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
Water
 186 270 84 2,288 67
Artificial Intelligence
Chinese AI
 124 170 46 1,255 14
Data Centers & Digital Infrastructure
Interconnect & Colocation
 84 131 47 982 19
Semiconductors
Analog & Power Semis
 82 147 65 1,777 27
Semiconductors
Semicap & Lithography
 77 138 61 1,459 21
Digital Payments & Fintech
Buy Now Pay Later
 69 92 23 324 13
Defense Modernization
Drones & Counter-Drone
 68 114 46 1,207 30
Clean Energy
 65 143 78 2,176 134
Digital Assets
Stablecoin Infrastructure
 63 121 58 1,155 9
Artificial Intelligence
AI Memory & HBM
 61 132 71 1,063 12
Autonomous Driving
 56 128 72 1,097 53
Space Economy
Launch Services
 55 66 11 215 5
Electrification & Grid
Transmission Buildout
 55 95 40 594 6
Digital Assets
 54 144 90 1,433 160
Defense Modernization
Munitions Restocking
 53 111 58 1,942 11
Space Economy
 52 121 69 1,796 64
Robotics & Automation
Warehouse & Logistics Robotics
 49 101 52 1,534 3
Semiconductors
 48 94 46 3,078 178
Data Centers & Digital Infrastructure
 47 129 82 1,873 78
Streaming & Digital Media
 47 105 58 3,173 120
Lithium & Battery Materials
 45 112 67 727 47
Health & Wellness
 44 125 81 2,078 78
Infrastructure & Construction
 44 125 81 2,279 127
Artificial Intelligence
Agentic AI
 43 92 49 1,011 13
Cloud Computing
 43 95 52 3,202 64
Genomics & Gene Editing
Gene Therapy
 43 116 73 1,441 131
Sin Stocks
Alcohol
 42 110 68 1,547 24
E-Commerce
Marketplaces
 41 109 68 3,155 106
Small Business Economy
 41 118 77 1,876 58
Clean Energy
Solar
 41 89 48 629 54
Cybersecurity
 40 117 77 2,416 85
Electrification & Grid
 40 114 74 1,638 59
Copper & Industrial Metals
 39 137 98 1,696 79
Defense Modernization
Defense Tech & C4ISR
 39 101 62 2,078 53
E-Commerce
 39 107 68 3,276 240
Data Centers & Digital Infrastructure
Liquid Cooling
 39 80 41 700 9
Oil & Gas
LNG
 37 132 95 1,830 32
Social Media & Creator Economy
 37 86 49 2,983 45
Clean Energy
Hydrogen & Fuel Cells
 35 86 51 979 13
Water
Water Infrastructure
 35 100 65 1,148 17
Internet of Things
Wearables
 35 102 67 2,644 21
Sin Stocks
Casinos
 34 107 73 1,120 24
Future of Education
 34 110 76 1,024 77
Streaming & Digital Media
News Media
 34 107 73 965 26
Internet of Things
Smart Home
 34 93 59 697 17
Artificial Intelligence
 33 84 51 3,319 264
Reuse, Repair & Circular Economy
 32 120 88 1,768 68
Agriculture & Food Technology
 31 117 86 1,821 79
Medical Devices & Diagnostics
 31 91 60 3,128 342
Defense Modernization
Military Shipbuilding
 30 94 64 1,216 6
Digital Health & Telemedicine
 29 119 90 1,959 84
E-Commerce
Food Delivery
 29 80 51 542 12
Electric Vehicles
EV Charging Infrastructure
 28 85 57 983 21
Genomics & Gene Editing
 28 111 83 2,251 199
Internet of Things
 28 100 72 3,002 99
Longevity & Aging Population
 28 104 76 1,669 60
Agriculture & Food Technology
Plant-Based Foods
 28 80 52 767 17
SaaS & Enterprise Software
 28 96 68 3,202 266
Housing & Home Improvement
Home & Garden Retail
 27 128 101 2,341 30
Oil & Gas
Oilfield Services
 27 145 118 2,266 88
Digital Payments & Fintech
 26 95 69 3,225 148
Robotics & Automation
 26 103 77 2,221 83
Defense Modernization
 25 93 68 2,881 163
Immunotherapy & Oncology
 25 72 47 3,022 388
Video Games & Esports
 25 94 69 2,717 55
Electric Vehicles
 24 125 101 2,303 124
Water
Sanitation
 24 65 41 636 8
Housing & Home Improvement
 23 116 93 3,006 223
Electrification & Grid
Energy Storage
 22 89 67 891 26
Gold & Precious Metals
 22 99 77 1,240 133
Sports Betting & iGaming
 22 54 32 392 29
Clean Energy
Wind
 22 36 14 195 9
Gold & Precious Metals
Gold & Silver Miners
 21 100 79 1,227 124
Robotics & Automation
Industrial Automation
 20 87 67 2,041 16
Sin Stocks
 20 113 93 2,520 78
Digital Payments & Fintech
Neobanks
 19 81 62 685 25
Virtual & Augmented Reality
 19 36 17 142 20
Critical Minerals & Rare Earths
 18 74 56 595 60
Energy Efficiency
 17 97 80 2,043 31
Housing & Home Improvement
Homebuilders
 16 99 83 1,342 45
Infrastructure & Construction
Green Building
 15 38 23 280 5
Online Travel & Experiences
 15 141 126 1,483 32
Data Centers & Digital Infrastructure
Power for AI
 15 91 76 1,132 22
Artificial Intelligence
AI Software & Applications
 14 58 44 579 85
Oil & Gas
 13 79 66 3,296 361
GLP-1 & Obesity
 12 92 80 2,759 92
Semiconductors
Photonics & Optical Interconnect
 12 104 92 813 20
Cybersecurity
Agentic AI Security
 8 65 57 572 2
Sin Stocks
Tobacco & Nicotine
 8 98 90 1,900 13
Nuclear Energy
 7 93 86 1,885 61
Cannabis
 6 44 38 337 52
Cybersecurity
Identity Security
 5 52 47 343 15
Agriculture & Food Technology
Precision Agriculture
 3 74 71 1,097 4
Carbon & Pollution Control
 1 86 85 1,541 23
Electrification & Grid
Grid Equipment
 0 76 76 1,019 10
Sin Stocks
Firearms
 -1 69 70 548 12
Digital Assets
Corporate Crypto Treasuries
 -2 49 51 402 63
Luxury & Affluent Consumer
 -2 95 97 1,272 40
Nuclear Energy
Uranium Mining & Enrichment
 -2 35 37 335 20
3D Printing & Additive Manufacturing
 -4 80 84 1,124 20
Nuclear Energy
Small Modular Reactors
 -5 27 32 251 12
Space Economy
Satellite Communications
 -8 48 56 505 16
Digital Assets
Bitcoin Miners
 -10 8 18 54 40
Pet Economy
 -13 92 105 2,429 34
Reshoring & American Manufacturing
 -13 63 76 708 20
Semiconductors
Advanced Packaging
 -15 61 76 812 10
GLP-1 & Obesity
Obesity Second-Order Effects
 -15 81 96 1,141 26
Quantum Computing
 -22 74 96 1,759 19
Artificial Intelligence
AI Inference Silicon
 -31 86 117 1,432 7
Cloud Computing
Edge Computing
 -31 62 93 887 11