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 |
USER
UserTesting, Inc.
USER
|
+$64.8M |
| 2 |
Rover Group, Inc. Class A Common Stock
ROVR
|
+$3.85M |
| 3 |
Planet Labs
PL
|
+$3.17M |
| 4 |
Freshworks
FRSH
|
+$673K |
| 5 |
SentinelOne
S
|
+$583K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rocket Lab Corp
RKLB
|
+$48M |
| 2 |
Dun & Bradstreet
DNB
|
+$29.9M |
| 3 |
Xometry
XMTR
|
+$29.6M |
| 4 |
Coinbase
COIN
|
+$8.64M |
| 5 |
NeueHealth
NEUE
|
+$8.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.34% |
| 2 | Financials | 35.95% |
| 3 | Industrials | 15.39% |
| 4 | Healthcare | 9.91% |
| 5 | Consumer Discretionary | 1.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
DELISTED
Dun & Bradstreet
DNB
| $386M | 28.8% |
22,042,226
-1,608,581
| -7% | -$29.9M |
2021 Q4
1 quarter
|
|
|
USER
2
DELISTED
UserTesting, Inc.
USER
| $266M | 19.82% |
24,868,471
+7,813,633
| +46% | +$64.8M |
2021 Q4
1 quarter
|
|
3
DELISTED
WalkMe Ltd. Ordinary Shares
WKME
| $156M | 11.66% |
10,366,855
| – | – |
2021 Q3
2 quarters
|
|
|
4
Rocket Lab Corp
RKLB
$41.4B
| $98.8M | 7.37% |
12,273,414
-5,163,081
| -30% | -$48M |
2021 Q3
2 quarters
|
|
|
5
DELISTED
NeueHealth
NEUE
| $80.5M | 6% |
521,066
-37,071
| -7% | -$8.23M |
2021 Q3
2 quarters
|
|
|
6
Xometry
XMTR
$6.89B
| $79M | 5.89% |
2,148,745
-646,321
| -23% | -$29.6M |
2021 Q3
2 quarters
|
|
7
UiPath
PATH
$6.92B
| $77.1M | 5.75% |
1,786,527
| – | – |
2021 Q3
2 quarters
|
|
8
DELISTED
MoneyLion Inc.
ML
| $61.3M | 4.57% |
813,661
| – | – |
2021 Q3
2 quarters
|
|
9
DELISTED
Doma Holdings, Inc.
DOMA
| $32.3M | 2.41% |
595,179
| – | – |
2021 Q3
2 quarters
|
|
10
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
| $24.4M | 1.82% |
147,261
| – | – |
2021 Q4
1 quarter
|
|
|
NGM
11
DELISTED
NGM Biopharmaceuticals, Inc. Common Stock
NGM
| $24M | 1.79% |
1,573,357
| – | – |
2021 Q3
2 quarters
|
|
|
12
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
| $17.5M | 1.31% |
3,038,567
+643,394
| +27% | +$3.85M |
2021 Q3
2 quarters
|
|
|
IMGO
13
DELISTED
Imago BioSciences, Inc. Common stock
IMGO
| $10.1M | 0.75% |
522,987
| – | – |
2021 Q3
2 quarters
|
|
14
Entrada Therapeutics
TRDA
$199M
| $7.15M | 0.53% |
761,277
| – | – |
2021 Q4
1 quarter
|
|
15
Phathom Pharmaceuticals
PHAT
$493M
| $5.74M | 0.43% |
422,085
| – | – |
2021 Q3
2 quarters
|
|
16
Tenaya Therapeutics
TNYA
$79.6M
| $5.44M | 0.41% |
462,163
| – | – |
2021 Q3
2 quarters
|
|
|
17
Planet Labs
PL
$5.02B
| $4.23M | 0.32% |
832,608
+575,504
| +224% | +$3.17M |
2021 Q4
1 quarter
|
|
18
TaoWeave Inc
TWAV
$4.77M
| $2.44M | 0.18% |
6,154
| – | – |
2021 Q3
2 quarters
|
|
19
Roblox
RBLX
$35.7B
| $1.47M | 0.11% |
31,749
-120,558
| -79% | -$7.27M |
2021 Q3
2 quarters
|
|
|
20
Freshworks
FRSH
$3.32B
| $593K | 0.04% |
+33,067
| New | +$673K |
2022 Q1
0 quarters
|
|
|
21
SentinelOne
S
$7.73B
| $592K | 0.04% |
+14,263
| New | +$583K |
2022 Q1
0 quarters
|
|
22
Procore
PCOR
$11.6B
| $212K | 0.02% |
+3,665
| New | +$233K |
2022 Q1
0 quarters
|
|
23
Amplitude
AMPL
$2.21B
| – | – |
-9,518
| Closed | -$504K | – |
|
24
Blend Labs
BLND
$255M
| – | – |
-113,834
| Closed | -$836K | – |
|
25
DELISTED
Confluent
CFLT
| – | – |
-13,176
| Closed | -$1M | – |
|
Similar funds
StepStone Group's Q1 2022 Portfolio in Review
As of Q1 2022, StepStone Group held 40 positions worth $1.34B, down 24% from $1.75B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
StepStone Group withdrew a net $76.2M in Q1 2022, closing 18 positions and reducing 5 holdings. Its most notable exit was Coinbase, an estimated $8.64M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 25% a quarter earlier, followed by Financials and Industrials.
Against the trend, StepStone Group opened a new position in Freshworks worth $593K.
- StepStone Group's largest Q1 2022 buy was Freshworks: 33,067 shares worth $593K.
- StepStone Group added most to UserTesting, Inc. in Q1 2022, an estimated $64.8M increase.
- StepStone Group's biggest Q1 2022 reduction was Rocket Lab Corp, cutting an estimated $48M.
- StepStone Group fully exited Coinbase in Q1 2022, selling an estimated $8.64M.
- StepStone Group's ten largest holdings make up 94% of its $1.34B portfolio in Q1 2022.
- StepStone Group opened 3 new positions and closed 18 in Q1 2022.
- StepStone Group's portfolio value fell 24% quarter-over-quarter to $1.34B.
Based on StepStone Group's 13F filing for Q1 2022, filed 13 May 2022.