Vault-13

LIBERTY ALL STAR EQUITY FD USA

SH BEN INT · Closed-End Fund · CUSIP 530158104

209 institutional holders +16 vs Q2 2025
41,843,92941.8m shares reported held*
$265.9mreported value*
31 new 87 added 36 reduced 14 sold out net bought ≈ $30.2m (+4.8m 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 ≈ $6.35.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 162Q4 22: 175Q1 23: 167Q2 23: 168Q3 23: 177Q4 23: 185Q1 24: 180Q2 24: 183Q3 24: 178Q4 24: 194Q1 25: 192Q2 25: 193Q3 25: 209209Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025209

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 64 bought or addedQ4 23: 73 cut or sold outQ1 24: 114 bought or addedQ1 24: 52 cut or sold outQ1 24Q2 24: 99 bought or addedQ2 24: 60 cut or sold outQ3 24: 97 bought or addedQ3 24: 52 cut or sold outQ3 24Q4 24: 72 bought or addedQ4 24: 58 cut or sold outQ1 25: 102 bought or addedQ1 25: 62 cut or sold outQ1 25Q2 25: 86 bought or addedQ2 25: 63 cut or sold outQ3 25: 118 bought or addedQ3 25: 50 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20236473
Q1 202411452
Q2 20249960
Q3 20249752
Q4 20247258
Q1 202510262
Q2 20258663
Q3 202511850

Biggest buyers

RIVERNORTH CAPITAL MANAGEMENT, LLC New +2,018,714+2.0m
RAYMOND JAMES FINANCIAL INC Added +889,061+889.1k
Polar Asset Management Partners Inc. New +752,232+752.2k
Cornerstone Advisors, LLC Added +658,380+658.4k
1607 Capital Partners, LLC New +628,404+628.4k
Shaker Financial Services, LLC Added +503,698+503.7k
WOLVERINE ASSET MANAGEMENT LLC Added +492,854+492.9k
Integrated Wealth Concepts LLC Added +383,296+383.3k
ABSOLUTE INVESTMENT ADVISERS, LLC New +368,500+368.5k
WELLS FARGO & COMPANY/MN Added +292,472+292.5k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,946,362-1.9m
Bensler, LLC Reduced -1,691,382-1.7m
COMMONWEALTH EQUITY SERVICES, LLC Reduced -175,499-175.5k
JANE STREET GROUP, LLC Reduced -97,072-97.1k
Balyasny Asset Management L.P. Reduced -65,265-65.3k
Cambridge Investment Research Advisors, Inc. Reduced -63,382-63.4k
Elequin Capital, LP Sold out -63,351-63.4k
OSAIC HOLDINGS, INC. Reduced -54,395-54.4k
J.W. COLE ADVISORS, INC. Reduced -38,450-38.5k
PNC Financial Services Group, Inc. Reduced -37,370-37.4k

Insider purchases and sales in Q3 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
101Q4 23: 1 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 1 buyingQ3 25: 0 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20231$12.8k0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20251$9.9k0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-09-09 HALEY MARK T President · Shares of Beneficial Interest Bought 1,500 $6.58 $9.9k1.5k shares +1%

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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 4,651,4504.7m $29.5m $29.5m 0.01% Added +115.4k +115,427
2 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 4,095,0054.1m $26.0m $26.0m 0.01% Added +889.1k +889,061
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,409,5233.4m $21.6m $21.6m 0.00% Added +3.1k +3,091
4 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.73% of their portfolio WEST PALM BEACH, FL 2,018,7142.0m $12.8m $12.8m 0.73% New
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,015,8422.0m $12.8m $12.8m 0.00% Reduced -1.9m -1,946,362
6 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,741,8171.7m $11.0m $11.0m 0.00% Reduced -252 -252
7 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 1,316,8291.3m $8.3m $8.3m 0.02% Added +115.0k +115,010
8 Shaker Financial Services, LLC 2.84% of their portfolio Arlington, VA 1,307,6231.3m $8.3m $8.3m 2.84% Added +503.7k +503,698
9 Cornerstone Advisors, LLC 0.22% of their portfolio ASHEVILLE, NC 1,035,6271.0m $6.6m $6.6m 0.22% Added +658.4k +658,380
10 Penserra Capital Management LLC 0.07% of their portfolio ORINDA, CA 976,416976.4k $6.2m $6.2m 0.07% Added +185.7k +185,706
11 READYSTATE ASSET MANAGEMENT LP 0.28% of their portfolio CHICAGO, IL 898,123898.1k $5.7m $5.7m 0.28% Added +258.8k +258,804
12 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 882,078882.1k $5.8m $5.8m 0.01% Reduced -54.4k -54,395
13 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 876,092876.1k $5.6m $5.6m 0.04% Added +63.6k +63,560
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 824,191824.2k $5.2m $5.2m 0.00% Added +292.5k +292,472
15 Polar Asset Management Partners Inc. 0.10% of their portfolio TORONTO, A6 752,232752.2k $4.8m $4.8m 0.10% New
16 WOLVERINE ASSET MANAGEMENT LLC 0.06% of their portfolio CHICAGO, IL 683,152683.2k $4.3m $4.3m 0.06% Added +492.9k +492,854
17 1607 Capital Partners, LLC 0.30% of their portfolio Richmond, VA 628,404628.4k $4.0m $4.0m 0.30% New
18 INDEPENDENT FINANCIAL GROUP, LLC 0.08% of their portfolio SAN DIEGO, CA 534,266534.3k $3.4m $3.4m 0.08% Reduced -704 -704
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 520,913520.9k $3.3m $3.3m 0.01% Added +13.3k +13,338
20 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 488,288488.3k $3.1m $3.1m 0.00% Added +34.9k +34,944
21 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 456,839456.8k $2.9m $2.9m 0.00% Added +84.5k +84,482
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 425,625425.6k $2.7m $2.7m 0.00% Reduced -21.8k -21,766
23 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 400,000400.0k $2.5m $2.5m 0.00% Added +130.0k +130,000
24 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 393,595393.6k $2.5m $2.5m 0.02% Added +383.3k +383,296
25 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 384,866384.9k $2.4m $2.4m 0.00% Added +3.9k +3,855
26 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 382,372382.4k $2.4m $2.4m 0.00% Reduced -37.4k -37,370
27 ABSOLUTE INVESTMENT ADVISERS, LLC 0.29% of their portfolio ROSEMARY BEACH, FL 368,500368.5k $2.3m $2.3m 0.29% New
28 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 337,739337.7k $2.1m $2.1m 0.01% Added +18.4k +18,444
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 337,337337.3k $2.1m $2.1m 0.00% Added +12.6k +12,626
30 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 334,538334.5k $2.1m $2.1m 0.01% Added +133.0k +133,045
31 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 303,558303.6k $1.9m $1.9m 0.01% Reduced -63.4k -63,382
32 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 291,758291.8k $1.8m $1.8m 0.00% Reduced -65.3k -65,265
33 PMG Family Office LLC 2.05% of their portfolio PLANO, TX 288,888288.9k $1.8m $1.8m 2.05% First filing
34 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 243,790243.8k $1.5m $1.5m 0.00% Reduced -175.5k -175,499
35 MINDSET WEALTH MANAGEMENT, LLC 0.41% of their portfolio INDIANAPOLIS, IN 237,458237.5k $1.5m $1.5m 0.41% Added +1.6k +1,554
36 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 224,023224.0k $1.4m $1.4m 0.00% New
37 PRINCIPAL SECURITIES, INC. 0.02% of their portfolio DES MOINES, IA 216,947216.9k $1.4m $1.4m 0.02% Added +29.5k +29,530
38 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 210,859210.9k $1.3m $1.3m 0.01% Added +27.8k +27,771
39 FLYNN ZITO CAPITAL MANAGEMENT, LLC 0.46% of their portfolio GARDEN CITY, NY 196,415196.4k $1.2m $1.2m 0.46% Added +2.2k +2,194
40 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 179,837179.8k $1.1m $1.1m 0.01% Added +38.8k +38,783
41 Mariner, LLC 0.00% of their portfolio Overland Park, KS 176,230176.2k $1.1m $1.1m 0.00% Added +4.3k +4,264
42 ASHTON THOMAS SECURITIES, LLC 0.15% of their portfolio ROCHESTER, NY 174,185174.2k $1.1m $1.1m 0.15% Added +4.6k +4,610
43 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 169,880169.9k $1.1m $1.1m 0.01% Added +19.4k +19,420
44 Westbourne Investment Advisors, Inc. 0.29% of their portfolio ANNAPOLIS, MD 166,200166.2k $1.1m $1.1m 0.29% Added +4.2k +4,200
45 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 163,337163.3k $1.0m $1.0m 0.00% Added +4.0k +3,984
46 CSS LLC/IL 0.06% of their portfolio CHICAGO, IL 161,818161.8k $1.0m $1.0m 0.06% New
47 Live Oak Private Wealth LLC 0.14% of their portfolio WILMINGTON, NC 158,585158.6k $1.0m $1.0m 0.14% Unchanged
48 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.01% of their portfolio CINCINNATI, OH 150,236150.2k $952.5k $952.5k 0.01% Unchanged
49 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 150,151150.2k $952.0k $952.0k 0.01% Reduced -8.7k -8,717
50 RB Capital Management, LLC 0.20% of their portfolio RENO, NV 149,790149.8k $949.7k $949.7k 0.20% Added +6.7k +6,696
51 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 147,812147.8k $937.1k $937.1k 0.02% Reduced -38.5k -38,450
52 Triumph Capital Management 0.21% of their portfolio DENVER, CO 125,609125.6k $796.4k $796.4k 0.21% Added +18.7k +18,735
53 Samalin Investment Counsel, LLC 0.26% of their portfolio CHAPPAQUA, NY 118,991119.0k $754.4k $754.4k 0.26% Added +2.2k +2,235
54 KINGSWOOD WEALTH ADVISORS, LLC 0.05% of their portfolio SAN DIEGO, CA 117,340117.3k $743.9k $743.9k 0.05% Added +7.6k +7,648
55 Ascentis Independent Advisors 0.12% of their portfolio DALLAS, TX 110,314110.3k $699.4k $699.4k 0.12% Reduced -615 -615
56 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 109,412109.4k $694.0k $694.0k 0.02% Added +4.6k +4,591
57 Patten Group, Inc. 0.13% of their portfolio CHATTANOOGA, TN 109,260109.3k $692.7k $692.7k 0.13% Reduced -16.6k -16,639
58 Advisors Asset Management, Inc. 0.01% of their portfolio Monument, CO 106,246106.2k $673.6k $673.6k 0.01% Added +244 +244
59 Clear Creek Financial Management, LLC 0.06% of their portfolio SILVERDALE, WA 104,857104.9k $664.8k $664.8k 0.06% Unchanged
60 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 103,179103.2k $654.2k $654.2k 0.01% Added +18.8k +18,775
61 Abel Hall, LLC 0.26% of their portfolio BATON ROUGE, LA 103,000103.0k $653.0k $653.0k 0.26% Unchanged
62 Stockman Wealth Management, Inc. 0.08% of their portfolio BILLINGS, MT 99,56399.6k $631.2k $631.2k 0.08% Unchanged
63 Institute for Wealth Management, LLC. 0.06% of their portfolio DENVER, CO 88,96189.0k $564.0k $564.0k 0.06% Added +1.4k +1,428
64 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 87,97888.0k $557.8k $557.8k 0.00% New
65 WealthTrust Asset Management, LLC 0.38% of their portfolio Destin, FL 86,14286.1k $546.1k $546.1k 0.38% Added +7.5k +7,453
66 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 81,72481.7k $518.1k $518.1k 0.00% Added +16 +16
67 Mezzasalma Advisors, LLC 0.12% of their portfolio TINTON FALLS, NJ 75,66075.7k $479.7k $479.7k 0.12% Added +1.9k +1,926
68 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 69,18469.2k $438.6k $438.6k 0.00% Reduced -11.7k -11,683
69 StoneX Group Inc. 0.02% of their portfolio NEW YORK, NY 65,17165.2k $413.2k $413.2k 0.02% Added +694 +694
70 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 62,99663.0k $399.4k $399.4k 0.02% Reduced -1.2k -1,243
71 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 60,05260.1k $380.7k $380.7k 0.00% Reduced -97.1k -97,072
72 Heritage Wealth Management, Inc. 0.11% of their portfolio CINCINNATI, OH 59,31959.3k $376.1k $376.1k 0.11% Unchanged
73 NWF Advisory Services Inc. 0.04% of their portfolio Los Angeles, CA 56,52556.5k $358.4k $358.4k 0.04% Added +1.4k +1,367
74 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 55,64755.6k $352.8k $352.8k 0.00% New
75 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 55,59555.6k $352.5k $352.5k 0.01% Reduced -1.5k -1,501
76 MCDONALD PARTNERS LLC 0.10% of their portfolio CLEVELAND, OH 55,14755.1k $349.6k $349.6k 0.10% Added +1.5k +1,465
77 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 52,18052.2k $330.8k $330.8k 0.00% Added +27.0k +26,987
78 Sage Capital Advisors,llc 0.07% of their portfolio SIOUX FALLS, SD 47,64547.6k $302.1k $302.1k 0.07% Reduced -216 -216
79 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 45,57745.6k $289.0k $289.0k 0.01% Unchanged
80 MSH Capital Advisors LLC 0.08% of their portfolio SCOTTSDALE, AZ 44,27044.3k $280.7k $280.7k 0.08% Unchanged
81 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 43,77943.8k $277.6k $277.6k 0.00% Reduced -4.6k -4,570
82 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 43,27343.3k $274.3k $274.3k 0.00% Added +277 +277
83 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 41,01441.0k $260.0k $260.0k 0.00% New
84 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 40,51040.5k $256.8k $256.8k 0.00% Added +6.1k +6,148
85 TWO SIGMA SECURITIES, LLC 0.04% of their portfolio NEW YORK, NY 40,21940.2k $255.0k $255.0k 0.04% Added +23.0k +22,990
86 LANARK FINANCIAL, INC. 0.02% of their portfolio BIRMINGHAM, AL 38,37138.4k $243.3k $243.3k 0.02% Added +1.0k +1,019
87 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.01% of their portfolio Englewood, NJ 36,67236.7k $232.5k $232.5k 0.01% New
88 Quad-Cities Investment Group, LLC 0.09% of their portfolio DAVENPORT, IA 35,14035.1k $222.8k $222.8k 0.09% Added +931 +931
89 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 33,26133.3k $210.9k $210.9k 0.01% New
90 David J Yvars Group 0.11% of their portfolio UNIVERSITY PARK, FL 32,87432.9k $208.4k $208.4k 0.11% Added +5.7k +5,695
91 Astoria Portfolio Advisors LLC. 0.05% of their portfolio NEW YORK, NY 32,23932.2k $206.7k $206.7k 0.05% Reduced -657 -657
92 Altus Wealth Group LLC 0.08% of their portfolio COLORADO SPRINGS, CO 32,13932.1k $203.8k $203.8k 0.08% Reduced -2.0k -1,983
93 Onyx Bridge Wealth Group LLC 0.02% of their portfolio TARRYTOWN, NY 28,86728.9k $183.0k $183.0k 0.02% Added +1.6k +1,591
94 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 28,37928.4k $194.4k $194.4k 0.02% Added +2.0k +2,000
95 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 28,01028.0k $177.6k $177.6k 0.00% Reduced -4.6k -4,582
96 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 28,00828.0k $177.6k $177.6k 0.00% Added +9.9k +9,932
97 ELCO Management Co., LLC 0.09% of their portfolio New York, NY 27,88427.9k $176.8k $176.8k 0.09% Reduced -570 -570
98 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 27,70527.7k $175.7k $175.7k 0.00% Added +686 +686
99 Quantum Private Wealth, LLC 0.05% of their portfolio TAMPA, FL 26,71526.7k $169.4k $169.4k 0.05% Unchanged
100 AMERIFLEX GROUP, INC. 0.06% of their portfolio LAS VEGAS, NV 26,32026.3k $166.9k $166.9k 0.06% New