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

Electric Vehicles

EV Charging Infrastructure

net reduced positions

296 increased 575 reduced

Video Games & Esports

net reduced positions

883 increased 1,140 reduced

Quantum Computing

net reduced positions

580 increased 817 reduced

Streaming & Digital Media

News Media

net reduced positions

277 increased 484 reduced

Health & Wellness

net reduced positions

683 increased 873 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,031 increased 1,215 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

797 increased 962 reduced

SaaS & Enterprise Software

net reduced positions

1,247 increased 1,407 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

819 increased 974 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

660 increased 808 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

317 increased 465 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,208 increased 1,356 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

900 increased 1,043 reduced

Copper & Industrial Metals

net reduced positions

623 increased 757 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

358 increased 469 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,404 increased 1,505 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

194 increased 292 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

523 increased 619 reduced

Hydrogen & Fuel Cells

net reduced positions

260 increased 345 reduced

3D Printing & Additive Manufacturing

net reduced positions

423 increased 497 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

244 increased 317 reduced

Alcohol

net reduced positions

517 increased 582 reduced

Oilfield Services

net reduced positions

917 increased 982 reduced

Internet of Things

Wearables

net reduced positions

1,035 increased 1,099 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

338 increased 401 reduced

Analog & Power Semis

net reduced positions

577 increased 638 reduced

Water Infrastructure

net reduced positions

349 increased 406 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,256 increased 1,311 reduced

Reshoring & American Manufacturing

net reduced positions

256 increased 310 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

631 increased 684 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

682 increased 734 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,206 increased 1,253 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

399 increased 442 reduced

LNG

net reduced positions

797 increased 839 reduced

Tobacco & Nicotine

net reduced positions

663 increased 704 reduced

Semicap & Lithography

net reduced positions

433 increased 467 reduced

Corporate Crypto Treasuries

net reduced positions

177 increased 210 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

374 increased 407 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

412 increased 444 reduced

Medical Devices & Diagnostics

net reduced positions

1,305 increased 1,337 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

956 increased 987 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

917 increased 948 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

181 increased 210 reduced

Small Business Economy

net reduced positions

666 increased 692 reduced

Carbon & Pollution Control

net reduced positions

576 increased 600 reduced

Electrification & Grid

Grid Equipment

net reduced positions

369 increased 392 reduced

Pet Economy

net reduced positions

945 increased 968 reduced

Digital Health & Telemedicine

net reduced positions

635 increased 656 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,185 increased 1,202 reduced

Luxury & Affluent Consumer

net reduced positions

468 increased 482 reduced

Electrification & Grid

Energy Storage

net reduced positions

233 increased 245 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,396 increased 1,407 reduced

Lithium & Battery Materials

net reduced positions

174 increased 182 reduced

Bitcoin Miners

net reduced positions

14 increased 21 reduced

Launch Services

net reduced positions

45 increased 52 reduced

Small Modular Reactors

net reduced positions

85 increased 92 reduced

Identity Security

net reduced positions

88 increased 93 reduced

Longevity & Aging Population

net reduced positions

591 increased 596 reduced

Cloud Computing

Edge Computing

net reduced positions

204 increased 208 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

683 increased 685 reduced

Infrastructure & Construction

Green Building

net reduced positions

80 increased 82 reduced

Virtual & Augmented Reality

net reduced positions

29 increased 31 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

212 increased 213 reduced

Uranium Mining & Enrichment

net reduced positions

106 increased 107 reduced

Stablecoin Infrastructure

net reduced positions

3 increased 2 reduced

Firearms

net reduced positions

167 increased 165 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

102 increased 98 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

578 increased 573 reduced

Sports Betting & iGaming

net reduced positions

115 increased 108 reduced

Sanitation

net reduced positions

192 increased 184 reduced

Defense Modernization

Munitions Restocking

net reduced positions

709 increased 700 reduced

Agentic AI Security

net reduced positions

181 increased 171 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

360 increased 350 reduced

Satellite Communications

net reduced positions

172 increased 159 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

875 increased 861 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,205 increased 1,189 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,318 increased 1,298 reduced

Online Travel & Experiences

net reduced positions

474 increased 453 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

345 increased 323 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

847 increased 825 reduced

Internet of Things

Smart Home

net reduced positions

227 increased 205 reduced

Photonics & Optical Interconnect

net reduced positions

232 increased 206 reduced

Advanced Packaging

net reduced positions

298 increased 270 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

314 increased 286 reduced

Future of Education

net reduced positions

350 increased 321 reduced

Casinos

net reduced positions

372 increased 342 reduced

Wind

net reduced positions

59 increased 27 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

267 increased 234 reduced

Cannabis

net reduced positions

115 increased 81 reduced

Artificial Intelligence

Agentic AI

net reduced positions

287 increased 252 reduced

Critical Minerals & Rare Earths

net reduced positions

194 increased 159 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,294 increased 1,259 reduced

Robotics & Automation

Industrial Automation

net reduced positions

781 increased 744 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

463 increased 424 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

975 increased 935 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

793 increased 752 reduced

Solar

net reduced positions

247 increased 202 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

320 increased 274 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

794 increased 747 reduced

Energy Efficiency

net reduced positions

754 increased 702 reduced

Food Delivery

net reduced positions

152 increased 95 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

250 increased 188 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

505 increased 436 reduced

Reuse, Repair & Circular Economy

net reduced positions

702 increased 632 reduced

Marketplaces

net reduced positions

1,330 increased 1,235 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,406 increased 1,309 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

589 increased 476 reduced

Artificial Intelligence

Chinese AI

net reduced positions

416 increased 269 reduced

Immunotherapy & Oncology

net reduced positions

1,333 increased 1,184 reduced