ANGEL OAK FINL STRATEGIES IN FINS
COM BEN INT · Closed-End Fund · CUSIP 03464A100
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $12.49.
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 44 |
| Q4 2022 | 46 |
| Q1 2023 | 42 |
| Q2 2023 | 36 |
| Q3 2023 | 34 |
| Q4 2023 | 41 |
| Q1 2024 | 34 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 22 | 24 |
| Q1 2023 | 22 | 20 |
| Q2 2023 | 12 | 25 |
| Q3 2023 | 22 | 12 |
| Q4 2023 | 26 | 14 |
| Q1 2024 | 17 | 19 |
Biggest buyers
| MORGAN STANLEY | Added | +2.3m |
| SIT INVESTMENT ASSOCIATES INC | Added | +1.5m |
| Karpus Management, Inc. | Added | +285.9k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | Added | +51.4k |
| ROYAL BANK OF CANADA | Added | +32.3k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | Added | +13.2k |
| FIRST TRUST ADVISORS LP | Added | +12.9k |
| Cetera Investment Advisers | New | +12.9k |
| SFI Advisors, LLC | Added | +12.7k |
| STIFEL FINANCIAL CORP | Added | +11.8k |
Biggest sellers
| WOLVERINE TRADING, LLC | Sold out | -415.6k |
| UBS Group AG | Reduced | -105.8k |
| EQUITEC PROPRIETARY MARKETS, LLC | Reduced | -34.6k |
| Shaker Financial Services, LLC | Sold out | -33.2k |
| Weiss Asset Management LP | Sold out | -27.9k |
| HighTower Advisors, LLC | Sold out | -24.1k |
| Fisher Asset Management, LLC | Sold out | -18.5k |
| LPL Financial LLC | Reduced | -11.8k |
| Ignite Planners, LLC | Reduced | -9.4k |
| Elequin Capital, LP | Sold out | -7.4k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| MetLife Investment Management, LLC 13G · institution new · filed 2026-06-05 | 100.0% |
| SIT INVESTMENT ASSOCIATES INC 13G · institution +8.1 pts · filed 2025-06-05 | 28.7% |
| Karpus Management, Inc. 13G · institution -1.4 pts · filed 2026-05-14 | 14.1% |
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 6.8m $85.1m | Added +2.3m |
| Karpus Management, Inc. 1.62% of their portfolio | 4.5m $56.3m | Added +285.9k |
| SIT INVESTMENT ASSOCIATES INC 0.67% of their portfolio | 2.3m $29.0m | Added +1.5m |
| UBS Group AG 0.00% of their portfolio | 716.2k $8.9m | Reduced -105.8k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.53% of their portfolio | 500.8k $6.3m | Added +51.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 261.9k $3.3m | Added +32.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 231.0k $2.9m | Added +11.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 168.6k $2.1m | Reduced -6.4k |
| LPL Financial LLC 0.00% of their portfolio | 128.9k $1.6m | Reduced -11.8k |
| Chicago Partners Investment Group LLC 0.06% of their portfolio | 112.8k $1.4m | Added +250 |
| EQUITEC PROPRIETARY MARKETS, LLC 2.46% of their portfolio | 111.0k $1.4m | Reduced -34.6k |
| Twelve Points Wealth Management LLC 0.44% of their portfolio | 96.8k $1.2m | Reduced -2.1k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 94.9k $1.2m | Reduced -7.1k |
| Dakota Wealth Management 0.02% of their portfolio | 61.8k $771.6k | Added +1.7k |
| SFI Advisors, LLC 0.55% of their portfolio | 56.6k $707.3k | Added +12.7k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 46.7k $581.1k | Reduced -3.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 41.8k $522.3k | Added +12.9k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.05% of their portfolio | 41.4k $517.1k | Added +5.4k |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 32.0k $400.0k | Reduced -4.6k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 24.4k $304.4k | Added +13.2k |
| D.A. DAVIDSON & CO. 0.00% of their portfolio | 16.7k $208.1k | Reduced -2.1k |
| Lido Advisors, LLC 0.00% of their portfolio | 13.5k $168.2k | Unchanged |
| Catalina Capital Group, LLC 0.07% of their portfolio | 13.1k $163.2k | Added +284 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 12.9k $161.3k | Added +2.3k |
| Cetera Investment Advisers 0.00% of their portfolio | 12.9k $160.7k | New |
| RAYMOND JAMES TRUST N.A. 0.00% of their portfolio | 12.4k $154.7k | Not comparable |
| Ignite Planners, LLC 0.04% of their portfolio | 11.7k $146.4k | Reduced -9.4k |
| Live Oak Private Wealth LLC 0.02% of their portfolio | 10.6k $132.8k | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 7.4k $92.2k | Added +4 |
| Towne Trust Company, N.A 0.01% of their portfolio | 2.0k $25.0k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.9k $24.1k | Added +332 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 1.4k $17.7k | Unchanged |
| Highlander Capital Management, LLC 0.00% of their portfolio | 500 $6.2k | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |