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
Carbon & Pollution Control
 467 885 418 1,545 23
Quantum Computing
 432 909 477 1,751 19
SaaS & Enterprise Software
 410 1,448 1,038 2,923 266
Clean Energy
 317 1,011 694 2,069 134
Electric Vehicles
EV Charging Infrastructure
 300 567 267 982 21
Housing & Home Improvement
 249 1,245 996 2,737 223
Copper & Industrial Metals
 236 833 597 1,768 79
Housing & Home Improvement
Home & Garden Retail
 202 931 729 2,098 30
Agriculture & Food Technology
 195 797 602 1,782 79
Internet of Things
Wearables
 181 1,069 888 2,390 21
Agriculture & Food Technology
Precision Agriculture
 175 479 304 1,067 4
Internet of Things
 142 1,208 1,066 2,692 99
Semiconductors
 139 1,296 1,157 2,858 178
Medical Devices & Diagnostics
 138 1,290 1,152 2,897 342
Gold & Precious Metals
Gold & Silver Miners
 128 481 353 1,125 124
Genomics & Gene Editing
 127 889 762 2,059 199
Gold & Precious Metals
 125 488 363 1,136 133
3D Printing & Additive Manufacturing
 122 549 427 1,296 20
Infrastructure & Construction
 114 955 841 2,225 127
Space Economy
 112 599 487 1,486 64
Defense Modernization
Drones & Counter-Drone
 103 367 264 899 30
Reshoring & American Manufacturing
 100 339 239 778 20
Oil & Gas
Oilfield Services
 98 999 901 2,272 88
Semiconductors
Analog & Power Semis
 97 595 498 1,440 27
Clean Energy
Hydrogen & Fuel Cells
 93 345 252 893 13
GLP-1 & Obesity
Obesity Second-Order Effects
 92 445 353 1,093 26
Cloud Computing
 80 1,212 1,132 2,775 64
Cybersecurity
 74 923 849 2,150 85
Sin Stocks
 73 945 872 2,263 78
Robotics & Automation
 71 831 760 2,012 83
Sin Stocks
Alcohol
 70 556 486 1,365 24
Semiconductors
Photonics & Optical Interconnect
 70 234 164 575 20
Sin Stocks
Casinos
 66 386 320 970 24
Water
Water Infrastructure
 65 403 338 1,013 17
E-Commerce
 63 1,295 1,232 2,980 240
Housing & Home Improvement
Homebuilders
 62 461 399 1,142 45
Digital Health & Telemedicine
 61 608 547 1,586 84
Electric Vehicles
 58 934 876 2,209 124
Digital Payments & Fintech
 56 1,233 1,177 2,881 148
E-Commerce
Marketplaces
 56 1,220 1,164 2,834 106
Sin Stocks
Tobacco & Nicotine
 50 681 631 1,668 13
Video Games & Esports
 48 985 937 2,353 55
Energy Efficiency
 47 697 650 1,757 31
Artificial Intelligence
AI Inference Silicon
 44 693 649 1,659 7
GLP-1 & Obesity
 44 1,079 1,035 2,537 92
Semiconductors
Semicap & Lithography
 41 457 416 1,178 21
Small Business Economy
 40 650 610 1,641 58
Electrification & Grid
 39 601 562 1,461 59
Internet of Things
Smart Home
 38 230 192 639 17
Data Centers & Digital Infrastructure
Liquid Cooling
 34 279 245 711 9
Cannabis
 32 102 70 254 52
Electrification & Grid
Grid Equipment
 31 399 368 998 10
Nuclear Energy
Uranium Mining & Enrichment
 27 124 97 333 20
Critical Minerals & Rare Earths
 22 200 178 548 60
Infrastructure & Construction
Green Building
 18 73 55 191 5
Data Centers & Digital Infrastructure
Power for AI
 18 394 376 1,014 22
Reuse, Repair & Circular Economy
 17 639 622 1,602 68
Nuclear Energy
Small Modular Reactors
 14 100 86 271 12
Immunotherapy & Oncology
 13 1,175 1,162 2,745 388
Robotics & Automation
Industrial Automation
 12 726 714 1,834 16
Luxury & Affluent Consumer
 11 471 460 1,252 40
Electrification & Grid
Transmission Buildout
 10 221 211 576 6
Defense Modernization
Munitions Restocking
 9 672 663 1,707 11
Sports Betting & iGaming
 9 97 88 297 29
Sin Stocks
Firearms
 6 137 131 394 12
Digital Payments & Fintech
Buy Now Pay Later
 5 97 92 250 13
Digital Assets
Corporate Crypto Treasuries
 4 182 178 533 63
Digital Assets
Bitcoin Miners
 3 21 18 74 40
Cybersecurity
Agentic AI Security
 2 122 120 387 2
Digital Assets
 2 237 235 660 160
Space Economy
Launch Services
 2 48 46 136 5
Defense Modernization
Military Shipbuilding
 2 366 364 1,005 6
Longevity & Aging Population
 0 563 563 1,475 60
Semiconductors
Advanced Packaging
 -1 266 267 734 10
Streaming & Digital Media
News Media
 -1 346 347 977 26
Digital Assets
Stablecoin Infrastructure
 -1 1 2 9 9
Online Travel & Experiences
 -2 433 435 1,145 32
Cybersecurity
Identity Security
 -4 65 69 210 15
Virtual & Augmented Reality
 -4 34 38 118 20
Water
Sanitation
 -6 175 181 528 8
Future of Education
 -7 301 308 861 77
Agriculture & Food Technology
Plant-Based Foods
 -8 275 283 780 17
Robotics & Automation
Warehouse & Logistics Robotics
 -10 426 436 1,205 3
Nuclear Energy
 -12 674 686 1,766 61
Clean Energy
Solar
 -12 205 217 577 54
Clean Energy
Wind
 -12 41 53 140 9
Electrification & Grid
Energy Storage
 -13 232 245 662 26
Space Economy
Satellite Communications
 -14 152 166 449 16
Artificial Intelligence
AI Software & Applications
 -17 194 211 573 85
Defense Modernization
Defense Tech & C4ISR
 -18 719 737 1,842 53
Pet Economy
 -18 877 895 2,268 34
Health & Wellness
 -20 734 754 1,924 78
Lithium & Battery Materials
 -21 167 188 504 47
Cloud Computing
Edge Computing
 -27 176 203 540 11
Autonomous Driving
 -30 268 298 774 53
Defense Modernization
 -35 1,107 1,142 2,665 163
Water
 -35 715 750 1,857 67
Artificial Intelligence
Agentic AI
 -40 232 272 653 13
Oil & Gas
 -41 1,353 1,394 3,152 361
Artificial Intelligence
 -42 1,260 1,302 2,989 264
E-Commerce
Food Delivery
 -46 45 91 252 12
Genomics & Gene Editing
Gene Therapy
 -51 440 491 1,283 131
Data Centers & Digital Infrastructure
 -57 646 703 1,702 78
Artificial Intelligence
AI Memory & HBM
 -75 297 372 907 12
Oil & Gas
LNG
 -78 764 842 1,996 32
Artificial Intelligence
Chinese AI
 -136 244 380 953 14
Digital Payments & Fintech
Neobanks
 -150 106 256 618 25
Streaming & Digital Media
 -170 1,058 1,228 2,759 120
Social Media & Creator Economy
 -174 985 1,159 2,588 45
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -180 208 388 759 19