Columbia Intrinsic Value Fund
Third Quarter Report
February 28, 2026 (Unaudited)
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Not FDIC or NCUA Insured
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No Financial Institution Guarantee
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May Lose Value
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Portfolio of Investments
Columbia Intrinsic Value Fund, February 28, 2026 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
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Common Stocks 95.8%
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Issuer
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Shares
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Value ($)
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Communication Services 6.5%
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Diversified Telecommunication Services 1.0%
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Verizon Communications, Inc.
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590,888
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29,627,124
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Entertainment 1.6%
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Walt Disney Co. (The)
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432,970
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45,912,139
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Interactive Media & Services 3.0%
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Alphabet, Inc., Class A
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274,243
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85,497,998
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Wireless Telecommunication Services 0.9%
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T-Mobile US, Inc.
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125,700
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27,288,213
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Total Communication Services
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188,325,474
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Consumer Discretionary 4.1%
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Broadline Retail 2.2%
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Amazon.com, Inc.(a)
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305,700
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64,197,000
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Specialty Retail 1.9%
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Gap, Inc. (The)
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922,900
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25,878,116
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Lowe’s Companies, Inc.
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108,805
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28,786,539
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Total
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54,664,655
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Total Consumer Discretionary
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118,861,655
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Consumer Staples 8.6%
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Beverages 2.8%
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Coca-Cola Co. (The)
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619,000
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50,485,640
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Constellation Brands, Inc., Class A
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185,468
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29,277,978
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Total
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79,763,618
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Consumer Staples Distribution & Retail 2.0%
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Walmart, Inc.
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455,186
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58,241,049
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Household Products 1.4%
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Colgate-Palmolive Co.
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425,700
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42,203,898
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Tobacco 2.4%
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Philip Morris International, Inc.
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367,500
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68,660,025
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Total Consumer Staples
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248,868,590
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Common Stocks (continued)
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Issuer
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Shares
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Value ($)
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Energy 6.6%
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Oil, Gas & Consumable Fuels 6.6%
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EOG Resources, Inc.
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244,000
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30,275,520
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EQT Corp.
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489,900
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30,089,658
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Exxon Mobil Corp.
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547,700
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83,524,250
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Valero Energy Corp.
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225,500
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46,146,320
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Total
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190,035,748
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Total Energy
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190,035,748
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Financials 19.2%
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Banks 7.7%
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Citigroup, Inc.
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481,300
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53,034,447
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JPMorgan Chase & Co.
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332,100
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99,729,630
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M&T Bank Corp.
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151,700
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32,915,866
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PNC Financial Services Group, Inc. (The)
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172,525
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36,635,684
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Total
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222,315,627
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Capital Markets 5.5%
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Bank of New York Mellon Corp. (The)
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438,200
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52,189,620
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Goldman Sachs Group, Inc. (The)
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54,400
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46,760,608
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KKR & Co., Inc., Class A
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206,100
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18,070,848
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Morgan Stanley
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251,600
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41,893,916
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Total
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158,914,992
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Consumer Finance 0.5%
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Capital One Financial Corp.
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73,555
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14,390,300
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Financial Services 3.0%
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Berkshire Hathaway, Inc., Class B(a)
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126,500
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63,876,175
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MasterCard, Inc., Class A
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43,500
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22,498,635
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Total
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86,374,810
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Insurance 2.5%
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Chubb Ltd.
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128,700
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43,868,682
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Marsh & McLennan Companies, Inc.
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147,200
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27,488,128
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Total
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71,356,810
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Total Financials
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553,352,539
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2
Columbia Intrinsic Value Fund | 2026
Portfolio of Investments (continued)
Columbia Intrinsic Value Fund, February 28, 2026 (Unaudited)
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Common Stocks (continued)
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Issuer
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Shares
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Value ($)
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Health Care 12.0%
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Biotechnology 2.2%
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BioMarin Pharmaceutical, Inc.(a)
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322,500
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19,907,925
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Vertex Pharmaceuticals, Inc.(a)
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89,100
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44,267,553
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Total
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64,175,478
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Health Care Providers & Services 5.0%
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Centene Corp.(a)
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854,400
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38,345,472
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Cigna Group (The)
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125,700
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36,430,374
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CVS Health Corp.
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180,158
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14,394,624
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Tenet Healthcare Corp.(a)
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108,096
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25,877,102
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UnitedHealth Group, Inc.
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96,800
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28,388,536
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Total
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143,436,108
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Life Sciences Tools & Services 1.6%
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Thermo Fisher Scientific, Inc.
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91,000
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47,421,010
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Pharmaceuticals 3.2%
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Bristol-Myers Squibb Co.
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728,900
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45,461,493
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Merck & Co., Inc.
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373,200
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46,209,624
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Total
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91,671,117
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Total Health Care
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346,703,713
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Industrials 15.5%
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Aerospace & Defense 3.5%
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Boeing Co. (The)(a)
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236,600
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53,833,598
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Northrop Grumman Corp.
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65,500
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47,446,890
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Total
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101,280,488
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Air Freight & Logistics 0.7%
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FedEx Corp.
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55,387
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21,434,769
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Building Products 1.1%
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Trane Technologies PLC
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66,000
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30,513,120
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Electrical Equipment 2.1%
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nVent Electric PLC
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511,500
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60,541,140
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Ground Transportation 1.2%
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Norfolk Southern Corp.
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113,600
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35,754,464
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Industrial Conglomerates 1.2%
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3M Co.
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212,000
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35,047,840
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Machinery 5.7%
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Cummins, Inc.
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68,500
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39,995,095
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Ingersoll Rand, Inc.
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399,100
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37,571,274
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Common Stocks (continued)
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Issuer
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Shares
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Value ($)
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Parker-Hannifin Corp.
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46,000
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46,422,280
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Stanley Black & Decker, Inc.
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462,800
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40,027,572
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Total
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164,016,221
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Total Industrials
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448,588,042
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Information Technology 11.0%
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Electronic Equipment, Instruments & Components 1.9%
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Corning, Inc.
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351,589
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52,871,954
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IT Services 1.9%
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EPAM Systems, Inc.(a)
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390,833
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55,107,453
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Semiconductors & Semiconductor Equipment 4.0%
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Broadcom, Inc.
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120,408
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38,476,376
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Lam Research Corp.
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332,400
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77,745,036
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Total
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116,221,412
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Software 2.6%
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Microsoft Corp.
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81,200
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31,890,488
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Salesforce, Inc.
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222,332
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43,308,050
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Total
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75,198,538
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Technology Hardware, Storage & Peripherals 0.6%
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Dell Technologies, Inc.
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116,381
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17,233,699
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Total Information Technology
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316,633,056
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Materials 3.9%
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Chemicals 2.9%
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Linde PLC
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100,800
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51,214,464
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PPG Industries, Inc.
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256,800
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31,655,736
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Total
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82,870,200
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Metals & Mining 1.0%
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Freeport-McMoRan, Inc.
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419,369
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28,550,641
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Total Materials
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111,420,841
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Real Estate 3.0%
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Health Care REITs 1.7%
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Welltower, Inc.
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235,200
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48,714,624
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Specialized REITs 1.3%
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Equinix, Inc.
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38,100
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37,119,306
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Total Real Estate
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85,833,930
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Columbia Intrinsic Value Fund | 2026
3
Portfolio of Investments (continued)
Columbia Intrinsic Value Fund, February 28, 2026 (Unaudited)
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Common Stocks (continued)
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Issuer
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Shares
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Value ($)
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Utilities 5.4%
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Electric Utilities 3.3%
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Entergy Corp.
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476,300
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51,016,493
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Xcel Energy, Inc.
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542,200
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45,197,792
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Total
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96,214,285
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Independent Power and Renewable Electricity Producers 0.7%
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AES Corp. (The)
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1,195,090
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20,651,155
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Multi-Utilities 1.4%
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Ameren Corp.
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355,900
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40,316,352
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Total Utilities
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157,181,792
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Total Common Stocks
(Cost $1,532,230,621)
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2,765,805,380
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Money Market Funds 3.0%
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Shares
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Value ($)
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Columbia Short-Term Cash Fund, 3.777%(b),(c)
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86,665,578
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86,648,245
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Total Money Market Funds
(Cost $86,638,181)
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86,648,245
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Total Investments in Securities
(Cost: $1,618,868,802)
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2,852,453,625
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Other Assets & Liabilities, Net
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35,929,107
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Net Assets
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2,888,382,732
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Notes to Portfolio of Investments
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(a)
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Non-income producing investment.
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(b)
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The rate shown is the seven-day current annualized yield at February 28, 2026.
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(c)
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Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the
holdings and transactions in these affiliated companies during the period ended February 28, 2026 are as follows:
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Affiliated issuers
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Beginning
of period($)
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Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Realized gain
(loss)($)
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Dividends($)
|
End of
period shares
|
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Columbia Short-Term Cash Fund, 3.777%
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||||||||
|
|
25,820,838
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322,197,317
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(261,378,533
)
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8,623
|
86,648,245
|
(4,043
)
|
894,062
|
86,665,578
|
Investments are valued using policies described in the Notes to Financial Statements
included within the most recent financial statements and additional information.
4
Columbia Intrinsic Value Fund | 2026