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, 9 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
100% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 9
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$6.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$519K |
| 3 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$485K |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$456K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$437K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
S
ShariaPortfolio
Lake Mary,
Florida
|
-$3.32M |
| 2 |
Goldman Sachs
New York
|
-$2.52M |
| 3 |
CCA
Childress Capital Advisors
Houston,
Texas
|
-$567K |
| 4 |
Two Sigma Investments
New York
|
-$292K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$129K |
SPUS Hedge Fund Activity: Q1 2024 in Review
45 of the 6,958 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 9 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.