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
Luxury & Affluent Consumer
 44 151 107 1,204 40
Virtual & Augmented Reality
 38 63 25 112 20
Sin Stocks
Casinos
 21 123 102 973 24
Semiconductors
Photonics & Optical Interconnect
 21 81 60 586 20
Nuclear Energy
Uranium Mining & Enrichment
 21 46 25 311 20
Agriculture & Food Technology
 20 110 90 1,729 79
Sports Betting & iGaming
 17 46 29 261 29
Gold & Precious Metals
Gold & Silver Miners
 15 102 87 1,158 124
Nuclear Energy
Small Modular Reactors
 15 35 20 251 12
Digital Health & Telemedicine
 14 100 86 1,427 84
Gold & Precious Metals
 14 102 88 1,172 133
Defense Modernization
 13 78 65 2,517 163
Cloud Computing
 12 84 72 2,557 64
Defense Modernization
Drones & Counter-Drone
 10 56 46 825 30
Cybersecurity
 9 123 114 1,975 85
Electric Vehicles
EV Charging Infrastructure
 5 62 57 993 21
Reuse, Repair & Circular Economy
 5 101 96 1,535 68
Cannabis
 2 31 29 255 52
Infrastructure & Construction
Green Building
 1 33 32 171 5
Health & Wellness
 1 102 101 1,811 78
Space Economy
Launch Services
 1 17 16 158 5
Defense Modernization
Defense Tech & C4ISR
 0 62 62 1,721 53
Nuclear Energy
 0 71 71 1,637 61
Internet of Things
Smart Home
 0 72 72 597 17
Robotics & Automation
Industrial Automation
 -2 73 75 1,714 16
Infrastructure & Construction
 -2 106 108 2,163 127
Energy Efficiency
 -3 94 97 1,625 31
Future of Education
 -3 76 79 843 77
Digital Assets
Bitcoin Miners
 -4 10 14 53 40
Data Centers & Digital Infrastructure
 -4 110 114 1,582 78
Data Centers & Digital Infrastructure
Liquid Cooling
 -4 51 55 710 9
Lithium & Battery Materials
 -4 50 54 491 47
Defense Modernization
Munitions Restocking
 -4 54 58 1,611 11
Quantum Computing
 -4 72 76 1,727 19
Digital Assets
Stablecoin Infrastructure
 -4 – 4 4 9
Digital Payments & Fintech
Buy Now Pay Later
 -5 29 34 258 13
Clean Energy
 -5 112 117 2,024 134
Robotics & Automation
Warehouse & Logistics Robotics
 -5 53 58 1,113 3
Artificial Intelligence
AI Software & Applications
 -7 58 65 589 85
Small Business Economy
 -8 90 98 1,476 58
SaaS & Enterprise Software
 -10 77 87 2,712 266
Space Economy
 -10 102 112 1,398 64
Electrification & Grid
Energy Storage
 -11 77 88 640 26
GLP-1 & Obesity
 -11 89 100 2,370 92
Clean Energy
Solar
 -11 79 90 602 54
GLP-1 & Obesity
Obesity Second-Order Effects
 -12 84 96 1,061 26
Sin Stocks
Firearms
 -13 39 52 417 12
Artificial Intelligence
Agentic AI
 -14 69 83 634 13
Cloud Computing
Edge Computing
 -14 55 69 475 11
Housing & Home Improvement
Homebuilders
 -16 86 102 1,088 45
Clean Energy
Hydrogen & Fuel Cells
 -16 55 71 833 13
Data Centers & Digital Infrastructure
Interconnect & Colocation
 -16 84 100 761 19
Defense Modernization
Military Shipbuilding
 -16 62 78 924 6
Agriculture & Food Technology
Precision Agriculture
 -17 54 71 1,067 4
Social Media & Creator Economy
 -17 81 98 2,395 45
Genomics & Gene Editing
 -18 85 103 1,884 199
Streaming & Digital Media
News Media
 -18 78 96 962 26
Copper & Industrial Metals
 -19 94 113 1,778 79
Reshoring & American Manufacturing
 -19 47 66 798 20
Video Games & Esports
 -19 87 106 2,200 55
Electrification & Grid
 -20 98 118 1,429 59
Digital Assets
Corporate Crypto Treasuries
 -21 46 67 479 63
Sin Stocks
Tobacco & Nicotine
 -21 61 82 1,566 13
Artificial Intelligence
AI Inference Silicon
 -23 65 88 1,611 7
Robotics & Automation
 -24 81 105 1,892 83
Water
Sanitation
 -24 28 52 501 8
Sin Stocks
 -24 90 114 2,128 78
Clean Energy
Wind
 -24 14 38 166 9
Pet Economy
 -25 67 92 2,092 34
Artificial Intelligence
 -26 62 88 2,785 264
Agriculture & Food Technology
Plant-Based Foods
 -26 49 75 712 17
Electrification & Grid
Grid Equipment
 -27 69 96 1,002 10
Housing & Home Improvement
Home & Garden Retail
 -27 87 114 1,911 30
Data Centers & Digital Infrastructure
Power for AI
 -27 70 97 965 22
3D Printing & Additive Manufacturing
 -28 70 98 1,231 20
Autonomous Driving
 -29 89 118 733 53
Critical Minerals & Rare Earths
 -29 48 77 577 60
Semiconductors
 -30 75 105 2,688 178
Electrification & Grid
Transmission Buildout
 -30 40 70 603 6
Cybersecurity
Identity Security
 -32 10 42 165 15
Digital Assets
 -33 47 80 611 160
Immunotherapy & Oncology
 -34 56 90 2,561 388
Artificial Intelligence
Chinese AI
 -35 65 100 539 14
Electric Vehicles
 -35 103 138 2,117 124
Internet of Things
 -35 83 118 2,499 99
Semiconductors
Advanced Packaging
 -36 42 78 698 10
Semiconductors
Semicap & Lithography
 -38 70 108 1,085 21
Medical Devices & Diagnostics
 -39 70 109 2,672 342
Water
 -39 64 103 1,767 67
Cybersecurity
Agentic AI Security
 -41 41 82 265 2
Longevity & Aging Population
 -42 67 109 1,346 60
Genomics & Gene Editing
Gene Therapy
 -43 75 118 1,152 131
Water
Water Infrastructure
 -43 48 91 1,002 17
Sin Stocks
Alcohol
 -45 69 114 1,288 24
Housing & Home Improvement
 -45 96 141 2,559 223
Oil & Gas
 -46 54 100 2,996 361
Semiconductors
Analog & Power Semis
 -49 64 113 1,323 27
E-Commerce
 -50 81 131 2,736 240
Carbon & Pollution Control
 -53 63 116 1,530 23
Online Travel & Experiences
 -55 92 147 1,037 32
Internet of Things
Wearables
 -55 82 137 2,198 21
Space Economy
Satellite Communications
 -57 49 106 449 16
Streaming & Digital Media
 -58 78 136 2,563 120
E-Commerce
Marketplaces
 -64 73 137 2,598 106
Oil & Gas
Oilfield Services
 -71 87 158 2,275 88
Oil & Gas
LNG
 -75 74 149 1,964 32
Digital Payments & Fintech
 -83 70 153 2,643 148
Digital Payments & Fintech
Neobanks
 -85 52 137 423 25
Artificial Intelligence
AI Memory & HBM
 -93 49 142 816 12
E-Commerce
Food Delivery
 -158 – 158 158 12