StepStone Group Portfolio holdings
StepStone Group is a private markets firm that builds customized investment portfolios, monitors them and advises investors. Its business spans primary and secondary fund investments plus co-investments, across private equity, real estate, infrastructure, real assets and private debt. Its founders, Monte Brem and Thomas Keck, had earlier made private equity investments at Pacific Corporate Group, as president and managing director respectively. StepStone went public on the Nasdaq in September 2020. The firm serves institutional investors and sponsors worldwide.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphatec Holdings
ATEC
|
+$2.84M |
| 2 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$528K |
| 3 |
RPXC
RPX Corporation
RPXC
|
+$122K |
| 4 |
Hallador Energy
HNRG
|
+$93.9K |
| 5 |
KIOR
KIOR, INC CLASS A COM STK
KIOR
|
+$42.1K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$68.6M |
| 2 |
APA Corp
APA
|
+$30.9M |
| 3 |
QuinStreet
QNST
|
+$2.33M |
| 4 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$267K |
| 5 |
MM
MILLENNIAL MEDIA INC COM STK (DE)
MM
|
+$76K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 37.56% |
| 2 | Healthcare | 31.23% |
| 3 | Consumer Discretionary | 17.23% |
| 4 | Miscellaneous | 7.27% |
| 5 | Technology | 3.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
HCA Healthcare
HCA
$103B
| $56.8M | 29.84% |
1,327,586
-1,756,000
| -57% | -$68.6M |
2013 Q2
1 quarter
|
|
|
CJES
2
DELISTED
C&J ENERGY SVCS LTD
CJES
| $51.9M | 27.27% |
2,583,345
| – | – |
2013 Q2
1 quarter
|
|
3
DELISTED
Caesars Entertainment Corporation
CZR
| $32.8M | 17.23% |
1,665,032
| – | – |
2013 Q2
1 quarter
|
|
|
4
APA Corp
APA
$18.4B
| $18.7M | 9.86% |
220,667
-372,526
| -63% | -$30.9M |
2013 Q2
1 quarter
|
|
|
EDMC
5
DELISTED
EDUCATION MGMT CORP NEW COM STK (PA)
EDMC
| $10.9M | 5.71% |
1,191,519
| – | – |
2013 Q2
1 quarter
|
|
|
ZNGA
6
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $6.89M | 3.62% |
1,877,866
-84,494
| -4% | -$267K |
2013 Q2
1 quarter
|
|
7
Fidus Investment
FDUS
$768M
| $5.05M | 2.65% |
260,105
| – | – |
2013 Q2
1 quarter
|
|
|
8
Alphatec Holdings
ATEC
$1.08B
| $2.65M | 1.39% |
+112,015
| New | +$2.84M |
2013 Q3
0 quarters
|
|
9
DELISTED
Vital Energy
VTLE
| $534K | 0.28% |
900
| – | – |
2013 Q2
1 quarter
|
|
|
NUAN
10
DELISTED
Nuance Communications, Inc.
NUAN
| $515K | 0.27% |
+31,878
| New | +$528K |
2013 Q3
0 quarters
|
|
|
RLOC
11
DELISTED
REACHLOCAL INC COM STK (DE)
RLOC
| $382K | 0.2% |
32,081
| – | – |
2013 Q2
1 quarter
|
|
|
MCEP
12
DELISTED
Mid-Con Energy Partners, LP
MCEP
| $298K | 0.16% |
637
| – | – |
2013 Q2
1 quarter
|
|
|
13
Hallador Energy
HNRG
$505M
| $179K | 0.09% |
24,648
+12,324
| +100% | +$93.9K |
2013 Q2
1 quarter
|
|
|
RPXC
14
DELISTED
RPX Corporation
RPXC
| $126K | 0.07% |
+7,164
| New | +$122K |
2013 Q3
0 quarters
|
|
|
KIOR
15
DELISTED
KIOR, INC CLASS A COM STK
KIOR
| $36K | 0.02% |
+12,695
| New | +$42.1K |
2013 Q3
0 quarters
|
|
|
16
QuinStreet
QNST
$976M
| – | – |
-270,114
| Closed | -$2.33M | – |
|
|
MM
17
DELISTED
MILLENNIAL MEDIA INC COM STK (DE)
MM
| – | – |
-8,771
| Closed | -$76K | – |
|
Similar funds
StepStone Group's Q3 2013 Portfolio in Review
As of Q3 2013, StepStone Group held 18 positions worth $190M, down 25% from $254M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
StepStone Group withdrew a net $96.1M in Q3 2013, closing 2 positions and reducing 3 holdings. Its most notable exit was QuinStreet, an estimated $2.33M position sold in full.
By sector, the portfolio is most concentrated in Energy at 38% of assets, down from 39% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, StepStone Group opened a new position in Alphatec Holdings worth $2.65M.
- StepStone Group's largest Q3 2013 buy was Alphatec Holdings: 112,015 shares worth $2.65M.
- StepStone Group added most to Hallador Energy in Q3 2013, an estimated $93.9K increase.
- StepStone Group's biggest Q3 2013 reduction was HCA Healthcare, cutting an estimated $68.6M.
- StepStone Group fully exited QuinStreet in Q3 2013, selling an estimated $2.33M.
- StepStone Group's ten largest holdings make up 99% of its $190M portfolio in Q3 2013.
- StepStone Group opened 5 new positions and closed 2 in Q3 2013.
- StepStone Group's portfolio value fell 25% quarter-over-quarter to $190M.
Based on StepStone Group's 13F filing for Q3 2013, filed 7 Nov 2013.