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StepStone Group
STEP

237 hedge funds and large institutions have $3.67B invested in StepStone Group in 2025 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 106 increasing their positions, 74 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 74

1.89% less ownership

Funds ownership: 93.91% → 92.02% (-1.9%)

6% less funds holding

Funds holding: 253 → 237 (-16)

7% less capital invested

Capital invested by funds: $3.95B → $3.67B (-$286M)

33% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 43

62% less call options, than puts

Call options by funds: $104K | Put options by funds: $272K

Holders
237
Holders Change
-16
Holders Change %
-6.32%
% of All Funds
3.18%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
29
Increased
106
Reduced
74
Closed
43
Calls
$104K
Puts
$272K
Net Calls
-$168K
Net Calls Change
-$3.17M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$127M
2
Citadel Advisors
Citadel Advisors
Florida
+$55.9M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$28.3M
4
Invesco
Invesco
Georgia
+$27.6M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$25.8M

Top Sellers

Rank Fund Capital Flow
1
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$52.8M
2
Ameriprise
Ameriprise
Minnesota
-$30.5M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$18.2M
4
Bank of New York Mellon
Bank of New York Mellon
New York
-$16M
5
KI
Keystone Investors
Singapore
-$12.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Zurich Cantonal Bank
101
Zurich Cantonal Bank
Switzerland
$1.12M +$98.4K +1,673 +8%
OAC
102
OMERS Administration Corp
Ontario, Canada
$1.11M +$1.25M +21,300 New
Handelsbanken Fonder
103
Handelsbanken Fonder
Sweden
$1.11M +$382K +6,500 +44%
New York State Common Retirement Fund
104
New York State Common Retirement Fund
New York
$1.09M +$100K +1,700 +9%
Los Angeles Capital Management
105
Los Angeles Capital Management
California
$1.05M -$1.63M -27,644 -58%
MSRPS
106
Maryland State Retirement & Pension System
Maryland
$1M -$121K -2,055 -10%
JFG
107
Jefferies Financial Group
New York
$994K +$1.12M +19,029 New
Truist Financial
108
Truist Financial
North Carolina
$992K -$326K -5,537 -23%
AB
109
Amalgamated Bank
New York
$982K +$21.4K +364 +2%
ASRS
110
Arizona State Retirement System
Arizona
$978K +$1.06K +18 +0.1%
AA
111
ALPS Advisors
Colorado
$963K -$66.5K -1,130 -6%
Victory Capital Management
112
Victory Capital Management
Texas
$951K -$108K -1,829 -9%
LPL Financial
113
LPL Financial
California
$895K +$3.82K +65 +0.4%
VOYA Investment Management
114
VOYA Investment Management
Georgia
$893K -$59.9K -1,019 -6%
BPC
115
Bryce Point Capital
New York
$837K +$410K +6,964 +78%
New York State Teachers Retirement System (NYSTRS)
116
New York State Teachers Retirement System (NYSTRS)
New York
$834K – – –
COPPSERS
117
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$825K +$135K +2,293 +17%
ProShare Advisors
118
ProShare Advisors
Maryland
$818K -$240K -4,080 -21%
IAA
119
Independent Advisor Alliance
North Carolina
$813K +$916K +15,564 New
State Board of Administration of Florida Retirement System
120
State Board of Administration of Florida Retirement System
Florida
$805K – – –
State of Tennessee, Department of Treasury
121
State of Tennessee, Department of Treasury
Tennessee
$790K -$413K -7,028 -32%
OPERF
122
Oregon Public Employees Retirement Fund
Oregon
$788K +$11.5K +195 +1%
AQR Capital Management
123
AQR Capital Management
Connecticut
$778K +$53.4K +908 +6%
CWM
124
CIBC World Markets
New York
$771K +$507K +8,615 +140%
CIBC World Market
125
CIBC World Market
Ontario, Canada
$757K -$6.82K -116 -0.8%
3 4
5
6 7

STEP Hedge Fund Activity: Q1 2025 in Review

237 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q1 2025, worth a combined $3.67B — down 7.2% from $3.95B a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of STEP and 29 opened new positions — a net loss of 14 holders — while 74 trimmed existing stakes and 106 added.

The largest buyer was Millennium Management, adding an estimated $127M. The largest seller was CIBC Private Wealth Group, cutting an estimated $52.8M.

  • 237 institutional investors held StepStone Group (STEP) as of Q1 2025, down from 253 in Q4 2024.
  • Funds reported $3.67B of StepStone Group stock for Q1 2025, down 7.2% quarter-over-quarter.
  • 29 funds opened new StepStone Group positions in Q1 2025 and 43 closed out, a net change of -14 holders.
  • The largest StepStone Group buyer in Q1 2025 was Millennium Management, an estimated $127M added.
  • The largest StepStone Group seller in Q1 2025 was CIBC Private Wealth Group, an estimated $52.8M sold.

Based on aggregated 13F filings for Q1 2025.