1. GRNY ETF Overview
GRNY ETF, officially the Fundstrat Granny Shots U.S. Large Cap ETF, is an actively managed fund focused on large-cap U.S. stocks, aimed at delivering long-term capital growth.
2. Latest Price and Assets Under Management
As of August 29, 2025, GRNY was trading at $23.35 per share, with a net asset value (NAV) of $23.33, reflecting a premium of approximately 0.08%.
Over the past year, its price ranged from $15.00 to $24.13, and assets under management totaled about $2.47 billion.
3. Investment Strategy and Thematic Highlights
GRNY employs a “granny shot” investment approach, using the analogy of a “simple but reliable” stock-picking strategy. It combines top-down thematic analysis with bottom-up quantitative modeling to identify stocks that align with multiple investment themes.
The current short-term themes (6–12 months) include style positioning, seasonality, and PMI recovery. Long-term themes (3–5 years) focus on millennials, global labor supply, cybersecurity and energy security, and accommodative financial conditions.
4. Latest Developments and Market Attention
GRNY has been in operation for less than a year and has already surpassed $2 billion in assets under management, demonstrating impressive growth.
Portfolio manager Tom Lee has recently filed prospectuses for two new ETFs in the Granny series—one targeting mid- and small-cap stocks, and another focused on additional niche markets—highlighting the fund family’s active expansion efforts.
5. Key Points for New Investors
- Low cost: GRNY’s expense ratio is 0.75%, which is competitive for an actively managed ETF.
- New fund risk: As a newly established fund with little performance history, investors should exercise caution.
- Diversified themes: GRNY covers a wide range of short- and long-term trends, providing diversification and opportunities to capture market inflection points.
- High visibility and expansion potential: The fund’s growth prospects and expansion activities merit close monitoring.
