Angel Oak Financial Strategies Income Term Trust
FINS
40 hedge funds and large institutions have $127M invested in Angel Oak Financial Strategies Income Term Trust in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 4 closing their positions.
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
21% more funds holding
Funds holding: 33 → 40 (+7)
1.3% less ownership
Funds ownership: 43.95% → 42.65% (-1.3%)
20% less capital inflows, than outflows
Capital inflows: $14.9M | Capital outflows: $18.7M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
+$7.8M |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.71M |
| 3 |
Nations Financial Group
Cedar Rapids,
Iowa
|
+$1.64M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$1.22M |
| 5 |
Landscape Capital Management
Englewood,
New Jersey
|
+$432K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$9.8M |
| 2 |
Saba Capital Management
New York
|
-$5.65M |
| 3 |
Matisse Capital
Portland,
Oregon
|
-$963K |
| 4 |
Equitec Proprietary Markets
Chicago,
Illinois
|
-$775K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$466K |
FINS Hedge Fund Activity: Q4 2023 in Review
40 of the 6,877 institutional investors tracked by Wall St. Rank reported a position in Angel Oak Financial Strategies Income Term Trust (FINS) for Q4 2023, worth a combined $127M — down 4% from $133M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FINS positions and 4 closed out — a net gain of 8 holders — while 14 added to existing stakes and 11 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $7.8M. The largest seller was Atlas Wealth, exiting entirely with an estimated $9.8M sold.
- 40 institutional investors held Angel Oak Financial Strategies Income Term Trust (FINS) as of Q4 2023, up from 33 in Q3 2023.
- Funds reported $127M of Angel Oak Financial Strategies Income Term Trust stock for Q4 2023, down 4% quarter-over-quarter.
- 12 funds opened new Angel Oak Financial Strategies Income Term Trust positions in Q4 2023 and 4 closed out, a net change of +8 holders.
- The largest Angel Oak Financial Strategies Income Term Trust buyer in Q4 2023 was Karpus Investment Management, an estimated $7.8M added.
- The largest Angel Oak Financial Strategies Income Term Trust seller in Q4 2023 was Atlas Wealth, an estimated $9.8M sold.
Based on aggregated 13F filings for Q4 2023.