Wanger Acorn
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 InvestmentsWanger Acorn, March 31, 2024 (Unaudited)(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 98.0% | ||
Issuer | Shares | Value ($) |
Communication Services 2.2% | ||
Entertainment 1.4% | ||
Take-Two Interactive Software, Inc.(a) | 53,475 | 7,940,503 |
Media 0.8% | ||
Trade Desk, Inc. (The), Class A(a) | 48,604 | 4,248,961 |
Total Communication Services | 12,189,464 | |
Consumer Discretionary 18.9% | ||
Automobile Components 1.8% | ||
Dorman Products, Inc.(a) | 67,808 | 6,536,013 |
Modine Manufacturing Co.(a) | 38,331 | 3,648,728 |
Total | 10,184,741 | |
Distributors 1.5% | ||
Pool Corp. | 20,014 | 8,075,649 |
Diversified Consumer Services 1.8% | ||
Bright Horizons Family Solutions, Inc.(a) | 89,814 | 10,181,315 |
Hotels, Restaurants & Leisure 5.0% | ||
Churchill Downs, Inc. | 106,136 | 13,134,330 |
Dutch Bros, Inc., Class A(a) | 64,096 | 2,115,168 |
Planet Fitness, Inc., Class A(a) | 81,736 | 5,119,126 |
Portillo’s, Inc., Class A(a) | 290,921 | 4,125,260 |
Xponential Fitness, Inc., Class A(a) | 198,148 | 3,277,368 |
Total | 27,771,252 | |
Household Durables 3.2% | ||
Skyline Champion Corp.(a) | 111,342 | 9,465,183 |
TopBuild Corp.(a) | 19,393 | 8,547,077 |
Total | 18,012,260 | |
Leisure Products 0.7% | ||
Brunswick Corp. | 38,236 | 3,690,539 |
Specialty Retail 4.9% | ||
Boot Barn Holdings, Inc.(a) | 72,305 | 6,879,821 |
Five Below, Inc.(a) | 62,709 | 11,374,158 |
Williams-Sonoma, Inc. | 28,145 | 8,936,882 |
Total | 27,190,861 | |
Total Consumer Discretionary | 105,106,617 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Staples 3.4% | ||
Beverages 0.9% | ||
Celsius Holdings, Inc.(a) | 64,951 | 5,385,737 |
Consumer Staples Distribution & Retail 2.1% | ||
BJ’s Wholesale Club Holdings, Inc.(a) | 152,285 | 11,520,360 |
Household Products 0.4% | ||
WD-40 Co. | 9,361 | 2,371,235 |
Total Consumer Staples | 19,277,332 | |
Energy 2.0% | ||
Energy Equipment & Services 1.5% | ||
ChampionX Corp. | 78,412 | 2,814,207 |
Helix Energy Solutions Group, Inc.(a) | 275,813 | 2,989,813 |
TechnipFMC PLC | 112,582 | 2,826,934 |
Total | 8,630,954 | |
Oil, Gas & Consumable Fuels 0.5% | ||
Permian Resources Corp. | 149,023 | 2,631,746 |
Total Energy | 11,262,700 | |
Financials 7.4% | ||
Banks 1.2% | ||
Lakeland Financial Corp. | 44,031 | 2,920,136 |
Western Alliance Bancorp | 58,826 | 3,776,041 |
Total | 6,696,177 | |
Capital Markets 4.1% | ||
Blue Owl Capital, Inc. | 419,622 | 7,914,071 |
GCM Grosvenor, Inc., Class A | 757,847 | 7,320,802 |
Houlihan Lokey, Inc., Class A | 57,427 | 7,361,567 |
Total | 22,596,440 | |
Insurance 2.1% | ||
Ryan Specialty Holdings, Inc., Class A | 213,287 | 11,837,428 |
Total Financials | 41,130,045 |
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Wanger Acorn | First Quarter Report 2024
Portfolio of Investments (continued)Wanger Acorn, March 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Health Care 20.6% | ||
Biotechnology 6.4% | ||
Apellis Pharmaceuticals, Inc.(a) | 12,046 | 708,064 |
Arrowhead Pharmaceuticals, Inc.(a) | 39,629 | 1,133,390 |
bluebird bio, Inc.(a) | 1,017,471 | 1,302,363 |
Cytokinetics, Inc.(a) | 17,738 | 1,243,611 |
Exact Sciences Corp.(a) | 136,193 | 9,405,489 |
Exelixis, Inc.(a) | 95,762 | 2,272,432 |
Insmed, Inc.(a) | 58,508 | 1,587,322 |
Natera, Inc.(a) | 118,742 | 10,860,143 |
Neurocrine Biosciences, Inc.(a) | 7,649 | 1,054,950 |
Revolution Medicines, Inc.(a) | 48,663 | 1,568,409 |
Sarepta Therapeutics, Inc.(a) | 27,116 | 3,510,437 |
Viking Therapeutics, Inc.(a) | 16,661 | 1,366,202 |
Total | 36,012,812 | |
Health Care Equipment & Supplies 4.4% | ||
Glaukos Corp.(a) | 58,400 | 5,506,536 |
Inspire Medical Systems, Inc.(a) | 34,899 | 7,495,956 |
Insulet Corp.(a) | 26,515 | 4,544,671 |
Outset Medical, Inc.(a) | 575,122 | 1,276,771 |
Shockwave Medical, Inc.(a) | 17,418 | 5,671,823 |
Total | 24,495,757 | |
Health Care Providers & Services 0.2% | ||
P3 Health Partners, Inc., Class A(a) | 1,197,178 | 1,233,093 |
Life Sciences Tools & Services 9.2% | ||
BioLife Solutions, Inc.(a) | 159,755 | 2,963,455 |
Bio-Techne Corp. | 170,513 | 12,002,410 |
Charles River Laboratories International, Inc.(a) | 18,364 | 4,975,726 |
DNA Script(a),(b),(c),(d) | 2,550 | 508,645 |
Maravai LifeSciences Holdings, Inc., Class A(a) | 476,856 | 4,134,341 |
Repligen Corp.(a) | 65,804 | 12,102,672 |
Stevanato Group SpA | 121,827 | 3,910,647 |
West Pharmaceutical Services, Inc. | 26,642 | 10,542,506 |
Total | 51,140,402 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 0.4% | ||
Intra-Cellular Therapies, Inc.(a) | 19,444 | 1,345,525 |
Pliant Therapeutics, Inc.(a) | 58,436 | 870,696 |
Total | 2,216,221 | |
Total Health Care | 115,098,285 | |
Industrials 20.7% | ||
Aerospace & Defense 2.5% | ||
Axon Enterprise, Inc.(a) | 10,314 | 3,227,044 |
Curtiss-Wright Corp. | 41,605 | 10,648,384 |
Total | 13,875,428 | |
Commercial Services & Supplies 1.7% | ||
Casella Waste Systems, Inc., Class A(a) | 98,198 | 9,708,836 |
Construction & Engineering 3.5% | ||
MYR Group, Inc.(a) | 34,495 | 6,096,991 |
WillScot Mobile Mini Holdings Corp.(a) | 282,833 | 13,151,735 |
Total | 19,248,726 | |
Electrical Equipment 2.8% | ||
Atkore, Inc. | 57,762 | 10,995,575 |
Vertiv Holdings Co. | 55,784 | 4,555,879 |
Total | 15,551,454 | |
Machinery 3.3% | ||
Esab Corp. | 50,869 | 5,624,585 |
SPX Technologies, Inc.(a) | 103,842 | 12,786,066 |
Total | 18,410,651 | |
Professional Services 5.5% | ||
Exponent, Inc. | 66,456 | 5,495,246 |
ICF International, Inc. | 33,692 | 5,075,026 |
KBR, Inc. | 150,427 | 9,576,183 |
Parsons Corp.(a) | 67,122 | 5,567,770 |
Paylocity Holding Corp.(a) | 28,180 | 4,843,015 |
Total | 30,557,240 | |
Trading Companies & Distributors 1.4% | ||
SiteOne Landscape Supply, Inc.(a) | 44,815 | 7,822,458 |
Total Industrials | 115,174,793 |
Wanger Acorn | First Quarter Report 2024
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Portfolio of Investments (continued)Wanger Acorn, March 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Information Technology 18.5% | ||
IT Services 1.9% | ||
Globant SA(a) | 31,806 | 6,421,631 |
MongoDB, Inc.(a) | 12,393 | 4,444,626 |
Total | 10,866,257 | |
Semiconductors & Semiconductor Equipment 3.9% | ||
Lattice Semiconductor Corp.(a) | 108,118 | 8,458,071 |
Monolithic Power Systems, Inc. | 4,536 | 3,072,777 |
Onto Innovation, Inc.(a) | 25,372 | 4,594,362 |
Rambus, Inc.(a) | 86,977 | 5,376,048 |
Total | 21,501,258 | |
Software 9.8% | ||
Crowdstrike Holdings, Inc., Class A(a) | 11,816 | 3,788,091 |
DoubleVerify Holdings, Inc.(a) | 197,259 | 6,935,626 |
Dynatrace, Inc.(a) | 75,020 | 3,483,929 |
HubSpot, Inc.(a) | 12,020 | 7,531,251 |
Monday.com Ltd.(a) | 14,927 | 3,371,562 |
Procore Technologies, Inc.(a) | 22,336 | 1,835,349 |
Sprout Social, Inc., Class A(a) | 158,593 | 9,469,588 |
Varonis Systems, Inc.(a) | 88,985 | 4,197,423 |
Workiva, Inc., Class A(a) | 72,921 | 6,183,701 |
Zeta Global Holdings Corp., Class A(a) | 241,709 | 2,641,879 |
Zscaler, Inc.(a) | 26,004 | 5,009,151 |
Total | 54,447,550 | |
Technology Hardware, Storage & Peripherals 2.9% | ||
Pure Storage, Inc., Class A(a) | 52,627 | 2,736,078 |
Super Micro Computer, Inc.(a) | 13,301 | 13,434,409 |
Total | 16,170,487 | |
Total Information Technology | 102,985,552 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Materials 2.1% | ||
Chemicals 0.5% | ||
Albemarle Corp. | 20,703 | 2,727,413 |
Containers & Packaging 1.6% | ||
Avery Dennison Corp. | 39,334 | 8,781,316 |
Total Materials | 11,508,729 | |
Real Estate 2.2% | ||
Real Estate Management & Development 2.2% | ||
Colliers International Group, Inc. | 101,444 | 12,399,500 |
Total Real Estate | 12,399,500 | |
Total Common Stocks (Cost $428,787,277) | 546,133,017 | |
Money Market Funds 2.1% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.543%(e),(f) | 11,790,495 | 11,788,136 |
Total Money Market Funds (Cost $11,784,748) | 11,788,136 | |
Total Investments in Securities (Cost: $440,572,025) | 557,921,153 | |
Other Assets & Liabilities, Net | (766,139 ) | |
Net Assets | 557,155,014 |
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Wanger Acorn | First Quarter Report 2024
Portfolio of Investments (continued)Wanger Acorn, March 31, 2024 (Unaudited)
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At March 31, 2024, the total value of these securities amounted to $508,645, which represents 0.09% of total net assets. |
(c) | 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, 2024, the total market value of these securities amounted to $508,645, which represents 0.09% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
DNA Script | 10/01/2021 | 2,550 | 2,223,535 | 508,645 |
(d) | Valuation based on significant unobservable inputs. |
(e) | The rate shown is the seven-day current annualized yield at March 31, 2024. |
(f) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2024 are as follows: |
Affiliated issuers | Beginning of period($) | 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% | ||||||||
16,636,337 | 46,719,697 | (51,567,261 ) | (637 ) | 11,788,136 | 640 | 180,477 | 11,790,495 |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Wanger Acorn | First Quarter Report 2024
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