Columbia Variable Portfolio - Select Large Cap Value Fund

Columbia Funds Variable Series Trust II

Actively managed U.S. equity fund
$2.47B NAV
41 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 - Select Large Cap Value Fund is an actively managed U.S. equity fund. 3% of Columbia Variable Portfolio - Select Large Cap Value 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 93% 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 Select Large Cap Value Fund (the Fund) seeks to provide shareholders with long-term growth of capital.

Strategy · summarised

The fund invests at least 80% of assets in large-capitalization U.S. equity securities of value companies, identified either as constituents of the Russell 3000 Value Index or by screening for higher book-to-price or EBITDA-to-enterprise-value ratios, or lower price-to-earnings ratios, relative to sector medians. The fund typically holds between 30 and 40 securities and may concentrate holdings in particular sectors, including financials. Because the fund may hold a small number of securities, performance depends materially on the success of individual holdings.

Expenses
0.69% 0.94%across 3 share classes
Share classExpense ratio
C0000556820.82%
C0000887670.69%
C0000887680.94%

Portfolio turnover 31.00% · as of 2026 Q2

Allocation

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

99.92%
of net assets
Stocks98.77%
Cash & short-term1.16%

Sector allocation

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

100%
of net assets
Financials18.5%
Information Technology17.8%
Industrials12.8%
Health Care12.5%
9 smaller38.5%

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
3%of stock holdings in top-quartile growers
covering 93% of the fund’s equity
Earnings growth
10%of stock holdings in top-quartile growers
covering 81% 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: 4 new2 exited

New: MU, Norwegian Cruise Line Holdings Ltd, AMZN, GPN

Exited: AES, MET

Return profile

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

1-year
+40.05%
3-year
+68.05%
5-year
+71.88%
Volatility
12.35%
Worst 3-yr fall
-10.33%
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
Micron Technology IncMU3.47%$85.60M
Constellation Brands IncSTZ3.36%$82.78M
Salesforce IncCRM3.15%$77.73M
CVS Health CorpCVS3.15%$77.55M
PG&E CorpPCG2.94%$72.49M
Corning IncGLW2.93%$72.14M
Lowe's Cos IncLOW2.92%$71.98M
Freeport-McMoRan IncFCX2.84%$70.12M
Morgan StanleyMS2.84%$70.08M
The Boeing CoBA2.80%$68.96M
Showing 10 of 41Sign 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 30.40% of net assets, top 25 69.06%, across 41 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.

Sign in free