SHARES
|
MARKET
VALUE
|
|||||||
COMMON STOCKS (97.97%)
|
||||||||
CONSUMER DISCRETIONARY (17.48%)
|
||||||||
Auto Components (1.32%)
|
||||||||
Dorman Products, Inc.(a)
|
22,727
|
$
|
1,452,255
|
|||||
Gentherm, Inc.(a)
|
7,145
|
224,496
|
||||||
1,676,751
|
||||||||
Diversified Consumer Services (0.84%)
|
||||||||
2U, Inc.(a)
|
11,209
|
429,193
|
||||||
Nord Anglia Education, Inc.(a)(b)
|
29,469
|
641,835
|
||||||
1,071,028
|
||||||||
Hotels, Restaurants & Leisure (3.92%)
|
||||||||
Chipotle Mexican Grill, Inc.(a)
|
3,554
|
1,505,119
|
||||||
Chuy's Holdings, Inc.(a)
|
23,416
|
654,243
|
||||||
Planet Fitness, Inc., Class A(a)(b)
|
40,254
|
807,898
|
||||||
Starbucks Corp.
|
22,746
|
1,231,468
|
||||||
Texas Roadhouse, Inc.
|
20,000
|
780,600
|
||||||
4,979,328
|
||||||||
Household Durables (1.03%)
|
||||||||
GoPro, Inc., Class A(a)(b)
|
29,546
|
492,827
|
||||||
Helen of Troy Ltd.(a)
|
9,500
|
818,615
|
||||||
1,311,442
|
||||||||
Internet & Catalog Retail (3.56%)
|
||||||||
Amazon.com, Inc.(a)
|
1,982
|
1,659,549
|
||||||
The Priceline Group, Inc.(a)
|
992
|
1,459,718
|
||||||
Wayfair, Inc., Class A(a)(b)
|
35,863
|
1,411,926
|
||||||
4,531,193
|
||||||||
Media (0.75%)
|
||||||||
Scripps Networks Interactive, Inc., Class A
|
15,000
|
952,350
|
||||||
Multiline Retail (0.68%)
|
||||||||
Ollie's Bargain Outlet Holdings, Inc.(a)(b)
|
32,778
|
859,112
|
||||||
Specialty Retail (3.02%)
|
||||||||
Foot Locker, Inc.
|
17,500
|
1,185,100
|
||||||
Francesca's Holdings Corp.(a)
|
55,851
|
861,781
|
||||||
Lowe's Companies, Inc.
|
24,759
|
1,787,847
|
||||||
3,834,728
|
||||||||
Textiles, Apparel & Luxury Goods (2.36%)
|
||||||||
Carter's, Inc.
|
9,500
|
823,745
|
||||||
G-III Apparel Group Ltd.(a)
|
23,000
|
670,450
|
||||||
NIKE, Inc., Class B
|
28,737
|
1,513,003
|
||||||
3,007,198
|
SHARES
|
MARKET
VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
CONSUMER STAPLES (4.82%)
|
||||||||
Food & Staples Retailing (0.97%)
|
||||||||
Whole Foods Market, Inc.
|
43,200
|
$
|
1,224,720
|
|||||
Food Products (1.91%)
|
||||||||
The Hain Celestial Group, Inc.(a)
|
20,000
|
711,600
|
||||||
Mondelez International, Inc., Class A
|
39,097
|
1,716,358
|
||||||
2,427,958
|
||||||||
Household Products (1.94%)
|
||||||||
Church & Dwight Co., Inc.
|
20,000
|
958,400
|
||||||
Colgate-Palmolive Co.
|
20,390
|
1,511,715
|
||||||
2,470,115
|
||||||||
ENERGY (2.66%)
|
||||||||
Energy Equipment & Services (2.66%)
|
||||||||
Core Laboratories NV(b)
|
16,971
|
1,906,352
|
||||||
Natural Gas Services Group, Inc.(a)
|
921
|
22,647
|
||||||
Schlumberger Ltd.
|
18,540
|
1,457,986
|
||||||
3,386,985
|
||||||||
FINANCIALS (8.33%)
|
||||||||
Banks (0.42%)
|
||||||||
Independent Bank Group, Inc.
|
12,119
|
535,296
|
||||||
Capital Markets (2.06%)
|
||||||||
Financial Engines, Inc.
|
5,066
|
150,511
|
||||||
Raymond James Financial, Inc.
|
18,500
|
1,076,885
|
||||||
State Street Corp.
|
11,666
|
812,303
|
||||||
Virtus Investment Partners, Inc.(b)
|
6,000
|
587,160
|
||||||
2,626,859
|
||||||||
Commercial Banks (1.82%)
|
||||||||
Signature Bank(a)
|
19,519
|
2,312,026
|
||||||
Consumer Finance (1.39%)
|
||||||||
Visa, Inc., Class A
|
21,363
|
1,766,720
|
||||||
Diversified Financial Services (0.83%)
|
||||||||
FactSet Research Systems, Inc.
|
6,500
|
1,053,650
|
||||||
Insurance (0.84%)
|
||||||||
Greenlight Capital Re Ltd., Class A(a)
|
31,755
|
649,072
|
||||||
United Insurance Holdings Corp.
|
24,806
|
421,206
|
||||||
1,070,278
|
SHARES
|
MARKET
VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
Thrifts & Mortgage Finance (0.97%)
|
||||||||
BofI Holding, Inc.(a)(b)
|
54,995
|
$
|
1,231,888
|
|||||
HEALTH CARE (15.40%)
|
||||||||
Biotechnology (3.91%)
|
||||||||
ACADIA Pharmaceuticals, Inc.(a)
|
7,282
|
231,640
|
||||||
Amgen, Inc.
|
9,410
|
1,569,682
|
||||||
Puma Biotechnology, Inc.(a)
|
14,884
|
997,972
|
||||||
Regeneron Pharmaceuticals, Inc.(a)
|
3,128
|
1,257,519
|
||||||
Ultragenyx Pharmaceutical, Inc.(a)
|
12,884
|
913,991
|
||||||
4,970,804
|
||||||||
Health Care Equipment & Supplies (2.75%)
|
||||||||
The Cooper Cos., Inc.
|
6,000
|
1,075,560
|
||||||
Insulet Corp.(a)
|
32,140
|
1,315,812
|
||||||
ResMed, Inc.
|
17,000
|
1,101,430
|
||||||
3,492,802
|
||||||||
Health Care Provider & Services (0.15%)
|
||||||||
Adeptus Health, Inc.(a)(b)
|
4,278
|
184,168
|
||||||
Health Care Providers & Services (2.05%)
|
||||||||
Diplomat Pharmacy, Inc.(a)(b)
|
5,324
|
149,125
|
||||||
Henry Schein, Inc.(a)
|
6,000
|
977,880
|
||||||
U.S. Physical Therapy, Inc.
|
6,931
|
434,574
|
||||||
VCA, Inc.(a)
|
15,000
|
1,049,700
|
||||||
2,611,279
|
||||||||
Health Care Technology (2.81%)
|
||||||||
Cerner Corp.(a)
|
29,151
|
1,800,074
|
||||||
Cotiviti Holdings, Inc.(a)
|
52,646
|
1,765,221
|
||||||
3,565,295
|
||||||||
Life Sciences Tools & Services (2.46%)
|
||||||||
Cambrex Corp.(a)
|
20,000
|
889,200
|
||||||
Medpace Holdings, Inc.(a)
|
1,454
|
43,416
|
||||||
Mettler-Toledo International, Inc.(a)
|
2,500
|
1,049,575
|
||||||
PAREXEL International Corp.(a)
|
16,500
|
1,145,925
|
||||||
3,128,116
|
||||||||
Pharmaceuticals (1.27%)
|
||||||||
Aerie Pharmaceuticals, Inc.(a)(b)
|
22,986
|
867,492
|
||||||
Novo Nordisk AS(c)
|
18,092
|
752,446
|
||||||
1,619,938
|
||||||||
INDUSTRIALS (15.51%)
|
||||||||
Aerospace & Defense (1.77%)
|
||||||||
B/E Aerospace, Inc.
|
20,000
|
1,033,200
|
SHARES
|
MARKET
VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
Aerospace & Defense (continued)
|
||||||||
HEICO Corp.
|
17,604
|
$
|
1,218,197
|
|||||
2,251,397
|
||||||||
Air Freight & Logistics (0.48%)
|
||||||||
XPO Logistics, Inc.(a)(b)
|
16,534
|
606,302
|
||||||
Building Products (1.70%)
|
||||||||
Lennox International, Inc.
|
7,000
|
1,099,210
|
||||||
Masco Corp.
|
31,000
|
1,063,610
|
||||||
2,162,820
|
||||||||
Commercial Services & Supplies (1.90%)
|
||||||||
The Advisory Board Co.(a)
|
29,950
|
1,339,963
|
||||||
Cintas Corp.
|
9,500
|
1,069,700
|
||||||
2,409,663
|
||||||||
Electrical Equipment (0.83%)
|
||||||||
Acuity Brands, Inc.
|
4,000
|
1,058,400
|
||||||
Machinery (3.15%)
|
||||||||
Middleby Corp.(a)
|
20,654
|
2,553,248
|
||||||
Proto Labs, Inc.(a)(b)
|
7,720
|
462,505
|
||||||
Snap-on, Inc.
|
6,500
|
987,740
|
||||||
4,003,493
|
||||||||
Professional Services (3.56%)
|
||||||||
Equifax, Inc.
|
7,500
|
1,009,350
|
||||||
Paylocity Holding Corp.(a)
|
33,294
|
1,480,251
|
||||||
Robert Half International, Inc.
|
24,000
|
908,640
|
||||||
WageWorks, Inc.(a)
|
18,453
|
1,123,972
|
||||||
4,522,213
|
||||||||
Road & Rail (1.39%)
|
||||||||
J.B. Hunt Transport Services, Inc.
|
12,000
|
973,680
|
||||||
Kansas City Southern
|
8,549
|
797,793
|
||||||
1,771,473
|
||||||||
Trading Companies & Distribution (0.73%)
|
||||||||
H&E Equipment Services, Inc.
|
21,586
|
361,781
|
||||||
SiteOne Landscape Supply, Inc.(a)
|
15,773
|
566,724
|
||||||
928,505
|
||||||||
INFORMATION TECHNOLOGY (28.42%)
|
||||||||
Communications Equipment (0.88%)
|
||||||||
F5 Networks, Inc.(a)
|
9,000
|
1,121,760
|
||||||
Electronic Equipment & Instruments (2.95%)
|
||||||||
Cognex Corp.
|
23,000
|
1,215,780
|
SHARES
|
MARKET
VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
Electronic Equipment & Instruments (continued)
|
||||||||
IPG Photonics Corp.(a)
|
30,823
|
$
|
2,538,274
|
|||||
3,754,054
|
||||||||
Internet Software & Services (6.06%)
|
||||||||
Alphabet, Inc., Class C(a)
|
2,104
|
1,635,418
|
||||||
Facebook, Inc., Class A(a)
|
6,860
|
879,932
|
||||||
GTT Communications, Inc.(a)
|
85,769
|
2,018,145
|
||||||
SPS Commerce, Inc.(a)
|
20,409
|
1,498,225
|
||||||
Stamps.com, Inc.(a)(b)
|
17,628
|
1,666,022
|
||||||
7,697,742
|
||||||||
IT Services (5.62%)
|
||||||||
Alliance Data Systems Corp.(a)
|
5,082
|
1,090,242
|
||||||
Automatic Data Processing, Inc.
|
16,205
|
1,429,281
|
||||||
EPAM Systems, Inc.(a)
|
15,011
|
1,040,412
|
||||||
FleetCor Technologies, Inc.(a)
|
9,838
|
1,709,156
|
||||||
Genpact Ltd.(a)
|
37,000
|
886,150
|
||||||
Jack Henry & Associates, Inc.
|
11,500
|
983,825
|
||||||
7,139,066
|
||||||||
Semiconductors & Semiconductor Equipment (2.02%)
|
||||||||
MACOM Technology Solutions Holdings, Inc.(a)
|
35,973
|
1,523,097
|
||||||
Monolithic Power Systems, Inc.
|
13,000
|
1,046,500
|
||||||
2,569,597
|
||||||||
Software (9.15%)
|
||||||||
Ebix, Inc.(b)
|
8,139
|
462,702
|
||||||
Everbridge, Inc.(a)
|
19,371
|
326,595
|
||||||
Fleetmatics Group PLC(a)
|
19,674
|
1,180,047
|
||||||
Globant SA(a)(b)
|
27,571
|
1,161,291
|
||||||
Manhattan Associates, Inc.(a)
|
15,000
|
864,300
|
||||||
RealPage, Inc.(a)
|
34,323
|
882,101
|
||||||
Red Hat, Inc.(a)
|
18,163
|
1,468,115
|
||||||
Salesforce.com, Inc.(a)
|
20,467
|
1,459,911
|
||||||
SAP SE(b)(c)
|
13,572
|
1,240,617
|
||||||
Synopsys, Inc.(a)
|
18,000
|
1,068,300
|
||||||
The Ultimate Software Group, Inc.(a)
|
7,414
|
1,515,347
|
||||||
11,629,326
|
||||||||
Technology Hardware Storage & Equipment (1.74%)
|
||||||||
Apple, Inc.
|
16,694
|
1,887,256
|
||||||
Stratasys Ltd.(a)(b)
|
13,664
|
329,166
|
||||||
2,216,422
|
||||||||
MATERIALS (2.16%)
|
||||||||
Chemicals (2.16%)
|
||||||||
Ecolab, Inc.
|
13,741
|
1,672,554
|
SHARES
|
MARKET
VALUE
|
|||||||
COMMON STOCKS (continued)
|
||||||||
Chemicals (continued)
|
||||||||
International Flavors & Fragrances, Inc.
|
7,500
|
$
|
1,072,275
|
|||||
2,744,829
|
||||||||
REAL ESTATE (3.19%)
|
||||||||
Real Estate Investment Trusts (1.74%)
|
||||||||
Camden Property Trust
|
12,000
|
1,004,880
|
||||||
Equinix, Inc.
|
3,347
|
1,205,757
|
||||||
2,210,637
|
||||||||
Real Estate Management & Development (1.45%)
|
||||||||
FirstService Corp.
|
39,533
|
1,845,400
|
||||||
TOTAL COMMON STOCKS
|
||||||||
(COST OF $102,188,358)
|
124,545,126
|
|||||||
SHORT TERM INVESTMENTS (10.54%)
|
||||||||
MONEY MARKET FUND (2.40%)
|
||||||||
State Street Institutional U.S. Government Money Market Fund, 0.27%(d)
|
||||||||
(COST OF $3,051,123)
|
3,051,123
|
3,051,123
|
||||||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LOANED (8.14%)
|
||||||||
State Street Navigator Securities Lending Prime Portfolio, 0.30%
|
||||||||
(COST OF $10,351,696)
|
10,351,696
|
10,351,696
|
||||||
TOTAL SHORT TERM INVESTMENTS
|
||||||||
(COST OF $13,402,819)
|
13,402,819
|
|||||||
TOTAL INVESTMENTS (108.51%)
|
||||||||
(COST OF $115,591,177)(e)
|
137,947,945
|
|||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-8.51%)
|
(10,826,408
|
)
|
||||||
NET ASSETS (100.00%)
|
$
|
127,121,537
|
||||||
NET ASSET VALUE PER SHARE
|
||||||||
(26,152,284 SHARES OUTSTANDING)
|
$
|
4.86
|
(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 $12,374,854.
|
(c)
|
American Depositary Receipt.
|
(d)
|
Rate reflects seven-day effective yield on September 30, 2016.
|
(e)
|
Cost of investments for federal income tax purposes is $116,939,885.
|
Gross unrealized appreciation and depreciation at September 30, 2016 based on cost of investments for federal income tax purposes is as follows:
|
||||
Gross unrealized appreciation
|
$
|
23,726,890
|
||
Gross unrealized depreciation
|
(2,718,830
|
)
|
||
Net unrealized appreciation
|
$
|
21,008,060
|
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
|
$
|
124,545,126
|
$
|
–
|
$
|
–
|
$
|
124,545,126
|
||||||||
Short Term Investment
|
3,051,123
|
–
|
–
|
3,051,123
|
||||||||||||
Investments Purchased with Collateral from Securities Loaned
|
10,351,696
|
–
|
–
|
10,351,696
|
||||||||||||
Total
|
$
|
137,947,945
|
$
|
–
|
$
|
–
|
$
|
137,947,945
|
*
|
See Schedule of Investments for industry classifications.
|
(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:
|
November 21, 2016
|
By:
|
/s/ William Parmentier
|
||
William Parmentier
|
|||
President (principal executive officer)
|
|||
Date:
|
November 21, 2016
|
||
By:
|
/s/ Kimberly Storms
|
||
Kimberly Storms
|
|||
Treasurer (principal financial officer)
|
|||
Date:
|
November 21, 2016
|