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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
RA
1
RFG Advisory
Alabama
$4.67M +$4.52M +96,629 New
MWM
2
Mission Wealth Management
California
$1.74M +$102K +2,175 +6%
FFA
3
Farther Finance Advisors
California
$1.41M +$97.1K +2,073 +8%
SFA
4
Sequoia Financial Advisors
Ohio
$1.39M – – –
TRCT
5
Tower Research Capital (TRC)
New York
$612K +$342K +7,304 +136%
TWC
6
TD Waterhouse Canada
Ontario, Canada
$585K +$94.9K +2,026 +25%
FDCDDQ
7
Federation des caisses Desjardins du Quebec
Quebec, Canada
$536K +$356K +7,594 +218%
KFS
8
Kaizen Financial Strategies
California
$489K +$168K +3,596 +55%
CIBC World Market
9
CIBC World Market
Ontario, Canada
$449K +$32.9K +703 +8%
AWM
10
Apollon Wealth Management
South Carolina
$425K -$170K -3,624 -29%
WCFA
11
Walkner Condon Financial Advisors
Wisconsin
$388K – – –
SC
12
Sepio Capital
Utah
$343K +$332K +7,090 New
VFA
13
Valeo Financial Advisors
Indiana
$337K +$336K +7,166 New
Osaic Holdings
14
Osaic Holdings
Arizona
$325K +$85.9K +1,834 +38%
VBFG
15
Vishria Bird Financial Group
Tennessee
$319K – – –
Two Sigma Investments
16
Two Sigma Investments
New York
$314K +$74.9K +1,600 +33%
SCA
17
Snowden Capital Advisors
New York
$292K +$282K +6,030 New
RJFSA
18
Raymond James Financial Services Advisors
Florida
$263K +$255K +5,445 New
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$261K -$1.64K -35 -0.6%
HF
20
HRT Financial
New York
$240K +$233K +4,970 New
Jane Street
21
Jane Street
New York
$239K +$232K +4,949 New
1832 Asset Management
22
1832 Asset Management
Ontario, Canada
$237K – – –
UCFA
23
United Capital Financial Advisors
Texas
$218K – – –
CAPTRUST Financial Advisors
24
CAPTRUST Financial Advisors
North Carolina
$208K +$201K +4,297 New
Northwestern Mutual Wealth Management
25
Northwestern Mutual Wealth Management
Wisconsin
$189K +$20.6K +439 +13%
1
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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.