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

Medical Devices & Diagnostics

net reduced positions

2,001 increased 2,433 reduced

Internet of Things

Wearables

net reduced positions

1,831 increased 2,254 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,307 increased 2,685 reduced

Digital Health & Telemedicine

net reduced positions

1,317 increased 1,694 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,141 increased 2,382 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,487 increased 1,691 reduced

Small Business Economy

net reduced positions

1,334 increased 1,513 reduced

Copper & Industrial Metals

net reduced positions

992 increased 1,158 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,817 increased 1,973 reduced

Artificial Intelligence

Chinese AI

net reduced positions

448 increased 594 reduced

Future of Education

net reduced positions

426 increased 563 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,472 increased 1,605 reduced

Energy Efficiency

net reduced positions

1,185 increased 1,283 reduced

Advanced Packaging

net reduced positions

619 increased 697 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,118 increased 1,192 reduced

3D Printing & Additive Manufacturing

net reduced positions

508 increased 581 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,355 increased 1,425 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,011 increased 2,079 reduced

SaaS & Enterprise Software

net reduced positions

2,500 increased 2,567 reduced

Stablecoin Infrastructure

net reduced positions

880 increased 944 reduced

Cloud Computing

Edge Computing

net reduced positions

471 increased 529 reduced

Immunotherapy & Oncology

net reduced positions

2,133 increased 2,188 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,875 increased 1,929 reduced

Alcohol

net reduced positions

830 increased 878 reduced

Longevity & Aging Population

net reduced positions

870 increased 917 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,275 increased 1,320 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,127 increased 1,171 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,200 increased 2,242 reduced

Photonics & Optical Interconnect

net reduced positions

417 increased 457 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

342 increased 378 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

739 increased 768 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

334 increased 360 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

752 increased 775 reduced

Virtual & Augmented Reality

net reduced positions

80 increased 97 reduced

Reshoring & American Manufacturing

net reduced positions

367 increased 382 reduced

Sports Betting & iGaming

net reduced positions

445 increased 454 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

890 increased 897 reduced

Water Infrastructure

net reduced positions

674 increased 679 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

92 increased 94 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,221 increased 1,222 reduced

Launch Services

net reduced positions

130 increased 130 reduced

Sanitation

net reduced positions

319 increased 319 reduced

Pet Economy

net reduced positions

1,645 increased 1,641 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,223 increased 1,218 reduced

Post-Quantum Cryptography

net reduced positions

16 increased 10 reduced

Earth Observation

net reduced positions

50 increased 43 reduced

Streaming & Digital Media

News Media

net reduced positions

488 increased 479 reduced

Satellite Communications

net reduced positions

220 increased 207 reduced

Infrastructure & Construction

Green Building

net reduced positions

186 increased 170 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,731 increased 1,709 reduced

Firearms

net reduced positions

292 increased 270 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,579 increased 2,555 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

757 increased 733 reduced

Small Modular Reactors

net reduced positions

164 increased 140 reduced

Semicap & Lithography

net reduced positions

1,081 increased 1,054 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

687 increased 657 reduced

Critical Minerals & Rare Earths

net reduced positions

386 increased 354 reduced

Wind

net reduced positions

128 increased 93 reduced

Agentic AI Security

net reduced positions

511 increased 473 reduced

Marketplaces

net reduced positions

2,483 increased 2,443 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

683 increased 639 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

258 increased 213 reduced

Health & Wellness

net reduced positions

1,416 increased 1,370 reduced

Oilfield Services

net reduced positions

889 increased 843 reduced

Uranium Mining & Enrichment

net reduced positions

259 increased 212 reduced

Electrification & Grid

Grid Equipment

net reduced positions

637 increased 587 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

539 increased 488 reduced

Online Travel & Experiences

net reduced positions

897 increased 845 reduced

Cannabis

net reduced positions

445 increased 392 reduced

Corporate Crypto Treasuries

net reduced positions

232 increased 179 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

519 increased 465 reduced

Bitcoin Miners

net reduced positions

189 increased 134 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

842 increased 786 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,437 increased 1,379 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

869 increased 811 reduced

Analog & Power Semis

net reduced positions

1,224 increased 1,164 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,210 increased 1,150 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

862 increased 800 reduced

Internet of Things

Smart Home

net reduced positions

535 increased 470 reduced

Solar

net reduced positions

614 increased 536 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

481 increased 399 reduced

Luxury & Affluent Consumer

net reduced positions

781 increased 698 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,720 increased 1,636 reduced

Identity Security

net reduced positions

393 increased 308 reduced

Crypto Exchanges

net reduced positions

242 increased 150 reduced

Casinos

net reduced positions

680 increased 587 reduced

Lithium & Battery Materials

net reduced positions

595 increased 500 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,208 increased 1,108 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,513 increased 1,411 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

594 increased 488 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

681 increased 575 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,442 increased 1,334 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

814 increased 679 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

555 increased 411 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,186 increased 1,037 reduced

Tobacco & Nicotine

net reduced positions

1,039 increased 890 reduced

Food Delivery

net reduced positions

675 increased 512 reduced

Carbon & Pollution Control

net reduced positions

760 increased 586 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,122 increased 948 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,275 increased 1,098 reduced

Hydrogen & Fuel Cells

net reduced positions

730 increased 546 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

732 increased 547 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,634 increased 2,446 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,318 increased 2,074 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,874 increased 1,593 reduced

LNG

net reduced positions

1,390 increased 1,052 reduced

Quantum Computing

net reduced positions

1,159 increased 748 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,603 increased 2,190 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,231 increased 778 reduced

Video Games & Esports

net reduced positions

2,483 increased 2,006 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,713 increased 1,208 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,719 increased 2,191 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,615 increased 1,082 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,492 increased 843 reduced