NPORT-EX 2 AAPI430AMU033124.htm
Pioneer Variable Contracts Trust
Pioneer Select Mid Cap Growth
VCT Portfolio
Class I Shares
Schedule of Investments  |  March 31, 2024
Pioneer Select Mid Cap Growth VCT Portfolio Pioneer Variable Contracts Trust
Schedule of Investments 3/31/24 (unaudited) 
Shares           Value
  UNAFFILIATED ISSUERS — 99.7%  
  Common Stocks — 99.7% of Net Assets  
  Aerospace & Defense — 1.6%  
4,850(a) Axon Enterprise, Inc. $ 1,517,468
  Total Aerospace & Defense  $1,517,468
  Beverages — 1.7%  
20,292(a) Celsius Holdings, Inc. $ 1,682,613
  Total Beverages  $1,682,613
  Biotechnology — 5.1%  
5,193(a) Alnylam Pharmaceuticals, Inc. $   776,094
14,664(a) Apellis Pharmaceuticals, Inc.     861,950
22,942(a) Natera, Inc.  2,098,275
17,686(a) Vaxcyte, Inc.  1,208,131
  Total Biotechnology  $4,944,450
  Building Products — 1.5%  
14,972(a) Trex Co., Inc. $ 1,493,457
  Total Building Products  $1,493,457
  Capital Markets — 4.6%  
4,235 MSCI, Inc. $ 2,373,506
41,978(a) Robinhood Markets, Inc., Class A     845,017
11,477 Tradeweb Markets, Inc., Class A  1,195,559
  Total Capital Markets  $4,414,082
  Chemicals — 0.7%  
2,090 Sherwin-Williams Co. $   725,920
  Total Chemicals    $725,920
  Communications Equipment — 2.2%  
4,286(a) Arista Networks, Inc. $ 1,242,854
2,523 Motorola Solutions, Inc.    895,615
  Total Communications Equipment  $2,138,469
  Construction Materials — 1.7%  
18,722 CRH Plc $ 1,614,960
  Total Construction Materials  $1,614,960
  Containers & Packaging — 0.4%  
50,229(a) Ranpak Holdings Corp. $   395,302
  Total Containers & Packaging    $395,302
  Electrical Equipment — 4.8%  
8,673(a) NEXTracker, Inc., Class A $   488,030
4,619 Rockwell Automation, Inc.  1,345,653
34,036 Vertiv Holdings Co., Class A  2,779,720
  Total Electrical Equipment  $4,613,403
  Electronic Equipment, Instruments & Components — 3.3%  
19,736 Amphenol Corp., Class A $ 2,276,547
33,544(a) Flex, Ltd.    959,694
  Total Electronic Equipment, Instruments & Components  $3,236,241
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Pioneer Select Mid Cap Growth VCT Portfolio Pioneer Variable Contracts Trust
Shares           Value
  Entertainment — 1.7%  
6,389(a) Spotify Technology S.A. $ 1,686,057
  Total Entertainment  $1,686,057
  Ground Transportation — 3.1%  
8,202 ArcBest Corp. $ 1,168,785
2,586 JB Hunt Transport Services, Inc.     515,261
8,361 TFI International, Inc.  1,333,245
  Total Ground Transportation  $3,017,291
  Health Care Equipment & Supplies — 6.2%  
1,817(a) IDEXX Laboratories, Inc. $   981,053
3,177(a) Inspire Medical Systems, Inc.     682,388
4,116(a) Insulet Corp.     705,482
3,638(a) Penumbra, Inc.     811,929
8,984 ResMed, Inc.  1,779,101
3,089(a) Shockwave Medical, Inc.  1,005,871
  Total Health Care Equipment & Supplies  $5,965,824
  Health Care Providers & Services — 3.0%  
2,446 McKesson Corp. $ 1,313,135
2,599(a) Molina Healthcare, Inc.  1,067,747
15,366(a) Option Care Health, Inc.    515,376
  Total Health Care Providers & Services  $2,896,258
  Health Care Technology — 1.5%  
6,191(a) Veeva Systems, Inc., Class A $ 1,434,393
  Total Health Care Technology  $1,434,393
  Hotels, Restaurants & Leisure — 3.3%  
966(a) Chipotle Mexican Grill, Inc. $ 2,807,940
69,414(a) Genius Sports, Ltd.    396,354
  Total Hotels, Restaurants & Leisure  $3,204,294
  Household Durables — 1.7%  
3,681(a) TopBuild Corp. $ 1,622,327
  Total Household Durables  $1,622,327
  Insurance — 0.8%  
1,865 Everest Group, Ltd. $   741,338
  Total Insurance    $741,338
  Interactive Media & Services — 0.9%  
23,952(a) Pinterest, Inc., Class A $   830,416
  Total Interactive Media & Services    $830,416
  IT Services — 3.2%  
13,126(a) Cloudflare, Inc., Class A $ 1,270,990
5,167(a) MongoDB, Inc.  1,853,093
  Total IT Services  $3,124,083
  Life Sciences Tools & Services — 2.5%  
9,661 Agilent Technologies, Inc. $ 1,405,772
5,691(a) Repligen Corp.  1,046,689
  Total Life Sciences Tools & Services  $2,452,461
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Pioneer Select Mid Cap Growth VCT Portfolio Pioneer Variable Contracts Trust
Schedule of Investments 3/31/24 (unaudited) (continued)
Shares           Value
  Media — 1.7%  
19,060(a) Trade Desk, Inc., Class A $ 1,666,225
  Total Media  $1,666,225
  Oil, Gas & Consumable Fuels — 2.9%  
63,856 Comstock Resources, Inc. $   592,584
10,020 Hess Corp.  1,529,453
25,371 Marathon Oil Corp.    719,014
  Total Oil, Gas & Consumable Fuels  $2,841,051
  Professional Services — 5.5%  
10,480 Booz Allen Hamilton Holding Corp. $ 1,555,651
96,069(a) Clarivate Plc     713,793
8,124 Thomson Reuters Corp.  1,265,963
7,817 Verisk Analytics, Inc.  1,842,701
  Total Professional Services  $5,378,108
  Semiconductors & Semiconductor Equipment — 9.3%  
11,876(a) Advanced Micro Devices, Inc. $ 2,143,499
17,408(a) Allegro MicroSystems, Inc.     469,320
2,116 ASM International NV  1,291,863
7,175 BE Semiconductor Industries NV  1,098,412
27,188(a) Credo Technology Group Holding, Ltd.     576,114
17,189 Marvell Technology, Inc.  1,218,356
1,541 Monolithic Power Systems, Inc.  1,043,904
6,556(a) Onto Innovation, Inc.  1,187,161
  Total Semiconductors & Semiconductor Equipment  $9,028,629
  Software — 11.1%  
9,360(a) Crowdstrike Holdings, Inc., Class A $ 3,000,722
2,426(a) CyberArk Software, Ltd.     644,418
11,592(a) Datadog, Inc., Class A  1,432,771
2,224(a) HubSpot, Inc.  1,393,470
3,762(a) Monday.com, Ltd.     849,723
15,159(a) Procore Technologies, Inc.  1,245,615
3,842(a) Synopsys, Inc.  2,195,703
  Total Software $10,762,422
  Specialized REITs — 1.6%  
19,238 Iron Mountain, Inc. $ 1,543,080
  Total Specialized REITs  $1,543,080
  Specialty Retail — 5.4%  
324(a) AutoZone, Inc. $ 1,021,135
8,957 Ross Stores, Inc.  1,314,529
4,123 Tractor Supply Co.  1,079,071
3,451(a) Ulta Beauty, Inc.  1,804,459
  Total Specialty Retail  $5,219,194
  Technology Hardware, Storage & Peripherals — 2.3%  
10,002(a) Pure Storage, Inc., Class A $   520,004
25,102(a) Western Digital Corp.  1,712,960
  Total Technology Hardware, Storage & Peripherals  $2,232,964
  Textiles, Apparel & Luxury Goods — 2.1%  
2,044(a) Lululemon Athletica, Inc. $   798,488
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Pioneer Select Mid Cap Growth VCT Portfolio Pioneer Variable Contracts Trust
Shares           Value
  Textiles, Apparel & Luxury Goods — (continued)  
14,542(a) On Holding AG, Class A $   514,496
11,164(a) Skechers USA, Inc., Class A    683,907
  Total Textiles, Apparel & Luxury Goods  $1,996,891
  Trading Companies & Distributors — 2.3%  
2,205 WW Grainger, Inc. $ 2,243,146
  Total Trading Companies & Distributors  $2,243,146
  Total Common Stocks
(Cost $59,128,308) 		$96,662,817
 
  TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 99.7%
(Cost $59,128,308) 		$96,662,817
  OTHER ASSETS AND LIABILITIES — 0.3%    $293,544
  net assets — 100.0% $96,956,361
             
REIT Real Estate Investment Trust.
(a) Non-income producing security.
Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels below.
Level 1 – unadjusted quoted prices in active markets for identical securities.
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
Level 3 – significant unobservable inputs (including the Adviser’s own assumptions in determining fair value of investments).
The following is a summary of the inputs used as of March 31, 2024 in valuing the Portfolio’s investments:
  Level 1 Level 2 Level 3 Total
Common Stocks $96,662,817 $— $— $96,662,817
Total Investments in Securities $96,662,817 $— $— $96,662,817
During the period ended March 31, 2024, there were no transfers in or out of Level 3.
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