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
Medical Devices & Diagnostics
 385 1,532 1,147 2,894 342
Semiconductors
 293 1,423 1,130 2,777 178
Artificial Intelligence
AI Inference Silicon
 282 780 498 1,510 7
E-Commerce
Marketplaces
 241 1,427 1,186 2,834 106
Oil & Gas
 241 1,574 1,333 3,093 361
E-Commerce
 240 1,493 1,253 2,965 240
Oil & Gas
LNG
 182 901 719 1,867 32
Agriculture & Food Technology
 180 791 611 1,691 79
Clean Energy
 156 915 759 2,002 134
Agriculture & Food Technology
Precision Agriculture
 156 452 296 975 4
Infrastructure & Construction
 143 988 845 2,122 127
Defense Modernization
Military Shipbuilding
 142 452 310 1,010 6
Quantum Computing
 139 767 628 1,714 19
SaaS & Enterprise Software
 138 1,398 1,260 2,914 266
Defense Modernization
Munitions Restocking
 130 781 651 1,680 11
Space Economy
 117 636 519 1,486 64
Luxury & Affluent Consumer
 113 539 426 1,219 40
Defense Modernization
Drones & Counter-Drone
 107 407 300 950 30
Defense Modernization
Defense Tech & C4ISR
 106 824 718 1,804 53
Robotics & Automation
 102 894 792 1,941 83
Future of Education
 86 395 309 875 77
Electric Vehicles
EV Charging Infrastructure
 74 376 302 898 21
3D Printing & Additive Manufacturing
 66 465 399 1,124 20
Robotics & Automation
Industrial Automation
 66 802 736 1,797 16
Data Centers & Digital Infrastructure
Liquid Cooling
 62 262 200 617 9
Data Centers & Digital Infrastructure
Power for AI
 57 410 353 947 22
Cloud Computing
 54 1,286 1,232 2,787 64
Electrification & Grid
Grid Equipment
 53 400 347 936 10
Carbon & Pollution Control
 52 618 566 1,458 23
Small Business Economy
 52 702 650 1,659 58
Nuclear Energy
 48 727 679 1,710 61
Clean Energy
Hydrogen & Fuel Cells
 45 320 275 839 13
Copper & Industrial Metals
 44 677 633 1,594 79
GLP-1 & Obesity
Obesity Second-Order Effects
 40 424 384 1,080 26
Health & Wellness
 38 818 780 1,940 78
Sin Stocks
Tobacco & Nicotine
 36 704 668 1,666 13
Defense Modernization
 35 1,225 1,190 2,663 163
Semiconductors
Analog & Power Semis
 31 609 578 1,451 27
Data Centers & Digital Infrastructure
 31 682 651 1,633 78
Electrification & Grid
 29 582 553 1,376 59
Agriculture & Food Technology
Plant-Based Foods
 28 297 269 738 17
Sin Stocks
Alcohol
 26 556 530 1,380 24
Semiconductors
Semicap & Lithography
 25 450 425 1,082 21
Electrification & Grid
Transmission Buildout
 21 210 189 515 6
Electric Vehicles
 20 931 911 2,117 124
Internet of Things
 19 1,239 1,220 2,699 99
Oil & Gas
Oilfield Services
 15 958 943 2,148 88
Reshoring & American Manufacturing
 13 285 272 731 20
Digital Assets
Bitcoin Miners
 0 18 18 64 40
Digital Assets
Corporate Crypto Treasuries
 -3 199 202 571 63
Virtual & Augmented Reality
 -3 33 36 101 20
Nuclear Energy
Uranium Mining & Enrichment
 -5 107 112 318 20
Internet of Things
Smart Home
 -6 206 212 581 17
Digital Assets
Stablecoin Infrastructure
 -6 1 7 917 9
Artificial Intelligence
Chinese AI
 -8 311 319 807 14
Artificial Intelligence
 -11 1,369 1,380 2,981 264
Sin Stocks
Firearms
 -14 161 175 494 12
Infrastructure & Construction
Green Building
 -15 69 84 209 5
Nuclear Energy
Small Modular Reactors
 -15 81 96 243 12
Digital Payments & Fintech
Buy Now Pay Later
 -17 91 108 260 13
Space Economy
Launch Services
 -18 41 59 154 5
Genomics & Gene Editing
 -20 867 887 2,060 199
Cybersecurity
Identity Security
 -20 85 105 280 15
Robotics & Automation
Warehouse & Logistics Robotics
 -20 471 491 1,230 3
Water
Water Infrastructure
 -20 364 384 974 17
Clean Energy
Wind
 -21 38 59 135 9
Cannabis
 -23 82 105 273 52
Space Economy
Satellite Communications
 -27 144 171 438 16
Cloud Computing
Edge Computing
 -28 196 224 581 11
Sports Betting & iGaming
 -28 103 131 334 29
Lithium & Battery Materials
 -29 144 173 457 47
Critical Minerals & Rare Earths
 -31 160 191 503 60
Video Games & Esports
 -35 1,005 1,040 2,342 55
Semiconductors
Advanced Packaging
 -36 270 306 742 10
Digital Payments & Fintech
Neobanks
 -36 212 248 634 25
Water
Sanitation
 -39 167 206 506 8
Streaming & Digital Media
News Media
 -41 349 390 954 26
Housing & Home Improvement
Home & Garden Retail
 -42 878 920 2,140 30
Sin Stocks
 -44 929 973 2,230 78
Cybersecurity
Agentic AI Security
 -47 165 212 518 2
Sin Stocks
Casinos
 -48 320 368 886 24
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -51 271 322 785 19
Gold & Precious Metals
Gold & Silver Miners
 -57 394 451 1,095 124
Artificial Intelligence
AI Memory & HBM
 -59 291 350 819 12
E-Commerce
Food Delivery
 -60 95 155 361 12
Clean Energy
Solar
 -61 186 247 610 54
Reuse, Repair & Circular Economy
 -62 624 686 1,588 68
GLP-1 & Obesity
 -64 1,093 1,157 2,554 92
Water
 -64 737 801 1,842 67
Digital Health & Telemedicine
 -65 628 693 1,622 84
Gold & Precious Metals
 -65 396 461 1,105 133
Artificial Intelligence
AI Software & Applications
 -67 162 229 546 85
Autonomous Driving
 -74 275 349 815 53
Energy Efficiency
 -85 705 790 1,783 31
Housing & Home Improvement
Homebuilders
 -98 392 490 1,193 45
Online Travel & Experiences
 -98 430 528 1,219 32
Electrification & Grid
Energy Storage
 -103 190 293 690 26
Genomics & Gene Editing
Gene Therapy
 -111 473 584 1,335 131
Artificial Intelligence
Agentic AI
 -124 227 351 760 13
Longevity & Aging Population
 -128 549 677 1,492 60
Housing & Home Improvement
 -135 1,153 1,288 2,753 223
Semiconductors
Photonics & Optical Interconnect
 -140 161 301 652 20
Pet Economy
 -169 886 1,055 2,262 34
Streaming & Digital Media
 -182 1,174 1,356 2,798 120
Internet of Things
Wearables
 -184 985 1,169 2,393 21
Cybersecurity
 -197 854 1,051 2,175 85
Immunotherapy & Oncology
 -219 1,155 1,374 2,770 388
Social Media & Creator Economy
 -226 1,062 1,288 2,624 45
Digital Assets
 -357 116 473 1,219 160
Digital Payments & Fintech
 -577 1,035 1,612 2,912 148