BOSTON, August 14, 2025–(BUSINESS WIRE)–Below is the July 2025 Monthly Update for the Liberty All-Star Equity Fund (NYSE: USA).
Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, July 2025
Investment Approach:
Fund Style: Large-Cap Core
Fund Strategy: Combines three value-style and two growth-style investment managers. Those selected demonstrate a consistent investment philosophy, decision making process, continuity of key people and above-average long-term results compared to managers with similar styles.
Investment Managers:
Value Managers:
Aristotle Capital Management, LLC
Fiduciary Management, Inc.
Pzena Investment Management, LLC
Growth Managers:
Sustainable Growth Advisers, LP
TCW Investment Management Company
Top 20 Holdings at Month-End:
| (38.8% of equity portfolio) |
| ||
1 | Microsoft Corp. | 5.1% | ||
2 | NVIDIA Corp. | 4.9% | ||
3 | Amazon, Inc. | 3.0% | ||
4 | Alphabet, Inc. | 2.7% | ||
5 | Capital One Financial Corp. | 2.3% | ||
6 | Meta Platforms, Inc. | 2.1% | ||
7 | Visa, Inc. | 1.8% | ||
8 | ServiceNow, Inc. | 1.7% | ||
9 | Charles Schwab Corp. | 1.5% | ||
10 | Synopsys, Inc. | 1.5% | ||
11 | Fresenius Medical Care AG | 1.4% | ||
12 | S&P Global, Inc. | 1.4% | ||
13 | Ferguson Enterprises, Inc. | 1.3% | ||
14 | Sony Group Corp. | 1.3% | ||
15 | Wells Fargo & Co. | 1.2% | ||
16 | CVS Health Corp. | 1.2% | ||
17 | Booking Holdings, Inc. | 1.2% | ||
18 | Aramark | 1.1% | ||
19 | Broadcom Inc. | 1.1% | ||
20 | Parker-Hannifin Corp. | 1.0% | ||
Holdings are subject to change. | ||||
Monthly Performance:
Performance | NAV | Market Price | Discount | |||
Beginning of month value | $7.03 |
| $6.81 |
| -3.1% | |
Distributions (Ex-Date July 18th) | $0.18 |
| $0.18 |
|
| |
End of month value | $6.84 |
| $6.52 |
| -4.7% | |
Performance for month | -0.02% |
| -1.62% |
|
| |
Performance year-to-date | 5.91% |
| 0.96% |
|
|
Net Assets at Month-End ($millions):
Total | $2,017.3 | |
Equities | $2,025.1 | |
Percent Invested | 100.4% |
Sector Breakdown* (% of equity portfolio):
Information Technology | 25.2% | |
Financials | 19.8% | |
Health Care | 13.4% | |
Consumer Discretionary | 12.3% | |
Industrials | 10.4% | |
Communication Services | 6.3% | |
Consumer Staples | 4.8% | |
Materials | 4.2% | |
Energy | 1.9% | |
Utilities | 1.4% | |
Real Estate | 0.3% | |
Total Market Value | 100.0% | |
*Based on Standard & Poor’s and MSCI Global Industry Classification Standard (GICS). | ||
New Holdings:
Eaton Corp. PLC
NIKE, Inc.
W.W. Grainger, Inc.
Holdings Liquidated:
ANSYS, Inc.
Novo Nordisk A/S
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.
