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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
SO
126
STRS Ohio
Ohio
$757K -$341K -5,800 -29%
Universal-Beteiligungs- und Servicegesellschaft
127
Universal-Beteiligungs- und Servicegesellschaft
Germany
$753K +$848K +14,418 New
Sumitomo Mitsui Trust Group
128
Sumitomo Mitsui Trust Group
Japan
$753K +$370K +6,289 +77%
PFSRSONJ
129
Police & Firemen's Retirement System of New Jersey
New Jersey
$751K +$27.2K +462 +3%
Verition Fund Management
130
Verition Fund Management
Connecticut
$745K -$688K -11,702 -45%
Norges Bank
131
Norges Bank
Norway
$713K -$10.9M -185,768 -93%
KK
132
KLP Kapitalforvaltning
Norway
$658K -$64.7K -1,100 -8%
ET
133
Entropy Technologies
New York
$611K +$688K +11,697 New
Fidelity International
134
Fidelity International
Bermuda
$606K -$3.64M -61,911 -84%
SGAM
135
Smith Group Asset Management
Texas
$580K +$2.47K +42 +0.4%
TSS
136
Two Sigma Securities
New York
$558K +$629K +10,685 New
Pictet Asset Management
137
Pictet Asset Management
Switzerland
$545K +$122K +2,072 +25%
Bank of Montreal
138
Bank of Montreal
Ontario, Canada
$510K +$149K +2,530 +35%
MOACM
139
Mutual of America Capital Management
New York
$502K +$1.82K +31 +0.3%
Teacher Retirement System of Texas
140
Teacher Retirement System of Texas
Texas
$499K +$562K +9,555 New
Royal Bank of Canada
141
Royal Bank of Canada
Ontario, Canada
$477K +$226K +3,843 +73%
Public Employees Retirement Association of Colorado
142
Public Employees Retirement Association of Colorado
Colorado
$447K – – –
HIS
143
Harvest Investment Services
Illinois
$393K -$475K -8,081 -52%
DFCM
144
Dark Forest Capital Management
Puerto Rico
$387K +$436K +7,406 New
Walleye Capital
145
Walleye Capital
New York
$359K +$404K +6,876 New
AIP
146
Ameritas Investment Partners
Nebraska
$359K – – –
BHCM
147
Brevan Howard Capital Management
Jersey
$326K +$368K +6,250 New
ECM
148
Evergreen Capital Management
Washington
$321K +$86.5K +1,471 +31%
AI
149
Atria Investments
North Carolina
$311K +$1.59K +27 +0.5%
TC
150
TwinBeech Capital
New York
$302K +$340K +5,773 New
4 5
6
7 8

STEP Hedge Fund Activity: Q1 2025 in Review

237 of the 7,458 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.