Schedule 13G: Victory Capital’s 6.06% stake in Angel Oak Mortgage

Rhea-AI Filing Summary

Victory Capital Management, Inc. filed a Schedule 13G reporting a passive stake in Angel Oak Mortgage REIT, Inc. common stock. The firm beneficially owns 1,440,411 shares, representing 6.06% of the class as of 09/30/2025.

Victory Capital reports sole voting power over 1,440,411 shares and sole dispositive power over the same amount, with no shared voting or dispositive power. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The reporting person is classified as an investment adviser (IA).

Insights

Securities law analyst

Passive 13G discloses a >5% position without control intent.

Victory Capital Management reported beneficial ownership of 1,440,411 shares of Angel Oak Mortgage REIT, equal to 6.06% of the class as of 09/30/2025. The filing indicates sole voting and dispositive power over the disclosed shares and no shared power.

This is a Schedule 13G, which is used for passive stakes. The certification states the position was acquired and is held in the ordinary course of business and not to change or influence control. Cash-flow or transaction terms are not part of this disclosure.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Angel Oak Mortgage REIT, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

03464Y108

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 03464Y108

1

Names of Reporting Persons

Victory Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,440,411.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,440,411.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,440,411.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.06 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Angel Oak Mortgage REIT, Inc.
(b)	Address of issuer's principal executive offices: 3344 Peachtree Rd NE Suite 1725 Atlanta, GA 30326
Item 2.
(a)	Name of person filing: Victory Capital Management, Inc.
(b)	Address or principal business office or, if none, residence: 15935 La Cantera Pkwy San Antonio, TX 78256
(c)	Citizenship: New York
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 03464Y108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,440,411
(b)	Percent of class: 6.06 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,440,411
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,440,411
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Victory Capital Management, Inc. is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Victory Capital Management, Inc.

Signature:	Sean Fox
Name/Title:	Chief Compliance Officer
Date:	10/28/2025

FAQ

What stake in AOMD did Victory Capital disclose on Schedule 13G?

Victory Capital beneficially owns 1,440,411 shares of Angel Oak Mortgage REIT common stock, equal to 6.06% of the class as of 09/30/2025.

Does Victory Capital have voting and dispositive power over the AOMD shares?

Yes. It reports sole voting power over 1,440,411 shares and sole dispositive power over 1,440,411 shares, with no shared power.

Is the AOMD filing a passive or activist disclosure?

It is a Schedule 13G passive filing. The certification states the shares were acquired and held in the ordinary course and not to influence control.

What is the date of the event for Victory Capital’s AOMD ownership?

The reported ownership reflects an event date of 09/30/2025.

How is Victory Capital classified in this ownership report?

The reporting person is classified as an investment adviser (IA).

Who signed the Schedule 13G for Victory Capital and when?

It was signed by Sean Fox, Chief Compliance Officer, on 10/28/2025.