# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298507
**Filing Date:** 2025-11
**Character Count:** 42427
**Document Hash:** ed90b9264e25851c20d6457e36ba56c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298507.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298507

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable Series Trust II
- **CENTRAL INDEX KEY:** 0001413032

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22127
- **FILM NUMBER:** 251524081

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RiverSource Variable Series Trust
- **DATE OF NAME CHANGE:** 20070920

## Series and Classes Contracts Data

### CTIVP - Wellington Large Cap Value Fund (Series ID: S000028692)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000087802 | CTIVP - Wellington Large Cap Value Fund Class 1 |  |
| C000087803 | CTIVP - Wellington Large Cap Value Fund Class 2 |  |

## Nport-Ex

![](img5392b8cd1.jpg)

CTIVP<sup>®</sup> – Wellington Large Cap Value Fund

**Third Quarter Report**

September 30, 2025 (Unaudited)

Please remember that you may not buy (nor will you own) shares of the Fund directly. The Fund is available through variable annuity contracts and variable life insurance policies offered by the separate accounts of participating insurance companies as well as qualified pension and retirement plans. Please contact your financial advisor or insurance representative for more information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

Portfolio of Investments

CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, September 30, 2025 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stocks 97.3%** | **Common Stocks 97.3%** | **Common Stocks 97.3%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 7.9%** | **Communication Services 7.9%** | **Communication Services 7.9%** |
| **Entertainment 1.0%** | **Entertainment 1.0%** | **Entertainment 1.0%** |
| Walt Disney Co. (The) | &nbsp;&nbsp; 96938 | &nbsp;&nbsp; 11099401 |
| **Interactive Media & Services 5.3%** | **Interactive Media & Services 5.3%** | **Interactive Media & Services 5.3%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 227145 | &nbsp;&nbsp; 55218949 |
| **Media 1.6%** | **Media 1.6%** | **Media 1.6%** |
| Omnicom Group, Inc. | &nbsp;&nbsp; 202396 | &nbsp;&nbsp; 16501346 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **82819696** |
| **Consumer Discretionary 4.4%** | **Consumer Discretionary 4.4%** | **Consumer Discretionary 4.4%** |
| **Hotels, Restaurants & Leisure 1.6%** | **Hotels, Restaurants & Leisure 1.6%** | **Hotels, Restaurants & Leisure 1.6%** |
| Expedia Group, Inc. | &nbsp;&nbsp; 76624 | &nbsp;&nbsp; 16378380 |
| **Specialty Retail 2.8%** | **Specialty Retail 2.8%** | **Specialty Retail 2.8%** |
| Lowe's Companies, Inc. | &nbsp;&nbsp; 87778 | &nbsp;&nbsp; 22059489 |
| TJX Companies, Inc. (The) | &nbsp;&nbsp; 49561 | &nbsp;&nbsp; 7163547 |
| Total |  | &nbsp;&nbsp; 29223036 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **45601416** |
| **Consumer Staples 6.8%** | **Consumer Staples 6.8%** | **Consumer Staples 6.8%** |
| **Consumer Staples Distribution & Retail 1.5%** | **Consumer Staples Distribution & Retail 1.5%** | **Consumer Staples Distribution & Retail 1.5%** |
| Sysco Corp. | &nbsp;&nbsp; 194635 | &nbsp;&nbsp; 16026246 |
| **Personal Care Products 2.9%** | **Personal Care Products 2.9%** | **Personal Care Products 2.9%** |
| Haleon PLC | &nbsp;&nbsp; 1221774 | &nbsp;&nbsp; 5498205 |
| Haleon PLC, ADR | &nbsp;&nbsp; 327284 | &nbsp;&nbsp; 2935738 |
| Unilever PLC, ADR | &nbsp;&nbsp; 358522 | &nbsp;&nbsp; 21253184 |
| Total |  | &nbsp;&nbsp; 29687127 |
| **Tobacco 2.4%** | **Tobacco 2.4%** | **Tobacco 2.4%** |
| Philip Morris International, Inc. | &nbsp;&nbsp; 153241 | &nbsp;&nbsp; 24855690 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **70569063** |
| **Energy 6.3%** | **Energy 6.3%** | **Energy 6.3%** |
| **Oil, Gas & Consumable Fuels 6.3%** | **Oil, Gas & Consumable Fuels 6.3%** | **Oil, Gas & Consumable Fuels 6.3%** |
| ConocoPhillips Co. | &nbsp;&nbsp; 137427 | &nbsp;&nbsp; 12999220 |
| Coterra Energy, Inc. | &nbsp;&nbsp; 592831 | &nbsp;&nbsp; 14020453 |
| EQT Corp. | &nbsp;&nbsp; 193746 | &nbsp;&nbsp; 10545595 |
| TotalEnergies SE, ADR | &nbsp;&nbsp; 128468 | &nbsp;&nbsp; 7668255 |
| Williams Companies, Inc. (The) | &nbsp;&nbsp; 320110 | &nbsp;&nbsp; 20278968 |
| Total |  | &nbsp;&nbsp; 65512491 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **65512491** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financials 19.2%** | **Financials 19.2%** | **Financials 19.2%** |
| **Banks 7.4%** | **Banks 7.4%** | **Banks 7.4%** |
| Bank of America Corp. | &nbsp;&nbsp; 517232 | &nbsp;&nbsp; 26683999 |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 34256 | &nbsp;&nbsp; 10805370 |
| Truist Financial Corp. | &nbsp;&nbsp; 344324 | &nbsp;&nbsp; 15742493 |
| Wells Fargo & Co. | &nbsp;&nbsp; 285164 | &nbsp;&nbsp; 23902447 |
| Total |  | &nbsp;&nbsp; 77134309 |
| **Capital Markets 6.8%** | **Capital Markets 6.8%** | **Capital Markets 6.8%** |
| Blackrock, Inc. | &nbsp;&nbsp; 17703 | &nbsp;&nbsp; 20639397 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp; 114276 | &nbsp;&nbsp; 19253220 |
| Morgan Stanley | &nbsp;&nbsp; 106676 | &nbsp;&nbsp; 16957217 |
| S&P Global, Inc. | &nbsp;&nbsp; 29334 | &nbsp;&nbsp; 14277151 |
| Total |  | &nbsp;&nbsp; 71126985 |
| **Consumer Finance 0.9%** | **Consumer Finance 0.9%** | **Consumer Finance 0.9%** |
| American Express Co. | &nbsp;&nbsp; 30248 | &nbsp;&nbsp; 10047176 |
| **Financial Services 1.5%** | **Financial Services 1.5%** | **Financial Services 1.5%** |
| Visa, Inc., Class A | &nbsp;&nbsp; 45087 | &nbsp;&nbsp; 15391800 |
| **Insurance 2.6%** | **Insurance 2.6%** | **Insurance 2.6%** |
| American International Group, Inc. | &nbsp;&nbsp; 183893 | &nbsp;&nbsp; 14442956 |
| Marsh & McLennan Companies, Inc. | &nbsp;&nbsp; 64452 | &nbsp;&nbsp; 12989012 |
| Total |  | &nbsp;&nbsp; 27431968 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **201132238** |
| **Health Care 11.5%** | **Health Care 11.5%** | **Health Care 11.5%** |
| **Biotechnology 1.2%** | **Biotechnology 1.2%** | **Biotechnology 1.2%** |
| Gilead Sciences, Inc. | &nbsp;&nbsp; 115166 | &nbsp;&nbsp; 12783426 |
| **Health Care Providers & Services 4.5%** | **Health Care Providers & Services 4.5%** | **Health Care Providers & Services 4.5%** |
| Elevance Health, Inc. | &nbsp;&nbsp; 38139 | &nbsp;&nbsp; 12323474 |
| HCA Healthcare, Inc. | &nbsp;&nbsp; 33211 | &nbsp;&nbsp; 14154528 |
| Labcorp Holdings, Inc. | &nbsp;&nbsp; 31061 | &nbsp;&nbsp; 8916370 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp; 32163 | &nbsp;&nbsp; 11105884 |
| Total |  | &nbsp;&nbsp; 46500256 |
| **Life Sciences Tools & Services 0.8%** | **Life Sciences Tools & Services 0.8%** | **Life Sciences Tools & Services 0.8%** |
| Agilent Technologies, Inc. | &nbsp;&nbsp; 68276 | &nbsp;&nbsp; 8763225 |

---

CTIVP<sup>®</sup> – Wellington Large Cap Value Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Pharmaceuticals 5.0%** | **Pharmaceuticals 5.0%** | **Pharmaceuticals 5.0%** |
| AstraZeneca PLC, ADR | &nbsp;&nbsp; 181731 | &nbsp;&nbsp; 13942402 |
| Merck & Co., Inc. | &nbsp;&nbsp; 198092 | &nbsp;&nbsp; 16625862 |
| Novartis AG, ADR | &nbsp;&nbsp; 50647 | &nbsp;&nbsp; 6494971 |
| Pfizer, Inc. | &nbsp;&nbsp; 600800 | &nbsp;&nbsp; 15308384 |
| Total |  | &nbsp;&nbsp; 52371619 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **120418526** |
| **Industrials 12.7%** | **Industrials 12.7%** | **Industrials 12.7%** |
| **Aerospace & Defense 4.9%** | **Aerospace & Defense 4.9%** | **Aerospace & Defense 4.9%** |
| Airbus Group SE | &nbsp;&nbsp; 72753 | &nbsp;&nbsp; 16989716 |
| General Dynamics Corp. | &nbsp;&nbsp; 32488 | &nbsp;&nbsp; 11078408 |
| Lockheed Martin Corp. | &nbsp;&nbsp; 46687 | &nbsp;&nbsp; 23306618 |
| Total |  | &nbsp;&nbsp; 51374742 |
| **Building Products 0.7%** | **Building Products 0.7%** | **Building Products 0.7%** |
| Masco Corp. | &nbsp;&nbsp; 107243 | &nbsp;&nbsp; 7548835 |
| **Electrical Equipment 2.4%** | **Electrical Equipment 2.4%** | **Electrical Equipment 2.4%** |
| Hubbell, Inc. | &nbsp;&nbsp; 35277 | &nbsp;&nbsp; 15180046 |
| Vertiv Holdings Co. | &nbsp;&nbsp; 64033 | &nbsp;&nbsp; 9660018 |
| Total |  | &nbsp;&nbsp; 24840064 |
| **Ground Transportation 0.5%** | **Ground Transportation 0.5%** | **Ground Transportation 0.5%** |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp; 43028 | &nbsp;&nbsp; 5773067 |
| **Machinery 3.1%** | **Machinery 3.1%** | **Machinery 3.1%** |
| Otis Worldwide Corp. | &nbsp;&nbsp; 146212 | &nbsp;&nbsp; 13368163 |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp; 93294 | &nbsp;&nbsp; 18702648 |
| Total |  | &nbsp;&nbsp; 32070811 |
| **Passenger Airlines 1.1%** | **Passenger Airlines 1.1%** | **Passenger Airlines 1.1%** |
| Delta Air Lines, Inc. | &nbsp;&nbsp; 196963 | &nbsp;&nbsp; 11177650 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **132785169** |
| **Information Technology 18.7%** | **Information Technology 18.7%** | **Information Technology 18.7%** |
| **Communications Equipment 2.5%** | **Communications Equipment 2.5%** | **Communications Equipment 2.5%** |
| Cisco Systems, Inc. | &nbsp;&nbsp; 376194 | &nbsp;&nbsp; 25739194 |
| **IT Services 1.2%** | **IT Services 1.2%** | **IT Services 1.2%** |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp; 184278 | &nbsp;&nbsp; 12359526 |
| **Semiconductors & Semiconductor Equipment 7.9%** | **Semiconductors & Semiconductor Equipment 7.9%** | **Semiconductors & Semiconductor Equipment 7.9%** |
| Broadcom, Inc. | &nbsp;&nbsp; 26533 | &nbsp;&nbsp; 8753502 |
| Micron Technology, Inc. | &nbsp;&nbsp; 109658 | &nbsp;&nbsp; 18347976 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| NXP Semiconductors NV | &nbsp;&nbsp; 113248 | &nbsp;&nbsp; 25789967 |
| QUALCOMM, Inc. | &nbsp;&nbsp; 177160 | &nbsp;&nbsp; 29472338 |
| Total |  | &nbsp;&nbsp; 82363783 |
| **Software 4.7%** | **Software 4.7%** | **Software 4.7%** |
| Microsoft Corp. | &nbsp;&nbsp; 78079 | &nbsp;&nbsp; 40441018 |
| Roper Technologies, Inc. | &nbsp;&nbsp; 18406 | &nbsp;&nbsp; 9178888 |
| Total |  | &nbsp;&nbsp; 49619906 |
| **Technology Hardware, Storage & Peripherals 2.4%** | **Technology Hardware, Storage & Peripherals 2.4%** | **Technology Hardware, Storage & Peripherals 2.4%** |
| Apple, Inc. | &nbsp;&nbsp; 33304 | &nbsp;&nbsp; 8480197 |
| Dell Technologies, Inc. | &nbsp;&nbsp; 116205 | &nbsp;&nbsp; 16474383 |
| Total |  | &nbsp;&nbsp; 24954580 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **195036989** |
| **Materials 2.0%** | **Materials 2.0%** | **Materials 2.0%** |
| **Containers & Packaging 1.1%** | **Containers & Packaging 1.1%** | **Containers & Packaging 1.1%** |
| Amcor PLC | &nbsp;&nbsp; 1452974 | &nbsp;&nbsp; 11885327 |
| **Metals & Mining 0.9%** | **Metals & Mining 0.9%** | **Metals & Mining 0.9%** |
| BHP Group Ltd., ADR | &nbsp;&nbsp; 168432 | &nbsp;&nbsp; 9390084 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **21275411** |
| **Real Estate 3.1%** | **Real Estate 3.1%** | **Real Estate 3.1%** |
| **Health Care REITs 1.8%** | **Health Care REITs 1.8%** | **Health Care REITs 1.8%** |
| Welltower, Inc. | &nbsp;&nbsp; 103055 | &nbsp;&nbsp; 18358218 |
| **Residential REITs 0.6%** | **Residential REITs 0.6%** | **Residential REITs 0.6%** |
| AvalonBay Communities, Inc. | &nbsp;&nbsp; 34842 | &nbsp;&nbsp; 6730429 |
| **Specialized REITs 0.7%** | **Specialized REITs 0.7%** | **Specialized REITs 0.7%** |
| Public Storage | &nbsp;&nbsp; 26421 | &nbsp;&nbsp; 7631706 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **32720353** |
| **Utilities 4.7%** | **Utilities 4.7%** | **Utilities 4.7%** |
| **Electric Utilities 3.0%** | **Electric Utilities 3.0%** | **Electric Utilities 3.0%** |
| Duke Energy Corp. | &nbsp;&nbsp; 113169 | &nbsp;&nbsp; 14004663 |
| Exelon Corp. | &nbsp;&nbsp; 374380 | &nbsp;&nbsp; 16850844 |
| Total |  | &nbsp;&nbsp; 30855507 |
| **Multi-Utilities 1.7%** | **Multi-Utilities 1.7%** | **Multi-Utilities 1.7%** |
| Sempra | &nbsp;&nbsp; 200608 | &nbsp;&nbsp; 18050708 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **48906215** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $905,411,567) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $905,411,567) | &nbsp;&nbsp; **1016777567** |

---

CTIVP<sup>®</sup> – Wellington Large Cap Value Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Exchange-Traded Equity Funds 2.0%** | **Exchange-Traded Equity Funds 2.0%** | **Exchange-Traded Equity Funds 2.0%** |
|  | **Shares** | **Value ($)** |
| **U.S. Large Cap 2.0%** | **U.S. Large Cap 2.0%** | **U.S. Large Cap 2.0%** |
| Vanguard Russell 1000 Value ETF | &nbsp;&nbsp; 232102 | &nbsp;&nbsp; 20742956 |
| &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $20,318,636) | &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $20,318,636) | &nbsp;&nbsp; **20742956** |
| **Money Market Funds 0.9%** | **Money Market Funds 0.9%** | **Money Market Funds 0.9%** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 9960859 | &nbsp;&nbsp; 9957871 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $9,956,701) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $9,956,701) | &nbsp;&nbsp; **9957871** |
| **Total Investments in Securities** <br>**(Cost: $935,686,904)** | **Total Investments in Securities** <br>**(Cost: $935,686,904)** | &nbsp;&nbsp; **1047478394** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(2072666)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **1045405728** |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) The rate shown is the seven-day current annualized yield at September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the
 holdings and transactions in these affiliated companies during the period ended September 30, 2025 are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% |
|  | 9885644 | &nbsp;&nbsp; 146159491 | &nbsp;&nbsp; (146088502)<br>| &nbsp;&nbsp; 1238 | &nbsp;&nbsp; 9957871 | &nbsp;&nbsp; (164)<br>| &nbsp;&nbsp; 306302 | &nbsp;&nbsp; 9960859 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

Investments are valued using policies described in the Notes to Financial Statements included within the most recent financial statements and additional information.

CTIVP<sup>®</sup> – Wellington Large Cap Value Fund \| 2025

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You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.

3QT7034_12_D01_(11/25)

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## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Columbia Funds Variable Series Trust II

- **b. Investment Company Act file number:** 811-22127

- **c. CIK number of Registrant:** 0001413032

- **d. LEI of Registrant:** 54930017CSZ4UCL7G406

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 290 Congress Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 800-345-6611

**Item A.2. Information about the Series.**

- **a. Name of Series:** CTIVP - Wellington Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000028692

- **c. LEI of Series:** 54930012N3VVGSJ74V26

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1048107735.06

**Total Liabilities:** $240495.31

**Net Assets:** $1047867239.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087802 | -1.29%               | 3.87%                | 2.61%                |
| Class ID C000087803 | -1.32%               | 3.85%                | 2.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8683349.76              | $-22301607.17                              |
| Month 2  | $15747876.73             | $21750346.08                               |
| Month 3  | $17776723.63             | $7140430.67                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                     | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WELLTOWER OP LLC                         | Welltower Inc                            | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |    103055 | NS      | $18358217.70  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COMPANIES INC                   | Williams Cos Inc/The                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    320110 | NS      | $20278968.50  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HALEON PLC                               | Haleon PLC                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |   1221774 | NS      | $5498205.36   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| AMCOR PLC                                | Amcor PLC                                | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |   1452974 | NS      | $11885327.32  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECH INC                         | Agilent Technologies Inc                 | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     68276 | NS      | $8763224.60   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                             | Alphabet Inc                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    227145 | NS      | $55218949.50  | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                 | American Express Co                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     30248 | NS      | $10047175.68  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP INC         | American International Group Inc         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    183893 | NS      | $14442956.22  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC                      | Elevance Health Inc                      | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     38139 | NS      | $12323473.68  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                | Apple Inc                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     33304 | NS      | $8480197.52   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                          | AstraZeneca PLC                          | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    181731 | NS      | $13942402.32  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES INC                | AvalonBay Communities Inc                | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     34842 | NS      | $6730429.14   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                     | Bank of America Corp                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    517232 | NS      | $26683998.88  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LTD                            | BHP Group Ltd                            | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    168432 | NS      | $9390084.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                            | Blackrock Inc                            | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |     17703 | NS      | $20639396.61  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                             | Broadcom Inc                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     26533 | NS      | $8753502.03   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| COTERRA ENERGY INC                       | Coterra Energy Inc                       | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    592831 | NS      | $14020453.15  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                        | Cisco Systems Inc                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    376194 | NS      | $25739193.48  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECH SOLUTIONS CORP            | Cognizant Technology Solutions Corp      | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |    184278 | NS      | $12359525.46  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND            | COLUMBIA SHORT TERM CASH FUND            | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9960859 | NS      | $9957870.65   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                           | ConocoPhillips                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    137427 | NS      | $12999219.93  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES INC                    | Dell Technologies Inc                    | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |    116205 | NS      | $16474382.85  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES INC                      | Delta Air Lines Inc                      | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    196963 | NS      | $11177650.25  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO                           | Walt Disney Co/The                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     96938 | NS      | $11099401.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP                         | Duke Energy Corp                         | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    113169 | NS      | $14004663.75  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                 | EQT Corp                                 | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    193746 | NS      | $10545594.78  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBUS SE                                | Airbus SE                                | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     72753 | NS      | $16989716.23  | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| EXELON CORPORATION                       | Exelon Corp                              | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    374380 | NS      | $16850843.80  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP INC                        | Expedia Group Inc                        | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |     76624 | NS      | $16378380.00  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORP                    | General Dynamics Corp                    | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     32488 | NS      | $11078408.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                      | Gilead Sciences Inc                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    115166 | NS      | $12783426.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE INC                       | HCA Healthcare Inc                       | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     33211 | NS      | $14154528.20  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HALEON PLC                               | Haleon PLC                               | CUSIP: 405552100<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    327284 | NS      | $2935737.48   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INC                              | Hubbell Inc                              | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     35277 | NS      | $15180045.87  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| JB HUNT TRANSPORT SERVICES INC           | JB Hunt Transport Services Inc           | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |     43028 | NS      | $5773066.76   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC            | Intercontinental Exchange Inc            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    114276 | NS      | $19253220.48  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                      | JPMorgan Chase & Co                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     34256 | NS      | $10805370.08  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LABCORP HOLDINGS INC                     | Labcorp Holdings Inc                     | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31061 | NS      | $8916370.66   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION              | Lockheed Martin Corp                     | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     46687 | NS      | $23306617.27  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COMPANIES INC                      | Lowe's Cos Inc                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     87778 | NS      | $22059489.18  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC           | Marsh & McLennan Cos Inc                 | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     64452 | NS      | $12989011.56  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MASCO CORP                               | Masco Corp                               | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |    107243 | NS      | $7548834.77   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO INC                           | Merck & Co Inc                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    198092 | NS      | $16625861.56  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                           | Microsoft Corp                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     78079 | NS      | $40441018.05  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC                    | Micron Technology Inc                    | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    109658 | NS      | $18347976.56  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    106676 | NS      | $16957216.96  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVARTIS AG                              | Novartis AG                              | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     50647 | NS      | $6494971.28   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC                        | Omnicom Group Inc                        | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |    202396 | NS      | $16501345.88  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| OTIS WORLDWIDE CORP                      | Otis Worldwide Corp                      | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    146212 | NS      | $13368163.16  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                               | Pfizer Inc                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    600800 | NS      | $15308384.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC          | Philip Morris International Inc          | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    153241 | NS      | $24855690.20  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                           | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     26421 | NS      | $7631705.85   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                             | QUALCOMM Inc                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    177160 | NS      | $29472337.60  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES INC                   | Roper Technologies Inc                   | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     18406 | NS      | $9178888.14   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC                           | S&P Global Inc                           | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     29334 | NS      | $14277151.14  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                   | Sempra                                   | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    200608 | NS      | $18050707.84  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP                               | Sysco Corp                               | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    194635 | NS      | $16026245.90  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC                        | TJX Cos Inc/The                          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     49561 | NS      | $7163546.94   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTALENERGIES SE                         | TotalEnergies SE                         | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    128468 | NS      | $7668254.92   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                    | Truist Financial Corp                    | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    344324 | NS      | $15742493.28  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC                             | Unilever PLC                             | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    358522 | NS      | $21253184.16  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                   | UnitedHealth Group Inc                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     32163 | NS      | $11105883.90  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VANGUARD RUSSELL 1000 VALUE              | Vanguard Russell 1000 Value              | CUSIP: 92206C714<br>LEI: N/A                  | Long             | EC               | RF                | US        |    232102 | NS      | $20742955.74  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                       | Vertiv Holdings Co                       | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     64033 | NS      | $9660018.38   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                 | Visa Inc                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     45087 | NS      | $15391800.06  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Westinghouse Air Brake Technologies Corp | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     93294 | NS      | $18702648.18  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                    | Wells Fargo & Co                         | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    285164 | NS      | $23902446.48  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP SEMICONDUCTORS NV                    | NXP Semiconductors NV                    | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |    113248 | NS      | $25789967.04  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-21

**Name of Applicant:** Columbia Funds Variable Series Trust II

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer