First Quarter Report
May 31, 2023 (Unaudited)
May 31, 2023 (Unaudited)
Columbia Select Large Cap Equity Fund
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Portfolio of Investments
Columbia Select Large Cap Equity Fund, May 31, 2023 (Unaudited)
Columbia Select Large Cap Equity Fund, May 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
| Common Stocks 98.9% | ||
| Issuer | Shares | Value ($) |
| Communication Services 9.8% | ||
| Diversified Telecommunication Services 1.3% | ||
| AT&T, Inc. | 1,015,688 | 15,976,772 |
| Entertainment 1.3% | ||
| Activision Blizzard, Inc.(a) | 207,220 | 16,619,044 |
| Interactive Media & Services 5.4% | ||
| Alphabet, Inc., Class C(a) | 557,447 | 68,772,237 |
| Media 1.8% | ||
| Comcast Corp., Class A | 580,712 | 22,851,017 |
| Total Communication Services | 124,219,070 | |
| Consumer Discretionary 8.0% | ||
| Automobiles 1.0% | ||
| Tesla, Inc.(a) | 63,008 | 12,849,221 |
| Broadline Retail 4.5% | ||
| Amazon.com, Inc.(a) | 473,516 | 57,096,559 |
| Hotels, Restaurants & Leisure 2.5% | ||
| Hilton Worldwide Holdings, Inc. | 129,564 | 17,636,252 |
| Las Vegas Sands Corp.(a) | 252,260 | 13,907,094 |
| Total | 31,543,346 | |
| Total Consumer Discretionary | 101,489,126 | |
| Consumer Staples 7.2% | ||
| Beverages 1.8% | ||
| Coca-Cola Co. (The) | 387,361 | 23,109,957 |
| Consumer Staples Distribution & Retail 2.0% | ||
| Walmart, Inc. | 168,723 | 24,780,347 |
| Food Products 1.0% | ||
| Hershey Co. (The) | 51,165 | 13,287,551 |
| Household Products 2.4% | ||
| Procter & Gamble Co. (The) | 209,178 | 29,807,865 |
| Total Consumer Staples | 90,985,720 | |
| Common Stocks (continued) | ||
| Issuer | Shares | Value ($) |
| Energy 3.6% | ||
| Oil, Gas & Consumable Fuels 3.6% | ||
| EOG Resources, Inc. | 147,701 | 15,846,841 |
| Exxon Mobil Corp. | 290,618 | 29,695,347 |
| Total | 45,542,188 | |
| Total Energy | 45,542,188 | |
| Financials 10.3% | ||
| Banks 2.0% | ||
| Bank of America Corp. | 891,391 | 24,771,756 |
| Capital Markets 2.9% | ||
| Morgan Stanley | 228,749 | 18,702,518 |
| S&P Global, Inc. | 48,389 | 17,779,571 |
| Total | 36,482,089 | |
| Consumer Finance 1.4% | ||
| Discover Financial Services | 171,956 | 17,666,759 |
| Financial Services 2.3% | ||
| MasterCard, Inc., Class A | 81,438 | 29,726,499 |
| Insurance 1.7% | ||
| Chubb Ltd. | 114,170 | 21,212,786 |
| Total Financials | 129,859,889 | |
| Health Care 15.2% | ||
| Biotechnology 3.3% | ||
| AbbVie, Inc. | 160,010 | 22,074,980 |
| BioMarin Pharmaceutical, Inc.(a) | 93,301 | 8,111,589 |
| Vertex Pharmaceuticals, Inc.(a) | 35,599 | 11,518,768 |
| Total | 41,705,337 | |
| Health Care Equipment & Supplies 4.6% | ||
| Boston Scientific Corp.(a) | 386,545 | 19,899,337 |
| Intuitive Surgical, Inc.(a) | 72,034 | 22,174,946 |
| Zimmer Biomet Holdings, Inc. | 123,826 | 15,768,003 |
| Total | 57,842,286 | |
| Health Care Providers & Services 1.6% | ||
| Elevance Health, Inc. | 44,818 | 20,070,397 |
| 2 | Columbia Select Large Cap Equity Fund | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Select Large Cap Equity Fund, May 31, 2023 (Unaudited)
Columbia Select Large Cap Equity Fund, May 31, 2023 (Unaudited)
| Common Stocks (continued) | ||
| Issuer | Shares | Value ($) |
| Pharmaceuticals 5.7% | ||
| Eli Lilly & Co. | 64,458 | 27,682,133 |
| Merck & Co., Inc. | 213,406 | 23,562,156 |
| Zoetis, Inc. | 128,151 | 20,889,894 |
| Total | 72,134,183 | |
| Total Health Care | 191,752,203 | |
| Industrials 8.4% | ||
| Commercial Services & Supplies 2.8% | ||
| Cintas Corp. | 37,158 | 17,543,778 |
| Republic Services, Inc. | 124,558 | 17,641,150 |
| Total | 35,184,928 | |
| Construction & Engineering 1.3% | ||
| MasTec, Inc.(a) | 164,069 | 16,630,034 |
| Electrical Equipment 1.5% | ||
| Eaton Corp. PLC | 106,201 | 18,680,756 |
| Industrial Conglomerates 1.5% | ||
| Honeywell International, Inc. | 99,310 | 19,027,796 |
| Machinery 1.3% | ||
| Parker-Hannifin Corp. | 49,757 | 15,944,133 |
| Total Industrials | 105,467,647 | |
| Information Technology 29.9% | ||
| Communications Equipment 1.9% | ||
| Cisco Systems, Inc. | 471,333 | 23,411,110 |
| Electronic Equipment, Instruments & Components 1.3% | ||
| TE Connectivity Ltd. | 129,059 | 15,807,146 |
| Semiconductors & Semiconductor Equipment 8.7% | ||
| Broadcom, Inc. | 36,880 | 29,797,565 |
| Lam Research Corp. | 33,276 | 20,521,309 |
| NVIDIA Corp. | 104,951 | 39,707,161 |
| QUALCOMM, Inc. | 175,921 | 19,951,201 |
| Total | 109,977,236 | |
| Software 11.8% | ||
| Adobe, Inc.(a) | 54,690 | 22,848,935 |
| Microsoft Corp. | 329,133 | 108,083,986 |
| Palo Alto Networks, Inc.(a) | 84,337 | 17,996,672 |
| Total | 148,929,593 | |
| Common Stocks (continued) | ||
| Issuer | Shares | Value ($) |
| Technology Hardware, Storage & Peripherals 6.2% | ||
| Apple, Inc. | 444,970 | 78,870,933 |
| Total Information Technology | 376,996,018 | |
| Real Estate 3.4% | ||
| Industrial REITs 1.3% | ||
| Prologis, Inc. | 134,949 | 16,807,898 |
| Retail REITs 1.1% | ||
| Realty Income Corp. | 225,860 | 13,425,118 |
| Specialized REITs 1.0% | ||
| CubeSmart | 279,620 | 12,426,313 |
| Total Real Estate | 42,659,329 | |
| Utilities 3.1% | ||
| Electric Utilities 1.5% | ||
| Edison International | 286,679 | 19,356,566 |
| Multi-Utilities 1.6% | ||
| Ameren Corp. | 245,230 | 19,880,796 |
| Total Utilities | 39,237,362 | |
| Total Common Stocks (Cost $907,658,657) | 1,248,208,552 | |
| Exchange-Traded Equity Funds 0.8% | ||
| Shares | Value ($) | |
| U.S. Large Cap 0.8% | ||
| Columbia Research Enhanced Core ETF(b) | 415,057 | 10,113,860 |
| Total Exchange-Traded Equity Funds (Cost $10,071,467) | 10,113,860 | |
| Money Market Funds 0.4% | ||
| Columbia Short-Term Cash Fund, 5.241%(b),(c) | 4,955,304 | 4,952,826 |
| Total Money Market Funds (Cost $4,952,526) | 4,952,826 | |
| Total Investments in Securities (Cost: $922,682,650) | 1,263,275,238 | |
| Other Assets & Liabilities, Net | (726,100) | |
| Net Assets | 1,262,549,138 | |
| Columbia Select Large Cap Equity Fund | First Quarter Report 2023 | 3 |
Portfolio of Investments (continued)
Columbia Select Large Cap Equity Fund, May 31, 2023 (Unaudited)
Columbia Select Large Cap Equity Fund, May 31, 2023 (Unaudited)
Notes to Portfolio of Investments
| (a) | Non-income producing investment. |
| (b) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended May 31, 2023 are as follows: |
| Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
| Columbia Research Enhanced Core ETF | ||||||||
| — | 10,106,576 | (35,109) | 42,393 | 10,113,860 | 662 | ��� | 415,057 | |
| Columbia Short-Term Cash Fund, 5.241% | ||||||||
| 28,828,028 | 31,722,177 | (55,596,441) | (938) | 4,952,826 | 3,183 | 106,606 | 4,955,304 | |
| Total | 28,828,028 | 41,455 | 15,066,686 | 3,845 | 106,606 | |||
| (c) | The rate shown is the seven-day current annualized yield at May 31, 2023. |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
| 4 | Columbia Select Large Cap Equity Fund | First Quarter Report 2023 |
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You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.
1QT172_02_N01_(07/23)