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

Medical Devices & Diagnostics

net reduced positions

1,147 increased 1,532 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,130 increased 1,423 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

498 increased 780 reduced

Marketplaces

net reduced positions

1,186 increased 1,427 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,333 increased 1,574 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,253 increased 1,493 reduced

LNG

net reduced positions

719 increased 901 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

611 increased 791 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

759 increased 915 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

296 increased 452 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

845 increased 988 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

310 increased 452 reduced

Quantum Computing

net reduced positions

628 increased 767 reduced

SaaS & Enterprise Software

net reduced positions

1,260 increased 1,398 reduced

Defense Modernization

Munitions Restocking

net reduced positions

651 increased 781 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

519 increased 636 reduced

Luxury & Affluent Consumer

net reduced positions

426 increased 539 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

300 increased 407 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

718 increased 824 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

792 increased 894 reduced

Future of Education

net reduced positions

309 increased 395 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

302 increased 376 reduced

3D Printing & Additive Manufacturing

net reduced positions

399 increased 465 reduced

Robotics & Automation

Industrial Automation

net reduced positions

736 increased 802 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

200 increased 262 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

353 increased 410 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,232 increased 1,286 reduced

Electrification & Grid

Grid Equipment

net reduced positions

347 increased 400 reduced

Carbon & Pollution Control

net reduced positions

566 increased 618 reduced

Small Business Economy

net reduced positions

650 increased 702 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

679 increased 727 reduced

Hydrogen & Fuel Cells

net reduced positions

275 increased 320 reduced

Copper & Industrial Metals

net reduced positions

633 increased 677 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

384 increased 424 reduced

Health & Wellness

net reduced positions

780 increased 818 reduced

Tobacco & Nicotine

net reduced positions

668 increased 704 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,190 increased 1,225 reduced

Analog & Power Semis

net reduced positions

578 increased 609 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

651 increased 682 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

553 increased 582 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

269 increased 297 reduced

Alcohol

net reduced positions

530 increased 556 reduced

Semicap & Lithography

net reduced positions

425 increased 450 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

189 increased 210 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

911 increased 931 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,220 increased 1,239 reduced

Oilfield Services

net reduced positions

943 increased 958 reduced

Reshoring & American Manufacturing

net reduced positions

272 increased 285 reduced

Bitcoin Miners

net reduced positions

18 increased 18 reduced

Corporate Crypto Treasuries

net reduced positions

202 increased 199 reduced

Virtual & Augmented Reality

net reduced positions

36 increased 33 reduced

Uranium Mining & Enrichment

net reduced positions

112 increased 107 reduced

Internet of Things

Smart Home

net reduced positions

212 increased 206 reduced

Stablecoin Infrastructure

net reduced positions

7 increased 1 reduced

Artificial Intelligence

Chinese AI

net reduced positions

319 increased 311 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,380 increased 1,369 reduced

Firearms

net reduced positions

175 increased 161 reduced

Infrastructure & Construction

Green Building

net reduced positions

84 increased 69 reduced

Small Modular Reactors

net reduced positions

96 increased 81 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

108 increased 91 reduced

Launch Services

net reduced positions

59 increased 41 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

887 increased 867 reduced

Identity Security

net reduced positions

105 increased 85 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

491 increased 471 reduced

Water Infrastructure

net reduced positions

384 increased 364 reduced

Wind

net reduced positions

59 increased 38 reduced

Cannabis

net reduced positions

105 increased 82 reduced

Satellite Communications

net reduced positions

171 increased 144 reduced

Cloud Computing

Edge Computing

net reduced positions

224 increased 196 reduced

Sports Betting & iGaming

net reduced positions

131 increased 103 reduced

Lithium & Battery Materials

net reduced positions

173 increased 144 reduced

Critical Minerals & Rare Earths

net reduced positions

191 increased 160 reduced

Video Games & Esports

net reduced positions

1,040 increased 1,005 reduced

Advanced Packaging

net reduced positions

306 increased 270 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

248 increased 212 reduced

Sanitation

net reduced positions

206 increased 167 reduced

Streaming & Digital Media

News Media

net reduced positions

390 increased 349 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

920 increased 878 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

973 increased 929 reduced

Agentic AI Security

net reduced positions

212 increased 165 reduced

Casinos

net reduced positions

368 increased 320 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

322 increased 271 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

451 increased 394 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

350 increased 291 reduced

Food Delivery

net reduced positions

155 increased 95 reduced

Solar

net reduced positions

247 increased 186 reduced

Reuse, Repair & Circular Economy

net reduced positions

686 increased 624 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,157 increased 1,093 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

801 increased 737 reduced

Digital Health & Telemedicine

net reduced positions

693 increased 628 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

461 increased 396 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

229 increased 162 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

349 increased 275 reduced

Energy Efficiency

net reduced positions

790 increased 705 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

490 increased 392 reduced

Online Travel & Experiences

net reduced positions

528 increased 430 reduced

Electrification & Grid

Energy Storage

net reduced positions

293 increased 190 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

584 increased 473 reduced

Artificial Intelligence

Agentic AI

net reduced positions

351 increased 227 reduced

Longevity & Aging Population

net reduced positions

677 increased 549 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,288 increased 1,153 reduced

Photonics & Optical Interconnect

net reduced positions

301 increased 161 reduced

Pet Economy

net reduced positions

1,055 increased 886 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,356 increased 1,174 reduced

Internet of Things

Wearables

net reduced positions

1,169 increased 985 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,051 increased 854 reduced

Immunotherapy & Oncology

net reduced positions

1,374 increased 1,155 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

473 increased 116 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,612 increased 1,035 reduced