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

2,129 increased 3,153 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,621 increased 3,552 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,436 increased 3,255 reduced

Marketplaces

net reduced positions

2,890 increased 3,283 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,974 increased 3,334 reduced

Small Business Economy

net reduced positions

1,557 increased 1,897 reduced

SaaS & Enterprise Software

net reduced positions

2,972 increased 3,246 reduced

Lithium & Battery Materials

net reduced positions

311 increased 579 reduced

Digital Health & Telemedicine

net reduced positions

1,684 increased 1,911 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

1,930 increased 2,127 reduced

Pet Economy

net reduced positions

1,802 increased 1,979 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,590 increased 1,760 reduced

Health & Wellness

net reduced positions

1,533 increased 1,696 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,330 increased 1,486 reduced

Alcohol

net reduced positions

770 increased 913 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,901 increased 3,037 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

886 increased 1,005 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

836 increased 931 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

3,019 increased 3,107 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

1,014 increased 1,094 reduced

Analog & Power Semis

net reduced positions

1,313 increased 1,388 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,996 increased 2,063 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,354 increased 1,412 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

3,148 increased 3,204 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

888 increased 936 reduced

Video Games & Esports

net reduced positions

2,741 increased 2,783 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

484 increased 523 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,754 increased 1,788 reduced

Hydrogen & Fuel Cells

net reduced positions

758 increased 787 reduced

Immunotherapy & Oncology

net reduced positions

2,545 increased 2,572 reduced

Firearms

net reduced positions

200 increased 224 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,444 increased 2,468 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,322 increased 1,345 reduced

Energy Efficiency

net reduced positions

1,514 increased 1,537 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

52 increased 71 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

517 increased 536 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

692 increased 711 reduced

Identity Security

net reduced positions

429 increased 438 reduced

Quantum Computing

net reduced positions

1,317 increased 1,324 reduced

Infrastructure & Construction

Green Building

net reduced positions

179 increased 185 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

416 increased 418 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

763 increased 762 reduced

Cannabis

net reduced positions

357 increased 351 reduced

Future of Education

net reduced positions

568 increased 562 reduced

Luxury & Affluent Consumer

net reduced positions

731 increased 724 reduced

Artificial Intelligence

Chinese AI

net reduced positions

498 increased 490 reduced

Post-Quantum Cryptography

net reduced positions

19 increased 11 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,690 increased 1,677 reduced

Earth Observation

net reduced positions

92 increased 73 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,403 increased 2,379 reduced

Virtual & Augmented Reality

net reduced positions

86 increased 61 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,395 increased 1,366 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

2,070 increased 2,034 reduced

3D Printing & Additive Manufacturing

net reduced positions

614 increased 576 reduced

Cloud Computing

Edge Computing

net reduced positions

596 increased 558 reduced

Photonics & Optical Interconnect

net reduced positions

480 increased 440 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,416 increased 1,370 reduced

Water Infrastructure

net reduced positions

871 increased 817 reduced

Launch Services

net reduced positions

169 increased 110 reduced

Streaming & Digital Media

News Media

net reduced positions

538 increased 479 reduced

Sanitation

net reduced positions

480 increased 420 reduced

Internet of Things

Smart Home

net reduced positions

530 increased 470 reduced

Solar

net reduced positions

588 increased 527 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

318 increased 254 reduced

Medical Devices & Diagnostics

net reduced positions

2,617 increased 2,552 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

2,161 increased 2,092 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

966 increased 896 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,740 increased 1,652 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

903 increased 813 reduced

Stablecoin Infrastructure

net reduced positions

897 increased 805 reduced

Satellite Communications

net reduced positions

318 increased 225 reduced

Copper & Industrial Metals

net reduced positions

1,251 increased 1,156 reduced

Critical Minerals & Rare Earths

net reduced positions

408 increased 313 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

649 increased 543 reduced

Carbon & Pollution Control

net reduced positions

871 increased 763 reduced

Online Travel & Experiences

net reduced positions

1,121 increased 997 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

1,101 increased 977 reduced

Uranium Mining & Enrichment

net reduced positions

502 increased 378 reduced

Bitcoin Miners

net reduced positions

353 increased 225 reduced

Reshoring & American Manufacturing

net reduced positions

645 increased 514 reduced

Casinos

net reduced positions

767 increased 627 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

687 increased 547 reduced

Electrification & Grid

Grid Equipment

net reduced positions

1,259 increased 1,114 reduced

Longevity & Aging Population

net reduced positions

1,081 increased 935 reduced

Small Modular Reactors

net reduced positions

420 increased 268 reduced

Sports Betting & iGaming

net reduced positions

643 increased 491 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,892 increased 1,722 reduced

Tobacco & Nicotine

net reduced positions

1,321 increased 1,150 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

1,191 increased 1,018 reduced

Crypto Exchanges

net reduced positions

437 increased 261 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,297 increased 1,115 reduced

Wind

net reduced positions

827 increased 639 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

3,028 increased 2,835 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,803 increased 1,606 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

1,092 increased 885 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

1,081 increased 872 reduced

Oilfield Services

net reduced positions

1,177 increased 938 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,294 increased 1,048 reduced

Advanced Packaging

net reduced positions

1,216 increased 949 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,288 increased 1,012 reduced

LNG

net reduced positions

1,677 increased 1,399 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

2,250 increased 1,964 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,897 increased 1,607 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,825 increased 1,534 reduced

Corporate Crypto Treasuries

net reduced positions

626 increased 320 reduced

Agentic AI Security

net reduced positions

1,082 increased 748 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

2,555 increased 2,219 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,806 increased 1,464 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,881 increased 2,508 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

1,181 increased 778 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

1,042 increased 616 reduced

Semicap & Lithography

net reduced positions

1,631 increased 1,192 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

2,155 increased 1,607 reduced

Food Delivery

net reduced positions

1,251 increased 701 reduced