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

2,041 increased 2,627 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,310 increased 2,772 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,623 increased 2,917 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,781 increased 1,963 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

804 increased 983 reduced

Video Games & Esports

net reduced positions

2,402 increased 2,561 reduced

Immunotherapy & Oncology

net reduced positions

2,270 increased 2,413 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

997 increased 1,121 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,502 increased 2,618 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

860 increased 963 reduced

Stablecoin Infrastructure

net reduced positions

727 increased 830 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,843 increased 1,939 reduced

Marketplaces

net reduced positions

2,722 increased 2,809 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,796 increased 1,876 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,791 increased 2,866 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

520 increased 590 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

439 increased 504 reduced

Copper & Industrial Metals

net reduced positions

1,155 increased 1,214 reduced

Infrastructure & Construction

Green Building

net reduced positions

167 increased 226 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,630 increased 1,687 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,442 increased 1,494 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,815 increased 2,864 reduced

Small Business Economy

net reduced positions

1,567 increased 1,613 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

856 increased 901 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,269 increased 1,312 reduced

Lithium & Battery Materials

net reduced positions

528 increased 571 reduced

Reshoring & American Manufacturing

net reduced positions

467 increased 505 reduced

Tobacco & Nicotine

net reduced positions

1,045 increased 1,082 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,309 increased 1,341 reduced

Cloud Computing

Edge Computing

net reduced positions

528 increased 560 reduced

Firearms

net reduced positions

225 increased 256 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,208 increased 2,238 reduced

Electrification & Grid

Grid Equipment

net reduced positions

796 increased 825 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

448 increased 477 reduced

Virtual & Augmented Reality

net reduced positions

71 increased 96 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

873 increased 895 reduced

Crypto Exchanges

net reduced positions

282 increased 303 reduced

Longevity & Aging Population

net reduced positions

924 increased 945 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

450 increased 467 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

979 increased 996 reduced

3D Printing & Additive Manufacturing

net reduced positions

567 increased 583 reduced

Energy Efficiency

net reduced positions

1,383 increased 1,399 reduced

Future of Education

net reduced positions

513 increased 529 reduced

Photonics & Optical Interconnect

net reduced positions

380 increased 394 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,332 increased 1,344 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

242 increased 251 reduced

Semicap & Lithography

net reduced positions

1,308 increased 1,315 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,518 increased 1,524 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,301 increased 1,307 reduced

Post-Quantum Cryptography

net reduced positions

9 increased 13 reduced

Streaming & Digital Media

News Media

net reduced positions

459 increased 461 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,163 increased 1,165 reduced

Online Travel & Experiences

net reduced positions

967 increased 968 reduced

Pet Economy

net reduced positions

1,806 increased 1,805 reduced

Earth Observation

net reduced positions

63 increased 59 reduced

Advanced Packaging

net reduced positions

792 increased 787 reduced

Analog & Power Semis

net reduced positions

1,290 increased 1,281 reduced

Cannabis

net reduced positions

378 increased 368 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

680 increased 669 reduced

Small Modular Reactors

net reduced positions

230 increased 219 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,847 increased 1,835 reduced

Health & Wellness

net reduced positions

1,505 increased 1,485 reduced

Sanitation

net reduced positions

422 increased 401 reduced

Alcohol

net reduced positions

906 increased 884 reduced

Wind

net reduced positions

115 increased 92 reduced

Internet of Things

Smart Home

net reduced positions

470 increased 446 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

777 increased 752 reduced

Carbon & Pollution Control

net reduced positions

751 increased 725 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

78 increased 52 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,573 increased 1,544 reduced

Launch Services

net reduced positions

92 increased 60 reduced

Quantum Computing

net reduced positions

1,143 increased 1,109 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

718 increased 677 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,006 increased 962 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

875 increased 821 reduced

Identity Security

net reduced positions

395 increased 340 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

893 increased 833 reduced

Critical Minerals & Rare Earths

net reduced positions

397 increased 336 reduced

Bitcoin Miners

net reduced positions

205 increased 140 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

544 increased 479 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,585 increased 1,516 reduced

Hydrogen & Fuel Cells

net reduced positions

758 increased 686 reduced

Uranium Mining & Enrichment

net reduced positions

394 increased 321 reduced

Oilfield Services

net reduced positions

1,072 increased 997 reduced

Luxury & Affluent Consumer

net reduced positions

779 increased 702 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

863 increased 783 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

726 increased 645 reduced

SaaS & Enterprise Software

net reduced positions

2,844 increased 2,757 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,302 increased 1,213 reduced

Food Delivery

net reduced positions

817 increased 727 reduced

Casinos

net reduced positions

721 increased 630 reduced

Artificial Intelligence

Chinese AI

net reduced positions

498 increased 405 reduced

Water Infrastructure

net reduced positions

832 increased 739 reduced

Sports Betting & iGaming

net reduced positions

558 increased 457 reduced

LNG

net reduced positions

1,440 increased 1,336 reduced

Corporate Crypto Treasuries

net reduced positions

317 increased 208 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,287 increased 1,176 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

946 increased 829 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,607 increased 1,483 reduced

Satellite Communications

net reduced positions

311 increased 166 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,815 increased 2,660 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,428 increased 1,270 reduced

Solar

net reduced positions

679 increased 518 reduced

Medical Devices & Diagnostics

net reduced positions

2,461 increased 2,259 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,438 increased 1,235 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,220 increased 2,004 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,817 increased 1,598 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

734 increased 499 reduced

Agentic AI Security

net reduced positions

863 increased 600 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,614 increased 1,349 reduced

Digital Health & Telemedicine

net reduced positions

1,790 increased 1,463 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

2,416 increased 1,904 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,909 increased 2,388 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,732 increased 2,189 reduced