STEP
StepStone Group Inc. · Financial Services · Asset Management
Momentum inputs (comparable managers):
holder breadth -6.7% ·
share flow +1.5% ·
net new positions -14.3%
— formula
Concentrated accumulation — rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 103 | +5 | 60.59M | $2.50B | +10 | −6 |
| Q1 2026 | 102 | +2 | 61.69M | $2.94B | +11 | −9 |
| Q4 2025 | 99 | +1 | 66.64M | $4.28B | +1 | — |
| Q3 2025 | 14 | -1 | 46.39M | $3.03B | — | −2 |
| Q2 2025 | 13 | -1 | 42.14M | $2.34B | +1 | −2 |
| Q1 2025 | 11 | 0 | 20.82M | $1.09B | +1 | −1 |
| Q4 2024 | 11 | +2 | 17.40M | $1.01B | +2 | — |
| Q3 2024 | 8 | -1 | 16.10M | $915.12M | — | −1 |
| Q2 2024 | 9 | — | 14.89M | $683.54M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 10.27M | +8.8% | $670.84M | 0.0% | ▲ Add | 2 | SEC ↗ ×14 |
| 2 | The Vanguard Group ✦ (passive) | 7.72M | +4.0% | $504.29M | 0.0% | ▲ Add | 2 | SEC ↗ ×5 |
| 3 | Wellington Management ✦ | 5.72M | +65.2% | $373.77M | 0.1% | ▲ Add | 6 | SEC ↗ ×4 |
| 4 | T. Rowe Price ✦ | 4.38M | -27.7% | $285.96M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 5 | Millennium Management ✦ | 3.89M | -11.4% | $254.38M | 0.2% | ▼ Trim | 6 | SEC ↗ |
| 6 | Capital World Investors ✦ | 2.96M | +3.6% | $193.45M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 7 | State Street Global Advisors ✦ (passive) | 2.76M | +8.7% | $180.05M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 8 | JPMorgan Chase ✦ | 2.75M | — | $179.70M | 0.0% | n/c | 1 | SEC ↗ ×8 |
| 9 | Fidelity (FMR) ✦ | 1.83M | -24.7% | $119.67M | 0.0% | ▼ Trim | 2 | SEC ↗ ×4 |
| 10 | Geode Capital Management ✦ (passive) | 1.72M | +8.8% | $112.61M | 0.0% | ▲ Add | 6 | SEC ↗ ×2 |
| 11 | Citadel Advisors ✦ | 1.51M | -20.3% | $98.58M | 0.1% | ▼ Trim | 6 | SEC ↗ |
| 12 | Morgan Stanley ✦ | 544.22K | — | $35.54M | 0.0% | n/c | 1 | SEC ↗ ×8 |
| 13 | Goldman Sachs Group ✦ | 302.89K | — | $19.78M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 14 | AQR Capital Management ✦ | 18.55K | +16.7% | $1.21M | 0.0% | ▲ Add | 6 | SEC ↗ ×4 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Norges Bank | $757,908 | was 0.0% |
| Point72 Asset Management | $666,000 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 262 holders, 80.54M shares, $3.66B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.