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
 503 1,554 1,051 2,971 21
Digital Payments & Fintech
 455 1,856 1,401 3,558 148
Internet of Things
 447 1,725 1,278 3,361 99
SaaS & Enterprise Software
 314 1,792 1,478 3,558 266
Electric Vehicles
EV Charging Infrastructure
 312 683 371 1,172 21
Artificial Intelligence
AI Inference Silicon
 264 740 476 1,548 7
GLP-1 & Obesity
 250 1,462 1,212 3,021 92
Video Games & Esports
 213 1,477 1,264 3,081 55
E-Commerce
Marketplaces
 189 1,681 1,492 3,495 106
Sin Stocks
Tobacco & Nicotine
 186 917 731 1,946 13
Immunotherapy & Oncology
 180 1,584 1,404 3,298 388
E-Commerce
 177 1,742 1,565 3,609 240
Cloud Computing
 174 1,714 1,540 3,538 64
Housing & Home Improvement
Home & Garden Retail
 163 1,216 1,053 2,646 30
3D Printing & Additive Manufacturing
 151 550 399 1,255 20
Housing & Home Improvement
 150 1,546 1,396 3,290 223
Oil & Gas
Oilfield Services
 132 1,077 945 2,380 88
Luxury & Affluent Consumer
 128 632 504 1,466 40
Nuclear Energy
 128 906 778 2,054 61
Cybersecurity
 123 1,256 1,133 2,734 85
Defense Modernization
 123 1,469 1,346 3,132 163
Social Media & Creator Economy
 123 1,588 1,465 3,338 45
Semiconductors
Semicap & Lithography
 114 693 579 1,549 21
Pet Economy
 109 1,216 1,107 2,692 34
Artificial Intelligence
 108 1,754 1,646 3,644 264
Cloud Computing
Edge Computing
 103 404 301 989 11
Health & Wellness
 100 1,006 906 2,355 78
Quantum Computing
 99 829 730 1,924 19
Electric Vehicles
 96 1,137 1,041 2,486 124
Defense Modernization
Munitions Restocking
 92 900 808 2,112 11
Water
Water Infrastructure
 92 539 447 1,312 17
Carbon & Pollution Control
 91 708 617 1,671 23
Reuse, Repair & Circular Economy
 89 833 744 1,974 68
Reshoring & American Manufacturing
 88 340 252 823 20
Small Business Economy
 85 930 845 2,177 58
Infrastructure & Construction
 84 1,084 1,000 2,527 127
Sin Stocks
 84 1,207 1,123 2,693 78
Energy Efficiency
 82 970 888 2,249 31
Clean Energy
 80 1,079 999 2,418 134
Agriculture & Food Technology
 75 871 796 2,062 79
Data Centers & Digital Infrastructure
Power for AI
 74 519 445 1,287 22
Defense Modernization
Drones & Counter-Drone
 71 530 459 1,346 30
Agriculture & Food Technology
Precision Agriculture
 69 459 390 1,201 4
Longevity & Aging Population
 64 735 671 1,761 60
Electrification & Grid
Energy Storage
 57 352 295 891 26
Electrification & Grid
 56 750 694 1,806 59
Artificial Intelligence
AI Memory & HBM
 53 521 468 1,235 12
Streaming & Digital Media
News Media
 46 404 358 1,040 26
Gold & Precious Metals
 45 524 479 1,324 133
Water
Sanitation
 44 285 241 759 8
Gold & Precious Metals
Gold & Silver Miners
 42 517 475 1,308 124
Data Centers & Digital Infrastructure
Liquid Cooling
 41 308 267 870 9
Electrification & Grid
Grid Equipment
 39 486 447 1,270 10
Oil & Gas
LNG
 36 871 835 2,122 32
Copper & Industrial Metals
 32 756 724 1,852 79
Housing & Home Improvement
Homebuilders
 31 586 555 1,462 45
Robotics & Automation
 31 1,064 1,033 2,473 83
Water
 31 1,077 1,046 2,514 67
Digital Payments & Fintech
Neobanks
 27 306 279 802 25
Clean Energy
Hydrogen & Fuel Cells
 26 407 381 1,140 13
Medical Devices & Diagnostics
 24 1,556 1,532 3,410 342
Digital Payments & Fintech
Buy Now Pay Later
 22 160 138 426 13
Defense Modernization
Defense Tech & C4ISR
 19 974 955 2,309 53
Robotics & Automation
Warehouse & Logistics Robotics
 19 695 676 1,740 3
Sin Stocks
Alcohol
 17 694 677 1,740 24
Clean Energy
Solar
 14 249 235 690 54
Future of Education
 12 426 414 1,077 77
Artificial Intelligence
AI Software & Applications
 11 197 186 572 85
Space Economy
 11 791 780 2,006 64
GLP-1 & Obesity
Obesity Second-Order Effects
 8 503 495 1,334 26
Nuclear Energy
Small Modular Reactors
 8 94 86 264 12
Semiconductors
Advanced Packaging
 7 356 349 947 10
Space Economy
Launch Services
 6 79 73 234 5
Semiconductors
 4 1,538 1,534 3,340 178
Infrastructure & Construction
Green Building
 3 131 128 374 5
Digital Assets
Corporate Crypto Treasuries
 2 131 129 412 63
Virtual & Augmented Reality
 2 45 43 161 20
Digital Assets
Bitcoin Miners
 1 16 15 73 40
E-Commerce
Food Delivery
 1 260 259 718 12
Autonomous Driving
Ride-Hailing & Shared Mobility
 0 2 2 11 14
Lithium & Battery Materials
 -5 281 286 788 47
Autonomous Driving
 -7 434 441 1,143 53
Electrification & Grid
Transmission Buildout
 -7 228 235 626 6
Nuclear Energy
Uranium Mining & Enrichment
 -7 115 122 386 20
Robotics & Automation
Industrial Automation
 -10 932 942 2,260 16
Space Economy
Satellite Communications
 -11 188 199 554 16
Online Travel & Experiences
 -12 617 629 1,592 32
Cybersecurity
Agentic AI Security
 -16 251 267 745 2
Agriculture & Food Technology
Plant-Based Foods
 -16 302 318 910 17
Digital Health & Telemedicine
 -17 896 913 2,215 84
Clean Energy
Wind
 -17 58 75 220 9
Semiconductors
Photonics & Optical Interconnect
 -18 274 292 838 20
Oil & Gas
 -19 1,660 1,679 3,616 361
Internet of Things
Smart Home
 -21 268 289 851 17
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -22 415 437 1,139 19
Genomics & Gene Editing
 -24 1,032 1,056 2,534 199
Sin Stocks
Firearms
 -25 175 200 547 12
Semiconductors
Analog & Power Semis
 -32 810 842 1,999 27
Critical Minerals & Rare Earths
 -32 203 235 664 60
Genomics & Gene Editing
Gene Therapy
 -34 620 654 1,665 131
Defense Modernization
Military Shipbuilding
 -42 476 518 1,323 6
Digital Assets
Stablecoin Infrastructure
 -64 515 579 1,445 9
Digital Assets
 -65 639 704 1,756 160
Sports Betting & iGaming
 -68 151 219 516 29
Sin Stocks
Casinos
 -71 471 542 1,274 24
Cybersecurity
Identity Security
 -77 151 228 554 15
Data Centers & Digital Infrastructure
 -112 779 891 2,115 78
Artificial Intelligence
Agentic AI
 -126 470 596 1,382 13
Cannabis
 -142 123 265 632 52
Streaming & Digital Media
 -227 1,492 1,719 3,533 120
Artificial Intelligence
Chinese AI
 -231 488 719 1,532 14