We are live on ! Find out more
HLAL icon

Wahed FTSE USA Shariah ETF
HLAL

36 hedge funds and large institutions have $16.9M invested in Wahed FTSE USA Shariah ETF in 2024 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 4 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

450% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 2

225% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 4

79% more capital invested

Capital invested by funds: $9.46M → $16.9M (+$7.49M)

33% more funds holding

Funds holding: 27 → 36 (+9)

1.28% more ownership

Funds ownership: 2.75% → 4.03% (+1.3%)

Holders
36
Holders Change
+9
Holders Change %
+33.33%
% of All Funds
0.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
13
Reduced
4
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RA
RFG Advisory
Alabama
+$4.52M
2
FDCDDQ
Federation des caisses Desjardins du Quebec
Quebec, Canada
+$356K
3
TRCT
Tower Research Capital (TRC)
New York
+$342K
4
VFA
Valeo Financial Advisors
Indiana
+$336K
5
SC
Sepio Capital
Utah
+$332K

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$612K
2
Citadel Advisors
Citadel Advisors
Florida
-$366K
3
AWM
Apollon Wealth Management
South Carolina
-$170K
4
Morgan Stanley
Morgan Stanley
New York
-$7.12K
5
SFCL
Strengthening Families & Communities LLC
Massachusetts
-$5.15K
Name Holding Trade Value Shares
Change 		Change in
Stake
CFGS
26
Concourse Financial Group Securities
Alabama
$188K – – –
SFCL
27
Strengthening Families & Communities LLC
Massachusetts
$72K -$5.15K -110 -7%
PCA
28
Providence Capital Advisors
North Carolina
$67.1K +$43.2K +923 +198%
PCFFS
29
Pacific Center for Financial Services
California
$47.3K – – –
FCA
30
FinTrust Capital Advisors
South Carolina
$43.4K – – –
IA
31
IFP Advisors
Florida
$29.4K +$1.17K +25 +4%
LFG
32
Larson Financial Group
Missouri
$9.38K +$3K +64 +49%
Morgan Stanley
33
Morgan Stanley
New York
$7.25K -$7.12K -152 -50%
Fidelity Investments
34
Fidelity Investments
Massachusetts
$7.23K +$6.98K +149 New
OLVIG
35
Oliver Lagore Vanvalin Investment Group
Michigan
$1.21K +$1.17K +25 New
Wells Fargo
36
Wells Fargo
California
$8 – – –
FIA
37
FNY Investment Advisers
New York
$2 +$2.34K +50 New
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
– -$612K -13,469 Closed
Citadel Advisors
39
Citadel Advisors
Florida
– -$366K -8,043 Closed
1
2

HLAL Hedge Fund Activity: Q1 2024 in Review

36 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Wahed FTSE USA Shariah ETF (HLAL) for Q1 2024, worth a combined $16.9M — up 79% from $9.46M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new HLAL positions and 2 closed out — a net gain of 9 holders — while 13 added to existing stakes and 4 trimmed.

The largest buyer was RFG Advisory, opening a new position worth an estimated $4.52M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $612K sold.

  • 36 institutional investors held Wahed FTSE USA Shariah ETF (HLAL) as of Q1 2024, up from 27 in Q4 2023.
  • Funds reported $16.9M of Wahed FTSE USA Shariah ETF stock for Q1 2024, up 79% quarter-over-quarter.
  • 11 funds opened new Wahed FTSE USA Shariah ETF positions in Q1 2024 and 2 closed out, a net change of +9 holders.
  • The largest Wahed FTSE USA Shariah ETF buyer in Q1 2024 was RFG Advisory, an estimated $4.52M added.
  • The largest Wahed FTSE USA Shariah ETF seller in Q1 2024 was Susquehanna International Group, an estimated $612K sold.

Based on aggregated 13F filings for Q1 2024.