Core Viewpoint - The Fundstrat Granny Shots US Large Cap ETF (GRNY) is highlighted for its unique characteristics, including active management, a transparent methodology, and an equal-weighted structure, distinguishing it from typical large-cap growth funds [1] Group 1: Fund Characteristics - GRNY is actively managed, which allows for a more dynamic investment approach compared to passive funds [1] - The ETF employs a novel and transparent methodology, enhancing investor understanding and trust [1] - It is structured as an equal-weighted fund, which can mitigate concentration risk associated with larger-cap stocks [1] Group 2: Investment Strategy - The investment approach is long-term, focusing on macro ideas through low-risk ETFs and closed-end funds (CEFs) [1] - The manager has nearly ten years of experience trading stocks and currencies, indicating a seasoned perspective in investment decisions [1] - The fund is part of a broader investment strategy that includes real estate investments, showcasing diversification [1]

Quick Read GRNY returned 26% in the past year with over 10 percentage points of outperformance versus the S&P 500. GRNI generates a 10% monthly distribution rate through covered calls and cash-secured puts. The small and mid-cap focused GRNJ gained nearly 8% year to date. Investors rethink ‘hands off’ investing and decide to start making real money Star strategist Tom Lee from Fundstrat landed a slam dunk with his Fundstrat Granny Shots US Large Cap ETF (NYSEARCA:GRNY) just over a year ago. In th ...

Core Viewpoint - Warren Buffett will step down as CEO of Berkshire Hathaway at the end of 2025, leaving a portfolio for successor Greg Abel that includes stocks shared with the Fundstrat Granny Shots US Large Cap ETF [1] Group 1: Berkshire Hathaway Portfolio - Berkshire Hathaway's investment portfolio includes four stocks in common with the Fundstrat Granny Shots ETF: Alphabet Inc, American Express Co, Amazon.com Inc, and Apple Inc [2][3][4][5] - Alphabet Inc is the fourth largest position in the GRNY ETF at 2.91% of assets and represents around 1.9% of Berkshire's portfolio with 17,896,142 shares [2] - American Express Co is the second largest holding in Berkshire's portfolio at 17.8%, valued at $55.9 billion, while it is the 22nd largest in GRNY at 2.42% [3] - Amazon.com Inc represents around 0.7% of Berkshire's portfolio, valued at approximately $2.3 billion, and is the 26th largest holding in GRNY at 2.38% [4] - Apple Inc is the largest holding in Berkshire's portfolio, valued at $59.5 billion, representing around 19% of the portfolio, while it is the 32nd largest in GRNY at 2.27% [5] Group 2: Fundstrat Granny Shots ETF - The Granny Shots ETF employs a rules-based process to select stocks based on key themes, including PMI recovery, energy stocks, and targeting millennials [6] - The ETF has reached $4 billion in assets under management, gaining 2.7% year-to-date and 20.8% over the past 52 weeks [7] Group 3: Future Outlook for Berkshire Hathaway - Under Greg Abel's leadership, Berkshire may see changes in its investment strategy, including a potential sale of a large stake in Kraft Heinz [8] - Berkshire has been increasing its technology investments, possibly influenced by suggestions from leaders outside of Buffett [8] - A fourth-quarter 13F filing will provide insights into the portfolio's moves under Buffett, while the first quarter moves under Abel will be revealed in May [9]

Core Viewpoint - Fundstrat Capital has announced the monthly distribution details for its newly launched Fundstrat Granny Shots US Large Cap & Income ETF (NYSE: GRNI), which aims to combine equity holdings with an actively managed options overlay to generate income while maintaining long-term growth exposure [1][2]. Distribution Details - The distribution declaration date is December 19, 2025, with an amount of $0.16892 per share, paid monthly [2]. - The ex-dividend and record date is December 22, 2025, and the payment date is December 23, 2025 [2]. Granny Shots Strategy - The Granny Shots strategy is a thematic and research-driven approach to equity selection, utilizing both top-down macroeconomic assessments and bottom-up quantitative screening [3]. - It incorporates longer-term themes such as millennials, global labor supply, energy, cybersecurity, and easing financial conditions, alongside shorter-term themes like style tilt, seasonality, and PMI recovery [4]. About Fundstrat Capital - Fundstrat Capital is an investment management firm led by Chief Investment Officer Thomas "Tom" Lee, focusing on thematic, research-driven equity strategies [5]. - The firm employs in-depth analysis of macroeconomic, industry, and market trends to create actively managed investment solutions for a diverse range of investors [5].

Core Viewpoint - bLong Financial significantly reduced its holdings in the iShares MSCI Europe Financials ETF (EUFN) during Q3 2025, selling over $5 million worth of shares while increasing its investment in the Fundstrat Granny Shots US Large Cap ETF (GRNY) by over $8 million [1][2][7]. Group 1: bLong Financial's Holdings - bLong Financial sold 201,138 shares of EUFN, resulting in a decrease in the value of its position from $15.34 million in Q2 to $9.75 million in Q3, representing a decline of $5.6 million [2][7]. - The percentage of EUFN in bLong's assets under management (AUM) fell from 11.8% in Q2 to 6.8% in Q3 [2][3]. - After the sale, EUFN remains bLong's third-largest holding, despite the significant quarter-on-quarter reduction of 36% in its position [7]. Group 2: Performance of EUFN - As of December 1, 2025, EUFN shares were priced at $34.83, reflecting a year-over-year increase of 45.9% [3]. - The ETF outperformed the S&P 500 by 33.2 percentage points over the past year [3]. - EUFN has a net asset value of $4.26 billion and a trailing yield of 3.8% [3]. Group 3: Investment Strategy and Market Context - The iShares MSCI Europe Financials ETF provides targeted access to European financial markets through a diversified portfolio of large- and mid-sized financial companies [4][6]. - bLong Financial's recent actions indicate a potential shift in focus from European investments back to U.S. equities, as evidenced by the re-opening of its position in GRNY [8][9].

Core Insights - Fundstrat Capital's Granny Shots US Large Cap ETF (NYSE: GRNY) has achieved significant growth and performance in its first year, surpassing $3.65 billion in assets under management (AUM) and ranking in the top 1% of Morningstar's Large Cap Blend funds based on year-to-date performance [2][5]. Performance Highlights - Since its launch on November 7, 2024, GRNY has outperformed the S&P 500 by 1,260 basis points, with a year-to-date increase of 30.12% compared to the S&P 500's 17.52% [3]. - The ETF has maintained robust liquidity, with an average daily volume of 3.7 million shares and $570 million in net inflows during October 2025, marking its second-largest month for inflows [4]. Strategy and Approach - The Granny Shots strategy is based on an evidence-based research framework that focuses on capital appreciation through a disciplined, research-driven approach [4][7]. - The fund typically holds 30–50 large-cap equities, investing in companies aligned with key macroeconomic and thematic trends [7][8]. Investor Engagement - Fundstrat's Chief Investment Officer, Tom Lee, has provided over 48 investor update videos in the past year, enhancing transparency and engagement with investors [2]. - The ETF has gained traction among retail and institutional investors, reflecting a growing interest in the Granny Shots strategy [4][5].