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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
BAM
76
Bellevue Asset Management
Washington
$3K +$2.49K +86 New
AIG
77
American International Group
New York
$450 +$327K +11,297 New
William Blair Investment Management
78
William Blair Investment Management
Illinois
– -$13.8M -519,417 Closed
Massachusetts Financial Services
79
Massachusetts Financial Services
Massachusetts
– -$10.6M -396,991 Closed
ECM
80
Engle Capital Management
Connecticut
– -$9.85M -370,000 Closed
DCM
81
Driehaus Capital Management
Illinois
– -$9.1M -341,970 Closed
Millennium Management
82
Millennium Management
New York
– -$8.77K -329,423 Closed
MIM
83
Monashee Investment Management
Massachusetts
– -$5.99M -225,000 Closed
PF
84
Phoenix Financial
Israel
– -$4.26M -170,000 Closed
HP
85
Hound Partners
New York
– -$2.93M -110,000 Closed
PCM
86
Pinz Capital Management
New York
– -$2.79M -105,000 Closed
BC
87
Brookfield Corp
Ontario, Canada
– -$2.26M -85,000 Closed
Jennison Associates
88
Jennison Associates
New York
– -$2.26M -84,968 Closed
AA
89
AQR Arbitrage
Connecticut
– -$2M -75,000 Closed
SC
90
Sculptor Capital
New York
– -$2M -75,000 Closed
SSA
91
Schonfeld Strategic Advisors
New York
– -$2M -74,972 Closed
Principal Financial Group
92
Principal Financial Group
Iowa
– -$1.36M -51,033 Closed
ZP
93
Zimmer Partners
New York
– -$1.33M -50,000 Closed
MWNA
94
Marshall Wace North America
New York
– -$1.13M -42,407 Closed
MS
95
Maven Securities
Jersey
– -$919K -35,684 Closed
MFS
96
Mirabella Financial Services
United Kingdom
– -$916K -34,416 Closed
Tudor Investment Corp
97
Tudor Investment Corp
Connecticut
– -$880K -33,061 Closed
PFMOSF
98
Philadelphia Financial Management of San Francisco
California
– -$762K -28,619 Closed
Jane Street
99
Jane Street
New York
– -$634K -23,829 Closed
Point72 Asset Management
100
Point72 Asset Management
Connecticut
– -$582K -21,873 Closed
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.