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Tom Lee's Fundstrat Capital garnered recognition for its well-timed macroeconomic market forecasts, and presently, his recently launched ETF is showcasing the firm's stock selection expertise.

Also, the performance has been exceptional thus far, when juxtaposed against competitors and a benchmark index. FactSet indicates that the fund has outperformed the MSCI USA Large Cap Index since its inception, 13.7% versus 7.8%. Evaluating by Morningstar, the fund's approximately fourteen percent return this year places it within the top three percent within its category, encompassing roughly one thousand four hundred other funds.

'It has certainly been a favorable astonishment because we are cognizant of how saturated this domain is. ... This offering genuinely seems to be resonating with individuals, and based on the feedback we have garnered ... individuals have been acquiring it consistently, hence, they are not treating it as a singular speculative acquisition,' Lee conveyed to CNBC concerning the fund's expansion.

The title's "granny shot" refers to shooting a basketball free throw underhand. For Fundstrat, it signifies a stock encompassed by multiple critical investment themes the firm is observing, which drive earnings escalation. These themes include energy and cybersecurity, an AI-associated classification termed global labor suppliers, and the influence of millennials.

"The strategy might not appear glamorous — nevertheless, it is anchored in a structured, rules-based methodology intended to augment the probability of consistent outcomes over time," states the fund's website.

The outcome is a portfolio encompassing around thirty-five S&P 500 stocks, recalibrated quarterly. Currently, prominent holdings include Robinhood, Oracle, and Advanced Micro Devices.

As Lee mentioned, choosing stocks that are relevant to many themes bolsters the fund's ability to withstand changing market moods.

'A stock that is both an AI narrative and intertwined with millennials then possesses a greater likelihood of excelling, because at any instance, AI may not be favored, yet millennials might be, thereby enhancing your prospects of ongoing outperformance," Lee asserted.

The subsequent step entails maintaining the outperformance in the long run, a challenge that has previously hindered numerous star fund managers. Lee expressed his belief that the focus on long-term trends and earnings expansion provides this strategy with endurance.

'I believe that the notion of utilizing a thematic approach and contemplating the narrative arcs that endure for an extended period to identify the stocks [that] surpass expectations; I believe that is what has truly resonated with us. I believe that is how you can still achieve outperformance,' Lee stated.

The Granny Shots fund carries an expense ratio of zero point seventy-five percent.

Disclosure: Tom Lee is a CNBC contributor.