Tri-Continental Corporation
Third Quarter Report
September 30, 2024 (Unaudited)
  
Not FDIC or NCUA Insured
No Financial Institution Guarantee
May Lose Value
Portfolio of Investments
Tri-Continental Corporation, September 30, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
 
 
Common Stocks 69.9%
Issuer
Shares
Value ($)
Communication Services 5.7%
Diversified Telecommunication Services 0.9%
AT&T, Inc.
476,837
10,490,414
Verizon Communications, Inc.
175,000
7,859,250
Total
18,349,664
Interactive Media & Services 4.5%
Alphabet, Inc., Class A
288,298
47,814,223
Meta Platforms, Inc., Class A
69,431
39,745,082
Total
87,559,305
Media 0.3%
Comcast Corp., Class A
125,000
5,221,250
Total Communication Services
111,130,219
Consumer Discretionary 6.7%
Automobiles 0.4%
Tesla, Inc.(a)
26,439
6,917,236
Broadline Retail 2.3%
Amazon.com, Inc.(a)
196,138
36,546,394
Macy’s, Inc.
515,000
8,080,350
Total
44,626,744
Hotels, Restaurants & Leisure 1.2%
Booking Holdings, Inc.
4,258
17,935,207
Darden Restaurants, Inc.
32,500
5,334,225
Total
23,269,432
Household Durables 1.0%
Lennar Corp., Class A
34,612
6,489,058
Newell Brands, Inc.
450,000
3,456,000
PulteGroup, Inc.
65,890
9,457,191
Total
19,402,249
Specialty Retail 0.6%
Best Buy Co., Inc.
60,000
6,198,000
Home Depot, Inc. (The)
13,500
5,470,200
Total
11,668,200
Common Stocks (continued)
Issuer
Shares
Value ($)
Textiles, Apparel & Luxury Goods 1.2%
Deckers Outdoor Corp.(a)
37,350
5,955,457
Ralph Lauren Corp.
65,241
12,648,273
Tapestry, Inc.
122,036
5,733,251
Total
24,336,981
Total Consumer Discretionary
130,220,842
Consumer Staples 4.7%
Consumer Staples Distribution & Retail 0.6%
Target Corp.
68,263
10,639,471
Food Products 1.6%
Archer-Daniels-Midland Co.
232,412
13,884,293
Bunge Global SA
59,789
5,778,009
Kellanova
60,000
4,842,600
Kraft Heinz Co. (The)
210,000
7,373,100
Total
31,878,002
Household Products 0.8%
Colgate-Palmolive Co.
147,845
15,347,790
Personal Care Products 0.3%
Kenvue, Inc.
265,000
6,129,450
Tobacco 1.4%
Altria Group, Inc.
343,803
17,547,705
Philip Morris International, Inc.
85,000
10,319,000
Total
27,866,705
Total Consumer Staples
91,861,418
Energy 3.3%
Oil, Gas & Consumable Fuels 3.3%
Chevron Corp.
76,345
11,243,328
Diamondback Energy, Inc.
30,000
5,172,000
EOG Resources, Inc.
37,500
4,609,875
Exxon Mobil Corp.
176,223
20,656,860
Marathon Petroleum Corp.
73,301
11,941,466
Valero Energy Corp.
80,480
10,867,214
Total
64,490,743
Total Energy
64,490,743
2
Tri-Continental Corporation  | 2024
Portfolio of Investments  (continued)
Tri-Continental Corporation, September 30, 2024 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Financials 9.5%
Banks 3.0%
Bank of America Corp.
77,331
3,068,494
Citigroup, Inc.
296,277
18,546,940
JPMorgan Chase & Co.
80,638
17,003,329
M&T Bank Corp.
57,500
10,241,900
U.S. Bancorp
110,000
5,030,300
Wells Fargo & Co.
95,520
5,395,925
Total
59,286,888
Capital Markets 2.7%
Ares Capital Corp.
475,000
9,946,500
Bank of New York Mellon Corp. (The)
65,267
4,690,086
Blackstone Secured Lending Fund
250,000
7,322,500
Cboe Global Markets, Inc.
6,292
1,289,042
CME Group, Inc.
47,858
10,559,868
Morgan Stanley
95,000
9,902,800
State Street Corp.
90,947
8,046,081
Total
51,756,877
Consumer Finance 0.2%
Synchrony Financial
86,460
4,312,625
Financial Services 1.2%
Clovis Liquidation Trust(a),(b),(c)
9,371,357
421,711
Fiserv, Inc.(a)
105,256
18,909,240
Visa, Inc., Class A
14,047
3,862,223
Total
23,193,174
Insurance 2.0%
Marsh & McLennan Companies, Inc.
78,792
17,577,707
MetLife, Inc.
95,000
7,835,600
Prudential Financial, Inc.
72,083
8,729,251
Willis Towers Watson PLC
17,133
5,046,183
Total
39,188,741
Mortgage Real Estate Investment Trusts (REITS) 0.4%
Starwood Property Trust, Inc.
365,000
7,438,700
Total Financials
185,177,005
Common Stocks (continued)
Issuer
Shares
Value ($)
Health Care 8.8%
Biotechnology 2.2%
AbbVie, Inc.
96,318
19,020,879
Amgen, Inc.
35,273
11,365,313
BioMarin Pharmaceutical, Inc.(a)
23,262
1,635,086
Regeneron Pharmaceuticals, Inc.(a)
5,088
5,348,709
Vertex Pharmaceuticals, Inc.(a)
12,650
5,883,262
Total
43,253,249
Health Care Equipment & Supplies 2.4%
Baxter International, Inc.
451,302
17,135,937
Hologic, Inc.(a)
161,070
13,120,762
Medtronic PLC
187,521
16,882,516
Total
47,139,215
Health Care Providers & Services 1.5%
Cardinal Health, Inc.
69,968
7,732,863
Cigna Group (The)
39,261
13,601,581
CVS Health Corp.
120,000
7,545,600
Total
28,880,044
Pharmaceuticals 2.7%
Bristol-Myers Squibb Co.
542,793
28,084,110
Johnson & Johnson
8,712
1,411,867
Merck & Co., Inc.
65,000
7,381,400
Pfizer, Inc.
250,000
7,235,000
Viatris, Inc.
801,823
9,309,165
Total
53,421,542
Total Health Care
172,694,050
Industrials 5.9%
Aerospace & Defense 1.0%
Lockheed Martin Corp.
22,890
13,380,578
RTX Corp.
42,500
5,149,300
Total
18,529,878
Air Freight & Logistics 1.1%
FedEx Corp.
59,317
16,233,877
United Parcel Service, Inc., Class B
40,000
5,453,600
Total
21,687,477
Tri-Continental Corporation  | 2024
3
Portfolio of Investments  (continued)
Tri-Continental Corporation, September 30, 2024 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Building Products 0.8%
Masco Corp.
111,584
9,366,361
Trane Technologies PLC
16,412
6,379,837
Total
15,746,198
Ground Transportation 0.3%
CSX Corp.
37,659
1,300,365
Union Pacific Corp.
21,500
5,299,320
Total
6,599,685
Industrial Conglomerates 0.5%
3M Co.
75,258
10,287,769
Machinery 1.8%
AGCO Corp.
42,500
4,159,050
Caterpillar, Inc.
54,966
21,498,302
Snap-On, Inc.
11,734
3,399,457
Stanley Black & Decker, Inc.
55,000
6,057,150
Total
35,113,959
Professional Services 0.4%
Automatic Data Processing, Inc.
28,039
7,759,232
Total Industrials
115,724,198
Information Technology 17.8%
Communications Equipment 1.3%
Arista Networks, Inc.(a)
48,077
18,452,914
Cisco Systems, Inc.
150,000
7,983,000
Total
26,435,914
Electronic Equipment, Instruments & Components 0.5%
Corning, Inc.
200,000
9,030,000
IT Services 0.4%
International Business Machines Corp.
35,000
7,737,800
Semiconductors & Semiconductor Equipment 6.1%
Applied Materials, Inc.
13,807
2,789,704
Broadcom, Inc.
30,000
5,175,000
NVIDIA Corp.
592,920
72,004,205
Qorvo, Inc.(a)
49,313
5,094,033
QUALCOMM, Inc.
141,420
24,048,471
Texas Instruments, Inc.
47,500
9,812,075
Total
118,923,488
Common Stocks (continued)
Issuer
Shares
Value ($)
Software 5.4%
Crowdstrike Holdings, Inc., Class A(a)
11,966
3,356,104
Fortinet, Inc.(a)
76,426
5,926,836
Microsoft Corp.
141,598
60,929,619
Palo Alto Networks, Inc.(a)
30,052
10,271,774
Salesforce, Inc.
77,317
21,162,436
ServiceNow, Inc.(a)
5,297
4,737,584
Total
106,384,353
Technology Hardware, Storage & Peripherals 4.1%
Apple, Inc.(d)
264,853
61,710,749
HP, Inc.
225,000
8,070,750
NetApp, Inc.
76,968
9,506,318
Total
79,287,817
Total Information Technology
347,799,372
Materials 2.1%
Chemicals 1.2%
CF Industries Holdings, Inc.
134,069
11,503,120
Dow, Inc.
140,000
7,648,200
Nutrien Ltd.
105,000
5,046,300
Total
24,197,620
Containers & Packaging 0.3%
International Paper Co.
112,500
5,495,625
Metals & Mining 0.6%
Steel Dynamics, Inc.
95,275
12,012,272
Total Materials
41,705,517
Real Estate 3.1%
Hotel & Resort REITs 0.3%
Host Hotels & Resorts, Inc.
300,803
5,294,133
Industrial REITs 0.2%
Prologis, Inc.
40,000
5,051,200
Office REITs 0.3%
BXP, Inc.
65,000
5,229,900
Residential REITs 0.3%
Invitation Homes, Inc.
145,000
5,112,700
Retail REITs 0.5%
4
Tri-Continental Corporation  | 2024
Portfolio of Investments  (continued)
Tri-Continental Corporation, September 30, 2024 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Realty Income Corp.
82,500
5,232,150
Simon Property Group, Inc.
32,500
5,493,150
Total
10,725,300
Specialized REITs 1.5%
American Tower Corp.
79,302
18,442,473
SBA Communications Corp.
27,076
6,517,193
VICI Properties, Inc.
150,000
4,996,500
Total
29,956,166
Total Real Estate
61,369,399
Utilities 2.3%
Electric Utilities 1.7%
Duke Energy Corp.
45,000
5,188,500
Entergy Corp.
148,895
19,596,071
FirstEnergy Corp.
60,000
2,661,000
PG&E Corp.
337,671
6,675,756
Total
34,121,327
Gas Utilities 0.3%
UGI Corp.
210,000
5,254,200
Multi-Utilities 0.3%
DTE Energy Co.
40,000
5,136,400
Total Utilities
44,511,927
Total Common Stocks
(Cost $938,870,638)
1,366,684,690
 
Convertible Bonds 6.9%
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Airlines 0.2%
American Airlines Group, Inc.
07/01/2025
6.500%
 
3,700,000
3,794,350
Automotive 0.2%
Rivian Automotive, Inc.
03/15/2029
4.625%
 
5,500,000
4,953,437
Cable and Satellite 0.4%
DISH Network Corp.
Subordinated
08/15/2026
3.375%
 
9,300,000
7,461,907
Consumer Products 0.3%
Beauty Health Co. (The)(e)
10/01/2026
1.250%
 
6,000,000
4,957,822
Convertible Bonds (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Diversified Manufacturing 0.5%
Bloom Energy Corp.
06/01/2028
3.000%
 
5,000,000
4,595,757
Greenbrier Companies, Inc. (The)
04/15/2028
2.875%
 
4,500,000
4,936,500
Total
9,532,257
Electric 1.2%
Duke Energy Corp.
04/15/2026
4.125%
 
4,500,000
4,763,250
FirstEnergy Corp.
05/01/2026
4.000%
 
4,500,000
4,709,250
PG&E Corp.(e)
12/01/2027
4.250%
 
7,000,000
7,581,000
WEC Energy Group, Inc.(e)
06/01/2029
4.375%
 
6,700,000
7,413,550
Total
24,467,050
Finance Companies 0.2%
Bread Financial Holdings, Inc.
06/15/2028
4.250%
 
3,000,000
4,320,000
Healthcare REIT 0.3%
Welltower OP LLC(e)
07/15/2029
3.125%
 
4,500,000
5,222,250
Leisure 0.2%
Carnival Corp.
12/01/2027
5.750%
 
3,000,000
4,824,000
Media and Entertainment 0.3%
fuboTV, Inc.
02/15/2026
3.250%
 
7,000,000
5,285,000
Other Financial Institutions 0.3%
RWT Holdings, Inc.
10/01/2025
5.750%
 
6,000,000
5,880,000
Other REIT 0.8%
PennyMac Corp.
03/15/2026
5.500%
 
9,500,000
9,200,750
Redwood Trust, Inc.
06/15/2027
7.750%
 
1,000,000
997,000
Starwood Property Trust, Inc.
07/15/2027
6.750%
 
4,500,000
4,802,839
Total
15,000,589
Pharmaceuticals 0.6%
BridgeBio Pharma, Inc.
02/01/2029
2.250%
 
9,000,000
7,515,000
Tri-Continental Corporation  | 2024
5
Portfolio of Investments  (continued)
Tri-Continental Corporation, September 30, 2024 (Unaudited)
Convertible Bonds (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Mirum Pharmaceuticals, Inc.
05/01/2029
4.000%
 
3,000,000
4,396,124
Total
11,911,124
Retailers 0.3%
Farfetch Ltd.(f)
05/01/2027
0.000%
 
5,300,000
53,000
Wayfair, Inc.
09/15/2027
3.250%
 
4,700,000
5,654,100
Total
5,707,100
Technology 0.7%
CSG Systems International, Inc.
09/15/2028
3.875%
 
4,398,000
4,382,607
Progress Software Corp.(e)
03/01/2030
3.500%
 
4,500,000
5,406,750
Western Digital Corp.(e)
11/15/2028
3.000%
 
3,000,000
4,446,000
Total
14,235,357
Transportation Services 0.4%
Air Transport Services Group, Inc.
08/15/2029
3.875%
 
8,000,000
7,512,800
Total Convertible Bonds
(Cost $132,336,675)
135,065,043
 
Convertible Preferred Stocks 2.8%
Issuer
 
Shares
Value ($)
Financials 1.2%
Banks 0.5%
Bank of America Corp.(g)
7.250%
8,000
10,184,080
Capital Markets 0.2%
AMG Capital Trust II
5.150%
50,000
2,750,000
Financial Services 0.5%
Apollo Global Management, Inc.
6.750%
145,000
9,904,950
Total Financials
22,839,030
Industrials 0.2%
Machinery 0.2%
Chart Industries, Inc., ADR
6.750%
100,000
5,023,000
Total Industrials
5,023,000
Convertible Preferred Stocks (continued)
Issuer
 
Shares
Value ($)
Information Technology 0.6%
Technology Hardware, Storage & Peripherals 0.6%
Hewlett Packard Enterprise Co.
7.625%
180,000
10,905,743
Total Information Technology
10,905,743
Materials 0.3%
Chemicals 0.3%
Albemarle Corp.
7.250%
130,000
5,825,300
Total Materials
5,825,300
Utilities 0.5%
Electric Utilities 0.5%
NextEra Energy, Inc.
6.926%
135,000
6,374,700
NextEra Energy, Inc.
7.299%
60,000
3,338,764
Total
9,713,464
Total Utilities
9,713,464
Total Convertible Preferred Stocks
(Cost $49,731,515)
54,306,537
 
Corporate Bonds & Notes 18.4%
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Aerospace & Defense 0.5%
Boeing Co. (The)(e)
05/01/2054
6.858%
 
4,500,000
4,935,406
United Technologies Corp.
06/01/2042
4.500%
 
5,400,000
5,027,544
Total
9,962,950
Airlines 0.2%
American Airlines, Inc.(e)
02/15/2028
7.250%
 
4,200,000
4,297,982
Apartment REIT 0.3%
Invitation Homes Operating Partnership LP
02/01/2035
4.875%
 
5,000,000
4,935,115
Banking 0.5%
Citigroup, Inc.(h)
Subordinated
09/19/2039
5.411%
 
5,300,000
5,283,292
JPMorgan Chase & Co.(h)
04/22/2052
3.328%
 
6,500,000
5,018,064
Total
10,301,356
6
Tri-Continental Corporation  | 2024
Portfolio of Investments  (continued)
Tri-Continental Corporation, September 30, 2024 (Unaudited)
Corporate Bonds & Notes (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Building Materials 0.3%
Stanley Black & Decker, Inc.
11/15/2048
4.850%
 
5,300,000
4,954,481
Cable and Satellite 0.1%
Telesat Canada/LLC(e)
10/15/2027
6.500%
 
5,286,000
1,753,493
Chemicals 0.9%
INEOS Finance PLC(e)
04/15/2029
7.500%
 
4,500,000
4,703,800
Innophos Holdings, Inc.(e)
02/15/2028
9.375%
 
5,500,000
5,166,420
Olympus Water US Holding Corp.(e)
10/01/2029
6.250%
 
7,300,000
7,063,396
Total
16,933,616
Consumer Products 0.8%
Mattel, Inc.(e)
04/01/2029
3.750%
 
2,700,000
2,584,021
Mattel, Inc.
10/01/2040
6.200%
 
1,430,000
1,471,028
11/01/2041
5.450%
 
745,000
712,423
Newell Brands, Inc.(h)
04/01/2036
6.875%
 
3,300,000
3,143,691
Newell Brands, Inc.
04/01/2046
7.000%
 
3,700,000
3,313,240
SWF Escrow Issuer Corp.(e)
10/01/2029
6.500%
 
7,500,000
4,785,199
Total
16,009,602
Electric 1.6%
DTE Energy Co.
11/01/2024
4.220%
 
4,500,000
4,494,108
Duke Energy Corp.(h)
09/01/2054
6.450%
 
4,900,000
5,097,272
Entergy Corp.(h)
12/01/2054
7.125%
 
7,000,000
7,273,983
FirstEnergy Corp.
03/01/2050
3.400%
 
3,500,000
2,575,118
Pacific Gas and Electric Co.
07/01/2050
4.950%
 
8,000,000
7,285,445
Wisconsin Electric Power Co.
10/01/2054
5.050%
 
5,000,000
4,970,135
Total
31,696,061
Corporate Bonds & Notes (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Food and Beverage 0.7%
Triton Water Holdings, Inc.(e)
04/01/2029
6.250%
 
8,442,000
8,429,824
United Natural Foods, Inc.(e)
10/15/2028
6.750%
 
6,280,000
5,989,617
Total
14,419,441
Gaming 0.4%
Scientific Games Holdings LP/US FinCo, Inc.(e)
03/01/2030
6.625%
 
8,500,000
8,439,735
Health Care 1.1%
CVS Health Corp.
07/20/2045
5.125%
 
5,000,000
4,660,182
Quotient Ltd.(b),(c),(e),(i)
04/15/2030
12.000%
 
3,020,822
2,930,197
Star Parent, Inc.(e)
10/01/2030
9.000%
 
4,100,000
4,405,061
Tenet Healthcare Corp.
10/01/2028
6.125%
 
8,500,000
8,570,428
Total
20,565,868
Independent Energy 1.2%
Hilcorp Energy I LP/Finance Co.(e)
04/15/2030
6.000%
 
9,000,000
8,769,086
Occidental Petroleum Corp.
07/15/2044
4.500%
 
8,900,000
7,237,316
04/15/2046
4.400%
 
8,600,000
7,022,794
Total
23,029,196
Leisure 0.6%
Carnival Corp.(e)
05/01/2029
6.000%
 
4,800,000
4,857,665
NCL Corp., Ltd.(e)
02/15/2029
7.750%
 
6,000,000
6,427,647
Total
11,285,312
Life Insurance 0.3%
MetLife, Inc.
07/15/2052
5.000%
 
5,000,000
4,943,898
Media and Entertainment 1.4%
Clear Channel Outdoor Holdings, Inc.(e)
04/15/2028
7.750%
 
10,000,000
8,945,668
Deluxe Corp.(e)
06/01/2029
8.000%
 
5,000,000
4,742,489
Lions Gate Capital Holdings LLC(e)
04/15/2029
5.500%
 
12,000,000
8,790,631
Tri-Continental Corporation  | 2024
7
Portfolio of Investments  (continued)
Tri-Continental Corporation, September 30, 2024 (Unaudited)
Corporate Bonds & Notes (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Mav Acquisition Corp.(e)
08/01/2029
8.000%
 
5,500,000
5,523,172
Total
28,001,960
Oil Field Services 0.9%
Nabors Industries Ltd.(e)
01/15/2028
7.500%
 
5,054,000
4,741,517
Nabors Industries, Inc.(e)
08/15/2031
8.875%
 
4,800,000
4,565,616
Transocean Aquila Ltd.(e)
09/30/2028
8.000%
 
4,200,000
4,294,406
Transocean Titan Financing Ltd.(e)
02/01/2028
8.375%
 
4,313,000
4,443,306
Total
18,044,845
Other Financial Institutions 0.2%
Vortex Opco LLC.(e)
04/30/2030
8.000%
 
4,890,600
1,954,878
Vortex Opco LLC.(e),(j)
3-month Term SOFR + 6.250%
Floor 0.500%
04/30/2030
11.262%
 
1,123,200
1,124,315
WeWork Companies US LLC(b),(c),(e)
08/15/2027
0.000%
 
4,500,000
0
Total
3,079,193
Other REIT 0.2%
Prologis LP
03/15/2054
5.250%
 
4,500,000
4,571,141
Packaging 0.5%
ARD Finance SA(e),(i)
06/30/2027
6.500%
 
5,832,350
1,340,460
Mauser Packaging Solutions Holding Co.(e)
04/15/2027
9.250%
 
9,000,000
9,233,477
Total
10,573,937
Pharmaceuticals 0.7%
1375209 BC Ltd.(e)
01/30/2028
9.000%
 
1,415,000
1,402,190
Bausch Health Companies, Inc.(e)
09/30/2028
11.000%
 
2,515,000
2,339,522
Merck & Co., Inc.
05/17/2053
5.000%
 
4,700,000
4,735,286
Organon & Co./Foreign Debt Co-Issuer BV(e)
05/15/2034
7.875%
 
3,900,000
4,131,800
Corporate Bonds & Notes (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Organon Finance 1 LLC(e)
04/30/2031
5.125%
 
833,000
783,912
Total
13,392,710
Property & Casualty 0.2%
Panther Escrow Issuer LLC(e)
06/01/2031
7.125%
 
4,500,000
4,717,792
Restaurants 0.5%
Fertitta Entertainment LLC/Finance Co., Inc.(e)
01/15/2030
6.750%
 
10,000,000
9,302,258
Retailers 0.9%
Academy Ltd.(e)
11/15/2027
6.000%
 
4,867,000
4,880,711
Hanesbrands, Inc.(e)
02/15/2031
9.000%
 
4,200,000
4,534,240
L Brands, Inc.(e)
10/01/2030
6.625%
 
4,500,000
4,584,950
Magic MergeCo, Inc.(e)
05/01/2029
7.875%
 
7,500,000
4,408,243
Total
18,408,144
Supermarkets 0.2%
Safeway, Inc.
02/01/2031
7.250%
 
4,200,000
4,326,712
Technology 2.7%
Broadcom, Inc.(e)
02/15/2041
3.500%
 
6,000,000
4,935,266
Cloud Software Group, Inc.(e)
09/30/2029
9.000%
 
4,500,000
4,579,943
Consensus Cloud Solutions, Inc.(e)
10/15/2026
6.000%
 
5,000,000
4,994,439
Hewlett Packard Enterprise Co.
10/15/2054
5.600%
 
5,200,000
5,103,944
Minerva Merger Sub, Inc.(e)
02/15/2030
6.500%
 
8,000,000
7,690,646
Neptune Bidco US, Inc.(e)
04/15/2029
9.290%
 
7,254,000
7,101,482
NortonLifeLock, Inc.(e)
09/30/2027
6.750%
 
4,700,000
4,831,147
Picard Midco, Inc.(e)
03/31/2029
6.500%
 
5,000,000
4,976,300
Rocket Software, Inc.(e)
02/15/2029
6.500%
 
8,875,000
8,442,270
Total
52,655,437
8
Tri-Continental Corporation  | 2024
Portfolio of Investments  (continued)
Tri-Continental Corporation, September 30, 2024 (Unaudited)
Corporate Bonds & Notes (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Transportation Services 0.5%
Hertz Corp. (The)(e)
07/15/2029
12.625%
 
4,600,000
5,017,346
XPO, Inc.(e)
06/01/2028
6.250%
 
4,600,000
4,713,675
Total
9,731,021
Total Corporate Bonds & Notes
(Cost $369,302,075)
360,333,256
 
Preferred Debt 0.3%
Issuer
Coupon
Rate
 
Shares
Value ($)
Banking 0.3%
Citigroup Capital XIII(h)
10/30/2040
11.887%
165,000
4,928,550
Total Preferred Debt
(Cost $4,356,642)
4,928,550
 
Warrants —%
Issuer
Shares
Value ($)
Health Care —%
Health Care Equipment & Supplies —%
Quotient Ltd.(a),(b),(c)
10/13/2026
39,425
0
Quotient Ltd.(a),(b),(c)
07/06/2027
181,609
0
Total
0
Total Health Care
0
Total Warrants
(Cost $—)
0
 
Money Market Funds 1.1%
 
Shares
Value ($)
Columbia Short-Term Cash Fund, 5.123%(k),(l)
21,879,859
21,877,671
Total Money Market Funds
(Cost $21,872,157)
21,877,671
Total Investments in Securities
(Cost: $1,516,469,702)
1,943,195,747
Other Assets & Liabilities, Net
10,983,928
Net Assets
1,954,179,675
At September 30, 2024, securities and/or cash totaling $1,817,400 were pledged as collateral.
Investments in derivatives 
Long futures contracts
Description
Number of
contracts
Expiration
date
Trading
currency
Notional
amount
Value/Unrealized
appreciation ($)
Value/Unrealized
depreciation ($)
S&P 500 Index E-mini
53
12/2024
USD
15,407,763
400,681
—
Tri-Continental Corporation  | 2024
9
Portfolio of Investments  (continued)
Tri-Continental Corporation, September 30, 2024 (Unaudited)
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, 2024, the total value of these securities amounted to $3,351,908, which represents 0.17% 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, 2024, the total value of these securities amounted to $278,633,988, which represents 14.26% of total net assets.
(f)
Represents a security in default.
(g)
Perpetual security with no specified maturity date.
(h)
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, 2024.
(i)
Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash.
(j)
Variable rate security. The interest rate shown was the current rate as of September 30, 2024.
(k)
The rate shown is the seven-day current annualized yield at September 30, 2024.
(l)
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, 2024 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, 5.123%
 
29,152,086
224,437,414
(231,711,188
)
(641
)
21,877,671
2,923
1,075,923
21,879,859
Abbreviation Legend 
ADR
American Depositary Receipt
SOFR
Secured Overnight Financing Rate
Currency Legend 
USD
US Dollar
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
10
Tri-Continental Corporation  | 2024
[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.
3QT240_12_P01_(11/24)
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