# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298516
**Filing Date:** 2025-11
**Character Count:** 87473
**Document Hash:** 66dac97738f52a94cd283daa22cd6196
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298516.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298516

**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:** 251524090

**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

### Variable Portfolio - Partners Small Cap Growth Fund (Series ID: S000028697)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000087812 | Variable Portfolio - Partners Small Cap Growth Fund Class 1 |  |
| C000087813 | Variable Portfolio - Partners Small Cap Growth Fund Class 2 |  |

## Nport-Ex

![](img174e7fd31.jpg)

Variable Portfolio – Partners Small Cap Growth 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

Variable Portfolio – Partners Small Cap Growth 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 99.3%** | **Common Stocks 99.3%** | **Common Stocks 99.3%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 0.5%** | **Communication Services 0.5%** | **Communication Services 0.5%** |
| **Media 0.5%** | **Media 0.5%** | **Media 0.5%** |
| Magnite, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 52328 | &nbsp;&nbsp; 1139704 |
| MNTN, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 36524 | &nbsp;&nbsp; 677520 |
| Total |  | &nbsp;&nbsp; 1817224 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **1817224** |
| **Consumer Discretionary 11.5%** | **Consumer Discretionary 11.5%** | **Consumer Discretionary 11.5%** |
| **Automobile Components 1.7%** | **Automobile Components 1.7%** | **Automobile Components 1.7%** |
| Dorman Products, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11147 | &nbsp;&nbsp; 1737595 |
| Modine Manufacturing Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29502 | &nbsp;&nbsp; 4194004 |
| Total |  | &nbsp;&nbsp; 5931599 |
| **Broadline Retail 0.4%** | **Broadline Retail 0.4%** | **Broadline Retail 0.4%** |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 12483 | &nbsp;&nbsp; 1602817 |
| **Diversified Consumer Services 0.9%** | **Diversified Consumer Services 0.9%** | **Diversified Consumer Services 0.9%** |
| Bright Horizons Family Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16927 | &nbsp;&nbsp; 1837765 |
| OneSpaWorld Holdings Ltd. | &nbsp;&nbsp; 61566 | &nbsp;&nbsp; 1301505 |
| Total |  | &nbsp;&nbsp; 3139270 |
| **Hotels, Restaurants & Leisure 2.7%** | **Hotels, Restaurants & Leisure 2.7%** | **Hotels, Restaurants & Leisure 2.7%** |
| Black Rock Coffee Bar, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 14302 | &nbsp;&nbsp; 341246 |
| Cheesecake Factory, Inc. (The) | &nbsp;&nbsp; 24511 | &nbsp;&nbsp; 1339281 |
| Churchill Downs, Inc. | &nbsp;&nbsp; 14029 | &nbsp;&nbsp; 1360953 |
| Dutch Bros, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 25612 | &nbsp;&nbsp; 1340532 |
| Genius Sports Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 89702 | &nbsp;&nbsp; 1110511 |
| Kura Sushi USA, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 17689 | &nbsp;&nbsp; 1050904 |
| Life Time Group Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 55537 | &nbsp;&nbsp; 1532821 |
| Shake Shack, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 12926 | &nbsp;&nbsp; 1210003 |
| Sweetgreen, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 51391 | &nbsp;&nbsp; 410100 |
| Total |  | &nbsp;&nbsp; 9696351 |
| **Household Durables 2.1%** | **Household Durables 2.1%** | **Household Durables 2.1%** |
| Cavco Industries, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3407 | &nbsp;&nbsp; 1978547 |
| Installed Building Products, Inc. | &nbsp;&nbsp; 18371 | &nbsp;&nbsp; 4531391 |
| Meritage Homes Corp. | &nbsp;&nbsp; 13231 | &nbsp;&nbsp; 958321 |
| Total |  | &nbsp;&nbsp; 7468259 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Specialty Retail 2.6%** | **Specialty Retail 2.6%** | **Specialty Retail 2.6%** |
| Boot Barn Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 32422 | &nbsp;&nbsp; 5372974 |
| Five Below, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8545 | &nbsp;&nbsp; 1321911 |
| Revolve Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 55965 | &nbsp;&nbsp; 1192055 |
| Warby Parker, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 47640 | &nbsp;&nbsp; 1313911 |
| Total |  | &nbsp;&nbsp; 9200851 |
| **Textiles, Apparel & Luxury Goods 1.1%** | **Textiles, Apparel & Luxury Goods 1.1%** | **Textiles, Apparel & Luxury Goods 1.1%** |
| Kontoor Brands, Inc. | &nbsp;&nbsp; 32948 | &nbsp;&nbsp; 2628262 |
| Wolverine World Wide, Inc. | &nbsp;&nbsp; 51012 | &nbsp;&nbsp; 1399769 |
| Total |  | &nbsp;&nbsp; 4028031 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **41067178** |
| **Consumer Staples 3.3%** | **Consumer Staples 3.3%** | **Consumer Staples 3.3%** |
| **Beverages 1.0%** | **Beverages 1.0%** | **Beverages 1.0%** |
| Vita Coco Co., Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 82503 | &nbsp;&nbsp; 3503902 |
| **Consumer Staples Distribution & Retail 0.5%** | **Consumer Staples Distribution & Retail 0.5%** | **Consumer Staples Distribution & Retail 0.5%** |
| Natural Grocers by Vitamin Cottage, Inc. | &nbsp;&nbsp; 17579 | &nbsp;&nbsp; 703160 |
| Sprouts Farmers Market, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8908 | &nbsp;&nbsp; 969190 |
| Total |  | &nbsp;&nbsp; 1672350 |
| **Food Products 1.2%** | **Food Products 1.2%** | **Food Products 1.2%** |
| Freshpet, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14334 | &nbsp;&nbsp; 789947 |
| Vital Farms, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 86653 | &nbsp;&nbsp; 3565771 |
| Total |  | &nbsp;&nbsp; 4355718 |
| **Household Products 0.3%** | **Household Products 0.3%** | **Household Products 0.3%** |
| WD-40 Co. | &nbsp;&nbsp; 5906 | &nbsp;&nbsp; 1167026 |
| **Personal Care Products 0.3%** | **Personal Care Products 0.3%** | **Personal Care Products 0.3%** |
| Interparfums, Inc. | &nbsp;&nbsp; 11748 | &nbsp;&nbsp; 1155768 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **11854764** |
| **Energy 2.6%** | **Energy 2.6%** | **Energy 2.6%** |
| **Energy Equipment & Services 1.2%** | **Energy Equipment & Services 1.2%** | **Energy Equipment & Services 1.2%** |
| Archrock, Inc. | &nbsp;&nbsp; 16354 | &nbsp;&nbsp; 430274 |
| TechnipFMC PLC | &nbsp;&nbsp; 97901 | &nbsp;&nbsp; 3862194 |
| Total |  | &nbsp;&nbsp; 4292468 |

---

Variable Portfolio – Partners Small Cap Growth Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Partners Small Cap Growth Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Oil, Gas & Consumable Fuels 1.4%** | **Oil, Gas & Consumable Fuels 1.4%** | **Oil, Gas & Consumable Fuels 1.4%** |
| Centrus Energy Corp. Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 1460 | &nbsp;&nbsp; 452702 |
| Matador Resources Co. | &nbsp;&nbsp; 42850 | &nbsp;&nbsp; 1925251 |
| Range Resources Corp. | &nbsp;&nbsp; 72130 | &nbsp;&nbsp; 2714973 |
| Total |  | &nbsp;&nbsp; 5092926 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **9385394** |
| **Financials 9.4%** | **Financials 9.4%** | **Financials 9.4%** |
| **Banks 1.1%** | **Banks 1.1%** | **Banks 1.1%** |
| Bancorp, Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 52764 | &nbsp;&nbsp; 3951496 |
| **Capital Markets 5.7%** | **Capital Markets 5.7%** | **Capital Markets 5.7%** |
| Bullish<sup>(a)</sup> <br>| &nbsp;&nbsp; 3737 | &nbsp;&nbsp; 237711 |
| Hamilton Lane, Inc., Class A | &nbsp;&nbsp; 33913 | &nbsp;&nbsp; 4571133 |
| Houlihan Lokey, Inc., Class A | &nbsp;&nbsp; 15707 | &nbsp;&nbsp; 3224961 |
| Miami International Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6281 | &nbsp;&nbsp; 252873 |
| Piper Sandler Companies | &nbsp;&nbsp; 9828 | &nbsp;&nbsp; 3410218 |
| PJT Partners, Inc. | &nbsp;&nbsp; 18669 | &nbsp;&nbsp; 3318042 |
| StepStone Group, Inc., Class A | &nbsp;&nbsp; 48188 | &nbsp;&nbsp; 3147158 |
| WisdomTree, Inc. | &nbsp;&nbsp; 143107 | &nbsp;&nbsp; 1989187 |
| Total |  | &nbsp;&nbsp; 20151283 |
| **Insurance 2.6%** | **Insurance 2.6%** | **Insurance 2.6%** |
| Goosehead Insurance, Inc., Class A | &nbsp;&nbsp; 37505 | &nbsp;&nbsp; 2791122 |
| Kinsale Capital Group, Inc. | &nbsp;&nbsp; 3355 | &nbsp;&nbsp; 1426747 |
| Neptune Insurance Holdings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 9049 | &nbsp;&nbsp; 180980 |
| Palomar Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14540 | &nbsp;&nbsp; 1697545 |
| Skyward Specialty Insurance Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 68780 | &nbsp;&nbsp; 3271177 |
| Total |  | &nbsp;&nbsp; 9367571 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **33470350** |
| **Health Care 20.4%** | **Health Care 20.4%** | **Health Care 20.4%** |
| **Biotechnology 7.2%** | **Biotechnology 7.2%** | **Biotechnology 7.2%** |
| Alkermes PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 131419 | &nbsp;&nbsp; 3942570 |
| Apogee Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15290 | &nbsp;&nbsp; 607472 |
| Caris Life Sciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7582 | &nbsp;&nbsp; 229356 |
| CG Oncology, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29447 | &nbsp;&nbsp; 1186125 |
| Cytokinetics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 33846 | &nbsp;&nbsp; 1860176 |
| Denali Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 95714 | &nbsp;&nbsp; 1389767 |
| Dynavax Technologies Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 35293 | &nbsp;&nbsp; 350459 |
| Ionis Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20371 | &nbsp;&nbsp; 1332671 |
| Krystal Biotech, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4571 | &nbsp;&nbsp; 806919 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Madrigal Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9572 | &nbsp;&nbsp; 4390294 |
| Metsera, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14361 | &nbsp;&nbsp; 751511 |
| Mineralys Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 35288 | &nbsp;&nbsp; 1338121 |
| Protagonist Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 38401 | &nbsp;&nbsp; 2550978 |
| Revolution Medicines, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 26820 | &nbsp;&nbsp; 1252494 |
| Syndax Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 67489 | &nbsp;&nbsp; 1038318 |
| Ultragenyx Pharmaceutical, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15522 | &nbsp;&nbsp; 466902 |
| Vaxcyte, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 34311 | &nbsp;&nbsp; 1235882 |
| Xenon Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19629 | &nbsp;&nbsp; 788104 |
| Total |  | &nbsp;&nbsp; 25518119 |
| **Health Care Equipment & Supplies 4.1%** | **Health Care Equipment & Supplies 4.1%** | **Health Care Equipment & Supplies 4.1%** |
| Beta Bionics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 34090 | &nbsp;&nbsp; 677368 |
| Glaukos Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 37104 | &nbsp;&nbsp; 3025831 |
| Globus Medical, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 23789 | &nbsp;&nbsp; 1362396 |
| iRhythm Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13192 | &nbsp;&nbsp; 2268892 |
| LeMaitre Vascular, Inc. | &nbsp;&nbsp; 25297 | &nbsp;&nbsp; 2213741 |
| Merit Medical Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29461 | &nbsp;&nbsp; 2452039 |
| PROCEPT BioRobotics Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 38886 | &nbsp;&nbsp; 1387841 |
| TransMedics Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11618 | &nbsp;&nbsp; 1303540 |
| Total |  | &nbsp;&nbsp; 14691648 |
| **Health Care Providers & Services 7.7%** | **Health Care Providers & Services 7.7%** | **Health Care Providers & Services 7.7%** |
| BrightSpring Health Services, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 56120 | &nbsp;&nbsp; 1658907 |
| Ensign Group, Inc. (The) | &nbsp;&nbsp; 28295 | &nbsp;&nbsp; 4888527 |
| GeneDx Holdings Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10854 | &nbsp;&nbsp; 1169410 |
| Guardant Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 85320 | &nbsp;&nbsp; 5330794 |
| HealthEquity, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 31693 | &nbsp;&nbsp; 3003546 |
| Option Care Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 64200 | &nbsp;&nbsp; 1782192 |
| Pennant Group, Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 49666 | &nbsp;&nbsp; 1252577 |
| RadNet, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 109464 | &nbsp;&nbsp; 8342251 |
| Total |  | &nbsp;&nbsp; 27428204 |
| **Health Care Technology 0.6%** | **Health Care Technology 0.6%** | **Health Care Technology 0.6%** |
| HeartFlow, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 18093 | &nbsp;&nbsp; 609010 |
| Waystar Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 41967 | &nbsp;&nbsp; 1591389 |
| Total |  | &nbsp;&nbsp; 2200399 |

---

Variable Portfolio – Partners Small Cap Growth Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Partners Small Cap Growth Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** |
| Crinetics Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 34006 | &nbsp;&nbsp; 1416350 |
| Ligand Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5140 | &nbsp;&nbsp; 910500 |
| WaVe Life Sciences Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 73250 | &nbsp;&nbsp; 536190 |
| Total |  | &nbsp;&nbsp; 2863040 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **72701410** |
| **Industrials 24.7%** | **Industrials 24.7%** | **Industrials 24.7%** |
| **Aerospace & Defense 5.2%** | **Aerospace & Defense 5.2%** | **Aerospace & Defense 5.2%** |
| Karman Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16624 | &nbsp;&nbsp; 1200253 |
| Loar Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 73187 | &nbsp;&nbsp; 5854960 |
| Moog, Inc., Class A | &nbsp;&nbsp; 13256 | &nbsp;&nbsp; 2752874 |
| Voyager Technologies, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 27271 | &nbsp;&nbsp; 812130 |
| VSE Corp. | &nbsp;&nbsp; 47068 | &nbsp;&nbsp; 7824584 |
| Total |  | &nbsp;&nbsp; 18444801 |
| **Building Products 2.0%** | **Building Products 2.0%** | **Building Products 2.0%** |
| CSW Industrials, Inc. | &nbsp;&nbsp; 14571 | &nbsp;&nbsp; 3537110 |
| Griffon Corp. | &nbsp;&nbsp; 24952 | &nbsp;&nbsp; 1900095 |
| Simpson Manufacturing Co., Inc. | &nbsp;&nbsp; 10521 | &nbsp;&nbsp; 1761847 |
| Total |  | &nbsp;&nbsp; 7199052 |
| **Commercial Services & Supplies 2.9%** | **Commercial Services & Supplies 2.9%** | **Commercial Services & Supplies 2.9%** |
| Casella Waste Systems, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 69777 | &nbsp;&nbsp; 6620442 |
| CECO Environmental Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 48589 | &nbsp;&nbsp; 2487757 |
| Tetra Tech, Inc. | &nbsp;&nbsp; 40564 | &nbsp;&nbsp; 1354026 |
| Total |  | &nbsp;&nbsp; 10462225 |
| **Construction & Engineering 4.5%** | **Construction & Engineering 4.5%** | **Construction & Engineering 4.5%** |
| Centuri Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 28234 | &nbsp;&nbsp; 597714 |
| Construction Partners, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 25206 | &nbsp;&nbsp; 3201162 |
| Everus Construction Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 40716 | &nbsp;&nbsp; 3491397 |
| Limbach Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19197 | &nbsp;&nbsp; 1864412 |
| MYR Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11433 | &nbsp;&nbsp; 2378407 |
| Primoris Services Corp. | &nbsp;&nbsp; 10666 | &nbsp;&nbsp; 1464762 |
| Sterling Infrastructure, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8415 | &nbsp;&nbsp; 2858407 |
| Total |  | &nbsp;&nbsp; 15856261 |
| **Electrical Equipment 0.5%** | **Electrical Equipment 0.5%** | **Electrical Equipment 0.5%** |
| NEXTracker, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 24004 | &nbsp;&nbsp; 1776056 |
| **Ground Transportation 1.2%** | **Ground Transportation 1.2%** | **Ground Transportation 1.2%** |
| Saia, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14243 | &nbsp;&nbsp; 4263785 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Machinery 4.5%** | **Machinery 4.5%** | **Machinery 4.5%** |
| EnPro, Inc. | &nbsp;&nbsp; 11516 | &nbsp;&nbsp; 2602616 |
| Esab Corp. | &nbsp;&nbsp; 24361 | &nbsp;&nbsp; 2722098 |
| Federal Signal Corp. | &nbsp;&nbsp; 19351 | &nbsp;&nbsp; 2302575 |
| RBC Bearings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8637 | &nbsp;&nbsp; 3370935 |
| SPX Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15803 | &nbsp;&nbsp; 2951684 |
| Watts Water Technologies, Inc., Class A | &nbsp;&nbsp; 7913 | &nbsp;&nbsp; 2209943 |
| Total |  | &nbsp;&nbsp; 16159851 |
| **Professional Services 1.4%** | **Professional Services 1.4%** | **Professional Services 1.4%** |
| Parsons Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 61011 | &nbsp;&nbsp; 5059032 |
| **Trading Companies & Distributors 2.5%** | **Trading Companies & Distributors 2.5%** | **Trading Companies & Distributors 2.5%** |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp; 6070 | &nbsp;&nbsp; 1584574 |
| Core & Main, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 11383 | &nbsp;&nbsp; 612747 |
| FTAI Aviation Ltd. | &nbsp;&nbsp; 16012 | &nbsp;&nbsp; 2671762 |
| McGrath Rentcorp | &nbsp;&nbsp; 13725 | &nbsp;&nbsp; 1609942 |
| SiteOne Landscape Supply, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 18756 | &nbsp;&nbsp; 2415773 |
| Total |  | &nbsp;&nbsp; 8894798 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **88115861** |
| **Information Technology 23.0%** | **Information Technology 23.0%** | **Information Technology 23.0%** |
| **Electronic Equipment, Instruments & Components 4.3%** | **Electronic Equipment, Instruments & Components 4.3%** | **Electronic Equipment, Instruments & Components 4.3%** |
| Badger Meter, Inc. | &nbsp;&nbsp; 11875 | &nbsp;&nbsp; 2120638 |
| Fabrinet<sup>(a)</sup> <br>| &nbsp;&nbsp; 4570 | &nbsp;&nbsp; 1666313 |
| Itron, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15859 | &nbsp;&nbsp; 1975397 |
| Mirion Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 261285 | &nbsp;&nbsp; 6077489 |
| Novanta, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19389 | &nbsp;&nbsp; 1941808 |
| Vontier Corp. | &nbsp;&nbsp; 38107 | &nbsp;&nbsp; 1599351 |
| Total |  | &nbsp;&nbsp; 15380996 |
| **IT Services 0.6%** | **IT Services 0.6%** | **IT Services 0.6%** |
| DigitalOcean Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 59112 | &nbsp;&nbsp; 2019266 |
| **Semiconductors & Semiconductor Equipment 8.6%** | **Semiconductors & Semiconductor Equipment 8.6%** | **Semiconductors & Semiconductor Equipment 8.6%** |
| Ambiq Micro, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22627 | &nbsp;&nbsp; 677000 |
| Axcelis Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 21966 | &nbsp;&nbsp; 2144760 |
| Camtek Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14132 | &nbsp;&nbsp; 1484567 |
| Credo Technology Group Holding Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 35514 | &nbsp;&nbsp; 5171193 |
| Formfactor, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 28311 | &nbsp;&nbsp; 1031087 |
| Impinj, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7606 | &nbsp;&nbsp; 1374784 |
| Lattice Semiconductor Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 79865 | &nbsp;&nbsp; 5855702 |
| MACOM Technology Solutions Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22931 | &nbsp;&nbsp; 2854680 |

---

Variable Portfolio – Partners Small Cap Growth Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Partners Small Cap Growth Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Onto Innovation, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19975 | &nbsp;&nbsp; 2581169 |
| Rambus, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19599 | &nbsp;&nbsp; 2042216 |
| SiTime Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14522 | &nbsp;&nbsp; 4375624 |
| Veeco Instruments, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 43460 | &nbsp;&nbsp; 1322488 |
| Total |  | &nbsp;&nbsp; 30915270 |
| **Software 9.2%** | **Software 9.2%** | **Software 9.2%** |
| Alkami Technology, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 49256 | &nbsp;&nbsp; 1223519 |
| Amplitude, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 108152 | &nbsp;&nbsp; 1159390 |
| AvePoint, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 57514 | &nbsp;&nbsp; 863285 |
| Box, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 97596 | &nbsp;&nbsp; 3149423 |
| Clearwater Analytics Holdings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 73350 | &nbsp;&nbsp; 1321767 |
| CommVault Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13435 | &nbsp;&nbsp; 2536259 |
| Descartes Systems Group, Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 28821 | &nbsp;&nbsp; 2715803 |
| Freshworks, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 121119 | &nbsp;&nbsp; 1425571 |
| Intapp, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 26528 | &nbsp;&nbsp; 1084995 |
| JFrog Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 101410 | &nbsp;&nbsp; 4799735 |
| OneStream, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 57423 | &nbsp;&nbsp; 1058306 |
| Pagerduty, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 48997 | &nbsp;&nbsp; 809431 |
| Procore Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 41997 | &nbsp;&nbsp; 3062421 |
| Q2 Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 23839 | &nbsp;&nbsp; 1725705 |
| ServiceTitan, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 20553 | &nbsp;&nbsp; 2072359 |
| Varonis Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 49564 | &nbsp;&nbsp; 2848443 |
| Via Transportation, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 19026 | &nbsp;&nbsp; 914770 |
| Total |  | &nbsp;&nbsp; 32771182 |
| **Technology Hardware, Storage & Peripherals 0.3%** | **Technology Hardware, Storage & Peripherals 0.3%** | **Technology Hardware, Storage & Peripherals 0.3%** |
| IonQ, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16132 | &nbsp;&nbsp; 992118 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **82078832** |
| **Materials 3.2%** | **Materials 3.2%** | **Materials 3.2%** |
| **Chemicals 1.6%** | **Chemicals 1.6%** | **Chemicals 1.6%** |
| Balchem Corp. | &nbsp;&nbsp; 11243 | &nbsp;&nbsp; 1687124 |
| Hawkins, Inc. | &nbsp;&nbsp; 21572 | &nbsp;&nbsp; 3941636 |
| Total |  | &nbsp;&nbsp; 5628760 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Construction Materials 0.7%** | **Construction Materials 0.7%** | **Construction Materials 0.7%** |
| Knife River Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15672 | &nbsp;&nbsp; 1204707 |
| United States Lime & Minerals, Inc. | &nbsp;&nbsp; 11277 | &nbsp;&nbsp; 1483489 |
| Total |  | &nbsp;&nbsp; 2688196 |
| **Metals & Mining 0.9%** | **Metals & Mining 0.9%** | **Metals & Mining 0.9%** |
| Materion Corp. | &nbsp;&nbsp; 27311 | &nbsp;&nbsp; 3299442 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **11616398** |
| **Real Estate 0.7%** | **Real Estate 0.7%** | **Real Estate 0.7%** |
| **Industrial REITs 0.7%** | **Industrial REITs 0.7%** | **Industrial REITs 0.7%** |
| Terreno Realty Corp. | &nbsp;&nbsp; 41325 | &nbsp;&nbsp; 2345194 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **2345194** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $314,483,872) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $314,483,872) | &nbsp;&nbsp; **354452605** |
| **Rights 0.0%** | **Rights 0.0%** | **Rights 0.0%** |
| **Health Care 0.0%** | **Health Care 0.0%** | **Health Care 0.0%** |
| **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** |
| Sanofi SA<sup>(a),(b),(c),(d)</sup> <br>| &nbsp;&nbsp; 6354 | &nbsp;&nbsp; 2541 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **2541** |
| &nbsp;&nbsp; Total Rights <br>(Cost $—) | &nbsp;&nbsp; Total Rights <br>(Cost $—) | &nbsp;&nbsp; **2541** |
| **Money Market Funds 0.8%** | **Money Market Funds 0.8%** | **Money Market Funds 0.8%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(e),(f)</sup> <br>| &nbsp;&nbsp; 2950293 | &nbsp;&nbsp; 2949408 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $2,949,190) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $2,949,190) | &nbsp;&nbsp; **2949408** |
| **Total Investments in Securities** <br>**(Cost: $317,433,062)** | **Total Investments in Securities** <br>**(Cost: $317,433,062)** | &nbsp;&nbsp; **357404554** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(513982)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **356890572** |

---

Variable Portfolio – Partners Small Cap Growth Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Partners Small Cap Growth Fund, September 30, 2025 (Unaudited)

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents fair value as determined in good faith under procedures approved by the
 Board of Trustees. At September 30, 2025, the total value of these securities amounted to $2,541, which represents less than 0.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Denotes a restricted security, which is subject to legal or contractual restrictions
 on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable
 price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between
 qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These
 securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund's Board of Trustees. At September 30, 2025, the total market value of these securities amounted to $2,541, which represents less than 0.01% of total net assets. Additional information on these securities is
 as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Dates**<br>| **Shares** | **Cost ($)** | **Value ($)** |
| Sanofi SA | 07/17/25 | &nbsp;&nbsp; 6354 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2541 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Valuation based on significant unobservable inputs.

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) 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% |
|  | 2562504 | &nbsp;&nbsp; 75430547 | &nbsp;&nbsp; (75043861)<br>| &nbsp;&nbsp; 218 | &nbsp;&nbsp; 2949408 | &nbsp;&nbsp; (2188)<br>| &nbsp;&nbsp; 204723 | &nbsp;&nbsp; 2950293 |

---

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

Variable Portfolio – Partners Small Cap Growth 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.

3QT7057_12_D01_(11/25)

------

## 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:** Variable Portfolio - Partners Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000028697

- **c. LEI of Series:** 549300XOYGMYZBUWJK95

**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:** $357092122.68

**Total Liabilities:** $138642.64

**Net Assets:** $356953480.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087812 | 0.88%                | 4.91%                | 0.80%                |
| Class ID C000087813 | 0.88%                | 4.86%                | 0.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $774347.64               | $2495948.73                                |
| Month 2  | $2015451.42              | $15097532.05                               |
| Month 3  | $3824012.51              | $-765825.63                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NOVANTA INC                             | Novanta Inc                             | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     19389 | NS      | $1941808.35   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| OLLIES BARGAIN OUTLET HOLDINGS I        | Ollie's Bargain Outlet Holdings Inc     | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     12483 | NS      | $1602817.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ONESTREAM INC                           | Onestream Inc                           | CUSIP: 68278B107<br>LEI: 254900CRBCHIYDC37W82 | Long             | EC               | CORP              | US        |     57423 | NS      | $1058305.89   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ONTO INNOVATION INC                     | Onto Innovation Inc                     | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     19975 | NS      | $2581169.50   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION CARE HEALTH INC                  | Option Care Health Inc                  | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     64200 | NS      | $1782192.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT PARTNERS INC                        | PJT Partners Inc                        | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     18669 | NS      | $3318041.37   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PAGERDUTY INC                           | PagerDuty Inc                           | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |     48997 | NS      | $809430.44    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PALOMAR HOLDINGS INC                    | Palomar Holdings Inc                    | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     14540 | NS      | $1697545.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PARSONS CORP                            | Parsons Corp                            | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |     61011 | NS      | $5059032.12   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNANT GROUP INC                       | Pennant Group Inc/The                   | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |     49666 | NS      | $1252576.52   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PIPER SANDLER COMPANIES                 | Piper Sandler Cos                       | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      9828 | NS      | $3410217.72   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMORIS SERVICES CORP                  | Primoris Services Corp                  | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     10666 | NS      | $1464761.78   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCORE TECHNOLOGIES INC                | Procore Technologies Inc                | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     41997 | NS      | $3062421.24   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BIOROBOTICS CORP                | PROCEPT BioRobotics Corp                | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38886 | NS      | $1387841.34   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PROTAGONIST THERAPEUTICS INC.           | Protagonist Therapeutics Inc            | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38401 | NS      | $2550978.43   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 HOLDINGS INC                         | Q2 Holdings Inc                         | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     23839 | NS      | $1725705.21   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RADNET INC                              | RadNet Inc                              | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |    109464 | NS      | $8342251.44   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMBUS INC                              | Rambus Inc                              | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     19599 | NS      | $2042215.80   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| RANGE RESOURCES CORP                    | Range Resources Corp                    | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     72130 | NS      | $2714973.20   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC BEARINGS                            | RBC Bearings Inc                        | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8637 | NS      | $3370934.73   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| REVOLUTION MEDICINES INC                | Revolution Medicines Inc                | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     26820 | NS      | $1252494.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| REVOLVE GROUP INC                       | Revolve Group Inc                       | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55965 | NS      | $1192054.50   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX TECHNOLOGIES INC                    | SPX Technologies Inc                    | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     15803 | NS      | $2951684.34   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SCS TRANSPORTATION INC                  | Saia Inc                                | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     14243 | NS      | $4263784.48   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GENEDX HOLDINGS CORP                    | GeneDx Holdings Corp                    | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10854 | NS      | $1169409.96   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                        | ServiceTitan Inc                        | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20553 | NS      | $2072358.99   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SHAKE SHACK INC                         | Shake Shack Inc                         | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |     12926 | NS      | $1210002.86   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPSON MFG CO INC                      | Simpson Manufacturing Co Inc            | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     10521 | NS      | $1761846.66   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SITEONE LANDSCAPE SUPPLY INC            | SiteOne Landscape Supply Inc            | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     18756 | NS      | $2415772.80   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SITIME CORP                             | SiTime Corp                             | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14522 | NS      | $4375623.82   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWARD SPECIALTY INSURANCE GROUP INC   | Skyward Specialty Insurance Group Inc   | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     68780 | NS      | $3271176.80   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SPROUTS FARMERS MARKETS INC             | Sprouts Farmers Market Inc              | CUSIP: 85208M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8908 | NS      | $969190.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| STEPSTONE GROUP INC                     | StepStone Group Inc                     | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48188 | NS      | $3147158.28   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE INC             | Sterling Infrastructure Inc             | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      8415 | NS      | $2858407.20   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEETGREEN INC                          | Sweetgreen Inc                          | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51391 | NS      | $410100.18    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNDAX PHARMACEUTICALS INC              | Syndax Pharmaceuticals Inc              | CUSIP: 87164F105<br>LEI: 529900OF94TRHKZVBS87 | Long             | EC               | CORP              | US        |     67489 | NS      | $1038318.27   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRENO REALTY CORP                     | Terreno Realty Corp                     | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41325 | NS      | $2345193.75   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA TECH INC                          | Tetra Tech Inc                          | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     40564 | NS      | $1354026.32   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSMEDICS GROUP INC                   | TransMedics Group Inc                   | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     11618 | NS      | $1303539.60   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRAGENYX PHARMACEUTICAL INC           | Ultragenyx Pharmaceutical Inc           | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     15522 | NS      | $466901.76    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES LIME & MINERALS IN        | United States Lime & Minerals Inc       | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |     11277 | NS      | $1483489.35   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE CORP                                | VSE Corp                                | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     47068 | NS      | $7824584.32   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VARONIS SYSTEMS INC                     | Varonis Systems Inc                     | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     49564 | NS      | $2848443.08   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| VEECO INSTRUMENTS INC.                  | Veeco Instruments Inc                   | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     43460 | NS      | $1322487.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| VAXCYTE INC                             | Vaxcyte Inc                             | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     34311 | NS      | $1235882.22   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Via Transportation Inc                  | Via Transportation Inc                  | CUSIP: 92556W104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19026 | NS      | $914770.08    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VITA COCO COMPANY INC                   | Vita Coco Co Inc/The                    | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |     82503 | NS      | $3503902.41   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| VITAL FARMS INC                         | Vital Farms Inc                         | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |     86653 | NS      | $3565770.95   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VONTIER CORP                            | Vontier Corp                            | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     38107 | NS      | $1599350.79   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Voyager Technologies Inc                | Voyager Technologies Inc                | CUSIP: 92892B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27271 | NS      | $812130.38    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ALKAMI TECHNOLOGY INC                   | Alkami Technology Inc                   | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     49256 | NS      | $1223519.04   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambiq Micro Inc                         | Ambiq Micro Inc                         | CUSIP: 023193105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22627 | NS      | $676999.84    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPLITUDE INC                           | Amplitude Inc                           | CUSIP: 03213A104<br>LEI: 984500EZ87C703978858 | Long             | EC               | CORP              | US        |    108152 | NS      | $1159389.44   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| APOGEE THERAPEUTICS INC                 | Apogee Therapeutics Inc                 | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15290 | NS      | $607471.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED IND TECH INC.                   | Applied Industrial Technologies Inc     | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      6070 | NS      | $1584573.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHROCK INC                            | Archrock Inc                            | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     16354 | NS      | $430273.74    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AVEPOINT INC                            | AvePoint Inc                            | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57514 | NS      | $863285.14    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AXCELIS TECHNOLOGIES INC                | Axcelis Technologies Inc                | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     21966 | NS      | $2144760.24   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BADGER METER INC                        | Badger Meter Inc                        | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     11875 | NS      | $2120637.50   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BALCHEM CORP                            | Balchem Corp                            | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     11243 | NS      | $1687124.58   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK BANCORP NA                         | Bancorp Inc/The                         | CUSIP: 05969A105<br>LEI: 24C4CXKSJUS7LUHQN688 | Long             | EC               | CORP              | US        |     52764 | NS      | $3951495.96   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BETA BIONICS INC                        | Beta Bionics Inc                        | CUSIP: 08659B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34090 | NS      | $677368.30    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Rock Coffee Bar Inc               | Black Rock Coffee Bar Inc               | CUSIP: 092244102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14302 | NS      | $341245.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA                               | SANOFI SA - CVR                         | CUSIP: 096CVR048<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |      6354 | NS      | $2541.60      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BOOT BARN HOLDINGS INC                  | Boot Barn Holdings Inc                  | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     32422 | NS      | $5372973.84   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX INC                                 | Box Inc                                 | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     97596 | NS      | $3149422.92   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHT HORIZONS FAMILY SOLUTIONS        | Bright Horizons Family Solutions Inc    | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16927 | NS      | $1837764.39   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTSPRING HEALTH SERVICES INC        | BrightSpring Health Services Inc        | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56120 | NS      | $1658907.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environment                        | CECO Environmental Corp                 | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |     48589 | NS      | $2487756.80   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW INDUSTRIALS INC                     | CSW Industrials Inc                     | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     14571 | NS      | $3537110.25   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CARIS LIFE SCIENCES INC                 | Caris Life Sciences Inc                 | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |      7582 | NS      | $229355.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CASELLA WASTE SYST INC                  | Casella Waste Systems Inc               | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     69777 | NS      | $6620441.76   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVCO INDUSTRIES INC                    | Cavco Industries Inc                    | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3407 | NS      | $1978547.11   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURI HOLDINGS INC                    | Centuri Holdings Inc                    | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28234 | NS      | $597713.78    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRUS ENERGY CORP                     | Centrus Energy Corp                     | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |      1460 | NS      | $452702.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CG ONCOLOGY INC                         | CG oncology Inc                         | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29447 | NS      | $1186125.16   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEESECAKE FACTORY INC                  | Cheesecake Factory Inc/The              | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     24511 | NS      | $1339281.04   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCHILL DOWNS INC                     | Churchill Downs Inc                     | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     14029 | NS      | $1360953.29   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWATER ANALYTICS HOLDINGS INC       | Clearwater Analytics Holdings Inc       | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73350 | NS      | $1321767.00   | 0.37%             |  |  |  | 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        |   2950293 | NS      | $2949407.98   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS INC                   | Commvault Systems Inc                   | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     13435 | NS      | $2536259.30   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTRUCTION PARTNERS INC               | Construction Partners Inc               | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     25206 | NS      | $3201162.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE & MAIN INC                         | Core & Main Inc                         | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11383 | NS      | $612746.89    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL SIGNAL CORP                     | Federal Signal Corp                     | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     19351 | NS      | $2302575.49   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE BELOW INC                          | Five Below Inc                          | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      8545 | NS      | $1321911.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FORMFACTOR INC                          | FormFactor Inc                          | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     28311 | NS      | $1031086.62   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESHPET INC                            | Freshpet Inc                            | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     14334 | NS      | $789946.74    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CRINETICS PHARMACEUTICALS INC           | Crinetics Pharmaceuticals Inc           | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     34006 | NS      | $1416349.90   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTOKINETICS INCORPORATED               | Cytokinetics Inc                        | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     33846 | NS      | $1860176.16   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DENALI THERAPEUTICS INC                 | Denali Therapeutics Inc                 | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |     95714 | NS      | $1389767.28   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DESCARTES SYSTEMS GROUP INC             | Descartes Systems Group Inc/The         | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     28821 | NS      | $2715802.83   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALOCEAN HOLDINGS INC               | DigitalOcean Holdings Inc               | CUSIP: 25402D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59112 | NS      | $2019265.92   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DORMAN PRODUCTS INC                     | Dorman Products Inc                     | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |     11147 | NS      | $1737594.36   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DUTCH BROS INC                          | Dutch Bros Inc                          | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25612 | NS      | $1340532.08   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNAVAX TECHNOLOGIES CORP               | Dynavax Technologies Corp               | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |     35293 | NS      | $350459.49    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ENPRO INC                               | Enpro Inc                               | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     11516 | NS      | $2602616.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSIGN GROUP INC                        | Ensign Group Inc/The                    | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     28295 | NS      | $4888527.15   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB CORP                               | Esab Corp                               | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     24361 | NS      | $2722098.14   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERUS CONSTRUCTION GROUP INC           | Everus Construction Group Inc           | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     40716 | NS      | $3491397.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MERITAGE HOMES CORP                     | Meritage Homes Corp                     | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     13231 | NS      | $958321.33    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| METSERA INC                             | Metsera Inc                             | CUSIP: 59267L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14361 | NS      | $751511.13    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Miami International Holdings Inc        | Miami International Holdings Inc        | CUSIP: 59356Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6281 | NS      | $252873.06    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERALYS THERAPEUTICS INC              | Mineralys Therapeutics Inc              | CUSIP: 603170101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35288 | NS      | $1338120.96   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRION TECHNOLOGIES INC                 | Mirion Technologies Inc                 | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    261285 | NS      | $6077489.10   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MODINE MFG CO                           | Modine Manufacturing Co                 | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     29502 | NS      | $4194004.32   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MOOG INC                                | Moog Inc                                | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     13256 | NS      | $2752873.52   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GROCERS BY VITAMIN COTTA        | Natural Grocers by Vitamin Cottage Inc  | CUSIP: 63888U108<br>LEI: 529900P4OTXDGBUS3O87 | Long             | EC               | CORP              | US        |     17579 | NS      | $703160.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTRACKER LLC                          | NEXTracker Inc                          | CUSIP: 65290E101<br>LEI: 2138001D4HUZ48PR8M23 | Long             | EC               | CORP              | US        |     24004 | NS      | $1776055.96   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESHWORKS INC                          | Freshworks Inc                          | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |    121119 | NS      | $1425570.63   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GLAUKOS CORP                            | Glaukos Corp                            | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     37104 | NS      | $3025831.20   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBUS MEDICAL INC                      | Globus Medical Inc                      | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     23789 | NS      | $1362396.03   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GOOSEHEAD INSURANCE INC                 | Goosehead Insurance Inc                 | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     37505 | NS      | $2791122.10   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIFFON CORP                            | Griffon Corp                            | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     24952 | NS      | $1900094.80   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARDANT HEALTH INC                     | Guardant Health Inc                     | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     85320 | NS      | $5330793.60   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HAMILTON LANE INC                       | Hamilton Lane Inc                       | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     33913 | NS      | $4571133.27   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HAWKINS                                 | Hawkins Inc                             | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     21572 | NS      | $3941635.84   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHEQUITY INC                        | HealthEquity Inc                        | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     31693 | NS      | $3003545.61   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| HeartFlow Inc                           | HeartFlow Inc                           | CUSIP: 42238D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18093 | NS      | $609010.38    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HOULIHAN LOKEY INC                      | Houlihan Lokey Inc                      | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     15707 | NS      | $3224961.24   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| IRHYTHM TECHNOLOGIES INC                | iRhythm Technologies Inc                | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |     13192 | NS      | $2268892.08   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPINJ INC                              | Impinj Inc                              | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      7606 | NS      | $1374784.50   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTALLED BUILDING PRODUCTS INC         | Installed Building Products Inc         | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     18371 | NS      | $4531390.86   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| INTAPP INC                              | Intapp Inc                              | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26528 | NS      | $1084995.20   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| INTER PARFUMS INC                       | Interparfums Inc                        | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11748 | NS      | $1155768.24   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS INC               | Ionis Pharmaceuticals Inc               | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     20371 | NS      | $1332670.82   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IONQ INC                                | IonQ Inc                                | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |     16132 | NS      | $992118.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ITRON INC                               | Itron Inc                               | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     15859 | NS      | $1975397.04   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                     | Karman Holdings Inc                     | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16624 | NS      | $1200252.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAPITAL GROUP INC               | Kinsale Capital Group Inc               | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      3355 | NS      | $1426747.30   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| KRC MATERIALS INC                       | Knife River Corp                        | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15672 | NS      | $1204706.64   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| KONTOOR BRANDS INC                      | Kontoor Brands Inc                      | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     32948 | NS      | $2628261.96   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| KRYSTAL BIOTECH INC                     | Krystal Biotech Inc                     | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      4571 | NS      | $806918.63    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KURA SUSHI USA INC                      | Kura Sushi USA Inc                      | CUSIP: 501270102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17689 | NS      | $1050903.49   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORP              | Lattice Semiconductor Corp              | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     79865 | NS      | $5855701.80   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre                                | LeMaitre Vascular Inc                   | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     25297 | NS      | $2213740.47   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFE TIME GROUP HOLDINGS INC            | Life Time Group Holdings Inc            | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55537 | NS      | $1532821.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGAND PHARMACEUTICALS INC              | Ligand Pharmaceuticals Inc              | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      4073 | NS      | $721491.22    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| LIMBACH HOLDINGS INC                    | Limbach Holdings Inc                    | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |     19197 | NS      | $1864412.64   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LOAR HOLDINGS INC                       | Loar Holdings Inc                       | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73187 | NS      | $5854960.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MNTN Inc                                | MNTN Inc                                | CUSIP: 55318A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36524 | NS      | $677520.20    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR GROUP INC                           | MYR Group Inc                           | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     11433 | NS      | $2378406.99   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC | MACOM Technology Solutions Holdings Inc | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22931 | NS      | $2854680.19   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNTA PHARMACEUTICALS CORP              | Madrigal Pharmaceuticals Inc            | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |      9572 | NS      | $4390293.52   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNITE INC                             | Magnite Inc                             | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |     52328 | NS      | $1139703.84   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES CO                    | Matador Resources Co                    | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     42850 | NS      | $1925250.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MATERION CORP                           | Materion Corp                           | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     27311 | NS      | $3299441.91   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MCGRATH                                 | McGrath RentCorp                        | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |     13725 | NS      | $1609942.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MERIT MEDICAL SYST INC                  | Merit Medical Systems Inc               | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     29461 | NS      | $2452039.03   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 CO                                | WD-40 Co                                | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      5906 | NS      | $1167025.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WARBY PARKER INC                        | Warby Parker Inc                        | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47640 | NS      | $1313911.20   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WATTS WATER TECHNOLOGIES INC            | Watts Water Technologies Inc            | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      7913 | NS      | $2209942.64   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYSTAR HOLDING CORP                    | Waystar Holding Corp                    | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41967 | NS      | $1591388.64   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| WISDOMTREE INC                          | WisdomTree Inc                          | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |    143107 | NS      | $1989187.30   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLVERINE WORLD WIDE INC                | Wolverine World Wide Inc                | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     51012 | NS      | $1399769.28   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| XENON PHARMACEUTICALS INC               | Xenon Pharmaceuticals Inc               | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |     19629 | NS      | $788104.35    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ALKERMES PLC                            | Alkermes PLC                            | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    131419 | NS      | $3942570.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                                 | Bullish                                 | CUSIP: G16910120<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3737 | NS      | $237710.57    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDO TECHNOLOGY GROUP HOLDING LTD      | Credo Technology Group Holding Ltd      | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     35514 | NS      | $5171193.54   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                | Fabrinet                                | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      4570 | NS      | $1666313.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD                       | FTAI Aviation Ltd                       | CUSIP: G3730V105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     16012 | NS      | $2671762.32   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| GENIUS SPORTS LTD                       | Genius Sports Ltd                       | CUSIP: G3934V109<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |     89702 | NS      | $1110510.76   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                          | TechnipFMC PLC                          | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     97901 | NS      | $3862194.45   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMTEK LTD                              | Camtek Ltd/Israel                       | CUSIP: M20791105<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |     14132 | NS      | $1484566.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JFROG LTD                               | JFrog Ltd                               | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |    101410 | NS      | $4799735.30   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ONESPAWORLD HOLDINGS LTD                | OneSpaWorld Holdings Ltd                | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |     61566 | NS      | $1301505.24   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WAVE LIFE SCIENCES LTD                  | WaVe Life Sciences Ltd                  | CUSIP: Y95308105<br>LEI: 54930070006GPKFYZ813 | Long             | EC               | CORP              | SG        |     73250 | NS      | $536190.00    | 0.15%             |  |  |  | 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