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Form NPORT-P Columbia Funds Variable For: Mar 31

May 25, 2022 9:38 AM EDT

  
    NPORT-P
    false
    
      
      
        
          0001413032
          XXXXXXXX
        
      
      
      
      
        S000019840
        C000088757
        C000088758
        C000055677
      
      
      
    
  
  
    
      Columbia Funds Variable Series Trust II
      811-22127
      0001413032
      54930017CSZ4UCL7G406
      290 Congress Street
      Boston
      
      02110
      800-345-6611
      Columbia Variable Portfolio - Large Cap Growth Fund
      S000019840
      BC4XX6FJ82OMJPV66K87
      2022-12-31
      2022-03-31
      N
    
    
      2449797336.160000000000
      429056.050000000000
      2449368280.110000000000
      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
      0.000000000000
      N
      
        
          
          
          
        
        
        
        
      
      
      
      
      
    
    
      
        ADOBE INC
        FU4LY2G4933NH2E1CP29
        Adobe Inc
        00724F101
        
          
          
          
        
        111361.000000000000
        NS
        USD
        50738298.820000000000
        2.0714850940
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AGILENT TECH INC
        QUIX8Y7A2WP0XRMW7G29
        Agilent Technologies Inc
        00846U101
        
          
          
          
        
        216215.000000000000
        NS
        USD
        28611730.950000000000
        1.1681269486
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ALPHABET INC
        5493006MHB84DD0ZWV18
        Alphabet Inc
        02079K107
        
          
          
          
        
        39711.000000000000
        NS
        USD
        110912425.890000000000
        4.5282053659
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ALPHABET INC
        5493006MHB84DD0ZWV18
        Alphabet Inc
        02079K305
        
          
          
          
        
        28727.000000000000
        NS
        USD
        79899841.450000000000
        3.2620591235
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AMAZON.COM INC
        ZXTILKJKG63JELOEG630
        Amazon.com Inc
        023135106
        
          
          
          
        
        54939.000000000000
        NS
        USD
        179098393.050000000000
        7.3120238596
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AMETEK INC
        549300WZDEF9KKE40E98
        AMETEK Inc
        031100100
        
          
          
          
        
        215414.000000000000
        NS
        USD
        28688836.520000000000
        1.1712749264
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        APPLE INC
        HWUPKR0MPOU8FGXBT394
        Apple Inc
        037833100
        
          
          
          
        
        1328838.000000000000
        NS
        USD
        232028403.180000000000
        9.4729896302
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        APPLIED MAT INC
        41BNNE1AFPNAZELZ6K07
        Applied Materials Inc
        038222105
        
          
          
          
        
        309764.000000000000
        NS
        USD
        40826895.200000000000
        1.6668336702
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BILL.COM HOLDINGS INC
        549300IBF9VZZIGOZW63
        Bill.Com Holdings Inc
        090043100
        
          
          
          
        
        106982.000000000000
        NS
        USD
        24262447.780000000000
        0.9905594017
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BIOMARIN PHARMACEUTICAL INC.
        NSLL8ITTRR0J5HEMR848
        BioMarin Pharmaceutical Inc
        09061G101
        
          
          
          
        
        174192.000000000000
        NS
        USD
        13430203.200000000000
        0.5483129389
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BROADCOM INC
        549300WV6GIDOZJTV909
        Broadcom Inc
        11135F101
        
          
          
          
        
        91714.000000000000
        NS
        USD
        57750471.520000000000
        2.3577700417
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CINTAS CORP
        N/A
        Cintas Corp
        172908105
        
          
          
          
        
        85949.000000000000
        NS
        USD
        36561845.110000000000
        1.4927050949
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        COLUMBIA SHORT TERM CASH FUND
        N/A
        COLUMBIA SHORT TERM CASH FUND
        19766H239
        
          
        
        37228352.049000000000
        NS
        USD
        37213460.710000000000
        1.5193085096
        Long
        STIV
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CROWDSTRIKE HOLDINGS INC
        549300YBY08K9KM4HX32
        Crowdstrike Holdings Inc
        22788C105
        
          
          
          
        
        160115.000000000000
        NS
        USD
        36358914.200000000000
        1.4844200644
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DANAHER CORPORATION
        S4BKK9OTCEWQ3YHPFM11
        Danaher Corp
        235851102
        
          
          
          
        
        104096.000000000000
        NS
        USD
        30534479.680000000000
        1.2466267293
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ELECTRONIC ARTS INC
        549300O7A67PUEYKDL45
        Electronic Arts Inc
        285512109
        
          
          
          
        
        209110.000000000000
        NS
        USD
        26454506.100000000000
        1.0800542456
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        META PLATFORMS INC
        BQ4BKCS1HXDV9HN80Z93
        Facebook Inc
        30303M102
        
          
          
          
        
        365425.000000000000
        NS
        USD
        81255903.000000000000
        3.3174228498
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        HOME DEPOT INC
        QEKMOTMBBKA8I816DO57
        Home Depot Inc/The
        437076102
        
          
          
          
        
        202425.000000000000
        NS
        USD
        60591875.250000000000
        2.4737756156
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        INTUIT INC.
        VI90HBPH7XSFMB9E4M29
        Intuit Inc
        461202103
        
          
          
          
        
        86262.000000000000
        NS
        USD
        41478220.080000000000
        1.6934252157
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        IQVIA HOLDINGS INC
        549300W3R20NM4KQPH86
        IQVIA Holdings Inc
        46266C105
        
          
          
          
        
        129817.000000000000
        NS
        USD
        30014988.570000000000
        1.2254175419
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JOHNSON & JOHNSON
        549300G0CFPGEF6X2043
        Johnson & Johnson
        478160104
        
          
          
          
        
        178646.000000000000
        NS
        USD
        31661430.580000000000
        1.2926365887
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ELI LILLY AND COMPANY
        FRDRIPF3EKNDJ2CQJL29
        Eli Lilly & Co
        532457108
        
          
          
          
        
        182988.000000000000
        NS
        USD
        52402273.560000000000
        2.1394199470
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        LULULEMON ATHLETICA INC
        549300D9GZ4BMLDW5T40
        Lululemon Athletica Inc
        550021109
        
          
          
          
        
        94773.000000000000
        NS
        USD
        34613942.790000000000
        1.4131783722
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MASTEC INC.
        549300TMDIT8WREDOF45
        MasTec Inc
        576323109
        
          
          
          
        
        310116.000000000000
        NS
        USD
        27011103.600000000000
        1.1027783702
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MATCH GROUP INC
        15OMOPB0A8K0EFUVD031
        Match Group Inc
        57667L107
        
          
          
          
        
        266532.000000000000
        NS
        USD
        28982689.680000000000
        1.1832720263
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MICROSOFT CORP
        INR2EJN1ERAN0W5ZP974
        Microsoft Corp
        594918104
        
          
          
          
        
        696484.000000000000
        NS
        USD
        214732982.040000000000
        8.7668720047
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MICRON TECHNOLOGY INC
        B3DXGBC8GAIYWI2Z0172
        Micron Technology Inc
        595112103
        
          
          
          
        
        355344.000000000000
        NS
        USD
        27677744.160000000000
        1.1299952067
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NIKE INC
        787RXPR0UX0O0XUXPZ81
        NIKE Inc
        654106103
        
          
          
          
        
        337467.000000000000
        NS
        USD
        45409559.520000000000
        1.8539294351
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NVIDIA CORP
        549300S4KLFTLO7GSQ80
        NVIDIA Corp
        67066G104
        
          
          
          
        
        383045.000000000000
        NS
        USD
        104517658.700000000000
        4.2671271425
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PALO ALTO NETWORKS INC
        549300QXR2YVZV231H43
        Palo Alto Networks Inc
        697435105
        
          
          
          
        
        63527.000000000000
        NS
        USD
        39546192.770000000000
        1.6145466197
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PROCTER & GAMBLE CO
        2572IBTT8CCZW6AU4141
        Procter & Gamble Co/The
        742718109
        
          
          
          
        
        241825.000000000000
        NS
        USD
        36950860.000000000000
        1.5085873488
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        QUALCOMM INC
        H1J8DDZKZP6H7RWC0H53
        QUALCOMM Inc
        747525103
        
          
          
          
        
        297321.000000000000
        NS
        USD
        45436595.220000000000
        1.8550332177
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        S&P GLOBAL INC
        Y6X4K52KMJMZE7I7MY94
        S&P Global Inc
        78409V104
        
          
          
          
        
        91664.000000000000
        NS
        USD
        37598739.520000000000
        1.5350382311
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SERVICENOW INC
        549300HJTQM36M0E1G39
        ServiceNow Inc
        81762P102
        
          
          
          
        
        72094.000000000000
        NS
        USD
        40148427.660000000000
        1.6391339753
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BLOCK INC
        549300OHIIUWSTIZME52
        Square Inc
        852234103
        
          
          
          
        
        253835.000000000000
        NS
        USD
        34420026.000000000000
        1.4052613598
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        STRYKER CORP
        5493002F0SC4JTBU5137
        Stryker Corp
        863667101
        
          
          
          
        
        135230.000000000000
        NS
        USD
        36153740.500000000000
        1.4760434678
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TJX COMPANIES INC
        V167QI9I69W364E2DY52
        TJX Cos Inc/The
        872540109
        
          
          
          
        
        572447.000000000000
        NS
        USD
        34678839.260000000000
        1.4158278909
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TARGET CORPORATION
        8WDDFXB5T1Z6J0XC1L66
        Target Corp
        87612E106
        
          
          
          
        
        143812.000000000000
        NS
        USD
        30519782.640000000000
        1.2460266954
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TESLA INC
        54930043XZGB27CTOV49
        Tesla Inc
        88160R101
        
          
          
          
        
        80042.000000000000
        NS
        USD
        86253259.200000000000
        3.5214491794
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        UNION PACIFIC CORPORATION
        549300LMMRSZZCZ8CL11
        Union Pacific Corp
        907818108
        
          
          
          
        
        166932.000000000000
        NS
        USD
        45607491.720000000000
        1.8620103841
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        VERTEX PHARM INC
        54930015RAQRRZ5ZGJ91
        Vertex Pharmaceuticals Inc
        92532F100
        
          
          
          
        
        84150.000000000000
        NS
        USD
        21960625.500000000000
        0.8965832406
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        VISA INC
        549300JZ4OKEHW3DPJ59
        Visa Inc
        92826C839
        
          
          
          
        
        330033.000000000000
        NS
        USD
        73191418.410000000000
        2.9881753187
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Zebra Technologies Corp
        PO0I32GKZ3HZMMDPZZ08
        Zebra Technologies Corp
        989207105
        
          
          
          
        
        63611.000000000000
        NS
        USD
        26315870.700000000000
        1.0743941984
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        HORIZON THERAPEUTICS PLC
        529900P0GSQ79OOZEV53
        Horizon Therapeutics Plc
        G46188101
        
          
          
          
        
        126409.000000000000
        NS
        USD
        13299490.890000000000
        0.5429763665
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TRANE TECHNOLOGIES PLC
        549300BURLR9SLYY2705
        Trane Technologies PLC
        G8994E103
        
          
          
          
        
        199791.000000000000
        NS
        USD
        30508085.700000000000
        1.2455491462
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TE CONNECTIVITY LTD
        894500ZRIX9K13RHXR17
        TE Connectivity Ltd
        H84989104
        
          
          
          
        
        177315.000000000000
        NS
        USD
        23224718.700000000000
        0.9481921885
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2022-04-26
      Columbia Funds Variable Series Trust II
      Martha Skinner
      Martha Skinner
      Assistant Treasurer
    
  
  XXXX



Portfolio of Investments
Columbia Variable Portfolio – Large Cap Growth Fund, March 31, 2022 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 98.5%
Issuer Shares Value ($)
Communication Services 13.4%
Entertainment 1.1%
Electronic Arts, Inc. 209,110 26,454,506
Interactive Media & Services 12.3%
Alphabet, Inc., Class A(a) 28,727 79,899,841
Alphabet, Inc., Class C(a) 39,711 110,912,426
Match Group, Inc.(a) 266,532 28,982,690
Meta Platforms, Inc., Class A(a) 365,425 81,255,903
Total   301,050,860
Total Communication Services 327,505,366
Consumer Discretionary 19.3%
Automobiles 3.5%
Tesla Motors, Inc.(a) 80,042 86,253,259
Internet & Direct Marketing Retail 7.3%
Amazon.com, Inc.(a) 54,939 179,098,393
Multiline Retail 1.3%
Target Corp. 143,812 30,519,783
Specialty Retail 3.9%
Home Depot, Inc. (The) 202,425 60,591,875
TJX Companies, Inc. (The) 572,447 34,678,840
Total   95,270,715
Textiles, Apparel & Luxury Goods 3.3%
lululemon athletica, Inc.(a) 94,773 34,613,943
NIKE, Inc., Class B 337,467 45,409,559
Total   80,023,502
Total Consumer Discretionary 471,165,652
Consumer Staples 1.5%
Household Products 1.5%
Procter & Gamble Co. (The) 241,825 36,950,860
Total Consumer Staples 36,950,860
Financials 1.5%
Capital Markets 1.5%
S&P Global, Inc. 91,664 37,598,739
Total Financials 37,598,739
Common Stocks (continued)
Issuer Shares Value ($)
Health Care 10.5%
Biotechnology 2.0%
BioMarin Pharmaceutical, Inc.(a) 174,192 13,430,203
Horizon Therapeutics PLC(a) 126,409 13,299,491
Vertex Pharmaceuticals, Inc.(a) 84,150 21,960,626
Total   48,690,320
Health Care Equipment & Supplies 1.5%
Stryker Corp. 135,230 36,153,740
Life Sciences Tools & Services 3.6%
Agilent Technologies, Inc. 216,215 28,611,731
Danaher Corp. 104,096 30,534,480
IQVIA Holdings, Inc.(a) 129,817 30,014,988
Total   89,161,199
Pharmaceuticals 3.4%
Eli Lilly & Co. 182,988 52,402,273
Johnson & Johnson 178,646 31,661,431
Total   84,063,704
Total Health Care 258,068,963
Industrials 6.9%
Building Products 1.2%
Trane Technologies PLC 199,791 30,508,086
Commercial Services & Supplies 1.5%
Cintas Corp. 85,949 36,561,845
Construction & Engineering 1.1%
MasTec, Inc.(a) 310,116 27,011,104
Electrical Equipment 1.2%
AMETEK, Inc. 215,414 28,688,836
Road & Rail 1.9%
Union Pacific Corp. 166,932 45,607,492
Total Industrials 168,377,363
Information Technology 45.4%
Electronic Equipment, Instruments & Components 2.0%
TE Connectivity Ltd. 177,315 23,224,719
Zebra Technologies Corp., Class A(a) 63,611 26,315,870
Total   49,540,589
Columbia Variable Portfolio – Large Cap Growth Fund  | First Quarter Report 2022
1

Portfolio of Investments   (continued)
Columbia Variable Portfolio – Large Cap Growth Fund, March 31, 2022 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
IT Services 4.4%
Block, Inc., Class A(a) 253,835 34,420,026
Visa, Inc., Class A 330,033 73,191,419
Total   107,611,445
Semiconductors & Semiconductor Equipment 11.3%
Applied Materials, Inc. 309,764 40,826,895
Broadcom, Inc. 91,714 57,750,472
Micron Technology, Inc. 355,344 27,677,744
NVIDIA Corp. 383,045 104,517,659
QUALCOMM, Inc. 297,321 45,436,595
Total   276,209,365
Software 18.2%
Adobe, Inc.(a) 111,361 50,738,299
Bill.com Holdings, Inc.(a) 106,982 24,262,448
Crowdstrike Holdings, Inc., Class A(a) 160,115 36,358,914
Intuit, Inc. 86,262 41,478,220
Microsoft Corp. 696,484 214,732,982
Common Stocks (continued)
Issuer Shares Value ($)
Palo Alto Networks, Inc.(a) 63,527 39,546,193
ServiceNow, Inc.(a) 72,094 40,148,427
Total   447,265,483
Technology Hardware, Storage & Peripherals 9.5%
Apple, Inc. 1,328,838 232,028,403
Total Information Technology 1,112,655,285
Total Common Stocks
(Cost $1,469,472,757)
2,412,322,228
Money Market Funds 1.5%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.308%(b),(c) 37,228,352 37,213,461
Total Money Market Funds
(Cost $37,213,461)
37,213,461
Total Investments in Securities
(Cost: $1,506,686,218)
2,449,535,689
Other Assets & Liabilities, Net   (495,199)
Net Assets 2,449,040,490
 
Notes to Portfolio of Investments
(a) Non-income producing investment.
(b) The rate shown is the seven-day current annualized yield at March 31, 2022.
(c) 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%
  11,791,414 81,256,485 (55,834,438) 37,213,461 (4,114) 11,129 37,228,352
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
2 Columbia Variable Portfolio – Large Cap Growth Fund  | 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.
1QT7013_12_A01_(05/22)


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