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

Energy Efficiency

net reduced positions

580 increased 1,423 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

383 increased 1,219 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

697 increased 1,483 reduced

Robotics & Automation

Industrial Automation

net reduced positions

622 increased 1,384 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,067 increased 1,787 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,390 increased 1,993 reduced

Oilfield Services

net reduced positions

633 increased 1,229 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,366 increased 1,933 reduced

Medical Devices & Diagnostics

net reduced positions

1,285 increased 1,810 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

804 increased 1,321 reduced

Immunotherapy & Oncology

net reduced positions

1,255 increased 1,729 reduced

SaaS & Enterprise Software

net reduced positions

1,402 increased 1,857 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,248 increased 1,679 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

923 increased 1,352 reduced

Tobacco & Nicotine

net reduced positions

576 increased 996 reduced

Quantum Computing

net reduced positions

549 increased 950 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,136 increased 1,531 reduced

Pet Economy

net reduced positions

973 increased 1,368 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

322 increased 681 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

411 increased 706 reduced

Longevity & Aging Population

net reduced positions

568 increased 841 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

948 increased 1,215 reduced

Copper & Industrial Metals

net reduced positions

590 increased 848 reduced

Carbon & Pollution Control

net reduced positions

507 increased 764 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

891 increased 1,147 reduced

Analog & Power Semis

net reduced positions

672 increased 912 reduced

Reuse, Repair & Circular Economy

net reduced positions

663 increased 897 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

488 increased 713 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

363 increased 583 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

713 increased 932 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

940 increased 1,159 reduced

Health & Wellness

net reduced positions

853 increased 1,054 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

733 increased 931 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,089 increased 1,285 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

678 increased 868 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,044 increased 1,232 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

866 increased 1,053 reduced

Video Games & Esports

net reduced positions

1,290 increased 1,473 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,542 increased 1,707 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

977 increased 1,139 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

375 increased 535 reduced

3D Printing & Additive Manufacturing

net reduced positions

388 increased 546 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,553 increased 1,706 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

762 increased 914 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

401 increased 551 reduced

Alcohol

net reduced positions

606 increased 755 reduced

Electrification & Grid

Grid Equipment

net reduced positions

388 increased 537 reduced

Semicap & Lithography

net reduced positions

527 increased 671 reduced

Small Business Economy

net reduced positions

821 increased 944 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,452 increased 1,571 reduced

Water Infrastructure

net reduced positions

445 increased 553 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

367 increased 474 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

651 increased 756 reduced

Cloud Computing

Edge Computing

net reduced positions

297 increased 399 reduced

Defense Modernization

Munitions Restocking

net reduced positions

817 increased 915 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

425 increased 523 reduced

Reshoring & American Manufacturing

net reduced positions

246 increased 335 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

381 increased 467 reduced

Digital Health & Telemedicine

net reduced positions

885 increased 967 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

595 increased 677 reduced

Luxury & Affluent Consumer

net reduced positions

504 increased 580 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

460 increased 529 reduced

Online Travel & Experiences

net reduced positions

586 increased 646 reduced

Future of Education

net reduced positions

378 increased 437 reduced

Advanced Packaging

net reduced positions

327 increased 384 reduced

Streaming & Digital Media

News Media

net reduced positions

341 increased 392 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

268 increased 315 reduced

Lithium & Battery Materials

net reduced positions

254 increased 301 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,488 increased 1,528 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

210 increased 238 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

276 increased 303 reduced

Satellite Communications

net reduced positions

183 increased 207 reduced

Small Modular Reactors

net reduced positions

85 increased 103 reduced

Sanitation

net reduced positions

258 increased 274 reduced

Uranium Mining & Enrichment

net reduced positions

120 increased 132 reduced

Virtual & Augmented Reality

net reduced positions

35 increased 47 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

136 increased 147 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

434 increased 444 reduced

Food Delivery

net reduced positions

214 increased 223 reduced

Launch Services

net reduced positions

75 increased 82 reduced

Firearms

net reduced positions

180 increased 185 reduced

Bitcoin Miners

net reduced positions

14 increased 16 reduced

Corporate Crypto Treasuries

net reduced positions

137 increased 135 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,649 increased 1,647 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

5 increased 3 reduced

Critical Minerals & Rare Earths

net reduced positions

222 increased 217 reduced

Sports Betting & iGaming

net reduced positions

180 increased 174 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

209 increased 199 reduced

Casinos

net reduced positions

489 increased 476 reduced

Wind

net reduced positions

75 increased 61 reduced

Infrastructure & Construction

Green Building

net reduced positions

131 increased 115 reduced

Photonics & Optical Interconnect

net reduced positions

303 increased 286 reduced

Stablecoin Infrastructure

net reduced positions

582 increased 564 reduced

Agentic AI Security

net reduced positions

262 increased 238 reduced

Identity Security

net reduced positions

198 increased 174 reduced

Electrification & Grid

Energy Storage

net reduced positions

331 increased 305 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

491 increased 464 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

483 increased 455 reduced

Internet of Things

Wearables

net reduced positions

1,326 increased 1,298 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

339 increased 310 reduced

Artificial Intelligence

Chinese AI

net reduced positions

598 increased 568 reduced

Hydrogen & Fuel Cells

net reduced positions

419 increased 389 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

716 increased 683 reduced

Solar

net reduced positions

263 increased 210 reduced

Marketplaces

net reduced positions

1,613 increased 1,553 reduced

Artificial Intelligence

Agentic AI

net reduced positions

606 increased 477 reduced

Cannabis

net reduced positions

301 increased 147 reduced

Internet of Things

Smart Home

net reduced positions

434 increased 242 reduced

LNG

net reduced positions

986 increased 766 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,729 increased 1,478 reduced