Columbia Select Large Cap 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 Select Large Cap Value Fund, February 28, 2026 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
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Common Stocks 96.6%
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Issuer
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Shares
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Value ($)
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Communication Services 5.4%
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Diversified Telecommunication Services 3.8%
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Verizon Communications, Inc.
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2,354,816
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118,070,474
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Interactive Media & Services 1.6%
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Alphabet, Inc., Class A
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162,626
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50,700,282
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Total Communication Services
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168,770,756
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Consumer Discretionary 3.0%
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Specialty Retail 3.0%
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Lowe’s Companies, Inc.
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354,475
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93,783,451
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Total Consumer Discretionary
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93,783,451
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Consumer Staples 6.5%
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Beverages 3.5%
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Constellation Brands, Inc., Class A
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698,670
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110,292,046
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Tobacco 3.0%
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Philip Morris International, Inc.
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512,615
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95,771,861
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Total Consumer Staples
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206,063,907
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Energy 9.9%
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Energy Equipment & Services 2.6%
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TechnipFMC PLC
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1,248,093
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82,761,047
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Oil, Gas & Consumable Fuels 7.3%
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Chevron Corp.
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414,737
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77,456,282
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Marathon Petroleum Corp.
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282,642
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56,022,471
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Williams Companies, Inc. (The)
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1,263,032
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94,373,751
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Total
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227,852,504
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Total Energy
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310,613,551
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Financials 17.4%
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Banks 9.1%
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Bank of America Corp.
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1,426,052
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71,060,171
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Citigroup, Inc.
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655,607
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72,241,336
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JPMorgan Chase & Co.
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224,580
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67,441,374
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Wells Fargo & Co.
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949,054
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77,300,448
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Total
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288,043,329
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Capital Markets 2.5%
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Morgan Stanley
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478,678
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79,704,674
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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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Consumer Finance 1.6%
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Capital One Financial Corp.
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248,572
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48,630,626
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Insurance 4.2%
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American International Group, Inc.
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1,048,775
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84,415,900
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MetLife, Inc.
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662,891
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47,774,554
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Total
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132,190,454
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Total Financials
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548,569,083
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Health Care 12.6%
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Health Care Providers & Services 10.1%
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Centene Corp.(a)
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1,245,880
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55,915,094
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Cigna Group (The)
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291,616
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84,516,149
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CVS Health Corp.
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1,296,438
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103,585,396
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Tenet Healthcare Corp.(a)
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315,625
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75,557,469
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Total
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319,574,108
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Pharmaceuticals 2.5%
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Bristol-Myers Squibb Co.
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1,237,237
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77,166,472
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Total Health Care
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396,740,580
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Industrials 11.9%
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Aerospace & Defense 5.5%
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Boeing Co. (The)(a)
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386,325
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87,900,527
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RTX Corp.
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429,687
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87,063,180
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Total
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174,963,707
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Ground Transportation 2.4%
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CSX Corp.
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1,753,469
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74,855,591
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Machinery 1.9%
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Caterpillar, Inc.
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82,302
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61,136,395
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Passenger Airlines 2.1%
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Southwest Airlines Co.
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1,323,646
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65,202,802
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Total Industrials
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376,158,495
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Information Technology 14.2%
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Electronic Equipment, Instruments & Components 2.8%
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Corning, Inc.
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582,286
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87,564,169
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IT Services 3.4%
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EPAM Systems, Inc.(a)
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762,893
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107,567,913
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2
Columbia Select Large Cap Value Fund | 2026
Portfolio of Investments (continued)
Columbia Select Large Cap 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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Semiconductors & Semiconductor Equipment 4.3%
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Applied Materials, Inc.
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246,594
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91,806,946
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QUALCOMM, Inc.
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313,054
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44,566,368
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Total
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136,373,314
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Software 3.7%
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Salesforce, Inc.
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521,243
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101,532,924
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Teradata Corp.(a)
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516,374
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16,260,617
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Total
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117,793,541
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Total Information Technology
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449,298,937
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Materials 5.9%
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Metals & Mining 5.9%
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Barrick Mining Corp.
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1,638,014
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83,112,830
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Freeport-McMoRan, Inc.
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1,507,050
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102,599,964
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Total
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185,712,794
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Total Materials
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185,712,794
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Real Estate 3.3%
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Specialized REITs 3.3%
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American Tower Corp.
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546,929
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104,933,798
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Total Real Estate
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104,933,798
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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 6.5%
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Electric Utilities 3.0%
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PG&E Corp.
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5,006,799
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95,129,181
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Independent Power and Renewable Electricity Producers 3.5%
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AES Corp. (The)
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6,328,058
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109,348,842
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Total Utilities
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204,478,023
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Total Common Stocks
(Cost $1,672,419,368)
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3,045,123,375
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Money Market Funds 3.0%
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Shares
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Value ($)
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Columbia Short-Term Cash Fund, 3.777%(b),(c)
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94,953,822
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94,934,831
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Total Money Market Funds
(Cost $94,920,424)
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94,934,831
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Total Investments in Securities
(Cost: $1,767,339,792)
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3,140,058,206
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Other Assets & Liabilities, Net
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13,887,938
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Net Assets
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3,153,946,144
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Notes to Portfolio of Investments
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(a)
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Non-income producing investment.
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(b)
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The rate shown is the seven-day current annualized yield at February 28, 2026.
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(c)
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Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the
holdings and transactions in these affiliated companies during the period ended February 28, 2026 are as follows:
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Affiliated issuers
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Beginning
of period($)
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Purchases($)
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Sales($)
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Net change in
unrealized
appreciation
(depreciation)($)
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End of
period($)
|
Realized gain
(loss)($)
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Dividends($)
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End of
period shares
|
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Columbia Short-Term Cash Fund, 3.777%
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||||||||
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61,208,635
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638,022,624
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(604,309,316
)
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12,888
|
94,934,831
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(1,638
)
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2,197,831
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94,953,822
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Investments are valued using policies described in the Notes to Financial Statements
included within the most recent financial statements and additional information.
Columbia Select Large Cap Value Fund | 2026
3