Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

STEPSTONE GROUP INC (STEP)

246 + Investors. Track Smart Money conviction in STEP. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
1Q ▲
Buyers last Q
58%

Smart Money Signals — STEP

Based on 258 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added STEP than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
258 hedge funds hold STEP right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+11 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

149 buying106 selling
Last quarter: 149 funds bought or added vs 106 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter
Funds opening a new STEP position: 36 → 57 → 32 → 43. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

41% of holders stayed for 2+ years

■ 41% conviction (2yr+) ■ 38% medium ■ 21% new
107 out of 258 hedge funds have held STEP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

61 → 36 → 57 → 32 → 43 new funds/Q
New funds entering each quarter: 36 → 57 → 32 → 43. STEP is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 48% of holders stayed 2+ years

■ 48% veterans ■ 22% 1-2yr ■ 30% new
Of 259 current holders: 125 (48%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 61% AUM from top-100 funds

61% from top-100 AUM funds
54 of 258 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in STEP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — STEP

In 2025 Q4, 149 hedge funds were net buyers of STEP (43 opened a new position, 106 added to an existing one), while 106 reduced or exited (75 trimmed, 31 sold completely) — a 58% buyer ratio, indicating a slight buying edge. 61% of total institutional value in STEP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +12 funds (more new holders than closures). Total institutional holders: 258.

Hedge Fund Ownership: STEP

How many hedge funds hold STEP — quarterly history vs. share price
Quarterly hedge fund ownership of STEP vs. share price

Market Analysis: STEP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: STEP

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

50 top-rated funds 2 high-conviction
Consensus
7.4
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: STEP
2026 Q1 Stats Unlock in 3 days 246 + Investors

Track Smart Money conviction in STEP. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 246 233 5.58%
13F Shares 79M 74M 6.62%
Total Value $4.72B $4.53B 4.17%
New Positions 43 31 +12
Increased Positions 101 109 -8
Closed Positions 30 45 -15
Reduced Positions 74 60 +14
Total Calls 0 0 -
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: STEP

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

246 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in STEP. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of STEP — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pitcairn Wealth Advisors LLC 23.87% 4,040,795 $259.3M
2 Inherent Management Corp. 5.67% 233,729 $11.2M
3 Engle Capital Management, L.P. 3.86% 237,216 $11.3M
4 Junto Capital Management LP 0.86% 855,722 $40.8M
5 EverSource Wealth Advisors, LLC 0.80% 70,817 $26.1M
6 SAMLYN CAPITAL, LLC 0.73% 895,445 $42.7M
7 Granahan Investment Management, LLC 0.49% 211,626 $10.1M
8 TimesSquare Capital Management, LLC 0.32% 390,800 $19K
9 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.30% 1,914,477 $91.4M
10 WASATCH ADVISORS LP 0.29% 921,720 $44.0M
11 WESTFIELD CAPITAL MANAGEMENT CO LP 0.24% 1,177,971 $56.2M
12 Delta Global Management LP 0.21% 54,000 $2.6M
13 SEGALL BRYANT & HAMILL, LLC 0.19% 260,823 $11.9M
14 nVerses Capital, LLC 0.19% 4,343 $207K
15 Keebeck Wealth Management 0.16% 29,048 $1.4M
16 MILLENNIUM MANAGEMENT LLC 0.14% 7,173,424 $342.3M
17 ADVENT INTERNATIONAL, L.P. 0.14% 120,135 $5.7M
18 BAMCO INC /NY/ 0.12% 830,574 $39.6M
19 Fieldview Capital Management, LLC 0.11% 8,013 $382K
20 TRILLIUM ASSET MANAGEMENT, LLC 0.11% 62,133 $3.2M
21 FRED ALGER MANAGEMENT, LLC 0.11% 512,242 $24.4M
22 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% 1,323,243 $63.1M
23 Prana Capital Management, LP 0.10% 66,503 $3.2M
24 FOX RUN MANAGEMENT, L.L.C. 0.09% 11,630 $541K
25 BALYASNY ASSET MANAGEMENT L.P. 0.09% 1,425,899 $68.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — STEPSTONE GROUP INC (STEP)

What does the Smart Money Trend signal show for STEP?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added STEP than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for STEP?

Slight buying edge — 58% buying: Last quarter: 149 funds bought or added vs 106 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for STEP holders?

Elite ownership — 61% AUM from top-100 funds: 54 of 258 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in STEP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held STEP?

41% of holders stayed for 2+ years: 107 out of 258 hedge funds have held STEP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.