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FINS

Angel Oak Financial Strategies Income Term Trust

35 hedge funds and large institutions have $126M invested in Angel Oak Financial Strategies Income Term Trust in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.84% more ownership

Funds ownership: 40.6%42.44% (+1.8%)

0% more capital invested

Capital invested by funds: $125M → $126M (+$205K)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

17% less funds holding

Funds holding: 4235 (-7)

40% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 15

70% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 10

Holders
35
Holders Change
-7
Holders Change %
-16.67%
% of All Funds
0.55%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
3
Increased
9
Reduced
15
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$39.2M +$13.1M +1,092,815 +49%
Morgan Stanley
2
Morgan Stanley
New York
$26.7M +$164K +13,740 +0.6%
UBS Group
3
UBS Group
Switzerland
$9.69M -$1.27M -106,201 -11%
AW
4
Atlas Wealth
Ohio
$9.02M +$543K +45,385 +6%
SIA
5
Sit Investment Associates
Minnesota
$6.45M
SCM
6
Saba Capital Management
New York
$5.26M -$2.3M -192,000 -30%
Wolverine Trading
7
Wolverine Trading
Illinois
$4.92M
Wells Fargo
8
Wells Fargo
California
$3.68M +$688K +57,483 +23%
NFG
9
Nations Financial Group
Iowa
$3.1M -$124K -10,350 -4%
EPM
10
Equitec Proprietary Markets
Illinois
$2.48M
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$2.44M -$51.6K -4,309 -2%
LPL Financial
12
LPL Financial
California
$1.93M -$320K -26,714 -14%
RJA
13
Raymond James & Associates
Florida
$1.35M -$27.8K -2,326 -2%
CPIG
14
Chicago Partners Investment Group
Illinois
$1.32M -$195K -16,286 -13%
Stifel Financial
15
Stifel Financial
Missouri
$1.3M -$42.2K -3,525 -3%
TPWM
16
Twelve Points Wealth Management
Massachusetts
$1.29M -$5.84K -488 -0.4%
MC
17
Matisse Capital
Oregon
$945K
SFS
18
Shaker Financial Services
Virginia
$818K +$232K +19,392 +39%
Osaic Holdings
19
Osaic Holdings
Arizona
$715K -$10.1K -843 -1%
DWM
20
Dakota Wealth Management
Florida
$501K +$77.2K +6,450 +18%
WS
21
Wedbush Securities
California
$421K -$26.9K -2,251 -6%
SA
22
SFI Advisors
New Jersey
$349K +$90.1K +7,526 +34%
Citadel Advisors
23
Citadel Advisors
Florida
$297K +$301K +25,115 New
First Trust Advisors
24
First Trust Advisors
Illinois
$269K +$22.3K +1,866 +9%
GC
25
Guggenheim Capital
Illinois
$236K -$336K -28,104 -58%

FINS Hedge Fund Activity: Q2 2023 in Review

35 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Angel Oak Financial Strategies Income Term Trust (FINS) for Q2 2023, worth a combined $126M — up 0.16% from $125M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of FINS and 3 opened new positions — a net loss of 7 holders — while 15 trimmed existing stakes and 9 added.

The largest buyer was Karpus Investment Management, adding an estimated $13.1M. The largest seller was Thomas J. Herzfeld Advisors, exiting entirely with an estimated $2.69M sold.

  • 35 institutional investors held Angel Oak Financial Strategies Income Term Trust (FINS) as of Q2 2023, down from 42 in Q1 2023.
  • Funds reported $126M of Angel Oak Financial Strategies Income Term Trust stock for Q2 2023, up 0.16% quarter-over-quarter.
  • 3 funds opened new Angel Oak Financial Strategies Income Term Trust positions in Q2 2023 and 10 closed out, a net change of -7 holders.
  • The largest Angel Oak Financial Strategies Income Term Trust buyer in Q2 2023 was Karpus Investment Management, an estimated $13.1M added.
  • The largest Angel Oak Financial Strategies Income Term Trust seller in Q2 2023 was Thomas J. Herzfeld Advisors, an estimated $2.69M sold.

Based on aggregated 13F filings for Q2 2023.