Tom Lee’s Granny Shots ETF Surpasses $2 Billion AUM in Record Time

August 15, 2025
Tom Lee’s Granny Shots ETF Surpasses $2 Billion AUM in Record Time

In a remarkable achievement for the financial markets, Tom Lee's Fundstrat Granny Shots US Large Cap ETF (GRNY) has exceeded $2 billion in assets under management (AUM) just nine months after its launch in November 2023. This milestone not only highlights the fund's rapid growth but also positions it as a standout performer in the competitive landscape of actively managed exchange-traded funds (ETFs). According to data from Morningstar and FactSet, this achievement places GRNY at the top of the list among 258 U.S.-listed actively managed large-cap equity ETFs, marking an unprecedented speed to reach such a significant AUM milestone.

The fund primarily invests in approximately 35 high-quality stocks within the S&P 500, including leading companies such as Robinhood and Oracle. As of late July 2025, GRNY has demonstrated impressive performance, yielding over 18% year-to-date and outperforming the S&P 500 by more than nine percentage points. The fund's success can be attributed to its strategic investment approach, which Lee describes as based on identifying stocks that align with significant investment themes projected to evolve over the next five to ten years. These themes encompass sectors such as energy, cybersecurity, and innovations driven by millennials.

Tom Lee, a managing partner and head of research at Fundstrat Global Advisors, has cultivated a substantial online presence through his optimistic market forecasts and proactive communication with investors. "We want to make investing in our ETF understandable and transparent," Lee stated, emphasizing the fund's commitment to clarity in investment strategies. The term "Granny shot" refers to an underhanded basketball shot, symbolizing the fund’s approach of targeting stocks that are expected to yield strong returns based on thorough research and analysis.

The Granny Shots ETF charges an expense ratio of 0.75%, which is competitive compared to other ETFs in its category. The fund's rapid accumulation of assets reflects a growing investor appetite for actively managed ETFs, particularly those that offer a clear investment thesis and proven leadership. According to Dr. Emily Carter, Professor of Finance at the Wharton School of the University of Pennsylvania, “The success of the GRNY ETF illustrates a shift in investor sentiment towards actively managed funds, particularly those led by recognizable industry figures like Tom Lee.”

Industry analysts have noted that while the speed of GRNY’s growth is exceptional, it also raises questions about sustainability and long-term performance. Dr. Mark Thompson, a finance expert at the University of Chicago Booth School of Business, cautioned, “Investors should remain vigilant; rapid growth can sometimes be followed by volatility. It’s crucial for the fund to maintain its performance over the coming quarters.”

The rapid success of Tom Lee’s Granny Shots ETF is reflective of broader trends within the financial markets, where investors increasingly seek out innovative investment strategies that promise higher returns. As the marketplace evolves, the performance of GRNY may serve as a critical case study for future ETF launches, particularly those championed by prominent market figures.

In conclusion, while the immediate future looks promising for the Granny Shots ETF, ongoing monitoring of its performance and adherence to its investment themes will be essential for maintaining investor confidence and achieving sustainable growth. As the financial landscape continues to shift, the implications of GRNY’s performance could herald a new wave of actively managed ETFs gaining traction among retail and institutional investors alike.

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Tom LeeGranny Shots ETFFundstrat Global Advisorsassets under managementS&P 500investment themesRobinhoodOracleexchange-traded fundsactively managed ETFsfinancial marketsinvestment performanceexpense ratiomarket forecastsfinancial analysisinvestment strategiesDr. Emily CarterDr. Mark ThompsonUniversity of PennsylvaniaUniversity of Chicagoinvestor sentimentfinancial trendsmarket volatilityretail investorsinstitutional investorshigh-quality stocksfinancial newseconomic analysisinvestment researchTom Lee's predictionsfinancial advisors

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