Liberty All-Star® Growth Fund, Inc. March 2025 Monthly Update

PR Newswire · 2d ago

BOSTON, April 15, 2025 /PRNewswire/ -- Below is the March 2025 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG).

Liberty All-Star Growth Fund, Inc.

Ticker: ASG

Monthly Update, March 2025

Investment Approach:

Fund Style: All-Cap Growth

Fund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap) selected and continuously monitored by the Fund's Investment Advisor.

Investment Managers:

  • Weatherbie Capital, LLC

    Small-Cap Growth
  • Congress Asset Management Company, LLP

    Mid-Cap Growth
  • Westfield Capital Management Company, L.P.

    Large-Cap Growth

Top 20 Holdings at Month-End:

(40.0% of equity portfolio)

1

NVIDIA Corp.

3.4 %

2

Amazon.com, Inc.

3.1 %

3

Apple, Inc.

2.9 %

4

Microsoft Corp.

2.8 %

5

Ollie's Bargain Outlet Holdings, Inc.

2.4 %

6

Alphabet, Inc.

2.4 %

7

Meta Platforms, Inc.        

2.3 %

8

Casella Waste Systems, Inc. 

2.1 %

9

FirstService Corp.

2.1 %

10

S&P Commerce, Inc.

1.8 %

11

Visa, Inc.        

1.8 %

12

Hamilton Lane, Inc.

1.7 %

13

Natera, Inc.    

1.7 %

14

StepStone Group, Inc.

1.6 %

15

Brown & Brown, Inc.

1.4 %

16

Upstart Holdings, Inc.

1.4 %

17

TransDigm Group, Inc.

1.3 %

18

Penumbra, Inc.

1.3 %

19

Dexcom, Inc.

1.3 %

20

Ascendis Pharma A/S

1.2 %

Holdings are subject to change.

Monthly Performance:

Performance

NAV

Market Price

Discount

Beginning of month value

$5.70

$5.24

-8.1 %

End of month value

$5.28

$4.89

-7.4 %

Performance for month

-7.37 %

-6.68 %

Performance year-to-date

-11.51 %

-11.52 %

 

Net Assets at Month-End ($millions):

Total

$325.0

Equities

$314.4

Percent Invested

96.7 %

 

Sector Breakdown* (% of equity portfolio):

Information Technology

27.6 %

Industrials

18.6 %

Health Care

16.2 %

Financials

13.7 %

Consumer Discretionary

10.6 %

Communication Services

6.2 %

Consumer Staples

3.9 %

Real Estate

2.1 %

Materials

0.9 %

Energy

0.2 %

Total Market Value

100.0 %

*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS).

New Holdings:

Artivion, Inc.

Garmin Ltd.

Guidewire Software, Inc.

MongoDB, Inc.

Holdings Liquidated:

American Eagle Outfitters, Inc.

ICON PLC

Inogen, Inc.

Jabil, Inc.

NXP Semiconductors NV

PTC, Inc.

Target Corp.

Weatherford International PLC

The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount.

Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses. Returns are calculated assuming that a shareholder reinvested all distributions. Past performance cannot predict future investment results.

Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal.

Sources of distributions to shareholders may include ordinary dividends, long-term capital gains and return of capital. The final determination of the source of all distributions in 2025 for tax reporting purposes will be made after year end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its fiscal year and may be subject to changes based on tax regulations. Based on current estimates a portion of the distributions consist of a return of capital. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholder 1099-DIV forms after the end of the year.

All data is as of March 31, 2025 unless otherwise noted.

Liberty All-Star® Growth Fund, Inc.

1-800-241-1850

www.all-starfunds.com

libinfo@alpsinc.com

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SOURCE Liberty All-Star Growth Fund, Inc.