Verdicts genuinely change. Free email alert the moment CPAI's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Counterpoint Quantitative Equity ETF ETF · NORTHERN LIGHTS FUND TRUST III
52 holdings · as of 2026-06-30 (3.5 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 34.91% of portfolio weight is in non-compliant holdings, over the 5% threshold.
52 holdings, 47 matched (94% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
1.61% of this portfolio’s income is non-permissible — weighted across holdings, computed over 90% of portfolio weight (45 of 52 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
56.9% compliant 1.9% questionable 34.9% non-compliant 6.3% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PL PLANET LABS PBC | COMPLIANT | 2.39% | AAOIFI0.8% Usmani3.5% Dow Jones Islamic1.0% S&P Shariah1.4% MSCI Islamic3.5% MSCI Islamic M-Series1.4% FTSE Shariah0.0% |
| ALAB ASTERA LABS INC | COMPLIANT | 2.39% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BELLRING BRANDS INC | UNSCREENED | 2.19% | no in-house ratios for this holding |
| AMD ADVANCED MICRO DEVICES INC | COMPLIANT | 2.18% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| MRVL MARVELL TECHNOLOGY INC | COMPLIANT | 2.17% | AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0% |
| BB BLACKBERRY LTD | COMPLIANT | 2.16% | AAOIFI2.9% Usmani17.5% Dow Jones Islamic7.7% S&P Shariah8.9% MSCI Islamic17.5% MSCI Islamic M-Series8.9% FTSE Shariah15.6% |
| INTC INTEL CORP | COMPLIANT | 2.13% | AAOIFI9.2% Usmani25.0% Dow Jones Islamic23.9% S&P Shariah26.3% MSCI Islamic25.0% MSCI Islamic M-Series26.3% FTSE Shariah25.0% |
| WDC WESTERN DIGITAL CORP | COMPLIANT | 2.12% | AAOIFI0.7% Usmani8.6% Dow Jones Islamic1.8% S&P Shariah2.3% MSCI Islamic8.6% MSCI Islamic M-Series2.3% FTSE Shariah7.6% |
| DELL DELL TECHNOLOGIES INC | COMPLIANT | 2.10% | AAOIFI10.2% Usmani27.7% Dow Jones Islamic30.9% S&P Shariah36.3% MSCI Islamic27.7% MSCI Islamic M-Series36.3% FTSE Shariah27.1% |
| FSLY FASTLY INC | COMPLIANT | 2.09% | AAOIFI11.6% Usmani26.5% Dow Jones Islamic21.9% S&P Shariah21.9% MSCI Islamic26.5% MSCI Islamic M-Series21.9% FTSE Shariah21.5% |
| ABCL ABCELLERA BIOLOGICS INC | NON_COMPLIANT | 2.07% | AAOIFI3.8% Usmani10.4% Dow Jones Islamic11.0% S&P Shariah11.0% MSCI Islamic10.4% MSCI Islamic M-Series11.0% FTSE Shariah0.0% |
| MPWR MONOLITHIC POWER SYSTEMS INC | COMPLIANT | 2.06% | AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| PBF PBF ENERGY INC | NON_COMPLIANT | 2.06% | AAOIFI28.2% Usmani17.1% Dow Jones Islamic64.1% S&P Shariah58.0% MSCI Islamic16.9% MSCI Islamic M-Series58.0% FTSE Shariah11.9% |
| TXG 10X GENOMICS INC | COMPLIANT | 2.04% | AAOIFI1.0% Usmani7.6% Dow Jones Islamic3.2% S&P Shariah2.5% MSCI Islamic7.6% MSCI Islamic M-Series2.5% FTSE Shariah0.0% |
| ECHO ECHOSTAR CORP | NON_COMPLIANT | 2.03% | AAOIFI65.9% Usmani44.9% Dow Jones Islamic95.2% S&P Shariah127.3% MSCI Islamic44.6% MSCI Islamic M-Series127.3% FTSE Shariah44.2% |
| HPE HEWLETT PACKARD ENTERPRISE COMPANY | NON_COMPLIANT | 2.01% | AAOIFI29.3% Usmani24.2% Dow Jones Islamic61.2% S&P Shariah69.5% MSCI Islamic24.2% MSCI Islamic M-Series69.5% FTSE Shariah24.2% |
| ALHC ALIGNMENT HEALTHCARE INC | COMPLIANT | 2.01% | AAOIFI11.6% Usmani25.3% Dow Jones Islamic10.0% S&P Shariah12.5% MSCI Islamic25.3% MSCI Islamic M-Series12.5% FTSE Shariah25.3% |
| BROOKDALE SENIOR LIVING INC | UNSCREENED | 2.00% | no in-house ratios for this holding |
| DVA DAVITA INC | NON_COMPLIANT | 2.00% | AAOIFI119.4% Usmani75.7% Dow Jones Islamic119.5% S&P Shariah122.0% MSCI Islamic75.7% MSCI Islamic M-Series122.0% FTSE Shariah60.9% |
| ADTN ADTRAN HOLDINGS INC | COMPLIANT | 2.00% | AAOIFI31.4% Usmani16.9% Dow Jones Islamic25.0% S&P Shariah28.6% MSCI Islamic16.9% MSCI Islamic M-Series28.6% FTSE Shariah16.9% |
| AAPL APPLE INC | COMPLIANT | 1.99% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| CASY CASEY'S GENERAL STORES INC | NON_COMPLIANT | 1.99% | AAOIFI13.4% Usmani31.8% Dow Jones Islamic13.9% S&P Shariah16.3% MSCI Islamic31.8% MSCI Islamic M-Series16.3% FTSE Shariah26.6% |
| MU MICRON TECHNOLOGY INC | COMPLIANT | 1.99% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| NTAP NETAPP INC | COMPLIANT | 1.98% | AAOIFI7.4% Usmani25.0% Dow Jones Islamic11.7% S&P Shariah13.3% MSCI Islamic25.0% MSCI Islamic M-Series13.3% FTSE Shariah22.7% |
| ALB ALBEMARLE CORP | COMPLIANT | 1.98% | AAOIFI13.1% Usmani13.2% Dow Jones Islamic15.4% S&P Shariah15.0% MSCI Islamic12.6% MSCI Islamic M-Series15.0% FTSE Shariah11.8% |
| BTSG BRIGHTSPRING HEALTH SERVICES INC | COMPLIANT | 1.97% | AAOIFI19.9% Usmani39.9% Dow Jones Islamic37.1% S&P Shariah45.1% MSCI Islamic39.6% MSCI Islamic M-Series45.1% FTSE Shariah36.6% |
| TH TARGET HOSPITALITY CORP | COMPLIANT | 1.96% | AAOIFI2.4% Usmani8.1% Dow Jones Islamic4.9% S&P Shariah4.7% MSCI Islamic7.4% MSCI Islamic M-Series4.7% FTSE Shariah6.8% |
| CBOE CBOE GLOBAL MARKETS INC | NON_COMPLIANT | 1.96% | AAOIFI4.9% Usmani14.9% Dow Jones Islamic6.2% S&P Shariah6.8% MSCI Islamic14.9% MSCI Islamic M-Series6.8% FTSE Shariah13.6% |
| HCA HCA HEALTHCARE INC | NON_COMPLIANT | 1.95% | AAOIFI57.2% Usmani82.9% Dow Jones Islamic53.5% S&P Shariah56.7% MSCI Islamic81.7% MSCI Islamic M-Series56.7% FTSE Shariah78.1% |
| CAH CARDINAL HEALTH INC | COMPLIANT | 1.95% | AAOIFI17.8% Usmani17.7% Dow Jones Islamic24.8% S&P Shariah28.7% MSCI Islamic17.4% MSCI Islamic M-Series28.7% FTSE Shariah15.5% |
| CVE CENOVUS ENERGY INC | COMPLIANT | 1.95% | AAOIFI13.4% Usmani17.3% Dow Jones Islamic23.2% S&P Shariah23.5% MSCI Islamic17.3% MSCI Islamic M-Series23.5% FTSE Shariah17.3% |
| CENX CENTURY ALUMINUM COMPANY | COMPLIANT | 1.94% | AAOIFI10.4% Usmani16.7% Dow Jones Islamic15.7% S&P Shariah19.8% MSCI Islamic16.7% MSCI Islamic M-Series19.8% FTSE Shariah16.7% |
| MCK MCKESSON CORP | COMPLIANT | 1.94% | AAOIFI12.5% Usmani14.9% Dow Jones Islamic14.5% S&P Shariah15.8% MSCI Islamic14.7% MSCI Islamic M-Series15.8% FTSE Shariah12.5% |
| COR CENCORA INC | COMPLIANT | 1.93% | AAOIFI18.9% Usmani14.0% Dow Jones Islamic20.8% S&P Shariah22.7% MSCI Islamic14.0% MSCI Islamic M-Series22.7% FTSE Shariah14.0% |
| CXW CORECIVIC INC | NON_COMPLIANT | 1.93% | AAOIFI39.5% Usmani39.3% Dow Jones Islamic61.9% S&P Shariah68.7% MSCI Islamic39.3% MSCI Islamic M-Series68.7% FTSE Shariah39.3% |
| AMN HEALTHCARE SERVICES INC | UNSCREENED | 1.93% | no in-house ratios for this holding |
| NYT NEW YORK TIMES COMPANY (THE) | QUESTIONABLE | 1.93% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ENSG ENSIGN GROUP INC (THE) | COMPLIANT | 1.92% | AAOIFI22.6% Usmani39.1% Dow Jones Islamic24.0% S&P Shariah26.7% MSCI Islamic39.1% MSCI Islamic M-Series26.7% FTSE Shariah2.4% |
| KGS KODIAK GAS SERVICES INC | NON_COMPLIANT | 1.92% | AAOIFI43.8% Usmani51.2% Dow Jones Islamic74.1% S&P Shariah90.9% MSCI Islamic50.3% MSCI Islamic M-Series90.9% FTSE Shariah49.5% |
| APA APA CORP | NON_COMPLIANT | 1.92% | AAOIFI25.9% Usmani21.6% Dow Jones Islamic42.6% S&P Shariah41.4% MSCI Islamic21.6% MSCI Islamic M-Series41.4% FTSE Shariah20.8% |
| COP CONOCOPHILLIPS | COMPLIANT | 1.91% | AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7% |
| CNC CENTENE CORP | NON_COMPLIANT | 1.91% | AAOIFI50.5% Usmani19.4% Dow Jones Islamic62.6% S&P Shariah53.4% MSCI Islamic19.4% MSCI Islamic M-Series53.4% FTSE Shariah19.4% |
| OXY OCCIDENTAL PETROLEUM CORP | NON_COMPLIANT | 1.89% | AAOIFI24.4% Usmani19.4% Dow Jones Islamic31.4% S&P Shariah30.3% MSCI Islamic18.2% MSCI Islamic M-Series30.3% FTSE Shariah17.1% |
| HPQ HP INC | NON_COMPLIANT | 1.88% | AAOIFI36.8% Usmani22.6% Dow Jones Islamic42.8% S&P Shariah41.1% MSCI Islamic22.6% MSCI Islamic M-Series41.1% FTSE Shariah20.0% |
| PODD INSULET CORP | COMPLIANT | 1.88% | AAOIFI9.6% Usmani30.0% Dow Jones Islamic5.3% S&P Shariah5.9% MSCI Islamic30.0% MSCI Islamic M-Series5.9% FTSE Shariah30.0% |
| SMCI SUPER MICRO COMPUTER INC | NON_COMPLIANT | 1.87% | AAOIFI17.4% Usmani15.3% Dow Jones Islamic20.6% S&P Shariah17.5% MSCI Islamic15.3% MSCI Islamic M-Series17.5% FTSE Shariah13.5% |
| JBLU JETBLUE AIRWAYS CORP | NON_COMPLIANT | 1.87% | AAOIFI564.6% Usmani60.2% Dow Jones Islamic510.7% S&P Shariah514.8% MSCI Islamic60.2% MSCI Islamic M-Series514.8% FTSE Shariah54.7% |
| VRRM VERRA MOBILITY CORP | NON_COMPLIANT | 1.85% | AAOIFI135.4% Usmani67.3% Dow Jones Islamic34.1% S&P Shariah31.6% MSCI Islamic67.3% MSCI Islamic M-Series31.6% FTSE Shariah64.0% |
| KSS KOHL'S CORP | NON_COMPLIANT | 1.80% | AAOIFI183.9% Usmani44.5% Dow Jones Islamic249.6% S&P Shariah219.6% MSCI Islamic30.1% MSCI Islamic M-Series219.6% FTSE Shariah9.9% |
| COCO VITA COCO COMPANY INC (THE) | COMPLIANT | 1.76% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BBH SWEEP VEHICLE | UNSCREENED | 0.18% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 22 points of portfolio weight — 64.3% of it passes AAOIFI, 41.8% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 64.3% ratios fail on 21.2% 14.6% not rated under AAOIFI
ratios pass on 60.1% ratios fail on 23.3% 16.6% not rated under Usmani
ratios pass on 50.6% ratios fail on 33.0% 16.5% not rated under Dow Jones Islamic
ratios pass on 56.1% ratios fail on 29.3% 14.6% not rated under S&P Shariah
ratios pass on 41.8% ratios fail on 39.8% 18.4% not rated under MSCI Islamic
ratios pass on 52.3% ratios fail on 31.3% 16.5% not rated under MSCI Islamic M-Series
ratios pass on 60.0% ratios fail on 23.5% 16.6% not rated under FTSE Shariah
47 of 52 listed holdings carry our own per-methodology verdicts (94% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 45 (90% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| ABCL ABCELLERA BIOLOGICS INC | 2.07% |
| PBF PBF ENERGY INC | 2.06% |
| ECHO ECHOSTAR CORP | 2.03% |
| HPE HEWLETT PACKARD ENTERPRISE COMPANY | 2.01% |
| DVA DAVITA INC | 2.00% |
| CASY CASEY'S GENERAL STORES INC | 1.99% |
| CBOE CBOE GLOBAL MARKETS INC | 1.96% |
| HCA HCA HEALTHCARE INC | 1.95% |
| CXW CORECIVIC INC | 1.93% |
| KGS KODIAK GAS SERVICES INC | 1.92% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Counterpoint Quantitative Equity ETF (CPAI) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Computing the full ratio and business-activity breakdown for CPAI — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 57.80 | NEUTRAL |
| Stochastic %K (14) | 79.03 | NEUTRAL |
| CCI (20) | 72.09 | NEUTRAL |
| Williams %R (14) | -20.97 | NEUTRAL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | 3.42 | BUY |
| Momentum (10) | 1.76 | BUY |
| EMA (10) | 52.96 | BUY |
| SMA (10) | 52.97 | BUY |
| EMA (20) | 52.68 | BUY |
| SMA (20) | 52.56 | BUY |
| EMA (30) | 52.48 | BUY |
| SMA (30) | 52.34 | BUY |
| EMA (50) | 52.09 | BUY |
| SMA (50) | 52.26 | BUY |
| EMA (100) | 50.79 | BUY |
| SMA (100) | 51.44 | BUY |
| EMA (200) | 47.56 | BUY |
| SMA (200) | 47.70 | BUY |
Under normal market circumstances, the fund invests at least 80% of its assets in common stocks and American Depositary Receipts. The fund holds at least 50 U.S. listed stocks or American Depository Receipts. The stocks selected are of companies of any market capitalization and are among the highest-ranking stocks as determined by quantitative models. The quantitative models use machine learning technology to rank stocks of companies of U.S. domiciled companies and ADRs of any market capitalization.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | RANGING | 41 |
| ⏰ 4H | RANGING | 19 |
| 🕐 1H | BEARISH | 77 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.