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
Theme Net reduced
positions 		Reduced
positions 		Increased
positions 		Funds
holding 		Stocks
Quantum Computing
 328 876 548 1,727 19
Internet of Things
Wearables
 202 1,060 858 2,198 21
Cloud Computing
 182 1,282 1,100 2,557 64
Robotics & Automation
Industrial Automation
 149 790 641 1,714 16
Robotics & Automation
 112 847 735 1,892 83
Defense Modernization
Defense Tech & C4ISR
 107 776 669 1,721 53
SaaS & Enterprise Software
 105 1,289 1,184 2,712 266
Defense Modernization
Drones & Counter-Drone
 103 374 271 825 30
Oil & Gas
Oilfield Services
 101 1,040 939 2,275 88
Defense Modernization
Military Shipbuilding
 100 394 294 924 6
Internet of Things
 91 1,174 1,083 2,499 99
Defense Modernization
Munitions Restocking
 89 719 630 1,611 11
Sin Stocks
Tobacco & Nicotine
 89 684 595 1,566 13
Digital Payments & Fintech
 83 1,216 1,133 2,643 148
Artificial Intelligence
 81 1,333 1,252 2,785 264
E-Commerce
Marketplaces
 79 1,201 1,122 2,598 106
Digital Health & Telemedicine
 71 613 542 1,427 84
Clean Energy
Hydrogen & Fuel Cells
 70 332 262 833 13
Sin Stocks
 67 946 879 2,128 78
Semiconductors
 64 1,255 1,191 2,688 178
Health & Wellness
 62 772 710 1,811 78
Semiconductors
Semicap & Lithography
 62 453 391 1,085 21
Infrastructure & Construction
 58 975 917 2,163 127
Energy Efficiency
 53 691 638 1,625 31
Genomics & Gene Editing
 50 822 772 1,884 199
Robotics & Automation
Warehouse & Logistics Robotics
 50 447 397 1,113 3
Data Centers & Digital Infrastructure
Liquid Cooling
 47 277 230 710 9
Internet of Things
Smart Home
 41 236 195 597 17
Reshoring & American Manufacturing
 38 313 275 798 20
Space Economy
 38 560 522 1,398 64
Housing & Home Improvement
 37 1,128 1,091 2,559 223
GLP-1 & Obesity
 35 1,067 1,032 2,370 92
Agriculture & Food Technology
Precision Agriculture
 35 435 400 1,067 4
Space Economy
Launch Services
 33 74 41 158 5
Water
Water Infrastructure
 32 403 371 1,002 17
Housing & Home Improvement
Home & Garden Retail
 31 819 788 1,911 30
Agriculture & Food Technology
 30 738 708 1,729 79
Infrastructure & Construction
Green Building
 29 72 43 171 5
Agriculture & Food Technology
Plant-Based Foods
 29 272 243 712 17
Water
Sanitation
 27 184 157 501 8
Sin Stocks
Firearms
 25 162 137 417 12
Digital Payments & Fintech
Buy Now Pay Later
 24 108 84 258 13
Carbon & Pollution Control
 23 626 603 1,530 23
Medical Devices & Diagnostics
 22 1,214 1,192 2,672 342
Immunotherapy & Oncology
 21 1,173 1,152 2,561 388
Nuclear Energy
Uranium Mining & Enrichment
 21 120 99 311 20
Oil & Gas
LNG
 20 818 798 1,964 32
Artificial Intelligence
AI Memory & HBM
 19 304 285 816 12
Sin Stocks
Casinos
 18 392 374 973 24
Semiconductors
Photonics & Optical Interconnect
 18 230 212 586 20
Digital Assets
Corporate Crypto Treasuries
 13 178 165 479 63
Nuclear Energy
Small Modular Reactors
 13 98 85 251 12
Lithium & Battery Materials
 12 174 162 491 47
Luxury & Affluent Consumer
 12 487 475 1,204 40
Artificial Intelligence
Chinese AI
 10 187 177 539 14
Clean Energy
Solar
 10 223 213 602 54
E-Commerce
 9 1,234 1,225 2,736 240
Cannabis
 7 94 87 255 52
Electric Vehicles
EV Charging Infrastructure
 6 379 373 993 21
Electrification & Grid
Grid Equipment
 6 387 381 1,002 10
Defense Modernization
 4 1,142 1,138 2,517 163
Virtual & Augmented Reality
 4 37 33 112 20
Cybersecurity
Identity Security
 2 50 48 165 15
Genomics & Gene Editing
Gene Therapy
 -1 430 431 1,152 131
Critical Minerals & Rare Earths
 -2 192 194 577 60
Housing & Home Improvement
Homebuilders
 -3 429 432 1,088 45
Oil & Gas
 -4 1,386 1,390 2,996 361
Video Games & Esports
 -4 948 952 2,200 55
Data Centers & Digital Infrastructure
Power for AI
 -5 369 374 965 22
Cloud Computing
Edge Computing
 -7 159 166 475 11
Future of Education
 -7 318 325 843 77
Reuse, Repair & Circular Economy
 -7 627 634 1,535 68
Data Centers & Digital Infrastructure
 -9 639 648 1,582 78
Pet Economy
 -9 890 899 2,092 34
Artificial Intelligence
AI Software & Applications
 -10 206 216 589 85
Digital Assets
Bitcoin Miners
 -10 10 20 53 40
GLP-1 & Obesity
Obesity Second-Order Effects
 -10 413 423 1,061 26
Copper & Industrial Metals
 -11 729 740 1,778 79
Small Business Economy
 -11 587 598 1,476 58
Semiconductors
Analog & Power Semis
 -12 518 530 1,323 27
Artificial Intelligence
AI Inference Silicon
 -13 678 691 1,611 7
Semiconductors
Advanced Packaging
 -14 250 264 698 10
Artificial Intelligence
Agentic AI
 -14 229 243 634 13
Gold & Precious Metals
Gold & Silver Miners
 -14 450 464 1,158 124
3D Printing & Additive Manufacturing
 -16 459 475 1,231 20
Sports Betting & iGaming
 -16 84 100 261 29
Gold & Precious Metals
 -18 456 474 1,172 133
Clean Energy
Wind
 -19 42 61 166 9
Autonomous Driving
 -22 254 276 733 53
Online Travel & Experiences
 -23 390 413 1,037 32
Cybersecurity
Agentic AI Security
 -32 66 98 265 2
Streaming & Digital Media
News Media
 -33 341 374 962 26
Sin Stocks
Alcohol
 -35 492 527 1,288 24
Electrification & Grid
Energy Storage
 -35 217 252 640 26
Digital Assets
 -41 203 244 611 160
Electrification & Grid
 -45 559 604 1,429 59
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -45 258 303 761 19
Nuclear Energy
 -45 661 706 1,637 61
Water
 -46 722 768 1,767 67
Electrification & Grid
Transmission Buildout
 -50 208 258 603 6
Longevity & Aging Population
 -51 512 563 1,346 60
Social Media & Creator Economy
 -65 1,069 1,134 2,395 45
Clean Energy
 -78 806 884 2,024 134
Cybersecurity
 -79 815 894 1,975 85
Space Economy
Satellite Communications
 -82 109 191 449 16
Digital Payments & Fintech
Neobanks
 -101 73 174 423 25
Streaming & Digital Media
 -138 1,094 1,232 2,563 120
Electric Vehicles
 -175 800 975 2,117 124
E-Commerce
Food Delivery
 – – – 158 12
Digital Assets
Stablecoin Infrastructure
 – – – 4 9