Manole Capital · muh-NOLE-ay
FinTech investments,
driven by research.
A boutique investment adviser managing concentrated US equity portfolios in the emerging FinTech economy — built on bottoms-up, fundamentally focused research.
Founded
2015
Investment focus
FinTech
Approach
Concentrated
HQ
Tampa, FL
01 · The philosophy
Business buyers,
not traders.
We look at stocks as businesses. Our passion is bottoms-up fundamental research — identifying superior, growing franchises with durable competitive advantages, and owning them for the long term. Intrinsic value that compounds steadily tends to outperform.
01
High barriers to entry
Durable franchises protected by moats competitors cannot easily cross.
02
Market share leadership
Category leaders with the scale and position to compound advantage.
03
Pricing power
Flexibility to price through cycles without sacrificing volume.
04
Recurring revenue
Transaction-driven, repeatable revenue streams — not one-time sales.
05
Predictable free cash flow
Businesses that fund their own growth, independent of capital markets.
02 · The portfolios
Concentrated by conviction.
A portfolio approaching one hundred holdings loses the benefit of active management. Ours focus client capital on our best ideas.
Long only
Concentrated FinTech equity
A focused portfolio of our highest-conviction FinTech franchises — business buyers, not short-term traders.
Long / short
FinTech long / short
The same fundamental research, expressed on both sides of the book through a separate account structure.
03 · The research
Proprietary, in-depth,
relentlessly fundamental.
Two decades covering the Financial and Technology sectors at Goldman Sachs Asset Management and Fortress Investments shaped a singular process: constant review of growth expectations, competitive threats, and management quality.
Request our research —
What we cover
Payments
Networks, acquirers and processors driving the shift from cash to digital.
Exchanges
Market operators and data franchises with entrenched competitive moats.
Banks & brokers
Modern financial platforms reshaping how capital moves.
Insurance
Insurtech and specialty carriers modernizing a legacy industry.
Financial data & software
The recurring-revenue infrastructure powering global finance.
04 · The team
Two decades on the buy side.
Warren Fisher, CFA
Founder & Chief Investment Officer
Warren founded Manole Capital in 2015 after nearly two decades at Goldman Sachs Asset Management, where he served as a portfolio manager and covered the Financial and Technology service sectors. A graduate of Lehigh University, he built his career on the conviction that superior, growing franchises — bought as businesses and held for the long term — compound value for clients.
05 · Insights & media
We share what we learn.
Newsletters, podcasts and research notes on the businesses driving the FinTech economy — written for long-term thinkers, not headline chasers.
Newsletter
The FinTech monthly
In-depth commentary on payments, exchanges and the businesses shaping financial technology.
Podcasts & media
Conversations on FinTech
Interviews and appearances unpacking the evolution of the FinTech economy.
Research notes
Company deep dives
Proprietary, fundamentally focused analysis of the franchises we follow closely.
“Price is what you pay. Value is what you get.”
Warren Buffett
06 · Who we serve
A fiduciary to every account.
info@manolecapital.com —Institutions
Fiduciary-first portfolio management for institutional mandates.
Family offices
Concentrated exposure to the emerging FinTech economy.
Individuals
Separate accounts with fair and equitable allocation across clients.