Angel Oak Financial Strategies Income Term Trust
FINS
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.
53% more capital inflows, than outflows
Capital inflows: $15.4M | Capital outflows: $10M
1.84% more ownership
Funds ownership: 40.6% → 42.44% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less funds holding
Funds holding: 42 → 35 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
+$13.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$688K |
| 3 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$543K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$301K |
| 5 |
Shaker Financial Services
Arlington,
Virginia
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.69M |
| 2 |
Saba Capital Management
New York
|
-$2.3M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.27M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.15M |
| 5 |
Corrado Advisors
Ramsey,
New Jersey
|
-$749K |
FINS Hedge Fund Activity: Q2 2023 in Review
35 of the 6,389 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.