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

Electric Vehicles

EV Charging Infrastructure

net reduced positions

327 increased 687 reduced

Internet of Things

Wearables

net reduced positions

1,108 increased 1,449 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,469 increased 1,764 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,369 increased 1,630 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,287 increased 1,539 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

927 increased 1,138 reduced

Tobacco & Nicotine

net reduced positions

744 increased 951 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

233 increased 419 reduced

Health & Wellness

net reduced positions

854 increased 1,022 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,093 increased 1,260 reduced

LNG

net reduced positions

758 increased 918 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

990 increased 1,149 reduced

Video Games & Esports

net reduced positions

1,287 increased 1,426 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

764 increased 901 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,134 increased 1,257 reduced

Carbon & Pollution Control

net reduced positions

596 increased 714 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,286 increased 1,383 reduced

Quantum Computing

net reduced positions

753 increased 846 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

999 increased 1,084 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

912 increased 993 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

460 increased 535 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

403 increased 477 reduced

Future of Education

net reduced positions

391 increased 463 reduced

3D Printing & Additive Manufacturing

net reduced positions

435 increased 506 reduced

Electrification & Grid

Energy Storage

net reduced positions

274 increased 345 reduced

Robotics & Automation

Industrial Automation

net reduced positions

899 increased 970 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,063 increased 1,132 reduced

Semicap & Lithography

net reduced positions

629 increased 695 reduced

SaaS & Enterprise Software

net reduced positions

1,604 increased 1,667 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,027 increased 1,085 reduced

Defense Modernization

Munitions Restocking

net reduced positions

824 increased 880 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

451 increased 502 reduced

Longevity & Aging Population

net reduced positions

681 increased 731 reduced

Luxury & Affluent Consumer

net reduced positions

545 increased 593 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

588 increased 634 reduced

Firearms

net reduced positions

164 increased 203 reduced

Immunotherapy & Oncology

net reduced positions

1,490 increased 1,526 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

425 increased 460 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

838 increased 871 reduced

Sanitation

net reduced positions

239 increased 272 reduced

Small Business Economy

net reduced positions

851 increased 884 reduced

Advanced Packaging

net reduced positions

329 increased 359 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

848 increased 874 reduced

Alcohol

net reduced positions

685 increased 706 reduced

Pet Economy

net reduced positions

1,131 increased 1,151 reduced

Reshoring & American Manufacturing

net reduced positions

283 increased 302 reduced

Analog & Power Semis

net reduced positions

814 increased 832 reduced

Stablecoin Infrastructure

net reduced positions

541 increased 559 reduced

Virtual & Augmented Reality

net reduced positions

32 increased 49 reduced

Bitcoin Miners

net reduced positions

13 increased 28 reduced

Water Infrastructure

net reduced positions

492 increased 504 reduced

Energy Efficiency

net reduced positions

921 increased 932 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

239 increased 247 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

302 increased 305 reduced

Sports Betting & iGaming

net reduced positions

172 increased 174 reduced

Agentic AI Security

net reduced positions

243 increased 244 reduced

Infrastructure & Construction

Green Building

net reduced positions

118 increased 119 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

198 increased 198 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

1 increased 1 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,552 increased 1,550 reduced

Critical Minerals & Rare Earths

net reduced positions

222 increased 217 reduced

Launch Services

net reduced positions

71 increased 66 reduced

Small Modular Reactors

net reduced positions

88 increased 82 reduced

Corporate Crypto Treasuries

net reduced positions

141 increased 134 reduced

Satellite Communications

net reduced positions

195 increased 188 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,645 increased 1,636 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

493 increased 480 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,642 increased 1,625 reduced

Digital Health & Telemedicine

net reduced positions

892 increased 875 reduced

Marketplaces

net reduced positions

1,581 increased 1,564 reduced

Medical Devices & Diagnostics

net reduced positions

1,549 increased 1,532 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

786 increased 769 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

675 increased 657 reduced

Cloud Computing

Edge Computing

net reduced positions

361 increased 343 reduced

Internet of Things

Smart Home

net reduced positions

277 increased 256 reduced

Copper & Industrial Metals

net reduced positions

762 increased 738 reduced

Uranium Mining & Enrichment

net reduced positions

124 increased 100 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

510 increased 484 reduced

Wind

net reduced positions

76 increased 50 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

144 increased 116 reduced

Lithium & Battery Materials

net reduced positions

292 increased 263 reduced

Online Travel & Experiences

net reduced positions

628 increased 599 reduced

Streaming & Digital Media

News Media

net reduced positions

396 increased 365 reduced

Solar

net reduced positions

267 increased 235 reduced

Photonics & Optical Interconnect

net reduced positions

295 increased 262 reduced

Food Delivery

net reduced positions

272 increased 238 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

522 increased 484 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

609 increased 567 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,128 increased 1,085 reduced

Oilfield Services

net reduced positions

1,048 increased 1,004 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

653 increased 605 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

315 increased 264 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

529 increased 469 reduced

Identity Security

net reduced positions

189 increased 126 reduced

Reuse, Repair & Circular Economy

net reduced positions

810 increased 745 reduced

Casinos

net reduced positions

538 increased 470 reduced

Hydrogen & Fuel Cells

net reduced positions

410 increased 340 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

720 increased 644 reduced

Cannabis

net reduced positions

206 increased 123 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

474 increased 371 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,085 increased 981 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

582 increased 450 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,737 increased 1,602 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,529 increased 1,387 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,787 increased 1,624 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

813 increased 632 reduced

Artificial Intelligence

Agentic AI

net reduced positions

579 increased 396 reduced

Electrification & Grid

Grid Equipment

net reduced positions

588 increased 339 reduced

Artificial Intelligence

Chinese AI

net reduced positions

716 increased 458 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,821 increased 1,371 reduced