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STEP in the 13F filings

Stepstone Group Inc · CUSIP 85914M107

Sector · Other financial servicesTheme · Financial services· L3VLUP-defined
Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
24
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
30,477,000
combined, among listed positions
Reported value
$2.0bn
combined, at the quarter end

Among the 92 comparable managers: 15 buyers (opened or added shares) and 9 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,592,943.

Managers listing STEP in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

24 of 24 holders

ActionFiling
Wellington Management Group LLP6,227,753$400m0.07%Added+504,68017 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc5,102,666$327munder 0.1%Added+724,20117 Feb 2026 (the filing on sec.gov)
Millennium Management LLC4,456,150$286m0.12%Added+561,17617 Feb 2026 (the filing on sec.gov)
Invesco Ltd4,006,305$257munder 0.1%Trimmed-132,67419 Feb 2026 (the filing on sec.gov)
Capital World Investors3,056,795$196munder 0.1%Added+94,81911 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,599,158$103munder 0.1%Added+89,73817 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP1,172,511$75munder 0.1%Trimmed-45,34917 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,030,785$66munder 0.1%Trimmed-801,51517 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors794,883$51munder 0.1%Held011 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC617,247$40m0.05%Added+233,75917 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP549,229$35m0.07%Added+529,32717 Feb 2026 (the filing on sec.gov)
MFS Investment Management461,037$30munder 0.1%Trimmed-506,76322 Jan 2026 (the filing on sec.gov)
Neuberger Berman Group LLC404,667$26munder 0.1%Added+13,38227 Oct 2026 (the filing on sec.gov)
Voloridge Investment Management LLC370,239$24m0.08%Added+74,74517 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC184,261$12m0.05%Added+139,23517 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP159,794$10munder 0.1%Added+2,93913 Feb 2026 (the filing on sec.gov)
Woodline Partners LP150,870$9.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
PDT Partners LLC50,422$3.2m0.21%Trimmed-3,50717 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd29,998$1.9munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC20,255$1.3munder 0.1%Added+1,70717 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP14,431$926kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP7,433$477kunder 0.1%Added+3,68717 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC5,800$372kunder 0.1%Trimmed-3,40813 Feb 2026 (the filing on sec.gov)
Winton Group Ltd4,311$277kunder 0.1%Trimmed-21,25911 Feb 2026 (the filing on sec.gov)

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (2)

Exited (2)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
8 in Q3 2024 to 10 in Q2 2026

Tracked managers listing it, at least.

051015202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
STEP by quarter
QuarterHoldersReported valueBuyersSellers
Q3 20203$31mn.a.n.a.
Q4 20202$40mn.a.n.a.
Q1 20212$65mn.a.n.a.
Q2 20213$65mn.a.n.a.
Q3 20213$81mn.a.n.a.
Q4 20215$194mn.a.n.a.
Q1 20223$163mn.a.n.a.
Q2 20223$155mn.a.n.a.
Q3 20225$268mn.a.n.a.
Q4 20225$290mn.a.n.a.
Q1 20234$227mn.a.n.a.
Q2 20233$218mn.a.n.a.
Q3 20236$467mn.a.n.a.
Q4 20236$507m41
Q1 20246$514m31
Q2 20248$686m52
Q3 20248$891m44
Q4 20248$825m34
Q1 202510$953m62
Q2 202510$1.1bn82
Q3 202511$1.3bn82
Q4 202513$1.5bn159
Q1 20269$1.1bn1612
Q2 202610$916m1715

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

STEP and V →STEP and AXP →STEP and BAC →Choose a stock to compare with STEP →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own STEP, latest filings →Back to the 13F Explorer →