Columbia Variable Portfolio - Cornerstone Growth Fund

Columbia Funds Variable Series Trust II

Actively managed U.S. equity fund
$2.80B NAV
55 positions · as of 2026-06-30 · filed 2026-08-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

Columbia Variable Portfolio - Cornerstone Growth Fund is an actively managed U.S. equity fund. 47% of Columbia Variable Portfolio - Cornerstone Growth 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 96% 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 Growth Fund (the Fund) seeks to provide shareholders with long-term capital growth.

Strategy · summarised

The fund invests at least 80% of assets in large-capitalization equity securities from the Russell 1000 Growth Index, selecting companies the manager believes have sustainable competitive advantages and above-average revenue and earnings growth potential. Growth qualification is determined by membership in the Russell 3000 Growth Index, or by having either a higher two-year earnings growth forecast or five-year sales growth rate than the median stock in the company's sector. The fund may hold up to 25% of assets in foreign securities and may emphasize particular sectors, including information technology.

Expenses
0.71% 0.96%across 3 share classes
Share classExpense ratio
C0000556770.84%
C0000887570.71%
C0000887580.96%

Portfolio turnover 43.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.01%
of net assets
Stocks99.53%
Cash & short-term0.49%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology49.2%
Communication Services10.6%
Industrials10.0%
Consumer Discretionary9.3%
6 smaller20.9%

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

Revenue growth
47%of stock holdings in top-quartile growers
covering 96% of the fund’s equity
Earnings growth
43%of stock holdings in top-quartile growers
covering 84% of the fund’s equity

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

2026Q2 vs 2026Q1: 12 new3 exited

Largest new: WDC, MTZ, BE, AMAT, GNRC, SNOW, GH, APH

Exited: NFLX, GAP, TE Connectivity PLC

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+29.54%
3-year
+93.00%
5-year
+75.23%
Volatility
17.72%
Worst 3-yr fall
-12.73%
Cumulative return· Jul 2023 – 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

Issuer%NAVValue
NVIDIA CorpNVDA13.30%$372.02M
Apple IncAAPL7.63%$213.44M
Alphabet IncGOOGL5.60%$156.70M
Broadcom IncAVGO5.24%$146.55M
Microsoft CorpMSFT4.78%$133.65M
Eli Lilly & CoLLY3.98%$111.37M
Meta Platforms IncMETA3.60%$100.71M
Advanced Micro Devices IncAMD2.98%$83.28M
Palo Alto Networks IncPANW2.70%$75.40M
Visa IncV2.69%$75.25M
Showing 10 of 55Sign in to see more

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 52.50% of net assets, top 25 77.00%, across 54 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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