Columbia Variable Portfolio – Select Mid 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.
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Not FDIC or NCUA Insured
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No Financial Institution Guarantee
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May Lose Value
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Portfolio of Investments
Columbia Variable Portfolio – Select Mid Cap Value Fund, March 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
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Common Stocks 99.5%
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Issuer
|
Shares
|
Value ($)
|
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Communication Services 3.2%
|
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Entertainment 1.5%
|
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Take-Two Interactive Software, Inc.(a)
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27,381
|
4,065,805
|
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Media 1.7%
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Nexstar Media Group, Inc., Class A
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25,721
|
4,431,471
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Total Communication Services
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8,497,276
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Consumer Discretionary 9.8%
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Hotels, Restaurants & Leisure 2.2%
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Hyatt Hotels Corp., Class A
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35,889
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5,728,602
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Household Durables 2.1%
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||
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D.R. Horton, Inc.
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34,012
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5,596,674
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Leisure Products 1.9%
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Hasbro, Inc.
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89,238
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5,043,732
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Specialty Retail 3.6%
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Burlington Stores, Inc.(a)
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21,217
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4,926,375
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O’Reilly Automotive, Inc.(a)
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4,177
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4,715,332
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Total
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9,641,707
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Total Consumer Discretionary
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26,010,715
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Consumer Staples 5.9%
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Consumer Staples Distribution & Retail 4.2%
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Dollar Tree, Inc.(a)
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33,356
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4,441,351
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U.S. Foods Holding Corp.(a)
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89,487
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4,829,613
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Walgreens Boots Alliance, Inc.
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82,353
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1,786,237
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Total
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11,057,201
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Food Products 1.7%
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Tyson Foods, Inc., Class A
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78,234
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4,594,683
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Total Consumer Staples
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15,651,884
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Energy 5.7%
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Oil, Gas & Consumable Fuels 5.7%
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Devon Energy Corp.
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131,815
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6,614,477
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Marathon Petroleum Corp.
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43,168
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8,698,352
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Total
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15,312,829
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Total Energy
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15,312,829
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Common Stocks (continued)
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Issuer
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Shares
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Value ($)
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Financials 19.3%
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Banks 4.6%
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Popular, Inc.
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68,082
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5,997,344
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Regions Financial Corp.
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304,582
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6,408,405
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Total
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12,405,749
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Capital Markets 2.2%
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Carlyle Group, Inc. (The)
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125,347
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5,880,028
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Consumer Finance 2.3%
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Discover Financial Services
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46,366
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6,078,119
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Financial Services 4.3%
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Global Payments, Inc.
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45,598
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6,094,628
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Voya Financial, Inc.
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72,191
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5,336,359
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Total
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11,430,987
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Insurance 5.9%
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Hanover Insurance Group, Inc. (The)
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42,786
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5,826,170
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Kemper Corp.
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62,424
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3,865,294
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Reinsurance Group of America, Inc.
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31,187
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6,015,348
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Total
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15,706,812
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Total Financials
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51,501,695
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Health Care 6.8%
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Health Care Equipment & Supplies 2.1%
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Zimmer Biomet Holdings, Inc.
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41,591
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5,489,180
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Health Care Providers & Services 3.1%
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Centene Corp.(a)
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54,827
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4,302,823
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Quest Diagnostics, Inc.
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30,388
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4,044,947
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Total
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8,347,770
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Life Sciences Tools & Services 1.6%
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Agilent Technologies, Inc.
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29,628
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4,311,170
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Total Health Care
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18,148,120
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Industrials 17.7%
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Building Products 3.4%
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Trane Technologies PLC
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29,719
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8,921,644
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Electrical Equipment 3.3%
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AMETEK, Inc.
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48,189
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8,813,768
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2
Columbia Variable Portfolio – Select Mid Cap Value Fund | First Quarter Report 2024
Portfolio of Investments (continued)
Columbia Variable Portfolio – Select Mid Cap Value Fund, March 31, 2024 (Unaudited)
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Common Stocks (continued)
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Issuer
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Shares
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Value ($)
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Machinery 6.6%
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Ingersoll Rand, Inc.
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97,078
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9,217,556
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ITT, Inc.
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61,778
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8,403,661
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Total
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17,621,217
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Passenger Airlines 1.7%
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Southwest Airlines Co.
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158,610
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4,629,826
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Professional Services 2.7%
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CACI International, Inc., Class A(a)
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19,162
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7,259,141
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Total Industrials
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47,245,596
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Information Technology 8.9%
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Communications Equipment 2.1%
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Motorola Solutions, Inc.
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15,704
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5,574,606
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Electronic Equipment, Instruments & Components 2.2%
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Corning, Inc.
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175,635
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5,788,929
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Semiconductors & Semiconductor Equipment 4.6%
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Marvell Technology, Inc.
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65,894
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4,670,567
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ON Semiconductor Corp.(a)
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64,043
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4,710,362
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Teradyne, Inc.
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26,943
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3,039,979
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Total
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12,420,908
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Total Information Technology
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23,784,443
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Materials 6.7%
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Chemicals 2.9%
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Chemours Co. LLC (The)
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164,195
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4,311,760
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FMC Corp.
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52,741
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3,359,602
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Total
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7,671,362
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Metals & Mining 3.8%
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ATI, Inc.(a)
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100,524
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5,143,813
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Freeport-McMoRan, Inc.
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108,289
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5,091,749
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Total
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10,235,562
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Total Materials
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17,906,924
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Real Estate 8.3%
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Health Care REITs 2.2%
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Welltower, Inc.
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63,707
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5,952,782
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Common Stocks (continued)
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Issuer
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Shares
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Value ($)
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Industrial REITs 2.1%
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First Industrial Realty Trust, Inc.
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105,945
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5,566,350
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Specialized REITs 4.0%
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Gaming and Leisure Properties, Inc.
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106,618
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4,911,892
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Lamar Advertising Co., Class A
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48,871
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5,835,686
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Total
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10,747,578
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Total Real Estate
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22,266,710
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Utilities 7.2%
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Electric Utilities 3.7%
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Entergy Corp.
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54,396
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5,748,569
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PG&E Corp.
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242,496
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4,064,233
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Total
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9,812,802
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Independent Power and Renewable Electricity Producers 1.6%
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AES Corp. (The)
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238,809
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4,281,846
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|
Multi-Utilities 1.9%
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Ameren Corp.
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68,897
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5,095,622
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Total Utilities
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19,190,270
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Total Common Stocks
(Cost $190,216,286)
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265,516,462
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Money Market Funds 0.7%
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Shares
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Value ($)
|
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Columbia Short-Term Cash Fund, 5.543%(b),(c)
|
1,786,304
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1,785,947
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Total Money Market Funds
(Cost $1,785,768)
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1,785,947
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|
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Total Investments in Securities
(Cost: $192,002,054)
|
267,302,409
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Other Assets & Liabilities, Net
|
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(409,354
)
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Net Assets
|
266,893,055
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Columbia Variable Portfolio – Select Mid Cap Value Fund | First Quarter Report 2024
3
Portfolio of Investments (continued)
Columbia Variable Portfolio – Select Mid Cap Value Fund, March 31, 2024 (Unaudited)
Notes to Portfolio of Investments
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(a)
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Non-income producing investment.
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(b)
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The rate shown is the seven-day current annualized yield at March 31, 2024.
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(c)
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As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of
the holdings and transactions in these affiliated companies during the period ended
March 31, 2024 are as follows:
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Affiliated issuers
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Beginning
of period($)
|
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%
|
||||||||
|
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645,537
|
19,304,953
|
(18,164,657
)
|
114
|
1,785,947
|
33
|
24,375
|
1,786,304
|
Investments are valued using policies described in the Notes to Financial Statements
in the most recent shareholder report.
4
Columbia Variable Portfolio – Select Mid Cap Value Fund | First Quarter Report 2024