Vault-13

LIBERTY ALL STAR EQUITY FD USA

SH BEN INT · Closed-End Fund · CUSIP 530158104

193 institutional holders +1 vs Q1 2025
36,883,17236.9m shares reported held*
$251.6mreported value*
16 new 70 added 48 reduced 15 sold out net bought ≈ $31.5m (+4.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $6.82.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 162Q4 22: 175Q1 23: 167Q2 23: 168Q3 23: 177Q4 23: 185Q1 24: 180Q2 24: 183Q3 24: 178Q4 24: 194Q1 25: 192Q2 25: 193193Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022162
Q4 2022175
Q1 2023167
Q2 2023168
Q3 2023177
Q4 2023185
Q1 2024180
Q2 2024183
Q3 2024178
Q4 2024194
Q1 2025192
Q2 2025193

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 94 bought or addedQ3 23: 47 cut or sold outQ4 23: 64 bought or addedQ4 23: 73 cut or sold outQ4 23Q1 24: 114 bought or addedQ1 24: 52 cut or sold outQ2 24: 99 bought or addedQ2 24: 60 cut or sold outQ2 24Q3 24: 97 bought or addedQ3 24: 52 cut or sold outQ4 24: 72 bought or addedQ4 24: 58 cut or sold outQ4 24Q1 25: 102 bought or addedQ1 25: 62 cut or sold outQ2 25: 86 bought or addedQ2 25: 63 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20239447
Q4 20236473
Q1 202411452
Q2 20249960
Q3 20249752
Q4 20247258
Q1 202510262
Q2 20258663

Biggest buyers

ROYAL BANK OF CANADA Added +2,058,975+2.1m
READYSTATE ASSET MANAGEMENT LP Added +595,385+595.4k
Shaker Financial Services, LLC Added +483,702+483.7k
Balyasny Asset Management L.P. New +357,023+357.0k
LPL Financial LLC Added +167,579+167.6k
RAYMOND JAMES FINANCIAL INC Added +164,295+164.3k
MINDSET WEALTH MANAGEMENT, LLC Added +162,794+162.8k
Westbourne Investment Advisors, Inc. New +162,000+162.0k
Cornerstone Advisors, LLC Added +157,510+157.5k
WOLVERINE ASSET MANAGEMENT LLC Added +149,952+150.0k

Biggest sellers

Steward Partners Investment Advisory, LLC Reduced -201,050-201.1k
Advisors Asset Management, Inc. Reduced -177,172-177.2k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -85,766-85.8k
UBS Group AG Reduced -78,751-78.8k
Cambridge Investment Research Advisors, Inc. Reduced -76,104-76.1k
GUGGENHEIM CAPITAL LLC Reduced -53,461-53.5k
INTEGRITY ALLIANCE, LLC. Sold out -44,943-44.9k
BANK OF AMERICA CORP /DE/ Reduced -41,277-41.3k
Advisor Resource Council Sold out -38,302-38.3k
Jaffetilchin Investment Partners, LLC Reduced -29,509-29.5k

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q3 23: 1 buyingQ3 23: 0 sellingQ4 23: 1 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20231$6.3k0——
Q4 20231$12.8k0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-05-19 MILAS ROBERT Access Person of the Fund · Shares of Beneficial Interest Bought 1,500 $6.66 $10.0k1.5k shares +69%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 4,536,0234.5m $30.9m $30.9m 0.01% Added +167.6k +167,579
2 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,962,2044.0m $27.0m $27.0m 0.00% Added +2.1m +2,058,975
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,406,4323.4m $23.2m $23.2m 0.00% Added +121.5k +121,527
4 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 3,205,9443.2m $21.8m $21.8m 0.01% Added +164.3k +164,295
5 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,742,0691.7m $11.9m $11.9m 0.00% Added +54.2k +54,193
6 Bensler, LLC 1.30% of their portfolio Bellevue, WA 1,706,9771.7m $11.6m $11.6m 1.30% Added +20.2k +20,169
7 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 1,201,8191.2m $8.2m $8.2m 0.02% Added +23.8k +23,817
8 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 936,473936.5k $6.4m $6.4m 0.01% Added +103.6k +103,551
9 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 812,532812.5k $5.5m $5.5m 0.04% Reduced -53.5k -53,461
10 Shaker Financial Services, LLC 1.99% of their portfolio Arlington, VA 803,925803.9k $5.5m $5.5m 1.99% Added +483.7k +483,702
11 Penserra Capital Management LLC 0.08% of their portfolio ORINDA, CA 790,710790.7k $5.4m $5.4m 0.08% Added +23.4k +23,374
12 READYSTATE ASSET MANAGEMENT LP 0.18% of their portfolio CHICAGO, IL 639,319639.3k $4.4m $4.4m 0.18% Added +595.4k +595,385
13 INDEPENDENT FINANCIAL GROUP, LLC 0.10% of their portfolio SAN DIEGO, CA 534,970535.0k $3.6m $3.6m 0.10% Added +32.0k +31,991
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 531,719531.7k $3.6m $3.6m 0.00% Added +116.9k +116,887
15 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 507,575507.6k $3.5m $3.5m 0.01% Reduced -85.8k -85,766
16 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 453,344453.3k $3.1m $3.1m 0.00% Added +28.6k +28,583
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 447,391447.4k $3.0m $3.0m 0.00% Reduced -78.8k -78,751
18 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 419,742419.7k $2.9m $2.9m 0.00% Added +389 +389
19 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 419,289419.3k $2.9m $2.9m 0.00% Added +18.9k +18,882
20 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 381,011381.0k $2.6m $2.6m 0.00% Added +24.8k +24,805
21 Cornerstone Advisors, LLC 0.09% of their portfolio ASHEVILLE, NC 377,247377.2k $2.6m $2.6m 0.09% Added +157.5k +157,510
22 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 372,357372.4k $2.5m $2.5m 0.00% Reduced -310 -310
23 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 366,940366.9k $2.5m $2.5m 0.01% Reduced -76.1k -76,104
24 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 357,023357.0k $2.4m $2.4m 0.01% New
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 324,711324.7k $2.2m $2.2m 0.00% Reduced -41.3k -41,277
26 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 319,295319.3k $2.2m $2.2m 0.01% Reduced -14.4k -14,354
27 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 270,000270.0k $1.8m $1.8m 0.00% Unchanged
28 MINDSET WEALTH MANAGEMENT, LLC 0.53% of their portfolio INDIANAPOLIS, IN 235,904235.9k $1.6m $1.6m 0.53% Added +162.8k +162,794
29 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 201,493201.5k $1.4m $1.4m 0.01% Added +14.1k +14,067
30 FLYNN ZITO CAPITAL MANAGEMENT, LLC 0.56% of their portfolio GARDEN CITY, NY 194,221194.2k $1.3m $1.3m 0.56% Added +1.3k +1,297
31 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 190,298190.3k $1.3m $1.3m 0.02% Added +150.0k +149,952
32 PRINCIPAL SECURITIES, INC. 0.02% of their portfolio DES MOINES, IA 187,417187.4k $1.3m $1.3m 0.02% Added +109.4k +109,370
33 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 186,262186.3k $1.3m $1.3m 0.03% Added +307 +307
34 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 183,088183.1k $1.2m $1.2m 0.01% Added +14.5k +14,460
35 Mariner, LLC 0.00% of their portfolio Overland Park, KS 171,966172.0k $1.2m $1.2m 0.00% Added +14.5k +14,459
36 ASHTON THOMAS SECURITIES, LLC 0.28% of their portfolio ROCHESTER, NY 169,575169.6k $1.2m $1.2m 0.28% Added +1.3k +1,285
37 Westbourne Investment Advisors, Inc. 0.33% of their portfolio ANNAPOLIS, MD 162,000162.0k $1.1m $1.1m 0.33% New
38 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 159,353159.4k $1.1m $1.1m 0.00% Added +2.9k +2,851
39 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 158,868158.9k $1.1m $1.1m 0.01% Reduced -1.5k -1,458
40 Live Oak Private Wealth LLC 0.16% of their portfolio WILMINGTON, NC 158,585158.6k $1.1m $1.1m 0.16% Unchanged
41 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 157,124157.1k $1.1m $1.1m 0.00% Added +142.1k +142,111
42 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 150,460150.5k $1.0m $1.0m 0.01% Reduced -4.2k -4,157
43 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.01% of their portfolio CINCINNATI, OH 150,236150.2k $1.0m $1.0m 0.01% Unchanged
44 RB Capital Management, LLC 0.22% of their portfolio RENO, NV 143,094143.1k $974.5k $974.5k 0.22% Reduced -2.1k -2,078
45 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 141,054141.1k $960.6k $960.6k 0.00% Reduced -2.7k -2,728
46 Patten Group, Inc. 0.18% of their portfolio CHATTANOOGA, TN 125,899125.9k $857.4k $857.4k 0.18% Reduced -406 -406
47 Samalin Investment Counsel, LLC 0.31% of their portfolio CHAPPAQUA, NY 116,756116.8k $795.1k $795.1k 0.31% Added +3.2k +3,214
48 Ascentis Independent Advisors 0.14% of their portfolio DALLAS, TX 110,929110.9k $755.4k $755.4k 0.14% Reduced -660 -660
49 KINGSWOOD WEALTH ADVISORS, LLC 0.06% of their portfolio SAN DIEGO, CA 109,692109.7k $747.0k $747.0k 0.06% Reduced -2.2k -2,230
50 Triumph Capital Management 0.22% of their portfolio DENVER, CO 106,874106.9k $727.8k $727.8k 0.22% Added +6.3k +6,325
51 Advisors Asset Management, Inc. 0.01% of their portfolio Monument, CO 106,002106.0k $721.9k $721.9k 0.01% Reduced -177.2k -177,172
52 Clear Creek Financial Management, LLC 0.07% of their portfolio SILVERDALE, WA 104,857104.9k $714.1k $714.1k 0.07% Unchanged
53 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 104,821104.8k $714.0k $714.0k 0.02% Reduced -3.0k -3,012
54 Abel Hall, LLC 0.32% of their portfolio BATON ROUGE, LA 103,000103.0k $701.4k $701.4k 0.32% New
55 Stockman Wealth Management, Inc. 0.09% of their portfolio BILLINGS, MT 99,56399.6k $678.0k $678.0k 0.09% Unchanged
56 Institute for Wealth Management, LLC. 0.07% of their portfolio DENVER, CO 87,53387.5k $596.1k $596.1k 0.07% Added +8.8k +8,837
57 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 84,40484.4k $574.8k $574.8k 0.01% Unchanged
58 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 81,70881.7k $556.4k $556.4k 0.00% Added +78.9k +78,900
59 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 80,86780.9k $550.7k $550.7k 0.00% Reduced -2.2k -2,172
60 WealthTrust Asset Management, LLC 0.40% of their portfolio Destin, FL 78,68978.7k $535.9k $535.9k 0.40% Reduced -18.1k -18,052
61 Mezzasalma Advisors, LLC 0.15% of their portfolio TINTON FALLS, NJ 73,73473.7k $502.1k $502.1k 0.15% Added +1.5k +1,542
62 StoneX Group Inc. 0.02% of their portfolio NEW YORK, NY 64,47764.5k $439.1k $439.1k 0.02% Reduced -9.1k -9,079
63 PFG Investments, LLC 0.03% of their portfolio WOODBURY, NY 64,23964.2k $437.5k $437.5k 0.03% Reduced -10.2k -10,228
64 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 63,44563.4k $434.4k $434.4k 0.01% Reduced -18.8k -18,837
65 Elequin Capital, LP 0.06% of their portfolio NEW YORK, NY 63,35163.4k $431.4k $431.4k 0.06% Added +35.0k +35,028
66 Heritage Wealth Management, Inc. 0.13% of their portfolio CINCINNATI, OH 59,31959.3k $404.0k $404.0k 0.13% Reduced -23.4k -23,356
67 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 57,09657.1k $388.8k $388.8k 0.01% Reduced -1.1k -1,086
68 NWF Advisory Services Inc. 0.04% of their portfolio Los Angeles, CA 55,15855.2k $375.6k $375.6k 0.04% Added +1.2k +1,195
69 MCDONALD PARTNERS LLC 0.09% of their portfolio CLEVELAND, OH 53,68253.7k $365.6k $365.6k 0.09% Added +1.2k +1,172
70 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 48,34948.3k $329.3k $329.3k 0.00% Reduced -201.1k -201,050
71 Sage Capital Advisors,llc 0.08% of their portfolio SIOUX FALLS, SD 47,86147.9k $325.9k $325.9k 0.08% Reduced -4.5k -4,538
72 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 45,57745.6k $310.4k $310.4k 0.01% Unchanged
73 MSH Capital Advisors LLC 0.09% of their portfolio SCOTTSDALE, AZ 44,27044.3k $301.5k $301.5k 0.09% Added +1.5k +1,500
74 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 42,99643.0k $292.8k $292.8k 0.00% Added +221 +221
75 AlphaCore Capital LLC 0.01% of their portfolio LA JOLLA, CA 38,56438.6k $262.6k $262.6k 0.01% Reduced -3.7k -3,658
76 LANARK FINANCIAL, INC. 0.02% of their portfolio BIRMINGHAM, AL 37,35237.4k $254.0k $254.0k 0.02% Added +815 +815
77 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 36,97037.0k $251.0k $251.0k 0.00% Reduced -23.9k -23,876
78 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 34,84434.8k $237.3k $237.3k 0.00% Added +317 +317
79 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 34,36234.4k $234.0k $234.0k 0.00% Added +2.9k +2,902
80 Quad-Cities Investment Group, LLC 0.11% of their portfolio DAVENPORT, IA 34,20934.2k $233.0k $233.0k 0.11% Added +745 +745
81 Altus Wealth Group LLC 0.10% of their portfolio COLORADO SPRINGS, CO 34,12234.1k $232.4k $232.4k 0.10% Unchanged
82 Astoria Portfolio Advisors LLC. 0.06% of their portfolio NEW YORK, NY 32,89632.9k $218.1k $218.1k 0.06% Reduced -586 -586
83 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 32,59232.6k $221.9k $221.9k 0.00% New
84 Annex Advisory Services, LLC 0.01% of their portfolio BROOKFIELD, WI 30,91430.9k $210.5k $210.5k 0.01% Unchanged
85 ELCO Management Co., LLC 0.10% of their portfolio New York, NY 28,45428.5k $193.8k $193.8k 0.10% Unchanged
86 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 28,41928.4k $193.5k $193.5k 0.00% Reduced -6.5k -6,536
87 Onyx Bridge Wealth Group LLC 0.02% of their portfolio TARRYTOWN, NY 27,27627.3k $185.7k $185.7k 0.02% Added +1.1k +1,105
88 David J Yvars Group 0.11% of their portfolio UNIVERSITY PARK, FL 27,17927.2k $185.1k $185.1k 0.11% Added +4.6k +4,640
89 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 27,01927.0k $184.0k $184.0k 0.00% Reduced -1.1k -1,072
90 Quantum Private Wealth, LLC 0.06% of their portfolio TAMPA, FL 26,71526.7k $181.9k $181.9k 0.06% Reduced -10.0k -10,000
91 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio ORLANDO, FL 26,37926.4k $179.6k $179.6k 0.01% Added +4.5k +4,488
92 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 26,14326.1k $178.0k $178.0k 0.00% Reduced -4.5k -4,495
93 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 25,67425.7k $174.8k $174.8k 0.00% New
94 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 25,19325.2k $171.6k $171.6k 0.00% Added +180 +180
95 CARY STREET PARTNERS FINANCIAL LLC 0.00% of their portfolio RICHMOND, VA 25,12525.1k $171.1k $171.1k 0.00% Unchanged
96 NorthCoast Asset Management LLC 0.00% of their portfolio STAMFORD, CT 24,85024.9k $169.2k $169.2k 0.00% Unchanged
97 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 24,58524.6k $167.4k $167.4k 0.00% Added +8.2k +8,233
98 OLIVER LAGORE VANVALIN INVESTMENT GROUP 0.06% of their portfolio FLINT, MI 23,95724.0k $156.9k $156.9k 0.06% First filing
99 ECLECTIC ASSOCIATES INC /ADV 0.03% of their portfolio FULLERTON, CA 23,36323.4k $159.1k $159.1k 0.03% Added +510 +510
100 LEVEL FOUR ADVISORY SERVICES, LLC 0.01% of their portfolio DALLAS, TX 23,01823.0k $156.8k $156.8k 0.01% New