSD1.4% · +16%BIT1.3% · +10%CARY1.3% · +11%DHY1.2% · newDSL1.1% · +118%ERC1.1% · +10%AFB1.0% · -60%PML1.0% · newTSI0.8% · +1912%BWG0.8% · +57%MUC0.7% · -32%EDV0.7% · -38%BBN0.5% · -27%NAC0.4% · +0%FEMB0.4% · -8%NKX0.4% · +0%MMD0.3% · +260%PTA0.3% · -58%BHK0.3% · 0%HYEM0.3% · +20%PCQ0.3% · +0%AVGO0.3% · 0%DCRE0.2% · +20%USHY0.1% · +22%AFRM0.1% · 0%MSFT0.1% · 0%ROE0.1% · new

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

3 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 = 57.3%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 18, 2026.

Assets Under Management
$537.5M
Discretionary
$534.6M
Employees
8
Accounts
37
Address
10785 W. TWAIN AVENUE
SUITE 210
LAS VEGAS, NV 89135
Phone
(212) 475-8664
Website
Name Title / Status Ownership Type
AZOUS, NEIL, DAVID ControlMANAGING MEMBER & CHIEF INVESTMENT OFFICER
since Jun 2016
Less than 5%Individual
NEIL AZOUS REVOCABLE TRUST ControlMEMBER
since Jun 2016
75% or moreDomestic Entity
COHEN, GERALD, LESLIEMEMBER
since Nov 2016
5–10%Individual
Hirsch, David, AlanMEMBER
since Nov 2016
5–10%Individual
NOSCHESE, LOUIS, JAMESMEMBER
since Nov 2017
Less than 5%Individual
SEDACCA, MICHAEL, RICHMONDMEMBER
since Jun 2016
5–10%Individual
WALSH, JULIE, L.CHIEF COMPLIANCE OFFICER
since Mar 2022
Less than 5%Individual
AZOUS, NEIL, DAVID Control
Indirect owner via NEIL AZOUS REVOCABLE TRUST
TRUSTEE
since Jun 2016
General partner, trustee or managerIndividual
AZOUS, NEIL, DAVID Control
Indirect owner via NEIL AZOUS REVOCABLE TRUST
OWNER
since Jun 2016
75% or moreIndividual
Ownership & leadership changes · 6 filings with changes since Jun 30, 2016

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 29, 2022 filing
  • No longer listedDeangelis, Mark, Joseph · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Aug 2021
  • AddedAZOUS, NEIL, DAVID · OWNER / TRUSTEE · General partner, trustee or manager · indirect via NEIL AZOUS REVOCABLE TRUST · control person
  • AddedWALSH, JULIE, L. · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedAZOUS, NEIL, DAVID · ownership 50–75% → Less than 5%
  • ChangedCOHEN, GERALD, LESLIE · ownership 10–25% → 5–10%
  • ChangedHirsch, David, Alan · ownership 10–25% → 5–10%
  • ChangedNEIL AZOUS REVOCABLE TRUST · ownership 50–75% → 75% or more
Sep 27, 2021 filing
  • AddedDeangelis, Mark, Joseph · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedAZOUS, NEIL, DAVID · title CHIEF COMPLIANCE OFFICER / MANAGING MEMBER & CHIEF INVESTMENT OFFICER → MANAGING MEMBER & CHIEF INVESTMENT OFFICER; ownership 75% or more → 50–75%
Mar 29, 2021 filing
  • No longer listedPANAGROSSI, DAVID, MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Oct 2016
  • ChangedAZOUS, NEIL, DAVID · title MANAGING MEMBER & CHIEF INVESTMENT OFFICER → CHIEF COMPLIANCE OFFICER / MANAGING MEMBER & CHIEF INVESTMENT OFFICER; ownership 50–75% → 75% or more
Mar 16, 2018 filing
  • AddedNOSCHESE, LOUIS, JAMES · MEMBER · Less than 5%
Mar 21, 2017 filing
  • AddedCOHEN, GERALD, LESLIE · MEMBER · 10–25%
  • AddedHirsch, David, Alan · MEMBER · 10–25%
  • AddedNEIL AZOUS REVOCABLE TRUST · MEMBER · 50–75% · control person
  • ChangedAZOUS, NEIL, DAVID · ownership 75% or more → 50–75%
Nov 4, 2016 filing
  • AddedPANAGROSSI, DAVID, MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedAZOUS, NEIL, DAVID · title MANAGING MEMBER & CHIEF COMPLIANCE OFFICER → MANAGING MEMBER & CHIEF INVESTMENT OFFICER
Jun 30, 2016 filing (earliest on record)
  • ListedAZOUS, NEIL, DAVID · MANAGING MEMBER & CHIEF COMPLIANCE OFFICER · 75% or more · control person
  • ListedSEDACCA, MICHAEL, RICHMOND · MEMBER · 5–10%

Quarter-over-quarter changes

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

Rareview Capital 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 VANGUARD INDEX FDS VOO 922908363 $28.1M 15.70% 49,439 SH
2 VANGUARD TAX-MANAGED FDS VEA 921943858 $19.3M 10.79% 338,468 SH
3 INVESCO QQQ TR QQQ 46090E103 $14.5M 8.12% 26,341 SH
4 VANGUARD INTL EQUITY INDEX F VWO 922042858 $7.9M 4.39% 158,809 SH
5 VANGUARD INDEX FDS VB 922908751 $7.8M 4.37% 32,970 SH
6 BLACKROCK MUNIHOLDINGS FD IN MHD 09253N104 $6.1M 3.43% 548,051 SH
7 MORGAN STANLEY EMERGING MKTS EDD 617477104 $5.4M 3.00% 1,048,147 SH
8 BLACKROCK CR ALLOCATION BTZ 092508100 $4.6M 2.57% 420,186 SH
9 BLACKROCK MUNIYILD QULT FD I MQY 09254F100 $4.5M 2.49% 401,225 SH
10 BLACKROCK CORPOR HI YLD FD I HYT 09255P107 $4.4M 2.47% 452,806 SH
11 ABRDN ASIA PACIFIC INCOME FU FAX 003009867 $4.2M 2.34% 263,270 SH
12 BLACKROCK MUNIYIELD QUALITY MYI 09254E103 $4.0M 2.26% 385,009 SH
13 NEUBERGER MUN FD INC NBH 64124P101 $3.9M 2.18% 396,617 SH
14 EATON VANCE MUN BD FD EIM 27827X101 $3.8M 2.12% 392,059 SH
15 BROOKFIELD REAL ASSETS INCOM RA 112830104 $3.7M 2.08% 277,726 SH
16 TEMPLETON EMERGING MKTS INCO TEI 880192109 $3.6M 2.03% 605,008 SH
17 WESTERN ASSET HIGH INCOME OP HIO 95766K109 $3.6M 2.01% 903,653 SH
18 DOUBLELINE YIELD OPPORTUNITI DLY 25862D105 $3.6M 1.99% 227,782 SH
19 WESTERN ASSET EMERGING MKTS EMD 95766A101 $3.1M 1.75% 311,012 SH
20 COHEN & STEERS LTD DURATION LDP 19248C105 $3.1M 1.71% 145,557 SH
21 WESTERN ASSET MANAGED MUNS F MMU 95766M105 $2.7M 1.51% 273,376 SH
22 FIRST TR INTER DURATN PFD & FPF 33718W103 $2.5M 1.40% 133,367 SH
23 KKR INCOME OPPORTUNITIES FD KIO 48249T106 $2.5M 1.40% 198,863 SH
24 PIMCO DYNAMIC INCOME STRATEG PDX 69346N107 $2.4M 1.36% 98,718 SH
25 MORGAN STANLEY EMKT DBT FD I MSD 61744H105 $2.4M 1.35% 312,755 SH
26 BLACKROCK MULTI SECTOR INC T BIT 09258A107 $2.4M 1.32% 162,069 SH
27 ANGEL OAK FUNDS TRUST CARY 03463K760 $2.3M 1.28% 110,405 SH
28 CREDIT SUISSE HIGH YIELD CRE DHY 22544F103 $2.2M 1.25% 1,045,398 SH
29 DOUBLELINE INCOME SOLUTIONS DSL 258622109 $2.0M 1.14% 166,033 SH
30 ALLSPRING MULTI SECTOR INCOM ERC 94987D101 $1.9M 1.06% 201,234 SH
31 ALLIANCEBERNSTEIN NATL MUN I AFB 01864U106 $1.8M 0.98% 169,976 SH
32 PIMCO MUN INCOME FD II PML 72200W106 $1.7M 0.97% 232,046 SH
33 TCW STRATEGIC INCOME FD INC TSI 872340104 $1.5M 0.84% 307,541 SH
34 BRANDYWINEGBL GBL INCM OPP F BWG 10537L104 $1.5M 0.83% 179,226 SH
35 BLACKROCK MUNIHLDNGS CALI MUC 09254L107 $1.3M 0.73% 125,561 SH
36 VANGUARD WORLD FD EDV 921910709 $1.3M 0.71% 18,894 SH
37 BLACKROCK TAX MUNICPAL BD TR BBN 09248X100 $909.0K 0.51% 56,424 SH
38 NUVEEN CA DIVI ADV MUN NAC 67066Y105 $741.0K 0.41% 66,339 SH
39 FIRST TR EXCH TRADED FD III FEMB 33739P202 $711.5K 0.40% 24,636 SH
40 NUVEEN CALIF AMT FREE MUNI I NKX 670651108 $693.1K 0.39% 58,889 SH
41 NYLI MACKAY DEFINEDTERM MUNI MMD 56064K100 $574.1K 0.32% 38,814 SH
42 COHEN & STEERS TAX ADVAN PFD PTA 19249X108 $542.4K 0.30% 27,393 SH
43 BLACKROCK CORE BD TR BHK 09249E101 $537.6K 0.30% 55,308 SH
44 VANECK ETF TRUST HYEM 92189F353 $486.7K 0.27% 24,557 SH
45 PIMCO CALIF MUN INCOME FD PCQ 72200N106 $478.4K 0.27% 55,690 SH
46 BROADCOM INC AVGO 11135F101 $448.4K 0.25% 1,627 SH
47 DOUBLELINE ETF TRUST DCRE 25861R303 $270.4K 0.15% 5,197 SH
48 ISHARES TR USHY 46435U853 $254.3K 0.14% 6,779 SH
49 AFFIRM HLDGS INC AFRM 00827B106 $244.8K 0.14% 3,541 SH
50 MICROSOFT CORP MSFT 594918104 $234.2K 0.13% 471 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-23 $178.8M 51 0001420506-26-001274
2026-03-31 2026-04-27 $170.6M 52 0001420506-26-000761
2025-12-31 2026-01-29 $154.2M 51 0001420506-26-000108
Filer Information
Address
10785 W. TWAIN AVENUE
SUITE 210
LAS VEGAS, NV 89135
Phone
(212) 475-8664
Filing Manager
Rareview Capital LLC
LAS VEGAS, NV
Signatory
Neil D Azous
Managing Member