{"id":12869,"date":"2026-09-06T10:00:28","date_gmt":"2026-09-06T10:00:28","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12869"},"modified":"2026-09-06T10:00:28","modified_gmt":"2026-09-06T10:00:28","slug":"strategy-and-robinhood-lead-4-5b-grny-etf-holdings","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12869","title":{"rendered":"Strategy and Robinhood lead $4.5B GRNY ETF holdings"},"content":{"rendered":"

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A $4.5 billion US large-cap stock fund now has two crypto-sensitive companies at the top of its portfolio.<\/p>\n

The Fundstrat Granny Shots US Large Cap ETF’s Sept. 4 holdings snapshot ranked Bitcoin-treasury company Strategy (MSTR) first at 3.02% and retail financial platform Robinhood Markets (HOOD) second at 2.99%. Together they represented 6.01% of the portfolio. The fund, known by its ticker GRNY, reported $4.533 billion in assets and 42 holdings as of Sept. 3.<\/p>\n

GRNY owns equities, not Bitcoin, and describes itself as an actively managed US large-cap fund. Yet its two largest holdings connect shareholders to crypto through public companies: Strategy through its Bitcoin treasury and Robinhood through a trading business that includes crypto.<\/p>\n

The snapshot demonstrates one route by which crypto-linked volatility can reach investors in a generalist stock portfolio. One fund cannot establish that mainstream managers broadly are replacing direct crypto allocations with proxy stocks.<\/p>\n

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Related Reading<\/span><\/p>\n

Funds are buying crypto stocks. Are they exposed to less risk \u2014 or more?<\/h3>\n<\/p>\n

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The ranking followed an equal-weight reset and an MSTR rally<\/h2>\n

GRNY’s Aug. 21 rebalance notice said all holdings would be reset to equal weight. Strategy and Robinhood were already in the portfolio and remained there; neither was a new addition.<\/p>\n

The reset added Freeport-McMoRan, Intel, Lockheed Martin, Micron Technology, SiriusPoint and Vertiv. It removed Air Products and Chemicals, American Express, Broadcom, Meta Platforms, Northrop Grumman, PNC Financial Services and Texas Pacific Land, according to the fund sponsor’s full rebalance announcement.<\/p>\n

With 42 positions reset to equal weight, a simple starting benchmark is about 2.38% per holding. MSTR rose from a $119.25 close on Aug. 21 to $144.82 on Sept. 3, a gain of about 21.4%, based on historical closing prices. That appreciation plausibly accounts for a substantial part of its rise above the equal-weight baseline and into first place.<\/p>\n

The exact path is not public. ETF.com reported $334.82 million of net creations for GRNY on Aug. 20, one day before the reset, but that figure does not identify which securities absorbed the cash and is not a complete post-rebalance flow series. The available data cannot cleanly divide MSTR’s current weight among purchases, fund creations or redemptions, and price appreciation.<\/p>\n

The fund’s governance also makes a singular \u201cTom Lee bet\u201d an imprecise description. A June SEC filing says Lee and Ken Xuan are jointly and primarily responsible for day-to-day securities management, while Qiao Duan and Stephen Foy oversee trading and execution.<\/p>\n

The record therefore supports a narrower reading: GRNY retained MSTR at an equal-weight rebalance, after which a sharp price increase helped push the stock to the top. It does not disclose enough to reconstruct every trade or assign the position to one individual.<\/p>\n

Strategy and Robinhood transmit crypto risk in different ways and should not be treated as interchangeable proxies.<\/p>\n