StepStone Group
STEP
141 hedge funds and large institutions have $1.95B invested in StepStone Group in 2024 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 50 increasing their positions, 42 reducing their positions, and 12 closing their positions.
133% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 12
19% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 42
17% more capital invested
Capital invested by funds: $1.67B → $1.95B (+$282M)
12% more funds holding
Funds holding: 126 → 141 (+15)
3.36% more ownership
Funds ownership: 81.96% → 85.32% (+3.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
92% less call options, than puts
Call options by funds: $4K | Put options by funds: $50K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.4M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$37.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$17.3M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$13.6M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$26.6M |
| 2 |
JP Morgan Chase
New York
|
-$19.6M |
| 3 |
Morgan Stanley
New York
|
-$18.8M |
| 4 |
MC
Maverick Capital
Dallas,
Texas
|
-$15.5M |
| 5 |
BlackRock
New York
|
-$3.56M |
STEP Hedge Fund Activity: Q1 2024 in Review
141 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q1 2024, worth a combined $1.95B — up 17% from $1.67B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new STEP positions and 12 closed out — a net gain of 16 holders — while 50 added to existing stakes and 42 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $40.4M. The largest seller was AllianceBernstein, cutting an estimated $26.6M.
- 141 institutional investors held StepStone Group (STEP) as of Q1 2024, up from 126 in Q4 2023.
- Funds reported $1.95B of StepStone Group stock for Q1 2024, up 17% quarter-over-quarter.
- 28 funds opened new StepStone Group positions in Q1 2024 and 12 closed out, a net change of +16 holders.
- The largest StepStone Group buyer in Q1 2024 was Fidelity Investments, an estimated $40.4M added.
- The largest StepStone Group seller in Q1 2024 was AllianceBernstein, an estimated $26.6M sold.
Based on aggregated 13F filings for Q1 2024.