Stepstone L.P. 13F annual report
Stepstone L.P. is an investment fund managing more than $472 billion ran by Bendukai Bouey. There are currently 21 companies in Bouey’s portfolio. The largest investments include Dun & Bradstreet and Walkme Ltd., together worth $297 billion.
$472 billion Assets Under Management (AUM)
As of 6th May 2024, Stepstone L.P.’s top holding is 20,742,226 shares of Dun & Bradstreet currently worth over $208 billion and making up 44.2% of the portfolio value.
Relative to the number of outstanding shares of Dun & Bradstreet, Stepstone L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 10,366,855 shares of Walkme Ltd. worth $89.2 billion.
The third-largest holding is Moneylion Inc. worth $44.4 billion and the next is Rocket Lab Usa, Inc. worth $33.7 billion, with 8,206,916 shares owned.
Currently, Stepstone L.P.'s portfolio is worth at least $472 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Stepstone L.P.
The Stepstone L.P. office and employees reside in La Jolla, California. According to the last 13-F report filed with the SEC, Bendukai Bouey serves as the Chief Compliance Officer and Deputy General Counsel at Stepstone L.P..
Recent trades
In the most recent 13F filing, Stepstone L.P. revealed that it had opened a new position in
Hashicorp Inc. and bought 210,840 shares worth $5.68 billion.
The investment fund also strengthened its position in Hillevax Inc. by buying
2 additional shares.
This makes their stake in Hillevax Inc. total 826,569 shares worth $13.7 billion.
On the other hand, there are companies that Stepstone L.P. is getting rid of from its portfolio.
Stepstone L.P. closed its position in Vacasa, Inc. on 13th May 2024.
It sold the previously owned 2,945,228 shares for $27.2 billion.
Bendukai Bouey also disclosed a decreased stake in Dun & Bradstreet by approximately 0.1%.
This leaves the value of the investment at $208 billion and 20,742,226 shares.
One of the average hedge funds
The two most similar investment funds to Stepstone L.P. are Intrua and Asio Capital. They manage $472 billion and $471 billion respectively.
Bendukai Bouey investment strategy
Stepstone L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 50.4% of
the total portfolio value.
The fund focuses on investments in the United States as
28.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
14% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $11 billion.
The complete list of Stepstone L.P. trades based on 13F SEC filings
These positions were updated on May 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Dun & Bradstreet Holdings, Inc. |
5.90%
20,742,226
|
$208,251,949,000 | 44.16% |
| Walkme Ltd. |
No change
10,366,855
|
$89,154,953,000 | 18.91% |
| Moneylion Inc. |
20.04%
622,931
|
$44,427,439,000 | 9.42% |
| Rocket Lab Usa, Inc. |
No change
8,206,916
|
$33,730,425,000 | 7.15% |
| UiPath, Inc. |
29.07%
1,286,527
|
$29,165,567,000 | 6.18% |
| Vacasa, Inc. |
Closed
2,945,228
|
$27,155,002,000 | |
| Roblox Corporation |
0.19%
466,666
|
$17,817,308,000 | 3.78% |
| Hillevax Inc. |
0.00%
826,569
|
$13,745,843,000 | 2.91% |
| Entrada Therapeutics, Inc. |
No change
761,277
|
$10,787,295,000 | 2.29% |
| Hashicorp Inc. |
Opened
210,840
|
$5,682,138,000 | 1.20% |
| Phathom Pharmaceuticals Inc |
No change
422,085
|
$4,482,543,000 | 0.95% |
| Neuehealth Inc. |
0.00%
525,250
|
$3,414,125,000 | 0.72% |
| Doma Holdings, Inc. (f/k/a States Title Holding, Inc.) |
0.00%
595,180
|
$2,702,117,000 | 0.57% |
| Ngm Biopharmaceuticals Inc |
No change
1,573,357
|
$2,501,638,000 | 0.53% |
| Tenaya Therapeutics, Inc. |
No change
462,163
|
$2,417,113,000 | 0.51% |
| Sprinklr, Inc. |
Closed
160,509
|
$2,221,445,000 | |
| Vacasa, Inc. |
Opened
147,261
|
$1,004,320,000 | 0.21% |
| Nu Holdings Ltd. |
Opened
66,210
|
$789,885,000 | 0.17% |
| Toast, Inc. |
Closed
39,369
|
$737,381,000 | |
| Grove Collaborative Holdings, Inc. |
No change
380,383
|
$635,240,000 | 0.13% |
| Confluent, Inc. |
Opened
13,024
|
$397,493,000 | 0.08% |
| Braze, Inc. |
Closed
5,779
|
$270,053,000 | |
| Freshworks Inc. |
Closed
91,293
|
$236,421,000 | |
| Couchbase, Inc. |
Opened
8,652
|
$227,634,000 | 0.05% |
| Wag! Group Co. |
Closed
117,976
|
$225,334,000 | |
| Crowdstrike Holdings Inc |
Opened
672
|
$215,437,000 | 0.05% |
| Agiliti, Inc. |
Closed
20,101
|
$130,455,000 | |
| Amplitude, Inc. |
Opened
2,793
|
$30,388,000 | 0.01% |
| Amyris Inc |
Closed
2,816
|
$1,690,000 | |
| No transactions found | |||
| Showing first 500 out of 29 holdings | |||
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