Themes With The Most
New Fund Positions

Funds Holding Holding in Top 10 Capital Flow
New Positions Closed Positions Increased Positions Reduced Positions
Call Options Put Options
Theme Net new
positions 		New
positions 		Closed
positions 		Funds
holding 		Stocks
Digital Assets
Stablecoin Infrastructure
 908 908 – 917 9
Digital Assets
 530 566 36 1,219 160
Housing & Home Improvement
Home & Garden Retail
 52 119 67 2,140 30
Online Travel & Experiences
 52 135 83 1,219 32
Streaming & Digital Media
 51 124 73 2,798 120
Cloud Computing
 47 111 64 2,787 64
Housing & Home Improvement
Homebuilders
 42 140 98 1,193 45
Digital Payments & Fintech
 40 115 75 2,912 148
Cybersecurity
Agentic AI Security
 39 87 48 518 2
Housing & Home Improvement
 36 120 84 2,753 223
Digital Assets
Corporate Crypto Treasuries
 31 73 42 571 63
Sin Stocks
Alcohol
 29 113 84 1,380 24
Sin Stocks
Firearms
 29 80 51 494 12
Immunotherapy & Oncology
 29 90 61 2,770 388
Digital Payments & Fintech
Neobanks
 29 90 61 634 25
Semiconductors
Photonics & Optical Interconnect
 29 90 61 652 20
Sin Stocks
Tobacco & Nicotine
 29 83 54 1,666 13
Artificial Intelligence
Agentic AI
 27 88 61 760 13
Social Media & Creator Economy
 24 104 80 2,624 45
Small Business Economy
 22 109 87 1,659 58
Space Economy
Launch Services
 21 34 13 154 5
Sports Betting & iGaming
 20 50 30 334 29
Defense Modernization
Drones & Counter-Drone
 15 72 57 950 30
Video Games & Esports
 13 98 85 2,342 55
Semiconductors
Advanced Packaging
 12 78 66 742 10
Defense Modernization
Military Shipbuilding
 12 81 69 1,010 6
Sin Stocks
 12 122 110 2,230 78
Clean Energy
Solar
 11 93 82 610 54
Cannabis
 9 36 27 273 52
Space Economy
 9 90 81 1,486 64
GLP-1 & Obesity
 7 89 82 2,554 92
SaaS & Enterprise Software
 7 94 87 2,914 266
Digital Health & Telemedicine
 6 97 91 1,622 84
Luxury & Affluent Consumer
 5 101 96 1,219 40
Artificial Intelligence
 1 79 78 2,981 264
Cloud Computing
Edge Computing
 1 64 63 581 11
Data Centers & Digital Infrastructure
Interconnect & Colocation
 1 80 79 785 19
Water
Water Infrastructure
 1 90 89 974 17
Nuclear Energy
 0 97 97 1,710 61
Nuclear Energy
Small Modular Reactors
 -1 27 28 243 12
Energy Efficiency
 -2 109 111 1,783 31
Health & Wellness
 -2 99 101 1,940 78
Reshoring & American Manufacturing
 -3 78 81 731 20
Nuclear Energy
Uranium Mining & Enrichment
 -3 36 39 318 20
Robotics & Automation
Warehouse & Logistics Robotics
 -4 69 73 1,230 3
Digital Assets
Bitcoin Miners
 -6 11 17 64 40
E-Commerce
Marketplaces
 -6 95 101 2,834 106
Internet of Things
Wearables
 -6 92 98 2,393 21
Autonomous Driving
 -7 76 83 815 53
Digital Payments & Fintech
Buy Now Pay Later
 -7 30 37 260 13
Cybersecurity
 -7 103 110 2,175 85
Electrification & Grid
Energy Storage
 -7 87 94 690 26
Pet Economy
 -7 88 95 2,262 34
Virtual & Augmented Reality
 -7 15 22 101 20
E-Commerce
Food Delivery
 -8 82 90 361 12
Infrastructure & Construction
Green Building
 -9 31 40 209 5
Longevity & Aging Population
 -10 112 122 1,492 60
Streaming & Digital Media
News Media
 -10 88 98 954 26
Internet of Things
 -11 100 111 2,699 99
Medical Devices & Diagnostics
 -12 78 90 2,894 342
Artificial Intelligence
AI Software & Applications
 -13 50 63 546 85
Defense Modernization
 -13 73 86 2,663 163
E-Commerce
 -13 86 99 2,965 240
Clean Energy
Wind
 -13 12 25 135 9
Genomics & Gene Editing
 -16 92 108 2,060 199
Quantum Computing
 -16 70 86 1,714 19
Carbon & Pollution Control
 -17 120 137 1,458 23
Oil & Gas
 -19 76 95 3,093 361
Water
 -19 105 124 1,842 67
Future of Education
 -20 85 105 875 77
Space Economy
Satellite Communications
 -20 45 65 438 16
GLP-1 & Obesity
Obesity Second-Order Effects
 -22 68 90 1,080 26
Artificial Intelligence
AI Memory & HBM
 -23 88 111 819 12
Critical Minerals & Rare Earths
 -23 45 68 503 60
Genomics & Gene Editing
Gene Therapy
 -25 74 99 1,335 131
Clean Energy
Hydrogen & Fuel Cells
 -26 56 82 839 13
Cybersecurity
Identity Security
 -26 49 75 280 15
Internet of Things
Smart Home
 -27 52 79 581 17
Gold & Precious Metals
Gold & Silver Miners
 -29 78 107 1,095 124
Data Centers & Digital Infrastructure
Liquid Cooling
 -29 40 69 617 9
Lithium & Battery Materials
 -29 51 80 457 47
Water
Sanitation
 -29 39 68 506 8
Gold & Precious Metals
 -30 78 108 1,105 133
Robotics & Automation
Industrial Automation
 -30 72 102 1,797 16
Agriculture & Food Technology
Plant-Based Foods
 -32 48 80 738 17
Sin Stocks
Casinos
 -33 86 119 886 24
Reuse, Repair & Circular Economy
 -33 100 133 1,588 68
Semiconductors
 -36 83 119 2,777 178
Electrification & Grid
Grid Equipment
 -38 71 109 936 10
Defense Modernization
Munitions Restocking
 -41 88 129 1,680 11
Semiconductors
Analog & Power Semis
 -42 95 137 1,451 27
Data Centers & Digital Infrastructure
 -44 108 152 1,633 78
Electrification & Grid
Transmission Buildout
 -44 44 88 515 6
Robotics & Automation
 -45 73 118 1,941 83
Electric Vehicles
EV Charging Infrastructure
 -46 65 111 898 21
Data Centers & Digital Infrastructure
Power for AI
 -47 71 118 947 22
Agriculture & Food Technology
Precision Agriculture
 -52 65 117 975 4
Defense Modernization
Defense Tech & C4ISR
 -53 74 127 1,804 53
3D Printing & Additive Manufacturing
 -57 86 143 1,124 20
Oil & Gas
Oilfield Services
 -57 92 149 2,148 88
Semiconductors
Semicap & Lithography
 -61 67 128 1,082 21
Copper & Industrial Metals
 -66 114 180 1,594 79
Infrastructure & Construction
 -66 106 172 2,122 127
Artificial Intelligence
AI Inference Silicon
 -69 90 159 1,510 7
Clean Energy
 -71 92 163 2,002 134
Agriculture & Food Technology
 -82 86 168 1,691 79
Electrification & Grid
 -82 87 169 1,376 59
Oil & Gas
LNG
 -83 86 169 1,867 32
Electric Vehicles
 -87 98 185 2,117 124
Artificial Intelligence
Chinese AI
 -107 77 184 807 14