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

2,408 increased 2,825 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,648 increased 3,021 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,920 increased 3,220 reduced

Pet Economy

net reduced positions

1,681 increased 1,933 reduced

Alcohol

net reduced positions

633 increased 853 reduced

SaaS & Enterprise Software

net reduced positions

3,002 increased 3,194 reduced

Health & Wellness

net reduced positions

1,527 increased 1,714 reduced

Carbon & Pollution Control

net reduced positions

774 increased 917 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

608 increased 751 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,142 increased 1,284 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,284 increased 1,420 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

437 increased 536 reduced

Energy Efficiency

net reduced positions

1,503 increased 1,571 reduced

Identity Security

net reduced positions

417 increased 485 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,108 increased 1,169 reduced

Firearms

net reduced positions

170 increased 222 reduced

Hydrogen & Fuel Cells

net reduced positions

712 increased 764 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,657 increased 1,707 reduced

Future of Education

net reduced positions

580 increased 617 reduced

Photonics & Optical Interconnect

net reduced positions

497 increased 529 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

918 increased 946 reduced

Infrastructure & Construction

Green Building

net reduced positions

165 increased 177 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

410 increased 421 reduced

Video Games & Esports

net reduced positions

2,749 increased 2,760 reduced

Virtual & Augmented Reality

net reduced positions

78 increased 83 reduced

Medical Devices & Diagnostics

net reduced positions

2,557 increased 2,561 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,662 increased 1,658 reduced

Small Business Economy

net reduced positions

1,721 increased 1,716 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

1,064 increased 1,057 reduced

Analog & Power Semis

net reduced positions

1,358 increased 1,349 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

543 increased 532 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,420 increased 1,404 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,409 increased 1,393 reduced

Casinos

net reduced positions

687 increased 667 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

79 increased 59 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,698 increased 1,677 reduced

Cannabis

net reduced positions

330 increased 305 reduced

Water Infrastructure

net reduced positions

865 increased 840 reduced

Sports Betting & iGaming

net reduced positions

595 increased 569 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

780 increased 753 reduced

Post-Quantum Cryptography

net reduced positions

45 increased 15 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

2,079 increased 2,044 reduced

Small Modular Reactors

net reduced positions

488 increased 451 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,517 increased 1,478 reduced

Sanitation

net reduced positions

489 increased 448 reduced

Immunotherapy & Oncology

net reduced positions

2,528 increased 2,485 reduced

Artificial Intelligence

Chinese AI

net reduced positions

541 increased 495 reduced

Oilfield Services

net reduced positions

1,043 increased 996 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,411 increased 1,363 reduced

3D Printing & Additive Manufacturing

net reduced positions

628 increased 579 reduced

Digital Health & Telemedicine

net reduced positions

1,649 increased 1,599 reduced

Solar

net reduced positions

587 increased 534 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

704 increased 650 reduced

Earth Observation

net reduced positions

142 increased 86 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

905 increased 847 reduced

Launch Services

net reduced positions

226 increased 165 reduced

Lithium & Battery Materials

net reduced positions

445 increased 380 reduced

Streaming & Digital Media

News Media

net reduced positions

569 increased 499 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

356 increased 281 reduced

Internet of Things

Smart Home

net reduced positions

572 increased 495 reduced

Uranium Mining & Enrichment

net reduced positions

548 increased 470 reduced

Cloud Computing

Edge Computing

net reduced positions

654 increased 575 reduced

Luxury & Affluent Consumer

net reduced positions

791 increased 710 reduced

Longevity & Aging Population

net reduced positions

1,056 increased 973 reduced

Online Travel & Experiences

net reduced positions

1,093 increased 1,009 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

3,196 increased 3,108 reduced

Marketplaces

net reduced positions

3,132 increased 3,035 reduced

Reshoring & American Manufacturing

net reduced positions

700 increased 595 reduced

LNG

net reduced positions

1,529 increased 1,423 reduced

Satellite Communications

net reduced positions

357 increased 251 reduced

Stablecoin Infrastructure

net reduced positions

933 increased 824 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

693 increased 580 reduced

Tobacco & Nicotine

net reduced positions

1,379 increased 1,262 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,838 increased 1,720 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

979 increased 859 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

978 increased 852 reduced

Critical Minerals & Rare Earths

net reduced positions

515 increased 383 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

1,164 increased 1,020 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,853 increased 1,678 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

1,064 increased 881 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

2,073 increased 1,888 reduced

Bitcoin Miners

net reduced positions

438 increased 250 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

2,066 increased 1,863 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

1,195 increased 992 reduced

Semicap & Lithography

net reduced positions

1,613 increased 1,394 reduced

Copper & Industrial Metals

net reduced positions

1,321 increased 1,101 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,769 increased 1,521 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

2,465 increased 2,217 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,626 increased 2,362 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

1,500 increased 1,235 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

3,105 increased 2,836 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

1,249 increased 975 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

1,261 increased 986 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,781 increased 2,492 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

2,268 increased 1,974 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

3,114 increased 2,814 reduced

Advanced Packaging

net reduced positions

1,320 increased 1,018 reduced

Crypto Exchanges

net reduced positions

640 increased 320 reduced

Wind

net reduced positions

1,086 increased 766 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

3,220 increased 2,860 reduced

Corporate Crypto Treasuries

net reduced positions

725 increased 361 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,961 increased 1,595 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,477 increased 1,103 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

3,363 increased 2,985 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,640 increased 2,257 reduced

Electrification & Grid

Grid Equipment

net reduced positions

1,537 increased 1,136 reduced

Quantum Computing

net reduced positions

1,635 increased 1,215 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

2,302 increased 1,877 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

2,112 increased 1,648 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

2,407 increased 1,904 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

2,198 increased 1,692 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

1,299 increased 761 reduced

Food Delivery

net reduced positions

1,467 increased 921 reduced

Agentic AI Security

net reduced positions

1,264 increased 668 reduced