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
Defense Modernization
Drones & Counter-Drone
 170 243 73 1,562 30
Small Business Economy
 106 213 107 2,490 58
Defense Modernization
Munitions Restocking
 102 181 79 2,322 11
Defense Modernization
Defense Tech & C4ISR
 90 172 82 2,491 53
Artificial Intelligence
AI Memory & HBM
 75 157 82 1,263 12
Nuclear Energy
 68 155 87 2,275 61
Gold & Precious Metals
 67 170 103 1,494 133
Housing & Home Improvement
Home & Garden Retail
 67 138 71 2,830 30
Semiconductors
Semicap & Lithography
 66 158 92 1,660 21
Gold & Precious Metals
Gold & Silver Miners
 65 168 103 1,478 124
Space Economy
 65 145 80 2,220 64
Housing & Home Improvement
 64 142 78 3,506 223
Clean Energy
Solar
 62 131 69 802 54
Health & Wellness
 56 142 86 2,533 78
GLP-1 & Obesity
Obesity Second-Order Effects
 48 145 97 1,320 26
Artificial Intelligence
 44 97 53 3,882 264
Internet of Things
Wearables
 44 109 65 3,178 21
Cloud Computing
 42 109 67 3,812 64
Housing & Home Improvement
Homebuilders
 42 134 92 1,510 45
Semiconductors
Analog & Power Semis
 40 130 90 2,101 27
Data Centers & Digital Infrastructure
 37 154 117 2,234 78
Defense Modernization
 36 115 79 3,395 163
Cloud Computing
Edge Computing
 36 124 88 1,047 11
Artificial Intelligence
Agentic AI
 35 144 109 1,620 13
Future of Education
 35 132 97 1,151 77
SaaS & Enterprise Software
 34 122 88 3,839 266
Internet of Things
 32 122 90 3,521 99
Autonomous Driving
Ride-Hailing & Shared Mobility
 32 144 112 562 14
Sin Stocks
Alcohol
 31 138 107 1,840 24
Cybersecurity
 30 143 113 2,984 85
Space Economy
Launch Services
 30 53 23 256 5
Data Centers & Digital Infrastructure
Interconnect & Colocation
 29 116 87 1,253 19
Medical Devices & Diagnostics
 29 114 85 3,616 342
Video Games & Esports
 29 107 78 3,427 55
Online Travel & Experiences
 27 133 106 1,695 32
Social Media & Creator Economy
 27 97 70 3,612 45
Semiconductors
Advanced Packaging
 25 108 83 971 10
Artificial Intelligence
Chinese AI
 25 133 108 1,617 14
Digital Payments & Fintech
 25 106 81 3,825 148
Cannabis
 24 137 113 880 52
Streaming & Digital Media
 24 114 90 3,810 120
Quantum Computing
 23 109 86 1,963 19
Semiconductors
 23 108 85 3,478 178
Defense Modernization
Military Shipbuilding
 22 91 69 1,302 6
Digital Payments & Fintech
Buy Now Pay Later
 19 74 55 458 13
Cybersecurity
Identity Security
 19 103 84 726 15
Longevity & Aging Population
 19 132 113 1,937 60
Sports Betting & iGaming
 18 79 61 555 29
Digital Payments & Fintech
Neobanks
 16 99 83 784 25
Digital Health & Telemedicine
 14 143 129 2,425 84
E-Commerce
Marketplaces
 14 99 85 3,802 106
Semiconductors
Photonics & Optical Interconnect
 14 109 95 918 20
E-Commerce
 11 91 80 3,914 240
Artificial Intelligence
AI Inference Silicon
 10 109 99 1,545 7
GLP-1 & Obesity
 10 113 103 3,173 92
Clean Energy
Hydrogen & Fuel Cells
 10 89 79 1,276 13
Electrification & Grid
Transmission Buildout
 9 70 61 629 6
Agriculture & Food Technology
Precision Agriculture
 8 96 88 1,253 4
Digital Assets
Bitcoin Miners
 6 18 12 87 40
Electric Vehicles
EV Charging Infrastructure
 6 102 96 1,175 21
Clean Energy
 3 119 116 2,544 134
Digital Assets
Crypto Exchanges
 3 20 17 49 7
Sin Stocks
 2 127 125 2,774 78
Autonomous Driving
 0 140 140 1,304 53
Electric Vehicles
 0 126 126 2,524 124
Sin Stocks
Casinos
 -1 102 103 1,248 24
Genomics & Gene Editing
 -2 120 122 2,762 199
Genomics & Gene Editing
Gene Therapy
 -3 118 121 1,754 131
Pet Economy
 -3 103 106 2,896 34
Robotics & Automation
 -3 111 114 2,542 83
Immunotherapy & Oncology
 -4 78 82 3,502 388
Water
 -4 114 118 2,415 67
Infrastructure & Construction
Green Building
 -5 52 57 365 5
Luxury & Affluent Consumer
 -5 146 151 1,541 40
Water
Sanitation
 -5 67 72 769 8
Artificial Intelligence
AI Software & Applications
 -6 69 75 606 85
Carbon & Pollution Control
 -6 152 158 1,603 23
Robotics & Automation
Industrial Automation
 -7 88 95 2,355 16
Oil & Gas
 -7 86 93 3,734 361
Digital Assets
Corporate Crypto Treasuries
 -9 59 68 362 63
Electrification & Grid
Energy Storage
 -9 92 101 917 26
Robotics & Automation
Warehouse & Logistics Robotics
 -9 79 88 1,873 3
Sin Stocks
Firearms
 -11 66 77 539 12
Nuclear Energy
Small Modular Reactors
 -11 25 36 263 12
Digital Assets
Stablecoin Infrastructure
 -11 111 122 1,671 9
Clean Energy
Wind
 -11 33 44 216 9
Critical Minerals & Rare Earths
 -12 69 81 631 60
Digital Assets
 -12 140 152 1,956 160
Agriculture & Food Technology
Plant-Based Foods
 -12 93 105 892 17
Streaming & Digital Media
News Media
 -14 112 126 1,198 26
Water
Water Infrastructure
 -14 80 94 1,374 17
Energy Efficiency
 -15 92 107 2,356 31
Data Centers & Digital Infrastructure
Power for AI
 -16 91 107 1,298 22
Cybersecurity
Agentic AI Security
 -17 78 95 745 2
Space Economy
Satellite Communications
 -18 46 64 562 16
Agriculture & Food Technology
 -19 126 145 2,193 79
Nuclear Energy
Uranium Mining & Enrichment
 -21 34 55 353 20
Oil & Gas
LNG
 -23 117 140 2,194 32
Internet of Things
Smart Home
 -23 113 136 1,037 17
Virtual & Augmented Reality
 -24 9 33 118 20
Data Centers & Digital Infrastructure
Liquid Cooling
 -29 58 87 873 9
Reuse, Repair & Circular Economy
 -29 141 170 2,025 68
E-Commerce
Food Delivery
 -32 121 153 876 12
Electrification & Grid
Grid Equipment
 -33 80 113 1,260 10
Reshoring & American Manufacturing
 -33 73 106 749 20
Electrification & Grid
 -34 117 151 1,826 59
Infrastructure & Construction
 -39 128 167 2,628 127
3D Printing & Additive Manufacturing
 -42 71 113 1,167 20
Lithium & Battery Materials
 -43 63 106 778 47
Sin Stocks
Tobacco & Nicotine
 -55 89 144 1,922 13
Copper & Industrial Metals
 -60 101 161 1,748 79
Oil & Gas
Oilfield Services
 -87 106 193 2,015 88