# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298476
**Filing Date:** 2025-11
**Character Count:** 34541
**Document Hash:** 474185856379f5d8a24c6dec32fc8a8e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298476.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298476

**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:** 251524047

**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

### Columbia Variable Portfolio - Select Large Cap Equity Fund (Series ID: S000060079)

| Class ID   | Class Name                                                         | Ticker Symbol   |
|:---|:---|:---|
| C000196698 | Columbia Variable Portfolio - Select Large Cap Equity Fund Class 1 |  |
| C000196699 | Columbia Variable Portfolio - Select Large Cap Equity Fund Class 2 |  |

## Nport-Ex

![](imga1c2a2211.jpg)

Columbia Variable Portfolio – Select Large Cap Equity 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

Columbia Variable Portfolio – Select Large Cap Equity 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 100.0%** | **Common Stocks 100.0%** | **Common Stocks 100.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 11.1%** | **Communication Services 11.1%** | **Communication Services 11.1%** |
| **Diversified Telecommunication Services 1.7%** | **Diversified Telecommunication Services 1.7%** | **Diversified Telecommunication Services 1.7%** |
| AT&T, Inc. | &nbsp;&nbsp; 2026540 | &nbsp;&nbsp; 57229490 |
| **Interactive Media & Services 9.4%** | **Interactive Media & Services 9.4%** | **Interactive Media & Services 9.4%** |
| Alphabet, Inc., Class C | &nbsp;&nbsp; 736902 | &nbsp;&nbsp; 179472482 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp; 180926 | &nbsp;&nbsp; 132868436 |
| Total |  | &nbsp;&nbsp; 312340918 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **369570408** |
| **Consumer Discretionary 12.2%** | **Consumer Discretionary 12.2%** | **Consumer Discretionary 12.2%** |
| **Automobiles 2.0%** | **Automobiles 2.0%** | **Automobiles 2.0%** |
| General Motors Co. | &nbsp;&nbsp; 673867 | &nbsp;&nbsp; 41085671 |
| Tesla, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 59088 | &nbsp;&nbsp; 26277616 |
| Total |  | &nbsp;&nbsp; 67363287 |
| **Broadline Retail 5.0%** | **Broadline Retail 5.0%** | **Broadline Retail 5.0%** |
| Amazon.com, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 749725 | &nbsp;&nbsp; 164617118 |
| **Hotels, Restaurants & Leisure 2.4%** | **Hotels, Restaurants & Leisure 2.4%** | **Hotels, Restaurants & Leisure 2.4%** |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 143399 | &nbsp;&nbsp; 37203437 |
| Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 133125 | &nbsp;&nbsp; 43076587 |
| Total |  | &nbsp;&nbsp; 80280024 |
| **Specialty Retail 1.7%** | **Specialty Retail 1.7%** | **Specialty Retail 1.7%** |
| TJX Companies, Inc. (The) | &nbsp;&nbsp; 388878 | &nbsp;&nbsp; 56208426 |
| **Textiles, Apparel & Luxury Goods 1.1%** | **Textiles, Apparel & Luxury Goods 1.1%** | **Textiles, Apparel & Luxury Goods 1.1%** |
| NIKE, Inc., Class B | &nbsp;&nbsp; 515544 | &nbsp;&nbsp; 35948883 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **404417738** |
| **Consumer Staples 4.4%** | **Consumer Staples 4.4%** | **Consumer Staples 4.4%** |
| **Beverages 0.9%** | **Beverages 0.9%** | **Beverages 0.9%** |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp; 219609 | &nbsp;&nbsp; 29574744 |
| **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** |
| Walmart, Inc. | &nbsp;&nbsp; 566687 | &nbsp;&nbsp; 58402762 |
| **Household Products 1.7%** | **Household Products 1.7%** | **Household Products 1.7%** |
| Procter & Gamble Co. (The) | &nbsp;&nbsp; 379137 | &nbsp;&nbsp; 58254400 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **146231906** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Energy 1.5%** | **Energy 1.5%** | **Energy 1.5%** |
| **Oil, Gas & Consumable Fuels 1.5%** | **Oil, Gas & Consumable Fuels 1.5%** | **Oil, Gas & Consumable Fuels 1.5%** |
| Exxon Mobil Corp. | &nbsp;&nbsp; 437838 | &nbsp;&nbsp; 49366235 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **49366235** |
| **Financials 15.5%** | **Financials 15.5%** | **Financials 15.5%** |
| **Banks 7.4%** | **Banks 7.4%** | **Banks 7.4%** |
| Bank of America Corp. | &nbsp;&nbsp; 1411876 | &nbsp;&nbsp; 72838683 |
| Citigroup, Inc. | &nbsp;&nbsp; 661666 | &nbsp;&nbsp; 67159099 |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 339582 | &nbsp;&nbsp; 107114350 |
| Total |  | &nbsp;&nbsp; 247112132 |
| **Capital Markets 3.8%** | **Capital Markets 3.8%** | **Capital Markets 3.8%** |
| Charles Schwab Corp. (The) | &nbsp;&nbsp; 574677 | &nbsp;&nbsp; 54864413 |
| Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp; 88188 | &nbsp;&nbsp; 70228514 |
| Total |  | &nbsp;&nbsp; 125092927 |
| **Financial Services 2.4%** | **Financial Services 2.4%** | **Financial Services 2.4%** |
| MasterCard, Inc., Class A | &nbsp;&nbsp; 141999 | &nbsp;&nbsp; 80770451 |
| **Insurance 1.9%** | **Insurance 1.9%** | **Insurance 1.9%** |
| Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp; 460744 | &nbsp;&nbsp; 61458642 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **514434152** |
| **Health Care 6.9%** | **Health Care 6.9%** | **Health Care 6.9%** |
| **Biotechnology 2.0%** | **Biotechnology 2.0%** | **Biotechnology 2.0%** |
| Exact Sciences Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 376957 | &nbsp;&nbsp; 20623318 |
| Insmed, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 115415 | &nbsp;&nbsp; 16620914 |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 73896 | &nbsp;&nbsp; 28940629 |
| Total |  | &nbsp;&nbsp; 66184861 |
| **Health Care Equipment & Supplies 1.9%** | **Health Care Equipment & Supplies 1.9%** | **Health Care Equipment & Supplies 1.9%** |
| Boston Scientific Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 378093 | &nbsp;&nbsp; 36913220 |
| Intuitive Surgical, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 60341 | &nbsp;&nbsp; 26986305 |
| Total |  | &nbsp;&nbsp; 63899525 |
| **Health Care Providers & Services 1.1%** | **Health Care Providers & Services 1.1%** | **Health Care Providers & Services 1.1%** |
| Cencora, Inc. | &nbsp;&nbsp; 123118 | &nbsp;&nbsp; 38478069 |
| **Pharmaceuticals 1.9%** | **Pharmaceuticals 1.9%** | **Pharmaceuticals 1.9%** |
| Eli Lilly & Co. | &nbsp;&nbsp; 81550 | &nbsp;&nbsp; 62222650 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **230785105** |

---

Columbia Variable Portfolio – Select Large Cap Equity Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Large Cap Equity Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Industrials 8.9%** | **Industrials 8.9%** | **Industrials 8.9%** |
| **Aerospace & Defense 1.6%** | **Aerospace & Defense 1.6%** | **Aerospace & Defense 1.6%** |
| General Dynamics Corp. | &nbsp;&nbsp; 162026 | &nbsp;&nbsp; 55250866 |
| **Commercial Services & Supplies 2.5%** | **Commercial Services & Supplies 2.5%** | **Commercial Services & Supplies 2.5%** |
| Cintas Corp. | &nbsp;&nbsp; 211743 | &nbsp;&nbsp; 43462368 |
| Republic Services, Inc. | &nbsp;&nbsp; 169589 | &nbsp;&nbsp; 38917284 |
| Total |  | &nbsp;&nbsp; 82379652 |
| **Electrical Equipment 2.4%** | **Electrical Equipment 2.4%** | **Electrical Equipment 2.4%** |
| Eaton Corp. PLC | &nbsp;&nbsp; 111462 | &nbsp;&nbsp; 41714654 |
| nVent Electric PLC | &nbsp;&nbsp; 389282 | &nbsp;&nbsp; 38398776 |
| Total |  | &nbsp;&nbsp; 80113430 |
| **Machinery 2.4%** | **Machinery 2.4%** | **Machinery 2.4%** |
| Parker-Hannifin Corp. | &nbsp;&nbsp; 61602 | &nbsp;&nbsp; 46703556 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp; 449975 | &nbsp;&nbsp; 33446642 |
| Total |  | &nbsp;&nbsp; 80150198 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **297894146** |
| **Information Technology 34.0%** | **Information Technology 34.0%** | **Information Technology 34.0%** |
| **Electronic Equipment, Instruments & Components 1.8%** | **Electronic Equipment, Instruments & Components 1.8%** | **Electronic Equipment, Instruments & Components 1.8%** |
| TE Connectivity PLC | &nbsp;&nbsp; 275187 | &nbsp;&nbsp; 60411802 |
| **Semiconductors & Semiconductor Equipment 12.1%** | **Semiconductors & Semiconductor Equipment 12.1%** | **Semiconductors & Semiconductor Equipment 12.1%** |
| Broadcom, Inc. | &nbsp;&nbsp; 306841 | &nbsp;&nbsp; 101229914 |
| NVIDIA Corp. | &nbsp;&nbsp; 1603751 | &nbsp;&nbsp; 299227862 |
| Total |  | &nbsp;&nbsp; 400457776 |
| **Software 14.5%** | **Software 14.5%** | **Software 14.5%** |
| Datadog, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 123020 | &nbsp;&nbsp; 17518048 |
| Gitlab, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 317714 | &nbsp;&nbsp; 14322547 |
| Microsoft Corp. | &nbsp;&nbsp; 560254 | &nbsp;&nbsp; 290183560 |
| Oracle Corp. | &nbsp;&nbsp; 137584 | &nbsp;&nbsp; 38694124 |
| Palo Alto Networks, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 230484 | &nbsp;&nbsp; 46931152 |
| ServiceNow, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 42582 | &nbsp;&nbsp; 39187363 |
| Synopsys, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 73572 | &nbsp;&nbsp; 36299689 |
| Total |  | &nbsp;&nbsp; 483136483 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Technology Hardware, Storage & Peripherals 5.6%** | **Technology Hardware, Storage & Peripherals 5.6%** | **Technology Hardware, Storage & Peripherals 5.6%** |
| Apple, Inc. | &nbsp;&nbsp; 730345 | &nbsp;&nbsp; 185967747 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **1129973808** |
| **Real Estate 1.1%** | **Real Estate 1.1%** | **Real Estate 1.1%** |
| **Specialized REITs 1.1%** | **Specialized REITs 1.1%** | **Specialized REITs 1.1%** |
| Equinix, Inc. | &nbsp;&nbsp; 46037 | &nbsp;&nbsp; 36058020 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **36058020** |
| **Utilities 4.4%** | **Utilities 4.4%** | **Utilities 4.4%** |
| **Electric Utilities 2.4%** | **Electric Utilities 2.4%** | **Electric Utilities 2.4%** |
| Entergy Corp. | &nbsp;&nbsp; 422722 | &nbsp;&nbsp; 39393463 |
| Xcel Energy, Inc. | &nbsp;&nbsp; 484719 | &nbsp;&nbsp; 39092587 |
| Total |  | &nbsp;&nbsp; 78486050 |
| **Multi-Utilities 2.0%** | **Multi-Utilities 2.0%** | **Multi-Utilities 2.0%** |
| Ameren Corp. | &nbsp;&nbsp; 302358 | &nbsp;&nbsp; 31560128 |
| DTE Energy Co. | &nbsp;&nbsp; 247757 | &nbsp;&nbsp; 35040273 |
| Total |  | &nbsp;&nbsp; 66600401 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **145086451** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,817,633,302) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,817,633,302) | &nbsp;&nbsp; **3323817969** |
| **Money Market Funds 0.2%** | **Money Market Funds 0.2%** | **Money Market Funds 0.2%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 5409108 | &nbsp;&nbsp; 5407485 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $5,405,950) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $5,405,950) | &nbsp;&nbsp; **5407485** |
| **Total Investments in Securities** <br>**(Cost: $1,823,039,252)** | **Total Investments in Securities** <br>**(Cost: $1,823,039,252)** | &nbsp;&nbsp; **3329225454** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(5460392)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **3323765062** |

---

Columbia Variable Portfolio – Select Large Cap Equity Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Large Cap Equity Fund, September 30, 2025 (Unaudited)

**Notes to Portfolio of Investments** 

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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% |
|  | 27938626 | &nbsp;&nbsp; 327147583 | &nbsp;&nbsp; (349678390)<br>| &nbsp;&nbsp; (334)<br>| &nbsp;&nbsp; 5407485 | &nbsp;&nbsp; (4920)<br>| &nbsp;&nbsp; 785441 | &nbsp;&nbsp; 5409108 |

---

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 – Select Large Cap Equity 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.

3QT7071_12_D01_(11/25)

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Columbia Variable Portfolio - Select Large Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000060079

- **c. LEI of Series:** 5493009NIHICHA98JS47

**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:** $3330511884.00

**Total Liabilities:** $198973.30

**Net Assets:** $3330312910.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196698 | 3.92%                | 1.23%                | 2.28%                |
| Class ID C000196699 | 3.91%                | 1.22%                | 2.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $44142008.07             | $81710201.08                               |
| Month 2  | $9728178.89              | $29372019.14                               |
| Month 3  | $4808265.98              | $68017132.45                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T INC                      | AT&T Inc                         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   2026540 | NS      | $57229489.60  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                  | Alphabet Inc                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    736902 | NS      | $179472482.10 | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                | Amazon.com Inc                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    749725 | NS      | $164617118.25 | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION            | Ameren Corp                      | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    302358 | NS      | $31560128.04  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                   | Cencora Inc                      | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    123118 | NS      | $38478068.54  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                     | Apple Inc                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    730345 | NS      | $185967747.35 | 5.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP          | Bank of America Corp             | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1411876 | NS      | $72838682.84  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP        | Boston Scientific Corp           | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    378093 | NS      | $36913219.59  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                  | Broadcom Inc                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    306841 | NS      | $101229914.31 | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                   | Cintas Corp                      | CUSIP: 172908105<br>LEI: 549300E27V6N4OJCJ944 | Long             | EC               | CORP              | US        |    211743 | NS      | $43462368.18  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                 | Citigroup Inc                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    661666 | NS      | $67159099.00  | 2.02%             |  |  |  | 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        |   5409108 | NS      | $5407485.29   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC      | Constellation Brands Inc         | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    219609 | NS      | $29574744.03  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORP           | Exact Sciences Corp              | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |    376957 | NS      | $20623317.47  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP              | Exxon Mobil Corp                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    437838 | NS      | $49366234.50  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC            | Meta Platforms Inc               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    180926 | NS      | $132868435.88 | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORP         | General Dynamics Corp            | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |    162026 | NS      | $55250866.00  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS CO             | General Motors Co                | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    673867 | NS      | $41085670.99  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GITLAB INC                    | Gitlab Inc                       | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |    317714 | NS      | $14322547.12  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE   | Goldman Sachs Group Inc/The      | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     88188 | NS      | $70228513.80  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD INSURANCE GROUP INC  | Hartford Insurance Group Inc/The | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    460744 | NS      | $61458642.16  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY            | DTE Energy Co                    | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    247757 | NS      | $35040272.51  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC                   | Datadog Inc                      | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    123020 | NS      | $17518048.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP                  | Entergy Corp                     | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    422722 | NS      | $39393463.18  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC | Hilton Worldwide Holdings Inc    | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    143399 | NS      | $37203436.56  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INSMED                        | Insmed Inc                       | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    115415 | NS      | $16620914.15  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SRGCAL              | Intuitive Surgical Inc           | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     60341 | NS      | $26986305.43  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO           | JPMorgan Chase & Co              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    339582 | NS      | $107114350.26 | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND COMPANY         | Eli Lilly & Co                   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     81550 | NS      | $62222650.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                | Mastercard Inc                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    141999 | NS      | $80770451.19  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                | Microsoft Corp                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    560254 | NS      | $290183559.30 | 8.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE INC                      | NIKE Inc                         | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    515544 | NS      | $35948883.12  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                   | Equinix Inc                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     46037 | NS      | $36058019.88  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                | ServiceNow Inc                   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     42582 | NS      | $39187362.96  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| STANLEY BLACK & DECKER INC    | Stanley Black & Decker Inc       | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    449975 | NS      | $33446641.75  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                  | Synopsys Inc                     | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     73572 | NS      | $36299689.08  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC             | TJX Cos Inc/The                  | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    388878 | NS      | $56208426.12  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                     | Tesla Inc                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     59088 | NS      | $26277615.36  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                   | NVIDIA Corp                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1603751 | NS      | $299227861.58 | 8.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORPORATION            | Oracle Corp                      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    137584 | NS      | $38694124.16  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARM INC              | Vertex Pharmaceuticals Inc       | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     73896 | NS      | $28940629.44  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                   | Walmart Inc                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    566687 | NS      | $58402762.22  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| XCEL ENERGY INC               | Xcel Energy Inc                  | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    484719 | NS      | $39092587.35  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS INC        | Palo Alto Networks Inc           | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    230484 | NS      | $46931152.08  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER HANNIFIN CORPORATION   | Parker-Hannifin Corp             | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     61602 | NS      | $46703556.30  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO           | Procter & Gamble Co/The          | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    379137 | NS      | $58254400.05  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC         | Republic Services Inc            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    169589 | NS      | $38917283.72  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP           | Charles Schwab Corp/The          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    574677 | NS      | $54864413.19  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORPORATION PLC         | Eaton Corp PLC                   | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |    111462 | NS      | $41714653.50  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NVENT ELECTRIC PLC            | nVent Electric PLC               | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    389282 | NS      | $38398776.48  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PLC           | TE Connectivity PLC              | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |    275187 | NS      | $60411802.11  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD   | Royal Caribbean Cruises Ltd      | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |    133125 | NS      | $43076587.50  | 1.29%             |  |  |  | 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