# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001752724-23-009964
**Filing Date:** 2023-1
**Character Count:** 14213
**Document Hash:** 208d5750fb2930a425daf3a1030c8416
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009964.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-009964

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS
- **CENTRAL INDEX KEY:** 0000844779
- **IRS NUMBER:** 510318674
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05742
- **FILM NUMBER:** 23548934

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMPASS CAPITAL FUNDS\
- **DATE OF NAME CHANGE:** 19961114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PNC FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NCP FUNDS
- **DATE OF NAME CHANGE:** 19890511

## Series and Classes Contracts Data

### BLACKROCK ENERGY OPPORTUNITIES FUND (Series ID: S000001869)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000004873 | INSTITUTIONAL | BACIX           |
| C000004875 | INVESTOR A    | BACAX           |
| C000004877 | INVESTOR C    | BACCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock Funds

- **b. Investment Company Act file number:** 811-05742

- **c. CIK number of Registrant:** 0000844779

- **d. LEI of Registrant:** 549300OZUEVJZHOBFP42

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** BlackRock Energy Opportunities Fund

- **b. EDGAR series identifier (if any):** S000001869

- **c. LEI of Series:** GU5M3WA7Y5ONXJPK4R58

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $413595908.57

**Total Liabilities:** $4657317.26

**Net Assets:** $408938591.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004877 | -8.95%               | 18.62%               | 3.43%                |
| Class ID C000004873 | -8.86%               | 18.73%               | 3.57%                |
| Class ID C000004875 | -8.87%               | 18.65%               | 3.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3409481.82             | $-28754890.00                              |
| Month 2  | $4474701.36              | $53691398.50                               |
| Month 3  | $502958.07               | $10851930.78                               |

### Schedule of Portfolio Investments

| Name                             | Title                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| PIONEER NATURAL RESOURCES CO     | PIONEER NATURAL RESOURCES CO     | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     19352 | NS      | $4566878.48   | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| EOG RESOURCES INC                | EOG RESOURCES INC                | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    125978 | NS      | $17880057.54  | 4.37%             |  |  |  | No            | 1                  | On Loan: No      |
| CONOCOPHILLIPS                   | CONOCOPHILLIPS                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    241744 | NS      | $29857801.44  | 7.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Ovintiv Inc                      | Ovintiv Inc                      | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107100 | NS      | $5971896.00   | 1.46%             |  |  |  | No            | 1                  | On Loan: No      |
| TC Energy Corp                   | TC Energy Corp                   | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    307850 | NS      | $13640010.41  | 3.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Eni SpA                          | Eni SpA                          | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |    561250 | NS      | $8368236.83   | 2.05%             |  |  |  | No            | 2                  | On Loan: No      |
| CHEVRON CORP                     | CHEVRON CORP                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    203736 | NS      | $37346846.16  | 9.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Tenaris SA                       | Tenaris SA                       | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    252445 | NS      | $4382274.96   | 1.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Cheniere Energy Inc              | Cheniere Energy Inc              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     43653 | NS      | $7654990.08   | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Hess Corp                        | Hess Corp                        | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     88731 | NS      | $12769278.21  | 3.12%             |  |  |  | No            | 1                  | On Loan: —       |
| Diamondback Energy Inc           | Diamondback Energy Inc           | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     67800 | NS      | $10035756.00  | 2.45%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Liquidity Funds T-Fund | BlackRock Liquidity Funds T-Fund | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |   2984088 | NS      | $2984087.67   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Santos Ltd                       | Santos Ltd                       | CUSIP: 000000000<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |    910345 | NS      | $4540931.89   | 1.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Poseidon Concepts Corp           | Poseidon Concepts Corp           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     35081 | NS      | $0.04         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Kinder Morgan Inc                | Kinder Morgan Inc                | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    473300 | NS      | $9049496.00   | 2.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Cenovus Energy Inc               | Cenovus Energy Inc               | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    553121 | NS      | $10999506.93  | 2.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Marathon Petroleum Corp          | Marathon Petroleum Corp          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     93504 | NS      | $11389722.24  | 2.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Tourmaline Oil Corp              | Tourmaline Oil Corp              | CUSIP: 89156V106<br>LEI: 549300LCHLN94A7Y1572 | Long             | EC               | CORP              | CA        |    140364 | NS      | $8542988.28   | 2.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Darling Ingredients Inc          | Darling Ingredients Inc          | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     25141 | NS      | $1805878.03   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| EXXON MOBIL CORP                 | EXXON MOBIL CORP                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    587265 | NS      | $65386085.10  | 15.99%            |  |  |  | No            | 1                  | On Loan: No      |
| ARC Resources Ltd                | ARC Resources Ltd                | CUSIP: 00208D408<br>LEI: FIR47I6FEYKYNJBYW622 | Long             | EC               | CORP              | CA        |    428430 | NS      | $6363625.92   | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Shell PLC                        | Shell PLC                        | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   1327656 | NS      | $38854905.03  | 9.50%             |  |  |  | No            | 2                  | On Loan: No      |
| Glencore PLC                     | Glencore PLC                     | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | CH        |    509930 | NS      | $3479821.40   | 0.85%             |  |  |  | No            | 2                  | On Loan: No      |
| VALERO ENERGY CORP               | VALERO ENERGY CORP               | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     78585 | NS      | $10500527.70  | 2.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Kosmos Energy Ltd                | Kosmos Energy Ltd                | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |    444101 | NS      | $2953271.65   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Patterson-UTI Energy Inc         | Patterson-UTI Energy Inc         | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    100637 | NS      | $1806434.15   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| MONEY MARKET SERIES LLC          | MONEY MARKET SERIES LLC          | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2053027 | NS      | $2052205.41   | 0.50%             |  |  |  | No            | N/A                | On Loan: No      |
| Canadian Natural Resources Ltd   | Canadian Natural Resources Ltd   | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    275599 | NS      | $16454191.50  | 4.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Gazprom PJSC                     | Gazprom PJSC                     | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    639500 | NS      | $104.79       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| WILLIAMS COS INC/THE             | WILLIAMS COS INC                 | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    416196 | NS      | $14442001.20  | 3.53%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                 | TotalEnergies SE                 | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    415505 | NS      | $25969102.29  | 6.35%             |  |  |  | No            | 2                  | On Loan: No      |
| BP PLC                           | BP PLC                           | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   3287933 | NS      | $19634661.72  | 4.80%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** BlackRock Funds

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer