Angel Oak Financial Strategies Income Term Trust
US ˙ NYSE ˙ US03464A1007

SecurityFINS / Angel Oak Financial Strategies Income Term Trust
InstitutionMorgan Stanley
Latest Disclosed Ownership877,414 shares
Ownership 3.50%
Morgan Stanley ownership in FINS / Angel Oak Financial Strategies Income Term Trust

2025-01-07 - Morgan Stanley has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 877,414 shares of Angel Oak Financial Strategies Income Term Trust (US:FINS). This represents 3.5 percent ownership of the company. In their previous filing dated 2024-02-12 , Morgan Stanley had reported owning 2,266,895 shares, indicating a decrease of -61.29 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2025-01-07 2025-01-07 13G/A 2,266,895 877,414 -61.29 3.50 -61.54
2024-02-12 2024-02-12 13G/A 2,178,211 2,266,895 4.07 9.10 4.60
2023-02-08 2023-02-08 13G/A 2,041,358 2,178,211 6.70 8.70 -13.86
2022-02-10 2022-02-10 13G/A 2,013,602 2,041,358 1.38 10.10 2.02
2022-02-08 2022-02-08 13G/A 1,593,551 2,013,602 26.36 9.90 -2.94
2021-10-12 2021-10-12 13G 1,593,551 10.20

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 622,896 -32,679 -4.98 7,942 -8.30 0.0005
2026-05-27 2025-12-31 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 655,575 -89,405 -12.00 8,660 -11.33 0.0005
2026-02-13 2025-12-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 655,575 -89,405 8,660 0.0005
2026-05-27 2025-09-30 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 744,980 -2,689 -0.36 9,767 0.64 0.0006
2025-11-14 2025-09-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 744,980 -2,689 9,767 0.0006
2025-08-15 2025-06-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 747,669 -59,057 -7.32 9,705 -10.76 0.0006
2025-05-15 2025-03-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 806,726 -71,294 -8.12 10,875 -2.48 0.0008
2025-05-15 2024-12-31 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 878,020 -1,243,786 -58.62 11,151 -60.25 0.0008
2025-02-14 2024-12-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 878,020 -1,243,786 11,151 0.0008
2025-05-14 2024-09-30 13F/A-2 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,121,806 -93,971 -4.24 28,050 2.34 0.0020
2025-02-14 2024-09-30 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,121,806 -93,971 28,050 0.0020
2024-11-14 2024-09-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,121,806 -93,971 28,050 0.0002
2025-05-14 2024-06-30 13F/A-2 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,215,777 -54,794 -2.41 27,409 -3.35 0.0021
2024-10-17 2024-06-30 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,215,777 -54,794 27,409 0.0021
2024-08-14 2024-06-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,215,777 -54,794 27,409 0.0021
2024-10-17 2024-03-31 13F/A-2 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,270,571 3,675 0.16 28,359 5.04 0.0023
2024-08-16 2024-03-31 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,270,571 3,675 28,359 0.0003
2024-05-15 2024-03-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,270,571 3,675 28,359 0.0023
2024-08-16 2023-12-31 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,266,896 -4,224 -0.19 26,999 -1.27 0.0024
2024-02-13 2023-12-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,266,896 -4,224 26,999 0.0024
2023-11-15 2023-09-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,271,120 10,029 0.44 27,344 2.40 0.0028
2023-08-14 2023-06-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,261,091 13,740 0.61 26,703 -3.63 0.0026
2023-05-15 2023-03-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,247,351 69,140 3.17 27,710 -0.69 0.0030
2023-02-14 2022-12-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,178,211 34,541 1.61 27,903 -2.87 0.0032
2022-11-14 2022-09-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,143,670 31,399 1.49 28,725 -6.73 0.0039
2022-10-27 2022-06-30 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,112,271 14,403 0.69 30,797 -7.03 0.0040
2022-08-15 2022-06-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,112,271 14,403 30,797 0.0008
2022-10-27 2022-03-31 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,097,868 84,266 4.18 33,125 -3.57 0.0045
2022-05-13 2022-03-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,097,868 84,266 33,125 0.0045
2022-02-14 2021-12-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 2,013,602 849,390 72.96 34,352 13,640.80 0.0042
2021-11-15 2021-09-30 13F ANGEL OAK FINL STRATEGIES IN RIGHT 10/14/2021 03464A118 1,164,212 20,304 1.77 250 -98.78 0.0000
2021-11-15 2021-09-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 1,205,481 61,573 20,517 0.0028
2021-08-23 2021-06-30 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 1,143,908 634,947 124.75 20,567 131.98 0.0027
2021-08-16 2021-06-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 1,143,908 634,947 20,567 0.0006
2021-05-17 2021-03-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 508,961 353,363 227.10 8,866 238.40 0.0013
2021-02-16 2020-12-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 155,598 29,352 23.25 2,620 23.18 0.0004
2020-11-13 2020-09-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 126,246 12,518 11.01 2,127 10.67 0.0004
2020-08-14 2020-06-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 113,728 -7,566 -6.24 1,922 -7.33 0.0004
2020-05-26 2020-03-31 13F/A-1 ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 121,294 70,906 140.72 2,074 98.85 0.0006
2020-05-15 2020-03-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 121,294 2,074
2020-02-14 2019-12-31 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 50,388 22,086 78.04 1,043 82.66 0.0002
2019-11-14 2019-09-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 28,302 26,504 1,474.08 571 1,486.11 0.0002
2019-08-14 2019-06-30 13F ANGEL OAK FINL STRATEGIES IN COM BEN INT 03464A100 1,798 1,798 36 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.