Stepstone Group, which concentrates on Latin America and the US, was co-founded by Jose Fernandez. Stepstone has $134 billion in assets under management and a total capital commitment of more than $570 billion. Stepstone is doing fairly well, with a portfolio worth over $1.34 billion as of right now. One of the largest cryptocurrency exchanges was among the stocks in which Stepstone had sold its shares. While several other popularly traded coins have lost up to 90% of their value, Bitcoin, which had a peak price of close to $70,000, is currently selling at about $21,000.
Insider Monkey discusses the top 10 stock picks of Jose Fernandez’s Stepstone Group. Vacation rental management company Vacasa, Inc. oversees over 35,000 properties across numerous nations. Nicholas Jones, an analyst with JMP Securities, started covering on June 9 with an Outperform rating but cut the price target from $12.00 to $6.50. The share price of Doma Holdings Inc. has dropped in 2022, with a YTD loss of over 79 percent. The fact that Stepstone Capital Management’s investment has remained constant demonstrates that the hedge fund is sticking to its guns and believes the stock will increase. The Q1 results for MoneyLion Inc. more than doubled from the same period last year. By the end of the year, the management anticipates that adjusted earnings before interest, tax, depreciation, and amortization will have reached breakeven. UiPath Inc. is one of Jose Fernandez’s Stepstone Group’s top 10 picks and makes up 5.74 percent of the whole portfolio. The business specializes in software for automating robotic processes. On June 27, Terry Tillman, a Truist analyst, maintained a Buy recommendation on Uipath with a $45 price objective. Xometry, Inc. is a manufacturer of industrial parts, and some of its notable clients are NASA, BMW, Bosch, and Dell Technologies Inc. Even if Xometry’s revenue growth has been nothing short of amazing, unprofitable companies’ share prices have fallen as a result of an uncertain 2022. For more details, click Top 10 Stock Picks of Jose Fernandez’s Stepstone Group.
