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

992 increased 1,840 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,227 increased 1,963 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,498 increased 2,032 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,493 increased 1,909 reduced

Oilfield Services

net reduced positions

665 increased 983 reduced

Marketplaces

net reduced positions

1,599 increased 1,898 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,672 increased 1,942 reduced

Carbon & Pollution Control

net reduced positions

489 increased 758 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

939 increased 1,177 reduced

Tobacco & Nicotine

net reduced positions

696 increased 926 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,098 increased 1,280 reduced

Video Games & Esports

net reduced positions

1,444 increased 1,625 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,011 increased 1,191 reduced

LNG

net reduced positions

806 increased 983 reduced

Copper & Industrial Metals

net reduced positions

598 increased 771 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

918 increased 1,091 reduced

Reuse, Repair & Circular Economy

net reduced positions

743 increased 911 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

808 increased 959 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

375 increased 501 reduced

Semicap & Lithography

net reduced positions

623 increased 741 reduced

Internet of Things

Smart Home

net reduced positions

321 increased 434 reduced

Alcohol

net reduced positions

682 increased 780 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

1,751 increased 1,849 reduced

Quantum Computing

net reduced positions

737 increased 835 reduced

Electrification & Grid

Grid Equipment

net reduced positions

448 increased 543 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

580 increased 674 reduced

Health & Wellness

net reduced positions

1,003 increased 1,094 reduced

Longevity & Aging Population

net reduced positions

755 increased 846 reduced

Pet Economy

net reduced positions

1,222 increased 1,313 reduced

Luxury & Affluent Consumer

net reduced positions

558 increased 645 reduced

Small Business Economy

net reduced positions

998 increased 1,085 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

470 increased 556 reduced

3D Printing & Additive Manufacturing

net reduced positions

401 increased 476 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

457 increased 530 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

207 increased 276 reduced

Digital Health & Telemedicine

net reduced positions

989 increased 1,058 reduced

Reshoring & American Manufacturing

net reduced positions

241 increased 310 reduced

Photonics & Optical Interconnect

net reduced positions

277 increased 341 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

256 increased 318 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,133 increased 1,189 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

407 increased 462 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

476 increased 528 reduced

Corporate Crypto Treasuries

net reduced positions

88 increased 138 reduced

Streaming & Digital Media

News Media

net reduced positions

433 increased 483 reduced

Lithium & Battery Materials

net reduced positions

260 increased 309 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,383 increased 1,431 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,725 increased 1,769 reduced

Online Travel & Experiences

net reduced positions

637 increased 678 reduced

SaaS & Enterprise Software

net reduced positions

1,750 increased 1,787 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

290 increased 324 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

716 increased 747 reduced

Satellite Communications

net reduced positions

175 increased 205 reduced

Sports Betting & iGaming

net reduced positions

193 increased 223 reduced

Hydrogen & Fuel Cells

net reduced positions

450 increased 471 reduced

Water Infrastructure

net reduced positions

521 increased 540 reduced

Infrastructure & Construction

Green Building

net reduced positions

126 increased 143 reduced

Wind

net reduced positions

68 increased 85 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,497 increased 1,510 reduced

Firearms

net reduced positions

169 increased 182 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

154 increased 166 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,542 increased 1,554 reduced

Launch Services

net reduced positions

85 increased 97 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

242 increased 249 reduced

Critical Minerals & Rare Earths

net reduced positions

196 increased 202 reduced

Advanced Packaging

net reduced positions

382 increased 383 reduced

Electrification & Grid

Energy Storage

net reduced positions

323 increased 324 reduced

Small Modular Reactors

net reduced positions

92 increased 93 reduced

Virtual & Augmented Reality

net reduced positions

29 increased 28 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,084 increased 1,082 reduced

Bitcoin Miners

net reduced positions

23 increased 20 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

331 increased 327 reduced

Uranium Mining & Enrichment

net reduced positions

119 increased 108 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

604 increased 592 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

582 increased 568 reduced

Crypto Exchanges

net reduced positions

24 increased 6 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

590 increased 572 reduced

Identity Security

net reduced positions

258 increased 237 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,605 increased 1,584 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

794 increased 772 reduced

Agentic AI Security

net reduced positions

281 increased 257 reduced

Cloud Computing

Edge Computing

net reduced positions

402 increased 377 reduced

Cannabis

net reduced positions

325 increased 293 reduced

Medical Devices & Diagnostics

net reduced positions

1,666 increased 1,620 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,110 increased 1,061 reduced

Solar

net reduced positions

332 increased 276 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

515 increased 458 reduced

Analog & Power Semis

net reduced positions

898 increased 836 reduced

Sanitation

net reduced positions

310 increased 245 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

977 increased 904 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,028 increased 952 reduced

Stablecoin Infrastructure

net reduced positions

715 increased 633 reduced

Artificial Intelligence

Chinese AI

net reduced positions

696 increased 613 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

964 increased 881 reduced

Casinos

net reduced positions

537 increased 446 reduced

Future of Education

net reduced positions

495 increased 403 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,009 increased 916 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,096 increased 996 reduced

Energy Efficiency

net reduced positions

1,028 increased 926 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,281 increased 1,168 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

749 increased 614 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

660 increased 523 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

568 increased 426 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

819 increased 672 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

961 increased 812 reduced

Food Delivery

net reduced positions

406 increased 246 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

291 increased 111 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

606 increased 418 reduced

Artificial Intelligence

Agentic AI

net reduced positions

755 increased 552 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,419 increased 1,186 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

1,947 increased 1,530 reduced

Immunotherapy & Oncology

net reduced positions

1,894 increased 1,324 reduced

Earth Observation

net reduced positions

0 increased 0 reduced