StepStone Group Inc (STEP US, +1, 12-June-26)

Michael Mccabe (Head of Strategy since Sep 2020, joined 2019) purchased $5 million worth of stock on June 11th at $41.85, increasing his ownership by 28%. The purchase narrowly avoids a short-swing profit rule violation, as it represents a reversal from a $12.7 million sale at $66.18 on December 10th 2025. This marks both his largest investment and the highest price paid to date. 

He previously acquired shares on two occasions: $1.7 million at $21.47 in May 2023 and $2.2 million at $23.31 in June 2023, both of which proved well timed. 

It is encouraging to see him return to buying with a sizeable purchase and at a price roughly 80% higher. We previously ranked the stock +N in February 2026 around this price based upon an unusual, rare purchase by Non-Executive Steven Mitchell, which performed well initially, and it’s encouraging to see this new purchase after slight weakness. 

We are ranking the stock +1 (strongly positive).

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