Liberty All-Star® Growth Fund, Inc. March 2025 Monthly Update
Rhea-AI Summary
The Liberty All-Star Growth Fund (NYSE: ASG) has released its March 2025 monthly update, revealing significant performance metrics. The fund, which combines three growth-style investment managers focusing on small-, mid-, and large-cap investments, reported a decline in both NAV and market price. The NAV decreased by 7.37% to $5.28, while the market price fell 6.68% to $4.89.
The fund's portfolio, valued at $325.0 million with 96.7% invested in equities, is heavily weighted in Information Technology (27.6%), Industrials (18.6%), and Health Care (16.2%). The top holdings include NVIDIA (3.4%), Amazon (3.1%), and Apple (2.9%). Year-to-date performance shows an 11.51% decline in NAV and 11.52% decline in market price, with the fund trading at a -7.4% discount to NAV.
Positive
- Portfolio remains well-diversified across growth sectors with 96.7% investment level
- Discount to NAV improved from -8.1% to -7.4%
- Strong allocation to high-growth tech sector (27.6%) with major holdings in industry leaders
Negative
- Significant NAV decline of 7.37% in March 2025
- Market price dropped 6.68% during the month
- Year-to-date losses exceed 11.5% for both NAV and market price
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:
( | ||
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 | -8.1 % | ||
End of month value | -7.4 % | ||
Performance for month | -7.37 % | -6.68 % | |
Performance year-to-date | -11.51 % | -11.52 % |
Net Assets at Month-End ($millions):
Total | |
Equities | |
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.
FAQ
What is the current performance of Liberty All-Star Growth Fund (ASG) in March 2025?
What are the top 3 holdings in ASG's portfolio as of March 2025?
How is ASG's portfolio allocated across sectors in March 2025?
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What changes were made to ASG's portfolio holdings in March 2025?
