Along with Roubini, Tom Lee was another well-known name to step into the ETF space. So far, Lee is off to a roaring start, with his fund up 9% since November.
The name of the fund is a nod to its uniqueness ā a “granny shot” is an unconventional but supposedly more accurate way to shoot a free-throw, and that’s the approach Lee aims to take with his fund.
To do so, he has a couple of baskets of long-term themes and short-term themes. The four long-term themes he invests in are energy and cybersecurity, easing monetary conditions, growing Millennial influence, and growing demand for labor. Holdings in this category have to fit into two of the themes.
The three short-term themes include companies that benefit from seasonality, from a recovering manufacturing activity, and those that fit the fund’s preference for large-cap growth.
Ticker: GRNY
AUM: $1.36 billion
Top 5 holdings: Robinhood (3.6%); Oracle (3.26%); Advanced Micro Devices (3.06%); Nvidia (2.93%); GE Vernova (2.9%); Goldman Sachs (2.81%)