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

2,082 increased 2,689 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,301 increased 2,865 reduced

Reshoring & American Manufacturing

net reduced positions

395 increased 773 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,652 increased 2,954 reduced

Water Infrastructure

net reduced positions

692 increased 992 reduced

Health & Wellness

net reduced positions

1,391 increased 1,590 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,222 increased 1,418 reduced

Online Travel & Experiences

net reduced positions

898 increased 1,057 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

443 increased 590 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,201 increased 1,339 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

773 increased 911 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,222 increased 1,320 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

399 increased 489 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

848 increased 914 reduced

Copper & Industrial Metals

net reduced positions

1,191 increased 1,254 reduced

Analog & Power Semis

net reduced positions

1,274 increased 1,327 reduced

Stablecoin Infrastructure

net reduced positions

748 increased 801 reduced

Firearms

net reduced positions

216 increased 266 reduced

Future of Education

net reduced positions

517 increased 564 reduced

Streaming & Digital Media

News Media

net reduced positions

455 increased 499 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,290 increased 1,333 reduced

Photonics & Optical Interconnect

net reduced positions

395 increased 436 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,590 increased 1,627 reduced

Hydrogen & Fuel Cells

net reduced positions

684 increased 719 reduced

Solar

net reduced positions

593 increased 621 reduced

Cannabis

net reduced positions

361 increased 383 reduced

Infrastructure & Construction

Green Building

net reduced positions

187 increased 208 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

663 increased 683 reduced

Virtual & Augmented Reality

net reduced positions

61 increased 81 reduced

Artificial Intelligence

Chinese AI

net reduced positions

431 increased 449 reduced

Medical Devices & Diagnostics

net reduced positions

2,371 increased 2,382 reduced

Semicap & Lithography

net reduced positions

1,375 increased 1,386 reduced

Post-Quantum Cryptography

net reduced positions

3 increased 13 reduced

Wind

net reduced positions

578 increased 580 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

511 increased 512 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,885 increased 1,884 reduced

Lithium & Battery Materials

net reduced positions

492 increased 490 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

58 increased 54 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,862 increased 1,857 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

947 increased 940 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,883 increased 1,876 reduced

Small Business Economy

net reduced positions

1,609 increased 1,598 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,550 increased 1,537 reduced

Launch Services

net reduced positions

90 increased 75 reduced

Tobacco & Nicotine

net reduced positions

1,101 increased 1,085 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

279 increased 262 reduced

Satellite Communications

net reduced positions

257 increased 238 reduced

Carbon & Pollution Control

net reduced positions

794 increased 772 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,879 increased 1,856 reduced

Alcohol

net reduced positions

886 increased 859 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

862 increased 834 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

549 increased 521 reduced

Critical Minerals & Rare Earths

net reduced positions

384 increased 354 reduced

Digital Health & Telemedicine

net reduced positions

1,685 increased 1,655 reduced

Marketplaces

net reduced positions

2,793 increased 2,762 reduced

Pet Economy

net reduced positions

1,846 increased 1,813 reduced

Quantum Computing

net reduced positions

1,154 increased 1,120 reduced

Earth Observation

net reduced positions

82 increased 46 reduced

Luxury & Affluent Consumer

net reduced positions

737 increased 698 reduced

Internet of Things

Smart Home

net reduced positions

494 increased 452 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,336 increased 1,286 reduced

3D Printing & Additive Manufacturing

net reduced positions

615 increased 564 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,211 increased 1,160 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,739 increased 1,687 reduced

Identity Security

net reduced positions

438 increased 386 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

543 increased 489 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

957 increased 902 reduced

Oilfield Services

net reduced positions

1,038 increased 982 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

994 increased 935 reduced

Crypto Exchanges

net reduced positions

333 increased 272 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

1,026 increased 965 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,313 increased 1,248 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,521 increased 2,453 reduced

Casinos

net reduced positions

722 increased 652 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,711 increased 2,641 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,049 increased 977 reduced

Electrification & Grid

Grid Equipment

net reduced positions

1,093 increased 1,021 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

939 increased 862 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

959 increased 877 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

853 increased 770 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,739 increased 2,656 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,891 increased 2,805 reduced

Sanitation

net reduced positions

486 increased 397 reduced

Sports Betting & iGaming

net reduced positions

587 increased 498 reduced

Cloud Computing

Edge Computing

net reduced positions

583 increased 485 reduced

Uranium Mining & Enrichment

net reduced positions

437 increased 338 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

772 increased 665 reduced

Energy Efficiency

net reduced positions

1,489 increased 1,366 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,616 increased 1,492 reduced

Small Modular Reactors

net reduced positions

332 increased 205 reduced

Bitcoin Miners

net reduced positions

303 increased 175 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

2,276 increased 2,138 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,944 increased 2,802 reduced

Immunotherapy & Oncology

net reduced positions

2,407 increased 2,261 reduced

Longevity & Aging Population

net reduced positions

1,020 increased 873 reduced

Advanced Packaging

net reduced positions

1,045 increased 894 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,647 increased 1,478 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,344 increased 2,163 reduced

Corporate Crypto Treasuries

net reduced positions

426 increased 243 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,655 increased 1,466 reduced

LNG

net reduced positions

1,508 increased 1,315 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,233 increased 1,030 reduced

Agentic AI Security

net reduced positions

896 increased 688 reduced

Video Games & Esports

net reduced positions

2,616 increased 2,389 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,918 increased 1,687 reduced

SaaS & Enterprise Software

net reduced positions

2,967 increased 2,699 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,532 increased 1,257 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

877 increased 601 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,902 increased 2,623 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

931 increased 598 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,725 increased 1,378 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,693 increased 1,335 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,329 increased 1,970 reduced

Food Delivery

net reduced positions

1,084 increased 689 reduced