Tri-Continental Corporation
First Quarter Report
March 31, 2024 (Unaudited)
  
Not FDIC or NCUA Insured
No Financial Institution Guarantee
May Lose Value
Portfolio of Investments
Tri-Continental Corporation, March 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
 
 
Common Stocks 72.4%
Issuer
Shares
Value ($)
Communication Services 5.7%
Diversified Telecommunication Services 0.7%
AT&T, Inc.
400,000
7,040,000
Verizon Communications, Inc.
165,000
6,923,400
Total
 
13,963,400
Interactive Media & Services 4.7%
Alphabet, Inc., Class A(a)
312,582
47,178,001
Meta Platforms, Inc., Class A
80,924
39,295,076
Total
 
86,473,077
Media 0.3%
Comcast Corp., Class A
110,000
4,768,500
Total Communication Services
105,204,977
Consumer Discretionary 6.9%
Automobiles 0.3%
Tesla, Inc.(a)
28,052
4,931,261
Broadline Retail 2.3%
Amazon.com, Inc.(a)
165,711
29,890,950
eBay, Inc.
139,418
7,358,482
Macy’s, Inc.
325,000
6,496,750
Total
 
43,746,182
Hotels, Restaurants & Leisure 1.1%
Booking Holdings, Inc.
4,687
17,003,874
Darden Restaurants, Inc.
27,500
4,596,625
Total
 
21,600,499
Household Durables 1.3%
Lennar Corp., Class A
76,184
13,102,124
Newell Brands, Inc.
400,000
3,212,000
PulteGroup, Inc.
59,647
7,194,621
Total
 
23,508,745
Specialty Retail 1.3%
Best Buy Co., Inc.
60,000
4,921,800
Home Depot, Inc. (The)
12,000
4,603,200
TJX Companies, Inc. (The)
140,016
14,200,423
Total
 
23,725,423
Common Stocks (continued)
Issuer
Shares
Value ($)
Textiles, Apparel & Luxury Goods 0.6%
Deckers Outdoor Corp.(a)
10,300
9,694,978
Tapestry, Inc.
32,600
1,547,848
Total
 
11,242,826
Total Consumer Discretionary
128,754,936
Consumer Staples 4.4%
Beverages 0.1%
Molson Coors Beverage Co., Class B
30,016
2,018,576
Consumer Staples Distribution & Retail 0.6%
Target Corp.
35,405
6,274,120
Walmart, Inc.
71,609
4,308,714
Total
 
10,582,834
Food Products 1.2%
Bunge Global SA
34,900
3,577,948
General Mills, Inc.
50,507
3,533,975
Kellanova
85,000
4,869,650
Kraft Heinz Co. (The)
260,000
9,594,000
Total
 
21,575,573
Household Products 1.0%
Colgate-Palmolive Co.
177,434
15,977,931
Procter & Gamble Co. (The)
14,587
2,366,741
Total
 
18,344,672
Personal Care Products 0.2%
Kenvue, Inc.
225,000
4,828,500
Tobacco 1.3%
Altria Group, Inc.
364,771
15,911,311
Philip Morris International, Inc.
100,000
9,162,000
Total
 
25,073,311
Total Consumer Staples
82,423,466
Energy 3.9%
Oil, Gas & Consumable Fuels 3.9%
Chevron Corp.
60,000
9,464,400
Diamondback Energy, Inc.
25,000
4,954,250
EOG Resources, Inc.
40,000
5,113,600
Exxon Mobil Corp.
190,122
22,099,781
2
Tri-Continental Corporation  | First Quarter Report 2024
Portfolio of Investments  (continued)
Tri-Continental Corporation, March 31, 2024 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Marathon Petroleum Corp.
81,019
16,325,329
Valero Energy Corp.
83,303
14,218,989
Total
 
72,176,349
Total Energy
72,176,349
Financials 10.4%
Banks 3.0%
Citigroup, Inc.
326,937
20,675,496
JPMorgan Chase & Co.
50,000
10,015,000
M&T Bank Corp.
65,000
9,453,600
Wells Fargo & Co.
268,178
15,543,597
Total
 
55,687,693
Capital Markets 3.1%
Ares Capital Corp.
450,000
9,369,000
BlackRock, Inc.
5,139
4,284,384
Blackstone Secured Lending Fund
225,000
7,008,750
Carlyle Group, Inc. (The)
105,000
4,925,550
Cboe Global Markets, Inc.
6,676
1,226,582
CME Group, Inc.
50,777
10,931,780
Morgan Stanley
105,000
9,886,800
State Street Corp.
140,948
10,898,099
Total
 
58,530,945
Consumer Finance 0.4%
Synchrony Financial
173,045
7,461,700
Financial Services 1.2%
Clovis Liquidation Trust(a),(b),(c)
9,371,357
445,140
Fiserv, Inc.(a)
116,365
18,597,454
Visa, Inc., Class A
14,903
4,159,129
Total
 
23,201,723
Insurance 1.9%
Marsh & McLennan Companies, Inc.
80,989
16,682,114
MetLife, Inc.
198,738
14,728,473
Prudential Financial, Inc.
31,606
3,710,545
Total
 
35,121,132
Mortgage Real Estate Investment Trusts (REITS) 0.8%
Blackstone Mortgage Trust, Inc.
350,000
6,968,500
Starwood Property Trust, Inc.
350,000
7,115,500
Total
 
14,084,000
Total Financials
194,087,193
Common Stocks (continued)
Issuer
Shares
Value ($)
Health Care 9.5%
Biotechnology 2.3%
AbbVie, Inc.
101,643
18,509,190
Amgen, Inc.
38,093
10,830,602
BioMarin Pharmaceutical, Inc.(a)
24,680
2,155,551
Regeneron Pharmaceuticals, Inc.(a)
5,397
5,194,559
Vertex Pharmaceuticals, Inc.(a)
13,421
5,610,112
Total
 
42,300,014
Health Care Equipment & Supplies 2.5%
Align Technology, Inc.(a)
4,167
1,366,443
Baxter International, Inc.
472,811
20,207,942
Hologic, Inc.(a)
170,892
13,322,740
Medtronic PLC
148,229
12,918,157
Total
 
47,815,282
Health Care Providers & Services 1.6%
Cardinal Health, Inc.
138,409
15,487,967
Cigna Group (The)
4,025
1,461,840
CVS Health Corp.
62,500
4,985,000
Humana, Inc.
10,525
3,649,228
Molina Healthcare, Inc.(a)
10,237
4,205,667
Total
 
29,789,702
Pharmaceuticals 3.1%
Bristol-Myers Squibb Co.
469,845
25,479,694
Johnson & Johnson
30,200
4,777,338
Merck & Co., Inc.
75,000
9,896,250
Pfizer, Inc.
250,000
6,937,500
Viatris, Inc.
850,738
10,157,812
Total
 
57,248,594
Total Health Care
177,153,592
Industrials 6.7%
Aerospace & Defense 1.0%
Lockheed Martin Corp.
27,952
12,714,526
RTX Corp.
50,000
4,876,500
Total
 
17,591,026
Air Freight & Logistics 1.5%
FedEx Corp.
62,934
18,234,497
United Parcel Service, Inc., Class B
62,500
9,289,375
Total
 
27,523,872
Tri-Continental Corporation  | First Quarter Report 2024
3
Portfolio of Investments  (continued)
Tri-Continental Corporation, March 31, 2024 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Building Products 0.7%
Builders FirstSource, Inc.(a)
36,523
7,616,872
Masco Corp.
61,134
4,822,250
Total
 
12,439,122
Ground Transportation 0.3%
CSX Corp.
39,955
1,481,132
Union Pacific Corp.
18,500
4,549,705
Total
 
6,030,837
Machinery 2.4%
AGCO Corp.
40,000
4,920,800
Caterpillar, Inc.
46,705
17,114,113
Parker-Hannifin Corp.
29,272
16,269,085
Stanley Black & Decker, Inc.
67,500
6,610,275
Total
 
44,914,273
Professional Services 0.8%
Automatic Data Processing, Inc.
61,704
15,409,957
Total Industrials
123,909,087
Information Technology 17.9%
Communications Equipment 1.4%
Arista Networks, Inc.(a)
4,800
1,391,904
Cisco Systems, Inc.
494,539
24,682,441
Total
 
26,074,345
Electronic Equipment, Instruments & Components 0.4%
Corning, Inc.
200,000
6,592,000
IT Services 0.6%
International Business Machines Corp.
60,000
11,457,600
Semiconductors & Semiconductor Equipment 6.4%
Applied Materials, Inc.
66,996
13,816,585
Broadcom, Inc.
4,000
5,301,640
NVIDIA Corp.
65,972
59,609,661
QUALCOMM, Inc.
181,311
30,695,952
Texas Instruments, Inc.
55,000
9,581,550
Total
 
119,005,388
Common Stocks (continued)
Issuer
Shares
Value ($)
Software 5.8%
Adobe, Inc.(a)
34,020
17,166,492
Autodesk, Inc.(a)
15,726
4,095,365
Fortinet, Inc.(a)
176,491
12,056,100
Microsoft Corp.
153,003
64,371,422
Palo Alto Networks, Inc.(a)
25,200
7,160,076
ServiceNow, Inc.(a)
3,180
2,424,432
Total
 
107,273,887
Technology Hardware, Storage & Peripherals 3.3%
Apple, Inc.(d)
321,152
55,071,145
HP, Inc.
225,000
6,799,500
Total
 
61,870,645
Total Information Technology
332,273,865
Materials 2.2%
Chemicals 1.2%
CF Industries Holdings, Inc.
70,653
5,879,036
Dow, Inc.
125,000
7,241,250
Mosaic Co. (The)
165,161
5,361,126
Nutrien Ltd.
90,000
4,887,900
Total
 
23,369,312
Containers & Packaging 0.3%
International Paper Co.
125,000
4,877,500
Metals & Mining 0.7%
Nucor Corp.
22,784
4,508,954
Steel Dynamics, Inc.
58,449
8,663,895
Total
 
13,172,849
Total Materials
41,419,661
Real Estate 2.8%
Hotel & Resort REITs 0.2%
Host Hotels & Resorts, Inc.
193,938
4,010,638
Industrial REITs 0.3%
Prologis, Inc.
35,000
4,557,700
Office REITs 0.3%
Boston Properties, Inc.
75,000
4,898,250
Real Estate Management & Development 0.0%
WeWork, Inc., Class A(a)
24,300
1,822
Residential REITs 0.3%
4
Tri-Continental Corporation  | First Quarter Report 2024
Portfolio of Investments  (continued)
Tri-Continental Corporation, March 31, 2024 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Invitation Homes, Inc.
175,000
6,231,750
Retail REITs 0.5%
Realty Income Corp.
90,000
4,869,000
Simon Property Group, Inc.
30,000
4,694,700
Total
 
9,563,700
Specialized REITs 1.2%
American Tower Corp.
22,500
4,445,775
SBA Communications Corp.
60,028
13,008,068
VICI Properties, Inc.
160,000
4,766,400
Total
 
22,220,243
Total Real Estate
51,484,103
Utilities 2.0%
Electric Utilities 1.4%
Duke Energy Corp.
50,000
4,835,500
Edison International
49,652
3,511,886
Entergy Corp.
47,500
5,019,800
PG&E Corp.
722,818
12,114,430
Pinnacle West Capital Corp.
18,911
1,413,219
Total
 
26,894,835
Gas Utilities 0.3%
Spire, Inc.
77,500
4,756,175
Multi-Utilities 0.3%
DTE Energy Co.
42,500
4,765,950
Total Utilities
36,416,960
Total Common Stocks
(Cost $945,452,424)
1,345,304,189
 
Convertible Bonds 7.1%
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Aerospace & Defense 0.2%
Rocket Lab USA, Inc.(e)
02/01/2029
4.250%
 
4,000,000
4,235,000
Airlines 0.2%
American Airlines Group, Inc.
07/01/2025
6.500%
 
3,700,000
4,288,300
Automotive 0.2%
Rivian Automotive, Inc.
03/15/2029
4.625%
 
5,500,000
4,402,750
Convertible Bonds (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Cable and Satellite 0.4%
DISH Network Corp.
Subordinated
08/15/2026
3.375%
 
12,500,000
7,781,250
Consumer Products 0.3%
Beauty Health Co. (The)(e)
10/01/2026
1.250%
 
6,000,000
4,923,600
Diversified Manufacturing 0.5%
Bloom Energy Corp.(e)
06/01/2028
3.000%
 
4,500,000
4,083,750
Greenbrier Companies, Inc. (The)
04/15/2028
2.875%
 
4,500,000
4,987,350
Total
9,071,100
Electric 0.9%
Duke Energy Corp.(e)
04/15/2026
4.125%
 
4,500,000
4,446,000
FirstEnergy Corp.(e)
05/01/2026
4.000%
 
4,500,000
4,473,000
PG&E Corp.(e)
12/01/2027
4.250%
 
8,400,000
8,437,800
Total
17,356,800
Finance Companies 0.3%
Bread Financial Holdings, Inc.(e)
06/15/2028
4.250%
 
4,000,000
4,642,400
Healthcare REIT 0.2%
Welltower OP LLC(e)
05/15/2028
2.750%
 
4,000,000
4,452,400
Independent Energy 0.0%
Chesapeake Energy Escrow
09/15/2026
0.000%
 
9,000,000
180,000
Leisure 0.5%
Carnival Corp.
12/01/2027
5.750%
 
2,800,000
4,214,000
NCL Corp., Ltd.
02/15/2027
2.500%
 
5,000,000
4,842,500
Total
9,056,500
Media and Entertainment 0.2%
fuboTV, Inc.
02/15/2026
3.250%
 
6,500,000
4,063,150
Tri-Continental Corporation  | First Quarter Report 2024
5
Portfolio of Investments  (continued)
Tri-Continental Corporation, March 31, 2024 (Unaudited)
Convertible Bonds (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Other Financial Institutions 0.3%
RWT Holdings, Inc.
10/01/2025
5.750%
 
6,000,000
5,790,288
Other REIT 0.8%
PennyMac Corp.
03/15/2026
5.500%
 
9,500,000
9,013,600
Redwood Trust, Inc.
06/15/2027
7.750%
 
1,000,000
957,500
Starwood Property Trust, Inc.
07/15/2027
6.750%
 
4,200,000
4,452,000
Total
14,423,100
Other Utility 0.2%
American Water Capital Corp.(e)
06/15/2026
3.625%
 
4,200,000
4,101,300
Pharmaceuticals 0.5%
BridgeBio Pharma, Inc.
02/01/2029
2.250%
 
5,500,000
4,478,920
Mirum Pharmaceuticals, Inc.(e)
05/01/2029
4.000%
 
3,500,000
3,944,150
Total
8,423,070
Retailers 0.2%
Farfetch Ltd.(f)
05/01/2027
0.000%
 
5,300,000
159,000
Wayfair, Inc.
09/15/2027
3.250%
 
2,661,000
3,499,215
Total
3,658,215
Technology 1.0%
CSG Systems International, Inc.(e)
09/15/2028
3.875%
 
4,398,000
4,328,057
Infinera Corp.
08/01/2028
3.750%
 
4,200,000
4,645,954
Progress Software Corp.(e)
03/01/2030
3.500%
 
4,500,000
4,556,250
Western Digital Corp.(e)
11/15/2028
3.000%
 
3,000,000
4,396,500
Total
17,926,761
Transportation Services 0.2%
Air Transport Services Group, Inc.(e)
08/15/2029
3.875%
 
5,000,000
4,136,435
Total Convertible Bonds
(Cost $138,764,602)
132,912,419
 
Convertible Preferred Stocks 2.5%
Issuer
 
Shares
Value ($)
Financials 1.1%
Banks 0.5%
Bank of America Corp.(g)
7.250%
7,500
8,954,020
Capital Markets 0.1%
AMG Capital Trust II
5.150%
50,000
2,561,000
Financial Services 0.5%
Apollo Global Management, Inc.
6.750%
150,000
9,598,500
Total Financials
21,113,520
Industrials 0.3%
Machinery 0.3%
Chart Industries, Inc., ADR
6.750%
75,000
4,854,000
Total Industrials
4,854,000
Materials 0.4%
Chemicals 0.4%
Albemarle Corp.
7.250%
125,000
7,340,000
Total Materials
7,340,000
Utilities 0.7%
Electric Utilities 0.4%
NextEra Energy, Inc.
6.926%
185,000
7,300,100
Gas Utilities 0.3%
UGI Corp.
7.250%
92,500
5,362,225
Total Utilities
12,662,325
Total Convertible Preferred Stocks
(Cost $46,122,174)
45,969,845
 
Corporate Bonds & Notes 16.4%
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Aerospace & Defense 0.1%
Rolls-Royce PLC(e)
10/15/2027
5.750%
 
2,412,000
2,419,167
Airlines 0.2%
American Airlines, Inc.(e)
02/15/2028
7.250%
 
4,200,000
4,262,878
Cable and Satellite 0.4%
Comcast Corp.
08/15/2025
3.375%
 
4,500,000
4,399,443
Telesat Canada/LLC(e)
10/15/2027
6.500%
 
5,286,000
2,259,140
Total
6,658,583
6
Tri-Continental Corporation  | First Quarter Report 2024
Portfolio of Investments  (continued)
Tri-Continental Corporation, March 31, 2024 (Unaudited)
Corporate Bonds & Notes (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Chemicals 0.7%
INEOS Finance PLC(e)
04/15/2029
7.500%
 
4,500,000
4,513,872
Innophos Holdings, Inc.(e)
02/15/2028
9.375%
 
4,300,000
3,597,489
Olympus Water US Holding Corp.(e)
10/01/2029
6.250%
 
5,500,000
5,022,282
Total
13,133,643
Construction Machinery 0.2%
PECF USS Intermediate Holding III Corp.(e)
11/15/2029
8.000%
 
7,800,000
4,150,578
Consumer Cyclical Services 0.3%
Staples, Inc.(e)
04/15/2026
7.500%
 
5,000,000
4,879,490
Consumer Products 0.9%
Mattel, Inc.(e)
04/01/2029
3.750%
 
3,100,000
2,854,530
Mattel, Inc.
10/01/2040
6.200%
 
1,430,000
1,427,026
11/01/2041
5.450%
 
745,000
692,078
Newell Brands, Inc.
09/15/2027
6.375%
 
2,900,000
2,862,323
09/15/2029
6.625%
 
2,900,000
2,833,715
SWF Escrow Issuer Corp.(e)
10/01/2029
6.500%
 
7,500,000
5,541,448
Total
16,211,120
Electric 0.5%
DTE Energy Co.
11/01/2024
4.220%
 
4,500,000
4,459,612
Pacific Gas and Electric Co.
07/01/2050
4.950%
 
5,500,000
4,738,028
Total
9,197,640
Food and Beverage 0.7%
Triton Water Holdings, Inc.(e)
04/01/2029
6.250%
 
8,442,000
7,687,974
United Natural Foods, Inc.(e)
10/15/2028
6.750%
 
6,280,000
5,221,075
Total
12,909,049
Gaming 0.4%
Scientific Games Holdings LP/US FinCo, Inc.(e)
03/01/2030
6.625%
 
8,500,000
8,219,726
Corporate Bonds & Notes (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Health Care 1.3%
CVS Health Corp.
07/20/2045
5.125%
 
5,000,000
4,605,357
Quotient Ltd.(b),(c),(e),(h)
04/15/2030
12.000%
 
2,847,415
2,761,993
Star Parent, Inc.(e)
10/01/2030
9.000%
 
4,100,000
4,341,742
Surgery Center Holdings, Inc.(e)
07/01/2025
6.750%
 
4,200,000
4,199,742
Tenet Healthcare Corp.
10/01/2028
6.125%
 
8,500,000
8,468,878
Total
24,377,712
Independent Energy 1.3%
Hilcorp Energy I LP/Finance Co.(e)
04/15/2030
6.000%
 
9,000,000
8,805,683
Occidental Petroleum Corp.
07/15/2044
4.500%
 
6,500,000
5,132,631
04/15/2046
4.400%
 
7,800,000
6,338,354
Southwestern Energy Co.
02/01/2029
5.375%
 
4,690,000
4,558,013
Total
24,834,681
Leisure 0.9%
Carnival Corp.(e)
05/01/2029
6.000%
 
7,000,000
6,911,920
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
10/01/2028
6.500%
 
4,400,000
4,406,091
NCL Corp., Ltd.(e)
02/15/2029
7.750%
 
6,000,000
6,238,924
Total
17,556,935
Media and Entertainment 1.5%
Clear Channel Outdoor Holdings, Inc.(e)
04/15/2028
7.750%
 
10,000,000
8,752,106
Deluxe Corp.(e)
06/01/2029
8.000%
 
5,000,000
4,604,509
Lions Gate Capital Holdings LLC(e)
04/15/2029
5.500%
 
12,000,000
9,175,207
Mav Acquisition Corp.(e)
08/01/2029
8.000%
 
5,500,000
5,177,823
Total
27,709,645
Oil Field Services 0.8%
Nabors Industries Ltd.(e)
01/15/2026
7.250%
 
4,400,000
4,368,208
01/15/2028
7.500%
 
1,754,000
1,644,454
Tri-Continental Corporation  | First Quarter Report 2024
7
Portfolio of Investments  (continued)
Tri-Continental Corporation, March 31, 2024 (Unaudited)
Corporate Bonds & Notes (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Transocean Aquila Ltd.(e)
09/30/2028
8.000%
 
4,200,000
4,309,859
Transocean Titan Financing Ltd.(e)
02/01/2028
8.375%
 
4,313,000
4,488,631
Total
14,811,152
Other Financial Institutions 0.0%
WeWork Companies, Inc.(e),(f),(h)
08/15/2027
12.000%
 
4,500,000
97,736
Packaging 0.6%
ARD Finance SA(e),(h)
06/30/2027
6.500%
 
5,832,350
1,967,115
Mauser Packaging Solutions Holding Co.(e)
04/15/2027
9.250%
 
9,000,000
8,927,473
Total
10,894,588
Pharmaceuticals 0.7%
1375209 BC Ltd.(e)
01/30/2028
9.000%
 
1,415,000
1,386,948
Amgen, Inc.
03/02/2025
5.250%
 
4,500,000
4,487,557
Bausch Health Companies, Inc.(e)
09/30/2028
11.000%
 
2,515,000
1,678,622
10/15/2030
14.000%
 
502,000
294,853
Organon Finance 1 LLC(e)
04/30/2031
5.125%
 
5,000,000
4,428,065
Total
12,276,045
Property & Casualty 0.3%
Panther Escrow Issuer LLC(e),(i)
06/01/2031
7.125%
 
4,700,000
4,783,852
Restaurants 0.5%
Fertitta Entertainment LLC/Finance Co., Inc.(e)
01/15/2030
6.750%
 
10,000,000
8,975,890
Retailers 1.0%
Academy Ltd.(e)
11/15/2027
6.000%
 
4,867,000
4,795,009
Hanesbrands, Inc.(e)
02/15/2031
9.000%
 
4,200,000
4,314,144
L Brands, Inc.(e)
10/01/2030
6.625%
 
4,500,000
4,604,600
Magic MergeCo, Inc.(e)
05/01/2029
7.875%
 
6,000,000
4,499,669
Total
18,213,422
Corporate Bonds & Notes (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Supermarkets 0.3%
Safeway, Inc.
02/01/2031
7.250%
 
4,512,000
4,815,638
Technology 2.6%
Broadcom, Inc.(e)
02/15/2041
3.500%
 
6,000,000
4,658,877
Cloud Software Group, Inc.(e)
09/30/2029
9.000%
 
4,500,000
4,317,747
Consensus Cloud Solutions, Inc.(e)
10/15/2026
6.000%
 
5,000,000
4,771,372
Minerva Merger Sub, Inc.(e)
02/15/2030
6.500%
 
8,000,000
7,325,118
Neptune Bidco US, Inc.(e)
04/15/2029
9.290%
 
7,254,000
6,863,207
NortonLifeLock, Inc.(e)
09/30/2027
6.750%
 
5,500,000
5,581,322
09/30/2030
7.125%
 
3,000,000
3,082,299
Picard Midco, Inc.(e)
03/31/2029
6.500%
 
5,000,000
4,747,963
Rocket Software, Inc.(e)
02/15/2029
6.500%
 
8,875,000
7,589,470
Total
48,937,375
Transportation Services 0.2%
XPO, Inc.(e)
06/01/2028
6.250%
 
4,600,000
4,644,975
Total Corporate Bonds & Notes
(Cost $328,688,924)
304,971,520
 
Preferred Debt 0.3%
Issuer
Coupon
Rate
 
Shares
Value ($)
Banking 0.3%
Citigroup Capital XIII(j)
10/30/2040
11.949%
 
160,000
4,715,200
Total Preferred Debt
(Cost $4,210,207)
4,715,200
8
Tri-Continental Corporation  | First Quarter Report 2024
Portfolio of Investments  (continued)
Tri-Continental Corporation, March 31, 2024 (Unaudited)
 
Warrants —%
Issuer
Shares
Value ($)
Health Care —%
Health Care Equipment & Supplies —%
Quotient Ltd.(a),(b),(c)
39,425
0
Quotient Ltd.(a),(b),(c)
181,609
0
Total
 
0
Total Health Care
0
Total Warrants
(Cost $—)
0
 
Money Market Funds 0.9%
 
Shares
Value ($)
Columbia Short-Term Cash Fund, 5.543%(k),(l)
17,360,684
17,357,212
Total Money Market Funds
(Cost $17,352,744)
17,357,212
Total Investments in Securities
(Cost: $1,480,591,075)
1,851,230,385
Other Assets & Liabilities, Net
 
7,372,089
Net Assets
1,858,602,474
At March 31, 2024, securities and/or cash totaling $1,337,544 were pledged as collateral.
Investments in derivatives 
Long futures contracts
Description
Number of
contracts
Expiration
date
Trading
currency
Notional
amount
Value/Unrealized
appreciation ($)
Value/Unrealized
depreciation ($)
S&P 500 Index E-mini
29
06/2024
USD
7,697,325
120,583
—
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 March 31, 2024, the total value of these securities amounted to $3,207,133, 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 March 31, 2024, the total value of these securities amounted to $305,903,418, which represents 16.46% of total net assets.
(f)
Represents a security in default.
(g)
Perpetual security with no specified maturity date.
(h)
Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash.
(i)
Represents a security purchased on a when-issued basis.
(j)
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 March 31, 2024.
(k)
The rate shown is the seven-day current annualized yield at March 31, 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 March 31, 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, 5.543%
 
29,152,086
55,605,054
(67,398,241
)
(1,687
)
17,357,212
(681
)
408,831
17,360,684
Abbreviation Legend 
ADR
American Depositary Receipt
Tri-Continental Corporation  | First Quarter Report 2024
9
Portfolio of Investments  (continued)
Tri-Continental Corporation, March 31, 2024 (Unaudited)
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  | First Quarter Report 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.
1QT240_12_P01_(05/24)
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