StepStone Group
STEP
86 hedge funds and large institutions have $1.35B invested in StepStone Group in 2021 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 44 increasing their positions, 18 reducing their positions, and 11 closing their positions.
180% more capital inflows, than outflows
Capital inflows: $459M | Capital outflows: $164M
144% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 18
82% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 11
33% more call options, than puts
Call options by funds: $1.8M | Put options by funds: $1.36M
29.33% more ownership
Funds ownership: 101.69% → 131.02% (+29%)
12% more funds holding
Funds holding: 77 → 86 (+9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wasatch Advisors
Salt Lake City,
Utah
|
+$99M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$98M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$53.8M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$28.1M |
| 5 |
JP Morgan Chase
New York
|
+$27.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$39.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$28.3M |
| 3 |
Fairview Capital Investment Management
Greenbrae,
California
|
-$25.9M |
| 4 |
WI
Wafra Inc
New York
|
-$23.3M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$22.1M |
STEP Hedge Fund Activity: Q1 2021 in Review
86 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q1 2021, worth a combined $1.35B — up 16% from $1.17B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new STEP positions and 11 closed out — a net gain of 9 holders — while 44 added to existing stakes and 18 trimmed.
The largest buyer was Wasatch Advisors, adding an estimated $99M. The largest seller was Wellington Management Group, cutting an estimated $39.3M.
- 86 institutional investors held StepStone Group (STEP) as of Q1 2021, up from 77 in Q4 2020.
- Funds reported $1.35B of StepStone Group stock for Q1 2021, up 16% quarter-over-quarter.
- 20 funds opened new StepStone Group positions in Q1 2021 and 11 closed out, a net change of +9 holders.
- The largest StepStone Group buyer in Q1 2021 was Wasatch Advisors, an estimated $99M added.
- The largest StepStone Group seller in Q1 2021 was Wellington Management Group, an estimated $39.3M sold.
Based on aggregated 13F filings for Q1 2021.