Wahed FTSE USA Shariah ETF
HLAL
27 hedge funds and large institutions have $9.45M invested in Wahed FTSE USA Shariah ETF in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 2 reducing their positions, and 3 closing their positions.
350% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 2
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
51% more capital invested
Capital invested by funds: $6.25M → $9.45M (+$3.2M)
29% more funds holding
Funds holding: 21 → 27 (+6)
0.62% more ownership
Funds ownership: 2.82% → 3.44% (+0.62%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FEM
Fulcrum Equity Management
Plano,
Texas
|
+$1.41M |
| 2 |
LCGC
Legacy Capital Group California
Los Gatos,
California
|
+$504K |
| 3 |
Jane Street
New York
|
+$427K |
| 4 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$348K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$572K |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$218K |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$209K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$172K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$161K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
2L
26
25 LLC
St. Louis,
Missouri
| $3.81K | +$3.54K | +88 | New |
|
27
Wells Fargo
San Francisco,
California
| $40 | +$40 | +1 | New |
|
|
28
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$572K | -14,679 | Closed |
|
|
29
CIBC World Market
Toronto,
Ontario, Canada
| – | -$218K | -5,595 | Closed |
|
|
UCFA
30
United Capital Financial Advisors
Irving,
Texas
| – | -$209K | -5,368 | Closed |
|
HLAL Hedge Fund Activity: Q2 2023 in Review
27 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Wahed FTSE USA Shariah ETF (HLAL) for Q2 2023, worth a combined $9.45M — up 51% from $6.25M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new HLAL positions and 3 closed out — a net gain of 6 holders — while 9 added to existing stakes and 2 trimmed.
The largest buyer was Fulcrum Equity Management, opening a new position worth an estimated $1.41M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $572K sold.
- 27 institutional investors held Wahed FTSE USA Shariah ETF (HLAL) as of Q2 2023, up from 21 in Q1 2023.
- Funds reported $9.45M of Wahed FTSE USA Shariah ETF stock for Q2 2023, up 51% quarter-over-quarter.
- 9 funds opened new Wahed FTSE USA Shariah ETF positions in Q2 2023 and 3 closed out, a net change of +6 holders.
- The largest Wahed FTSE USA Shariah ETF buyer in Q2 2023 was Fulcrum Equity Management, an estimated $1.41M added.
- The largest Wahed FTSE USA Shariah ETF seller in Q2 2023 was Susquehanna International Group, an estimated $572K sold.
Based on aggregated 13F filings for Q2 2023.