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

1,051 increased 1,554 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,401 increased 1,856 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,278 increased 1,725 reduced

SaaS & Enterprise Software

net reduced positions

1,478 increased 1,792 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

371 increased 683 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

476 increased 740 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,212 increased 1,462 reduced

Video Games & Esports

net reduced positions

1,264 increased 1,477 reduced

Marketplaces

net reduced positions

1,492 increased 1,681 reduced

Tobacco & Nicotine

net reduced positions

731 increased 917 reduced

Immunotherapy & Oncology

net reduced positions

1,404 increased 1,584 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,565 increased 1,742 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,540 increased 1,714 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,053 increased 1,216 reduced

3D Printing & Additive Manufacturing

net reduced positions

399 increased 550 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,396 increased 1,546 reduced

Oilfield Services

net reduced positions

945 increased 1,077 reduced

Luxury & Affluent Consumer

net reduced positions

504 increased 632 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

778 increased 906 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,133 increased 1,256 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,346 increased 1,469 reduced

Semicap & Lithography

net reduced positions

579 increased 693 reduced

Pet Economy

net reduced positions

1,107 increased 1,216 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,646 increased 1,754 reduced

Cloud Computing

Edge Computing

net reduced positions

301 increased 404 reduced

Health & Wellness

net reduced positions

906 increased 1,006 reduced

Quantum Computing

net reduced positions

730 increased 829 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,041 increased 1,137 reduced

Defense Modernization

Munitions Restocking

net reduced positions

808 increased 900 reduced

Water Infrastructure

net reduced positions

447 increased 539 reduced

Carbon & Pollution Control

net reduced positions

617 increased 708 reduced

Reuse, Repair & Circular Economy

net reduced positions

744 increased 833 reduced

Reshoring & American Manufacturing

net reduced positions

252 increased 340 reduced

Small Business Economy

net reduced positions

845 increased 930 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,000 increased 1,084 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,123 increased 1,207 reduced

Energy Efficiency

net reduced positions

888 increased 970 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

999 increased 1,079 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

796 increased 871 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

445 increased 519 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

459 increased 530 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

390 increased 459 reduced

Longevity & Aging Population

net reduced positions

671 increased 735 reduced

Electrification & Grid

Energy Storage

net reduced positions

295 increased 352 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

694 increased 750 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

468 increased 521 reduced

Streaming & Digital Media

News Media

net reduced positions

358 increased 404 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

479 increased 524 reduced

Sanitation

net reduced positions

241 increased 285 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

475 increased 517 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

267 increased 308 reduced

Electrification & Grid

Grid Equipment

net reduced positions

447 increased 486 reduced

LNG

net reduced positions

835 increased 871 reduced

Copper & Industrial Metals

net reduced positions

724 increased 756 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

555 increased 586 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,033 increased 1,064 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,046 increased 1,077 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

279 increased 306 reduced

Hydrogen & Fuel Cells

net reduced positions

381 increased 407 reduced

Medical Devices & Diagnostics

net reduced positions

1,532 increased 1,556 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

138 increased 160 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

955 increased 974 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

676 increased 695 reduced

Alcohol

net reduced positions

677 increased 694 reduced

Solar

net reduced positions

235 increased 249 reduced

Future of Education

net reduced positions

414 increased 426 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

186 increased 197 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

780 increased 791 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

495 increased 503 reduced

Small Modular Reactors

net reduced positions

86 increased 94 reduced

Advanced Packaging

net reduced positions

349 increased 356 reduced

Launch Services

net reduced positions

73 increased 79 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,534 increased 1,538 reduced

Infrastructure & Construction

Green Building

net reduced positions

128 increased 131 reduced

Corporate Crypto Treasuries

net reduced positions

129 increased 131 reduced

Virtual & Augmented Reality

net reduced positions

43 increased 45 reduced

Bitcoin Miners

net reduced positions

15 increased 16 reduced

Food Delivery

net reduced positions

259 increased 260 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

2 increased 2 reduced

Lithium & Battery Materials

net reduced positions

286 increased 281 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

441 increased 434 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

235 increased 228 reduced

Uranium Mining & Enrichment

net reduced positions

122 increased 115 reduced

Robotics & Automation

Industrial Automation

net reduced positions

942 increased 932 reduced

Satellite Communications

net reduced positions

199 increased 188 reduced

Online Travel & Experiences

net reduced positions

629 increased 617 reduced

Agentic AI Security

net reduced positions

267 increased 251 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

318 increased 302 reduced

Digital Health & Telemedicine

net reduced positions

913 increased 896 reduced

Wind

net reduced positions

75 increased 58 reduced

Photonics & Optical Interconnect

net reduced positions

292 increased 274 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,679 increased 1,660 reduced

Internet of Things

Smart Home

net reduced positions

289 increased 268 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

437 increased 415 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,056 increased 1,032 reduced

Firearms

net reduced positions

200 increased 175 reduced

Analog & Power Semis

net reduced positions

842 increased 810 reduced

Critical Minerals & Rare Earths

net reduced positions

235 increased 203 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

654 increased 620 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

518 increased 476 reduced

Stablecoin Infrastructure

net reduced positions

579 increased 515 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

704 increased 639 reduced

Sports Betting & iGaming

net reduced positions

219 increased 151 reduced

Casinos

net reduced positions

542 increased 471 reduced

Identity Security

net reduced positions

228 increased 151 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

891 increased 779 reduced

Artificial Intelligence

Agentic AI

net reduced positions

596 increased 470 reduced

Cannabis

net reduced positions

265 increased 123 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,719 increased 1,492 reduced

Artificial Intelligence

Chinese AI

net reduced positions

719 increased 488 reduced