Tom Lee's Fundstrat Granny Shots ETF $GRNY Weekly Update - December 1, 2024

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Granny Shots ETF(GRNY) 주간 업데이트. 총운용자산 4.7억 달러, 연 보수 0.75%. 지난주 GRNY +3.36% vs S&P500 +1.08%로 71bp 하회했으나 설립 이후 +3.54% vs S&P +1.86%로 우위. 하락 원인은 투자심리 약세에 따른 방어주 강세. 최근 리밸런싱에서 성장·경기민감주를 선호하며 향후 3개월(1월 초까지) 성장 쪽 비중 확대 입장. 상위 기여 종목은 아마존, CBRE, 애플, 메타, 알파벳, 하위는 크라우드스트라이크.

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01. hello this is Tom Lee I'm the chief investment officer of fund strp capital and the portfolio manager for the granny shots ETF ticker grny this is our update for the week of December 1st 2024 uh a few of you asked us about the expense ratio for this granny shots ETF the expense ratio is 75% per year that expense is taken out every day so when you see the performance of Granny and anytime we talk about performance it is actually after expenses total assets of Granny have reached 470 million I'm going to start with addressing a few questions and queries we received will you allow for options trading on granny in fact since November 25th options have been available for the granny shots e ETF ticker gr rny we also received this comment the granny ETF has made my life easier than building my own granny shots portfolio that's actually uh true in the sense that an ETF is very tax efficient because anytime we're making quarterly changes in our granny shots portfolio they are not triggering capital gains um and therefore not creating taxable events I would encourage you to subscribe to our YouTube channel at funr Capital that's where you can find these updates and you can find these on x.com as well for the past week granny shots rose3 36% but the S&P Rose 1.08% so Granny's underperformed by 71 basis points now that's disappointing um but since Inception granny shots have gained 3.54% the S&P up 1.86% so granny shots are still outperforming since Inception by 1068 basis points you might wonder what caused granny to underperform in the past week well part of it is actually sector relative performance the S&P had in the past week defensive leadership as you can see here and the reason for that mainly is that investors have turned a little bit bearish you can see this in the a aii sentiment survey and I've highlighted in the bottom right the percentage of bulls less Bears dropped to minus two well that's investors turning quite cautious and therefore defensives outperform but we want to highlight that that is not how we want to position our granny shots portfolio in our most recent rebalance of the granny shots portfolio we identified growth cyclicals as having the highest probability of leading over the next three months and that would carry us through early January and therefore instead of being defensive which is this bottom left corner we're actually tilted towards pure growth and growth cyclicals now in terms of contribution the top five performers were Amazon CBR Apple meta and alphabit um if you're wondering why part of this has to do with uh the fact that we're entering the important holiday season so there's going to be some decent spend by consumers in terms of bottom five performance the worst performer here is crowd strike down 7% they reported earnings actually they beat numbers but you know sometimes you can beat numbers but it's not good enough and that you know I think at the end of the day um crowd strike remains Central um to portfolios because of the role they play in terms of cyber security and how important that is going forward now ultimately um you you may not be too familiar with a granny shot so I just want to cover this again we we have seven portfolios um we look for stocks that appear um across multiple portfolios and again these highlighted here appear the most so for instance meta is in five of the themes and uh if you need more information please look for go to our website and grab the fact sheet at granny shots.com and this is the portfolio management team thank you for listening and I will speak to you soon