StepStone Group
STEP
257 hedge funds and large institutions have $4.83B invested in StepStone Group in 2025 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 112 increasing their positions, 63 reducing their positions, and 44 closing their positions.
78% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 63
22% more capital invested
Capital invested by funds: $3.95B → $4.83B (+$878M)
1.4% more ownership
Funds ownership: 92.75% → 94.15% (+1.4%)
4% less funds holding
Funds holding: 268 → 257 (-11)
20% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 44
100% less call options, than puts
Call options by funds: $7K | Put options by funds: $2.17M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$138M |
| 2 |
BlackRock
New York
|
+$50.5M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
+$47.5M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$34.9M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$29.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$102M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$36.6M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$33.2M |
| 4 |
Millennium Management
New York
|
-$30.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$23.4M |
STEP Hedge Fund Activity: Q3 2025 in Review
257 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in StepStone Group (STEP) for Q3 2025, worth a combined $4.83B — up 22% from $3.95B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of STEP and 35 opened new positions — a net loss of 9 holders — while 63 trimmed existing stakes and 112 added.
The largest buyer was Wellington Management Group, adding an estimated $138M. The largest seller was T. Rowe Price Associates, cutting an estimated $102M.
- 257 institutional investors held StepStone Group (STEP) as of Q3 2025, down from 268 in Q2 2025.
- Funds reported $4.83B of StepStone Group stock for Q3 2025, up 22% quarter-over-quarter.
- 35 funds opened new StepStone Group positions in Q3 2025 and 44 closed out, a net change of -9 holders.
- The largest StepStone Group buyer in Q3 2025 was Wellington Management Group, an estimated $138M added.
- The largest StepStone Group seller in Q3 2025 was T. Rowe Price Associates, an estimated $102M sold.
Based on aggregated 13F filings for Q3 2025.