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Wahed FTSE USA Shariah ETF
HLAL

36 hedge funds and large institutions have $24.8M invested in Wahed FTSE USA Shariah ETF in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more capital invested

Capital invested by funds: $16.9M → $24.8M (+$7.87M)

1.18% more ownership

Funds ownership: 4.03% → 5.21% (+1.2%)

8% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 12

0% more funds holding

Funds holding: 36 → 36 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

Holders
36
Holders Change
–
Holders Change %
0%
% of All Funds
0.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
13
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RA
RFG Advisory
Alabama
+$4.21M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$937K
3
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$901K
4
Goldman Sachs
Goldman Sachs
New York
+$637K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$422K

Top Sellers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
-$319K
2
HF
HRT Financial
New York
-$240K
3
Jane Street
Jane Street
New York
-$239K
4
TRCT
Tower Research Capital (TRC)
New York
-$173K
5
Two Sigma Investments
Two Sigma Investments
New York
-$92.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
RA
1
RFG Advisory
Alabama
$9.28M +$4.21M +86,630 +90%
MWM
2
Mission Wealth Management
California
$1.85M +$33.7K +693 +2%
FFA
3
Farther Finance Advisors
California
$1.75M +$262K +5,404 +19%
SFA
4
Sequoia Financial Advisors
Ohio
$1.46M – – –
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$976K +$937K +19,285 New
Mercer Global Advisors
6
Mercer Global Advisors
Colorado
$939K +$901K +18,541 New
FDCDDQ
7
Federation des caisses Desjardins du Quebec
Quebec, Canada
$695K +$128K +2,643 +24%
Goldman Sachs
8
Goldman Sachs
New York
$665K +$637K +13,125 New
TWC
9
TD Waterhouse Canada
Ontario, Canada
$515K -$1.8K -37 -0.4%
CIBC World Market
10
CIBC World Market
Ontario, Canada
$509K +$37.6K +774 +8%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$490K +$208K +4,288 +80%
TRCT
12
Tower Research Capital (TRC)
New York
$461K -$173K -3,557 -28%
KFS
13
Kaizen Financial Strategies
California
$458K -$47.3K -973 -10%
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$440K +$422K +8,688 New
VBFG
15
Vishria Bird Financial Group
Tennessee
$429K +$90.8K +1,870 +28%
VFA
16
Valeo Financial Advisors
Indiana
$417K +$52.4K +1,079 +15%
WCFA
17
Walkner Condon Financial Advisors
Wisconsin
$406K – – –
AWM
18
Apollon Wealth Management
South Carolina
$363K -$78.9K -1,624 -18%
SC
19
Sepio Capital
Utah
$335K -$23.1K -476 -7%
SCA
20
Snowden Capital Advisors
New York
$284K -$20.7K -427 -7%
RJFSA
21
Raymond James Financial Services Advisors
Florida
$271K -$4.08K -84 -2%
LPL Financial
22
LPL Financial
California
$258K +$247K +5,086 New
Two Sigma Investments
23
Two Sigma Investments
New York
$233K -$92.3K -1,900 -29%
UCFA
24
United Capital Financial Advisors
Texas
$228K – – –
CAPTRUST Financial Advisors
25
CAPTRUST Financial Advisors
North Carolina
$218K – – –
1
2

HLAL Hedge Fund Activity: Q2 2024 in Review

36 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Wahed FTSE USA Shariah ETF (HLAL) for Q2 2024, worth a combined $24.8M — up 46% from $16.9M a quarter earlier.

Fund positioning in HLAL was balanced in Q2 2024: 5 funds opened new positions, 5 closed out, 13 added to existing stakes and 12 trimmed.

The largest buyer was RFG Advisory, adding an estimated $4.21M. The largest seller was Osaic Holdings, cutting an estimated $319K.

  • 36 institutional investors held Wahed FTSE USA Shariah ETF (HLAL) as of Q2 2024, unchanged from Q1 2024.
  • Funds reported $24.8M of Wahed FTSE USA Shariah ETF stock for Q2 2024, up 46% quarter-over-quarter.
  • 5 funds opened new Wahed FTSE USA Shariah ETF positions in Q2 2024 and 5 closed out, a net change of 0 holders.
  • The largest Wahed FTSE USA Shariah ETF buyer in Q2 2024 was RFG Advisory, an estimated $4.21M added.
  • The largest Wahed FTSE USA Shariah ETF seller in Q2 2024 was Osaic Holdings, an estimated $319K sold.

Based on aggregated 13F filings for Q2 2024.