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
Semiconductors
 303 1,375 1,072 2,677 178
Video Games & Esports
 291 1,114 823 2,198 55
SaaS & Enterprise Software
 250 1,355 1,105 2,710 266
Quantum Computing
 239 815 576 1,708 19
Housing & Home Improvement
Home & Garden Retail
 224 917 693 1,925 30
Housing & Home Improvement
 209 1,228 1,019 2,547 223
Internet of Things
Wearables
 193 1,069 876 2,218 21
Internet of Things
 160 1,218 1,058 2,504 99
Digital Health & Telemedicine
 149 640 491 1,423 84
Sin Stocks
 147 980 833 2,115 78
Digital Payments & Fintech
 142 1,268 1,126 2,649 148
Clean Energy
Hydrogen & Fuel Cells
 128 358 230 837 13
Pet Economy
 124 952 828 2,079 34
Infrastructure & Construction
 122 980 858 2,120 127
Agriculture & Food Technology
Precision Agriculture
 117 462 345 1,017 4
Space Economy
 115 606 491 1,403 64
Robotics & Automation
 113 851 738 1,874 83
Defense Modernization
Military Shipbuilding
 104 401 297 938 6
Streaming & Digital Media
News Media
 96 403 307 936 26
Sin Stocks
Tobacco & Nicotine
 90 695 605 1,567 13
Robotics & Automation
Industrial Automation
 79 748 669 1,705 16
Data Centers & Digital Infrastructure
Interconnect & Colocation
 79 335 256 730 19
Semiconductors
Semicap & Lithography
 77 459 382 1,086 21
Defense Modernization
Drones & Counter-Drone
 76 350 274 828 30
Semiconductors
Analog & Power Semis
 74 567 493 1,327 27
Gold & Precious Metals
Gold & Silver Miners
 73 478 405 1,132 124
Immunotherapy & Oncology
 73 1,204 1,131 2,556 388
Agriculture & Food Technology
Plant-Based Foods
 70 305 235 733 17
GLP-1 & Obesity
Obesity Second-Order Effects
 67 439 372 1,038 26
Gold & Precious Metals
 65 479 414 1,145 133
Agriculture & Food Technology
 62 734 672 1,720 79
Carbon & Pollution Control
 62 658 596 1,516 23
Sin Stocks
Casinos
 62 406 344 944 24
Water
 56 773 717 1,782 67
Sin Stocks
Alcohol
 54 549 495 1,281 24
Genomics & Gene Editing
 52 824 772 1,919 199
GLP-1 & Obesity
 51 1,068 1,017 2,365 92
E-Commerce
Marketplaces
 48 1,196 1,148 2,629 106
3D Printing & Additive Manufacturing
 46 502 456 1,234 20
Cybersecurity
 46 883 837 1,994 85
Future of Education
 44 333 289 807 77
Water
Water Infrastructure
 42 407 365 985 17
Small Business Economy
 39 631 592 1,501 58
Social Media & Creator Economy
 39 1,096 1,057 2,411 45
Health & Wellness
 37 768 731 1,812 78
Medical Devices & Diagnostics
 37 1,235 1,198 2,696 342
Digital Payments & Fintech
Buy Now Pay Later
 33 113 80 245 13
Oil & Gas
 32 1,406 1,374 2,962 361
Robotics & Automation
Warehouse & Logistics Robotics
 30 431 401 1,115 3
Space Economy
Launch Services
 25 64 39 141 5
Critical Minerals & Rare Earths
 23 198 175 552 60
Data Centers & Digital Infrastructure
Liquid Cooling
 21 271 250 715 9
Luxury & Affluent Consumer
 21 484 463 1,189 40
Infrastructure & Construction
Green Building
 20 66 46 166 5
Nuclear Energy
Small Modular Reactors
 19 102 83 263 12
Semiconductors
Advanced Packaging
 18 275 257 702 10
Reuse, Repair & Circular Economy
 15 640 625 1,530 68
Nuclear Energy
Uranium Mining & Enrichment
 15 114 99 325 20
Defense Modernization
Defense Tech & C4ISR
 13 726 713 1,718 53
Sin Stocks
Firearms
 12 143 131 379 12
Electrification & Grid
Transmission Buildout
 11 242 231 597 6
Artificial Intelligence
AI Software & Applications
 10 208 198 557 85
Digital Assets
 10 229 219 633 160
Internet of Things
Smart Home
 8 216 208 570 17
Energy Efficiency
 5 660 655 1,619 31
Reshoring & American Manufacturing
 4 304 300 768 20
Defense Modernization
Munitions Restocking
 0 665 665 1,587 11
Digital Assets
Corporate Crypto Treasuries
 -1 167 168 501 63
Digital Assets
Stablecoin Infrastructure
 -1 1 2 8 9
Semiconductors
Photonics & Optical Interconnect
 -2 208 210 568 20
Sports Betting & iGaming
 -6 85 91 273 29
Cannabis
 -7 89 96 254 52
Data Centers & Digital Infrastructure
 -9 649 658 1,610 78
Virtual & Augmented Reality
 -11 29 40 129 20
Clean Energy
Wind
 -11 49 60 161 9
Artificial Intelligence
Agentic AI
 -12 237 249 635 13
Water
Sanitation
 -13 174 187 512 8
Oil & Gas
LNG
 -15 819 834 1,937 32
Space Economy
Satellite Communications
 -16 161 177 450 16
Digital Assets
Bitcoin Miners
 -17 12 29 67 40
Nuclear Energy
 -18 664 682 1,625 61
Artificial Intelligence
AI Memory & HBM
 -22 310 332 816 12
Cloud Computing
Edge Computing
 -22 162 184 514 11
Cybersecurity
Agentic AI Security
 -24 93 117 313 2
Data Centers & Digital Infrastructure
Power for AI
 -24 375 399 953 22
E-Commerce
 -25 1,227 1,252 2,756 240
Copper & Industrial Metals
 -30 717 747 1,783 79
Genomics & Gene Editing
Gene Therapy
 -34 441 475 1,184 131
Cybersecurity
Identity Security
 -34 45 79 199 15
Digital Payments & Fintech
Neobanks
 -38 135 173 463 25
E-Commerce
Food Delivery
 -39 36 75 204 12
Electrification & Grid
Grid Equipment
 -44 362 406 955 10
Defense Modernization
 -46 1,108 1,154 2,494 163
Clean Energy
Solar
 -47 202 249 597 54
Electrification & Grid
 -48 556 604 1,416 59
Lithium & Battery Materials
 -48 145 193 515 47
Cloud Computing
 -53 1,136 1,189 2,611 64
Electrification & Grid
Energy Storage
 -63 205 268 639 26
Artificial Intelligence
AI Inference Silicon
 -66 643 709 1,576 7
Longevity & Aging Population
 -66 515 581 1,360 60
Autonomous Driving
 -77 237 314 744 53
Online Travel & Experiences
 -80 385 465 1,083 32
Streaming & Digital Media
 -84 1,102 1,186 2,540 120
Electric Vehicles
EV Charging Infrastructure
 -97 313 410 950 21
Housing & Home Improvement
Homebuilders
 -101 375 476 1,083 45
Clean Energy
 -113 779 892 2,002 134
Oil & Gas
Oilfield Services
 -114 937 1,051 2,225 88
Electric Vehicles
 -126 818 944 2,062 124
Artificial Intelligence
 -139 1,207 1,346 2,802 264
Artificial Intelligence
Chinese AI
 -162 141 303 791 14