Managers / Q1 2026
Step Capital Management Pte. Ltd.
CIK 0002091341 · 8 MARINA BOULEVARD, MARINA BAY FIN CTR TOWER 1 #11-08, SINGAPORE, 018981 · 65 6653 4451
Summary
Step Capital Management Pte. Ltd. reported $249M in U.S.-listed holdings across 27 positions for Q1 2026.
The portfolio is heavily concentrated: MU alone accounts for 21.8% of reported value.
Compared with Q4 2025, the fund opened 7 new positions and exited 6.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 84.6% · $211M
- ADR · 14.3% · $36M
- ETP · 1.2% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AVGOBROADCOM INC | NEW | +50.0K | 50.0K | +$15M | $15M |
| INTCINTEL CORP | NEW | +350.0K | 350.0K | +$15M | $15M |
| GOOGALPHABET INC | NEW | +10.0K | 10.0K | +$3M | $3M |
| MOSMOSAIC CO | NEW | +100.0K | 100.0K | +$3M | $3M |
| CMCSACOMCAST CORP NEW | NEW | +70.0K | 70.0K | +$2M | $2M |
| DUOLDUOLINGO INC | NEW | +20.0K | 20.0K | +$2M | $2M |
| ECHOECHOSTAR CORP | NEW | +10.0K | 10.0K | +$1M | $1M |
| NVDANVIDIA CORPORATION | ADDED | +70.0K | 80.0K | +$12M | $14M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.