NPORT-P
    false
    
      
      
        
          0001413032
          XXXXXXXX
        
      
      
      
      
        S000019855
        C000055692
      
      
      
    
  
  
    
      Columbia Funds Variable Series Trust II
      811-22127
      0001413032
      54930017CSZ4UCL7G406
      290 Congress Street
      Boston
      
      02110
      800-345-6611
      Columbia Variable Portfolio - Core Equity Fund
      S000019855
      JOL3F5DWM4VZPLB9ZN73
      2022-12-31
      2022-03-31
      N
    
    
      218623174.190000000000
      91396.960000000000
      218531777.230000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        ABBOTT LABORATORIES
        HQD377W2YR662HK5JX27
        Abbott Laboratories
        002824100
        
          
          
          
        
        26725.000000000000
        NS
        USD
        3163171.000000000000
        1.4474650049
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ABBVIE INC
        FR5LCKFTG8054YNNRU85
        AbbVie Inc
        00287Y109
        
          
          
          
        
        11935.000000000000
        NS
        USD
        1934782.850000000000
        0.8853553815
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ADOBE INC
        FU4LY2G4933NH2E1CP29
        Adobe Inc
        00724F101
        
          
          
          
        
        8279.000000000000
        NS
        USD
        3772077.980000000000
        1.7261004454
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ADVANCED MICRO DEVICES INC
        R2I72C950HOYXII45366
        Advanced Micro Devices Inc
        007903107
        
          
          
          
        
        35120.000000000000
        NS
        USD
        3840020.800000000000
        1.7571910359
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ALLSTATE CORP
        OBT0W1ED8G0NWVOLOJ77
        Allstate Corp/The
        020002101
        
          
          
          
        
        20779.000000000000
        NS
        USD
        2878099.290000000000
        1.3170163747
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ALPHABET INC
        5493006MHB84DD0ZWV18
        Alphabet Inc
        02079K305
        
          
          
          
        
        4694.000000000000
        NS
        USD
        13055656.900000000000
        5.9742601582
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ALTRIA GROUP INC
        XSGZFLO9YTNO9VCQV219
        Altria Group Inc
        02209S103
        
          
          
          
        
        62276.000000000000
        NS
        USD
        3253921.000000000000
        1.4889921462
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AMAZON.COM INC
        ZXTILKJKG63JELOEG630
        Amazon.com Inc
        023135106
        
          
          
          
        
        1609.000000000000
        NS
        USD
        5245259.550000000000
        2.4002273795
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AMGEN INC
        62QBXGPJ34PQ72Z12S66
        Amgen Inc
        031162100
        
          
          
          
        
        749.000000000000
        NS
        USD
        181123.180000000000
        0.0828818501
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        APPLE INC
        HWUPKR0MPOU8FGXBT394
        Apple Inc
        037833100
        
          
          
          
        
        93287.000000000000
        NS
        USD
        16288843.070000000000
        7.4537640596
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AUTODESK INC
        FRKKVKAIQEF3FCSTPG55
        Autodesk Inc
        052769106
        
          
          
          
        
        10905.000000000000
        NS
        USD
        2337486.750000000000
        1.0696324258
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AUTOZONE INC
        GA3JGKJ41LJKXDN23E90
        AutoZone Inc
        053332102
        
          
          
          
        
        1680.000000000000
        NS
        USD
        3434894.400000000000
        1.5718054571
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        060505104
        
          
          
          
        
        6883.000000000000
        NS
        USD
        283717.260000000000
        0.1298288348
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BANK OF NEW YORK MELLON CORP/THE
        WFLLPEPC7FZXENRZV188
        Bank of New York Mellon Corp/The
        064058100
        
          
          
          
        
        27500.000000000000
        NS
        USD
        1364825.000000000000
        0.6245430378
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BIOMARIN PHARMACEUTICAL INC.
        NSLL8ITTRR0J5HEMR848
        BioMarin Pharmaceutical Inc
        09061G101
        
          
          
          
        
        6652.000000000000
        NS
        USD
        512869.200000000000
        0.2346886144
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BRISTOL-MYERS SQUIBB CO
        HLYYNH7UQUORYSJQCN42
        Bristol-Myers Squibb Co
        110122108
        
          
          
          
        
        68004.000000000000
        NS
        USD
        4966332.120000000000
        2.2725903678
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CVS HEALTH CORP
        549300EJG376EN5NQE29
        CVS Health Corp
        126650100
        
          
          
          
        
        19002.000000000000
        NS
        USD
        1923192.420000000000
        0.8800516082
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CAPITAL ONE FIN CORP
        ZUE8T73ROZOF6FLBAR73
        Capital One Financial Corp
        14040H105
        
          
          
          
        
        27298.000000000000
        NS
        USD
        3583954.420000000000
        1.6400152259
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CISCO SYSTEMS INC
        549300LKFJ962MZ46593
        Cisco Systems Inc
        17275R102
        
          
          
          
        
        77220.000000000000
        NS
        USD
        4305787.200000000000
        1.9703254394
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        COLUMBIA SHORT TERM CASH FUND
        N/A
        COLUMBIA SHORT TERM CASH FUND
        19766H239
        
          
        
        946771.990000000000
        NS
        USD
        946393.280000000000
        0.4330689532
        Long
        STIV
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DARDEN RESTAURANTS INC
        CY1NFSCCB5GUXC7WZC70
        Darden Restaurants Inc
        237194105
        
          
          
          
        
        17662.000000000000
        NS
        USD
        2348162.900000000000
        1.0745178252
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DELTA AIR LINES INC
        Q2CCMS6R0AS67HJMBN42
        Delta Air Lines Inc
        247361702
        
          
          
          
        
        5340.000000000000
        NS
        USD
        211303.800000000000
        0.0966924823
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DISCOVER FINANCIAL SERVICES
        Z1YLO2USPORE63VVUL20
        Discover Financial Services
        254709108
        
          
          
          
        
        12980.000000000000
        NS
        USD
        1430266.200000000000
        0.6544888886
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DOW INC
        5493003S21INSLK2IP73
        Dow Inc
        260557103
        
          
          
          
        
        57580.000000000000
        NS
        USD
        3668997.600000000000
        1.6789309301
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DUKE ENERGY CORP
        I1BZKREC126H0VB1BL91
        Duke Energy Corp
        26441C204
        
          
          
          
        
        9983.000000000000
        NS
        USD
        1114701.780000000000
        0.5100868140
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EOG RESOURCES INC
        XWTZDRYZPBUHIQBKDB46
        EOG Resources Inc
        26875P101
        
          
          
          
        
        33886.000000000000
        NS
        USD
        4040227.780000000000
        1.8488056205
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EMERSON ELECTRIC CO
        FGLT0EWZSUIRRITFOA30
        Emerson Electric Co
        291011104
        
          
          
          
        
        28691.000000000000
        NS
        USD
        2813152.550000000000
        1.2872967884
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EVERGY INC
        549300PGTHDQY6PSUI61
        Evergy Inc
        30034W106
        
          
          
          
        
        23148.000000000000
        NS
        USD
        1581934.320000000000
        0.7238921223
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EXXON MOBIL CORP
        J3WHBG0MTS7O8ZVMDC91
        Exxon Mobil Corp
        30231G102
        
          
          
          
        
        40376.000000000000
        NS
        USD
        3334653.840000000000
        1.5259354416
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        META PLATFORMS INC
        BQ4BKCS1HXDV9HN80Z93
        Facebook Inc
        30303M102
        
          
          
          
        
        22845.000000000000
        NS
        USD
        5079814.200000000000
        2.3245196943
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        FORTINET INC
        549300O0QJWDBAS0QX03
        Fortinet Inc
        34959E109
        
          
          
          
        
        12103.000000000000
        NS
        USD
        4136079.220000000000
        1.8926671775
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        GENERAL DYNAMICS CORP
        9C1X8XOOTYY2FNYTVH06
        General Dynamics Corp
        369550108
        
          
          
          
        
        10375.000000000000
        NS
        USD
        2502242.500000000000
        1.1450245505
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS GROUP INC/THE
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group Inc/The
        38141G104
        
          
          
          
        
        5201.000000000000
        NS
        USD
        1716850.100000000000
        0.7856294960
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        INTERPUBLIC GRP OF CO INC
        5493008IUOJ5VWTRC333
        Interpublic Group of Cos Inc/The
        460690100
        
          
          
          
        
        75267.000000000000
        NS
        USD
        2668215.150000000000
        1.2209735279
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        IQVIA HOLDINGS INC
        549300W3R20NM4KQPH86
        IQVIA Holdings Inc
        46266C105
        
          
          
          
        
        15051.000000000000
        NS
        USD
        3479941.710000000000
        1.5924190770
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JOHNSON & JOHNSON
        549300G0CFPGEF6X2043
        Johnson & Johnson
        478160104
        
          
          
          
        
        17541.000000000000
        NS
        USD
        3108791.430000000000
        1.4225809488
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        KROGER CO
        6CPEOKI6OYJ13Q6O7870
        Kroger Co/The
        501044101
        
          
          
          
        
        26025.000000000000
        NS
        USD
        1493054.250000000000
        0.6832206597
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        LAM RSRCH CORP
        549300I4GMO6D34U1T02
        Lam Research Corp
        512807108
        
          
          
          
        
        6900.000000000000
        NS
        USD
        3709509.000000000000
        1.6974689205
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        LENNAR CORP
        529900G61XVRLX5TJX09
        Lennar Corp
        526057104
        
          
          
          
        
        24209.000000000000
        NS
        USD
        1965044.530000000000
        0.8992031067
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        LOCKHEED MARTIN CORPORATION
        DPRBOZP0K5RM2YE8UU08
        Lockheed Martin Corp
        539830109
        
          
          
          
        
        5225.000000000000
        NS
        USD
        2306315.000000000000
        1.0553682532
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MARSH & MCLENNAN COMPANIES INC
        549300XMP3KDCKJXIU47
        Marsh & McLennan Cos Inc
        571748102
        
          
          
          
        
        14799.000000000000
        NS
        USD
        2522045.580000000000
        1.1540864271
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MASTERCARD INC
        AR5L2ODV9HN37376R084
        Mastercard Inc
        57636Q104
        
          
          
          
        
        4034.000000000000
        NS
        USD
        1441670.920000000000
        0.6597076811
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MCKESSON CORP
        549300WZWOM80UCFSF54
        McKesson Corp
        58155Q103
        
          
          
          
        
        9537.000000000000
        NS
        USD
        2919561.810000000000
        1.3359895970
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        METLIFE INC
        C4BXATY60WC6XEOZDX54
        MetLife Inc
        59156R108
        
          
          
          
        
        21002.000000000000
        NS
        USD
        1476020.560000000000
        0.6754260541
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MICROSOFT CORP
        INR2EJN1ERAN0W5ZP974
        Microsoft Corp
        594918104
        
          
          
          
        
        45365.000000000000
        NS
        USD
        13986483.150000000000
        6.4002056485
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MOLINA HEALTHCARE INC
        549300NQQCEQ46YHZ591
        Molina Healthcare Inc
        60855R100
        
          
          
          
        
        2175.000000000000
        NS
        USD
        725558.250000000000
        0.3320149862
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MORGAN STANLEY
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        617446448
        
          
          
          
        
        23206.000000000000
        NS
        USD
        2028204.400000000000
        0.9281050224
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NRG ENERGY INC
        5E2UPK5SW04M13XY7I38
        NRG Energy Inc
        629377508
        
          
          
          
        
        54764.000000000000
        NS
        USD
        2100747.040000000000
        0.9613004876
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NORFOLK SOUTHERN CORPORATION
        54930036C8MWP850MI84
        Norfolk Southern Corp
        655844108
        
          
          
          
        
        6068.000000000000
        NS
        USD
        1730714.960000000000
        0.7919740469
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NUCOR CORP
        549300GGJCRSI2TIEJ46
        Nucor Corp
        670346105
        
          
          
          
        
        15893.000000000000
        NS
        USD
        2362494.450000000000
        1.0810759332
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        O'Reilly Automotive Inc
        549300K2RLMQL149Q332
        O'Reilly Automotive Inc
        67103H107
        
          
          
          
        
        4627.000000000000
        NS
        USD
        3169309.920000000000
        1.4502741707
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        OTIS WORLDWIDE CORP
        549300ZLBKR8VSU25153
        Otis Worldwide Corp
        68902V107
        
          
          
          
        
        15438.000000000000
        NS
        USD
        1187954.100000000000
        0.5436070283
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PFIZER INC
        765LHXWGK1KXCLTFYQ30
        Pfizer Inc
        717081103
        
          
          
          
        
        104180.000000000000
        NS
        USD
        5393398.600000000000
        2.4680157130
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PHILIP MORRIS INTERNATIONAL INC
        HL3H1H2BGXWVG3BSWR90
        Philip Morris International Inc
        718172109
        
          
          
          
        
        17964.000000000000
        NS
        USD
        1687538.160000000000
        0.7722163712
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        T ROWE PRICE GROUP INC
        549300SIV6FPS9Y7IH33
        T Rowe Price Group Inc
        74144T108
        
          
          
          
        
        5097.000000000000
        NS
        USD
        770615.430000000000
        0.3526331226
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PROCTER & GAMBLE CO
        2572IBTT8CCZW6AU4141
        Procter & Gamble Co/The
        742718109
        
          
          
          
        
        26365.000000000000
        NS
        USD
        4028572.000000000000
        1.8434719431
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Public Sto
        549300LMZF40TKJ6DM64
        Public Storage
        74460D109
        
          
          
          
        
        5681.000000000000
        NS
        USD
        2217180.680000000000
        1.0145804460
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PULTE GROUP INC
        N/A
        PulteGroup Inc
        745867101
        
          
          
          
        
        42741.000000000000
        NS
        USD
        1790847.900000000000
        0.8194908414
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        QUALCOMM INC
        H1J8DDZKZP6H7RWC0H53
        QUALCOMM Inc
        747525103
        
          
          
          
        
        25315.000000000000
        NS
        USD
        3868638.300000000000
        1.7702863854
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        RALPH LAUREN CORP
        HO1QNWM0IXBZ0QSMMO20
        Ralph Lauren Corp
        751212101
        
          
          
          
        
        2700.000000000000
        NS
        USD
        306288.000000000000
        0.1401571908
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        REGENERON PHARMACEUTICALS INC.
        549300RCBFWIRX3HYQ56
        Regeneron Pharmaceuticals Inc
        75886F107
        
          
          
          
        
        1203.000000000000
        NS
        USD
        840199.260000000000
        0.3844746383
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        REPUBLIC SERVICES INC
        NKNQHM6BLECKVOQP7O46
        Republic Services Inc
        760759100
        
          
          
          
        
        2852.000000000000
        NS
        USD
        377890.000000000000
        0.1729222197
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Robert Half International Inc
        529900VPCUY9H3HLIC08
        Robert Half International Inc
        770323103
        
          
          
          
        
        7270.000000000000
        NS
        USD
        830088.600000000000
        0.3798480068
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        S&P GLOBAL INC
        Y6X4K52KMJMZE7I7MY94
        S&P Global Inc
        78409V104
        
          
          
          
        
        777.000000000000
        NS
        USD
        318709.860000000000
        0.1458414259
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SIMON PROP GRP INC
        529900GQL5X8H7AO3T64
        Simon Property Group Inc
        828806109
        
          
          
          
        
        4644.000000000000
        NS
        USD
        610964.640000000000
        0.2795770243
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SNAP-ON INC
        HHWAT5TDOYZMM26KKQ73
        Snap-on Inc
        833034101
        
          
          
          
        
        10761.000000000000
        NS
        USD
        2211170.280000000000
        1.0118300908
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SOUTHWEST AIRLINES CO
        UDTZ87G0STFETI6HGH41
        Southwest Airlines Co
        844741108
        
          
          
          
        
        4952.000000000000
        NS
        USD
        226801.600000000000
        0.1037842656
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        STARBUCKS CORP
        OQSJ1DU9TAOC51A47K68
        Starbucks Corp
        855244109
        
          
          
          
        
        5901.000000000000
        NS
        USD
        536813.970000000000
        0.2456457257
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TAPESTRY INC
        549300LJNVY5SW3VTN33
        Tapestry Inc
        876030107
        
          
          
          
        
        30955.000000000000
        NS
        USD
        1149978.250000000000
        0.5262293038
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TARGET CORPORATION
        8WDDFXB5T1Z6J0XC1L66
        Target Corp
        87612E106
        
          
          
          
        
        2922.000000000000
        NS
        USD
        620106.840000000000
        0.2837604891
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TESLA INC
        54930043XZGB27CTOV49
        Tesla Inc
        88160R101
        
          
          
          
        
        1680.000000000000
        NS
        USD
        1810368.000000000000
        0.8284232266
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TEXTRON INC
        3PPKBHUG1HD6BO7RNR87
        Textron Inc
        883203101
        
          
          
          
        
        8383.000000000000
        NS
        USD
        623527.540000000000
        0.2853257993
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TYSON FOODS INC
        WD6L6041MNRW1JE49D58
        Tyson Foods Inc
        902494103
        
          
          
          
        
        35512.000000000000
        NS
        USD
        3182940.560000000000
        1.4565115428
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        UNDER ARMOUR INC
        549300D4549QKWETZ406
        Under Armour Inc
        904311107
        
          
          
          
        
        140671.000000000000
        NS
        USD
        2394220.420000000000
        1.0955937166
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        UNITED PARCEL SERVICE INC
        D01LMJZU09ULLNCY6Z23
        United Parcel Service Inc
        911312106
        
          
          
          
        
        15439.000000000000
        NS
        USD
        3311047.940000000000
        1.5151333971
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        VERISIGN INC
        LMPL4N8ZOJRMF0KOF759
        VeriSign Inc
        92343E102
        
          
          
          
        
        6398.000000000000
        NS
        USD
        1423299.080000000000
        0.6513007390
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        VERTEX PHARM INC
        54930015RAQRRZ5ZGJ91
        Vertex Pharmaceuticals Inc
        92532F100
        
          
          
          
        
        4949.000000000000
        NS
        USD
        1291540.530000000000
        0.5910081117
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        VOYA FINANCIAL INC
        549300T065Z4KJ686G75
        Voya Financial Inc
        929089100
        
          
          
          
        
        8888.000000000000
        NS
        USD
        589718.800000000000
        0.2698549417
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        WELLS FARGO & COMPANY
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co
        949746101
        
          
          
          
        
        78600.000000000000
        NS
        USD
        3808956.000000000000
        1.7429758035
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        WEYERHAEUSER COMPANY
        08IRJODWFYBI7QWRGS31
        Weyerhaeuser Co
        962166104
        
          
          
          
        
        103512.000000000000
        NS
        USD
        3923104.800000000000
        1.7952102206
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JPMorgan
        ZBUT11V806EZRVTWT807
        S&P500 EMINI JUN 22
        000000000
        
          
          
        
        6.000000000000
        NC
        USD
        84825.120000000000
        0.0388159201
        N/A
        DE
        CORP
        US
        
        N
        
        1
        
          
            
              JPMorgan
              ZBUT11V806EZRVTWT807
            
            Long
            
              
                S&P500 EMINI JUN 22
                S&P500 EMINI JUN 22
                
                  
                  
                
              
            
            2022-06-17
            1274399.880000000000
            USD
            84825.120000000000
          
        
        
          N
          N
          N
        
      
      
        AON PLC
        635400FALWQYX5E6QC64
        Aon PLC
        G0403H108
        
          
          
          
        
        1650.000000000000
        NS
        USD
        537289.500000000000
        0.2458633279
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ACCENTURE PLC
        N/A
        Accenture PLC
        G1151C101
        
          
          
          
        
        6356.000000000000
        NS
        USD
        2143433.880000000000
        0.9808339580
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2022-04-25
      Columbia Funds Variable Series Trust II
      Martha Skinner
      Martha Skinner
      Assistant Treasurer
    
  
  XXXX
Portfolio of Investments
Columbia Variable Portfolio – Core Equity Fund, March 31, 2022 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 99.6%
Issuer Shares Value ($)
Communication Services 9.5%
Interactive Media & Services 8.3%
Alphabet, Inc., Class A(a) 4,694 13,055,657
Meta Platforms, Inc., Class A(a) 22,845 5,079,814
Total   18,135,471
Media 1.2%
Interpublic Group of Companies, Inc. (The) 75,267 2,668,215
Total Communication Services 20,803,686
Consumer Discretionary 11.3%
Automobiles 0.8%
Tesla Motors, Inc.(a) 1,680 1,810,368
Hotels, Restaurants & Leisure 1.3%
Darden Restaurants, Inc. 17,662 2,348,163
Starbucks Corp. 5,901 536,814
Total   2,884,977
Household Durables 1.7%
Lennar Corp., Class A 24,209 1,965,044
PulteGroup, Inc. 42,741 1,790,848
Total   3,755,892
Internet & Direct Marketing Retail 2.4%
Amazon.com, Inc.(a) 1,609 5,245,260
Multiline Retail 0.3%
Target Corp. 2,922 620,107
Specialty Retail 3.0%
AutoZone, Inc.(a) 1,680 3,434,894
O’Reilly Automotive, Inc.(a) 4,627 3,169,310
Total   6,604,204
Textiles, Apparel & Luxury Goods 1.8%
Ralph Lauren Corp. 2,700 306,288
Tapestry, Inc. 30,955 1,149,978
Under Armour, Inc., Class A(a) 140,671 2,394,221
Total   3,850,487
Total Consumer Discretionary 24,771,295
Common Stocks (continued)
Issuer Shares Value ($)
Consumer Staples 6.2%
Food & Staples Retailing 0.7%
Kroger Co. (The) 26,025 1,493,054
Food Products 1.4%
Tyson Foods, Inc., Class A 35,512 3,182,941
Household Products 1.8%
Procter & Gamble Co. (The) 26,365 4,028,572
Tobacco 2.3%
Altria Group, Inc. 62,276 3,253,921
Philip Morris International, Inc. 17,964 1,687,538
Total   4,941,459
Total Consumer Staples 13,646,026
Energy 3.4%
Oil, Gas & Consumable Fuels 3.4%
EOG Resources, Inc. 33,886 4,040,228
Exxon Mobil Corp. 40,376 3,334,654
Total   7,374,882
Total Energy 7,374,882
Financials 10.7%
Banks 1.9%
Bank of America Corp. 6,883 283,717
Wells Fargo & Co. 78,600 3,808,956
Total   4,092,673
Capital Markets 2.8%
Bank of New York Mellon Corp. (The) 27,500 1,364,825
Goldman Sachs Group, Inc. (The) 5,201 1,716,850
Morgan Stanley 23,206 2,028,204
S&P Global, Inc. 777 318,710
T. Rowe Price Group, Inc. 5,097 770,616
Total   6,199,205
Consumer Finance 2.3%
Capital One Financial Corp. 27,298 3,583,955
Discover Financial Services 12,980 1,430,266
Total   5,014,221
Columbia Variable Portfolio – Core Equity Fund  | First Quarter Report 2022
1
Portfolio of Investments   (continued)
Columbia Variable Portfolio – Core Equity Fund, March 31, 2022 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
Diversified Financial Services 0.3%
Voya Financial, Inc. 8,888 589,719
Insurance 3.4%
Allstate Corp. (The) 20,779 2,878,099
Aon PLC, Class A 1,650 537,289
Marsh & McLennan Companies, Inc. 14,799 2,522,046
MetLife, Inc. 21,002 1,476,021
Total   7,413,455
Total Financials 23,309,273
Health Care 13.9%
Biotechnology 2.2%
AbbVie, Inc. 11,935 1,934,783
Amgen, Inc. 749 181,123
BioMarin Pharmaceutical, Inc.(a) 6,652 512,869
Regeneron Pharmaceuticals, Inc.(a) 1,203 840,199
Vertex Pharmaceuticals, Inc.(a) 4,949 1,291,541
Total   4,760,515
Health Care Equipment & Supplies 1.4%
Abbott Laboratories 26,725 3,163,171
Health Care Providers & Services 2.5%
CVS Health Corp. 19,002 1,923,192
McKesson Corp. 9,537 2,919,562
Molina Healthcare, Inc.(a) 2,175 725,558
Total   5,568,312
Life Sciences Tools & Services 1.6%
IQVIA Holdings, Inc.(a) 15,051 3,479,942
Pharmaceuticals 6.2%
Bristol-Myers Squibb Co. 68,004 4,966,332
Johnson & Johnson 17,541 3,108,791
Pfizer, Inc. 104,180 5,393,399
Total   13,468,522
Total Health Care 30,440,462
Common Stocks (continued)
Issuer Shares Value ($)
Industrials 8.4%
Aerospace & Defense 2.5%
General Dynamics Corp. 10,375 2,502,242
Lockheed Martin Corp. 5,225 2,306,315
Textron, Inc. 8,383 623,528
Total   5,432,085
Air Freight & Logistics 1.5%
United Parcel Service, Inc., Class B 15,439 3,311,048
Airlines 0.2%
Delta Air Lines, Inc.(a) 5,340 211,304
Southwest Airlines Co.(a) 4,952 226,801
Total   438,105
Commercial Services & Supplies 0.2%
Republic Services, Inc. 2,852 377,890
Electrical Equipment 1.3%
Emerson Electric Co. 28,691 2,813,153
Machinery 1.5%
Otis Worldwide Corp. 15,438 1,187,954
Snap-On, Inc. 10,761 2,211,170
Total   3,399,124
Professional Services 0.4%
Robert Half International, Inc. 7,270 830,089
Road & Rail 0.8%
Norfolk Southern Corp. 6,068 1,730,715
Total Industrials 18,332,209
Information Technology 28.1%
Communications Equipment 2.0%
Cisco Systems, Inc. 77,220 4,305,787
IT Services 2.3%
Accenture PLC, Class A 6,356 2,143,434
MasterCard, Inc., Class A 4,034 1,441,671
VeriSign, Inc.(a) 6,398 1,423,299
Total   5,008,404
 
2 Columbia Variable Portfolio – Core Equity Fund  | First Quarter Report 2022
Portfolio of Investments   (continued)
Columbia Variable Portfolio – Core Equity Fund, March 31, 2022 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
Semiconductors & Semiconductor Equipment 5.2%
Advanced Micro Devices, Inc.(a) 35,120 3,840,021
Lam Research Corp. 6,900 3,709,509
QUALCOMM, Inc. 25,315 3,868,638
Total   11,418,168
Software 11.1%
Adobe, Inc.(a) 8,279 3,772,078
Autodesk, Inc.(a) 10,905 2,337,487
Fortinet, Inc.(a) 12,103 4,136,079
Microsoft Corp. 45,365 13,986,483
Total   24,232,127
Technology Hardware, Storage & Peripherals 7.5%
Apple, Inc.(b) 93,287 16,288,843
Total Information Technology 61,253,329
Materials 2.8%
Chemicals 1.7%
Dow, Inc. 57,580 3,668,998
Metals & Mining 1.1%
Nucor Corp. 15,893 2,362,494
Total Materials 6,031,492
Real Estate 3.1%
Equity Real Estate Investment Trusts (REITS) 3.1%
Public Storage 5,681 2,217,181
Simon Property Group, Inc. 4,644 610,964
Weyerhaeuser Co. 103,512 3,923,105
Total   6,751,250
Total Real Estate 6,751,250
Common Stocks (continued)
Issuer Shares Value ($)
Utilities 2.2%
Electric Utilities 2.2%
Duke Energy Corp. 9,983 1,114,702
Evergy, Inc. 23,148 1,581,934
NRG Energy, Inc. 54,764 2,100,747
Total   4,797,383
Total Utilities 4,797,383
Total Common Stocks
(Cost $161,657,979) 		217,511,287
Money Market Funds 0.5%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.308%(c),(d) 946,772 946,393
Total Money Market Funds
(Cost $946,419) 		946,393
Total Investments in Securities
(Cost: $162,604,398) 		218,457,680
Other Assets & Liabilities, Net   (137,571)
Net Assets 218,320,109
 
At March 31, 2022, securities and/or cash totaling $111,750 were pledged as collateral.
Investments in derivatives
Long futures contracts
Description Number of
contracts 		Expiration
date 		Trading
currency 		Notional
amount 		Value/Unrealized
appreciation ($) 		Value/Unrealized
depreciation ($)
S&P 500 Index E-mini 6 06/2022 USD 1,359,225 84,825 —
Columbia Variable Portfolio – Core Equity Fund  | First Quarter Report 2022
3
Portfolio of Investments   (continued)
Columbia Variable Portfolio – Core Equity Fund, March 31, 2022 (Unaudited)
Notes to Portfolio of Investments
(a) Non-income producing investment.
(b) This security or a portion of this security has been pledged as collateral in connection with derivative contracts.
(c) The rate shown is the seven-day current annualized yield at March 31, 2022.
(d) As defined in the Investment Company Act of 1940, as amended, 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, 2022 are as follows:
    
Affiliated issuers Beginning
of period($) 		Purchases($) Sales($) Net change in
unrealized
appreciation
(depreciation)($) 		End of
period($) 		Realized gain
(loss)($) 		Dividends($) End of
period shares
Columbia Short-Term Cash Fund, 0.308%
  3,047,987 5,130,088 (7,231,718) 36 946,393 (789) 896 946,772
Currency Legend
USD US Dollar
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
4 Columbia Variable Portfolio – Core Equity Fund  | First Quarter Report 2022
[THIS PAGE INTENTIONALLY LEFT BLANK]
You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.
1QT7003_12_A01_(05/22)