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
Clean Energy
Hydrogen & Fuel Cells
 411 596 185 919 13
Clean Energy
 397 1,091 694 2,134 134
Copper & Industrial Metals
 341 815 474 1,665 79
Semiconductors
 329 1,471 1,142 3,030 178
Electric Vehicles
EV Charging Infrastructure
 305 572 267 984 21
Robotics & Automation
 296 1,074 778 2,153 83
Internet of Things
 289 1,399 1,110 2,966 99
Robotics & Automation
Warehouse & Logistics Robotics
 283 770 487 1,437 3
Robotics & Automation
Industrial Automation
 264 993 729 1,986 16
Immunotherapy & Oncology
 247 1,419 1,172 3,005 388
Electric Vehicles
 243 1,052 809 2,276 124
Energy Efficiency
 243 967 724 1,959 31
GLP-1 & Obesity
 238 1,283 1,045 2,753 92
Infrastructure & Construction
 235 1,017 782 2,239 127
Internet of Things
Wearables
 235 1,200 965 2,586 21
Digital Payments & Fintech
 230 1,466 1,236 3,148 148
Housing & Home Improvement
 211 1,345 1,134 2,940 223
Housing & Home Improvement
Home & Garden Retail
 208 1,028 820 2,279 30
Oil & Gas
LNG
 173 811 638 1,834 32
Video Games & Esports
 143 1,182 1,039 2,664 55
GLP-1 & Obesity
Obesity Second-Order Effects
 130 542 412 1,179 26
SaaS & Enterprise Software
 130 1,442 1,312 3,177 266
Defense Modernization
 128 1,305 1,177 2,879 163
Sin Stocks
 125 1,084 959 2,495 78
Reuse, Repair & Circular Economy
 123 737 614 1,740 68
Carbon & Pollution Control
 118 671 553 1,586 23
Small Business Economy
 116 763 647 1,805 58
Agriculture & Food Technology
Precision Agriculture
 115 407 292 1,045 4
E-Commerce
Marketplaces
 109 1,368 1,259 3,085 106
Housing & Home Improvement
Homebuilders
 104 519 415 1,229 45
Medical Devices & Diagnostics
 101 1,380 1,279 3,095 342
Oil & Gas
Oilfield Services
 99 993 894 2,323 88
Artificial Intelligence
AI Memory & HBM
 98 393 295 932 12
Digital Health & Telemedicine
 95 772 677 1,843 84
Semiconductors
Advanced Packaging
 90 358 268 824 10
Semiconductors
Analog & Power Semis
 88 670 582 1,610 27
Nuclear Energy
 86 781 695 1,875 61
Health & Wellness
 84 840 756 1,988 78
Sin Stocks
Alcohol
 81 632 551 1,489 24
Reshoring & American Manufacturing
 74 303 229 764 20
E-Commerce
 73 1,418 1,345 3,222 240
Electrification & Grid
Transmission Buildout
 73 229 156 536 6
Semiconductors
Semicap & Lithography
 67 519 452 1,300 21
3D Printing & Additive Manufacturing
 64 453 389 1,153 20
Sin Stocks
Tobacco & Nicotine
 62 761 699 1,870 13
Future of Education
 54 378 324 938 77
Cloud Computing
Edge Computing
 51 382 331 1,028 11
Artificial Intelligence
Chinese AI
 50 387 337 979 14
Quantum Computing
 50 723 673 1,816 19
Data Centers & Digital Infrastructure
 48 709 661 1,769 78
Pet Economy
 47 1,033 986 2,446 34
Cybersecurity
 46 1,026 980 2,366 85
Agriculture & Food Technology
 45 701 656 1,802 79
Artificial Intelligence
 45 1,451 1,406 3,287 264
Cannabis
 45 135 90 347 52
Clean Energy
Solar
 44 235 191 600 54
Data Centers & Digital Infrastructure
Liquid Cooling
 42 254 212 688 9
Defense Modernization
Munitions Restocking
 40 756 716 1,871 11
Genomics & Gene Editing
Gene Therapy
 37 543 506 1,360 131
Space Economy
 37 650 613 1,695 64
Online Travel & Experiences
 36 544 508 1,389 32
Defense Modernization
Military Shipbuilding
 35 439 404 1,179 6
Defense Modernization
Drones & Counter-Drone
 29 414 385 1,125 30
Internet of Things
Smart Home
 27 230 203 643 17
Streaming & Digital Media
News Media
 26 341 315 925 26
Gold & Precious Metals
Gold & Silver Miners
 25 452 427 1,218 124
Data Centers & Digital Infrastructure
Power for AI
 25 419 394 1,065 22
Genomics & Gene Editing
 24 891 867 2,139 199
Gold & Precious Metals
 23 455 432 1,235 133
Oil & Gas
 21 1,453 1,432 3,322 361
Electrification & Grid
Grid Equipment
 18 374 356 980 10
Artificial Intelligence
AI Software & Applications
 15 200 185 546 85
Digital Payments & Fintech
Buy Now Pay Later
 13 101 88 254 13
E-Commerce
Food Delivery
 13 161 148 431 12
Critical Minerals & Rare Earths
 12 180 168 544 60
Agriculture & Food Technology
Plant-Based Foods
 12 264 252 759 17
Virtual & Augmented Reality
 11 43 32 126 20
Water
Water Infrastructure
 11 410 399 1,112 17
Infrastructure & Construction
Green Building
 10 100 90 269 5
Semiconductors
Photonics & Optical Interconnect
 10 281 271 766 20
Sin Stocks
Firearms
 8 201 193 579 12
Digital Assets
Stablecoin Infrastructure
 7 385 378 1,058 9
Digital Assets
Bitcoin Miners
 4 21 17 71 40
Artificial Intelligence
Agentic AI
 3 334 331 909 13
Lithium & Battery Materials
 1 219 218 617 47
Digital Assets
Corporate Crypto Treasuries
 -1 151 152 451 63
Artificial Intelligence
AI Inference Silicon
 -2 615 617 1,590 7
Nuclear Energy
Small Modular Reactors
 -9 79 88 261 12
Cybersecurity
Agentic AI Security
 -11 180 191 550 2
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -11 317 328 883 19
Nuclear Energy
Uranium Mining & Enrichment
 -12 91 103 315 20
Digital Assets
 -14 482 496 1,328 160
Longevity & Aging Population
 -17 630 647 1,625 60
Cloud Computing
 -18 1,343 1,361 3,133 64
Sports Betting & iGaming
 -18 119 137 357 29
Defense Modernization
Defense Tech & C4ISR
 -19 796 815 2,028 53
Luxury & Affluent Consumer
 -19 480 499 1,305 40
Cybersecurity
Identity Security
 -20 91 111 301 15
Water
Sanitation
 -20 202 222 638 8
Space Economy
Satellite Communications
 -21 155 176 497 16
Space Economy
Launch Services
 -22 38 60 155 5
Clean Energy
Wind
 -24 36 60 168 9
Digital Payments & Fintech
Neobanks
 -46 218 264 696 25
Social Media & Creator Economy
 -50 1,215 1,265 2,910 45
Electrification & Grid
 -56 550 606 1,523 59
Water
 -66 796 862 2,076 67
Sin Stocks
Casinos
 -70 345 415 1,032 24
Streaming & Digital Media
 -80 1,285 1,365 3,112 120
Electrification & Grid
Energy Storage
 -122 210 332 783 26
Autonomous Driving
 -129 265 394 935 53