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StepStone Group

122 hedge funds and large institutions have $1.62B invested in StepStone Group in 2023 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 54 increasing their positions, 31 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 31

59% more call options, than puts

Call options by funds: $126K | Put options by funds: $79K

31% more capital invested

Capital invested by funds: $1.24B → $1.62B (+$389M)

2.6% more ownership

Funds ownership: 79.24%81.84% (+2.6%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1% less funds holding

Funds holding: 123122 (-1)

5% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 20

Holders
122
Holders Change
-1
Holders Change %
-0.81%
% of All Funds
1.94%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
19
Increased
54
Reduced
31
Closed
20
Calls
$126K
Puts
$79K
Net Calls
+$47K
Net Calls Change
+$3.33M
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$201M +$15.3M +525,538 +9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$164M +$2.14M +73,712 +1%
BlackRock
3
BlackRock
New York
$115M -$9.22M -317,610 -8%
JP Morgan Chase
4
JP Morgan Chase
New York
$110M -$27M -930,757 -21%
T. Rowe Price Investment Management
5
T. Rowe Price Investment Management
Maryland
$98.6M -$13.8M -475,087 -13%
WA
6
Wasatch Advisors
Utah
$91.6M +$1.24M +42,738 +1%
FAM
7
Fred Alger Management
New York
$89.2M +$8.4M +289,383 +11%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$86.3M +$2.78M +95,883 +4%
AllianceBernstein
9
AllianceBernstein
Tennessee
$83.7M +$4.59M +158,268 +6%
Capital World Investors
10
Capital World Investors
California
$80.2M +$2.18M +75,075 +3%
Millennium Management
11
Millennium Management
New York
$76.6M +$32.2M +1,108,986 +84%
State Street
12
State Street
Massachusetts
$38.5M +$2.19M +75,580 +7%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$35.3M +$1.5M +51,787 +5%
Westfield Capital Management
14
Westfield Capital Management
Massachusetts
$28.8M +$1.2M +41,217 +5%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$24.4M +$10.7M +367,507 +91%
Loomis, Sayles & Company
16
Loomis, Sayles & Company
Massachusetts
$20.6M +$3.47M +119,575 +22%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$16.4M +$3.77M +129,822 +33%
Grantham, Mayo, Van Otterloo & Co (GMO)
18
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$16.4M +$10.2M +351,205 +210%
Charles Schwab
19
Charles Schwab
California
$16.3M +$1.31M +44,980 +10%
Northern Trust
20
Northern Trust
Illinois
$15.9M +$202K +6,956 +1%
Capital Research Global Investors
21
Capital Research Global Investors
California
$15.5M
N
22
Nuveen
North Carolina
$14.2M +$1.95M +67,182 +17%
William Blair Investment Management
23
William Blair Investment Management
Illinois
$13.1M +$12.1M +416,003 New
Renaissance Technologies
24
Renaissance Technologies
New York
$12.2M -$2.89M -99,694 -21%
PI
25
Putnam Investments
Massachusetts
$11M +$2.87M +99,041 +40%

STEP Hedge Fund Activity: Q3 2023 in Review

122 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q3 2023, worth a combined $1.62B — up 31% from $1.24B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of STEP and 19 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 54 added.

The largest buyer was Millennium Management, adding an estimated $32.2M. The largest seller was JP Morgan Chase, cutting an estimated $27M.

  • 122 institutional investors held StepStone Group (STEP) as of Q3 2023, down from 123 in Q2 2023.
  • Funds reported $1.62B of StepStone Group stock for Q3 2023, up 31% quarter-over-quarter.
  • 19 funds opened new StepStone Group positions in Q3 2023 and 20 closed out, a net change of -1 holder.
  • The largest StepStone Group buyer in Q3 2023 was Millennium Management, an estimated $32.2M added.
  • The largest StepStone Group seller in Q3 2023 was JP Morgan Chase, an estimated $27M sold.

Based on aggregated 13F filings for Q3 2023.