Columbia Select Large Cap Equity Fund Institutional 2 Class
CLCRX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 290 Congress Street Boston MA United States of America 02210
- IPO Date
- Nov 9, 2012
- CIK
- 0001097519
- Website
- columbiathreadneedleus.com
- Similar Companies
- Business
- Columbia Cornerstone Equity Fund Institutional 2 Class (CLCRX), formerly known as Columbia Select Large Cap Equity Fund Institutional 2 Class until its renaming effective September 1, 2025, is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of large capitalization U.S. companies, primarily those included in or similar to the S&P 500 Index; the fund employs a blend style with allocations across sectors including information technology (approximately 33%), financials (16%), consumer discretionary (12%), communication services (11%), industrials (9%), health care (7%), consumer staples (5%), utilities (4%), energy (2%), and real estate. Top holdings typically include major positions in companies such as NVIDIA Corp, Microsoft Corp, Alphabet Inc Class C, Apple Inc, Amazon.com Inc, Broadcom Inc, Meta Platforms Inc Class A, JPMorgan Chase & Co, Mastercard Inc Class A, and Bank of America Corp, representing nearly 48% of the portfolio; the fund is classified in the Morningstar Large Blend category and benchmarks against the S&P 500 Total Return Index. Managed by Columbia Threadneedle Investments (also known as Columbia Management Investment Advisers, LLC), the fund offers institutional share classes with a net expense ratio around 0.65%, daily pricing, and no front-end or deferred loads, targeting institutional investors with minimum initial investments such as $2 million for Institutional 2 shares. The fund operates within the U.S. large-cap equity segment, serving institutional and high-net-worth investors seeking market-representative exposure with active management; it maintains a diversified portfolio of approximately 100-150 holdings, with cash allocations under 1% and negligible non-U.S. exposure. Columbia Threadneedle Investments, the fund's investment adviser and a subsidiary of Ameriprise Financial, is headquartered in Boston, Massachusetts, with global operations across 17 countries including the United States, United Kingdom, Luxembourg, and Asia; the firm manages over $650 billion in assets and focuses on fundamental research-driven strategies. The fund itself traces its inception to October 2, 1998, under the broader Columbia Funds Series Trust I structure. Recent developments include the fund's name change from Columbia Select Large Cap Equity Fund to Columbia Cornerstone Equity Fund on September 1, 2025, to better align with Columbia Threadneedle's branding, with no anticipated alterations to the investment team, strategy, or mandate; this followed broader firm initiatives such as fund mergers in October 2025 involving Columbia Threadneedle's UK multi-manager products and ongoing portfolio adjustments reflected in Q3 2025 commentary highlighting sector rotations amid market volatility. Columbia Threadneedle has pursued strategic expansions, including the 2021 acquisition of BMO's European asset management business for $845 million (rebranded under its name) and launches of ESG-focused strategies, though it closed its UK small stocks unit in October 2024 amid investor outflows. The fund continues to emphasize research strength in large-cap equities without major portfolio or operational shifts beyond routine rebalancing.