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
 648 1,640 992 3,142 163
Internet of Things
 409 1,569 1,160 3,338 99
Digital Payments & Fintech
 397 1,670 1,273 3,562 148
Internet of Things
Wearables
 395 1,369 974 2,930 21
Immunotherapy & Oncology
 309 1,538 1,229 3,300 388
Electric Vehicles
EV Charging Infrastructure
 284 595 311 1,122 21
Semiconductors
 273 1,551 1,278 3,360 178
Oil & Gas
Oilfield Services
 261 1,092 831 2,391 88
Video Games & Esports
 257 1,361 1,104 3,010 55
Social Media & Creator Economy
 251 1,483 1,232 3,278 45
Artificial Intelligence
AI Inference Silicon
 238 706 468 1,594 7
Oil & Gas
 232 1,637 1,405 3,613 361
E-Commerce
Marketplaces
 201 1,531 1,330 3,481 106
Artificial Intelligence
 194 1,635 1,441 3,654 264
Health & Wellness
 193 959 766 2,253 78
Oil & Gas
LNG
 193 863 670 2,024 32
Housing & Home Improvement
 188 1,431 1,243 3,288 223
E-Commerce
 172 1,583 1,411 3,608 240
Electric Vehicles
 166 1,096 930 2,550 124
Clean Energy
 162 1,038 876 2,376 134
Small Business Economy
 160 851 691 2,033 58
Agriculture & Food Technology
 158 828 670 2,011 79
Medical Devices & Diagnostics
 158 1,509 1,351 3,411 342
Carbon & Pollution Control
 157 704 547 1,679 23
Sin Stocks
 143 1,168 1,025 2,763 78
Pet Economy
 135 1,126 991 2,628 34
Cloud Computing
 119 1,535 1,416 3,520 64
Cloud Computing
Edge Computing
 119 382 263 970 11
Defense Modernization
Munitions Restocking
 118 866 748 2,137 11
Digital Health & Telemedicine
 114 884 770 2,140 84
SaaS & Enterprise Software
 114 1,544 1,430 3,527 266
Semiconductors
Semicap & Lithography
 111 670 559 1,621 21
Reuse, Repair & Circular Economy
 110 791 681 1,895 68
Housing & Home Improvement
Homebuilders
 105 608 503 1,507 45
Nuclear Energy
 103 843 740 2,074 61
GLP-1 & Obesity
Obesity Second-Order Effects
 97 488 391 1,241 26
Digital Assets
Stablecoin Infrastructure
 94 521 427 1,341 9
Future of Education
 92 445 353 1,078 77
Genomics & Gene Editing
 90 994 904 2,437 199
Housing & Home Improvement
Home & Garden Retail
 88 1,057 969 2,609 30
3D Printing & Additive Manufacturing
 79 482 403 1,243 20
Water
Water Infrastructure
 79 499 420 1,249 17
Defense Modernization
Drones & Counter-Drone
 76 493 417 1,336 30
Copper & Industrial Metals
 72 717 645 1,828 79
Sin Stocks
Tobacco & Nicotine
 67 829 762 2,077 13
Streaming & Digital Media
 62 1,476 1,414 3,478 120
Reshoring & American Manufacturing
 61 295 234 788 20
Digital Assets
 59 625 566 1,632 160
Agriculture & Food Technology
Precision Agriculture
 58 436 378 1,233 4
Semiconductors
Analog & Power Semis
 55 781 726 1,975 27
Infrastructure & Construction
 54 1,016 962 2,541 127
Defense Modernization
Defense Tech & C4ISR
 53 907 854 2,308 53
Quantum Computing
 51 761 710 1,976 19
Sin Stocks
Alcohol
 48 653 605 1,687 24
Water
Sanitation
 47 262 215 701 8
Semiconductors
Photonics & Optical Interconnect
 44 311 267 824 20
Robotics & Automation
 40 980 940 2,454 83
Energy Efficiency
 39 886 847 2,261 31
Artificial Intelligence
AI Memory & HBM
 38 458 420 1,213 12
Longevity & Aging Population
 34 704 670 1,763 60
Semiconductors
Advanced Packaging
 28 337 309 890 10
Lithium & Battery Materials
 27 290 263 815 47
Cybersecurity
 26 1,081 1,055 2,632 85
Luxury & Affluent Consumer
 25 521 496 1,442 40
Data Centers & Digital Infrastructure
Power for AI
 25 466 441 1,251 22
Infrastructure & Construction
Green Building
 23 117 94 336 5
Agriculture & Food Technology
Plant-Based Foods
 23 284 261 805 17
Data Centers & Digital Infrastructure
Liquid Cooling
 22 259 237 755 9
Nuclear Energy
Small Modular Reactors
 22 98 76 269 12
Nuclear Energy
Uranium Mining & Enrichment
 22 121 99 373 20
Defense Modernization
Military Shipbuilding
 21 477 456 1,344 6
Genomics & Gene Editing
Gene Therapy
 20 576 556 1,568 131
Sin Stocks
Casinos
 17 463 446 1,236 24
Space Economy
 15 733 718 2,006 64
Online Travel & Experiences
 13 587 574 1,527 32
Cannabis
 9 122 113 371 52
Digital Payments & Fintech
Buy Now Pay Later
 2 116 114 350 13
Sports Betting & iGaming
 0 142 142 439 29
Sin Stocks
Firearms
 -1 197 198 584 12
Digital Assets
Bitcoin Miners
 -3 17 20 90 40
Cybersecurity
Agentic AI Security
 -4 200 204 628 2
Virtual & Augmented Reality
 -4 37 41 145 20
Artificial Intelligence
AI Software & Applications
 -5 193 198 573 85
Robotics & Automation
Warehouse & Logistics Robotics
 -5 607 612 1,714 3
Internet of Things
Smart Home
 -9 243 252 759 17
GLP-1 & Obesity
 -11 1,224 1,235 2,996 92
Electrification & Grid
Transmission Buildout
 -11 218 229 648 6
Robotics & Automation
Industrial Automation
 -12 869 881 2,254 16
Digital Payments & Fintech
Neobanks
 -12 255 267 745 25
Clean Energy
Solar
 -13 238 251 707 54
Streaming & Digital Media
News Media
 -14 358 372 1,019 26
Space Economy
Launch Services
 -16 70 86 212 5
Electrification & Grid
Energy Storage
 -18 302 320 928 26
Clean Energy
Wind
 -19 54 73 208 9
Artificial Intelligence
Agentic AI
 -21 388 409 1,147 13
Space Economy
Satellite Communications
 -24 176 200 559 16
Autonomous Driving
 -27 400 427 1,187 53
Digital Assets
Corporate Crypto Treasuries
 -37 125 162 440 63
Electrification & Grid
Grid Equipment
 -40 387 427 1,162 10
Clean Energy
Hydrogen & Fuel Cells
 -41 334 375 1,067 13
Gold & Precious Metals
 -43 450 493 1,310 133
E-Commerce
Food Delivery
 -45 187 232 648 12
Gold & Precious Metals
Gold & Silver Miners
 -45 442 487 1,297 124
Data Centers & Digital Infrastructure
 -50 748 798 2,046 78
Critical Minerals & Rare Earths
 -51 188 239 643 60
Electrification & Grid
 -62 627 689 1,786 59
Water
 -63 965 1,028 2,569 67
Cybersecurity
Identity Security
 -85 79 164 402 15
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -95 341 436 1,076 19
Artificial Intelligence
Chinese AI
 -98 457 555 1,379 14