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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
S
1
ShariaPortfolio
Florida
$33.5M -$3.32M -92,067 -9%
Manulife (Manufacturers Life Insurance)
2
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$31.6M +$6.3M +174,459 +26%
CCA
3
Childress Capital Advisors
Texas
$3.47M -$567K -15,700 -15%
FFA
4
Farther Finance Advisors
California
$2.51M +$485K +13,440 +25%
MWM
5
Mission Wealth Management
California
$1.52M +$1.88K +52 +0.1%
SFA
6
Sequoia Financial Advisors
Ohio
$1.45M – – –
Wealth Enhancement Advisory Services
7
Wealth Enhancement Advisory Services
Minnesota
$1.34M -$46.4K -1,285 -4%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$1.17M -$126K -3,485 -10%
Truist Financial
9
Truist Financial
North Carolina
$1.17M -$129K -3,583 -10%
CLOS
10
Compagnie Lombard Odier SCmA
Switzerland
$1.15M -$116K -3,200 -10%
NL
11
NWAM LLC
Washington
$1.06M +$147K +4,076 +17%
VPP
12
Vertex Planning Partners
Illinois
$961K – – –
SF
13
Synovus Financial
Georgia
$920K +$55.4K +1,534 +7%
LPL Financial
14
LPL Financial
California
$919K +$240K +6,658 +38%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$833K +$437K +12,120 +123%
Two Sigma Investments
16
Two Sigma Investments
New York
$697K -$292K -8,100 -31%
CAPTRUST Financial Advisors
17
CAPTRUST Financial Advisors
North Carolina
$652K – – –
Susquehanna International Group
18
Susquehanna International Group
Pennsylvania
$647K +$228K +6,315 +59%
CIBC World Market
19
CIBC World Market
Ontario, Canada
$629K +$58.9K +1,632 +11%
Citadel Advisors
20
Citadel Advisors
Florida
$544K +$519K +14,374 New
Marshall Wace
21
Marshall Wace
United Kingdom
$478K +$456K +12,632 New
MSFS
22
Main Street Financial Solutions
Pennsylvania
$433K -$17.7K -491 -4%
GS
23
GTS Securities
New York
$415K +$395K +10,956 New
CAM
24
Cresset Asset Management
Illinois
$364K +$347K +9,602 New
1832 Asset Management
25
1832 Asset Management
Ontario, Canada
$358K +$75.9K +2,102 +29%
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.