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

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

2,955 increased 3,654 reduced

Internet of Things

Wearables

net reduced positions

2,545 increased 3,131 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,760 increased 3,337 reduced

Medical Devices & Diagnostics

net reduced positions

2,531 increased 3,002 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

1,038 increased 1,338 reduced

Identity Security

net reduced positions

270 increased 504 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,301 increased 1,515 reduced

Health & Wellness

net reduced positions

1,529 increased 1,740 reduced

Marketplaces

net reduced positions

3,219 increased 3,428 reduced

Digital Health & Telemedicine

net reduced positions

1,514 increased 1,718 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

3,219 increased 3,419 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

3,293 increased 3,492 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,969 increased 2,154 reduced

Semicap & Lithography

net reduced positions

1,683 increased 1,864 reduced

Streaming & Digital Media

News Media

net reduced positions

475 increased 645 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,710 increased 1,867 reduced

SaaS & Enterprise Software

net reduced positions

3,248 increased 3,400 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

3,175 increased 3,307 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

935 increased 1,064 reduced

Water Infrastructure

net reduced positions

790 increased 897 reduced

Pet Economy

net reduced positions

1,877 increased 1,978 reduced

Immunotherapy & Oncology

net reduced positions

2,706 increased 2,803 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

3,425 increased 3,509 reduced

Small Business Economy

net reduced positions

1,649 increased 1,725 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

470 increased 545 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,551 increased 2,620 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

1,322 increased 1,390 reduced

Carbon & Pollution Control

net reduced positions

981 increased 1,047 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

1,310 increased 1,370 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

936 increased 980 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

778 increased 821 reduced

Alcohol

net reduced positions

686 increased 724 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

685 increased 714 reduced

Robotics & Automation

Industrial Automation

net reduced positions

1,501 increased 1,529 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

588 increased 610 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

2,290 increased 2,310 reduced

Online Travel & Experiences

net reduced positions

1,085 increased 1,103 reduced

Analog & Power Semis

net reduced positions

1,450 increased 1,465 reduced

Energy Efficiency

net reduced positions

1,584 increased 1,596 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,643 increased 1,653 reduced

Artificial Intelligence

Chinese AI

net reduced positions

533 increased 538 reduced

Sports Betting & iGaming

net reduced positions

523 increased 526 reduced

Internet of Things

Smart Home

net reduced positions

571 increased 572 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

2,227 increased 2,222 reduced

Casinos

net reduced positions

706 increased 697 reduced

Post-Quantum Cryptography

net reduced positions

58 increased 49 reduced

Virtual & Augmented Reality

net reduced positions

92 increased 81 reduced

Infrastructure & Construction

Green Building

net reduced positions

164 increased 143 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,435 increased 1,411 reduced

Luxury & Affluent Consumer

net reduced positions

806 increased 781 reduced

Photonics & Optical Interconnect

net reduced positions

750 increased 723 reduced

Cannabis

net reduced positions

328 increased 296 reduced

Stablecoin Infrastructure

net reduced positions

808 increased 775 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,833 increased 1,797 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

95 increased 57 reduced

Sanitation

net reduced positions

508 increased 467 reduced

3D Printing & Additive Manufacturing

net reduced positions

636 increased 589 reduced

Solar

net reduced positions

654 increased 607 reduced

Firearms

net reduced positions

227 increased 165 reduced

Earth Observation

net reduced positions

191 increased 126 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

1,548 increased 1,479 reduced

Future of Education

net reduced positions

608 increased 539 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

396 increased 326 reduced

Hydrogen & Fuel Cells

net reduced positions

850 increased 777 reduced

Advanced Packaging

net reduced positions

1,464 increased 1,385 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

1,117 increased 1,028 reduced

Lithium & Battery Materials

net reduced positions

559 increased 469 reduced

Robotics & Automation

Warehouse & Logistics Robotics

net reduced positions

1,136 increased 1,046 reduced

Small Modular Reactors

net reduced positions

575 increased 476 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,288 increased 1,186 reduced

Uranium Mining & Enrichment

net reduced positions

648 increased 546 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

1,105 increased 999 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

1,152 increased 1,043 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

1,006 increased 897 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

487 increased 370 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

3,306 increased 3,178 reduced

Food Delivery

net reduced positions

1,275 increased 1,144 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

2,611 increased 2,469 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,340 increased 1,194 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

874 increased 727 reduced

Copper & Industrial Metals

net reduced positions

1,474 increased 1,324 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

806 increased 654 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

1,646 increased 1,487 reduced

Cloud Computing

Edge Computing

net reduced positions

756 increased 594 reduced

Crypto Exchanges

net reduced positions

549 increased 383 reduced

Launch Services

net reduced positions

391 increased 223 reduced

Longevity & Aging Population

net reduced positions

1,181 increased 1,008 reduced

Oilfield Services

net reduced positions

1,207 increased 1,034 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,823 increased 1,638 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,923 increased 1,725 reduced

Bitcoin Miners

net reduced positions

572 increased 367 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

1,356 increased 1,143 reduced

Reshoring & American Manufacturing

net reduced positions

912 increased 690 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

2,286 increased 2,060 reduced

Satellite Communications

net reduced positions

546 increased 319 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

2,086 increased 1,853 reduced

Corporate Crypto Treasuries

net reduced positions

665 increased 420 reduced

Quantum Computing

net reduced positions

1,655 increased 1,408 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

1,619 increased 1,370 reduced

Tobacco & Nicotine

net reduced positions

1,526 increased 1,266 reduced

Critical Minerals & Rare Earths

net reduced positions

705 increased 443 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

2,182 increased 1,825 reduced

Wind

net reduced positions

1,304 increased 939 reduced

LNG

net reduced positions

1,792 increased 1,399 reduced

Electrification & Grid

Grid Equipment

net reduced positions

1,736 increased 1,323 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

2,924 increased 2,507 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

2,321 increased 1,825 reduced

Agentic AI Security

net reduced positions

1,290 increased 761 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

2,593 increased 2,051 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

2,428 increased 1,863 reduced

Electrification & Grid

Energy Storage

net reduced positions

2,122 increased 1,524 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

2,744 increased 2,070 reduced

Video Games & Esports

net reduced positions

3,341 increased 2,639 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

3,255 increased 2,503 reduced

Artificial Intelligence

Sovereign AI

net reduced positions

0 increased 0 reduced