First Quarter Report
March 31, 2023 (Unaudited)
March 31, 2023 (Unaudited)
Columbia
Acorn® Fund
Acorn® Fund
Columbia
Acorn International®
Acorn International®
Columbia
Acorn USA®
Acorn USA®
Columbia
Acorn International SelectSM
Acorn International SelectSM
Columbia
Thermostat FundSM
Thermostat FundSM
Columbia
Acorn European FundSM
Acorn European FundSM
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Portfolio of Investments
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 97.0% | ||
Issuer | Shares | Value ($) |
Communication Services 2.6% | ||
Entertainment 1.3% | ||
Take-Two Interactive Software, Inc.(a) | 290,329 | 34,636,250 |
Media 1.3% | ||
Trade Desk, Inc. (The), Class A(a) | 549,801 | 33,488,379 |
Total Communication Services | 68,124,629 | |
Consumer Discretionary 17.2% | ||
Auto Components 1.4% | ||
Dorman Products, Inc.(a) | 447,119 | 38,568,485 |
Broadline Retail 0.8% | ||
Etsy, Inc.(a) | 203,287 | 22,631,942 |
Diversified Consumer Services 2.1% | ||
Bright Horizons Family Solutions, Inc.(a) | 728,178 | 56,062,424 |
Hotels, Restaurants & Leisure 5.5% | ||
Churchill Downs, Inc. | 247,102 | 63,517,569 |
Planet Fitness, Inc., Class A(a) | 316,077 | 24,549,700 |
Wingstop, Inc. | 316,915 | 58,179,256 |
Total | 146,246,525 | |
Household Durables 2.7% | ||
Skyline Champion Corp.(a) | 760,602 | 57,220,089 |
TopBuild Corp.(a) | 68,658 | 14,290,476 |
Total | 71,510,565 | |
Specialty Retail 4.7% | ||
Five Below, Inc.(a) | 239,422 | 49,313,749 |
Floor & Decor Holdings, Inc., Class A(a) | 277,987 | 27,303,883 |
Williams-Sonoma, Inc. | 392,304 | 47,727,705 |
Total | 124,345,337 | |
Total Consumer Discretionary | 459,365,278 | |
Consumer Staples 2.6% | ||
Consumer Staples Distribution & Retail 1.1% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 383,088 | 29,141,504 |
Household Products 1.5% | ||
WD-40 Co. | 232,936 | 41,474,255 |
Total Consumer Staples | 70,615,759 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Energy 2.9% | ||
Energy Equipment & Services 0.4% | ||
ChampionX Corp. | 179,225 | 4,862,374 |
Helix Energy Solutions Group, Inc.(a) | 653,135 | 5,055,265 |
Total | 9,917,639 | |
Oil, Gas & Consumable Fuels 2.5% | ||
Antero Resources Corp.(a) | 816,625 | 18,855,871 |
Diamondback Energy, Inc. | 331,074 | 44,751,273 |
HF Sinclair Corp. | 104,327 | 5,047,340 |
Total | 68,654,484 | |
Total Energy | 78,572,123 | |
Financials 7.0% | ||
Banks 1.8% | ||
Lakeland Financial Corp. | 295,543 | 18,512,813 |
Pinnacle Financial Partners, Inc. | 330,352 | 18,222,216 |
Western Alliance Bancorp | 323,364 | 11,492,357 |
Total | 48,227,386 | |
Capital Markets 3.4% | ||
Ares Management Corp., Class A | 453,078 | 37,804,828 |
GCM Grosvenor, Inc., Class A(b) | 3,261,587 | 25,472,995 |
Houlihan Lokey, Inc., Class A | 331,538 | 29,006,260 |
Total | 92,284,083 | |
Insurance 1.8% | ||
Ryan Specialty Holdings, Inc., Class A(a) | 1,167,954 | 46,998,469 |
Total Financials | 187,509,938 | |
Health Care 17.5% | ||
Biotechnology 3.9% | ||
Exact Sciences Corp.(a) | 557,072 | 37,775,052 |
Natera, Inc.(a) | 922,407 | 51,212,037 |
Sarepta Therapeutics, Inc.(a) | 108,981 | 15,020,851 |
Total | 104,007,940 | |
Health Care Equipment & Supplies 2.6% | ||
Inspire Medical Systems, Inc.(a) | 111,666 | 26,137,661 |
Insulet Corp.(a) | 102,505 | 32,694,995 |
Outset Medical, Inc.(a) | 552,170 | 10,159,928 |
Total | 68,992,584 |
2 | Columbia Acorn® Fund | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services 3.0% | ||
Amedisys, Inc.(a) | 353,937 | 26,032,066 |
Chemed Corp. | 96,252 | 51,759,513 |
P3 Health Partners, Inc., Class A(a),(b) | 2,500,000 | 2,650,000 |
Total | 80,441,579 | |
Life Sciences Tools & Services 8.0% | ||
Bio-Techne Corp. | 918,611 | 68,151,750 |
Repligen Corp.(a) | 340,265 | 57,287,015 |
West Pharmaceutical Services, Inc. | 255,652 | 88,575,749 |
Total | 214,014,514 | |
Total Health Care | 467,456,617 | |
Industrials 20.4% | ||
Aerospace & Defense 3.5% | ||
Axon Enterprise, Inc.(a) | 227,488 | 51,150,677 |
Curtiss-Wright Corp. | 233,803 | 41,210,117 |
Total | 92,360,794 | |
Building Products 1.1% | ||
Simpson Manufacturing Co., Inc. | 267,300 | 29,306,772 |
Commercial Services & Supplies 2.3% | ||
Casella Waste Systems, Inc., Class A(a) | 400,169 | 33,077,969 |
Rollins, Inc. | 789,964 | 29,647,349 |
Total | 62,725,318 | |
Construction & Engineering 0.9% | ||
WillScot Mobile Mini Holdings Corp.(a) | 520,744 | 24,412,479 |
Electrical Equipment 2.8% | ||
AMETEK, Inc. | 156,657 | 22,766,962 |
Atkore, Inc.(a) | 207,423 | 29,138,783 |
Generac Holdings, Inc.(a) | 208,119 | 22,478,933 |
Total | 74,384,678 | |
Machinery 2.5% | ||
Middleby Corp. (The)(a) | 263,679 | 38,657,978 |
SPX Technologies, Inc.(a) | 393,936 | 27,804,003 |
Total | 66,461,981 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Professional Services 4.9% | ||
CoStar Group, Inc.(a) | 285,139 | 19,631,820 |
Exponent, Inc. | 147,903 | 14,744,450 |
ICF International, Inc. | 330,012 | 36,202,317 |
Paycom Software, Inc.(a) | 198,308 | 60,287,615 |
Total | 130,866,202 | |
Trading Companies & Distributors 2.4% | ||
SiteOne Landscape Supply, Inc.(a) | 473,575 | 64,818,210 |
Total Industrials | 545,336,434 | |
Information Technology 18.7% | ||
Communications Equipment 1.2% | ||
Calix, Inc.(a) | 589,816 | 31,608,239 |
Electronic Equipment, Instruments & Components 1.7% | ||
CDW Corp. | 228,918 | 44,613,829 |
IT Services 3.6% | ||
Endava PLC, ADR(a) | 194,368 | 13,057,642 |
Globant SA(a) | 66,849 | 10,963,905 |
MongoDB, Inc.(a) | 108,920 | 25,391,430 |
VeriSign, Inc.(a) | 228,262 | 48,238,609 |
Total | 97,651,586 | |
Semiconductors & Semiconductor Equipment 4.4% | ||
Lattice Semiconductor Corp.(a) | 330,803 | 31,591,687 |
Marvell Technology, Inc. | 632,927 | 27,405,739 |
Monolithic Power Systems, Inc. | 90,821 | 45,459,543 |
Wolfspeed, Inc.(a) | 220,093 | 14,295,040 |
Total | 118,752,009 | |
Software 7.8% | ||
Atlassian Corp., Class A(a) | 206,894 | 35,414,046 |
Crowdstrike Holdings, Inc., Class A(a) | 64,956 | 8,915,861 |
Datadog, Inc., Class A(a) | 154,349 | 11,214,998 |
Five9, Inc.(a) | 331,192 | 23,941,870 |
HubSpot, Inc.(a) | 69,376 | 29,744,960 |
Sprout Social, Inc., Class A(a) | 625,411 | 38,075,022 |
Workiva, Inc., Class A(a) | 285,752 | 29,263,862 |
Zscaler, Inc.(a) | 272,483 | 31,834,189 |
Total | 208,404,808 | |
Total Information Technology | 501,030,471 |
Columbia Acorn® Fund | First Quarter Report 2023 | 3 |
Portfolio of Investments (continued)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Materials 4.9% | ||
Chemicals 2.2% | ||
Albemarle Corp. | 103,872 | 22,959,867 |
Avient Corp. | 878,708 | 36,167,621 |
Total | 59,127,488 | |
Construction Materials 0.7% | ||
Vulcan Materials Co. | 107,121 | 18,377,679 |
Containers & Packaging 2.0% | ||
Avery Dennison Corp. | 300,436 | 53,757,013 |
Total Materials | 131,262,180 | |
Real Estate 3.2% | ||
Real Estate Management & Development 3.2% | ||
Colliers International Group, Inc. | 517,006 | 54,569,983 |
FirstService Corp. | 209,311 | 29,510,758 |
Total | 84,080,741 | |
Total Real Estate | 84,080,741 | |
Total Common Stocks (Cost $2,274,158,448) | 2,593,354,170 | |
Money Market Funds 3.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.983%(b),(c) | 78,418,174 | 78,402,490 |
Total Money Market Funds (Cost $78,387,030) | 78,402,490 | |
Total Investments in Securities (Cost: $2,352,545,478) | 2,671,756,660 | |
Other Assets & Liabilities, Net | 1,240,041 | |
Net Assets | 2,672,996,701 |
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.983% | ||||||||
75,773,186 | 251,712,063 | (249,093,222) | 10,463 | 78,402,490 | (11,950) | 794,792 | 78,418,174 | |
GCM Grosvenor, Inc., Class A | ||||||||
24,820,677 | — | — | 652,318 | 25,472,995 | — | 358,775 | 3,261,587 | |
P3 Health Partners, Inc., Class A | ||||||||
4,600,000 | — | — | (1,950,000) | 2,650,000 | — | — | 2,500,000 | |
Total | 105,193,863 | (1,287,219) | 106,525,485 | (11,950) | 1,153,567 |
(c) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
Abbreviation Legend
ADR | American Depositary Receipt |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
4 | Columbia Acorn® Fund | First Quarter Report 2023 |
Portfolio of Investments
Columbia Acorn International®, March 31, 2023 (Unaudited)
Columbia Acorn International®, March 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 95.6% | ||
Issuer | Shares | Value ($) |
Australia 5.5% | ||
carsales.com Ltd. | 924,880 | 13,822,366 |
IDP Education Ltd. | 1,784,670 | 32,888,752 |
Johns Lyng Group Ltd. | 3,025,695 | 13,044,743 |
Pro Medicus Ltd.(a) | 430,384 | 18,562,261 |
Total | 78,318,122 | |
Brazil 1.3% | ||
TOTVS SA | 3,430,474 | 19,032,432 |
Canada 5.7% | ||
Altus Group Ltd. | 430,766 | 18,292,017 |
ARC Resources Ltd. | 1,226,491 | 13,912,029 |
Osisko Gold Royalties Ltd. | 1,777,362 | 28,090,605 |
Richelieu Hardware Ltd. | 247,802 | 6,846,412 |
Whitecap Resources, Inc. | 1,766,691 | 13,660,319 |
Total | 80,801,382 | |
China 2.1% | ||
Shenzhou International Group Holdings Ltd. | 1,351,900 | 14,181,653 |
Silergy Corp. | 977,000 | 15,511,426 |
Total | 29,693,079 | |
Denmark 2.8% | ||
ALK-Abello A/S(b) | 1,670,674 | 25,923,362 |
Netcompany Group AS(b) | 362,909 | 13,244,037 |
Total | 39,167,399 | |
Finland 2.4% | ||
Valmet OYJ | 1,028,541 | 33,390,350 |
France 1.3% | ||
Edenred | 125,704 | 7,439,762 |
Robertet SA | 11,095 | 10,564,559 |
Total | 18,004,321 | |
Germany 6.1% | ||
Amadeus Fire AG | 57,214 | 8,613,132 |
Eckert & Ziegler Strahlen- und Medizintechnik AG | 347,570 | 15,710,296 |
Hypoport SE(b) | 95,379 | 13,170,675 |
Jenoptik AG | 856,372 | 29,184,045 |
Nemetschek SE | 293,235 | 20,242,252 |
Total | 86,920,400 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
India 0.5% | ||
ICICI Prudential Life Insurance Co., Ltd. | 1,253,679 | 6,661,922 |
Italy 3.8% | ||
Amplifon SpA | 959,534 | 33,257,964 |
Carel Industries SpA | 306,550 | 8,366,929 |
Nexi SpA(b) | 1,574,414 | 12,795,486 |
Total | 54,420,379 | |
Japan 14.9% | ||
Aruhi Corp. | 914,900 | 7,357,725 |
CyberAgent, Inc. | 1,414,600 | 11,985,658 |
Daiseki Co., Ltd. | 953,519 | 30,308,015 |
Disco Corp. | 222,000 | 25,825,641 |
Fuso Chemical Co., Ltd. | 572,700 | 16,364,842 |
Hikari Tsushin, Inc. | 217,728 | 30,596,566 |
Hoshizaki Corp. | 830,200 | 30,671,183 |
Insource Co., Ltd. | 733,300 | 7,502,062 |
Obic Co., Ltd. | 97,500 | 15,443,370 |
Seiren Co., Ltd. | 597,900 | 10,557,371 |
Simplex Holdings, Inc. | 794,300 | 14,703,047 |
Solasto Corp. | 2,012,300 | 9,672,127 |
Total | 210,987,607 | |
Mexico 3.4% | ||
Corporación Inmobiliaria Vesta SAB de CV | 11,645,314 | 36,642,026 |
Grupo Aeroportuario del Centro Norte SAB de CV | 1,089,909 | 12,171,658 |
Total | 48,813,684 | |
Netherlands 3.5% | ||
BE Semiconductor Industries NV | 131,418 | 11,486,667 |
IMCD NV | 230,066 | 37,619,446 |
Total | 49,106,113 | |
New Zealand 2.0% | ||
Fisher & Paykel Healthcare Corp., Ltd. | 1,712,023 | 28,619,716 |
Norway 0.3% | ||
AutoStore Holdings Ltd.(b),(c) | 1,926,241 | 4,158,305 |
South Korea 3.9% | ||
Jeisys Medical, Inc. | 2,611,263 | 17,386,725 |
KEPCO Plant Service & Engineering Co., Ltd. | 245,542 | 7,148,246 |
Columbia Acorn International® | First Quarter Report 2023 | 5 |
Portfolio of Investments (continued)
Columbia Acorn International®, March 31, 2023 (Unaudited)
Columbia Acorn International®, March 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Koh Young Technology, Inc. | 548,479 | 7,197,678 |
Korea Investment Holdings Co., Ltd. | 553,211 | 23,482,105 |
Total | 55,214,754 | |
Spain 0.4% | ||
Befesa SA | 118,565 | 5,387,693 |
Sweden 8.7% | ||
AddTech AB, B Shares | 1,865,897 | 34,676,737 |
Dometic Group AB | 1,186,295 | 7,243,825 |
Hexagon AB, Class B | 4,123,484 | 47,458,855 |
Munters Group AB | 1,570,947 | 14,510,772 |
Sectra AB, Class B(b) | 1,210,509 | 18,933,787 |
Total | 122,823,976 | |
Switzerland 3.0% | ||
Belimo Holding AG, Registered Shares | 57,289 | 27,689,317 |
Inficon Holding AG | 13,970 | 15,150,548 |
Total | 42,839,865 | |
Taiwan 5.8% | ||
Parade Technologies Ltd. | 771,000 | 26,693,454 |
Sinbon Electronics Co., Ltd. | 2,047,000 | 23,038,347 |
Universal Vision Biotechnology Co., Ltd. | 1,105,550 | 14,428,674 |
Voltronic Power Technology Corp. | 306,408 | 17,448,000 |
Total | 81,608,475 | |
United Kingdom 14.7% | ||
Abcam PLC, ADR(b) | 539,411 | 7,260,472 |
Auto Trader Group PLC | 3,252,861 | 24,811,841 |
Dechra Pharmaceuticals PLC | 785,627 | 25,721,020 |
Genus PLC | 455,892 | 16,203,209 |
Halma PLC | 711,700 | 19,647,552 |
Intermediate Capital Group PLC | 1,439,091 | 21,721,620 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Rentokil Initial PLC | 2,244,634 | 16,405,013 |
Rightmove PLC | 5,339,490 | 37,166,313 |
Safestore Holdings PLC | 1,500,901 | 17,617,047 |
Spirax-Sarco Engineering PLC | 149,106 | 21,892,167 |
Total | 208,446,254 | |
United States 2.0% | ||
Inter Parfums, Inc. | 199,101 | 28,320,126 |
Vietnam 1.5% | ||
Asia Commercial Bank JSC(b) | 9,760,665 | 10,435,294 |
FPT Corp. | 3,258,040 | 11,001,701 |
Total | 21,436,995 | |
Total Common Stocks (Cost $1,063,852,204) | 1,354,173,349 | |
Securities Lending Collateral 0.1% | ||
Dreyfus Government Cash Management Fund, Institutional Shares, 4.705%(d),(e) | 494,670 | 494,670 |
Total Securities Lending Collateral (Cost $494,670) | 494,670 | |
Money Market Funds 4.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.983%(d),(f) | 56,917,199 | 56,905,816 |
Total Money Market Funds (Cost $56,897,133) | 56,905,816 | |
Total Investments in Securities (Cost $1,121,244,007) | 1,411,573,835 | |
Obligation to Return Collateral for Securities Loaned | (494,670) | |
Other Assets & Liabilities, Net | 5,357,434 | |
Net Assets | $1,416,436,599 |
At March 31, 2023, securities and/or cash totaling $452,900 were pledged as collateral.
Investments in derivatives
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
MSCI Emerging Markets Index | 279 | 06/2023 | USD | 13,887,225 | 304,959 | — |
6 | Columbia Acorn International® | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn International®, March 31, 2023 (Unaudited)
Columbia Acorn International®, March 31, 2023 (Unaudited)
Notes to Portfolio of Investments
(a) | All or a portion of this security was on loan at March 31, 2023. The total market value of securities on loan at March 31, 2023 was $471,108. |
(b) | Non-income producing investment. |
(c) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At March 31, 2023, the total value of these securities amounted to $4,158,305, which represents 0.29% of total net assets. |
(d) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
(e) | Investment made with cash collateral received from securities lending activity. |
(f) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.983% | ||||||||
10,828,339 | 117,069,373 | (70,999,518) | 7,622 | 56,905,816 | (5,639) | 602,403 | 56,917,199 |
Abbreviation Legend
ADR | American Depositary Receipt |
Currency Legend
USD | US Dollar |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Acorn International® | First Quarter Report 2023 | 7 |
Portfolio of Investments
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 97.3% | ||
Issuer | Shares | Value ($) |
Communication Services 2.5% | ||
Entertainment 1.3% | ||
Take-Two Interactive Software, Inc.(a) | 18,608 | 2,219,934 |
Media 1.2% | ||
Trade Desk, Inc. (The), Class A(a) | 34,894 | 2,125,394 |
Total Communication Services | 4,345,328 | |
Consumer Discretionary 17.2% | ||
Auto Components 1.4% | ||
Dorman Products, Inc.(a) | 28,648 | 2,471,176 |
Broadline Retail 0.8% | ||
Etsy, Inc.(a) | 12,902 | 1,436,380 |
Diversified Consumer Services 2.1% | ||
Bright Horizons Family Solutions, Inc.(a) | 46,691 | 3,594,740 |
Hotels, Restaurants & Leisure 5.5% | ||
Churchill Downs, Inc. | 15,845 | 4,072,958 |
Planet Fitness, Inc., Class A(a) | 20,366 | 1,581,827 |
Wingstop, Inc. | 20,321 | 3,730,529 |
Total | 9,385,314 | |
Household Durables 2.7% | ||
Skyline Champion Corp.(a) | 48,750 | 3,667,463 |
TopBuild Corp.(a) | 4,402 | 916,232 |
Total | 4,583,695 | |
Specialty Retail 4.7% | ||
Five Below, Inc.(a) | 15,327 | 3,156,902 |
Floor & Decor Holdings, Inc., Class A(a) | 17,643 | 1,732,896 |
Williams-Sonoma, Inc. | 25,146 | 3,059,262 |
Total | 7,949,060 | |
Total Consumer Discretionary | 29,420,365 | |
Consumer Staples 2.7% | ||
Consumer Staples Distribution & Retail 1.1% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 24,555 | 1,867,899 |
Household Products 1.6% | ||
WD-40 Co. | 14,938 | 2,659,711 |
Total Consumer Staples | 4,527,610 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Energy 3.0% | ||
Energy Equipment & Services 0.4% | ||
ChampionX Corp. | 11,473 | 311,263 |
Helix Energy Solutions Group, Inc.(a) | 41,810 | 323,609 |
Total | 634,872 | |
Oil, Gas & Consumable Fuels 2.6% | ||
Antero Resources Corp.(a) | 52,380 | 1,209,454 |
Diamondback Energy, Inc. | 21,281 | 2,876,553 |
HF Sinclair Corp. | 6,678 | 323,081 |
Total | 4,409,088 | |
Total Energy | 5,043,960 | |
Financials 7.0% | ||
Banks 1.8% | ||
Lakeland Financial Corp. | 18,950 | 1,187,028 |
Pinnacle Financial Partners, Inc. | 21,185 | 1,168,565 |
Western Alliance Bancorp | 20,735 | 736,922 |
Total | 3,092,515 | |
Capital Markets 3.4% | ||
Ares Management Corp., Class A | 29,050 | 2,423,932 |
GCM Grosvenor, Inc., Class A | 207,001 | 1,616,678 |
Houlihan Lokey, Inc., Class A | 21,293 | 1,862,924 |
Total | 5,903,534 | |
Insurance 1.8% | ||
Ryan Specialty Holdings, Inc., Class A(a) | 75,164 | 3,024,599 |
Total Financials | 12,020,648 | |
Health Care 17.7% | ||
Biotechnology 3.9% | ||
Exact Sciences Corp.(a) | 35,671 | 2,418,851 |
Natera, Inc.(a) | 59,124 | 3,282,564 |
Sarepta Therapeutics, Inc.(a) | 6,984 | 962,605 |
Total | 6,664,020 | |
Health Care Equipment & Supplies 2.6% | ||
Inspire Medical Systems, Inc.(a) | 7,087 | 1,658,854 |
Insulet Corp.(a) | 6,570 | 2,095,567 |
Outset Medical, Inc.(a) | 35,392 | 651,213 |
Total | 4,405,634 |
8 | Columbia Acorn USA® | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care Providers & Services 3.0% | ||
Amedisys, Inc.(a) | 22,686 | 1,668,555 |
Chemed Corp. | 6,172 | 3,318,993 |
P3 Health Partners, Inc., Class A(a),(b) | 158,666 | 168,186 |
Total | 5,155,734 | |
Life Sciences Tools & Services 8.2% | ||
Bio-Techne Corp. | 59,052 | 4,381,068 |
DNA Script(a),(c),(d),(e) | 1,139 | 349,500 |
Repligen Corp.(a) | 21,595 | 3,635,734 |
West Pharmaceutical Services, Inc. | 16,418 | 5,688,345 |
Total | 14,054,647 | |
Total Health Care | 30,280,035 | |
Industrials 20.4% | ||
Aerospace & Defense 3.5% | ||
Axon Enterprise, Inc.(a) | 14,581 | 3,278,538 |
Curtiss-Wright Corp. | 14,997 | 2,643,371 |
Total | 5,921,909 | |
Building Products 1.1% | ||
Simpson Manufacturing Co., Inc. | 17,018 | 1,865,854 |
Commercial Services & Supplies 2.3% | ||
Casella Waste Systems, Inc., Class A(a) | 25,640 | 2,119,402 |
Rollins, Inc. | 50,136 | 1,881,604 |
Total | 4,001,006 | |
Construction & Engineering 0.9% | ||
WillScot Mobile Mini Holdings Corp.(a) | 33,473 | 1,569,214 |
Electrical Equipment 2.8% | ||
AMETEK, Inc. | 9,974 | 1,449,521 |
Atkore, Inc.(a) | 13,201 | 1,854,477 |
Generac Holdings, Inc.(a) | 13,209 | 1,426,704 |
Total | 4,730,702 | |
Machinery 2.5% | ||
Middleby Corp. (The)(a) | 16,784 | 2,460,702 |
SPX Technologies, Inc.(a) | 25,268 | 1,783,416 |
Total | 4,244,118 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Professional Services 4.9% | ||
CoStar Group, Inc.(a) | 18,282 | 1,258,716 |
Exponent, Inc. | 9,487 | 945,759 |
ICF International, Inc. | 20,945 | 2,297,666 |
Paycom Software, Inc.(a) | 12,709 | 3,863,663 |
Total | 8,365,804 | |
Trading Companies & Distributors 2.4% | ||
SiteOne Landscape Supply, Inc.(a) | 30,056 | 4,113,765 |
Total Industrials | 34,812,372 | |
Information Technology 18.8% | ||
Communications Equipment 1.2% | ||
Calix, Inc.(a) | 37,819 | 2,026,720 |
Electronic Equipment, Instruments & Components 1.7% | ||
CDW Corp. | 14,654 | 2,855,918 |
IT Services 3.7% | ||
Endava PLC, ADR(a) | 12,463 | 837,264 |
Globant SA(a) | 4,279 | 701,799 |
MongoDB, Inc.(a) | 6,980 | 1,627,178 |
VeriSign, Inc.(a) | 14,631 | 3,091,969 |
Total | 6,258,210 | |
Semiconductors & Semiconductor Equipment 4.4% | ||
Lattice Semiconductor Corp.(a) | 21,204 | 2,024,982 |
Marvell Technology, Inc. | 40,684 | 1,761,617 |
Monolithic Power Systems, Inc. | 5,820 | 2,913,143 |
Wolfspeed, Inc.(a) | 13,968 | 907,222 |
Total | 7,606,964 | |
Software 7.8% | ||
Atlassian Corp., Class A(a) | 13,261 | 2,269,885 |
Crowdstrike Holdings, Inc., Class A(a) | 4,175 | 573,061 |
Datadog, Inc., Class A(a) | 9,891 | 718,680 |
Five9, Inc.(a) | 21,236 | 1,535,150 |
HubSpot, Inc.(a) | 4,441 | 1,904,079 |
Sprout Social, Inc., Class A(a) | 40,080 | 2,440,070 |
Workiva, Inc., Class A(a) | 18,136 | 1,857,308 |
Zscaler, Inc.(a) | 17,516 | 2,046,394 |
Total | 13,344,627 | |
Total Information Technology | 32,092,439 |
Columbia Acorn USA® | First Quarter Report 2023 | 9 |
Portfolio of Investments (continued)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Materials 4.9% | ||
Chemicals 2.2% | ||
Albemarle Corp. | 6,651 | 1,470,137 |
Avient Corp. | 56,300 | 2,317,308 |
Total | 3,787,445 | |
Construction Materials 0.7% | ||
Vulcan Materials Co. | 6,799 | 1,166,436 |
Containers & Packaging 2.0% | ||
Avery Dennison Corp. | 19,232 | 3,441,182 |
Total Materials | 8,395,063 | |
Real Estate 3.1% | ||
Real Estate Management & Development 3.1% | ||
Colliers International Group, Inc. | 32,812 | 3,463,307 |
FirstService Corp. | 13,284 | 1,872,911 |
Total | 5,336,218 | |
Total Real Estate | 5,336,218 | |
Total Common Stocks (Cost $146,252,659) | 166,274,038 | |
Securities Lending Collateral 0.0% | ||
Issuer | Shares | Value ($) |
Dreyfus Government Cash Management Fund, Institutional Shares, 4.705%(f),(g) | 115,250 | 115,250 |
Total Securities Lending Collateral (Cost $115,250) | 115,250 | |
Money Market Funds 2.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.983%(f),(h) | 4,584,079 | 4,583,163 |
Total Money Market Funds (Cost $4,582,239) | 4,583,163 | |
Total Investments in Securities (Cost: $150,950,148) | 170,972,451 | |
Obligation to Return Collateral for Securities Loaned | (115,250) | |
Other Assets & Liabilities, Net | 54,446 | |
Net Assets | 170,911,647 |
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | All or a portion of this security was on loan at March 31, 2023. The total market value of securities on loan at March 31, 2023 was $97,732. |
(c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At March 31, 2023, the total value of these securities amounted to $349,500, which represents 0.20% of total net assets. |
(d) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund’s Board of Trustees. At March 31, 2023, the total market value of these securities amounted to $349,500, which represents 0.20% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
DNA Script | 10/01/2021 | 1,139 | 993,179 | 349,500 |
(e) | Valuation based on significant unobservable inputs. |
(f) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
(g) | Investment made with cash collateral received from securities lending activity. |
10 | Columbia Acorn USA® | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Notes to Portfolio of Investments (continued)
(h) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.983% | ||||||||
4,531,820 | 16,672,764 | (16,621,590) | 169 | 4,583,163 | (307) | 53,871 | 4,584,079 |
Abbreviation Legend
ADR | American Depositary Receipt |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Fund Reorganization
The Board of Trustees approved an Agreement and Plan of Reorganization to reorganize the Fund with and into Columbia Acorn® Fund. Pursuant to applicable law (including the 1940 Act) the reorganization was implemented without shareholder approval. The reorganization occurred on April 21, 2023 and is expected to be a tax-free reorganization for U.S. federal income tax purposes.
Columbia Acorn USA® | First Quarter Report 2023 | 11 |
Portfolio of Investments
Columbia Acorn International SelectSM, March 31, 2023 (Unaudited)
Columbia Acorn International SelectSM, March 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 97.1% | ||
Issuer | Shares | Value ($) |
Australia 3.8% | ||
IDP Education Ltd. | 498,540 | 9,187,333 |
Brazil 2.3% | ||
TOTVS SA | 986,407 | 5,472,633 |
Canada 2.3% | ||
CCL Industries, Inc. | 111,069 | 5,517,701 |
China 6.9% | ||
NetEase, Inc., ADR | 71,975 | 6,365,469 |
Shenzhou International Group Holdings Ltd. | 567,800 | 5,956,315 |
Silergy Corp. | 269,000 | 4,270,802 |
Total | 16,592,586 | |
Denmark 2.0% | ||
ALK-Abello A/S(a) | 308,031 | 4,779,627 |
Finland 4.1% | ||
Valmet OYJ | 307,318 | 9,976,710 |
Germany 2.7% | ||
Nemetschek SE | 93,206 | 6,434,086 |
Italy 4.0% | ||
Amplifon SpA | 157,413 | 5,456,019 |
Nexi SpA(a) | 527,233 | 4,284,898 |
Total | 9,740,917 | |
Japan 13.2% | ||
Disco Corp. | 49,500 | 5,758,420 |
Hikari Tsushin, Inc. | 36,400 | 5,115,167 |
Hoshizaki Corp. | 150,400 | 5,556,427 |
Obic Co., Ltd. | 32,300 | 5,116,111 |
Recruit Holdings Co., Ltd. | 374,800 | 10,310,388 |
Total | 31,856,513 | |
Mexico 2.3% | ||
Corporación Inmobiliaria Vesta SAB de CV | 1,738,756 | 5,471,003 |
Netherlands 4.1% | ||
IMCD NV | 60,560 | 9,902,522 |
New Zealand 4.0% | ||
Fisher & Paykel Healthcare Corp., Ltd. | 579,825 | 9,692,876 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
South Korea 1.8% | ||
Korea Investment Holdings Co., Ltd. | 102,963 | 4,370,463 |
Sweden 13.8% | ||
AddTech AB, B Shares | 265,178 | 4,928,197 |
Hexagon AB, Class B | 1,057,459 | 12,170,726 |
Sectra AB, Class B(a) | 662,356 | 10,360,028 |
Sweco AB, Class B | 451,411 | 5,733,193 |
Total | 33,192,144 | |
Switzerland 8.8% | ||
Belimo Holding AG, Registered Shares | 19,272 | 9,314,677 |
Lonza Group AG, Registered Shares | 19,693 | 11,855,180 |
Total | 21,169,857 | |
Taiwan 6.7% | ||
Parade Technologies Ltd. | 236,000 | 8,170,759 |
Voltronic Power Technology Corp. | 142,852 | 8,134,519 |
Total | 16,305,278 | |
United Kingdom 14.3% | ||
Dechra Pharmaceuticals PLC | 187,717 | 6,145,757 |
Diploma PLC | 182,137 | 6,341,589 |
Halma PLC | 195,633 | 5,400,744 |
Intermediate Capital Group PLC | 328,569 | 4,959,416 |
Rightmove PLC | 1,021,675 | 7,111,521 |
Spirax-Sarco Engineering PLC | 31,083 | 4,563,695 |
Total | 34,522,722 | |
Total Common Stocks (Cost $211,650,942) | 234,184,971 | |
Money Market Funds 2.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.983%(b),(c) | 6,464,288 | 6,462,995 |
Total Money Market Funds (Cost $6,461,523) | 6,462,995 | |
Total Investments in Securities (Cost $218,112,465) | 240,647,966 | |
Other Assets & Liabilities, Net | 430,708 | |
Net Assets | $241,078,674 |
12 | Columbia Acorn International SelectSM | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn International SelectSM, March 31, 2023 (Unaudited)
Columbia Acorn International SelectSM, March 31, 2023 (Unaudited)
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.983% | ||||||||
2,143,192 | 22,671,300 | (18,352,952) | 1,455 | 6,462,995 | 20 | 48,428 | 6,464,288 |
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 Acorn International SelectSM | First Quarter Report 2023 | 13 |
Portfolio of Investments
Columbia Thermostat FundSM, March 31, 2023 (Unaudited)
Columbia Thermostat FundSM, March 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Equity Funds 22.8% | ||
Shares | Value ($) | |
International 2.5% | ||
Columbia Emerging Markets Fund, Institutional 3 Class(a),(b) | 2,891,659 | 34,613,162 |
U.S. Large Cap 15.2% | ||
Columbia Contrarian Core Fund, Institutional 3 Class(a) | 1,922,159 | 52,667,163 |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) | 2,336,893 | 52,696,937 |
Columbia Large Cap Index Fund, Institutional 3 Class(a) | 2,251,920 | 105,457,422 |
Total | 210,821,522 | |
U.S. Mid Cap 2.5% | ||
Columbia Select Mid Cap Value Fund, Institutional 3 Class(a) | 2,944,215 | 35,153,931 |
U.S. Small Mid Cap 2.6% | ||
Columbia Acorn® Fund, Institutional 3 Class(a),(b) | 3,184,310 | 35,313,992 |
Total Equity Funds (Cost $287,232,555) | 315,902,607 | |
Exchange-Traded Equity Funds 2.5% | ||
U.S. Large Cap 2.5% | ||
Columbia Research Enhanced Core ETF(a) | 1,462,922 | 35,130,316 |
Total Exchange-Traded Equity Funds (Cost $32,634,001) | 35,130,316 | |
Exchange-Traded Fixed Income Funds 7.5% | ||
Multisector 7.5% | ||
Columbia Diversified Fixed Income Allocation ETF(a) | 5,819,196 | 103,989,033 |
Total Exchange-Traded Fixed Income Funds (Cost $115,377,857) | 103,989,033 | |
Fixed Income Funds 66.6% | ||
Shares | Value ($) | |
Investment Grade 66.6% | ||
Columbia Corporate Income Fund, Institutional 3 Class(a) | 11,510,852 | 103,827,883 |
Columbia Quality Income Fund, Institutional 3 Class(a) | 11,351,317 | 204,891,277 |
Columbia Short Term Bond Fund, Institutional 3 Class(a) | 16,187,334 | 152,970,307 |
Columbia Total Return Bond Fund, Institutional 3 Class(a) | 3,365,157 | 102,973,805 |
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) | 35,043,602 | 358,496,044 |
Total | 923,159,316 | |
Total Fixed Income Funds (Cost $1,018,292,932) | 923,159,316 | |
Money Market Funds 0.1% | ||
Columbia Short-Term Cash Fund, 4.983%(a),(c) | 2,016,664 | 2,016,260 |
Total Money Market Funds (Cost $2,016,259) | 2,016,260 | |
Total Investments in Securities (Cost: $1,455,553,604) | 1,380,197,532 | |
Other Assets & Liabilities, Net | 6,332,970 | |
Net Assets | 1,386,530,502 |
14 | Columbia Thermostat FundSM | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Thermostat FundSM, March 31, 2023 (Unaudited)
Columbia Thermostat FundSM, March 31, 2023 (Unaudited)
Notes to Portfolio of Investments
(a) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Capital gain distributions($) | Realized gain (loss)($) | Dividends — affiliated issuers ($) | End of period shares |
Columbia Acorn® Fund, Institutional 3 Class | |||||||||
20,526,610 | 28,341,323 | (15,646,106) | 2,092,165 | 35,313,992 | — | 2,072,525 | — | 3,184,310 | |
Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
30,404,160 | 41,605,244 | (24,360,796) | 5,018,555 | 52,667,163 | — | 513,657 | — | 1,922,159 | |
Columbia Corporate Income Fund, Institutional 3 Class | |||||||||
114,873,896 | 15,134,495 | (31,976,016) | 5,795,508 | 103,827,883 | — | (2,958,090) | 1,073,427 | 11,510,852 | |
Columbia Diversified Fixed Income Allocation ETF | |||||||||
115,127,713 | 15,198,429 | (32,215,498) | 5,878,389 | 103,989,033 | — | (3,002,153) | 596,584 | 5,819,196 | |
Columbia Emerging Markets Fund, Institutional 3 Class | |||||||||
20,889,634 | 28,574,705 | (15,740,931) | 889,754 | 34,613,162 | — | 1,192,125 | — | 2,891,659 | |
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | |||||||||
30,435,205 | 41,470,532 | (22,492,260) | 3,283,460 | 52,696,937 | — | 1,966,534 | — | 2,336,893 | |
Columbia Large Cap Index Fund, Institutional 3 Class | |||||||||
61,073,643 | 83,110,544 | (46,642,813) | 7,916,048 | 105,457,422 | — | 1,701,626 | — | 2,251,920 | |
Columbia Quality Income Fund, Institutional 3 Class | |||||||||
230,219,391 | 33,432,923 | (68,356,349) | 9,595,312 | 204,891,277 | — | (7,480,137) | 2,027,335 | 11,351,317 | |
Columbia Research Enhanced Core ETF | |||||||||
20,231,103 | 27,979,413 | (14,444,161) | 1,363,961 | 35,130,316 | — | 1,169,898 | — | 1,462,922 | |
Columbia Select Mid Cap Value Fund, Institutional 3 Class | |||||||||
20,582,824 | 29,766,266 | (15,172,633) | (22,526) | 35,153,931 | — | 1,233,705 | 95,471 | 2,944,215 | |
Columbia Short Term Bond Fund, Institutional 3 Class | |||||||||
172,099,694 | 26,282,093 | (48,465,764) | 3,054,284 | 152,970,307 | — | (1,461,487) | 1,713,907 | 16,187,334 | |
Columbia Short-Term Cash Fund, 4.983% | |||||||||
3,993,005 | 43,677,544 | (45,654,289) | — | 2,016,260 | — | 1,522 | 62,942 | 2,016,664 | |
Columbia Total Return Bond Fund, Institutional 3 Class | |||||||||
114,885,482 | 14,804,946 | (33,046,756) | 6,330,133 | 102,973,805 | — | (3,398,683) | 780,150 | 3,365,157 | |
Columbia U.S. Treasury Index Fund, Institutional 3 Class | |||||||||
401,455,944 | 58,403,993 | (117,016,121) | 15,652,228 | 358,496,044 | — | (7,535,315) | 2,217,196 | 35,043,602 | |
Total | 1,356,798,304 | 66,847,271 | 1,380,197,532 | — | (15,984,273) | 8,567,012 |
(b) | Non-income producing investment. |
(c) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Thermostat FundSM | First Quarter Report 2023 | 15 |
Portfolio of Investments
Columbia Acorn European FundSM, March 31, 2023 (Unaudited)
Columbia Acorn European FundSM, March 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 98.2% | ||
Issuer | Shares | Value ($) |
Denmark 4.6% | ||
ALK-Abello A/S(a) | 111,203 | 1,725,505 |
Netcompany Group AS(a) | 38,123 | 1,391,264 |
Total | 3,116,769 | |
Finland 3.2% | ||
Valmet OYJ | 66,782 | 2,167,997 |
France 3.2% | ||
Edenred | 12,071 | 714,419 |
Robertet SA | 1,490 | 1,418,765 |
Total | 2,133,184 | |
Germany 12.8% | ||
Amadeus Fire AG | 7,451 | 1,121,691 |
Eckert & Ziegler Strahlen- und Medizintechnik AG | 17,751 | 802,352 |
Hypoport SE(a) | 3,501 | 483,445 |
Jenoptik AG | 55,824 | 1,902,410 |
Nemetschek SE | 19,409 | 1,339,819 |
Washtec AG | 68,478 | 3,037,681 |
Total | 8,687,398 | |
Italy 9.7% | ||
Amplifon SpA | 63,401 | 2,197,513 |
Carel Industries SpA | 99,487 | 2,715,383 |
Intercos SpA(a) | 28,072 | 405,211 |
Nexi SpA(a) | 155,241 | 1,261,665 |
Total | 6,579,772 | |
Netherlands 7.2% | ||
Argenx SE(a) | 1,726 | 640,960 |
BE Semiconductor Industries NV | 15,236 | 1,331,711 |
IMCD NV | 17,885 | 2,924,482 |
Total | 4,897,153 | |
Norway 0.6% | ||
AutoStore Holdings Ltd.(a),(b) | 188,705 | 407,370 |
Russian Federation —% | ||
TCS Group Holding PLC GDR(a),(b),(c),(d),(e) | 17,858 | 0 |
Spain 1.0% | ||
Befesa SA | 14,559 | 661,573 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sweden 18.4% | ||
AddTech AB, B Shares | 164,960 | 3,065,697 |
Dometic Group AB | 112,834 | 688,994 |
Hexagon AB, Class B | 260,714 | 3,000,663 |
Munters Group AB | 222,726 | 2,057,311 |
Sectra AB, Class B(a) | 158,046 | 2,472,025 |
Sweco AB, Class B | 91,606 | 1,163,452 |
Total | 12,448,142 | |
Switzerland 6.6% | ||
Belimo Holding AG, Registered Shares | 4,442 | 2,146,938 |
Inficon Holding AG | 945 | 1,024,858 |
Kardex Energy AG | 5,772 | 1,255,695 |
Total | 4,427,491 | |
United Kingdom 26.9% | ||
Auto Trader Group PLC | 256,649 | 1,957,641 |
Dechra Pharmaceuticals PLC | 70,801 | 2,317,988 |
Diploma PLC | 57,250 | 1,993,313 |
Genus PLC | 33,907 | 1,205,115 |
Halma PLC | 66,509 | 1,836,081 |
Intermediate Capital Group PLC | 103,102 | 1,556,220 |
Rentokil Initial PLC | 192,043 | 1,403,556 |
Rightmove PLC | 327,432 | 2,279,139 |
Safestore Holdings PLC | 106,848 | 1,254,144 |
Spirax-Sarco Engineering PLC | 16,459 | 2,416,557 |
Total | 18,219,754 | |
United States 4.0% | ||
Inter Parfums, Inc. | 18,780 | 2,671,267 |
Total Common Stocks (Cost $48,164,101) | 66,417,870 | |
16 | Columbia Acorn European FundSM | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn European FundSM, March 31, 2023 (Unaudited)
Columbia Acorn European FundSM, March 31, 2023 (Unaudited)
Money Market Funds 1.4% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 4.983%(f),(g) | 981,623 | 981,427 |
Total Money Market Funds (Cost $981,132) | 981,427 | |
Total Investments in Securities (Cost $49,145,233) | 67,399,297 | |
Other Assets & Liabilities, Net | 261,804 | |
Net Assets | $67,661,101 |
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At March 31, 2023, the total value of these securities amounted to $407,370, which represents 0.60% of total net assets. |
(c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At March 31, 2023, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets. |
(d) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund’s Board of Trustees. At March 31, 2023, the total market value of these securities amounted to $0, which represents less than 0.01% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
TCS Group Holding PLC GDR | 01/22/2021—03/02/2021 | 17,858 | 784,598 | — |
(e) | Valuation based on significant unobservable inputs. |
(f) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
(g) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 4.983% | ||||||||
1,602,880 | 5,392,560 | (6,014,274) | 261 | 981,427 | 123 | 17,255 | 981,623 |
Abbreviation Legend
GDR | Global Depositary Receipt |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Acorn European FundSM | First Quarter Report 2023 | 17 |
You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.
1QT110_12_N01_(05/23)