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

1,781 increased 2,261 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,060 increased 2,397 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,338 increased 2,589 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,027 increased 2,268 reduced

Artificial Intelligence

Chinese AI

net reduced positions

361 increased 548 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,915 increased 2,094 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

621 increased 797 reduced

Marketplaces

net reduced positions

2,332 increased 2,490 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,433 increased 2,588 reduced

Advanced Packaging

net reduced positions

542 increased 690 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

647 increased 783 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,438 increased 2,573 reduced

3D Printing & Additive Manufacturing

net reduced positions

460 increased 579 reduced

Online Travel & Experiences

net reduced positions

769 increased 888 reduced

Identity Security

net reduced positions

293 increased 389 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

771 increased 860 reduced

Future of Education

net reduced positions

441 increased 519 reduced

Semicap & Lithography

net reduced positions

967 increased 1,040 reduced

Reuse, Repair & Circular Economy

net reduced positions

988 increased 1,058 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,457 increased 1,526 reduced

Reshoring & American Manufacturing

net reduced positions

325 increased 394 reduced

Firearms

net reduced positions

236 increased 299 reduced

Immunotherapy & Oncology

net reduced positions

2,108 increased 2,169 reduced

Sports Betting & iGaming

net reduced positions

390 increased 443 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

458 increased 510 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

339 increased 391 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,093 increased 1,140 reduced

Crypto Exchanges

net reduced positions

183 increased 216 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,353 increased 1,385 reduced

Longevity & Aging Population

net reduced positions

855 increased 887 reduced

Alcohol

net reduced positions

824 increased 842 reduced

Copper & Industrial Metals

net reduced positions

1,017 increased 1,028 reduced

Food Delivery

net reduced positions

559 increased 570 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

344 increased 354 reduced

Medical Devices & Diagnostics

net reduced positions

2,161 increased 2,169 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

450 increased 456 reduced

Cloud Computing

Edge Computing

net reduced positions

490 increased 495 reduced

Infrastructure & Construction

Green Building

net reduced positions

177 increased 182 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,564 increased 1,568 reduced

Post-Quantum Cryptography

net reduced positions

11 increased 11 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,854 increased 1,852 reduced

Water Infrastructure

net reduced positions

655 increased 653 reduced

Digital Health & Telemedicine

net reduced positions

1,477 increased 1,474 reduced

Corporate Crypto Treasuries

net reduced positions

199 increased 195 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

543 increased 539 reduced

Earth Observation

net reduced positions

59 increased 53 reduced

Streaming & Digital Media

News Media

net reduced positions

473 increased 467 reduced

Wind

net reduced positions

120 increased 112 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

89 increased 80 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

219 increased 209 reduced

Launch Services

net reduced positions

138 increased 125 reduced

Satellite Communications

net reduced positions

216 increased 200 reduced

Small Modular Reactors

net reduced positions

172 increased 156 reduced

Virtual & Augmented Reality

net reduced positions

97 increased 79 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

493 increased 473 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

668 increased 645 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,225 increased 1,198 reduced

Luxury & Affluent Consumer

net reduced positions

724 increased 696 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

642 increased 614 reduced

Solar

net reduced positions

602 increased 572 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,082 increased 1,051 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

642 increased 611 reduced

Photonics & Optical Interconnect

net reduced positions

422 increased 389 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,103 increased 1,068 reduced

Cannabis

net reduced positions

401 increased 365 reduced

Stablecoin Infrastructure

net reduced positions

891 increased 854 reduced

Bitcoin Miners

net reduced positions

177 increased 139 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,662 increased 1,624 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,884 increased 1,844 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

462 increased 422 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,206 increased 1,162 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,690 increased 1,641 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

804 increased 754 reduced

Sanitation

net reduced positions

351 increased 301 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

819 increased 768 reduced

Uranium Mining & Enrichment

net reduced positions

260 increased 205 reduced

Casinos

net reduced positions

629 increased 570 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,193 increased 1,134 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

693 increased 633 reduced

Energy Efficiency

net reduced positions

1,233 increased 1,169 reduced

Small Business Economy

net reduced positions

1,401 increased 1,337 reduced

Agentic AI Security

net reduced positions

547 increased 482 reduced

Electrification & Grid

Grid Equipment

net reduced positions

643 increased 569 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

899 increased 825 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

798 increased 721 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,381 increased 1,303 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,450 increased 1,371 reduced

Internet of Things

Smart Home

net reduced positions

514 increased 434 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

772 increased 685 reduced

Oilfield Services

net reduced positions

905 increased 806 reduced

Pet Economy

net reduced positions

1,664 increased 1,559 reduced

Carbon & Pollution Control

net reduced positions

748 increased 641 reduced

Lithium & Battery Materials

net reduced positions

616 increased 503 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,245 increased 1,128 reduced

Critical Minerals & Rare Earths

net reduced positions

421 increased 300 reduced

LNG

net reduced positions

1,286 increased 1,162 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,304 increased 1,167 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,470 increased 1,317 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,431 increased 2,267 reduced

SaaS & Enterprise Software

net reduced positions

2,600 increased 2,432 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,231 increased 1,062 reduced

Tobacco & Nicotine

net reduced positions

1,025 increased 848 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,068 increased 861 reduced

Analog & Power Semis

net reduced positions

1,293 increased 1,058 reduced

Hydrogen & Fuel Cells

net reduced positions

763 increased 519 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,548 increased 2,291 reduced

Quantum Computing

net reduced positions

1,076 increased 804 reduced

Video Games & Esports

net reduced positions

2,348 increased 2,064 reduced

Health & Wellness

net reduced positions

1,517 increased 1,213 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,614 increased 1,295 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,332 increased 986 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,487 increased 1,131 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,904 increased 1,484 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,396 increased 1,968 reduced