Liberty All-Star Growth Fund Progress Report for January 2025
Monthly Update Overview
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has released its January 2025 Monthly Update, reflecting the fund's performance and strategic direction. This update is pivotal for current and potential investors to understand the fund's operations and market positioning.
Investment Strategy
This fund primarily adopts an All-Cap Growth strategy, engaging three differentiated investment managers focusing on small-, mid-, and large-cap assets. This diverse management approach aims to optimize returns by blending various capitalization focuses, ensuring a grounded investment philosophy under continuous scrutiny by the Fund's Investment Advisor.
Investment Managers
The fund collaborates with the following investment managers, each bringing defined expertise:
Weatherbie Capital, LLC - Specializes in Small-Cap Growth
Congress Asset Management Company, LLP - Focusing on Mid-Cap Growth
Westfield Capital Management Company, L.P. - Known for Large-Cap Growth
Highlighted Holdings
The fund's equity portfolio shows a variety of robust holdings that contribute to its impressive performance, collectively comprising 39.0% of the equity portfolio. Below are some of the top holdings as of month-end:
- Amazon.com, Inc. - 3.2%
- NVIDIA Corp. - 3.2%
- Alphabet, Inc. - 2.7%
- Apple, Inc. - 2.7%
- Microsoft Corp. - 2.6%
- Meta Platforms, Inc. - 2.2%
- SPS Commerce, Inc. - 2.0%
- Upstart Holdings, Inc. - 2.0%
- Ollie's Bargain Outlet Holdings, Inc. - 1.9%
- FirstService Corp. - 1.9%
Performance Metrics
As of the end of January, the Liberty All-Star Growth Fund reported net assets totaling $378.2 million, with equity investments valued at $381.2 million. The percentage invested remains a substantial 100.8%. These figures underline a strong commitment to market engagement and asset fluidity.
Monthly Performance Breakdown
The performance data for January showcases a beginning value of $6.10, with a market price of $5.65, realizing a discount of 7.4%. Significant distributions occurred, with each amounting to $0.12.
Here's how the month rounded out:
- End of month value: $6.19
- Market Price: $5.70
- Performance for the month: +3.61%
- Performance year-to-date: +3.61%
Sector Distribution
The fund's equity portfolio is diversified across various sectors, indicative of a strategic allocation philosophy:
Information Technology: 28.8%
Industrials: 17.2%
Health Care: 16.7%
Financials: 13.4%
Consumer Discretionary: 10.2%
Recent Changes in Holdings
This month, the fund introduced new holdings within its portfolio, including:
CyberArk Software, Ltd.
Houlihan Lokey, Inc.
Jabil, Inc.
Texas Roadhouse, Inc.
Trade Desk, Inc.
Conversely, several holdings have been liquidated, such as:
Chipotle Mexican Grill, Inc.
Church & Dwight Co., Inc.
FactSet Research Systems, Inc.
Qualys, Inc.
Take-Two Interactive Software, Inc.
Understanding Net Asset Value
The net asset value (NAV) reflects the market value of the underlying investments minus liabilities. It's essential for investors to grasp that along with the NAV, the Fund has a market price that fluctuates based on trading activity. If there’s a divergence between these values, it indicates whether the Fund is trading at a premium or discount.
Investment Risks
Investing in closed-end funds carries risks, including market fluctuations that can affect principal value. The Fund’s performance may vary, and individual shareholder outcomes depend significantly on investment timing and market conditions.
Contact and Additional Information
For further details or inquiries, investors can reach out to: Liberty All-Star Growth Fund, Inc. at 1-800-241-1850 or visit their website for more information.
Frequently Asked Questions
What is the main strategy of Liberty All-Star Growth Fund?
The fund adopts an All-Cap Growth strategy, utilizing a mix of investment managers focusing on different capitalizations.
Who are the investment managers of the fund?
The managers include Weatherbie Capital, LLC, Congress Asset Management Company, LLP, and Westfield Capital Management Company, L.P.
What were the top five holdings in January 2025?
The top holdings included Amazon.com, NVIDIA Corp., Alphabet, Apple, and Microsoft.
How much did the fund distribute in January 2025?
The fund distributed $0.12 for the month of January 2025.
What are the main sectors represented in the fund's portfolio?
Key sectors include Information Technology, Industrials, Health Care, and Financials, among others.
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