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StepStone Group
STEP

77 hedge funds and large institutions have $1.16B invested in StepStone Group in 2020 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 25 increasing their positions, 12 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 12

58% more capital invested

Capital invested by funds: $735M → $1.16B (+$430M)

18% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 28

7% more funds holding

Funds holding: 72 → 77 (+5)

6.5% less ownership

Funds ownership: 108.19% → 101.69% (-6.5%)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
77
Holders Change
+5
Holders Change %
+6.94%
% of All Funds
1.36%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
33
Increased
25
Reduced
12
Closed
28
Calls
$836K
Puts
–
Net Calls
+$836K
Net Calls Change
+$836K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$37.6M
2
FAM
Fred Alger Management
New York
+$30.6M
3
WA
Wasatch Advisors
Utah
+$27.6M
4
JP Morgan Chase
JP Morgan Chase
New York
+$23.5M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$9.9M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$20.9M
2
IG
Inherent Group
New York
-$13.9M
3
William Blair Investment Management
William Blair Investment Management
Illinois
-$13.8M
4
Citadel Advisors
Citadel Advisors
Florida
-$11.9M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$10.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$3.65M +$2.11M +72,683 +382%
Ameriprise
27
Ameriprise
Minnesota
$3.49M +$1.64M +56,416 +180%
N
28
Nuveen
North Carolina
$3.14M +$2.28M +78,795 New
LCM
29
Laurion Capital Management
New York
$2.98M – – –
AA
30
ALPS Advisors
Colorado
$2.98M +$2.17M +75,000 New
Fidelity International
31
Fidelity International
Bermuda
$2.72M -$3.18M -109,876 -62%
Wells Fargo
32
Wells Fargo
California
$2.5M +$1.31M +45,294 +258%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$2.47M +$1.8M +62,000 New
Manulife (Manufacturers Life Insurance)
34
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.43M +$320K +11,040 +22%
TD Asset Management
35
TD Asset Management
Ontario, Canada
$2.12M +$154K +5,300 +11%
Two Sigma Advisers
36
Two Sigma Advisers
New York
$2.1M +$1.53M +52,800 New
Citadel Advisors
37
Citadel Advisors
Florida
$1.91M -$11.9M -410,340 -90%
Morgan Stanley
38
Morgan Stanley
New York
$1.77M +$1.13M +39,046 +701%
State of Wisconsin Investment Board
39
State of Wisconsin Investment Board
Wisconsin
$1.77M -$159K -5,500 -11%
California Public Employees Retirement System
40
California Public Employees Retirement System
California
$1.54M +$1.12M +38,623 New
Susquehanna International Group
41
Susquehanna International Group
Pennsylvania
$1.34M +$979K +33,778 New
IG
42
Inherent Group
New York
$1.24M -$13.9M -480,473 -94%
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$1.17M +$852K +29,395 New
Truist Financial
44
Truist Financial
North Carolina
$1.09M +$491K +16,933 +160%
OAM
45
Oppenheimer Asset Management
New York
$1.03M +$359K +12,398 +92%
AC
46
Allstate Corporation
Illinois
$909K +$309K +10,660 +88%
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$867K +$631K +21,774 New
Norges Bank
48
Norges Bank
Norway
$796K -$2.32M -80,000 -80%
TRSOTSOK
49
Teachers Retirement System of the State of Kentucky
Kentucky
$708K – – –
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$601K +$438K +15,100 New
1
2
3 4 5

STEP Hedge Fund Activity: Q4 2020 in Review

77 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q4 2020, worth a combined $1.16B — up 58% from $735M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new STEP positions and 28 closed out — a net gain of 5 holders — while 25 added to existing stakes and 12 trimmed.

The largest buyer was BlackRock, adding an estimated $37.6M. The largest seller was Wellington Management Group, cutting an estimated $20.9M.

  • 77 institutional investors held StepStone Group (STEP) as of Q4 2020, up from 72 in Q3 2020.
  • Funds reported $1.16B of StepStone Group stock for Q4 2020, up 58% quarter-over-quarter.
  • 33 funds opened new StepStone Group positions in Q4 2020 and 28 closed out, a net change of +5 holders.
  • The largest StepStone Group buyer in Q4 2020 was BlackRock, an estimated $37.6M added.
  • The largest StepStone Group seller in Q4 2020 was Wellington Management Group, an estimated $20.9M sold.

Based on aggregated 13F filings for Q4 2020.