Vault-13

ANGEL OAK FINL STRATEGIES IN FINS

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

36 institutional holders -3 vs Q4 2024
14,406,28314.4m shares reported held*
$194.2mreported value*
2 new 16 added 10 reduced 5 sold out net bought ≈ $3.4m (+250.0k 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 ≈ $13.48.

Trends to Q1 2025

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: 39Q1 25: 3636Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202244
Q4 202246
Q1 202342
Q2 202336
Q3 202334
Q4 202341
Q1 202434
Q2 202435
Q3 202436
Q4 202439
Q1 202536

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 12 bought or addedQ2 23: 25 cut or sold outQ3 23: 22 bought or addedQ3 23: 12 cut or sold outQ3 23Q4 23: 26 bought or addedQ4 23: 14 cut or sold outQ1 24: 17 bought or addedQ1 24: 19 cut or sold outQ1 24Q2 24: 17 bought or addedQ2 24: 12 cut or sold outQ3 24: 18 bought or addedQ3 24: 18 cut or sold outQ3 24Q4 24: 20 bought or addedQ4 24: 16 cut or sold outQ1 25: 18 bought or addedQ1 25: 15 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231225
Q3 20232212
Q4 20232614
Q1 20241719
Q2 20241712
Q3 20241818
Q4 20242016
Q1 20251815

Biggest buyers

WELLS FARGO & COMPANY/MN Added +241,566+241.6k
Advisors Asset Management, Inc. Added +152,198+152.2k
SIT INVESTMENT ASSOCIATES INC Added +144,353+144.4k
UBS Group AG Added +59,769+59.8k
OSAIC HOLDINGS, INC. Added +32,375+32.4k
STIFEL FINANCIAL CORP Added +31,924+31.9k
ENVESTNET ASSET MANAGEMENT INC Added +28,191+28.2k
&PARTNERS New +14,900+14.9k
FIRST TRUST ADVISORS LP Added +14,411+14.4k
Cetera Investment Advisers Added +12,487+12.5k

Biggest sellers

Karpus Management, Inc. Reduced -229,145-229.1k
Chicago Partners Investment Group LLC Reduced -102,878-102.9k
MORGAN STANLEY Reduced -71,294-71.3k
Jefferies Financial Group Inc. Sold out -25,000-25.0k
Shaker Financial Services, LLC Reduced -21,284-21.3k
D.A. DAVIDSON & CO. Sold out -12,800-12.8k
COMERICA BANK Reduced -12,247-12.2k
Worth Asset Management, LLC Sold out -10,964-11.0k
READYSTATE ASSET MANAGEMENT LP Sold out -10,848-10.8k
NATIONS FINANCIAL GROUP INC, /IA/ /ADV Reduced -8,000-8.0k

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 Q1 2025

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 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 1.68% of their portfolio Minneapolis, MN 5,301,9175.3m $71.5m $71.5m 1.68% Added +144.4k +144,353
2 Karpus Management, Inc. 1.55% of their portfolio Pittsford, NY 3,542,3063.5m $47.8m $47.8m 1.55% Reduced -229.1k -229,145
3 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,351,8071.4m $18.2m $18.2m 0.00% Added +241.6k +241,566
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 806,726806.7k $10.9m $10.9m 0.00% Reduced -71.3k -71,294
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 754,697754.7k $10.2m $10.2m 0.00% Added +59.8k +59,769
6 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.53% of their portfolio CEDAR RAPIDS, IA 511,062511.1k $6.9m $6.9m 0.53% Reduced -8.0k -8,000
7 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 325,364325.4k $4.4m $4.4m 0.00% Added +31.9k +31,924
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 288,945288.9k $3.9m $3.9m 0.00% Added +8.1k +8,146
9 Advisors Asset Management, Inc. 0.06% of their portfolio Monument, CO 253,803253.8k $3.4m $3.4m 0.06% Added +152.2k +152,198
10 Noble Wealth Management PBC 1.79% of their portfolio GREENWOOD VILLAGE, CO 193,715193.7k $2.6m $2.6m 1.79% Added +3.0k +3,050
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 134,685134.7k $1.8m $1.8m 0.00% Added +1.8k +1,835
12 Shaker Financial Services, LLC 0.70% of their portfolio Arlington, VA 133,384133.4k $1.8m $1.8m 0.70% Reduced -21.3k -21,284
13 RIVERBRIDGE PARTNERS LLC 0.03% of their portfolio MINNEAPOLIS, MN 117,073117.1k $1.6m $1.6m 0.03% Added +10.7k +10,740
14 Twelve Points Wealth Management LLC 0.32% of their portfolio CONCORD, MA 86,53486.5k $1.2m $1.2m 0.32% Reduced -867 -867
15 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 85,84785.8k $1.2m $1.2m 0.00% Added +14.4k +14,411
16 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 75,65675.7k $1.0m $1.0m 0.00% Added +32.4k +32,375
17 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 61,85061.9k $833.7k $833.7k 0.02% Unchanged
18 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 58,58558.6k $789.7k $789.7k 0.00% Reduced -465 -465
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 53,65753.7k $723.3k $723.3k 0.00% Added +28.2k +28,191
20 StoneX Group Inc. 0.04% of their portfolio NEW YORK, NY 48,91348.9k $659.3k $659.3k 0.04% Added +1.9k +1,890
21 Transform Wealth, LLC 0.04% of their portfolio GREENWOOD VILLAGE, CO 43,35043.4k $584.4k $584.4k 0.04% Added +550 +550
22 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 35,45935.5k $478.0k $478.0k 0.00% Added +12.5k +12,487
23 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 24,37024.4k $328.5k $328.5k 0.00% Unchanged
24 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 16,58616.6k $224.0k $224.0k 0.01% Reduced -1.2k -1,173
25 Catalina Capital Group, LLC 0.14% of their portfolio Torrance, CA 16,05216.1k $216.4k $216.4k 0.14% Unchanged
26 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 14,90014.9k $201.3k $201.3k 0.00% New
27 SFI Advisors, LLC 0.13% of their portfolio Montclair, NJ 13,51313.5k $182.2k $182.2k 0.13% Unchanged
28 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 13,46713.5k $181.5k $181.5k 0.00% Unchanged
29 Live Oak Private Wealth LLC 0.02% of their portfolio WILMINGTON, NC 10,63010.6k $143.3k $143.3k 0.02% Unchanged
30 Ignite Planners, LLC 0.03% of their portfolio SAN CLEMENTE, CA 10,34910.3k $137.3k $137.3k 0.03% Reduced -679 -679
31 Chicago Partners Investment Group LLC 0.00% of their portfolio CHICAGO, IL 10,13810.1k $133.6k $133.6k 0.00% Reduced -102.9k -102,878
32 COMERICA BANK 0.00% of their portfolio DALLAS, TX 7,3657.4k $99.3k $99.3k 0.00% Reduced -12.2k -12,247
33 Mountain Hill Investment Partners Corp. 0.03% of their portfolio ATLANTIC HIGHLANDS, NJ 2,5002.5k $33.7k $33.7k 0.03% Unchanged
34 N.E.W. Advisory Services LLC 0.00% of their portfolio DE PERE, WI 714714 $9.6k $9.6k 0.00% New
35 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 364364 $4.9k $4.9k 0.00% Added +8 +8
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged