Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)
May 25 2018 - 12:25PM
Edgar (US Regulatory)
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OMB APPROVAL
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OMB Number:
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3235-0578
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Expires:
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March 31, 2019
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Estimated average burden
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hours per response
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10.5
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
N-Q
QUARTERLY
SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number
811-00266
Tri-Continental
Corporation
(Exact name of registrant as specified in charter)
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225 Franklin Street, Boston, Massachusetts
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02110
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(Address of principal executive offices)
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(Zip code)
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Christopher O. Petersen
c/o Columbia Management Investment Advisers, LLC
225 Franklin Street
Boston, Massachusetts 02110
(Name and address of agent for service)
Registrants telephone number, including area code: (800)
345-6611
Date of fiscal year end: December 31
Date of reporting period: March 31, 2018
Item 1.
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Schedule of Investments.
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Portfolio of Investments
Tri-Continental Corporation, March 31, 2018 (Unaudited)
(Percentages represent value of investments compared to net
assets)
Investments in securities
Common
Stocks 65.9%
|
Issuer
|
Shares
|
Value
($)
|
Consumer
Discretionary 7.3%
|
Automobiles
0.2%
|
General
Motors Co.
|
105,000
|
3,815,700
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Hotels,
Restaurants & Leisure 1.5%
|
Extended
Stay America, Inc.
|
425,000
|
8,402,250
|
Royal
Caribbean Cruises Ltd.
|
92,800
|
10,926,272
|
Six
Flags Entertainment Corp.
|
90,000
|
5,603,400
|
Total
|
|
24,931,922
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Household
Durables 0.3%
|
PulteGroup,
Inc.
|
150,600
|
4,441,194
|
Internet
& Direct Marketing Retail 0.6%
|
Amazon.com,
Inc.
(a)
|
5,200
|
7,526,168
|
Booking
Holdings, Inc.
(a)
|
525
|
1,092,205
|
Liberty
Interactive Corp., Class A
(a)
|
67,400
|
1,696,458
|
Total
|
|
10,314,831
|
Leisure
Products 0.2%
|
Hasbro,
Inc.
|
38,500
|
3,245,550
|
Media
1.2%
|
Charter
Communications, Inc., Class A
(a)
|
36,900
|
11,484,018
|
Comcast
Corp., Class A
|
88,900
|
3,037,713
|
News
Corp., Class A
|
362,100
|
5,721,180
|
Total
|
|
20,242,911
|
Multiline
Retail 0.8%
|
Target
Corp.
|
176,900
|
12,282,167
|
Specialty
Retail 1.5%
|
Best
Buy Co., Inc.
|
217,600
|
15,229,824
|
Home
Depot, Inc. (The)
|
50,800
|
9,054,592
|
Total
|
|
24,284,416
|
Textiles,
Apparel & Luxury Goods 1.0%
|
Ralph
Lauren Corp.
|
130,700
|
14,612,260
|
VF
Corp.
|
25,600
|
1,897,472
|
Total
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|
16,509,732
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Total
Consumer Discretionary
|
120,068,423
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Common
Stocks (continued)
|
Issuer
|
Shares
|
Value
($)
|
Consumer
Staples 5.4%
|
Food
& Staples Retailing 2.6%
|
CVS
Health Corp.
|
187,800
|
11,683,038
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SYSCO
Corp.
|
140,000
|
8,394,400
|
Walgreens
Boots Alliance, Inc.
|
119,100
|
7,797,477
|
Walmart,
Inc.
|
169,600
|
15,089,312
|
Total
|
|
42,964,227
|
Food
Products 1.2%
|
Campbell
Soup Co.
|
20,600
|
892,186
|
Kellogg
Co.
|
87,500
|
5,688,375
|
Tyson
Foods, Inc., Class A
|
185,000
|
13,540,150
|
Total
|
|
20,120,711
|
Household
Products 0.5%
|
Kimberly-Clark
Corp.
|
46,100
|
5,076,993
|
Procter
& Gamble Co. (The)
|
42,400
|
3,361,472
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Total
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8,438,465
|
Tobacco
1.1%
|
Altria
Group, Inc.
|
148,000
|
9,223,360
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Philip
Morris International, Inc.
|
80,000
|
7,952,000
|
Total
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17,175,360
|
Total
Consumer Staples
|
88,698,763
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Energy
3.8%
|
Energy
Equipment & Services 0.1%
|
National
Oilwell Varco, Inc.
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59,300
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2,182,833
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Oil,
Gas & Consumable Fuels 3.7%
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BP
PLC, ADR
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202,500
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8,209,350
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Chevron
Corp.
(b)
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34,800
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3,968,592
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ConocoPhillips
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297,900
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17,662,491
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Goodrich
Petroleum Corp.
(a),(c),(d)
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3,824,000
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4
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Marathon
Petroleum Corp.
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78,400
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5,731,824
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Suncor
Energy, Inc.
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240,000
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8,289,600
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Valero
Energy Corp.
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174,200
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16,160,534
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Total
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60,022,395
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Total
Energy
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62,205,228
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Tri-Continental
Corporation | Quarterly Report 2018
|
1
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Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Common
Stocks (continued)
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Issuer
|
Shares
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Value
($)
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Financials
10.9%
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Banks
5.3%
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Bank
of America Corp.
|
516,400
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15,486,836
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Citigroup,
Inc.
|
278,600
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18,805,500
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Citizens
Financial Group, Inc.
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81,100
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3,404,578
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First
Hawaiian, Inc.
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147,500
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4,104,925
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JPMorgan
Chase & Co.
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345,900
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38,038,623
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PacWest
Bancorp
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150,000
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7,429,500
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Total
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87,269,962
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Capital
Markets 3.1%
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Ares
Capital Corp.
|
535,000
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8,490,450
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BlackRock,
Inc.
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28,350
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15,357,762
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Franklin
Resources, Inc.
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49,800
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1,727,064
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S&P
Global, Inc.
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86,100
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16,450,266
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T.
Rowe Price Group, Inc.
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48,000
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5,182,560
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TCG
BDC, Inc.
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225,000
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4,027,500
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Total
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51,235,602
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Insurance
1.8%
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Allstate
Corp. (The)
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149,000
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14,125,200
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Aon
PLC
|
21,700
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3,045,161
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Principal
Financial Group, Inc.
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95,000
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5,786,450
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Prudential
Financial, Inc.
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64,700
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6,699,685
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Total
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29,656,496
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Mortgage
Real Estate Investment Trusts (REITS) 0.7%
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Blackstone
Mortgage Trust, Inc.
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112,500
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3,534,750
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Starwood
Property Trust, Inc.
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400,000
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8,380,000
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Total
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11,914,750
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Total
Financials
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180,076,810
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Health
Care 8.5%
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Biotechnology
1.6%
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Alexion
Pharmaceuticals, Inc.
(a)
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35,900
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4,001,414
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Biogen,
Inc.
(a)
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14,700
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4,025,154
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BioMarin
Pharmaceutical, Inc.
(a)
|
19,600
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1,588,972
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Celgene
Corp.
(a)
|
34,700
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3,095,587
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Gilead
Sciences, Inc.
|
123,700
|
9,325,743
|
Vertex
Pharmaceuticals, Inc.
(a)
|
27,250
|
4,441,205
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Total
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26,478,075
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Common
Stocks (continued)
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Issuer
|
Shares
|
Value
($)
|
Health
Care Equipment & Supplies 1.1%
|
Baxter
International, Inc.
|
175,400
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11,408,016
|
Medtronic
PLC
|
77,500
|
6,217,050
|
Total
|
|
17,625,066
|
Health
Care Providers & Services 1.6%
|
AmerisourceBergen
Corp.
|
20,200
|
1,741,442
|
Centene
Corp.
(a)
|
76,600
|
8,186,242
|
Express
Scripts Holding Co.
(a)
|
196,800
|
13,594,944
|
Humana,
Inc.
|
11,500
|
3,091,545
|
Total
|
|
26,614,173
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Pharmaceuticals
4.2%
|
Bristol-Myers
Squibb Co.
|
61,400
|
3,883,550
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Eli
Lilly & Co.
|
191,900
|
14,847,303
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Johnson
& Johnson
|
103,900
|
13,314,785
|
Merck
& Co., Inc.
|
141,900
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7,729,293
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Pfizer,
Inc.
|
810,909
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28,779,160
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Total
|
|
68,554,091
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Total
Health Care
|
139,271,405
|
Industrials
6.1%
|
Aerospace
& Defense 3.1%
|
Boeing
Co. (The)
|
80,100
|
26,263,188
|
General
Dynamics Corp.
|
49,400
|
10,912,460
|
Lockheed
Martin Corp.
|
41,100
|
13,888,923
|
Total
|
|
51,064,571
|
Airlines
0.7%
|
Southwest
Airlines Co.
|
186,700
|
10,694,176
|
Electrical
Equipment 0.4%
|
Acuity
Brands, Inc.
|
6,800
|
946,492
|
AMETEK,
Inc.
|
64,800
|
4,922,856
|
Total
|
|
5,869,348
|
Industrial
Conglomerates 0.3%
|
Honeywell
International, Inc.
|
37,600
|
5,433,576
|
Machinery
0.3%
|
Cummins,
Inc.
|
30,400
|
4,927,536
|
Professional
Services —%
|
Nielsen
Holdings PLC
|
15,800
|
502,282
|
2
|
Tri-Continental Corporation
| Quarterly Report 2018
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Common
Stocks (continued)
|
Issuer
|
Shares
|
Value
($)
|
Road
& Rail 0.2%
|
Union
Pacific Corp.
|
28,900
|
3,885,027
|
Trading
Companies & Distributors 0.8%
|
WW
Grainger, Inc.
|
45,300
|
12,786,831
|
Transportation
Infrastructure 0.3%
|
Macquarie
Infrastructure Corp.
|
125,000
|
4,616,250
|
Total
Industrials
|
99,779,597
|
Information
Technology 16.4%
|
Communications
Equipment 2.1%
|
Cisco
Systems, Inc.
|
636,500
|
27,299,485
|
F5
Networks, Inc.
(a)
|
53,100
|
7,678,791
|
Total
|
|
34,978,276
|
Electronic
Equipment, Instruments & Components 0.3%
|
Corning,
Inc.
|
200,000
|
5,576,000
|
Internet
Software & Services 3.1%
|
Alphabet,
Inc., Class A
(a)
|
8,450
|
8,763,833
|
Facebook,
Inc., Class A
(a)
|
169,500
|
27,084,405
|
VeriSign,
Inc.
(a)
|
126,000
|
14,938,560
|
Total
|
|
50,786,798
|
IT
Services 1.7%
|
Automatic
Data Processing, Inc.
|
35,000
|
3,971,800
|
Booz
Allen Hamilton Holdings Corp.
|
110,000
|
4,259,200
|
MasterCard,
Inc., Class A
|
109,800
|
19,232,568
|
Visa,
Inc., Class A
|
8,100
|
968,922
|
Total
|
|
28,432,490
|
Semiconductors
& Semiconductor Equipment 4.0%
|
Analog
Devices, Inc.
|
65,000
|
5,923,450
|
Applied
Materials, Inc.
|
108,400
|
6,028,124
|
Broadcom
Ltd.
|
104,200
|
24,554,730
|
Intel
Corp.
|
230,000
|
11,978,400
|
KLA-Tencor
Corp.
|
60,000
|
6,540,600
|
Lam
Research Corp.
|
35,000
|
7,110,600
|
Micron
Technology, Inc.
(a)
|
52,600
|
2,742,564
|
Total
|
|
64,878,468
|
Common
Stocks (continued)
|
Issuer
|
Shares
|
Value
($)
|
Software
3.8%
|
Activision
Blizzard, Inc.
|
43,600
|
2,941,256
|
Adobe
Systems, Inc.
(a)
|
86,200
|
18,626,096
|
Cadence
Design Systems, Inc.
(a)
|
41,700
|
1,533,309
|
Electronic
Arts, Inc.
(a)
|
94,700
|
11,481,428
|
Microsoft
Corp.
|
311,700
|
28,448,859
|
Total
|
|
63,030,948
|
Technology
Hardware, Storage & Peripherals 1.4%
|
Apple,
Inc.
|
102,550
|
17,205,839
|
HP,
Inc.
|
136,200
|
2,985,504
|
NetApp,
Inc.
|
48,200
|
2,973,458
|
Total
|
|
23,164,801
|
Total
Information Technology
|
270,847,781
|
Materials
1.3%
|
Chemicals
1.1%
|
Eastman
Chemical Co.
|
26,400
|
2,787,312
|
LyondellBasell
Industries NV, Class A
|
143,900
|
15,207,352
|
Total
|
|
17,994,664
|
Containers
& Packaging 0.1%
|
Avery
Dennison Corp.
|
10,200
|
1,083,750
|
Packaging
Corp. of America
|
11,300
|
1,273,510
|
Total
|
|
2,357,260
|
Metals
& Mining 0.1%
|
Freeport-McMoRan,
Inc.
(a)
|
93,000
|
1,634,010
|
Total
Materials
|
21,985,934
|
Real
Estate 2.0%
|
Equity
Real Estate Investment Trusts (REITS) 2.0%
|
Alexandria
Real Estate Equities, Inc.
|
47,500
|
5,932,275
|
American
Tower Corp.
|
103,500
|
15,042,690
|
Equinix,
Inc.
|
15,500
|
6,481,170
|
SBA
Communications Corp.
(a)
|
37,400
|
6,392,408
|
Total
|
|
33,848,543
|
Total
Real Estate
|
33,848,543
|
Telecommunication
Services 1.5%
|
Diversified
Telecommunication Services 1.5%
|
AT&T,
Inc.
|
679,500
|
24,224,175
|
Total
Telecommunication Services
|
24,224,175
|
Tri-Continental
Corporation | Quarterly Report 2018
|
3
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Common
Stocks (continued)
|
Issuer
|
Shares
|
Value
($)
|
Utilities
2.7%
|
Electric
Utilities 1.7%
|
American
Electric Power Co., Inc.
|
92,500
|
6,344,575
|
Edison
International
|
97,500
|
6,206,850
|
Entergy
Corp.
|
120,800
|
9,516,624
|
Xcel
Energy, Inc.
|
109,100
|
4,961,868
|
Total
|
|
27,029,917
|
Independent
Power and Renewable Electricity Producers 0.5%
|
NRG
Yield, Inc. Class A
|
490,000
|
8,055,600
|
Multi-Utilities
0.5%
|
CenterPoint
Energy, Inc.
|
323,100
|
8,852,940
|
Total
Utilities
|
43,938,457
|
Total
Common Stocks
(Cost $984,613,883)
|
1,084,945,116
|
Convertible
Bonds 9.4%
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Automotive
0.2%
|
Navistar
International Corp.
|
04/15/2019
|
4.750%
|
|
3,609,000
|
3,708,219
|
Cable
and Satellite 0.3%
|
DISH
Network Corp.
|
08/15/2026
|
3.375%
|
|
5,700,000
|
5,490,240
|
Finance
Companies 0.3%
|
Encore
Capital Group, Inc.
|
03/15/2022
|
3.250%
|
|
4,050,000
|
4,716,225
|
Gaming
0.2%
|
Caesars
Entertainment Corp.
|
10/01/2024
|
5.000%
|
|
2,150,000
|
3,747,719
|
Health
Care 0.8%
|
Invacare
Corp.
|
02/15/2021
|
5.000%
|
|
3,145,000
|
3,956,734
|
Novavax,
Inc.
|
02/01/2023
|
3.750%
|
|
6,300,000
|
4,422,505
|
Teladoc,
Inc.
(e)
|
12/15/2022
|
3.000%
|
|
3,600,000
|
4,270,752
|
Total
|
12,649,991
|
Home
Construction 0.4%
|
SunPower
Corp.
|
01/15/2023
|
4.000%
|
|
7,500,000
|
5,972,100
|
Convertible
Bonds (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Independent
Energy 0.5%
|
Chesapeake
Energy Corp.
|
09/15/2026
|
5.500%
|
|
9,400,000
|
8,094,340
|
12/15/2038
|
2.250%
|
|
10,000
|
9,737
|
Total
|
8,104,077
|
Media
and Entertainment 0.2%
|
Liberty
Interactive LLC
(e)
|
09/30/2046
|
1.750%
|
|
3,500,000
|
3,877,300
|
Metals
and Mining 0.3%
|
Endeavour
Mining Corp.
(e)
|
02/15/2023
|
3.000%
|
|
4,300,000
|
4,485,330
|
Oil
Field Services 0.2%
|
Bristow
Group, Inc.
|
06/01/2023
|
4.500%
|
|
3,150,000
|
3,479,011
|
Cobalt
International Energy, Inc.
(f)
|
12/01/2019
|
0.000%
|
|
3,400,000
|
55,250
|
Total
|
3,534,261
|
Other
Industry 0.3%
|
Green
Plains, Inc.
|
09/01/2022
|
4.125%
|
|
4,500,000
|
4,269,559
|
Other
REIT 0.9%
|
Blackstone
Mortgage Trust, Inc.
|
05/05/2022
|
4.375%
|
|
4,800,000
|
4,714,080
|
IH
Merger Sub LLC
|
01/15/2022
|
3.500%
|
|
5,500,000
|
6,154,775
|
New
York Mortgage Trust, Inc.
|
01/15/2022
|
6.250%
|
|
4,200,000
|
4,249,636
|
Total
|
15,118,491
|
Pharmaceuticals
2.9%
|
Acorda
Therapeutics, Inc.
|
06/15/2021
|
1.750%
|
|
4,800,000
|
4,362,682
|
Aegerion
Pharmaceuticals, Inc.
|
08/15/2019
|
2.000%
|
|
5,000,000
|
3,887,490
|
Alder
Biopharmaceuticals, Inc.
|
02/01/2025
|
2.500%
|
|
4,300,000
|
3,952,805
|
Clovis
Oncology, Inc.
|
09/15/2021
|
2.500%
|
|
3,000,000
|
3,474,375
|
Dermira,
Inc.
(e)
|
05/15/2022
|
3.000%
|
|
5,000,000
|
3,956,630
|
Fluidigm
Corp.
|
02/01/2034
|
2.750%
|
|
5,300,000
|
4,838,391
|
4
|
Tri-Continental Corporation
| Quarterly Report 2018
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Convertible
Bonds (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Innoviva,
Inc.
|
Subordinated
|
01/15/2023
|
2.125%
|
|
4,000,000
|
4,295,360
|
Insmed,
Inc.
|
01/15/2025
|
1.750%
|
|
4,700,000
|
4,132,301
|
Intercept
Pharmaceuticals, Inc.
|
07/01/2023
|
3.250%
|
|
8,000,000
|
6,410,000
|
PTC
Therapeutics, Inc.
|
08/15/2022
|
3.000%
|
|
4,300,000
|
3,940,761
|
Radius
Health, Inc.
|
09/01/2024
|
3.000%
|
|
4,200,000
|
4,221,000
|
Total
|
47,471,795
|
Property
& Casualty 0.6%
|
Heritage
Insurance Holdings, Inc.
(e)
|
08/01/2037
|
5.875%
|
|
3,100,000
|
3,674,886
|
MGIC
Investment Corp.
(e),(g)
|
Junior
Subordinated
|
04/01/2063
|
9.000%
|
|
4,711,000
|
6,381,930
|
Total
|
10,056,816
|
Retailers
0.2%
|
GNC
Holdings, Inc.
|
08/15/2020
|
1.500%
|
|
5,500,000
|
3,839,688
|
Technology
0.9%
|
Microchip
Technology, Inc.
|
Junior
Subordinated
|
02/15/2037
|
2.250%
|
|
7,200,000
|
8,577,000
|
Micron
Technology, Inc.
|
11/15/2043
|
3.000%
|
|
3,200,000
|
5,726,090
|
Total
|
14,303,090
|
Transportation
Services 0.2%
|
Aegean
Marine Petroleum Network, Inc.
|
12/15/2021
|
4.250%
|
|
6,000,000
|
3,691,068
|
Total
Convertible Bonds
(Cost $162,780,137)
|
155,035,969
|
Convertible
Preferred Stocks 6.6%
|
Issuer
|
|
Shares
|
Value
($)
|
Consumer
Staples 0.5%
|
Food
Products 0.5%
|
Bunge
Ltd.
|
4.875%
|
72,500
|
7,876,110
|
Total
Consumer Staples
|
7,876,110
|
Convertible
Preferred Stocks (continued)
|
Issuer
|
|
Shares
|
Value
($)
|
Energy
0.7%
|
Oil,
Gas & Consumable Fuels 0.7%
|
Hess
Corp.
|
8.000%
|
112,500
|
6,700,500
|
WPX
Energy, Inc.
|
6.250%
|
67,500
|
4,237,650
|
Total
|
|
|
10,938,150
|
Total
Energy
|
10,938,150
|
Financials
2.0%
|
Banks
1.0%
|
Bank
of America Corp.
|
7.250%
|
6,500
|
8,381,425
|
Wells
Fargo & Co.
|
7.500%
|
6,500
|
8,385,000
|
Total
|
|
|
16,766,425
|
Capital
Markets 0.7%
|
AMG
Capital Trust II
|
5.150%
|
130,000
|
8,057,127
|
Cowen,
Inc.
|
5.625%
|
5,200
|
4,134,832
|
Total
|
|
|
12,191,959
|
Insurance
0.3%
|
Assurant,
Inc.
(a)
|
6.500%
|
40,000
|
4,166,000
|
Total
Financials
|
33,124,384
|
Health
Care 1.0%
|
Health
Care Equipment & Supplies 0.5%
|
Becton
Dickinson and Co.
|
6.125%
|
140,000
|
8,180,200
|
Health
Care Providers & Services 0.5%
|
Anthem,
Inc.
|
5.250%
|
150,000
|
8,049,000
|
Total
Health Care
|
16,229,200
|
Industrials
0.6%
|
Machinery
0.6%
|
Rexnord
Corp.
|
5.750%
|
67,500
|
4,338,900
|
Stanley
Black & Decker, Inc.
|
5.375%
|
50,000
|
5,761,250
|
Total
|
|
|
10,100,150
|
Total
Industrials
|
10,100,150
|
Information
Technology 0.7%
|
Electronic
Equipment, Instruments & Components 0.5%
|
Belden,
Inc.
|
6.750%
|
85,000
|
7,942,400
|
Internet
Software & Services 0.2%
|
Mandatory
Exchangeable Trust
(e)
|
5.750%
|
20,000
|
4,131,130
|
Total
Information Technology
|
12,073,530
|
Tri-Continental
Corporation | Quarterly Report 2018
|
5
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Convertible
Preferred Stocks (continued)
|
Issuer
|
|
Shares
|
Value
($)
|
Materials
0.1%
|
Chemicals
0.1%
|
A.
Schulman, Inc.
|
6.000%
|
1,800
|
1,843,548
|
Total
Materials
|
1,843,548
|
Real
Estate 0.5%
|
Equity
Real Estate Investment Trusts (REITS) 0.5%
|
Crown
Castle International Corp.
|
6.875%
|
7,700
|
8,608,061
|
Total
Real Estate
|
8,608,061
|
Utilities
0.5%
|
Multi-Utilities
0.5%
|
DTE
Energy Co.
|
6.500%
|
165,000
|
8,594,850
|
Total
Utilities
|
8,594,850
|
Total
Convertible Preferred Stocks
(Cost $104,729,585)
|
109,387,983
|
Corporate
Bonds & Notes 14.6%
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Automotive
0.4%
|
Navistar
International Corp.
(e)
|
11/01/2025
|
6.625%
|
|
7,100,000
|
7,104,260
|
Brokerage/Asset
Managers/Exchanges 0.5%
|
LPL
Holdings, Inc.
(e)
|
09/15/2025
|
5.750%
|
|
8,550,000
|
8,443,724
|
Cable
and Satellite 0.9%
|
Charter
Communications Operating LLC/Capital
|
10/23/2045
|
6.484%
|
|
7,600,000
|
8,395,226
|
Telesat
Canada/LLC
(e)
|
11/15/2024
|
8.875%
|
|
5,360,000
|
5,882,707
|
Total
|
14,277,933
|
Consumer
Products 0.5%
|
Mattel,
Inc.
(e)
|
12/31/2025
|
6.750%
|
|
7,942,000
|
7,761,478
|
Electric
0.5%
|
Covanta
Holding Corp.
|
07/01/2025
|
5.875%
|
|
8,523,000
|
8,267,310
|
Finance
Companies 1.4%
|
Fortress
Transportation & Infrastructure Investors LLC
(e)
|
03/15/2022
|
6.750%
|
|
6,250,000
|
6,342,219
|
iStar,
Inc.
|
04/01/2022
|
6.000%
|
|
8,543,000
|
8,567,031
|
Corporate
Bonds & Notes (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Springleaf
Finance Corp.
|
03/15/2025
|
6.875%
|
|
8,400,000
|
8,426,964
|
Total
|
23,336,214
|
Food
and Beverage 0.5%
|
Chobani
LLC/Finance Corp., Inc.
(e)
|
04/15/2025
|
7.500%
|
|
4,097,000
|
4,221,434
|
Lamb
Weston Holdings, Inc.
(e)
|
11/01/2026
|
4.875%
|
|
4,300,000
|
4,269,315
|
Total
|
8,490,749
|
Health
Care 0.5%
|
Quotient
Ltd.
(c),(d),(e)
|
10/15/2023
|
12.000%
|
|
2,170,000
|
2,170,000
|
Surgery
Center Holdings, Inc.
(e)
|
07/01/2025
|
6.750%
|
|
6,800,000
|
6,596,537
|
Total
|
8,766,537
|
Healthcare
Insurance 0.5%
|
Centene
Corp.
|
01/15/2025
|
4.750%
|
|
8,455,000
|
8,234,189
|
Independent
Energy 0.9%
|
Indigo
Natural Resources LLC
(e)
|
02/15/2026
|
6.875%
|
|
8,800,000
|
8,360,475
|
Stone
Energy Corp.
|
05/31/2022
|
7.500%
|
|
6,136,177
|
6,242,898
|
Total
|
14,603,373
|
Media
and Entertainment 0.5%
|
Lions
Gate Entertainment Corp.
(e)
|
11/01/2024
|
5.875%
|
|
4,050,000
|
4,217,946
|
Meredith
Corp.
(e)
|
02/01/2026
|
6.875%
|
|
4,100,000
|
4,206,641
|
Total
|
8,424,587
|
Metals
and Mining 1.0%
|
CONSOL
Energy, Inc.
(e)
|
11/15/2025
|
11.000%
|
|
4,200,000
|
4,467,229
|
Constellium
NV
(e)
|
03/01/2025
|
6.625%
|
|
8,000,000
|
8,111,824
|
Warrior
Met Coal, Inc.
(e)
|
11/01/2024
|
8.000%
|
|
4,200,000
|
4,301,346
|
Total
|
16,880,399
|
Midstream
0.8%
|
Rockpoint
Gas Storage Canada Ltd.
(e)
|
03/31/2023
|
7.000%
|
|
3,716,000
|
3,704,659
|
6
|
Tri-Continental Corporation
| Quarterly Report 2018
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Corporate
Bonds & Notes (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Summit
Midstream Partners LP
(g)
|
Junior
Subordinated
|
12/31/2049
|
9.500%
|
|
8,400,000
|
8,557,206
|
Total
|
12,261,865
|
Oil
Field Services 0.5%
|
Bristow
Group, Inc.
(e)
|
03/01/2023
|
8.750%
|
|
4,200,000
|
4,242,668
|
SESI
LLC
(e)
|
09/15/2024
|
7.750%
|
|
4,200,000
|
4,347,155
|
Total
|
8,589,823
|
Packaging
1.0%
|
BWAY
Holding Co.
(e)
|
04/15/2025
|
7.250%
|
|
8,300,000
|
8,481,986
|
Novolex
(e)
|
01/15/2025
|
6.875%
|
|
8,490,000
|
8,434,764
|
Total
|
16,916,750
|
Pharmaceuticals
1.3%
|
AMAG
Pharmaceuticals, Inc.
(e)
|
09/01/2023
|
7.875%
|
|
8,700,000
|
8,605,005
|
Horizon
Pharma, Inc.
(e)
|
11/01/2024
|
8.750%
|
|
3,900,000
|
4,151,019
|
Valeant
Pharmaceuticals International, Inc.
(e)
|
03/01/2023
|
5.500%
|
|
9,700,000
|
8,506,483
|
Total
|
21,262,507
|
Restaurants
0.2%
|
IRB
Holding Corp.
(e)
|
02/15/2026
|
6.750%
|
|
4,100,000
|
4,022,342
|
Retailers
0.1%
|
Rite
Aid Corp.
|
Junior
Subordinated
|
02/15/2027
|
7.700%
|
|
1,937,000
|
1,643,804
|
Supermarkets
0.4%
|
Safeway,
Inc.
|
02/01/2031
|
7.250%
|
|
7,512,000
|
6,094,959
|
Technology
1.1%
|
Diebold,
Inc.
|
04/15/2024
|
8.500%
|
|
8,100,000
|
8,525,517
|
Genesys
Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/U.S. Holdings I LLC
(e)
|
11/30/2024
|
10.000%
|
|
3,750,000
|
4,155,630
|
Informatica
LLC
(e)
|
07/15/2023
|
7.125%
|
|
4,538,000
|
4,529,882
|
Total
|
17,211,029
|
Corporate
Bonds & Notes (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Transportation
Services 0.7%
|
Hertz
Corp. (The)
(e)
|
06/01/2022
|
7.625%
|
|
4,250,000
|
4,319,033
|
Hertz
Corp. (The)
|
10/15/2022
|
6.250%
|
|
6,700,000
|
6,317,678
|
Total
|
10,636,711
|
Wirelines
0.4%
|
Frontier
Communications Corp.
|
09/15/2025
|
11.000%
|
|
8,360,000
|
6,271,488
|
Total
Corporate Bonds & Notes
(Cost $241,798,037)
|
239,502,031
|
Limited
Partnerships 0.8%
|
Issuer
|
Shares
|
Value
($)
|
Energy
0.2%
|
Oil,
Gas & Consumable Fuels 0.2%
|
Enviva
Partners LP
|
145,000
|
3,973,000
|
Total
Energy
|
3,973,000
|
Industrials
0.3%
|
Trading
Companies & Distributors 0.3%
|
Fortress
Transportation & Infrastructure Investors LLC
|
250,000
|
3,987,500
|
Total
Industrials
|
3,987,500
|
Utilities
0.3%
|
Independent
Power and Renewable Electricity Producers 0.3%
|
8Point3
Energy Partners LP
|
420,000
|
5,103,000
|
Total
Utilities
|
5,103,000
|
Total
Limited Partnerships
(Cost $15,564,183)
|
13,063,500
|
Preferred
Debt 0.6%
|
Issuer
|
Coupon
Rate
|
|
Shares
|
Value
($)
|
Banking
0.4%
|
Citigroup
Capital XIII
(g)
|
10/30/2040
|
8.137%
|
|
220,000
|
5,981,800
|
Finance
Companies 0.2%
|
GMAC
Capital Trust I
(g)
|
02/15/2040
|
7.624%
|
|
160,000
|
4,156,800
|
Total
Preferred Debt
(Cost $9,796,867)
|
10,138,600
|
Tri-Continental
Corporation | Quarterly Report 2018
|
7
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Senior
Loans 1.0%
|
Borrower
|
Weighted
Average Coupon
|
|
Principal
Amount ($)
|
Value
($)
|
Food
and Beverage 0.2%
|
HLF
Financing SARL
(h),(i)
|
Term
Loan
|
3-month
USD LIBOR + 5.500%
02/15/2023
|
7.377%
|
|
3,700,000
|
3,734,706
|
Oil
Field Services 0.5%
|
EagleClaw
Midstream Ventures
(h),(i)
|
Term
Loan
|
3-month
USD LIBOR + 4.250%
06/24/2024
|
6.039%
|
|
7,943,970
|
7,983,690
|
Retailers
0.3%
|
BJ’s
Wholesale Club, Inc.
(h),(i)
|
2nd
Lien Term Loan
|
3-month
USD LIBOR + 4.000%
02/03/2025
|
9.191%
|
|
4,108,000
|
4,114,408
|
Total
Senior Loans
(Cost $15,716,503)
|
15,832,804
|
Warrants
—%
|
Issuer
|
Shares
|
Value
($)
|
Energy
—%
|
Oil,
Gas & Consumable Fuels —%
|
Goodrich
Petroleum Corp.
(a),(c),(d),(j)
|
11,283
|
0
|
Total
Energy
|
0
|
Total
Warrants
(Cost $—)
|
0
|
|
Money
Market Funds 0.7%
|
|
Shares
|
Value
($)
|
Columbia
Short-Term Cash Fund, 1.738%
(k),(l)
|
7,788,463
|
7,787,684
|
JPMorgan
U.S. Government Money Market Fund, Agency Shares, 1.479%
(k)
|
3,269,935
|
3,269,935
|
Total
Money Market Funds
(Cost $11,057,619)
|
11,057,619
|
Total
Investments in Securities
(Cost: $1,546,056,814)
|
1,638,963,622
|
Other
Assets & Liabilities, Net
|
|
6,733,190
|
Net
Assets
|
1,645,696,812
|
At March 31, 2018, securities and/or cash totaling
$410,544 were pledged as collateral.
Investments in derivatives
Long
futures contracts
|
Description
|
Number
of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
S&P
500 E-mini
|
68
|
06/2018
|
USD
|
8,986,200
|
—
|
(189,739)
|
Notes to Portfolio of
Investments
(a)
|
Non-income
producing investment.
|
(b)
|
This
security or a portion of this security has been pledged as collateral in connection with derivative contracts.
|
(c)
|
Represents fair
value as determined in good faith under procedures approved by the Board of Trustees. At March 31, 2018, the value of these securities amounted to $2,170,004, which represents 0.13% of net assets.
|
(d)
|
Valuation
based on significant unobservable inputs.
|
8
|
Tri-Continental Corporation
| Quarterly Report 2018
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Notes to Portfolio of
Investments
(continued)
(e)
|
Represents
privately placed and other securities and instruments exempt from SEC registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. The Fund
may invest in private placements determined to be liquid as well as those determined to be illiquid. Private placements may be determined to be liquid under guidelines established by the Fund’s Board of Directors. At March 31, 2018, the value
of these securities amounted to $184,735,719, which represents 11.23% of net assets.
|
(f)
|
Represents
securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At March 31, 2018, the value of these securities amounted to $55,250, which represents less than 0.01% of net assets.
|
(g)
|
Represents
a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter.
|
(h)
|
Senior
loans have interest rates that float periodically based primarily on the London Interbank Offered Rate (“LIBOR”) and other short-term rates. The interest rate shown reflects the weighted average coupon as of March 31, 2018. The interest
rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement therefore no weighted average coupon rate is disclosed. Remaining maturities of senior loans may be less than the stated maturities shown
as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted.
|
(i)
|
Variable
rate security.
|
(j)
|
Negligible
market value.
|
(k)
|
The rate
shown is the seven-day current annualized yield at March 31, 2018.
|
(l)
|
As defined
in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and
transactions in these affiliated companies during the period ended March 31, 2018 are as follows:
|
Issuer
|
Beginning
shares
|
Shares
purchased
|
Shares
sold
|
Ending
shares
|
Realized
gain
(loss) —
affiliated
issuers ($)
|
Net
change in
unrealized
appreciation
(depreciation) —
affiliated
issuers ($)
|
Dividends
—
affiliated
issuers ($)
|
Value
—
affiliated
issuers
at end of
period ($)
|
Columbia
Short-Term Cash Fund, 1.738%
|
|
13,847,965
|
22,756,929
|
(28,816,431)
|
7,788,463
|
514
|
(1,042)
|
28,076
|
7,787,684
|
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.
Fair value measurements
The Fund categorizes its fair value measurements according to
a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in
pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an
investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an
indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair
value may not always be quoted prices in an active market.
Fair value inputs are summarized in the three broad levels
listed below:
■
|
Level 1 — Valuations
based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.
|
■
|
Level 2 — Valuations
based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
|
■
|
Level 3 — Valuations
based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).
|
Inputs that are used in determining fair value of an investment
may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such
as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an
investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many
investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.
Tri-Continental
Corporation | Quarterly Report 2018
|
9
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Fair value
measurements
(continued)
Certain investments that have been measured at fair value using the net asset value (NAV) per share (or its equivalent) are not categorized in the fair value
hierarchy. The fair value amounts presented in the table are intended to reconcile the fair value hierarchy to the amounts presented in the Portfolio of Investments. The Columbia Short-Term Cash Fund seeks to provide shareholders with maximum
current income consistent with liquidity and stability of principal. Columbia Short-Term Cash Fund prices its shares with a floating NAV and no longer seeks to maintain a stable NAV.
Investments falling into the Level 3 category are primarily
supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices.
Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager.
Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.
Under the direction of the Fund’s Board of Directors (the
Board), the Investment Manager’s Valuation Committee (the Committee) is responsible for overseeing the valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the
Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
The Committee meets at least monthly to review and approve
valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation control policies and
procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing
methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third
party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or
approve related valuation actions. The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those
described earlier.
For investments categorized as Level 3,
the Committee monitors information similar to that described above, which may include: (i) data specific to the issuer or comparable issuers, (ii) general market or specific sector news and (iii) quoted prices and specific or similar security
transactions. The Committee considers this data and any changes from prior periods in order to assess the reasonableness of observable and unobservable inputs, any assumptions or internal models used to value those securities and changes in fair
value. This data is also used to corroborate, when available, information received from approved pricing vendors and brokers. Various factors impact the frequency of monitoring this information (which may occur as often as daily). However, the
Committee may determine that changes to inputs, assumptions and models are not required as a result of the monitoring procedures performed.
The following table is a summary of the inputs used to value the
Fund’s investments at March 31, 2018:
|
Level
1
quoted prices
in active
markets for
identical
assets ($)
|
Level
2
other
significant
observable
inputs ($)
|
Level
3
significant
unobservable
inputs ($)
|
Investments
measured at
net asset
value ($)
|
Total
($)
|
Investments
in Securities
|
|
|
|
|
|
Common
Stocks
|
|
|
|
|
|
Consumer
Discretionary
|
120,068,423
|
—
|
—
|
—
|
120,068,423
|
Consumer
Staples
|
88,698,763
|
—
|
—
|
—
|
88,698,763
|
Energy
|
62,205,224
|
—
|
4
|
—
|
62,205,228
|
Financials
|
180,076,810
|
—
|
—
|
—
|
180,076,810
|
Health
Care
|
139,271,405
|
—
|
—
|
—
|
139,271,405
|
Industrials
|
99,779,597
|
—
|
—
|
—
|
99,779,597
|
Information
Technology
|
270,847,781
|
—
|
—
|
—
|
270,847,781
|
Materials
|
21,985,934
|
—
|
—
|
—
|
21,985,934
|
Real
Estate
|
33,848,543
|
—
|
—
|
—
|
33,848,543
|
Telecommunication
Services
|
24,224,175
|
—
|
—
|
—
|
24,224,175
|
Utilities
|
43,938,457
|
—
|
—
|
—
|
43,938,457
|
Total
Common Stocks
|
1,084,945,112
|
—
|
4
|
—
|
1,084,945,116
|
Convertible
Bonds
|
—
|
155,035,969
|
—
|
—
|
155,035,969
|
Convertible
Preferred Stocks
|
|
|
|
|
|
Consumer
Staples
|
—
|
7,876,110
|
—
|
—
|
7,876,110
|
Energy
|
10,938,150
|
—
|
—
|
—
|
10,938,150
|
Financials
|
20,932,425
|
12,191,959
|
—
|
—
|
33,124,384
|
Health
Care
|
16,229,200
|
—
|
—
|
—
|
16,229,200
|
Industrials
|
10,100,150
|
—
|
—
|
—
|
10,100,150
|
Information
Technology
|
7,942,400
|
4,131,130
|
—
|
—
|
12,073,530
|
Materials
|
—
|
1,843,548
|
—
|
—
|
1,843,548
|
10
|
Tri-Continental Corporation
| Quarterly Report 2018
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, March 31, 2018 (Unaudited)
Fair value
measurements
(continued)
|
Level
1
quoted prices
in active
markets for
identical
assets ($)
|
Level
2
other
significant
observable
inputs ($)
|
Level
3
significant
unobservable
inputs ($)
|
Investments
measured at
net asset
value ($)
|
Total
($)
|
Real
Estate
|
8,608,061
|
—
|
—
|
—
|
8,608,061
|
Utilities
|
8,594,850
|
—
|
—
|
—
|
8,594,850
|
Total
Convertible Preferred Stocks
|
83,345,236
|
26,042,747
|
—
|
—
|
109,387,983
|
Corporate
Bonds & Notes
|
—
|
237,332,031
|
2,170,000
|
—
|
239,502,031
|
Limited
Partnerships
|
|
|
|
|
|
Energy
|
3,973,000
|
—
|
—
|
—
|
3,973,000
|
Industrials
|
3,987,500
|
—
|
—
|
—
|
3,987,500
|
Utilities
|
5,103,000
|
—
|
—
|
—
|
5,103,000
|
Total
Limited Partnerships
|
13,063,500
|
—
|
—
|
—
|
13,063,500
|
Preferred
Debt
|
10,138,600
|
—
|
—
|
—
|
10,138,600
|
Senior
Loans
|
—
|
15,832,804
|
—
|
—
|
15,832,804
|
Warrants
|
|
|
|
|
|
Energy
|
—
|
—
|
0*
|
—
|
0*
|
Money
Market Funds
|
3,269,935
|
—
|
—
|
7,787,684
|
11,057,619
|
Total
Investments in Securities
|
1,194,762,383
|
434,243,551
|
2,170,004
|
7,787,684
|
1,638,963,622
|
Investments
in Derivatives
|
|
|
|
|
|
Liability
|
|
|
|
|
|
Futures
Contracts
|
(189,739)
|
—
|
—
|
—
|
(189,739)
|
Total
|
1,194,572,644
|
434,243,551
|
2,170,004
|
7,787,684
|
1,638,773,883
|
See the Portfolio of
Investments for all investment classifications not indicated in the table.
The Fund’s assets assigned to the Level 2 input category
are generally valued using the market approach, in which a security’s value is determined through reference to prices and information from market transactions for similar or identical assets.
Derivative instruments are valued at unrealized appreciation
(depreciation).
There were no transfers of financial
assets between levels during the period.
The Fund does
not hold any significant investments (greater than one percent of net assets) categorized as Level 3.
The Fund’s assets assigned to the Level 3 category are
valued utilizing the valuation technique deemed the most appropriate in the circumstances.
Certain common stock and warrants classified as Level 3 are
valued using an income approach. To determine fair value for these securities, management considered estimates of future distributions from the liquidation of the company assets. Significant increases (decreases) to any of these inputs would result
in a significantly lower (higher) fair value measurement.
Certain corporate bonds classified as Level 3 securities are
valued using the market approach and utilize single market quotations from broker dealers which may have included, but were not limited to, observable transactions for identical or similar assets in the market and the distressed nature of the
security. The appropriateness of fair values for these securities is monitored on an ongoing basis which may include results of back testing, manual price reviews and other control procedures. Significant increases (decreases) to any of these inputs
would result in a significantly lower (higher) valuation measurement.
Tri-Continental
Corporation | Quarterly Report 2018
|
11
|
Item 2.
|
Controls and Procedures.
|
|
(a)
|
The registrants principal executive officer and principal financial officer, based on their evaluation of the registrants disclosure controls and procedures as of a date within 90 days of the filing of this
report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form
N-Q
is accumulated and communicated to the
registrants management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
|
|
(b)
|
There was no change in the registrants internal control over financial reporting that occurred during the registrants last fiscal quarter that has materially affected, or is reasonably likely to materially
affect, the registrants internal control over financial reporting.
|
Certifications pursuant to
Rule 30a-2(a) under
the Investment Company Act of 1940 (17 CFR
270.30a-2(a))
attached hereto as Exhibit 99.CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
(registrant)
|
|
Tri-Continental
Corporation
|
|
|
|
By (Signature and Title)
|
|
/s/ Christopher O.
Petersen
|
|
|
Christopher O. Petersen, President and Principal Executive Officer
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has
been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
By (Signature and Title)
|
|
/s/ Christopher O.
Petersen
|
|
|
Christopher O. Petersen, President and Principal Executive Officer
|
|
|
|
By (Signature and Title)
|
|
/s/ Michael G.
Clarke
|
|
|
Michael G. Clarke, Treasurer and Chief Financial Officer
|
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