Liberty All-Star Growth Fund Inc. (NYSE: ASG) released its September 2025 monthly update, highlighting its all-cap growth investment approach managed by three specialized firms focusing on small-, mid-, and large-cap growth stocks. As of the end of September 2025, the fund's top holdings included NVIDIA Corp. (5.1%), Microsoft Corp. (3.4%), and Apple, Inc. (3.3%), comprising a combined 37.9% of the equity portfolio. The fund reported sector allocations with the largest weights in Information Technology (37.1%), Health Care (14.9%), and Consumer Discretionary (12.0%). New holdings added during the month were Alnylam Pharmaceuticals, Inc., First Watch Restaurant Group, Inc., Marvell Technology Group, Ltd., Quanta Services, Inc., and Verra Mobility Corp., while positions in Cooper Cos., Inc., Inspire Medical Systems, Inc., Miami International Holdings, Inc., PAR Technology Corp., and PROS Holdings, Inc. were liquidated. The fund noted that a portion of its 2025 distributions is currently estimated to consist of a return of capital, though the final tax characterization will be determined after year-end.