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
3D Printing & Additive Manufacturing
 626 764 138 1,081 20
Oil & Gas
 469 1,655 1,186 3,195 361
Semiconductors
 349 1,417 1,068 2,867 178
Oil & Gas
LNG
 325 933 608 1,862 32
Oil & Gas
Oilfield Services
 291 1,070 779 2,153 88
Agriculture & Food Technology
 290 818 528 1,678 79
SaaS & Enterprise Software
 279 1,461 1,182 3,042 266
Infrastructure & Construction
 267 1,030 763 2,148 127
Copper & Industrial Metals
 265 758 493 1,568 79
Quantum Computing
 257 819 562 1,736 19
Artificial Intelligence
AI Inference Silicon
 255 739 484 1,485 7
Housing & Home Improvement
Home & Garden Retail
 200 1,003 803 2,240 30
Carbon & Pollution Control
 199 693 494 1,473 23
Video Games & Esports
 196 1,129 933 2,504 55
Clean Energy
 193 915 722 2,069 134
Defense Modernization
 164 1,274 1,110 2,744 163
Water
 161 849 688 1,904 67
Electric Vehicles
 151 974 823 2,204 124
Housing & Home Improvement
 145 1,267 1,122 2,838 223
Semiconductors
Semicap & Lithography
 145 491 346 1,117 21
Medical Devices & Diagnostics
 144 1,379 1,235 3,009 342
Agriculture & Food Technology
Precision Agriculture
 141 431 290 982 4
Electric Vehicles
EV Charging Infrastructure
 140 400 260 899 21
Agriculture & Food Technology
Plant-Based Foods
 131 329 198 716 17
Defense Modernization
Munitions Restocking
 126 745 619 1,721 11
Gold & Precious Metals
 120 470 350 1,066 133
Gold & Precious Metals
Gold & Silver Miners
 119 464 345 1,058 124
Electrification & Grid
Grid Equipment
 118 421 303 941 10
Defense Modernization
Defense Tech & C4ISR
 112 801 689 1,870 53
Sin Stocks
Alcohol
 97 607 510 1,450 24
Sin Stocks
Tobacco & Nicotine
 95 729 634 1,738 13
Reshoring & American Manufacturing
 93 325 232 736 20
Water
Water Infrastructure
 93 422 329 1,004 17
Sin Stocks
 91 994 903 2,324 78
Data Centers & Digital Infrastructure
Liquid Cooling
 87 269 182 635 9
Data Centers & Digital Infrastructure
 80 713 633 1,666 78
Data Centers & Digital Infrastructure
Power for AI
 76 414 338 953 22
Electrification & Grid
Transmission Buildout
 76 214 138 484 6
Defense Modernization
Drones & Counter-Drone
 74 390 316 997 30
Robotics & Automation
 69 859 790 1,995 83
Housing & Home Improvement
Homebuilders
 68 497 429 1,196 45
Clean Energy
Hydrogen & Fuel Cells
 62 322 260 844 13
Luxury & Affluent Consumer
 60 511 451 1,269 40
Robotics & Automation
Industrial Automation
 59 787 728 1,846 16
Digital Health & Telemedicine
 51 685 634 1,659 84
Critical Minerals & Rare Earths
 45 194 149 485 60
Space Economy
 44 601 557 1,546 64
Semiconductors
Advanced Packaging
 40 301 261 738 10
Reuse, Repair & Circular Economy
 39 668 629 1,616 68
Streaming & Digital Media
News Media
 35 378 343 957 26
Cybersecurity
 32 962 930 2,259 85
Genomics & Gene Editing
 26 870 844 2,110 199
Future of Education
 19 330 311 892 77
Water
Sanitation
 19 187 168 512 8
Small Business Economy
 16 703 687 1,741 58
Nuclear Energy
Uranium Mining & Enrichment
 14 111 97 310 20
Longevity & Aging Population
 12 602 590 1,519 60
Digital Assets
Bitcoin Miners
 11 24 13 72 40
Internet of Things
 11 1,216 1,205 2,800 99
Infrastructure & Construction
Green Building
 8 79 71 212 5
Artificial Intelligence
AI Memory & HBM
 7 318 311 839 12
GLP-1 & Obesity
Obesity Second-Order Effects
 6 391 385 1,105 26
Nuclear Energy
Small Modular Reactors
 5 88 83 239 12
Nuclear Energy
 1 697 696 1,764 61
Energy Efficiency
 0 737 737 1,831 31
Defense Modernization
Military Shipbuilding
 -1 383 384 1,047 6
Sin Stocks
Casinos
 -2 340 342 911 24
Digital Assets
Corporate Crypto Treasuries
 -4 192 196 546 63
Clean Energy
Solar
 -7 220 227 657 54
Space Economy
Launch Services
 -9 49 58 152 5
Lithium & Battery Materials
 -9 154 163 477 47
Internet of Things
Smart Home
 -9 195 204 590 17
Space Economy
Satellite Communications
 -10 142 152 440 16
Artificial Intelligence
AI Software & Applications
 -17 186 203 552 85
Electrification & Grid
 -17 530 547 1,414 59
Semiconductors
Analog & Power Semis
 -19 587 606 1,512 27
Sports Betting & iGaming
 -19 114 133 355 29
Clean Energy
Wind
 -19 27 46 100 9
Virtual & Augmented Reality
 -21 23 44 116 20
Cannabis
 -25 88 113 290 52
Cybersecurity
Identity Security
 -30 77 107 285 15
Electrification & Grid
Energy Storage
 -31 231 262 731 26
Health & Wellness
 -32 770 802 1,985 78
Digital Payments & Fintech
Buy Now Pay Later
 -33 78 111 255 13
Autonomous Driving
 -36 290 326 868 53
Robotics & Automation
Warehouse & Logistics Robotics
 -42 461 503 1,303 3
Semiconductors
Photonics & Optical Interconnect
 -45 217 262 699 20
Pet Economy
 -46 939 985 2,324 34
Digital Assets
Stablecoin Infrastructure
 -51 326 377 1,007 9
E-Commerce
Food Delivery
 -53 110 163 430 12
Sin Stocks
Firearms
 -61 145 206 530 12
Genomics & Gene Editing
Gene Therapy
 -73 477 550 1,367 131
Cybersecurity
Agentic AI Security
 -74 164 238 566 2
Digital Assets
 -92 435 527 1,288 160
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -95 269 364 817 19
GLP-1 & Obesity
 -103 1,064 1,167 2,646 92
Digital Payments & Fintech
Neobanks
 -108 177 285 649 25
Immunotherapy & Oncology
 -109 1,197 1,306 2,886 388
Artificial Intelligence
Chinese AI
 -122 248 370 942 14
Online Travel & Experiences
 -134 433 567 1,312 32
Artificial Intelligence
Agentic AI
 -136 244 380 849 13
E-Commerce
 -145 1,267 1,412 3,128 240
Digital Payments & Fintech
 -153 1,230 1,383 3,041 148
E-Commerce
Marketplaces
 -157 1,197 1,354 2,999 106
Internet of Things
Wearables
 -198 956 1,154 2,484 21
Artificial Intelligence
 -260 1,242 1,502 3,129 264
Cloud Computing
Edge Computing
 -285 90 375 944 11
Social Media & Creator Economy
 -326 1,031 1,357 2,786 45
Cloud Computing
 -338 1,120 1,458 2,981 64
Streaming & Digital Media
 -536 1,000 1,536 2,948 120