A Gotham boutique's new fund took about half a year to reach 10-figure territory.

Thomas Jong "Tom" Lee Fundstrat Capital, LLC Managing Director, Head of Research

The Fundstrat Granny Shots U.S. Large Cap ETF (GRNY on the NYSE Arca, Inc.) had $1.046 billion in AUM as of yesterday (May 13). Milwaukee-based Tidal Investments LLC [profile] serves as GRNY's investment advisor, while New York City-based Fundstrat Capital, LLC serves as sponsor and subadvisor.

The Tidal team recently highlighted GRNY's move above $1 billion.

The Fundstrat and Tidal teams launched GRNY on November 6, 2024. The ETF still comes with an expense ratio of 75 basis points.

GRNY has had the same, four-person PM team since inception about six months ago. That team includes:

Qiao Duan, portfolio manager at Tidal;

Tom Lee, managing director and head of research at Fundstrat Capital and co-founder of its sister company Fundstrat Global Advisors;

Ben McCaig, PM at Tidal; and

Ken Xuan, PM at Fundstrat Capital and head of data science at Fundstrat Global Advisors.

The Fundstrat Tidal ETF is an actively managed, diversified series of Tidal Trust III. GRNY's other service providers include:

ACA's Foreside Fund Services, LLC as distributor;

Sullivan & Worcester LLP as counsel;

Tait, Weller & Baker LLP as independent accounting firm;

Tidal ETF Services LLC as administrator;

U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant and transfer agent; and

U.S. Bank N.A. as custodian.

 

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