Shelton Capital Management (“Shelton”) announced today that it will become the investment advisor of STF Management LP (“STF Management”) assets including two exchange-traded funds: the STF Tactical Growth ETF (TUG) and the STF Tactical Growth & Income ETF (TUGN).1
The combined assets of the funds are approximately $100 million, with Shelton’s total assets under management now exceeding $6.5 billion. Shelton has appointed Jonathan Molchan of STF Management as senior portfolio manager and head of ETF trading, effective March 30.
“Bringing on an ETF veteran like Jon Molchan is exciting because it bridges a gap in our ETF capabilities while bolstering our lineup with a very strong, five-star rated fund TUGN,” said Steve Rogers, chief executive officer of Shelton Capital Management.2 “The merger complements our growth strategy as we migrate to become a ‘wrapper neutral’ platform, enabling Shelton to better serve advisors and their clients. Jon brings extensive portfolio management experience with his addition to Shelton’s powerful options team. His 20 years of derivatives experience in trading, research and risk management will support our continued work to expand our ETF lineup.”
The existing Shelton covered call lineup includes the Shelton Equity Premium Income ETF (SEPI), the Equity Income Fund (EQTIX) and its popular Separately Managed Account program.3,4
“Joining a strong team at Shelton is an important next step for our ETFs,” Molchan said. “We’re bringing a strong track record and our performance capabilities onto a platform that has the marketing and distribution capabilities needed for our products to flourish. That focus on execution is one reason I’m looking forward to joining Shelton and continuing to manage the ETFs—combining my more than 12 years of experience in options-based ETFs with Shelton’s nearly 20 years of covered call expertise and a strong commitment to exceptional client care.”5
Shelton’s latest acquisition follows preliminary SEC approval to launch dual-share products and the firm’s purchase of Stringer Asset Management, its first acquisition of 2026. As Shelton expands its product lineup and investment expertise, it will continue to explore how ETF structures best serve advisors and shareholders of its existing mutual funds.
