Liberty All-Star® Growth Fund, Inc. December 2024 Monthly Update
Liberty All-Star Growth Fund (NYSE: ASG) released its December 2024 monthly update, revealing a -3.94% NAV performance and -3.75% market price performance for the month. The fund's year-to-date performance showed gains of 15.53% (NAV) and 16.53% (market price).
The fund's total net assets were $372.4 million, with 97.7% invested in equities. The portfolio's top sector allocations were Information Technology (29.5%), Health Care (16.8%), and Industrials (16.8%). The fund's top holdings included NVIDIA (3.7%), Apple (3.2%), and Amazon (3.1%), with the top 20 holdings comprising 39.4% of the equity portfolio.
During December, the fund added Check Point Software Technologies and Lam Research while liquidating seven positions including Cadence Design Systems and SAP SE. The fund traded at a -7.4% discount to NAV at month-end.
Liberty All-Star Growth Fund (NYSE: ASG) ha pubblicato il suo aggiornamento mensile di dicembre 2024, rivelando una performance del NAV di -3,94% e una performance del prezzo di mercato di -3,75% per il mese. La performance dall'inizio dell'anno ha mostrato guadagni del 15,53% (NAV) e del 16,53% (prezzo di mercato).
Il totale degli attivi netti del fondo era di 372,4 milioni di dollari, con il 97,7% investito in azioni. Le principali allocazioni settoriali del portafoglio erano Tecnologie dell'Informazione (29,5%), Assistenza Sanitaria (16,8%) e Industriale (16,8%). Le principali partecipazioni del fondo includevano NVIDIA (3,7%), Apple (3,2%) e Amazon (3,1%), con le prime 20 partecipazioni che rappresentavano il 39,4% del portafoglio azionari.
Durante dicembre, il fondo ha aggiunto Check Point Software Technologies e Lam Research, mentre ha liquidato sette posizioni tra cui Cadence Design Systems e SAP SE. Alla fine del mese, il fondo era scambiato a uno sconto del -7,4% rispetto al NAV.
Liberty All-Star Growth Fund (NYSE: ASG) publicó su actualización mensual de diciembre de 2024, revelando un rendimiento del NAV de -3.94% y un rendimiento del precio de mercado de -3.75% para el mes. El rendimiento del fondo desde el inicio del año mostró ganancias del 15.53% (NAV) y del 16.53% (precio de mercado).
Los activos netos totales del fondo fueron de 372.4 millones de dólares, con un 97.7% invertido en acciones. Las principales asignaciones del portafolio fueron Tecnologías de la Información (29.5%), Atención Médica (16.8%) e Industriales (16.8%). Las principales participaciones del fondo incluyeron NVIDIA (3.7%), Apple (3.2%) y Amazon (3.1%), con las 20 principales participaciones que constituyen el 39.4% del portafolio de acciones.
Durante diciembre, el fondo agregó Check Point Software Technologies y Lam Research, mientras liquidaba siete posiciones que incluían Cadence Design Systems y SAP SE. Al final del mes, el fondo se negociaba con un descuento del -7.4% respecto al NAV.
리버티 올스타 성장 펀드(뉴욕증권거래소: ASG)는 2024년 12월 월간 업데이트를 발표하며 -3.94%의 NAV 성과와 -3.75%의 시장 가격 성과를 보였습니다. 올해 들어 펀드는 NAV 기준으로 15.53% 및 시장 가격 기준으로 16.53%의 수익률을 기록했습니다.
펀드의 총 순자산은 3억 7천 2백 40만 달러이며, 97.7%가 주식에 투자되고 있습니다. 포트폴리오의 주요 섹터 배분은 정보 기술(29.5%), 헬스케어(16.8%) 및 산업(16.8%)입니다. 펀드의 주요 보유 종목에는 NVIDIA(3.7%), Apple(3.2%), Amazon(3.1%)가 포함되어 있으며, 상위 20개 보유 종목이 주식 포트폴리오의 39.4%를 차지합니다.
12월 동안 펀드는 체크포인트 소프트웨어 기술과 램 리서치를 추가하였고, 카덴스 디자인 시스템과 SAP SE를 포함한 7개의 포지션을 청산하였습니다. 월말에는 NAV보다 -7.4%의 할인된 가격으로 거래되었습니다.
Liberty All-Star Growth Fund (NYSE: ASG) a publié sa mise à jour mensuelle de décembre 2024, révélant une performance du NAV de -3,94% et une performance du prix du marché de -3,75% pour le mois. La performance du fonds depuis le début de l'année a montré des gains de 15,53% (NAV) et 16,53% (prix du marché).
Les actifs nets totaux du fonds s'élevaient à 372,4 millions de dollars, avec 97,7% investis en actions. Les principales allocations sectorielles du portefeuille étaient Technologies de l'information (29,5%), Santé (16,8%) et Industries (16,8%). Les principales participations du fonds comprenaient NVIDIA (3,7%), Apple (3,2%) et Amazon (3,1%), les 20 premières participations représentant 39,4% du portefeuille d'actions.
En décembre, le fonds a ajouté Check Point Software Technologies et Lam Research tout en liquidant sept positions, y compris Cadence Design Systems et SAP SE. À la fin du mois, le fonds était négocié à une remise de -7,4% par rapport au NAV.
Liberty All-Star Growth Fund (NYSE: ASG) veröffentlichte sein monatliches Update für Dezember 2024 und gab eine NAV-Performance von -3,94% sowie eine Marktpreis-Performance von -3,75% für den Monat bekannt. Die Performance des Fonds seit Jahresbeginn zeigte Gewinne von 15,53% (NAV) und 16,53% (Marktpreis).
Die gesamten Nettovermögen des Fonds beliefen sich auf 372,4 Millionen Dollar, wobei 97,7% in Aktien investiert sind. Die wichtigsten Sektorallokationen des Portfolios waren Informationstechnologie (29,5%), Gesundheitswesen (16,8%) und Industrie (16,8%). Die Top-Beteiligungen des Fonds umfassten NVIDIA (3,7%), Apple (3,2%) und Amazon (3,1%), wobei die Top 20 Beteiligungen 39,4% des Aktienportfolios ausmachten.
Im Dezember fügte der Fonds Check Point Software Technologies und Lam Research hinzu, während sieben Positionen, darunter Cadence Design Systems und SAP SE, liquidiert wurden. Am Monatsende wurde der Fonds mit einem Rabatt von -7,4% auf den NAV gehandelt.
- YTD performance shows strong gains of 15.53% NAV and 16.53% market price
- High investment rate with 97.7% of assets invested in equities
- Well-diversified portfolio across growth sectors
- Slight improvement in discount to NAV from -7.6% to -7.4%
- Negative monthly performance with -3.94% NAV decline
- Significant portfolio turnover with seven positions liquidated
Insights
The December 2024 update reveals several noteworthy developments for Liberty All-Star Growth Fund. The fund experienced a
The fund's strategic repositioning through portfolio adjustments is significant - liquidating 7 positions including established names like Cadence Design Systems and SAP SE, while adding only 2 new holdings (Check Point Software and Lam Research). This 2.9:1 ratio of deletions to additions suggests a more concentrated portfolio strategy.
The persistent discount to NAV of
The fund's positioning reflects a clear bet on secular growth themes, with significant exposure to artificial intelligence through holdings like NVIDIA (
The portfolio restructuring appears defensive, reducing exposure to semi-cyclical tech names while maintaining core positions in market leaders. The addition of Check Point Software suggests increased focus on cybersecurity, while Lam Research provides exposure to semiconductor capital equipment - both secular growth areas with different cyclical characteristics than the liquidated positions.
The sector allocation reveals a thoughtful balance between high-growth technology exposure and more stable sectors like healthcare and industrials, providing some buffer against market volatility while maintaining growth potential. The relatively low allocation to consumer discretionary (
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, December 2024
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: | ||
( | ||
1 | NVIDIA Corp. | 3.7 % |
2 | Apple, Inc. | 3.2 % |
3 | Amazon.com, Inc. | 3.1 % |
4 | Microsoft Corp. | 2.8 % |
5 | Alphabet, Inc. | 2.6 % |
6 | SPS Commerce, Inc. | 2.1 % |
7 | Meta Platforms, Inc. | 2.0 % |
8 | Ollie's Bargain Outlet Holdings, Inc. | 2.0 % |
9 | Natera, Inc. | 2.0 % |
10 | FirstService Corp. | 1.9 % |
11 | Semtech Corp. | 1.7 % |
12 | Upstart Holdings, Inc. | 1.7 % |
13 | Casella Waste Systems, Inc. | 1.6 % |
14 | StepStone Group, Inc. | 1.5 % |
15 | Visa, Inc. | 1.4 % |
16 | Tandem Diabetes Care, Inc. | 1.3 % |
17 | Hamilton Lane, Inc. | 1.3 % |
18 | Dexcom, Inc. | 1.3 % |
19 | ServiceNow, Inc. | 1.1 % |
20 | TransDigm Group, Inc. | 1.1 % |
Holdings are subject to change. | ||
Monthly Performance: | |||
Performance | NAV | Market Price | Discount |
Beginning of month value | -7.6 % | ||
End of month value | -7.4 % | ||
Performance for month | -3.94 % | -3.75 % | |
Performance year-to-date | 15.53 % | 16.53 % |
Net Assets at Month-End ($millions): | |
Total | |
Equities | |
Percent Invested | 97.7 % |
Sector Breakdown* (% of equity portfolio): | |
Information Technology | 29.5 % |
Health Care | 16.8 % |
Industrials | 16.8 % |
Financials | 12.9 % |
Consumer Discretionary | 9.9 % |
Communication Services | 6.3 % |
Consumer Staples | 4.3 % |
Real Estate | 1.9 % |
Materials | 0.9 % |
Energy | 0.7 % |
Total Market Value | 100.0 % |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS). | |
New Holdings:
Check Point Software Technologies, Ltd.
Lam Research Corp.
Holdings Liquidated:
Cadence Design Systems, Inc.
Fabrinet
Hologic, Inc.
Intapp, Inc.
MYR Group, Inc.
Pool Corp.
SAP SE
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 2024 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, 2024 unless otherwise noted.
Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
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SOURCE Liberty All-Star Growth Fund, Inc.
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