Rareview Capital LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Rareview Capital LLC reported 51 stock positions worth $158.4 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 15.9% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 11.2%) and Invesco QQQ Trust Series 1 (QQQ, 9.2%). Compared with Q1 2025, it opened 9 new positions, sold out of 3, added to 9 and reduced 31. The biggest buy was a new position in SS Spdrb B 3-12M T-Bill ETF (BILS) and the biggest sale Nuveen Municipal Credit (NZF, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- LAS VEGAS, NV
- CIK
- 0002044533
- Portfolio Value
- $158.4M (Q2 2025)
- SEC Filing
- 0001420506-25-001705 ↗ filed Aug 5, 2025
Holdings Value
Holdings 51 stocks · $158.4M
| VOO Vanguard S&P 500 ETF | 15.93% | 44,416 | $25.2M | Reduce -16.7% |
| VEA Vanguard Ftse Developed ETF | 11.18% | 310,735 | $17.7M | Reduce -17.1% |
| QQQ Invesco QQQ Trust Series 1 | 9.17% | 26,320 | $14.5M | Reduce -20.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 8.23% | 142,193 | $13.0M | Add +28.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 4.54% | 30,338 | $7.2M | Reduce -13.2% |
| VWO Vanguard Ftse Emerging Marke | 4.49% | 143,735 | $7.1M | Reduce -15.6% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 2.81% | 44,841 | $4.5M | New |
| BLE BlackRock Muni Inc. TR II | 2.14% | 337,657 | $3.4M | Add +11.1% |
| XEMDX Western Asset Emrg MRKT DBT | 2.13% | 335,937 | $3.4M | Reduce -5.7% |
| MHD BlackRock Muniholdings Fund | 2.13% | 301,003 | $3.4M | Add +143.0% |
| EDD Morgan Stanley Emrg MRK Dom | 2.01% | 620,755 | $3.2M | Reduce -9.3% |
| NAD Nuveen Quality Municipal Inc. | 1.93% | 270,646 | $3.1M | Reduce -25.7% |
| MMU Western Asset Managed Munici | 1.86% | 297,490 | $2.9M | Reduce -6.7% |
| TBIL F/M US Treasury 3 Month Bill | 1.70% | 53,821 | $2.7M | No change |
| IQI Invesco Quality Muni Inc. TR | 1.53% | 259,190 | $2.4M | Reduce -6.8% |
| VMO Invesco Municipal Opport | 1.51% | 261,114 | $2.4M | Reduce -7.1% |
| XEADX Allspring Income Opport | 1.48% | 331,813 | $2.3M | Reduce -4.5% |
| TEI Templeton Emrg MKTS Inc. | 1.46% | 384,161 | $2.3M | Reduce -9.3% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 1.45% | 210,016 | $2.3M | Reduce -7.2% |
| VKQ Invesco Municipal Trust | 1.38% | 238,154 | $2.2M | Reduce -6.5% |
| KIO KKR Income Opportunities | 1.36% | 171,844 | $2.2M | New |
| FAX Abrdn Asia-Pacific Income | 1.36% | 135,213 | $2.2M | Reduce -4.6% |
| RA Brookfield Real Assets Incom | 1.32% | 156,324 | $2.1M | Reduce -0.4% |
| XMYDX BlackRock Muniyield Fund | 1.26% | 199,334 | $2.0M | Add +98.5% |
| BFK BlackRock Municipal Inc. TRST | 1.20% | 197,474 | $1.9M | New |
| LDP Cohen & Steers Limited Durat | 1.17% | 88,694 | $1.9M | Add +49.9% |
| FPF First TR Interm Dur & Inc. | 1.17% | 98,637 | $1.9M | Reduce -9.3% |
| BTZ BlackRock Credit Allocation | 1.10% | 159,518 | $1.7M | Add +3.5% |
| HIX Western Asset High Inc. II | 1.03% | 381,889 | $1.6M | Add +8.5% |
| NBH Neuberger Municipal Fund Inc. | 0.98% | 157,355 | $1.5M | New |
| CARY Angel Oak Income ETF | 0.90% | 68,709 | $1.4M | Add +1.3% |
| HYEM Vaneck Emrg MKTS Hi YLD | 0.83% | 66,617 | $1.3M | Add +254.0% |
| NVG Nuveen Amt-FR Muni CRDT | 0.80% | 105,783 | $1.3M | Reduce -48.2% |
| ERC Allspring Multi-Sector Inc. | 0.73% | 121,778 | $1.2M | Reduce -28.3% |
| PDX PIMCO Dynamic Income Strat | 0.70% | 45,130 | $1.1M | New |
| FTF Franklin Ltd. Dur Inc. TR | 0.68% | 168,741 | $1.1M | Reduce -9.3% |
| NPFD Nuveen Var RT Pref & Inc. | 0.53% | 43,415 | $837K | Reduce -40.7% |
| SDHY Pgim SHRT Durat Hi YLD | 0.49% | 45,750 | $770K | Reduce -61.0% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.47% | 66,107 | $738K | Reduce -7.8% |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | 0.44% | 58,648 | $690K | Reduce -7.8% |
| AGNC AGNC Investment Corp. | 0.40% | 68,326 | $628K | Reduce -10.2% |
| BHK BlackRock Core Bond Trust | 0.34% | 55,308 | $538K | New |
| XEVMX Eaton Vance Cal Muni Bond | 0.29% | 51,218 | $457K | Reduce -7.7% |
| AVGO Broadcom Inc. | 0.28% | 1,627 | $448K | No change |
| DCRE DBL Comm Real Est Debt | 0.26% | 8,009 | $417K | Reduce -3.8% |
| EHI Western Asset Global High Inc. | 0.18% | 42,545 | $278K | Reduce -58.3% |
| MUC BlackRock Munihold Ca QLTY | 0.16% | 25,152 | $260K | Reduce -7.7% |
| AFRM Affirm Holdings Inc. | 0.15% | 3,541 | $245K | New |
| MSFT Microsoft Corp. | 0.15% | 471 | $234K | New |
| BWG Brandywineglobal Global Inco | 0.14% | 25,965 | $216K | New |
| NZF Nuveen Municipal Credit Inc. | 0.08% | 10,442 | $124K | Reduce -97.4% |
Portfolio Sells Q1 2025 → Q2 2025
| NZF Nuveen Municipal Credit Inc. | Reduce -97.4% | 0.08% | −3.01 |
| VOO Vanguard S&P 500 ETF | Reduce -16.7% | 15.93% | −1.43 |
| IIM Invesco Value Municipal Inco | Sold out | 0.00% | −1.11 |
| VEA Vanguard Ftse Developed ETF | Reduce -17.1% | 11.18% | −0.88 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -48.2% | 0.80% | −0.80 |
| SDHY Pgim SHRT Durat Hi YLD | Reduce -61.0% | 0.49% | −0.74 |
| NAD Nuveen Quality Municipal Inc. | Reduce -25.7% | 1.93% | −0.73 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -20.3% | 9.17% | −0.64 |
| VWO Vanguard Ftse Emerging Marke | Reduce -15.6% | 4.49% | −0.39 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -13.2% | 4.54% | −0.37 |
| NPFD Nuveen Var RT Pref & Inc. | Reduce -40.7% | 0.53% | −0.34 |
| ERC Allspring Multi-Sector Inc. | Reduce -28.3% | 0.73% | −0.26 |
| EHI Western Asset Global High Inc. | Reduce -58.3% | 0.18% | −0.25 |
| BEGS RRVW 2X BLL Crypt&prc MTLS | Sold out | 0.00% | −0.24 |
| MMU Western Asset Managed Munici | Reduce -6.7% | 1.86% | −0.22 |
| VKQ Invesco Municipal Trust | Reduce -6.5% | 1.38% | −0.18 |
| VMO Invesco Municipal Opport | Reduce -7.1% | 1.51% | −0.18 |
| IQI Invesco Quality Muni Inc. TR | Reduce -6.8% | 1.53% | −0.17 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Reduce -7.2% | 1.45% | −0.16 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.13 |
| XEMDX Western Asset Emrg MRKT DBT | Reduce -5.7% | 2.13% | −0.10 |
| FPF First TR Interm Dur & Inc. | Reduce -9.3% | 1.17% | −0.10 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -9.3% | 0.68% | −0.08 |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | Reduce -7.8% | 0.44% | −0.07 |
| AGNC AGNC Investment Corp. | Reduce -10.2% | 0.40% | −0.07 |
| FAX Abrdn Asia-Pacific Income | Reduce -4.6% | 1.36% | −0.05 |
| NAC Nuveen Ca QLTY Muni Inc. | Reduce -7.8% | 0.47% | −0.04 |
| XEVMX Eaton Vance Cal Muni Bond | Reduce -7.7% | 0.29% | −0.04 |
| EDD Morgan Stanley Emrg MRK Dom | Reduce -9.3% | 2.01% | −0.03 |
| XEADX Allspring Income Opport | Reduce -4.5% | 1.48% | −0.03 |
| MUC BlackRock Munihold Ca QLTY | Reduce -7.7% | 0.16% | −0.02 |
| DCRE DBL Comm Real Est Debt | Reduce -3.8% | 0.26% | −0.01 |
| TEI Templeton Emrg MKTS Inc. | Reduce -9.3% | 1.46% | +0.01 |
| RA Brookfield Real Assets Incom | Reduce -0.4% | 1.32% | +0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| BILS SS Spdrb B 3-12M T-Bill ETF | New | 2.81% | +2.81 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +28.5% | 8.23% | +1.81 |
| KIO KKR Income Opportunities | New | 1.36% | +1.36 |
| MHD BlackRock Muniholdings Fund | Add +143.0% | 2.13% | +1.21 |
| BFK BlackRock Municipal Inc. TRST | New | 1.20% | +1.20 |
| NBH Neuberger Municipal Fund Inc. | New | 0.98% | +0.98 |
| PDX PIMCO Dynamic Income Strat | New | 0.70% | +0.70 |
| HYEM Vaneck Emrg MKTS Hi YLD | Add +254.0% | 0.83% | +0.60 |
| XMYDX BlackRock Muniyield Fund | Add +98.5% | 1.26% | +0.59 |
| LDP Cohen & Steers Limited Durat | Add +49.9% | 1.17% | +0.41 |
| BHK BlackRock Core Bond Trust | New | 0.34% | +0.34 |
| AFRM Affirm Holdings Inc. | New | 0.15% | +0.15 |
| MSFT Microsoft Corp. | New | 0.15% | +0.15 |
| BLE BlackRock Muni Inc. TR II | Add +11.1% | 2.14% | +0.14 |
| BWG Brandywineglobal Global Inco | New | 0.14% | +0.14 |
| HIX Western Asset High Inc. II | Add +8.5% | 1.03% | +0.10 |
| BTZ BlackRock Credit Allocation | Add +3.5% | 1.10% | +0.05 |
| CARY Angel Oak Income ETF | Add +1.3% | 0.90% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 51 | $178.8M | VOO, VEA, QQQ, VWO, VB |
| Q1 2026 | 52 | $170.6M | VOO, VEA, QQQ, VWO, VB |
| Q4 2025 | 51 | $154.2M | VOO, VEA, QQQ, VWO, VB |
| Q3 2025 | 51 | $163.8M | VOO, VEA, BIL, QQQ, VB |
| Q2 2025 | 51 | $158.4M | VOO, VEA, QQQ, BIL, VB |
| Q1 2025 | 45 | $157.9M | VOO, VEA, QQQ, BIL, VB |
| Q4 2024 | 53 | $138.2M | VOO, TBIL, VEA, QQQ, NZF |
| Q3 2024 | 49 | $133.9M | VOO, VEA, TBIL, QQQ, NVG |
| Q2 2024 | 45 | $104.5M | BIL, VOO, VEA, QQQ, NVG |
| Q1 2024 | 44 | $101.7M | VOO, BIL, VEA, VB, VWO |