Columbia Contrarian Core Fund
SMGIX
NASDAQ- -
USD
- -
- -
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
- Columbia Funds Series Trust I MA United States of America
- IPO Date
- Dec 11, 1992
- CIK
- 0000773757
- Website
- columbiathreadneedleus.com
- Similar Companies
- Business
- Columbia Contrarian Core Fund (SMGIX) is an open-end mutual fund that seeks total return through long-term capital appreciation and current income by investing at least 80% of its net assets in equity securities, primarily common stocks, of U.S. companies with large market capitalizations, generally over $2 billion, which the investment manager identifies as undervalued relative to their long-term growth potential and dividend prospects; the fund may allocate up to 20% to foreign securities and employs a blend of fundamental and quantitative analysis for security selection and portfolio construction, with a focus on large-blend style across sectors such as technology (approximately 34%), financial services, communication services, healthcare, and consumer cyclical. Institutional Class shares (SMGIX), Advisor Class (CORRX), Class R (CCCRX), Class A (LCCAX), and other share classes are offered, with top holdings including Microsoft Corp., NVIDIA Corp., Apple Inc., Amazon.com Inc., and Meta Platforms Inc., representing about 28% of the portfolio; the fund distributes dividends quarterly and capital gains annually, maintaining approximately 79 holdings and a one-year portfolio turnover of 51%. Managed by Columbia Threadneedle Investments (Columbia Management Investment Advisers, LLC), with lead portfolio manager Guy W. Pope since March 31, 2005, the fund operates from headquarters in Kansas City, Missouri, and was incepted on December 14, 1992, serving U.S. investors through various distribution channels with total net assets exceeding $15 billion. Geographically, the fund's portfolio is predominantly U.S.-focused (over 98%), targeting institutional and retail investors seeking broad exposure to the large-cap U.S. equity market. In recent developments, Institutional Class shares returned 7.68% in Q3 2025 (net of fees), underperforming the Russell 1000 Index benchmark amid sector rotations favoring small caps, with portfolio adjustments including an exit from a healthcare position following a full-year guidance cut and gains from holdings like a company involved in a $55 billion all-cash take-private acquisition by Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners; no major fund-level acquisitions, partnerships, or structural changes specific to the fund were reported in 2024-2025, though Columbia Threadneedle announced broader firm initiatives such as Net Zero Asset Managers Initiative commitments and SFDR recategorizations for select European funds.