Fundstrat Capital Announces February 2026 Rebalance for Granny Shots Small- & Mid-Cap ETF (NYSE: GRNJ)

Rhea-AI Summary

Fundstrat Capital (NYSE: GRNJ) completed its February 2026 quarterly rebalance for the Fundstrat Granny Shots US Small- & Mid-Cap ETF on Feb. 25, 2026, updating holdings after a sizable turnover.

The fund reported $384 million AUM as of Feb. 23, 2026, with 18 additions and 11 removals reflecting Fundstrat's seven-theme Granny Shots framework and a focus on quality cyclical and value quality exposures.

Positive

• AUM > $384M as of Feb 23, 2026, signaling strong investor demand
• 18 additions in the Feb 2026 rebalance, expanding thematic exposure
• Dual-theme filter (security must appear in ≥2 themes) enforces thematic conviction

Negative

• 29 net changes (18 adds, 11 removes) imply higher portfolio turnover and potential transaction costs
• Small-/mid-cap focus increases exposure to market volatility relative to large-cap strategies

News Market Reaction – GRNI

+0.87%

1 alert

+0.87% News Effect

On the day this news was published, GRNI gained 0.87%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

GRNJ AUM: $384 million Holdings added: 18 additions Holdings removed: 11 deletions +3 more

6 metrics

GRNJ AUM $384 million Assets under management as of Feb 23, 2026

Holdings added 18 additions February 2026 GRNJ quarterly rebalance

Holdings removed 11 deletions February 2026 GRNJ quarterly rebalance

Investment themes 7 themes Fundstrat Granny Shots thematic selection framework

GRNY AUM $4 billion GRNY assets since November 2024 inception

Fundstrat suite AUM $4.5 billion Total assets across Granny Shots ETF suite as of Feb 23, 2026

Market Reality Check

Price: $19.47 Vol: Volume 68,226 is 10% abov...

normal vol

$19.47 Last Close

Volume Volume 68,226 is 10% above the 20-day average of 61,953, indicating slightly elevated interest before this update. normal

Technical GRNI trades below its 200-day MA at 20.4, with the current price at 19.96, suggesting a modestly weaker longer-term trend.

Peers on Argus

No peer stocks with momentum data are provided, so GRNI’s modest 0.63% move appe...

No peer stocks with momentum data are provided, so GRNI’s modest 0.63% move appears stock-specific based on available information rather than part of a broader sector rotation.

Historical Context

4 past events · Latest: Feb 23 (Neutral)

Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Feb 23	Large-cap rebalance	Neutral	-1.4%	Announced quarterly rebalance across the Granny Shots large-cap ETF suite.
Jan 28	Monthly distribution	Positive	+0.2%	Declared monthly distribution of $0.17425 per share for GRNI.
Jan 12	AUM growth update	Positive	+0.6%	Reported rapid AUM growth for GRNY, GRNI, and GRNJ since launch.
Dec 19	Inaugural distribution	Positive	+1.9%	Announced GRNI’s first monthly distribution with detailed payout dates.

Pattern Detected

Recent news has centered on distributions, AUM growth, and rebalances, with mostly modest positive price reactions and one negative reaction to a rebalance announcement.

Recent Company History

Over the last few months, GRNI’s news flow has focused on launches, distributions, and AUM growth. On Dec 19, 2025, Fundstrat announced GRNI’s inaugural monthly distribution, followed by another payout update on Jan 28, 2026. A Jan 9 update highlighted rapid AUM growth across the Granny Shots ETF suite. On Feb 23, 2026, a large-cap rebalance was announced. Today’s small- & mid-cap GRNJ rebalance complements this broader suite evolution.

Market Pulse Summary

This announcement details a quarterly rebalance and growing AUM for GRNJ, which now manages over $38...

Analysis

This announcement details a quarterly rebalance and growing AUM for GRNJ, which now manages over $384 million, alongside a Granny Shots ETF suite exceeding $4.5 billion in assets. For GRNI holders, it underscores continued investor adoption of the broader strategy and expanding coverage across market caps. Investors may watch future AUM trends, distribution declarations, and subsequent rebalance updates to gauge how the family’s growth and positioning evolve over time.

Key Terms

exchange-traded fund, assets under management, options overlay

3 terms

exchange-traded fund financial

"The Fundstrat Granny Shots US Small- & Mid-Cap ETF (NYSE: GRNJ) is an actively managed exchange-traded fund"

An exchange-traded fund (ETF) is a type of investment fund that holds a collection of assets, such as stocks or bonds, and is traded on stock exchanges like individual stocks. It allows investors to buy and sell a diversified group of investments easily and efficiently, often at a lower cost. ETFs provide a simple way to gain exposure to a broad market or specific sectors without having to buy each asset separately.

assets under management financial

"With more than $384 million in assets under management, as of Feb. 23, 2026"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

options overlay financial

"GRNI pairs GRNY equity holdings with an actively managed options overlay to pursue monthly distributions"

An options overlay is a set of option contracts added on top of an existing stock or portfolio to change its risk and return profile without buying or selling the underlying holdings. Like putting a removable roof or awnings on a house, it can generate extra income, limit potential losses, or let you pursue upside with less capital, so investors use it to tailor protection and returns while keeping core positions intact.

AI-generated analysis. Not financial advice.

GRNJ ranks among the fastest-growing actively managed small- and mid-cap equity ETF launches with more than $384 million in AUM¹

NEW YORK, Feb. 25, 2026 /PRNewswire/ -- Fundstrat Capital, the investment management firm led by Chief Investment Officer Thomas "Tom" Lee, announced the completion of the February 2026 quarterly rebalance for the Fundstrat Granny Shots US Small- & Mid-Cap ETF (NYSE: GRNJ). With more than $384 million in assets under management, as of Feb. 23, 2026, GRNJ ranks among the fastest-growing actively managed small- and mid-cap equity ETF launches.

The rebalance reflects updated positioning across Fundstrat's proprietary Granny Shots investment framework, which identifies small- and mid-cap equities they believe are positioned to benefit from multiple structural themes spanning macroeconomic trends, monetary policy, demographics, behavioral shifts, and technology adoption.

"We are executing this rebalance to dynamically adapt Granny Shots to changing market conditions, style and seasonality regime shifts, and also fundamental changes. This allows us to best position our portfolio to perform in the months and years ahead," said Thomas "Tom" Lee, Chief Investment Officer of Fundstrat Capital. "For this particular rebalance, our macro, quantitative and fundamental analysis resulted in a sizable number of changes, with 18 additions and 11 deletions. Our evidence-based research suggests that the 2026 macro backdrop points to a challenging but ultimately positive year for equities. Hence, our portfolio is focused on quality cyclical and value quality."

For a full overview of the February 2026 rebalance, watch Tom Lee's latest Fundstrat Capital weekly update video HERE or visit grannyshots.com.

The Granny Shots investment strategy combines Fundstrat's top-down macroeconomic research with bottom-up quantitative screening. To qualify for the portfolio, a security must appear in at least two of Fundstrat's seven fundamental investment themes, targeting positions supported by multiple potential tailwinds.

The seven themes driving the February 2026 selection include three shorter-term themes: Style Tilt, Seasonality, and PMI Recovery, alongside four longer-term themes: Millennials, Global Labor Supply, Energy & Cybersecurity, and Easing Financial Conditions.

February 2026 Rebalance Summary
Following the quarterly rebalance, the updated holdings for GRNJ are as follows:

• Additions: ARRY (Array Technologies), CARR (Carrier Global), CRS (Carpenter Technology), CW (Curtiss-Wright), DINO (HF Sinclair), DPZ (Domino's Pizza), DTM (DT Midstream), ELF (e.l.f. Beauty), EXEL (Exelixis), FN (Fabrinet), H (Hyatt Hotels), HALO (Halozyme Therapeutics), HII (Huntington Ingalls Industries), LSCC (Lattice Semiconductor), SATS (EchoStar), UHS (Universal Health Services), UUUU (Energy Fuels), VMI (Valmont Industries).

• Removals: AYI (Acuity Brands), EME (EMCOR Group), HIMS (Hims & Hers Health), IOT (Samsara), JOBY (Joby Aviation), MTZ (MasTec), NEU (NewMarket Corporation), PEGA (Pegasystems), QLYS (Qualys), RBLX (Roblox), TWLO (Twilio).

Why Investors Are Allocating to the Granny Shots Small- & Mid-Cap Strategy
Since its inception, GRNJ has reached more than $384 million in assets under management, as of Feb. 23, 2026, making it one of the fastest-growing actively managed small- and mid-cap equity ETF launches. The fund's rapid growth reflects investor demand for applying Fundstrat's thematic research framework beyond large cap equities, bringing the same systematic, actively managed approach to the broader opportunity set within small- and mid-cap equities.

The Granny Shots ETF suite, including Fundstrat Granny Shots US Large Cap ETF (NYSE: GRNY), Fundstrat Granny Shots US Large Cap & Income (NYSE: GRNI), and Fundstrat Granny Shots US Small- & Mid-Cap ETF (NYSE: GRNJ), provides investors with a research-driven toolkit across market capitalizations and income preferences.

GRNY has surpassed $4 billion in AUM since its November 2024 inception, ranking among the fastest-growing actively managed large-cap equity ETF launches in history.²

To learn more about the Granny Shots strategy and the full suite of ETFs, visit grannyshots.com.

Frequently Asked Questions

What is the Granny Shots Small- & Mid-Cap ETF (GRNJ)?
The Fundstrat Granny Shots US Small- & Mid-Cap ETF (NYSE: GRNJ) is an actively managed exchange-traded fund that uses Fundstrat's proprietary thematic investment framework to identify small- and mid-cap U.S. equities positioned at the intersection of multiple macroeconomic and fundamental tailwinds.

How does the Granny Shots strategy select stocks?
A security must appear in at least two of Fundstrat's seven investment themes to qualify for the portfolio. This dual signal methodology combines top-down macro research with bottom-up quantitative screening. The portfolio is equally weighted and rebalanced quarterly.

How does GRNJ differ from GRNY?
GRNY focuses on large-cap U.S. equities. GRNJ applies the same Granny Shots thematic framework to the small- and mid-cap universe, offering investors exposure to a broader set of growth opportunities driven by the same macroeconomic and fundamental research.

What is the total AUM of Fundstrat Capital?
As of Feb. 23, 2026, Fundstrat Capital manages over $ 4.5 billion in assets under management across the Granny Shots ETF suite.

¹ Source: Morningstar and FactSet as of January 9, 2026; data includes all active and passive managed U.S. small- and mid-cap equity ETFs.

² Source: Morningstar and FactSet as of Jan. 9, 2026; data includes all actively managed U.S. large-cap equity ETFs.

About Fundstrat Capital
Fundstrat Capital is an investment management firm led by Chief Investment Officer Thomas "Tom" Lee, specializing in thematic, research-driven equity strategies. The firm applies in-depth macroeconomic, industry, and market trend analysis to develop actively managed investment solutions for a broad range of investors. Tom Lee is widely recognized for his market research, macro commentary, and pioneering work in thematic investing across equities and digital assets.

To learn more, visit fundstratcapital.com.

GRNY Holdings and Performance: grannyshots.com/grny
GRNJ Holdings and Performance: grannyshots.com/grnj
GRNI Holdings and Performance: grannyshots.com/grni

Follow Fundstrat Capital
X: @FundstratCap
X: @fundstrat
LinkedIn: Fundstrat Capital
YouTube: @FundstratCapital

Subscribe for Updates
To receive weekly market updates and commentary from Thomas "Tom" Lee and Fundstrat Capital, visit grannyshots.com/sign-up.

Media Inquiries
Email: inquiry@fundstratcapital.com

Disclosures

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns.
BEFORE INVESTING, YOU SHOULD CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES. THIS AND OTHER INFORMATION IS CONTAINED IN THE PROSPECTUS, WHICH CAN BE ACCESSED AT GRANNYSHOTS.COM/FUND-DOCUMENTS/ OR BY CALLING (212) 293-7132. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
Investing involves risk. Principal loss is possible.
The principal risks of investing in the Fund are summarized below. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund.
Equity Market Risk. Common stocks are generally exposed to greater risk than other types of securities, such as preferred stock and debt obligations, because common stockholders generally have inferior rights to receive payment from specific issuers.
Models and Data Risk. The composition of the Fund's portfolio is heavily dependent on investment models developed by the Sub-Adviser as well as information and data supplied by third parties ("Models and Data"). When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon may lead to the inclusion or exclusion of securities from the Fund's portfolio that would have been excluded or included had the Models and Data been correct and complete.
Operational Risk. The Fund is subject to risks arising from various operational factors, including, but not limited to, human error, processing and communication errors of the Fund's service providers, counter parties or other third-parties, failed or inadequate processes and technology or systems failures.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Mid-Capitalization Investing. The securities of mid-capitalization companies may be more vulnerable to adverse issuer, market, political, or economic developments than securities of large-capitalization companies. The securities of mid-capitalization companies generally trade in lower volumes and are subject to greater and more unpredictable price changes than large-capitalization stocks or the stock market as a whole.
Small-Capitalization Investing. Small-cap companies may be less stable and more susceptible to market changes, with their securities being more volatile and less liquid.
Distributed by Foreside Fund Services, LLC. Foreside is not related to Tidal or Fundstrat.

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SOURCE Fundstrat Capital

FAQ

What changes did Fundstrat announce in the Feb 2026 GRNJ rebalance?

The rebalance added 18 securities and removed 11 securities from GRNJ, effective Feb 25, 2026. According to Fundstrat Capital, this update reflects shifts across macro, quantitative and fundamental signals driving the Granny Shots thematic framework.

How much AUM does GRNJ have after the February 2026 rebalance?

GRNJ reported more than $384 million in assets under management as of Feb 23, 2026. According to Fundstrat Capital, that AUM positions GRNJ among the fastest-growing actively managed small- and mid-cap ETF launches.

Why did Fundstrat make 18 additions to GRNJ in Feb 2026?

The 18 additions reflect updated macro, quantitative and fundamental analysis and thematic signals. According to Fundstrat Capital, the changes aim to position GRNJ for 2026’s style, seasonality and macro regime shifts while emphasizing quality cyclical and value quality.

What selection criteria determine which stocks join GRNJ after a rebalance?

A security must appear in at least two of Fundstrat’s seven investment themes to qualify for GRNJ. According to Fundstrat Capital, this dual-signal approach combines top-down macro research with bottom-up quantitative screening for portfolio inclusion.

How does the Feb 2026 rebalance affect investor exposure compared to GRNY?

GRNJ applies the Granny Shots framework to small- and mid-cap equities, offering different risk-return exposure than GRNY’s large-cap focus. According to Fundstrat Capital, GRNJ targets smaller-cap opportunities driven by the same thematic research used across the suite.