Tom Lee's Fundstrat Capital Completes August 2026 Rebalance For All Granny Shots ETFs

Fundstrat Capital completed the August 2026 quarterly rebalance for the Granny Shots ETF suite: GRNY, GRNI, and GRNJ, with $5.1 billion in combined assets under management as of August 27, 2026.

Flagship GRNY and small- and mid-cap GRNJ each rank among the fastest-growing actively managed equity ETF launches in U.S. history.^1,2

NEW YORK, Sept. 2, 2026 /PRNewswire/ -- Fundstrat Capital, the New York-based investment management firm led by Chief Investment Officer Thomas "Tom" Lee, has completed the August 2026 quarterly rebalance for the Granny Shots ETF suite, including:

• Fundstrat Granny Shots US Large Cap ETF (NYSE Arca: GRNY)
• Fundstrat Granny Shots US Small- & Mid-Cap ETF (NYSE Arca: GRNJ)
• Fundstrat Granny Shots US Large Cap & Income ETF (NYSE Arca: GRNI)

The large-cap portfolio added 6 names and removed 7; the small- and mid-cap portfolio added 8 and removed 7.

"This recent rebalance in Granny Shots reflects a shifts toward 'quality growth' and 'quality cyclicals' consistent with the rate regime and our tactical and seasonal analysis.  We continue to identify the the strongest stocks tied to key supercycles but also falling within these broader parameters," said Thomas "Tom" Lee, Chief Investment Officer of Fundstrat Capital. "This quarter, that process led to 6 additions and 7 deletions in large-cap and 8 additions and 7 deletions in small- and mid-cap. Our evidence-based research remains constructive on equities, and our positioning increasingly favors the downstream beneficiaries of AI."

Tom Lee discusses the August 2026 rebalance in detail in his latest Fundstrat Capital video update, linked here.

August 2026 Rebalance Summary

Large-Cap Portfolio: GRNY, GRNI, and GRNY UCITS

• Additions: FCX (Freeport-McMoRan Inc.); INTC (Intel Corporation); LMT (Lockheed Martin Corporation); MU (Micron Technology, Inc.); SPCX (Space Exploration Technologies Corp.); VRT (Vertiv Holdings Co.)
• Deletions: APD (Air Products and Chemicals, Inc.); AVGO (Broadcom Inc.); AXP (American Express Company); META (Meta Platforms, Inc.); NOC (Northrop Grumman Corporation); PNC (The PNC Financial Services Group, Inc.); TPL (Texas Pacific Land Corporation)
  
  Holdings are subject to change.

Small- & Mid-Cap Portfolio: GRNJ

• Additions: ALNT (Allient Inc.); AMKR (Amkor Technology, Inc.); CFR (Cullen/Frost Bankers, Inc.); FORM (FormFactor, Inc.); MKSI (MKS Inc.); NVT (nVent Electric plc); PGEN (Precigen, Inc.); VICR (Vicor Corporation)
• Deletions: DPZ (Domino's Pizza, Inc.); ELF (e.l.f. Beauty, Inc.); NBIX (Neurocrine Biosciences, Inc.); ON (ON Semiconductor Corporation); UTHR (United Therapeutics Corporation); UUUU (Energy Fuels Inc.); WFRD (Weatherford International plc)
  
  Holdings are subject to change.

Investor Demand Across the Granny Shots Suite

Since its November 7, 2024 inception, GRNY has grown to $4.52 billion in assets as of August 27, 2026, crossing $4 billion in roughly 14 months, among the fastest asset-gathering launches for an actively managed large-cap equity ETF in U.S. history.¹

GRNJ, which applies the same framework to small- and mid-cap U.S. equities, held $528 million as of August 27, 2026, after crossing $500 million in under nine months from its November 18, 2025 inception, among the fastest asset-gathering launches for an actively managed small- and mid-cap equity ETF in U.S. history.²

The Granny Shots ETF suite gives investors a research-driven toolkit spanning market capitalizations and income preferences. The GRNY strategy is also available to non-U.S. investors in UCITS form through HANetf. To learn more, visit grannyshots.com.

The Seven Granny Shots Themes

The Granny Shots strategy combines Fundstrat's top-down macroeconomic research with bottom-up quantitative screening. To qualify for a portfolio, a security must appear in at least two of Fundstrat's seven fundamental investment themes, a dual-signal methodology that targets positions supported by multiple potential tailwinds. Portfolios are equally weighted and rebalanced quarterly.

Shorter-term themes: Style Tilt, Seasonality, PMI Recovery

Longer-term themes: Millennials, Global Labor Supply, Energy & Cybersecurity, Easing Financial Conditions

The Granny Shots ETF Suite

Fundstrat Granny Shots US Large Cap ETF (NYSE Arca: GRNY). Flagship thematic large-cap U.S. equity strategy. AUM: $4.52 billion as of August 27, 2026.

Fundstrat Granny Shots US Large Cap & Income ETF (NYSE Arca: GRNI). Holds the same core equity positions as GRNY and adds an actively managed options overlay designed to generate monthly income distributions. AUM: $58 million as of August 27, 2026.

Fundstrat Granny Shots US Small- & Mid-Cap ETF (NYSE Arca: GRNJ). Applies the Granny Shots framework to small- and mid-cap U.S. equities. AUM: $528 million as of August 27, 2026.

Frequently Asked Questions

What is the Granny Shots ETF suite?
Three actively managed exchange-traded funds that use Fundstrat Capital's proprietary thematic investment framework: GRNY for large-cap U.S. equities, GRNI for the same large-cap positions with a monthly income overlay, and GRNJ for small- and mid-cap U.S. equities.

Who manages the Granny Shots ETFs?
Tidal Investments LLC serves as investment adviser to the funds, while Fundstrat Capital, LLC serves as investment sub-adviser. The funds are distributed by Foreside Fund Services, LLC.

How does the Granny Shots strategy select stocks?
A security must appear in at least two of Fundstrat's seven investment themes to qualify for a portfolio. This dual-signal methodology combines top-down macro research with bottom-up quantitative screening. Portfolios are equally weighted and rebalanced quarterly.

What are the seven Granny Shots themes?
Style Tilt, Seasonality, PMI Recovery, Millennials, Global Labor Supply, Energy & Cybersecurity, and Easing Financial Conditions.

How often do the funds rebalance?
Quarterly. The most recent rebalance is the August 2026 rebalance announced in this release; the prior rebalance was May 2026.

Does Tom Lee provide updates on the funds?
Yes. Tom Lee publishes regular video updates, including a walkthrough of each quarterly rebalance. Investors can sign up for future updates at grannyshots.com/sign-up.

Is the GRNY strategy available outside the United States?
Yes. The GRNY strategy is available to non-U.S. investors in UCITS form through HANetf. The UCITS fund is not registered for sale in the United States and is not offered to U.S. persons.

What is the total AUM of Fundstrat Capital?
As of August 27, 2026, Fundstrat Capital managed $5.1 billion across the Granny Shots ETF suite. GRNY accounted for $4.52 billion of that total. GRNJ held $528 million. GRNI held $58 million.

What is the difference between GRNY and GRNI?
GRNY provides pure thematic large-cap equity exposure. GRNI holds the same equity positions as GRNY and adds an actively managed options overlay designed to generate monthly income; it has paid a distribution every month since December 2025. Full distribution details are available at grannyshots.com/grni-distributions.

About Fundstrat Capital

Fundstrat Capital is a New York based investment management firm (registered investment adviser) led by Chief Investment Officer Thomas "Tom" Lee, specializing in thematic, research-driven equity strategies. The firm applies in-depth macroeconomic, industry, and market trend analysis to develop actively managed investment solutions for a broad range of investors. Tom Lee is widely recognized for his market research, macro commentary, and pioneering work in thematic investing across equities and digital assets. Fundstrat Capital is the asset management affiliate of Fundstrat Global Advisors, the institutional research firm Lee co-founded. Fundstrat Capital, LLC is investment sub-adviser to the Granny Shots ETF suite. Tidal Investments LLC is investment adviser. The funds are series of Tidal Trust III and are distributed by Foreside Fund Services, LLC.

Chief Investment Officer: Thomas "Tom" Lee
ETF Suite: GRNY, GRNI, GRNJ (NYSE Arca)
Total AUM: $5.11 billion as of August 27, 2026
Distributor: Foreside Fund Services, LLC

To learn more, visit fundstratcapital.com.
GRNY holdings and performance: grannyshots.com/grny
GRNJ holdings and performance: grannyshots.com/grnj
GRNI holdings and performance: grannyshots.com/grni
Tom Lee's August 2026 rebalance video: youtube.com/watch?v=v-MNUzWmmok
Weekly video updates: grannyshots.com/media/weekly-updates
Sign up for email updates: grannyshots.com/sign-up
GRNY UCITS information: hanetf.com

Media Inquiries

Carrie Presley, Head of Distribution, Fundstrat Capital
[email protected]
(212) 293-7132

Disclosures

BEFORE INVESTING, YOU SHOULD CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES. THIS AND OTHER INFORMATION IS CONTAINED IN THE PROSPECTUS, WHICH CAN BE ACCESSED AT GRANNYSHOTS.COM/FUND-DOCUMENTS/ OR BY CALLING (212) 293-7132. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.

Investing involves risk. Principal loss is possible. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. For the most recent month-end performance, visit grannyshots.com/performance/.

The principal risks of investing in the Funds are summarized below. As with any investment, there is a risk that you could lose all or a portion of your investment. Some or all of these risks may adversely affect a Fund's net asset value per share ("NAV"), trading price, yield, total return, and/or ability to meet its investment objective. For more information, see the section in the relevant Fund's Prospectus titled "Additional Information About the Fund, Principal Risks of Investing in the Fund."

Distribution Risk. GRNI intends to distribute income on a monthly basis. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

NAV Decline Risk Due to Distributions. When the Fund makes a distribution, the Fund's NAV will typically drop by the amount of the distribution on the related ex-dividend date. The repeated payment of distributions by the Fund, if any, may result in a decline in the Fund's NAV and trading price over time. As a result, an investor may suffer losses to their investment.

Equity Market Risk. Common stocks are generally exposed to greater risk than other types of securities, such as preferred stock and debt obligations, because common stockholders generally have inferior rights to receive payment from specific issuers.

Large-Capitalization Investing. The securities of large-capitalization companies may be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. Large-capitalization companies may also be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes.

Small- and Mid-Capitalization Companies Risk. The securities of small- and mid-capitalization companies may be more volatile and less liquid than the securities of large-capitalization companies. Small- and mid-capitalization companies may have limited product lines, markets, or financial resources, may depend on a smaller management team, and may be more vulnerable to adverse general market or economic developments than larger, more established companies.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. A Fund's investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund's other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Models and Data Risk. The composition of a Fund's portfolio is heavily dependent on investment models developed by the Sub-Adviser as well as information and data supplied by third parties ("Models and Data"). When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon may lead to the inclusion or exclusion of securities from the Fund's portfolio that would have been excluded or included had the Models and Data been correct and complete.

Operational Risk. The Funds are subject to risks arising from various operational factors, including, but not limited to, human error, processing and communication errors of service providers, counterparties or other third parties, failed or inadequate processes and technology or systems failures. The Funds rely on third parties for a range of services, including custody.

New Fund Risk. Certain Funds are recently organized management investment companies with limited operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

UCITS ETF. References to the UCITS version of the GRNY strategy are provided for information only. The UCITS fund is a separate legal vehicle, is not registered under the United States Securities Act of 1933 or the Investment Company Act of 1940, and is not offered or available to U.S. persons. Nothing in this release constitutes an offer to sell or a solicitation of an offer to buy the UCITS fund in the United States.

Past performance is not a reliable indicator of future performance. Prior asset growth is not indicative of future results.

Distributed by Foreside Fund Services, LLC. Foreside is not related to Tidal or Fundstrat.

SOURCE Fundstrat Capital