- 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
24 of 24 holders
Largest increases and reductions, by shares
Increases
- T. Rowe Price Associates Incexisting position · 5,102,666 shares now+724,201
- Millennium Management LLCexisting position · 4,456,150 shares now+561,176
- Holocene Advisors LPexisting position · 549,229 shares now+529,327
- Wellington Management Group LLPexisting position · 6,227,753 shares now+504,680
- Balyasny Asset Management LLCexisting position · 617,247 shares now+233,759
Reductions
- Fidelity (FMR LLC)existing position · 1,030,785 shares now-801,515
- MFS Investment Managementexisting position · 461,037 shares now-506,763
- Invesco Ltdexisting position · 4,006,305 shares now-132,674
- AllianceBernstein LPexisting position · 1,172,511 shares now-45,349
- Winton Group Ltdexisting position · 4,311 shares now-21,259
New positions and exits
New (2)
Exited (2)
- Quantbot Technologies LPwas $1.3m
- Jane Street Group LLCwas $741k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q3 2020 | 3 | $31m | n.a. | n.a. |
| Q4 2020 | 2 | $40m | n.a. | n.a. |
| Q1 2021 | 2 | $65m | n.a. | n.a. |
| Q2 2021 | 3 | $65m | n.a. | n.a. |
| Q3 2021 | 3 | $81m | n.a. | n.a. |
| Q4 2021 | 5 | $194m | n.a. | n.a. |
| Q1 2022 | 3 | $163m | n.a. | n.a. |
| Q2 2022 | 3 | $155m | n.a. | n.a. |
| Q3 2022 | 5 | $268m | n.a. | n.a. |
| Q4 2022 | 5 | $290m | n.a. | n.a. |
| Q1 2023 | 4 | $227m | n.a. | n.a. |
| Q2 2023 | 3 | $218m | n.a. | n.a. |
| Q3 2023 | 6 | $467m | n.a. | n.a. |
| Q4 2023 | 6 | $507m | 4 | 1 |
| Q1 2024 | 6 | $514m | 3 | 1 |
| Q2 2024 | 8 | $686m | 5 | 2 |
| Q3 2024 | 8 | $891m | 4 | 4 |
| Q4 2024 | 8 | $825m | 3 | 4 |
| Q1 2025 | 10 | $953m | 6 | 2 |
| Q2 2025 | 10 | $1.1bn | 8 | 2 |
| Q3 2025 | 11 | $1.3bn | 8 | 2 |
| Q4 2025 | 13 | $1.5bn | 15 | 9 |
| Q1 2026 | 9 | $1.1bn | 16 | 12 |
| Q2 2026 | 10 | $916m | 17 | 15 |
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 →