SP Funds S&P 500 Sharia ETF

SPUS • ARCA

SP Funds S&P 500 Sharia ETF is an exchange-traded fund on ARCA. As of Q3 2025, 73 institutional investors hold shares in this ETF, with total holdings valued at $185.1M. MANUFACTURERES LIFE INSURANCE CO is the largest holder with a position valued at $61.4M.

Overview

Overview of institutional ownership in SPUS as of Q3 2025

All Institutions

Institutions: 73
Value Held: $185.1M
Shares Held: 3.7M
Avg Position: $2.5M
Median Position: $426.8K

Hedge Funds

Hedge Funds: 2
Value Held: $5.2M
Shares Held: 104.6K
Avg Position: $2.6M
Median Position: $2.6M

Biggest Investors

Institutions with the largest positions in SPUS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$61.4M 0.05% of portfolio	1.2M shares	Q1 2022 Held for 3y 8m	$120.17B
SHARIAPORTFOLIO, INC. RIA/Wealth	Aliredha Munir Walji CEO	$37.4M 14.31% of portfolio	757.0K shares	Q3 2023 Held for 2y 2m	$261.3M
S Strengthening Families & Communities, LLC Institution	-	$6.3M 1.43% of portfolio	129.9K shares	Q2 2024 Held for 1y 5m	$444.6M
Farther Finance Advisors, LLC RIA/Wealth	Joseph Taylor Matthews Managing Partner	$5.0M 0.08% of portfolio	100.9K shares	Q2 2023 Held for 2y 5m	$6.6B
SYNOVUS FINANCIAL CORP Institution	Kessel D. Stelling, Jr. CEO	$4.6M 0.05% of portfolio	92.9K shares	Q4 2023 Held for 1y 11m	$8.7B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$3.9M 0.01% of portfolio	78.9K shares	Q3 2023 Held for 2y 2m	$62.0B
CHILDRESS CAPITAL ADVISORS, LLC RIA/Wealth	Don Edward Childress Founder	$3.7M 0.67% of portfolio	74.7K shares	Q2 2023 Held for 2y 5m	$547.2M
Q Qube Research & Technologies Ltd Institution	-	$3.5M 0.00% of portfolio	69.9K shares	Q1 2025 Held for 8 months	$70.6B
B Botty Investors LLC Family Office	Alfredo Jose Botty CEO	$3.4M 0.94% of portfolio	69.7K shares	Q2 2024 Held for 1y 5m	$364.5M
rebel Financial LLC RIA/Wealth	William Phillip Ratcliff President	$3.4M 1.62% of portfolio	68.6K shares	Q2 2025 Held for 5 months	$208.9M

Net Capital Flow

Institutional buying and selling activity for SPUS in Q3 2025

Traded: +$15.1M
Buyers: 45
Sellers: 18
Total Bought: +$19.9M
Total Sold: −$4.7M
Avg Position: $2.4M

Biggest Buyers

Institution	Net Bought	Current Position
S Strengthening Families & Communities, LLC Institution	+$5.0M +103.3K shares	$6.3M 129.9K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	+$2.8M +56.4K shares	$2.8M 56.4K shares
Q Qube Research & Technologies Ltd Institution	+$2.2M +45.2K shares	$3.5M 69.9K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$1.6M +32.5K shares	$3.9M 78.9K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$1.3M +26.8K shares	$61.4M 1.2M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$1.3M +25.7K shares	$1.3M 25.7K shares
T Tower Research Capital LLC Institution	+$1.3M +25.5K shares	$1.3M 25.5K shares
Kovitz Investment Group Partners, LLC RIA/Wealth	+$851.4K +17.2K shares	$2.8M 57.0K shares
L LPL Financial LLC Institution	+$552.4K +11.2K shares	$2.8M 57.0K shares
BANK OF AMERICA CORP /DE/ Institution	+$451.9K +9.1K shares	$3.3M 66.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
Marshall Wace LLP Institution	−$1.7M −37.7K shares	Sold Off 0 shares
R ROYAL BANK OF CANADA Institution	−$752.8K −15.2K shares	$2.1M 42.2K shares
RFG Advisory Group, LLC RIA/Wealth	−$686.8K −15.5K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$523.0K −10.6K shares	$749.2K 15.2K shares
SHARIAPORTFOLIO, INC. RIA/Wealth	−$428.3K −8.7K shares	$37.4M 757.0K shares
G GTS SECURITIES LLC Institution	−$246.1K −5.5K shares	Sold Off 0 shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$225.3K −5.1K shares	Sold Off 0 shares
SageOak Financial, LLC RIA/Wealth	−$49.3K −997.0 shares	$1.8M 36.0K shares
M MISSION WEALTH MANAGEMENT, LLC Institution	−$37.1K −750.0 shares	$2.4M 49.3K shares
V Vertex Planning Partners, LLC Institution	−$33.5K −677.0 shares	$1.1M 22.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SPUS in Q3 2025

New Positions: 3
New Value: $4.3M
Exited Positions: 4
Exited Value: $2.8M

New Positions

Institution	Position Value
Mount Yale Investment Advisors, LLC RIA/Wealth	$2.8M 56.4K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$1.3M 25.7K shares
H HRT FINANCIAL LLC Institution	$244.3K 4.9K shares

Exited Positions

Institution	Previous Position
Marshall Wace LLP Institution	$1.7M 37.7K shares
RFG Advisory Group, LLC RIA/Wealth	$686.8K 15.5K shares
G GTS SECURITIES LLC Institution	$246.1K 5.5K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	$225.3K 5.1K shares

Options Activity

Institutions with the largest Call and Put options positions in SPUS as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with SPUS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SHARIAPORTFOLIO, INC. RIA/Wealth	Aliredha Munir Walji CEO	14.31% $37.4M	757.0K shares	Q3 2023 Held for 2y 2m	$261.3M
rebel Financial LLC RIA/Wealth	William Phillip Ratcliff President	1.62% $3.4M	68.6K shares	Q2 2025 Held for 5 months	$208.9M
S Strengthening Families & Communities, LLC Institution	-	1.43% $6.3M	129.9K shares	Q2 2024 Held for 1y 5m	$444.6M
SageOak Financial, LLC RIA/Wealth	Stan Ray Rickner President	1.33% $1.8M	36.0K shares	Q4 2024 Held for 11 months	$133.5M
B Botty Investors LLC Family Office	Alfredo Jose Botty CEO	0.94% $3.4M	69.7K shares	Q2 2024 Held for 1y 5m	$364.5M
CHILDRESS CAPITAL ADVISORS, LLC RIA/Wealth	Don Edward Childress Founder	0.67% $3.7M	74.7K shares	Q2 2023 Held for 2y 5m	$547.2M
V Vertex Planning Partners, LLC Institution	-	0.22% $1.1M	22.0K shares	Q4 2022 Held for 2y 11m	$502.2M
Emergent Wealth Advisors, LLC RIA/Wealth	Nicholas John Efthemis CCO	0.21% $357.7K	7.2K shares	Q4 2024 Held for 11 months	$172.5M
Cerro Pacific Wealth Advisors LLC RIA/Wealth	Daniel Keith Speirs Founder	0.20% $712.9K	14.4K shares	Q2 2024 Held for 1y 5m	$365.1M
Mount Yale Investment Advisors, LLC RIA/Wealth	James R Dickson CEO	0.19% $2.8M	56.4K shares	Q3 2025 Held for 2 months	$1.4B

Hedge Fund Spotlight

Discover hedge funds investing in SPUS

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in SP Funds S&P 500 Sharia ETF

Market Value: $3.9M
Shares Held: 78.9K
Portfolio Weight: 0.01%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%