Columbia Select Mid Cap Value Fund
First Quarter Report
May 31, 2026 (Unaudited)
  
Not FDIC or NCUA Insured
No Financial Institution Guarantee
May Lose Value
Portfolio of Investments
Columbia Select Mid Cap Value Fund, May 31, 2026 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
 
 
Common Stocks 98.0%
Issuer
Shares
Value ($)
Communication Services 4.0%
Entertainment 2.1%
Take-Two Interactive Software, Inc.(a)
293,216
65,727,299
Media 1.9%
Nexstar Media Group, Inc., Class A
318,126
56,763,222
Total Communication Services
122,490,521
Consumer Discretionary 9.0%
Hotels, Restaurants & Leisure 2.1%
Hyatt Hotels Corp., Class A
355,653
64,501,228
Household Durables 1.9%
D.R. Horton, Inc.
380,519
55,970,540
Leisure Products 1.8%
Hasbro, Inc.
643,183
55,423,079
Specialty Retail 3.2%
Burlington Stores, Inc.(a)
157,971
51,155,749
O’Reilly Automotive, Inc.(a)
542,170
47,103,729
Total
98,259,478
Total Consumer Discretionary
274,154,325
Consumer Staples 5.2%
Consumer Staples Distribution & Retail 3.5%
Dollar Tree, Inc.(a)
389,491
45,352,332
U.S. Foods Holding Corp.(a)
753,010
61,633,868
Total
106,986,200
Food Products 1.7%
Tyson Foods, Inc., Class A
810,090
49,431,692
Total Consumer Staples
156,417,892
Energy 6.0%
Oil, Gas & Consumable Fuels 6.0%
Devon Energy Corp.
1,742,578
77,527,295
Marathon Petroleum Corp.
424,744
105,663,565
Total
183,190,860
Total Energy
183,190,860
Common Stocks (continued)
Issuer
Shares
Value ($)
Financials 15.9%
Banks 4.8%
Popular, Inc.
510,826
75,872,986
Regions Financial Corp.
2,457,376
68,806,528
Total
144,679,514
Capital Markets 1.9%
Carlyle Group, Inc. (The)
1,281,769
58,230,766
Consumer Finance 2.2%
Capital One Financial Corp.
363,407
68,295,077
Financial Services 3.4%
Global Payments, Inc.
477,268
36,038,506
Voya Financial, Inc.
810,599
65,836,851
Total
101,875,357
Insurance 3.6%
Hanover Insurance Group, Inc. (The)
291,697
54,313,981
Kemper Corp.
619,937
15,293,846
Reinsurance Group of America, Inc.
201,121
40,373,030
Total
109,980,857
Total Financials
483,061,571
Health Care 8.3%
Health Care Equipment & Supplies 1.6%
Zimmer Biomet Holdings, Inc.
577,850
47,574,390
Health Care Providers & Services 4.6%
Centene Corp.(a)
619,923
36,947,411
Humana, Inc.
124,988
38,173,835
Quest Diagnostics, Inc.
336,547
65,593,010
Total
140,714,256
Life Sciences Tools & Services 2.1%
Agilent Technologies, Inc.
473,286
64,144,452
Total Health Care
252,433,098
Industrials 15.5%
Aerospace & Defense 2.0%
ATI, Inc.(a)
350,699
61,428,437
Building Products 1.9%
Trane Technologies PLC
126,506
57,092,158
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Columbia Select Mid Cap Value Fund  | 2026
Portfolio of Investments  (continued)
Columbia Select Mid Cap Value Fund, May 31, 2026 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Electrical Equipment 2.7%
AMETEK, Inc.
356,350
80,481,647
Machinery 4.6%
Ingersoll Rand, Inc.
804,981
57,668,839
ITT, Inc.
419,995
81,899,025
Total
139,567,864
Passenger Airlines 2.2%
Southwest Airlines Co.
1,578,933
67,815,172
Professional Services 2.1%
CACI International, Inc., Class A(a)
123,821
63,583,322
Total Industrials
469,968,600
Information Technology 13.0%
Communications Equipment 1.9%
Motorola Solutions, Inc.
138,761
55,959,536
Electronic Equipment, Instruments & Components 3.7%
Corning, Inc.
624,423
113,120,471
Semiconductors & Semiconductor Equipment 7.4%
Marvell Technology, Inc.
291,655
59,789,275
ON Semiconductor Corp.(a)
735,357
88,698,761
Teradyne, Inc.
206,822
77,415,543
Total
225,903,579
Total Information Technology
394,983,586
Materials 5.7%
Chemicals 1.5%
Chemours Co. (The)
1,981,585
43,911,924
Containers & Packaging 2.1%
Smurfit WestRock PLC
1,583,495
65,160,819
Metals & Mining 2.1%
Freeport-McMoRan, Inc.
967,849
63,597,358
Total Materials
172,670,101
Common Stocks (continued)
Issuer
Shares
Value ($)
Real Estate 8.1%
Health Care REITs 2.3%
Welltower, Inc.
332,913
68,357,026
Industrial REITs 2.0%
First Industrial Realty Trust, Inc.
998,456
61,774,473
Specialized REITs 3.8%
Gaming and Leisure Properties, Inc.
1,328,607
62,404,671
Lamar Advertising Co., Class A
340,884
51,971,175
Total
114,375,846
Total Real Estate
244,507,345
Utilities 7.3%
Electric Utilities 4.7%
Entergy Corp.
788,008
85,932,272
PG&E Corp.
3,441,213
56,229,421
Total
142,161,693
Multi-Utilities 2.6%
Ameren Corp.
744,840
80,420,375
Total Utilities
222,582,068
Total Common Stocks
(Cost $1,583,313,236)
2,976,459,967
 
Money Market Funds 1.9%
 
Shares
Value ($)
Columbia Short-Term Cash Fund, 3.741%(b),(c)
58,540,472
58,517,055
Total Money Market Funds
(Cost $58,514,471)
58,517,055
Total Investments in Securities
(Cost: $1,641,827,707)
3,034,977,022
Other Assets & Liabilities, Net
2,935,437
Net Assets
3,037,912,459
Columbia Select Mid Cap Value Fund  | 2026
3
Portfolio of Investments  (continued)
Columbia Select Mid Cap Value Fund, May 31, 2026 (Unaudited)
Notes to Portfolio of Investments 
(a)
Non-income producing investment.
(b)
The rate shown is the seven-day current annualized yield at May 31, 2026.
(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 May 31, 2026 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, 3.741%
 
51,668,090
71,606,784
(64,750,312
)
(7,507
)
58,517,055
(897
)
545,658
58,540,472
Investments are valued using policies described in the Notes to Financial Statements included within the most recent financial statements and additional information.
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Columbia Select Mid Cap Value Fund  | 2026
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1QT197_(07/26)