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Form NPORT-P COLUMBIA ACORN TRUST For: Mar 31

May 25, 2022 9:36 AM EDT

  
    NPORT-P
    false
    
      
      
        
          0000002110
          XXXXXXXX
        
      
      
      
      
        S000009188
        C000122748
        C000024970
        C000024972
        C000024973
        C000122746
        C000122747
      
      
      
    
  
  
    
      Columbia Acorn Trust
      811-01829
      0000002110
      549300DX0CWIN8VE1908
      71 S Wacker Dr.
      Suite 2500
      Chicago
      
      60606
      312-634-9200
      Columbia Acorn International Select
      S000009188
      549300KTP8INZROJV026
      2022-12-31
      2022-03-31
      N
    
    
      371956701.300000000000
      415549.020000000000
      371541152.280000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      89304.280000000000
      N
      
        
          
          
          
          
          
          
        
        
        
        
      
      
      
      
      
    
    
      
        Amplifon
        ZYXJDNVM2JI3VBM8G556
        Amplifon SpA
        000000000
        
          
          
          
        
        212945.000000000000
        NS
        
        9477089.780000000000
        2.5507510331
        Long
        EC
        CORP
        IT
        
        N
        
        2
        
          N
          N
          N
        
      
      
        BGP HOLDINGS PLC
        N/A
        BGP HOLDINGS PLC
        000000000
        
          
          
          
        
        2232232.000000000000
        NS
        
        2.470000000000
        0.0000006648
        Long
        EC
        CORP
        MT
        
        N
        
        3
        
          N
          N
          N
        
      
      
        CCL INDS INC
        549300TD3EMSRRC0YH75
        CCL Industries Inc
        000000000
        
          
          
          
        
        156747.000000000000
        NS
        
        7071576.050000000000
        1.9033089623
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        COLUMBIA SHORT TERM CASH FUND
        N/A
        COLUMBIA SHORT TERM CASH FUND
        19766H239
        
          
        
        4925931.311000000000
        NS
        USD
        4923960.940000000000
        1.3252800961
        Long
        STIV
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Daifuku Co Ltd
        N/A
        Daifuku Co Ltd
        000000000
        
          
          
          
        
        122800.000000000000
        NS
        
        8761961.550000000000
        2.3582748496
        Long
        EC
        CORP
        JP
        
        N
        
        2
        
          N
          N
          N
        
      
      
        DECHRA PHARMACEUTICALS
        213800J4UVB5OWG8VX82
        Dechra Pharmaceuticals PLC
        000000000
        
          
          
          
        
        278865.000000000000
        NS
        
        14805531.410000000000
        3.9848967790
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        DIPLOMA PLC
        2138008OGI7VYG8FGR19
        Diploma PLC
        000000000
        
          
          
          
        
        237345.000000000000
        NS
        
        8148240.690000000000
        2.1930923775
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        FISHER & PAYKEL HEALTHCARE CORPORATION LTD
        N/A
        Fisher & Paykel Healthcare Corp Ltd
        000000000
        
          
          
          
        
        598180.000000000000
        NS
        
        10037573.850000000000
        2.7016048662
        Long
        EC
        CORP
        NZ
        
        N
        
        2
        
          N
          N
          N
        
      
      
        HIKARI TSUSHIN INC
        3538001SOIIV8U3OXH94
        Hikari Tsushin Inc
        000000000
        
          
          
          
        
        74600.000000000000
        NS
        
        8480985.780000000000
        2.2826504488
        Long
        EC
        CORP
        JP
        
        N
        
        2
        
          N
          N
          N
        
      
      
        LONZA GROUP AG
        549300EFW4H2TCZ71055
        Lonza Group AG
        000000000
        
          
          
          
        
        20953.000000000000
        NS
        
        15182626.700000000000
        4.0863916707
        Long
        EC
        CORP
        CH
        
        N
        
        2
        
          N
          N
          N
        
      
      
        NEMETSCHEK SE
        529900R0S2IX1S358J38
        Nemetschek SE
        000000000
        
          
          
          
        
        153582.000000000000
        NS
        
        14749071.790000000000
        3.9697007181
        Long
        EC
        CORP
        DE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        MAPLETREE LG TR
        549300M9EBZIYH387075
        Mapletree Logistics Trust
        000000000
        
          
          
          
        
        5886100.000000000000
        NS
        
        7998759.760000000000
        2.1528597064
        Long
        EC
        CORP
        SG
        
        N
        
        2
        
          N
          N
          N
        
      
      
        NETEASE INC
        5299004AF4DSJDB0PA32
        NetEase Inc
        64110W102
        
          
          
          
        
        87597.000000000000
        NS
        USD
        7856574.930000000000
        2.1145907746
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Korea Investment Holdings Co Ltd
        N/A
        Korea Investment Holdings Co Ltd
        000000000
        
          
          
          
        
        127888.000000000000
        NS
        
        8216027.010000000000
        2.2113370106
        Long
        EC
        CORP
        KR
        
        N
        
        2
        
          N
          N
          N
        
      
      
        OBIC
        N/A
        Obic Co Ltd
        000000000
        
          
          
          
        
        52400.000000000000
        NS
        
        7848310.480000000000
        2.1123664046
        Long
        EC
        CORP
        JP
        
        N
        
        2
        
          N
          N
          N
        
      
      
        PARTNERS GROUP HOLDING AG
        549300I3IVVWZWDHI788
        Partners Group Holding AG
        000000000
        
          
          
          
        
        10305.000000000000
        NS
        
        12759678.200000000000
        3.4342570457
        Long
        EC
        CORP
        CH
        
        N
        
        2
        
          N
          N
          N
        
      
      
        KONINKLIJKE PHILIPS NV
        H1FJE8H61JGM1JSGM897
        Koninklijke Philips NV
        000000000
        
          
          
          
        
        228591.000000000000
        NS
        
        6970584.480000000000
        1.8761271631
        Long
        EC
        CORP
        NL
        
        N
        
        2
        
          N
          N
          N
        
      
      
        RENTOKIL INITIAL PLC
        549300VN4WV7Z6T14K68
        Rentokil Initial PLC
        000000000
        
          
          
          
        
        2131311.000000000000
        NS
        
        14681492.700000000000
        3.9515118608
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        SEKISUI CHEM CO LTD
        529900KQIVT7NWFNMI70
        Sekisui Chemical Co Ltd
        000000000
        
          
          
          
        
        553000.000000000000
        NS
        
        7923884.160000000000
        2.1327069993
        Long
        EC
        CORP
        JP
        
        N
        
        2
        
          N
          N
          N
        
      
      
        SHENZHOU INTERNATIONAL GROUP HOL
        529900B4W41TCUKJFM73
        Shenzhou International Group Holdings Ltd
        000000000
        
          
          
          
        
        647000.000000000000
        NS
        
        8541707.740000000000
        2.2989937151
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        SIMCORP A/S
        5299000WVEJNSG42AK88
        SimCorp A/S
        000000000
        
          
          
          
        
        84242.000000000000
        NS
        
        6177510.940000000000
        1.6626720626
        Long
        EC
        CORP
        DK
        
        N
        
        2
        
          N
          N
          N
        
      
      
        TOTVS SA
        N/A
        TOTVS SA
        000000000
        
          
          
          
        
        2023405.000000000000
        NS
        
        15537683.240000000000
        4.1819548507
        Long
        EC
        CORP
        BR
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PARADE TECHNOLOGIES LTD
        529900D9FDQHQKAQLY02
        Parade Technologies Ltd
        000000000
        
          
          
          
        
        240000.000000000000
        NS
        
        14999510.650000000000
        4.0371061343
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        VOLTRONIC POWER TECHNOLOGY CORP
        N/A
        Voltronic Power Technology Corp
        000000000
        
          
          
          
        
        246852.000000000000
        NS
        
        12457511.220000000000
        3.3529290480
        Long
        EC
        CORP
        TW
        
        N
        
        2
        
          N
          N
          N
        
      
      
        IDP EDUCATION LTD
        N/A
        IDP Education Ltd
        000000000
        
          
          
          
        
        390359.000000000000
        NS
        
        9135997.060000000000
        2.4589462039
        Long
        EC
        CORP
        AU
        
        N
        
        2
        
          N
          N
          N
        
      
      
        RIGHTMOVE PLC
        2138001JXGCFKBXYB828
        RIGHTMOVE PLC
        000000000
        
          
          
          
        
        1661620.000000000000
        NS
        
        13732695.160000000000
        3.6961437719
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        SILERGY CORP
        N/A
        Silergy Corp
        000000000
        
          
          
          
        
        62000.000000000000
        NS
        
        7269550.320000000000
        1.9565935766
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        VALMET OYJ
        213800D9O7FUQDH83V62
        Valmet Oyj
        000000000
        
          
          
          
        
        241094.000000000000
        NS
        
        7483184.880000000000
        2.0140931453
        Long
        EC
        CORP
        FI
        
        N
        
        2
        
          N
          N
          N
        
      
      
        NEXI SPA
        5493000P70CQRQG8SN85
        Nexi SpA
        000000000
        
          
          
          
        
        692571.000000000000
        NS
        
        7992075.180000000000
        2.1510605571
        Long
        EC
        CORP
        IT
        
        N
        
        2
        
          N
          N
          N
        
      
      
        SECTRA AB
        549300R9ZBT8YSFFK266
        Sectra AB
        000000000
        
          
          
          
        
        767192.000000000000
        NS
        
        11718998.880000000000
        3.1541590502
        Long
        EC
        CORP
        SE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        SWECO AB
        549300Q4Y55VICYV6U90
        Sweco AB
        000000000
        
          
          
          
        
        502344.000000000000
        NS
        
        7303406.550000000000
        1.9657059535
        Long
        EC
        CORP
        SE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        IMCD NV
        724500NSJPNFJPDAUP02
        IMCD NV
        000000000
        
          
          
          
        
        73441.000000000000
        NS
        
        12528480.500000000000
        3.3720303722
        Long
        EC
        CORP
        NL
        
        N
        
        2
        
          N
          N
          N
        
      
      
        HEXAGON AB
        549300WJFW6ILNI4TA80
        Hexagon AB
        000000000
        
          
          
          
        
        1318011.000000000000
        NS
        
        18466389.510000000000
        4.9702137695
        Long
        EC
        CORP
        SE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        BELIMO HOLDING AG
        506700339DLX749VEM23
        Belimo Holding AG
        000000000
        
          
          
          
        
        25396.000000000000
        NS
        
        13450227.290000000000
        3.6201177736
        Long
        EC
        CORP
        CH
        
        N
        
        2
        
          N
          N
          N
        
      
      
        RECRUIT HOLDINGS CO LTD
        353800R2LRSMVVC4I806
        Recruit Holdings Co Ltd
        000000000
        
          
          
          
        
        385300.000000000000
        NS
        
        16740147.440000000000
        4.5055971155
        Long
        EC
        CORP
        JP
        
        N
        
        2
        
          N
          N
          N
        
      
      
        INTERMEDIATE CAPITAL GROUP
        549300OGASR5WRKJ8R68
        Intermediate Capital Group PLC
        000000000
        
          
          
          
        
        461769.000000000000
        NS
        
        10720927.650000000000
        2.8855289876
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
    
    
      2022-04-26
      Columbia Acorn Trust
      Martha Skinner
      Martha Skinner
      Assistant Treasurer
    
  
  XXXX



Portfolio of Investments
Columbia Acorn® Fund, March 31, 2022 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 99.3%
Issuer Shares Value ($)
Communication Services 2.8%
Entertainment 2.8%
Roblox Corp., Class A(a) 482,393 22,305,852
Take-Two Interactive Software, Inc.(a) 211,000 32,439,140
Zynga, Inc., Class A(a) 4,911,183 45,379,331
Total   100,124,323
Total Communication Services 100,124,323
Consumer Discretionary 16.8%
Auto Components 0.9%
Dorman Products, Inc.(a) 113,979 10,831,424
Visteon Corp.(a) 212,742 23,216,535
Total   34,047,959
Diversified Consumer Services 3.4%
Bright Horizons Family Solutions, Inc.(a) 371,928 49,351,126
Chegg, Inc.(a) 1,965,290 71,300,721
Total   120,651,847
Hotels, Restaurants & Leisure 5.6%
Churchill Downs, Inc. 227,000 50,344,060
DraftKings, Inc., Class A(a) 433,250 8,435,378
Planet Fitness, Inc., Class A(a) 979,992 82,789,724
Wendy’s Co. (The) 646,638 14,206,637
Wingstop, Inc. 394,683 46,316,050
Total   202,091,849
Household Durables 1.5%
Skyline Champion Corp.(a) 1,013,714 55,632,624
Internet & Direct Marketing Retail 1.4%
Etsy, Inc.(a) 396,165 49,235,386
Leisure Products 0.4%
Brunswick Corp. 164,612 13,315,465
Specialty Retail 3.6%
Five Below, Inc.(a) 382,265 60,539,308
Floor & Decor Holdings, Inc.(a) 479,337 38,826,297
Vroom, Inc.(a) 1,565,655 4,164,642
Williams-Sonoma, Inc. 186,700 27,071,500
Total   130,601,747
Total Consumer Discretionary 605,576,877
Common Stocks (continued)
Issuer Shares Value ($)
Consumer Staples 3.4%
Food & Staples Retailing 1.6%
BJ’s Wholesale Club Holdings, Inc.(a) 824,000 55,710,640
Household Products 1.8%
Church & Dwight Co., Inc. 238,711 23,723,099
WD-40 Co. 231,394 42,398,323
Total   66,121,422
Total Consumer Staples 121,832,062
Energy 1.1%
Oil, Gas & Consumable Fuels 1.1%
Devon Energy Corp. 669,600 39,593,448
Total Energy 39,593,448
Financials 5.1%
Banks 1.3%
Lakeland Financial Corp. 619,920 45,254,160
Capital Markets 3.8%
Ares Management Corp., Class A 965,986 78,467,043
GCM Grosvenor, Inc., Class A(b) 2,226,000 21,614,460
Houlihan Lokey, Inc., Class A 176,459 15,493,100
Open Lending Corp., Class A(a) 1,233,417 23,323,915
Total   138,898,518
Total Financials 184,152,678
Health Care 20.4%
Biotechnology 3.0%
Argenx SE, ADR(a) 95,205 30,019,088
Insmed, Inc.(a) 842,546 19,799,831
Intellia Therapeutics, Inc.(a) 183,000 13,298,610
Iovance Biotherapeutics, Inc.(a) 650,700 10,834,155
Mirati Therapeutics, Inc.(a) 187,230 15,394,051
Natera, Inc.(a) 464,970 18,914,980
Total   108,260,715
Columbia Acorn® Fund | First Quarter Report 2022
1

Portfolio of Investments   (continued)
Columbia Acorn® Fund, March 31, 2022 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
Health Care Equipment & Supplies 3.3%
Axonics, Inc.(a) 229,986 14,397,124
Globus Medical, Inc., Class A(a) 433,100 31,954,118
Insulet Corp.(a) 192,303 51,227,596
Tandem Diabetes Care, Inc.(a) 167,397 19,466,597
Total   117,045,435
Health Care Providers & Services 4.4%
Amedisys, Inc.(a) 483,321 83,271,375
Chemed Corp. 111,357 56,407,888
P3 Health Partners, Inc.(a),(b) 2,500,000 19,550,000
Total   159,229,263
Health Care Technology 2.1%
Doximity, Inc., Class A(a) 1,053,521 54,877,909
Inspire Medical Systems, Inc.(a) 82,250 21,112,752
Total   75,990,661
Life Sciences Tools & Services 6.5%
10X Genomics, Inc., Class A(a) 619,098 47,094,785
Bio-Techne Corp. 223,316 96,704,761
Codexis, Inc.(a) 687,673 14,179,817
Repligen Corp.(a) 414,498 77,962,929
Total   235,942,292
Pharmaceuticals 1.1%
Catalent, Inc.(a) 341,314 37,851,723
Total Health Care 734,320,089
Industrials 16.5%
Air Freight & Logistics 0.6%
GXO Logistics, Inc.(a) 334,066 23,832,269
Commercial Services & Supplies 1.3%
Rollins, Inc. 1,320,165 46,271,783
Electrical Equipment 4.0%
AMETEK, Inc. 343,667 45,769,571
Atkor, Inc.(a) 257,702 25,368,185
Generac Holdings, Inc.(a) 177,266 52,694,091
Shoals Technologies Group, Inc., Class A(a) 1,267,675 21,601,182
Total   145,433,029
Common Stocks (continued)
Issuer Shares Value ($)
Machinery 5.7%
IDEX Corp. 93,235 17,875,947
Ingersoll Rand, Inc. 1,277,033 64,298,612
Kornit Digital Ltd.(a) 539,563 44,616,464
Middleby Corp. (The)(a) 101,561 16,649,910
SPX Corp.(a) 1,233,872 60,965,616
Total   204,406,549
Professional Services 3.0%
CoStar Group, Inc.(a) 1,144,470 76,233,147
ICF International, Inc. 330,012 31,067,329
Total   107,300,476
Trading Companies & Distributors 1.9%
SiteOne Landscape Supply, Inc.(a) 430,151 69,551,115
Total Industrials 596,795,221
Information Technology 28.1%
Electronic Equipment, Instruments & Components 1.4%
CDW Corp. 287,313 51,397,423
IT Services 5.5%
DigitalOcean Holdings, Inc.(a) 383,250 22,171,012
Endava PLC, ADR(a) 474,186 63,080,964
MongoDB, Inc.(a) 166,250 73,746,837
VeriSign, Inc.(a) 185,562 41,280,123
Total   200,278,936
Semiconductors & Semiconductor Equipment 3.8%
Enphase Energy, Inc.(a) 304,253 61,392,170
Marvell Technology, Inc. 213,357 15,299,831
Teradyne, Inc. 510,845 60,397,204
Total   137,089,205
Software 17.4%
Avalara, Inc.(a) 496,000 49,356,960
Bill.com Holdings, Inc.(a) 387,695 87,925,349
Cadence Design Systems, Inc.(a) 244,059 40,137,943
Crowdstrike Holdings, Inc., Class A(a) 185,285 42,074,518
DocuSign, Inc.(a) 130,620 13,992,014
Five9, Inc.(a) 419,315 46,292,376
HubSpot, Inc.(a) 155,743 73,968,581
Paycom Software, Inc.(a) 115,061 39,854,829
Trade Desk, Inc. (The), Class A(a) 1,262,368 87,418,984
 
2 Columbia Acorn® Fund | First Quarter Report 2022

Portfolio of Investments   (continued)
Columbia Acorn® Fund, March 31, 2022 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
Voyager Digital Ltd.(a),(c) 1,953,276 10,483,928
Workiva, Inc., Class A(a) 417,759 49,295,562
Zendesk, Inc.(a) 300,615 36,160,978
Zscaler, Inc.(a) 202,044 48,749,176
Total   625,711,198
Total Information Technology 1,014,476,762
Materials 2.7%
Chemicals 2.7%
Albemarle Corp. 234,680 51,899,482
Avient Corp. 958,000 45,984,000
Total   97,883,482
Total Materials 97,883,482
Real Estate 2.4%
Real Estate Management & Development 2.4%
Colliers International Group, Inc. 419,917 54,757,177
FirstService Corp. 209,311 30,324,978
Total   85,082,155
Total Real Estate 85,082,155
Total Common Stocks
(Cost $3,385,811,818)
3,579,837,097
Securities Lending Collateral 0.1%
Issuer Shares Value ($)
Dreyfus Government Cash Management Fund, Institutional Shares, 0.194%(d),(e) 2,002,007 2,002,007
Total Securities Lending Collateral
(Cost $2,002,007)
2,002,007
Money Market Funds 1.0%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.308%(b),(d) 37,998,947 37,983,748
Total Money Market Funds
(Cost $37,983,522)
37,983,748
Total Investments in Securities
(Cost: $3,425,797,347)
3,619,822,852
Obligation to Return Collateral for Securities Loaned   (2,002,007)
Other Assets & Liabilities, Net   (13,832,037)
Net Assets 3,603,988,808
 
Notes to Portfolio of Investments
(a) Non-income producing investment.
(b) 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, 2022 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, 0.308%
  81,660,901 245,653,508 (289,330,209) (452) 37,983,748 1,295 18,307 37,998,947
GCM Grosvenor, Inc., Class A
  23,373,000 (1,758,540) 21,614,460 222,600 2,226,000
P3 Health Partners, Inc.
  25,000,000 (5,450,000) 19,550,000 2,500,000
Total 105,033,901     (7,208,992) 79,148,208 1,295 240,907  
    
Issuer was not an affiliate at the beginning of period.
    
(c) All or a portion of this security was on loan at March 31, 2022. The total market value of securities on loan at March 31, 2022 was $1,991,657.
(d) The rate shown is the seven-day current annualized yield at March 31, 2022.
(e) Investment made with cash collateral received from securities lending activity.
Columbia Acorn® Fund | First Quarter Report 2022
3

Portfolio of Investments   (continued)
Columbia Acorn® Fund, March 31, 2022 (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.
4 Columbia Acorn® Fund | First Quarter Report 2022

Portfolio of Investments
Columbia Acorn International®, March 31, 2022 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 97.0%
Issuer Shares Value ($)
Australia 5.9%
Bapcor Ltd. 6,840,100 32,604,128
carsales.com Ltd. 973,046 15,064,029
IDP Education Ltd. 1,459,389 34,155,671
Johns Lyng Group Ltd. 2,570,021 16,636,471
Pro Medicus Ltd. 284,776 10,316,522
Total 108,776,821
Austria 1.1%
S&T AG(a) 1,130,860 21,131,354
Brazil 3.5%
Hapvida Participacoes e Investimentos SA 9,049,064 22,655,683
TOTVS SA 5,392,344 41,407,693
Total 64,063,376
Canada 2.4%
Altus Group Ltd. 456,750 18,450,486
Osisko Gold Royalties Ltd. 1,995,675 26,323,786
Total 44,774,272
China 2.1%
Shenzhou International Group Holdings Ltd. 950,500 12,548,521
Silergy Corp. 228,000 26,733,185
Total 39,281,706
Denmark 2.8%
ALK-Abello A/S(b) 1,506,440 33,209,405
SimCorp AS 257,019 18,847,341
Total 52,056,746
Finland 0.9%
Valmet OYJ(a) 527,201 16,363,504
France 0.6%
Robertet SA 11,937 11,633,875
Germany 6.7%
Eckert & Ziegler Strahlen- und Medizintechnik AG 257,068 16,391,281
Hypoport SE(b) 85,481 32,267,851
Jenoptik AG 944,806 28,426,247
Nemetschek SE 378,062 36,306,752
Secunet Security Networks AG 22,684 10,487,935
Total 123,880,066
Common Stocks (continued)
Issuer Shares Value ($)
Greece 0.3%
JUMBO SA 387,931 5,779,883
India 0.6%
Balkrishna Industries Ltd. 185,496 5,201,893
ICICI Prudential Life Insurance Co., Ltd. 876,752 5,763,205
Total 10,965,098
Italy 4.5%
Amplifon SpA 960,256 42,736,070
Carel Industries SpA 284,125 7,252,518
GVS SpA 1,127,028 10,194,879
Nexi SpA(b) 2,088,223 24,097,508
Total 84,280,975
Japan 16.2%
Aruhi Corp. 1,601,600 13,035,404
CyberAgent, Inc. 1,847,900 22,867,035
Daifuku Co., Ltd. 401,200 28,626,213
Daiseki Co., Ltd. 880,119 33,104,124
Disco Corp. 62,300 17,421,413
Fuso Chemical Co., Ltd. 494,400 18,166,016
Giken Ltd. 59,900 1,816,309
Hikari Tsushin, Inc. 401,128 45,602,692
Hoshizaki Corp. 218,100 14,961,636
NSD Co., Ltd. 555,300 9,924,827
Obic Co., Ltd. 131,400 19,680,687
Seiren Co., Ltd. 327,700 5,947,164
Sekisui Chemical Co., Ltd. 1,992,300 28,547,476
Simplex Holdings, Inc. 1,053,200 16,428,547
Solasto Corp. 1,944,000 15,636,487
Valqua Ltd. 367,600 7,960,064
Total 299,726,094
Malta 0.6%
Kindred Group PLC 1,050,876 11,465,667
Mexico 1.3%
Corporación Inmobiliaria Vesta SAB de CV 12,347,824 23,584,406
Columbia Acorn International® | First Quarter Report 2022
5

Portfolio of Investments   (continued)
Columbia Acorn International®, March 31, 2022 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
Netherlands 4.4%
Argenx SE, ADR(b) 92,665 29,218,201
BE Semiconductor Industries NV 141,617 12,071,906
IMCD NV 233,202 39,782,502
Total 81,072,609
New Zealand 1.5%
Fisher & Paykel Healthcare Corp., Ltd. 1,626,544 27,293,717
Singapore 0.5%
Mapletree Logistics Trust 7,216,544 9,806,731
South Korea 2.7%
Koh Young Technology, Inc. 1,138,345 17,670,798
Korea Investment Holdings Co., Ltd. 498,995 32,057,397
Total 49,728,195
Spain 1.9%
Befesa SA 274,625 21,583,835
Vidrala SA 186,448 13,082,736
Total 34,666,571
Sweden 8.7%
AddTech AB, B Shares 1,996,485 38,329,156
Dometic Group AB 2,125,342 18,288,693
Hexagon AB, Class B 3,780,063 52,961,710
Munters Group AB 3,087,087 19,124,317
Sectra AB, Class B(b) 1,290,353 19,710,379
Sweco AB, Class B 823,197 11,968,178
Total 160,382,433
Switzerland 3.4%
Belimo Holding AG, Registered Shares 65,213 34,538,103
Inficon Holding AG 18,222 20,887,308
Montana Aerospace AG(b),(c) 391,115 6,879,836
Total 62,305,247
Taiwan 5.7%
Parade Technologies Ltd. 743,000 46,435,985
Sinbon Electronics Co., Ltd. 2,351,000 21,206,382
Universal Vision Biotechnology Co., Ltd. 1,091,000 10,590,688
Voltronic Power Technology Corp. 544,408 27,473,825
Total 105,706,880
Common Stocks (continued)
Issuer Shares Value ($)
United Kingdom 15.7%
Abcam PLC(b) 808,940 14,621,658
Auto Trader Group PLC 2,652,622 21,898,148
Dechra Pharmaceuticals PLC 832,134 44,179,750
Diploma PLC 807,269 27,714,180
Genus PLC 421,429 15,622,880
Halma PLC 452,900 14,817,581
Intermediate Capital Group PLC 1,911,609 44,381,978
Rentokil Initial PLC 5,597,778 38,560,181
Rightmove PLC 4,706,536 38,897,837
Safestore Holdings PLC 575,692 10,133,854
Spirax-Sarco Engineering PLC 121,247 19,821,554
Total 290,649,601
United States 1.9%
Inter Parfums, Inc. 400,220 35,239,371
Vietnam 1.1%
Asia Commercial Bank JSC(b) 7,808,532 11,253,700
FPT Corp. 2,095,200 9,790,961
Total 21,044,661
Total Common Stocks
(Cost $1,322,819,869)
1,795,659,859
Securities Lending Collateral 1.0%
Dreyfus Government Cash Management Fund, Institutional Shares, 0.194%(d),(e) 17,603,602 17,603,602
Total Securities Lending Collateral
(Cost $17,603,602)
17,603,602
Money Market Funds 2.4%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.308%(d),(f) 44,961,277 44,943,292
Total Money Market Funds
(Cost $44,943,292)
44,943,292
Total Investments in Securities
(Cost $1,385,366,763)
1,858,206,753
Obligation to Return Collateral for Securities Loaned   (17,603,602)
Other Assets & Liabilities, Net   10,945,768
Net Assets $1,851,548,919
 
At March 31, 2022, securities and/or cash totaling $2,381,002 were pledged as collateral.
6 Columbia Acorn International® | First Quarter Report 2022

Portfolio of Investments   (continued)
Columbia Acorn International®, March 31, 2022 (Unaudited)
Investments in derivatives
Long futures contracts
Description Number of
contracts
Expiration
date
Trading
currency
Notional
amount
Value/Unrealized
appreciation ($)
Value/Unrealized
depreciation ($)
MSCI EAFE Index 102 06/2022 USD 10,936,440 (19,821)
MSCI Emerging Markets Index 375 06/2022 USD 21,103,125 212,609
Total         212,609 (19,821)
Notes to Portfolio of Investments
(a) All or a portion of this security was on loan at March 31, 2022. The total market value of securities on loan at March 31, 2022 was $16,675,927.
(b) Non-income producing investment.
(c) Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At March 31, 2022, the total value of these securities amounted to $6,879,836, which represents 0.37% of total net assets.
(d) The rate shown is the seven-day current annualized yield at March 31, 2022.
(e) Investment made with cash collateral received from securities lending activity.
(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, 2022 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, 0.308%
  22,664,312 110,429,529 (88,150,549) 44,943,292 (915) 8,383 44,961,277
Abbreviation Legend
ADR American Depositary Receipt
Currency Legend
USD US Dollar
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Acorn International® | First Quarter Report 2022
7

Portfolio of Investments
Columbia Acorn USA®, March 31, 2022 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 99.4%
Issuer Shares Value ($)
Consumer Discretionary 19.4%
Auto Components 2.3%
Dorman Products, Inc.(a) 37,320 3,546,520
Visteon Corp.(a) 14,530 1,585,659
Total   5,132,179
Diversified Consumer Services 3.5%
Bright Horizons Family Solutions, Inc.(a) 22,625 3,002,111
Chegg, Inc.(a) 130,704 4,741,941
Total   7,744,052
Hotels, Restaurants & Leisure 8.1%
Churchill Downs, Inc. 20,741 4,599,939
First Watch Restaurant Group, Inc.(a) 14,456 188,651
Planet Fitness, Inc., Class A(a) 85,292 7,205,468
Wendy’s Co. (The) 126,471 2,778,568
Wingstop, Inc. 27,399 3,215,272
Total   17,987,898
Household Durables 2.3%
Skyline Champion Corp.(a) 91,970 5,047,314
Leisure Products 1.2%
Brunswick Corp. 31,210 2,524,577
Specialty Retail 2.0%
Five Below, Inc.(a) 26,340 4,171,466
Vroom, Inc.(a) 109,388 290,972
Total   4,462,438
Total Consumer Discretionary 42,898,458
Consumer Staples 5.6%
Food & Staples Retailing 2.9%
BJ’s Wholesale Club Holdings, Inc.(a) 95,799 6,476,971
Household Products 2.7%
Church & Dwight Co., Inc. 26,034 2,587,259
WD-40 Co. 17,745 3,251,416
Total   5,838,675
Total Consumer Staples 12,315,646
Financials 8.3%
Banks 2.3%
Lakeland Financial Corp. 71,141 5,193,293
Common Stocks (continued)
Issuer Shares Value ($)
Capital Markets 6.0%
Ares Management Corp., Class A 59,417 4,826,443
GCM Grosvenor, Inc., Class A 492,480 4,781,981
Houlihan Lokey, Inc., Class A 13,029 1,143,946
Open Lending Corp., Class A(a) 133,304 2,520,778
Total   13,273,148
Total Financials 18,466,441
Health Care 25.4%
Biotechnology 3.2%
Insmed, Inc.(a) 140,494 3,301,609
Intellia Therapeutics, Inc.(a) 14,185 1,030,824
Iovance Biotherapeutics, Inc.(a) 43,100 717,615
Mirati Therapeutics, Inc.(a) 16,049 1,319,549
Natera, Inc.(a) 20,515 834,550
Total   7,204,147
Health Care Equipment & Supplies 3.2%
Globus Medical, Inc., Class A(a) 34,005 2,508,889
Insulet Corp.(a) 12,254 3,264,343
Tandem Diabetes Care, Inc.(a) 11,434 1,329,660
Total   7,102,892
Health Care Providers & Services 7.9%
Amedisys, Inc.(a) 38,777 6,680,889
Chemed Corp. 13,887 7,034,460
P3 Health Partners, Inc.(a),(b) 484,027 3,785,091
Total   17,500,440
Health Care Technology 2.4%
Doximity, Inc., Class A(a) 74,307 3,870,652
Inspire Medical Systems, Inc.(a) 5,587 1,434,127
Total   5,304,779
Life Sciences Tools & Services 8.3%
10X Genomics, Inc., Class A(a) 34,412 2,617,721
Bio-Techne Corp. 13,443 5,821,357
Codexis, Inc.(a) 139,525 2,877,005
DNA Script(a),(c),(d),(e) 1,139 603,536
Repligen Corp.(a) 33,935 6,382,834
Total   18,302,453
8 Columbia Acorn USA® | First Quarter Report 2022

Portfolio of Investments   (continued)
Columbia Acorn USA®, March 31, 2022 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
Pharmaceuticals 0.4%
Catalent, Inc.(a) 8,404 932,004
Total Health Care 56,346,715
Industrials 16.9%
Air Freight & Logistics 0.4%
GXO Logistics, Inc.(a) 11,943 852,014
Commercial Services & Supplies 1.2%
Rollins, Inc. 78,567 2,753,773
Electrical Equipment 4.7%
Atkor, Inc.(a) 48,782 4,802,100
Generac Holdings, Inc.(a) 7,505 2,230,936
Shoals Technologies Group, Inc., Class A(a) 194,351 3,311,741
Total   10,344,777
Machinery 5.6%
Ingersoll Rand, Inc. 78,963 3,975,787
Kornit Digital Ltd.(a) 33,162 2,742,166
Middleby Corp. (The)(a) 13,744 2,253,191
SPX Corp.(a) 68,525 3,385,820
Total   12,356,964
Professional Services 2.9%
CoStar Group, Inc.(a) 43,212 2,878,352
ICF International, Inc. 37,423 3,523,001
Total   6,401,353
Trading Companies & Distributors 2.1%
SiteOne Landscape Supply, Inc.(a) 29,213 4,723,450
Total Industrials 37,432,331
Information Technology 19.0%
Electronic Equipment, Instruments & Components 1.5%
Badger Meter, Inc. 33,421 3,332,408
IT Services 5.1%
DigitalOcean Holdings, Inc.(a) 26,286 1,520,645
Endava PLC, ADR(a) 40,620 5,403,679
MongoDB, Inc.(a) 9,914 4,397,751
Total   11,322,075
Common Stocks (continued)
Issuer Shares Value ($)
Software 12.4%
Avalara, Inc.(a) 30,690 3,053,962
Bill.com Holdings, Inc.(a) 23,752 5,386,716
Five9, Inc.(a) 39,690 4,381,776
HubSpot, Inc.(a) 9,393 4,461,111
Trade Desk, Inc. (The), Class A(a) 75,915 5,257,114
Voyager Digital Ltd.(a) 258,787 1,389,002
Workiva, Inc., Class A(a) 30,579 3,608,322
Total   27,538,003
Total Information Technology 42,192,486
Materials 1.9%
Chemicals 1.9%
Avient Corp. 86,200 4,137,600
Total Materials 4,137,600
Real Estate 2.9%
Real Estate Management & Development 2.9%
Colliers International Group, Inc. 33,829 4,411,302
FirstService Corp. 13,489 1,954,286
Total   6,365,588
Total Real Estate 6,365,588
Total Common Stocks
(Cost $209,421,608)
220,155,265
Limited Partnerships 0.3%
Consumer Discretionary 0.3%
Hotels, Restaurants & Leisure 0.3%
Cedar Fair LP(a) 13,740 752,952
Total Consumer Discretionary 752,952
Total Limited Partnerships
(Cost $359,665)
752,952
Securities Lending Collateral 0.7%
Dreyfus Government Cash Management Fund, Institutional Shares, 0.194%(f),(g) 1,592,000 1,592,000
Total Securities Lending Collateral
(Cost $1,592,000)
1,592,000
 
Columbia Acorn USA® | First Quarter Report 2022
9

Portfolio of Investments   (continued)
Columbia Acorn USA®, March 31, 2022 (Unaudited)
Money Market Funds 0.4%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.308%(f),(h) 789,975 789,659
Total Money Market Funds
(Cost $789,659)
789,659
Total Investments in Securities
(Cost: $212,162,932)
223,289,876
Obligation to Return Collateral for Securities Loaned   (1,592,000)
Other Assets & Liabilities, Net   (235,540)
Net Assets 221,462,336
Notes to Portfolio of Investments
(a) Non-income producing investment.
(b) All or a portion of this security was on loan at March 31, 2022. The total market value of securities on loan at March 31, 2022 was $1,556,180.
(c) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At March 31, 2022, the total value of these securities amounted to $603,536, which represents 0.27% of total net assets.
(d) 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 established by the Fund’s Board of Trustees. At March 31, 2022, the total market value of these securities amounted to $603,536, which represents 0.27% of total net assets. Additional information on these securities is as follows:
    
Security Acquisition
Dates
Shares Cost ($) Value ($)
DNA Script 10/01/2021 1,139 993,179 603,536
    
(e) Valuation based on significant unobservable inputs.
(f) The rate shown is the seven-day current annualized yield at March 31, 2022.
(g) Investment made with cash collateral received from securities lending activity.
(h) 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, 2022 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, 0.308%
  8,759,126 17,034,303 (25,003,772) 2 789,659 (241) 1,267 789,975
Abbreviation Legend
ADR American Depositary Receipt
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
10 Columbia Acorn USA® | First Quarter Report 2022

Portfolio of Investments
Columbia Acorn International SelectSM, March 31, 2022 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 98.3%
Issuer Shares Value ($)
Australia 2.5%
IDP Education Ltd. 390,359 9,135,997
Brazil 4.2%
TOTVS SA 2,023,405 15,537,683
Canada 1.9%
CCL Industries, Inc. 156,747 7,071,576
China 6.4%
NetEase, Inc., ADR 87,597 7,856,575
Shenzhou International Group Holdings Ltd. 647,000 8,541,708
Silergy Corp. 62,000 7,269,550
Total 23,667,833
Denmark 1.7%
SimCorp AS 84,242 6,177,511
Finland 2.0%
Valmet OYJ 241,094 7,483,185
Germany 4.0%
Nemetschek SE 153,582 14,749,072
Italy 4.7%
Amplifon SpA 212,945 9,477,090
Nexi SpA(a) 692,571 7,992,075
Total 17,469,165
Japan 13.2%
Daifuku Co., Ltd. 122,800 8,761,962
Hikari Tsushin, Inc. 74,600 8,480,986
Obic Co., Ltd. 52,400 7,848,311
Recruit Holdings Co., Ltd. 385,300 16,740,147
Sekisui Chemical Co., Ltd. 501,700 7,188,811
Total 49,020,217
Malta 0.0%
BGP Holdings PLC(a),(b),(c) 2,232,232 2
Netherlands 5.3%
IMCD NV 73,441 12,528,481
Koninklijke Philips NV 228,591 6,970,584
Total 19,499,065
Common Stocks (continued)
Issuer Shares Value ($)
New Zealand 2.7%
Fisher & Paykel Healthcare Corp., Ltd. 598,180 10,037,574
Singapore 2.1%
Mapletree Logistics Trust 5,886,100 7,998,760
South Korea 2.2%
Korea Investment Holdings Co., Ltd. 127,888 8,216,027
Sweden 10.1%
Hexagon AB, Class B 1,318,011 18,466,389
Sectra AB, Class B(a) 767,192 11,718,999
Sweco AB, Class B 502,344 7,303,407
Total 37,488,795
Switzerland 11.2%
Belimo Holding AG, Registered Shares 25,396 13,450,227
Lonza Group AG, Registered Shares 20,953 15,182,627
Partners Group Holding AG 10,305 12,759,678
Total 41,392,532
Taiwan 7.4%
Parade Technologies Ltd. 240,000 14,999,511
Voltronic Power Technology Corp. 246,852 12,457,511
Total 27,457,022
United Kingdom 16.7%
Dechra Pharmaceuticals PLC 278,865 14,805,531
Diploma PLC 237,345 8,148,241
Intermediate Capital Group PLC 461,769 10,720,927
Rentokil Initial PLC 2,131,311 14,681,493
Rightmove PLC 1,661,620 13,732,695
Total 62,088,887
Total Common Stocks
(Cost $304,923,217)
364,490,903
Columbia Acorn International SelectSM | First Quarter Report 2022
11

Portfolio of Investments   (continued)
Columbia Acorn International SelectSM, March 31, 2022 (Unaudited)
Money Market Funds 1.3%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.308%(d),(e) 4,925,931 4,923,961
Total Money Market Funds
(Cost $4,923,961)
4,923,961
Total Investments in Securities
(Cost $309,847,178)
369,414,864
Other Assets & Liabilities, Net   1,545,525
Net Assets $370,960,389
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, 2022, the total value of these securities amounted to $2, which represents less than 0.01% of total net assets.
(c) Valuation based on significant unobservable inputs.
(d) The rate shown is the seven-day current annualized yield at March 31, 2022.
(e) 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, 2022 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, 0.308%
  4,210,604 20,300,702 (19,587,345) 4,923,961 (462) 1,091 4,925,931
Abbreviation Legend
ADR American Depositary Receipt
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
12 Columbia Acorn International SelectSM | First Quarter Report 2022

Portfolio of Investments
Columbia Thermostat FundSM, March 31, 2022 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Equity Funds 8.8%
  Shares Value ($)
International 0.9%
Columbia Emerging Markets Fund, Institutional 3 Class(a) 1,198,845 16,963,657
U.S. Large Cap 5.9%
Columbia Contrarian Core Fund, Institutional 3 Class(a) 859,079 28,401,164
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class(a) 1,075,380 28,379,273
Columbia Large Cap Index Fund, Institutional 3 Class(a) 978,660 56,409,939
Total 113,190,376
U.S. Mid Cap 1.0%
Columbia Select Mid Cap Value Fund, Institutional 3 Class(a) 1,398,382 19,045,969
U.S. Small Mid Cap 1.0%
Columbia Acorn® Fund, Institutional 3 Class(a) 1,425,667 18,661,984
Total Equity Funds
(Cost $141,828,010)
167,861,986
Exchange-Traded Equity Funds 1.0%
U.S. Large Cap 1.0%
Columbia Research Enhanced Core ETF(a) 737,386 19,122,115
Total Exchange-Traded Equity Funds
(Cost $15,223,942)
19,122,115
Exchange-Traded Fixed Income Funds 9.1%
Multisector 9.1%
Columbia Diversified Fixed Income Allocation ETF(a) 8,832,230 172,140,163
Total Exchange-Traded Fixed Income Funds
(Cost $185,310,955)
172,140,163
Fixed Income Funds 81.0%
  Shares Value ($)
Investment Grade 81.0%
Columbia Corporate Income Fund, Institutional 3 Class(a) 17,674,741 173,212,465
Columbia Quality Income Fund, Institutional 3 Class(a) 16,491,185 339,223,674
Columbia Short Term Bond Fund, Institutional 3 Class(a) 26,530,877 258,145,430
Columbia Total Return Bond Fund, Institutional 3 Class(a) 4,992,398 172,087,962
Columbia U.S. Treasury Index Fund, Institutional 3 Class(a) 54,623,238 597,031,995
Total 1,539,701,526
Total Fixed Income Funds
(Cost $1,654,443,056)
1,539,701,526
Money Market Funds 0.2%
Columbia Short-Term Cash Fund, 0.308%(a),(b) 3,707,182 3,705,699
Total Money Market Funds
(Cost $3,705,699)
3,705,699
Total Investments in Securities
(Cost: $2,000,511,662)
1,902,531,489
Other Assets & Liabilities, Net   (1,105,102)
Net Assets 1,901,426,387
Columbia Thermostat FundSM | First Quarter Report 2022
13

Portfolio of Investments   (continued)
Columbia Thermostat FundSM, March 31, 2022 (Unaudited)
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 March 31, 2022 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 Acorn® Fund, Institutional 3 Class
  21,041,129 2,545,727 (1,648,823) (3,276,049) 18,661,984 (394,507) 1,425,667
Columbia Contrarian Core Fund, Institutional 3 Class
  31,401,672 (2,095,276) (905,232) 28,401,164 (14,862) 859,079
Columbia Corporate Income Fund, Institutional 3 Class
  186,858,848 4,537,238 (3,508,648) (14,674,973) 173,212,465 (318,232) 1,175,441 17,674,741
Columbia Diversified Fixed Income Allocation ETF
  186,759,029 2,884,588 (1,561,914) (15,941,540) 172,140,163 (74,083) 750,511 8,832,230
Columbia Emerging Markets Fund, Institutional 3 Class
  21,148,316 177,141 (609,155) (3,752,645) 16,963,657 (94,840) 1,198,845
Columbia Large Cap Enhanced Core Fund, Institutional 3 Class
  31,422,661 (1,993,677) (1,049,711) 28,379,273 (31,352) 1,075,380
Columbia Large Cap Index Fund, Institutional 3 Class
  62,412,872 1,348,561 (4,608,207) (2,743,287) 56,409,939 (147,654) 978,660
Columbia Quality Income Fund, Institutional 3 Class
  373,669,379 6,611,703 (17,595,502) (23,461,906) 339,223,674 (998,335) 1,770,286 16,491,185
Columbia Research Enhanced Core ETF
  18,034,082 2,563,843 (830,347) (645,463) 19,122,115 5,330 737,386
Columbia Select Mid Cap Value Fund, Institutional 3 Class
  21,178,767 39,359 (1,196,767) (975,390) 19,045,969 435,455 39,359 1,398,382
Columbia Short Term Bond Fund, Institutional 3 Class
  280,062,035 3,525,212 (17,953,502) (7,488,315) 258,145,430 (411,963) 1,074,599 26,530,877
Columbia Short-Term Cash Fund, 0.308%
  3,640,167 75,952,197 (75,886,665) 3,705,699 (2,094) 1,462 3,707,182
Columbia Total Return Bond Fund, Institutional 3 Class
  186,937,454 4,154,447 (5,257,918) (13,746,021) 172,087,962 (289,433) 1,241,766 4,992,398
Columbia U.S. Treasury Index Fund, Institutional 3 Class
  653,104,595 10,216,658 (30,559,862) (35,729,396) 597,031,995 (1,437,892) 1,916,668 54,623,238
Total 2,077,671,006     (124,389,928) 1,902,531,489 (3,774,462) 7,970,092  
    
(b) The rate shown is the seven-day current annualized yield at March 31, 2022.
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
14 Columbia Thermostat FundSM | First Quarter Report 2022

Portfolio of Investments
Columbia Acorn European FundSM, March 31, 2022 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 98.7%
Issuer Shares Value ($)
Austria 1.3%
S&T AG(a) 106,060 1,981,847
Denmark 4.5%
ALK-Abello A/S(b) 196,780 4,338,007
SimCorp AS 33,319 2,443,300
Total 6,781,307
Finland 1.8%
Valmet OYJ 88,132 2,735,481
France 1.5%
Robertet SA 2,227 2,170,448
Germany 11.9%
Eckert & Ziegler Strahlen- und Medizintechnik AG 32,492 2,071,769
Hypoport SE(b) 7,724 2,915,699
Jenoptik AG 119,382 3,591,829
Nemetschek SE 49,033 4,708,828
Secunet Security Networks AG 2,003 926,086
Washtec AG 68,619 3,629,147
Total 17,843,358
Greece 0.7%
JUMBO SA 72,460 1,079,600
Italy 10.9%
Amplifon SpA 116,831 5,199,549
Carel Industries SpA 160,269 4,090,995
GVS SpA 139,567 1,262,496
Intercos SpA(b) 127,066 1,751,450
Nexi SpA(b) 359,411 4,147,502
Total 16,451,992
Malta 1.0%
Kindred Group PLC 143,487 1,565,526
Netherlands 5.2%
Argenx SE(b) 4,948 1,548,087
BE Semiconductor Industries NV 18,890 1,610,247
IMCD NV 27,365 4,668,262
Total 7,826,596
Common Stocks (continued)
Issuer Shares Value ($)
Russian Federation —%
TCS Group Holding PLC GDR(b),(c),(d),(e) 17,858 0
Spain 3.0%
Befesa SA 27,953 2,196,934
Vidrala SA 32,875 2,306,782
Total 4,503,716
Sweden 17.2%
AddTech AB, B Shares 268,878 5,162,006
Dometic Group AB 298,540 2,568,954
Dustin Group AB 289,415 2,479,137
Hexagon AB, Class B 403,845 5,658,192
Munters Group AB 538,426 3,335,517
Sectra AB, Class B(b) 283,929 4,337,068
Sweco AB, Class B 159,700 2,321,823
Total 25,862,697
Switzerland 8.1%
Belimo Holding AG, Registered Shares 7,575 4,011,871
Inficon Holding AG 1,939 2,222,615
Kardex Energy AG 10,407 2,396,608
Montana Aerospace AG(b),(c) 64,935 1,142,227
Partners Group Holding AG 1,935 2,395,922
Total 12,169,243
United Kingdom 28.6%
Abcam PLC(b) 196,324 3,548,572
Auto Trader Group PLC 447,445 3,693,785
Dechra Pharmaceuticals PLC 102,126 5,422,085
Diploma PLC 133,251 4,574,612
Genus PLC 59,108 2,191,205
Halma PLC 66,871 2,187,826
Intermediate Capital Group PLC 212,728 4,938,923
Rentokil Initial PLC 678,256 4,672,153
Rightmove PLC 603,214 4,985,348
Safestore Holdings PLC 169,780 2,988,622
Spirax-Sarco Engineering PLC 23,430 3,830,355
Total 43,033,486
Columbia Acorn European FundSM | First Quarter Report 2022
15

Portfolio of Investments   (continued)
Columbia Acorn European FundSM, March 31, 2022 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
United States 3.0%
Inter Parfums, Inc. 51,626 4,545,669
Total Common Stocks
(Cost $118,477,927)
148,550,966
Securities Lending Collateral 0.6%
Dreyfus Government Cash Management Fund, Institutional Shares, 0.194%(f),(g) 879,673 879,673
Total Securities Lending Collateral
(Cost $879,673)
879,673
Money Market Funds 0.3%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.308%(f),(h) 433,820 433,647
Total Money Market Funds
(Cost $433,647)
433,647
Total Investments in Securities
(Cost $119,791,247)
149,864,286
Obligation to Return Collateral for Securities Loaned   (879,673)
Other Assets & Liabilities, Net   1,552,566
Net Assets $150,537,179
 
Notes to Portfolio of Investments
(a) All or a portion of this security was on loan at March 31, 2022. The total market value of securities on loan at March 31, 2022 was $836,760.
(b) Non-income producing investment.
(c) Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At March 31, 2022, the total value of these securities amounted to $1,142,227, which represents 0.76% of total net assets.
(d) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At March 31, 2022, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets.
(e) Valuation based on significant unobservable inputs.
(f) The rate shown is the seven-day current annualized yield at March 31, 2022.
(g) Investment made with cash collateral received from securities lending activity.
(h) 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, 2022 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, 0.308%
  2,948,499 38,254,355 (40,769,207) 433,647 (220) 1,069 433,820
Abbreviation Legend
GDR Global Depositary Receipt
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
16 Columbia Acorn European FundSM | First Quarter Report 2022

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You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.
1QT110_12_M01_(05/22)


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