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

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,250 increased 2,255 reduced

Internet of Things

Wearables

net reduced positions

1,261 increased 1,915 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,447 increased 2,073 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,661 increased 2,254 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,376 increased 1,822 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,005 increased 1,426 reduced

LNG

net reduced positions

687 increased 1,019 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

886 increased 1,184 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

974 increased 1,261 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,002 increased 1,288 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

989 increased 1,272 reduced

Oilfield Services

net reduced positions

603 increased 884 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,575 increased 1,854 reduced

Tobacco & Nicotine

net reduced positions

690 increased 965 reduced

Energy Efficiency

net reduced positions

880 increased 1,148 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

769 increased 1,030 reduced

Defense Modernization

Munitions Restocking

net reduced positions

856 increased 1,104 reduced

Longevity & Aging Population

net reduced positions

692 increased 934 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,554 increased 1,780 reduced

Robotics & Automation

Industrial Automation

net reduced positions

934 increased 1,153 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,411 increased 1,619 reduced

Electrification & Grid

Grid Equipment

net reduced positions

420 increased 625 reduced

Online Travel & Experiences

net reduced positions

513 increased 710 reduced

Medical Devices & Diagnostics

net reduced positions

1,694 increased 1,883 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,014 increased 1,200 reduced

Reuse, Repair & Circular Economy

net reduced positions

726 increased 912 reduced

Video Games & Esports

net reduced positions

1,633 increased 1,812 reduced

Carbon & Pollution Control

net reduced positions

453 increased 628 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,006 increased 1,181 reduced

Small Business Economy

net reduced positions

1,021 increased 1,189 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

445 increased 612 reduced

Copper & Industrial Metals

net reduced positions

621 increased 787 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

920 increased 1,086 reduced

Pet Economy

net reduced positions

1,272 increased 1,438 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

525 increased 679 reduced

Semicap & Lithography

net reduced positions

641 increased 788 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

759 increased 897 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

394 increased 523 reduced

Analog & Power Semis

net reduced positions

849 increased 972 reduced

3D Printing & Additive Manufacturing

net reduced positions

391 increased 509 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

265 increased 381 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

460 increased 567 reduced

Reshoring & American Manufacturing

net reduced positions

219 increased 318 reduced

Alcohol

net reduced positions

675 increased 772 reduced

Luxury & Affluent Consumer

net reduced positions

553 increased 650 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

497 increased 593 reduced

Advanced Packaging

net reduced positions

373 increased 467 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,219 increased 1,310 reduced

Internet of Things

Smart Home

net reduced positions

342 increased 431 reduced

Streaming & Digital Media

News Media

net reduced positions

405 increased 488 reduced

Health & Wellness

net reduced positions

1,078 increased 1,156 reduced

Casinos

net reduced positions

452 increased 522 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,281 increased 1,348 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

201 increased 262 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

583 increased 643 reduced

Immunotherapy & Oncology

net reduced positions

1,732 increased 1,792 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

579 increased 635 reduced

Water Infrastructure

net reduced positions

538 increased 592 reduced

Cloud Computing

Edge Computing

net reduced positions

382 increased 433 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

416 increased 467 reduced

Firearms

net reduced positions

158 increased 195 reduced

Corporate Crypto Treasuries

net reduced positions

91 increased 125 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

264 increased 298 reduced

Critical Minerals & Rare Earths

net reduced positions

178 increased 209 reduced

Agentic AI Security

net reduced positions

245 increased 274 reduced

Future of Education

net reduced positions

466 increased 490 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

220 increased 244 reduced

Sports Betting & iGaming

net reduced positions

191 increased 212 reduced

Infrastructure & Construction

Green Building

net reduced positions

124 increased 142 reduced

Launch Services

net reduced positions

79 increased 87 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

147 increased 154 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

638 increased 642 reduced

Earth Observation

net reduced positions

2 increased 5 reduced

Satellite Communications

net reduced positions

196 increased 196 reduced

Bitcoin Miners

net reduced positions

17 increased 15 reduced

Marketplaces

net reduced positions

1,947 increased 1,945 reduced

Virtual & Augmented Reality

net reduced positions

30 increased 28 reduced

Crypto Exchanges

net reduced positions

18 increased 15 reduced

Hydrogen & Fuel Cells

net reduced positions

508 increased 505 reduced

Identity Security

net reduced positions

276 increased 271 reduced

Photonics & Optical Interconnect

net reduced positions

323 increased 318 reduced

SaaS & Enterprise Software

net reduced positions

1,961 increased 1,955 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

772 increased 765 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

331 increased 323 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

944 increased 936 reduced

Uranium Mining & Enrichment

net reduced positions

128 increased 118 reduced

Digital Health & Telemedicine

net reduced positions

1,137 increased 1,125 reduced

Small Modular Reactors

net reduced positions

105 increased 90 reduced

Lithium & Battery Materials

net reduced positions

280 increased 261 reduced

Cannabis

net reduced positions

342 increased 321 reduced

Wind

net reduced positions

86 increased 63 reduced

Artificial Intelligence

Chinese AI

net reduced positions

751 increased 714 reduced

Sanitation

net reduced positions

307 increased 269 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,010 increased 970 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

540 increased 495 reduced

Electrification & Grid

Energy Storage

net reduced positions

450 increased 404 reduced

Stablecoin Infrastructure

net reduced positions

753 increased 706 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

690 increased 639 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,043 increased 1,983 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,410 increased 1,349 reduced

Quantum Computing

net reduced positions

848 increased 787 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,021 increased 1,956 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

875 increased 810 reduced

Solar

net reduced positions

344 increased 256 reduced

Food Delivery

net reduced positions

465 increased 348 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

800 increased 673 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

701 increased 551 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

626 increased 471 reduced

Artificial Intelligence

Agentic AI

net reduced positions

815 increased 655 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

357 increased 191 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,097 increased 1,789 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,247 increased 1,601 reduced

Post-Quantum Cryptography

net reduced positions

0 increased 0 reduced