StepStone Group LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), StepStone Group LP reported 17 stock positions worth $207.2 million. Its top holding was Karman (KRMN) at 33.9% of the portfolio, followed by Stubhub Class A (STUB, 22.8%) and Xanadu Quantum Technolo Class B (XNDU, 12.6%). Compared with Q4 2025, it opened 3 new positions, sold out of 8, added to 2 and reduced 2. The biggest buy was a new position in Xanadu Quantum Technolo Class B (XNDU) and the biggest sale Kodiak AI (KDK, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- La Jolla, CA
- CIK
- 0001502287
- Portfolio Value
- $207.2M (Q1 2026)
- SEC Filing
- 0001193125-26-225924 ↗ filed May 15, 2026
Holdings Value
Holdings 17 stocks · $207.2M
| KRMN Karman Holdings Inc. | 33.89% | 877,320 | $70.2M | No change |
| STUB Stubhub Holdings Inc. Class A | 22.77% | 7,562,225 | $47.2M | No change |
| XNDU Xanadu Quantum Technolo Class B | 12.63% | 3,417,854 | $26.2M | New |
| OKUR Onkure Therapeutics Inc. Class A | 5.32% | 2,660,612 | $11.0M | Add +440.8% |
| PATH Uipath Inc. Class A | 4.84% | 902,973 | $10.0M | No change |
| KDK Kodiak AI Inc. | 4.73% | 1,412,702 | $9.8M | Reduce -0.0% |
| TRDA Entrada Therapeutics Inc. | 4.64% | 761,277 | $9.6M | No change |
| NAVN Navan Inc. Class A | 3.09% | 483,901 | $6.4M | Add +13.3% |
| PHAT Phathom Pharmaceuticals Inc. | 2.26% | 422,085 | $4.7M | No change |
| EIKN Eikon Therapeutics Inc. | 2.02% | 395,340 | $4.2M | New |
| DKNG Draftkings Inc. Class A | 1.68% | 160,902 | $3.5M | No change |
| CHYM Chime Financial Inc. Class A | 1.36% | 150,000 | $2.8M | No change |
| MDB Mongodb Inc. | 0.24% | 2,030 | $497K | New |
| GROV Grove Collaborative Holdings | 0.24% | 380,702 | $487K | No change |
| TNYA Tenaya Therapeutics Inc. | 0.15% | 462,163 | $319K | No change |
| VIA Via Transportation Inc. Class A | 0.12% | 16,002 | $240K | No change |
| NOW ServiceNow Inc. | 0.03% | 638 | $67K | Reduce -95.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $249K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 622,931 | $249K | No change |
Total filed on the 13F, all lines: $207.5M.
Portfolio Sells Q4 2025 → Q1 2026
| KDK Kodiak AI Inc. | Reduce -0.0% | 4.73% | −3.65 |
| FIG Figma Inc. Class A | Sold out | 0.00% | −1.84 |
| NOW ServiceNow Inc. | Reduce -95.9% | 0.03% | −1.27 |
| RBRK Rubrik Inc. Class A | Sold out | 0.00% | −0.76 |
| CRCL Circle Internet Group Inc. | Sold out | 0.00% | −0.40 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.31 |
| RVMD Revolution Medicines Inc. | Sold out | 0.00% | −0.26 |
| PAY Paymentus Holdings Inc. Class A | Sold out | 0.00% | −0.07 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −0.01 |
| OMDA Omada Health Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 22 | $2.2B | SPCX, STUB, CBRS, XNDU, TMS |
| Q1 2026 | 17 | $207.2M | KRMN, STUB, XNDU, OKUR, PATH |
| Q4 2025 | 22 | $184.1M | STUB, KDK, PATH, KRMN, TRDA |
| Q3 2025 | 15 | $201.5M | STUB, KRMN, PATH, KDK, DKNG |
| Q2 2025 | 14 | $50.4M | PATH, DKNG, RBRK, TRDA, PHAT |
| Q1 2025 | 16 | $97.4M | ML, PATH, DKNG, TRDA, NEUE |
| Q4 2024 | 14 | $114.4M | ML, PATH, TRDA, DKNG, OKUR |
| Q3 2024 | 14 | $274.1M | DNB, ML, RBLX, RKLB, PATH |
| Q2 2024 | 16 | $493.1M | DNB, WKME, ML, RKLB, RBLX |
| Q1 2024 | 21 | $471.6M | DNB, WKME, ML, RKLB, PATH |