Variable Portfolio - Partners Small Cap Growth Fund
Columbia Funds Variable Series Trust II
Expense ratio
Net assets1
$332.70M
Holdings1
165
Category
US Equity
Return

Investment objective & strategy

As of April 28, 2025 · prospectus

Objective. Variable Portfolio Partners Small Cap Growth Fund (the Fund) seeks to provide shareholders with long-term capital growth.

Strategy. Under normal circumstances, at least 80% of the Funds net assets (including the amount of any borrowings for investment purposes) are invested in the equity securities of small-capitalization companies. Small-capitalization companies are defined as those companies with a market capitalization, at the time of purchase, of up to $2.5 billion, or that fall within the range of the Russell 2000 Growth Index (the Index). The market capitalization range of the companies included within the Index was $ 5.2 million to $ 15 billion as of March 31, 2025 . The market capitalization range and composition of companies in the Index are subject to change. The Fund may at times emphasize one or more sectors in selecting its investments, including the … Under normal circumstances, at least 80% of the Funds net assets (including the amount of any borrowings for investment purposes) are invested in the equity securities of small-capitalization companies. Small-capitalization companies are defined as those companies with a market capitalization, at the time of purchase, of up to $2.5 billion, or that fall within the range of the Russell 2000 Growth Index (the Index). The market capitalization range of the companies included within the Index was $ 5.2 million to $ 15 billion as of March 31, 2025 . The market capitalization range and composition of companies in the Index are subject to change. The Fund may at times emphasize one or more sectors in selecting its investments, including the health care, industrials and information technology sectors. Multiple subadvisers provide the day-to-day management of the Funds portfolio.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
COLUMBIA SHORT TERM CASH FUND $6.86M 2.06%
LATTICE SEMICONDUCTOR CORP $6.13M 1.84%
GUARDANT HEALTH INC $5.36M 1.61%
ONTO INNOVATION INC $5.36M 1.61%
STERLING INFRASTRUCTURE INC $5.11M 1.54%
NEXTRACKER INC CL A $5.04M 1.52%
PROTAGONIST THERAPEUTICS INC $4.76M 1.43%
MADRIGAL PHARMACEUTICALS INC $4.68M 1.41%
CASELLA WASTE SYS INC CL A $4.65M 1.40%
RADNET INC $4.61M 1.39%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
29
Exited
26
Increased
33
Decreased
102
Unchanged
1

How 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.

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Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
SBH SMALL CAP GROWTH FUND · WTSGX, WISGX 59% 0.87%
Small-Cap Growth Portfolio 59% 0.64%
Goldman Sachs Small Cap Growth Fund · GSBDX, GSBAX, GSAJX, GSAHX, GSBEX, GSADX 56% 0.90%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
Columbia Management Investment Advisers, LLC Adviser
Goldman Sachs Asset Management, L.P. Sub-adviser
SEGALL BRYANT AND HAMILL LLC Sub-adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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