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
Defense Modernization
 170 1,332 1,162 2,748 163
Quantum Computing
 162 773 611 1,726 19
Infrastructure & Construction
 151 984 833 2,154 127
Oil & Gas
LNG
 142 796 654 1,773 32
Agriculture & Food Technology
Precision Agriculture
 132 429 297 971 4
Sin Stocks
Tobacco & Nicotine
 116 798 682 1,807 13
Copper & Industrial Metals
 98 669 571 1,622 79
Digital Assets
 92 558 466 1,284 160
Agriculture & Food Technology
 88 696 608 1,697 79
Reuse, Repair & Circular Economy
 87 729 642 1,652 68
Electrification & Grid
Transmission Buildout
 86 226 140 493 6
Water
 83 856 773 1,951 67
Sin Stocks
 80 1,065 985 2,391 78
Semiconductors
Analog & Power Semis
 78 653 575 1,480 27
Internet of Things
Smart Home
 76 256 180 604 17
Water
Water Infrastructure
 73 443 370 1,048 17
Data Centers & Digital Infrastructure
 58 729 671 1,697 78
Medical Devices & Diagnostics
 56 1,392 1,336 3,008 342
Digital Assets
Stablecoin Infrastructure
 56 425 369 1,011 9
Sin Stocks
Alcohol
 52 620 568 1,461 24
Defense Modernization
Munitions Restocking
 52 748 696 1,769 11
Pet Economy
 52 1,033 981 2,340 34
Reshoring & American Manufacturing
 51 300 249 745 20
SaaS & Enterprise Software
 49 1,403 1,354 3,028 266
Cloud Computing
Edge Computing
 44 363 319 926 11
Nuclear Energy
Uranium Mining & Enrichment
 44 119 75 301 20
Robotics & Automation
Warehouse & Logistics Robotics
 41 537 496 1,342 3
Artificial Intelligence
AI Inference Silicon
 39 620 581 1,462 7
Small Business Economy
 39 740 701 1,745 58
Robotics & Automation
Industrial Automation
 37 813 776 1,906 16
Defense Modernization
Drones & Counter-Drone
 35 397 362 1,029 30
Robotics & Automation
 35 883 848 2,051 83
Energy Efficiency
 33 788 755 1,892 31
Agriculture & Food Technology
Plant-Based Foods
 33 268 235 724 17
Semiconductors
 32 1,325 1,293 2,871 178
Housing & Home Improvement
Home & Garden Retail
 31 976 945 2,234 30
Streaming & Digital Media
News Media
 30 355 325 902 26
Digital Payments & Fintech
 29 1,407 1,378 3,018 148
Infrastructure & Construction
Green Building
 28 97 69 241 5
Defense Modernization
Military Shipbuilding
 28 420 392 1,078 6
3D Printing & Additive Manufacturing
 26 442 416 1,089 20
Nuclear Energy
Small Modular Reactors
 24 97 73 242 12
Data Centers & Digital Infrastructure
Liquid Cooling
 21 238 217 653 9
Lithium & Battery Materials
 16 195 179 572 47
Housing & Home Improvement
Homebuilders
 15 478 463 1,204 45
Water
Sanitation
 13 214 201 591 8
Semiconductors
Advanced Packaging
 12 298 286 766 10
Carbon & Pollution Control
 12 615 603 1,513 23
Space Economy
Launch Services
 12 58 46 141 5
Luxury & Affluent Consumer
 11 507 496 1,260 40
Digital Assets
Corporate Crypto Treasuries
 10 179 169 458 63
Online Travel & Experiences
 9 534 525 1,320 32
GLP-1 & Obesity
Obesity Second-Order Effects
 8 444 436 1,144 26
Space Economy
 5 628 623 1,608 64
Internet of Things
Wearables
 3 1,092 1,089 2,432 21
Gold & Precious Metals
Gold & Silver Miners
 1 447 446 1,202 124
Digital Health & Telemedicine
 0 693 693 1,714 84
Clean Energy
Hydrogen & Fuel Cells
 0 306 306 868 13
Artificial Intelligence
AI Software & Applications
 -1 198 199 544 85
Gold & Precious Metals
 -1 452 453 1,211 133
Defense Modernization
Defense Tech & C4ISR
 -6 790 796 1,923 53
Semiconductors
Photonics & Optical Interconnect
 -6 258 264 709 20
Internet of Things
 -8 1,267 1,275 2,780 99
Digital Assets
Bitcoin Miners
 -9 15 24 66 40
Artificial Intelligence
AI Memory & HBM
 -10 318 328 874 12
Clean Energy
 -12 836 848 2,030 134
Clean Energy
Wind
 -17 25 42 117 9
Semiconductors
Semicap & Lithography
 -18 447 465 1,176 21
Sin Stocks
Firearms
 -22 187 209 568 12
Sports Betting & iGaming
 -22 118 140 368 29
Virtual & Augmented Reality
 -22 37 59 149 20
Electrification & Grid
Grid Equipment
 -23 359 382 969 10
Future of Education
 -25 327 352 904 77
Immunotherapy & Oncology
 -25 1,302 1,327 2,898 388
Digital Payments & Fintech
Neobanks
 -26 227 253 639 25
Cannabis
 -27 98 125 305 52
Artificial Intelligence
Agentic AI
 -28 326 354 869 13
Electrification & Grid
 -31 565 596 1,442 59
Video Games & Esports
 -32 1,086 1,118 2,495 55
Electric Vehicles
EV Charging Infrastructure
 -33 323 356 940 21
Nuclear Energy
 -34 736 770 1,824 61
Longevity & Aging Population
 -35 606 641 1,557 60
Digital Payments & Fintech
Buy Now Pay Later
 -39 68 107 248 13
Critical Minerals & Rare Earths
 -39 147 186 497 60
Space Economy
Satellite Communications
 -40 145 185 481 16
Data Centers & Digital Infrastructure
Power for AI
 -44 371 415 1,001 22
Autonomous Driving
 -46 304 350 871 53
Cybersecurity
Identity Security
 -47 72 119 293 15
Health & Wellness
 -50 783 833 1,938 78
Cybersecurity
 -54 956 1,010 2,256 85
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -55 295 350 872 19
Artificial Intelligence
 -59 1,411 1,470 3,114 264
Artificial Intelligence
Chinese AI
 -59 314 373 883 14
GLP-1 & Obesity
 -65 1,141 1,206 2,650 92
Housing & Home Improvement
 -69 1,223 1,292 2,842 223
E-Commerce
Food Delivery
 -75 117 192 420 12
Genomics & Gene Editing
 -84 838 922 2,089 199
Clean Energy
Solar
 -84 198 282 661 54
E-Commerce
 -86 1,369 1,455 3,081 240
Genomics & Gene Editing
Gene Therapy
 -88 466 554 1,322 131
Cloud Computing
 -97 1,308 1,405 2,970 64
E-Commerce
Marketplaces
 -98 1,297 1,395 2,943 106
Cybersecurity
Agentic AI Security
 -99 146 245 511 2
Electrification & Grid
Energy Storage
 -117 209 326 743 26
Electric Vehicles
 -143 850 993 2,154 124
Social Media & Creator Economy
 -147 1,181 1,328 2,759 45
Sin Stocks
Casinos
 -148 304 452 982 24
Oil & Gas
 -177 1,361 1,538 3,170 361
Streaming & Digital Media
 -178 1,242 1,420 2,935 120
Oil & Gas
Oilfield Services
 -197 829 1,026 2,174 88