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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$76.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$28.8M |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$22.8M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
+$19.7M |
| 5 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$19.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$73.3M |
| 2 |
FAM
Fred Alger Management
New York
|
-$37.3M |
| 3 |
BlackRock
New York
|
-$24.5M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$21.5M |
| 5 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$19.8M |
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.