Liberty All-Star® Growth Fund, Inc. December 2024 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 39.4% of the equity portfolio, with NVIDIA Corp. at 3.7%, Apple, Inc. at 3.2%, and Amazon.com, Inc. at 3.1% [3]. Monthly Performance - The net asset value (NAV) at the beginning of December 2024 was $6.35, decreasing to $6.10 by the end of the month, reflecting a monthly performance decline of -3.94% [3][7]. - Year-to-date performance shows an increase of 15.53% for NAV and 16.53% for market price [3]. Net Assets - Total net assets at month-end were $372.4 million, with $363.9 million allocated to equities, indicating a 97.7% investment rate [3]. Sector Breakdown - The equity portfolio is diversified across various sectors, with Information Technology at 29.5%, Health Care at 16.8%, and Industrials also at 16.8% [5]. New and Liquidated Holdings - New holdings added include Check Point Software Technologies, Ltd. and Lam Research Corp. [6]. - Holdings liquidated during the month include Cadence Design Systems, Inc. and SAP SE among others [7].