ANGEL OAK FINL STRATEGIES IN

CUSIP: 03464A100 Class: COM BEN INT

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (6)

Summit Asset Management, LLC
Value ($000) $343 Shares 26,000
StoneX Group Inc.
Value ($000) $203 Shares 15,349
Focus Partners Wealth
Value ($000) $935 Shares 70,779
Invesco Ltd.
Value ($000) $525 Shares 39,727
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $151 Shares 11,428
Kestra Advisory Services, LLC
Value ($000) $53 Shares 4,000

Increased Positions (15)

SIT INVESTMENT ASSOCIATES INC
Value ($000) $136 (+4.0%) Shares 10,285,734 (+3.2%)
Thomas J. Herzfeld Advisors, Inc.
Value ($000) $2,860 (+5.1%) Shares 216,513 (+4.3%)
RIVERBRIDGE PARTNERS LLC
Value ($000) $2,847 (+74.1%) Shares 215,510 (+72.7%)
&PARTNERS
Value ($000) $676 (+170.7%) Shares 51,181 (+168.6%)
ENVESTNET ASSET MANAGEMENT INC
Value ($000) $4,808 (+13.5%) Shares 363,954 (+12.6%)
STIFEL FINANCIAL CORP
Value ($000) $5,524 (+5.1%) Shares 418,161 (+4.3%)
FIRST TRUST ADVISORS LP
Value ($000) $2,475 (+7.3%) Shares 187,327 (+6.5%)
ROYAL BANK OF CANADA
Value ($000) $5,410 (+2.6%) Shares 409,551 (+1.8%)
Cetera Investment Advisers
Value ($000) $750 (+12.9%) Shares 56,747 (+12.1%)
OSAIC HOLDINGS, INC.
Value ($000) $940 (+8.0%) Shares 71,184 (+7.2%)
LPL Financial LLC
Value ($000) $2,419 (+3.1%) Shares 183,115 (+2.3%)
CHOREO, LLC
Value ($000) $379 (+5.6%) Shares 28,746 (+5.0%)
COMMONWEALTH EQUITY SERVICES, LLC
Value ($000) $135 (+101862.1%) Shares 10,189 (+1.5%)
Larson Financial Group LLC
Value ($000) $5 (+3.4%) Shares 393 (+2.6%)
WEDBUSH SECURITIES INC
Value ($000) $0 (+12.8%) Shares 17,980 (+11.8%)

Decreased Positions (10)

Karpus Management, Inc.
Value ($000) $68,045 (-2.3%) Shares 5,151,041 (-3.1%)
Noble Wealth Management PBC
Value ($000) $3,115 (-3.8%) Shares 235,820 (-4.5%)
Shaker Financial Services, LLC
Value ($000) $1,390 (-26.9%) Shares 105,239 (-27.4%)
Twelve Points Wealth Management LLC
Value ($000) $943 (-16.2%) Shares 71,524 (-16.7%)
NATIONS FINANCIAL GROUP INC, /IA/ /ADV
Value ($000) $6,400 (-4.4%) Shares 484,445 (-5.1%)
WELLS FARGO & COMPANY/MN
Value ($000) $17,193 (-8.7%) Shares 1,301,542 (-9.4%)
MORGAN STANLEY
Value ($000) $8,660 (-11.3%) Shares 655,575 (-12.0%)
UBS Group AG
Value ($000) $9,515 (-8.5%) Shares 720,275 (-9.2%)
RAYMOND JAMES FINANCIAL INC
Value ($000) $1,058 (-14.2%) Shares 80,082 (-14.9%)
COMERICA BANK
Value ($000) $59 (-34.1%) Shares 4,446 (-34.6%)

Exited Positions (4)

Catalina Capital Group, LLC
Value ($000) $210 Shares 16,052
Ignite Planners, LLC
Value ($000) $150 Shares 11,452
Kovitz Investment Group Partners, LLC
Value ($000) $928 Shares 70,779
BANK OF AMERICA CORP /DE/
Value ($000) $39 Shares 3,010