Step Capital Management Pte.
SINGAPORE, U0files as Step Capital Management Pte. Ltd.
$325m in 21 US stocks at the end of 30 June 2026. The top 10 are 94.2% of the money. It changed about 34.4% of the portfolio this quarter.
Value
$325m
Stocks
21
Top 10 share
94.2%
Turnover
34.4%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- ModernaMRNA15.0% of the fund+8%
- EchoStarECHO4.1% of the fund+1200%
- OracleORCL1.7% of the fund+96%
- ComcastCMCSA1.3% of the fund+150%
- Vipshop HldgsVIPS1.0% of the fund+91%
Cut
Sold some of their stake.
- Micron TechnologyMU47.1% of the fund-17%
- IntelINTC8.6% of the fund-43%
- Advanced Micro DevicesAMD3.6% of the fund-90%
- CrocsCROX0.7% of the fund-35%
- Coinbase GlobalCOIN0.5% of the fund-89%
Sold out
Sold their entire stake.
- NvidiaNVDA-100%
- Ishares Bitcoin Trust ETFIBIT-100%
- AlphabetGOOG-100%
- DuolingoDUOL-100%
- Circle Internet GroupCRCL-100%
- DiageoDEO-100%
Holdings
- BilibiliBILI
- Share
- 5.2%
- Value
- $17m
- Shares
- 1,000,000
Held
- PDD HoldingsPDD
- Share
- 1.8%
- Value
- $6m
- Shares
- 75,000
Held
- Vipshop HldgsVIPS
- Share
- 1.0%
- Value
- $3m
- Shares
- 252,141
+91%
- XpengXPEV
- Share
- 0.4%
- Value
- $1m
- Shares
- 105,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Micron TechnologyMU | 47.1% | $153m | 132,500 | -17% |
| ModernaMRNA | 15.0% | $49m | 695,000 | +8% |
| IntelINTC | 8.6% | $28m | 200,000 | -43% |
| BroadcomAVGO | 5.8% | $19m | 50,000 | Held |
| BilibiliBILI | 5.2% | $17m | 1,000,000 | Held |
| EchoStarECHO | 4.1% | $13m | 130,000 | +1200% |
| Advanced Micro DevicesAMD | 3.6% | $12m | 20,000 | -90% |
| PDD HoldingsPDD | 1.8% | $6m | 75,000 | Held |
| OracleORCL | 1.7% | $6m | 38,200 | +96% |
| PayPal HoldingsPYPL | 1.4% | $5m | 105,000 | Held |
| ComcastCMCSA | 1.3% | $4m | 175,000 | +150% |
| Vipshop HldgsVIPS | 1.0% | $3m | 252,141 | +91% |
| CrocsCROX | 0.7% | $2m | 20,000 | -35% |
| MosaicMOS | 0.7% | $2m | 100,000 | Held |
| Coinbase GlobalCOIN | 0.5% | $1m | 10,000 | -89% |
| XpengXPEV | 0.4% | $1m | 105,000 | Held |
| DocusignDOCU | 0.4% | $1m | 30,000 | Held |
| Tempus AITEM | 0.4% | $1m | 20,000 | Held |
| Petrobras - Petroleo Brasileiro SAPBR | 0.3% | $878,400 | 60,000 | Held |
| TeslaTSLA | <0.1% | $220,815 | 525 | Held |
| BNB StandardBNC | <0.1% | $68,000 | 25,000 | Held |
Options (5)
- Micron Technology
- Type
- Call
- Value
- $92m
- Contracts
- 80,000
- Advanced Micro Devices
- Type
- Call
- Value
- $29m
- Contracts
- 50,000
- Intel
- Type
- Call
- Value
- $14m
- Contracts
- 100,000
- Rocket LAB
- Type
- Call
- Value
- $2m
- Contracts
- 20,000
- Marvell Technology
- Type
- Call
- Value
- $893,670
- Contracts
- 3,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Micron Technology | Call | $92m | 80,000 |
| Advanced Micro Devices | Call | $29m | 50,000 |
| Intel | Call | $14m | 100,000 |
| Rocket LAB | Call | $2m | 20,000 |
| Marvell Technology | Call | $893,670 | 3,000 |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 71.7% since 31 December 2025.
Where the money is
Technology67.6%
Health care15.0%
Media & telecom5.4%
Financial services1.8%
Retail & consumer0.8%
Materials0.7%
Energy0.3%
Everyday goods0.0%
Other8.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.