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

1,626 increased 2,397 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,058 increased 2,815 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

1,884 increased 2,577 reduced

Marketplaces

net reduced positions

2,064 increased 2,733 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

762 increased 1,352 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,211 increased 2,759 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,072 increased 2,571 reduced

Stablecoin Infrastructure

net reduced positions

603 increased 1,087 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,258 increased 2,686 reduced

Artificial Intelligence

Agentic AI

net reduced positions

829 increased 1,204 reduced

SaaS & Enterprise Software

net reduced positions

2,296 increased 2,623 reduced

Online Travel & Experiences

net reduced positions

657 increased 934 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,259 increased 2,526 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,074 increased 1,318 reduced

Medical Devices & Diagnostics

net reduced positions

2,040 increased 2,281 reduced

Video Games & Esports

net reduced positions

2,057 increased 2,297 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,465 increased 1,662 reduced

Pet Economy

net reduced positions

1,508 increased 1,705 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,901 increased 2,094 reduced

Artificial Intelligence

Chinese AI

net reduced positions

331 increased 521 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

540 increased 719 reduced

Small Business Economy

net reduced positions

1,278 increased 1,450 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

608 increased 779 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

632 increased 773 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,146 increased 1,279 reduced

Semicap & Lithography

net reduced positions

936 increased 1,061 reduced

Health & Wellness

net reduced positions

1,304 increased 1,427 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,207 increased 1,327 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,586 increased 1,690 reduced

3D Printing & Additive Manufacturing

net reduced positions

456 increased 559 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

426 increased 524 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

911 increased 1,008 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

426 increased 520 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

776 increased 866 reduced

Food Delivery

net reduced positions

518 increased 607 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,827 increased 1,915 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,068 increased 1,155 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,118 increased 1,198 reduced

Advanced Packaging

net reduced positions

573 increased 649 reduced

Carbon & Pollution Control

net reduced positions

656 increased 732 reduced

Firearms

net reduced positions

216 increased 292 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,590 increased 1,663 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

725 increased 796 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,070 increased 2,138 reduced

Photonics & Optical Interconnect

net reduced positions

360 increased 422 reduced

Sports Betting & iGaming

net reduced positions

385 increased 447 reduced

Internet of Things

Smart Home

net reduced positions

412 increased 472 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

504 increased 562 reduced

Identity Security

net reduced positions

295 increased 343 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

341 increased 387 reduced

Digital Health & Telemedicine

net reduced positions

1,451 increased 1,490 reduced

Satellite Communications

net reduced positions

200 increased 237 reduced

Future of Education

net reduced positions

465 increased 499 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

613 increased 647 reduced

Lithium & Battery Materials

net reduced positions

534 increased 567 reduced

Crypto Exchanges

net reduced positions

167 increased 195 reduced

Bitcoin Miners

net reduced positions

122 increased 149 reduced

Luxury & Affluent Consumer

net reduced positions

699 increased 725 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,625 increased 1,649 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

750 increased 771 reduced

Cannabis

net reduced positions

351 increased 370 reduced

Casinos

net reduced positions

591 increased 610 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

55 increased 72 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

206 increased 222 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

368 increased 383 reduced

Sanitation

net reduced positions

332 increased 345 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,336 increased 1,345 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

423 increased 430 reduced

Water Infrastructure

net reduced positions

664 increased 666 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

487 increased 488 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,017 increased 1,018 reduced

Virtual & Augmented Reality

net reduced positions

89 increased 90 reduced

Cloud Computing

Edge Computing

net reduced positions

481 increased 481 reduced

Hydrogen & Fuel Cells

net reduced positions

665 increased 664 reduced

Wind

net reduced positions

112 increased 111 reduced

Critical Minerals & Rare Earths

net reduced positions

358 increased 354 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,187 increased 1,183 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

863 increased 856 reduced

Copper & Industrial Metals

net reduced positions

1,019 increased 1,011 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,418 increased 1,409 reduced

Post-Quantum Cryptography

net reduced positions

18 increased 8 reduced

Alcohol

net reduced positions

843 increased 832 reduced

Solar

net reduced positions

622 increased 611 reduced

Infrastructure & Construction

Green Building

net reduced positions

179 increased 167 reduced

Earth Observation

net reduced positions

66 increased 51 reduced

Launch Services

net reduced positions

134 increased 119 reduced

Longevity & Aging Population

net reduced positions

886 increased 870 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

688 increased 668 reduced

Uranium Mining & Enrichment

net reduced positions

249 increased 227 reduced

Streaming & Digital Media

News Media

net reduced positions

475 increased 450 reduced

Energy Efficiency

net reduced positions

1,218 increased 1,192 reduced

Corporate Crypto Treasuries

net reduced positions

205 increased 175 reduced

Electrification & Grid

Grid Equipment

net reduced positions

638 increased 607 reduced

LNG

net reduced positions

1,260 increased 1,228 reduced

Quantum Computing

net reduced positions

947 increased 911 reduced

Agentic AI Security

net reduced positions

528 increased 489 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,267 increased 1,228 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,533 increased 1,478 reduced

Oilfield Services

net reduced positions

905 increased 848 reduced

Reshoring & American Manufacturing

net reduced positions

402 increased 342 reduced

Immunotherapy & Oncology

net reduced positions

2,163 increased 2,098 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,431 increased 1,362 reduced

Small Modular Reactors

net reduced positions

207 increased 138 reduced

Analog & Power Semis

net reduced positions

1,219 increased 1,134 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

693 increased 607 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,434 increased 1,344 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,209 increased 1,116 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

823 increased 721 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

836 increased 732 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,138 increased 1,010 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,445 increased 1,296 reduced

Tobacco & Nicotine

net reduced positions

1,017 increased 866 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,942 increased 1,770 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,319 increased 2,088 reduced