0001145549-21-067084.txt : 20211123 0001145549-21-067084.hdr.sgml : 20211123 20211123094302 ACCESSION NUMBER: 0001145549-21-067084 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211123 PERIOD START: 20211231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA FUNDS VARIABLE INSURANCE TRUST CENTRAL INDEX KEY: 0000815425 IRS NUMBER: 043031721 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05199 FILM NUMBER: 211435323 BUSINESS ADDRESS: STREET 1: 290 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 800-345-6611 MAIL ADDRESS: STREET 1: 290 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: STEINROE VARIABLE INVESTMENT TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: STEINROE VARIABLE INVESTMENT FUND DATE OF NAME CHANGE: 19890327 0000815425 S000055415 Variable Portfolio - U.S. Flexible Growth Fund C000174388 Variable Portfolio - U.S. Flexible Growth Fund Class 2 C000206838 Variable Portfolio - U.S. Flexible Growth Fund Class 1 NPORT-P 1 primary_doc.xml NPORT-P false 0000815425 XXXXXXXX S000055415 C000206838 C000174388 Columbia Funds Variable Insurance Trust 811-05199 0000815425 549300293M2AM3RU8K52 290 Congress Street Boston 02110 800-345-6611 Variable Portfolio - U.S. Flexible Growth Fund S000055415 549300QFR6K3CH73RS86 2021-12-31 2021-09-30 N 4555847663.970000000000 536704209.480000000000 4019143454.490000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 524734460.300000000000 0.000000000000 0.000000000000 0.000000000000 USD N VP - PARTNERS CORE BD FD CL1 N/A VP - PARTNERS CORE BD FD CL1 19766E129 13493036.696000000000 NS USD 150312428.790000000000 3.7399120109 Long EC RF US N N/A N N N VP PARTNERS CORE EQUITY FD CL 1 N/A CTIVP-MFS BLENDED RESEARCH EQ CL1 19766E236 14438252.134000000000 NS USD 470831402.090000000000 11.7147200000 Long EC RF US N N/A N N N CTIVP - LOOMIS SAYLES GRTH FD CL1 N/A CTIVP - LOOMIS SAYLES GRTH FD CL1 19766E277 4267743.846000000000 NS USD 235195363.350000000000 5.8518777947 Long EC RF US N N/A N N N CTIVP - AMER CENT DIVERSE BD CLS 1 N/A CTIVP - AMER CENT DIVERSE BD CLS 1 19766E293 6447607.302000000000 NS USD 72471106.070000000000 1.8031480312 Long EC RF US N N/A N N N COLUMBIA VP SEL LARGE CAP VAL CL 1 N/A COLUMBIA VP SEL LG CAP VAL FD CLS 19766E475 6850917.737000000000 NS USD 236904735.350000000000 5.8944085483 Long EC RF US N N/A N N N COLUMBIA VP US GOVT MORT-1 N/A COLUMBIA VP US GOVT MORTGAGE 19766E541 2746042.765000000000 NS USD 28805988.600000000000 0.7167195928 Long EC RF US N N/A N N N COLUMBIA VP LTD DUR BD- C N/A COLUMBIA VP LTD DUR BD- C 19766E640 4046310.171000000000 NS USD 40098933.790000000000 0.9976984958 Long EC RF US N N/A N N N COLUMBIA VP DISCIPLINED CORE FD-1 N/A COLUMBIA VP DISCIPLINED CORE FD -1 19766E814 2887161.856000000000 NS USD 228259016.340000000000 5.6792950768 Long EC RF US N N/A N N N COLUMBIA SHORT TERM CASH FUND N/A COLUMBIA SHORT TERM CASH FUND 19766H239 799216216.803000000000 NS USD 799136295.180000000000 19.8832488621 Long STIV CORP US N 1 N N N COLUMBIA VP SEL LARGE CAP EQ FD 1 N/A COLUMBIA VP SEL LARGE CAP EQ FD 1 19766L495 13788123.842000000000 NS USD 227228280.920000000000 5.6536494279 Long EC RF US N N/A N N N CTIVP - MORGAN STANLEY ADV FD CL1 N/A CTIVP - MORGAN STANLEY ADV FD CL1 19766L610 3627752.844000000000 NS USD 233191952.810000000000 5.8020310907 Long EC RF US N N/A N N N CTIVP - WF SHORT DUR GOV CL1 N/A CTIVP - WF SHORT DUR GOV CL1 19766L636 1455717.731000000000 NS USD 14426162.710000000000 0.3589362478 Long EC RF US N N/A N N N CTIVP - TCW CORE PLUS BOND FD CL1 N/A CTIVP - TCW CORE PLUS BOND FD CL1 19766L743 8068454.571000000000 NS USD 86735886.640000000000 2.1580689424 Long EC RF US N N/A N N N CTIVP - T ROWE LRG CAP VAL CL1 N/A CTIVP - T ROWE LRG CAP VAL CL1 19766L826 7574035.478000000000 NS USD 238733598.270000000000 5.9399123463 Long EC RF US N N/A N N N iShares iBoxx $ Investment Grade Corporate Bond ETF 549300FYCXFXG8POR355 iShares iBoxx $ Investment Grade Corporate Bond ETF 464287242 847100.000000000000 NS USD 112689713.000000000000 2.8038241052 Long EC RF US N 1 N N N VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF N/A Vanguard Intermediate-Term Corporate Bond ETF 92206C870 1140000.000000000000 NS USD 107627400.000000000000 2.6778690838 Long EC RF US N 1 N N N JPMorgan ZBUT11V806EZRVTWT807 SPX US 12/16/22 P3200 000000000 880.000000000000 NC USD 11189200.000000000000 0.2783976269 N/A DE CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Put Purchased S&P 500 SPX000009 100.000000000000000 3200.000000000000 USD 2022-12-16 XXXX -7737031.020000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 SPX US 12/16/22 P3500 000000000 230.000000000000 NC USD 4169900.000000000000 0.1037509620 N/A DE CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Put Purchased S&P 500 SPX000009 100.000000000000000 3500.000000000000 USD 2022-12-16 XXXX 527147.810000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 S&P500 EMINI DEC 21 000000000 4488.000000000000 NC USD -47634890.810000000000 -1.1852000644 N/A DE CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Long S&P500 EMINI DEC 21 S&P500 EMINI DEC 21 2021-12-17 1012049990.810000000000 USD -47634890.810000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 US 5YR NOTE DEC 21 000000000 424.000000000000 NC USD -303674.450000000000 -0.0075557007 N/A DIR CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Long US 5YR NOTE DEC 21 US 5YR NOTE DEC 21 2021-12-31 52346362.160000000000 USD -303674.450000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 US 2YR NOTE DEC 21 000000000 152.000000000000 NC USD -26300.870000000000 -0.0006543899 N/A DIR CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Long US 2YR NOTE DEC 21 US 2YR NOTE DEC 21 2021-12-31 33474613.450000000000 USD -26300.870000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 US 10YR NOTE DEC 21 000000000 218.000000000000 NC USD -343748.400000000000 -0.0085527776 N/A DIR CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Long US 10YR NOTE DEC 21 US 10YR NOTE DEC 21 2021-12-21 29034592.150000000000 USD -343748.400000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 US LONG BOND DEC 21 000000000 511.000000000000 NC USD -1762402.900000000000 -0.0438502114 N/A DIR CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Long US LONG BOND DEC 21 US LONG BOND DEC 21 2021-12-21 83123184.150000000000 USD -1762402.900000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 US ULTRA T-BOND DEC 21 000000000 188.000000000000 NC USD -1297440.600000000000 -0.0322815200 N/A DIR CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Long US ULTRA T-BOND DEC 21 US ULTRA T-BOND DEC 21 2021-12-21 37217190.600000000000 USD -1297440.600000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 SPX US 12/16/22 P3300 000000000 830.000000000000 NC USD 11839950.000000000000 0.2945888878 N/A DE CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Put Purchased S&P 500 SPX000009 100.000000000000000 3300.000000000000 USD 2022-12-16 XXXX -918241.150000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 SPX US 12/16/22 P3600 000000000 200.000000000000 NC USD 4067000.000000000000 0.1011907150 N/A DE CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Put Purchased S&P 500 SPX000009 100.000000000000000 3600.000000000000 USD 2022-12-16 XXXX 862789.400000000000 N N N JPMorgan ZBUT11V806EZRVTWT807 SPX US 12/16/22 P3400 000000000 2952.000000000000 NC USD 47453400.000000000000 1.1806844055 N/A DE CORP US N 1 JPMorgan ZBUT11V806EZRVTWT807 Put Purchased S&P 500 SPX000009 100.000000000000000 3400.000000000000 USD 2022-12-16 XXXX -6982511.690000000000 N N N UMBS N/A UMBS 15YR TBA(REG B) 01F0224A0 111100000.000000000000 PA USD 115717593.750000000000 2.8791605739 Long ABS-MBS USGA US N 2 2036-10-19 Fixed 2.500000000000 N N N N N N UMBS N/A UMBS 15YR TBA(REG B) 01F0304A3 104000000.000000000000 PA USD 109350312.240000000000 2.7207367311 Long ABS-MBS USGA US N 2 2036-10-19 Fixed 3.000000000000 N N N N N N UMBS N/A UMBS 30YR TBA(REG C) 01F0306A1 101988000.000000000000 PA USD 106673073.750000000000 2.6541245655 Long ABS-MBS USGA US N 2 2051-10-14 Fixed 3.000000000000 N N N N N N UMBS N/A UMBS 30YR TBA(REG A) 01F0326A7 111500000.000000000000 PA USD 117970048.410000000000 2.9352037255 Long ABS-MBS USGA US N 2 2051-10-14 Fixed 3.500000000000 N N N N N N COLUMBIA VP LONG GOVT/CREDIT BD 1 N/A COLUMBIA VP LONG GOVT/CREDIT BD 1 19765R444 3642022.954000000000 NS USD 40025832.260000000000 0.9958796623 Long EC RF US N N/A N N N COLUMBIA VP LARGE CAP INDEX - 1 N/A COLUMBIA VP LARGE CAP INDEX - 1 19766E103 16241912.905000000000 NS USD 574476459.450000000000 14.2935047220 Long EC RF US N N/A N N N 2021-10-22 Columbia Funds Variable Insurance Trust Martha Skinner Martha Skinner Assistant Treasurer XXXX NPORT-EX 2 nportpoi_418000.htm
Portfolio of Investments
Variable Portfolio – U.S. Flexible Growth Fund, September 30, 2021 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Equity Funds 60.8%
  Shares Value ($)
U.S. Large Cap 60.8%
Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares(a),(b) 2,887,162 228,259,016
Columbia Variable Portfolio – Large Cap Index Fund, Class 1 Shares(a),(b) 16,241,913 574,476,460
Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares(a),(b) 13,788,124 227,228,281
Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares(a),(b) 6,843,621 236,652,428
CTIVP® – Loomis Sayles Growth Fund, Class 1 Shares(a),(b) 4,266,299 235,115,726
CTIVP® – Morgan Stanley Advantage Fund, Class 1 Shares(a),(b) 3,627,753 233,191,953
CTIVP® – T. Rowe Price Large Cap Value Fund, Class 1 Shares(a),(b) 7,560,170 238,296,552
Variable Portfolio – Partners Core Equity Fund, Class 1 Shares(a),(b) 14,438,252 470,831,402
Total 2,444,051,818
Total Equity Funds
(Cost $1,477,932,157) 		2,444,051,818
Exchange-Traded Fixed Income Funds 5.5%
Investment Grade 5.5%
iShares iBoxx $ Investment Grade Corporate Bond ETF 847,100 112,689,713
Vanguard Intermediate-Term Corporate Bond ETF 1,140,000 107,627,400
Total 220,317,113
Total Exchange-Traded Fixed Income Funds
(Cost $218,262,368) 		220,317,113
Fixed Income Funds 10.7%
Investment Grade 10.7%
Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares(a) 4,046,310 40,098,934
Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares(a) 3,642,023 40,025,832
Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares(a) 2,745,615 28,801,504
CTIVP® – American Century Diversified Bond Fund, Class 1 Shares(a) 6,442,510 72,413,819
Fixed Income Funds (continued)
  Shares Value ($)
CTIVP® – TCW Core Plus Bond Fund, Class 1 Shares(a) 8,064,216 86,690,318
CTIVP® – Wells Fargo Short Duration Government Fund, Class 1 Shares(a) 1,455,255 14,421,580
Variable Portfolio – Partners Core Bond Fund, Class 1 Shares(a) 13,434,057 149,655,391
Total 432,107,378
Total Fixed Income Funds
(Cost $428,407,018) 		432,107,378
    
Residential Mortgage-Backed Securities - Agency 11.2%
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Uniform Mortgage-Backed Security TBA(c)
10/19/2036 2.500%   111,100,000 115,717,594
10/19/2036-
10/14/2051 		3.000%   205,988,000 216,023,386
10/14/2051 3.500%   111,500,000 117,970,048
Total Residential Mortgage-Backed Securities - Agency
(Cost $450,434,676) 		449,711,028
    
Options Purchased Puts 2.0%
        Value ($)
(Cost $92,967,297) 78,719,450
    
Money Market Funds 19.9%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.065%(a),(d) 799,216,217 799,136,295
Total Money Market Funds
(Cost $799,107,096) 		799,136,295
Total Investments in Securities
(Cost: $3,467,110,612) 		4,424,043,082
Other Assets & Liabilities, Net   (407,096,702)
Net Assets 4,016,946,380
At September 30, 2021, securities and/or cash totaling $56,002,970 were pledged as collateral.
Variable Portfolio – U.S. Flexible Growth Fund  | Quarterly Report 2021
1
Portfolio of Investments   (continued)
Variable Portfolio – U.S. Flexible Growth Fund, September 30, 2021 (Unaudited)
Investments in derivatives
Long futures contracts
Description Number of
contracts 		Expiration
date 		Trading
currency 		Notional
amount 		Value/Unrealized
appreciation ($) 		Value/Unrealized
depreciation ($)
S&P 500 Index E-mini 4,488 12/2021 USD 964,415,100 — (47,634,891)
U.S. Long Bond 511 12/2021 USD 81,360,781 — (1,762,403)
U.S. Treasury 10-Year Note 218 12/2021 USD 28,690,844 — (343,748)
U.S. Treasury 2-Year Note 152 12/2021 USD 33,448,313 — (26,301)
U.S. Treasury 5-Year Note 424 12/2021 USD 52,042,688 — (303,674)
U.S. Ultra Treasury Bond 188 12/2021 USD 35,919,750 — (1,297,441)
Total         — (51,368,458)
    
Put option contracts purchased
Description Counterparty Trading
currency 		Notional
amount 		Number of
contracts 		Exercise
price/Rate 		Expiration
date 		Cost ($) Value ($)
S&P 500 Index JPMorgan USD 1,271,585,808 2,952 3,400.00 12/16/2022 54,435,912 47,453,400
S&P 500 Index JPMorgan USD 357,525,820 830 3,300.00 12/16/2022 12,758,191 11,839,950
S&P 500 Index JPMorgan USD 379,063,520 880 3,200.00 12/16/2022 18,926,231 11,189,200
S&P 500 Index JPMorgan USD 99,073,420 230 3,500.00 12/16/2022 3,642,752 4,169,900
S&P 500 Index JPMorgan USD 86,150,800 200 3,600.00 12/16/2022 3,204,211 4,067,000
Total             92,967,297 78,719,450
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 September 30, 2021 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 Short-Term Cash Fund, 0.065%
  587,336,282 949,966,815 (738,170,731) 3,929 799,136,295 — (3,929) 367,313 799,216,217
Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares
  240,260,436 601,265 (38,752,952) 26,150,267 228,259,016 — 11,983,192 — 2,887,162
Columbia Variable Portfolio – Income Opportunities Fund, Class 1 Shares
  26,520,019 — (25,418,348) (1,101,671) — — 1,101,487 — —
Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares
  89,352,453 — (80,468,005) (8,884,448) — — 8,694,363 — —
Columbia Variable Portfolio – Large Cap Index Fund, Class 1 Shares
  489,081,287 41,152,143 (33,629,798) 77,872,828 574,476,460 — 3,912,470 — 16,241,913
Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares
  26,313,985 15,493,243 (1,192,890) (515,404) 40,098,934 — (2,969) 560,777 4,046,310
Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares
  21,689,436 21,633,022 — (3,296,626) 40,025,832 1,699,596 — 736,936 3,642,023
Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares
  49,820,436 151,638,482 (255,265) 26,024,628 227,228,281 — 11,270 — 13,788,124
Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares
  237,845,337 509,198 (29,754,316) 28,052,209 236,652,428 — 8,327,794 — 6,843,621
Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares
  25,991,990 3,776,081 (66,988) (899,579) 28,801,504 443,132 (372) 571,049 2,745,615
CTIVP® – American Century Diversified Bond Fund, Class 1 Shares
  86,747,060 6,288,545 (17,037,957) (3,583,829) 72,413,819 1,492,244 220,549 1,633,159 6,442,510
2 Variable Portfolio – U.S. Flexible Growth Fund  | Quarterly Report 2021
Portfolio of Investments   (continued)
Variable Portfolio – U.S. Flexible Growth Fund, September 30, 2021 (Unaudited)
Notes to Portfolio of Investments  (continued)
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
CTIVP® – Loomis Sayles Growth Fund, Class 1 Shares
  238,680,307 — (19,004,747) 15,440,166 235,115,726 — 11,662,566 — 4,266,299
CTIVP® – Morgan Stanley Advantage Fund, Class 1 Shares
  245,872,426 5,982,842 (15,443,699) (3,219,616) 233,191,953 — 10,356,187 — 3,627,753
CTIVP® – T. Rowe Price Large Cap Value Fund, Class 1 Shares
  240,073,980 16,324,624 (44,088,271) 25,986,219 238,296,552 — 10,387,012 — 7,560,170
CTIVP® – TCW Core Plus Bond Fund, Class 1 Shares
  83,241,934 12,736,043 (3,600,485) (5,687,174) 86,690,318 3,712,200 (19,372) 1,175,819 8,064,216
CTIVP® – Wells Fargo Short Duration Government Fund, Class 1 Shares
  11,949,435 3,053,060 (25,179) (555,736) 14,421,580 250,382 (873) 220,894 1,455,255
Variable Portfolio – Partners Core Bond Fund, Class 1 Shares
  78,026,259 78,302,905 (695,532) (5,978,241) 149,655,391 3,253,081 (38,495) 1,825,175 13,434,057
Variable Portfolio – Partners Core Equity Fund, Class 1 Shares
  448,193,100 42,929,723 (63,701,286) 43,409,865 470,831,402 — 20,587,809 — 14,438,252
Total 3,226,996,162     209,217,787 3,675,295,491 10,850,635 87,178,689 7,091,122  
    
(b) Non-income producing investment.
(c) Represents a security purchased on a when-issued basis.
(d) The rate shown is the seven-day current annualized yield at September 30, 2021.
Abbreviation Legend
TBA To Be Announced
Currency Legend
USD US Dollar
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Variable Portfolio – U.S. Flexible Growth Fund  | Quarterly Report 2021
3
You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.
3QT7060_12_L01_(11/21)