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

Cloud Computing

Edge Computing

net reduced positions

278 increased 415 reduced

Small Business Economy

net reduced positions

658 increased 785 reduced

Quantum Computing

net reduced positions

641 increased 744 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

894 increased 996 reduced

LNG

net reduced positions

699 increased 799 reduced

Carbon & Pollution Control

net reduced positions

583 increased 682 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

618 increased 712 reduced

Analog & Power Semis

net reduced positions

577 increased 671 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

330 increased 414 reduced

Copper & Industrial Metals

net reduced positions

564 increased 647 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

848 increased 915 reduced

Semicap & Lithography

net reduced positions

412 increased 472 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

208 increased 263 reduced

Reuse, Repair & Circular Economy

net reduced positions

636 increased 691 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

341 increased 393 reduced

Reshoring & American Manufacturing

net reduced positions

249 increased 301 reduced

Defense Modernization

Munitions Restocking

net reduced positions

695 increased 745 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

162 increased 212 reduced

Internet of Things

Smart Home

net reduced positions

187 increased 235 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

887 increased 933 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

402 increased 445 reduced

Advanced Packaging

net reduced positions

269 increased 305 reduced

Electrification & Grid

Grid Equipment

net reduced positions

354 increased 386 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

671 increased 702 reduced

Tobacco & Nicotine

net reduced positions

712 increased 742 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

383 increased 411 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

772 increased 799 reduced

Health & Wellness

net reduced positions

801 increased 828 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

373 increased 400 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

315 increased 336 reduced

Virtual & Augmented Reality

net reduced positions

27 increased 48 reduced

Stablecoin Infrastructure

net reduced positions

385 increased 401 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

401 increased 414 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

398 increased 408 reduced

Luxury & Affluent Consumer

net reduced positions

493 increased 501 reduced

Streaming & Digital Media

News Media

net reduced positions

348 increased 356 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,241 increased 1,246 reduced

Water Infrastructure

net reduced positions

392 increased 397 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

836 increased 838 reduced

Critical Minerals & Rare Earths

net reduced positions

161 increased 162 reduced

Launch Services

net reduced positions

55 increased 52 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

562 increased 558 reduced

Identity Security

net reduced positions

94 increased 90 reduced

Solar

net reduced positions

245 increased 240 reduced

Bitcoin Miners

net reduced positions

25 increased 19 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

96 increased 87 reduced

Hydrogen & Fuel Cells

net reduced positions

298 increased 289 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

856 increased 847 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

606 increased 596 reduced

Wind

net reduced positions

39 increased 28 reduced

Artificial Intelligence

Agentic AI

net reduced positions

347 increased 335 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

330 increased 318 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

264 increased 252 reduced

Digital Health & Telemedicine

net reduced positions

685 increased 672 reduced

Small Modular Reactors

net reduced positions

92 increased 79 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

208 increased 194 reduced

Sports Betting & iGaming

net reduced positions

139 increased 124 reduced

Artificial Intelligence

Chinese AI

net reduced positions

365 increased 349 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,181 increased 1,164 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,393 increased 1,374 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

523 increased 503 reduced

Infrastructure & Construction

Green Building

net reduced positions

88 increased 65 reduced

Medical Devices & Diagnostics

net reduced positions

1,358 increased 1,333 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

476 increased 450 reduced

Oilfield Services

net reduced positions

930 increased 902 reduced

Energy Efficiency

net reduced positions

771 increased 742 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

338 increased 308 reduced

Pet Economy

net reduced positions

1,016 increased 986 reduced

Online Travel & Experiences

net reduced positions

542 increased 511 reduced

3D Printing & Additive Manufacturing

net reduced positions

434 increased 402 reduced

Uranium Mining & Enrichment

net reduced positions

115 increased 83 reduced

Cannabis

net reduced positions

121 increased 88 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

539 increased 506 reduced

Robotics & Automation

Industrial Automation

net reduced positions

803 increased 770 reduced

Corporate Crypto Treasuries

net reduced positions

212 increased 178 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,035 increased 996 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

533 increased 493 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

954 increased 914 reduced

Future of Education

net reduced positions

359 increased 318 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

341 increased 296 reduced

Video Games & Esports

net reduced positions

1,127 increased 1,080 reduced

Lithium & Battery Materials

net reduced positions

200 increased 150 reduced

Firearms

net reduced positions

229 increased 174 reduced

Photonics & Optical Interconnect

net reduced positions

283 increased 227 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

267 increased 209 reduced

Casinos

net reduced positions

392 increased 331 reduced

Satellite Communications

net reduced positions

184 increased 123 reduced

Sanitation

net reduced positions

224 increased 161 reduced

Agentic AI Security

net reduced positions

234 increased 169 reduced

Food Delivery

net reduced positions

194 increased 120 reduced

Electrification & Grid

Energy Storage

net reduced positions

301 increased 218 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,406 increased 1,322 reduced

SaaS & Enterprise Software

net reduced positions

1,434 increased 1,346 reduced

Longevity & Aging Population

net reduced positions

664 increased 575 reduced

Alcohol

net reduced positions

625 increased 534 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,029 increased 932 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,499 increased 1,398 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

668 increased 550 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

863 increased 743 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,408 increased 1,260 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

817 increased 668 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,385 increased 1,213 reduced

Immunotherapy & Oncology

net reduced positions

1,415 increased 1,216 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,517 increased 1,308 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,351 increased 1,140 reduced

Internet of Things

Wearables

net reduced positions

1,227 increased 995 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,564 increased 1,331 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,388 increased 1,153 reduced

Marketplaces

net reduced positions

1,470 increased 1,231 reduced