13f-changes
Granular segment

Financial ETFs

Financial ETFs give broad exposure to banks, insurers, brokers, asset managers, and capital-markets infrastructure without requiring a single-company call.

Current reported exposure$301M
Tagged bought / added$301M
Tagged sold / reduced$29M
Tracked funds1

This segment is less about single-company selection and more about broad market, factor, or geographic exposure. In a 13F, ETF positions can show whether a fund is adding beta, hedging, expressing country views, or parking exposure while rotating single names.

The read-through is portfolio-level: size, direction, and timing usually matter more than issuer-level fundamentals. These rows should be interpreted alongside the fund's single-name activity rather than as operating-company bets.

What it covers
  • Large-cap financial-sector ETFs
  • Regional bank ETFs
  • Insurance and broker exposure
  • Factor and equal-weight sector products
What to watch
  • Yield curve shape
  • Credit losses
  • Capital markets activity
  • Regulatory capital and bank deposit trends
Stanley Druckenmiller

Duquesne Family Office LLC

Stanley Druckenmiller · Q4 2025 filed 2026-02-17

6.7% of reported 13F $301M

Financial-sector and bank ETFs.

TickerNameValueInstrument
XLF FINANCIAL SELECT SECTOR SPDR ETF $301M SH
TickerActionValue
XLF New +$301M
KBE Closed -$29M