Angel Oak Financial Strategies Income Term Trust
FINS
42 hedge funds and large institutions have $125M invested in Angel Oak Financial Strategies Income Term Trust in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 8 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
2.03% more ownership
Funds ownership: 38.57% → 40.6% (+2%)
1% more capital invested
Capital invested by funds: $124M → $125M (+$1.55M)
9% less funds holding
Funds holding: 46 → 42 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.84M |
| 2 |
SCM
Saba Capital Management
New York
|
+$2.24M |
| 3 |
Morgan Stanley
New York
|
+$894K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$825K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$717K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GA
GraniteShares Advisors
New York
|
-$2.23M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.03M |
| 3 |
MGWM
Marks Group Wealth Management
Minnetonka,
Minnesota
|
-$993K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$924K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$431K |
FINS Hedge Fund Activity: Q1 2023 in Review
42 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Angel Oak Financial Strategies Income Term Trust (FINS) for Q1 2023, worth a combined $125M — up 1.3% from $124M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FINS and 4 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was Karpus Investment Management, adding an estimated $7.84M. The largest seller was GraniteShares Advisors, exiting entirely with an estimated $2.23M sold.
- 42 institutional investors held Angel Oak Financial Strategies Income Term Trust (FINS) as of Q1 2023, down from 46 in Q4 2022.
- Funds reported $125M of Angel Oak Financial Strategies Income Term Trust stock for Q1 2023, up 1.3% quarter-over-quarter.
- 4 funds opened new Angel Oak Financial Strategies Income Term Trust positions in Q1 2023 and 8 closed out, a net change of -4 holders.
- The largest Angel Oak Financial Strategies Income Term Trust buyer in Q1 2023 was Karpus Investment Management, an estimated $7.84M added.
- The largest Angel Oak Financial Strategies Income Term Trust seller in Q1 2023 was GraniteShares Advisors, an estimated $2.23M sold.
Based on aggregated 13F filings for Q1 2023.