SP Funds S&P 500 Sharia ETF
SPUS
24 hedge funds and large institutions have $12.5M invested in SP Funds S&P 500 Sharia ETF in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 12 increasing their positions, 3 reducing their positions, and 5 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 3
27% more capital invested
Capital invested by funds: $9.88M → $12.5M (+$2.66M)
0.12% more ownership
Funds ownership: 5.77% → 5.89% (+0.12%)
14% less funds holding
Funds holding: 28 → 24 (-4)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.16M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$349K |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$349K |
| 4 |
MWM
Mission Wealth Management
Santa Barbara,
California
|
+$300K |
| 5 |
VPP
Vertex Planning Partners
Downers Grove,
Illinois
|
+$68.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$383K |
| 2 |
LPL Financial
San Diego,
California
|
-$214K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$208K |
| 4 |
Goldman Sachs
New York
|
-$178K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$22.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
LPL Financial
San Diego,
California
| – | -$214K | -8,322 | Closed |
|
|
27
Citadel Advisors
Miami,
Florida
| – | -$208K | -8,069 | Closed |
|
|
RBC
28
Romano Brothers & Co
Evanston,
Illinois
| – | -$10.8K | -421 | Closed |
|
29
Fidelity Investments
Boston,
Massachusetts
| – | -$51 | -2 | Closed |
|
SPUS Hedge Fund Activity: Q1 2023 in Review
24 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in SP Funds S&P 500 Sharia ETF (SPUS) for Q1 2023, worth a combined $12.5M — up 27% from $9.88M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SPUS and 1 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 12 added.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $1.16M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $383K sold.
- 24 institutional investors held SP Funds S&P 500 Sharia ETF (SPUS) as of Q1 2023, down from 28 in Q4 2022.
- Funds reported $12.5M of SP Funds S&P 500 Sharia ETF stock for Q1 2023, up 27% quarter-over-quarter.
- 1 fund opened new SP Funds S&P 500 Sharia ETF positions in Q1 2023 and 5 closed out, a net change of -4 holders.
- The largest SP Funds S&P 500 Sharia ETF buyer in Q1 2023 was Manulife (Manufacturers Life Insurance), an estimated $1.16M added.
- The largest SP Funds S&P 500 Sharia ETF seller in Q1 2023 was Susquehanna International Group, an estimated $383K sold.
Based on aggregated 13F filings for Q1 2023.