Thomas J. Lee

• Granny Shots

May 7

Below we’ve highlighted stocks that we recommend across at least two of our investment strategies for 2021. These companies could benefit from multiple themes and secular tailwinds – clear picks in our view. Figure: Granny Shots are the “best of the best”Stocks which appear in multiple themes. Source: FSInsight Figure: Granny Shots Portfolio PerformanceMonthly. Source: FSInsight. FactSet as of 04/30/21 Figure: Intersection of investment recommendations by strategyAs of 04/30/21, Source: FSInsight, FactSet The stocks in the Granny Shots portfolio collectively outperformed the S&P 500 by 6,130 bps since its inception (S&P 500 is up 63.0% during the same period).

• Granny Shots

Apr 30

Below we’ve highlighted stocks that we recommend across at least two of our investment strategies for 2021. These companies could benefit from multiple themes and secular tailwinds – clear picks in our view. Figure: Granny Shots are the “best of the best”Stocks which appear in multiple themes. Source: Fundstrat Figure: Granny Shots Portfolio PerformanceMonthly. Source: Fundstrat. FactSet as of 04/30/21 Figure: Intersection of investment recommendations by strategyAs of 04/30/21, Source: Fundstrat, FactSet The stocks in the Granny Shots portfolio collectively outperformed the S&P 500 by 6,210 bps since its inception (S&P 500 is up 61.0% during the same period).

• Granny Shots

Apr 23

Below we’ve highlighted stocks that we recommend across at least two of our investment strategies for 2021. These companies could benefit from multiple themes and secular tailwinds – clear picks in our view. Figure: Granny Shots are the “best of the best”Stocks which appear in multiple themes. Source: FSInsight Figure: Granny Shots Portfolio PerformanceMonthly. Source: FSInsight. FactSet as of 04/22/21 Figure: Intersection of investment recommendations by strategyAs of 04/22/21, Source: FSInsight, FactSet The stocks in the Granny Shots portfolio collectively outperformed the S&P 500 by 6,250 bps since its inception (S&P 500 is up 59.2% during the same period).

• Granny Shots

Apr 19

We have just done our quarterly rebalance of our Granny Shots portfolio. The stocks we pick are a combination of our strategic and tactical investment themes. Our strategic themes have a time horizon of three to five years, whereas our tactical themes have one of six to twelve months. This quarter we have made a noticeable adjustment to our portfolio; deleting thirteen names and adding nine. First we’ll discuss the deletions. We removed: $INTC, $KLAC, $AMAT, $LCRX, and $HPQ from the Information Technology sector.$TGT and $BBY from the Consumer Discretionary sector. $ATVI from the Communications Services sector.$XOM and $VLO from the Energy sector. $GL and $RF from the Financial sector.$GE from the Industrials sector. For the additions we have some strong names in sectors we’ve stayed away from for a while. We’re excited to add: $BIIB, $GILD, and $REGN from the Health Care sector.$MO from the Consumer Staples sector.$EIX and $D from the Utilities sector. $PSX from the Energy sector.$QRVO and $SWKS from the Information Technology sector.