Vanguard Capital Management Acquires 5.1% Stake in StepStone Group Inc (STEP)

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, disclosing a new 5.1% ownership stake in StepStone Group Inc (STEP). As of the event date on March 31, 2026, the firm reported beneficial ownership of 4,090,444 shares of Common Stock. This position represents a significant increase from a previously reported 0.0% stake, crossing the 5% disclosure threshold. According to the filing, Vanguard holds sole dispositive power over all 4,090,444 shares, while maintaining sole voting power over 564,488 shares. The filing was made under Rule 13d-1(b), indicating that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The reporting entity includes various affiliates such as Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in these securities exceeds 5% of the class.