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

141 increased 1,967 reduced

Robotics & Automation

Industrial Automation

net reduced positions

686 increased 2,481 reduced

Energy Efficiency

net reduced positions

748 increased 2,518 reduced

Robotics & Automation

83 stocks · 3 sub-themes

net reduced positions

1,066 increased 2,688 reduced

Oil & Gas

361 stocks · 2 sub-themes

net reduced positions

2,450 increased 3,331 reduced

Artificial Intelligence

AI Inference Silicon

net reduced positions

981 increased 1,371 reduced

Internet of Things

Wearables

net reduced positions

2,705 increased 3,015 reduced

Genomics & Gene Editing

199 stocks · 1 sub-theme

net reduced positions

1,654 increased 1,946 reduced

Medical Devices & Diagnostics

net reduced positions

2,631 increased 2,913 reduced

Health & Wellness

net reduced positions

1,446 increased 1,719 reduced

Housing & Home Improvement

Home & Garden Retail

net reduced positions

1,908 increased 2,177 reduced

Stablecoin Infrastructure

net reduced positions

604 increased 844 reduced

Internet of Things

99 stocks · 2 sub-themes

net reduced positions

2,960 increased 3,189 reduced

Water

67 stocks · 2 sub-themes

net reduced positions

1,338 increased 1,533 reduced

Water Infrastructure

net reduced positions

757 increased 933 reduced

Agentic AI Security

net reduced positions

972 increased 1,138 reduced

Digital Payments & Fintech

148 stocks · 2 sub-themes

net reduced positions

3,227 increased 3,379 reduced

Electrification & Grid

Transmission Buildout

net reduced positions

816 increased 936 reduced

Electric Vehicles

EV Charging Infrastructure

net reduced positions

453 increased 567 reduced

Online Travel & Experiences

net reduced positions

1,068 increased 1,177 reduced

Small Business Economy

net reduced positions

1,558 increased 1,662 reduced

Crypto Exchanges

net reduced positions

372 increased 475 reduced

LNG

net reduced positions

1,595 increased 1,692 reduced

Artificial Intelligence

Agentic AI

net reduced positions

1,695 increased 1,787 reduced

Sanitation

net reduced positions

471 increased 543 reduced

Housing & Home Improvement

Homebuilders

net reduced positions

921 increased 979 reduced

Genomics & Gene Editing

Gene Therapy

net reduced positions

932 increased 987 reduced

Carbon & Pollution Control

net reduced positions

1,137 increased 1,183 reduced

Streaming & Digital Media

120 stocks · 1 sub-theme

net reduced positions

3,218 increased 3,259 reduced

Artificial Intelligence

AI Memory & HBM

net reduced positions

1,714 increased 1,751 reduced

Cybersecurity

85 stocks · 3 sub-themes

net reduced positions

2,239 increased 2,275 reduced

Alcohol

net reduced positions

685 increased 720 reduced

Sports Betting & iGaming

net reduced positions

475 increased 507 reduced

Pet Economy

net reduced positions

1,922 increased 1,948 reduced

Gold & Precious Metals

133 stocks · 1 sub-theme

net reduced positions

1,339 increased 1,353 reduced

Streaming & Digital Media

News Media

net reduced positions

546 increased 560 reduced

Oilfield Services

net reduced positions

1,187 increased 1,200 reduced

Infrastructure & Construction

Green Building

net reduced positions

150 increased 161 reduced

Reuse, Repair & Circular Economy

net reduced positions

1,248 increased 1,259 reduced

Gold & Precious Metals

Gold & Silver Miners

net reduced positions

1,325 increased 1,333 reduced

Internet of Things

Smart Home

net reduced positions

577 increased 585 reduced

Solar

net reduced positions

643 increased 651 reduced

Marketplaces

net reduced positions

3,326 increased 3,328 reduced

Autonomous Driving

Ride-Hailing & Shared Mobility

net reduced positions

1,043 increased 1,043 reduced

GLP-1 & Obesity

Obesity Second-Order Effects

net reduced positions

686 increased 685 reduced

Artificial Intelligence

Sovereign AI

net reduced positions

14 increased 8 reduced

Casinos

net reduced positions

692 increased 684 reduced

Virtual & Augmented Reality

net reduced positions

94 increased 86 reduced

Defense Modernization

Military Shipbuilding

net reduced positions

1,087 increased 1,074 reduced

Artificial Intelligence

Chinese AI

net reduced positions

486 increased 470 reduced

Firearms

net reduced positions

213 increased 196 reduced

Data Centers & Digital Infrastructure

Liquid Cooling

net reduced positions

649 increased 626 reduced

Luxury & Affluent Consumer

net reduced positions

798 increased 772 reduced

Hydrogen & Fuel Cells

net reduced positions

904 increased 876 reduced

Agriculture & Food Technology

Plant-Based Foods

net reduced positions

480 increased 450 reduced

Earth Observation

net reduced positions

239 increased 207 reduced

Identity Security

net reduced positions

398 increased 364 reduced

Robotics & Automation

Humanoid Robotics

net reduced positions

98 increased 63 reduced

Post-Quantum Cryptography

net reduced positions

75 increased 40 reduced

Semicap & Lithography

net reduced positions

1,963 increased 1,920 reduced

Housing & Home Improvement

223 stocks · 2 sub-themes

net reduced positions

2,588 increased 2,540 reduced

Infrastructure & Construction

127 stocks · 1 sub-theme

net reduced positions

2,431 increased 2,382 reduced

Food Delivery

net reduced positions

1,216 increased 1,163 reduced

E-Commerce

240 stocks · 2 sub-themes

net reduced positions

3,424 increased 3,366 reduced

Future of Education

net reduced positions

596 increased 530 reduced

Digital Health & Telemedicine

net reduced positions

1,632 increased 1,560 reduced

Lithium & Battery Materials

net reduced positions

569 increased 496 reduced

Immunotherapy & Oncology

net reduced positions

2,786 increased 2,702 reduced

Cloud Computing

Edge Computing

net reduced positions

786 increased 699 reduced

Defense Modernization

Munitions Restocking

net reduced positions

1,733 increased 1,641 reduced

Digital Payments & Fintech

Buy Now Pay Later

net reduced positions

431 increased 336 reduced

Digital Assets

160 stocks · 4 sub-themes

net reduced positions

1,284 increased 1,177 reduced

Uranium Mining & Enrichment

net reduced positions

662 increased 551 reduced

Cannabis

net reduced positions

381 increased 267 reduced

Analog & Power Semis

net reduced positions

1,630 increased 1,502 reduced

Agriculture & Food Technology

Precision Agriculture

net reduced positions

1,080 increased 951 reduced

Agriculture & Food Technology

79 stocks · 2 sub-themes

net reduced positions

1,531 increased 1,396 reduced

Clean Energy

134 stocks · 3 sub-themes

net reduced positions

2,182 increased 2,042 reduced

Digital Payments & Fintech

Neobanks

net reduced positions

787 increased 646 reduced

3D Printing & Additive Manufacturing

net reduced positions

718 increased 570 reduced

Defense Modernization

Defense Tech & C4ISR

net reduced positions

2,277 increased 2,105 reduced

Corporate Crypto Treasuries

net reduced positions

599 increased 423 reduced

Small Modular Reactors

net reduced positions

637 increased 450 reduced

Reshoring & American Manufacturing

net reduced positions

971 increased 779 reduced

Defense Modernization

Drones & Counter-Drone

net reduced positions

1,226 increased 1,020 reduced

Longevity & Aging Population

net reduced positions

1,234 increased 1,028 reduced

Advanced Packaging

net reduced positions

1,626 increased 1,416 reduced

Bitcoin Miners

net reduced positions

628 increased 410 reduced

Critical Minerals & Rare Earths

net reduced positions

755 increased 516 reduced

Data Centers & Digital Infrastructure

Interconnect & Colocation

net reduced positions

975 increased 720 reduced

Copper & Industrial Metals

net reduced positions

1,587 increased 1,330 reduced

Artificial Intelligence

AI Software & Applications

net reduced positions

1,573 increased 1,313 reduced

Sin Stocks

78 stocks · 4 sub-themes

net reduced positions

1,866 increased 1,605 reduced

Photonics & Optical Interconnect

net reduced positions

1,005 increased 741 reduced

Data Centers & Digital Infrastructure

Power for AI

net reduced positions

1,505 increased 1,150 reduced

Tobacco & Nicotine

net reduced positions

1,595 increased 1,219 reduced

Data Centers & Digital Infrastructure

78 stocks · 3 sub-themes

net reduced positions

2,275 increased 1,812 reduced

Electrification & Grid

Grid Equipment

net reduced positions

1,899 increased 1,420 reduced

Cloud Computing

64 stocks · 1 sub-theme

net reduced positions

3,561 increased 3,080 reduced

Wind

net reduced positions

1,508 increased 1,027 reduced

SaaS & Enterprise Software

net reduced positions

3,554 increased 3,050 reduced

Electric Vehicles

124 stocks · 1 sub-theme

net reduced positions

2,604 increased 2,060 reduced

Launch Services

net reduced positions

674 increased 114 reduced

GLP-1 & Obesity

92 stocks · 1 sub-theme

net reduced positions

2,826 increased 2,243 reduced

Satellite Communications

net reduced positions

852 increased 257 reduced

Quantum Computing

net reduced positions

1,866 increased 1,263 reduced

Defense Modernization

163 stocks · 4 sub-themes

net reduced positions

3,086 increased 2,449 reduced

Semiconductors

178 stocks · 4 sub-themes

net reduced positions

3,641 increased 2,991 reduced

Nuclear Energy

61 stocks · 2 sub-themes

net reduced positions

2,494 increased 1,806 reduced

Electrification & Grid

Energy Storage

net reduced positions

2,186 increased 1,464 reduced

Autonomous Driving

53 stocks · 1 sub-theme

net reduced positions

2,503 increased 1,767 reduced

Video Games & Esports

net reduced positions

3,353 increased 2,580 reduced

Artificial Intelligence

264 stocks · 6 sub-themes

net reduced positions

3,899 increased 3,099 reduced

Electrification & Grid

59 stocks · 3 sub-themes

net reduced positions

2,898 increased 2,004 reduced

Space Economy

64 stocks · 3 sub-themes

net reduced positions

2,254 increased 1,114 reduced