# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001410368-26-055106
**Filing Date:** 2026-5
**Character Count:** 63807
**Document Hash:** 5f856c19e5a68b1cecfdf144ce98e79f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055106.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055106

**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:** 261033111

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

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

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

## Series and Classes Contracts Data

### Variable Portfolio - Partners Core Equity Fund (Series ID: S000019859)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000055696 | Variable Portfolio - Partners Core Equity Fund Class 3 |  |
| C000088789 | Variable Portfolio - Partners Core Equity Fund Class 1 |  |
| C000088790 | Variable Portfolio - Partners Core Equity Fund Class 2 |  |

## Nport-Ex

![](img8228b11b1.jpg)

Variable Portfolio – Partners Core Equity 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

Variable Portfolio – Partners Core Equity 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 99.7%** | **Common Stocks 99.7%** | **Common Stocks 99.7%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 9.7%** | **Communication Services 9.7%** | **Communication Services 9.7%** |
| **Entertainment 1.6%** | **Entertainment 1.6%** | **Entertainment 1.6%** |
| Netflix, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 133928 | &nbsp;&nbsp; 12877177 |
| Walt Disney Co. (The) | &nbsp;&nbsp; 200806 | &nbsp;&nbsp; 19353683 |
| Total |  | &nbsp;&nbsp; 32230860 |
| **Interactive Media & Services 7.5%** | **Interactive Media & Services 7.5%** | **Interactive Media & Services 7.5%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 172760 | &nbsp;&nbsp; 49678865 |
| Alphabet, Inc., Class C | &nbsp;&nbsp; 206465 | &nbsp;&nbsp; 59226550 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp; 78182 | &nbsp;&nbsp; 44730268 |
| Total |  | &nbsp;&nbsp; 153635683 |
| **Wireless Telecommunication Services 0.6%** | **Wireless Telecommunication Services 0.6%** | **Wireless Telecommunication Services 0.6%** |
| T-Mobile US, Inc. | &nbsp;&nbsp; 64635 | &nbsp;&nbsp; 13575289 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **199441832** |
| **Consumer Discretionary 11.7%** | **Consumer Discretionary 11.7%** | **Consumer Discretionary 11.7%** |
| **Automobiles 0.6%** | **Automobiles 0.6%** | **Automobiles 0.6%** |
| Tesla, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 33788 | &nbsp;&nbsp; 12560689 |
| **Broadline Retail 3.7%** | **Broadline Retail 3.7%** | **Broadline Retail 3.7%** |
| Amazon.com, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 365456 | &nbsp;&nbsp; 76113521 |
| **Hotels, Restaurants & Leisure 3.0%** | **Hotels, Restaurants & Leisure 3.0%** | **Hotels, Restaurants & Leisure 3.0%** |
| Airbnb, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 6314000 |
| Booking Holdings, Inc. | &nbsp;&nbsp; 2428 | &nbsp;&nbsp; 10222657 |
| Chipotle Mexican Grill, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 100329 | &nbsp;&nbsp; 3211531 |
| DoorDash, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 27698 | &nbsp;&nbsp; 4158855 |
| Marriott International, Inc., Class A | &nbsp;&nbsp; 12025 | &nbsp;&nbsp; 3933017 |
| McDonald's Corp. | &nbsp;&nbsp; 109597 | &nbsp;&nbsp; 34061652 |
| Total |  | &nbsp;&nbsp; 61901712 |
| **Household Durables 0.4%** | **Household Durables 0.4%** | **Household Durables 0.4%** |
| PulteGroup, Inc. | &nbsp;&nbsp; 64454 | &nbsp;&nbsp; 7580435 |
| **Specialty Retail 4.0%** | **Specialty Retail 4.0%** | **Specialty Retail 4.0%** |
| AutoZone, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2995 | &nbsp;&nbsp; 10116451 |
| Lowe's Companies, Inc. | &nbsp;&nbsp; 171255 | &nbsp;&nbsp; 40464131 |
| O'Reilly Automotive, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 59262 | &nbsp;&nbsp; 5470475 |
| TJX Companies, Inc. (The) | &nbsp;&nbsp; 74978 | &nbsp;&nbsp; 11973987 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Tractor Supply Co. | &nbsp;&nbsp; 122700 | &nbsp;&nbsp; 5558310 |
| Ulta Beauty, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 18139 | &nbsp;&nbsp; 9481437 |
| Total |  | &nbsp;&nbsp; 83064791 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **241221148** |
| **Consumer Staples 4.0%** | **Consumer Staples 4.0%** | **Consumer Staples 4.0%** |
| **Beverages 0.6%** | **Beverages 0.6%** | **Beverages 0.6%** |
| Coca-Cola Co. (The) | &nbsp;&nbsp; 169991 | &nbsp;&nbsp; 12927815 |
| **Consumer Staples Distribution & Retail 1.7%** | **Consumer Staples Distribution & Retail 1.7%** | **Consumer Staples Distribution & Retail 1.7%** |
| Dollar Tree, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 62362 | &nbsp;&nbsp; 6829262 |
| U.S. Foods Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 90832 | &nbsp;&nbsp; 8375619 |
| Walmart, Inc. | &nbsp;&nbsp; 166078 | &nbsp;&nbsp; 20640174 |
| Total |  | &nbsp;&nbsp; 35845055 |
| **Food Products 0.9%** | **Food Products 0.9%** | **Food Products 0.9%** |
| Mondelez International, Inc., Class A | &nbsp;&nbsp; 317504 | &nbsp;&nbsp; 18300931 |
| **Household Products 0.8%** | **Household Products 0.8%** | **Household Products 0.8%** |
| Procter & Gamble Co. (The) | &nbsp;&nbsp; 112766 | &nbsp;&nbsp; 16287921 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **83361722** |
| **Energy 4.1%** | **Energy 4.1%** | **Energy 4.1%** |
| **Energy Equipment & Services 1.9%** | **Energy Equipment & Services 1.9%** | **Energy Equipment & Services 1.9%** |
| Baker Hughes Co. | &nbsp;&nbsp; 297330 | &nbsp;&nbsp; 18151997 |
| SLB Ltd. | &nbsp;&nbsp; 201803 | &nbsp;&nbsp; 10370656 |
| TechnipFMC PLC | &nbsp;&nbsp; 135203 | &nbsp;&nbsp; 9346583 |
| Total |  | &nbsp;&nbsp; 37869236 |
| **Oil, Gas & Consumable Fuels 2.2%** | **Oil, Gas & Consumable Fuels 2.2%** | **Oil, Gas & Consumable Fuels 2.2%** |
| Canadian Natural Resources Ltd. | &nbsp;&nbsp; 139300 | &nbsp;&nbsp; 6788089 |
| ConocoPhillips Co. | &nbsp;&nbsp; 163224 | &nbsp;&nbsp; 21545568 |
| EQT Corp. | &nbsp;&nbsp; 118400 | &nbsp;&nbsp; 7534976 |
| Valero Energy Corp. | &nbsp;&nbsp; 39389 | &nbsp;&nbsp; 9732234 |
| Total |  | &nbsp;&nbsp; 45600867 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **83470103** |

---

Variable Portfolio – Partners Core Equity Fund \| 2026

------

Portfolio of Investments (continued)

Variable Portfolio – Partners Core Equity Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financials 13.2%** | **Financials 13.2%** | **Financials 13.2%** |
| **Banks 3.7%** | **Banks 3.7%** | **Banks 3.7%** |
| Bank of America Corp. | &nbsp;&nbsp; 375403 | &nbsp;&nbsp; 18300896 |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 69522 | &nbsp;&nbsp; 20450591 |
| U.S. Bancorp | &nbsp;&nbsp; 88005 | &nbsp;&nbsp; 4577140 |
| Wells Fargo & Co. | &nbsp;&nbsp; 402237 | &nbsp;&nbsp; 32022088 |
| Total |  | &nbsp;&nbsp; 75350715 |
| **Capital Markets 2.8%** | **Capital Markets 2.8%** | **Capital Markets 2.8%** |
| Blackstone, Inc. | &nbsp;&nbsp; 101467 | &nbsp;&nbsp; 11667690 |
| Charles Schwab Corp. (The) | &nbsp;&nbsp; 85316 | &nbsp;&nbsp; 8017998 |
| Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp; 13889 | &nbsp;&nbsp; 11749955 |
| Morgan Stanley | &nbsp;&nbsp; 104003 | &nbsp;&nbsp; 17115774 |
| Tradeweb Markets, Inc., Class A | &nbsp;&nbsp; 70536 | &nbsp;&nbsp; 8299266 |
| Total |  | &nbsp;&nbsp; 56850683 |
| **Consumer Finance 1.6%** | **Consumer Finance 1.6%** | **Consumer Finance 1.6%** |
| American Express Co. | &nbsp;&nbsp; 112542 | &nbsp;&nbsp; 34041704 |
| **Financial Services 2.7%** | **Financial Services 2.7%** | **Financial Services 2.7%** |
| MasterCard, Inc., Class A | &nbsp;&nbsp; 59657 | &nbsp;&nbsp; 29808217 |
| Visa, Inc., Class A | &nbsp;&nbsp; 86088 | &nbsp;&nbsp; 26019237 |
| Total |  | &nbsp;&nbsp; 55827454 |
| **Insurance 2.4%** | **Insurance 2.4%** | **Insurance 2.4%** |
| Arthur J Gallagher & Co. | &nbsp;&nbsp; 83743 | &nbsp;&nbsp; 18137059 |
| Chubb Ltd. | &nbsp;&nbsp; 35057 | &nbsp;&nbsp; 11426128 |
| Progressive Corp. (The) | &nbsp;&nbsp; 98740 | &nbsp;&nbsp; 19574218 |
| Total |  | &nbsp;&nbsp; 49137405 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **271207961** |
| **Health Care 9.6%** | **Health Care 9.6%** | **Health Care 9.6%** |
| **Biotechnology 3.6%** | **Biotechnology 3.6%** | **Biotechnology 3.6%** |
| AbbVie, Inc. | &nbsp;&nbsp; 149998 | &nbsp;&nbsp; 32623065 |
| Gilead Sciences, Inc. | &nbsp;&nbsp; 106101 | &nbsp;&nbsp; 14787296 |
| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp; 23845 | &nbsp;&nbsp; 18423601 |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17195 | &nbsp;&nbsp; 7678255 |
| Total |  | &nbsp;&nbsp; 73512217 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care Equipment & Supplies 2.4%** | **Health Care Equipment & Supplies 2.4%** | **Health Care Equipment & Supplies 2.4%** |
| Boston Scientific Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 73969 | &nbsp;&nbsp; 4641555 |
| Edwards Lifesciences Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 118954 | &nbsp;&nbsp; 9525837 |
| Medtronic PLC | &nbsp;&nbsp; 141351 | &nbsp;&nbsp; 12248064 |
| STERIS PLC | &nbsp;&nbsp; 39101 | &nbsp;&nbsp; 8646404 |
| Stryker Corp. | &nbsp;&nbsp; 46358 | &nbsp;&nbsp; 15232775 |
| Total |  | &nbsp;&nbsp; 50294635 |
| **Health Care Providers & Services 2.0%** | **Health Care Providers & Services 2.0%** | **Health Care Providers & Services 2.0%** |
| Cencora, Inc. | &nbsp;&nbsp; 34754 | &nbsp;&nbsp; 10917621 |
| Encompass Health Corp. | &nbsp;&nbsp; 68400 | &nbsp;&nbsp; 6616332 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp; 54468 | &nbsp;&nbsp; 10674639 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp; 47827 | &nbsp;&nbsp; 12941508 |
| Total |  | &nbsp;&nbsp; 41150100 |
| **Health Care Technology 0.3%** | **Health Care Technology 0.3%** | **Health Care Technology 0.3%** |
| Veeva Systems Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 29800 | &nbsp;&nbsp; 5234668 |
| **Life Sciences Tools & Services 0.4%** | **Life Sciences Tools & Services 0.4%** | **Life Sciences Tools & Services 0.4%** |
| Mettler-Toledo International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6899 | &nbsp;&nbsp; 8701019 |
| **Pharmaceuticals 0.9%** | **Pharmaceuticals 0.9%** | **Pharmaceuticals 0.9%** |
| Eli Lilly & Co. | &nbsp;&nbsp; 19607 | &nbsp;&nbsp; 18033930 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **196926569** |
| **Industrials 9.5%** | **Industrials 9.5%** | **Industrials 9.5%** |
| **Aerospace & Defense 1.7%** | **Aerospace & Defense 1.7%** | **Aerospace & Defense 1.7%** |
| General Electric Co. | &nbsp;&nbsp; 16425 | &nbsp;&nbsp; 4660922 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp; 52821 | &nbsp;&nbsp; 12173128 |
| Northrop Grumman Corp. | &nbsp;&nbsp; 26122 | &nbsp;&nbsp; 17821473 |
| Total |  | &nbsp;&nbsp; 34655523 |
| **Building Products 1.0%** | **Building Products 1.0%** | **Building Products 1.0%** |
| Carrier Global Corp. | &nbsp;&nbsp; 66784 | &nbsp;&nbsp; 3760607 |
| Trane Technologies PLC | &nbsp;&nbsp; 37241 | &nbsp;&nbsp; 15519814 |
| Total |  | &nbsp;&nbsp; 19280421 |
| **Commercial Services & Supplies 0.4%** | **Commercial Services & Supplies 0.4%** | **Commercial Services & Supplies 0.4%** |
| Republic Services, Inc. | &nbsp;&nbsp; 36163 | &nbsp;&nbsp; 7920420 |
| **Electrical Equipment 1.0%** | **Electrical Equipment 1.0%** | **Electrical Equipment 1.0%** |
| Eaton Corp. PLC | &nbsp;&nbsp; 48538 | &nbsp;&nbsp; 17360586 |
| Emerson Electric Co. | &nbsp;&nbsp; 20500 | &nbsp;&nbsp; 2685910 |
| Total |  | &nbsp;&nbsp; 20046496 |

---

Variable Portfolio – Partners Core Equity Fund \| 2026

------

Portfolio of Investments (continued)

Variable Portfolio – Partners Core Equity Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Ground Transportation 1.0%** | **Ground Transportation 1.0%** | **Ground Transportation 1.0%** |
| CSX Corp. | &nbsp;&nbsp; 268500 | &nbsp;&nbsp; 11021925 |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp; 49367 | &nbsp;&nbsp; 9646312 |
| Total |  | &nbsp;&nbsp; 20668237 |
| **Machinery 3.7%** | **Machinery 3.7%** | **Machinery 3.7%** |
| Caterpillar, Inc. | &nbsp;&nbsp; 20643 | &nbsp;&nbsp; 14624740 |
| Deere & Co. | &nbsp;&nbsp; 39890 | &nbsp;&nbsp; 22470037 |
| Ingersoll Rand, Inc. | &nbsp;&nbsp; 68100 | &nbsp;&nbsp; 5456172 |
| Otis Worldwide Corp. | &nbsp;&nbsp; 77200 | &nbsp;&nbsp; 5950576 |
| Parker-Hannifin Corp. | &nbsp;&nbsp; 13027 | &nbsp;&nbsp; 11662292 |
| Pentair PLC | &nbsp;&nbsp; 102222 | &nbsp;&nbsp; 8904558 |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp; 29558 | &nbsp;&nbsp; 7386840 |
| Total |  | &nbsp;&nbsp; 76455215 |
| **Professional Services 0.3%** | **Professional Services 0.3%** | **Professional Services 0.3%** |
| Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp; 85160 | &nbsp;&nbsp; 6645035 |
| **Trading Companies & Distributors 0.4%** | **Trading Companies & Distributors 0.4%** | **Trading Companies & Distributors 0.4%** |
| United Rentals, Inc. | &nbsp;&nbsp; 12207 | &nbsp;&nbsp; 8893532 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **194564879** |
| **Information Technology 31.3%** | **Information Technology 31.3%** | **Information Technology 31.3%** |
| **Communications Equipment 0.3%** | **Communications Equipment 0.3%** | **Communications Equipment 0.3%** |
| Cisco Systems, Inc. | &nbsp;&nbsp; 79900 | &nbsp;&nbsp; 6199441 |
| **Electronic Equipment, Instruments & Components 1.4%** | **Electronic Equipment, Instruments & Components 1.4%** | **Electronic Equipment, Instruments & Components 1.4%** |
| Amphenol Corp., Class A | &nbsp;&nbsp; 71526 | &nbsp;&nbsp; 9037310 |
| Keysight Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 51390 | &nbsp;&nbsp; 14510994 |
| TE Connectivity PLC | &nbsp;&nbsp; 29577 | &nbsp;&nbsp; 6182185 |
| Total |  | &nbsp;&nbsp; 29730489 |
| **Semiconductors & Semiconductor Equipment 15.1%** | **Semiconductors & Semiconductor Equipment 15.1%** | **Semiconductors & Semiconductor Equipment 15.1%** |
| Advanced Micro Devices, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 57300 | &nbsp;&nbsp; 11656539 |
| Analog Devices, Inc. | &nbsp;&nbsp; 41473 | &nbsp;&nbsp; 13194220 |
| ASML Holding NV | &nbsp;&nbsp; 6215 | &nbsp;&nbsp; 8208959 |
| Broadcom, Inc. | &nbsp;&nbsp; 211222 | &nbsp;&nbsp; 65375321 |
| KLA Corp. | &nbsp;&nbsp; 7615 | &nbsp;&nbsp; 11212402 |
| Micron Technology, Inc. | &nbsp;&nbsp; 31203 | &nbsp;&nbsp; 10541622 |
| NVIDIA Corp. | &nbsp;&nbsp; 1001628 | &nbsp;&nbsp; 174683923 |
| NXP Semiconductors NV | &nbsp;&nbsp; 80894 | &nbsp;&nbsp; 15924793 |
| Total |  | &nbsp;&nbsp; 310797779 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Software 6.9%** | **Software 6.9%** | **Software 6.9%** |
| Intuit, Inc. | &nbsp;&nbsp; 41631 | &nbsp;&nbsp; 18000412 |
| Microsoft Corp. | &nbsp;&nbsp; 270200 | &nbsp;&nbsp; 100019934 |
| Oracle Corp. | &nbsp;&nbsp; 100526 | &nbsp;&nbsp; 14788380 |
| PTC, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 56684 | &nbsp;&nbsp; 8076903 |
| ServiceNow, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10446 | &nbsp;&nbsp; 1092129 |
| Total |  | &nbsp;&nbsp; 141977758 |
| **Technology Hardware, Storage & Peripherals 7.6%** | **Technology Hardware, Storage & Peripherals 7.6%** | **Technology Hardware, Storage & Peripherals 7.6%** |
| Apple, Inc. | &nbsp;&nbsp; 582464 | &nbsp;&nbsp; 147823538 |
| Western Digital Corp. | &nbsp;&nbsp; 28312 | &nbsp;&nbsp; 7658113 |
| Total |  | &nbsp;&nbsp; 155481651 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **644187118** |
| **Materials 2.4%** | **Materials 2.4%** | **Materials 2.4%** |
| **Chemicals 0.6%** | **Chemicals 0.6%** | **Chemicals 0.6%** |
| Linde PLC | &nbsp;&nbsp; 25635 | &nbsp;&nbsp; 12708808 |
| **Construction Materials 0.8%** | **Construction Materials 0.8%** | **Construction Materials 0.8%** |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp; 9900 | &nbsp;&nbsp; 5827932 |
| Vulcan Materials Co. | &nbsp;&nbsp; 38895 | &nbsp;&nbsp; 10591108 |
| Total |  | &nbsp;&nbsp; 16419040 |
| **Containers & Packaging 1.0%** | **Containers & Packaging 1.0%** | **Containers & Packaging 1.0%** |
| Ball Corp. | &nbsp;&nbsp; 149922 | &nbsp;&nbsp; 8861889 |
| Packaging Corp. of America | &nbsp;&nbsp; 52780 | &nbsp;&nbsp; 11200972 |
| Total |  | &nbsp;&nbsp; 20062861 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **49190709** |
| **Real Estate 1.5%** | **Real Estate 1.5%** | **Real Estate 1.5%** |
| **Health Care REITs 0.4%** | **Health Care REITs 0.4%** | **Health Care REITs 0.4%** |
| Welltower, Inc. | &nbsp;&nbsp; 48568 | &nbsp;&nbsp; 9602379 |
| **Industrial REITs 0.4%** | **Industrial REITs 0.4%** | **Industrial REITs 0.4%** |
| Prologis, Inc. | &nbsp;&nbsp; 63270 | &nbsp;&nbsp; 8363029 |
| **Residential REITs 0.4%** | **Residential REITs 0.4%** | **Residential REITs 0.4%** |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp; 123375 | &nbsp;&nbsp; 7701067 |
| **Specialized REITs 0.3%** | **Specialized REITs 0.3%** | **Specialized REITs 0.3%** |
| Public Storage | &nbsp;&nbsp; 23400 | &nbsp;&nbsp; 6338592 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **32005067** |

---

Variable Portfolio – Partners Core Equity Fund \| 2026

------

Portfolio of Investments (continued)

Variable Portfolio – Partners Core Equity Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Utilities 2.7%** | **Utilities 2.7%** | **Utilities 2.7%** |
| **Electric Utilities 2.7%** | **Electric Utilities 2.7%** | **Electric Utilities 2.7%** |
| Entergy Corp. | &nbsp;&nbsp; 98382 | &nbsp;&nbsp; 11054202 |
| NextEra Energy, Inc. | &nbsp;&nbsp; 268101 | &nbsp;&nbsp; 24901221 |
| Southern Co. (The) | &nbsp;&nbsp; 212683 | &nbsp;&nbsp; 20528163 |
| Total |  | &nbsp;&nbsp; 56483586 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **56483586** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,743,494,019) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,743,494,019) | &nbsp;&nbsp; **2052060694** |

---

---

| | | |
|:---|:---|:---|
| **Money Market Funds 0.3%** | **Money Market Funds 0.3%** | **Money Market Funds 0.3%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.790%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 5898591 | &nbsp;&nbsp; 5896232 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $5,896,339) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $5,896,339) | &nbsp;&nbsp; **5896232** |
| **Total Investments in Securities** <br>**(Cost: $1,749,390,358)** | **Total Investments in Securities** <br>**(Cost: $1,749,390,358)** | &nbsp;&nbsp; **2057956926** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(448481)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **2057508445** |

---

**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% |
|  | 13999411 | &nbsp;&nbsp; 70446202 | &nbsp;&nbsp; (78549332)<br>| &nbsp;&nbsp; (49)<br>| &nbsp;&nbsp; 5896232 | &nbsp;&nbsp; 665 | &nbsp;&nbsp; 91795 | &nbsp;&nbsp; 5898591 |

---

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

Variable Portfolio – Partners Core Equity Fund \| 2026

------

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

1QT7053_(05/26)

------

## 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:** Variable Portfolio - Partners Core Equity Fund

- **b. EDGAR series identifier (if any):** S000019859

- **c. LEI of Series:** 549300CPXWIBRIYNXP44

**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:** $2058128620.48

**Total Liabilities:** $446907.20

**Net Assets:** $2057681713.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055696 | 0.84%                | -0.52%               | -5.65%               |
| Class ID C000088789 | 0.84%                | -0.53%               | -5.64%               |
| Class ID C000088790 | 0.81%                | -0.53%               | -5.66%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $13052464.92             | $4544321.53                                |
| Month 2  | $11603405.47             | $-24203916.40                              |
| Month 3  | $21318543.82             | $-145277993.71                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie Inc                               | AbbVie Inc                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    149998 | NS      | $32623065.02  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc               | Advanced Micro Devices Inc               | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     57300 | NS      | $11656539.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                               | Airbnb Inc                               | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     50000 | NS      | $6314000.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    206465 | NS      | $59226549.90  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    172760 | NS      | $49678865.60  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                           | Amazon.com Inc                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    365456 | NS      | $76113521.12  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                      | American Express Co                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    112542 | NS      | $34041704.16  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                              | Cencora Inc                              | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     34754 | NS      | $10917621.56  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                            | Amphenol Corp                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     75627 | NS      | $9555471.45   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                       | Analog Devices Inc                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     41473 | NS      | $13194220.22  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                | Apple Inc                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    582464 | NS      | $147823538.56 | 7.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                             | AutoZone Inc                             | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      2995 | NS      | $10116451.10  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                          | Baker Hughes Co                          | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    297330 | NS      | $18151996.50  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                | Ball Corp                                | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    149922 | NS      | $8861889.42   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                     | Bank of America Corp                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    375403 | NS      | $18300896.25  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                           | Blackstone Inc                           | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     89981 | NS      | $10346915.19  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                     | Booking Holdings Inc                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2428 | NS      | $10222656.96  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp         | Booz Allen Hamilton Holding Corp         | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     85160 | NS      | $6645034.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                   | Boston Scientific Corp                   | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     73969 | NS      | $4641554.75   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                             | Broadcom Inc                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    211222 | NS      | $65375321.22  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                 | CSX Corp                                 | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    268500 | NS      | $11021925.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd           | Canadian Natural Resources Ltd           | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    139300 | NS      | $6788089.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                      | Carrier Global Corp                      | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     66784 | NS      | $3760607.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                          | Caterpillar Inc                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     20643 | NS      | $14624739.78  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc               | Chipotle Mexican Grill Inc               | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |    109184 | NS      | $3494979.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                        | Cisco Systems Inc                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     79900 | NS      | $6199441.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                         | Coca-Cola Co/The                         | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    169991 | NS      | $12927815.55  | 0.63%             |  |  |  | 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        |   5898591 | NS      | $5896231.99   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                           | ConocoPhillips                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    163224 | NS      | $21545568.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                               | Deere & Co                               | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     39890 | NS      | $22470037.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                       | Walt Disney Co/The                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    200806 | NS      | $19353682.28  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                          | Dollar Tree Inc                          | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     62362 | NS      | $6829262.62   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                             | DoorDash Inc                             | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     27698 | NS      | $4158854.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                 | EQT Corp                                 | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    118400 | NS      | $7534976.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                | Edwards Lifesciences Corp                | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |    118954 | NS      | $9525836.32   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                      | Emerson Electric Co                      | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     10620 | NS      | $1391432.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                    | Encompass Health Corp                    | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     68400 | NS      | $6616332.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                             | Entergy Corp                             | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     98382 | NS      | $11054201.52  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc          | Equity LifeStyle Properties Inc          | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |    123375 | NS      | $7701067.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms Inc                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     77147 | NS      | $44138113.11  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                  | Arthur J Gallagher & Co                  | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     83743 | NS      | $18137058.94  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                      | General Electric Co                      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     21013 | NS      | $5962859.01   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                      | Gilead Sciences Inc                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    106101 | NS      | $14787296.37  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The              | Goldman Sachs Group Inc/The              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     13889 | NS      | $11749955.11  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                     | Howmet Aerospace Inc                     | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     52821 | NS      | $12173127.66  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                       | Ingersoll Rand Inc                       | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     68100 | NS      | $5456172.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                               | Intuit Inc                               | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     39353 | NS      | $17015450.14  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                      | JPMorgan Chase & Co                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     69522 | NS      | $20450591.52  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                 | KLA Corp                                 | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      7615 | NS      | $11212402.15  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                | Keysight Technologies Inc                | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     51390 | NS      | $14510994.30  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                           | Eli Lilly & Co                           | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     19607 | NS      | $18033930.39  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                           | Lowe's Cos Inc                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    171255 | NS      | $40464131.40  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD            | Marriott International Inc/MD            | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     12025 | NS      | $3933016.75   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc            | Martin Marietta Materials Inc            | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      9900 | NS      | $5827932.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                           | Mastercard Inc                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     59657 | NS      | $29808216.62  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                          | McDonald's Corp                          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    109597 | NS      | $34061651.63  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc         | Mettler-Toledo International Inc         | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      6899 | NS      | $8701018.80   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                           | Microsoft Corp                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    270200 | NS      | $100019934.00 | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                    | Micron Technology Inc                    | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     20575 | NS      | $6951058.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc               | Mondelez International Inc               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    317504 | NS      | $18300930.56  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley                           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    104003 | NS      | $17115773.71  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                              | Netflix Inc                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    133928 | NS      | $12877177.20  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                       | NextEra Energy Inc                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    268101 | NS      | $24901220.88  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                    | Northrop Grumman Corp                    | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     26122 | NS      | $17821473.28  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                              | NVIDIA Corp                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1001628 | NS      | $174683923.20 | 8.49%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                  | O'Reilly Automotive Inc                  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     59262 | NS      | $5470475.22   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc            | Old Dominion Freight Line Inc            | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     49367 | NS      | $9646311.80   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                              | Oracle Corp                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    100526 | NS      | $14788379.86  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                      | Otis Worldwide Corp                      | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     77200 | NS      | $5950576.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                  | PTC Inc                                  | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     56684 | NS      | $8076903.16   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                | Packaging Corp of America                | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     52780 | NS      | $11200971.60  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                     | Parker-Hannifin Corp                     | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     13027 | NS      | $11662291.48  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                  | Procter & Gamble Co/The                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    112766 | NS      | $16287921.04  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                     | Progressive Corp/The                     | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     98740 | NS      | $19574217.60  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                             | Prologis Inc                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |     63270 | NS      | $8363028.60   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                           | Public Storage                           | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     23400 | NS      | $6338592.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                           | PulteGroup Inc                           | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64454 | NS      | $7580434.94   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                    | Quest Diagnostics Inc                    | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     54468 | NS      | $10674638.64  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc            | Regeneron Pharmaceuticals Inc            | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     23845 | NS      | $18423600.80  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                    | Republic Services Inc                    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     36163 | NS      | $7920420.26   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                                  | SLB Ltd                                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    201803 | NS      | $10370656.17  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                  | Charles Schwab Corp/The                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     85316 | NS      | $8017997.68   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                           | ServiceNow Inc                           | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     42092 | NS      | $4400718.60   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                          | Southern Co/The                          | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    212683 | NS      | $20528163.16  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                             | Stryker Corp                             | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     46358 | NS      | $15232775.22  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                          | TJX Cos Inc/The                          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     74978 | NS      | $11973986.60  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                          | T-Mobile US Inc                          | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     64635 | NS      | $13575289.05  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                | Tesla Inc                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     35163 | NS      | $13071845.25  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                        | Tractor Supply Co                        | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    122700 | NS      | $5558310.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                     | Tradeweb Markets Inc                     | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70536 | NS      | $8299265.76   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                               | US Bancorp                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     88005 | NS      | $4577140.05   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                          | Ulta Beauty Inc                          | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     18139 | NS      | $9481436.69   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                       | United Rentals Inc                       | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     12207 | NS      | $8893531.92   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                    | US Foods Holding Corp                    | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     90832 | NS      | $8375618.72   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                   | UnitedHealth Group Inc                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     47827 | NS      | $12941507.93  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                       | Valero Energy Corp                       | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     39389 | NS      | $9732234.12   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                        | Veeva Systems Inc                        | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     29800 | NS      | $5234668.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc               | Vertex Pharmaceuticals Inc               | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     17195 | NS      | $7678255.30   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                 | Visa Inc                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     86088 | NS      | $26019237.12  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                      | Vulcan Materials Co                      | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     38895 | NS      | $10591108.50  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp | Westinghouse Air Brake Technologies Corp | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     29558 | NS      | $7386839.78   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                              | Walmart Inc                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    166078 | NS      | $20640173.84  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                         | Wells Fargo & Co                         | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    402237 | NS      | $32022087.57  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                            | Welltower Inc                            | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |     48568 | NS      | $9602379.28   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                     | Western Digital Corp                     | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     30253 | NS      | $8183133.97   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                           | Eaton Corp PLC                           | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     48538 | NS      | $17360586.46  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                | Linde PLC                                | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     25635 | NS      | $12708807.60  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                            | Medtronic PLC                            | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    141351 | NS      | $12248064.15  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                              | Pentair PLC                              | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |    102222 | NS      | $8904558.42   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                               | STERIS PLC                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     39101 | NS      | $8646404.13   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                      | TE Connectivity PLC                      | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     29577 | NS      | $6182184.54   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                           | TechnipFMC PLC                           | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    135203 | NS      | $9346583.39   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                   | Trane Technologies PLC                   | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     37241 | NS      | $15519814.34  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                | Chubb Ltd                                | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     35057 | NS      | $11426128.01  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                          | ASML Holding NV                          | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      6215 | NS      | $8208958.45   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                    | NXP Semiconductors NV                    | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     83501 | NS      | $16438006.86  | 0.80%             |  |  |  | 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