FundStrat Granny Shots US Large Cap ETF

GRNY

Market cap $3.68B

Bitcoin hit a so-called ‘death cross' this past weekend, after closing out a third consecutive week of losses on Friday. Fundstrat's Tom Lee sees the cryptocurrency hitting a record high before the end of 2025.

NEW YORK , Nov. 11, 2025 /PRNewswire/ -- Fundstrat Capital today announced that the Fundstrat Granny Shots US Small- & Mid-Cap ETF ("SMID Granny") (NYSE: GRNJ) and the Fundstrat Granny Shots US Large Cap & Income ETF ("Granny Income") (NYSE: GRNI) are expected to commence trading soon on NYSE Arca. These two new ETFs broaden and strengthen Fundstrat's Granny Shots ETF family, adding a SMID and an income-oriented product, providing investors with enhanced ways to invest in Fundstrat's thematic and super-cycle focused investment products.

NEW YORK , Nov. 7, 2025 /PRNewswire/ -- Fundstrat Capital today announced the one-year anniversary of its flagship exchange-traded fund, the Fundstrat Granny Shots US Large Cap ETF (NYSE: GRNY), marking a year of rapid asset growth, strong performance, and increasing investor engagement. Since launching on November 7, 2024, GRNY has quickly become one of the fastest-growing actively managed large-cap equity ETFs, surpassing $3.65 billion in assets under management (AUM) as of October 31, 2025, and ranking in the top 1% among Morningstar's Large Cap Blend funds based on year-to-date performance.

It's been a pretty good year to be an investor in the broad indices, with the popular Vanguard S&P 500 ETF (NYSEARCA:VOO) and Invesco QQQ Trust (NASDAQ:QQQ) both up by double-digits, with two and a half more months to go in the year.

The Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) trades at dangerously high valuation, with an average P/E of 65.12. Top holdings such as Tesla (256x), Robinhood (73x), and Palo Alo Networks (130x) highlight the ETFs extreme concentration in sentiment-driven, richly valued names. The valuation is higher than the Nikkei in 1989 and the Nifty Fifty in the early 1970s, both of which led to sharp long-term drawdowns.

GRNY's massive success continues. It's now crossed the $3B assets under management threshold and has gained 8.00% since my review two months ago. Tom Lee's thematic approach to stock selection provides investors with a completely different look at the U.S. growth space, which helps justify its hefty 0.75% expense ratio. This article highlights how "style tilt" is a prevalent theme, and my analysis strongly indicates momentum is a big part of the ETF's 27.55% total return since November 2024.

NEW YORK , Oct. 6, 2025 /PRNewswire/ -- Fundstrat Capital's Granny Shots U.S. Large-Cap ETF (NYSE: GRNY) has surpassed $3 billion in assets under management (AUM), topping this milestone on Oct. 2, 2025, less than a year after its November 2024 inception. With this accomplishment, GRNY extends its status as one of the fastest growing ETFs in history from a new issuer.1 As of market close on Oct. 2, 2025, Fundstrat's actively managed ETF was up 26.54% year-to-date, compared with a 15.30% gain in the benchmark S&P 500 Total Return Index — an outperformance of 1,124 basis points.

Fundstrat's Tom Lee has been a notable pundit in this wildly bullish stock market.

GRNY delivers a high-conviction, actively managed ETF built on 7 macro themes, outperforming major passive peers since its late 2024 launch. The fund's strategy blends top-down and bottom-up analysis, targeting large-cap U.S. stocks aligned with short- and long-term economic drivers. While GRNY trades at a premium and carries concentration risk, its thematic approach and active management justify the higher expense ratio for me.

Granny Shots seems to be a rather unusual name for an ETF, at least in my view. Undoubtedly, if you're not a basketball fan, you probably have no idea what the name of the ETF entails.