Liberty All-Star Equity Fund
US ˙ NYSE ˙ US5301581048

SecurityUSA / Liberty All-Star Equity Fund
InstitutionKarpus Management, Inc.
ManagerGeorge Karpus
Latest Disclosed Ownership3,116,511 shares
Latest Disclosed Value $ 17,296,635
Karpus Management, Inc. reports 70.25% increase in ownership of USA / Liberty All-Star Equity Fund

On May 14, 2026 - Karpus Management, Inc. filed a 13F-HR form disclosing ownership of 3,116,511 shares of Liberty All-Star Equity Fund (US:USA) valued at $17,296,636 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 17, 2026 disclosing 1,830,510 shares of Liberty All-Star Equity Fund. This represents a change in shares of 70.25% during the quarter. The current value of the position is $18,106,929 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F LIBERTY ALL-STAR EQUITY FUND SH BEN INT 530158104 3,116,511 1,286,001 70.25 17,297 50.47 0.5396
2026-02-17 2025-12-31 13F/A-1 LIBERTY ALL-STAR EQUITY FUND SH BEN INT 530158104 1,830,510 1,830,510 11,496 0.3530
2024-08-13 2024-06-30 13F LIBERTY ALL STAR EQUITY FD SH BEN INT SH BEN INT 530158104 0 -88,070 -100.00 0 -100.00
2024-05-13 2024-03-31 13F LIBERTY ALL STAR EQUITY FD SH BEN INT SH BEN INT 530158104 88,070 37,770 75.09 630 96.56 0.0182
2024-02-13 2023-12-31 13F LIBERTY ALL STAR EQUITY FD SH BEN INT SH BEN INT 530158104 50,300 50,300 321 0.0098
2021-08-13 2021-06-30 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 0 -846,864 -100.00 0 -100.00
2021-05-17 2021-03-31 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 846,864 -1,550,027 -64.67 6,462 -60.93 0.1953
2021-02-16 2020-12-31 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 2,396,891 381,448 18.93 16,539 36.54 0.5197
2020-11-12 2020-09-30 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 2,015,443 -6,983 -0.35 12,113 4.71 0.4379
2020-08-20 2020-06-30 13F/A-1 LIBERTY ALL STAR EQUITY FD COM 530158104 2,022,426 627,694 45.00 11,568 71.35 0.4385
2020-08-14 2020-06-30 13F LIBERTY ALL STAR EQUITY FD COM 530158104 2,022,426 627,694 11,568 453,600.2757
2020-05-18 2020-03-31 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 1,394,732 1,394,732 6,751 0.2589
2018-08-14 2018-06-30 13F LIBERTY ALL STAR EQUITY FD COM 530158104 0 -2,093,528 -100.00 0 -100.00
2018-05-14 2018-03-31 13F LIBERTY ALL STAR EQUITY FD COM 530158104 2,093,528 -1,086,048 -34.16 12,833 -35.93 0.5760
2018-02-14 2017-12-31 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 3,179,576 -1,700,775 -34.85 20,031 -31.93 0.9248
2017-12-01 2017-09-30 13F/A-1 LIBERTY ALL STAR EQUITY FD COM 530158104 4,880,351 -1,965,540 -28.71 29,429 -24.05 1.4934
2017-11-14 2017-09-30 13F LIBERTY ALL STAR EQUITY FD COM 530158104 4,880,351 -1,965,540 29,429
2017-08-14 2017-06-30 13F LIBERTY ALL STAR EQUITY FD COM 530158104 6,845,891 -1,190,795 -14.82 38,748 -11.70 1.9592
2017-05-15 2017-03-31 13F LIBERTY ALL STAR EQUITY FD COM 530158104 8,036,686 -364,831 -4.34 43,880 1.22 2.2678
2017-02-14 2016-12-31 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 8,401,517 97,470 1.17 43,352 0.78 2.4913
2016-11-14 2016-09-30 13F LIBERTY ALL STAR EQUITY FD COM 530158104 8,304,047 16,198 0.20 43,015 3.39 2.2731
2016-08-15 2016-06-30 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 8,287,849 75,916 0.92 41,605 1.94 2.1341
2016-05-13 2016-03-31 13F LIBERTY ALL STAR EQUITY FD COM 530158104 8,211,933 1,683,811 25.79 40,813 16.86 1.8553
2016-02-12 2015-12-31 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 6,528,122 474,602 7.84 34,925 13.57 1.5687
2015-11-13 2015-09-30 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 6,053,520 425,983 7.57 30,752 -4.96 1.4281
2015-08-14 2015-06-30 13F LIBERTY ALL STAR EQUITY FD COM 530158104 5,627,537 327,478 6.18 32,358 4.54 1.5176
2015-05-15 2015-03-31 13F LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 5,300,059 834,876 18.70 30,952 15.92 1.4413
2015-02-13 2014-12-31 13F LIBERTY ALL STAR EQUITY FD COM 530158104 4,465,183 333,066 8.06 26,702 10.84 1.2652
2014-11-17 2014-09-30 13F LIBERTY ALL STAR EQUITY FD COM 530158104 4,132,117 289,141 7.52 24,090 4.30 1.1677
2014-08-14 2014-06-30 13F LIBERTY ALL STAR EQUITY FD COM 530158104 3,842,976 406,347 11.82 23,096 14.30 1.1098
2014-05-15 2014-03-31 13F LIBERTY ALL STAR EQUITY FD SH COM 530158104 3,436,629 -96,834 -2.74 20,207 -4.21 1.0490
2014-02-14 2013-12-31 13F LIBERTY ALL STAR EQUITY FD COM 530158104 3,533,463 329,916 10.30 21,095 21.72 1.1731
2013-11-14 2013-09-30 13F LIBERTY ALL STAR EQUITY FD COM 530158104 3,203,547 -873,009 -21.42 17,331 -18.24 1.1056
2013-08-14 2013-06-30 13F LIBERTY ALL STAR EQUITY FUND COM 530158104 4,076,556 4,076,556 21,198 1.4806
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.