LIBERTY ALL STAR EQUITY FD USA
SH BEN INT · Closed-End Fund · CUSIP 530158104
* 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 ($41 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.81.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 162 |
| Q4 2022 | 175 |
| Q1 2023 | 167 |
| Q2 2023 | 168 |
| Q3 2023 | 177 |
| Q4 2023 | 185 |
| Q1 2024 | 180 |
| Q2 2024 | 183 |
| Q3 2024 | 178 |
| Q4 2024 | 194 |
| Q1 2025 | 192 |
| Q2 2025 | 193 |
| Q3 2025 | 209 |
| Q4 2025 | 227 |
| Q1 2026 | 219 |
| Q2 2026 | 227 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 97 | 52 |
| Q4 2024 | 72 | 58 |
| Q1 2025 | 102 | 62 |
| Q2 2025 | 86 | 63 |
| Q3 2025 | 118 | 50 |
| Q4 2025 | 92 | 86 |
| Q1 2026 | 110 | 84 |
| Q2 2026 | 114 | 85 |
Biggest buyers
| Saba Capital Management, L.P. | New | +3.9m |
| Janney Montgomery Scott LLC | New | +1.7m |
| MORGAN STANLEY | Added | +1.2m |
| Man Group plc | Added | +791.9k |
| Allspring Global Investments Holdings, LLC | Added | +759.5k |
| Shaker Financial Services, LLC | Added | +698.3k |
| Cambridge Investment Research Advisors, Inc. | Added | +583.2k |
| Logan Stone Capital, LLC | New | +447.0k |
| Almitas Capital LLC | Added | +402.9k |
| Quantedge Capital Pte Ltd | New | +244.3k |
Biggest sellers
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Reduced | -863.3k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -644.2k |
| ABSOLUTE INVESTMENT ADVISERS, LLC | Reduced | -238.6k |
| Ascentis Independent Advisors | Sold out | -209.0k |
| WELLS FARGO & COMPANY/MN | Reduced | -145.0k |
| Ionic Capital Management LLC | Sold out | -138.7k |
| JPMORGAN CHASE & CO | Reduced | -135.7k |
| COHEN & STEERS, INC. | Reduced | -105.0k |
| Invesco Ltd. | Reduced | -104.1k |
| HighTower Advisors, LLC | Reduced | -102.8k |
Insider purchases and sales since 1 Apr 2026
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 1 | $9.9k | 0 | — | — |
| Q4 2025 | 2 | $19.4k | 0 | — | — |
| Q1 2026 | 1 | $2.1k | 0 | — | — |
| Q2 2026 | 1 | $13.7k | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-03 | HALEY MARK T President · Shares of Beneficial Interest | Bought | $11.6k2.0k shares |
| 2026-06-02 | HALEY MARK T President · Shares of Beneficial Interest | Bought | $2.1k356 shares |
| 2026-05-08 | MILAS ROBERT Access Person of the Fund · Shares of Beneficial Interest | Bought | $9.9k1.7k shares |
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 2026
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 5.9m $34.0m | Added +1.2m |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 4.8m $27.9m | Reduced -644.2k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 1.20% of their portfolio | 4.3m $25.2m | Reduced -863.3k |
| Saba Capital Management, L.P. 0.69% of their portfolio | 3.9m $22.4m | New |
| LPL Financial LLC 0.00% of their portfolio | 3.4m $19.5m | Reduced -49.8k |
| Karpus Management, Inc. 0.55% of their portfolio | 3.3m $19.0m | Added +155.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.2m $12.8m | Reduced -72.7k |
| ABSOLUTE INVESTMENT ADVISERS, LLC 1.22% of their portfolio | 2.2m $12.6m | Reduced -238.6k |
| Man Group plc 0.02% of their portfolio | 2.1m $12.3m | Added +791.9k |
| Janney Montgomery Scott LLC 0.02% of their portfolio | 1.7m $9.7m | New |
| Shaker Financial Services, LLC 3.00% of their portfolio | 1.6m $9.6m | Added +698.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.6m $9.1m | Added +13.2k |
| 1607 Capital Partners, LLC 0.75% of their portfolio | 1.5m $8.6m | Added +146.5k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 1.4m $8.0m | Added +759.5k |
| GUGGENHEIM CAPITAL LLC 0.05% of their portfolio | 1.3m $7.8m | Added +236.3k |
| Penserra Capital Management LLC 0.06% of their portfolio | 1.3m $7.6m | Added +49.6k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 1.1m $6.7m | Added +583.2k |
| Quarry LP 0.96% of their portfolio | 1.0m $6.1m | Reduced -21.1k |
| WOLVERINE ASSET MANAGEMENT LLC 0.08% of their portfolio | 1.0m $6.0m | Added +91.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.0m $5.8m | Reduced -145.0k |
| Almitas Capital LLC 1.11% of their portfolio | 798.3k $4.6m | Added +402.9k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 793.2k $4.6m | Reduced -22.0k |
| RPO LLC 16.52% of their portfolio | 690.2k $4.0m | Added +116.5k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.23% of their portfolio | 659.1k $3.8m | Added +17.5k |
| COHEN & STEERS, INC. 0.01% of their portfolio | 645.0k $3.7m | Reduced -105.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 616.6k $3.6m | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 585.0k $3.4m | Added +27.1k |
| Logan Stone Capital, LLC 0.55% of their portfolio | 447.0k $2.6m | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 438.1k $2.5m | Added +368 |
| INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio | 412.8k $2.4m | Reduced -32.3k |
| Private Advisor Group, LLC 0.01% of their portfolio | 377.9k $2.2m | Reduced -2.0k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 372.9k $2.2m | Added +53.1k |
| Integrated Wealth Concepts LLC 0.01% of their portfolio | 367.0k $2.1m | Reduced -5.8k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio | 345.1k $2.0m | Added +58.2k |
| SIT INVESTMENT ASSOCIATES INC 0.04% of their portfolio | 329.0k $1.9m | Added +100.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 296.2k $1.7m | Added +12.6k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 295.8k $1.8m | Added +60.8k |
| PMG Family Office LLC 1.48% of their portfolio | 276.0k $1.6m | Added +10.4k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.20% of their portfolio | 275.1k $1.6m | Added +237.9k |
| HighTower Advisors, LLC 0.00% of their portfolio | 270.5k $1.6m | Reduced -102.8k |
| UBS Group AG 0.00% of their portfolio | 258.5k $1.5m | Reduced -99.2k |
| Quantedge Capital Pte Ltd 1.08% of their portfolio | 244.3k $1.4m | New |
| MINDSET WEALTH MANAGEMENT, LLC 0.26% of their portfolio | 236.4k $1.4m | Reduced -1.2k |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 222.5k $1.3m | Added +31.2k |
| CSS LLC/IL 0.05% of their portfolio | 212.7k $1.2m | Added +5.4k |
| Invesco Ltd. 0.00% of their portfolio | 209.9k $1.2m | Reduced -104.1k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 208.9k $1.2m | Added +31.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 205.8k $1.2m | Added +91.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 203.3k $1.2m | Added +14.9k |
| Gladstone Institutional Advisory LLC 0.04% of their portfolio | 193.0k $1.1m | New |
| KINGSWOOD WEALTH ADVISORS, LLC 0.04% of their portfolio | 169.2k $982.9k | Added +97.0k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 168.0k $976.2k | Reduced -13.0k |
| WEDBUSH SECURITIES INC 0.03% of their portfolio | 167.7k $974.0k | Added +16.6k |
| D.A. DAVIDSON & CO. 0.01% of their portfolio | 167.4k $972.9k | Reduced -37.9k |
| XTX Topco Ltd 0.01% of their portfolio | 166.8k $968.9k | Added +152.1k |
| Westbourne Investment Advisors, Inc. 0.26% of their portfolio | 163.7k $951.1k | Reduced -21.0k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 162.4k $943.4k | Added +4.1k |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.01% of their portfolio | 159.8k $928.6k | Reduced -14.4k |
| Live Oak Private Wealth LLC 0.12% of their portfolio | 158.6k $921.4k | Unchanged |
| Prospera Financial Services Inc 0.01% of their portfolio | 156.1k $907.0k | Added +24.1k |
| LANGLEY WEALTH MANAGEMENT, LLC 0.87% of their portfolio | 154.1k $895.6k | First filing |
| Advocate Investing Services LLC 0.68% of their portfolio | 151.2k $878.7k | Added +2.9k |
| Advisors Asset Management, Inc. 0.01% of their portfolio | 144.5k $839.3k | New |
| FLYNN ZITO CAPITAL MANAGEMENT, LLC 0.23% of their portfolio | 143.9k $835.9k | Reduced -13.3k |
| Bleakley Financial Group, LLC 0.01% of their portfolio | 143.9k $835.8k | New |
| RB Capital Management, LLC 0.16% of their portfolio | 136.7k $794.0k | Reduced -5.4k |
| TrueMark Investments, LLC 0.10% of their portfolio | 134.3k $780.0k | Added +8.9k |
| ASHTON THOMAS SECURITIES, LLC 0.11% of their portfolio | 125.8k $730.9k | Added +3.2k |
| Mariner, LLC 0.00% of their portfolio | 125.4k $728.4k | Reduced -2.6k |
| J.W. COLE ADVISORS, INC. 0.01% of their portfolio | 125.2k $727.4k | New |
| Concurrent Investment Advisors, LLC 0.01% of their portfolio | 124.8k $724.8k | Reduced -1.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 119.6k $694.6k | Added +44.0k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 117.2k $681.1k | Reduced -10.9k |
| &PARTNERS 0.00% of their portfolio | 105.6k $612.3k | Added +21.5k |
| EVOLVE PRIVATE WEALTH, LLC 0.04% of their portfolio | 105.2k $611.3k | Added +58.7k |
| Abel Hall, LLC 0.10% of their portfolio | 103.0k $598.4k | Unchanged |
| Stockman Wealth Management, Inc. 0.06% of their portfolio | 99.6k $578.5k | Unchanged |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 97.2k $565.7k | Reduced -10.8k |
| Advisory Advocates, LLC 0.48% of their portfolio | 96.7k $561.7k | Reduced -3.8k |
| Clear Creek Financial Management, LLC 0.03% of their portfolio | 93.3k $541.8k | Reduced -6.6k |
| Creative Planning 0.00% of their portfolio | 83.5k $485.2k | Added +12.9k |
| Dakota Wealth Management 0.01% of their portfolio | 82.8k $481.0k | Added +7.8k |
| Allworth Financial LP 0.00% of their portfolio | 79.4k $461.5k | Reduced -2 |
| Samalin Investment Counsel, LLC 0.14% of their portfolio | 76.5k $444.3k | Reduced -26.0k |
| WEALTH EFFECTS LLC 0.12% of their portfolio | 76.2k $443.0k | Added +2.0k |
| Intrua Financial, LLC 0.04% of their portfolio | 75.9k $440.9k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 65.7k $381.8k | New |
| Calamos Advisors LLC 0.00% of their portfolio | 62.3k $361.8k | Added +4.2k |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.05% of their portfolio | 61.5k $357.1k | New |
| Patten Group, Inc. 0.05% of their portfolio | 60.0k $348.8k | Reduced -3.7k |
| IHT Wealth Management, LLC 0.01% of their portfolio | 59.9k $347.9k | Reduced -3.0k |
| Coquina Private Wealth LLC 0.23% of their portfolio | 58.7k $341.1k | Reduced -6.7k |
| Kovack Advisors, Inc. 0.02% of their portfolio | 57.3k $333.0k | Added +995 |
| HighPoint Advisor Group LLC 0.01% of their portfolio | 54.8k $318.3k | Added +1.4k |
| READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio | 54.4k $315.9k | New |
| Sage Capital Advisors,llc 0.06% of their portfolio | 52.5k $305.0k | Added +1.0k |
| Heritage Wealth Management, Inc. 0.08% of their portfolio | 51.8k $301.1k | New |
| MSH Capital Advisors LLC 0.05% of their portfolio | 50.2k $291.6k | Reduced -770 |
| WealthTrust Asset Management, LLC 0.14% of their portfolio | 44.5k $258.6k | Reduced -6.3k |
| Avior Wealth Management, LLC 0.01% of their portfolio | 43.6k $253.2k | Unchanged |