Liberty All-Star Equity Fund
228 hedge funds and large institutions have $376M invested in Liberty All-Star Equity Fund in 2026 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 83 increasing their positions, 60 reducing their positions, and 25 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 60
36% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 25
23% more capital invested
Capital invested by funds: $305M → $376M (+$71.4M)
4% more funds holding
Funds holding: 220 → 228 (+8)
0.66% more ownership
Funds ownership: 20.33% → 20.99% (+0.66%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$22.3M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$9.59M |
| 3 |
Morgan Stanley
New York
|
+$6.73M |
| 4 |
Man Group
London,
United Kingdom
|
+$4.57M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$4.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.98M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$3.72M |
| 3 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$1.38M |
| 4 |
GSEP
Golden State Equity Partners
South Coast Metro,
California
|
-$1.16M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$837K |
USA Hedge Fund Activity: Q2 2026 in Review
228 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Liberty All-Star Equity Fund (USA) for Q2 2026, worth a combined $376M — up 23% from $305M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new USA positions and 25 closed out — a net gain of 9 holders — while 83 added to existing stakes and 60 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $22.3M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.98M.
- 228 institutional investors held Liberty All-Star Equity Fund (USA) as of Q2 2026, up from 220 in Q1 2026.
- Funds reported $376M of Liberty All-Star Equity Fund stock for Q2 2026, up 23% quarter-over-quarter.
- 34 funds opened new Liberty All-Star Equity Fund positions in Q2 2026 and 25 closed out, a net change of +9 holders.
- The largest Liberty All-Star Equity Fund buyer in Q2 2026 was Saba Capital Management, an estimated $22.3M added.
- The largest Liberty All-Star Equity Fund seller in Q2 2026 was Rivernorth Capital Management, an estimated $4.98M sold.
Based on aggregated 13F filings for Q2 2026.