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

Quantum Computing

net reduced positions

548 increased 876 reduced

Internet of Things

Wearables

net reduced positions

858 increased 1,060 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,100 increased 1,282 reduced

Robotics & Automation

Industrial Automation

net reduced positions

641 increased 790 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

735 increased 847 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

669 increased 776 reduced

SaaS & Enterprise Software

net reduced positions

1,184 increased 1,289 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

271 increased 374 reduced

Oilfield Services

net reduced positions

939 increased 1,040 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

294 increased 394 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,083 increased 1,174 reduced

Defense Modernization

Munitions Restocking

net reduced positions

630 increased 719 reduced

Tobacco & Nicotine

net reduced positions

595 increased 684 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,133 increased 1,216 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,252 increased 1,333 reduced

Marketplaces

net reduced positions

1,122 increased 1,201 reduced

Digital Health & Telemedicine

net reduced positions

542 increased 613 reduced

Hydrogen & Fuel Cells

net reduced positions

262 increased 332 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

879 increased 946 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,191 increased 1,255 reduced

Health & Wellness

net reduced positions

710 increased 772 reduced

Semicap & Lithography

net reduced positions

391 increased 453 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

917 increased 975 reduced

Energy Efficiency

net reduced positions

638 increased 691 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

772 increased 822 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

397 increased 447 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

230 increased 277 reduced

Internet of Things

Smart Home

net reduced positions

195 increased 236 reduced

Reshoring & American Manufacturing

net reduced positions

275 increased 313 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

522 increased 560 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,091 increased 1,128 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,032 increased 1,067 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

400 increased 435 reduced

Launch Services

net reduced positions

41 increased 74 reduced

Water Infrastructure

net reduced positions

371 increased 403 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

788 increased 819 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

708 increased 738 reduced

Infrastructure & Construction

Green Building

net reduced positions

43 increased 72 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

243 increased 272 reduced

Sanitation

net reduced positions

157 increased 184 reduced

Firearms

net reduced positions

137 increased 162 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

84 increased 108 reduced

Carbon & Pollution Control

net reduced positions

603 increased 626 reduced

Medical Devices & Diagnostics

net reduced positions

1,192 increased 1,214 reduced

Immunotherapy & Oncology

net reduced positions

1,152 increased 1,173 reduced

Uranium Mining & Enrichment

net reduced positions

99 increased 120 reduced

LNG

net reduced positions

798 increased 818 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

285 increased 304 reduced

Casinos

net reduced positions

374 increased 392 reduced

Photonics & Optical Interconnect

net reduced positions

212 increased 230 reduced

Corporate Crypto Treasuries

net reduced positions

165 increased 178 reduced

Small Modular Reactors

net reduced positions

85 increased 98 reduced

Lithium & Battery Materials

net reduced positions

162 increased 174 reduced

Luxury & Affluent Consumer

net reduced positions

475 increased 487 reduced

Artificial Intelligence

Chinese AI

net reduced positions

177 increased 187 reduced

Solar

net reduced positions

213 increased 223 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,225 increased 1,234 reduced

Cannabis

net reduced positions

87 increased 94 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

373 increased 379 reduced

Electrification & Grid

Grid Equipment

net reduced positions

381 increased 387 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,138 increased 1,142 reduced

Virtual & Augmented Reality

net reduced positions

33 increased 37 reduced

Identity Security

net reduced positions

48 increased 50 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

431 increased 430 reduced

Critical Minerals & Rare Earths

net reduced positions

194 increased 192 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

432 increased 429 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,390 increased 1,386 reduced

Video Games & Esports

net reduced positions

952 increased 948 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

374 increased 369 reduced

Cloud Computing

Edge Computing

net reduced positions

166 increased 159 reduced

Future of Education

net reduced positions

325 increased 318 reduced

Reuse, Repair & Circular Economy

net reduced positions

634 increased 627 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

648 increased 639 reduced

Pet Economy

net reduced positions

899 increased 890 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

216 increased 206 reduced

Bitcoin Miners

net reduced positions

20 increased 10 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

423 increased 413 reduced

Copper & Industrial Metals

net reduced positions

740 increased 729 reduced

Small Business Economy

net reduced positions

598 increased 587 reduced

Analog & Power Semis

net reduced positions

530 increased 518 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

691 increased 678 reduced

Advanced Packaging

net reduced positions

264 increased 250 reduced

Artificial Intelligence

Agentic AI

net reduced positions

243 increased 229 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

464 increased 450 reduced

3D Printing & Additive Manufacturing

net reduced positions

475 increased 459 reduced

Sports Betting & iGaming

net reduced positions

100 increased 84 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

474 increased 456 reduced

Wind

net reduced positions

61 increased 42 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

276 increased 254 reduced

Online Travel & Experiences

net reduced positions

413 increased 390 reduced

Agentic AI Security

net reduced positions

98 increased 66 reduced

Streaming & Digital Media

News Media

net reduced positions

374 increased 341 reduced

Alcohol

net reduced positions

527 increased 492 reduced

Electrification & Grid

Energy Storage

net reduced positions

252 increased 217 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

244 increased 203 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

604 increased 559 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

303 increased 258 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

706 increased 661 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

768 increased 722 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

258 increased 208 reduced

Longevity & Aging Population

net reduced positions

563 increased 512 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

884 increased 806 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

894 increased 815 reduced

Satellite Communications

net reduced positions

191 increased 109 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

174 increased 73 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,232 increased 1,094 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

975 increased 800 reduced

Food Delivery

net reduced positions

0 increased 0 reduced

Stablecoin Infrastructure

net reduced positions

0 increased 0 reduced