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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$37.6M |
| 2 |
FAM
Fred Alger Management
New York
|
+$30.6M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$27.6M |
| 4 |
JP Morgan Chase
New York
|
+$23.5M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$20.9M |
| 2 |
IG
Inherent Group
New York
|
-$13.9M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$13.8M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$11.9M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$10.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PHK
101
Point72 Hong Kong
Hong Kong
| – | -$335K | -12,572 | Closed |
|
|
GPGA
102
Grandeur Peak Global Advisors
Salt Lake City,
Utah
| – | -$266K | -10,000 | Closed |
|
|
GCP
103
GSA Capital Partners
London,
United Kingdom
| – | -$266K | -10,000 | Closed |
|
104
Teacher Retirement System of Texas
Austin,
Texas
| – | -$266K | -10,000 | Closed |
|
|
BAM
105
Bullseye Asset Management
Denver,
Colorado
| – | -$27K | -1,000 | Closed |
|
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.