How can I invest in Granny Shots ETF?

You can buy it through any brokerage account by entering the ticker GRNY and placing an order like you would for a stock.

Is GRNY ETF a good investment?

It depends on whether you want an actively managed, theme-driven strategy and whether you believe in Tom Lee’s research process. It carries more risk than a broad index ETF.

Does Fundstrat have an ETF?

Yes. In addition to this ETF, Fundstrat also offers the Fundstrat Granny Shots US Small- & Mid-Cap ETF (NYSEMKT:GRNJ) and the Fundstrat Granny Shots US Large Cap & Income ETF (NYSEMKT:GRNI).

What stocks are in the Fundstrat Granny Shots ETF?

GRNY currently holds 39 stocks. Major names include Broadcom, Alphabet, PNC Financial, GE Vernova, Meta Platforms, Robinhood, Goldman Sachs, Cadence Design, TJX, and Tesla.

How to Buy Fundstrat Granny Shots US Large Cap ETF (GRNY)

How to Invest in Fundstrat Granny Shots US Large Cap ETF (GRNY)

By Tony Dong – Updated Feb 24, 2026 at 5:47 PM EST | Fact-checked by Frank Bass

Key Points

GRNY is a high-conviction active ETF that doesn't track an index, focusing on thematic stock selection.
Its concentrated portfolio mainly includes large-cap growth stocks, aimed at outperforming market benchmarks.
The 0.75% expense ratio is high compared to index ETFs, potentially affecting long-term performance.

The Fundstrat Granny Shots US Large Cap ETF (NYSEMKT:GRNY) is Tom Lee’s flagship exchange-traded fund (ETF), built around the market strategy that has defined much of his Wall Street career.

Lee, a longtime strategist known for calling major macro turning points, built a following based on his data-driven, cross-disciplinary approach to identifying leadership themes in the market.

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This is one of many ETFs today that let investors piggyback on the stock-picking skill of notable Wall Street personalities.

But that naturally raises the question: Does this make Tom Lee's ETF better than a simple S&P 500 or Nasdaq-100 index ETF? Here's what you need to know before investing in this ETF as a beginner.

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Exchange-Traded Fund (ETF)

An exchange-traded fund, or ETF, allows investors to buy many stocks or bonds at once.

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What is Fundstrat Granny Shots US Large Cap ETF (GRNY)?

GRNY is an actively managed ETF, which means it doesn’t track an index. Instead, every stock in the portfolio is hand-selected by Tom Lee and the Fundstrat research team based on their expectation of outperformance.

The name “granny shot” comes from a basketball metaphor. Just as Rick Barry’s underhand free throw was unconventional but highly effective, Fundstrat aims to build simple, repeatable strategies that improve long-term returns.

This ETF divides its ideas into long-term themes and short-term themes. Short-term themes span six to 12 months and include factors such as:

Style tilts: favoring growth, value, momentum, or quality depending on the cycle.
Seasonality: recurring patterns in market leadership.
PMI recovery: overweighting sectors that historically outperform when economic data turns upward.

Long-term themes run on three- to five-year horizons and include areas like energy, cybersecurity, millennial consumer spending, improving global labor supplies, and easing financial conditions.

Within each theme, Fundstrat performs bottom-up stock selection to build a concentrated portfolio that it believes carries the highest probability of outperforming broad market benchmarks.

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NYSEMKT: GRNY

Tidal Trust III - Fundstrat Granny Shots Us Large Cap ETF

Today's Change

(1.30%) $0.37

Current Price

$28.88

Key Data Points

AUM

$4.6B

Dividend Yield

0.12%

Expense Ratio

0.75%

Top Holdings

MSTR

3.36%

INTC

3.26%

AMD

3.13%

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How to buy Fundstrat Granny Shots US Large Cap ETF (GRNY)

Open your brokerage account: Log in to your brokerage account where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
Search for the ETF: Enter the ticker "GRNY" into the search bar to bring up the ETF's trading page.
Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this ETF.
Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
Submit your order: Confirm the details and submit your buy order.
Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.

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Holdings of Fundstrat Granny Shots US Large Cap ETF (GRNY)

This is a concentrated ETF with just 39 holdings. The 10 largest positions and their portfolio weights are:

Broadcom (AVGO +4.42%) -- 2.93%
Alphabet Class A (GOOGL +0.51%) -- 2.85%
PNC Financial Services Group (PNC +0.28%) -- 2.79%
GE Vernova (GEV +5.30%) -- 2.78%
Meta Platforms (META -0.01%) -- 2.76%
Robinhood (HOOD +0.10%) -- 2.69%
Goldman Sachs (GS +0.88%) -- 2.69%
Cadence Design Systems (CDNS +2.23%) -- 2.69%
The TJX Companies (TJX +1.65%) -- 2.68%
Tesla (TSLA +0.34%) -- 2.66%

Geographically, this ETF is overwhelmingly U.S.-focused at 93% of holdings. Sector exposure is tilted heavily toward technology at 31%, followed by financials at about 18.5%, and industrials at 15.4%.

The emphasis is clearly on large-cap growth stocks, with the expectation that these names will lead during periods of improving market conditions.

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Should you invest in Fundstrat Granny Shots US Large Cap ETF (GRNY)?

Before investing in this ETF, ask yourself whether you believe in Tom Lee’s stock-picking process.

While Fundstrat does outline the broad rationale behind each theme, the specific decisions that determine portfolio construction remain something of a black box compared to transparent, rules-based index ETFs.

You also need to be comfortable with:

Concentration risk (only 39 holdings).
A clear large-cap growth bias.
A heavy U.S. allocation.

If you want broad diversification and predictability, an S&P 500 ETF will be simpler and remains one of the best types of ETFs to buy. But if you want a high-conviction, theme-driven strategy managed by a well-known Wall Street research team, this ETF may fit your portfolio.

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Does Fundstrat Granny Shots US Large Cap ETF (GRNY) pay a dividend?

No. Although some of its holdings pay dividends, many are growth-focused companies that do not. The ETF’s 0.75% expense ratio typically offsets the small amount of income generated.

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Expense Ratio

A percentage of mutual fund or ETF assets deducted annually to cover management, operational, and administrative costs.

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What is Fundstrat Granny Shots US Large Cap ETF (GRNY)’s expense ratio?

An expense ratio is the annual fee charged by the ETF to cover management and operational costs. This ETF's expense ratio is 0.75%, meaning an investor pays $75 per $10,000 invested each year.

This is high relative to index ETFs but typical for actively managed, theme-driven strategies. It is also a major hurdle to long-term ETF outperformance, since fees compound against investors over time.

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Fundstrat Granny Shots US Large Cap ETF (GRNY) Historical Performance

GRNY Annualized Total Returns (Oct. 31, 2025)
	One Month	Three Months	Six Months	Year to Date
Market Price	4.00%	10.69%	36.57%	30.21%
Net Asset Value	3.90%	10.70%	36.28%	30.12%
S&P 500	2.34%	8.23%	23.60%	17.52%

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The bottom line

This ETF will likely perform well during strong bull markets, especially those led by large-cap growth stocks. But investors should also expect high downside risk during bear markets due to its concentrated, unhedged, long-only approach. This is a conviction-based ETF, not a defensive one.

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Investing in Fundstrat Granny Shots US Large Cap ETF (GRNY) FAQ

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Tony Dong has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Cadence Design Systems, GE Vernova, Goldman Sachs Group, Meta Platforms, TJX Companies, and Tesla. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.

How to Invest in Fundstrat Granny Shots US Large Cap ETF (GRNY)