Step Capital Management Pte. Ltd.
Long book
$249.1M
Q1 2026
Positions
27
Top-10 weight
89%
concentration
Last quarter
+82.4%
SPY +14.8%
Turnover
29%
of book per quarter
Strategy in plain words
auto-generated from filingsStep Capital Management Pte. Ltd. is a concentrated fundamental stock-picker, specialised in technology (69% of the long book), running a $249.1M US long book across 27 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MICRON TECHNOLOGY INC, ADVANCED MICRO DEVICES, MODERNA INC, BILIBILI INC-SPONSORED ADR, COINBASE GLOBAL INC -CLASS A.
We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
+6.4%
Q1 2026
+82.4%
Sector allocation
Technology 70%
Healthcare 16%
Financials 8%
Other 2%
Services media 2%
Communications 2%
Industrials 0%
Consumer staples 0%
Long book by quarter
What does Step Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MU MICRON TECHNOLOGY INC | Technology | 160.5K | $54.2M | 21.8% | -16.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 192.5K | $39.2M | 15.7% | +28.3% |
| MRNA MODERNA INC | Healthcare | 645.0K | $32.8M | 13.2% | Held |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 90.8K | $15.9M | 6.4% | +2.8% |
| AVGO BROADCOM INC | Technology | 50.0K | $15.5M | 6.2% | New |
| INTC INTEL CORP | Technology | 350.0K | $15.4M | 6.2% | New |
| NVDA NVIDIA CORP | Technology | 80.0K | $14.0M | 5.6% | +700.0% |
| PYPL PAYPAL HOLDINGS INC | Services media | 105.0K | $4.7M | 1.9% | Held |
| ORCL ORACLE CORP | Technology | 19.5K | $2.9M | 1.2% | +95.0% |
| GOOG ALPHABET INC-CL C | Technology | 10.0K | $2.9M | 1.2% | New |
| MOS MOSAIC CO/THE | Other | 100.0K | $2.5M | 1.0% | New |
| CROX CROCS INC | Other | 30.6K | $2.5M | 1.0% | +53.0% |
| CMCSA COMCAST CORP-CLASS A | Communications | 70.0K | $2.0M | 0.8% | New |
| DUOL DUOLINGO | Technology | 20.0K | $2.0M | 0.8% | New |
| DOCU DOCUSIGN INC | Technology | 30.0K | $1.4M | 0.6% | Held |
| ECHO ECHOSTAR CORP-A | Communications | 10.0K | $1.2M | 0.5% | New |
| TEM TEMPUS AI INC-CL A | Technology | 20.0K | $904K | 0.4% | Held |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 5.0K | $477K | 0.2% | Held |
| TSLA TESLA INC | Industrials | 525 | $195K | 0.1% | Held |
| BNC CEA INDUSTRIES INC | Consumer staples | 25.0K | $73K | 0.0% | Held |