First Quarter Report
May 31, 2023 (Unaudited)
May 31, 2023 (Unaudited)
Columbia Small Cap Value Fund II
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Portfolio of Investments
Columbia Small Cap Value Fund II, May 31, 2023 (Unaudited)
Columbia Small Cap Value Fund II, May 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 96.3% | ||
Issuer | Shares | Value ($) |
Communication Services 2.0% | ||
Interactive Media & Services 0.5% | ||
Ziff Davis, Inc.(a) | 107,700 | 6,358,608 |
Media 1.5% | ||
Integral Ad Science Holding Corp.(a) | 345,500 | 6,533,405 |
Nexstar Media Group, Inc., Class A | 72,300 | 10,911,516 |
Total | 17,444,921 | |
Total Communication Services | 23,803,529 | |
Consumer Discretionary 10.1% | ||
Broadline Retail 0.4% | ||
Macy’s, Inc. | 372,700 | 5,064,993 |
Hotels, Restaurants & Leisure 3.8% | ||
Brinker International, Inc.(a) | 256,700 | 9,390,086 |
International Game Technology PLC | 690,000 | 16,925,700 |
Light & Wonder, Inc.(a) | 198,000 | 11,541,420 |
Red Rock Resorts, Inc., Class A | 167,800 | 7,650,002 |
Total | 45,507,208 | |
Household Durables 1.9% | ||
KB Home | 379,000 | 16,422,070 |
Taylor Morrison Home Corp., Class A(a) | 137,500 | 5,834,125 |
Total | 22,256,195 | |
Specialty Retail 3.1% | ||
American Eagle Outfitters, Inc. | 339,400 | 3,451,698 |
Foot Locker, Inc. | 93,000 | 2,354,760 |
Group 1 Automotive, Inc. | 63,200 | 14,125,832 |
Hibbett, Inc. | 199,520 | 7,186,710 |
Signet Jewelers Ltd. | 155,300 | 9,859,997 |
Total | 36,978,997 | |
Textiles, Apparel & Luxury Goods 0.9% | ||
Crocs, Inc.(a) | 89,600 | 10,060,288 |
Total Consumer Discretionary | 119,867,681 | |
Consumer Staples 3.5% | ||
Consumer Staples Distribution & Retail 1.1% | ||
The Chefs’ Warehouse(a) | 418,800 | 13,028,868 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Food Products 1.8% | ||
Hostess Brands, Inc.(a) | 239,200 | 5,951,296 |
TreeHouse Foods, Inc.(a) | 318,000 | 15,057,300 |
Total | 21,008,596 | |
Personal Care Products 0.6% | ||
BellRing Brands, Inc.(a) | 201,240 | 7,369,409 |
Total Consumer Staples | 41,406,873 | |
Energy 4.7% | ||
Energy Equipment & Services 1.4% | ||
Helmerich & Payne, Inc. | 112,900 | 3,486,352 |
Transocean Ltd.(a) | 2,334,000 | 13,350,480 |
Total | 16,836,832 | |
Oil, Gas & Consumable Fuels 3.3% | ||
Civitas Resources, Inc. | 245,800 | 16,419,440 |
Golar LNG Ltd.(a) | 559,200 | 11,502,744 |
Murphy Oil Corp. | 335,600 | 11,678,880 |
Total | 39,601,064 | |
Total Energy | 56,437,896 | |
Financials 22.4% | ||
Banks 13.4% | ||
Ameris Bancorp | 335,200 | 10,578,912 |
Atlantic Union Bankshares Corp. | 490,000 | 12,524,400 |
Axos Financial, Inc.(a) | 299,800 | 11,338,436 |
Bancorp, Inc. (The)(a) | 517,000 | 15,954,620 |
Cathay General Bancorp | 349,400 | 10,216,456 |
Community Bank System, Inc. | 203,711 | 10,071,472 |
Hancock Whitney Corp. | 376,600 | 13,757,198 |
Independent Bank Corp. | 135,800 | 5,994,212 |
New York Community Bancorp, Inc. | 1,442,000 | 14,823,760 |
Renasant Corp. | 390,600 | 10,202,472 |
South State Corp. | 154,500 | 9,659,340 |
Triumph Financial, Inc.(a) | 132,600 | 6,884,592 |
UMB Financial Corp. | 162,900 | 9,226,656 |
Western Alliance Bancorp | 234,600 | 7,952,940 |
WSFS Financial Corp. | 299,800 | 10,025,312 |
Total | 159,210,778 |
2 | Columbia Small Cap Value Fund II | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Small Cap Value Fund II, May 31, 2023 (Unaudited)
Columbia Small Cap Value Fund II, May 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Capital Markets 2.9% | ||
Focus Financial Partners, Inc., Class A(a) | 216,600 | 11,282,694 |
Houlihan Lokey, Inc., Class A | 158,900 | 13,873,559 |
Stifel Financial Corp. | 171,500 | 9,530,255 |
Total | 34,686,508 | |
Consumer Finance 0.8% | ||
SLM Corp. | 612,200 | 9,342,172 |
Financial Services 2.3% | ||
MGIC Investment Corp. | 895,600 | 13,541,472 |
Radian Group, Inc. | 543,200 | 13,873,328 |
Total | 27,414,800 | |
Insurance 1.8% | ||
AMERISAFE, Inc. | 182,700 | 9,328,662 |
Argo Group International Holdings Ltd. | 437,300 | 12,817,263 |
Total | 22,145,925 | |
Mortgage Real Estate Investment Trusts (REITS) 1.2% | ||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 304,800 | 7,171,944 |
Starwood Property Trust, Inc. | 400,700 | 7,032,285 |
Total | 14,204,229 | |
Total Financials | 267,004,412 | |
Health Care 6.2% | ||
Biotechnology 2.4% | ||
89Bio, Inc.(a) | 217,400 | 3,963,202 |
Agios Pharmaceuticals, Inc.(a) | 133,200 | 3,367,296 |
Ideaya Biosciences, Inc.(a) | 108,400 | 2,475,856 |
Immunocore Holdings PLC, ADR(a) | 44,800 | 2,472,064 |
Insmed, Inc.(a) | 153,100 | 2,913,493 |
IVERIC bio, Inc.(a) | 173,800 | 6,560,950 |
Sage Therapeutics, Inc.(a) | 136,300 | 6,746,850 |
Total | 28,499,711 | |
Health Care Equipment & Supplies 2.8% | ||
Haemonetics Corp.(a) | 192,900 | 16,319,340 |
Merit Medical Systems, Inc.(a) | 164,600 | 13,563,040 |
Varex Imaging Corp.(a) | 196,600 | 4,333,064 |
Total | 34,215,444 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 1.0% | ||
Amylyx Pharmaceuticals, Inc.(a) | 87,000 | 2,148,030 |
Prestige Consumer Healthcare, Inc.(a) | 168,300 | 9,631,809 |
Total | 11,779,839 | |
Total Health Care | 74,494,994 | |
Industrials 20.4% | ||
Aerospace & Defense 2.2% | ||
Moog, Inc., Class A | 161,565 | 15,705,734 |
Parsons Corp.(a) | 223,500 | 9,988,215 |
Total | 25,693,949 | |
Building Products 0.4% | ||
JELD-WEN Holding, Inc.(a) | 331,600 | 4,340,644 |
Commercial Services & Supplies 1.2% | ||
ABM Industries, Inc. | 319,900 | 14,126,784 |
Construction & Engineering 2.7% | ||
API Group Corp.(a) | 784,700 | 17,734,220 |
EMCOR Group, Inc. | 85,600 | 14,110,304 |
Total | 31,844,524 | |
Electrical Equipment 0.5% | ||
Bloom Energy Corp., Class A(a) | 450,800 | 6,184,976 |
Ground Transportation 1.4% | ||
ArcBest Corp. | 109,000 | 9,132,020 |
Heartland Express, Inc. | 504,800 | 7,874,880 |
Total | 17,006,900 | |
Marine Transportation 0.5% | ||
Star Bulk Carriers Corp. | 333,200 | 5,707,716 |
Passenger Airlines 0.4% | ||
JetBlue Airways Corp.(a) | 781,000 | 5,334,230 |
Professional Services 5.1% | ||
Alight, Inc., Class A(a) | 1,358,100 | 11,489,526 |
ExlService Holdings, Inc.(a) | 59,500 | 8,980,930 |
ICF International, Inc. | 128,500 | 14,390,715 |
KBR, Inc. | 228,000 | 13,456,560 |
Science Applications International Corp. | 133,100 | 12,954,623 |
Total | 61,272,354 |
Columbia Small Cap Value Fund II ��| First Quarter Report 2023 | 3 |
Portfolio of Investments (continued)
Columbia Small Cap Value Fund II, May 31, 2023 (Unaudited)
Columbia Small Cap Value Fund II, May 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Trading Companies & Distributors 6.0% | ||
Beacon Roofing Supply, Inc.(a) | 179,700 | 11,490,018 |
Core & Main, Inc., Class A(a) | 484,700 | 12,960,878 |
FTAI Aviation Ltd. | 379,900 | 10,656,195 |
Herc Holdings Inc | 121,200 | 12,292,104 |
Triton International Ltd. | 151,400 | 12,511,696 |
Univar, Inc.(a) | 317,100 | 11,295,102 |
Total | 71,205,993 | |
Total Industrials | 242,718,070 | |
Information Technology 7.6% | ||
Communications Equipment 1.0% | ||
Extreme Networks, Inc.(a) | 583,100 | 12,011,860 |
Electronic Equipment, Instruments & Components 2.1% | ||
Coherent Corp.(a) | 150,700 | 5,569,872 |
Knowles Corp.(a) | 380,300 | 6,837,794 |
Vishay Intertechnology, Inc. | 487,600 | 12,570,328 |
Total | 24,977,994 | |
Semiconductors & Semiconductor Equipment 2.9% | ||
Diodes, Inc.(a) | 119,100 | 10,699,944 |
Maxeon Solar Technologies, Ltd.(a) | 210,600 | 5,852,574 |
Rambus, Inc.(a) | 190,100 | 12,158,796 |
Ultra Clean Holdings, Inc.(a) | 168,700 | 5,783,036 |
Total | 34,494,350 | |
Software 1.6% | ||
Cerence, Inc.(a) | 338,200 | 9,645,464 |
Progress Software Corp. | 150,800 | 9,048,000 |
Total | 18,693,464 | |
Total Information Technology | 90,177,668 | |
Materials 7.1% | ||
Chemicals 3.0% | ||
Ashland, Inc. | 62,800 | 5,330,464 |
Avient Corp. | 280,800 | 10,249,200 |
Cabot Corp. | 197,300 | 13,511,104 |
HB Fuller Co. | 111,200 | 6,998,928 |
Total | 36,089,696 | |
Containers & Packaging 1.4% | ||
O-I Glass, Inc.(a) | 817,400 | 16,936,528 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Metals & Mining 2.7% | ||
ATI, Inc.(a) | 251,100 | 8,683,038 |
Materion Corp. | 126,900 | 12,733,146 |
Ryerson Holding Corp. | 295,400 | 10,040,646 |
Total | 31,456,830 | |
Total Materials | 84,483,054 | |
Real Estate 6.7% | ||
Hotel & Resort REITs 0.9% | ||
Apple Hospitality REIT, Inc. | 711,300 | 10,335,189 |
Industrial REITs 1.8% | ||
First Industrial Realty Trust, Inc. | 209,700 | 10,900,206 |
STAG Industrial, Inc. | 296,200 | 10,307,760 |
Total | 21,207,966 | |
Retail REITs 3.2% | ||
Kite Realty Group Trust | 744,000 | 14,463,360 |
NetSTREIT Corp. | 328,900 | 5,739,305 |
Tanger Factory Outlet Centers, Inc. | 860,700 | 17,532,459 |
Total | 37,735,124 | |
Specialized REITs 0.8% | ||
Rayonier, Inc. | 350,900 | 10,288,388 |
Total Real Estate | 79,566,667 | |
Utilities 5.6% | ||
Electric Utilities 1.4% | ||
Portland General Electric Co. | 336,257 | 16,385,804 |
Gas Utilities 2.8% | ||
New Jersey Resources Corp. | 363,900 | 17,630,955 |
ONE Gas, Inc. | 201,500 | 16,309,410 |
Total | 33,940,365 | |
Independent Power and Renewable Electricity Producers 1.4% | ||
Clearway Energy, Inc., Class C | 407,800 | 11,716,094 |
Sunnova Energy International, Inc.(a) | 279,000 | 4,927,140 |
Total | 16,643,234 | |
Total Utilities | 66,969,403 | |
Total Common Stocks (Cost $921,397,858) | 1,146,930,247 | |
4 | Columbia Small Cap Value Fund II | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Small Cap Value Fund II, May 31, 2023 (Unaudited)
Columbia Small Cap Value Fund II, May 31, 2023 (Unaudited)
Exchange-Traded Equity Funds 2.3% | ||
Shares | Value ($) | |
Sector 2.3% | ||
SPDR S&P Biotech ETF(a) | 332,300 | 27,886,616 |
Total Exchange-Traded Equity Funds (Cost $27,808,675) | 27,886,616 | |
Money Market Funds 0.9% | ||
Columbia Short-Term Cash Fund, 5.241%(b),(c) | 10,111,933 | 10,106,877 |
Total Money Market Funds (Cost $10,105,188) | 10,106,877 | |
Total Investments in Securities (Cost: $959,311,721) | 1,184,923,740 | |
Other Assets & Liabilities, Net | 6,527,508 | |
Net Assets | 1,191,451,248 |
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at May 31, 2023. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended May 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.241% | ||||||||
33,121,956 | 73,999,605 | (97,013,977) | (707) | 10,106,877 | 5,341 | 237,505 | 10,111,933 |
Abbreviation Legend
ADR | American Depositary Receipt |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Small Cap Value Fund II | First Quarter Report 2023 | 5 |
You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.
1QT230_02_N01_(07/23)