Liberty All-Star® Growth Fund, Inc. January 2025 Monthly Update
Rhea-AI Summary
Liberty All-Star Growth Fund (NYSE: ASG) has released its January 2025 monthly update. The fund combines three growth style investment managers focusing on small-, mid-, and large-cap investments. The fund's top holdings include Amazon.com (3.2%), NVIDIA (3.2%), Alphabet (2.7%), and Apple (2.7%), with the top 20 holdings representing 39.0% of the equity portfolio.
Performance metrics show the fund's NAV increased from $6.10 to $6.19, while the market price rose from $5.65 to $5.70, maintaining a discount of -7.9%. Monthly performance was 3.61% for NAV and 3.01% for market price. The fund distributed $0.12 per share on January 24th. Total net assets stood at $378.2 million, with 100.8% invested in equities.
The portfolio is primarily allocated to Information Technology (28.8%), Industrials (17.2%), and Health Care (16.7%). New holdings include CyberArk Software and Trade Desk, while positions in Chipotle Mexican Grill and Take-Two Interactive were liquidated.
Positive
- Monthly NAV performance of 3.61% and market price performance of 3.01%
- Portfolio is fully invested at 100.8%
- Maintained regular dividend distribution of $0.12 per share
Negative
- Discount to NAV widened from -7.4% to -7.9%
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, January 2025
Investment Approach:
Fund Style: All-Cap Growth
Fund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap) selected and continuously monitored by the Fund's Investment Advisor.
Investment Managers:
- Weatherbie Capital, LLC
Small-Cap Growth - Congress Asset Management Company, LLP
Mid-Cap Growth - Westfield Capital Management Company, L.P.
Large-Cap Growth
Top 20 Holdings at Month-End: | ||
( | ||
1 | Amazon.com, Inc. | 3.2 % |
2 | NVIDIA Corp. | 3.2 % |
3 | Alphabet, Inc. | 2.7 % |
4 | Apple, Inc. | 2.7 % |
5 | Microsoft Corp. | 2.6 % |
6 | Meta Platforms, Inc. | 2.2 % |
7 | SPS Commerce, Inc. | 2.0 % |
8 | Upstart Holdings, Inc. | 2.0 % |
9 | Ollie's Bargain Outlet Holdings, Inc. | 1.9 % |
10 | FirstService Corp. | 1.9 % |
11 | Semtech Corp. | 1.8 % |
12 | Hamilton Lane, Inc. | 1.7 % |
13 | Natera, Inc. | 1.6 % |
14 | Casella Waste Systems, Inc. | 1.6 % |
15 | StepStone Group, Inc. | 1.6 % |
16 | Visa, Inc. | 1.5 % |
17 | Dexcom, Inc. | 1.3 % |
18 | Tandem Diabetes Care, Inc. | 1.3 % |
19 | TransDigm Group, Inc. | 1.1 % |
20 | Raymond James Financial, Inc. | 1.1 % |
Holdings are subject to change. | ||
Monthly Performance: | |||
Performance | NAV | Market Price | Discount |
Beginning of month value | -7.4 % | ||
Distributions (Ex-Date January 24th) | |||
End of month value | -7.9 % | ||
Performance for month | 3.61 % | 3.01 % | |
Performance year-to-date | 3.61 % | 3.01 % | |
Net Assets at Month-End ($millions): | |
Total | |
Equities | |
Percent Invested | 100.8 % |
Sector Breakdown* (% of equity portfolio): | |
Information Technology | 28.8 % |
Industrials | 17.2 % |
Health Care | 16.7 % |
Financials | 13.4 % |
Consumer Discretionary | 10.2 % |
Communication Services | 6.5 % |
Consumer Staples | 3.8 % |
Real Estate | 1.9 % |
Materials | 0.8 % |
Energy | 0.7 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS). |
New Holdings:
CyberArk Software, Ltd.
Houlihan Lokey, Inc.
Jabil, Inc.
Texas Roadhouse, Inc.
Trade Desk, Inc.
Holdings Liquidated:
Chipotle Mexican Grill, Inc.
Church & Dwight Co., Inc.
FactSet Research Systems, Inc.
Qualys, Inc.
Take-Two Interactive Software, Inc.
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 January 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.
FAQ
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