Vault-13

ANGEL OAK FINL STRATEGIES IN FINS

COM BEN INT · Closed-End Fund · CUSIP 03464A100

39 institutional holders +3 vs Q3 2024
14,156,23714.2m shares reported held*
$179.8mreported value*
7 new 13 added 10 reduced 6 sold out net bought ≈ $16.9m (+1.3m shares)

* 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 ≈ $12.70.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 44Q4 22: 46Q1 23: 42Q2 23: 36Q3 23: 34Q4 23: 41Q1 24: 34Q2 24: 35Q3 24: 36Q4 24: 3939Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202244
Q4 202246
Q1 202342
Q2 202336
Q3 202334
Q4 202341
Q1 202434
Q2 202435
Q3 202436
Q4 202439

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q1 23: 22 bought or addedQ1 23: 20 cut or sold outQ2 23: 12 bought or addedQ2 23: 25 cut or sold outQ2 23Q3 23: 22 bought or addedQ3 23: 12 cut or sold outQ4 23: 26 bought or addedQ4 23: 14 cut or sold outQ4 23Q1 24: 17 bought or addedQ1 24: 19 cut or sold outQ2 24: 17 bought or addedQ2 24: 12 cut or sold outQ2 24Q3 24: 18 bought or addedQ3 24: 18 cut or sold outQ4 24: 20 bought or addedQ4 24: 16 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232220
Q2 20231225
Q3 20232212
Q4 20232614
Q1 20241719
Q2 20241712
Q3 20241818
Q4 20242016

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +1,877,565+1.9m
WELLS FARGO & COMPANY/MN Added +935,731+935.7k
Advisors Asset Management, Inc. New +101,605+101.6k
Shaker Financial Services, LLC Added +55,865+55.9k
StoneX Group Inc. New +47,023+47.0k
Transform Wealth, LLC New +42,800+42.8k
STIFEL FINANCIAL CORP Added +38,027+38.0k
RIVERBRIDGE PARTNERS LLC Added +31,324+31.3k
Jefferies Financial Group Inc. New +25,000+25.0k
Catalina Capital Group, LLC New +16,052+16.1k

Biggest sellers

MORGAN STANLEY Reduced -1,243,786-1.2m
Karpus Management, Inc. Reduced -563,605-563.6k
HighTower Advisors, LLC Sold out -30,919-30.9k
NATIONS FINANCIAL GROUP INC, /IA/ /ADV Reduced -21,732-21.7k
COMMONWEALTH EQUITY SERVICES, LLC Sold out -11,667-11.7k
Twelve Points Wealth Management LLC Reduced -9,345-9.3k
OSAIC HOLDINGS, INC. Reduced -3,751-3.8k
Towne Trust Company, N.A Sold out -2,000-2.0k
Steward Partners Investment Advisory, LLC Reduced -1,583-1.6k
BESSEMER GROUP INC Sold out -852-852

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.

HolderStakeChangeShares Last filed
MetLife Investment Management, LLC 13G · institution new · filed 2026-06-05 100.0% new 2.0m 2026-06-05
SIT INVESTMENT ASSOCIATES INC 13G · institution +8.1 pts · filed 2025-06-05 28.7% +8.1 pts 9.6m≈ $122.6m 2025-06-05
Karpus Management, Inc. 13G · institution -1.4 pts · filed 2026-05-14 14.1% -1.4 pts 4.7m≈ $60.1m 2026-05-14

Insider purchases and sales in Q4 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 Q4 2024.

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 1.49% of their portfolio Minneapolis, MN 5,157,5645.2m $65.5m $65.5m 1.49% Added +1.9m +1,877,565
2 Karpus Management, Inc. 1.42% of their portfolio Pittsford, NY 3,771,4513.8m $47.9m $47.9m 1.42% Reduced -563.6k -563,605
3 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,110,2411.1m $14.1m $14.1m 0.00% Added +935.7k +935,731
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 878,020878.0k $11.2m $11.2m 0.00% Reduced -1.2m -1,243,786
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 694,928694.9k $8.8m $8.8m 0.00% Reduced -118 -118
6 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.48% of their portfolio CEDAR RAPIDS, IA 519,062519.1k $6.6m $6.6m 0.48% Reduced -21.7k -21,732
7 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 293,440293.4k $3.7m $3.7m 0.00% Added +38.0k +38,027
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 280,799280.8k $3.6m $3.6m 0.00% Added +2.5k +2,548
9 Noble Wealth Management PBC 1.68% of their portfolio GREENWOOD VILLAGE, CO 190,665190.7k $2.4m $2.4m 1.68% First filing
10 Shaker Financial Services, LLC 0.75% of their portfolio Arlington, VA 154,668154.7k $2.0m $2.0m 0.75% Added +55.9k +55,865
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 132,850132.8k $1.7m $1.7m 0.00% Added +1.3k +1,284
12 Chicago Partners Investment Group LLC 0.05% of their portfolio CHICAGO, IL 113,016113.0k $1.5m $1.5m 0.05% Added +245 +245
13 RIVERBRIDGE PARTNERS LLC 0.02% of their portfolio MINNEAPOLIS, MN 106,333106.3k $1.4m $1.4m 0.02% Added +31.3k +31,324
14 Advisors Asset Management, Inc. 0.02% of their portfolio Monument, CO 101,605101.6k $1.3m $1.3m 0.02% New
15 Twelve Points Wealth Management LLC 0.32% of their portfolio CONCORD, MA 87,40187.4k $1.1m $1.1m 0.32% Reduced -9.3k -9,345
16 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 71,43671.4k $907.2k $907.2k 0.00% Added +9.2k +9,154
17 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 61,85061.9k $785.5k $785.5k 0.02% Reduced -750 -750
18 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 59,05059.0k $749.9k $749.9k 0.00% First filing
19 StoneX Group Inc. 0.03% of their portfolio NEW YORK, NY 47,02347.0k $597.2k $597.2k 0.03% New
20 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 43,28143.3k $549.7k $549.7k 0.00% Reduced -3.8k -3,751
21 Transform Wealth, LLC 0.03% of their portfolio GREENWOOD VILLAGE, CO 42,80042.8k $543.6k $543.6k 0.03% New
22 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 25,46625.5k $323.4k $323.4k 0.00% Added +1.2k +1,164
23 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 25,00025.0k $317.5k $317.5k 0.00% New
24 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 24,37024.4k $309.5k $309.5k 0.00% Unchanged
25 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 22,97223.0k $291.7k $291.7k 0.00% Reduced -146 -146
26 COMERICA BANK 0.00% of their portfolio DALLAS, TX 19,61219.6k $249.1k $249.1k 0.00% Added +12.1k +12,096
27 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 17,75917.8k $226.0k $226.0k 0.01% Added +1.9k +1,900
28 Catalina Capital Group, LLC 0.07% of their portfolio Torrance, CA 16,05216.1k $203.9k $203.9k 0.07% New
29 SFI Advisors, LLC 0.12% of their portfolio Montclair, NJ 13,51313.5k $171.6k $171.6k 0.12% Unchanged
30 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 13,46713.5k $171.0k $171.0k 0.00% Unchanged
31 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 12,80012.8k $162.6k $162.6k 0.00% Unchanged
32 Ignite Planners, LLC 0.03% of their portfolio SAN CLEMENTE, CA 11,02811.0k $142.4k $142.4k 0.03% Reduced -240 -240
33 Worth Asset Management, LLC 0.07% of their portfolio DALLAS, TX 10,96411.0k $139.2k $139.2k 0.07% New
34 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 10,84810.8k $137.8k $137.8k 0.01% New
35 Live Oak Private Wealth LLC 0.02% of their portfolio WILMINGTON, NC 10,63010.6k $135.0k $135.0k 0.02% Unchanged
36 Mountain Hill Investment Partners Corp. 0.03% of their portfolio ATLANTIC HIGHLANDS, NJ 2,5002.5k $31.8k $31.8k 0.03% First filing
37 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,4171.4k $18.0k $18.0k 0.00% Reduced -1.6k -1,583
38 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 356356 $4.5k $4.5k 0.00% Added +9 +9
39 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged