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

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

98 increased 538 reduced

Quantum Computing

net reduced positions

537 increased 910 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,032 increased 1,308 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

546 increased 794 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

610 increased 841 reduced

Defense Modernization

Munitions Restocking

net reduced positions

570 increased 772 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,198 increased 1,359 reduced

3D Printing & Additive Manufacturing

net reduced positions

410 increased 551 reduced

Robotics & Automation

Industrial Automation

net reduced positions

670 increased 790 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

279 increased 396 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

260 increased 371 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

748 increased 856 reduced

Analog & Power Semis

net reduced positions

443 increased 546 reduced

Tobacco & Nicotine

net reduced positions

597 increased 698 reduced

Video Games & Esports

net reduced positions

902 increased 1,000 reduced

Water Infrastructure

net reduced positions

331 increased 429 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,076 increased 1,168 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

483 increased 566 reduced

Small Business Economy

net reduced positions

550 increased 631 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

769 increased 843 reduced

SaaS & Enterprise Software

net reduced positions

1,195 increased 1,268 reduced

Pet Economy

net reduced positions

861 increased 933 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

382 increased 450 reduced

Energy Efficiency

net reduced positions

643 increased 704 reduced

Sanitation

net reduced positions

142 increased 203 reduced

Hydrogen & Fuel Cells

net reduced positions

251 increased 311 reduced

Reuse, Repair & Circular Economy

net reduced positions

604 increased 664 reduced

Internet of Things

Smart Home

net reduced positions

186 increased 244 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

909 increased 964 reduced

Reshoring & American Manufacturing

net reduced positions

273 increased 327 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,125 increased 1,174 reduced

Future of Education

net reduced positions

297 increased 334 reduced

Streaming & Digital Media

News Media

net reduced positions

333 increased 367 reduced

Critical Minerals & Rare Earths

net reduced positions

176 increased 207 reduced

Immunotherapy & Oncology

net reduced positions

1,137 increased 1,167 reduced

Artificial Intelligence

Chinese AI

net reduced positions

167 increased 193 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

788 increased 814 reduced

Virtual & Augmented Reality

net reduced positions

41 increased 66 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,147 increased 1,171 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

197 increased 217 reduced

Semicap & Lithography

net reduced positions

404 increased 421 reduced

Digital Health & Telemedicine

net reduced positions

562 increased 578 reduced

Launch Services

net reduced positions

50 increased 65 reduced

Sports Betting & iGaming

net reduced positions

88 increased 102 reduced

Online Travel & Experiences

net reduced positions

396 increased 409 reduced

Cloud Computing

Edge Computing

net reduced positions

157 increased 169 reduced

Casinos

net reduced positions

392 increased 402 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

250 increased 259 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

91 increased 100 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

115 increased 124 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

818 increased 825 reduced

Electrification & Grid

Energy Storage

net reduced positions

216 increased 223 reduced

Medical Devices & Diagnostics

net reduced positions

1,194 increased 1,201 reduced

Corporate Crypto Treasuries

net reduced positions

157 increased 163 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

272 increased 277 reduced

Firearms

net reduced positions

154 increased 159 reduced

Lithium & Battery Materials

net reduced positions

166 increased 169 reduced

Small Modular Reactors

net reduced positions

84 increased 87 reduced

Identity Security

net reduced positions

44 increased 46 reduced

Infrastructure & Construction

Green Building

net reduced positions

60 increased 59 reduced

Longevity & Aging Population

net reduced positions

512 increased 511 reduced

Bitcoin Miners

net reduced positions

13 increased 11 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

450 increased 448 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

252 increased 250 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

422 increased 420 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,211 increased 1,207 reduced

Uranium Mining & Enrichment

net reduced positions

109 increased 104 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

917 increased 911 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

223 increased 214 reduced

Electrification & Grid

Grid Equipment

net reduced positions

392 increased 382 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

382 increased 371 reduced

Advanced Packaging

net reduced positions

250 increased 238 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

462 increased 449 reduced

Cannabis

net reduced positions

98 increased 84 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

211 increased 194 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,059 increased 1,037 reduced

Wind

net reduced positions

49 increased 25 reduced

Agentic AI Security

net reduced positions

84 increased 59 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

873 increased 847 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

385 increased 359 reduced

Satellite Communications

net reduced positions

162 increased 136 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

432 increased 405 reduced

Photonics & Optical Interconnect

net reduced positions

217 increased 190 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

744 increased 716 reduced

Luxury & Affluent Consumer

net reduced positions

510 increased 479 reduced

Carbon & Pollution Control

net reduced positions

621 increased 587 reduced

Copper & Industrial Metals

net reduced positions

748 increased 713 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

746 increased 711 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

299 increased 262 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

592 increased 547 reduced

Solar

net reduced positions

240 increased 193 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

450 increased 399 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

447 increased 395 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

695 increased 642 reduced

Artificial Intelligence

Agentic AI

net reduced positions

260 increased 206 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,140 increased 1,080 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

708 increased 640 reduced

Alcohol

net reduced positions

540 increased 452 reduced

LNG

net reduced positions

849 increased 743 reduced

Internet of Things

Wearables

net reduced positions

982 increased 870 reduced

Oilfield Services

net reduced positions

1,029 increased 916 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,174 increased 1,029 reduced

Marketplaces

net reduced positions

1,215 increased 1,070 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,298 increased 1,134 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

980 increased 816 reduced

Health & Wellness

net reduced positions

842 increased 656 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,485 increased 1,270 reduced