Stepstone Group Inc-class A (STEP) — Institutional Investor Activity (Q2 2026)

STEP ranks #2305 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

STEP is a disclosed holding of Israel Englander (Millennium Management), one of the tracked superinvestors on AlphaSMO — it makes up 0.1% of that fund's own 13F portfolio.

274 institutions disclose a position in STEP, but none treat it as a major bet — even Engle Capital Management, L.P., its most concentrated holder, allocates just 3.4% of its own portfolio to it.

Goldman Sachs Group Inc has added to its STEP position for two straight quarters, increasing it by $46.0M to reach $59.1M today.

Invesco Ltd. has trimmed its STEP position for two straight quarters, cutting it by $247.4M while still holding $9.6M.

STEP is up 0% today, and institutions have been net buyers of $297.3M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

STEP reported a net loss of $613.2M over the trailing twelve months.

• Not yet profitable — net loss of $613.2M over the trailing twelve months
• Revenue grew 48.5% year over year
• Net income declined year over year, from -$231.3M to -$613.2M
• Generated $66.5M in positive operating cash flow
• Total liabilities currently exceed total assets (negative shareholder equity)