Columbia Variable Portfolio - Cornerstone Equity Fund
Columbia Funds Variable Series Trust II
Fund classification
Classified from what the fund holds · as of 2026 Q2
Columbia Variable Portfolio - Cornerstone Equity Fund is an actively managed U.S. equity fund. 26% of Columbia Variable Portfolio - Cornerstone Equity Fund’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
Columbia Variable Portfolio Cornerstone Equity Fund (the Fund) seeks long-term capital appreciation.
The fund invests at least 80% of assets in equity securities of companies within the S&P 500 Index market capitalization range, typically holding 40 to 60 stocks selected from large-cap U.S. companies. It may also hold up to 20% in foreign securities, preferred stocks, convertible securities, and exchange-traded funds. Because the fund may continue to hold securities even after they fall outside the S&P 500 capitalization range, its holdings may diverge from the index composition.
| Share class | Expense ratio |
|---|---|
| C000196698 | 0.67% |
| C000196699 | 0.92% |
Portfolio turnover 44.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.22% |
| Cash & short-term | 0.75% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 35.6% |
| Financials | 11.8% |
| Health Care | 11.2% |
| Industrials | 8.9% |
| 8 smaller | 32.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CorpNVDA | 8.53% | $200.09 | $283.11M | 1.4M |
| AAPL | Apple IncAAPL | 5.80% | $289.36 | $192.53M | 665.4K |
| GOOG | Alphabet IncGOOG | 5.19% | $353.33 | $172.26M | 487.5K |
| MU | Micron Technology IncMU | 4.00% | $1,154.29 | $132.97M | 115.2K |
| MSFT | Microsoft CorpMSFT | 3.74% | $373.02 | $124.27M | 333.2K |
| AVGO | Broadcom IncAVGO | 3.71% | $377.75 | $123.21M | 326.2K |
| AMZN | Amazon.com IncAMZN | 3.14% | $238.34 | $104.31M | 437.6K |
| JPM | JPMorgan Chase & CoJPM | 3.01% | $327.33 | $99.95M | 305.4K |
| LRCX | Lam Research CorpLRCX | 2.88% | $433.33 | $95.49M | 220.4K |
| PANW | Palo Alto Networks IncPANW | 2.58% | $341.02 | $85.64M | 251.1K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 42.58% of net assets, top 25 69.90%, across 57 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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