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

Internet of Things

Wearables

net reduced positions

830 increased 1,483 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,128 increased 1,579 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,288 increased 1,607 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

299 increased 583 reduced

Video Games & Esports

net reduced positions

1,066 increased 1,301 reduced

SaaS & Enterprise Software

net reduced positions

1,350 increased 1,559 reduced

Tobacco & Nicotine

net reduced positions

702 increased 889 reduced

Marketplaces

net reduced positions

1,312 increased 1,492 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

861 increased 1,038 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,389 increased 1,561 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,226 increased 1,387 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

851 increased 991 reduced

Small Business Economy

net reduced positions

675 increased 815 reduced

Defense Modernization

Munitions Restocking

net reduced positions

711 increased 835 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

660 increased 783 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

366 increased 480 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

330 increased 440 reduced

Pet Economy

net reduced positions

1,016 increased 1,121 reduced

LNG

net reduced positions

715 increased 817 reduced

Carbon & Pollution Control

net reduced positions

597 increased 681 reduced

Quantum Computing

net reduced positions

700 increased 784 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

889 increased 973 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,044 increased 1,127 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

950 increased 1,029 reduced

Robotics & Automation

Industrial Automation

net reduced positions

808 increased 884 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,185 increased 1,250 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

841 increased 906 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

822 increased 884 reduced

Firearms

net reduced positions

167 increased 229 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

173 increased 235 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

349 increased 408 reduced

Water Infrastructure

net reduced positions

411 increased 470 reduced

Cloud Computing

Edge Computing

net reduced positions

345 increased 391 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

437 increased 482 reduced

Energy Efficiency

net reduced positions

808 increased 851 reduced

Semicap & Lithography

net reduced positions

513 increased 553 reduced

Digital Health & Telemedicine

net reduced positions

763 increased 802 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

667 increased 702 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

543 increased 578 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

253 increased 282 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

415 increased 444 reduced

Advanced Packaging

net reduced positions

306 increased 334 reduced

Alcohol

net reduced positions

584 increased 611 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,032 increased 1,058 reduced

Internet of Things

Smart Home

net reduced positions

217 increased 243 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

231 increased 255 reduced

Reshoring & American Manufacturing

net reduced positions

268 increased 291 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,514 increased 1,536 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

456 increased 476 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

980 increased 995 reduced

Sanitation

net reduced positions

224 increased 237 reduced

Infrastructure & Construction

Green Building

net reduced positions

94 increased 106 reduced

3D Printing & Additive Manufacturing

net reduced positions

433 increased 444 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

184 increased 195 reduced

Electrification & Grid

Grid Equipment

net reduced positions

377 increased 388 reduced

Virtual & Augmented Reality

net reduced positions

30 increased 40 reduced

Corporate Crypto Treasuries

net reduced positions

147 increased 156 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

611 increased 618 reduced

Critical Minerals & Rare Earths

net reduced positions

190 increased 196 reduced

Small Modular Reactors

net reduced positions

82 increased 88 reduced

Future of Education

net reduced positions

368 increased 373 reduced

Electrification & Grid

Energy Storage

net reduced positions

281 increased 284 reduced

Bitcoin Miners

net reduced positions

16 increased 17 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

354 increased 354 reduced

Wind

net reduced positions

55 increased 51 reduced

Medical Devices & Diagnostics

net reduced positions

1,412 increased 1,407 reduced

Uranium Mining & Enrichment

net reduced positions

103 increased 95 reduced

Sports Betting & iGaming

net reduced positions

135 increased 122 reduced

Solar

net reduced positions

214 increased 200 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

796 increased 781 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

542 increased 526 reduced

Reuse, Repair & Circular Economy

net reduced positions

711 increased 695 reduced

Identity Security

net reduced positions

112 increased 94 reduced

Immunotherapy & Oncology

net reduced positions

1,385 increased 1,367 reduced

Artificial Intelligence

Agentic AI

net reduced positions

379 increased 360 reduced

Launch Services

net reduced positions

63 increased 44 reduced

Streaming & Digital Media

News Media

net reduced positions

347 increased 328 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

97 increased 74 reduced

Hydrogen & Fuel Cells

net reduced positions

336 increased 313 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

468 increased 444 reduced

Luxury & Affluent Consumer

net reduced positions

514 increased 488 reduced

Cannabis

net reduced positions

135 increased 107 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

927 increased 896 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

476 increased 445 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

269 increased 238 reduced

Photonics & Optical Interconnect

net reduced positions

301 increased 269 reduced

Stablecoin Infrastructure

net reduced positions

431 increased 399 reduced

Food Delivery

net reduced positions

180 increased 147 reduced

Lithium & Battery Materials

net reduced positions

258 increased 224 reduced

Agentic AI Security

net reduced positions

217 increased 182 reduced

Online Travel & Experiences

net reduced positions

584 increased 547 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

564 increased 520 reduced

Casinos

net reduced positions

429 increased 384 reduced

Longevity & Aging Population

net reduced positions

689 increased 642 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,422 increased 1,371 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

512 increased 456 reduced

Satellite Communications

net reduced positions

207 increased 144 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

756 increased 692 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

375 increased 311 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,357 increased 1,284 reduced

Copper & Industrial Metals

net reduced positions

702 increased 621 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

688 increased 593 reduced

Artificial Intelligence

Chinese AI

net reduced positions

438 increased 330 reduced

Analog & Power Semis

net reduced positions

747 increased 630 reduced

Oilfield Services

net reduced positions

1,080 increased 916 reduced

Health & Wellness

net reduced positions

932 increased 762 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,525 increased 1,351 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,514 increased 1,314 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,725 increased 1,353 reduced