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

1,612 increased 2,004 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,830 increased 2,164 reduced

3D Printing & Additive Manufacturing

net reduced positions

468 increased 564 reduced

Oilfield Services

net reduced positions

659 increased 732 reduced

Semicap & Lithography

net reduced positions

866 increased 933 reduced

Corporate Crypto Treasuries

net reduced positions

118 increased 181 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

577 increased 636 reduced

Electrification & Grid

Grid Equipment

net reduced positions

527 increased 584 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

263 increased 313 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

583 increased 631 reduced

Internet of Things

Smart Home

net reduced positions

427 increased 472 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,205 increased 2,244 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

326 increased 364 reduced

Launch Services

net reduced positions

80 increased 112 reduced

Infrastructure & Construction

Green Building

net reduced positions

171 increased 191 reduced

Advanced Packaging

net reduced positions

589 increased 605 reduced

Earth Observation

net reduced positions

15 increased 30 reduced

Reshoring & American Manufacturing

net reduced positions

287 increased 298 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

544 increased 554 reduced

Cloud Computing

Edge Computing

net reduced positions

494 increased 500 reduced

Satellite Communications

net reduced positions

197 increased 203 reduced

Marketplaces

net reduced positions

2,204 increased 2,209 reduced

Luxury & Affluent Consumer

net reduced positions

668 increased 672 reduced

Streaming & Digital Media

News Media

net reduced positions

478 increased 480 reduced

Carbon & Pollution Control

net reduced positions

551 increased 552 reduced

Crypto Exchanges

net reduced positions

12 increased 13 reduced

Firearms

net reduced positions

211 increased 211 reduced

Post-Quantum Cryptography

net reduced positions

3 increased 0 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

678 increased 674 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,108 increased 1,104 reduced

Reuse, Repair & Circular Economy

net reduced positions

945 increased 940 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

865 increased 860 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

549 increased 542 reduced

Identity Security

net reduced positions

362 increased 352 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,283 increased 2,268 reduced

Bitcoin Miners

net reduced positions

78 increased 61 reduced

Energy Efficiency

net reduced positions

1,204 increased 1,187 reduced

Virtual & Augmented Reality

net reduced positions

67 increased 49 reduced

Wind

net reduced positions

133 increased 107 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

737 increased 710 reduced

Small Modular Reactors

net reduced positions

122 increased 91 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

359 increased 322 reduced

Longevity & Aging Population

net reduced positions

870 increased 827 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,099 increased 1,054 reduced

Agentic AI Security

net reduced positions

365 increased 318 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

98 increased 48 reduced

Critical Minerals & Rare Earths

net reduced positions

301 increased 245 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

238 increased 181 reduced

Stablecoin Infrastructure

net reduced positions

1,066 increased 1,009 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,194 increased 2,137 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,089 increased 1,031 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

718 increased 653 reduced

Uranium Mining & Enrichment

net reduced positions

189 increased 124 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,196 increased 1,127 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,091 increased 1,018 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

439 increased 364 reduced

Photonics & Optical Interconnect

net reduced positions

445 increased 368 reduced

Sanitation

net reduced positions

347 increased 267 reduced

Quantum Computing

net reduced positions

916 increased 835 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

478 increased 395 reduced

Future of Education

net reduced positions

613 increased 528 reduced

Artificial Intelligence

Chinese AI

net reduced positions

869 increased 779 reduced

Medical Devices & Diagnostics

net reduced positions

2,056 increased 1,966 reduced

Sports Betting & iGaming

net reduced positions

501 increased 403 reduced

Water Infrastructure

net reduced positions

676 increased 577 reduced

Analog & Power Semis

net reduced positions

1,143 increased 1,039 reduced

Solar

net reduced positions

579 increased 470 reduced

Video Games & Esports

net reduced positions

2,035 increased 1,923 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,295 increased 1,175 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,217 increased 1,093 reduced

Health & Wellness

net reduced positions

1,371 increased 1,243 reduced

Lithium & Battery Materials

net reduced positions

444 increased 316 reduced

Alcohol

net reduced positions

889 increased 756 reduced

Tobacco & Nicotine

net reduced positions

948 increased 813 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

559 increased 415 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,235 increased 2,087 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,032 increased 883 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,295 increased 1,144 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

738 increased 584 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

866 increased 705 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,422 increased 1,261 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

852 increased 690 reduced

Hydrogen & Fuel Cells

net reduced positions

739 increased 576 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,403 increased 1,233 reduced

Casinos

net reduced positions

691 increased 519 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

955 increased 780 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

530 increased 353 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,608 increased 1,428 reduced

Small Business Economy

net reduced positions

1,451 increased 1,261 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,138 increased 947 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,642 increased 1,444 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

968 increased 769 reduced

Food Delivery

net reduced positions

747 increased 547 reduced

Cannabis

net reduced positions

564 increased 343 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,600 increased 1,371 reduced

Online Travel & Experiences

net reduced positions

858 increased 620 reduced

Copper & Industrial Metals

net reduced positions

986 increased 746 reduced

Digital Health & Telemedicine

net reduced positions

1,480 increased 1,229 reduced

Pet Economy

net reduced positions

1,636 increased 1,381 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,090 increased 1,820 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,796 increased 1,523 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,287 increased 1,000 reduced

LNG

net reduced positions

1,024 increased 736 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,391 increased 2,100 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,442 increased 1,082 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,548 increased 1,176 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,664 increased 1,290 reduced

SaaS & Enterprise Software

net reduced positions

2,408 increased 2,021 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,455 increased 1,051 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,217 increased 789 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,120 increased 1,623 reduced

Immunotherapy & Oncology

net reduced positions

2,235 increased 1,668 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,058 increased 1,486 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,189 increased 1,462 reduced