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FINS

Angel Oak Financial Strategies Income Term Trust
FINS

46 hedge funds and large institutions have $124M invested in Angel Oak Financial Strategies Income Term Trust in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

14% more capital invested

Capital invested by funds: $109M → $124M (+$14.9M)

7% more funds holding

Funds holding: 43 → 46 (+3)

6.07% more ownership

Funds ownership: 32.51% → 38.57% (+6.1%)

28% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 18

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
46
Holders Change
+3
Holders Change %
+6.98%
% of All Funds
0.74%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
13
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$21M
2
SCM
Saba Capital Management
New York
+$4.55M
3
NFG
Nations Financial Group
Iowa
+$593K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$480K
5
Morgan Stanley
Morgan Stanley
New York
+$447K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$7.92M
2
RJA
Raymond James & Associates
Florida
-$3.27M
3
UBS Group
UBS Group
Switzerland
-$2.58M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$837K
5
Wells Fargo
Wells Fargo
California
-$691K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$485K +$46.6K +3,603 +11%
DWM
27
Dakota Wealth Management
Florida
$442K +$446K +34,500 New
HighTower Advisors
28
HighTower Advisors
Illinois
$431K +$440K +33,961 New
Jane Street
29
Jane Street
New York
$366K +$370K +28,605 New
DADC
30
D.A. Davidson & Co
Montana
$290K -$56.9K -4,393 -16%
Susquehanna International Group
31
Susquehanna International Group
Pennsylvania
$286K +$289K +22,364 New
LCM
32
Landscape Capital Management
New Jersey
$263K -$38.2K -2,954 -13%
First Trust Advisors
33
First Trust Advisors
Illinois
$258K +$1.22K +94 +0.5%
SA
34
SFI Advisors
New Jersey
$183K – – –
Rockefeller Capital Management
35
Rockefeller Capital Management
New York
$170K -$71.3K -5,510 -29%
PHS
36
Pekin Hardy Strauss
Illinois
$166K -$85.1K -6,578 -34%
CC
37
Claybrook Capital
Massachusetts
$143K – – –
RJT
38
Raymond James Trust
Florida
$138K -$12.3K -954 -8%
LOPW
39
Live Oak Private Wealth
North Carolina
$136K – – –
EC
40
Elequin Capital
New York
$53.9K +$54.5K +4,209 New
Bank of America
41
Bank of America
North Carolina
$32K -$237K -18,328 -88%
ASN
42
Advisory Services Network
Georgia
$23.3K +$23.5K +1,817 New
Bessemer Group
43
Bessemer Group
New Jersey
$8K +$7.78K +601 New
SPIA
44
Steward Partners Investment Advisory
New York
$2.38K – – –
JP Morgan Chase
45
JP Morgan Chase
New York
$2K +$2.15K +166 New
CMP
46
Coston McIsaac & Partners
Maine
$9 +$194 +15 +2%
SFS
47
Shaker Financial Services
Virginia
– -$625K -46,654 Closed
Ameriprise
48
Ameriprise
Minnesota
– -$583K -43,519 Closed
PFO
49
Pathstone Family Office
New Jersey
– -$538K -40,140 Closed
FWM
50
Foresight Wealth Management
Utah
– -$323K -24,115 Closed
1
2
3

FINS Hedge Fund Activity: Q4 2022 in Review

46 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Angel Oak Financial Strategies Income Term Trust (FINS) for Q4 2022, worth a combined $124M — up 14% from $109M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FINS positions and 7 closed out — a net gain of 3 holders — while 13 added to existing stakes and 18 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $21M. The largest seller was Sit Investment Associates, cutting an estimated $7.92M.

  • 46 institutional investors held Angel Oak Financial Strategies Income Term Trust (FINS) as of Q4 2022, up from 43 in Q3 2022.
  • Funds reported $124M of Angel Oak Financial Strategies Income Term Trust stock for Q4 2022, up 14% quarter-over-quarter.
  • 10 funds opened new Angel Oak Financial Strategies Income Term Trust positions in Q4 2022 and 7 closed out, a net change of +3 holders.
  • The largest Angel Oak Financial Strategies Income Term Trust buyer in Q4 2022 was Karpus Investment Management, an estimated $21M added.
  • The largest Angel Oak Financial Strategies Income Term Trust seller in Q4 2022 was Sit Investment Associates, an estimated $7.92M sold.

Based on aggregated 13F filings for Q4 2022.