StepStone Group
STEP
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.
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: 1 → 1 (0)
1% less funds holding
Funds holding: 123 → 122 (-1)
5% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$32.2M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$15.3M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$12.1M |
| 4 |
Bank of New York Mellon
New York
|
+$10.7M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$27M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$13.8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$9.3M |
| 4 |
BlackRock
New York
|
-$9.22M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$5.53M |
STEP Hedge Fund Activity: Q3 2023 in Review
122 of the 6,310 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.