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
Internet of Things
Wearables
 653 1,483 830 2,646 21
Internet of Things
 451 1,579 1,128 3,021 99
Digital Payments & Fintech
 319 1,607 1,288 3,214 148
Electric Vehicles
EV Charging Infrastructure
 284 583 299 980 21
Video Games & Esports
 235 1,301 1,066 2,682 55
SaaS & Enterprise Software
 209 1,559 1,350 3,199 266
Sin Stocks
Tobacco & Nicotine
 187 889 702 1,918 13
E-Commerce
Marketplaces
 180 1,492 1,312 3,115 106
Infrastructure & Construction
 177 1,038 861 2,243 127
E-Commerce
 172 1,561 1,389 3,231 240
Defense Modernization
 161 1,387 1,226 2,893 163
Clean Energy
 140 991 851 2,117 134
Small Business Economy
 140 815 675 1,835 58
Defense Modernization
Munitions Restocking
 124 835 711 1,901 11
Agriculture & Food Technology
 123 783 660 1,807 79
Defense Modernization
Drones & Counter-Drone
 114 480 366 1,139 30
Agriculture & Food Technology
Precision Agriculture
 110 440 330 1,069 4
Pet Economy
 105 1,121 1,016 2,483 34
Oil & Gas
LNG
 102 817 715 1,841 32
Carbon & Pollution Control
 84 681 597 1,574 23
Quantum Computing
 84 784 700 1,863 19
Robotics & Automation
 84 973 889 2,197 83
Sin Stocks
 83 1,127 1,044 2,536 78
Housing & Home Improvement
Home & Garden Retail
 79 1,029 950 2,324 30
Robotics & Automation
Industrial Automation
 76 884 808 2,025 16
GLP-1 & Obesity
 65 1,250 1,185 2,769 92
Water
 65 906 841 2,120 67
Defense Modernization
Defense Tech & C4ISR
 62 884 822 2,054 53
Sin Stocks
Firearms
 62 229 167 571 12
Electrification & Grid
Transmission Buildout
 62 235 173 547 6
Artificial Intelligence
AI Memory & HBM
 59 408 349 976 12
Water
Water Infrastructure
 59 470 411 1,134 17
Cloud Computing
Edge Computing
 46 391 345 1,003 11
GLP-1 & Obesity
Obesity Second-Order Effects
 45 482 437 1,186 26
Energy Efficiency
 43 851 808 2,020 31
Semiconductors
Semicap & Lithography
 40 553 513 1,354 21
Digital Health & Telemedicine
 39 802 763 1,901 84
Space Economy
 35 702 667 1,731 64
Robotics & Automation
Warehouse & Logistics Robotics
 35 578 543 1,473 3
Agriculture & Food Technology
Plant-Based Foods
 29 282 253 761 17
Data Centers & Digital Infrastructure
Power for AI
 29 444 415 1,095 22
Semiconductors
Advanced Packaging
 28 334 306 828 10
Sin Stocks
Alcohol
 27 611 584 1,527 24
Cybersecurity
 26 1,058 1,032 2,410 85
Internet of Things
Smart Home
 26 243 217 659 17
Data Centers & Digital Infrastructure
Liquid Cooling
 24 255 231 677 9
Reshoring & American Manufacturing
 23 291 268 767 20
Artificial Intelligence
 22 1,536 1,514 3,318 264
Defense Modernization
Military Shipbuilding
 20 476 456 1,220 6
Electric Vehicles
 15 995 980 2,293 124
Water
Sanitation
 13 237 224 627 8
Infrastructure & Construction
Green Building
 12 106 94 265 5
3D Printing & Additive Manufacturing
 11 444 433 1,132 20
Artificial Intelligence
AI Software & Applications
 11 195 184 567 85
Electrification & Grid
Grid Equipment
 11 388 377 1,005 10
Virtual & Augmented Reality
 10 40 30 130 20
Digital Assets
Corporate Crypto Treasuries
 9 156 147 426 63
Electrification & Grid
 7 618 611 1,571 59
Critical Minerals & Rare Earths
 6 196 190 585 60
Nuclear Energy
Small Modular Reactors
 6 88 82 266 12
Future of Education
 5 373 368 996 77
Electrification & Grid
Energy Storage
 3 284 281 810 26
Digital Assets
Bitcoin Miners
 1 17 16 66 40
Autonomous Driving
 0 354 354 982 53
Clean Energy
Wind
 -4 51 55 179 9
Medical Devices & Diagnostics
 -5 1,407 1,412 3,145 342
Nuclear Energy
Uranium Mining & Enrichment
 -8 95 103 340 20
Sports Betting & iGaming
 -13 122 135 353 29
Clean Energy
Solar
 -14 200 214 584 54
Nuclear Energy
 -15 781 796 1,895 61
Digital Assets
 -16 526 542 1,373 160
Reuse, Repair & Circular Economy
 -16 695 711 1,755 68
Cybersecurity
Identity Security
 -18 94 112 295 15
Immunotherapy & Oncology
 -18 1,367 1,385 3,031 388
Artificial Intelligence
Agentic AI
 -19 360 379 952 13
Space Economy
Launch Services
 -19 44 63 165 5
Streaming & Digital Media
News Media
 -19 328 347 946 26
Digital Payments & Fintech
Buy Now Pay Later
 -23 74 97 251 13
Clean Energy
Hydrogen & Fuel Cells
 -23 313 336 926 13
Gold & Precious Metals
Gold & Silver Miners
 -24 444 468 1,224 124
Luxury & Affluent Consumer
 -26 488 514 1,297 40
Cannabis
 -28 107 135 340 52
Genomics & Gene Editing
 -31 896 927 2,202 199
Gold & Precious Metals
 -31 445 476 1,236 133
Digital Payments & Fintech
Neobanks
 -31 238 269 701 25
Semiconductors
Photonics & Optical Interconnect
 -32 269 301 794 20
Digital Assets
Stablecoin Infrastructure
 -32 399 431 1,073 9
E-Commerce
Food Delivery
 -33 147 180 448 12
Lithium & Battery Materials
 -34 224 258 673 47
Cybersecurity
Agentic AI Security
 -35 182 217 555 2
Online Travel & Experiences
 -37 547 584 1,434 32
Genomics & Gene Editing
Gene Therapy
 -44 520 564 1,383 131
Sin Stocks
Casinos
 -45 384 429 1,074 24
Longevity & Aging Population
 -47 642 689 1,639 60
Semiconductors
 -51 1,371 1,422 3,059 178
Housing & Home Improvement
Homebuilders
 -56 456 512 1,266 45
Space Economy
Satellite Communications
 -63 144 207 512 16
Data Centers & Digital Infrastructure
 -64 692 756 1,810 78
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -64 311 375 886 19
Housing & Home Improvement
 -73 1,284 1,357 2,987 223
Copper & Industrial Metals
 -81 621 702 1,721 79
Social Media & Creator Economy
 -94 1,285 1,379 2,967 45
Artificial Intelligence
AI Inference Silicon
 -95 593 688 1,521 7
Artificial Intelligence
Chinese AI
 -108 330 438 1,048 14
Semiconductors
Analog & Power Semis
 -117 630 747 1,683 27
Oil & Gas
Oilfield Services
 -164 916 1,080 2,310 88
Health & Wellness
 -170 762 932 2,029 78
Cloud Computing
 -174 1,351 1,525 3,158 64
Streaming & Digital Media
 -200 1,314 1,514 3,134 120
Oil & Gas
 -372 1,353 1,725 3,322 361