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

2,295 increased 2,948 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,573 increased 3,073 reduced

Immunotherapy & Oncology

net reduced positions

2,371 increased 2,700 reduced

Pet Economy

net reduced positions

1,672 increased 1,977 reduced

Copper & Industrial Metals

net reduced positions

1,118 increased 1,300 reduced

Digital Health & Telemedicine

net reduced positions

1,581 increased 1,755 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

3,010 increased 3,178 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,591 increased 2,739 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

986 increased 1,128 reduced

Alcohol

net reduced positions

732 increased 862 reduced

Oilfield Services

net reduced positions

985 increased 1,104 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,348 increased 1,463 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,334 increased 1,449 reduced

Hydrogen & Fuel Cells

net reduced positions

722 increased 795 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

877 increased 937 reduced

Water Infrastructure

net reduced positions

868 increased 918 reduced

Artificial Intelligence

Chinese AI

net reduced positions

483 increased 530 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,148 increased 1,191 reduced

Lithium & Battery Materials

net reduced positions

396 increased 438 reduced

Video Games & Esports

net reduced positions

2,745 increased 2,778 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

485 increased 517 reduced

Online Travel & Experiences

net reduced positions

1,062 increased 1,094 reduced

Luxury & Affluent Consumer

net reduced positions

722 increased 752 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

397 increased 423 reduced

Reshoring & American Manufacturing

net reduced positions

624 increased 648 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

697 increased 719 reduced

Solar

net reduced positions

546 increased 560 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

3,146 increased 3,156 reduced

Casinos

net reduced positions

693 increased 692 reduced

3D Printing & Additive Manufacturing

net reduced positions

595 increased 591 reduced

Analog & Power Semis

net reduced positions

1,357 increased 1,351 reduced

Post-Quantum Cryptography

net reduced positions

26 increased 16 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

72 increased 53 reduced

Virtual & Augmented Reality

net reduced positions

82 increased 63 reduced

Satellite Communications

net reduced positions

291 increased 269 reduced

Small Modular Reactors

net reduced positions

395 increased 373 reduced

Infrastructure & Construction

Green Building

net reduced positions

188 increased 161 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,378 increased 1,347 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,668 increased 1,637 reduced

Firearms

net reduced positions

209 increased 177 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,448 increased 2,416 reduced

Sanitation

net reduced positions

488 increased 450 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,741 increased 1,701 reduced

Earth Observation

net reduced positions

121 increased 76 reduced

Cannabis

net reduced positions

344 increased 298 reduced

Cloud Computing

Edge Computing

net reduced positions

603 increased 556 reduced

Launch Services

net reduced positions

172 increased 124 reduced

Uranium Mining & Enrichment

net reduced positions

478 increased 429 reduced

Marketplaces

net reduced positions

3,111 increased 3,059 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

967 increased 915 reduced

Future of Education

net reduced positions

610 increased 556 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

919 increased 865 reduced

Streaming & Digital Media

News Media

net reduced positions

574 increased 520 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,261 increased 1,207 reduced

Energy Efficiency

net reduced positions

1,556 increased 1,501 reduced

Health & Wellness

net reduced positions

1,667 increased 1,601 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

326 increased 256 reduced

Sports Betting & iGaming

net reduced positions

617 increased 545 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

667 increased 576 reduced

Medical Devices & Diagnostics

net reduced positions

2,633 increased 2,539 reduced

LNG

net reduced positions

1,562 increased 1,462 reduced

Identity Security

net reduced positions

514 increased 409 reduced

Internet of Things

Smart Home

net reduced positions

558 increased 452 reduced

Critical Minerals & Rare Earths

net reduced positions

434 increased 327 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

585 increased 477 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,775 increased 1,661 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

694 increased 576 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,788 increased 1,660 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,506 increased 1,378 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

1,100 increased 970 reduced

Stablecoin Infrastructure

net reduced positions

917 increased 784 reduced

Carbon & Pollution Control

net reduced positions

887 increased 741 reduced

Crypto Exchanges

net reduced positions

455 increased 305 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

846 increased 693 reduced

Bitcoin Miners

net reduced positions

380 increased 223 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

965 increased 803 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

1,122 increased 959 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

1,030 increased 860 reduced

Longevity & Aging Population

net reduced positions

1,109 increased 939 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

1,142 increased 962 reduced

Photonics & Optical Interconnect

net reduced positions

565 increased 380 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

2,079 increased 1,885 reduced

Small Business Economy

net reduced positions

1,834 increased 1,638 reduced

Quantum Computing

net reduced positions

1,466 increased 1,269 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,502 increased 1,282 reduced

Tobacco & Nicotine

net reduced positions

1,434 increased 1,200 reduced

Wind

net reduced positions

900 increased 662 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

2,147 increased 1,908 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

1,162 increased 920 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

2,481 increased 2,225 reduced

Agentic AI Security

net reduced positions

1,086 increased 781 reduced

Corporate Crypto Treasuries

net reduced positions

662 increased 336 reduced

Semicap & Lithography

net reduced positions

1,637 increased 1,270 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

1,136 increased 765 reduced

Advanced Packaging

net reduced positions

1,306 increased 918 reduced

Food Delivery

net reduced positions

1,318 increased 892 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,428 increased 982 reduced

Electrification & Grid

Grid Equipment

net reduced positions

1,456 increased 997 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

3,283 increased 2,816 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

2,316 increased 1,836 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,971 increased 1,480 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

1,472 increased 954 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

2,132 increased 1,603 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

2,090 increased 1,544 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

2,379 increased 1,817 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

3,246 increased 2,673 reduced

SaaS & Enterprise Software

net reduced positions

3,393 increased 2,816 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,953 increased 1,285 reduced

Artificial Intelligence

Agentic AI

net reduced positions

2,050 increased 1,368 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

2,298 increased 1,483 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,880 increased 1,991 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

3,629 increased 2,724 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

2,590 increased 1,614 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

3,444 increased 2,451 reduced