Fundstrat Capital

Fundstrat Capital is a New York-based asset manager and SEC-registered investment adviser founded in 2024 by Tom Lee. The firm develops actively managed investment strategies using macroeconomic, thematic and quantitative research. It serves as investment sub-adviser to the Fundstrat Granny Shots exchange-traded funds. ^{[1] [2] [3] [10]}

Fundstrat Global Advisors

Fundstrat Capital is affiliated with Fundstrat Global Advisors, a financial-research firm co-founded by Tom Lee in 2014. Fundstrat Global Advisors produces macroeconomic, technical, quantitative, policy and digital-asset research. ^{[4] [5]}

The two firms are separate entities but share research capabilities and personnel. Lee serves as Chief Investment Officer of Fundstrat Capital and Head of Research at Fundstrat Global Advisors. Ken Xuan is a portfolio manager at Fundstrat Capital and Head of Data Science at Fundstrat Global Advisors. ^[4]

Leadership

Tom Lee

​Tom Lee is the founder, Chief Investment Officer and a portfolio manager at Fundstrat Capital. He is also a co-founder and Head of Research at Fundstrat Global Advisors. Lee serves as the lead portfolio manager of the Fundstrat Granny Shots US Large Cap ETF. ^{[4] [10]}

Ken Xuan

Ken Xuan is a portfolio manager at Fundstrat Capital and Head of Data Science at Fundstrat Global Advisors. His work includes maintaining quantitative models used for portfolio construction and stock selection. ^{[4] [10]}

Carrie Presley

Carrie Presley is Head of Distribution at Fundstrat Capital. She leads the firm’s distribution strategy across partnerships, national accounts and financial-adviser relationships. ^[4]

Exchange-Traded Dunds

Fundstrat Capital’s Granny Shots product line consists of three actively managed ETFs listed on NYSE Arca. ^{[6] [7] [8] [9]}

GRNY

The Fundstrat Granny Shots US Large Cap ETF, trading under the ticker GRNY, seeks long-term capital appreciation through investments in large-cap United States equities. It launched on November 7, 2024. The fund reported approximately $4.309 billion in total assets as of July 24, 2026. ^[7]

GRNJ

The Fundstrat Granny Shots US Small

• & Mid-Cap ETF, trading under the ticker GRNJ, applies the Granny Shots stock-selection process to small
• and mid-cap United States equities. It launched on November 18, 2025, and reported approximately $505 million in total assets as of July 24, 2026. ^[8]

GRNI

The Fundstrat Granny Shots US Large Cap & Income ETF, trading under the ticker GRNI, combines large-cap equities with an actively managed options overlay. Its primary objective is current income, with long-term capital appreciation as a secondary objective. It launched on November 18, 2025, and reported approximately $55 million in total assets as of July 24, 2026. ^[9]

Investment Approach

The Granny Shots investment process begins by identifying economic and market themes through top-down research. Securities are then evaluated using quantitative factors such as valuation, free cash flow, leverage, momentum and sentiment. In the large-cap strategy, a company generally must align with at least two identified themes to qualify for portfolio inclusion. ^{[7] [10]}

GRNY applies the process to large-cap equities, while GRNJ applies it to small

• and mid-cap companies. GRNI combines the large-cap equity strategy with options techniques including covered calls and cash-secured puts to pursue income.^{[6] [8] [9]}