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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$46.1M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$45.8M |
| 3 |
Millennium Management
New York
|
+$35.5M |
| 4 |
Holocene Advisors
New York
|
+$33.5M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$31.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$55.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$50.7M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$32M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$15.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$15.3M |
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.