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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$21M |
| 2 |
SCM
Saba Capital Management
New York
|
+$4.55M |
| 3 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$593K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$480K |
| 5 |
Morgan Stanley
New York
|
+$447K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$7.92M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.27M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.58M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$837K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$691K |
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.