StepStone Group
STEP
123 hedge funds and large institutions have $1.24B invested in StepStone Group in 2023 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 46 increasing their positions, 39 reducing their positions, and 21 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 39
14% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 21
3% more funds holding
Funds holding: 120 → 123 (+3)
2% more capital invested
Capital invested by funds: $1.21B → $1.24B (+$28.5M)
0.03% more ownership
Funds ownership: 79.21% → 79.24% (+0.03%)
97% less call options, than puts
Call options by funds: $104K | Put options by funds: $3.38M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$14.6M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$7.94M |
| 3 |
BlackRock
New York
|
+$5.19M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$5.12M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$3.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SSA
Schonfeld Strategic Advisors
New York
|
-$18.2M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$18.1M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$12.4M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$10.7M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$4.77M |
STEP Hedge Fund Activity: Q2 2023 in Review
123 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q2 2023, worth a combined $1.24B — up 2.4% from $1.21B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new STEP positions and 21 closed out — a net gain of 3 holders — while 46 added to existing stakes and 39 trimmed.
The largest buyer was Millennium Management, adding an estimated $14.6M. The largest seller was Schonfeld Strategic Advisors, cutting an estimated $18.2M.
- 123 institutional investors held StepStone Group (STEP) as of Q2 2023, up from 120 in Q1 2023.
- Funds reported $1.24B of StepStone Group stock for Q2 2023, up 2.4% quarter-over-quarter.
- 24 funds opened new StepStone Group positions in Q2 2023 and 21 closed out, a net change of +3 holders.
- The largest StepStone Group buyer in Q2 2023 was Millennium Management, an estimated $14.6M added.
- The largest StepStone Group seller in Q2 2023 was Schonfeld Strategic Advisors, an estimated $18.2M sold.
Based on aggregated 13F filings for Q2 2023.