--- title: "Tom Lee's Small-Cap Granny Shots ETF Reloads: First Solar, Zoom Among 10 New Buys" type: "News" locale: "en" url: "https://longbridge.com/en/news/289377578.md" description: "Fundstrat Capital rebalanced its GRNJ ETF in May 2026, adding ten stocks including First Solar and Zoom while removing eight others. The fund's assets under management reached $476 million. CIO Tom Lee described the U.S. equity environment as challenging but constructive. The strategy targets companies meeting at least two of seven investment themes, combining macro research with quantitative screening." datetime: "2026-06-10T20:44:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289377578.md) - [en](https://longbridge.com/en/news/289377578.md) - [zh-HK](https://longbridge.com/zh-HK/news/289377578.md) --- # Tom Lee's Small-Cap Granny Shots ETF Reloads: First Solar, Zoom Among 10 New Buys **Fundstrat Capital** has completed the May 2026 quarterly rebalance of its **Fundstrat Granny Shots US Small- & Mid-Cap ETF** (NYSE:GRNJ), adding 10 stocks and removing eight as the firm positions the portfolio for what Chief Investment Officer **Tom Lee** describes as a "challenging but ultimate ly constructive" environment for U.S. equities. Since launching on November, 2025, the ETF rapidly attracted investor assets by extending Fundstrat's thematic research-driven approach beyond large-cap equities. According to Lee, the quarterly rebalance reflects updated macroeconomic, quantitative and fundamental analysis. The strategy seeks companies benefiting from multiple structural tailwinds, combining top-down macro research with bottom-up quantitative screening. To qualify for inclusion, a stock must appear in at least two of Fundstrat's seven investment themes. The portfolio is equally weighted and rebalanced every quarter. The latest rebalance introduced several well-known names across technology, renewable energy, retail and healthcare while removing positions that no longer met the firm’s thematic criteria. ## **Key Changes, May 2026 Rebalance** –**Added:** **Credo Technology Group Holding Ltd** (NASDAQ:CRDO), **Dick’s Sporting Goods** **Inc** (NYSE:DKS), **First Solar** **Inc** (NYSE:FSLR), **Modine Manufacturing** **Co** (NYSE:MOD), **Neurocrine Biosciences, Inc** (NASDAQ:NBIX), **Natera Inc** (NASDAQ:NTRA), **Rambus Inc** (NASDAQ:RMBS), **TTM Technologies Inc** (NASDAQ:TTMI), **Zeta Global Holdings Corp** (NYSE:ZETA) and **Zoom Communications Inc** (NASDAQ: ZM). –**Removed:** **Array Technologies Inc** (NASDAQ:ARRY), **Armstrong World Industries Inc** (NYSE:AWI), **Carrier Global Corp** (NYSE:CARR), **Donaldson Company Inc** (NYSE:DCI), **Hyatt Hotels Corporation** (NYSE:H), **Installed Building Products, Inc** (NYSE:IBP), **ITT Inc.** (NYSE:ITT) and **Universal Health Services Inc** (NYSE:UHS). - **AUM:** More than $476 million as of June 5. - **Strategy:** Stocks must qualify under at least two of seven proprietary investment themes. - **Short-term themes:** Style Tilt, Seasonality and PMI Recovery. - **Long-term themes:** Millennials, Global Labor Supply, Energy & Cybersecurity and Easing Financial Conditions. - **Portfolio construction:** Equal-weighted and rebalanced quarterly. GRNJ is part of **Fundstrat Capital's Granny Shots ETF suite**, which also includes the **Fundstrat Granny Shots US Large Cap ETF** (NYSE:GRNY) and income-oriented **Fundstrat Granny Shots US Large Cap & Income ETF** (NYSE:GRNI). As of June 5, Fundstrat Capital managed approximately $4.8 billion across the three ETFs, with flagship GRNY accounting for $4.28 billion and GRNI managing roughly $49 million. **Read Also: Super Micro Plummets, But This ETF Turned It Into A 40% Payday** _Image: Shutterstock_ ### Related Stocks - [FSLR.US](https://longbridge.com/en/quote/FSLR.US.md) - [ZM.US](https://longbridge.com/en/quote/ZM.US.md) - [GRNJ.US](https://longbridge.com/en/quote/GRNJ.US.md) - [CRDO.US](https://longbridge.com/en/quote/CRDO.US.md) - [DKS.US](https://longbridge.com/en/quote/DKS.US.md) - [MOD.US](https://longbridge.com/en/quote/MOD.US.md) - [NBIX.US](https://longbridge.com/en/quote/NBIX.US.md) - [NTRA.US](https://longbridge.com/en/quote/NTRA.US.md) - [RMBS.US](https://longbridge.com/en/quote/RMBS.US.md) - [TTMI.US](https://longbridge.com/en/quote/TTMI.US.md) - [ZETA.US](https://longbridge.com/en/quote/ZETA.US.md) - [ARRY.US](https://longbridge.com/en/quote/ARRY.US.md) - [AWI.US](https://longbridge.com/en/quote/AWI.US.md) - [CARR.US](https://longbridge.com/en/quote/CARR.US.md) - [DCI.US](https://longbridge.com/en/quote/DCI.US.md) - [H.US](https://longbridge.com/en/quote/H.US.md) - [IBP.US](https://longbridge.com/en/quote/IBP.US.md) - [ITT.US](https://longbridge.com/en/quote/ITT.US.md) - [UHS.US](https://longbridge.com/en/quote/UHS.US.md) - [GRNY.US](https://longbridge.com/en/quote/GRNY.US.md) - [GRNI.US](https://longbridge.com/en/quote/GRNI.US.md) - [SMCI.US](https://longbridge.com/en/quote/SMCI.US.md) ## Related News & Research - [Tom Lee's Fundstrat Capital Announces May 2026 Rebalance for Granny Shots US Small- & Mid-Cap ETF | GRNI Stock News](https://longbridge.com/en/news/289186423.md) - [Assessing Zoom Communications (NasdaqGS:ZM) Valuation After Recent Name Change And Share Price Pullback](https://longbridge.com/en/news/289531751.md) - [IUX Publishes Analysis of ETF Risk Factors During Periods of Market Volatility](https://longbridge.com/en/news/289416153.md) - [Prediction: This unstoppable Vanguard ETF could crush the S&P 500 over the next 10 years](https://longbridge.com/en/news/289458671.md) - [GraniteShares YieldBOOST TopYielders ETF declares $0.1352 dividend](https://longbridge.com/en/news/289617650.md)