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

3D Printing & Additive Manufacturing

net reduced positions

138 increased 764 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,186 increased 1,655 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,068 increased 1,417 reduced

LNG

net reduced positions

608 increased 933 reduced

Oilfield Services

net reduced positions

779 increased 1,070 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

528 increased 818 reduced

SaaS & Enterprise Software

net reduced positions

1,182 increased 1,461 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

763 increased 1,030 reduced

Copper & Industrial Metals

net reduced positions

493 increased 758 reduced

Quantum Computing

net reduced positions

562 increased 819 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

484 increased 739 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

803 increased 1,003 reduced

Carbon & Pollution Control

net reduced positions

494 increased 693 reduced

Video Games & Esports

net reduced positions

933 increased 1,129 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

722 increased 915 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,110 increased 1,274 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

688 increased 849 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

823 increased 974 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,122 increased 1,267 reduced

Semicap & Lithography

net reduced positions

346 increased 491 reduced

Medical Devices & Diagnostics

net reduced positions

1,235 increased 1,379 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

290 increased 431 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

260 increased 400 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

198 increased 329 reduced

Defense Modernization

Munitions Restocking

net reduced positions

619 increased 745 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

350 increased 470 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

345 increased 464 reduced

Electrification & Grid

Grid Equipment

net reduced positions

303 increased 421 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

689 increased 801 reduced

Alcohol

net reduced positions

510 increased 607 reduced

Tobacco & Nicotine

net reduced positions

634 increased 729 reduced

Reshoring & American Manufacturing

net reduced positions

232 increased 325 reduced

Water Infrastructure

net reduced positions

329 increased 422 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

903 increased 994 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

182 increased 269 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

633 increased 713 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

338 increased 414 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

138 increased 214 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

316 increased 390 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

790 increased 859 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

429 increased 497 reduced

Hydrogen & Fuel Cells

net reduced positions

260 increased 322 reduced

Luxury & Affluent Consumer

net reduced positions

451 increased 511 reduced

Robotics & Automation

Industrial Automation

net reduced positions

728 increased 787 reduced

Digital Health & Telemedicine

net reduced positions

634 increased 685 reduced

Critical Minerals & Rare Earths

net reduced positions

149 increased 194 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

557 increased 601 reduced

Advanced Packaging

net reduced positions

261 increased 301 reduced

Reuse, Repair & Circular Economy

net reduced positions

629 increased 668 reduced

Streaming & Digital Media

News Media

net reduced positions

343 increased 378 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

930 increased 962 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

844 increased 870 reduced

Future of Education

net reduced positions

311 increased 330 reduced

Sanitation

net reduced positions

168 increased 187 reduced

Small Business Economy

net reduced positions

687 increased 703 reduced

Uranium Mining & Enrichment

net reduced positions

97 increased 111 reduced

Longevity & Aging Population

net reduced positions

590 increased 602 reduced

Bitcoin Miners

net reduced positions

13 increased 24 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,205 increased 1,216 reduced

Infrastructure & Construction

Green Building

net reduced positions

71 increased 79 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

311 increased 318 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

385 increased 391 reduced

Small Modular Reactors

net reduced positions

83 increased 88 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

696 increased 697 reduced

Energy Efficiency

net reduced positions

737 increased 737 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

384 increased 383 reduced

Casinos

net reduced positions

342 increased 340 reduced

Corporate Crypto Treasuries

net reduced positions

196 increased 192 reduced

Solar

net reduced positions

227 increased 220 reduced

Launch Services

net reduced positions

58 increased 49 reduced

Lithium & Battery Materials

net reduced positions

163 increased 154 reduced

Internet of Things

Smart Home

net reduced positions

204 increased 195 reduced

Satellite Communications

net reduced positions

152 increased 142 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

203 increased 186 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

547 increased 530 reduced

Analog & Power Semis

net reduced positions

606 increased 587 reduced

Sports Betting & iGaming

net reduced positions

133 increased 114 reduced

Wind

net reduced positions

46 increased 27 reduced

Virtual & Augmented Reality

net reduced positions

44 increased 23 reduced

Cannabis

net reduced positions

113 increased 88 reduced

Identity Security

net reduced positions

107 increased 77 reduced

Electrification & Grid

Energy Storage

net reduced positions

262 increased 231 reduced

Health & Wellness

net reduced positions

802 increased 770 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

111 increased 78 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

326 increased 290 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

503 increased 461 reduced

Photonics & Optical Interconnect

net reduced positions

262 increased 217 reduced

Pet Economy

net reduced positions

985 increased 939 reduced

Stablecoin Infrastructure

net reduced positions

377 increased 326 reduced

Food Delivery

net reduced positions

163 increased 110 reduced

Firearms

net reduced positions

206 increased 145 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

550 increased 477 reduced

Agentic AI Security

net reduced positions

238 increased 164 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

527 increased 435 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

364 increased 269 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,167 increased 1,064 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

285 increased 177 reduced

Immunotherapy & Oncology

net reduced positions

1,306 increased 1,197 reduced

Artificial Intelligence

Chinese AI

net reduced positions

370 increased 248 reduced

Online Travel & Experiences

net reduced positions

567 increased 433 reduced

Artificial Intelligence

Agentic AI

net reduced positions

380 increased 244 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,412 increased 1,267 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,383 increased 1,230 reduced

Marketplaces

net reduced positions

1,354 increased 1,197 reduced

Internet of Things

Wearables

net reduced positions

1,154 increased 956 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,502 increased 1,242 reduced

Cloud Computing

Edge Computing

net reduced positions

375 increased 90 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,458 increased 1,120 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,536 increased 1,000 reduced