Step Capital Management Pte. Ltd.
Step Capital Management Pte. Ltd. reported 21 US-listed holdings worth $324.8 million in its 13F for the quarter ended 30 June 2026, filed 12 August 2026. Its largest: Micron Technology Inc. (47.1%), Moderna, Inc. (15.0%) and Intel Corp. (8.6%). Against the quarter before, it opened 0 positions, added to 5, trimmed 5 and sold out of 6.
The 14 largest of its 21 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +110.8% over the 2 quarters to 30 June 2026, against +9.5% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Added to 5
- EchoStar Corp. ECHO+120,000 shares · +1200%
- Moderna, Inc. MRNA+50,000 shares · +8%
- Oracle Corp. ORCL+18,700 shares · +96%
- Comcast Corp. CMCSA+105,000 shares · +150%
- Vipshop Hldgs Ltd VIPS+120,000 shares · +91%
Trimmed 5
- Advanced Micro Devices Inc. AMD-172,500 shares · -90%
- Micron Technology Inc. MU-28,000 shares · -17%
- Intel Corp. INTC-150,000 shares · -43%
- Coinbase Global, Inc. COIN-80,800 shares · -89%
- Crocs, Inc. CROX-10,600 shares · -35%
Sold out of 6
- NVIDIA Corp. NVDA$14.0 million last quarter
- iShares Bitcoin Trust ETF IBIT$2.9 million last quarter
- Alphabet Inc. GOOG$2.9 million last quarter
- Duolingo, Inc. DUOL$2.0 million last quarter
- Circle Internet Group, Inc. CRCL$477,050 last quarter
- Diageo plc DEO$297,800 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Micron Technology Inc. MU | 132.5K | $152.9 million | 47.09% | -28.0K |
| Moderna, Inc. MRNA | 695.0K | $48.7 million | 14.98% | +50.0K |
| Intel Corp. INTC | 200.0K | $27.9 million | 8.60% | -150.0K |
| Broadcom Inc. AVGO | 50.0K | $18.9 million | 5.82% | no change |
| Bilibili Inc. BILI | 1.0M | $17.0 million | 5.24% | no change |
| EchoStar Corp. ECHO | 130.0K | $13.2 million | 4.06% | +120.0K |
| Advanced Micro Devices Inc. AMD | 20.0K | $11.6 million | 3.58% | -172.5K |
| PDD Holdings Inc. PDD | 75.0K | $5.7 million | 1.76% | no change |
| Oracle Corp. ORCL | 38.2K | $5.6 million | 1.72% | +18.7K |
| PayPal Holdings, Inc. PYPL | 105.0K | $4.5 million | 1.40% | no change |
| Comcast Corp. CMCSA | 175.0K | $4.3 million | 1.32% | +105.0K |
| Vipshop Hldgs Ltd VIPS | 252.1K | $3.3 million | 1.03% | +120.0K |
| Crocs, Inc. CROX | 20.0K | $2.4 million | 0.74% | -10.6K |
| Mosaic Co. MOS | 100.0K | $2.1 million | 0.65% | no change |
| Coinbase Global, Inc. COIN | 10.0K | $1.5 million | 0.45% | -80.8K |
| XPeng Inc. XPEV | 105.0K | $1.4 million | 0.43% | no change |
| Docusign, Inc. DOCU | 30.0K | $1.3 million | 0.41% | no change |
| Tempus AI, Inc. TEM | 20.0K | $1.2 million | 0.36% | no change |
| Petróleo Brasileiro S.A. (Petrobras) PBR | 60.0K | $878,400 | 0.27% | no change |
| Tesla, Inc. TSLA | 525 | $220,815 | 0.07% | no change |
| Cea Industries Inc. BNC | 25.0K | $68,000 | 0.02% | no change |
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Change is shares against its 13F for the quarter before; the 6 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Micron Technology Inc. | Calls | 80.0K | $92.3 million |
| Advanced Micro Devices Inc. Call Oct 140 | Calls | 50.0K | $29.0 million |
| Intel Corp. | Calls | 100.0K | $14.0 million |
| Rocket Lab Corp. | Calls | 20.0K | $2.0 million |
| Marvell Technology Inc. | Calls | 3.0K | $893,670 |
5 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.