StepStone Group
STEP
126 hedge funds and large institutions have $1.67B invested in StepStone Group in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 49 reducing their positions, and 10 closing their positions.
164% more call options, than puts
Call options by funds: $219K | Put options by funds: $83K
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
3% more funds holding
Funds holding: 122 → 126 (+4)
3% more capital invested
Capital invested by funds: $1.62B → $1.67B (+$47.5M)
0.12% more ownership
Funds ownership: 81.84% → 81.96% (+0.12%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$17.7M |
| 2 |
Morgan Stanley
New York
|
+$11.7M |
| 3 |
Millennium Management
New York
|
+$9.74M |
| 4 |
BlackRock
New York
|
+$9.24M |
| 5 |
Lazard Asset Management
New York
|
+$8.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Westfield Capital Management
Boston,
Massachusetts
|
-$28.8M |
| 2 |
FAM
Fred Alger Management
New York
|
-$11.8M |
| 3 |
GC
Gillson Capital
Chicago,
Illinois
|
-$3.66M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$3.51M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$3.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
126
Westfield Capital Management
Boston,
Massachusetts
| – | -$28.8M | -913,069 | Closed |
|
|
GC
127
Gillson Capital
Chicago,
Illinois
| – | -$3.66M | -115,777 | Closed |
|
|
DFCM
128
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | -$1.58M | -50,017 | Closed |
|
129
First Trust Advisors
Wheaton,
Illinois
| – | -$1.15M | -36,539 | Closed |
|
130
Walleye Capital
New York
| – | -$524K | -16,596 | Closed |
|
|
SSA
131
Schonfeld Strategic Advisors
New York
| – | -$395K | -12,500 | Closed |
|
132
HSBC Holdings
London,
United Kingdom
| – | -$332K | -10,375 | Closed |
|
|
CAN
133
Cetera Advisor Networks
El Segundo,
California
| – | -$212K | -6,700 | Closed |
|
|
BIA
134
Bell Investment Advisors
Oakland,
California
| – | -$3.32K | -105 | Closed |
|
|
BF
135
BOK Financial
Tulsa,
Oklahoma
| – | -$170 | -6 | Closed |
|
|
C
136
Covestor
London,
United Kingdom
| – | -$28 | -1 | -20% |
|
STEP Hedge Fund Activity: Q4 2023 in Review
126 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q4 2023, worth a combined $1.67B — up 2.9% from $1.62B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new STEP positions and 10 closed out — a net gain of 5 holders — while 45 added to existing stakes and 49 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $17.7M. The largest seller was Westfield Capital Management, exiting entirely with an estimated $28.8M sold.
- 126 institutional investors held StepStone Group (STEP) as of Q4 2023, up from 122 in Q3 2023.
- Funds reported $1.67B of StepStone Group stock for Q4 2023, up 2.9% quarter-over-quarter.
- 15 funds opened new StepStone Group positions in Q4 2023 and 10 closed out, a net change of +5 holders.
- The largest StepStone Group buyer in Q4 2023 was Wellington Management Group, an estimated $17.7M added.
- The largest StepStone Group seller in Q4 2023 was Westfield Capital Management, an estimated $28.8M sold.
Based on aggregated 13F filings for Q4 2023.