Liberty All-Star® Growth Fund, Inc. February 2025 Monthly Update

Investment Approach - The Liberty All-Star Growth Fund, Inc. employs an all-cap growth investment style, utilizing three distinct growth style investment managers focusing on small-, mid-, and large-cap companies [1][4]. Top Holdings - The top 20 holdings represent 39.5% of the equity portfolio, with NVIDIA Corp. at 3.5%, Amazon.com, Inc. at 3.1%, and Apple, Inc. at 3.0% [3]. Monthly Performance - The net asset value (NAV) at the beginning of February was $6.19, decreasing to$5.70 by the end of the month, reflecting a performance decline of -7.92% for the month and -4.47% year-to-date [3][9]. - The market price also decreased from $5.70 to$5.24, resulting in a discount of -8.1% at month-end [3]. Net Assets - Total net assets at month-end were $348.3 million, with$347.0 million invested in equities, indicating a 99.6% investment rate [3]. Sector Breakdown - The equity portfolio is diversified across various sectors, with Information Technology at 28.8%, Industrials at 17.4%, and Health Care at 16.1% [3][5]. New and Liquidated Holdings - New holdings added include Axon Enterprise, Inc., Camtek, Ltd., and Datadog, Inc. [6]. - Holdings liquidated during the month include Block, Inc. and Valvoline, Inc. [7].