{"id":17695,"date":"2025-07-03T21:59:01","date_gmt":"2025-07-03T21:59:01","guid":{"rendered":"https:\/\/finderica.com\/?p=17695"},"modified":"2025-07-03T21:59:01","modified_gmt":"2025-07-03T21:59:01","slug":"basketball-inspired-granny-shots-etf-may-add-two-new-themes-tom-lee","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=17695","title":{"rendered":"Basketball-inspired Granny Shots ETF may add two new themes: Tom Lee"},"content":{"rendered":"
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Long-time market bull Tom Lee is considering two new themes for his Fundstrat Granny Shots US Large Cap ETF.\u00a0<\/p>\n

On CNBC’s “ETF Edge” this week, he revealed sovereign security could soon make the cut.\u00a0<\/p>\n

“It’s now evident to me that the mechanisms are in motion for companies to really fix their supply chains within a sovereign border, and that’s a change,” the firm’s chief investment officer said. “That’s not going to just be one or two years.”<\/p>\n

He’s also looking at Gen Z. Lee compares the generation to millennials, who he called “the engine” of the market when Fundstrat first began researching themes seven years ago.<\/p>\n

“That means we need to be focusing on Gen Z and then Gen Alpha, so we might have to evolve our demographic theme to kind of orient towards the younger cohorts,” he said. “It may not be for a couple years, but I’m kind of sharing our thought process.”<\/p>\n

Lee’s Granny Shots ETF was inspired by NBA legend Rick Barry’s awkward free throw style.\u00a0<\/p>\n

‘If you buy the best stocks in each theme, then you’re hanging your hat on a single idea. So we said, ‘Let’s be like Rick Barry. Let’s do a correct physics basketball throw, underhanded,'” said Lee. “It doesn’t look great, but it makes 90% of the shots.”<\/p>\n

According to Lee, the ETF’s strategy starts with seven themes Fundstrat predicts will define the market over the next 10 years \u2014 from millennials to energy security. To be considered a granny shot, a stock must fit at least two of the themes.<\/p>\n

“We’re not buying junky stocks. We want to make sure that they generate earnings and high ROIC [return on invested capital],” Lee said. “We rebalance every quarter.”<\/p>\n

So far, the Granny Shots ETF, which was launched on Nov. 7, is scoring investors. In May, Fundstrat reported the ETF crossed the $1 billion in assets under management milestone. As of last week, Lee said the fund grew to $1.3 billion.<\/p>\n

Since its launch, the ETF is up 13% as of Thursday’s close. The fund is beating the S&P 500 so far this year. It’s up almost 15% since Jan. 1 while the index is up about 7%.<\/p>\n

As of July 3, Fundstrat reports<\/a> its top three holdings are Robinhood