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

1,643 increased 1,930 reduced

Artificial Intelligence

Chinese AI

net reduced positions

559 increased 819 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,177 increased 2,361 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,096 increased 2,244 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,937 increased 2,070 reduced

Video Games & Esports

net reduced positions

1,921 increased 2,035 reduced

Oilfield Services

net reduced positions

690 increased 778 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

343 increased 391 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

746 increased 792 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

735 increased 774 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

310 increased 345 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

689 increased 711 reduced

Copper & Industrial Metals

net reduced positions

946 increased 967 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,228 increased 2,243 reduced

Earth Observation

net reduced positions

31 increased 40 reduced

Energy Efficiency

net reduced positions

1,186 increased 1,195 reduced

Launch Services

net reduced positions

97 increased 105 reduced

Small Modular Reactors

net reduced positions

118 increased 120 reduced

Post-Quantum Cryptography

net reduced positions

5 increased 2 reduced

3D Printing & Additive Manufacturing

net reduced positions

542 increased 538 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

651 increased 636 reduced

Reuse, Repair & Circular Economy

net reduced positions

990 increased 972 reduced

Future of Education

net reduced positions

538 increased 518 reduced

Alcohol

net reduced positions

810 increased 789 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

271 increased 249 reduced

Cloud Computing

Edge Computing

net reduced positions

511 increased 481 reduced

Infrastructure & Construction

Green Building

net reduced positions

200 increased 170 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

590 increased 560 reduced

Streaming & Digital Media

News Media

net reduced positions

486 increased 453 reduced

Virtual & Augmented Reality

net reduced positions

104 increased 71 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

112 increased 78 reduced

Luxury & Affluent Consumer

net reduced positions

732 increased 697 reduced

Internet of Things

Smart Home

net reduced positions

544 increased 508 reduced

Photonics & Optical Interconnect

net reduced positions

415 increased 378 reduced

Uranium Mining & Enrichment

net reduced positions

210 increased 170 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

876 increased 831 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,149 increased 1,100 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

652 increased 602 reduced

Electrification & Grid

Grid Equipment

net reduced positions

614 increased 560 reduced

Carbon & Pollution Control

net reduced positions

607 increased 552 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,514 increased 1,458 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,084 increased 1,026 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

444 increased 386 reduced

Reshoring & American Manufacturing

net reduced positions

353 increased 295 reduced

Satellite Communications

net reduced positions

244 increased 186 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

547 increased 485 reduced

Firearms

net reduced positions

286 increased 223 reduced

Corporate Crypto Treasuries

net reduced positions

219 increased 154 reduced

Sanitation

net reduced positions

346 increased 281 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,353 increased 1,285 reduced

Critical Minerals & Rare Earths

net reduced positions

345 increased 275 reduced

Semicap & Lithography

net reduced positions

1,016 increased 945 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

796 increased 722 reduced

Longevity & Aging Population

net reduced positions

895 increased 819 reduced

Wind

net reduced positions

163 increased 81 reduced

Agentic AI Security

net reduced positions

407 increased 324 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

599 increased 513 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,186 increased 1,098 reduced

Marketplaces

net reduced positions

2,259 increased 2,171 reduced

Tobacco & Nicotine

net reduced positions

925 increased 835 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

451 increased 359 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

738 increased 644 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

924 increased 827 reduced

Cannabis

net reduced positions

502 increased 404 reduced

Bitcoin Miners

net reduced positions

204 increased 105 reduced

Hydrogen & Fuel Cells

net reduced positions

684 increased 583 reduced

Solar

net reduced positions

592 increased 491 reduced

Lithium & Battery Materials

net reduced positions

514 increased 405 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,858 increased 1,747 reduced

Crypto Exchanges

net reduced positions

258 increased 143 reduced

Identity Security

net reduced positions

432 increased 303 reduced

Casinos

net reduced positions

695 increased 560 reduced

Water Infrastructure

net reduced positions

711 increased 575 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,236 increased 1,096 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

743 increased 603 reduced

Advanced Packaging

net reduced positions

709 increased 568 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,134 increased 992 reduced

LNG

net reduced positions

1,008 increased 852 reduced

Pet Economy

net reduced positions

1,575 increased 1,419 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,460 increased 1,298 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,625 increased 1,458 reduced

Sports Betting & iGaming

net reduced positions

607 increased 438 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,186 increased 1,016 reduced

Health & Wellness

net reduced positions

1,397 increased 1,225 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,368 increased 1,191 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,396 increased 2,213 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,458 increased 1,270 reduced

Medical Devices & Diagnostics

net reduced positions

2,115 increased 1,914 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,979 increased 1,777 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

573 increased 369 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,772 increased 1,567 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,408 increased 1,193 reduced

Online Travel & Experiences

net reduced positions

918 increased 695 reduced

Quantum Computing

net reduced positions

998 increased 767 reduced

Food Delivery

net reduced positions

753 increased 521 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

688 increased 446 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,620 increased 1,342 reduced

Small Business Economy

net reduced positions

1,526 increased 1,243 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,361 increased 1,077 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,218 increased 930 reduced

Stablecoin Infrastructure

net reduced positions

1,223 increased 929 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,066 increased 761 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,015 increased 704 reduced

SaaS & Enterprise Software

net reduced positions

2,393 increased 2,081 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,054 increased 1,693 reduced

Digital Health & Telemedicine

net reduced positions

1,568 increased 1,203 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,783 increased 1,404 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,337 increased 936 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,366 increased 1,963 reduced

Immunotherapy & Oncology

net reduced positions

2,186 increased 1,746 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,201 increased 1,757 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,506 increased 1,053 reduced

Analog & Power Semis

net reduced positions

1,370 increased 877 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,404 increased 726 reduced