Tom Lee's Fundstrat Granny Shots ETF (GRNY) Surpasses $1 Billion in AUM Six Months After Launch

Rhea-AI Summary

The Fundstrat Granny Shots U.S. Large Cap ETF (NYSE: GRNY) has achieved a significant milestone by surpassing $1 billion in assets under management (AUM) just six months after its launch on November 7, 2024. Led by Tom Lee as CIO and Lead Portfolio Manager, the ETF has gained popularity for its research-centric strategy, transparent communication, and weekly video updates. The fund features an equal-weighted construction and thematic investment approach designed to minimize concentration risk. GRNY's rapid growth reflects strong investor demand for actively managed ETFs that combine transparency with clear investment perspectives. The fund's success is attributed to its distinctive strategy, which leverages Fundstrat's thematic, evidence-based approach to navigate current market conditions.

Positive

• Reached $1 billion AUM milestone in just 6 months after launch
• Strong investor demand and rapid growth demonstrated by quick AUM accumulation
• Equal-weighted construction helps reduce concentration risk
• Provides weekly video updates for transparency and communication with investors

Negative

• New fund with no operating history increases investment uncertainty
• Subject to equity market risks and potential model/data accuracy issues
• Operational risks from dependence on third-party services

Insights

ETF Investment Specialist

Fundstrat's GRNY ETF hitting $1B AUM in just six months signals exceptional investor acceptance for this actively managed strategy.

GRNY's achievement of $1 billion in assets under management just six months post-launch represents an extraordinary growth trajectory in the ETF marketplace. This rapid accumulation places it well ahead of the typical growth curve for new ETF products, particularly for an actively managed fund.

The equal-weighted construction of this fund is a critical differentiator in today's market. While most large-cap ETFs follow cap-weighted methodologies that concentrate holdings in mega-cap companies, GRNY's equal-weighting approach deliberately reduces concentration risk—a feature that has likely resonated with investors concerned about top-heavy market structures.

The timing of this growth is particularly noteworthy as it occurred during what the release describes as a "tariff-turbulent volatile market environment." This suggests the fund's thematic investment strategy and regular communication approach via weekly video updates has provided value during uncertainty, when investors typically seek expert guidance.

From an industry perspective, GRNY's success exemplifies the accelerating shift toward actively managed ETFs that combine the traditional benefits of ETFs (liquidity, tax efficiency, transparency) with active decision-making. The fund's rapid growth reinforces the emerging investor preference for research-backed strategies in accessible wrappers rather than purely passive index replication.

While impressive, this milestone should be viewed alongside the comprehensive risk disclosures provided, particularly the reliance on models and data that could lead to portfolio construction errors if inputs prove incorrect—an inherent weakness in any systematic investment approach.

NEW YORK, May 13, 2025 /PRNewswire/ -- Fundstrat Capital announced that the Fundstrat Granny Shots U.S. Large Cap ETF (NYSE: GRNY) has surpassed $1 billion in assets under management (AUM) as of May 12, 2025 marking a significant milestone achieved just six months after its launch on November 7, 2024.

Tom Lee's Fundstrat Granny Shots ETF tops $1B in AUM

"We are grateful to our ETF holders for enabling us to reach this $1 billion milestone so quickly. We have heard from many they really appreciate our weekly video updates on GRNY as this helps them understand what we are doing in our investment portfolio—and it was especially valuable during this year's tariff-turbulent volatile market environment," said Tom Lee, CIO and Lead Portfolio Manager at Fundstrat Capital. "Hitting the $1 billion milestone reinforces what we continue to hear: investors want research-centric strategies in an accessible ETF wrapper, backed by transparent, ongoing communication."

GRNY's rapid growth comes amid heightened demand for actively managed ETFs that offer both transparency and a point of view. The fund's equal-weighted construction and thematic investment strategy are designed to reduce concentration risk and provide exposure to companies positioned to benefit from macro tailwinds.

"Reaching $1 billion in assets is an important milestone, but it's only the beginning," said Ken Xuan, Co-Portfolio Manager of GRNY. "Our focus remains on identifying high-quality opportunities and positioning the fund for sustainable growth, as we continue to leverage both market expertise and innovative strategies to benefit our investors."

"We're incredibly grateful to our platform partners and the many advisors who have embraced GRNY," said Carrie Presley, ETF Product Specialist at Fundstrat Capital. "Their support has been instrumental in helping us reach this milestone—and we're just getting started."

This milestone underscores the broad support from investors for GRNY's distinctive strategy— anchored in Fundstrat's thematic, evidence-based approach to navigating today's dynamic market environment.

For more information on the Fundstrat Granny Shots ETF, visit grannyshots.com or contact inquiry@fundstratcapital.com.

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus. Please read the prospectuses carefully before you invest.

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. Some or all of these risks may adversely affect the Fund's net asset value per share ("NAV"), trading price, yield, total return, and/or ability to meet its investment objective. For more information about the risks of investing in the Fund, see the section in the Fund's Prospectus titled "Additional Information About the Fund-Principal Risks of Investing 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. The Fund relies on third-parties for a range of services, including custody.

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.

Distributed by Foreside Fund Services, LLC. Foreside is not related to Tidal or Fundstrat.

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SOURCE Fundstrat Capital

FAQ

What is the current AUM of Fundstrat's GRNY ETF?

As of May 12, 2025, the Fundstrat Granny Shots ETF (GRNY) has surpassed $1 billion in assets under management.

When was the GRNY ETF launched?

The Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) was launched on November 7, 2024.

Who manages the Fundstrat Granny Shots ETF (GRNY)?

The ETF is managed by Tom Lee as CIO and Lead Portfolio Manager, with Ken Xuan serving as Co-Portfolio Manager at Fundstrat Capital.

What is the investment strategy of GRNY ETF?

GRNY employs an equal-weighted construction and thematic investment strategy, focusing on research-centric approaches while aiming to reduce concentration risk.

What are the main risks of investing in GRNY ETF?

Key risks include equity market risk, models and data risk, operational risk, and new fund risk due to its limited operating history.