Liberty All-Star® Equity Fund February 2026 Monthly Update
MWN-AI** Summary
The Liberty All-Star® Equity Fund (NYSE: USA) reported a monthly performance update for February 2026, highlighting its investment strategy and portfolio composition. The fund operates under a large-cap core approach, integrating the expertise of three value-oriented and two growth-oriented managers to effectively capitalize on diverse opportunities in the equity market. Value managers include Aristotle Capital Management, Fiduciary Management, and Pzena Investment Management, while the growth segment is represented by Sustainable Growth Advisers and TCW Investment Management.
As of the end of February, the fund's top 20 holdings comprised 35.7% of its equity portfolio, with notable positions in technology giants like NVIDIA (4.6%) and Alphabet (3.9%), alongside major players such as Microsoft (3.7%), Amazon (2.2%), and Broadcom (2.0%). The overall net asset value (NAV) of the fund stood at approximately $1.98 billion, with total investments fully allocated to equities.
Despite a slight dip in performance, the fund recorded a monthly decrease of 1.05% in NAV and 1.16% in market price, with year-to-date figures at -0.93% and -1.77%, respectively. The fund’s market price was observed at $5.99, reflecting a discount of 9.0% from its NAV of $6.58.
Sector allocation shows a strong emphasis on information technology (23.2%) and financials (19.2%), while health care and industrials also represent significant portions of the portfolio. During the month, CSX Corp., Gartner Inc., and Tyler Technologies were liquidated, with no new holdings added.
Overall, the fund continues to exhibit a balanced approach, catering to investors who can tolerate the inherent market fluctuations and risks associated with equity investments.
MWN-AI** Analysis
The Liberty All-Star Equity Fund (NYSE: USA) has displayed resilience despite recent market challenges, evidenced by a month-end NAV of $6.58, down just 1.05%, while the market price fell faster at a rate of 1.16%. This slight decrease reflects a discount of 9.0% to NAV, indicating investors may be underselling shares relative to the intrinsic value as encapsulated by the NAV.
The fund’s investment strategy is robust, leveraging an amalgamation of three value-oriented and two growth-oriented investment managers. Notable top holdings such as NVIDIA, Alphabet, and Microsoft underscore the fund’s heavy allocation towards technology, which constitutes 23.2% of the portfolio. With ongoing advancements in AI and cloud computing, tech sector investments could yield significant long-term returns. However, increasing interest rates and potential regulatory scrutiny pose risks to these high-growth stocks.
The financial sector follows closely behind at 19.2%, providing stability amid macroeconomic fluctuations. Companies like Wells Fargo and Visa are positioned to benefit from rising interest rates, potentially enhancing profitability. Moreover, the solid representation from healthcare and industrial sectors (totaling 24.4%) facilitates diversity within the fund, balancing growth prospects with safety.
Investors should remain aware of the fund’s current performance, which reflects concerns lingering from inflation and geopolitical tensions. A year-to-date decline of 0.93% suggests caution.
For prospective investors, the current discount offers an opportunity to enter at a reduced cost. Still, potential buyers should consider market volatility. Continuously monitoring macroeconomic indicators and sector performances will be crucial for maintaining a well-informed investment strategy. Engage with financial advisors to evaluate individual risk tolerance before diving into this fund.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Below is the February 2026 Monthly Update for the Liberty All-Star Equity Fund (NYSE: USA).
Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, February 2026
Investment Approach:
Fund Style: Large-Cap Core
Fund Strategy: Combines three value-style and two growth-style investment managers. Those selected demonstrate a consistent investment philosophy, decision making process, continuity of key people and above-average long-term results compared to managers with similar styles.
Investment Managers:
Value Managers:
- Aristotle Capital Management, LLC
- Fiduciary Management, Inc.
- Pzena Investment Management, LLC
Growth Managers:
- Sustainable Growth Advisers, LP
- TCW Investment Management Company
Top 20 Holdings at Month-End: | ||
(35.7% of equity portfolio) | ||
1 | NVIDIA Corp. | 4.6% |
2 | Alphabet, Inc. | 3.9% |
3 | Microsoft Corp. | 3.7% |
4 | Amazon.com, Inc. | 2.2% |
5 | Broadcom Inc. | 2.0% |
6 | Capital One Financial Corp. | 1.8% |
7 | Meta Platforms, Inc. | 1.7% |
8 | Visa, Inc. | 1.5% |
9 | Charles Schwab Corp. | 1.5% |
10 | Fresenius Medical Care AG | 1.3% |
11 | Wells Fargo & Co. | 1.2% |
12 | Ecolab, Inc. | 1.2% |
13 | Ferguson Enterprises, Inc. | 1.2% |
14 | CVS Health Corp. | 1.2% |
15 | Booking Holdings, Inc. | 1.2% |
16 | Baxter International, Inc. | 1.1% |
17 | Parker-Hannifin Corp. | 1.1% |
18 | Avery Dennison Corp. | 1.1% |
19 | Mastercard, Inc. | 1.1% |
20 | Magna International, Inc. | 1.1% |
Holdings are subject to change. |
Monthly Performance: | |||
Performance | NAV | Market Price | Discount |
Beginning of month value | $6.65 | $6.06 | -8.9% |
End of month value | $6.58 | $5.99 | -9.0% |
Performance for month | -1.05% | -1.16% | |
Performance year-to-date | -0.93% | -1.77% |
Net Assets at Month-End (): | |
Total | $1,984.5 |
Equities | $1,988.8 |
Percent Invested | 100.2% |
Sector Breakdown* (% of equity portfolio): | |
Information Technology | 23.2% |
Financials | 19.2% |
Health Care | 13.8% |
Industrials | 10.6% |
Consumer Discretionary | 10.5% |
Communication Services | 7.0% |
Materials | 5.9% |
Consumer Staples | 5.7% |
Energy | 2.0% |
Utilities | 1.4% |
Real Estate | 0.7% |
Total Market Value | 100.0% |
*Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS). |
New Holdings:
None
Holdings Liquidated:
CSX Corp.
Gartner, Inc.
Tyler Technologies, Inc.
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 2026 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 February 28, 2026 unless otherwise noted.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260313243313/en/
Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
FAQ**
How has the investment strategy of the Liberty All-Star Equity Fund USA evolved in response to market changes since its inception?
What specific performance metrics are used to evaluate the success of the value managers versus the growth managers in the Liberty All-Star Equity Fund USA?
In the context of the Liberty All-Star Equity Fund USA, how do market price fluctuations impact shareholder returns, particularly in relation to NAV?
Can you elaborate on the sectors that the Liberty All-Star Equity Fund USA is currently invested in and how these reflect broader market trends as of February 2026?
**MWN-AI FAQ is based on asking OpenAI questions about Liberty All-Star Equity Fund (NYSE: USA).
NASDAQ: USA
USA Trading
0.88% G/L:
$5.705 Last:
605,678 Volume:
$5.67 Open:
