Stepstone Group LP is an SEC-registered investment adviser based in La Jolla, CA that reports managing 1 hedge fund on Form ADV. It reports $107.8 billion in regulatory assets under management. Its private funds, of all types, hold $123.3 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated -26.7% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated -9.9% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $107.8 billionForm ADV Item 5.F
- Gross assets of private funds
- $123.3 billionAll private fund types, Form ADV
- Hedge funds managed
- 1409 private funds in total
- Employees
- 978Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 143635
- Latest Form ADV
- 07/30/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +19.4% | +14.8% |
| Q1 2026 | -38.6% | -4.6% |
| Q4 2025 | -6.7% | +2.4% |
| Q3 2025 | +0.0% | +7.8% |
| Q2 2025 | +4.8% | +10.4% |
| Q1 2025 | -12.4% | -4.5% |
| Q4 2024 | +27.5% | +2.1% |
| Q3 2024 | +12.5% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- 84615q103$1.9 billion
- Stubhub Holdings Inc CL A$97.3 million
- 15675d103$75.2 million
- 98390r102$41.4 million
- 87821b109$16.4 million
- Onkure Therapeutics Inc$12.1 million
- Karman Hldgs Inc$12.0 million
- Kodiak Ai Inc.$7.2 million
- Entrada Therapeutics Inc$5.6 million
- 282564103$5.2 million
As of 2026-06-30, from 13F filing by StepStone Group LP.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures