SHARES
|
MARKET VALUE
|
|||||||
COMMON STOCKS (98.26%)
|
||||||||
CONSUMER DISCRETIONARY (19.08%)
|
||||||||
Auto Components (0.45%)
|
||||||||
Gentherm, Inc.(a)
|
12,798
|
$
|
532,269
|
|||||
Diversified Consumer Services (1.19%)
|
||||||||
2U, Inc.(a)(b)
|
22,243
|
502,692
|
||||||
Nord Anglia Education, Inc.(a)(b)
|
42,715
|
892,316
|
||||||
1,395,008
|
||||||||
Hotels, Restaurants & Leisure (3.79%)
|
||||||||
Chipotle Mexican Grill, Inc.(a)
|
2,428
|
1,143,515
|
||||||
Chuy's Holdings, Inc.(a)
|
17,797
|
552,953
|
||||||
The Habit Restaurants, Inc., Class A(a)(b)
|
31,855
|
593,459
|
||||||
Planet Fitness, Inc., Class A(a)(b)
|
13,986
|
227,132
|
||||||
Starbucks Corp.
|
12,880
|
768,936
|
||||||
Wynn Resorts Ltd.(b)
|
12,400
|
1,158,532
|
||||||
4,444,527
|
||||||||
Household Durables (1.22%)
|
||||||||
Harman International Industries, Inc.
|
16,050
|
1,429,092
|
||||||
Internet & Catalog Retail (4.81%)
|
||||||||
Amazon.com, Inc.(a)
|
2,542
|
1,509,033
|
||||||
The Priceline Group, Inc.(a)
|
1,214
|
1,564,798
|
||||||
TripAdvisor, Inc.(a)
|
11,500
|
764,750
|
||||||
Wayfair, Inc., Class A(a)(b)
|
41,542
|
1,795,445
|
||||||
5,634,026
|
||||||||
Multiline Retail (0.22%)
|
||||||||
Ollie's Bargain Outlet Holdings, Inc.(a)
|
11,135
|
260,893
|
||||||
Specialty Retail (3.74%)
|
||||||||
CarMax, Inc.(a)
|
15,000
|
766,500
|
||||||
Dick's Sporting Goods, Inc.
|
28,450
|
1,330,038
|
||||||
Francesca's Holdings Corp.(a)
|
34,115
|
653,643
|
||||||
Lowe's Cos., Inc.
|
21,540
|
1,631,655
|
||||||
4,381,836
|
||||||||
Textiles, Apparel & Luxury Goods (3.66%)
|
||||||||
Kate Spade & Co.(a)
|
15,800
|
403,216
|
||||||
NIKE, Inc., Class B
|
26,170
|
1,608,670
|
||||||
Skechers U.S.A., Inc., Class A(a)
|
38,650
|
1,176,892
|
||||||
Under Armour, Inc., Class A(a)
|
13,000
|
1,102,790
|
||||||
4,291,568
|
||||||||
CONSUMER STAPLES (9.05%)
|
||||||||
Beverages (2.14%)
|
||||||||
The Boston Beer Co., Inc., Class A(a)(b)
|
5,550
|
1,027,138
|
SHARES
|
MARKET VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
Beverages (continued)
|
||||||||
Constellation Brands, Inc., Class A
|
5,000
|
$
|
755,450
|
|||||
Monster Beverage Corp.(a)
|
5,450
|
726,921
|
||||||
2,509,509
|
||||||||
Food & Staples Retailing (2.66%)
|
||||||||
PriceSmart, Inc.
|
7,304
|
617,772
|
||||||
United Natural Foods, Inc.(a)
|
29,650
|
1,194,895
|
||||||
Whole Foods Market, Inc.
|
41,990
|
1,306,309
|
||||||
3,118,976
|
||||||||
Food Products (3.02%)
|
||||||||
Blue Buffalo Pet Products, Inc.(a)(b)
|
16,400
|
420,824
|
||||||
The Hain Celestial Group, Inc.(a)
|
38,300
|
1,566,853
|
||||||
Mondelez International, Inc., Class A
|
38,816
|
1,557,298
|
||||||
3,544,975
|
||||||||
Household Products (1.23%)
|
||||||||
Colgate-Palmolive Co.
|
20,390
|
1,440,554
|
||||||
ENERGY (2.69%)
|
||||||||
Energy Equipment & Services (2.69%)
|
||||||||
Core Laboratories NV(b)
|
10,994
|
1,235,835
|
||||||
Dril-Quip, Inc.(a)
|
1,237
|
74,913
|
||||||
Geospace Technologies Corp.(a)(b)
|
6,034
|
74,460
|
||||||
Natural Gas Services Group, Inc.(a)
|
20,819
|
450,315
|
||||||
Schlumberger Ltd.
|
17,920
|
1,321,600
|
||||||
3,157,123
|
||||||||
FINANCIALS (11.69%)
|
||||||||
Banks (0.20%)
|
||||||||
Independent Bank Group, Inc.
|
7,237
|
198,294
|
||||||
Peapack Gladstone Financial Corp.
|
1,968
|
33,259
|
||||||
231,553
|
||||||||
Capital Markets (2.62%)
|
||||||||
Evercore Partners, Inc., Class A
|
6,483
|
335,495
|
||||||
Financial Engines, Inc.(b)
|
4,924
|
154,761
|
||||||
State Street Corp.
|
23,789
|
1,392,132
|
||||||
Virtus Investment Partners, Inc.
|
5,898
|
460,693
|
||||||
WisdomTree Investments, Inc.(b)
|
63,550
|
726,377
|
||||||
3,069,458
|
||||||||
Commercial Banks (1.50%)
|
||||||||
Signature Bank(a)
|
12,931
|
1,760,168
|
||||||
Consumer Finance (1.53%)
|
||||||||
Visa, Inc., Class A
|
23,520
|
1,798,809
|
SHARES
|
MARKET VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
Diversified Financial Services (0.80%)
|
||||||||
MarketAxess Holdings, Inc.
|
7,500
|
$
|
936,225
|
|||||
Insurance (0.69%)
|
||||||||
Greenlight Capital Re Ltd., Class A(a)
|
28,648
|
624,240
|
||||||
United Insurance Holdings Corp.
|
9,881
|
189,814
|
||||||
814,054
|
||||||||
Real Estate Investment Trusts (1.41%)
|
||||||||
Equinix, Inc.
|
5,001
|
1,653,881
|
||||||
Real Estate Management & Development (1.39%)
|
||||||||
FirstService Corp.
|
39,714
|
1,625,891
|
||||||
Thrifts & Mortgage Finance (1.55%)
|
||||||||
BofI Holding, Inc.(a)(b)
|
84,847
|
1,810,635
|
||||||
HEALTH CARE (15.18%)
|
||||||||
Biotechnology (4.91%)
|
||||||||
ACADIA Pharmaceuticals, Inc.(a)(b)
|
36,699
|
1,026,104
|
||||||
Amgen, Inc.
|
9,410
|
1,410,841
|
||||||
BioMarin Pharmaceutical, Inc.(a)
|
6,950
|
573,236
|
||||||
Incyte Corp.(a)
|
5,200
|
376,844
|
||||||
Puma Biotechnology, Inc.(a)(b)
|
10,699
|
314,230
|
||||||
Regeneron Pharmaceuticals, Inc.(a)
|
2,870
|
1,034,463
|
||||||
Ultragenyx Pharmaceutical, Inc.(a)
|
16,013
|
1,013,783
|
||||||
5,749,501
|
||||||||
Health Care Equipment & Supplies (2.20%)
|
||||||||
Insulet Corp.(a)
|
28,108
|
932,061
|
||||||
Intuitive Surgical, Inc.(a)
|
1,350
|
811,418
|
||||||
West Pharmaceutical Services, Inc.
|
12,050
|
835,306
|
||||||
2,578,785
|
||||||||
Health Care Providers & Services (2.28%)
|
||||||||
Diplomat Pharmacy, Inc.(a)(b)
|
54,485
|
1,492,889
|
||||||
ExamWorks Group, Inc.(a)
|
38,815
|
1,147,371
|
||||||
U.S. Physical Therapy, Inc.
|
756
|
37,596
|
||||||
2,677,856
|
||||||||
Health Care Technology (2.61%)
|
||||||||
Athenahealth, Inc.(a)
|
7,633
|
1,059,308
|
||||||
Cerner Corp.(a)
|
36,903
|
1,954,383
|
||||||
Press Ganey Holdings, Inc.(a)
|
1,459
|
43,886
|
||||||
3,057,577
|
||||||||
Life Sciences Tools & Services (1.49%)
|
||||||||
Illumina, Inc.(a)
|
3,550
|
575,490
|
SHARES
|
MARKET VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
Life Sciences Tools & Services (continued)
|
||||||||
INC Research Holdings, Inc., Class A(a)
|
28,450
|
$
|
1,172,425
|
|||||
1,747,915
|
||||||||
Pharmaceuticals (1.69%)
|
||||||||
Aerie Pharmaceuticals, Inc.(a)(b)
|
21,289
|
258,874
|
||||||
Horizon Pharma PLC(a)
|
43,000
|
712,510
|
||||||
Valeant Pharmaceuticals International, Inc.(a)
|
38,500
|
1,012,550
|
||||||
1,983,934
|
||||||||
INDUSTRIALS (13.78%)
|
||||||||
Aerospace & Defense (1.61%)
|
||||||||
HEICO Corp.
|
31,338
|
1,884,355
|
||||||
Air Freight & Logistics (0.34%)
|
||||||||
XPO Logistics, Inc.(a)(b)
|
12,973
|
398,271
|
||||||
Commercial Services & Supplies (2.00%)
|
||||||||
The Advisory Board Co.(a)
|
15,167
|
489,136
|
||||||
Waste Connections, Inc.
|
28,631
|
1,849,276
|
||||||
2,338,412
|
||||||||
Electrical Equipment (0.69%)
|
||||||||
Rockwell Automation, Inc.
|
7,150
|
813,312
|
||||||
Machinery (3.75%)
|
||||||||
Graco, Inc.
|
9,350
|
785,026
|
||||||
Middleby Corp.(a)
|
23,384
|
2,496,710
|
||||||
Proto Labs, Inc.(a)(b)
|
4,311
|
332,335
|
||||||
Wabtec Corp.
|
9,800
|
777,042
|
||||||
4,391,113
|
||||||||
Professional Services (3.72%)
|
||||||||
IHS, Inc., Class A(a)
|
6,523
|
809,896
|
||||||
Paylocity Holding Corp.(a)
|
59,634
|
1,952,417
|
||||||
Stantec, Inc.
|
1,578
|
40,018
|
||||||
TriNet Group, Inc.(a)
|
2,214
|
31,771
|
||||||
WageWorks, Inc.(a)
|
30,211
|
1,528,979
|
||||||
4,363,081
|
||||||||
Road & Rail (1.31%)
|
||||||||
Kansas City Southern
|
11,199
|
956,954
|
||||||
Landstar System, Inc.
|
8,937
|
577,420
|
||||||
1,534,374
|
||||||||
Trading Companies & Distribution (0.36%)
|
||||||||
H&E Equipment Services, Inc.
|
24,378
|
427,346
|
SHARES
|
MARKET VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
INFORMATION TECHNOLOGY (24.00%)
|
||||||||
Electronic Equipment & Instruments (0.46%)
|
||||||||
IPG Photonics Corp.(a)
|
5,630
|
$
|
540,930
|
|||||
Internet Software & Services (5.80%)
|
||||||||
Alphabet, Inc., Class C(a)
|
1,858
|
1,384,117
|
||||||
Cornerstone OnDemand, Inc.(a)
|
33,700
|
1,104,349
|
||||||
Demandware, Inc.(a)(b)
|
21,500
|
840,650
|
||||||
Facebook, Inc., Class A(a)
|
8,530
|
973,273
|
||||||
GTT Communications, Inc.(a)
|
36,959
|
611,302
|
||||||
LinkedIn Corp., Class A(a)
|
8,660
|
990,271
|
||||||
SPS Commerce, Inc.(a)
|
8,524
|
366,020
|
||||||
Textura Corp.(a)
|
1,614
|
30,069
|
||||||
Twitter, Inc.(a)
|
29,800
|
493,190
|
||||||
6,793,241
|
||||||||
IT Services (3.52%)
|
||||||||
Automatic Data Processing, Inc.
|
16,205
|
1,453,751
|
||||||
EPAM Systems, Inc.(a)
|
16,659
|
1,243,927
|
||||||
FleetCor Technologies, Inc.(a)
|
9,577
|
1,424,579
|
||||||
4,122,257
|
||||||||
Semiconductors & Semiconductor Equipment (2.22%)
|
||||||||
ARM Holdings PLC(c)
|
41,839
|
1,827,946
|
||||||
M/A-COM Technology Solutions Holdings, Inc.(a)
|
17,708
|
775,433
|
||||||
2,603,379
|
||||||||
Software (11.98%)
|
||||||||
ANSYS, Inc.(a)
|
4,300
|
384,678
|
||||||
Fleetmatics Group PLC(a)
|
33,659
|
1,370,258
|
||||||
Globant SA(a)(b)
|
22,758
|
702,312
|
||||||
Imperva, Inc.(a)
|
8,150
|
411,575
|
||||||
Proofpoint, Inc.(a)
|
11,250
|
605,025
|
||||||
RealPage, Inc.(a)
|
41,929
|
873,800
|
||||||
Red Hat, Inc.(a)
|
22,889
|
1,705,460
|
||||||
Salesforce.com, Inc.(a)
|
16,512
|
1,219,081
|
||||||
SAP SE(b)(c)
|
9,590
|
771,228
|
||||||
ServiceNow, Inc.(a)
|
17,000
|
1,040,060
|
||||||
Splunk, Inc.(a)
|
22,667
|
1,109,096
|
||||||
Tableau Software, Inc., Class A(a)
|
16,600
|
761,442
|
||||||
The Ultimate Software Group, Inc.(a)
|
10,304
|
1,993,824
|
||||||
Workday, Inc., Class A(a)(b)
|
14,200
|
1,091,128
|
||||||
14,038,967
|
||||||||
Technology Hardware Storage & Equipment (0.02%)
|
||||||||
Stratasys Ltd.(a)(b)
|
1,105
|
28,642
|
SHARES
|
MARKET VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
MATERIALS (2.35%)
|
||||||||
Chemicals (2.35%)
|
||||||||
Ecolab, Inc.
|
14,488
|
$
|
1,615,702
|
|||||
Monsanto Co.
|
13,000
|
1,140,620
|
||||||
2,756,322
|
||||||||
TELECOMMUNICATION SERVICES (0.44%)
|
||||||||
Diversified Telecommunication (0.44%)
|
||||||||
inContact, Inc.(a)
|
58,241
|
517,763
|
||||||
TOTAL COMMON STOCKS
|
||||||||
(COST OF $94,347,126)
|
115,188,363
|
|||||||
PAR VALUE/ SHARES
|
MARKET VALUE
|
|||||||
SHORT TERM INVESTMENTS (14.49%)
|
||||||||
REPURCHASE AGREEMENT (2.28%)
|
||||||||
Repurchase agreement with State Street Bank & Trust Co., dated 3/31/16, due 04/01/16 at 0.01%, collateralized by United States Treasury Bond, 2.125%, 09/30/21, market value of $2,732,736 and par value of $2,630,000. (Repurchase proceeds of $2,671,001).
|
||||||||
(COST OF $2,671,000)
|
$
|
2,671,000
|
$
|
2,671,000
|
||||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LOANED (12.21%)
|
||||||||
State Street Navigator Securities Lending Prime Portfolio, 0.50%
|
||||||||
(COST OF $14,306,948)
|
14,306,948
|
14,306,948
|
||||||
TOTAL SHORT TERM INVESTMENTS
|
||||||||
(COST OF $16,977,948)
|
16,977,948
|
|||||||
TOTAL INVESTMENTS (112.75%)
|
||||||||
(COST OF $111,325,074)(d)
|
132,166,311
|
|||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-12.75%)
|
(14,944,584
|
)
|
||||||
NET ASSETS (100.00%)
|
$
|
117,221,727
|
||||||
NET ASSET VALUE PER SHARE
|
||||||||
(25,776,493 SHARES OUTSTANDING)
|
$
|
4.55
|
(a)
|
Non-income producing security.
|
(b)
|
Security, or a portion of the security position, is currently on loan. The total market value of securities on loan is $14,010,745.
|
(c)
|
American Depositary Receipt.
|
(d)
|
Cost of investments for federal income tax purposes is $112,523,862.
|
Gross unrealized appreciation and depreciation at March 31, 2016 based on cost of investments for federal income tax purposes is as follows:
|
||||
Gross unrealized appreciation
|
$
|
26,887,285
|
||
Gross unrealized depreciation
|
(7,244,836
|
)
|
||
Net unrealized appreciation
|
$
|
19,642,449
|
Level 1
|
|
–
|
|
Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date;
|
Level 2
|
|
–
|
|
Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and
|
Level 3
|
|
–
|
|
Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.
|
Valuation Inputs
|
||||||||||||||||
Investments in Securities at
Value* |
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Common Stocks
|
$
|
115,188,363
|
$
|
–
|
$
|
–
|
$
|
115,188,363
|
||||||||
Short Term Investment
|
–
|
2,671,000
|
–
|
2,671,000
|
||||||||||||
Investments Purchased with Collateral from Securities Loaned
|
14,306,948
|
–
|
–
|
14,306,948
|
||||||||||||
Total
|
$
|
129,495,311
|
$
|
2,671,000
|
$
|
–
|
$
|
132,166,311
|
(a) | The registrant's Principal Executive Officer and Principal Financial Officer have evaluated the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date. |
(b) | There was no change in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) during registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. |
LIBERTY ALL-STAR GROWTH FUND, INC.
|
|||
By:
|
/s/ William Parmentier
|
||
William Parmentier
|
|||
President (principal executive officer)
|
|||
Date:
|
May 24, 2016
|
By:
|
/s/ William Parmentier
|
||
William Parmentier
|
|||
President (principal executive officer)
|
|||
Date:
|
May 24, 2016
|
||
By:
|
/s/ Kimberly Storms
|
||
Kimberly Storms
|
|||
Treasurer (principal financial officer)
|
|||
Date:
|
May 24, 2016
|