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 |
CACQ
Caesars Acquisition Company
CACQ
|
+$23.1M |
| 2 |
HOMEAWAY INC COM
AWAY
|
+$217K |
| 3 |
ECOM
CHANNELADVISOR CORPORATION
ECOM
|
+$33.8K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$63M |
| 2 |
Caesars Entertainment Corporation
CZR
|
+$38.4M |
| 3 |
CJES
C&J ENERGY SVCS LTD
CJES
|
+$31.9M |
| 4 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$4.97M |
| 5 |
MCEP
Mid-Con Energy Partners, LP
MCEP
|
+$219K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 50.92% |
| 2 | Energy | 34.67% |
| 3 | Miscellaneous | 5.81% |
| 4 | Financials | 4.62% |
| 5 | Healthcare | 1.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
CJES
1
DELISTED
C&J ENERGY SVCS LTD
CJES
| $37.7M | 34.67% |
1,291,671
-1,291,674
| -50% | -$31.9M |
2013 Q2
3 quarters
|
|
|
2
DELISTED
Caesars Entertainment Corporation
CZR
| $31.7M | 29.14% |
1,665,032
-1,665,032
| -50% | -$38.4M |
2013 Q2
3 quarters
|
|
|
CACQ
3
DELISTED
Caesars Acquisition Company
CACQ
| $23.7M | 21.78% |
+1,665,032
| New | +$23.1M |
2014 Q1
0 quarters
|
|
|
EDMC
4
DELISTED
EDUCATION MGMT CORP NEW COM STK (PA)
EDMC
| $5.8M | 5.34% |
1,191,519
| – | – |
2013 Q2
3 quarters
|
|
5
Fidus Investment
FDUS
$770M
| $5.02M | 4.62% |
260,105
| – | – |
2013 Q2
3 quarters
|
|
6
Alphatec Holdings
ATEC
$1.86B
| $2.02M | 1.86% |
112,015
| – | – |
2013 Q3
2 quarters
|
|
7
QuinStreet
QNST
$979M
| $1.79M | 1.65% |
270,114
| – | – |
2013 Q4
1 quarter
|
|
|
NUAN
8
DELISTED
Nuance Communications, Inc.
NUAN
| $474K | 0.44% |
31,878
| – | – |
2013 Q3
2 quarters
|
|
|
RLOC
9
DELISTED
REACHLOCAL INC COM STK (DE)
RLOC
| $316K | 0.29% |
32,081
| – | – |
2013 Q2
3 quarters
|
|
|
10
DELISTED
HOMEAWAY INC COM
AWAY
| $194K | 0.18% |
+5,146
| New | +$217K |
2014 Q1
0 quarters
|
|
|
ECOM
11
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $30K | 0.03% |
+784
| New | +$33.8K |
2014 Q1
0 quarters
|
|
|
12
HCA Healthcare
HCA
$103B
| – | – |
-1,320,586
| Closed | -$63M | – |
|
13
Hallador Energy
HNRG
$565M
| – | – |
-12,324
| Closed | -$99K | – |
|
|
ZNGA
14
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| – | – |
-1,308,360
| Closed | -$4.97M | – |
|
|
MCEP
15
DELISTED
Mid-Con Energy Partners, LP
MCEP
| – | – |
-480
| Closed | -$219K | – |
|
Similar funds
StepStone Group's Q1 2014 Portfolio in Review
As of Q1 2014, StepStone Group held 15 positions worth $109M, down 51% from $223M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
StepStone Group withdrew a net $115M in Q1 2014, closing 4 positions and reducing 2 holdings. Its most notable exit was HCA Healthcare, an estimated $63M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 51% of assets, up from 32% a quarter earlier, followed by Energy and Miscellaneous.
Against the trend, StepStone Group opened a new position in Caesars Acquisition Company worth $23.7M.
- StepStone Group's largest Q1 2014 buy was Caesars Acquisition Company: 1,665,032 shares worth $23.7M.
- StepStone Group's biggest Q1 2014 reduction was Caesars Entertainment Corporation, cutting an estimated $38.4M.
- StepStone Group fully exited HCA Healthcare in Q1 2014, selling an estimated $63M.
- StepStone Group's ten largest holdings make up 100% of its $109M portfolio in Q1 2014.
- StepStone Group opened 3 new positions and closed 4 in Q1 2014.
- StepStone Group's portfolio value fell 51% quarter-over-quarter to $109M.
Based on StepStone Group's 13F filing for Q1 2014, filed 15 May 2014.