Columbia Variable Portfolio – Large Cap Growth Fund
First Quarter Report
March 31, 2024 (Unaudited)
Please remember that you may not buy (nor will you own) shares of the Fund directly. The Fund is available through variable annuity contracts and variable life insurance policies offered by the separate accounts of participating insurance companies as well as qualified pension and retirement plans. Please contact your financial advisor or insurance representative for more information.
Not FDIC or NCUA Insured | No Financial Institution Guarantee | May Lose Value |
Portfolio of InvestmentsColumbia Variable Portfolio – Large Cap Growth Fund, March 31, 2024 (Unaudited)(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 99.4% | ||
Issuer | Shares | Value ($) |
Communication Services 12.8% | ||
Entertainment 0.5% | ||
TKO Group Holdings, Inc. | 143,127 | 12,367,604 |
Interactive Media & Services 12.3% | ||
Alphabet, Inc., Class A(a) | 510,133 | 76,994,374 |
Alphabet, Inc., Class C(a) | 628,951 | 95,764,079 |
Meta Platforms, Inc., Class A | 244,697 | 118,819,969 |
Total | 291,578,422 | |
Total Communication Services | 303,946,026 | |
Consumer Discretionary 15.1% | ||
Automobiles 0.7% | ||
Tesla, Inc.(a) | 92,410 | 16,244,754 |
Broadline Retail 7.5% | ||
Amazon.com, Inc.(a) | 989,156 | 178,423,959 |
Hotels, Restaurants & Leisure 4.2% | ||
Darden Restaurants, Inc. | 143,079 | 23,915,655 |
DraftKings, Inc., Class A(a) | 596,431 | 27,083,931 |
Expedia Group, Inc.(a) | 159,128 | 21,919,882 |
Hilton Worldwide Holdings, Inc. | 125,177 | 26,701,506 |
Total | 99,620,974 | |
Specialty Retail 1.5% | ||
TJX Companies, Inc. (The) | 337,557 | 34,235,031 |
Textiles, Apparel & Luxury Goods 1.2% | ||
NIKE, Inc., Class B | 299,513 | 28,148,232 |
Total Consumer Discretionary | 356,672,950 | |
Consumer Staples 3.5% | ||
Consumer Staples Distribution & Retail 2.2% | ||
Costco Wholesale Corp. | 72,716 | 53,273,923 |
Household Products 1.3% | ||
Procter & Gamble Co. (The) | 187,087 | 30,354,866 |
Total Consumer Staples | 83,628,789 | |
Financials 4.0% | ||
Financial Services 4.0% | ||
Visa, Inc., Class A | 342,601 | 95,613,087 |
Total Financials | 95,613,087 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 13.1% | ||
Biotechnology 1.8% | ||
BioMarin Pharmaceutical, Inc.(a) | 117,738 | 10,283,237 |
Natera, Inc.(a) | 137,287 | 12,556,269 |
Vertex Pharmaceuticals, Inc.(a) | 49,660 | 20,758,376 |
Total | 43,597,882 | |
Health Care Equipment & Supplies 3.8% | ||
Cooper Cos, Inc. (The) | 241,474 | 24,499,952 |
DexCom, Inc.(a) | 206,261 | 28,608,401 |
Intuitive Surgical, Inc.(a) | 90,583 | 36,150,769 |
Total | 89,259,122 | |
Health Care Providers & Services 3.0% | ||
Cardinal Health, Inc. | 211,996 | 23,722,352 |
UnitedHealth Group, Inc. | 94,418 | 46,708,585 |
Total | 70,430,937 | |
Pharmaceuticals 4.5% | ||
Eli Lilly & Co. | 106,404 | 82,778,056 |
Zoetis, Inc. | 146,599 | 24,806,017 |
Total | 107,584,073 | |
Total Health Care | 310,872,014 | |
Industrials 5.3% | ||
Aerospace & Defense 1.0% | ||
General Dynamics Corp. | 84,512 | 23,873,795 |
Commercial Services & Supplies 1.3% | ||
Cintas Corp. | 42,997 | 29,540,229 |
Electrical Equipment 2.0% | ||
AMETEK, Inc. | 132,918 | 24,310,702 |
Eaton Corp. PLC | 74,976 | 23,443,496 |
Total | 47,754,198 | |
Industrial Conglomerates 1.0% | ||
Honeywell International, Inc. | 113,904 | 23,378,796 |
Total Industrials | 124,547,018 | |
Information Technology 43.7% | ||
Electronic Equipment, Instruments & Components 1.0% | ||
TE Connectivity Ltd. | 169,143 | 24,566,329 |
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Columbia Variable Portfolio – Large Cap Growth Fund | First Quarter Report 2024
Portfolio of Investments (continued)Columbia Variable Portfolio – Large Cap Growth Fund, March 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
IT Services 1.1% | ||
MongoDB, Inc.(a) | 69,231 | 24,829,006 |
Semiconductors & Semiconductor Equipment 13.8% | ||
Advanced Micro Devices, Inc.(a) | 200,586 | 36,203,767 |
Applied Materials, Inc. | 185,442 | 38,243,703 |
NVIDIA Corp. | 235,887 | 213,138,058 |
QUALCOMM, Inc. | 238,016 | 40,296,109 |
Total | 327,881,637 | |
Software 19.0% | ||
Adobe, Inc.(a) | 87,373 | 44,088,416 |
Dynatrace, Inc.(a) | 530,181 | 24,621,606 |
Microsoft Corp. | 650,068 | 273,496,609 |
Palo Alto Networks, Inc.(a) | 100,670 | 28,603,367 |
Salesforce, Inc. | 140,419 | 42,291,394 |
ServiceNow, Inc.(a) | 49,805 | 37,971,332 |
Total | 451,072,724 | |
Technology Hardware, Storage & Peripherals 8.8% | ||
Apple, Inc. | 1,211,233 | 207,702,235 |
Total Information Technology | 1,036,051,931 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 1.9% | ||
Industrial REITs 0.9% | ||
Prologis, Inc. | 160,127 | 20,851,738 |
Specialized REITs 1.0% | ||
Equinix, Inc. | 29,029 | 23,958,505 |
Total Real Estate | 44,810,243 | |
Total Common Stocks (Cost $1,218,760,632) | 2,356,142,058 | |
Money Market Funds 0.1% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.543%(b),(c) | 2,719,893 | 2,719,349 |
Total Money Market Funds (Cost $2,719,077) | 2,719,349 | |
Total Investments in Securities (Cost: $1,221,479,709) | 2,358,861,407 | |
Other Assets & Liabilities, Net | 11,661,345 | |
Net Assets | 2,370,522,752 |
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at March 31, 2024. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2024 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.543% | ||||||||
6,108,694 | 118,588,235 | (121,977,852 ) | 272 | 2,719,349 | 435 | 164,728 | 2,719,893 |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Variable Portfolio – Large Cap Growth Fund | First Quarter Report 2024
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