Wahed FTSE USA Shariah ETF
HLAL
51 hedge funds and large institutions have $34.1M invested in Wahed FTSE USA Shariah ETF in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 7 reducing their positions, and 1 closing their positions.
1,000% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 1
186% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 7
23% more capital invested
Capital invested by funds: $27.7M → $34.1M (+$6.37M)
21% more funds holding
Funds holding: 42 → 51 (+9)
1.36% more ownership
Funds ownership: 3.46% → 4.82% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RF
rebel Financial
Groveport,
Ohio
|
+$3.68M |
| 2 |
Mercer Global Advisors
Denver,
Colorado
|
+$3.25M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$547K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$290K |
| 5 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
+$231K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCC
Compass Capital Corp
Braintree,
Massachusetts
|
-$142K |
| 2 |
MWM
Mission Wealth Management
Santa Barbara,
California
|
-$31.9K |
| 3 |
WB
WesBanco Bank
Wheeling,
West Virginia
|
-$30.6K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
-$23.6K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.42K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fidelity Investments
Boston,
Massachusetts
| $1.63K | – | – | – |
|
52
Wells Fargo
San Francisco,
California
| $13 | -$61 | -1 | Closed |
|
HLAL Hedge Fund Activity: Q4 2025 in Review
51 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Wahed FTSE USA Shariah ETF (HLAL) for Q4 2025, worth a combined $34.1M — up 23% from $27.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HLAL positions and 1 closed out — a net gain of 10 holders — while 20 added to existing stakes and 7 trimmed.
The largest buyer was rebel Financial, opening a new position worth an estimated $3.68M. The largest seller was Compass Capital Corp, cutting an estimated $142K.
- 51 institutional investors held Wahed FTSE USA Shariah ETF (HLAL) as of Q4 2025, up from 42 in Q3 2025.
- Funds reported $34.1M of Wahed FTSE USA Shariah ETF stock for Q4 2025, up 23% quarter-over-quarter.
- 11 funds opened new Wahed FTSE USA Shariah ETF positions in Q4 2025 and 1 closed out, a net change of +10 holders.
- The largest Wahed FTSE USA Shariah ETF buyer in Q4 2025 was rebel Financial, an estimated $3.68M added.
- The largest Wahed FTSE USA Shariah ETF seller in Q4 2025 was Compass Capital Corp, an estimated $142K sold.
Based on aggregated 13F filings for Q4 2025.