Multi-Manager Large Cap Growth Strategies Fund
First Quarter Report
June 30, 2026 (Unaudited)
  
Not FDIC or NCUA Insured
No Financial Institution Guarantee
May Lose Value
Portfolio of Investments
Multi-Manager Large Cap Growth Strategies Fund, June 30, 2026 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
 
 
Common Stocks 97.3%
Issuer
Shares
Value ($)
Communication Services 16.0%
Diversified Telecommunication Services 0.1%
Space Exploration Technologies Corp., Class A(a)
31,571
5,394,221
Entertainment 2.2%
Netflix, Inc.(a)
945,531
67,510,913
Roblox Corp., Class A(a)
1,726
93,860
Walt Disney Co. (The)
316,023
30,417,214
Total
98,021,987
Interactive Media & Services 13.6%
Alphabet, Inc., Class A
671,298
239,901,766
Alphabet, Inc., Class C
540,484
190,969,212
Meta Platforms, Inc., Class A
304,119
171,307,191
Reddit, Inc., Class A(a)
60,848
10,561,996
Total
612,740,165
Media 0.1%
Nexstar Media Group, Inc., Class A
27,632
4,934,799
NIQ Global Intelligence PLC(a)
197,754
1,849,000
Total
6,783,799
Total Communication Services
722,940,172
Consumer Discretionary 10.5%
Automobiles 4.4%
Tesla, Inc.(a)
467,709
196,718,405
Broadline Retail 3.4%
Amazon.com, Inc.(a)
651,134
155,191,278
Diversified Consumer Services 0.1%
H&R Block, Inc.
83,627
3,184,516
Hotels, Restaurants & Leisure 1.7%
Booking Holdings, Inc.
36,170
6,446,941
Carnival Corp., Ltd.
136,110
3,888,663
DoorDash, Inc., Class A(a)
2,676
493,802
Expedia Group, Inc.
48,420
12,389,710
McDonald’s Corp.
26,478
7,157,268
Royal Caribbean Cruises Ltd.
19,775
6,279,156
Starbucks Corp.
209,714
21,430,674
Travel + Leisure Co.
47,474
3,628,438
Viking Holdings Ltd.(a)
19,235
2,013,327
Common Stocks (continued)
Issuer
Shares
Value ($)
Yum China Holdings, Inc.
27,813
1,136,717
Yum! Brands, Inc.
86,049
13,755,793
Total
78,620,489
Specialty Retail 0.6%
AutoZone, Inc.(a)
438
1,399,822
Carvana Co.(a)
19,184
1,262,691
Murphy U.S.A., Inc.
3,512
1,892,511
Ross Stores, Inc.
96,068
20,448,074
Total
25,003,098
Textiles, Apparel & Luxury Goods 0.3%
NIKE, Inc., Class B
178,071
7,309,815
On Holding AG, Class A(a)
22,391
793,089
Ralph Lauren Corp.
15,367
6,168,467
Total
14,271,371
Total Consumer Discretionary
472,989,157
Consumer Staples 2.7%
Beverages 1.7%
Coca-Cola Co. (The)
126,525
10,282,687
Monster Beverage Corp.(a)
698,722
67,161,158
Total
77,443,845
Consumer Staples Distribution & Retail 0.3%
Walmart, Inc.
126,912
14,374,053
Household Products 0.1%
Procter & Gamble Co. (The)
15,615
2,289,784
Personal Care Products 0.2%
Estee Lauder Companies, Inc. (The), Class A
139,007
10,974,603
Tobacco 0.4%
Philip Morris International, Inc.
96,234
17,409,693
Total Consumer Staples
122,491,978
Energy 1.1%
Energy Equipment & Services 0.2%
TechnipFMC PLC
132,700
8,798,010
2
Multi-Manager Large Cap Growth Strategies Fund  | 2026
Portfolio of Investments  (continued)
Multi-Manager Large Cap Growth Strategies Fund, June 30, 2026 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Oil, Gas & Consumable Fuels 0.9%
Exxon Mobil Corp.
101,215
13,838,115
HF Sinclair Corp.
80,515
5,607,869
Phillips 66
139,060
23,508,093
Total
42,954,077
Total Energy
51,752,087
Financials 6.2%
Banks 1.2%
Bank of America Corp.
29,839
1,700,226
Citigroup, Inc.
141,505
19,805,040
Popular, Inc.
191,638
31,463,127
Total
52,968,393
Capital Markets 2.0%
Charles Schwab Corp. (The)
44,186
4,077,042
FactSet Research Systems, Inc.
32,762
7,537,881
Goldman Sachs Group, Inc. (The)
28,599
28,924,171
Hamilton Lane, Inc., Class A
182,120
14,356,520
Morningstar, Inc.
108,124
16,869,506
SEI Investments Co.
186,619
16,368,352
XP, Inc., Class A
98,839
1,607,122
Total
89,740,594
Consumer Finance 0.4%
Ally Financial, Inc.
367,197
16,872,702
Financial Services 2.6%
Berkshire Hathaway, Inc., Class B(a)
12,983
6,496,564
Block, Inc., Class A(a)
158,071
12,013,396
Chime Financial, Inc., Class A(a)
109,936
2,251,489
MasterCard, Inc., Class A
25,722
13,210,819
Visa, Inc., Class A
246,452
84,555,217
Total
118,527,485
Total Financials
278,109,174
Health Care 8.1%
Biotechnology 3.7%
AbbVie, Inc.
57,963
14,585,809
Alnylam Pharmaceuticals, Inc.(a)
57,928
17,438,066
Amgen, Inc.
6,573
2,380,215
Caris Life Sciences, Inc.(a)
478,018
8,518,281
Exelixis, Inc.(a)
215,921
11,748,262
Common Stocks (continued)
Issuer
Shares
Value ($)
Gilead Sciences, Inc.
70,540
8,912,024
Halozyme Therapeutics, Inc.(a)
108,981
8,529,943
Insmed, Inc.(a)
29,962
3,194,548
Natera, Inc.(a)
59,921
16,265,555
Regeneron Pharmaceuticals, Inc.
42,707
26,629,523
Revolution Medicines, Inc.(a)
14,702
2,753,390
Vertex Pharmaceuticals, Inc.(a)
90,336
44,872,601
Total
165,828,217
Health Care Equipment & Supplies 0.3%
Intuitive Surgical, Inc.(a)
37,959
15,095,535
Health Care Providers & Services 0.1%
HCA Healthcare, Inc.
2,220
865,556
Hims & Hers Health, Inc., Class A(a)
21,244
736,530
McKesson Corp.
857
647,549
Total
2,249,635
Life Sciences Tools & Services 0.5%
Illumina, Inc.(a)
43,253
7,605,175
Thermo Fisher Scientific, Inc.
32,724
16,406,505
Total
24,011,680
Pharmaceuticals 3.5%
Bristol-Myers Squibb Co.
11,599
668,334
Eli Lilly & Co.
63,084
75,664,842
Johnson & Johnson
72,902
18,514,921
Merck & Co., Inc.
71,462
9,182,867
Novartis AG, ADR
124,358
19,489,386
Novo Nordisk A/S, ADR
457,753
21,944,679
Roche Holding AG, ADR
282,926
14,528,250
Total
159,993,279
Total Health Care
367,178,346
Industrials 9.0%
Aerospace & Defense 3.5%
Boeing Co. (The)(a)
325,540
70,469,644
General Electric Co.
66,386
24,810,440
Howmet Aerospace, Inc.
145,017
38,989,271
Rocket Lab Corp.(a)
160,890
16,354,468
RTX Corp.
47,350
8,983,715
Total
159,607,538
Multi-Manager Large Cap Growth Strategies Fund  | 2026
3
Portfolio of Investments  (continued)
Multi-Manager Large Cap Growth Strategies Fund, June 30, 2026 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Air Freight & Logistics 0.5%
Expeditors International of Washington, Inc.
124,346
20,265,911
Construction & Engineering 0.9%
Comfort Systems U.S.A., Inc.
4,752
9,418,226
Dycom Industries, Inc.(a)
14,340
7,250,161
EMCOR Group, Inc.
3,019
2,505,408
Everus Construction Group, Inc.(a)
12,700
2,107,565
Quanta Services, Inc.
17,046
12,273,802
Sterling Infrastructure, Inc.(a)
10,082
8,462,427
Total
42,017,589
Electrical Equipment 2.2%
Bloom Energy Corp., Class A(a)
25,867
7,829,941
GE Vernova, Inc.
58,619
68,869,118
Powell Industries, Inc.
4,229
1,211,016
Vertiv Holdings Co.
47,680
15,964,218
Vicor Corp.(a)
18,419
6,995,168
Total
100,869,461
Ground Transportation 0.4%
Lyft, Inc., Class A(a)
400,488
5,851,130
Union Pacific Corp.
38,386
10,440,992
XPO, Inc.(a)
4,212
864,681
Total
17,156,803
Industrial Conglomerates 0.2%
3M Co.
50,784
8,222,438
Machinery 1.2%
Caterpillar, Inc.
24,048
25,608,715
Deere & Co.
44,549
28,258,767
Total
53,867,482
Professional Services 0.1%
ExlService Holdings, Inc.(a)
66,175
1,711,286
UL Solutions, Inc., Class A
15,013
1,529,224
Total
3,240,510
Total Industrials
405,247,732
Common Stocks (continued)
Issuer
Shares
Value ($)
Information Technology 43.3%
Communications Equipment 2.1%
Applied Optoelectronics, Inc.(a)
12,002
1,778,216
Arista Networks, Inc.(a)
172,191
29,251,807
Ciena Corp.(a)
62,720
30,767,923
Cisco Systems, Inc.
67,590
7,939,121
Lumentum Holdings, Inc.(a)
13,881
11,910,731
Motorola Solutions, Inc.
25,188
10,460,325
Viavi Solutions, Inc.(a)
50,100
2,392,275
Total
94,500,398
Electronic Equipment, Instruments & Components 2.5%
Advanced Energy Industries, Inc.
34,180
12,744,697
Amphenol Corp., Class A
209,712
36,976,420
Celestica, Inc.(a)
15,858
5,784,998
Corning, Inc.
88,951
22,720,754
Fabrinet(a)
11,035
6,202,553
Jabil, Inc.
33,776
13,019,972
Sanmina Corp.(a)
56,182
14,218,541
TTM Technologies, Inc.(a)
11,294
2,112,204
Total
113,780,139
IT Services 1.8%
Cloudflare, Inc.(a)
696
170,715
DigitalOcean Holdings, Inc.(a)
35,675
5,602,045
International Business Machines Corp.
9,681
2,722,394
MongoDB, Inc.(a)
36,857
12,380,266
Shopify, Inc., Class A(a)
305,559
34,888,727
Snowflake, Inc., Class A(a)
47,332
12,045,994
Twilio, Inc., Class A(a)
71,224
14,695,648
Total
82,505,789
Semiconductors & Semiconductor Equipment 21.0%
Advanced Micro Devices, Inc.(a)
105,957
61,551,481
Analog Devices, Inc.
25,655
10,189,396
Applied Materials, Inc.
11,960
8,647,080
Broadcom, Inc.
382,601
144,527,528
Cerebras Systems, Inc., Class A(a)
2,962
654,602
KLA Corp.
35,990
10,858,543
Lam Research Corp.
96,561
41,842,778
Marvell Technology, Inc.
20,508
6,109,128
4
Multi-Manager Large Cap Growth Strategies Fund  | 2026
Portfolio of Investments  (continued)
Multi-Manager Large Cap Growth Strategies Fund, June 30, 2026 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Micron Technology, Inc.
40,794
47,088,106
NVIDIA Corp.
2,853,483
570,953,414
Rambus, Inc.(a)
7,289
967,542
Semtech Corp.(a)
9,160
1,482,546
Taiwan Semiconductor Manufacturing Co., Ltd.,
ADR
45,599
21,776,714
Texas Instruments, Inc.
63,486
18,923,272
Total
945,572,130
Software 8.6%
Adobe, Inc.(a)
3,968
813,519
AppLovin Corp.(a)
4,863
2,505,564
Autodesk, Inc.(a)
142,232
27,652,745
CrowdStrike Holdings, Inc., Class A(a)
17,981
13,722,020
Datadog, Inc., Class A(a)
18,969
4,938,769
Elastic NV(a)
36,502
2,081,344
Gen Digital, Inc.
518,632
12,908,750
Intuit, Inc.
9,182
2,396,502
Microsoft Corp.
524,797
195,759,777
nCino, Inc.(a)
148,985
2,435,905
Oracle Corp.
398,015
58,329,098
Palantir Technologies, Inc., Class A(a)
103,474
12,072,312
Palo Alto Networks, Inc.(a)
33,676
11,484,190
Pegasystems, Inc.
110,796
3,320,556
Rubrik, Inc., Class A(a)
30,340
2,435,695
Salesforce, Inc.
138,744
21,735,635
ServiceNow, Inc.(a)
8,842
877,834
Teradata Corp.(a)
131,372
4,552,040
Workday, Inc., Class A(a)
49,850
6,102,637
Zscaler, Inc.(a)
6,313
891,080
Total
387,015,972
Technology Hardware, Storage & Peripherals 7.3%
Apple, Inc.
783,544
226,726,292
Dell Technologies, Inc.
53,599
23,125,824
Everpure, Inc., Class A(a)
39,266
3,093,768
NetApp, Inc.
35,877
5,552,324
Common Stocks (continued)
Issuer
Shares
Value ($)
Sandisk Corp.(a)
17,779
40,424,646
Super Micro Computer, Inc.(a)
129,299
3,792,340
Western Digital Corp.
42,487
27,137,297
Total
329,852,491
Total Information Technology
1,953,226,919
Materials 0.4%
Metals & Mining 0.4%
Anglogold Ashanti PLC
13,032
1,054,159
Freeport-McMoRan, Inc.
122,423
7,699,182
Southern Copper Corp.
49,018
8,541,877
Total
17,295,218
Total Materials
17,295,218
Total Common Stocks
(Cost $3,730,690,332)
4,391,230,783
 
Exchange-Traded Equity Funds 1.7%
 
Shares
Value ($)
U.S. Large Cap 1.7%
Invesco QQQ Trust Series 1 ETF
77,674
57,199,134
Natixis Loomis Sayles Focused Growth ETF(a)
412,285
17,369,567
Total
74,568,701
Total Exchange-Traded Equity Funds
(Cost $74,102,540)
74,568,701
 
Money Market Funds 1.1%
 
 
 
Columbia Short-Term Cash Fund, 3.767%(b),(c)
50,202,619
50,172,497
Total Money Market Funds
(Cost $50,176,796)
50,172,497
Total Investments in Securities
(Cost: $3,854,969,668)
4,515,971,981
Other Assets & Liabilities, Net
(4,563,160
)
Net Assets
4,511,408,821
Multi-Manager Large Cap Growth Strategies Fund  | 2026
5
Portfolio of Investments  (continued)
Multi-Manager Large Cap Growth Strategies Fund, June 30, 2026 (Unaudited)
Notes to Portfolio of Investments 
(a)
Non-income producing investment.
(b)
The rate shown is the seven-day current annualized yield at June 30, 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 June 30, 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, 3.767%
 
71,028,509
234,461,305
(255,318,795
)
1,478
50,172,497
(8,754
)
463,477
50,202,619
Abbreviation Legend 
ADR
American Depositary Receipt
Investments are valued using policies described in the Notes to Financial Statements included within the most recent financial statements and additional information.
6
Multi-Manager Large Cap Growth Strategies Fund  | 2026
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1QT345_(08/26)