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

Energy Efficiency

net reduced positions

507 increased 775 reduced

Quantum Computing

net reduced positions

568 increased 826 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

979 increased 1,169 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

868 increased 1,043 reduced

Immunotherapy & Oncology

net reduced positions

956 increased 1,130 reduced

Analog & Power Semis

net reduced positions

403 increased 549 reduced

Video Games & Esports

net reduced positions

800 increased 941 reduced

Robotics & Automation

Industrial Automation

net reduced positions

612 increased 740 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

681 increased 803 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

247 increased 365 reduced

3D Printing & Additive Manufacturing

net reduced positions

386 increased 502 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

697 increased 813 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

658 increased 772 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

755 increased 860 reduced

Pet Economy

net reduced positions

783 increased 878 reduced

Small Business Economy

net reduced positions

510 increased 605 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

393 increased 484 reduced

Medical Devices & Diagnostics

net reduced positions

1,048 increased 1,137 reduced

Water Infrastructure

net reduced positions

323 increased 412 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

344 increased 431 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

388 increased 474 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

633 increased 718 reduced

Defense Modernization

Munitions Restocking

net reduced positions

590 increased 674 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

633 increased 712 reduced

Online Travel & Experiences

net reduced positions

332 increased 409 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

988 increased 1,061 reduced

Sports Betting & iGaming

net reduced positions

66 increased 137 reduced

Health & Wellness

net reduced positions

673 increased 735 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

722 increased 779 reduced

Tobacco & Nicotine

net reduced positions

573 increased 629 reduced

Reshoring & American Manufacturing

net reduced positions

261 increased 315 reduced

Sanitation

net reduced positions

132 increased 186 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,026 increased 1,078 reduced

SaaS & Enterprise Software

net reduced positions

1,100 increased 1,151 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

467 increased 518 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

373 increased 423 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,070 increased 1,120 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

661 increased 709 reduced

Hydrogen & Fuel Cells

net reduced positions

235 increased 283 reduced

Photonics & Optical Interconnect

net reduced positions

161 increased 208 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

216 increased 261 reduced

Longevity & Aging Population

net reduced positions

475 increased 518 reduced

Copper & Industrial Metals

net reduced positions

656 increased 698 reduced

Artificial Intelligence

Chinese AI

net reduced positions

140 increased 180 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

257 increased 288 reduced

LNG

net reduced positions

718 increased 748 reduced

Cloud Computing

Edge Computing

net reduced positions

153 increased 177 reduced

Semicap & Lithography

net reduced positions

383 increased 407 reduced

Electrification & Grid

Energy Storage

net reduced positions

169 increased 192 reduced

Infrastructure & Construction

Green Building

net reduced positions

47 increased 70 reduced

Streaming & Digital Media

News Media

net reduced positions

327 increased 349 reduced

Critical Minerals & Rare Earths

net reduced positions

182 increased 203 reduced

Digital Health & Telemedicine

net reduced positions

528 increased 548 reduced

Firearms

net reduced positions

147 increased 164 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

601 increased 617 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

624 increased 639 reduced

Solar

net reduced positions

188 increased 200 reduced

Small Modular Reactors

net reduced positions

81 increased 92 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,051 increased 1,059 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

196 increased 202 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,168 increased 1,174 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

851 increased 857 reduced

Uranium Mining & Enrichment

net reduced positions

100 increased 106 reduced

Carbon & Pollution Control

net reduced positions

567 increased 571 reduced

Lithium & Battery Materials

net reduced positions

166 increased 169 reduced

Internet of Things

Wearables

net reduced positions

844 increased 847 reduced

Wind

net reduced positions

21 increased 22 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

258 increased 258 reduced

Launch Services

net reduced positions

60 increased 59 reduced

Agentic AI Security

net reduced positions

65 increased 63 reduced

Bitcoin Miners

net reduced positions

10 increased 6 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

101 increased 96 reduced

Identity Security

net reduced positions

50 increased 45 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

213 increased 208 reduced

Satellite Communications

net reduced positions

139 increased 133 reduced

Cannabis

net reduced positions

80 increased 72 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

354 increased 345 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

254 increased 244 reduced

Electrification & Grid

Grid Equipment

net reduced positions

388 increased 378 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

370 increased 360 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

382 increased 371 reduced

Virtual & Augmented Reality

net reduced positions

55 increased 42 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

206 increased 192 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

320 increased 304 reduced

Future of Education

net reduced positions

308 increased 288 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

547 increased 526 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

407 increased 386 reduced

Casinos

net reduced positions

373 increased 351 reduced

Corporate Crypto Treasuries

net reduced positions

165 increased 143 reduced

Luxury & Affluent Consumer

net reduced positions

490 increased 462 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

392 increased 363 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

253 increased 221 reduced

Advanced Packaging

net reduced positions

248 increased 215 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,033 increased 998 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

131 increased 84 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,275 increased 1,227 reduced

Internet of Things

Smart Home

net reduced positions

179 increased 125 reduced

Artificial Intelligence

Agentic AI

net reduced positions

256 increased 196 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

656 increased 584 reduced

Reuse, Repair & Circular Economy

net reduced positions

646 increased 545 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

896 increased 789 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,173 increased 1,064 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,061 increased 945 reduced

Oilfield Services

net reduced positions

967 increased 851 reduced

Marketplaces

net reduced positions

1,113 increased 993 reduced

Alcohol

net reduced positions

548 increased 374 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

965 increased 705 reduced