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

1,428 increased 1,828 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,380 increased 1,775 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

1,465 increased 1,837 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,647 increased 1,948 reduced

LNG

net reduced positions

714 increased 909 reduced

Oilfield Services

net reduced positions

559 increased 744 reduced

Defense Modernization

Munitions Restocking

net reduced positions

882 increased 1,057 reduced

Tobacco & Nicotine

net reduced positions

742 increased 885 reduced

Carbon & Pollution Control

net reduced positions

444 increased 579 reduced

Quantum Computing

net reduced positions

761 increased 892 reduced

Energy Efficiency

net reduced positions

1,055 increased 1,171 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

580 increased 681 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

207 increased 308 reduced

Reuse, Repair & Circular Economy

net reduced positions

800 increased 882 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,207 increased 1,274 reduced

Reshoring & American Manufacturing

net reduced positions

250 increased 307 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

488 increased 544 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

771 increased 826 reduced

Longevity & Aging Population

net reduced positions

789 increased 837 reduced

3D Printing & Additive Manufacturing

net reduced positions

446 increased 479 reduced

Streaming & Digital Media

News Media

net reduced positions

426 increased 458 reduced

Electrification & Grid

Grid Equipment

net reduced positions

507 increased 538 reduced

Advanced Packaging

net reduced positions

506 increased 535 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,062 increased 1,089 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

510 increased 536 reduced

Corporate Crypto Treasuries

net reduced positions

115 increased 137 reduced

Launch Services

net reduced positions

75 increased 97 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

942 increased 962 reduced

Satellite Communications

net reduced positions

171 increased 191 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

657 increased 675 reduced

Alcohol

net reduced positions

745 increased 760 reduced

Infrastructure & Construction

Green Building

net reduced positions

158 increased 170 reduced

Firearms

net reduced positions

195 increased 206 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,031 increased 2,040 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

999 increased 1,005 reduced

Critical Minerals & Rare Earths

net reduced positions

231 increased 235 reduced

Small Modular Reactors

net reduced positions

97 increased 101 reduced

Post-Quantum Cryptography

net reduced positions

1 increased 1 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

543 increased 542 reduced

Internet of Things

Smart Home

net reduced positions

391 increased 390 reduced

Crypto Exchanges

net reduced positions

14 increased 12 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

333 increased 331 reduced

Luxury & Affluent Consumer

net reduced positions

613 increased 611 reduced

Photonics & Optical Interconnect

net reduced positions

382 increased 380 reduced

Uranium Mining & Enrichment

net reduced positions

136 increased 131 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

575 increased 569 reduced

Earth Observation

net reduced positions

23 increased 15 reduced

Water Infrastructure

net reduced positions

600 increased 582 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

299 increased 280 reduced

Cloud Computing

Edge Computing

net reduced positions

506 increased 482 reduced

Future of Education

net reduced positions

540 increased 515 reduced

Wind

net reduced positions

114 increased 89 reduced

Virtual & Augmented Reality

net reduced positions

61 increased 35 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,054 increased 1,024 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

816 increased 784 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

521 increased 488 reduced

Casinos

net reduced positions

567 increased 532 reduced

Marketplaces

net reduced positions

1,993 increased 1,957 reduced

Bitcoin Miners

net reduced positions

54 increased 14 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

825 increased 781 reduced

Sanitation

net reduced positions

303 increased 258 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

74 increased 25 reduced

Agentic AI Security

net reduced positions

321 increased 264 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

998 increased 940 reduced

Semicap & Lithography

net reduced positions

813 increased 754 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,158 increased 1,096 reduced

Immunotherapy & Oncology

net reduced positions

1,822 increased 1,759 reduced

Lithium & Battery Materials

net reduced positions

360 increased 293 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,030 increased 1,962 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

397 increased 323 reduced

Copper & Industrial Metals

net reduced positions

791 increased 715 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

435 increased 359 reduced

Video Games & Esports

net reduced positions

1,826 increased 1,739 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,243 increased 1,154 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,231 increased 1,140 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

235 increased 126 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

795 increased 686 reduced

Online Travel & Experiences

net reduced positions

691 increased 582 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

789 increased 675 reduced

Identity Security

net reduced positions

390 increased 276 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

385 increased 270 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,410 increased 1,290 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,068 increased 1,939 reduced

Food Delivery

net reduced positions

615 increased 481 reduced

Cannabis

net reduced positions

432 increased 294 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

431 increased 279 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,030 increased 1,877 reduced

Solar

net reduced positions

526 increased 367 reduced

Sports Betting & iGaming

net reduced positions

435 increased 269 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,474 increased 1,300 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,241 increased 1,060 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,702 increased 1,514 reduced

Hydrogen & Fuel Cells

net reduced positions

685 increased 497 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

716 increased 524 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,509 increased 1,315 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,156 increased 955 reduced

Electrification & Grid

Energy Storage

net reduced positions

875 increased 673 reduced

Analog & Power Semis

net reduced positions

1,098 increased 893 reduced

Stablecoin Infrastructure

net reduced positions

1,012 increased 795 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,811 increased 1,587 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

1,884 increased 1,652 reduced

Digital Health & Telemedicine

net reduced positions

1,357 increased 1,110 reduced

Artificial Intelligence

Chinese AI

net reduced positions

898 increased 650 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,080 increased 1,826 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,173 increased 912 reduced

Small Business Economy

net reduced positions

1,352 increased 1,090 reduced

Pet Economy

net reduced positions

1,536 increased 1,252 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,071 increased 771 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,201 increased 897 reduced

SaaS & Enterprise Software

net reduced positions

2,151 increased 1,830 reduced

Medical Devices & Diagnostics

net reduced positions

1,979 increased 1,640 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,455 increased 1,088 reduced

Health & Wellness

net reduced positions

1,424 increased 1,000 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,162 increased 634 reduced