StepStone Group Inc.

STEP • NASDAQ

StepStone Group Inc. is a asset management company in the financial services sector on NASDAQ, led by Scott Hart, with a market cap of $5.1B. As of Q3 2025, 94% of shares are held by 248 institutional investors, with BlackRock, Inc. as the largest holder at 13.08%.

Chief Executive OfficerScott Hart

Market Cap$5.1B

Asset Management

Financial Services

Employees990.0

Websitestepstonegroup.com

Country

United States of America

Overview

Overview of institutional ownership in STEP as of Q3 2025 with a market cap of $5.1B

All Institutions

Institutions: 248
Value Held: $4.8B
Shares Held: 73.9M
Avg Position: $19.5M
Median Position: $940.9K

Hedge Funds

Hedge Funds: 24
Value Held: $441.4M
Shares Held: 6.8M
Avg Position: $18.4M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

85.5%

$4.4B

Hedge Funds

8.6%

$441.4M

Retail & Other

5.9%

$302.6M

Based on market cap of $5.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in STEP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$670.8M 0.01% of portfolio	13.08% 10.3M shares	Q3 2020 Held for 5y 2m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$504.3M 0.01% of portfolio	9.83% 7.7M shares	Q3 2020 Held for 5y 2m	$6.69T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$373.8M 0.07% of portfolio	7.29% 5.7M shares	Q3 2020 Held for 5y 2m	$571.21B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$286.0M 0.03% of portfolio	5.57% 4.4M shares	Q3 2020 Held for 5y 2m	$912.31B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$270.3M 0.04% of portfolio	5.27% 4.1M shares	Q3 2020 Held for 5y 2m	$633.08B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$254.4M 0.21% of portfolio	4.96% 3.9M shares	Q3 2020 Held for 5y 2m	$121.98B
C Capital World Investors Institution	-	$193.4M 0.03% of portfolio	3.77% 3.0M shares	Q3 2020 Held for 5y 2m	$730.00B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$180.0M 0.01% of portfolio	3.51% 2.8M shares	Q4 2020 Held for 4y 11m	$2.88T
FMR LLC Institution	-	$119.7M 0.01% of portfolio	2.33% 1.8M shares	Q3 2020 Held for 5y 2m	$1.92T
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$116.8M 0.07% of portfolio	2.28% 1.8M shares	Q3 2022 Held for 3y 2m	$161.58B

Net Capital Flow

Institutional buying and selling activity for STEP in Q3 2025

Traded: +$197.6M
Buyers: 144
Sellers: 104
Total Bought: +$570.6M
Total Sold: −$372.9M
Avg Position: $16.5M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$147.5M +2.3M shares	$373.8M 5.7M shares
B BlackRock, Inc. Institution	+$54.0M +827.1K shares	$670.8M 10.3M shares
WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager	+$50.9M +778.7K shares	$50.9M 778.7K shares
AMERIPRISE FINANCIAL INC Institution	+$37.3M +571.6K shares	$49.0M 749.8K shares
UBS Group AG Institution	+$31.6M +483.8K shares	$39.5M 604.5K shares
BAMCO INC /NY/ Long Only Manager	+$29.9M +457.8K shares	$39.1M 598.3K shares
VANGUARD GROUP INC Institution	+$19.4M +296.4K shares	$504.3M 7.7M shares
GRANAHAN INVESTMENT MANAGEMENT INC/MA Long Only Manager	+$15.9M +243.5K shares	$24.9M 381.5K shares
STATE STREET CORP Institution	+$14.4M +220.4K shares	$180.0M 2.8M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$12.5M +191.9K shares	$13.3M 203.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$109.7M −1.7M shares	$286.0M 4.4M shares
FMR LLC Institution	−$39.2M −600.2K shares	$119.7M 1.8M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$35.5M −543.9K shares	$116.8M 1.8M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$32.8M −503.0K shares	$254.4M 3.9M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$25.0M −383.4K shares	$98.6M 1.5M shares
GOLDMAN SACHS GROUP INC Institution	−$16.3M −249.6K shares	$19.8M 302.9K shares
Holocene Advisors, LP Hedge Fund•Long/Short	−$10.6M −162.1K shares	$1.3M 19.9K shares
JPMORGAN CHASE & CO Institution	−$7.4M −112.6K shares	$89.8M 1.4M shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	−$7.3M −131.9K shares	Sold Off 0 shares
C Cubist Systematic Strategies, LLC Institution	−$7.2M −129.9K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited STEP in Q3 2025

New Positions: 22
New Value: $15.7M
Exited Positions: 42
Exited Value: $40.0M

New Positions

Institution	Position Value
C Capitolis Liquid Global Markets LLC Private Equity	$6.8M 104.0K shares
TRILLIUM ASSET MANAGEMENT CORP Long Only Manager	$5.4M 82.0K shares
D DRW Securities, LLC Institution	$539.3K 8.2K shares
JACKSON SQUARE CAPITAL, LLC RIA/Wealth	$488.9K 7.5K shares
I IBEX WEALTH ADVISORS RIA/Wealth	$448.6K 6.9K shares
C CI Private Wealth, LLC RIA/Wealth	$435.8K 6.7K shares
Atom Investors LP Hedge Fund•Market Neutral	$361.2K 5.5K shares
I INCEPTIONR LLC Hedge Fund•Quant	$360.8K 5.5K shares
Federation des caisses Desjardins du Quebec Fund of Funds	$291.6K 4.5K shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	$220.7K 3.4K shares

Exited Positions

Institution	Previous Position
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$7.3M 131.9K shares
C Cubist Systematic Strategies, LLC Institution	$7.2M 129.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.9M 87.9K shares
Engineers Gate Manager LP Hedge Fund•Quant	$3.5M 62.4K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$2.2M 38.9K shares
H HRT FINANCIAL LLC Institution	$1.9M 33.6K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$1.8M 32.9K shares
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant	$1.2M 21.3K shares
D Dynamic Technology Lab Private Ltd Institution	$1.2M 21.0K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$835.2K 15.0K shares

Options Activity

Institutions with the largest Call and Put options positions in STEP as of Q3 2025

Call Positions: 3
Call Value: -
Put Positions: 2
Put Value: $2.1M

Call Positions

Institution	Position Value
P PEAK6 LLC Institution	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.0M 300.0 contracts
Walleye Trading LLC RIA/Wealth	$189.4K 29.0 contracts

Most Committed Institutions

Institutions with STEP as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
MEKETA INVESTMENT GROUP INC /ADV Fund of Funds	Peter Scott Woolley CEO	3.08% $938.0K	0.02% 14.4K shares	Q4 2024 Held for 11 months	$30.5M
E Engle Capital Management, L.P. Hedge Fund•Long/Short	Jeffrey Mark Helman Managing Partner	2.93% $8.3M	0.16% 127.0K shares	Q3 2025 Held for 2 months	$283.5M
GRANAHAN INVESTMENT MANAGEMENT INC/MA Long Only Manager	Jane Moran White CEO	1.02% $24.9M	0.49% 381.5K shares	Q3 2024 Held for 1y 2m	$2.4B
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	Gil Maor Managing Partner	0.75% $612.5K	0.01% 9.4K shares	Q4 2024 Held for 11 months	$81.9M
WASATCH ADVISORS INC Long Only Manager	Michael Kenneth Yeates CEO	0.40% $74.0M	1.44% 1.1M shares	Q4 2020 Held for 4y 11m	$18.6B
Keebeck Wealth Management, LLC RIA/Wealth	Bruce Keebeck Lee CEO	0.25% $2.1M	0.04% 31.9K shares	Q1 2023 Held for 2y 8m	$841.8M
P Prana Capital Management, LP Hedge Fund•Long/Short	Rajeev Naresh Rewari Partner	0.24% $7.3M	0.14% 111.1K shares	Q1 2025 Held for 8 months	$3.0B
SEGALL BRYANT & HAMILL Long Only Manager	Carolyn B Goldhaber President	0.22% $16.8M	0.33% 257.4K shares	Q1 2021 Held for 4y 8m	$7.5B
PDT Partners, LLC Hedge Fund•Quant	Peter (Nmn) Muller CEO	0.22% $3.5M	0.07% 53.9K shares	Q2 2024 Held for 1y 5m	$1.6B
F FRED ALGER MANAGEMENT INC Long Only Manager	Daniel Cayley Chung CEO	0.22% $56.2M	1.10% 860.4K shares	Q3 2020 Held for 5y 2m	$25.8B

Hedge Fund Spotlight

Discover hedge funds investing in STEP

AIGEN INVESTMENT MANAGEMENT, LP

Hedge Fund • Long/Short

Portfolio ManagerJuhua Zhu

Portfolio Value: $646.1M
Positions: 764
Last Reported: Q3 2025

Sector Allocation

Position in StepStone Group Inc.

Market Value: $411.1K
Shares Held: 6.3K
Portfolio Weight: 0.06%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$7.1M	1.10%
2 Honeywell International HON	Conglomerates Industrials	$7.1M	1.10%
3 Boston Scientific BSX	Medical - Devices Healthcare	$6.7M	1.04%