Amazon Represents 2.16% of Fundstrat ETF and 2.51% of Dow ETF
The Fundstrat Granny Shots US Large Cap ETF allocates 2.16% of its assets to Amazon, making it its 28th largest holding, while Amazon represents 2.51% of the SPDR Dow Jones Industrial Average ETF as the 18th largest position. Both ETFs share eight stocks, including Amazon, Apple, Microsoft and Nvidia, highlighting concentrated exposure to mega-cap tech names.
1. Common Holdings Between ETFs
The Fundstrat Granny Shots US Large Cap ETF (GRNY) and the SPDR Dow Jones Industrial Average ETF (DIA) each hold eight overlapping stocks. Amazon is the 28th largest position in GRNY at 2.16% of assets and the 18th largest in DIA at 2.51%, reflecting similar large-cap tech emphasis.
2. Fundstrat ETF’s Thematic Criteria
GRNY selects stocks that meet at least two of its thematic criteria—such as PMI recovery, energy, cybersecurity and millennial targeting—using a rules-based process. Inclusion of Amazon underscores its alignment with themes like easing financial conditions and consumer spending.
3. Dow Jones Industrial Average Weighting
DIA’s price-weighted methodology gives heavier influence to higher-priced Dow components. Amazon’s 2.51% weight in DIA places it behind only the largest price-weighted names, signalling its material but not dominant role in that index.
4. Implications for Amazon Stock
Shared ETF holdings can drive correlated flows: inflows into GRNY or DIA may boost Amazon shares, while redemptions could exert selling pressure. Investors tracking either ETF should monitor fund flows for potential impact on Amazon’s trading dynamics.