Fundstrat's GRNY ETF reaches $2 billion in assets in under 9 months

The Fundstrat Granny Shots U.S. Large Cap ETF (NYSE: GRNY) has surpassed $2 billion in assets under management less than nine months after its November 2024 launch, according to a company statement.

The actively managed ETF has generated a total return of 17.88% since inception and outperformed the S&P 500 by 907 basis points year-to-date as of July 25, 2025, the company said.

GRNY typically holds around 35 stocks from the S&P 500, selecting companies based on what the fund managers identify as key themes over the next 5-10 years. These themes include global labor shortages, cybersecurity, energy security, millennial demographics, and monetary policy cycles.

"We want to make investing in our ETF understandable and transparent. We do this by explaining our investment process of theme-focus and selection and by communicating regularly with our weekly videos," said Thomas Lee, chief investment officer and lead portfolio manager at Fundstrat Capital.

According to Morningstar and FactSet data as of July 25, 2025, GRNY ranks among the fastest-growing actively managed large-cap equity ETFs in U.S. history, excluding ETFs converted from mutual funds or separately managed accounts.

The fund reached the $2 billion milestone on July 25, 2025. Portfolio manager Ken Xuan attributed the performance to the fund's "disciplined, theme-based process" that aligns investments with long-term trends while considering near-term market signals.

The ETF provides investors with weekly strategy updates from Tom Lee, email notifications, and monthly webinars as part of its communication strategy with shareholders.

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