Columbia Variable Portfolio - Disciplined Core Fund

Columbia Funds Variable Series Trust II

Actively managed U.S. equity fund
$3.80B NAV
78 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 - Disciplined Core Fund is an actively managed U.S. equity fund. 20% of Columbia Variable Portfolio - Disciplined Core 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 99% 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 Disciplined Core Fund (the Fund) seeks to provide shareholders with capital appreciation.

Strategy · summarised

The fund invests at least 80% of assets in large-cap equities—companies with market capitalizations above $5 billion or within the S&P 500 range—using quantitative and fundamental research to identify mispriced stocks through multi-factor models. Because the fund's security selections depend on the success of those models, performance will diverge from the broader market if the models' picks underperform.

Expenses
0.68% 0.93%across 3 share classes
Share classExpense ratio
C0000556810.81%
C0000887650.68%
C0000887660.93%

Portfolio turnover 51.00% · as of 2026 Q2

Allocation

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

99.94%
of net assets
Stocks98.07%
Cash & short-term1.85%
Derivatives0.03%

Derivatives are shown at market value, not notional exposure.

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 Technology37.6%
Financials11.4%
Communication Services9.7%
Consumer Discretionary8.8%
10 smaller32.5%

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

Revenue growth
20%of stock holdings in top-quartile growers
covering 99% of the fund’s equity
Earnings growth
29%of stock holdings in top-quartile growers
covering 90% 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: 8 new15 exited

New: FTNT, CMI, LVS, SNDK, AMD, DHI, AOS, Chicago Mercantile Exchange

Largest exited: BKNG, MCK, DAL, CRM, QCOM, SBAC, TE Connectivity PLC, REGN

Return profile

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

1-year
+28.90%
3-year
+70.80%
5-year
+75.18%
Volatility
12.30%
Worst 3-yr fall
-10.53%
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 CorpNVDA9.18%$348.99M
Apple IncAAPL7.79%$296.05M
Alphabet IncGOOGL6.75%$256.68M
Microsoft CorpMSFT4.04%$153.48M
Meta Platforms IncMETA2.95%$112.10M
Amazon.com IncAMZN2.34%$89.05M
Micron Technology IncMU2.10%$79.70M
Altria Group IncMO1.98%$75.27M
Arista Networks IncANET1.90%$72.21M
COLUMBIA SHORT TERM CASH FUND1.85%$70.17M
Showing 10 of 78Sign 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 40.87% of net assets, top 25 64.65%, across 78 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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