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Wahed FTSE USA Shariah ETF
HLAL

42 hedge funds and large institutions have $28.7M invested in Wahed FTSE USA Shariah ETF in 2024 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 6

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

17% more capital invested

Capital invested by funds: $24.6M → $28.7M (+$4.11M)

8% more funds holding

Funds holding: 39 → 42 (+3)

0.4% more ownership

Funds ownership: 4.58% → 4.99% (+0.4%)

Holders
42
Holders Change
+3
Holders Change %
+7.69%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
21
Reduced
6
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RA
RFG Advisory
Alabama
+$1.99M
2
Citadel Advisors
Citadel Advisors
Florida
+$482K
3
Jane Street
Jane Street
New York
+$412K
4
NA
NewEdge Advisors
Louisiana
+$205K
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$201K

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$762K
2
CIBC World Market
CIBC World Market
Ontario, Canada
-$122K
3
MWM
Mission Wealth Management
California
-$114K
4
JIP
Jaffetilchin Investment Partners
Florida
-$74.6K
5
PCA
Providence Capital Advisors
North Carolina
-$71.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
RA
1
RFG Advisory
Alabama
$7.42M +$1.99M +37,756 +37%
FFA
2
Farther Finance Advisors
California
$2.11M +$47.1K +895 +2%
Two Sigma Investments
3
Two Sigma Investments
New York
$2.03M +$58K +1,101 +3%
MWM
4
Mission Wealth Management
California
$1.79M -$114K -2,170 -6%
SFA
5
Sequoia Financial Advisors
Ohio
$1.52M – – –
Citadel Advisors
6
Citadel Advisors
Florida
$1.24M +$482K +9,158 +64%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$1.17M +$110K +2,083 +10%
Mercer Global Advisors
8
Mercer Global Advisors
Colorado
$1.09M +$109K +2,061 +11%
CCC
9
Compass Capital Corp
Massachusetts
$910K +$909K +17,255 New
Jane Street
10
Jane Street
New York
$888K +$412K +7,812 +87%
FDCDDQ
11
Federation des caisses Desjardins du Quebec
Quebec, Canada
$757K – – –
TWC
12
TD Waterhouse Canada
Ontario, Canada
$756K – – –
VBFG
13
Vishria Bird Financial Group
Tennessee
$726K +$42.3K +802 +6%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$720K +$63.2K +1,200 +10%
VFA
15
Valeo Financial Advisors
Indiana
$561K +$15.2K +288 +3%
WCFA
16
Walkner Condon Financial Advisors
Wisconsin
$422K – – –
AWM
17
Apollon Wealth Management
South Carolina
$412K +$21.8K +413 +6%
CIBC World Market
18
CIBC World Market
Ontario, Canada
$409K -$122K -2,322 -23%
TRCT
19
Tower Research Capital (TRC)
New York
$400K +$55.3K +1,050 +16%
FWP
20
Forefront Wealth Partners
Texas
$354K +$354K +6,713 New
SC
21
Sepio Capital
Utah
$351K +$527 +10 +0.2%
SCA
22
Snowden Capital Advisors
New York
$293K – – –
LPL Financial
23
LPL Financial
California
$284K +$3.27K +62 +1%
UCFA
24
United Capital Financial Advisors
Texas
$262K +$24.8K +470 +10%
Raymond James Financial
25
Raymond James Financial
Florida
$257K +$257K +4,877 New
1
2

HLAL Hedge Fund Activity: Q4 2024 in Review

42 of the 7,593 institutional investors tracked by Wall St. Rank reported a position in Wahed FTSE USA Shariah ETF (HLAL) for Q4 2024, worth a combined $28.7M — up 17% from $24.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new HLAL positions and 3 closed out — a net gain of 5 holders — while 21 added to existing stakes and 6 trimmed.

The largest buyer was RFG Advisory, adding an estimated $1.99M. The largest seller was Goldman Sachs, exiting entirely with an estimated $762K sold.

  • 42 institutional investors held Wahed FTSE USA Shariah ETF (HLAL) as of Q4 2024, up from 39 in Q3 2024.
  • Funds reported $28.7M of Wahed FTSE USA Shariah ETF stock for Q4 2024, up 17% quarter-over-quarter.
  • 8 funds opened new Wahed FTSE USA Shariah ETF positions in Q4 2024 and 3 closed out, a net change of +5 holders.
  • The largest Wahed FTSE USA Shariah ETF buyer in Q4 2024 was RFG Advisory, an estimated $1.99M added.
  • The largest Wahed FTSE USA Shariah ETF seller in Q4 2024 was Goldman Sachs, an estimated $762K sold.

Based on aggregated 13F filings for Q4 2024.