AO
Angel Oak Capital Advisors, LLC Quarterly 13F Portfolio Update (Q2 2026)
Angel Oak Capital Advisors, LLCCIK: 0001613158
Sector-focusedMomentum followerConcentrated strategy
Total reported value
$79.3M
Reporting period: 2026-06-30 · Number of holdings: 30
Angel Oak Capital Advisors, LLC disclosed 30 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $79.3M and a quarterly turnover rate of 22.0%.
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Personality snowflake
- Concentration
- 92.06
- Portfolio Stability
- 21.97
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 60
- Sizing Uniformity
- 75.28
Angel Oak Capital Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.230 — mathematically equivalent to about 4 equally-sized positions, well below its 30 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.47), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 13% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim MBS
-49.0% -$3.1M
Add BKLN
-7.2% -$2.9M
Trim USHY
-41.1% -$2.4M
Add TRBF
+38.1% $1.3M
Sold out KINS
Trim PNBK
-15.9% -$1.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BKLN | Invesco Senior Loan ETF | ETF-Other | 45.92% | +2.23% | -7.23% | |
| 2 | AOHY | Angel Oak High Yild Oppo ETF | ETF-Other | 8.20% | -0.19% | -14.47% | |
| 3 | TRBF | Angel Oak Total Return ETF | ETF-Other | 5.94% | +2.14% | +38.06% | |
| 4 | USHY | Ishares Broad Usd High Yield | ETF-High Yield | 4.37% | -2.14% | -41.06% | |
| 5 | MBS | Angel Oak Mortg-bcked Se ETF | ETF-Other | 4.08% | -2.99% | -49.01% | |
| 6 | PNBK | Patriot National Bancorp Inc | Stock-Other | 3.22% | -1.32% | -15.92% | |
| 7 | GCBC | Greene County Bancorp Inc | Stock-Other | 2.58% | +1.06% | — | |
| 8 | UMBF | Umb Financial CORP | Stock-Financials | 2.45% | +0.75% | — | |
| 9 | PFBC | Preferred Bank/los Angeles | Stock-Other | 2.08% | +0.52% | — | |
| 10 | EFC | Ellington Financial Inc | Stock-Other | 2.05% | +0.48% | — | |
| 11 | FCNCA | First Citizens Bcshs -cl A | Stock-Financials | 1.97% | +0.40% | — | |
| 12 | MTB | M & T Bank CORP | Stock-Financials | 1.80% | +0.10% | -18.92% | |
| 13 | PLBC | Plumas Bancorp | Stock-Other | 1.75% | +0.36% | -7.78% | |
| 14 | BSVN | Bank7 CORP | Stock-Other | 1.36% | +0.39% | — | |
| 15 | PB | Prosperity Bancshares Inc | Stock-Financials | 1.28% | +0.24% | — | |
| 16 | PMT | Pennymac Mortgage Investment | Stock-Other | 1.16% | +0.11% | — | |
| 17 | C | Citigroup Inc | Stock-Financials | 1.06% | -0.33% | -45.45% | |
| 18 | COLB | Columbia Banking System Inc | Stock-Financials | 1.01% | +0.25% | — | |
| 19 | SSB | Southstate Bank CORP | Stock-Financials | 1.01% | +0.19% | — | |
| 20 | FUNC | First United CORP | Stock-Other | 0.95% | -0.01% | -28.27% | |
| 21 | PNFP | Pinnacle Financial Partners | Stock-Financials | 0.89% | +0.22% | — | |
| 22 | SFBS | Servisfirst Bancshares Inc | Stock-Financials | 0.88% | +0.23% | — | |
| 23 | FSBW | Fs Bancorp Inc | Stock-Other | 0.71% | +0.07% | -13.33% | |
| 24 | EGBN | Eagle Bancorp Inc | Stock-Other | 0.61% | +0.06% | -15.00% | |
| 25 | SYBT | Stock Yards Bancorp Inc | Stock-Other | 0.58% | +0.21% | +20.00% | |
| 26 | NBN | Northeast Bank | Stock-Other | 0.50% | +0.06% | -14.29% | |
| 27 | FLG | Flagstar Bank NA | Stock-Financials | 0.47% | +0.03% | -16.67% | |
| 28 | AGNC | Agnc Investment CORP | Stock-Real Estate | 0.42% | +0.08% | — | |
| 29 | NIC | Nicolet Bankshares Inc | Stock-Other | 0.42% | -0.08% | -33.33% | |
| 30 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.29% | -0.54% | -68.85% |
Portfolio Performance
Performance for Q3 2026
+3.7%
Performance Last 4 Quarters
+7.9%
- Stdev
- +5.6%
- Beta
- +0.2
- Alpha
- +3.3%
- Max Drawdown
- -2.1%
- Annualized Perf
- +7.1%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.82
- Stutzer
- +0.38
- Treynor
- +0.36
- Sterling
- +0.6
- Calmar
- +3.4
- Information Ratio
- -1.02
- Tracking Error
- +11.8%
- Stdev Down
- +2.5%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +10.5%
- Worst 12 Months
- +5.6%
- Efficiency Ratio
- +0.43
- Sharpe
- +1.26
- Stdev Sectors
- +46.8%
- Skewness
- +0.21
- Kurtosis
- -1.12
- Upside Potential
- +4.77
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Angel Oak Capital Advisors, LLC's most significant position changes for 2026-06-30: Sold out: Kingstone Cos Inc (KINS); Sold out: Flushing Financial CORP (FL8); Sold out: Arrow Financial CORP (AROW); Trim: Angel Oak Mortg-bcked Se ETF (MBS) — shares -49.01%; Trim: Invesco Senior Loan ETF (BKLN) — shares -7.23%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BKLN | Invesco Senior Loan ETF | +2.2% | -7.23% | Trim |
| 2 | TRBF | Angel Oak Total Return ETF | +2.1% | +38.06% | Add |
| 3 | GCBC | Greene County Bancorp Inc | +1.1% | — | Unchanged |
| 4 | UMBF | Umb Financial CORP | +0.8% | — | Unchanged |
| 5 | PFBC | Preferred Bank/los Angeles | +0.5% | — | Unchanged |
| 6 | EFC | Ellington Financial Inc | +0.5% | — | Unchanged |
| 7 | FCNCA | First Citizens Bcshs -cl A | +0.4% | — | Unchanged |
| 8 | BSVN | Bank7 CORP | +0.4% | — | Unchanged |
| 9 | PLBC | Plumas Bancorp | +0.4% | -7.78% | Trim |
| 10 | COLB | Columbia Banking System Inc | +0.3% | — | Unchanged |
| 11 | PB | Prosperity Bancshares Inc | +0.2% | — | Unchanged |
| 12 | SFBS | Servisfirst Bancshares Inc | +0.2% | — | Unchanged |
| 13 | PNFP | Pinnacle Financial Partners | +0.2% | — | Unchanged |
| 14 | SYBT | Stock Yards Bancorp Inc | +0.2% | +20.00% | Add |
| 15 | SSB | Southstate Bank CORP | +0.2% | — | Unchanged |
| 16 | PMT | Pennymac Mortgage Investment | +0.1% | — | Unchanged |
| 17 | MTB | M & T Bank CORP | +0.1% | -18.92% | Trim |
| 18 | AGNC | Agnc Investment CORP | +0.1% | — | Unchanged |
| 19 | FSBW | Fs Bancorp Inc | +0.1% | -13.33% | Trim |
| 20 | EGBN | Eagle Bancorp Inc | +0.1% | -15.00% | Trim |
| 21 | NBN | Northeast Bank | +0.1% | -14.29% | Trim |
| 22 | FLG | Flagstar Bank NA | 0% | -16.67% | Trim |
| 23 | FUNC | First United CORP | 0% | -28.27% | Trim |
| 24 | NIC | Nicolet Bankshares Inc | -0.1% | -33.33% | Trim |
| 25 | AOHY | Angel Oak High Yild Oppo ETF | -0.2% | -14.47% | Trim |
| 26 | AROW | Arrow Financial CORP | -0.3% | EXIT | Sold out |
| 27 | C | Citigroup Inc | -0.3% | -45.45% | Trim |
| 28 | FL8 | Flushing Financial CORP | -0.5% | EXIT | Sold out |
| 29 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | -0.5% | -68.85% | Trim |
| 30 | PNBK | Patriot National Bancorp Inc | -1.3% | -15.92% | Trim |
| 31 | KINS | Kingstone Cos Inc | -1.8% | EXIT | Sold out |
| 32 | USHY | Ishares Broad Usd High Yield | -2.1% | -41.06% | Trim |
| 33 | MBS | Angel Oak Mortg-bcked Se ETF | -3% | -49.01% | Trim |
Filing History
FAQ
What is Angel Oak Capital Advisors, LLC and what type of investor is it?
Angel Oak Capital Advisors, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $79.3M, spread across 30 disclosed positions.
What are Angel Oak Capital Advisors, LLC's largest equity positions?
Based on the latest 13F filing, Angel Oak Capital Advisors, LLC's top holdings by market value are:
1. Invesco Senior Loan ETF (BKLN) — $36.4M (45.9%)
2. Angel Oak High Yild Oppo ETF (AOHY) — $6.5M (8.2%)
3. Angel Oak Total Return ETF (TRBF) — $4.7M (5.9%)
4. Ishares Broad Usd High Yield (USHY) — $3.5M (4.4%)
5. Angel Oak Mortg-bcked Se ETF (MBS) — $3.2M (4.1%)
What changes did Angel Oak Capital Advisors, LLC make in its most recent portfolio filing?
In the latest reported quarter, Angel Oak Capital Advisors, LLC made 20 notable position adjustments: 0 new positions were initiated, 2 existing holdings were added to, 15 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Kingstone Cos Inc (KINS); Sold out: Flushing Financial CORP (FL8); Sold out: Arrow Financial CORP (AROW); Trim: Angel Oak Mortg-bcked Se ETF (MBS) — shares -49.01%; Trim: Invesco Senior Loan ETF (BKLN) — shares -7.23%
What sectors does Angel Oak Capital Advisors, LLC focus on?
Angel Oak Capital Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 96.8%
• Real Estate: 3.2%
Investment Profile
Angel Oak Capital Advisors, LLC returned an annualized 7.1% over the trailing 18 months — outperforming the S&P 500 by 3.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.20 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 96.8% of the portfolio concentrated in Financials.
Its concentration score has risen from 46 to 92 over the past 4 quarters — a shift toward higher-conviction positions.
It has added to its TRBF position over the past two quarters (+$3.2M, now $4.7M), while trimming USHY over the same stretch (-$10.1M, still holding $3.5M).
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