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

Immunotherapy & Oncology

net reduced positions

1,991 increased 2,703 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,236 increased 2,888 reduced

Internet of Things

Wearables

net reduced positions

2,074 increased 2,668 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,506 increased 3,060 reduced

Medical Devices & Diagnostics

net reduced positions

2,108 increased 2,658 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

1,956 increased 2,475 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,016 increased 2,507 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,463 increased 1,912 reduced

Pet Economy

net reduced positions

1,643 increased 2,013 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

716 increased 1,030 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,410 increased 1,722 reduced

Alcohol

net reduced positions

705 increased 1,013 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,705 increased 3,010 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,511 increased 2,809 reduced

Copper & Industrial Metals

net reduced positions

1,032 increased 1,322 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,334 increased 2,598 reduced

Marketplaces

net reduced positions

2,669 increased 2,908 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,474 increased 1,699 reduced

Online Travel & Experiences

net reduced positions

878 increased 1,099 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

803 increased 1,010 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,767 increased 1,971 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,212 increased 1,400 reduced

Luxury & Affluent Consumer

net reduced positions

597 increased 779 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,064 increased 1,245 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

412 increased 571 reduced

Solar

net reduced positions

504 increased 657 reduced

Analog & Power Semis

net reduced positions

1,211 increased 1,359 reduced

Carbon & Pollution Control

net reduced positions

716 increased 861 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,188 increased 1,331 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

599 increased 734 reduced

Future of Education

net reduced positions

476 increased 602 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

353 increased 469 reduced

Casinos

net reduced positions

627 increased 740 reduced

Firearms

net reduced positions

177 increased 289 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

1,870 increased 1,980 reduced

Energy Efficiency

net reduced positions

1,393 increased 1,494 reduced

Artificial Intelligence

Chinese AI

net reduced positions

404 increased 503 reduced

Longevity & Aging Population

net reduced positions

913 increased 1,010 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

876 increased 970 reduced

Lithium & Battery Materials

net reduced positions

404 increased 493 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

866 increased 952 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

788 increased 873 reduced

Health & Wellness

net reduced positions

1,462 increased 1,527 reduced

Cannabis

net reduced positions

314 increased 376 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

821 increased 883 reduced

Digital Health & Telemedicine

net reduced positions

1,637 increased 1,696 reduced

Infrastructure & Construction

Green Building

net reduced positions

153 increased 210 reduced

Stablecoin Infrastructure

net reduced positions

794 increased 851 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,836 increased 2,890 reduced

Water Infrastructure

net reduced positions

794 increased 843 reduced

Hydrogen & Fuel Cells

net reduced positions

689 increased 737 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

713 increased 757 reduced

3D Printing & Additive Manufacturing

net reduced positions

572 increased 613 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,855 increased 1,890 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,545 increased 1,574 reduced

Small Business Economy

net reduced positions

1,603 increased 1,623 reduced

Sports Betting & iGaming

net reduced positions

546 increased 565 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,316 increased 1,329 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

274 increased 285 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

556 increased 563 reduced

Oilfield Services

net reduced positions

997 increased 1,002 reduced

Streaming & Digital Media

News Media

net reduced positions

475 increased 475 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

1,001 increased 1,000 reduced

Critical Minerals & Rare Earths

net reduced positions

367 increased 363 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,588 increased 1,584 reduced

Post-Quantum Cryptography

net reduced positions

9 increased 5 reduced

Photonics & Optical Interconnect

net reduced positions

432 increased 426 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

519 increased 510 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

65 increased 54 reduced

Virtual & Augmented Reality

net reduced positions

75 increased 63 reduced

Earth Observation

net reduced positions

77 increased 60 reduced

Sanitation

net reduced positions

446 increased 429 reduced

Satellite Communications

net reduced positions

269 increased 244 reduced

Internet of Things

Smart Home

net reduced positions

501 increased 473 reduced

Cloud Computing

Edge Computing

net reduced positions

556 increased 522 reduced

Identity Security

net reduced positions

442 increased 403 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,203 increased 2,159 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,703 increased 2,656 reduced

Launch Services

net reduced positions

138 increased 86 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

886 increased 831 reduced

Wind

net reduced positions

675 increased 611 reduced

Uranium Mining & Enrichment

net reduced positions

438 increased 371 reduced

Advanced Packaging

net reduced positions

1,027 increased 959 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,334 increased 1,265 reduced

Quantum Computing

net reduced positions

1,243 increased 1,174 reduced

Tobacco & Nicotine

net reduced positions

1,150 increased 1,079 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,134 increased 1,059 reduced

SaaS & Enterprise Software

net reduced positions

2,859 increased 2,782 reduced

Electrification & Grid

Grid Equipment

net reduced positions

1,146 increased 1,060 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,346 increased 1,248 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

1,958 increased 1,856 reduced

Small Modular Reactors

net reduced positions

356 increased 253 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,673 increased 1,565 reduced

Reshoring & American Manufacturing

net reduced positions

599 increased 490 reduced

Crypto Exchanges

net reduced positions

375 increased 265 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

955 increased 835 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

933 increased 812 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

1,043 increased 910 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,823 increased 2,686 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

647 increased 498 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,523 increased 1,329 reduced

Bitcoin Miners

net reduced positions

362 increased 158 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

1,777 increased 1,560 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

1,996 increased 1,776 reduced

Semicap & Lithography

net reduced positions

1,457 increased 1,231 reduced

Agentic AI Security

net reduced positions

953 increased 724 reduced

Video Games & Esports

net reduced positions

2,605 increased 2,373 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,720 increased 1,483 reduced

Food Delivery

net reduced positions

1,020 increased 781 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

891 increased 647 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,584 increased 1,333 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,211 increased 946 reduced

Corporate Crypto Treasuries

net reduced positions

534 increased 254 reduced

LNG

net reduced positions

1,641 increased 1,242 reduced