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SP Funds S&P 500 Sharia ETF
SPUS

45 hedge funds and large institutions have $92.2M invested in SP Funds S&P 500 Sharia ETF in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

80% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 10

17% more capital invested

Capital invested by funds: $78.6M → $92.2M (+$13.6M)

10% more funds holding

Funds holding: 41 → 45 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.83% less ownership

Funds ownership: 21.03% → 18.2% (-2.8%)

Holders
45
Holders Change
+4
Holders Change %
+9.76%
% of All Funds
0.65%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
8
Increased
18
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$6.3M
2
Citadel Advisors
Citadel Advisors
Florida
+$519K
3
FFA
Farther Finance Advisors
California
+$485K
4
Marshall Wace
Marshall Wace
United Kingdom
+$456K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$437K

Top Sellers

Rank Fund Capital Flow
1
S
ShariaPortfolio
Florida
-$3.32M
2
Goldman Sachs
Goldman Sachs
New York
-$2.52M
3
CCA
Childress Capital Advisors
Texas
-$567K
4
Two Sigma Investments
Two Sigma Investments
New York
-$292K
5
Truist Financial
Truist Financial
North Carolina
-$129K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$321K +$57.1K +1,581 +23%
Fifth Third Bancorp
27
Fifth Third Bancorp
Ohio
$308K – – –
YDMI
28
Y.D. More Investments
Israel
$299K +$47.6K +1,320 +20%
SCA
29
Snowden Capital Advisors
New York
$262K +$250K +6,926 New
TWC
30
TD Waterhouse Canada
Ontario, Canada
$240K +$2.53K +70 +1%
KAS
31
Kestra Advisory Services
Texas
$232K +$221K +6,129 New
AWM
32
Apollon Wealth Management
South Carolina
$221K -$85.5K -2,370 -29%
CPIG
33
Chicago Partners Investment Group
Illinois
$217K +$215K +5,957 New
EWA
34
Emergent Wealth Advisors
New York
$212K +$202K +5,587 New
Bank of America
35
Bank of America
North Carolina
$207K +$83K +2,300 +72%
CFGS
36
Concourse Financial Group Securities
Alabama
$198K +$289 +8 +0.2%
FDCDDQ
37
Federation des caisses Desjardins du Quebec
Quebec, Canada
$182K +$14.8K +410 +9%
National Bank of Canada
38
National Bank of Canada
Quebec, Canada
$166K – – –
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$163K – – –
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$130K +$47.3K +1,310 +62%
IA
41
IFP Advisors
Florida
$47.8K +$1.91K +53 +4%
NL
42
NVWM LLC
Pennsylvania
$16.7K – – –
Morgan Stanley
43
Morgan Stanley
New York
$7.64K -$7.25K -201 -50%
LFG
44
Larson Financial Group
Missouri
$4.93K – – –
BWL
45
Bogart Wealth LLC
Virginia
$1.89K – – –
Goldman Sachs
46
Goldman Sachs
New York
– -$2.52M -73,590 Closed
TRCT
47
Tower Research Capital (TRC)
New York
– -$62.1K -1,817 Closed
SPIA
48
Steward Partners Investment Advisory
New York
– -$25.9K -758 Closed
NFA
49
Northwest Financial Advisors
Virginia
– -$17.8K -520 Closed
1
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SPUS Hedge Fund Activity: Q1 2024 in Review

45 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in SP Funds S&P 500 Sharia ETF (SPUS) for Q1 2024, worth a combined $92.2M — up 17% from $78.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new SPUS positions and 4 closed out — a net gain of 4 holders — while 18 added to existing stakes and 10 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $6.3M. The largest seller was ShariaPortfolio, cutting an estimated $3.32M.

  • 45 institutional investors held SP Funds S&P 500 Sharia ETF (SPUS) as of Q1 2024, up from 41 in Q4 2023.
  • Funds reported $92.2M of SP Funds S&P 500 Sharia ETF stock for Q1 2024, up 17% quarter-over-quarter.
  • 8 funds opened new SP Funds S&P 500 Sharia ETF positions in Q1 2024 and 4 closed out, a net change of +4 holders.
  • The largest SP Funds S&P 500 Sharia ETF buyer in Q1 2024 was Manulife (Manufacturers Life Insurance), an estimated $6.3M added.
  • The largest SP Funds S&P 500 Sharia ETF seller in Q1 2024 was ShariaPortfolio, an estimated $3.32M sold.

Based on aggregated 13F filings for Q1 2024.