StepStone Group LP
La Jolla, CA
$2.2bn in 23 US stocks at the end of 30 June 2026. The top 10 are 99.2% of the money. It changed about 91.1% of the portfolio this quarter.
Value
$2.2bn
Stocks
23
Top 10 share
99.2%
Turnover
91.1%
What changed this quarter
New
Bought for the first time this quarter.
- Space Exploration TechnologiesSPCX86.6% of the fund
- Cerebras SystemsCBRS3.5% of the fund
- TeamsharesTMS0.8% of the fund
- Klarna GroupKLAR0.1% of the fund
- DatadogDDOG<0.1% of the fund
- CrowdStrike HoldingsCRWD<0.1% of the fund
- Circle Internet GroupCRCL<0.1% of the fund
- Robinhood MarketsHOOD<0.1% of the fund
- RubrikRBRK<0.1% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- Karman HoldingsKRMN0.6% of the fund-72%
- NavanNAVN<0.1% of the fund-88%
Sold out
Sold their entire stake.
- UiPathPATH-100%
- DraftKingsDKNG-100%
- MongoDBMDB-100%
- ServiceNowNOW-100%
Holdings
- Space Exploration TechnologiesSPCX
- Share
- 86.6%
- Value
- $1.9bn
- Shares
- 10,940,730
New
- Cerebras SystemsCBRS
- Share
- 3.5%
- Value
- $75m
- Shares
- 340,321
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Space Exploration TechnologiesSPCX | 86.6% | $1.9bn | 10,940,730 | New |
| StubHub HoldingsSTUB | 4.5% | $97m | 7,562,225 | Held |
| Cerebras SystemsCBRS | 3.5% | $75m | 340,321 | New |
| Xanadu Quantum TechnologiesXNDU | 1.9% | $41m | 3,417,854 | Held |
| TeamsharesTMS | 0.8% | $16m | 1,999,971 | New |
| OnKure TherapeuticsOKUR | 0.6% | $12m | 2,660,612 | Held |
| Karman HoldingsKRMN | 0.6% | $12m | 241,315 | -72% |
| Kodiak AIKDK | 0.3% | $7m | 1,412,928 | Held |
| Entrada TherapeuticsTRDA | 0.3% | $6m | 761,277 | Held |
| Eikon TherapeuticsEIKN | 0.2% | $5m | 395,340 | Held |
| Phathom PharmaceuticalsPHAT | 0.2% | $5m | 422,085 | Held |
| Chime FinancialCHYM | 0.1% | $3m | 150,000 | Held |
| Klarna GroupKLAR | 0.1% | $3m | 132,018 | New |
| DatadogDDOG | <0.1% | $2m | 7,074 | New |
| NavanNAVN | <0.1% | $1m | 58,258 | -88% |
| Gen DigitalGENVR | <0.1% | $788,008 | 622,931 | Held |
| CrowdStrike HoldingsCRWD | <0.1% | $748,279 | 3,922 | New |
| Grove Collaborative HoldingsGROV | <0.1% | $476,156 | 380,925 | Held |
| Tenaya TherapeuticsTNYA | <0.1% | $341,538 | 462,163 | Held |
| Via TransportationVIA | <0.1% | $290,276 | 16,002 | Held |
| Circle Internet GroupCRCL | <0.1% | $138,037 | 2,204 | New |
| Robinhood MarketsHOOD | <0.1% | $78,820 | 786 | New |
| RubrikRBRK | <0.1% | $4,817 | 60 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 4179.4% since 30 June 2025.
Where the money is
Technology92.6%
Retail & consumer5.3%
Health care1.3%
Industrials0.6%
Financial services0.3%
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.