Columbia Variable Portfolio – Select Large Cap Value 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 – Select Large Cap Value Fund, March 31, 2024 (Unaudited)(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 98.4% | ||
Issuer | Shares | Value ($) |
Communication Services 7.0% | ||
Diversified Telecommunication Services 4.2% | ||
Verizon Communications, Inc. | 2,144,401 | 89,979,066 |
Interactive Media & Services 2.8% | ||
Alphabet, Inc., Class A(a) | 402,781 | 60,791,736 |
Total Communication Services | 150,770,802 | |
Consumer Discretionary 3.6% | ||
Broadline Retail 0.2% | ||
Qurate Retail, Inc.(a) | 2,831,713 | 3,483,007 |
Specialty Retail 3.4% | ||
Lowe’s Companies, Inc. | 291,779 | 74,324,865 |
Total Consumer Discretionary | 77,807,872 | |
Consumer Staples 2.7% | ||
Tobacco 2.7% | ||
Philip Morris International, Inc. | 630,388 | 57,756,149 |
Total Consumer Staples | 57,756,149 | |
Energy 11.7% | ||
Energy Equipment & Services 3.2% | ||
TechnipFMC PLC | 2,722,539 | 68,362,954 |
Oil, Gas & Consumable Fuels 8.5% | ||
Chevron Corp. | 331,343 | 52,266,045 |
Marathon Petroleum Corp. | 317,431 | 63,962,346 |
Williams Companies, Inc. (The) | 1,734,238 | 67,583,255 |
Total | 183,811,646 | |
Total Energy | 252,174,600 | |
Financials 19.8% | ||
Banks 12.4% | ||
Bank of America Corp. | 2,056,432 | 77,979,901 |
Citigroup, Inc. | 944,211 | 59,711,904 |
JPMorgan Chase & Co. | 322,228 | 64,542,268 |
Wells Fargo & Co. | 1,113,204 | 64,521,304 |
Total | 266,755,377 | |
Capital Markets 1.8% | ||
Morgan Stanley | 410,593 | 38,661,437 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Insurance 5.6% | ||
American International Group, Inc. | 802,953 | 62,766,836 |
MetLife, Inc. | 775,016 | 57,436,436 |
Total | 120,203,272 | |
Total Financials | 425,620,086 | |
Health Care 12.4% | ||
Health Care Equipment & Supplies 2.3% | ||
Baxter International, Inc. | 1,151,854 | 49,230,240 |
Health Care Providers & Services 7.7% | ||
Centene Corp.(a) | 617,343 | 48,449,079 |
Cigna Group (The) | 193,990 | 70,455,228 |
Humana, Inc. | 133,149 | 46,165,421 |
Total | 165,069,728 | |
Pharmaceuticals 2.4% | ||
Bristol-Myers Squibb Co. | 956,552 | 51,873,815 |
Total Health Care | 266,173,783 | |
Industrials 7.9% | ||
Aerospace & Defense 2.6% | ||
RTX Corp. | 576,072 | 56,184,302 |
Ground Transportation 1.6% | ||
CSX Corp. | 916,158 | 33,961,977 |
Machinery 1.8% | ||
Caterpillar, Inc. | 107,821 | 39,508,849 |
Passenger Airlines 1.9% | ||
Southwest Airlines Co. | 1,406,933 | 41,068,374 |
Total Industrials | 170,723,502 | |
Information Technology 13.1% | ||
Communications Equipment 2.5% | ||
Cisco Systems, Inc. | 1,068,719 | 53,339,765 |
Electronic Equipment, Instruments & Components 3.1% | ||
Corning, Inc. | 2,065,978 | 68,094,635 |
Semiconductors & Semiconductor Equipment 5.6% | ||
Applied Materials, Inc. | 188,664 | 38,908,177 |
QUALCOMM, Inc. | 486,542 | 82,371,560 |
Total | 121,279,737 |
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Columbia Variable Portfolio – Select Large Cap Value Fund | First Quarter Report 2024
Portfolio of Investments (continued)Columbia Variable Portfolio – Select Large Cap Value Fund, March 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Software 1.9% | ||
Teradata Corp.(a) | 1,039,865 | 40,211,580 |
Total Information Technology | 282,925,717 | |
Materials 7.8% | ||
Chemicals 1.9% | ||
FMC Corp. | 656,799 | 41,838,096 |
Metals & Mining 5.9% | ||
Barrick Gold Corp. | 3,074,773 | 51,164,223 |
Freeport-McMoRan, Inc. | 1,604,120 | 75,425,722 |
Total | 126,589,945 | |
Total Materials | 168,428,041 | |
Real Estate 2.1% | ||
Specialized REITs 2.1% | ||
American Tower Corp. | 223,779 | 44,216,493 |
Total Real Estate | 44,216,493 | |
Utilities 10.3% | ||
Electric Utilities 7.3% | ||
FirstEnergy Corp. | 2,045,867 | 79,011,384 |
PG&E Corp. | 4,636,590 | 77,709,248 |
Total | 156,720,632 | |
Independent Power and Renewable Electricity Producers 3.0% | ||
AES Corp. (The) | 3,561,911 | 63,865,064 |
Total Utilities | 220,585,696 | |
Total Common Stocks (Cost $1,644,093,110) | 2,117,182,741 |
Preferred Stocks 0.2% | |||
Issuer | Shares | Value ($) | |
Consumer Discretionary 0.2% | |||
Broadline Retail 0.2% | |||
Qurate Retail, Inc. | 8.000% | 70,261 | 3,493,377 |
Total Consumer Discretionary | 3,493,377 | ||
Total Preferred Stocks (Cost $9,198,517) | 3,493,377 |
Money Market Funds 1.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.543%(b),(c) | 33,153,912 | 33,147,281 |
Total Money Market Funds (Cost $33,146,701) | 33,147,281 | |
Total Investments in Securities (Cost: $1,686,438,328) | 2,153,823,399 | |
Other Assets & Liabilities, Net | (2,906,033 ) | |
Net Assets | 2,150,917,366 |
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at March 31, 2024. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2024 are as follows: |
Affiliated issuers | Beginning of period($) | 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% | ||||||||
44,727,307 | 50,330,729 | (61,909,076 ) | (1,679 ) | 33,147,281 | 2,928 | 587,678 | 33,153,912 |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Variable Portfolio – Select Large Cap Value Fund | First Quarter Report 2024
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