Columbia Variable Portfolio – Select Large Cap Equity 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 Equity Fund, March 31, 2024 (Unaudited)(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 99.5% | ||
Issuer | Shares | Value ($) |
Communication Services 10.2% | ||
Interactive Media & Services 8.5% | ||
Alphabet, Inc., Class C(a) | 1,080,524 | 164,520,584 |
Meta Platforms, Inc., Class A | 235,255 | 114,235,123 |
Total | 278,755,707 | |
Media 1.7% | ||
Comcast Corp., Class A | 1,286,313 | 55,761,669 |
Total Communication Services | 334,517,376 | |
Consumer Discretionary 9.2% | ||
Automobiles 0.5% | ||
Tesla, Inc.(a) | 100,922 | 17,741,078 |
Broadline Retail 5.1% | ||
Amazon.com, Inc.(a) | 918,519 | 165,682,457 |
Hotels, Restaurants & Leisure 2.5% | ||
Expedia Group, Inc.(a) | 263,730 | 36,328,808 |
Hilton Worldwide Holdings, Inc. | 209,129 | 44,609,307 |
Total | 80,938,115 | |
Textiles, Apparel & Luxury Goods 1.1% | ||
lululemon athletica, Inc.(a) | 93,679 | 36,595,701 |
Total Consumer Discretionary | 300,957,351 | |
Consumer Staples 5.6% | ||
Consumer Staples Distribution & Retail 1.9% | ||
Walmart, Inc. | 1,046,092 | 62,943,356 |
Food Products 1.5% | ||
Mondelez International, Inc., Class A | 710,774 | 49,754,180 |
Household Products 2.2% | ||
Procter & Gamble Co. (The) | 446,877 | 72,505,793 |
Total Consumer Staples | 185,203,329 | |
Energy 3.9% | ||
Oil, Gas & Consumable Fuels 3.9% | ||
EOG Resources, Inc. | 342,706 | 43,811,535 |
Exxon Mobil Corp. | 711,538 | 82,709,177 |
Total | 126,520,712 | |
Total Energy | 126,520,712 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Financials 11.9% | ||
Banks 4.4% | ||
Bank of America Corp. | 2,078,160 | 78,803,827 |
Citigroup, Inc. | 1,026,252 | 64,900,177 |
Total | 143,704,004 | |
Capital Markets 1.3% | ||
S&P Global, Inc. | 105,312 | 44,804,990 |
Financial Services 4.6% | ||
Global Payments, Inc. | 439,341 | 58,722,318 |
MasterCard, Inc., Class A | 189,992 | 91,494,448 |
Total | 150,216,766 | |
Insurance 1.6% | ||
Chubb Ltd. | 198,824 | 51,521,263 |
Total Financials | 390,247,023 | |
Health Care 14.5% | ||
Biotechnology 1.8% | ||
BioMarin Pharmaceutical, Inc.(a) | 209,926 | 18,334,937 |
Natera, Inc.(a) | 180,788 | 16,534,870 |
Vertex Pharmaceuticals, Inc.(a) | 60,625 | 25,341,856 |
Total | 60,211,663 | |
Health Care Equipment & Supplies 5.1% | ||
Boston Scientific Corp.(a) | 714,955 | 48,967,268 |
DexCom, Inc.(a) | 267,672 | 37,126,106 |
Edwards Lifesciences Corp.(a) | 394,291 | 37,678,448 |
Intuitive Surgical, Inc.(a) | 109,163 | 43,565,862 |
Total | 167,337,684 | |
Health Care Providers & Services 2.0% | ||
UnitedHealth Group, Inc. | 131,701 | 65,152,485 |
Pharmaceuticals 5.6% | ||
Eli Lilly & Co. | 103,589 | 80,588,099 |
Merck & Co., Inc. | 498,177 | 65,734,455 |
Zoetis, Inc. | 226,135 | 38,264,303 |
Total | 184,586,857 | |
Total Health Care | 477,288,689 |
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Columbia Variable Portfolio – Select Large Cap Equity Fund | First Quarter Report 2024
Portfolio of Investments (continued)Columbia Variable Portfolio – Select Large Cap Equity Fund, March 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrials 10.0% | ||
Aerospace & Defense 1.3% | ||
General Dynamics Corp. | 154,689 | 43,698,096 |
Commercial Services & Supplies 2.9% | ||
Cintas Corp. | 69,021 | 47,419,498 |
Republic Services, Inc. | 251,703 | 48,186,022 |
Total | 95,605,520 | |
Electrical Equipment 1.5% | ||
Eaton Corp. PLC | 155,186 | 48,523,558 |
Ground Transportation 1.6% | ||
Union Pacific Corp. | 218,774 | 53,803,090 |
Industrial Conglomerates 1.4% | ||
Honeywell International, Inc. | 214,383 | 44,002,111 |
Machinery 1.3% | ||
Parker-Hannifin Corp. | 77,695 | 43,182,104 |
Total Industrials | 328,814,479 | |
Information Technology 28.0% | ||
Electronic Equipment, Instruments & Components 1.5% | ||
TE Connectivity Ltd. | 338,836 | 49,212,541 |
Semiconductors & Semiconductor Equipment 10.2% | ||
Applied Materials, Inc. | 225,928 | 46,593,131 |
Lam Research Corp. | 46,891 | 45,557,889 |
NVIDIA Corp. | 204,937 | 185,172,876 |
QUALCOMM, Inc. | 342,394 | 57,967,304 |
Total | 335,291,200 | |
Software 11.3% | ||
Adobe, Inc.(a) | 103,684 | 52,318,946 |
Microsoft Corp. | 653,434 | 274,912,753 |
Palo Alto Networks, Inc.(a) | 149,238 | 42,402,993 |
Total | 369,634,692 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Technology Hardware, Storage & Peripherals 5.0% | ||
Apple, Inc. | 956,286 | 163,983,923 |
Total Information Technology | 918,122,356 | |
Real Estate 3.4% | ||
Industrial REITs 1.6% | ||
Prologis, Inc. | 411,119 | 53,535,916 |
Specialized REITs 1.8% | ||
Equinix, Inc. | 72,221 | 59,606,158 |
Total Real Estate | 113,142,074 | |
Utilities 2.8% | ||
Multi-Utilities 2.8% | ||
Ameren Corp. | 568,606 | 42,054,100 |
DTE Energy Co. | 440,806 | 49,431,985 |
Total | 91,486,085 | |
Total Utilities | 91,486,085 | |
Total Common Stocks (Cost $2,190,860,489) | 3,266,299,474 | |
Money Market Funds 0.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.543%(b),(c) | 7,819,076 | 7,817,512 |
Total Money Market Funds (Cost $7,815,748) | 7,817,512 | |
Total Investments in Securities (Cost: $2,198,676,237) | 3,274,116,986 | |
Other Assets & Liabilities, Net | 8,647,120 | |
Net Assets | 3,282,764,106 |
Columbia Variable Portfolio – Select Large Cap Equity Fund | First Quarter Report 2024
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Portfolio of Investments (continued)Columbia Variable Portfolio – Select Large Cap Equity Fund, March 31, 2024 (Unaudited)
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at March 31, 2024. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2024 are as follows: |
Affiliated issuers | Beginning of period($) | 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% | ||||||||
20,490,362 | 157,947,627 | (170,620,905 ) | 428 | 7,817,512 | (2,886 ) | 330,800 | 7,819,076 |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
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Columbia Variable Portfolio – Select Large Cap Equity Fund | First Quarter Report 2024