Investment objective & strategy
As of April 28, 2025 · prospectusObjective. Columbia Variable Portfolio Select Mid Cap Growth Fund (the Fund) seeks to provide shareholders with growth of capital.
Strategy. Under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) at the time of purchase in the common stocks of mid-capitalization companies. For these purposes, mid-cap companies are considered to be companies whose market capitalization falls within the market capitalization range of the companies that comprise the Russell Midcap Index (the Index) at the time of purchase (between $ 272.6 million and $ 189.8 billion as of March 31, 2025 ). The market capitalization range and composition of companies in the Index are subject to change. The Fund invests typically in common stocks of companies believed to have the potential for long-term, above-average earnings growth but … Under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) at the time of purchase in the common stocks of mid-capitalization companies. For these purposes, mid-cap companies are considered to be companies whose market capitalization falls within the market capitalization range of the companies that comprise the Russell Midcap Index (the Index) at the time of purchase (between $ 272.6 million and $ 189.8 billion as of March 31, 2025 ). The market capitalization range and composition of companies in the Index are subject to change. The Fund invests typically in common stocks of companies believed to have the potential for long-term, above-average earnings growth but may invest in companies for their short, medium or long-term prospects. The Fund may at times emphasize one or more sectors in selecting its investments, including the industrials and information technology sectors. The Fund may invest up to 20% of its total assets in foreign securities. The Fund may invest directly in foreign securities or indirectly through depositary receipts. The Fund may invest in special situations, such as companies involved in initial public offerings, tender offers, mergers and other corporate restructurings, and in companies involved in management changes or companies developing new technologies. The Fund typically employs a focused portfolio investing style, which results in fewer holdings than a fund that seeks to achieve its investment objective by investing in a greater number of issuers. The Funds investment strategy may involve the frequent trading of portfolio securities.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| VERTIV HOLDINGS CO | — | $21.98M | 4.92% |
| HOWMET AEROSPACE INC | — | $14.93M | 3.34% |
| CLOUDFLARE INC-A | — | $13.87M | 3.10% |
| TAKE-TWO INTERACTV SOFTWR INC | — | $13.17M | 2.95% |
| CARDINAL HEALTH INC | — | $11.48M | 2.57% |
| CASEY'S GENERAL | — | $11.18M | 2.50% |
| COMFORT SYSTEMS USA INC | — | $10.88M | 2.43% |
| TAPESTRY INC | — | $9.79M | 2.19% |
| TARGA RESOURCES CORP | — | $9.78M | 2.19% |
| CARPENTER TECHNOLOGY CORP | — | $9.27M | 2.07% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Columbia Select Mid Cap Growth Fund · CBSAX, CMCCX, CLSPX, CMGYX, CMGVX, CLSDX | 88% | 0.78% |
| Growth Opportunities Portfolio | 48% | 1.13% |
| Lord Abbett Growth Opportunities Fund · LMGAX, LMGCX, LGOPX, LMGYX, LGOFX, LGOQX, LGORX, LGOSX, LGOTX, LGOVX, LOMGX | 46% | 0.62% |
Advisers
| Firm | Role |
|---|---|
| Columbia Management Investment Advisers, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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