# EDGAR Filing Document

**Accession Number:** 0000929521
**File Stem:** 0001410368-26-055090
**Filing Date:** 2026-5
**Character Count:** 56788
**Document Hash:** b12fea4259def67ab0dc17748176aece
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055090.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055090

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLUMBIA FUNDS VARIABLE SERIES TRUST
- **CENTRAL INDEX KEY:** 0000929521

**ORGANIZATION NAME:**
- **EIN:** 362692100
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08748
- **FILM NUMBER:** 261033095

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 8003456611

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WANGER ADVISORS TRUST
- **DATE OF NAME CHANGE:** 19940909

## Series and Classes Contracts Data

### Columbia Variable Portfolio - Acorn Fund (Series ID: S000008981)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000024403 | Columbia Variable Portfolio - Acorn Fund | WUSAX           |

## Nport-Ex

![](imgbcdd83ba1.jpg)

Columbia Variable Portfolio – Acorn Fund

**First Quarter Report**

March 31, 2026 (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

Columbia Variable Portfolio – Acorn Fund, March 31, 2026 (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 0.6%** | **Communication Services 0.6%** | **Communication Services 0.6%** |
| **Media 0.6%** | **Media 0.6%** | **Media 0.6%** |
| NIQ Global Intelligence PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 235122 | &nbsp;&nbsp; 2673337 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **2673337** |
| **Consumer Discretionary 10.4%** | **Consumer Discretionary 10.4%** | **Consumer Discretionary 10.4%** |
| **Automobile Components 1.6%** | **Automobile Components 1.6%** | **Automobile Components 1.6%** |
| Dorman Products, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 66205 | &nbsp;&nbsp; 6909154 |
| **Hotels, Restaurants & Leisure 4.4%** | **Hotels, Restaurants & Leisure 4.4%** | **Hotels, Restaurants & Leisure 4.4%** |
| Churchill Downs, Inc. | &nbsp;&nbsp; 103541 | &nbsp;&nbsp; 9301088 |
| Rush Street Interactive, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 121486 | &nbsp;&nbsp; 2642321 |
| Wingstop, Inc. | &nbsp;&nbsp; 46557 | &nbsp;&nbsp; 7214938 |
| Total |  | &nbsp;&nbsp; 19158347 |
| **Household Durables 4.4%** | **Household Durables 4.4%** | **Household Durables 4.4%** |
| Cavco Industries, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15999 | &nbsp;&nbsp; 7748156 |
| SharkNinja, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 46044 | &nbsp;&nbsp; 4876059 |
| TopBuild Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17770 | &nbsp;&nbsp; 6242601 |
| Total |  | &nbsp;&nbsp; 18866816 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **44934317** |
| **Consumer Staples 4.9%** | **Consumer Staples 4.9%** | **Consumer Staples 4.9%** |
| **Consumer Staples Distribution & Retail 2.4%** | **Consumer Staples Distribution & Retail 2.4%** | **Consumer Staples Distribution & Retail 2.4%** |
| BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 67446 | &nbsp;&nbsp; 6638035 |
| Sprouts Farmers Market, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 47458 | &nbsp;&nbsp; 3660436 |
| Total |  | &nbsp;&nbsp; 10298471 |
| **Household Products 1.3%** | **Household Products 1.3%** | **Household Products 1.3%** |
| WD-40 Co. | &nbsp;&nbsp; 28144 | &nbsp;&nbsp; 5739687 |
| **Personal Care Products 1.2%** | **Personal Care Products 1.2%** | **Personal Care Products 1.2%** |
| elf Beauty, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 85669 | &nbsp;&nbsp; 5192398 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **21230556** |
| **Energy 2.5%** | **Energy 2.5%** | **Energy 2.5%** |
| **Oil, Gas & Consumable Fuels 2.5%** | **Oil, Gas & Consumable Fuels 2.5%** | **Oil, Gas & Consumable Fuels 2.5%** |
| Antero Resources Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 67704 | &nbsp;&nbsp; 2873358 |
| Devon Energy Corp. | &nbsp;&nbsp; 80983 | &nbsp;&nbsp; 4075064 |
| EQT Corp. | &nbsp;&nbsp; 59825 | &nbsp;&nbsp; 3807263 |
| Total |  | &nbsp;&nbsp; 10755685 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **10755685** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financials 10.3%** | **Financials 10.3%** | **Financials 10.3%** |
| **Banks 1.8%** | **Banks 1.8%** | **Banks 1.8%** |
| Lakeland Financial Corp. | &nbsp;&nbsp; 40968 | &nbsp;&nbsp; 2350744 |
| Western Alliance Bancorp | &nbsp;&nbsp; 80667 | &nbsp;&nbsp; 5715257 |
| Total |  | &nbsp;&nbsp; 8066001 |
| **Capital Markets 7.5%** | **Capital Markets 7.5%** | **Capital Markets 7.5%** |
| Blue Owl Capital, Inc. | &nbsp;&nbsp; 267021 | &nbsp;&nbsp; 2437902 |
| Carlyle Group, Inc. (The) | &nbsp;&nbsp; 182369 | &nbsp;&nbsp; 8824836 |
| GCM Grosvenor, Inc., Class A | &nbsp;&nbsp; 841029 | &nbsp;&nbsp; 8242084 |
| Hamilton Lane, Inc., Class A | &nbsp;&nbsp; 32498 | &nbsp;&nbsp; 3230301 |
| Miami International Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 82263 | &nbsp;&nbsp; 3201676 |
| StoneX Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 79473 | &nbsp;&nbsp; 6409497 |
| Total |  | &nbsp;&nbsp; 32346296 |
| **Insurance 1.0%** | **Insurance 1.0%** | **Insurance 1.0%** |
| Ryan Specialty Holdings, Inc., Class A | &nbsp;&nbsp; 123459 | &nbsp;&nbsp; 4165507 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **44577804** |
| **Health Care 21.7%** | **Health Care 21.7%** | **Health Care 21.7%** |
| **Biotechnology 8.2%** | **Biotechnology 8.2%** | **Biotechnology 8.2%** |
| Absci Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 488126 | &nbsp;&nbsp; 1464378 |
| Annexon, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 187223 | &nbsp;&nbsp; 1037215 |
| BridgeBio Pharma, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 59706 | &nbsp;&nbsp; 4433768 |
| Insmed, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 64945 | &nbsp;&nbsp; 10619806 |
| Ionis Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 28657 | &nbsp;&nbsp; 2151854 |
| Madrigal Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5107 | &nbsp;&nbsp; 2673361 |
| Neurocrine Biosciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22209 | &nbsp;&nbsp; 2925814 |
| NewAmsterdam Pharma Co. NV<sup>(a)</sup> <br>| &nbsp;&nbsp; 69887 | &nbsp;&nbsp; 2237083 |
| Nuvalent, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 33222 | &nbsp;&nbsp; 3403594 |
| Revolution Medicines, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 26194 | &nbsp;&nbsp; 2547367 |
| Rhythm Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 24099 | &nbsp;&nbsp; 2095890 |
| Total |  | &nbsp;&nbsp; 35590130 |
| **Health Care Equipment & Supplies 2.4%** | **Health Care Equipment & Supplies 2.4%** | **Health Care Equipment & Supplies 2.4%** |
| Glaukos Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 60134 | &nbsp;&nbsp; 6474026 |
| iRhythm Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 32689 | &nbsp;&nbsp; 3857956 |
| Total |  | &nbsp;&nbsp; 10331982 |

---

Columbia Variable Portfolio – Acorn Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Acorn Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care Providers & Services 6.6%** | **Health Care Providers & Services 6.6%** | **Health Care Providers & Services 6.6%** |
| Alignment Healthcare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 311043 | &nbsp;&nbsp; 5480578 |
| Billiontoone, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 31910 | &nbsp;&nbsp; 2518975 |
| Encompass Health Corp. | &nbsp;&nbsp; 44277 | &nbsp;&nbsp; 4282914 |
| Guardant Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 58287 | &nbsp;&nbsp; 5383970 |
| HealthEquity, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 81174 | &nbsp;&nbsp; 6783711 |
| Pennant Group, Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 134426 | &nbsp;&nbsp; 4097305 |
| Total |  | &nbsp;&nbsp; 28547453 |
| **Health Care Technology 0.5%** | **Health Care Technology 0.5%** | **Health Care Technology 0.5%** |
| Doximity, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 83324 | &nbsp;&nbsp; 1941449 |
| **Life Sciences Tools & Services 3.2%** | **Life Sciences Tools & Services 3.2%** | **Life Sciences Tools & Services 3.2%** |
| Adaptive Biotechnologies Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 220905 | &nbsp;&nbsp; 3066162 |
| BioLife Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 132304 | &nbsp;&nbsp; 2524360 |
| Charles River Laboratories International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13534 | &nbsp;&nbsp; 2334615 |
| DNA Script<sup>(a),(b),(c),(d)</sup> <br>| &nbsp;&nbsp; 2550 | &nbsp;&nbsp; 212037 |
| Fortrea Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 225488 | &nbsp;&nbsp; 2124097 |
| Repligen Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 30656 | &nbsp;&nbsp; 3611890 |
| Total |  | &nbsp;&nbsp; 13873161 |
| **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** |
| Crinetics Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 48653 | &nbsp;&nbsp; 1767077 |
| Definium Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 98921 | &nbsp;&nbsp; 1869607 |
| Total |  | &nbsp;&nbsp; 3636684 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **93920859** |
| **Industrials 29.2%** | **Industrials 29.2%** | **Industrials 29.2%** |
| **Aerospace & Defense 9.9%** | **Aerospace & Defense 9.9%** | **Aerospace & Defense 9.9%** |
| Aerovironment, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29484 | &nbsp;&nbsp; 5397046 |
| Astronics Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 65299 | &nbsp;&nbsp; 4357402 |
| Axon Enterprise, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11868 | &nbsp;&nbsp; 5040221 |
| Curtiss-Wright Corp. | &nbsp;&nbsp; 12654 | &nbsp;&nbsp; 8618893 |
| FTAI Aviation Ltd. | &nbsp;&nbsp; 21121 | &nbsp;&nbsp; 5174645 |
| Karman Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 42325 | &nbsp;&nbsp; 3388116 |
| Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 45118 | &nbsp;&nbsp; 3181270 |
| VSE Corp. | &nbsp;&nbsp; 43289 | &nbsp;&nbsp; 7982492 |
| Total |  | &nbsp;&nbsp; 43140085 |
| **Building Products 2.6%** | **Building Products 2.6%** | **Building Products 2.6%** |
| Janus International Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 639734 | &nbsp;&nbsp; 3294630 |
| Modine Manufacturing Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 36412 | &nbsp;&nbsp; 7890845 |
| Total |  | &nbsp;&nbsp; 11185475 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Commercial Services & Supplies 0.6%** | **Commercial Services & Supplies 0.6%** | **Commercial Services & Supplies 0.6%** |
| Healthcare Services Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 150110 | &nbsp;&nbsp; 2784540 |
| **Construction & Engineering 3.8%** | **Construction & Engineering 3.8%** | **Construction & Engineering 3.8%** |
| MasTec, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 25188 | &nbsp;&nbsp; 8103987 |
| Sterling Infrastructure, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20746 | &nbsp;&nbsp; 8449224 |
| Total |  | &nbsp;&nbsp; 16553211 |
| **Electrical Equipment 2.1%** | **Electrical Equipment 2.1%** | **Electrical Equipment 2.1%** |
| Bloom Energy Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 55245 | &nbsp;&nbsp; 7485145 |
| Nextpower, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 13773 | &nbsp;&nbsp; 1660335 |
| Total |  | &nbsp;&nbsp; 9145480 |
| **Ground Transportation 1.1%** | **Ground Transportation 1.1%** | **Ground Transportation 1.1%** |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp; 84079 | &nbsp;&nbsp; 4841269 |
| **Machinery 4.7%** | **Machinery 4.7%** | **Machinery 4.7%** |
| Esab Corp. | &nbsp;&nbsp; 71566 | &nbsp;&nbsp; 6917570 |
| Mueller Water Products, Inc., Class A | &nbsp;&nbsp; 92913 | &nbsp;&nbsp; 2554178 |
| SPX Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 53809 | &nbsp;&nbsp; 10758571 |
| Total |  | &nbsp;&nbsp; 20230319 |
| **Professional Services 2.7%** | **Professional Services 2.7%** | **Professional Services 2.7%** |
| Parsons Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 93587 | &nbsp;&nbsp; 5069608 |
| Paylocity Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 31710 | &nbsp;&nbsp; 3425948 |
| Willdan Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 39727 | &nbsp;&nbsp; 3041499 |
| Total |  | &nbsp;&nbsp; 11537055 |
| **Trading Companies & Distributors 1.7%** | **Trading Companies & Distributors 1.7%** | **Trading Companies & Distributors 1.7%** |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp; 16367 | &nbsp;&nbsp; 4342493 |
| McGrath Rentcorp | &nbsp;&nbsp; 26258 | &nbsp;&nbsp; 2895732 |
| Total |  | &nbsp;&nbsp; 7238225 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **126655659** |
| **Information Technology 17.7%** | **Information Technology 17.7%** | **Information Technology 17.7%** |
| **Communications Equipment 3.8%** | **Communications Equipment 3.8%** | **Communications Equipment 3.8%** |
| InterDigital, Inc. | &nbsp;&nbsp; 27114 | &nbsp;&nbsp; 8188428 |
| Viavi Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 255910 | &nbsp;&nbsp; 8516685 |
| Total |  | &nbsp;&nbsp; 16705113 |
| **Electronic Equipment, Instruments & Components 4.4%** | **Electronic Equipment, Instruments & Components 4.4%** | **Electronic Equipment, Instruments & Components 4.4%** |
| Advanced Energy Industries, Inc. | &nbsp;&nbsp; 5539 | &nbsp;&nbsp; 1787491 |
| Celestica, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 33142 | &nbsp;&nbsp; 9335439 |
| Coherent Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 33315 | &nbsp;&nbsp; 7935966 |
| Total |  | &nbsp;&nbsp; 19058896 |

---

Columbia Variable Portfolio – Acorn Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Acorn Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **IT Services 0.5%** | **IT Services 0.5%** | **IT Services 0.5%** |
| Applied Digital Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 84553 | &nbsp;&nbsp; 2007288 |
| **Semiconductors & Semiconductor Equipment 4.9%** | **Semiconductors & Semiconductor Equipment 4.9%** | **Semiconductors & Semiconductor Equipment 4.9%** |
| Credo Technology Group Holding Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 28475 | &nbsp;&nbsp; 2672948 |
| Lattice Semiconductor Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 35474 | &nbsp;&nbsp; 3290568 |
| Marvell Technology, Inc. | &nbsp;&nbsp; 57115 | &nbsp;&nbsp; 5657241 |
| Semtech Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 80638 | &nbsp;&nbsp; 6200256 |
| SiTime Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9377 | &nbsp;&nbsp; 3238347 |
| Total |  | &nbsp;&nbsp; 21059360 |
| **Software 4.1%** | **Software 4.1%** | **Software 4.1%** |
| Dynatrace, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 133696 | &nbsp;&nbsp; 4944078 |
| Hut 8 Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 46397 | &nbsp;&nbsp; 2176484 |
| Monday.com Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20220 | &nbsp;&nbsp; 1397404 |
| SailPoint, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 181387 | &nbsp;&nbsp; 2401564 |
| Workiva, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 35521 | &nbsp;&nbsp; 2118117 |
| Zeta Global Holdings Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 169585 | &nbsp;&nbsp; 2699793 |
| Zscaler, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16076 | &nbsp;&nbsp; 2255302 |
| Total |  | &nbsp;&nbsp; 17992742 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **76823399** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $366,210,256) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $366,210,256) | &nbsp;&nbsp; **421571616** |

---

---

| | | |
|:---|:---|:---|
| **Exchange-Traded Equity Funds 1.6%** | **Exchange-Traded Equity Funds 1.6%** | **Exchange-Traded Equity Funds 1.6%** |
|  | **Shares** | **Value ($)** |
| **Sector 1.6%** | **Sector 1.6%** | **Sector 1.6%** |
| State Street SPDR S&P Biotech ETF | &nbsp;&nbsp; 53380 | &nbsp;&nbsp; 6818227 |
| &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $5,448,746) | &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $5,448,746) | &nbsp;&nbsp; **6818227** |
| **Money Market Funds 1.2%** | **Money Market Funds 1.2%** | **Money Market Funds 1.2%** |
| Columbia Short-Term Cash Fund, 3.790%<sup>(e),(f)</sup> <br>| &nbsp;&nbsp; 5425530 | &nbsp;&nbsp; 5423360 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $5,423,009) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $5,423,009) | &nbsp;&nbsp; **5423360** |
| **Total Investments in Securities** <br>**(Cost: $377,082,011)** | **Total Investments in Securities** <br>**(Cost: $377,082,011)** | &nbsp;&nbsp; **433813203** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(343719)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **433469484** |

---

**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 March 31, 2026, the total value of these securities amounted to $212,037, which represents 0.05% 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. At March
 31, 2026, the total market value of these securities amounted to $212,037, which represents 0.05% 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 ($)** | **Value ($)** |
| DNA Script | 10/01/2021 | &nbsp;&nbsp; 2550 | &nbsp;&nbsp; 2223535 | &nbsp;&nbsp; 212037 |

---

&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 March 31, 2026.

Columbia Variable Portfolio – Acorn Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Acorn Fund, March 31, 2026 (Unaudited)

**Notes to Portfolio of Investments (continued)**

&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 March 31, 2026 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, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% |
|  | 8364500 | &nbsp;&nbsp; 31254472 | &nbsp;&nbsp; (34195408)<br>| &nbsp;&nbsp; (204)<br>| &nbsp;&nbsp; 5423360 | &nbsp;&nbsp; (135)<br>| &nbsp;&nbsp; 66246 | &nbsp;&nbsp; 5425530 |

---

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

Columbia Variable Portfolio – Acorn Fund \| 2026

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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.

1QT7064_(05/26)

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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

- **b. Investment Company Act file number:** 811-08748

- **c. CIK number of Registrant:** 0000929521

- **d. LEI of Registrant:** 549300SGDXTPWJMBI838

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1800-345-6611

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

- **a. Name of Series:** Columbia Variable Portfolio - Acorn Fund

- **b. EDGAR series identifier (if any):** S000008981

- **c. LEI of Series:** 549300B6RP6XC27U3Q52

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $433852227.36

**Total Liabilities:** $368952.38

**Net Assets:** $433483274.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024403 | 4.78%                | -0.30%               | -8.79%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7969692.16              | $14713853.60                               |
| Month 2  | $3691770.30              | $-5172069.72                               |
| Month 3  | $-1534322.91             | $-40126302.05                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Absci Corp                                   | Absci Corp                                   | CUSIP: 00091E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    488126 | NS      | $1464378.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp                | Adaptive Biotechnologies Corp                | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |    220905 | NS      | $3066161.40   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc               | Advanced Energy Industries Inc               | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      5539 | NS      | $1787490.69   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                            | AeroVironment Inc                            | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     29484 | NS      | $5397046.20   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc                     | Alignment Healthcare Inc                     | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    311043 | NS      | $5480577.66   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Annexon Inc                                  | Annexon Inc                                  | CUSIP: 03589W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    187223 | NS      | $1037215.42   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                        | Antero Resources Corp                        | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     67704 | NS      | $2873357.76   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp                         | Applied Digital Corp                         | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |     84553 | NS      | $2007288.22   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc          | Applied Industrial Technologies Inc          | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     16367 | NS      | $4342492.44   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                               | Astronics Corp                               | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     65299 | NS      | $4357402.27   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                          | Axon Enterprise Inc                          | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     11868 | NS      | $5040220.92   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc             | BJ's Wholesale Club Holdings Inc             | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     67446 | NS      | $6638035.32   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Billiontoone Inc                             | Billiontoone Inc                             | CUSIP: 090168105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31910 | NS      | $2518975.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                        | BioLife Solutions Inc                        | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |    132304 | NS      | $2524360.32   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                            | Bloom Energy Corp                            | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     55245 | NS      | $7485145.05   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                         | Blue Owl Capital Inc                         | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    267021 | NS      | $2437901.73   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                         | Bridgebio Pharma Inc                         | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     59706 | NS      | $4433767.56   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                        | Carlyle Group Inc/The                        | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    182369 | NS      | $8824835.91   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                         | Cavco Industries Inc                         | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15999 | NS      | $7748155.71   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                                | Celestica Inc                                | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     33142 | NS      | $9335438.56   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     13534 | NS      | $2334615.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                          | Churchill Downs Inc                          | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |    103541 | NS      | $9301088.03   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                | Coherent Corp                                | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     33315 | NS      | $7935966.15   | 1.83%             |  |  |  | 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        |   5425530 | NS      | $5423359.62   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc                | Crinetics Pharmaceuticals Inc                | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     48653 | NS      | $1767076.96   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                          | Curtiss-Wright Corp                          | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     12654 | NS      | $8618892.48   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Definium Therapeutics Inc                    | Definium Therapeutics Inc                    | CUSIP: 24477V105<br>LEI: 549300QY8KN1O6RPFJ13 | Long             | EC               | CORP              | CA        |     98921 | NS      | $1869606.90   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                            | Devon Energy Corp                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     80983 | NS      | $4075064.56   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                          | Dorman Products Inc                          | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |     66205 | NS      | $6909153.80   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                                 | Doximity Inc                                 | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83324 | NS      | $1941449.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                | Dynatrace Inc                                | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |    133696 | NS      | $4944078.08   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                               | elf Beauty Inc                               | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     85669 | NS      | $5192398.09   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                     | EQT Corp                                     | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     59825 | NS      | $3807263.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                        | Encompass Health Corp                        | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     44277 | NS      | $4282914.21   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                    | Esab Corp                                    | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     71566 | NS      | $6917569.56   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortrea Holdings Inc                         | Fortrea Holdings Inc                         | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |    225488 | NS      | $2124096.96   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc                            | GCM Grosvenor Inc                            | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    841029 | NS      | $8242084.20   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                                 | Glaukos Corp                                 | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     60134 | NS      | $6474026.44   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                          | Guardant Health Inc                          | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     58287 | NS      | $5383970.19   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                            | Hamilton Lane Inc                            | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     32498 | NS      | $3230301.20   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc                | Healthcare Services Group Inc                | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    150110 | NS      | $2784540.50   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                             | HealthEquity Inc                             | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     81174 | NS      | $6783711.18   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                                   | Hut 8 Corp                                   | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |     46397 | NS      | $2176483.27   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| IRhythm Holdings Inc                         | IRhythm Holdings Inc                         | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |     32689 | NS      | $3857955.78   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                   | Insmed Inc                                   | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     64945 | NS      | $10619806.40  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                             | InterDigital Inc                             | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27114 | NS      | $8188428.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                    | Ionis Pharmaceuticals Inc                    | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     28657 | NS      | $2151854.13   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc                | Janus International Group Inc                | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    639734 | NS      | $3294630.10   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                          | Karman Holdings Inc                          | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42325 | NS      | $3388116.25   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc     | Knight-Swift Transportation Holdings Inc     | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84079 | NS      | $4841268.82   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc      | Kratos Defense & Security Solutions Inc      | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     45118 | NS      | $3181270.18   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp                      | Lakeland Financial Corp                      | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40968 | NS      | $2350743.84   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                   | Lattice Semiconductor Corp                   | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     35474 | NS      | $3290568.24   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                 | Madrigal Pharmaceuticals Inc                 | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |      5107 | NS      | $2673361.29   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                       | Marvell Technology Inc                       | CUSIP: 573874104<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | EC               | CORP              | US        |     57115 | NS      | $5657240.75   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                   | MasTec Inc                                   | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     25188 | NS      | $8103987.12   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                             | McGrath RentCorp                             | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |     26258 | NS      | $2895732.24   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Miami International Holdings Inc             | Miami International Holdings Inc             | CUSIP: 59356Q108<br>LEI: 254900TREUDBWGLAP788 | Long             | EC               | CORP              | US        |     82263 | NS      | $3201675.96   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                      | Modine Manufacturing Co                      | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     36412 | NS      | $7890844.52   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc                   | Mueller Water Products Inc                   | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     92913 | NS      | $2554178.37   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                   | Neurocrine Biosciences Inc                   | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     22209 | NS      | $2925813.66   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                                | Nextpower Inc                                | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13773 | NS      | $1660335.15   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                                 | Nuvalent Inc                                 | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33222 | NS      | $3403593.90   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                                 | Parsons Corp                                 | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |     93587 | NS      | $5069607.79   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                       | Paylocity Holding Corp                       | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     31710 | NS      | $3425948.40   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc/The                        | Pennant Group Inc/The                        | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |    134426 | NS      | $4097304.48   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                | Repligen Corp                                | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     30656 | NS      | $3611889.92   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc                     | Revolution Medicines Inc                     | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     26194 | NS      | $2547366.50   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                   | Rhythm Pharmaceuticals Inc                   | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |     24099 | NS      | $2095890.03   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Street Interactive Inc                  | Rush Street Interactive Inc                  | CUSIP: 782011100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121486 | NS      | $2642320.50   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                  | Ryan Specialty Holdings Inc                  | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123459 | NS      | $4165506.66   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR S&P Biotech ETF            | State Street SPDR S&P Biotech ETF            | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Long             | EC               | RF                | US        |     53380 | NS      | $6818227.40   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                         | SPX Technologies Inc                         | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     53809 | NS      | $10758571.46  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SailPoint Inc                                | SailPoint Inc                                | CUSIP: 78781J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181387 | NS      | $2401563.88   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                                 | Semtech Corp                                 | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     80638 | NS      | $6200255.82   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                  | SiTime Corp                                  | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9377 | NS      | $3238346.95   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                   | Sprouts Farmers Market Inc                   | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     47458 | NS      | $3660435.54   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                  | Sterling Infrastructure Inc                  | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     20746 | NS      | $8449223.42   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                             | StoneX Group Inc                             | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     79473 | NS      | $6409497.45   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                | TopBuild Corp                                | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     17770 | NS      | $6242601.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                     | VSE Corp                                     | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     43289 | NS      | $7982491.60   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                          | Viavi Solutions Inc                          | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    255910 | NS      | $8516684.80   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                                     | WD-40 Co                                     | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |     28144 | NS      | $5739687.36   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                     | Western Alliance Bancorp                     | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     80667 | NS      | $5715256.95   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc                            | Willdan Group Inc                            | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |     39727 | NS      | $3041499.12   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                 | Wingstop Inc                                 | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     46557 | NS      | $7214938.29   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                                  | Workiva Inc                                  | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     35521 | NS      | $2118117.23   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings Corp                    | Zeta Global Holdings Corp                    | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |    169585 | NS      | $2699793.20   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                  | Zscaler Inc                                  | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     16076 | NS      | $2255302.04   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DNA SCRIPT SAS                               | DNA SCRIPT SAS                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      2550 | NS      | $212037.21    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Credo Technology Group Holding Ltd           | Credo Technology Group Holding Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     28475 | NS      | $2672948.25   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                            | FTAI Aviation Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     21121 | NS      | $5174645.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NIQ Global Intelligence Plc                  | NIQ Global Intelligence Plc                  | CUSIP: 000000000<br>LEI: 529900Z0P0XAM4O3H416 | Long             | EC               | CORP              | IE        |    235122 | NS      | $2673337.14   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                               | SharkNinja Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     46044 | NS      | $4876059.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                               | Monday.com Ltd                               | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |     20220 | NS      | $1397404.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Newamsterdam Pharma Co NV                    | Newamsterdam Pharma Co NV                    | CUSIP: 000000000<br>LEI: 984500B6549TF6E14D36 | Long             | EC               | CORP              | NL        |     69887 | NS      | $2237082.87   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-04

**Name of Applicant:** COLUMBIA FUNDS VARIABLE SERIES TRUST

**Signature:** Jennifer Borges

**Name of Signer:** Jennifer Borges

**Title:** Senior Manager