Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)
November 27 2023 - 8:57AM
Edgar (US Regulatory)
Third Quarter
Report
September 30, 2023 (Unaudited)
Tri-Continental
Corporation
Not FDIC or NCUA Insured
• No Financial Institution Guarantee • May Lose Value
Portfolio of Investments
Tri-Continental Corporation, September 30, 2023 (Unaudited)
(Percentages represent value of
investments compared to net assets)
Investments in securities
| Common Stocks 70.0%
|
| Issuer
| Shares
| Value ($)
|
| Communication Services 5.5%
|
| Diversified Telecommunication Services 0.5%
|
| AT&T, Inc.
| 310,000
| 4,656,200
|
| Verizon Communications, Inc.
| 135,000
| 4,375,350
|
| Total
|
| 9,031,550
|
| Entertainment 0.1%
|
| Electronic Arts, Inc.
| 10,639
| 1,280,936
|
| Interactive Media & Services 4.4%
|
| Alphabet, Inc., Class A(a)
| 342,846
| 44,864,827
|
| Meta Platforms, Inc., Class A(a)
| 91,347
| 27,423,283
|
| Total
|
| 72,288,110
|
| Media 0.5%
|
| Comcast Corp., Class A
| 145,000
| 6,429,300
|
| Fox Corp., Class A
| 38,478
| 1,200,514
|
| Total
|
| 7,629,814
|
| Total Communication Services
| 90,230,410
|
| Consumer Discretionary 6.2%
|
| Automobiles 0.4%
|
| Tesla, Inc.(a)
| 29,158
| 7,295,915
|
| Broadline Retail 1.8%
|
| Amazon.com, Inc.(a)
| 108,727
| 13,821,376
|
| eBay, Inc.
| 239,667
| 10,566,918
|
| Macy’s, Inc.
| 385,000
| 4,469,850
|
| Total
|
| 28,858,144
|
| Hotels, Restaurants & Leisure 1.5%
|
| Booking Holdings, Inc.(a)
| 3,186
| 9,825,465
|
| Darden Restaurants, Inc.
| 27,500
| 3,938,550
|
| Expedia Group, Inc.(a)
| 18,233
| 1,879,275
|
| MGM Resorts International
| 90,126
| 3,313,032
|
| Royal Caribbean Cruises Ltd.(a)
| 61,970
| 5,709,916
|
| Total
|
| 24,666,238
|
| Household Durables 1.1%
|
| Lennar Corp., Class A
| 79,189
| 8,887,381
|
| Newell Brands, Inc.
| 325,000
| 2,934,750
|
| PulteGroup, Inc.
| 90,032
| 6,666,870
|
| Total
|
| 18,489,001
|
| Common Stocks (continued)
|
| Issuer
| Shares
| Value ($)
|
| Specialty Retail 1.4%
|
| Best Buy Co., Inc.
| 62,348
| 4,331,316
|
| Home Depot, Inc. (The)
| 13,500
| 4,079,160
|
| O’Reilly Automotive, Inc.(a)
| 7,090
| 6,443,817
|
| TJX Companies, Inc. (The)
| 81,817
| 7,271,895
|
| Total
|
| 22,126,188
|
| Total Consumer Discretionary
| 101,435,486
|
| Consumer Staples 4.5%
|
| Consumer Staples Distribution & Retail 1.2%
|
| Kroger Co. (The)
| 25,723
| 1,151,104
|
| Walmart, Inc.
| 115,612
| 18,489,827
|
| Total
|
| 19,640,931
|
| Food Products 1.5%
|
| Archer-Daniels-Midland Co.
| 164,557
| 12,410,889
|
| General Mills, Inc.
| 52,499
| 3,359,411
|
| Kraft Heinz Co. (The)
| 265,000
| 8,914,600
|
| Total
|
| 24,684,900
|
| Household Products 0.1%
|
| Procter & Gamble Co. (The)
| 15,162
| 2,211,529
|
| Personal Care Products 0.3%
|
| Kenvue, Inc.
| 200,000
| 4,016,000
|
| Tobacco 1.4%
|
| Altria Group, Inc.
| 346,616
| 14,575,203
|
| Philip Morris International, Inc.
| 92,500
| 8,563,650
|
| Total
|
| 23,138,853
|
| Total Consumer Staples
| 73,692,213
|
| Energy 4.5%
|
| Oil, Gas & Consumable Fuels 4.5%
|
| Chesapeake Energy Corp.
| 52,500
| 4,527,075
|
| Chevron Corp.
| 55,000
| 9,274,100
|
| Exxon Mobil Corp.
| 231,933
| 27,270,682
|
| Marathon Petroleum Corp.
| 84,215
| 12,745,098
|
| Pioneer Natural Resources Co.
| 37,500
| 8,608,125
|
| Valero Energy Corp.
| 86,588
| 12,270,386
|
| Total
|
| 74,695,466
|
| Total Energy
| 74,695,466
|
| 2
| Tri-Continental Corporation | Third Quarter Report 2023
|
Portfolio of Investments (continued)
Tri-Continental Corporation, September 30, 2023 (Unaudited)
| Common Stocks (continued)
|
| Issuer
| Shares
| Value ($)
|
| Financials 10.4%
|
| Banks 2.4%
|
| Citigroup, Inc.
| 228,430
| 9,395,326
|
| JPMorgan Chase & Co.
| 60,000
| 8,701,200
|
| M&T Bank Corp.
| 70,000
| 8,851,500
|
| New York Community Bancorp, Inc.
| 425,000
| 4,819,500
|
| Wells Fargo & Co.
| 193,477
| 7,905,470
|
| Total
|
| 39,672,996
|
| Capital Markets 3.3%
|
| Ares Capital Corp.
| 450,000
| 8,761,500
|
| Blackstone Secured Lending Fund
| 235,000
| 6,429,600
|
| Carlyle Group, Inc. (The)
| 140,000
| 4,222,400
|
| CME Group, Inc.
| 21,815
| 4,367,799
|
| Morgan Stanley
| 227,195
| 18,555,016
|
| State Street Corp.
| 176,203
| 11,798,553
|
| Total
|
| 54,134,868
|
| Consumer Finance 0.3%
|
| Synchrony Financial
| 168,645
| 5,155,478
|
| Financial Services 1.5%
|
| Clovis Liquidation Trust(a),(b),(c)
| 9,371,357
| 796,565
|
| Fiserv, Inc.(a)
| 38,600
| 4,360,256
|
| MasterCard, Inc., Class A
| 26,862
| 10,634,934
|
| Visa, Inc., Class A
| 36,359
| 8,362,934
|
| Total
|
| 24,154,689
|
| Insurance 2.1%
|
| Marsh & McLennan Companies, Inc.
| 84,183
| 16,020,025
|
| MetLife, Inc.
| 291,813
| 18,357,956
|
| Total
|
| 34,377,981
|
| Mortgage Real Estate Investment Trusts (REITS) 0.8%
|
| Blackstone Mortgage Trust, Inc.
| 300,000
| 6,525,000
|
| Starwood Property Trust, Inc.
| 325,000
| 6,288,750
|
| Total
|
| 12,813,750
|
| Total Financials
| 170,309,762
|
| Common Stocks (continued)
|
| Issuer
| Shares
| Value ($)
|
| Health Care 9.7%
|
| Biotechnology 2.3%
|
| AbbVie, Inc.
| 116,081
| 17,303,034
|
| Amgen, Inc.
| 34,313
| 9,221,962
|
| BioMarin Pharmaceutical, Inc.(a)
| 25,654
| 2,269,866
|
| Regeneron Pharmaceuticals, Inc.(a)
| 5,610
| 4,616,805
|
| Vertex Pharmaceuticals, Inc.(a)
| 13,950
| 4,850,973
|
| Total
|
| 38,262,640
|
| Health Care Equipment & Supplies 2.5%
|
| Abbott Laboratories
| 111,213
| 10,770,979
|
| Align Technology, Inc.(a)
| 32,082
| 9,795,276
|
| Baxter International, Inc.
| 107,500
| 4,057,050
|
| Hologic, Inc.(a)
| 148,861
| 10,330,954
|
| Medtronic PLC
| 77,500
| 6,072,900
|
| Total
|
| 41,027,159
|
| Health Care Providers & Services 2.0%
|
| Cardinal Health, Inc.
| 151,327
| 13,138,210
|
| CVS Health Corp.
| 79,352
| 5,540,357
|
| Humana, Inc.
| 27,256
| 13,260,589
|
| Total
|
| 31,939,156
|
| Pharmaceuticals 2.9%
|
| Bristol-Myers Squibb Co.
| 369,388
| 21,439,279
|
| Merck & Co., Inc.
| 82,500
| 8,493,375
|
| Pfizer, Inc.
| 270,682
| 8,978,522
|
| Viatris, Inc.
| 884,307
| 8,719,267
|
| Total
|
| 47,630,443
|
| Total Health Care
| 158,859,398
|
| Industrials 5.6%
|
| Aerospace & Defense 1.0%
|
| Lockheed Martin Corp.
| 28,561
| 11,680,307
|
| RTX Corp.
| 77,500
| 5,577,675
|
| Total
|
| 17,257,982
|
| Air Freight & Logistics 1.2%
|
| FedEx Corp.
| 43,600
| 11,550,512
|
| United Parcel Service, Inc., Class B
| 47,500
| 7,403,825
|
| Total
|
| 18,954,337
|
| Building Products 0.1%
|
| Masco Corp.
| 42,282
| 2,259,973
|
Tri-Continental Corporation | Third Quarter Report 2023
| 3
|
Portfolio of Investments (continued)
Tri-Continental Corporation, September 30, 2023 (Unaudited)
| Common Stocks (continued)
|
| Issuer
| Shares
| Value ($)
|
| Ground Transportation 0.2%
|
| Union Pacific Corp.
| 20,000
| 4,072,600
|
| Machinery 2.2%
|
| AGCO Corp.
| 35,000
| 4,139,800
|
| Caterpillar, Inc.
| 48,547
| 13,253,331
|
| Parker-Hannifin Corp.
| 33,537
| 13,063,332
|
| Stanley Black & Decker, Inc.
| 62,500
| 5,223,750
|
| Total
|
| 35,680,213
|
| Professional Services 0.9%
|
| Automatic Data Processing, Inc.
| 60,728
| 14,609,942
|
| Total Industrials
| 92,835,047
|
| Information Technology 16.6%
|
| Communications Equipment 1.7%
|
| Cisco Systems, Inc.
| 520,713
| 27,993,531
|
| Electronic Equipment, Instruments & Components 0.4%
|
| Corning, Inc.
| 200,000
| 6,094,000
|
| IT Services 0.5%
|
| International Business Machines Corp.
| 60,000
| 8,418,000
|
| Semiconductors & Semiconductor Equipment 4.4%
|
| Advanced Micro Devices, Inc.(a)
| 35,810
| 3,681,984
|
| Applied Materials, Inc.
| 11,776
| 1,630,387
|
| Broadcom, Inc.
| 10,000
| 8,305,800
|
| Lam Research Corp.
| 25,383
| 15,909,303
|
| NVIDIA Corp.
| 38,330
| 16,673,167
|
| QUALCOMM, Inc.
| 163,936
| 18,206,732
|
| Texas Instruments, Inc.
| 50,000
| 7,950,500
|
| Total
|
| 72,357,873
|
| Software 5.6%
|
| Adobe, Inc.(a)
| 37,332
| 19,035,587
|
| Autodesk, Inc.(a)
| 67,504
| 13,967,252
|
| Fortinet, Inc.(a)
| 162,863
| 9,556,801
|
| Microsoft Corp.
| 159,037
| 50,215,933
|
| Total
|
| 92,775,573
|
| Common Stocks (continued)
|
| Issuer
| Shares
| Value ($)
|
| Technology Hardware, Storage & Peripherals 4.0%
|
| Apple, Inc.(d)
| 341,196
| 58,416,167
|
| Diebold Nixdorf, Inc.(a)
| 44,011
| 833,568
|
| HP, Inc.
| 225,000
| 5,782,500
|
| Total
|
| 65,032,235
|
| Total Information Technology
| 272,671,212
|
| Materials 2.4%
|
| Chemicals 1.5%
|
| CF Industries Holdings, Inc.
| 55,202
| 4,733,020
|
| Dow, Inc.
| 165,000
| 8,507,400
|
| Mosaic Co. (The)
| 171,674
| 6,111,594
|
| Nutrien Ltd.
| 70,000
| 4,323,200
|
| Total
|
| 23,675,214
|
| Metals & Mining 0.9%
|
| Newmont Corp.
| 115,000
| 4,249,250
|
| Nucor Corp.
| 23,683
| 3,702,837
|
| Steel Dynamics, Inc.
| 65,432
| 7,015,619
|
| Total
|
| 14,967,706
|
| Total Materials
| 38,642,920
|
| Real Estate 2.8%
|
| Hotel & Resort REITs 0.2%
|
| Host Hotels & Resorts, Inc.
| 245,839
| 3,950,633
|
| Industrial REITs 0.3%
|
| Prologis, Inc.
| 37,500
| 4,207,875
|
| Office REITs 0.3%
|
| Boston Properties, Inc.
| 75,000
| 4,461,000
|
| Real Estate Management & Development 0.0%
|
| WeWork, Inc., Class A(a)
| 24,300
| 73,143
|
| Residential REITs 0.3%
|
| Invitation Homes, Inc.
| 150,000
| 4,753,500
|
| Retail REITs 0.5%
|
| Realty Income Corp.
| 85,000
| 4,244,900
|
| Simon Property Group, Inc.
| 40,000
| 4,321,200
|
| Total
|
| 8,566,100
|
| 4
| Tri-Continental Corporation | Third Quarter Report 2023
|
Portfolio of Investments (continued)
Tri-Continental Corporation, September 30, 2023 (Unaudited)
| Common Stocks (continued)
|
| Issuer
| Shares
| Value ($)
|
| Specialized REITs 1.2%
|
| American Tower Corp.
| 22,500
| 3,700,125
|
| SBA Communications Corp.
| 62,396
| 12,489,807
|
| VICI Properties, Inc.
| 150,000
| 4,365,000
|
| Total
|
| 20,554,932
|
| Total Real Estate
| 46,567,183
|
| Utilities 1.8%
|
| Electric Utilities 1.5%
|
| American Electric Power Co., Inc.
| 136,727
| 10,284,605
|
| Duke Energy Corp.
| 45,000
| 3,971,700
|
| Entergy Corp.
| 40,000
| 3,700,000
|
| Evergy, Inc.
| 104,973
| 5,322,131
|
| PG&E Corp.(a)
| 72,100
| 1,162,973
|
| Total
|
| 24,441,409
|
| Multi-Utilities 0.3%
|
| DTE Energy Co.
| 45,000
| 4,467,600
|
| Total Utilities
| 28,909,009
|
Total Common Stocks
(Cost $928,530,652)
| 1,148,848,106
|
| Convertible Bonds 7.3%
|
| Issuer
| Coupon
Rate
|
| Principal
Amount ($)
| Value ($)
|
| Airlines 0.2%
|
| American Airlines Group, Inc.
|
| 07/01/2025
| 6.500%
|
| 3,700,000
| 3,947,900
|
| Automotive 0.2%
|
| Lucid Group, Inc.(e)
|
| 12/15/2026
| 1.250%
|
| 2,000,000
| 1,201,000
|
| Rivian Automotive, Inc.(e)
|
| 03/15/2029
| 4.625%
|
| 2,000,000
| 2,896,000
|
| Total
| 4,097,000
|
| Cable and Satellite 0.5%
|
| DISH Network Corp.
|
| Subordinated
|
| 08/15/2026
| 3.375%
|
| 12,500,000
| 7,512,500
|
| Consumer Products 0.3%
|
| Beauty Health Co. (The)(e)
|
| 10/01/2026
| 1.250%
|
| 5,300,000
| 4,120,750
|
| Convertible Bonds (continued)
|
| Issuer
| Coupon
Rate
|
| Principal
Amount ($)
| Value ($)
|
| Diversified Manufacturing 0.5%
|
| Bloom Energy Corp.(e)
|
| 06/01/2028
| 3.000%
|
| 4,000,000
| 3,992,400
|
| Greenbrier Companies, Inc. (The)
|
| 04/15/2028
| 2.875%
|
| 4,500,000
| 4,239,000
|
| Total
| 8,231,400
|
| Electric 0.5%
|
| Duke Energy Corp.(e)
|
| 04/15/2026
| 4.125%
|
| 4,500,000
| 4,367,250
|
| FirstEnergy Corp.(e)
|
| 05/01/2026
| 4.000%
|
| 4,500,000
| 4,331,250
|
| Total
| 8,698,500
|
| Finance Companies 0.2%
|
| Bread Financial Holdings, Inc.(e)
|
| 06/15/2028
| 4.250%
|
| 3,500,000
| 3,773,350
|
| Health Care 0.3%
|
| CONMED Corp.
|
| 06/15/2027
| 2.250%
|
| 4,500,000
| 4,284,000
|
| Healthcare REIT 0.3%
|
| Welltower OP LLC(e)
|
| 05/15/2028
| 2.750%
|
| 4,200,000
| 4,286,249
|
| Independent Energy 0.0%
|
| Chesapeake Energy Escrow
|
| 09/15/2026
| 0.000%
|
| 9,000,000
| 180,000
|
| Leisure 0.5%
|
| NCL Corp., Ltd.
|
| 02/15/2027
| 2.500%
|
| 5,000,000
| 4,310,000
|
| Royal Caribbean Cruises Ltd.
|
| 08/15/2025
| 6.000%
|
| 2,000,000
| 3,943,000
|
| Total
| 8,253,000
|
| Media and Entertainment 0.3%
|
| fuboTV, Inc.
|
| 02/15/2026
| 3.250%
|
| 7,000,000
| 4,606,000
|
| Other Financial Institutions 0.3%
|
| RWT Holdings, Inc.
|
| 10/01/2025
| 5.750%
|
| 6,000,000
| 5,552,161
|
| Other REIT 0.8%
|
| PennyMac Corp.
|
| 03/15/2026
| 5.500%
|
| 9,500,000
| 8,526,250
|
| Redwood Trust, Inc.
|
| 06/15/2027
| 7.750%
|
| 1,000,000
| 894,375
|
Tri-Continental Corporation | Third Quarter Report 2023
| 5
|
Portfolio of Investments (continued)
Tri-Continental Corporation, September 30, 2023 (Unaudited)
| Convertible Bonds (continued)
|
| Issuer
| Coupon
Rate
|
| Principal
Amount ($)
| Value
($)
|
| Starwood Property Trust, Inc.
|
| 07/15/2027
| 6.750%
|
| 4,200,000
| 4,302,900
|
| Total
| 13,723,525
|
| Other Utility 0.2%
|
| American Water Capital Corp.(e)
|
| 06/15/2026
| 3.625%
|
| 4,200,000
| 4,047,960
|
| Pharmaceuticals 0.8%
|
| BridgeBio Pharma, Inc.
|
| 02/01/2029
| 2.250%
|
| 5,500,000
| 4,097,500
|
| Cytokinetics, Inc.
|
| 07/01/2027
| 3.500%
|
| 4,500,000
| 3,816,450
|
| Mirum Pharmaceuticals, Inc.(e)
|
| 05/01/2029
| 4.000%
|
| 3,500,000
| 4,420,937
|
| Total
| 12,334,887
|
| Retailers 0.4%
|
| Farfetch Ltd.
|
| 05/01/2027
| 3.750%
|
| 5,300,000
| 2,815,890
|
| Wayfair, Inc.
|
| 09/15/2027
| 3.250%
|
| 2,661,000
| 3,203,844
|
| Total
| 6,019,734
|
| Technology 0.7%
|
| 2U, Inc.
|
| 05/01/2025
| 2.250%
|
| 6,500,000
| 3,880,500
|
| CSG Systems International, Inc.(e)
|
| 09/15/2028
| 3.875%
|
| 4,398,000
| 4,279,694
|
| Infinera Corp.
|
| 08/01/2028
| 3.750%
|
| 4,200,000
| 3,910,979
|
| Total
| 12,071,173
|
| Transportation Services 0.3%
|
| Air Transport Services Group, Inc.(e)
|
| 08/15/2029
| 3.875%
|
| 4,400,000
| 4,318,600
|
Total Convertible Bonds
(Cost $128,110,038)
| 120,058,689
|
| Convertible Preferred Stocks 2.8%
|
| Issuer
|
| Shares
| Value ($)
|
| Financials 1.2%
|
| Banks 0.4%
|
| Bank of America Corp.(f)
| 7.250%
| 7,000
| 7,787,500
|
| Capital Markets 0.2%
|
| AMG Capital Trust II
| 5.150%
| 62,500
| 2,934,375
|
| Convertible Preferred Stocks (continued)
|
| Issuer
|
| Shares
| Value ($)
|
| Financial Services 0.6%
|
| Apollo Global Management, Inc.
| 6.750%
| 175,000
| 9,621,500
|
| Total Financials
| 20,343,375
|
| Industrials 0.5%
|
| Machinery 0.3%
|
| Chart Industries, Inc., ADR
| 6.750%
| 65,000
| 4,368,650
|
| Professional Services 0.2%
|
| Clarivate PLC
| 5.250%
| 120,000
| 3,512,400
|
| Total Industrials
| 7,881,050
|
| Utilities 1.1%
|
| Electric Utilities 0.4%
|
| NextEra Energy, Inc.
| 6.926%
| 200,000
| 7,528,000
|
| Gas Utilities 0.7%
|
| Spire, Inc.
| 7.500%
| 130,000
| 5,652,527
|
| UGI Corp.
| 7.250%
| 92,500
| 5,226,250
|
| Total
|
|
| 10,878,777
|
| Total Utilities
| 18,406,777
|
Total Convertible Preferred Stocks
(Cost $53,074,995)
| 46,631,202
|
| Corporate Bonds & Notes 17.8%
|
| Issuer
| Coupon
Rate
|
| Principal
Amount ($)
| Value ($)
|
| Aerospace & Defense 1.0%
|
| Bombardier, Inc.(e)
|
| 06/15/2026
| 7.125%
|
| 8,200,000
| 7,945,766
|
| Rolls-Royce PLC(e)
|
| 10/15/2027
| 5.750%
|
| 4,167,000
| 4,015,092
|
| Spirit AeroSystems, Inc.(e)
|
| 04/15/2025
| 7.500%
|
| 4,500,000
| 4,420,032
|
| Total
| 16,380,890
|
| Airlines 0.2%
|
| American Airlines, Inc.(e)
|
| 02/15/2028
| 7.250%
|
| 4,200,000
| 4,015,766
|
| Automotive 0.3%
|
| Ford Motor Credit Co. LLC
|
| 03/06/2026
| 6.950%
|
| 4,350,000
| 4,339,173
|
| Cable and Satellite 0.4%
|
| Comcast Corp.
|
| 08/15/2025
| 3.375%
|
| 4,500,000
| 4,327,020
|
| 6
| Tri-Continental Corporation | Third Quarter Report 2023
|
Portfolio of Investments (continued)
Tri-Continental Corporation, September 30, 2023 (Unaudited)
| Corporate Bonds & Notes (continued)
|
| Issuer
| Coupon
Rate
|
| Principal
Amount ($)
| Value
($)
|
| Telesat Canada/LLC(e)
|
| 10/15/2027
| 6.500%
|
| 5,286,000
| 2,739,577
|
| Total
| 7,066,597
|
| Chemicals 0.5%
|
| Innophos Holdings, Inc.(e)
|
| 02/15/2028
| 9.375%
|
| 4,300,000
| 4,131,533
|
| Olympus Water US Holding Corp.(e)
|
| 10/01/2029
| 6.250%
|
| 5,500,000
| 4,328,791
|
| Total
| 8,460,324
|
| Construction Machinery 0.3%
|
| PECF USS Intermediate Holding III Corp.(e)
|
| 11/15/2029
| 8.000%
|
| 7,800,000
| 4,231,269
|
| Consumer Cyclical Services 0.3%
|
| Staples, Inc.(e)
|
| 04/15/2026
| 7.500%
|
| 5,000,000
| 4,112,830
|
| Consumer Products 0.9%
|
| Mattel, Inc.(e)
|
| 04/01/2029
| 3.750%
|
| 3,100,000
| 2,697,769
|
| Mattel, Inc.
|
| 10/01/2040
| 6.200%
|
| 1,430,000
| 1,267,362
|
| 11/01/2041
| 5.450%
|
| 745,000
| 610,946
|
| Newell Brands, Inc.
|
| 09/15/2027
| 6.375%
|
| 2,900,000
| 2,765,724
|
| 09/15/2029
| 6.625%
|
| 2,900,000
| 2,770,262
|
| SWF Escrow Issuer Corp.(e)
|
| 10/01/2029
| 6.500%
|
| 7,500,000
| 4,797,933
|
| Total
| 14,909,996
|
| Electric 0.3%
|
| DTE Energy Co.
|
| 11/01/2024
| 4.220%
|
| 4,500,000
| 4,417,290
|
| Food and Beverage 0.7%
|
| Triton Water Holdings, Inc.(e)
|
| 04/01/2029
| 6.250%
|
| 8,442,000
| 6,906,838
|
| United Natural Foods, Inc.(e)
|
| 10/15/2028
| 6.750%
|
| 6,280,000
| 4,789,825
|
| Total
| 11,696,663
|
| Gaming 0.4%
|
| Scientific Games Holdings LP/US FinCo, Inc.(e)
|
| 03/01/2030
| 6.625%
|
| 8,500,000
| 7,335,263
|
| Health Care 1.4%
|
| CVS Health Corp.
|
| 07/20/2045
| 5.125%
|
| 4,500,000
| 3,785,403
|
| Corporate Bonds & Notes (continued)
|
| Issuer
| Coupon
Rate
|
| Principal
Amount ($)
| Value
($)
|
| Quotient Ltd.(b),(c),(e),(g)
|
| 04/15/2030
| 12.000%
|
| 2,683,963
| 2,683,963
|
| Star Parent, Inc.(e)
|
| 10/01/2030
| 9.000%
|
| 4,190,000
| 4,234,204
|
| Surgery Center Holdings, Inc.(e)
|
| 07/01/2025
| 6.750%
|
| 4,200,000
| 4,175,338
|
| Tenet Healthcare Corp.
|
| 10/01/2028
| 6.125%
|
| 8,500,000
| 7,977,081
|
| Total
| 22,855,989
|
| Independent Energy 1.5%
|
| Hilcorp Energy I LP/Finance Co.(e)
|
| 04/15/2030
| 6.000%
|
| 9,000,000
| 8,101,157
|
| Occidental Petroleum Corp.
|
| 07/15/2044
| 4.500%
|
| 6,500,000
| 4,611,316
|
| 04/15/2046
| 4.400%
|
| 7,800,000
| 5,722,692
|
| Southwestern Energy Co.
|
| 02/01/2029
| 5.375%
|
| 6,763,000
| 6,225,159
|
| Total
| 24,660,324
|
| Leisure 1.1%
|
| Carnival Corp.(e)
|
| 05/01/2029
| 6.000%
|
| 10,000,000
| 8,539,519
|
| Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
|
| 10/01/2028
| 6.500%
|
| 4,400,000
| 4,170,616
|
| NCL Corp., Ltd.(e)
|
| 02/15/2029
| 7.750%
|
| 6,000,000
| 5,569,576
|
| Total
| 18,279,711
|
| Media and Entertainment 1.5%
|
| Clear Channel Outdoor Holdings, Inc.(e)
|
| 04/15/2028
| 7.750%
|
| 10,000,000
| 7,983,856
|
| Deluxe Corp.(e)
|
| 06/01/2029
| 8.000%
|
| 5,000,000
| 4,127,256
|
| Lions Gate Capital Holdings LLC(e)
|
| 04/15/2029
| 5.500%
|
| 12,000,000
| 7,921,386
|
| Mav Acquisition Corp.(e)
|
| 08/01/2029
| 8.000%
|
| 5,500,000
| 4,749,316
|
| Total
| 24,781,814
|
| Oil Field Services 0.9%
|
| Nabors Industries Ltd.(e)
|
| 01/15/2026
| 7.250%
|
| 4,400,000
| 4,237,888
|
| 01/15/2028
| 7.500%
|
| 1,754,000
| 1,619,450
|
| Transocean Aquila Ltd.(e),(h)
|
| 09/30/2028
| 8.000%
|
| 4,200,000
| 4,200,019
|
Tri-Continental Corporation | Third Quarter Report 2023
| 7
|
Portfolio of Investments (continued)
Tri-Continental Corporation, September 30, 2023 (Unaudited)
| Corporate Bonds & Notes (continued)
|
| Issuer
| Coupon
Rate
|
| Principal
Amount ($)
| Value
($)
|
| Transocean Titan Financing Ltd.(e)
|
| 02/01/2028
| 8.375%
|
| 4,313,000
| 4,386,362
|
| Total
| 14,443,719
|
| Other Financial Institutions 0.0%
|
| WeWork Companies, Inc.(e),(g)
|
| 08/15/2027
| 12.000%
|
| 4,500,000
| 382,465
|
| Packaging 0.7%
|
| ARD Finance SA(e),(g)
|
| 06/30/2027
| 6.500%
|
| 5,832,350
| 4,403,424
|
| Mauser Packaging Solutions Holding Co.(e)
|
| 04/15/2027
| 9.250%
|
| 9,000,000
| 7,868,793
|
| Total
| 12,272,217
|
| Pharmaceuticals 0.7%
|
| 1375209 BC Ltd.(e)
|
| 01/30/2028
| 9.000%
|
| 1,415,000
| 1,401,119
|
| Amgen, Inc.
|
| 03/02/2025
| 5.250%
|
| 4,500,000
| 4,466,182
|
| Bausch Health Companies, Inc.(e)
|
| 09/30/2028
| 11.000%
|
| 2,515,000
| 1,702,682
|
| 10/15/2030
| 14.000%
|
| 502,000
| 297,753
|
| Organon Finance 1 LLC(e)
|
| 04/30/2031
| 5.125%
|
| 5,000,000
| 4,009,645
|
| Total
| 11,877,381
|
| Restaurants 0.5%
|
| Fertitta Entertainment LLC/Finance Co., Inc.(e)
|
| 01/15/2030
| 6.750%
|
| 10,000,000
| 8,147,804
|
| Retailers 1.0%
|
| Academy Ltd.(e)
|
| 11/15/2027
| 6.000%
|
| 4,867,000
| 4,585,241
|
| Hanesbrands, Inc.(e)
|
| 02/15/2031
| 9.000%
|
| 4,200,000
| 3,995,526
|
| L Brands, Inc.(e)
|
| 10/01/2030
| 6.625%
|
| 4,500,000
| 4,214,425
|
| Magic MergeCo, Inc.(e)
|
| 05/01/2029
| 7.875%
|
| 6,000,000
| 3,933,713
|
| Total
| 16,728,905
|
| Supermarkets 0.3%
|
| Safeway, Inc.
|
| 02/01/2031
| 7.250%
|
| 4,512,000
| 4,657,643
|
| Technology 2.6%
|
| Cloud Software Group, Inc.(e)
|
| 09/30/2029
| 9.000%
|
| 4,500,000
| 3,921,614
|
| Corporate Bonds & Notes (continued)
|
| Issuer
| Coupon
Rate
|
| Principal
Amount ($)
| Value
($)
|
| Consensus Cloud Solutions, Inc.(e)
|
| 10/15/2026
| 6.000%
|
| 5,000,000
| 4,606,307
|
| Minerva Merger Sub, Inc.(e)
|
| 02/15/2030
| 6.500%
|
| 8,000,000
| 6,680,718
|
| Neptune Bidco US, Inc.(e)
|
| 04/15/2029
| 9.290%
|
| 7,254,000
| 6,574,363
|
| NortonLifeLock, Inc.(e)
|
| 09/30/2027
| 6.750%
|
| 5,500,000
| 5,388,740
|
| 09/30/2030
| 7.125%
|
| 3,000,000
| 2,958,354
|
| Picard Midco, Inc.(e)
|
| 03/31/2029
| 6.500%
|
| 5,000,000
| 4,395,884
|
| Rocket Software, Inc.(e)
|
| 02/15/2029
| 6.500%
|
| 8,875,000
| 7,311,697
|
| Total
| 41,837,677
|
| Transportation Services 0.3%
|
| XPO, Inc.(e)
|
| 06/01/2028
| 6.250%
|
| 4,600,000
| 4,442,552
|
Total Corporate Bonds & Notes
(Cost $333,732,665)
| 292,334,262
|
| Preferred Debt 0.3%
|
| Issuer
| Coupon
Rate
|
| Shares
| Value ($)
|
| Banking 0.3%
|
| Citigroup Capital XIII(i)
|
| 10/30/2040
| 12.001%
|
| 150,000
| 4,399,500
|
Total Preferred Debt
(Cost $3,917,075)
| 4,399,500
|
| Warrants —%
|
| Issuer
| Shares
| Value ($)
|
| Health Care —%
|
| Health Care Equipment & Supplies —%
|
| Quotient Ltd.(a),(c)
| 39,425
| 0
|
| Quotient Ltd.(a),(c)
| 181,609
| 0
|
| Total
|
| 0
|
| Total Health Care
| 0
|
Total Warrants
(Cost $—)
| 0
|
|
|
| 8
| Tri-Continental Corporation | Third Quarter Report 2023
|
Portfolio of Investments (continued)
Tri-Continental Corporation, September 30, 2023 (Unaudited)
| Money Market Funds 1.5%
|
|
| Shares
| Value ($)
|
| Columbia Short-Term Cash Fund, 5.515%(j),(k)
| 24,799,046
| 24,791,606
|
Total Money Market Funds
(Cost $24,787,981)
| 24,791,606
|
Total Investments in Securities
(Cost: $1,472,153,406)
| 1,637,063,365
|
| Other Assets & Liabilities, Net
|
| 5,159,044
|
| Net Assets
| 1,642,222,409
|
At September 30, 2023, securities
and/or cash totaling $1,335,438 were pledged as collateral.
Investments in derivatives
| Long futures contracts
|
| Description
| Number of
contracts
| Expiration
date
| Trading
currency
| Notional
amount
| Value/Unrealized
appreciation ($)
| Value/Unrealized
depreciation ($)
|
| S&P 500 Index E-mini
| 63
| 12/2023
| USD
| 13,625,325
| —
| (567,314)
|
Notes to Portfolio of
Investments
| (a)
| Non-income producing investment.
|
| (b)
| Represents fair value as determined in good faith under procedures approved by the Board of Directors. At September 30, 2023, the total value of these securities amounted to
$3,480,528, which represents 0.21% of total net assets.
|
| (c)
| Valuation based on significant unobservable inputs.
|
| (d)
| This security or a portion of this security has been pledged as collateral in connection with derivative contracts.
|
| (e)
| Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section
4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At September 30, 2023, the total value of these securities amounted to $276,255,833, which represents 16.82% of
total net assets.
|
| (f)
| Perpetual security with no specified maturity date.
|
| (g)
| Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash.
|
| (h)
| Represents a security purchased on a when-issued basis.
|
| (i)
| Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then
increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of September 30, 2023.
|
| (j)
| The rate shown is the seven-day current annualized yield at September 30, 2023.
|
| (k)
| As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a
company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended September 30, 2023 are as follows:
|
| Affiliated issuers
| Beginning
of period($)
| Purchases($)
| Sales($)
| Net change in
unrealized
appreciation
(depreciation)($)
| End of
period($)
| Realized gain
(loss)($)
| Dividends($)
| End of
period shares
|
| Columbia Short-Term Cash Fund, 5.515%
|
|
| 16,252,323
| 224,068,586
| (215,530,934)
| 1,631
| 24,791,606
| (5,035)
| 1,094,683
| 24,799,046
|
Abbreviation Legend
| ADR
| American Depositary Receipt
|
Currency Legend
Investments are valued using
policies described in the Notes to Financial Statements in the most recent shareholder report.
Tri-Continental Corporation | Third Quarter Report 2023
| 9
|
You may at any time request, free
of charge, to receive a paper copy of this report by calling 800.345.6611.
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