ANGEL OAK FUNDS TRUST

Ticker: CARY CUSIP: 03463K760 Class: INCOME ETF

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

InstitutionSharesValue ($000)
MORGAN STANLEY4,791,541$99,786
WELLS FARGO & COMPANY/MN3,915,782$81,548
Arkadios Wealth Advisors3,133,739$65,262
UBS Group AG2,174,367$45,283
Focus Partners Wealth1,419,626$29,684
CHANNEL WEALTH LLC1,152,894$24,010
OSAIC HOLDINGS, INC.1,091,627$22,734
RAYMOND JAMES FINANCIAL INC1,050,841$21,884
Bank of New York Mellon Corp962,869$20,052
Tortoise Investment Management, LLC647,945$13,494
Baird Financial Group, Inc.552,275$11,501
Crescent Grove Advisors, LLC523,639$10,998
MBL Wealth, LLC520,038$10,830
ENVESTNET ASSET MANAGEMENT INC482,353$10,045
STIFEL FINANCIAL CORP434,323$9,045
Greenwich Wealth Management LLC390,740$8
AXXCESS WEALTH MANAGEMENT, LLC388,632$8,093
Beacon Capital Management, Inc.367,485$7,653
Legacy CG, LLC357,382$7,443
LPL Financial LLC327,082$6,812
Sage Advisory Services, Ltd.Co.248,460$5,174
Precision Wealth Strategies, LLC213,337$4,443
Heritage Trust Co175,417$3,653
Wealthcare Advisory Partners LLC173,579$3,615
Atria Investments, Inc125,211$2,608
Mendel Money Management123,778$2,578
RFG Advisory, LLC122,885$2,559
Weaver Consulting Group108,850$2,267
Transamerica Financial Advisors, Inc.106,580$2,220
NewEdge Advisors, LLC101,096$2,105
Camarda Financial Advisors, LLC100,056$2,084
Rockefeller Capital Management L.P.99,611$2,074
TRUIST FINANCIAL CORP95,399$1,987
J. Team Financial, Inc.94,104$1,960
OPPENHEIMER & CO INC91,241$1,900
ISLAY CAPITAL MANAGEMENT, LLC89,150$1,857
IEQ CAPITAL, LLC87,278$1,818
Able Wealth Management LLC85,012$1,770
Rareview Capital LLC82,798$1,722
Legacy Capital Group California, Inc.82,414$1,716
Belpointe Asset Management LLC78,786$1,641
Sonoma Allocations LLC76,717$1,604
Sanctuary Advisors, LLC75,352$1,569
9823 Capital, L.P.67,183$1,399
Lewis Asset Management, LLC63,875$1,330
AMERIPRISE FINANCIAL INC55,820$1,163
Janney Montgomery Scott LLC54,095$1
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors46,557$970
Noble Wealth Management PBC42,551$886
Concurrent Investment Advisors, LLC40,406$841
Sage Mountain Advisors LLC40,258$838
AE Wealth Management LLC34,887$727
HighTower Advisors, LLC30,917$644
EP Wealth Advisors, LLC26,028$542
Omnitrust Wealth Management, Inc25,940$540
Kestra Advisory Services, LLC24,651$513
GeoWealth Management, LLC23,580$491
&PARTNERS22,467$468
IHT Wealth Management, LLC20,947$436
Equitable Holdings, Inc.20,005$417
BENJAMIN EDWARDS INC19,624$409
Excelsior Advisor Network LLC19,300$402
CreativeOne Wealth, LLC18,300$381
GOLDMAN SACHS GROUP INC14,952$311
Cambridge Investment Research Advisors, Inc.14,647$0
Legacy Capital Wealth Partners, LLC14,594$304
DAVENPORT & Co LLC13,991$291
Advocacy Wealth Management Services, LLC13,639$284
Argent Trust Co11,250$234
Coastal Bridge Advisors, LLC10,500$219
FIRETHORN WEALTH PARTNERS, LLC10,344$215
COMERICA BANK10,193$212
Stratos Wealth Partners, LTD.10,157$212
VISTA INVESTMENT PARTNERS LLC9,949$207
COMMONWEALTH EQUITY SERVICES, LLC9,777$204
PRIVATE TRUST CO NA9,757$203
Raleigh Capital Management Inc.6,554$136
Lloyd Advisory Services, LLC.5,659$118
BANK OF AMERICA CORP /DE/4,767$99
Farther Finance Advisors, LLC3,694$77
Signature Equity Partners, LLC1,666$35
HANTZ FINANCIAL SERVICES, INC.1,417$0
JPMORGAN CHASE & CO1,294$27
Quest 10 Wealth Builders, Inc.1,058$22
Kingdom Financial Group LLC.495$10
Davis Capital Management288$6
JONES FINANCIAL COMPANIES LLLP241$5
FMR LLC119$0
ASSETMARK, INC49$1
Networth Advisors, LLC47$1
Total (90 institutions)28,200,780$577,923