What is the 13F Pro Quality Score for STEP?

13F Pro ranks StepStone Group Inc. (STEP) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View STEP's current score at https://13fpro.ai/research/STEP (free sign-up required for the full ranking).

Which hedge funds own the most STEP stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of STEP include BlackRock,, MILLENNIUM MANAGEMENT, Pitcairn Wealth Advisors. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/STEP as soon as new 13F filings post.

Where does 13F Pro source STEP data?

All StepStone Group Inc. fundamentals and ownership data come directly from SEC EDGAR. StepStone Group Inc. files with the SEC under CIK 1796022. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is STEP in?

StepStone Group Inc. (STEP) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is STEP research updated on 13F Pro?

STEP's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

StepStone Group Inc.(STEP)Stock Analysis

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13F Pro Quality Score

47.0/100

Rank #1,624 of 2,879 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

93.0/100

Profitability

11.0/100

Balance Sheet

16.8/100

Earnings Quality

30.0/100

Free Cash Flow

55.0/100

Institutional Flow

94.5/100

Revenue Scale

60.2/100

Dilution Risk

3.6/100

STEP Stock Analysis & AI Quality Score

AI stock analysis and institutional research for StepStone Group Inc. (STEP), a Financials sector company. 13F Pro's AI-powered ranking engine scores STEP at 47.0/100 on a 32-signal composite quality model, placing it at rank #1,624 of 2,879 stocks — the bottom half of the AI-ranked universe. STEP scores in the top quartile across institutional flow (94.5), revenue growth (93.0). Areas of concern include profitability (11.0) and balance sheet strength (16.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 3.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q4 2026), StepStone Group Inc. reports quarterly revenue of $588.6M, net income of $-7.8M, free cash flow of $-24.0M. Top institutional holders of STEP by reported 13-F value include BlackRock,, MILLENNIUM MANAGEMENT, Pitcairn Wealth Advisors, based on the most recent SEC filings. STEP trades on the Nasdaq exchange and files with the SEC under CIK 1796022. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate STEP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for StepStone Group Inc. directly from SEC EDGAR. StepStone Group Inc.'s 13F Pro composite quality score has ranged between 8 and 88 since 2021, currently 47.0 — a declining long-term trajectory across 51 quarterly and live scoring snapshots.

✦

Fun facts about StepStone Group Inc.

Quirks, history, and lore behind STEP — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · mid-cap · listed on Nasdaq · headquartered in Southern California.
2
The Numbers
It manages roughly $150 billion or more in assets across private markets, earning fees that flow from institutional and high-net-worth clients worldwide.
3
The History
Founded in the late 1990s, it grew by aggregating and distributing private market fund investments — think private equity, private credit, and real assets — before going public on Nasdaq.
4
The Secret
Its business model is less about picking winners itself and more about being the global matchmaker between private fund managers and the investors who want in.
5
The Lore
It operates a vast secondary market platform — buying and selling existing private fund stakes — which lets investors get liquidity in a world famously allergic to liquidity.
6
The Giveaway
Its name evokes a staircase to private markets, its ticker is four letters that sound like a dance move, and its logo practically screams alternative investments for the masses.

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Revenue

Q4 2026

$588.6M

Net Income

Q4 2026

$-7.8M

Free Cash Flow

Q4 2026

$-24.0M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+69.7% YoY

$1.99BFY 2026

FY21 $787.7MFY23 $-67.6MFY25 $1.17BFY26 $1.99B

Net Income

-198.4% YoY

$-535.8MFY 2026

FY21 $62.6MFY23 $-18.4MFY25 $-179.6MFY26 $-535.8M

EPS (Diluted)

-169.0% YoY

$-6.78FY 2026

FY21 $2.06FY23 $-0.30FY25 $-2.52FY26 $-6.78

Total Assets

+47.4% YoY

$6.76BFY 2026

FY21 $1.32BFY23 $3.50BFY25 $4.59BFY26 $6.76B

Total Debt

—FY 2026

FY21 $0.00FY23 $98.4MFY25 $269.3MFY26 —

Op. Cash Flow

+2.4% YoY

$66.5MFY 2026

FY21 $149.3MFY23 $151.2MFY25 $64.9MFY26 $66.5M

Metric	FY 2026	FY 2025	FY 2023	FY 2021	FY 2020	FY 2019
Revenue	$1.99B +69.7%	$1.17B +1838.6%	$-67.6M -108.6%	$787.7M +76.4%	$446.6M +74.3%	$256.3M
Net Income	$-535.8M -198.4%	$-179.6M -876.0%	$-18.4M -129.4%	$62.6M	$0.00	$0.00
EPS (Diluted)	$-6.78 -169.0%	$-2.52 -740.0%	$-0.30 -114.6%	$2.06	—	—
Total Assets	$6.76B +47.4%	$4.59B +31.1%	$3.50B +164.8%	$1.32B +94.0%	$680.8M	—
Total Debt	—	$269.3M +173.8%	$98.4M	$0.00 -100.0%	$143.1M	—
Operating Cash Flow	$66.5M +2.4%	$64.9M -57.1%	$151.2M +1.3%	$149.3M +126.5%	$65.9M +28.1%	$51.5M

AI Insight: STEP Financial Trends

Revenue grew 216% from Q2 2024 to Q1 2026, but persistent net losses and collapsing equity signal balance-sheet distress despite operational cash generation.

• Revenue surged from $186M (Q2 2024) to $589M (Q1 2026), a 216% increase over eight quarters.

• Shareholder equity deteriorated from $367M (Q2 2024) to negative $414M (Q1 2026), a $781M swing.

• Net losses accumulated across recent quarters: Q3 2025 ($366M), Q4 2025 ($123M), Q2 2025 ($38M).

⚠ Operating cash flow volatile: $50M (Q2 2024) to negative $67M (Q1 2025) and negative $23M (Q1 2026).

⚠ Total debt stable at $270M while equity turned deeply negative; leverage ratio unsustainable.

⚠ Q1 2026 loss narrowed to $8M from $123M in Q4 2025, suggesting potential stabilization inflection.

AI Insight: STEP Ratio Trends

StepStone collapsed into losses across 2025, with OpMargin plunging from +29.4% in Q2 2024 to -0.1% in Q1 2026, though latest quarter shows stabilization near breakeven.

• Operating margin deteriorated sharply: +29.4% (Q2 2024) → -148.8% (Q3 2025), but recovered to -0.1% in Q1 2026.

• Net profit margin swung from +7.1% (Q2 2024) to -80.6% (Q3 2025), showing severe earnings compression across 2025.

• Leverage spiked: D/E ratio doubled from 0.47 (Q2 2024) to 1.75 (Q2 2025) before data gaps emerged.

⚠ Q1 2026 margins near zero (-0.1% OpMargin, -1.3% NPM) signal recovery stalling—watch for sustained profitability in Q2 2026.

⚠ ROE and ROA remain deeply negative (TTM: -7.9% ROA, ROE missing); capital efficiency collapse unresolved.

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Available Research

13F Pro tracks comprehensive data for StepStone Group Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of STEP

BlackRock, Inc.
$564.4M11,827,188 sh
MILLENNIUM MANAGEMENT LLC
$342.3M7,173,424 sh
Pitcairn Wealth Advisors LLC
$259.3M4,040,795 sh
WELLINGTON MANAGEMENT GROUP LLP
$250.1M5,240,073 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$214.0M4,484,935 sh
VANGUARD CAPITAL MANAGEMENT LLC
$168.3M3,525,956 sh
Capital World Investors
$156.1M3,271,525 sh
STATE STREET CORP
$136.9M2,869,762 sh
CITADEL ADVISORS LLC
$93.8M1,964,827 sh
GEODE CAPITAL MANAGEMENT, LLC
$93.1M1,951,359 sh

Fund	Value	Shares
BlackRock, Inc.	$564.4M	11,827,188
MILLENNIUM MANAGEMENT LLC	$342.3M	7,173,424
Pitcairn Wealth Advisors LLC	$259.3M	4,040,795
WELLINGTON MANAGEMENT GROUP LLP	$250.1M	5,240,073
VANGUARD PORTFOLIO MANAGEMENT LLC	$214.0M	4,484,935
VANGUARD CAPITAL MANAGEMENT LLC	$168.3M	3,525,956
Capital World Investors	$156.1M	3,271,525
STATE STREET CORP	$136.9M	2,869,762
CITADEL ADVISORS LLC	$93.8M	1,964,827
GEODE CAPITAL MANAGEMENT, LLC	$93.1M	1,951,359

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Is STEP a good stock to buy?

13F Pro's AI-powered analysis of StepStone Group Inc. (STEP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for STEP are available on the STEP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own STEP?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling STEP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of StepStone Group Inc.'s investment landscape.