Liberty All-Star® Growth Fund, Inc. October 2025 Monthly Update
MWN-AI** Summary
The Liberty All-Star® Growth Fund, Inc. (NYSE: ASG) released its October 2025 Monthly Update, showcasing its ongoing commitment to all-cap growth investment strategies. The fund employs a multi-manager approach, utilizing three diverse growth style investment managers: Weatherbie Capital for small-cap, Congress Asset Management for mid-cap, and Westfield Capital for large-cap growth investments.
As of the end of October 2025, the fund's net assets totaled approximately $381.9 million, with about $377.5 million allocated to equities. The fund's performance for the month reflected a slight increase in net asset value (NAV) from $6.08 to $6.12, marking a monthly performance of 0.66%. However, the market price saw a minor decline to $5.54, yielding a year-to-date performance of 4.38%.
The fund's top 20 holdings comprised 38.6% of its equity portfolio, featuring major tech names such as NVIDIA Corp. (5.4%), Apple, Inc. (3.7%), and Microsoft Corp. (3.4%), indicative of a tech-heavy allocation strategy. The sector breakdown showed that Information Technology dominated at 31.6%, followed by Industrials at 23.5% and Health Care at 15.2%.
In October, the fund initiated positions in several new companies, including AbbVie, Advanced Micro Devices, and MongoDB, while liquidating positions in Costco, GoDaddy, and others. The fund's strategy underscores flexibility and responsiveness to market conditions, aiming to enhance shareholder value through strategic reallocations.
Investors are reminded that while the fund aims for growth, it is subject to market volatility and risks, including potential loss of principal. Overall, the October update reflects a continued effort to adapt and thrive within the dynamic investment landscape.
MWN-AI** Analysis
As of October 2025, the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG) continues to uphold a robust position within the all-cap growth investment space. The fund employs a diversified manager strategy, combining the strengths of Weatherbie Capital for small-cap growth, Congress Asset Management for mid-cap growth, and Westfield Capital Management for large-cap growth, providing a balanced approach to equity investment across market capitalizations.
The fund's top holdings reflect a solid focus on leading technology and innovative firms, including heavyweight stocks like NVIDIA, Apple, Microsoft, and Alphabet. This heavy allocation toward the technology sector, which makes up 31.6% of the equity portfolio, underscores its potential for high growth, albeit accompanied by increased volatility. With the industrials and healthcare sectors also comprising significant portions of the portfolio, ASG maintains a strategic balance that leverages growth potential while dampening sector-specific risks.
In October, the fund saw a slight monthly NAV increase of 0.66%, although the market price experienced a marginal decline, indicating a wider discount from NAV. This reflects an opportunity for value-conscious investors to consider an entry point as the fund trades at a 9.5% discount to NAV, presenting a potential upside as market sentiment shifts.
Year-to-date performance at 6.80% is commendable, particularly given the backdrop of fluctuating market conditions. Investors should note that this fund is not without risks, as significant fluctuations in value can occur. Observing the shift of equity investments, with new holdings being added like AbbVie and Advanced Micro Devices, suggests a proactive management approach focusing on emerging opportunities.
Informed investment decisions in funds like ASG should hinge on market assessments of technology and industrial sectors, while maintaining a keen eye on responsible risk management. As always, investors should align these insights with their personal investment goals and risk tolerance.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Below is the October 2025 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG).
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, October 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:
(38.6% of equity portfolio) | ||
1 | NVIDIA Corp. | 5.4% |
2 | Apple, Inc. | 3.7% |
3 | Microsoft Corp. | 3.4% |
4 | Alphabet, Inc. | 2.5% |
5 | Amazon.com, Inc. | 2.3% |
6 | Meta Platforms, Inc. | 2.0% |
7 | Natera, Inc. | 1.8% |
8 | Ollie’s Bargain Outlet Holdings, Inc. | 1.6% |
9 | FirstService Corp. | 1.5% |
10 | AAR Corp. | 1.5% |
11 | Ascendis Pharma A/S | 1.5% |
12 | Pure Storage, Inc. | 1.4% |
13 | Broadcom Inc. | 1.4% |
14 | EMCOR Group, Inc. | 1.3% |
15 | Artivion, Inc. | 1.3% |
16 | Curtiss-Wright Corp. | 1.3% |
17 | Semtech Corp. | 1.2% |
18 | Vertiv Holdings Co. | 1.2% |
19 | StepStone Group, Inc. | 1.2% |
20 | VSE Corp. | 1.1% |
Holdings are subject to change.
Monthly Performance:
Performance | NAV | Market Price | Discount |
Beginning of month value | $6.08 | $5.55 | -8.7% |
End of month value | $6.12 | $5.54 | -9.5% |
Performance for month | 0.66% | -0.18% | |
Performance year-to-date | 6.80% | 4.38% |
Net Assets at Month-End ():
Total | $381.9 |
Equities | $377.5 |
Percent Invested | 98.8% |
Sector Breakdown* (% of equity portfolio):
Information Technology | 31.6% |
Industrials | 23.5% |
Health Care40 | 15.2% |
Consumer Discretionary | 10.7% |
Financials | 9.0% |
Communication Services | 6.7% |
Real Estate | 2.0% |
Consumer Staples | 1.3% |
Total Market Value | 100.0% |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS).
New Holdings:
AbbVie, Inc.
Advanced Energy Industries, Inc.
Advanced Micro Devices, Inc.
AMETEK, Inc.
APi Group Corp.
Legence Corp.
MongoDB, Inc.
Tutor Perini Corp.
Holdings Liquidated:
Costco Wholesale Corp.
Descartes Systems Group, Inc.
GoDaddy, Inc.
Intercontinental Exchange, Inc.
Stride, 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 October 31, 2025 unless otherwise noted.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251114782202/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 variations seen in the Liberty All-Star Growth Fund Inc. ASG for October 2025, particularly with respect to its top holdings like NVIDIA and Apple?
How does the Liberty All-Star Growth Fund Inc. ASG's strategy of utilizing multiple growth style investment managers affect its overall risk and return profile compared to funds with a single management approach?
Given the significant presence of technology stocks in the sector breakdown, what measures is the Liberty All-Star Growth Fund Inc. ASG taking to mitigate potential volatility associated with this sector?
What is the expected impact of the new holdings added to the Liberty All-Star Growth Fund Inc. ASG on its future performance and sector diversification?
**MWN-AI FAQ is based on asking OpenAI questions about Liberty All-Star Growth Fund Inc. (NYSE: ASG).
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