SP Funds S&P 500 Sharia ETF
SPUS
48 hedge funds and large institutions have $108M invested in SP Funds S&P 500 Sharia ETF in 2024 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 8 reducing their positions, and 4 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 8
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
17% more capital invested
Capital invested by funds: $92.2M → $108M (+$15.6M)
7% more funds holding
Funds holding: 45 → 48 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.2% less ownership
Funds ownership: 18.2% → 17% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$3.14M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.32M |
| 3 |
AI
ArchPoint Investors
Coral Gables,
Florida
|
+$2.22M |
| 4 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$976K |
| 5 |
SFCL
Strengthening Families & Communities LLC
Boston,
Massachusetts
|
+$792K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
S
ShariaPortfolio
Lake Mary,
Florida
|
-$1.74M |
| 2 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$1.06M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$478K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$346K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$286K |
SPUS Hedge Fund Activity: Q2 2024 in Review
48 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in SP Funds S&P 500 Sharia ETF (SPUS) for Q2 2024, worth a combined $108M — up 17% from $92.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SPUS positions and 4 closed out — a net gain of 3 holders — while 20 added to existing stakes and 8 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $3.14M. The largest seller was ShariaPortfolio, cutting an estimated $1.74M.
- 48 institutional investors held SP Funds S&P 500 Sharia ETF (SPUS) as of Q2 2024, up from 45 in Q1 2024.
- Funds reported $108M of SP Funds S&P 500 Sharia ETF stock for Q2 2024, up 17% quarter-over-quarter.
- 7 funds opened new SP Funds S&P 500 Sharia ETF positions in Q2 2024 and 4 closed out, a net change of +3 holders.
- The largest SP Funds S&P 500 Sharia ETF buyer in Q2 2024 was Manulife (Manufacturers Life Insurance), an estimated $3.14M added.
- The largest SP Funds S&P 500 Sharia ETF seller in Q2 2024 was ShariaPortfolio, an estimated $1.74M sold.
Based on aggregated 13F filings for Q2 2024.