# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001410368-26-055054
**Filing Date:** 2026-5
**Character Count:** 42960
**Document Hash:** ef2f8a2804fc334b864b5957dc713bb7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055054.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055054

**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 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:** 261033051

**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 Mid Cap Growth Fund (Series ID: S000019846)

| Class ID   | Class Name                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000055683 | Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 3 |  |
| C000088769 | Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 1 |  |
| C000088770 | Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 2 |  |

## Nport-Ex

![](imgc123a79e1.jpg)

Columbia Variable Portfolio – Select Mid Cap Growth 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 – Select Mid Cap Growth 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 99.3%** | **Common Stocks 99.3%** | **Common Stocks 99.3%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 9.3%** | **Communication Services 9.3%** | **Communication Services 9.3%** |
| **Entertainment 8.6%** | **Entertainment 8.6%** | **Entertainment 8.6%** |
| Live Nation Entertainment, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22245 | &nbsp;&nbsp; 3392585 |
| Roblox Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 69096 | &nbsp;&nbsp; 3908070 |
| Roku, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 72451 | &nbsp;&nbsp; 6855314 |
| Spotify Technology SA<sup>(a)</sup> <br>| &nbsp;&nbsp; 12117 | &nbsp;&nbsp; 5875654 |
| Take-Two Interactive Software, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 66677 | &nbsp;&nbsp; 13168707 |
| TKO Group Holdings, Inc. | &nbsp;&nbsp; 25646 | &nbsp;&nbsp; 5171516 |
| Total |  | &nbsp;&nbsp; 38371846 |
| **Interactive Media & Services 0.7%** | **Interactive Media & Services 0.7%** | **Interactive Media & Services 0.7%** |
| Reddit, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 22890 | &nbsp;&nbsp; 3082139 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **41453985** |
| **Consumer Discretionary 18.0%** | **Consumer Discretionary 18.0%** | **Consumer Discretionary 18.0%** |
| **Hotels, Restaurants & Leisure 10.5%** | **Hotels, Restaurants & Leisure 10.5%** | **Hotels, Restaurants & Leisure 10.5%** |
| Cava Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 96005 | &nbsp;&nbsp; 7766804 |
| DoorDash, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 39100 | &nbsp;&nbsp; 5870865 |
| DraftKings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 105530 | &nbsp;&nbsp; 2281559 |
| Expedia Group, Inc. | &nbsp;&nbsp; 16345 | &nbsp;&nbsp; 3773897 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 20491 | &nbsp;&nbsp; 6230903 |
| Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 30753 | &nbsp;&nbsp; 8462611 |
| Viking Holdings Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 95054 | &nbsp;&nbsp; 6984568 |
| Wynn Resorts Ltd. | &nbsp;&nbsp; 53251 | &nbsp;&nbsp; 5407639 |
| Total |  | &nbsp;&nbsp; 46778846 |
| **Household Durables 2.1%** | **Household Durables 2.1%** | **Household Durables 2.1%** |
| SharkNinja, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 87628 | &nbsp;&nbsp; 9279805 |
| **Specialty Retail 3.2%** | **Specialty Retail 3.2%** | **Specialty Retail 3.2%** |
| Gap, Inc. (The) | &nbsp;&nbsp; 296661 | &nbsp;&nbsp; 7179196 |
| Ross Stores, Inc. | &nbsp;&nbsp; 32142 | &nbsp;&nbsp; 6962922 |
| Total |  | &nbsp;&nbsp; 14142118 |
| **Textiles, Apparel & Luxury Goods 2.2%** | **Textiles, Apparel & Luxury Goods 2.2%** | **Textiles, Apparel & Luxury Goods 2.2%** |
| Tapestry, Inc. | &nbsp;&nbsp; 71231 | &nbsp;&nbsp; 10051406 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **80252175** |
| **Consumer Staples 3.4%** | **Consumer Staples 3.4%** | **Consumer Staples 3.4%** |
| **Beverages 1.1%** | **Beverages 1.1%** | **Beverages 1.1%** |
| Celsius Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 141416 | &nbsp;&nbsp; 5017440 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Consumer Staples Distribution & Retail 2.3%** | **Consumer Staples Distribution & Retail 2.3%** | **Consumer Staples Distribution & Retail 2.3%** |
| Casey's General Stores, Inc. | &nbsp;&nbsp; 13868 | &nbsp;&nbsp; 10093962 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **15111402** |
| **Energy 4.1%** | **Energy 4.1%** | **Energy 4.1%** |
| **Energy Equipment & Services 0.9%** | **Energy Equipment & Services 0.9%** | **Energy Equipment & Services 0.9%** |
| TechnipFMC PLC | &nbsp;&nbsp; 59258 | &nbsp;&nbsp; 4096505 |
| **Oil, Gas & Consumable Fuels 3.2%** | **Oil, Gas & Consumable Fuels 3.2%** | **Oil, Gas & Consumable Fuels 3.2%** |
| Phillips 66 | &nbsp;&nbsp; 24625 | &nbsp;&nbsp; 4486183 |
| Targa Resources Corp. | &nbsp;&nbsp; 39021 | &nbsp;&nbsp; 9783735 |
| Total |  | &nbsp;&nbsp; 14269918 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **18366423** |
| **Financials 1.4%** | **Financials 1.4%** | **Financials 1.4%** |
| **Capital Markets 0.9%** | **Capital Markets 0.9%** | **Capital Markets 0.9%** |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp; 13680 | &nbsp;&nbsp; 4115354 |
| **Financial Services 0.5%** | **Financial Services 0.5%** | **Financial Services 0.5%** |
| Rocket Companies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 159470 | &nbsp;&nbsp; 2272448 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **6387802** |
| **Health Care 11.8%** | **Health Care 11.8%** | **Health Care 11.8%** |
| **Biotechnology 4.6%** | **Biotechnology 4.6%** | **Biotechnology 4.6%** |
| Argenx SE, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 10061 | &nbsp;&nbsp; 7347045 |
| Ascendis Pharma A/S ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 16601 | &nbsp;&nbsp; 3797147 |
| Insmed, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 32719 | &nbsp;&nbsp; 5350211 |
| Natera, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19864 | &nbsp;&nbsp; 3972601 |
| Total |  | &nbsp;&nbsp; 20467004 |
| **Health Care Equipment & Supplies 3.0%** | **Health Care Equipment & Supplies 3.0%** | **Health Care Equipment & Supplies 3.0%** |
| DexCom, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 108484 | &nbsp;&nbsp; 6812795 |
| IDEXX Laboratories, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11551 | &nbsp;&nbsp; 6490392 |
| Total |  | &nbsp;&nbsp; 13303187 |
| **Health Care Providers & Services 3.5%** | **Health Care Providers & Services 3.5%** | **Health Care Providers & Services 3.5%** |
| Cardinal Health, Inc. | &nbsp;&nbsp; 54337 | &nbsp;&nbsp; 11481952 |
| Guardant Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 42922 | &nbsp;&nbsp; 3964705 |
| Total |  | &nbsp;&nbsp; 15446657 |
| **Health Care Technology 0.7%** | **Health Care Technology 0.7%** | **Health Care Technology 0.7%** |
| Veeva Systems Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 19076 | &nbsp;&nbsp; 3350890 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **52567738** |

---

Columbia Variable Portfolio – Select Mid Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Mid Cap Growth Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Industrials 30.3%** | **Industrials 30.3%** | **Industrials 30.3%** |
| **Aerospace & Defense 15.3%** | **Aerospace & Defense 15.3%** | **Aerospace & Defense 15.3%** |
| ATI, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 30726 | &nbsp;&nbsp; 4469404 |
| Axon Enterprise, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 12623 | &nbsp;&nbsp; 5360862 |
| BWX Technologies, Inc. | &nbsp;&nbsp; 20848 | &nbsp;&nbsp; 4263207 |
| Carpenter Technology Corp. | &nbsp;&nbsp; 23528 | &nbsp;&nbsp; 9273561 |
| FTAI Aviation Ltd. | &nbsp;&nbsp; 21821 | &nbsp;&nbsp; 5346145 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp; 64767 | &nbsp;&nbsp; 14926203 |
| Karman Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 70006 | &nbsp;&nbsp; 5603980 |
| Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 24165 | &nbsp;&nbsp; 1703874 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp; 24451 | &nbsp;&nbsp; 8439263 |
| Rocket Lab Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 70038 | &nbsp;&nbsp; 4497840 |
| Woodward, Inc. | &nbsp;&nbsp; 12218 | &nbsp;&nbsp; 4373067 |
| Total |  | &nbsp;&nbsp; 68257406 |
| **Construction & Engineering 3.5%** | **Construction & Engineering 3.5%** | **Construction & Engineering 3.5%** |
| Comfort Systems U.S.A., Inc. | &nbsp;&nbsp; 7890 | &nbsp;&nbsp; 10880231 |
| Quanta Services, Inc. | &nbsp;&nbsp; 8323 | &nbsp;&nbsp; 4569494 |
| Total |  | &nbsp;&nbsp; 15449725 |
| **Electrical Equipment 6.0%** | **Electrical Equipment 6.0%** | **Electrical Equipment 6.0%** |
| Bloom Energy Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 36915 | &nbsp;&nbsp; 5001613 |
| Vertiv Holdings Co. | &nbsp;&nbsp; 87712 | &nbsp;&nbsp; 21978873 |
| Total |  | &nbsp;&nbsp; 26980486 |
| **Ground Transportation 1.5%** | **Ground Transportation 1.5%** | **Ground Transportation 1.5%** |
| XPO, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 34129 | &nbsp;&nbsp; 6639797 |
| **Machinery 2.0%** | **Machinery 2.0%** | **Machinery 2.0%** |
| RBC Bearings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16633 | &nbsp;&nbsp; 9033715 |
| **Trading Companies & Distributors 2.0%** | **Trading Companies & Distributors 2.0%** | **Trading Companies & Distributors 2.0%** |
| Ferguson Enterprises, Inc. | &nbsp;&nbsp; 15480 | &nbsp;&nbsp; 3610865 |
| SiteOne Landscape Supply, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 41856 | &nbsp;&nbsp; 5571452 |
| Total |  | &nbsp;&nbsp; 9182317 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **135543446** |
| **Information Technology 18.2%** | **Information Technology 18.2%** | **Information Technology 18.2%** |
| **Communications Equipment 2.5%** | **Communications Equipment 2.5%** | **Communications Equipment 2.5%** |
| Lumentum Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16155 | &nbsp;&nbsp; 11353088 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **IT Services 5.4%** | **IT Services 5.4%** | **IT Services 5.4%** |
| Cloudflare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 73200 | &nbsp;&nbsp; 15104088 |
| DigitalOcean Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 63542 | &nbsp;&nbsp; 5450632 |
| MongoDB, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14118 | &nbsp;&nbsp; 3455663 |
| Total |  | &nbsp;&nbsp; 24010383 |
| **Semiconductors & Semiconductor Equipment 4.7%** | **Semiconductors & Semiconductor Equipment 4.7%** | **Semiconductors & Semiconductor Equipment 4.7%** |
| Kioxia Holdings Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 62400 | &nbsp;&nbsp; 8149447 |
| Microchip Technology, Inc. | &nbsp;&nbsp; 69247 | &nbsp;&nbsp; 4474049 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp; 7696 | &nbsp;&nbsp; 8414421 |
| Total |  | &nbsp;&nbsp; 21037917 |
| **Software 4.5%** | **Software 4.5%** | **Software 4.5%** |
| Datadog, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 69434 | &nbsp;&nbsp; 8196684 |
| Guidewire Software, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15487 | &nbsp;&nbsp; 2316236 |
| Hut 8 Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 202553 | &nbsp;&nbsp; 9501761 |
| Total |  | &nbsp;&nbsp; 20014681 |
| **Technology Hardware, Storage & Peripherals 1.1%** | **Technology Hardware, Storage & Peripherals 1.1%** | **Technology Hardware, Storage & Peripherals 1.1%** |
| Sandisk Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7674 | &nbsp;&nbsp; 4875599 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **81291668** |
| **Materials 0.8%** | **Materials 0.8%** | **Materials 0.8%** |
| **Chemicals 0.8%** | **Chemicals 0.8%** | **Chemicals 0.8%** |
| RPM International, Inc. | &nbsp;&nbsp; 36244 | &nbsp;&nbsp; 3602654 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **3602654** |
| **Utilities 2.0%** | **Utilities 2.0%** | **Utilities 2.0%** |
| **Independent Power and Renewable Electricity Producers 2.0%** | **Independent Power and Renewable Electricity Producers 2.0%** | **Independent Power and Renewable Electricity Producers 2.0%** |
| Vistra Corp. | &nbsp;&nbsp; 59673 | &nbsp;&nbsp; 8970642 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **8970642** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $401,278,286) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $401,278,286) | &nbsp;&nbsp; **443547935** |
| **Money Market Funds 1.8%** | **Money Market Funds 1.8%** | **Money Market Funds 1.8%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.790%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 8208348 | &nbsp;&nbsp; 8205064 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $8,205,144) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $8,205,144) | &nbsp;&nbsp; **8205064** |
| **Total Investments in Securities** <br>**(Cost: $409,483,430)** | **Total Investments in Securities** <br>**(Cost: $409,483,430)** | &nbsp;&nbsp; **451752999** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(5112859)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **446640140** |

---

Columbia Variable Portfolio – Select Mid Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Mid Cap Growth Fund, March 31, 2026 (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 March 31, 2026.

&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 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% |
|  | 3780431 | &nbsp;&nbsp; 80250481 | &nbsp;&nbsp; (75825768)<br>| &nbsp;&nbsp; (80)<br>| &nbsp;&nbsp; 8205064 | &nbsp;&nbsp; (1658)<br>| &nbsp;&nbsp; 74910 | &nbsp;&nbsp; 8208348 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

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

Columbia Variable Portfolio – Select Mid Cap Growth 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.

1QT7017_(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 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:** 02210

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

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

- **a. Name of Series:** Columbia Variable Portfolio - Select Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000019846

- **c. LEI of Series:** MJJ6HQKY6EKNMH3U4K47

**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:** $447227081.07

**Total Liabilities:** $212569.71

**Net Assets:** $447014511.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055683 | 2.02%                | 2.49%                | -7.53%               |
| Class ID C000088769 | 2.01%                | 2.50%                | -7.50%               |
| Class ID C000088770 | 1.99%                | 2.47%                | -7.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9377719.54              | $461650.58                                 |
| Month 2  | $-345241.40              | $12289681.54                               |
| Month 3  | $-5462844.06             | $-30851496.14                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AeroVironment Inc                       | AeroVironment Inc                       | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     21945 | NS      | $4017032.25   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                 | ATI Inc                                 | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     15727 | NS      | $2287649.42   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                               | Argenx SE                               | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |     10061 | NS      | $7347045.25   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                     | Ascendis Pharma A/S                     | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     16601 | NS      | $3797146.73   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                     | Axon Enterprise Inc                     | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     12623 | NS      | $5360861.87   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                    | BWX Technologies Inc                    | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     20848 | NS      | $4263207.52   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                       | Bloom Energy Corp                       | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     29956 | NS      | $4058738.44   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                     | Cardinal Health Inc                     | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     54337 | NS      | $11481951.47  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp               | Carpenter Technology Corp               | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     23528 | NS      | $9273561.20   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc              | Casey's General Stores Inc              | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     15366 | NS      | $11184296.76  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                          | Cava Group Inc                          | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96005 | NS      | $7766804.50   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                    | Celsius Holdings Inc                    | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141416 | NS      | $5017439.68   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                          | Cloudflare Inc                          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     67231 | NS      | $13872444.54  | 3.10%             |  |  |  | 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        |   8208348 | NS      | $8205064.35   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                 | Comfort Systems USA Inc                 | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      7890 | NS      | $10880231.10  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                             | Datadog Inc                             | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     69434 | NS      | $8196683.70   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                              | Dexcom Inc                              | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    108484 | NS      | $6812795.20   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc               | DigitalOcean Holdings Inc               | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     37332 | NS      | $3202338.96   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                            | DoorDash Inc                            | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     39100 | NS      | $5870865.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                          | DraftKings Inc                          | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    105530 | NS      | $2281558.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                       | Expedia Group Inc                       | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |     12575 | NS      | $2903441.75   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                | Ferguson Enterprises Inc                | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     15480 | NS      | $3610864.80   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                             | Gap Inc/The                             | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    296661 | NS      | $7179196.20   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                     | Guardant Health Inc                     | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     42922 | NS      | $3964705.14   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                  | Guidewire Software Inc                  | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     15487 | NS      | $2316235.72   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc           | Hilton Worldwide Holdings Inc           | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     20491 | NS      | $6230903.28   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                    | Howmet Aerospace Inc                    | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     64767 | NS      | $14926202.82  | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                              | Hut 8 Corp                              | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |    187856 | NS      | $8812324.96   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                  | IDEXX Laboratories Inc                  | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     11551 | NS      | $6490391.39   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                      | Ingersoll Rand Inc                      | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     27499 | NS      | $2203219.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                              | Insmed Inc                              | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     32719 | NS      | $5350210.88   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                     | Karman Holdings Inc                     | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56333 | NS      | $4509456.65   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc | Kratos Defense & Security Solutions Inc | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     24165 | NS      | $1703874.15   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc              | LPL Financial Holdings Inc              | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     13680 | NS      | $4115354.40   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc               | L3Harris Technologies Inc               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     23324 | NS      | $8050278.60   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc           | Live Nation Entertainment Inc           | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     22245 | NS      | $3392584.95   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                   | Lumentum Holdings Inc                   | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     12668 | NS      | $8902563.68   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                | Microchip Technology Inc                | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     69247 | NS      | $4474048.67   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                             | MongoDB Inc                             | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     14118 | NS      | $3455662.86   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc            | Monolithic Power Systems Inc            | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      7696 | NS      | $8414421.60   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                              | Natera Inc                              | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     19864 | NS      | $3972601.36   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                             | Phillips 66                             | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     32884 | NS      | $5990807.12   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                     | Quanta Services Inc                     | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      8323 | NS      | $4569493.46   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                   | RPM International Inc                   | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     36244 | NS      | $3602653.60   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                        | RBC Bearings Inc                        | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16633 | NS      | $9033714.96   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                              | Reddit Inc                              | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |     22890 | NS      | $3082138.50   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                             | ROBLOX Corp                             | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |     69096 | NS      | $3908069.76   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                          | Rocket Cos Inc                          | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159470 | NS      | $2272447.50   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                         | Rocket Lab Corp                         | CUSIP: 773121108<br>LEI: 254900LNRW7906KUMM93 | Long             | EC               | CORP              | US        |     70038 | NS      | $4497840.36   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                                | Roku Inc                                | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |     72451 | NS      | $6855313.62   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                         | Ross Stores Inc                         | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     32142 | NS      | $6962921.46   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                         | Sandisk Corp/DE                         | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7674 | NS      | $4875599.16   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc            | SiteOne Landscape Supply Inc            | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     41856 | NS      | $5571452.16   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                  | TKO Group Holdings Inc                  | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25646 | NS      | $5171515.90   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc       | Take-Two Interactive Software Inc       | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     66677 | NS      | $13168707.50  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                            | Tapestry Inc                            | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     69389 | NS      | $9791481.79   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                    | Targa Resources Corp                    | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     39021 | NS      | $9783735.33   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                       | Veeva Systems Inc                       | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     19076 | NS      | $3350890.16   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                      | Vertiv Holdings Co                      | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     87712 | NS      | $21978872.96  | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                             | Vistra Corp                             | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     59673 | NS      | $8970642.09   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                            | Woodward Inc                            | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     12218 | NS      | $4373066.56   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd                        | Wynn Resorts Ltd                        | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |     53251 | NS      | $5407639.05   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                 | XPO Inc                                 | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     34129 | NS      | $6639796.95   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kioxia Holdings Corp                    | Kioxia Holdings Corp                    | CUSIP: 000000000<br>LEI: 35380080RTKRARNH4R73 | Long             | EC               | CORP              | JP        |     62400 | NS      | $8149446.76   | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| FTAI Aviation Ltd                       | FTAI Aviation Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     19271 | NS      | $4721395.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                          | SharkNinja Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     83333 | NS      | $8824964.70   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                          | TechnipFMC PLC                          | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     59258 | NS      | $4096505.54   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                     | Viking Holdings Ltd                     | CUSIP: 000000000<br>LEI: 52990032GOPN7BVQMN13 | Long             | EC               | CORP              | BM        |     95054 | NS      | $6984567.92   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                   | Spotify Technology SA                   | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     12117 | NS      | $5875654.47   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd             | Royal Caribbean Cruises Ltd             | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     30753 | NS      | $8462610.54   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Jennifer Borges

**Name of Signer:** Jennifer Borges

**Title:** Senior Manager