Liberty All-Star® Growth Fund, Inc. December 2025 Monthly Update
MWN-AI** Summary
The December 2025 Monthly Update for Liberty All-Star Growth Fund, Inc. (NYSE: ASG) presents an overview of the fund’s performance and strategic positioning within the all-cap growth investment style. The fund employs a multi-manager strategy, utilizing three distinct investment firms—Weatherbie Capital for small-cap growth, Congress Asset Management for mid-cap growth, and Westfield Capital Management for large-cap growth—allowing for diversified exposure across various market capitalizations.
At the end of December 2025, the fund's net asset value (NAV) was $5.86 per share, down from $5.99 at the beginning of the month, reflecting a monthly performance decline of 2.17%. The market price similarly decreased to $5.30, resulting in a 1.30% drop for the month. Year-to-date performances were more favorable, showing gains of 4.58% based on NAV and 2.12% on market price.
As of the reporting date, the fund maintained total net assets of $368.3 million, with an impressive 99.8% of its assets invested in equities. The top holdings include prominent tech giants such as NVIDIA (5.0%), Apple (3.7%), and Microsoft (3.1%), collectively making up 38% of the equity portfolio. Sector allocation is heavily weighted towards Information Technology (28.6%) and Industrials (22.7%), indicating a focus on growth-oriented industries.
New investments during the month included companies like Cardinal Infrastructure Group and Salesforce, while the fund liquidated positions in Booz Allen Hamilton and Spotify. The monthly update emphasizes both the fund's strategic diversification and the risks inherent in market fluctuations, with disclaimers regarding investment fluctuations and tax implications for shareholders. Overall, the Liberty All-Star Growth Fund aims to leverage diverse growth opportunities while navigating market challenges.
MWN-AI** Analysis
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) concluded December 2025 facing a modest dip, with a net asset value (NAV) decline of 2.17% for the month and a year-to-date performance of 4.58%. Despite the recent downturn, the fund’s diversified strategy positions it well for long-term growth, particularly in an environment where all-cap growth strategies can capitalize on varying market conditions.
Consolidating its investment approach through three specialized managers—Weatherbie Capital for small-cap, Congress Asset Management for mid-cap, and Westfield Capital for large-cap growth—ASG effectively spreads its risk across sectors. Notably, IT (28.6%) and Industrials (22.7%) represent significant portions of its equity portfolio, suggesting a focus on sectors poised for technological advancement and infrastructure spending.
Key holdings include market leaders like NVIDIA (5.0%), Apple (3.7%), and Microsoft (3.1%), reflecting a robust engagement with high-growth potential companies. However, with the fund trading at a discount to NAV (9.6%), there may be an opportunity for investors to acquire shares at a more attractive price relative to the underlying assets.
Looking ahead, prospective investors should evaluate their risk tolerance. While ASG's focus on established growth companies bodes well, fluctuations in sector performance can impact returns. The recent introduction of new holdings such as IDEXX Laboratories and Salesforce may enhance diversification and growth potential, although the liquidation of positions like Spotify and Booz Allen Hamilton suggests a strategic pivot.
In conclusion, while the recent performance may raise concerns, the fundamental strategy remains robust. Investors should consider ASG for its growth potential and diversification, particularly given the current market valuation. As always, a thorough assessment of personal investment goals and market conditions is advised before making significant investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Below is the December 2025 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG).
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, December 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:
(38.0% of equity portfolio) | ||||||||
1 | NVIDIA Corp. | 5.0% | ||||||
2 | Apple, Inc. | 3.7% | ||||||
3 | Microsoft Corp. | 3.1% | ||||||
4 | Alphabet, Inc. | 2.8% | ||||||
5 | Amazon.com, Inc. | 2.2% | ||||||
6 | Meta Platforms, Inc. | 2.0% | ||||||
7 | FirstService Corp. | 1.7% | ||||||
8 | Ollie’s Bargain Outlet Holdings, Inc. | 1.6% | ||||||
9 | Ascendis Pharma A/S | 1.6% | ||||||
10 | Artivion, Inc. | 1.5% | ||||||
11 | Natera, Inc. | 1.5% | ||||||
12 | StepStone Group, Inc. | 1.4% | ||||||
13 | AAR Corp. | 1.4% | ||||||
14 | Broadcom Inc. | 1.3% | ||||||
15 | Eli Lilly & Co. | 1.3% | ||||||
16 | EMCOR Group, Inc. | 1.2% | ||||||
17 | Curtiss-Wright Corp. | 1.2% | ||||||
18 | Semtech Corp. | 1.2% | ||||||
19 | ACADIA Pharmaceuticals, Inc. | 1.2% | ||||||
20 | Vertiv Holdings Co. | 1.1% |
Holdings are subject to change.
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | $5.99 | $5.37 | -10.4% |
End of month value | $5.86 | $5.30 | -9.6% |
Performance for month | -2.17% | -1.30% | |
Performance year-to-date | 4.58% | 2.12% | |
Net Assets at Month-End ():
Total | $368.3 | |||
Equities | $367.5 | |||
Percent Invested | 99.8% |
Sector Breakdown* (% of equity portfolio):
Information Technology | 28.6% | |||
Industrials | 22.7% | |||
Health Care | 16.8% | |||
Consumer Discretionary | 12.3% | |||
Financials | 9.8% | |||
Communication Services | 6.3% | |||
Real Estate | 2.1% | |||
Consumer Staples | 1.4% | |||
Total Market Value | 100.0% |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS).
New Holdings:
Cardinal Infrastructure Group, Inc.
IDEXX Laboratories, Inc.
Ross Stores, Inc.
Salesforce, Inc.
Holdings Liquidated:
Booz Allen Hamilton Holding Corp.
CyberArk Software, Ltd.
Spotify Technology SA
SPS Commerce, Inc.
Transcat, Inc.
TransDigm Group, 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 December 31, 2025 unless otherwise noted.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260116087420/en/
Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
FAQ**
What strategies does the Liberty All-Star Growth Fund Inc. (ASG) employ to select and monitor its three distinct growth style investment managers?
2. Given the current top holdings and sector breakdown, how does the Liberty All-Star Growth Fund Inc. (ASG) plan to adapt its portfolio in response to market changes in 2026?
3. What are the potential risks associated with the high allocation in technology and industrial sectors within the Liberty All-Star Growth Fund Inc. (ASG)?
4. How does the performance of the Liberty All-Star Growth Fund Inc. (ASG) in 2025 compare to peers, particularly in regard to risk and return metrics?
**MWN-AI FAQ is based on asking OpenAI questions about Liberty All-Star Growth Fund Inc. (NYSE: ASG).
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