We are live on ! Find out more
STEP icon

StepStone Group
STEP

268 hedge funds and large institutions have $3.95B invested in StepStone Group in 2025 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 87 increasing their positions, 92 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 25

13% more funds holding

Funds holding: 237 → 268 (+31)

8% more capital invested

Capital invested by funds: $3.67B → $3.95B (+$283M)

0.73% more ownership

Funds ownership: 92.02% → 92.75% (+0.73%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 92

45% less call options, than puts

Call options by funds: $960K | Put options by funds: $1.75M

Holders
268
Holders Change
+31
Holders Change %
+13.08%
% of All Funds
3.53%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
58
Increased
87
Reduced
92
Closed
25
Calls
$960K
Puts
$1.75M
Net Calls
-$788K
Net Calls Change
-$620K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$76.8M
2
Citadel Advisors
Citadel Advisors
Florida
+$28.8M
3
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$22.8M
4
VOYA Investment Management
VOYA Investment Management
Georgia
+$19.7M
5
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$19.1M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$73.3M
2
FAM
Fred Alger Management
New York
-$37.3M
3
BlackRock
BlackRock
New York
-$24.5M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$21.5M
5
GIM
Granahan Investment Management
Massachusetts
-$19.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
126
Centiva Capital
New York
$835K +$806K +15,049 New
Sumitomo Mitsui Trust Group
127
Sumitomo Mitsui Trust Group
Japan
$825K +$24.1K +451 +3%
VI
128
Versor Investments
New York
$811K +$782K +14,606 New
PFSRSONJ
129
Police & Firemen's Retirement System of New Jersey
New Jersey
$805K +$6.42K +120 +0.8%
CIBC World Market
130
CIBC World Market
Ontario, Canada
$802K -$2.62K -49 -0.3%
New York State Teachers Retirement System (NYSTRS)
131
New York State Teachers Retirement System (NYSTRS)
New York
$799K -$84.2K -1,573 -10%
KK
132
KLP Kapitalforvaltning
Norway
$788K +$85.7K +1,600 +13%
ProShare Advisors
133
ProShare Advisors
Maryland
$780K -$85.1K -1,589 -10%
Norges Bank
134
Norges Bank
Norway
$758K – – –
MIG
135
Meketa Investment Group
Massachusetts
$749K -$2.14M -39,966 -75%
Handelsbanken Fonder
136
Handelsbanken Fonder
Sweden
$740K -$423K -7,900 -37%
Man Group
137
Man Group
United Kingdom
$733K +$707K +13,206 New
DFCM
138
Dark Forest Capital Management
Puerto Rico
$727K +$305K +5,692 +77%
Truist Financial
139
Truist Financial
North Carolina
$684K -$357K -6,660 -35%
Victory Capital Management
140
Victory Capital Management
Texas
$666K -$333K -6,216 -34%
Point72 Asset Management
141
Point72 Asset Management
Connecticut
$666K +$642K +12,000 New
Amundi
142
Amundi
France
$643K +$586K +10,944 +2,448%
EMPI
143
Elo Mutual Pension Insurance
Finland
$625K +$603K +11,262 New
SGAM
144
Smith Group Asset Management
Texas
$617K – – –
Bank of Montreal
145
Bank of Montreal
Ontario, Canada
$595K +$52K +971 +10%
Pictet Asset Management
146
Pictet Asset Management
Switzerland
$579K – – –
Teacher Retirement System of Texas
147
Teacher Retirement System of Texas
Texas
$574K +$42.2K +788 +8%
ET
148
Entropy Technologies
New York
$571K -$75.5K -1,410 -12%
OAM
149
Oppenheimer Asset Management
New York
$569K -$730K -13,641 -57%
VanEck Associates
150
VanEck Associates
New York
$534K +$515K +9,628 New
4 5
6
7 8

STEP Hedge Fund Activity: Q2 2025 in Review

268 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q2 2025, worth a combined $3.95B — up 7.7% from $3.67B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new STEP positions and 25 closed out — a net gain of 33 holders — while 87 added to existing stakes and 92 trimmed.

The largest buyer was Millennium Management, adding an estimated $76.8M. The largest seller was Fidelity Investments, cutting an estimated $73.3M.

  • 268 institutional investors held StepStone Group (STEP) as of Q2 2025, up from 237 in Q1 2025.
  • Funds reported $3.95B of StepStone Group stock for Q2 2025, up 7.7% quarter-over-quarter.
  • 58 funds opened new StepStone Group positions in Q2 2025 and 25 closed out, a net change of +33 holders.
  • The largest StepStone Group buyer in Q2 2025 was Millennium Management, an estimated $76.8M added.
  • The largest StepStone Group seller in Q2 2025 was Fidelity Investments, an estimated $73.3M sold.

Based on aggregated 13F filings for Q2 2025.