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

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

1,861 increased 2,456 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,116 increased 2,342 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,207 increased 1,362 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,484 increased 2,620 reduced

Internet of Things

Wearables

net reduced positions

2,289 increased 2,423 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,045 increased 1,163 reduced

Immunotherapy & Oncology

net reduced positions

2,284 increased 2,397 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

404 increased 487 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,619 increased 2,697 reduced

Analog & Power Semis

net reduced positions

1,246 increased 1,320 reduced

Stablecoin Infrastructure

net reduced positions

732 increased 804 reduced

Artificial Intelligence

Chinese AI

net reduced positions

403 increased 467 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

963 increased 1,018 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,238 increased 1,287 reduced

Health & Wellness

net reduced positions

1,485 increased 1,531 reduced

Lithium & Battery Materials

net reduced positions

481 increased 526 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,303 increased 1,342 reduced

Carbon & Pollution Control

net reduced positions

750 increased 788 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

470 increased 505 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

837 increased 870 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

51 increased 69 reduced

Luxury & Affluent Consumer

net reduced positions

731 increased 746 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

540 increased 552 reduced

Solar

net reduced positions

590 increased 602 reduced

Photonics & Optical Interconnect

net reduced positions

401 increased 410 reduced

Virtual & Augmented Reality

net reduced positions

72 increased 78 reduced

Cloud Computing

Edge Computing

net reduced positions

527 increased 531 reduced

Satellite Communications

net reduced positions

239 increased 243 reduced

Critical Minerals & Rare Earths

net reduced positions

374 increased 377 reduced

Infrastructure & Construction

Green Building

net reduced positions

205 increased 208 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

952 increased 955 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,854 increased 1,856 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,551 increased 1,552 reduced

Tobacco & Nicotine

net reduced positions

1,059 increased 1,060 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,782 increased 2,782 reduced

Energy Efficiency

net reduced positions

1,410 increased 1,408 reduced

Post-Quantum Cryptography

net reduced positions

11 increased 9 reduced

Online Travel & Experiences

net reduced positions

981 increased 976 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,316 increased 1,310 reduced

Medical Devices & Diagnostics

net reduced positions

2,381 increased 2,374 reduced

Earth Observation

net reduced positions

70 increased 57 reduced

Semicap & Lithography

net reduced positions

1,382 increased 1,368 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

993 increased 978 reduced

Firearms

net reduced positions

264 increased 248 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

911 increased 893 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

987 increased 961 reduced

Hydrogen & Fuel Cells

net reduced positions

740 increased 711 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,561 increased 1,531 reduced

Future of Education

net reduced positions

552 increased 521 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

264 increased 232 reduced

3D Printing & Additive Manufacturing

net reduced positions

602 increased 568 reduced

Internet of Things

Smart Home

net reduced positions

481 increased 447 reduced

Alcohol

net reduced positions

905 increased 866 reduced

Streaming & Digital Media

News Media

net reduced positions

484 increased 444 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,526 increased 1,485 reduced

Launch Services

net reduced positions

95 increased 54 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

554 increased 510 reduced

Casinos

net reduced positions

712 increased 666 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,205 increased 1,154 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

706 increased 651 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,868 increased 1,812 reduced

Small Business Economy

net reduced positions

1,622 increased 1,558 reduced

Small Modular Reactors

net reduced positions

276 increased 211 reduced

Sanitation

net reduced positions

481 increased 415 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

535 increased 466 reduced

Cannabis

net reduced positions

393 increased 323 reduced

Pet Economy

net reduced positions

1,857 increased 1,787 reduced

Identity Security

net reduced positions

425 increased 351 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

930 increased 851 reduced

Reshoring & American Manufacturing

net reduced positions

554 increased 471 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

880 increased 790 reduced

Oilfield Services

net reduced positions

1,061 increased 971 reduced

Longevity & Aging Population

net reduced positions

993 increased 901 reduced

Sports Betting & iGaming

net reduced positions

581 increased 489 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

741 increased 648 reduced

Bitcoin Miners

net reduced positions

249 increased 154 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

934 increased 832 reduced

Water Infrastructure

net reduced positions

874 increased 768 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

854 increased 745 reduced

Crypto Exchanges

net reduced positions

378 increased 265 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,593 increased 1,478 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,911 increased 1,796 reduced

Video Games & Esports

net reduced positions

2,532 increased 2,414 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

926 increased 803 reduced

Uranium Mining & Enrichment

net reduced positions

453 increased 328 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,329 increased 1,185 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,770 increased 1,622 reduced

Corporate Crypto Treasuries

net reduced positions

391 increased 234 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,961 increased 1,799 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,353 increased 1,181 reduced

Advanced Packaging

net reduced positions

989 increased 809 reduced

Copper & Industrial Metals

net reduced positions

1,303 increased 1,121 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,791 increased 2,606 reduced

Quantum Computing

net reduced positions

1,222 increased 1,023 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,599 increased 2,386 reduced

Wind

net reduced positions

257 increased 40 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,870 increased 2,643 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

3,011 increased 2,737 reduced

LNG

net reduced positions

1,542 increased 1,261 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

863 increased 570 reduced

Food Delivery

net reduced positions

982 increased 681 reduced

Agentic AI Security

net reduced positions

906 increased 596 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,686 increased 1,339 reduced

SaaS & Enterprise Software

net reduced positions

2,991 increased 2,611 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

868 increased 482 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

2,413 increased 1,972 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

3,069 increased 2,619 reduced

Marketplaces

net reduced positions

2,995 increased 2,539 reduced

Digital Health & Telemedicine

net reduced positions

1,922 increased 1,387 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,666 increased 1,101 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,906 increased 1,272 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

2,062 increased 1,392 reduced

Electrification & Grid

Grid Equipment

net reduced positions

1,315 increased 623 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,837 increased 986 reduced