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 ≈ $12.80.
Trends to Q2 2026
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 |
| Q2 2024 | 35 |
| Q3 2024 | 36 |
| Q4 2024 | 39 |
| Q1 2025 | 36 |
| Q2 2025 | 40 |
| Q3 2025 | 40 |
| Q4 2025 | 43 |
| Q1 2026 | 43 |
| Q2 2026 | 44 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 18 | 18 |
| Q4 2024 | 20 | 16 |
| Q1 2025 | 18 | 15 |
| Q2 2025 | 29 | 9 |
| Q3 2025 | 16 | 17 |
| Q4 2025 | 24 | 15 |
| Q1 2026 | 18 | 19 |
| Q2 2026 | 25 | 16 |
Biggest buyers
| Atlas Wealth LLC | New | +1.1m |
| SIT INVESTMENT ASSOCIATES INC | Added | +89.0k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +61.4k |
| Thomas J. Herzfeld Advisors, Inc. | Added | +29.0k |
| WELLS FARGO & COMPANY/MN | Added | +20.7k |
| Shaker Financial Services, LLC | Added | +17.3k |
| STIFEL FINANCIAL CORP | Added | +12.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +11.3k |
| Private Advisor Group, LLC | New | +11.0k |
| CITADEL ADVISORS LLC | New | +10.9k |
Biggest sellers
| Karpus Management, Inc. | Reduced | -43.2k |
| UBS Group AG | Reduced | -32.6k |
| WEDBUSH SECURITIES INC | Sold out | -18.8k |
| Lido Advisors, LLC | Sold out | -13.5k |
| COMMONWEALTH EQUITY SERVICES, LLC | Sold out | -10.3k |
| PFG Investments, LLC | Sold out | -10.1k |
| CoreCap Advisors, LLC | Sold out | -7.3k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -5.7k |
| Noble Wealth Management PBC | Reduced | -3.9k |
| Dakota Wealth Management | Reduced | -3.0k |
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.
| 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 since 1 Apr 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 2 | $272.4k | 0 | — | — |
| Q3 2025 | 2 | $124.9k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $5.0k | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-25 | Parks Kevin Portfolio Manager | Bought | $11.9k1.0k shares |
| 2026-09-14 | Parks Kevin Portfolio Manager | Bought | $12.5k1.0k shares |
| 2026-07-08 | MetLife Investment Management, LLC 10% owner · See Footnotes · 5.364% Series C Senior Unsecured Notes due July 8, 2030 | Bought | —40.0m shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 2.66% of their portfolio | 11.0m $140.3m | Added +89.0k |
| Karpus Management, Inc. 1.71% of their portfolio | 4.7m $59.6m | Reduced -43.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.3m $16.5m | Added +20.7k |
| Atlas Wealth LLC 2.01% of their portfolio | 1.1m $14.1m | New |
| UBS Group AG 0.00% of their portfolio | 708.0k $9.1m | Reduced -32.6k |
| MORGAN STANLEY 0.00% of their portfolio | 627.0k $8.0m | Added +4.1k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.30% of their portfolio | 484.4k $6.2m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 417.5k $5.3m | Added +9.2k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 383.5k $4.9m | Added +12.0k |
| Advisors Asset Management, Inc. 0.07% of their portfolio | 351.2k $4.5m | Reduced -2.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 300.8k $3.8m | Added +61.4k |
| RIVERBRIDGE PARTNERS LLC 0.08% of their portfolio | 235.4k $3.0m | Added +1.9k |
| Noble Wealth Management PBC 1.35% of their portfolio | 231.6k $3.0m | Reduced -3.9k |
| Thomas J. Herzfeld Advisors, Inc. 0.87% of their portfolio | 222.4k $2.8m | Added +29.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 203.5k $2.6m | Added +385 |
| LPL Financial LLC 0.00% of their portfolio | 180.2k $2.3m | Added +2.6k |
| Closed-End Fund Advisors, Inc. 1.49% of their portfolio | 118.8k $1.5m | Reduced -1.9k |
| Dakota Wealth Management 0.02% of their portfolio | 77.8k $996.3k | Reduced -3.0k |
| Twelve Points Wealth Management LLC 0.20% of their portfolio | 77.3k $989.0k | Reduced -1.9k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 76.3k $977.3k | Added +3.4k |
| Focus Partners Wealth 0.00% of their portfolio | 73.8k $944.4k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 73.3k $938.8k | Reduced -5.7k |
| &PARTNERS 0.00% of their portfolio | 56.4k $721.6k | Added +2.0k |
| Cetera Investment Advisers 0.00% of their portfolio | 43.5k $556.3k | Added +5.7k |
| Invesco Ltd. 0.00% of their portfolio | 42.3k $541.9k | Reduced -291 |
| Corient Private Wealth LP 0.00% of their portfolio | 40.7k $520.5k | Added +10.7k |
| CHOREO, LLC 0.00% of their portfolio | 30.1k $385.3k | Added +4.1k |
| Shaker Financial Services, LLC 0.12% of their portfolio | 29.2k $374.3k | Added +17.3k |
| Summit Asset Management, LLC 0.04% of their portfolio | 26.0k $332.8k | Unchanged |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 24.4k $312.7k | Unchanged |
| Live Oak Private Wealth LLC 0.03% of their portfolio | 21.7k $277.4k | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 19.9k $254.2k | Added +172 |
| Mayflower Financial Advisors, LLC 0.02% of their portfolio | 18.7k $239.4k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 11.3k $144.7k | New |
| Private Advisor Group, LLC 0.00% of their portfolio | 11.0k $141.3k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 10.9k $139.0k | New |
| Mariner, LLC 0.00% of their portfolio | 10.0k $128.0k | New |
| Arax Advisory Partners 0.00% of their portfolio | 9.1k $116.3k | New |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 4.4k $56.9k | Unchanged |
| IFG Advisory, LLC 0.00% of their portfolio | 4.0k $51.3k | New |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 3.6k $46.1k | New |
| Mountain Hill Investment Partners Corp. 0.02% of their portfolio | 3.3k $42.7k | Unchanged |
| N.E.W. Advisory Services LLC 0.00% of their portfolio | 357 $4.6k | Unchanged |
| HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio | 300 $3.8k | Unchanged |