Angel Oak Financial Strategies Income Term Trust
FINS
34 hedge funds and large institutions have $149M invested in Angel Oak Financial Strategies Income Term Trust in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 9 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
17% more capital invested
Capital invested by funds: $127M → $149M (+$22M)
5.06% more ownership
Funds ownership: 42.65% → 47.71% (+5.1%)
15% less funds holding
Funds holding: 40 → 34 (-6)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$18.5M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.5M |
| 3 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$628K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$395K |
| 5 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$161K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
-$4.95M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.29M |
| 3 |
EPM
Equitec Proprietary Markets
Chicago,
Illinois
|
-$423K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$396K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$332K |
FINS Hedge Fund Activity: Q1 2024 in Review
34 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Angel Oak Financial Strategies Income Term Trust (FINS) for Q1 2024, worth a combined $149M — up 17% from $127M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FINS and 3 opened new positions — a net loss of 6 holders — while 10 trimmed existing stakes and 16 added.
The largest buyer was Sit Investment Associates, adding an estimated $18.5M. The largest seller was Wolverine Trading, exiting entirely with an estimated $4.95M sold.
- 34 institutional investors held Angel Oak Financial Strategies Income Term Trust (FINS) as of Q1 2024, down from 40 in Q4 2023.
- Funds reported $149M of Angel Oak Financial Strategies Income Term Trust stock for Q1 2024, up 17% quarter-over-quarter.
- 3 funds opened new Angel Oak Financial Strategies Income Term Trust positions in Q1 2024 and 9 closed out, a net change of -6 holders.
- The largest Angel Oak Financial Strategies Income Term Trust buyer in Q1 2024 was Sit Investment Associates, an estimated $18.5M added.
- The largest Angel Oak Financial Strategies Income Term Trust seller in Q1 2024 was Wolverine Trading, an estimated $4.95M sold.
Based on aggregated 13F filings for Q1 2024.