Liberty All-Star Growth Fund Reports 0.7% NAV Increase in January 2026

Closed-end fund sees tech and industrial stocks make up over half of portfolio

Published on Feb. 14, 2026

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The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) reported a 0.7% increase in net asset value (NAV) for the month of January 2026, ending the month trading at a 9% discount. The fund's portfolio is now composed of over 50% technology and industrial stocks, reflecting the investment strategy of combining three growth-focused managers with distinct capitalization focuses.

Why it matters

The Liberty All-Star Growth Fund's performance and portfolio composition provide insight into the current state of the markets, with technology and industrial sectors continuing to be strong performers. The fund's discount to NAV also highlights the dynamics of the closed-end fund structure, where market price can diverge from underlying asset value.

The details

The Liberty All-Star Growth Fund reported a 0.7% increase in NAV for January 2026, ending the month at $5.77 per share. The fund's market price also increased 1.32% to $5.25 per share, trading at a 9% discount to NAV. The fund's portfolio is now composed of over 50% technology and industrial stocks, with top holdings including NVIDIA, Apple, Alphabet, and Microsoft. The fund made several changes to its portfolio during the month, adding new positions in companies like Arista Networks, DigitalOcean, and Marriott International, while liquidating stakes in firms like Advanced Micro Devices and Oracle.

  • The Liberty All-Star Growth Fund reported its January 2026 monthly update on February 13, 2026.
  • The fund's shares trade ex-dividend on January 22nd.

The players

Liberty All-Star Growth Fund, Inc.

A closed-end investment fund that combines three growth-style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap).

Weatherbie Capital, LLC

The fund's small-cap growth investment manager.

Congress Asset Management Company, LLP

The fund's mid-cap growth investment manager.

Westfield Capital Management Company, L.P.

The fund's large-cap growth investment manager.

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The takeaway

The Liberty All-Star Growth Fund's performance and portfolio composition highlight the continued strength of the technology and industrial sectors, as well as the dynamics of the closed-end fund structure where the market price can diverge from the underlying net asset value.