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

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,162 increased 1,332 reduced

Quantum Computing

net reduced positions

611 increased 773 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

833 increased 984 reduced

LNG

net reduced positions

654 increased 796 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

297 increased 429 reduced

Tobacco & Nicotine

net reduced positions

682 increased 798 reduced

Copper & Industrial Metals

net reduced positions

571 increased 669 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

466 increased 558 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

608 increased 696 reduced

Reuse, Repair & Circular Economy

net reduced positions

642 increased 729 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

140 increased 226 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

773 increased 856 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

985 increased 1,065 reduced

Analog & Power Semis

net reduced positions

575 increased 653 reduced

Internet of Things

Smart Home

net reduced positions

180 increased 256 reduced

Water Infrastructure

net reduced positions

370 increased 443 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

671 increased 729 reduced

Medical Devices & Diagnostics

net reduced positions

1,336 increased 1,392 reduced

Stablecoin Infrastructure

net reduced positions

369 increased 425 reduced

Alcohol

net reduced positions

568 increased 620 reduced

Defense Modernization

Munitions Restocking

net reduced positions

696 increased 748 reduced

Pet Economy

net reduced positions

981 increased 1,033 reduced

Reshoring & American Manufacturing

net reduced positions

249 increased 300 reduced

SaaS & Enterprise Software

net reduced positions

1,354 increased 1,403 reduced

Cloud Computing

Edge Computing

net reduced positions

319 increased 363 reduced

Uranium Mining & Enrichment

net reduced positions

75 increased 119 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

496 increased 537 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

581 increased 620 reduced

Small Business Economy

net reduced positions

701 increased 740 reduced

Robotics & Automation

Industrial Automation

net reduced positions

776 increased 813 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

362 increased 397 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

848 increased 883 reduced

Energy Efficiency

net reduced positions

755 increased 788 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

235 increased 268 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,293 increased 1,325 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

945 increased 976 reduced

Streaming & Digital Media

News Media

net reduced positions

325 increased 355 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,378 increased 1,407 reduced

Infrastructure & Construction

Green Building

net reduced positions

69 increased 97 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

392 increased 420 reduced

3D Printing & Additive Manufacturing

net reduced positions

416 increased 442 reduced

Small Modular Reactors

net reduced positions

73 increased 97 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

217 increased 238 reduced

Lithium & Battery Materials

net reduced positions

179 increased 195 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

463 increased 478 reduced

Sanitation

net reduced positions

201 increased 214 reduced

Advanced Packaging

net reduced positions

286 increased 298 reduced

Carbon & Pollution Control

net reduced positions

603 increased 615 reduced

Launch Services

net reduced positions

46 increased 58 reduced

Luxury & Affluent Consumer

net reduced positions

496 increased 507 reduced

Corporate Crypto Treasuries

net reduced positions

169 increased 179 reduced

Online Travel & Experiences

net reduced positions

525 increased 534 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

436 increased 444 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

623 increased 628 reduced

Internet of Things

Wearables

net reduced positions

1,089 increased 1,092 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

446 increased 447 reduced

Digital Health & Telemedicine

net reduced positions

693 increased 693 reduced

Hydrogen & Fuel Cells

net reduced positions

306 increased 306 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

199 increased 198 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

453 increased 452 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

796 increased 790 reduced

Photonics & Optical Interconnect

net reduced positions

264 increased 258 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,275 increased 1,267 reduced

Bitcoin Miners

net reduced positions

24 increased 15 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

328 increased 318 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

848 increased 836 reduced

Wind

net reduced positions

42 increased 25 reduced

Semicap & Lithography

net reduced positions

465 increased 447 reduced

Firearms

net reduced positions

209 increased 187 reduced

Sports Betting & iGaming

net reduced positions

140 increased 118 reduced

Virtual & Augmented Reality

net reduced positions

59 increased 37 reduced

Electrification & Grid

Grid Equipment

net reduced positions

382 increased 359 reduced

Future of Education

net reduced positions

352 increased 327 reduced

Immunotherapy & Oncology

net reduced positions

1,327 increased 1,302 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

253 increased 227 reduced

Cannabis

net reduced positions

125 increased 98 reduced

Artificial Intelligence

Agentic AI

net reduced positions

354 increased 326 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

596 increased 565 reduced

Video Games & Esports

net reduced positions

1,118 increased 1,086 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

356 increased 323 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

770 increased 736 reduced

Longevity & Aging Population

net reduced positions

641 increased 606 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

107 increased 68 reduced

Critical Minerals & Rare Earths

net reduced positions

186 increased 147 reduced

Satellite Communications

net reduced positions

185 increased 145 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

415 increased 371 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

350 increased 304 reduced

Identity Security

net reduced positions

119 increased 72 reduced

Health & Wellness

net reduced positions

833 increased 783 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,010 increased 956 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

350 increased 295 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,470 increased 1,411 reduced

Artificial Intelligence

Chinese AI

net reduced positions

373 increased 314 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,206 increased 1,141 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,292 increased 1,223 reduced

Food Delivery

net reduced positions

192 increased 117 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

922 increased 838 reduced

Solar

net reduced positions

282 increased 198 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,455 increased 1,369 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

554 increased 466 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,405 increased 1,308 reduced

Marketplaces

net reduced positions

1,395 increased 1,297 reduced

Agentic AI Security

net reduced positions

245 increased 146 reduced

Electrification & Grid

Energy Storage

net reduced positions

326 increased 209 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

993 increased 850 reduced

Casinos

net reduced positions

452 increased 304 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,538 increased 1,361 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,420 increased 1,242 reduced

Oilfield Services

net reduced positions

1,026 increased 829 reduced