Fundstrat’s Granny Shots Small & Mid-Cap ETF Hits $390M AUM Indicates Strategy Shift
The Fundstrat Granny Shots US Small & Mid-Cap ETF (GRNJ) grew to $390 million in assets under management within its first three months since its November 7, 2024 launch. The broader suite's February quarterly rebalance added nine large-cap positions and removed eight, signaling thematic framework shifts relevant to GRNJ.
1. GRNJ Achieves Rapid AUM Growth
Since its November 7, 2024 inception, the Fundstrat Granny Shots US Small & Mid-Cap ETF (GRNJ) amassed approximately $390 million in assets under management within three months, underscoring strong investor appetite for thematic exposure in smaller U.S. equities.
2. Suite Rebalance Highlights Thematic Shifts
The February 2026 quarterly rebalance across the Granny Shots suite introduced nine new large-cap holdings including Amgen and Chevron, while removing eight names such as CrowdStrike and Palo Alto Networks, reflecting a pivot toward quality cyclicals and value-quality stocks.
3. Investment Framework and Implications for GRNJ
Fundstrat applied its seven thematic lenses—Style Tilt, Seasonality, PMI Recovery, Millennials, Global Labor Supply, Energy & Cybersecurity, and Easing Financial Conditions—to select high-conviction names, setting a blueprint for GRNJ’s upcoming portfolio adjustments.