StepStone Group
STEP
124 hedge funds and large institutions have $1.2B invested in StepStone Group in 2022 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 42 increasing their positions, 47 reducing their positions, and 18 closing their positions.
0.19% less ownership
Funds ownership: 80.08% → 79.9% (-0.19%)
3% less funds holding
Funds holding: 128 → 124 (-4)
6% less capital invested
Capital invested by funds: $1.27B → $1.2B (-$72.3M)
11% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 47
17% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$21.9M |
| 2 |
SSA
Schonfeld Strategic Advisors
New York
|
+$12.2M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$7.84M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$6.73M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$141M |
| 2 |
FAM
Fred Alger Management
New York
|
-$19.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.39M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$4.99M |
| 5 |
Millennium Management
New York
|
-$4.1M |
STEP Hedge Fund Activity: Q3 2022 in Review
124 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q3 2022, worth a combined $1.2B — down 5.7% from $1.27B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of STEP and 15 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 42 added.
The largest buyer was American Century Companies, adding an estimated $21.9M. The largest seller was T. Rowe Price Associates, cutting an estimated $141M.
- 124 institutional investors held StepStone Group (STEP) as of Q3 2022, down from 128 in Q2 2022.
- Funds reported $1.2B of StepStone Group stock for Q3 2022, down 5.7% quarter-over-quarter.
- 15 funds opened new StepStone Group positions in Q3 2022 and 18 closed out, a net change of -3 holders.
- The largest StepStone Group buyer in Q3 2022 was American Century Companies, an estimated $21.9M added.
- The largest StepStone Group seller in Q3 2022 was T. Rowe Price Associates, an estimated $141M sold.
Based on aggregated 13F filings for Q3 2022.