Themes With The Most
Reduced Fund Positions

Funds Holding Holding in Top 10 Capital Flow

New Positions Closed Positions Increased Positions Reduced Positions

Call Options Put Options

3D Printing & Additive Manufacturing

Agriculture & Food Technology

Artificial Intelligence

Autonomous Driving

Cannabis

Carbon & Pollution Control

Clean Energy

Cloud Computing

Copper & Industrial Metals

Critical Minerals & Rare Earths

Cybersecurity

Data Centers & Digital Infrastructure

Defense Modernization

Digital Assets

Digital Health & Telemedicine

Digital Payments & Fintech

E-Commerce

Electric Vehicles

Electrification & Grid

Energy Efficiency

Future of Education

Genomics & Gene Editing

GLP-1 & Obesity

Gold & Precious Metals

Health & Wellness

Housing & Home Improvement

Immunotherapy & Oncology

Infrastructure & Construction

Internet of Things

Lithium & Battery Materials

Longevity & Aging Population

Luxury & Affluent Consumer

Medical Devices & Diagnostics

Nuclear Energy

Oil & Gas

Online Travel & Experiences

Pet Economy

Quantum Computing

Reshoring & American Manufacturing

Reuse, Repair & Circular Economy

Robotics & Automation

SaaS & Enterprise Software

Semiconductors

Sin Stocks

Small Business Economy

Social Media & Creator Economy

Space Economy

Sports Betting & iGaming

Streaming & Digital Media

Video Games & Esports

Virtual & Augmented Reality

Water

Video Games & Esports

net reduced positions

762 increased 972 reduced

Immunotherapy & Oncology

net reduced positions

929 increased 1,125 reduced

SaaS & Enterprise Software

net reduced positions

1,029 increased 1,207 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

657 increased 811 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,001 increased 1,145 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

883 increased 1,009 reduced

Digital Health & Telemedicine

net reduced positions

461 increased 585 reduced

Medical Devices & Diagnostics

net reduced positions

1,030 increased 1,150 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

599 increased 716 reduced

Quantum Computing

net reduced positions

632 increased 749 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,000 increased 1,101 reduced

Defense Modernization

Munitions Restocking

net reduced positions

563 increased 661 reduced

Hydrogen & Fuel Cells

net reduced positions

210 increased 300 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

952 increased 1,038 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

699 increased 772 reduced

Robotics & Automation

Industrial Automation

net reduced positions

632 increased 703 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

616 increased 687 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

155 increased 225 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

346 increased 413 reduced

Photonics & Optical Interconnect

net reduced positions

147 increased 211 reduced

Tobacco & Nicotine

net reduced positions

567 increased 626 reduced

Corporate Crypto Treasuries

net reduced positions

119 increased 177 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

272 increased 330 reduced

Reshoring & American Manufacturing

net reduced positions

256 increased 314 reduced

Semicap & Lithography

net reduced positions

363 increased 420 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

74 increased 130 reduced

Artificial Intelligence

Chinese AI

net reduced positions

114 increased 170 reduced

Water Infrastructure

net reduced positions

329 increased 385 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,140 increased 1,192 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

263 increased 312 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

226 increased 273 reduced

Lithium & Battery Materials

net reduced positions

140 increased 185 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

702 increased 746 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

678 increased 720 reduced

Small Business Economy

net reduced positions

541 increased 574 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

582 increased 612 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

433 increased 463 reduced

Internet of Things

Wearables

net reduced positions

814 increased 842 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

432 increased 458 reduced

Cloud Computing

Edge Computing

net reduced positions

149 increased 174 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

354 increased 379 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

809 increased 833 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

611 increased 633 reduced

Online Travel & Experiences

net reduced positions

344 increased 364 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

502 increased 518 reduced

Electrification & Grid

Grid Equipment

net reduced positions

350 increased 366 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

273 increased 287 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

339 increased 351 reduced

Analog & Power Semis

net reduced positions

454 increased 465 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

388 increased 399 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

224 increased 234 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

202 increased 212 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

92 increased 101 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

229 increased 236 reduced

Bitcoin Miners

net reduced positions

4 increased 9 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

472 increased 476 reduced

Alcohol

net reduced positions

441 increased 442 reduced

Energy Efficiency

net reduced positions

614 increased 615 reduced

3D Printing & Additive Manufacturing

net reduced positions

414 increased 414 reduced

Infrastructure & Construction

Green Building

net reduced positions

59 increased 59 reduced

Virtual & Augmented Reality

net reduced positions

32 increased 32 reduced

Longevity & Aging Population

net reduced positions

481 increased 480 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

675 increased 671 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

397 increased 393 reduced

Sanitation

net reduced positions

162 increased 157 reduced

Electrification & Grid

Energy Storage

net reduced positions

166 increased 158 reduced

Launch Services

net reduced positions

60 increased 52 reduced

Small Modular Reactors

net reduced positions

82 increased 74 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

229 increased 220 reduced

Wind

net reduced positions

18 increased 9 reduced

Future of Education

net reduced positions

292 increased 282 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

843 increased 831 reduced

Cannabis

net reduced positions

77 increased 63 reduced

Sports Betting & iGaming

net reduced positions

109 increased 95 reduced

Critical Minerals & Rare Earths

net reduced positions

205 increased 190 reduced

Solar

net reduced positions

175 increased 158 reduced

Agentic AI Security

net reduced positions

68 increased 50 reduced

Casinos

net reduced positions

348 increased 327 reduced

Pet Economy

net reduced positions

835 increased 814 reduced

Uranium Mining & Enrichment

net reduced positions

110 increased 89 reduced

Identity Security

net reduced positions

57 increased 35 reduced

Artificial Intelligence

Agentic AI

net reduced positions

224 increased 195 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

626 increased 592 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

390 increased 355 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,051 increased 1,014 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

345 increased 307 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,012 increased 974 reduced

Luxury & Affluent Consumer

net reduced positions

497 increased 457 reduced

Internet of Things

Smart Home

net reduced positions

157 increased 108 reduced

Satellite Communications

net reduced positions

151 increased 100 reduced

LNG

net reduced positions

750 increased 690 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

226 increased 164 reduced

Firearms

net reduced positions

171 increased 106 reduced

Copper & Industrial Metals

net reduced positions

696 increased 628 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

845 increased 773 reduced

Oilfield Services

net reduced positions

927 increased 855 reduced

Reuse, Repair & Circular Economy

net reduced positions

606 increased 531 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,133 increased 1,058 reduced

Health & Wellness

net reduced positions

742 increased 655 reduced

Advanced Packaging

net reduced positions

276 increased 171 reduced

Carbon & Pollution Control

net reduced positions

605 increased 499 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,313 increased 1,185 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,068 increased 919 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,183 increased 1,025 reduced

Marketplaces

net reduced positions

1,112 increased 953 reduced

Streaming & Digital Media

News Media

net reduced positions

374 increased 207 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

891 increased 669 reduced