Granular segment
Fintech / capital markets
Fintech and capital-markets infrastructure covers exchanges, trading networks, data platforms, digital banking, and payments-adjacent businesses.
Current reported exposure$63M
Tagged bought / added$0
Tagged sold / reduced$45M
Tracked funds1
Segment overview
This segment captures financial exposure where rates, credit quality, market activity, regulation, and deposit or funding costs drive earnings. The companies can look similar in sector screens while having very different sensitivities.
Granular tagging helps separate balance-sheet lenders from fee-based market infrastructure and fintech platforms. That distinction matters because a higher-rate or risk-on environment can help one group while pressuring another.
What it covers
- Exchanges and market data
- Trading and brokerage infrastructure
- Digital banking and consumer fintech
- Payments and merchant services
What to watch
- Trading volumes and volatility
- Take rates and payment volume
- Regulation of interchange and digital assets
- Operating leverage from market activity
Tracked fund exposure
Duquesne Family Office LLC
Stanley Druckenmiller · Q4 2025 filed 2026-02-17
1.4% of reported 13F $63M
Fintech, digital banking, and capital-markets infrastructure.
Largest tracked holdings
| Ticker | Name | Value | Instrument |
|---|---|---|---|
| FIGR | FIGURE TECHNOLOGY SOLUT-CL A | $63M | SH |
Quarter activity
| Ticker | Action | Value |
|---|---|---|
| NU | Closed | -$23M |
| FIGR | Trimmed | -$21M |
| CHYM | Closed | -$872K |