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SP Funds S&P 500 Sharia ETF
SPUS

69 hedge funds and large institutions have $184M invested in SP Funds S&P 500 Sharia ETF in 2025 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 36 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

157% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 14

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% less capital invested

Capital invested by funds: $185M → $184M (-$736K)

1.5% less ownership

Funds ownership: 11.31% → 9.81% (-1.5%)

4% less funds holding

Funds holding: 72 → 69 (-3)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

Holders
69
Holders Change
-3
Holders Change %
-4.17%
% of All Funds
0.84%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
36
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RF
rebel Financial
Ohio
+$3.4M
2
AWP
Abacus Wealth Partners
California
+$2.86M
3
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$2.86M
4
Two Sigma Investments
Two Sigma Investments
New York
+$2.46M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.44M

Top Sellers

Rank Fund Capital Flow
1
SFCL
Strengthening Families & Communities LLC
Massachusetts
-$6.34M
2
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$2.82M
3
MYIA
Mount Yale Investment Advisors
Colorado
-$2.79M
4
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$2.35M
5
TRCT
Tower Research Capital (TRC)
New York
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
FDCDDQ
26
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.07M +$68.9K +1,360 +7%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$1.04M +$267K +5,275 +35%
CIBC World Market
28
CIBC World Market
Ontario, Canada
$937K -$314K -6,203 -25%
JIP
29
Jaffetilchin Investment Partners
Florida
$816K +$140K +2,765 +21%
CPWA
30
Cerro Pacific Wealth Advisors
California
$751K +$14.1K +279 +2%
1832 Asset Management
31
1832 Asset Management
Ontario, Canada
$685K -$149K -2,948 -18%
AF
32
Allworth Financial
California
$423K +$350K +6,912 +505%
WB
33
WesBanco Bank
West Virginia
$423K – – –
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$416K – – –
CMP
35
Courage Miller Partners
Virginia
$415K +$21.1K +417 +5%
MSFS
36
Main Street Financial Solutions
Pennsylvania
$414K -$26.7K -527 -6%
YDMI
37
Y.D. More Investments
Israel
$403K – – –
Cetera Investment Advisers
38
Cetera Investment Advisers
Illinois
$395K +$51 +1 +0%
National Bank of Canada
39
National Bank of Canada
Quebec, Canada
$373K +$40.6K +801 +12%
SCA
40
Snowden Capital Advisors
New York
$368K +$35.7K +705 +11%
Creative Planning
41
Creative Planning
Kansas
$367K -$117K -2,314 -24%
MML Investors Services
42
MML Investors Services
Massachusetts
$357K +$112K +2,216 +46%
PAG
43
Private Advisor Group
New Jersey
$336K -$59.1K -1,165 -15%
EWA
44
Emergent Wealth Advisors
New York
$329K -$40.3K -796 -11%
Renaissance Technologies
45
Renaissance Technologies
New York
$327K -$978K -19,300 -75%
Osaic Holdings
46
Osaic Holdings
Arizona
$320K +$1.62K +32 +0.5%
CPIG
47
Chicago Partners Investment Group
Illinois
$307K +$304 +6 +0.1%
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
$307K +$11.4K +225 +4%
KAS
49
Kestra Advisory Services
Texas
$306K +$2.84K +56 +0.9%
MCC
50
Money Concepts Capital
Florida
$277K +$6.24K +123 +2%
1
2
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SPUS Hedge Fund Activity: Q4 2025 in Review

69 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in SP Funds S&P 500 Sharia ETF (SPUS) for Q4 2025, worth a combined $184M — down 0.4% from $185M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of SPUS and 8 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 36 added.

The largest buyer was rebel Financial, opening a new position worth an estimated $3.4M. The largest seller was Strengthening Families & Communities LLC, exiting entirely with an estimated $6.34M sold.

  • 69 institutional investors held SP Funds S&P 500 Sharia ETF (SPUS) as of Q4 2025, down from 72 in Q3 2025.
  • Funds reported $184M of SP Funds S&P 500 Sharia ETF stock for Q4 2025, down 0.4% quarter-over-quarter.
  • 8 funds opened new SP Funds S&P 500 Sharia ETF positions in Q4 2025 and 10 closed out, a net change of -2 holders.
  • The largest SP Funds S&P 500 Sharia ETF buyer in Q4 2025 was rebel Financial, an estimated $3.4M added.
  • The largest SP Funds S&P 500 Sharia ETF seller in Q4 2025 was Strengthening Families & Communities LLC, an estimated $6.34M sold.

Based on aggregated 13F filings for Q4 2025.