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

99 stocks · 2 sub-themes

net reduced positions

1,320 increased 1,847 reduced

Internet of Things

Wearables

net reduced positions

1,169 increased 1,653 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

338 increased 716 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

925 increased 1,269 reduced

Medical Devices & Diagnostics

net reduced positions

1,547 increased 1,766 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,454 increased 1,659 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

930 increased 1,131 reduced

Tobacco & Nicotine

net reduced positions

728 increased 923 reduced

Health & Wellness

net reduced positions

946 increased 1,131 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,022 increased 1,207 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,639 increased 1,822 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

526 increased 701 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,026 increased 1,200 reduced

Copper & Industrial Metals

net reduced positions

625 increased 797 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,118 increased 1,290 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,072 increased 1,240 reduced

Robotics & Automation

Industrial Automation

net reduced positions

907 increased 1,074 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,006 increased 1,160 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,150 increased 1,303 reduced

LNG

net reduced positions

826 increased 979 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,340 increased 1,482 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

356 increased 495 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

829 increased 965 reduced

Reuse, Repair & Circular Economy

net reduced positions

762 increased 886 reduced

Semicap & Lithography

net reduced positions

591 increased 701 reduced

Luxury & Affluent Consumer

net reduced positions

536 increased 645 reduced

Pet Economy

net reduced positions

1,214 increased 1,316 reduced

Oilfield Services

net reduced positions

809 increased 910 reduced

3D Printing & Additive Manufacturing

net reduced positions

400 increased 500 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

422 increased 522 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,541 increased 1,640 reduced

Energy Efficiency

net reduced positions

931 increased 1,028 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,755 increased 1,846 reduced

Satellite Communications

net reduced positions

163 increased 246 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

691 increased 770 reduced

Immunotherapy & Oncology

net reduced positions

1,576 increased 1,647 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

284 increased 349 reduced

Marketplaces

net reduced positions

1,703 increased 1,768 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

559 increased 621 reduced

Longevity & Aging Population

net reduced positions

761 increased 820 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

474 increased 529 reduced

Firearms

net reduced positions

151 increased 205 reduced

Internet of Things

Smart Home

net reduced positions

344 increased 398 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

215 increased 269 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

197 increased 249 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

455 increased 505 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

723 increased 769 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,730 increased 1,774 reduced

SaaS & Enterprise Software

net reduced positions

1,745 increased 1,788 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,755 increased 1,796 reduced

Video Games & Esports

net reduced positions

1,525 increased 1,565 reduced

Reshoring & American Manufacturing

net reduced positions

256 increased 293 reduced

Streaming & Digital Media

News Media

net reduced positions

440 increased 476 reduced

Corporate Crypto Treasuries

net reduced positions

102 increased 130 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

660 increased 688 reduced

Electrification & Grid

Grid Equipment

net reduced positions

482 increased 510 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

476 increased 498 reduced

Sports Betting & iGaming

net reduced positions

186 increased 202 reduced

Analog & Power Semis

net reduced positions

843 increased 858 reduced

Infrastructure & Construction

Green Building

net reduced positions

124 increased 137 reduced

Launch Services

net reduced positions

76 increased 88 reduced

Virtual & Augmented Reality

net reduced positions

28 increased 38 reduced

Cloud Computing

Edge Computing

net reduced positions

373 increased 381 reduced

Stablecoin Infrastructure

net reduced positions

674 increased 680 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

792 increased 797 reduced

Advanced Packaging

net reduced positions

359 increased 363 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

153 increased 153 reduced

Future of Education

net reduced positions

429 increased 429 reduced

Uranium Mining & Enrichment

net reduced positions

116 increased 115 reduced

Quantum Computing

net reduced positions

779 increased 777 reduced

Bitcoin Miners

net reduced positions

21 increased 17 reduced

Crypto Exchanges

net reduced positions

12 increased 7 reduced

Electrification & Grid

Energy Storage

net reduced positions

313 increased 306 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

289 increased 282 reduced

Water Infrastructure

net reduced positions

547 increased 537 reduced

Alcohol

net reduced positions

739 increased 725 reduced

Critical Minerals & Rare Earths

net reduced positions

209 increased 194 reduced

Small Modular Reactors

net reduced positions

100 increased 83 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

920 increased 896 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,821 increased 1,792 reduced

Hydrogen & Fuel Cells

net reduced positions

477 increased 447 reduced

Agentic AI Security

net reduced positions

279 increased 247 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,537 increased 1,495 reduced

Identity Security

net reduced positions

279 increased 237 reduced

Wind

net reduced positions

91 increased 48 reduced

Lithium & Battery Materials

net reduced positions

316 increased 272 reduced

Solar

net reduced positions

297 increased 252 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

350 increased 304 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

495 increased 442 reduced

Casinos

net reduced positions

520 increased 463 reduced

Online Travel & Experiences

net reduced positions

708 increased 641 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

531 increased 463 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

937 increased 854 reduced

Cannabis

net reduced positions

359 increased 261 reduced

Photonics & Optical Interconnect

net reduced positions

397 increased 285 reduced

Sanitation

net reduced positions

331 increased 219 reduced

Food Delivery

net reduced positions

361 increased 248 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

982 increased 869 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

216 increased 99 reduced

Digital Health & Telemedicine

net reduced positions

1,096 increased 952 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

629 increased 483 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

638 increased 485 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,392 increased 1,233 reduced

Carbon & Pollution Control

net reduced positions

729 increased 564 reduced

Artificial Intelligence

Chinese AI

net reduced positions

727 increased 554 reduced

Small Business Economy

net reduced positions

1,130 increased 895 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,860 increased 1,616 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,188 increased 871 reduced

Artificial Intelligence

Agentic AI

net reduced positions

819 increased 500 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,117 increased 776 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

752 increased 400 reduced