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

1,794 increased 2,409 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,731 increased 2,206 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,343 increased 2,786 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,125 increased 2,533 reduced

Immunotherapy & Oncology

net reduced positions

2,104 increased 2,354 reduced

Pet Economy

net reduced positions

1,555 increased 1,805 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

1,984 increased 2,192 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

942 increased 1,072 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

687 increased 786 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,165 increased 1,248 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,682 increased 1,760 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

528 increased 601 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,025 increased 1,095 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,379 increased 1,446 reduced

Video Games & Esports

net reduced positions

2,246 increased 2,313 reduced

3D Printing & Additive Manufacturing

net reduced positions

496 increased 558 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,577 increased 1,635 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,219 increased 1,276 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

694 increased 750 reduced

Longevity & Aging Population

net reduced positions

866 increased 921 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

699 increased 752 reduced

Small Business Economy

net reduced positions

1,391 increased 1,444 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

374 increased 420 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,928 increased 1,970 reduced

Cloud Computing

Edge Computing

net reduced positions

477 increased 513 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

660 increased 692 reduced

Streaming & Digital Media

News Media

net reduced positions

455 increased 483 reduced

Firearms

net reduced positions

254 increased 275 reduced

Launch Services

net reduced positions

118 increased 137 reduced

Alcohol

net reduced positions

844 increased 861 reduced

Cannabis

net reduced positions

338 increased 354 reduced

Electrification & Grid

Grid Equipment

net reduced positions

660 increased 676 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

54 increased 70 reduced

Luxury & Affluent Consumer

net reduced positions

741 increased 755 reduced

Online Travel & Experiences

net reduced positions

805 increased 819 reduced

Crypto Exchanges

net reduced positions

166 increased 178 reduced

Virtual & Augmented Reality

net reduced positions

81 increased 92 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

389 increased 393 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

684 increased 687 reduced

Infrastructure & Construction

Green Building

net reduced positions

170 increased 170 reduced

Stablecoin Infrastructure

net reduced positions

829 increased 829 reduced

Casinos

net reduced positions

639 increased 638 reduced

Reshoring & American Manufacturing

net reduced positions

410 increased 409 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,167 increased 1,166 reduced

Post-Quantum Cryptography

net reduced positions

14 increased 12 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

844 increased 841 reduced

Future of Education

net reduced positions

486 increased 480 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

494 increased 488 reduced

Sports Betting & iGaming

net reduced positions

407 increased 401 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

426 increased 413 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

929 increased 916 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

221 increased 206 reduced

LNG

net reduced positions

1,286 increased 1,271 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,510 increased 1,490 reduced

Satellite Communications

net reduced positions

239 increased 219 reduced

Internet of Things

Smart Home

net reduced positions

457 increased 435 reduced

Corporate Crypto Treasuries

net reduced positions

202 increased 176 reduced

Health & Wellness

net reduced positions

1,427 increased 1,399 reduced

Earth Observation

net reduced positions

81 increased 48 reduced

Small Modular Reactors

net reduced positions

191 increased 157 reduced

Bitcoin Miners

net reduced positions

140 increased 105 reduced

Artificial Intelligence

Chinese AI

net reduced positions

466 increased 429 reduced

Wind

net reduced positions

134 increased 96 reduced

Semicap & Lithography

net reduced positions

1,077 increased 1,038 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,622 increased 1,581 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

650 increased 609 reduced

Photonics & Optical Interconnect

net reduced positions

430 increased 386 reduced

Marketplaces

net reduced positions

2,553 increased 2,508 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

794 increased 748 reduced

Carbon & Pollution Control

net reduced positions

739 increased 685 reduced

Solar

net reduced positions

663 increased 609 reduced

Energy Efficiency

net reduced positions

1,296 increased 1,236 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

871 increased 809 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

504 increased 440 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,346 increased 2,278 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

522 increased 453 reduced

Identity Security

net reduced positions

373 increased 303 reduced

Sanitation

net reduced positions

389 increased 316 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,354 increased 1,280 reduced

Oilfield Services

net reduced positions

984 increased 909 reduced

Critical Minerals & Rare Earths

net reduced positions

403 increased 319 reduced

Uranium Mining & Enrichment

net reduced positions

289 increased 204 reduced

Water Infrastructure

net reduced positions

740 increased 642 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,032 increased 924 reduced

Digital Health & Telemedicine

net reduced positions

1,582 increased 1,471 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,491 increased 1,379 reduced

Advanced Packaging

net reduced positions

697 increased 584 reduced

Agentic AI Security

net reduced positions

592 increased 467 reduced

Food Delivery

net reduced positions

646 increased 518 reduced

Hydrogen & Fuel Cells

net reduced positions

757 increased 629 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,324 increased 1,194 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,678 increased 2,548 reduced

Copper & Industrial Metals

net reduced positions

1,138 increased 1,006 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,297 increased 1,161 reduced

Lithium & Battery Materials

net reduced positions

663 increased 518 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,537 increased 1,387 reduced

Quantum Computing

net reduced positions

1,059 increased 899 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

914 increased 739 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,148 increased 956 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

910 increased 716 reduced

SaaS & Enterprise Software

net reduced positions

2,681 increased 2,483 reduced

Analog & Power Semis

net reduced positions

1,326 increased 1,125 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,330 increased 1,105 reduced

Tobacco & Nicotine

net reduced positions

1,103 increased 870 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,426 increased 2,058 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,786 increased 2,413 reduced

Medical Devices & Diagnostics

net reduced positions

2,443 increased 2,065 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,632 increased 1,246 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,720 increased 2,325 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,927 increased 1,501 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,328 increased 859 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,928 increased 1,447 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,539 increased 1,032 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,683 increased 2,132 reduced