Liberty All-Star® Growth Fund, Inc. January 2026 Monthly Update
MWN-AI** Summary
The January 2026 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG) highlights the fund's ongoing strategy and performance within the all-cap growth investment style. The fund employs a unique approach, partnering with three different growth-oriented investment managers—Weatherbie Capital, Congress Asset Management, and Westfield Capital. Each manager specializes in various market capitalizations: small-, mid-, and large-cap stocks.
As of the end of January 2026, the fund's top 20 holdings, comprising 37.7% of its equity portfolio, include major tech players like NVIDIA, Apple, and Microsoft. This reflects a significant focus on information technology, which alone accounts for 26.7% of the portfolio. Other sectors represented include Industrials (25.4%) and Health Care (14.8%), showcasing a diversified investment strategy that capitalizes on growth across various industries.
In terms of performance, the net asset value (NAV) of the fund started the month at $5.86 and ended at $5.77, reflecting a slight overall growth of 0.71% for January. The market price also saw a modest increase from $5.30 to $5.25. Distributions for the month were set at $0.12 per share, with the fund maintaining a discount to NAV throughout.
New holdings introduced include Arista Networks and DigitalOcean, while positions in companies like AMD and Oracle were liquidated. The fund's total net assets reached $362.8 million, demonstrating robust investment activity with nearly all assets (100.5%) allocated to equities.
Investors should remain cautious, as the fund acknowledges inherent risks and potential fluctuations in value, emphasizing that past performance does not guarantee future results.
MWN-AI** Analysis
As of January 2026, the Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has demonstrated a modest performance with a NAV decline of 1.5% over the month and a market price decrease of 0.95%. With total net assets totaling approximately $362.8 million and a 100.5% investment ratio, the fund's focus on an all-cap growth strategy through a diversified selection of small-, mid-, and large-cap equities remains pivotal.
The top holdings of the fund include sector giants such as NVIDIA, Apple, and Alphabet, which collectively make up 37.7% of the equity portfolio. This concentration in technology and industry-leading companies indicates a bullish stance on growth sectors that have exhibited resilience and innovation. Investors should consider the current market dynamics; as the tech sector continues to face potential regulatory scrutiny and fluctuating economic conditions, a keen eye on performance against market benchmarks is warranted.
The fund’s performance dip must be contextualized within broader market volatility. Year-to-date performance aligns closely with the global economic climate, where risk factors such as interest rate changes and inflation expectations could impact growth-oriented investments. Given the existing 9% discount to NAV, investors have an opportunity to acquire shares at a lower valuation. A discount indicates market skepticism; however, the ongoing distribution of $0.12 may continue to make the fund attractive for income-focused investors.
Looking forward, investors should assess their risk tolerance against the framework of ASG's multi-manager investment strategy and sector allocations, particularly in information technology and industrials (accounting for a combined 52% of equity holdings). As market conditions evolve, the fund’s liquidity and adjustments in holdings with new investments in companies like Arista Networks and Marriott signify proactive management, warranted for potential portfolio enhancement. In conclusion, prudent investors may view ASG as a viable option for growth through diversification while being mindful of inherent market risks.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Below is the January 2026 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG).
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, January 2026
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:
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Top 20 Holdings at Month-End:
(37.7% of equity portfolio) | |||
1 | NVIDIA Corp. | 4.7% | |
2 | Apple, Inc. | 2.9% | |
3 | Alphabet, Inc. | 2.8% | |
4 | Microsoft Corp. | 2.4% | |
5 | Amazon.com, Inc. | 2.1% | |
6 | Meta Platforms, Inc. | 2.0% | |
7 | AAR Corp. | 2.0% | |
8 | FirstService Corp. | 1.9% | |
9 | Ollie’s Bargain Outlet Holdings, Inc. | 1.7% | |
10 | StepStone Group, Inc. | 1.6% | |
11 | Curtiss-Wright Corp. | 1.6% | |
12 | Artivion, Inc. | 1.4% | |
13 | Ascendis Pharma A/S | 1.4% | |
14 | Casella Waste Systems, Inc. | 1.4% | |
15 | Monolithic Power Systems, Inc. | 1.4% | |
16 | Semtech Corp. | 1.3% | |
17 | VSE Corp. | 1.3% | |
18 | Penumbra, Inc. | 1.3% | |
19 | Broadcom Inc. | 1.3% | |
20 | nVent Electric PLC | 1.2% | |
| Holdings are subject to change. |
Monthly Performance:
Performance | NAV | Market Price | Discount | ||
Beginning of month value | $5.86 | $5.30 | -9.6% | ||
Distributions (Ex-Date January 22nd) | $0.12 | $0.12 | |||
End of month value | $5.77 | $5.25 | -9.0% | ||
Performance for month | 0.71% | 1.32% | |||
Performance year-to-date | 0.71% | 1.32% |
Net Assets at Month-End ():
Total | $362.8 |
Equities | $364.8 |
Percent Invested | 100.5% |
Sector Breakdown* (% of equity portfolio):
Information Technology | 26.7% |
Industrials | 25.4% |
Health Care | 14.8% |
Consumer Discretionary | 13.6% |
Financials | 9.9% |
Communication Services | 6.1% |
Real Estate | 2.4% |
Consumer Staples | 1.1% |
Total Market Value | 100.0% |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS). |
New Holdings:
Arista Networks, Inc.
DigitalOcean Holdings, Inc.
Expedia, Inc.
Fifth Third Bancorp
Karman Holdings, Inc.
Marriott International, Inc., Class A
MKS, Inc.
Morgan Stanley
Stride, Inc.
York Space Systems, Inc.
Holdings Liquidated:
Advanced Micro Devices, Inc.
Bank of America Corp.
Garmin Ltd.
Legend Biotech Corp.
Natera, Inc.
Oracle Corp.
Sprouts Farmers Market, 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 2026 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 no 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, 2026 unless otherwise noted.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260213409387/en/
Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
FAQ**
What factors contributed to the performance of the Liberty All-Star Growth Fund Inc. ASG in January 2026, and how did these factors affect both the NAV and market price?
How do the distribution sources for Liberty All-Star Growth Fund Inc. ASG in 20impact shareholder returns, especially considering the lack of return of capital?
Given the concentration in the top holdings of Liberty All-Star Growth Fund Inc. ASG, how might performance be affected if any of these major companies, like NVIDIA or Apple, experience significant market volatility?
What investment strategies are being employed by the managers of Liberty All-Star Growth Fund Inc. ASG, and how are these strategies influencing the sector allocations within its equity portfolio?
**MWN-AI FAQ is based on asking OpenAI questions about Liberty All-Star Growth Fund Inc. (NYSE: ASG).
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