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

Pet Economy

net reduced positions

1,303 increased 1,857 reduced

Streaming & Digital Media

News Media

net reduced positions

409 increased 614 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

278 increased 350 reduced

Internet of Things

Wearables

net reduced positions

1,762 increased 1,830 reduced

Infrastructure & Construction

Green Building

net reduced positions

163 increased 196 reduced

Electrification & Grid

Grid Equipment

net reduced positions

574 increased 580 reduced

Post-Quantum Cryptography

net reduced positions

2 increased 3 reduced

Carbon & Pollution Control

net reduced positions

572 increased 569 reduced

Launch Services

net reduced positions

104 increased 99 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

566 increased 555 reduced

Small Modular Reactors

net reduced positions

120 increased 109 reduced

Earth Observation

net reduced positions

32 increased 18 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

649 increased 628 reduced

Corporate Crypto Treasuries

net reduced positions

194 increased 171 reduced

Reshoring & American Manufacturing

net reduced positions

326 increased 303 reduced

Virtual & Augmented Reality

net reduced positions

81 increased 54 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

368 increased 340 reduced

3D Printing & Additive Manufacturing

net reduced positions

560 increased 526 reduced

Photonics & Optical Interconnect

net reduced positions

424 increased 388 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,096 increased 1,058 reduced

Crypto Exchanges

net reduced positions

54 increased 11 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

576 increased 532 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

636 increased 591 reduced

Tobacco & Nicotine

net reduced positions

921 increased 875 reduced

Satellite Communications

net reduced positions

223 increased 176 reduced

Sanitation

net reduced positions

335 increased 285 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,029 increased 1,978 reduced

Wind

net reduced positions

152 increased 97 reduced

Firearms

net reduced positions

264 increased 202 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

282 increased 218 reduced

Uranium Mining & Enrichment

net reduced positions

211 increased 147 reduced

Bitcoin Miners

net reduced positions

146 increased 80 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

129 increased 57 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

539 increased 466 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

758 increased 683 reduced

Future of Education

net reduced positions

607 increased 521 reduced

Agentic AI Security

net reduced positions

388 increased 299 reduced

Identity Security

net reduced positions

405 increased 315 reduced

Oilfield Services

net reduced positions

775 increased 682 reduced

Luxury & Affluent Consumer

net reduced positions

754 increased 659 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,108 increased 1,013 reduced

Internet of Things

Smart Home

net reduced positions

546 increased 450 reduced

Energy Efficiency

net reduced positions

1,250 increased 1,152 reduced

Semicap & Lithography

net reduced positions

1,015 increased 911 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

897 increased 792 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

425 increased 319 reduced

Cloud Computing

Edge Computing

net reduced positions

544 increased 437 reduced

Casinos

net reduced positions

686 increased 578 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

808 increased 694 reduced

Water Infrastructure

net reduced positions

693 increased 576 reduced

Critical Minerals & Rare Earths

net reduced positions

356 increased 238 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

937 increased 814 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,196 increased 1,067 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,032 increased 897 reduced

Artificial Intelligence

Chinese AI

net reduced positions

864 increased 727 reduced

Longevity & Aging Population

net reduced positions

930 increased 790 reduced

Advanced Packaging

net reduced positions

702 increased 561 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,602 increased 1,458 reduced

Lithium & Battery Materials

net reduced positions

503 increased 359 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,465 increased 1,320 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,251 increased 1,104 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

515 increased 356 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,298 increased 1,138 reduced

Quantum Computing

net reduced positions

964 increased 803 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,242 increased 1,073 reduced

LNG

net reduced positions

1,012 increased 841 reduced

Solar

net reduced positions

622 increased 448 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

747 increased 561 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

784 increased 593 reduced

Hydrogen & Fuel Cells

net reduced positions

736 increased 545 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,018 increased 821 reduced

Cannabis

net reduced positions

571 increased 363 reduced

Alcohol

net reduced positions

935 increased 725 reduced

Health & Wellness

net reduced positions

1,418 increased 1,202 reduced

Sports Betting & iGaming

net reduced positions

604 increased 388 reduced

Food Delivery

net reduced positions

751 increased 526 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,008 increased 1,780 reduced

Analog & Power Semis

net reduced positions

1,228 increased 992 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

572 increased 332 reduced

Digital Health & Telemedicine

net reduced positions

1,499 increased 1,252 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

630 increased 379 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,208 increased 957 reduced

Video Games & Esports

net reduced positions

2,097 increased 1,835 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,202 increased 932 reduced

Immunotherapy & Oncology

net reduced positions

2,123 increased 1,852 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,364 increased 2,084 reduced

Copper & Industrial Metals

net reduced positions

1,078 increased 796 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,484 increased 1,202 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,013 increased 717 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,287 increased 985 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,645 increased 1,340 reduced

Small Business Economy

net reduced positions

1,532 increased 1,208 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,545 increased 1,220 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

947 increased 614 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,446 increased 1,101 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

973 increased 623 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,655 increased 1,297 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,757 increased 1,383 reduced

Online Travel & Experiences

net reduced positions

987 increased 612 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,851 increased 1,464 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,506 increased 1,093 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,367 increased 1,950 reduced

Medical Devices & Diagnostics

net reduced positions

2,226 increased 1,803 reduced

Stablecoin Infrastructure

net reduced positions

1,281 increased 837 reduced

Marketplaces

net reduced positions

2,455 increased 1,981 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,430 increased 1,918 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,271 increased 745 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,562 increased 2,033 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,056 increased 1,524 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,522 increased 990 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,278 increased 1,671 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,569 increased 1,943 reduced

SaaS & Enterprise Software

net reduced positions

2,542 increased 1,902 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,216 increased 1,528 reduced