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

1,310 increased 1,857 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,590 increased 1,912 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,601 increased 1,792 reduced

Carbon & Pollution Control

net reduced positions

424 increased 587 reduced

Tobacco & Nicotine

net reduced positions

718 increased 879 reduced

LNG

net reduced positions

744 increased 901 reduced

Oilfield Services

net reduced positions

593 increased 743 reduced

Video Games & Esports

net reduced positions

1,673 increased 1,817 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

335 increased 477 reduced

Longevity & Aging Population

net reduced positions

712 increased 853 reduced

Online Travel & Experiences

net reduced positions

524 increased 655 reduced

Marketplaces

net reduced positions

1,892 increased 2,019 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,043 increased 1,167 reduced

Luxury & Affluent Consumer

net reduced positions

529 increased 637 reduced

Electrification & Grid

Grid Equipment

net reduced positions

449 increased 549 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

459 increased 558 reduced

Stablecoin Infrastructure

net reduced positions

705 increased 802 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

1,914 increased 2,004 reduced

Reshoring & American Manufacturing

net reduced positions

226 increased 307 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

1,979 increased 2,059 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

400 increased 479 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

543 increased 614 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

189 increased 260 reduced

Reuse, Repair & Circular Economy

net reduced positions

756 increased 826 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

227 increased 290 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,056 increased 1,112 reduced

Infrastructure & Construction

Green Building

net reduced positions

114 increased 166 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

858 increased 903 reduced

Streaming & Digital Media

News Media

net reduced positions

405 increased 449 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

294 increased 333 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

858 increased 896 reduced

Analog & Power Semis

net reduced positions

893 increased 920 reduced

Internet of Things

Smart Home

net reduced positions

352 increased 377 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

994 increased 1,016 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,054 increased 1,074 reduced

Corporate Crypto Treasuries

net reduced positions

102 increased 122 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

990 increased 1,010 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

752 increased 772 reduced

Launch Services

net reduced positions

78 increased 97 reduced

3D Printing & Additive Manufacturing

net reduced positions

434 increased 450 reduced

Lithium & Battery Materials

net reduced positions

262 increased 278 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

503 increased 519 reduced

Photonics & Optical Interconnect

net reduced positions

335 increased 347 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

234 increased 238 reduced

Sanitation

net reduced positions

277 increased 280 reduced

Crypto Exchanges

net reduced positions

14 increased 14 reduced

Future of Education

net reduced positions

490 increased 484 reduced

Earth Observation

net reduced positions

13 increased 6 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

1,956 increased 1,946 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

339 increased 329 reduced

Virtual & Augmented Reality

net reduced positions

41 increased 31 reduced

Bitcoin Miners

net reduced positions

20 increased 9 reduced

Semicap & Lithography

net reduced positions

725 increased 712 reduced

Satellite Communications

net reduced positions

196 increased 180 reduced

Uranium Mining & Enrichment

net reduced positions

127 increased 111 reduced

Water Infrastructure

net reduced positions

558 increased 542 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

156 increased 139 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

645 increased 626 reduced

Critical Minerals & Rare Earths

net reduced positions

204 increased 183 reduced

Small Modular Reactors

net reduced positions

100 increased 79 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,005 increased 982 reduced

Wind

net reduced positions

93 increased 66 reduced

Firearms

net reduced positions

190 increased 160 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,038 increased 1,008 reduced

Copper & Industrial Metals

net reduced positions

702 increased 668 reduced

Electrification & Grid

Energy Storage

net reduced positions

495 increased 461 reduced

Artificial Intelligence

Chinese AI

net reduced positions

745 increased 707 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

576 increased 529 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,151 increased 1,103 reduced

Casinos

net reduced positions

520 increased 467 reduced

Cannabis

net reduced positions

352 increased 295 reduced

Agentic AI Security

net reduced positions

289 increased 229 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

867 increased 807 reduced

Quantum Computing

net reduced positions

831 increased 770 reduced

Hydrogen & Fuel Cells

net reduced positions

532 increased 470 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

552 increased 487 reduced

Food Delivery

net reduced positions

494 increased 423 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

611 increased 539 reduced

Solar

net reduced positions

342 increased 269 reduced

Alcohol

net reduced positions

760 increased 683 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,176 increased 1,098 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

691 increased 606 reduced

Small Business Economy

net reduced positions

1,157 increased 1,071 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

991 increased 904 reduced

Sports Betting & iGaming

net reduced positions

274 increased 178 reduced

Digital Health & Telemedicine

net reduced positions

1,201 increased 1,099 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

707 increased 603 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,369 increased 1,262 reduced

Cloud Computing

Edge Computing

net reduced positions

492 increased 381 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,253 increased 1,142 reduced

Advanced Packaging

net reduced positions

473 increased 357 reduced

Health & Wellness

net reduced positions

1,183 increased 1,058 reduced

Identity Security

net reduced positions

353 increased 221 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,065 increased 928 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,668 increased 1,528 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

810 increased 650 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

388 increased 228 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

754 increased 588 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,609 increased 1,427 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,031 increased 1,843 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

762 increased 572 reduced

Pet Economy

net reduced positions

1,460 increased 1,257 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,374 increased 1,162 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,765 increased 1,535 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,122 increased 1,860 reduced

Artificial Intelligence

Agentic AI

net reduced positions

887 increased 624 reduced

SaaS & Enterprise Software

net reduced positions

2,118 increased 1,809 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,564 increased 1,198 reduced

Energy Efficiency

net reduced positions

1,251 increased 802 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,000 increased 1,426 reduced

Medical Devices & Diagnostics

net reduced positions

2,081 increased 1,484 reduced

Immunotherapy & Oncology

net reduced positions

2,115 increased 1,413 reduced

Post-Quantum Cryptography

net reduced positions

0 increased 0 reduced