ANGEL OAK FUNDS TRUST

Ticker: MBS CUSIP: 03463K737 Class: MORTGAGE BACKED

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (3)

Weaver Consulting Group
Value ($000) $271 Shares 31,000
UBS Group AG
Value ($000) $1,326 Shares 151,665
Triumph Capital Management
Value ($000) $0 Shares 15

Increased Positions (10)

ALTFEST L J & CO INC
Value ($000) $14,762 (+3.3%) Shares 1,688,014 (+3.0%)
Embree Financial Group
Value ($000) $1,337 (+103.6%) Shares 152,912 (+103.2%)
United Asset Strategies, Inc.
Value ($000) $1,265 (+45.6%) Shares 144,622 (+45.2%)
NewEdge Wealth, LLC
Value ($000) $21,015 (+1.5%) Shares 2,403,115 (+1.5%)
MML INVESTORS SERVICES, LLC
Value ($000) $2,695 (+1002.5%) Shares 308,179 (+1000.0%)
ENVESTNET ASSET MANAGEMENT INC
Value ($000) $2,618 (+1229.3%) Shares 299,419 (+1226.3%)
RFG Advisory, LLC
Value ($000) $1,129 (+9.7%) Shares 129,079 (+9.4%)
LPL Financial LLC
Value ($000) $1,158 (+54.9%) Shares 132,385 (+54.6%)
BENJAMIN EDWARDS INC
Value ($000) $780 (+12.3%) Shares 89,210 (+12.0%)
MORGAN STANLEY
Value ($000) $3 (+16.3%) Shares 354 (+16.1%)

Decreased Positions (4)

Angel Oak Capital Advisors, LLC
Value ($000) $9,362 (-40.4%) Shares 1,070,590 (-40.5%)
Transamerica Financial Advisors, Inc.
Value ($000) $2,710 (-3.7%) Shares 309,846 (-3.9%)
PATTEN & PATTEN INC/TN
Value ($000) $2,142 (-1.1%) Shares 244,960 (-1.3%)
Gradient Investments LLC
Value ($000) $97 (-33.6%) Shares 11,101 (-33.7%)

Exited Positions (6)

Compound Planning, Inc.
Value ($000) $94 Shares 10,762
JANE STREET GROUP, LLC
Value ($000) $281 Shares 32,177
Global Retirement Partners, LLC
Value ($000) $55 Shares 6,262
CITADEL ADVISORS LLC
Value ($000) $91 Shares 10,387
Advisory Services Network, LLC
Value ($000) $31 Shares 3,568
FLOW TRADERS U.S. LLC
Value ($000) $0 Shares 21,029