Themes With The Most
Closed Fund Positions

Funds Holding Holding in Top 10 Capital Flow
New Positions Closed Positions Increased Positions Reduced Positions
Call Options Put Options
Theme Net closed
positions 		Closed
positions 		New
positions 		Funds
holding 		Stocks
Digital Assets
Bitcoin Miners
 -25 – 25 25 40
Clean Energy
Wind
 -48 – 48 48 9
Virtual & Augmented Reality
 -103 – 103 103 20
Cybersecurity
Identity Security
 -143 – 143 143 15
Space Economy
Launch Services
 -153 – 153 153 5
Cybersecurity
Agentic AI Security
 -158 – 158 158 2
Infrastructure & Construction
Green Building
 -172 – 172 172 5
Cannabis
 -189 – 189 189 52
Nuclear Energy
Small Modular Reactors
 -226 – 226 226 12
Digital Payments & Fintech
Neobanks
 -256 – 256 256 25
Digital Payments & Fintech
Buy Now Pay Later
 -264 – 264 264 13
Sports Betting & iGaming
 -271 – 271 271 29
Nuclear Energy
Uranium Mining & Enrichment
 -303 – 303 303 20
Space Economy
Satellite Communications
 -320 – 320 320 16
Internet of Things
Smart Home
 -345 – 345 345 17
Sin Stocks
Firearms
 -382 – 382 382 12
Artificial Intelligence
Chinese AI
 -386 – 386 386 14
Digital Assets
Corporate Crypto Treasuries
 -386 – 386 386 63
Electrification & Grid
Energy Storage
 -412 – 412 412 26
Cloud Computing
Edge Computing
 -418 – 418 418 11
Water
Sanitation
 -427 – 427 427 8
Clean Energy
Solar
 -434 – 434 434 54
Lithium & Battery Materials
 -461 – 461 461 47
Digital Assets
 -483 – 483 483 160
Electrification & Grid
Transmission Buildout
 -515 – 515 515 6
Semiconductors
Photonics & Optical Interconnect
 -519 – 519 519 20
Artificial Intelligence
Agentic AI
 -521 – 521 521 13
Artificial Intelligence
AI Software & Applications
 -530 – 530 530 85
Critical Minerals & Rare Earths
 -539 – 539 539 60
Autonomous Driving
 -544 – 544 544 53
Semiconductors
Advanced Packaging
 -591 – 591 591 10
Artificial Intelligence
AI Memory & HBM
 -599 – 599 599 12
Agriculture & Food Technology
Plant-Based Foods
 -607 – 607 607 17
Data Centers & Digital Infrastructure
Liquid Cooling
 -625 – 625 625 9
Clean Energy
Hydrogen & Fuel Cells
 -695 – 695 695 13
Streaming & Digital Media
News Media
 -703 – 703 703 26
Reshoring & American Manufacturing
 -713 – 713 713 20
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -731 – 731 731 19
Future of Education
 -740 – 740 740 77
Defense Modernization
Drones & Counter-Drone
 -745 – 745 745 30
Defense Modernization
Military Shipbuilding
 -786 – 786 786 6
Sin Stocks
Casinos
 -846 – 846 846 24
Online Travel & Experiences
 -855 – 855 855 32
Data Centers & Digital Infrastructure
Power for AI
 -865 – 865 865 22
Water
Water Infrastructure
 -883 – 883 883 17
Electric Vehicles
EV Charging Infrastructure
 -890 – 890 890 21
Electrification & Grid
Grid Equipment
 -919 – 919 919 10
Robotics & Automation
Warehouse & Logistics Robotics
 -936 – 936 936 3
Genomics & Gene Editing
Gene Therapy
 -947 – 947 947 131
Housing & Home Improvement
Homebuilders
 -969 – 969 969 45
Semiconductors
Semicap & Lithography
 -980 – 980 980 21
Agriculture & Food Technology
Precision Agriculture
 -994 – 994 994 4
GLP-1 & Obesity
Obesity Second-Order Effects
 -1,020 – 1,020 1,020 26
3D Printing & Additive Manufacturing
 -1,075 – 1,075 1,075 20
Sin Stocks
Alcohol
 -1,090 – 1,090 1,090 24
Gold & Precious Metals
Gold & Silver Miners
 -1,141 – 1,141 1,141 124
Gold & Precious Metals
 -1,147 – 1,147 1,147 133
Semiconductors
Analog & Power Semis
 -1,160 – 1,160 1,160 27
Luxury & Affluent Consumer
 -1,187 – 1,187 1,187 40
Longevity & Aging Population
 -1,194 – 1,194 1,194 60
Space Economy
 -1,197 – 1,197 1,197 64
Electrification & Grid
 -1,239 – 1,239 1,239 59
Digital Health & Telemedicine
 -1,281 – 1,281 1,281 84
Small Business Economy
 -1,344 – 1,344 1,344 58
Carbon & Pollution Control
 -1,352 – 1,352 1,352 23
Reuse, Repair & Circular Economy
 -1,376 – 1,376 1,376 68
Artificial Intelligence
AI Inference Silicon
 -1,429 – 1,429 1,429 7
Sin Stocks
Tobacco & Nicotine
 -1,431 – 1,431 1,431 13
Defense Modernization
Munitions Restocking
 -1,462 – 1,462 1,462 11
Data Centers & Digital Infrastructure
 -1,470 – 1,470 1,470 78
Energy Efficiency
 -1,476 – 1,476 1,476 31
Nuclear Energy
 -1,480 – 1,480 1,480 61
Water
 -1,549 – 1,549 1,549 67
Defense Modernization
Defense Tech & C4ISR
 -1,554 – 1,554 1,554 53
Robotics & Automation
Industrial Automation
 -1,570 – 1,570 1,570 16
Copper & Industrial Metals
 -1,593 – 1,593 1,593 79
Agriculture & Food Technology
 -1,602 – 1,602 1,602 79
Genomics & Gene Editing
 -1,635 – 1,635 1,635 199
Health & Wellness
 -1,654 – 1,654 1,654 78
Quantum Computing
 -1,662 – 1,662 1,662 19
Oil & Gas
LNG
 -1,706 – 1,706 1,706 32
Robotics & Automation
 -1,716 – 1,716 1,716 83
Housing & Home Improvement
Home & Garden Retail
 -1,719 – 1,719 1,719 30
Clean Energy
 -1,742 – 1,742 1,742 134
Electric Vehicles
 -1,853 – 1,853 1,853 124
Cybersecurity
 -1,856 – 1,856 1,856 85
Internet of Things
Wearables
 -1,911 – 1,911 1,911 21
Sin Stocks
 -1,918 – 1,918 1,918 78
Pet Economy
 -1,927 – 1,927 1,927 34
Infrastructure & Construction
 -1,949 – 1,949 1,949 127
Video Games & Esports
 -2,007 – 2,007 2,007 55
Oil & Gas
Oilfield Services
 -2,017 – 2,017 2,017 88
GLP-1 & Obesity
 -2,150 – 2,150 2,150 92
Social Media & Creator Economy
 -2,208 – 2,208 2,208 45
Internet of Things
 -2,227 – 2,227 2,227 99
Streaming & Digital Media
 -2,249 – 2,249 2,249 120
Immunotherapy & Oncology
 -2,276 – 2,276 2,276 388
Housing & Home Improvement
 -2,278 – 2,278 2,278 223
E-Commerce
Marketplaces
 -2,296 – 2,296 2,296 106
Defense Modernization
 -2,318 – 2,318 2,318 163
Digital Payments & Fintech
 -2,375 – 2,375 2,375 148
Cloud Computing
 -2,378 – 2,378 2,378 64
Semiconductors
 -2,406 – 2,406 2,406 178
Medical Devices & Diagnostics
 -2,413 – 2,413 2,413 342
E-Commerce
 -2,439 – 2,439 2,439 240
SaaS & Enterprise Software
 -2,461 – 2,461 2,461 266
Artificial Intelligence
 -2,537 – 2,537 2,537 264
Oil & Gas
 -2,684 – 2,684 2,684 361