BOSTON, December 15, 2025–(BUSINESS WIRE)–Below is the November 2025 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG).
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, November 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 GrowthCongress Asset Management Company, LLP
Mid-Cap GrowthWestfield Capital Management Company, L.P.
Large-Cap Growth
Top 20 Holdings at Month-End:
| (38.3% of equity portfolio) |
| ||
1 | NVIDIA Corp. | 4.7% | ||
2 | Apple, Inc. | 3.9% | ||
3 | Microsoft Corp. | 3.2% | ||
4 | Alphabet, Inc. | 2.9% | ||
5 | Amazon.com, Inc. | 2.2% | ||
6 | Meta Platforms, Inc. | 2.0% | ||
7 | Natera, Inc. | 1.7% | ||
8 | Ollie’s Bargain Outlet Holdings, Inc. | 1.6% | ||
9 | Ascendis Pharma A/S | 1.5% | ||
10 | FirstService Corp. | 1.5% | ||
11 | Broadcom Inc. | 1.5% | ||
12 | AAR Corp. | 1.4% | ||
13 | Semtech Corp. | 1.4% | ||
14 | Artivion, Inc. | 1.4% | ||
15 | Pure Storage, Inc. | 1.3% | ||
16 | StepStone Group, Inc. | 1.3% | ||
17 | Curtiss-Wright Corp. | 1.2% | ||
18 | EMCOR Group, Inc. | 1.2% | ||
19 | Eli Lilly & Co. | 1.2% | ||
20 | ACADIA Pharmaceuticals, Inc. | 1.2% |
Holdings are subject to change.
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | $6.12 | $5.54 | -9.5% |
Distributions (Ex-Date November 14th) | $0.12 | $0.12 |
|
End of month value | $5.99 | $5.37 | -10.4% |
Performance for month | 0.06% | -0.90% |
|
Performance year-to-date | 6.87% | 3.44% |
|
Net Assets at Month-End ($millions):
Total | $373.8 | |
Equities | $375.3 | |
Percent Invested | 100.4% |
Sector Breakdown* (% of equity portfolio):
Information Technology | 29.5% | |
Industrials | 23.5% | |
Health Care | 16.7% | |
Consumer Discretionary | 11.4% | |
Financials | 8.7% | |
Communication Services | 6.8% | |
Real Estate | 2.0% | |
Consumer Staples | 1.4% | |
Total Market Value | 100.0% |
*Based on Standard & Poor’s and MSCI Global Industry Classification Standard (GICS).
New Holdings:
Danaher Corp.
Everus Construction Group, Inc.
Holdings Liquidated:
Dexcom, Inc.
Palantir Technologies, 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.