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

992 increased 1,640 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,160 increased 1,569 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,273 increased 1,670 reduced

Internet of Things

Wearables

net reduced positions

974 increased 1,369 reduced

Immunotherapy & Oncology

net reduced positions

1,229 increased 1,538 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

311 increased 595 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,278 increased 1,551 reduced

Oilfield Services

net reduced positions

831 increased 1,092 reduced

Video Games & Esports

net reduced positions

1,104 increased 1,361 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

468 increased 706 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,405 increased 1,637 reduced

Marketplaces

net reduced positions

1,330 increased 1,531 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,441 increased 1,635 reduced

Health & Wellness

net reduced positions

766 increased 959 reduced

LNG

net reduced positions

670 increased 863 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,243 increased 1,431 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,411 increased 1,583 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

930 increased 1,096 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

876 increased 1,038 reduced

Small Business Economy

net reduced positions

691 increased 851 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

670 increased 828 reduced

Medical Devices & Diagnostics

net reduced positions

1,351 increased 1,509 reduced

Carbon & Pollution Control

net reduced positions

547 increased 704 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,025 increased 1,168 reduced

Pet Economy

net reduced positions

991 increased 1,126 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,416 increased 1,535 reduced

Cloud Computing

Edge Computing

net reduced positions

263 increased 382 reduced

Defense Modernization

Munitions Restocking

net reduced positions

748 increased 866 reduced

Digital Health & Telemedicine

net reduced positions

770 increased 884 reduced

SaaS & Enterprise Software

net reduced positions

1,430 increased 1,544 reduced

Semicap & Lithography

net reduced positions

559 increased 670 reduced

Reuse, Repair & Circular Economy

net reduced positions

681 increased 791 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

503 increased 608 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

740 increased 843 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

391 increased 488 reduced

Stablecoin Infrastructure

net reduced positions

427 increased 521 reduced

Future of Education

net reduced positions

353 increased 445 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

904 increased 994 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

969 increased 1,057 reduced

3D Printing & Additive Manufacturing

net reduced positions

403 increased 482 reduced

Water Infrastructure

net reduced positions

420 increased 499 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

417 increased 493 reduced

Copper & Industrial Metals

net reduced positions

645 increased 717 reduced

Tobacco & Nicotine

net reduced positions

762 increased 829 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,414 increased 1,476 reduced

Reshoring & American Manufacturing

net reduced positions

234 increased 295 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

566 increased 625 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

378 increased 436 reduced

Analog & Power Semis

net reduced positions

726 increased 781 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

962 increased 1,016 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

854 increased 907 reduced

Quantum Computing

net reduced positions

710 increased 761 reduced

Alcohol

net reduced positions

605 increased 653 reduced

Sanitation

net reduced positions

215 increased 262 reduced

Photonics & Optical Interconnect

net reduced positions

267 increased 311 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

940 increased 980 reduced

Energy Efficiency

net reduced positions

847 increased 886 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

420 increased 458 reduced

Longevity & Aging Population

net reduced positions

670 increased 704 reduced

Advanced Packaging

net reduced positions

309 increased 337 reduced

Lithium & Battery Materials

net reduced positions

263 increased 290 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,055 increased 1,081 reduced

Luxury & Affluent Consumer

net reduced positions

496 increased 521 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

441 increased 466 reduced

Infrastructure & Construction

Green Building

net reduced positions

94 increased 117 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

261 increased 284 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

237 increased 259 reduced

Small Modular Reactors

net reduced positions

76 increased 98 reduced

Uranium Mining & Enrichment

net reduced positions

99 increased 121 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

456 increased 477 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

556 increased 576 reduced

Casinos

net reduced positions

446 increased 463 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

718 increased 733 reduced

Online Travel & Experiences

net reduced positions

574 increased 587 reduced

Cannabis

net reduced positions

113 increased 122 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

114 increased 116 reduced

Sports Betting & iGaming

net reduced positions

142 increased 142 reduced

Firearms

net reduced positions

198 increased 197 reduced

Bitcoin Miners

net reduced positions

20 increased 17 reduced

Agentic AI Security

net reduced positions

204 increased 200 reduced

Virtual & Augmented Reality

net reduced positions

41 increased 37 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

198 increased 193 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

612 increased 607 reduced

Internet of Things

Smart Home

net reduced positions

252 increased 243 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,235 increased 1,224 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

229 increased 218 reduced

Robotics & Automation

Industrial Automation

net reduced positions

881 increased 869 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

267 increased 255 reduced

Solar

net reduced positions

251 increased 238 reduced

Streaming & Digital Media

News Media

net reduced positions

372 increased 358 reduced

Launch Services

net reduced positions

86 increased 70 reduced

Electrification & Grid

Energy Storage

net reduced positions

320 increased 302 reduced

Wind

net reduced positions

73 increased 54 reduced

Artificial Intelligence

Agentic AI

net reduced positions

409 increased 388 reduced

Satellite Communications

net reduced positions

200 increased 176 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

427 increased 400 reduced

Corporate Crypto Treasuries

net reduced positions

162 increased 125 reduced

Electrification & Grid

Grid Equipment

net reduced positions

427 increased 387 reduced

Hydrogen & Fuel Cells

net reduced positions

375 increased 334 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

493 increased 450 reduced

Food Delivery

net reduced positions

232 increased 187 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

487 increased 442 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

798 increased 748 reduced

Critical Minerals & Rare Earths

net reduced positions

239 increased 188 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

689 increased 627 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,028 increased 965 reduced

Identity Security

net reduced positions

164 increased 79 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

436 increased 341 reduced

Artificial Intelligence

Chinese AI

net reduced positions

555 increased 457 reduced