StepStone Group shares fell 8.48% over the past year despite record fee revenues and AUM growth in Q1 2026.
Alger Weatherbie Specialized Growth Fund retained its position in StepStone Group Inc. (NASDAQ:STEP) during Q1 2026, even as the stock underperformed. STEP closed at $53.74 on May 22, 2026, reflecting a 7.65% one-month return but an 8.48% decline over the past 52 weeks.
The firm reported record fee revenues and continued growth in assets under management, though performance-related earnings lagged the prior year. StepStone’s market capitalization stands at $6.74 billion, with operations spanning private equity, real estate, infrastructure, and private debt.
Despite headwinds, the fund cited StepStone’s global reach and customized investment solutions as key strengths for institutional clients.