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Liberty All-Star Growth Fund, Inc.: December 2024 Monthly Update

On January 14, 2025, the Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its Monthly Update for December 2024, providing investors with a comprehensive overview of its performance and investment strategy.

Investment Approach and Managers

The Liberty All-Star Growth Fund adopts an all-cap growth style, combining the expertise of three distinguished growth-focused investment managers:
1. Weatherbie Capital, LLC - Specializes in small-cap growth.
2. Congress Asset Management Company, LLC - Focuses on mid-cap growth.
3. Westfield Capital Management Company, L.P. - Concentrates on large-cap growth.

This diverse strategy allows the fund to capture growth opportunities across various market capitalizations, closely monitored by the Fund's Investment Advisor.

Top Holdings and Portfolio Composition

As of the end of December 2024, the fund's top 20 holdings made up 39.4% of the total equity portfolio. Notable companies include:

• - NVIDIA Corp. - 3.7%
• - Apple, Inc. - 3.2%
• - Amazon.com, Inc. - 3.1%
• - Microsoft Corp. - 2.8%
• - Alphabet, Inc. - 2.6%

These large technology firms dominate the fund’s portfolio, indicating a strong oversight on sectors that are expected to continue performing well.

Monthly Performance Metrics

The performance metrics for December paint a detailed picture:

• - Beginning NAV: $6.35
• - Ending NAV: $6.10
• - Performance for the month: -3.94%
• - Year-to-Date Performance: 15.53%

This indicates a slight dip in the fund's value compared to the previous month, demonstrating the inherent market fluctuations and volatility.

Sector Analysis

The sector breakdown reveals that a significant portion of the portfolio is concentrated in key areas:

• - Information Technology: 29.5%
• - Health Care: 16.8%
• - Industrials: 16.8%
• - Financials: 12.9%

This allocation reflects a strategic focus on sectors anticipated to drive substantial returns, further emphasizing the fund’s growth-oriented nature.

Recent Adjustments

In line with its investment strategy, the fund made notable adjustments during the month:

• - New Holdings: Check Point Software Technologies, Ltd. and Lam Research Corp. joined the portfolio.
• - Liquidated Holdings: Companies like Cadence Design Systems, Inc. and Hologic, Inc. were removed, showing a tactical shift towards potentially more rewarding investments.

Conclusion

As Liberty All-Star Growth Fund moves into 2025, investors should keep a close eye on its performance and portfolio adjustments to harness growth opportunities. This evolving landscape offers insights into the fund's commitment to fostering long-term value while navigating the complexities of the financial market.

All data is as of December 31, 2024, and reflects the fund's ongoing dedication to delivering solid investment results.