Wahed FTSE USA Shariah ETF
HLAL
46 hedge funds and large institutions have $28.8M invested in Wahed FTSE USA Shariah ETF in 2025 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 9 reducing their positions, and 4 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 9
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
33% more capital inflows, than outflows
Capital inflows: $8.63M | Capital outflows: $6.48M
10% more funds holding
Funds holding: 42 → 46 (+4)
0.24% more ownership
Funds ownership: 4.36% → 4.6% (+0.24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$1.86M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.07M |
| 3 |
WesBanco Bank
Wheeling,
West Virginia
|
+$552K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$485K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$225K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$4.2M |
| 2 |
RFG Advisory
Birmingham,
Alabama
|
-$1.47M |
| 3 |
Wall Street Financial Group
Carlinville,
Illinois
|
-$213K |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$207K |
| 5 |
Farther Finance Advisors
San Francisco,
California
|
-$202K |
HLAL Hedge Fund Activity: Q2 2025 in Review
46 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in Wahed FTSE USA Shariah ETF (HLAL) for Q2 2025, worth a combined $28.8M — up 19% from $24.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new HLAL positions and 4 closed out — a net gain of 4 holders — while 21 added to existing stakes and 9 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $1.86M. The largest seller was Two Sigma Investments, exiting entirely with an estimated $4.2M sold.
- 46 institutional investors held Wahed FTSE USA Shariah ETF (HLAL) as of Q2 2025, up from 42 in Q1 2025.
- Funds reported $28.8M of Wahed FTSE USA Shariah ETF stock for Q2 2025, up 19% quarter-over-quarter.
- 8 funds opened new Wahed FTSE USA Shariah ETF positions in Q2 2025 and 4 closed out, a net change of +4 holders.
- The largest Wahed FTSE USA Shariah ETF buyer in Q2 2025 was Goldman Sachs, an estimated $1.86M added.
- The largest Wahed FTSE USA Shariah ETF seller in Q2 2025 was Two Sigma Investments, an estimated $4.2M sold.
Based on aggregated 13F filings for Q2 2025.