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
Energy Efficiency
 843 1,423 580 2,301 31
Robotics & Automation
Warehouse & Logistics Robotics
 836 1,219 383 1,806 3
Robotics & Automation
 786 1,483 697 2,519 83
Robotics & Automation
Industrial Automation
 762 1,384 622 2,327 16
Defense Modernization
 720 1,787 1,067 3,344 163
Artificial Intelligence
 603 1,993 1,390 3,905 264
Oil & Gas
Oilfield Services
 596 1,229 633 2,199 88
Oil & Gas
 567 1,933 1,366 3,796 361
Medical Devices & Diagnostics
 525 1,810 1,285 3,616 342
Electric Vehicles
 517 1,321 804 2,570 124
Immunotherapy & Oncology
 474 1,729 1,255 3,531 388
SaaS & Enterprise Software
 455 1,857 1,402 3,819 266
Housing & Home Improvement
 431 1,679 1,248 3,462 223
Sin Stocks
 429 1,352 923 2,773 78
Sin Stocks
Tobacco & Nicotine
 420 996 576 1,984 13
Quantum Computing
 401 950 549 1,909 19
GLP-1 & Obesity
 395 1,531 1,136 3,213 92
Pet Economy
 395 1,368 973 2,843 34
Electric Vehicles
EV Charging Infrastructure
 359 681 322 1,184 21
Housing & Home Improvement
Homebuilders
 295 706 411 1,460 45
Longevity & Aging Population
 273 841 568 1,823 60
Water
 267 1,215 948 2,643 67
Social Media & Creator Economy
 264 1,650 1,386 3,584 45
Copper & Industrial Metals
 258 848 590 1,843 79
Carbon & Pollution Control
 257 764 507 1,667 23
Clean Energy
 256 1,147 891 2,465 134
Semiconductors
Analog & Power Semis
 240 912 672 2,015 27
Reuse, Repair & Circular Economy
 234 897 663 1,994 68
Artificial Intelligence
AI Inference Silicon
 225 713 488 1,525 7
Defense Modernization
Drones & Counter-Drone
 220 583 363 1,317 30
Agriculture & Food Technology
 219 932 713 2,127 79
Infrastructure & Construction
 219 1,159 940 2,608 127
Health & Wellness
 201 1,054 853 2,444 78
Nuclear Energy
 198 931 733 2,162 61
Cybersecurity
 196 1,285 1,089 2,884 85
Space Economy
 190 868 678 2,039 64
Housing & Home Improvement
Home & Garden Retail
 188 1,232 1,044 2,773 30
Defense Modernization
Defense Tech & C4ISR
 187 1,053 866 2,345 53
Video Games & Esports
 183 1,473 1,290 3,342 55
Digital Payments & Fintech
 165 1,707 1,542 3,828 148
Genomics & Gene Editing
 162 1,139 977 2,679 199
Artificial Intelligence
AI Memory & HBM
 160 535 375 1,215 12
3D Printing & Additive Manufacturing
 158 546 388 1,275 20
Cloud Computing
 153 1,706 1,553 3,807 64
Data Centers & Digital Infrastructure
 152 914 762 2,122 78
Defense Modernization
Military Shipbuilding
 150 551 401 1,277 6
Sin Stocks
Alcohol
 149 755 606 1,774 24
Electrification & Grid
Grid Equipment
 149 537 388 1,251 10
Semiconductors
Semicap & Lithography
 144 671 527 1,530 21
Small Business Economy
 123 944 821 2,264 58
Internet of Things
 119 1,571 1,452 3,578 99
Water
Water Infrastructure
 108 553 445 1,355 17
Autonomous Driving
 107 474 367 1,208 53
Electrification & Grid
 105 756 651 1,859 59
Cloud Computing
Edge Computing
 102 399 297 1,004 11
Defense Modernization
Munitions Restocking
 98 915 817 2,178 11
Data Centers & Digital Infrastructure
Power for AI
 98 523 425 1,256 22
Reshoring & American Manufacturing
 89 335 246 798 20
Agriculture & Food Technology
Precision Agriculture
 86 467 381 1,258 4
Digital Health & Telemedicine
 82 967 885 2,349 84
Genomics & Gene Editing
Gene Therapy
 82 677 595 1,722 131
Luxury & Affluent Consumer
 76 580 504 1,436 40
GLP-1 & Obesity
Obesity Second-Order Effects
 69 529 460 1,310 26
Online Travel & Experiences
 60 646 586 1,652 32
Future of Education
 59 437 378 1,103 77
Semiconductors
Advanced Packaging
 57 384 327 955 10
Streaming & Digital Media
News Media
 51 392 341 1,038 26
Data Centers & Digital Infrastructure
Liquid Cooling
 47 315 268 871 9
Lithium & Battery Materials
 47 301 254 795 47
Semiconductors
 40 1,528 1,488 3,514 178
Electrification & Grid
Transmission Buildout
 28 238 210 583 6
Digital Payments & Fintech
Neobanks
 27 303 276 798 25
Space Economy
Satellite Communications
 24 207 183 578 16
Nuclear Energy
Small Modular Reactors
 18 103 85 273 12
Water
Sanitation
 16 274 258 742 8
Nuclear Energy
Uranium Mining & Enrichment
 12 132 120 389 20
Virtual & Augmented Reality
 12 47 35 147 20
Digital Payments & Fintech
Buy Now Pay Later
 11 147 136 427 13
Data Centers & Digital Infrastructure
Interconnect & Colocation
 10 444 434 1,154 19
E-Commerce
Food Delivery
 9 223 214 646 12
Space Economy
Launch Services
 7 82 75 226 5
Sin Stocks
Firearms
 5 185 180 563 12
Digital Assets
Bitcoin Miners
 2 16 14 73 40
Digital Assets
Corporate Crypto Treasuries
 -2 135 137 410 63
E-Commerce
 -2 1,647 1,649 3,892 240
Autonomous Driving
Ride-Hailing & Shared Mobility
 -2 3 5 11 14
Critical Minerals & Rare Earths
 -5 217 222 679 60
Sports Betting & iGaming
 -6 174 180 488 29
Artificial Intelligence
AI Software & Applications
 -10 199 209 604 85
Sin Stocks
Casinos
 -13 476 489 1,252 24
Clean Energy
Wind
 -14 61 75 222 9
Infrastructure & Construction
Green Building
 -16 115 131 360 5
Semiconductors
Photonics & Optical Interconnect
 -17 286 303 868 20
Digital Assets
Stablecoin Infrastructure
 -18 564 582 1,570 9
Cybersecurity
Agentic AI Security
 -24 238 262 742 2
Cybersecurity
Identity Security
 -24 174 198 608 15
Electrification & Grid
Energy Storage
 -26 305 331 1,006 26
Gold & Precious Metals
 -27 464 491 1,385 133
Gold & Precious Metals
Gold & Silver Miners
 -28 455 483 1,369 124
Internet of Things
Wearables
 -28 1,298 1,326 3,192 21
Agriculture & Food Technology
Plant-Based Foods
 -29 310 339 922 17
Artificial Intelligence
Chinese AI
 -30 568 598 1,543 14
Clean Energy
Hydrogen & Fuel Cells
 -30 389 419 1,198 13
Digital Assets
 -33 683 716 1,882 160
Clean Energy
Solar
 -53 210 263 664 54
E-Commerce
Marketplaces
 -60 1,553 1,613 3,758 106
Artificial Intelligence
Agentic AI
 -129 477 606 1,475 13
Cannabis
 -154 147 301 699 52
Internet of Things
Smart Home
 -192 242 434 1,077 17
Oil & Gas
LNG
 -220 766 986 2,227 32
Streaming & Digital Media
 -251 1,478 1,729 3,788 120