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Tidal Investments Boosts Stake in StepStone Group

Guavy AI Editorial Team
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Tidal Investments LLC increased its stake in StepStone Group Inc. (NASDAQ:STEP) by 11.8% during the second quarter, according to a recent SEC filing.

The firm acquired an additional 33,210 shares of StepStone's stock, bringing its total holdings to 314,523 shares worth $13 million as of the latest filing.

This move is part of a broader trend in which several hedge funds have modified their positions in the company. Royal Bank of Canada, for example, grew its stake by 72.6% during the first quarter and now owns 9,135 shares valued at $477,000. AQR Capital Management LLC raised its position by 6.5% in the same period.

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