Fundstrat Rebalances Granny Shots Income ETF, Adds Amgen, Chevron and Union Pacific
Fundstrat amended its Granny Shots Large Cap & Income ETF (GRNI) by completing a Feb. 2026 rebalance that added nine names—Amgen, Chevron and Union Pacific—and removed eight equities including CrowdStrike and Lam Research. Post-rebalance, sector exposure stands at 25% Information Technology, 20% Industrials and 15% Financials, while GRNI maintains the updated equity portfolio paired with an actively managed options overlay targeting monthly income distributions.
1. February 2026 Rebalance
Fundstrat completed its quarterly rebalance for the Granny Shots US Large Cap & Income ETF (GRNI), adding nine new holdings—Amgen, Air Products & Chemicals, Chevron, Northrop Grumman, ONEOK, Packaging Corp of America, PPG Industries, Texas Pacific Land and Union Pacific—and removing eight names including Axon Enterprise, CrowdStrike, Emerson Electric, Expedia, Lam Research, Palo Alto Networks, SoFi Technologies and S&P Global.
2. Sector Allocation Summary
Following the rebalance, GRNI’s sector weights shift to 25% Information Technology, 20% Industrials, 15% Financials, 8% Energy, 7% Communications Services and 7% Materials, reflecting a tilt toward quality cyclicals and value opportunities based on Fundstrat’s thematic framework.
3. Income Overlay Strategy
GRNI holds the same core equity positions as the flagship Granny Shots US Large Cap ETF while employing an actively managed options overlay designed to generate a monthly distribution, enabling investors to access thematic equity exposure with an added income component.
4. ETF Growth and AUM
Since its November 2024 inception, the Granny Shots suite has amassed over $4.6 billion in assets under management, including more than $4.1 billion in the Pure Large Cap ETF and roughly $390 million in the Small & Mid-Cap ETF, underscoring strong investor demand for the thematic, research-driven strategy.