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

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

721 increased 1,002 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

422 increased 634 reduced

Immunotherapy & Oncology

net reduced positions

1,535 increased 1,677 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,358 increased 1,495 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

527 increased 654 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

402 increased 494 reduced

Internet of Things

Smart Home

net reduced positions

353 increased 442 reduced

Tobacco & Nicotine

net reduced positions

812 increased 901 reduced

Health & Wellness

net reduced positions

979 increased 1,051 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,494 increased 1,557 reduced

3D Printing & Additive Manufacturing

net reduced positions

449 increased 503 reduced

Quantum Computing

net reduced positions

755 increased 809 reduced

Cloud Computing

Edge Computing

net reduced positions

348 increased 390 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

445 increased 480 reduced

Video Games & Esports

net reduced positions

1,483 increased 1,513 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

205 increased 232 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

705 increased 732 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,270 increased 1,288 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

272 increased 288 reduced

Water Infrastructure

net reduced positions

509 increased 525 reduced

Corporate Crypto Treasuries

net reduced positions

128 increased 142 reduced

Launch Services

net reduced positions

75 increased 89 reduced

Virtual & Augmented Reality

net reduced positions

30 increased 43 reduced

Reshoring & American Manufacturing

net reduced positions

282 increased 294 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,119 increased 1,128 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

574 increased 582 reduced

Sports Betting & iGaming

net reduced positions

175 increased 183 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

495 increased 499 reduced

Carbon & Pollution Control

net reduced positions

662 increased 665 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

501 increased 501 reduced

Small Modular Reactors

net reduced positions

96 increased 94 reduced

Analog & Power Semis

net reduced positions

832 increased 829 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

7 increased 3 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

234 increased 228 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

315 increased 308 reduced

Infrastructure & Construction

Green Building

net reduced positions

132 increased 124 reduced

Medical Devices & Diagnostics

net reduced positions

1,645 increased 1,637 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

154 increased 144 reduced

Bitcoin Miners

net reduced positions

22 increased 11 reduced

Firearms

net reduced positions

192 increased 181 reduced

Internet of Things

Wearables

net reduced positions

1,426 increased 1,415 reduced

Advanced Packaging

net reduced positions

370 increased 356 reduced

Longevity & Aging Population

net reduced positions

757 increased 743 reduced

Critical Minerals & Rare Earths

net reduced positions

217 increased 201 reduced

Satellite Communications

net reduced positions

195 increased 178 reduced

Casinos

net reduced positions

486 increased 468 reduced

Wind

net reduced positions

85 increased 65 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

344 increased 319 reduced

Identity Security

net reduced positions

237 increased 211 reduced

Uranium Mining & Enrichment

net reduced positions

139 increased 111 reduced

Solar

net reduced positions

253 increased 219 reduced

Sanitation

net reduced positions

286 increased 251 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

522 increased 481 reduced

Agentic AI Security

net reduced positions

298 increased 256 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,633 increased 1,589 reduced

Defense Modernization

Munitions Restocking

net reduced positions

936 increased 892 reduced

Semicap & Lithography

net reduced positions

645 increased 601 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,227 increased 1,174 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

523 increased 468 reduced

Stablecoin Infrastructure

net reduced positions

658 increased 603 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,028 increased 972 reduced

Electrification & Grid

Grid Equipment

net reduced positions

514 increased 457 reduced

Future of Education

net reduced positions

455 increased 397 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,134 increased 1,073 reduced

Luxury & Affluent Consumer

net reduced positions

608 increased 541 reduced

Hydrogen & Fuel Cells

net reduced positions

465 increased 396 reduced

LNG

net reduced positions

950 increased 881 reduced

Energy Efficiency

net reduced positions

992 increased 922 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,121 increased 1,048 reduced

Electrification & Grid

Energy Storage

net reduced positions

374 increased 300 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

808 increased 733 reduced

Food Delivery

net reduced positions

266 increased 191 reduced

Small Business Economy

net reduced positions

998 increased 921 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,120 increased 1,038 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,026 increased 944 reduced

Copper & Industrial Metals

net reduced positions

766 increased 679 reduced

Oilfield Services

net reduced positions

959 increased 870 reduced

Digital Health & Telemedicine

net reduced positions

1,053 increased 961 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

488 increased 393 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

779 increased 681 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

879 increased 778 reduced

Online Travel & Experiences

net reduced positions

712 increased 600 reduced

Photonics & Optical Interconnect

net reduced positions

385 increased 266 reduced

Pet Economy

net reduced positions

1,322 increased 1,183 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,824 increased 1,683 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,276 increased 1,134 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

750 increased 606 reduced

Lithium & Battery Materials

net reduced positions

388 increased 218 reduced

Reuse, Repair & Circular Economy

net reduced positions

900 increased 717 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,640 increased 1,454 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,234 increased 1,046 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

572 increased 372 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

991 increased 781 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

625 increased 410 reduced

Alcohol

net reduced positions

814 increased 592 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

623 increased 401 reduced

Artificial Intelligence

Chinese AI

net reduced positions

725 increased 492 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,230 increased 994 reduced

Streaming & Digital Media

News Media

net reduced positions

547 increased 294 reduced

Artificial Intelligence

Agentic AI

net reduced positions

740 increased 481 reduced

Cannabis

net reduced positions

407 increased 137 reduced

SaaS & Enterprise Software

net reduced positions

1,897 increased 1,623 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,739 increased 1,462 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,981 increased 1,647 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,066 increased 726 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,937 increased 1,558 reduced

Marketplaces

net reduced positions

1,929 increased 1,512 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,999 increased 1,575 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,962 increased 1,529 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,217 increased 1,255 reduced