Tom Lee's Next Move: Small-Cap And JEPI-Style Income ETFs Join GRNY

Fundstrat Capital is doubling down on its “Granny Shots” ETF strategy following the success of its first fund, which became one of the fastest-growing products in 2025.

Tom Lee, co-founder and chief investment officer of Fundstrat, is filing to introduce two additional ETFs. Based on an initial SEC prospectus, the offerings are:

Fundstrat Granny Shots U.S. Small- & Mid-Cap ETF – An actively managed fund aiming at long-term capital growth through small- and mid-cap stocks.

Fundstrat Granny Shots U.S. Large Cap & Income ETF – Aimed at producing current income along with capital appreciation, with exposure to large-cap stocks plus an options-writing strategy.

The income ETF is poised to compete in a crowded yet well-liked space dominated by the likes of the JPMorgan Equity Premium Income ETF (NYSE:JEPI).

The Fundstrat Granny Shots U.S. Large Cap ETF (NYSE:GRNY), introduced in November of last year, has already attracted $2.1 billion in net inflows and risen to $2.3 billion in assets due to price appreciation. The actively managed fund, which combines macro calls with quantitative stock screens, has returned 15.4% year-to-date through August 21, easily outperforming the Vanguard S&P 500 ETF‘s (NYSE:VOO) 9.2% return. GRNY is up 14.2% since its inception, compared with VOO’s 7.8%.

“Our first ETF, Granny Shots Large-cap ETF is an astonishing success, gathering $2.3 billion in assets in just 9 months. We have been asked to offer additional ETF products including making our Fundstrat SMID Granny Shots into a tax efficient ETF and also offer a Granny Shots income-oriented product. We listen to our clients and these are very complementary to our flagship Granny Shots ETF,” said Lee.

The filings represent Fundstrat’s effort to establish a more comprehensive product line centered on its “Granny Shots” thematic process, to capture investor demand across market-cap segments and yield-based strategies.

Read Next:

• ETFs Hit 52-Week Highs As Investors Pour Billions Into Emerging Markets

Photo: Shutterstock