CTIVP® – Principal Blue Chip Growth 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
CTIVP® – Principal Blue Chip Growth Fund, March 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
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Common Stocks 99.4%
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||
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Issuer
|
Shares
|
Value ($)
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Communication Services 9.7%
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||
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Entertainment 3.4%
|
||
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Netflix, Inc.(a)
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133,013
|
80,782,785
|
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Interactive Media & Services 6.3%
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||
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Alphabet, Inc., Class A(a)
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733,021
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110,634,859
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Alphabet, Inc., Class C(a)
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235,014
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35,783,232
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Total
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146,418,091
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Total Communication Services
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227,200,876
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Consumer Discretionary 14.1%
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Broadline Retail 8.4%
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Amazon.com, Inc.(a)
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1,087,225
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196,113,645
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Hotels, Restaurants & Leisure 2.8%
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Hilton Worldwide Holdings, Inc.
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311,331
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66,410,016
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Specialty Retail 2.9%
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CarMax, Inc.(a)
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168,664
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14,692,321
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O’Reilly Automotive, Inc.(a)
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47,365
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53,469,401
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Total
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68,161,722
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Total Consumer Discretionary
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330,685,383
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Consumer Staples 1.0%
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Consumer Staples Distribution & Retail 1.0%
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Costco Wholesale Corp.
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32,582
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23,870,551
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Total Consumer Staples
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23,870,551
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Financials 25.6%
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Capital Markets 12.6%
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Brookfield Asset Management Ltd., Class A
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454,530
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19,099,350
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Brookfield Corp.
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2,776,103
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116,235,433
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Charles Schwab Corp. (The)
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641,044
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46,373,123
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KKR & Co., Inc., Class A
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552,262
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55,546,512
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Moody’s Corp.
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89,031
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34,991,854
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S&P Global, Inc.
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52,311
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22,255,715
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Total
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294,501,987
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Financial Services 8.9%
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MasterCard, Inc., Class A
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224,154
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107,945,842
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Visa, Inc., Class A
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361,768
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100,962,213
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Total
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208,908,055
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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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Insurance 4.1%
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Progressive Corp. (The)
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456,474
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94,407,953
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Total Financials
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597,817,995
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Health Care 6.1%
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Health Care Equipment & Supplies 1.0%
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IDEXX Laboratories, Inc.(a)
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29,457
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15,904,718
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Intuitive Surgical, Inc.(a)
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19,395
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7,740,350
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Total
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23,645,068
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Life Sciences Tools & Services 3.7%
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Danaher Corp.
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297,630
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74,324,164
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Thermo Fisher Scientific, Inc.
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21,111
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12,269,924
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Total
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86,594,088
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Pharmaceuticals 1.4%
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Zoetis, Inc.
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185,846
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31,447,002
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Total Health Care
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141,686,158
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Industrials 11.7%
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Aerospace & Defense 6.5%
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HEICO Corp., Class A
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223,996
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34,481,944
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TransDigm Group, Inc.
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94,162
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115,969,919
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Total
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150,451,863
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Commercial Services & Supplies 2.6%
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Copart, Inc.(a)
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1,055,353
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61,126,046
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Ground Transportation 2.6%
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Union Pacific Corp.
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246,988
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60,741,759
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Total Industrials
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272,319,668
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Information Technology 23.2%
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Semiconductors & Semiconductor Equipment 1.2%
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NVIDIA Corp.
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32,365
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29,243,719
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Software 22.0%
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Adobe, Inc.(a)
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158,556
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80,007,358
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Intuit, Inc.
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141,574
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92,023,100
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Microsoft Corp.
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669,340
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281,604,725
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2
CTIVP® – Principal Blue Chip Growth Fund | First Quarter Report 2024
Portfolio of Investments (continued)
CTIVP® – Principal Blue Chip Growth 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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Roper Technologies, Inc.
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100,711
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56,482,757
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Salesforce, Inc.
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13,967
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4,206,581
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Total
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514,324,521
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Total Information Technology
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543,568,240
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Materials 2.4%
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Chemicals 2.4%
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Linde PLC
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81,012
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37,615,492
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Sherwin-Williams Co. (The)
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53,851
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18,704,068
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Total
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56,319,560
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Total Materials
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56,319,560
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Real Estate 5.6%
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Real Estate Management & Development 2.7%
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CoStar Group, Inc.(a)
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652,532
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63,034,591
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Specialized REITs 2.9%
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American Tower Corp.
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330,841
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65,370,873
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SBA Communications Corp.
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15,448
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3,347,582
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Total
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68,718,455
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Total Real Estate
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131,753,046
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Total Common Stocks
(Cost $1,503,308,589)
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2,325,221,477
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Money Market Funds 0.5%
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Shares
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Value ($)
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Columbia Short-Term Cash Fund, 5.543%(b),(c)
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10,851,879
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10,849,709
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Total Money Market Funds
(Cost $10,849,709)
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10,849,709
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Total Investments in Securities
(Cost: $1,514,158,298)
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2,336,071,186
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Other Assets & Liabilities, Net
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3,499,858
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Net Assets
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2,339,571,044
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Notes to Portfolio of Investments
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(a)
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Non-income producing investment.
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(b)
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The rate shown is the seven-day current annualized yield at March 31, 2024.
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(c)
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As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of
the holdings and transactions in these affiliated companies during the period ended
March 31, 2024 are as follows:
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Affiliated issuers
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Beginning
of period($)
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Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Realized gain
(loss)($)
|
Dividends($)
|
End of
period shares
|
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Columbia Short-Term Cash Fund, 5.543%
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||||||||
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9,915,023
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105,409,428
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(104,473,939
)
|
(803
)
|
10,849,709
|
(1,415
)
|
150,454
|
10,851,879
|
Investments are valued using policies described in the Notes to Financial Statements
in the most recent shareholder report.
CTIVP® – Principal Blue Chip Growth Fund | First Quarter Report 2024
3