A Comprehensive Look at Liberty All-Star Growth Fund's November Update
Liberty All-Star Growth Fund Monthly Insight
Welcome to the detailed monthly update on Liberty All-Star Growth Fund, Inc. (NYSE: ASG). This article provides an overview of the fund's performance, investment strategies, and notable updates as we reflect on November 2024.
Investment Strategy Overview
The Liberty All-Star Growth Fund adopts a unique approach by incorporating the expertise of multiple investment managers. Their strategy is characterized by combining three growth style managers, each focusing on different capitalizations: small-, mid-, and large-cap values. This ensures that the fund is well-positioned to capture growth opportunities across various sectors of the market.
Investment Managers
The fund is overseen by the following investment managers:
- Weatherbie Capital, LLC - Specializes in Small-Cap Growth
- Congress Asset Management Company, LLP - Focused on Mid-Cap Growth
- Westfield Capital Management Company, L.P. - Renowned for their Large-Cap Growth strategies
Top Holdings Analysis
As of the end of November 2024, the fund's top 20 holdings comprise 39.1% of the equity portfolio, showcasing a diverse investment approach. Here’s a brief look at some significant holdings:
- NVIDIA Corp. - 3.9%
- Apple, Inc. - 3.0%
- Amazon.com, Inc. - 2.9%
- Microsoft Corp. - 2.8%
- Upstart Holdings, Inc. - 2.1%
- SPS Commerce, Inc. - 2.1%
- Alphabet, Inc. - 2.0%
This diverse portfolio enhances the potential for growth while spreading risk among multiple sectors.
Monthly Performance Metrics
This month the fund displayed noteworthy performance metrics:
| Performance | NAV | Market Price | Discount |
|---|---|---|---|
| Beginning of month value | $5.96 | $5.56 | -6.7% |
| Distributions | $0.12 | $0.12 | |
| End of month value | $6.35 | $5.87 | -7.6% |
| Monthly performance | 8.72% | 7.73% | |
| Year-to-date performance | 20.25% | 21.05% |
These figures indicate a strong month for the fund, showcasing resilience and effective management strategies.
Net Asset Value Insights
The net asset value (NAV) of the Liberty All-Star Growth Fund stands at a robust $384.8 million, with equities comprising a significant portion at $383.6 million. An impressive 99.7% of total assets are invested, emphasizing the fund's proactive investment strategy.
Sector Breakdown
Understanding the sector breakdown helps investors gauge where their funds are allocated:
- Information Technology: 28.4%
- Industrials: 17.6%
- Health Care: 16.5%
- Financials: 14.2%
- Consumer Discretionary: 9.9%
This distribution showcases the fund’s strategic focus on high-growth sectors.
New and Liquidated Holdings
This month, Liberty All-Star Growth Fund added several promising holdings:
- Block, Inc.
- GE Vernova, Inc.
- GoDaddy, Inc.
- Sprouts Farmers Market, Inc.
- VSE Corp.
However, the fund also liquidated positions in:
- AbbVie, Inc.
- Advanced Micro Devices, Inc.
- ASML Holding N.V.
Conclusion and Future Outlook
As we look forward, it’s evident that Liberty All-Star Growth Fund, Inc. (NYSE: ASG) is well-positioned to capitalize on future market opportunities. The blend of strategic holdings, responsive management, and an insightful approach reflects the fund’s commitment to delivering value to its shareholders.
Frequently Asked Questions
What is the investment strategy of the Liberty All-Star Growth Fund?
The fund combines various growth managers focusing on small-, mid-, and large-cap investments.
What were the top holdings in November 2024?
Key holdings included NVIDIA Corp, Apple, and Amazon.com.
How did the fund perform in November?
The fund posted an impressive monthly performance of 8.72%.
What is the current NAV of the fund?
The net asset value stands at $384.8 million.
What sectors is the fund primarily invested in?
The fund is heavily invested in Information Technology, Industrials, and Health Care sectors.
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