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 - European financial stocks have significantly outperformed U.S. financial stocks in 2023, marking a reversal from previous years where U.S. markets led [2] Group 1: Performance Comparison - The iShares MSCI Europe Financials ETF (EUFN) has increased by 46% year-to-date as of Thursday midday trading [2]