StepStone Group
STEP
120 hedge funds and large institutions have $1.21B invested in StepStone Group in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 51 increasing their positions, 31 reducing their positions, and 18 closing their positions.
65% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 31
22% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 18
2% more funds holding
Funds holding: 118 → 120 (+2)
0.23% less ownership
Funds ownership: 79.44% → 79.21% (-0.23%)
3% less capital invested
Capital invested by funds: $1.24B → $1.21B (-$33.3M)
62% less call options, than puts
Call options by funds: $308K | Put options by funds: $803K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$19M |
| 2 |
Millennium Management
New York
|
+$17.6M |
| 3 |
BlackRock
New York
|
+$8.01M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.06M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$5.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$35.1M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$20.3M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$15M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$11.8M |
| 5 |
FAM
Fred Alger Management
New York
|
-$7.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VRS
126
Virginia Retirement Systems
Richmond,
Virginia
| – | -$307K | -12,200 | Closed |
|
|
GCM
127
Graham Capital Management
Rowayton,
Connecticut
| – | -$258K | -10,232 | Closed |
|
|
MM
128
MQS Management
New York
| – | -$222K | -8,830 | Closed |
|
|
GTCM
129
Gyon Technologies Capital Management
Denville,
New Jersey
| – | -$67K | -2,660 | Closed |
|
130
Allspring Global Investments
Charlotte,
North Carolina
| – | -$40.3K | -1,601 | Closed |
|
|
EE
131
EWG Elevate
Roseville,
California
| – | -$6.29K | -250 | Closed |
|
|
BTI
132
Blue Trust Inc
Alpharetta,
Georgia
| – | -$1K | -44 | Closed |
|
|
NA
133
NewEdge Advisors
New Orleans,
Louisiana
| – | -$755 | -30 | Closed |
|
134
US Bancorp
Minneapolis,
Minnesota
| – | -$655 | -26 | Closed |
|
|
BIA
135
Bell Investment Advisors
Oakland,
California
| – | -$529 | -21 | Closed |
|
|
C
136
Covestor
London,
United Kingdom
| – | -$246 | -9 | -47% |
|
|
IA
137
IFP Advisors
Tampa,
Florida
| – | -$1K | -2 | Closed |
|
|
SFG
138
Steward Financial Group
Colleyville,
Texas
| – | +$82 | +3 | New |
|
STEP Hedge Fund Activity: Q1 2023 in Review
120 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q1 2023, worth a combined $1.21B — down 2.7% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new STEP positions and 18 closed out — a net gain of 4 holders — while 51 added to existing stakes and 31 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $19M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $35.1M.
- 120 institutional investors held StepStone Group (STEP) as of Q1 2023, up from 118 in Q4 2022.
- Funds reported $1.21B of StepStone Group stock for Q1 2023, down 2.7% quarter-over-quarter.
- 22 funds opened new StepStone Group positions in Q1 2023 and 18 closed out, a net change of +4 holders.
- The largest StepStone Group buyer in Q1 2023 was Wellington Management Group, an estimated $19M added.
- The largest StepStone Group seller in Q1 2023 was T. Rowe Price Investment Management, an estimated $35.1M sold.
Based on aggregated 13F filings for Q1 2023.