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

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

532 increased 1,906 reduced

Energy Efficiency

net reduced positions

1,007 increased 2,239 reduced

Robotics & Automation

Industrial Automation

net reduced positions

994 increased 2,076 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

936 increased 1,848 reduced

Internet of Things

Wearables

net reduced positions

2,173 increased 3,045 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,343 increased 2,207 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,391 increased 3,240 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,645 increased 3,461 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,164 increased 2,758 reduced

Small Business Economy

net reduced positions

1,452 increased 1,942 reduced

Medical Devices & Diagnostics

net reduced positions

2,350 increased 2,811 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

2,760 increased 3,217 reduced

SaaS & Enterprise Software

net reduced positions

2,881 increased 3,310 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

2,960 increased 3,386 reduced

Digital Health & Telemedicine

net reduced positions

1,397 increased 1,818 reduced

Pet Economy

net reduced positions

1,601 increased 2,007 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

2,922 increased 3,312 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,767 increased 2,153 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

2,860 increased 3,233 reduced

Marketplaces

net reduced positions

2,876 increased 3,239 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,384 increased 2,708 reduced

Alcohol

net reduced positions

585 increased 874 reduced

Semicap & Lithography

net reduced positions

1,433 increased 1,717 reduced

Hydrogen & Fuel Cells

net reduced positions

634 increased 908 reduced

Analog & Power Semis

net reduced positions

1,241 increased 1,504 reduced

Health & Wellness

net reduced positions

1,482 increased 1,745 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,548 increased 1,790 reduced

Carbon & Pollution Control

net reduced positions

788 increased 1,028 reduced

Stablecoin Infrastructure

net reduced positions

765 increased 937 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

2,886 increased 3,050 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,219 increased 1,372 reduced

Future of Education

net reduced positions

485 increased 632 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

680 increased 820 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

856 increased 994 reduced

LNG

net reduced positions

1,420 increased 1,556 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,466 increased 1,598 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,265 increased 1,393 reduced

Video Games & Esports

net reduced positions

2,700 increased 2,824 reduced

Sports Betting & iGaming

net reduced positions

495 increased 612 reduced

Water Infrastructure

net reduced positions

783 increased 898 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

495 increased 604 reduced

3D Printing & Additive Manufacturing

net reduced positions

540 increased 641 reduced

Identity Security

net reduced positions

407 increased 508 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,581 increased 2,671 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,144 increased 1,233 reduced

Casinos

net reduced positions

632 increased 717 reduced

Cannabis

net reduced positions

289 increased 370 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

1,795 increased 1,875 reduced

Streaming & Digital Media

News Media

net reduced positions

525 increased 584 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

1,994 increased 2,049 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

904 increased 956 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

2,083 increased 2,133 reduced

Luxury & Affluent Consumer

net reduced positions

746 increased 788 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,764 increased 1,805 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

474 increased 515 reduced

Firearms

net reduced positions

176 increased 217 reduced

Internet of Things

Smart Home

net reduced positions

538 increased 578 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,701 increased 1,733 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

1,215 increased 1,246 reduced

Sanitation

net reduced positions

464 increased 493 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

2,088 increased 2,116 reduced

Online Travel & Experiences

net reduced positions

1,048 increased 1,076 reduced

Longevity & Aging Population

net reduced positions

1,033 increased 1,058 reduced

Infrastructure & Construction

Green Building

net reduced positions

146 increased 169 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

1,821 increased 1,840 reduced

Solar

net reduced positions

588 increased 606 reduced

Virtual & Augmented Reality

net reduced positions

73 increased 91 reduced

Oilfield Services

net reduced positions

1,018 increased 1,033 reduced

Photonics & Optical Interconnect

net reduced positions

602 increased 603 reduced

Small Modular Reactors

net reduced positions

508 increased 506 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

76 increased 70 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

730 increased 724 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

891 increased 883 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

1,010 increased 1,001 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

1,233 increased 1,222 reduced

Lithium & Battery Materials

net reduced positions

456 increased 445 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

1,220 increased 1,208 reduced

Cloud Computing

Edge Computing

net reduced positions

647 increased 625 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

431 increased 399 reduced

Earth Observation

net reduced positions

149 increased 116 reduced

Post-Quantum Cryptography

net reduced positions

64 increased 26 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,451 increased 1,411 reduced

Uranium Mining & Enrichment

net reduced positions

574 increased 529 reduced

Tobacco & Nicotine

net reduced positions

1,336 increased 1,280 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

999 increased 936 reduced

Artificial Intelligence

Chinese AI

net reduced positions

572 increased 497 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

387 increased 309 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,208 increased 1,124 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

2,389 increased 2,304 reduced

Launch Services

net reduced positions

298 increased 209 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

1,189 increased 1,099 reduced

Crypto Exchanges

net reduced positions

530 increased 435 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

729 increased 634 reduced

Critical Minerals & Rare Earths

net reduced positions

559 increased 457 reduced

Satellite Communications

net reduced positions

414 increased 299 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

1,992 increased 1,876 reduced

Advanced Packaging

net reduced positions

1,316 increased 1,197 reduced

Corporate Crypto Treasuries

net reduced positions

594 increased 474 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

1,506 increased 1,384 reduced

Immunotherapy & Oncology

net reduced positions

2,618 increased 2,474 reduced

Food Delivery

net reduced positions

1,282 increased 1,120 reduced

Bitcoin Miners

net reduced positions

508 increased 343 reduced

Copper & Industrial Metals

net reduced positions

1,327 increased 1,157 reduced

Electrification & Grid

Grid Equipment

net reduced positions

1,495 increased 1,294 reduced

Quantum Computing

net reduced positions

1,566 increased 1,363 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

2,294 increased 2,052 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

1,186 increased 941 reduced

Reshoring & American Manufacturing

net reduced positions

840 increased 587 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

816 increased 561 reduced

Agentic AI Security

net reduced positions

1,142 increased 825 reduced

Wind

net reduced positions

1,189 increased 826 reduced

Electrification & Grid

Energy Storage

net reduced positions

1,942 increased 1,485 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

2,448 increased 1,975 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

2,284 increased 1,750 reduced