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StepStone Group
STEP

260 hedge funds and large institutions have $5.11B invested in StepStone Group in 2025 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 108 increasing their positions, 75 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 75

23% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 30

6.46% more ownership

Funds ownership: 94.15% → 100.6% (+6.5%)

6% more capital invested

Capital invested by funds: $4.83B → $5.11B (+$279M)

1% more funds holding

Funds holding: 257 → 260 (+3)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $314K

Holders
260
Holders Change
+3
Holders Change %
+1.17%
% of All Funds
3.16%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.02%
New
37
Increased
108
Reduced
75
Closed
30
Calls
–
Puts
$314K
Net Calls
-$314K
Net Calls Change
+$1.85M

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$46.1M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$45.8M
3
Millennium Management
Millennium Management
New York
+$35.5M
4
Holocene Advisors
Holocene Advisors
New York
+$33.5M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$31.9M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$55.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$50.7M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$32M
4
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
-$15.6M
5
UBS Group
UBS Group
Switzerland
-$15.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
FPF
226
First Pacific Financial
Washington
$3.92K +$3.86K +61 New
SC
227
SouthState Corp
Florida
$3.21K +$2.47K +39 +355%
WWM
228
Wolff Wiese Magana
California
$3.08K – – –
C
229
Covestor
United Kingdom
$3K +$2.4K +38 +1,267%
PFBT
230
Parkside Financial Bank & Trust
Missouri
$2.76K +$63 +1 +2%
Northwestern Mutual Wealth Management
231
Northwestern Mutual Wealth Management
Wisconsin
$2.44K – – –
FMII
232
Farmers & Merchants Investments Inc
Nebraska
$2.37K – – –
TWD
233
True Wealth Design
Ohio
$1.6K – – –
PMAM
234
Picton Mahoney Asset Management
Ontario, Canada
$1.41K – – –
WT
235
Whittier Trust
California
$1.27K – – –
MCM
236
MAI Capital Management
Ohio
$1.16K +$1.14K +18 New
GSWM
237
Golden State Wealth Management
California
$1.16K +$1.14K +18 New
SS
238
SBI Securities
Japan
$1.09K – – –
PWA
239
Physician Wealth Advisors
Utah
$1.09K +$379 +6 +55%
FFO
240
Fortitude Family Office
Arizona
$706 – – –
HFS
241
Hughes Financial Services
Virginia
$706 – – –
SHIM
242
Stone House Investment Management
Pennsylvania
$706 – – –
AW
243
Ankerstar Wealth
Texas
$706 +$696 +11 New
RWM
244
Rialto Wealth Management
New York
$642 – – –
JWA
245
JFS Wealth Advisors
Pennsylvania
$450 – – –
GWM
246
Gilpin Wealth Management
Colorado
$450 +$443 +7 New
IA
247
IFP Advisors
Florida
$385 – – –
TCM
248
TD Capital Management
Tennessee
$322 +$316 +5 New
DPW
249
DiNuzzo Private Wealth
Pennsylvania
$321 – – –
AGWCA
250
Annis Gardner Whiting Capital Advisors
Florida
$257 – – –
8 9
10
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STEP Hedge Fund Activity: Q4 2025 in Review

260 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q4 2025, worth a combined $5.11B — up 5.8% from $4.83B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new STEP positions and 30 closed out — a net gain of 7 holders — while 108 added to existing stakes and 75 trimmed.

The largest buyer was Vanguard Group, adding an estimated $46.1M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $55.1M.

  • 260 institutional investors held StepStone Group (STEP) as of Q4 2025, up from 257 in Q3 2025.
  • Funds reported $5.11B of StepStone Group stock for Q4 2025, up 5.8% quarter-over-quarter.
  • 37 funds opened new StepStone Group positions in Q4 2025 and 30 closed out, a net change of +7 holders.
  • The largest StepStone Group buyer in Q4 2025 was Vanguard Group, an estimated $46.1M added.
  • The largest StepStone Group seller in Q4 2025 was T. Rowe Price Investment Management, an estimated $55.1M sold.

Based on aggregated 13F filings for Q4 2025.