Liberty All-Star Equity Fund
220 hedge funds and large institutions have $305M invested in Liberty All-Star Equity Fund in 2026 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 87 increasing their positions, 55 reducing their positions, and 28 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 55
0.39% less ownership
Funds ownership: 20.72% → 20.33% (-0.39%)
3% less funds holding
Funds holding: 227 → 220 (-7)
11% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 28
14% less capital invested
Capital invested by funds: $353M → $305M (-$48.2M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.1M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.69M |
| 3 |
Man Group
London,
United Kingdom
|
+$4.02M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$3.83M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$8.3M |
| 2 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
-$8.22M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$4.99M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.61M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$2.45M |
USA Hedge Fund Activity: Q1 2026 in Review
220 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Liberty All-Star Equity Fund (USA) for Q1 2026, worth a combined $305M — down 14% from $353M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of USA and 25 opened new positions — a net loss of 3 holders — while 55 trimmed existing stakes and 87 added.
The largest buyer was Morgan Stanley, adding an estimated $10.1M. The largest seller was Janney Montgomery Scott, exiting entirely with an estimated $8.3M sold.
- 220 institutional investors held Liberty All-Star Equity Fund (USA) as of Q1 2026, down from 227 in Q4 2025.
- Funds reported $305M of Liberty All-Star Equity Fund stock for Q1 2026, down 14% quarter-over-quarter.
- 25 funds opened new Liberty All-Star Equity Fund positions in Q1 2026 and 28 closed out, a net change of -3 holders.
- The largest Liberty All-Star Equity Fund buyer in Q1 2026 was Morgan Stanley, an estimated $10.1M added.
- The largest Liberty All-Star Equity Fund seller in Q1 2026 was Janney Montgomery Scott, an estimated $8.3M sold.
Based on aggregated 13F filings for Q1 2026.