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StepStone Group
STEP

257 hedge funds and large institutions have $4.83B invested in StepStone Group in 2025 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 112 increasing their positions, 63 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 63

22% more capital invested

Capital invested by funds: $3.95B → $4.83B (+$878M)

1.4% more ownership

Funds ownership: 92.75% → 94.15% (+1.4%)

4% less funds holding

Funds holding: 268 → 257 (-11)

20% less first-time investments, than exits

New positions opened: 35 | Existing positions closed: 44

100% less call options, than puts

Call options by funds: $7K | Put options by funds: $2.17M

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
257
Holders Change
-11
Holders Change %
-4.1%
% of All Funds
3.37%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
35
Increased
112
Reduced
63
Closed
44
Calls
$7K
Puts
$2.17M
Net Calls
-$2.17M
Net Calls Change
-$1.38M

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$138M
2
BlackRock
BlackRock
New York
+$50.5M
3
Westfield Capital Management
Westfield Capital Management
Massachusetts
+$47.5M
4
Ameriprise
Ameriprise
Minnesota
+$34.9M
5
UBS Group
UBS Group
Switzerland
+$29.5M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$102M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$36.6M
3
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$33.2M
4
Millennium Management
Millennium Management
New York
-$30.7M
5
Citadel Advisors
Citadel Advisors
Florida
-$23.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS AM
226
UBS AM
Illinois
$2.48K -$11.7M -192,264 -100%
Northwestern Mutual Wealth Management
227
Northwestern Mutual Wealth Management
Wisconsin
$2.48K – – –
FMII
228
Farmers & Merchants Investments Inc
Nebraska
$2.42K – – –
NC
229
North Capital
Utah
$1.83K – – –
TWD
230
True Wealth Design
Ohio
$1.63K – – –
WT
231
Whittier Trust
California
$1.21K – – –
SS
232
SBI Securities
Japan
$1.11K -$61 -1 -6%
PMAM
233
Picton Mahoney Asset Management
Ontario, Canada
$1K – – –
JWM
234
JPL Wealth Management
Colorado
$980 +$915 +15 New
PWA
235
Physician Wealth Advisors
Utah
$719 – – –
SC
236
SouthState Corp
Florida
$719 – – –
FFO
237
Fortitude Family Office
Arizona
$718 – – –
SHIM
238
Stone House Investment Management
Pennsylvania
$718 +$671 +11 New
HFS
239
Hughes Financial Services
Virginia
$683 – – –
RWM
240
Rialto Wealth Management
New York
$654 – – –
GA
241
Guerra Advisors
Florida
$653 +$610 +10 New
CT
242
Clearstead Trust
Maine
$523 – – –
JWA
243
JFS Wealth Advisors
Pennsylvania
$458 – – –
IA
244
IFP Advisors
Florida
$392 +$366 +6 New
HNB
245
Huntington National Bank
Ohio
$326 – – –
DPW
246
DiNuzzo Private Wealth
Pennsylvania
$311 – – –
AGWCA
247
Annis Gardner Whiting Capital Advisors
Florida
$262 – – –
EP
248
Essential Partners
California
$261 – – –
AWM
249
Abound Wealth Management
Tennessee
$196 – – –
ASN
250
Advisory Services Network
Georgia
$196 +$183 +3 New
8 9
10
11 12

STEP Hedge Fund Activity: Q3 2025 in Review

257 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q3 2025, worth a combined $4.83B — up 22% from $3.95B a quarter earlier.

Sellers outnumbered buyers: 44 funds closed out of STEP and 35 opened new positions — a net loss of 9 holders — while 63 trimmed existing stakes and 112 added.

The largest buyer was Wellington Management Group, adding an estimated $138M. The largest seller was T. Rowe Price Associates, cutting an estimated $102M.

  • 257 institutional investors held StepStone Group (STEP) as of Q3 2025, down from 268 in Q2 2025.
  • Funds reported $4.83B of StepStone Group stock for Q3 2025, up 22% quarter-over-quarter.
  • 35 funds opened new StepStone Group positions in Q3 2025 and 44 closed out, a net change of -9 holders.
  • The largest StepStone Group buyer in Q3 2025 was Wellington Management Group, an estimated $138M added.
  • The largest StepStone Group seller in Q3 2025 was T. Rowe Price Associates, an estimated $102M sold.

Based on aggregated 13F filings for Q3 2025.