Third Quarter ReportDecember 31, 2023 (Unaudited)
Multi-Manager Growth Strategies Fund
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Portfolio of InvestmentsMulti-Manager Growth Strategies Fund, December 31, 2023 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 98.3% | ||
Issuer | Shares | Value ($) |
Communication Services 14.9% | ||
Entertainment 4.1% | ||
Live Nation Entertainment, Inc.(a) | 99,676 | 9,329,674 |
Netflix, Inc.(a) | 223,416 | 108,776,782 |
Spotify Technology SA(a) | 19,636 | 3,689,801 |
Walt Disney Co. (The) | 434,188 | 39,202,834 |
Total | 160,999,091 | |
Interactive Media & Services 10.6% | ||
Alphabet, Inc., Class A(a) | 876,343 | 122,416,354 |
Alphabet, Inc., Class C(a) | 534,782 | 75,366,827 |
Meta Platforms, Inc., Class A(a) | 615,785 | 217,963,259 |
Pinterest, Inc., Class A(a) | 123,478 | 4,573,625 |
Total | 420,320,065 | |
Media 0.2% | ||
Trade Desk, Inc. (The), Class A(a) | 102,961 | 7,409,073 |
Total Communication Services | 588,728,229 | |
Consumer Discretionary 16.4% | ||
Automobiles 3.3% | ||
Tesla, Inc.(a) | 524,585 | 130,348,881 |
Broadline Retail 6.5% | ||
Alibaba Group Holding Ltd., ADR | 148,138 | 11,482,176 |
Amazon.com, Inc.(a) | 1,500,198 | 227,940,084 |
Coupang, Inc., Class A(a) | 3,991 | 64,614 |
MercadoLibre, Inc.(a) | 11,136 | 17,500,670 |
Total | 256,987,544 | |
Diversified Consumer Services 0.1% | ||
Grand Canyon Education, Inc.(a) | 43,633 | 5,761,301 |
Hotels, Restaurants & Leisure 3.6% | ||
Airbnb, Inc., Class A(a) | 30,141 | 4,103,396 |
Booking Holdings, Inc.(a) | 5,624 | 19,949,565 |
Chipotle Mexican Grill, Inc.(a) | 5,690 | 13,012,803 |
DoorDash, Inc., Class A(a) | 153,536 | 15,183,175 |
DraftKings, Inc., Class A(a) | 89,081 | 3,140,105 |
Hilton Worldwide Holdings, Inc. | 5,121 | 932,483 |
Las Vegas Sands Corp. | 26,712 | 1,314,498 |
Marriott International, Inc., Class A | 62,826 | 14,167,891 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
McDonald’s Corp. | 14,596 | 4,327,860 |
Royal Caribbean Cruises Ltd.(a) | 3,308 | 428,353 |
Starbucks Corp. | 464,626 | 44,608,742 |
Yum China Holdings, Inc. | 144,866 | 6,146,664 |
Yum! Brands, Inc. | 123,808 | 16,176,753 |
Total | 143,492,288 | |
Household Durables 0.8% | ||
D.R. Horton, Inc. | 44,174 | 6,713,565 |
PulteGroup, Inc. | 36,068 | 3,722,939 |
Toll Brothers, Inc. | 126,023 | 12,953,904 |
TopBuild Corp.(a) | 17,345 | 6,491,540 |
Total | 29,881,948 | |
Specialty Retail 1.6% | ||
AutoZone, Inc.(a) | 3,342 | 8,641,109 |
Burlington Stores, Inc.(a) | 2,004 | 389,738 |
Home Depot, Inc. (The) | 38,284 | 13,267,320 |
Lowe’s Companies, Inc. | 46,556 | 10,361,038 |
Murphy U.S.A., Inc. | 4,097 | 1,460,826 |
O’Reilly Automotive, Inc.(a) | 5,457 | 5,184,587 |
Ross Stores, Inc. | 69,722 | 9,648,828 |
TJX Companies, Inc. (The) | 115,071 | 10,794,810 |
Ulta Beauty, Inc.(a) | 7,450 | 3,650,425 |
Total | 63,398,681 | |
Textiles, Apparel & Luxury Goods 0.5% | ||
lululemon athletica, Inc.(a) | 18,668 | 9,544,762 |
NIKE, Inc., Class B | 71,925 | 7,808,897 |
Tapestry, Inc. | 14,852 | 546,702 |
Total | 17,900,361 | |
Total Consumer Discretionary | 647,771,004 | |
Consumer Staples 2.5% | ||
Beverages 1.5% | ||
Boston Beer Co., Inc. (The), Class A(a) | 5,119 | 1,769,075 |
Celsius Holdings, Inc.(a) | 153,738 | 8,381,796 |
Monster Beverage Corp.(a) | 808,545 | 46,580,278 |
PepsiCo, Inc. | 14,805 | 2,514,481 |
Total | 59,245,630 |
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Multi-Manager Growth Strategies Fund | Third Quarter Report 2023
Portfolio of Investments (continued)Multi-Manager Growth Strategies Fund, December 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Staples Distribution & Retail 1.0% | ||
Costco Wholesale Corp. | 36,058 | 23,801,164 |
Target Corp. | 104,321 | 14,857,397 |
Total | 38,658,561 | |
Personal Care Products 0.0% | ||
Estee Lauder Companies, Inc. (The), Class A | 2,762 | 403,943 |
Total Consumer Staples | 98,308,134 | |
Energy 0.3% | ||
Oil, Gas & Consumable Fuels 0.3% | ||
Antero Midstream Corp. | 200 | 2,506 |
Cheniere Energy, Inc. | 31,340 | 5,350,051 |
ConocoPhillips Co. | 56,853 | 6,598,928 |
Total | 11,951,485 | |
Total Energy | 11,951,485 | |
Financials 7.1% | ||
Capital Markets 1.8% | ||
Blackstone, Inc. | 69,344 | 9,078,516 |
Charles Schwab Corp. (The) | 20,350 | 1,400,080 |
FactSet Research Systems, Inc. | 47,137 | 22,486,706 |
Morgan Stanley | 50,609 | 4,719,289 |
MSCI, Inc. | 17,381 | 9,831,563 |
SEI Investments Co. | 268,513 | 17,064,001 |
Tradeweb Markets, Inc., Class A | 77,392 | 7,033,385 |
Total | 71,613,540 | |
Consumer Finance 0.0% | ||
SLM Corp. | 87,652 | 1,675,906 |
Financial Services 4.7% | ||
Block, Inc., Class A(a) | 249,461 | 19,295,808 |
MasterCard, Inc., Class A | 126,576 | 53,985,930 |
PayPal Holdings, Inc.(a) | 230,933 | 14,181,596 |
Visa, Inc., Class A | 377,140 | 98,188,399 |
Total | 185,651,733 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Insurance 0.6% | ||
Brown & Brown, Inc. | 200 | 14,222 |
Marsh & McLennan Companies, Inc. | 7,394 | 1,400,941 |
Primerica, Inc. | 16,424 | 3,379,402 |
Progressive Corp. (The) | 88,674 | 14,123,995 |
RLI Corp. | 24,163 | 3,216,579 |
Total | 22,135,139 | |
Total Financials | 281,076,318 | |
Health Care 10.8% | ||
Biotechnology 3.5% | ||
AbbVie, Inc. | 43,808 | 6,788,926 |
Alnylam Pharmaceuticals, Inc.(a) | 10,527 | 2,014,973 |
Amgen, Inc. | 47,126 | 13,573,230 |
Exact Sciences Corp.(a) | 106,858 | 7,905,355 |
Incyte Corp.(a) | 94,941 | 5,961,345 |
Moderna, Inc.(a) | 11,660 | 1,159,587 |
Neurocrine Biosciences, Inc.(a) | 55,526 | 7,316,106 |
Regeneron Pharmaceuticals, Inc.(a) | 59,930 | 52,635,920 |
Vertex Pharmaceuticals, Inc.(a) | 103,504 | 42,114,743 |
Total | 139,470,185 | |
Health Care Equipment & Supplies 0.7% | ||
Align Technology, Inc.(a) | 10,007 | 2,741,918 |
Edwards Lifesciences Corp.(a) | 37,387 | 2,850,759 |
Intuitive Surgical, Inc.(a) | 67,395 | 22,736,377 |
Total | 28,329,054 | |
Health Care Providers & Services 1.2% | ||
Elevance Health, Inc. | 4,158 | 1,960,747 |
HCA Healthcare, Inc. | 8,843 | 2,393,623 |
McKesson Corp. | 27,562 | 12,760,655 |
Molina Healthcare, Inc.(a) | 1,607 | 580,625 |
UnitedHealth Group, Inc. | 59,443 | 31,294,956 |
Total | 48,990,606 | |
Health Care Technology 0.4% | ||
Veeva Systems Inc., Class A(a) | 70,793 | 13,629,068 |
Multi-Manager Growth Strategies Fund | Third Quarter Report 2023
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Portfolio of Investments (continued)Multi-Manager Growth Strategies Fund, December 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Life Sciences Tools & Services 1.4% | ||
ICON PLC(a) | 1,462 | 413,848 |
Illumina, Inc.(a) | 132,919 | 18,507,642 |
Medpace Holdings, Inc.(a) | 50,926 | 15,610,347 |
Thermo Fisher Scientific, Inc. | 37,945 | 20,140,826 |
Total | 54,672,663 | |
Pharmaceuticals 3.6% | ||
Eli Lilly & Co. | 132,714 | 77,361,645 |
Novartis AG, ADR | 178,910 | 18,064,543 |
Novo Nordisk A/S, ADR | 268,945 | 27,822,360 |
Roche Holding AG, ADR | 406,986 | 14,734,928 |
Sandoz Group AG, ADR(a) | 35,782 | 1,146,276 |
Zoetis, Inc. | 18,686 | 3,688,056 |
Total | 142,817,808 | |
Total Health Care | 427,909,384 | |
Industrials 6.7% | ||
Aerospace & Defense 2.7% | ||
Boeing Co. (The)(a) | 342,437 | 89,259,628 |
Lockheed Martin Corp. | 9,127 | 4,136,722 |
TransDigm Group, Inc. | 14,778 | 14,949,425 |
Total | 108,345,775 | |
Air Freight & Logistics 0.6% | ||
Expeditors International of Washington, Inc. | 178,898 | 22,755,826 |
Building Products 0.5% | ||
Trane Technologies PLC | 72,595 | 17,705,920 |
Commercial Services & Supplies 0.3% | ||
Cintas Corp. | 3,981 | 2,399,190 |
Waste Management, Inc. | 44,183 | 7,913,175 |
Total | 10,312,365 | |
Construction & Engineering 0.4% | ||
EMCOR Group, Inc. | 51,685 | 11,134,500 |
Quanta Services, Inc. | 27,950 | 6,031,610 |
Total | 17,166,110 | |
Electrical Equipment 0.5% | ||
Eaton Corp. PLC | 75,520 | 18,186,726 |
Ground Transportation 0.7% | ||
Uber Technologies, Inc.(a) | 460,811 | 28,372,133 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Machinery 0.4% | ||
Allison Transmission Holdings, Inc. | 5,496 | 319,593 |
Deere & Co. | 39,544 | 15,812,459 |
Total | 16,132,052 | |
Trading Companies & Distributors 0.6% | ||
Core & Main, Inc., Class A(a) | 60,373 | 2,439,673 |
Fastenal Co. | 105,788 | 6,851,889 |
W.W. Grainger, Inc. | 17,650 | 14,626,378 |
Total | 23,917,940 | |
Total Industrials | 262,894,847 | |
Information Technology 39.4% | ||
Communications Equipment 0.4% | ||
Arista Networks, Inc.(a) | 61,062 | 14,380,711 |
Electronic Equipment, Instruments & Components 0.4% | ||
Amphenol Corp., Class A | 104,581 | 10,367,114 |
Jabil, Inc. | 43,799 | 5,579,993 |
Total | 15,947,107 | |
IT Services 1.8% | ||
Accenture PLC, Class A | 2,134 | 748,842 |
Cloudflare, Inc.(a) | 18,152 | 1,511,336 |
Cognizant Technology Solutions Corp., Class A | 69,568 | 5,254,471 |
Gartner, Inc.(a) | 9,399 | 4,239,983 |
GoDaddy, Inc., Class A(a) | 59,597 | 6,326,817 |
MongoDB, Inc.(a) | 11,051 | 4,518,201 |
Shopify, Inc., Class A(a) | 586,884 | 45,718,264 |
Snowflake, Inc., Class A(a) | 22,253 | 4,428,347 |
Total | 72,746,261 | |
Semiconductors & Semiconductor Equipment 9.8% | ||
Advanced Micro Devices, Inc.(a) | 72,951 | 10,753,707 |
Applied Materials, Inc. | 44,594 | 7,227,350 |
ASML Holding NV | 4,873 | 3,688,471 |
Broadcom, Inc. | 49,256 | 54,982,010 |
First Solar, Inc.(a) | 12,761 | 2,198,465 |
KLA Corp. | 13,478 | 7,834,761 |
Lam Research Corp. | 26,243 | 20,555,092 |
NVIDIA Corp. | 496,245 | 245,750,449 |
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Multi-Manager Growth Strategies Fund | Third Quarter Report 2023
Portfolio of Investments (continued)Multi-Manager Growth Strategies Fund, December 31, 2023 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
ON Semiconductor Corp.(a) | 46,228 | 3,861,425 |
QUALCOMM, Inc. | 198,914 | 28,768,932 |
Total | 385,620,662 | |
Software 20.8% | ||
Adobe, Inc.(a) | 58,607 | 34,964,936 |
AppLovin Corp.(a) | 64,669 | 2,577,060 |
Atlassian Corp., Class A(a) | 20,373 | 4,845,922 |
Autodesk, Inc.(a) | 201,732 | 49,117,707 |
Cadence Design Systems, Inc.(a) | 17,165 | 4,675,231 |
Crowdstrike Holdings, Inc., Class A(a) | 11,028 | 2,815,669 |
Datadog, Inc., Class A(a) | 22,714 | 2,757,025 |
DocuSign, Inc.(a) | 91,143 | 5,418,451 |
Elastic NV(a) | 41,047 | 4,625,997 |
Fortinet, Inc.(a) | 39,994 | 2,340,849 |
HubSpot, Inc.(a) | 12,823 | 7,444,265 |
Intuit, Inc. | 26,564 | 16,603,297 |
Manhattan Associates, Inc.(a) | 46,293 | 9,967,809 |
Microsoft Corp. | 1,035,278 | 389,305,939 |
Nutanix, Inc., Class A(a) | 64,773 | 3,089,024 |
Oracle Corp. | 710,352 | 74,892,411 |
Palantir Technologies, Inc., Class A(a) | 117,748 | 2,021,733 |
Palo Alto Networks, Inc.(a) | 54,482 | 16,065,652 |
Pegasystems, Inc. | 86,242 | 4,213,784 |
Salesforce, Inc.(a) | 366,936 | 96,555,539 |
ServiceNow, Inc.(a) | 35,277 | 24,922,848 |
Smartsheet, Inc., Class A(a) | 111,689 | 5,340,968 |
Splunk, Inc.(a) | 31,720 | 4,832,542 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Synopsys, Inc.(a) | 35,734 | 18,399,794 |
Teradata Corp.(a) | 17,249 | 750,504 |
Workday, Inc., Class A(a) | 118,116 | 32,607,103 |
Zscaler, Inc.(a) | 2,092 | 463,504 |
Total | 821,615,563 | |
Technology Hardware, Storage & Peripherals 6.2% | ||
Apple, Inc. | 1,246,962 | 240,077,594 |
NetApp, Inc. | 37,905 | 3,341,705 |
Total | 243,419,299 | |
Total Information Technology | 1,553,729,603 | |
Materials 0.2% | ||
Construction Materials 0.1% | ||
Eagle Materials, Inc. | 29,665 | 6,017,248 |
Metals & Mining 0.1% | ||
Freeport-McMoRan, Inc. | 86,691 | 3,690,436 |
Total Materials | 9,707,684 | |
Total Common Stocks (Cost $2,753,112,487) | 3,882,076,688 | |
Money Market Funds 1.7% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.569%(b),(c) | 64,939,924 | 64,926,936 |
Total Money Market Funds (Cost $64,922,907) | 64,926,936 | |
Total Investments in Securities (Cost: $2,818,035,394) | 3,947,003,624 | |
Other Assets & Liabilities, Net | 1,098,824 | |
Net Assets | 3,948,102,448 |
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at December 31, 2023. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended December 31, 2023 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.569% | ||||||||
44,927,624 | 436,055,748 | (416,056,235 ) | (201 ) | 64,926,936 | 14,313 | 2,860,759 | 64,939,924 |
Multi-Manager Growth Strategies Fund | Third Quarter Report 2023
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Portfolio of Investments (continued)Multi-Manager Growth Strategies Fund, December 31, 2023 (Unaudited)
Abbreviation Legend
ADR | American Depositary Receipt |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
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Multi-Manager Growth Strategies Fund | Third Quarter Report 2023