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
Electric Vehicles
EV Charging Infrastructure
 279 575 296 953 21
Video Games & Esports
 257 1,140 883 2,350 55
Quantum Computing
 237 817 580 1,741 19
Streaming & Digital Media
News Media
 207 484 277 967 26
Health & Wellness
 190 873 683 1,955 78
GLP-1 & Obesity
 184 1,215 1,031 2,567 92
Housing & Home Improvement
Home & Garden Retail
 165 962 797 2,105 30
SaaS & Enterprise Software
 160 1,407 1,247 2,935 266
Clean Energy
 155 974 819 2,094 134
Agriculture & Food Technology
 148 808 660 1,791 79
Agriculture & Food Technology
Precision Agriculture
 148 465 317 1,035 4
Semiconductors
 148 1,356 1,208 2,839 178
Sin Stocks
 143 1,043 900 2,240 78
Copper & Industrial Metals
 134 757 623 1,677 79
GLP-1 & Obesity
Obesity Second-Order Effects
 111 469 358 1,107 26
Oil & Gas
 101 1,505 1,404 3,143 361
Data Centers & Digital Infrastructure
Liquid Cooling
 98 292 194 650 9
Space Economy
 96 619 523 1,488 64
Clean Energy
Hydrogen & Fuel Cells
 85 345 260 872 13
3D Printing & Additive Manufacturing
 74 497 423 1,190 20
Agriculture & Food Technology
Plant-Based Foods
 73 317 244 773 17
Sin Stocks
Alcohol
 65 582 517 1,356 24
Oil & Gas
Oilfield Services
 65 982 917 2,226 88
Internet of Things
Wearables
 64 1,099 1,035 2,425 21
Defense Modernization
Military Shipbuilding
 63 401 338 1,004 6
Semiconductors
Analog & Power Semis
 61 638 577 1,507 27
Water
Water Infrastructure
 57 406 349 979 17
Cloud Computing
 55 1,311 1,256 2,766 64
Reshoring & American Manufacturing
 54 310 256 740 20
Artificial Intelligence
AI Inference Silicon
 53 684 631 1,593 7
Nuclear Energy
 52 734 682 1,725 61
Internet of Things
 47 1,253 1,206 2,737 99
Gold & Precious Metals
Gold & Silver Miners
 43 442 399 1,133 124
Oil & Gas
LNG
 42 839 797 1,968 32
Sin Stocks
Tobacco & Nicotine
 41 704 663 1,652 13
Semiconductors
Semicap & Lithography
 34 467 433 1,149 21
Digital Assets
Corporate Crypto Treasuries
 33 210 177 542 63
Data Centers & Digital Infrastructure
Power for AI
 33 407 374 1,004 22
Gold & Precious Metals
 32 444 412 1,144 133
Medical Devices & Diagnostics
 32 1,337 1,305 2,931 342
Electric Vehicles
 31 987 956 2,221 124
Infrastructure & Construction
 31 948 917 2,210 127
Artificial Intelligence
AI Software & Applications
 29 210 181 561 85
Small Business Economy
 26 692 666 1,649 58
Carbon & Pollution Control
 24 600 576 1,490 23
Electrification & Grid
Grid Equipment
 23 392 369 982 10
Pet Economy
 23 968 945 2,289 34
Social Media & Creator Economy
 23 1,217 1,194 2,623 45
Digital Health & Telemedicine
 21 656 635 1,625 84
Housing & Home Improvement
 17 1,202 1,185 2,740 223
Luxury & Affluent Consumer
 14 482 468 1,224 40
Electrification & Grid
Energy Storage
 12 245 233 701 26
Artificial Intelligence
 11 1,407 1,396 3,007 264
Lithium & Battery Materials
 8 182 174 489 47
Digital Assets
Bitcoin Miners
 7 21 14 70 40
Space Economy
Launch Services
 7 52 45 133 5
Nuclear Energy
Small Modular Reactors
 7 92 85 245 12
Cybersecurity
Identity Security
 5 93 88 310 15
Longevity & Aging Population
 5 596 591 1,517 60
Cloud Computing
Edge Computing
 4 208 204 584 11
Data Centers & Digital Infrastructure
 2 685 683 1,690 78
Infrastructure & Construction
Green Building
 2 82 80 219 5
Virtual & Augmented Reality
 2 31 29 108 20
Electrification & Grid
Transmission Buildout
 1 213 212 563 6
Nuclear Energy
Uranium Mining & Enrichment
 1 107 106 322 20
Digital Assets
Stablecoin Infrastructure
 -1 2 3 9 9
Sin Stocks
Firearms
 -2 165 167 470 12
Digital Payments & Fintech
Buy Now Pay Later
 -4 98 102 268 13
Electrification & Grid
 -5 573 578 1,468 59
Sports Betting & iGaming
 -7 108 115 317 29
Water
Sanitation
 -8 184 192 539 8
Defense Modernization
Munitions Restocking
 -9 700 709 1,735 11
Cybersecurity
Agentic AI Security
 -10 171 181 483 2
Defense Modernization
Drones & Counter-Drone
 -10 350 360 942 30
Space Economy
Satellite Communications
 -13 159 172 461 16
Genomics & Gene Editing
 -14 861 875 2,095 199
Defense Modernization
 -16 1,189 1,205 2,702 163
Digital Payments & Fintech
 -20 1,298 1,318 2,899 148
Online Travel & Experiences
 -21 453 474 1,173 32
Artificial Intelligence
AI Memory & HBM
 -22 323 345 845 12
Robotics & Automation
 -22 825 847 2,003 83
Internet of Things
Smart Home
 -22 205 227 613 17
Semiconductors
Photonics & Optical Interconnect
 -26 206 232 628 20
Semiconductors
Advanced Packaging
 -28 270 298 736 10
Autonomous Driving
 -28 286 314 827 53
Future of Education
 -29 321 350 900 77
Sin Stocks
Casinos
 -30 342 372 927 24
Clean Energy
Wind
 -32 27 59 149 9
Digital Assets
 -33 234 267 691 160
Cannabis
 -34 81 115 266 52
Artificial Intelligence
Agentic AI
 -35 252 287 738 13
Critical Minerals & Rare Earths
 -35 159 194 532 60
Streaming & Digital Media
 -35 1,259 1,294 2,769 120
Robotics & Automation
Industrial Automation
 -37 744 781 1,842 16
Housing & Home Improvement
Homebuilders
 -39 424 463 1,159 45
Cybersecurity
 -40 935 975 2,205 85
Water
 -41 752 793 1,877 67
Clean Energy
Solar
 -45 202 247 603 54
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -46 274 320 787 19
Defense Modernization
Defense Tech & C4ISR
 -47 747 794 1,872 53
Energy Efficiency
 -52 702 754 1,799 31
E-Commerce
Food Delivery
 -57 95 152 373 12
Digital Payments & Fintech
Neobanks
 -62 188 250 608 25
Robotics & Automation
Warehouse & Logistics Robotics
 -69 436 505 1,243 3
Reuse, Repair & Circular Economy
 -70 632 702 1,636 68
E-Commerce
Marketplaces
 -95 1,235 1,330 2,867 106
E-Commerce
 -97 1,309 1,406 3,006 240
Genomics & Gene Editing
Gene Therapy
 -113 476 589 1,370 131
Artificial Intelligence
Chinese AI
 -147 269 416 920 14
Immunotherapy & Oncology
 -149 1,184 1,333 2,770 388