Tom Lee's Fundstrat Granny Shots ETF Surpasses $3 Billion AUM, One of the Fastest-Growing Equity ETFs, Up 26.54% and Outperforming the S&P 500 by 1,124 Basis Points Year-to-Date

Rhea-AI Summary

Fundstrat Capital (NYSE: GRNY) announced that its Granny Shots U.S. Large-Cap ETF surpassed $3.0 billion AUM on Oct. 2, 2025, less than a year after its Nov. 7, 2024 launch, the PR states. As of market close Oct. 2, 2025 the PR states GRNY was up 26.54% year-to-date versus a 15.30% gain for the S&P 500 Total Return Index (an outperformance of 1,124 bps), and since inception GRNY is +26.29% versus 14.65% for the benchmark (outperforming by 1,163 bps). The PR describes GRNY as an actively managed, ~35-name thematic large-cap ETF run by Fundstrat's team and cites Morningstar/FactSet data for the growth ranking.

Positive

• AUM $3.0B milestone reached on Oct. 2, 2025
• YTD performance +26.54% through Oct. 2, 2025
• Outperformance vs S&P 500 of 1,124 bps YTD
• Since-inception return +26.29% vs benchmark

Negative

• New fund risk: launched Nov. 7, 2024, limited track record
• Concentrated portfolio: typically ~35 names increases idiosyncratic risk
• Models and data dependency noted as a principal risk

Insights

Market Strategist

GRNY reached $3 billion AUM quickly and has materially outperformed the S&P 500 year-to-date.

The article states GRNY surpassed $3 billion in AUM on Oct. 2, 2025, less than a year after its Nov. 7, 2024 inception, and shows a YTD return of 26.54% vs. the S&P 500 Total Return of 15.30% (an outperformance of 1,124 basis points).

What it means: rapid asset accumulation plus clear outperformance signals strong market demand and effective positioning versus the benchmark during the stated period. Why it matters: large inflows can improve liquidity and reduce expense ratios over time, while the stated outperformance provides a measurable performance case for the fund's thematic approach.

Monitorable item: verify monthly performance updates and AUM on the Fund's posted pages for changes from the Oct. 2, 2025 snapshot.

ETF Product Specialist

New actively managed ETF shows fast growth and concentrated, thematic stock selection.

The press release describes GRNY as an actively managed U.S. large-cap ETF holding roughly ~35 names, selecting stocks tied to multiple themes and anchored to at least two themes per holding.

What it means: the fund's concentrated, multi-thematic construction explains both higher tracking dispersion versus the S&P and the potential for concentrated performance episodes; the prospectus language highlights standard operational and model/data risks and that this is a new fund with limited operating history.

Why it matters: concentration and reliance on models increase both upside and downside volatility relative to a broad index; the stated AUM scale now supports institutional operations but does not remove the new-fund risks disclosed in the prospectus.

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. Since its inception on Nov. 7, 2024, the Fund has gained 26.29% versus 14.65% for the benchmark, outperforming by 1,163 basis points.²

"We have received an overwhelmingly positive response to our Granny Shots ETF, reflecting both the solid performance of the Fund and the understandable thematic-focused rationale, and the continuous communication our team provides via our videos and newsletters," said Thomas "Tom" Lee, Chief Investment Officer & Lead Portfolio Manager at Fundstrat Capital.  "The success of this ETF is a team effort." 

It's a particularly gratifying moment for Fundstrat Capital Portfolio Manager Ken Xuan, who said, "The speed with which GRNY has accumulated assets is just another validation for us that investors care about a multi-thematic investment approach."

John Bai, Co-founder and Managing Partner at Fundstrat, summed up the firm's reaction: "It's thrilling to see the success of GRNY, especially as we celebrate Fundstrat's 11-year anniversary. We always want to provide clients with a product that reflects our core beliefs, and Granny Shots embodies that mission. We're grateful that investors are engaging with our research and our approach to navigating this market environment."

GRNY ("Granny Shots") seeks to own the highest-quality stocks in the S&P 500—typically around 35 names—by identifying the most important thematic arcs over the next 5-10 years and then buys the strongest and highest quality stocks anchored to at least 2 of those themes. These multiple key themes include global labor shortage, cyber and energy security, millennials, monetary policy cycles and are anchored by Fundstrat's research-driven framework.

¹ Morningstar and FactSet data as of Oct. 2, 2025. Excluding ETFs converted from mutual funds or separately managed accounts, the comparison includes U.S.-listed, actively managed large-cap equity ETFs launched since November 18,1991.

² The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, visit the Fund's website at grannyshots.com/performance/.

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. This and other important information is contained in the prospectus, which may be obtained by following this link grannyshots.com/fund-documents/ or by calling +1 212-293-7132. 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. 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.

For media inquiries, contact inquiry@fundstratcapital.com.

Follow Fundstrat Capital on socials:
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LinkedIn: https://www.linkedin.com/company/fundstrat-capital
YouTube: https://www.youtube.com/@FundstratCapital

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SOURCE Fundstrat Capital

FAQ

When did GRNY reach $3 billion AUM and who reported it?

The PR states GRNY surpassed $3.0 billion AUM on Oct. 2, 2025, according to Fundstrat Capital.

What is GRNY's year-to-date performance as of Oct. 2, 2025?

According to the PR, GRNY was up 26.54% YTD as of market close on Oct. 2, 2025.

How much has GRNY outperformed the S&P 500 YTD (symbol GRNY)?

The PR states GRNY outperformed the S&P 500 Total Return Index by 1,124 basis points YTD through Oct. 2, 2025.

What since-inception returns does the PR report for GRNY (Nov. 7, 2024)?

The PR states GRNY is +26.29% since inception (Nov. 7, 2024) versus 14.65% for the benchmark.

How is GRNY constructed and how many holdings does it typically have?

The PR states GRNY targets the highest-quality S&P 500 stocks, typically about 35 names, anchored to multiple themes.

What investor risks does the GRNY prospectus highlight?

The PR and prospectus note risks including equity market risk, models and data dependency, operational risk, and new fund risk.