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
Lithium & Battery Materials
 87 130 43 572 47
Agriculture & Food Technology
 71 178 107 1,697 79
Gold & Precious Metals
Gold & Silver Miners
 70 153 83 1,202 124
Energy Efficiency
 69 134 65 1,892 31
Gold & Precious Metals
 65 149 84 1,211 133
Water
 65 124 59 1,951 67
Carbon & Pollution Control
 60 136 76 1,513 23
Digital Health & Telemedicine
 59 137 78 1,714 84
Oil & Gas
Oilfield Services
 58 140 82 2,174 88
Copper & Industrial Metals
 57 157 100 1,622 79
Artificial Intelligence
AI Memory & HBM
 55 127 72 874 12
Space Economy
 53 117 64 1,608 64
Defense Modernization
Defense Tech & C4ISR
 51 115 64 1,923 53
Sin Stocks
Tobacco & Nicotine
 50 89 39 1,807 13
Robotics & Automation
 47 116 69 2,051 83
Oil & Gas
 45 111 66 3,170 361
Defense Modernization
Military Shipbuilding
 44 99 55 1,078 6
Electric Vehicles
EV Charging Infrastructure
 42 98 56 940 21
Semiconductors
Semicap & Lithography
 42 126 84 1,176 21
Sin Stocks
 41 128 87 2,391 78
Data Centers & Digital Infrastructure
Interconnect & Colocation
 40 115 75 872 19
Longevity & Aging Population
 40 116 76 1,557 60
Robotics & Automation
Warehouse & Logistics Robotics
 38 93 55 1,342 3
Artificial Intelligence
AI Inference Silicon
 37 117 80 1,462 7
Robotics & Automation
Industrial Automation
 37 109 72 1,906 16
Reuse, Repair & Circular Economy
 36 119 83 1,652 68
Agriculture & Food Technology
Plant-Based Foods
 35 93 58 724 17
Water
Sanitation
 35 77 42 591 8
Genomics & Gene Editing
Gene Therapy
 33 110 77 1,322 131
GLP-1 & Obesity
 32 106 74 2,650 92
Immunotherapy & Oncology
 32 101 69 2,898 388
Space Economy
Satellite Communications
 32 79 47 481 16
Water
Water Infrastructure
 31 94 63 1,048 17
Cybersecurity
 29 111 82 2,256 85
Electrification & Grid
 29 124 95 1,442 59
Defense Modernization
Munitions Restocking
 29 106 77 1,769 11
Pet Economy
 29 89 60 2,340 34
Quantum Computing
 28 95 67 1,726 19
Data Centers & Digital Infrastructure
 27 128 101 1,697 78
Artificial Intelligence
Agentic AI
 26 87 61 869 13
Electrification & Grid
Energy Storage
 26 97 71 743 26
Housing & Home Improvement
Homebuilders
 26 104 78 1,204 45
Infrastructure & Construction
 26 138 112 2,154 127
Streaming & Digital Media
 26 106 80 2,935 120
Sin Stocks
Casinos
 25 127 102 982 24
Housing & Home Improvement
Home & Garden Retail
 25 106 81 2,234 30
Housing & Home Improvement
 25 123 98 2,842 223
Semiconductors
 25 105 80 2,871 178
Small Business Economy
 25 111 86 1,745 58
Cybersecurity
Identity Security
 24 54 30 293 15
Data Centers & Digital Infrastructure
Liquid Cooling
 24 70 46 653 9
Nuclear Energy
 22 98 76 1,824 61
Sin Stocks
Firearms
 21 83 62 568 12
GLP-1 & Obesity
Obesity Second-Order Effects
 21 87 66 1,144 26
Semiconductors
Advanced Packaging
 20 70 50 766 10
Defense Modernization
Drones & Counter-Drone
 19 94 75 1,029 30
Future of Education
 19 89 70 904 77
Genomics & Gene Editing
 19 120 101 2,089 199
Medical Devices & Diagnostics
 18 111 93 3,008 342
Sin Stocks
Alcohol
 17 101 84 1,461 24
Cloud Computing
 17 95 78 2,970 64
Electric Vehicles
 16 128 112 2,154 124
SaaS & Enterprise Software
 16 94 78 3,028 266
Digital Payments & Fintech
Buy Now Pay Later
 15 45 30 248 13
Oil & Gas
LNG
 15 115 100 1,773 32
Clean Energy
Wind
 15 26 11 117 9
Cannabis
 14 40 26 305 52
Critical Minerals & Rare Earths
 13 64 51 497 60
E-Commerce
 13 105 92 3,081 240
Artificial Intelligence
 11 90 79 3,114 264
Data Centers & Digital Infrastructure
Power for AI
 11 96 85 1,001 22
Clean Energy
 10 136 126 2,030 134
Clean Energy
Hydrogen & Fuel Cells
 10 71 61 868 13
Agriculture & Food Technology
Precision Agriculture
 10 78 68 971 4
Infrastructure & Construction
Green Building
 9 37 28 241 5
Reshoring & American Manufacturing
 9 67 58 745 20
Sports Betting & iGaming
 9 55 46 368 29
Virtual & Augmented Reality
 8 36 28 149 20
Defense Modernization
 6 77 71 2,748 163
Electrification & Grid
Grid Equipment
 5 91 86 969 10
Video Games & Esports
 5 116 111 2,495 55
Autonomous Driving
 3 99 96 871 53
Digital Assets
Bitcoin Miners
 3 14 11 66 40
Digital Payments & Fintech
 2 87 85 3,018 148
Health & Wellness
 1 111 110 1,938 78
Electrification & Grid
Transmission Buildout
 1 60 59 493 6
Nuclear Energy
Uranium Mining & Enrichment
 0 40 40 301 20
Semiconductors
Analog & Power Semis
 -1 88 89 1,480 27
Nuclear Energy
Small Modular Reactors
 -1 30 31 242 12
Social Media & Creator Economy
 -2 88 90 2,759 45
Digital Assets
Stablecoin Infrastructure
 -2 87 89 1,011 9
Digital Assets
 -3 106 109 1,284 160
E-Commerce
Marketplaces
 -3 105 108 2,943 106
Clean Energy
Solar
 -3 80 83 661 54
Internet of Things
Smart Home
 -6 53 59 604 17
E-Commerce
Food Delivery
 -7 70 77 420 12
Space Economy
Launch Services
 -8 8 16 141 5
Luxury & Affluent Consumer
 -8 101 109 1,260 40
Online Travel & Experiences
 -8 110 118 1,320 32
3D Printing & Additive Manufacturing
 -9 81 90 1,089 20
Internet of Things
 -10 102 112 2,780 99
Artificial Intelligence
AI Software & Applications
 -11 50 61 544 85
Cloud Computing
Edge Computing
 -12 90 102 926 11
Semiconductors
Photonics & Optical Interconnect
 -14 80 94 709 20
Digital Payments & Fintech
Neobanks
 -17 67 84 639 25
Streaming & Digital Media
News Media
 -21 75 96 902 26
Cybersecurity
Agentic AI Security
 -30 68 98 511 2
Artificial Intelligence
Chinese AI
 -37 85 122 883 14
Internet of Things
Wearables
 -37 96 133 2,432 21
Digital Assets
Corporate Crypto Treasuries
 -72 41 113 458 63