# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0000940400-26-014713
**Filing Date:** 2026-4
**Character Count:** 54339
**Document Hash:** d25360c32e6ca2d60012ccfa695d050f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014713.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014713

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS
- **CENTRAL INDEX KEY:** 0000844779

**ORGANIZATION NAME:**
- **EIN:** 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:** 26893035

**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 Technology Opportunities Fund (Series ID: S000001510)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000004062 | INSTITUTIONAL  | BGSIX           |
| C000004063 | SERVICE        | BSTSX           |
| C000004064 | INVESTOR A     | BGSAX           |
| C000004066 | INVESTOR C     | BGSCX           |
| C000037630 | Class R Shares |  |
| C000216612 | Class K        |  |

## Nport-Ex

Schedule of Investments (unaudited)

February 28, 2026

**BlackRock Technology Opportunities Fund**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Aerospace & Defense — 1.1%** | **Aerospace & Defense — 1.1%** | **Aerospace & Defense — 1.1%** |
| AeroVironment, Inc.<sup>(a)</sup> | 105439 | $26596988 |
| Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> | 502359 | 43293298 |
|  |  | 69890286 |
| **Automobiles — 2.4%** | **Automobiles — 2.4%** | **Automobiles — 2.4%** |
| Hyundai Motor Co. | 105092 | 49269686 |
| Tesla, Inc.<sup>(a)</sup> | 270657 | 108942149 |
|  |  | 158211835 |
| **Broadline Retail — 2.5%** | **Broadline Retail — 2.5%** | **Broadline Retail — 2.5%** |
| Amazon.com, Inc.<sup>(a)</sup> | 567425 | 119159250 |
| MercadoLibre, Inc.<sup>(a)</sup> | 26417 | 46429991 |
|  |  | 165589241 |
| **Capital Markets — 0.3%** | **Capital Markets — 0.3%** | **Capital Markets — 0.3%** |
| Robinhood Markets, Inc., Class A<sup>(a)</sup> | 295976 | 22449780 |
| **Communications Equipment — 3.9%** | **Communications Equipment — 3.9%** | **Communications Equipment — 3.9%** |
| Arista Networks, Inc.<sup>(a)</sup> | 758237 | 101224639 |
| Cisco Systems, Inc. | 608924 | 48385101 |
| Lumentum Holdings, Inc.<sup>(a)(b)</sup> | 150381 | 105403547 |
|  |  | 255013287 |
| **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Think & Learn Private Ltd. (Acquired 09/30/20, cost <br> $3,427,642)<sup>(a)(c)(d)</sup><br>| 2241 |  |
| **Electrical Equipment — 2.6%** | **Electrical Equipment — 2.6%** | **Electrical Equipment — 2.6%** |
| Siemens Energy AG | 442193 | 85642956 |
| Vertiv Holdings Co., Class A | 342606 | 87326843 |
|  |  | 172969799 |
| **Electronic Equipment, Instruments & Components — 3.2%** | **Electronic Equipment, Instruments & Components — 3.2%** | **Electronic Equipment, Instruments & Components — 3.2%** |
| Advanced Energy Industries, Inc. | 69082 | 23181847 |
| Coherent Corp.<sup>(a)</sup> | 128085 | 33165049 |
| Corning, Inc. | 379813 | 57116279 |
| Elite Material Co. Ltd. | 636000 | 48706600 |
| Flex Ltd.<sup>(a)</sup> | 740326 | 46655344 |
|  |  | 208825119 |
| **Entertainment — 1.7%** | **Entertainment — 1.7%** | **Entertainment — 1.7%** |
| Spotify Technology SA<sup>(a)</sup> | 93869 | 48336903 |
| Take-Two Interactive Software, Inc.<sup>(a)</sup> | 292241 | 61803126 |
|  |  | 110140029 |
| **Financial Services — 0.1%** | **Financial Services — 0.1%** | **Financial Services — 0.1%** |
| Klarna Group PLC<sup>(a)</sup> | 307200 | 4165632 |
| **Interactive Media & Services — 6.6%** | **Interactive Media & Services — 6.6%** | **Interactive Media & Services — 6.6%** |
| Alphabet, Inc., Class A | 930406 | 290063375 |
| Meta Platforms, Inc., Class A | 226517 | 146823789 |
|  |  | 436887164 |
| **IT Services — 2.9%** | **IT Services — 2.9%** | **IT Services — 2.9%** |
| Farmer's Business Network, Inc.<sup>(a)(c)</sup> | 194200 | 200026 |
| International Business Machines Corp. | 77278 | 18562948 |
| MongoDB, Inc., Class A<sup>(a)</sup> | 116054 | 38120257 |
| Snowflake, Inc., Class A<sup>(a)</sup> | 787865 | 132684345 |
|  |  | 189567576 |
| **Media — 0.8%** | **Media — 0.8%** | **Media — 0.8%** |
| EchoStar Corp., Class A<sup>(a)</sup> | 456188 | 52703400 |
| **Semiconductors & Semiconductor Equipment — 44.6%** | **Semiconductors & Semiconductor Equipment — 44.6%** | **Semiconductors & Semiconductor Equipment — 44.6%** |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 730349 | 146223173 |
| Advantest Corp. | 1365600 | 236480283 |
| ASE Technology Holding Co. Ltd. | 2783000 | 33533968 |
| ASML Holding NV | 52424 | 76245885 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** |
| Broadcom, Inc. | 1502119 | $480002126 |
| Credo Technology Group Holding Ltd.<sup>(a)</sup> | 321263 | 36068197 |
| Intel Corp.<sup>(a)</sup> | 2190013 | 99886493 |
| Lam Research Corp. | 1204250 | 281662033 |
| Monolithic Power Systems, Inc. | 129300 | 147756282 |
| NVIDIA Corp. | 4442758 | 787212290 |
| SK hynix, Inc. | 397910 | 294211669 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd., <br> ADR<br>| 864432 | 323798939 |
|  |  | 2943081338 |
| **Software — 11.7%** | **Software — 11.7%** | **Software — 11.7%** |
| Cadence Design Systems, Inc.<sup>(a)</sup> | 137160 | 41340024 |
| Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | 193460 | 71963251 |
| &nbsp;&nbsp;&nbsp; Databricks, Inc. (Acquired 07/24/20, cost <br> $5,122,891)<sup>(a)(c)(d)</sup><br>| 319983 | 57187361 |
| Datadog, Inc., Class A<sup>(a)</sup> | 216504 | 24239788 |
| Microsoft Corp. | 910100 | 357432674 |
| Oracle Corp. | 598902 | 87080351 |
| Palantir Technologies, Inc., Class A<sup>(a)(b)</sup> | 232697 | 31923701 |
| Palo Alto Networks, Inc.<sup>(a)</sup> | 481364 | 71684727 |
| Rubrik, Inc., Class A<sup>(a)</sup> | 535054 | 27801406 |
| &nbsp;&nbsp;&nbsp; Unqork, Inc. (Acquired 03/05/21, cost <br> $4,093,769)<sup>(a)(c)(d)</sup><br>| 149520 | 508368 |
|  |  | 771161651 |
| **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** |
| &nbsp;&nbsp;&nbsp; AceVector Ltd. (Acquired 05/07/14, cost <br> $1,414,399)<sup>(a)(c)(d)</sup><br>| 304000 | 99010 |
| **Technology Hardware, Storage & Peripherals — 11.3%** | **Technology Hardware, Storage & Peripherals — 11.3%** | **Technology Hardware, Storage & Peripherals — 11.3%** |
| Apple Inc. | 1520460 | 401675123 |
| Samsung Electronics Co. Ltd. | 2062128 | 308641448 |
| Western Digital Corp. | 134999 | 37759220 |
|  |  | 748075791 |
| **Wireless Telecommunication Services — 1.2%** | **Wireless Telecommunication Services — 1.2%** | **Wireless Telecommunication Services — 1.2%** |
| SoftBank Group Corp. | 3140200 | 80407832 |
| **Total Common Stocks — 96.9%** <br>**(Cost: $3,227,583,712)** | **Total Common Stocks — 96.9%** <br>**(Cost: $3,227,583,712)** | 6389238770 |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Preferred Stocks — 3.2%** | **Preferred Stocks — 3.2%** | **Preferred Stocks — 3.2%** |
| **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Think & Learn Private Ltd., Series F, (Acquired <br> 09/30/20, cost $6,867,746)<sup>(a)(c)(d)</sup><br>| 2371 |  |
| **Interactive Media & Services — 0.4%** | **Interactive Media & Services — 0.4%** | **Interactive Media & Services — 0.4%** |
| &nbsp;&nbsp;&nbsp; Bytedance Ltd., Series E-1, (Acquired 11/11/20, cost <br> $9,487,385)<sup>(a)(c)(d)</sup><br>| 94889 | 24771723 |
| **Semiconductors & Semiconductor Equipment — 0.5%** | **Semiconductors & Semiconductor Equipment — 0.5%** | **Semiconductors & Semiconductor Equipment — 0.5%** |
| &nbsp;&nbsp;&nbsp; PsiQuantum Corp., Series C, (Acquired 09/09/19, <br> cost $2,698,454)<sup>(a)(c)(d)</sup><br>| 581814 | 22108932 |
| SambaNova Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, (Acquired 02/20/20, cost <br> $9,804,574)<sup>(a)(c)(d)</sup><br>| 184153 | 5642448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series E-2, (Acquired 10/22/25, cost <br> $3,000,000)<sup>(a)(c)(d)</sup><br>| 138276 | 4112328 |
|  |  | 31863708 |
| **Software — 2.3%** | **Software — 2.3%** | **Software — 2.3%** |
| &nbsp;&nbsp;&nbsp; Anthropic PBC, Series F, (Acquired 08/18/25, cost <br> $35,749,947)<sup>(a)(c)(d)</sup><br>| 253604 | 65718940 |

---

------

Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Technology Opportunities Fund**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Databricks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series F, (Acquired 10/22/19, cost <br> $3,700,005)<sup>(a)(c)(d)</sup><br>| 258450 | $46190184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series G, (Acquired 02/01/21, cost <br> $12,500,003)<sup>(a)(c)(d)</sup><br>| 211425 | 37785876 |
| Unqork, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, (Acquired 03/05/21, cost <br> $194,941)<sup>(a)(c)(d)</sup><br>| 7120 | 26415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, (Acquired 03/05/21, cost <br> $314,315)<sup>(a)(c)(d)</sup><br>| 11480 | 49594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, (Acquired 09/18/20, cost <br> $8,323,340)<sup>(a)(c)(d)</sup><br>| 304000 | 1814880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series Seed, (Acquired 03/05/21, cost <br> $489,544)<sup>(a)(c)(d)</sup><br>| 17880 | 62044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series Seed A, (Acquired 03/05/21, cost <br> $180,704)<sup>(a)(c)(d)</sup><br>| 6600 | 22770 |
|  |  | 151670703 |
| **Total Preferred Securities — 3.2%** <br>**(Cost: $93,310,958)** | **Total Preferred Securities — 3.2%** <br>**(Cost: $93,310,958)** | 208306134 |
| **Warrants**<sup>(a)(c)</sup> | **Warrants**<sup>(a)(c)</sup> | **Warrants**<sup>(a)(c)</sup> |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| &nbsp;&nbsp;&nbsp; Constellation Software, Inc., (Issued/Exercisable <br> 08/22/23, 1 Share for 1 Warrant, Expires <br> 03/31/40, Strike Price CAD 11.50)<br>| 22107 |  |
| **Total Warrants — 0.0%** <br>**(Cost: $0)** | **Total Warrants — 0.0%** <br>**(Cost: $0)** |  |
| **Total Long-Term Investments — 100.1%** <br>**(Cost: $3,320,894,670)** | **Total Long-Term Investments — 100.1%** <br>**(Cost: $3,320,894,670)** | 6597544904 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.0%** | **Money Market Funds — 1.0%** | **Money Market Funds — 1.0%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(e)(f)(g)</sup><br>| 64510294 | $64542549 |
| **Total Short-Term Securities — 1.0%** <br>**(Cost: $64,542,433)** | **Total Short-Term Securities — 1.0%** <br>**(Cost: $64,542,433)** | 64542549 |
| **Total Investments — 101.1%** <br>**(Cost: $3,385,437,103)** | **Total Investments — 101.1%** <br>**(Cost: $3,385,437,103)** | 6662087453 |
| **Liabilities in Excess of Other Assets — (1.1)%** | **Liabilities in Excess of Other Assets — (1.1)%** | (69910236)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $6592177217 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan.

<sup>(c)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(d)</sup> Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $266,100,873, representing 4.0% of its net assets as of period end, and an original cost of $107,369,659. 

<sup>(e)</sup> Affiliate of the Fund.

<sup>(f)</sup> Annualized 7-day yield as of period end.

<sup>(g)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*05/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain* <br>*(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash <br> Funds: Institutional, SL <br> Agency Shares<br>| &nbsp;&nbsp; $8833200<br>| &nbsp;&nbsp; $55709758 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(525)<br>| &nbsp;&nbsp; $116 | &nbsp;&nbsp; $64542549 | &nbsp;&nbsp; 64510294 | &nbsp;&nbsp; $1081873 <br><sup>(b)</sup><br>| &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, <br> T-Fund, Institutional <br> Shares<sup>(c)</sup><br>| &nbsp;&nbsp; 153923002<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (153923002 )<sup>(a)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 945302 | &nbsp;&nbsp; — |
|  |  |  |  | &nbsp;&nbsp; $(525)<br>| &nbsp;&nbsp; $116 | &nbsp;&nbsp; $64542549 |  | &nbsp;&nbsp; $2027175 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

<sup>(c)</sup> As of period end, the entity is no longer held.

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

------

Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Technology Opportunities Fund**

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp; $69890286 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $69890286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp; 108942149 | &nbsp;&nbsp; 49269686 | &nbsp;&nbsp; — | &nbsp;&nbsp; 158211835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp; 165589241 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 165589241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; 22449780 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 22449780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp; 255013287 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 255013287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diversified Consumer Services | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp; 87326843 | &nbsp;&nbsp; 85642956 | &nbsp;&nbsp; — | &nbsp;&nbsp; 172969799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp; 160118519 | &nbsp;&nbsp; 48706600 | &nbsp;&nbsp; — | &nbsp;&nbsp; 208825119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp; 110140029 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 110140029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp; — | &nbsp;&nbsp; 4165632 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4165632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp; 436887164 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 436887164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp; 189367550 | &nbsp;&nbsp; — | &nbsp;&nbsp; 200026 | &nbsp;&nbsp; 189567576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp; 52703400 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 52703400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp; 2302609533 | &nbsp;&nbsp; 640471805 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2943081338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; 713465922 | &nbsp;&nbsp; — | &nbsp;&nbsp; 57695729 | &nbsp;&nbsp; 771161651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 99010 | &nbsp;&nbsp; 99010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp; 439434343 | &nbsp;&nbsp; 308641448 | &nbsp;&nbsp; — | &nbsp;&nbsp; 748075791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp; — | &nbsp;&nbsp; 80407832 | &nbsp;&nbsp; — | &nbsp;&nbsp; 80407832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 208306134 | &nbsp;&nbsp; 208306134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 64542549 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 64542549 |
|  | &nbsp;&nbsp; $5178480595 | &nbsp;&nbsp; $1217305959 | &nbsp;&nbsp; $266300899 | &nbsp;&nbsp; $6662087453 |

---

------

Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Technology Opportunities Fund**

A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Common* <br>*Stocks*<br>| &nbsp;&nbsp; *Preferred* <br>*Stocks* <br>| *Warrants* | *Total* |
| **Assets** |  |  |  |  |
| Opening Balance, as of May 31, 2025 | &nbsp;&nbsp; $44662809 | &nbsp;&nbsp;&nbsp;&nbsp; $100074838 | &nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $144737647 |
| Transfers into Level 3 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Transfers out of Level 3 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Accrued discounts/premiums | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Net realized gain (loss) | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation)<sup>(a)</sup> | &nbsp;&nbsp; 24349128 | &nbsp;&nbsp;&nbsp;&nbsp; 70742346 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 95091474 |
| Purchases | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 38749947 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 38749947 |
| Sales | &nbsp;&nbsp; (11017172)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1260997)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12278169)<br>|
| Closing Balance, as of February 28, 2026 | &nbsp;&nbsp; $57994765 | &nbsp;&nbsp;&nbsp;&nbsp; $208306134 | &nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $266300899 |
| Net change in unrealized appreciation (depreciation) on investments still held at February 28, 2026<sup>(a)</sup> | &nbsp;&nbsp; $24830452 | &nbsp;&nbsp;&nbsp;&nbsp; $70742346 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $95572798 |

---

&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup>

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at February 28, 2026, is generally due to investments no longer held or categorized as Level 3 at period end.

&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup>

Rounds to less than $1.

The following table summarizes the valuation approaches used and unobservable inputs utilized by the Valuation Committee to determine the value of certain of the Fund's Level 3 financial instruments as of period end.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | *Value* | *Valuation Approach* | &nbsp;&nbsp;&nbsp; *Unobservable* <br>*Inputs*<br>| &nbsp;&nbsp;&nbsp; *Range of* <br>*Unobservable Inputs* <br>*Utilized*<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; *Weighted Average of* <br>*Unobservable Inputs* <br>*Based on Fair Value*<br>|
| **Assets** |  |  |  |  |  |
| Common Stocks | &nbsp;&nbsp; $57994765 | &nbsp;&nbsp;&nbsp;&nbsp; Market <br>| &nbsp;&nbsp;&nbsp;&nbsp; Revenue Multiple <br>Volatility <br>Time to Exit<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.00x - 22.00x <br>70% <br>&nbsp;&nbsp;&nbsp;&nbsp;3.0 years<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21.74x <br>— <br>—<br>|
| Preferred Stocks | &nbsp;&nbsp; 208306134 | Market | &nbsp;&nbsp;&nbsp;&nbsp; Revenue Multiple <br>Volatility <br>Time to Exit <br>Market Adjustment Multiple<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.40x - 22.00x <br>70% - 90% <br>&nbsp;&nbsp;&nbsp;&nbsp;3.0 - 4.0 years <br>1.15x<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17.68x <br>76% <br>&nbsp;&nbsp;&nbsp;&nbsp;3.7 years <br>—<br>|
|  | &nbsp;&nbsp; 266300899 |  |  |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup>

A significant change in unobservable input could result in a correlated or inverse change in value.

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| CAD | Canadian Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| ADR | American Depositary Receipt |

---

------

## 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 Technology Opportunities Fund

- **b. EDGAR series identifier (if any):** S000001510

- **c. LEI of Series:** 549300ED38YSMGQKQY06

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-27

**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:** $6704779044.60

**Total Liabilities:** $111188575.86

**Net Assets:** $6593590468.74

**Cash Not Reported:** $14247144.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004062 | -0.83%               | 2.28%                | -1.49%               |
| Class ID C000004063 | -0.86%               | 2.26%                | -1.49%               |
| Class ID C000004064 | -0.86%               | 2.25%                | -1.50%               |
| Class ID C000004066 | -0.91%               | 2.19%                | -1.56%               |
| Class ID C000037630 | -0.89%               | 2.25%                | -1.54%               |
| Class ID C000216612 | -0.82%               | 2.29%                | -1.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $201389398.59            | $-254272668.04                             |
| Month 2  | $130572390.25            | $26890623.94                               |
| Month 3  | $29125334.56             | $-128416681.03                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SAMBANOVA SYSTEMS INC                        | SAMBANOVA SYSTEMS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    138276 | NS      | $4112328.24   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ANTHROPIC PBC                                | ANTHROPIC PBC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    253604 | NS      | $65718940.56  | 1.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| UNQORK INC                                   | UNQORK INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11480 | NS      | $49593.60     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MongoDB Inc.                                 | MongoDB Inc. CL A                                          | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |    116054 | NS      | $38120257.38  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.             | Advanced Energy Industries, Inc. COM                       | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     69082 | NS      | $23181846.74  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BYTEDANCE LTD                                | BYTEDANCE LTD                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | CN        |     94889 | NS      | $24771722.34  | 0.38%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Crowdstrike Holdings Inc                     | Crowdstrike Holdings Inc CL A                              | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |    193460 | NS      | $71963250.80  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC                               | DATABRICKS INC                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    319983 | NS      | $57187361.76  | 0.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lumentum Holdings Inc.                       | Lumentum Holdings Inc. COM                                 | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |    150381 | NS      | $105403546.71 | 1.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. SPONSORED ADS | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    864432 | NS      | $323798938.56 | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                           | Vertiv Holdings Co COM CL A                                | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    342606 | NS      | $87326843.34  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC                               | DATABRICKS INC                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    211425 | NS      | $37785876.00  | 0.57%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KLARNA 6M LOCK UP                            | KLARNA 6M LOCK UP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    307200 | NS      | $4165632.00   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PSIQUANTUM CORP                              | PSIQUANTUM CORP                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    581814 | NS      | $22108932.00  | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Take-Two Interactive Software Inc.           | Take-Two Interactive Software Inc. COM                     | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |    292241 | NS      | $61803126.68  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Elite Material Co Ltd.                       | Elite Material Co Ltd. TWD10                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    636000 | NS      | $48706599.86  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| THINK & LEARN PVT LTD                        | THINK & LEARN PVT LTD                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | IN        |      2371 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Western Digital Corp.                        | Western Digital Corp. COM                                  | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    134999 | NS      | $37759220.30  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UNQORK INC                                   | UNQORK INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7120 | NS      | $26415.20     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tesla Inc                                    | Tesla Inc COM                                              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    270657 | NS      | $108942149.07 | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V. EUR0.09                                  | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     52424 | NS      | $76245885.09  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| UNQORK INC                                   | UNQORK INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6600 | NS      | $22770.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Alphabet Inc.                                | Alphabet Inc. CAP STK CL A                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    930406 | NS      | $290063374.56 | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Funds III                          | Blackrock Funds III INSTL MMKT                             | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  83521490 | PA      | $83563250.99  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc.                                | SK Hynix Inc. KRW5000                                      | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |    397910 | NS      | $294211668.69 | 4.46%             |  |  |  | No            |                  2 | On Loan: No      |
| UNQORK INC                                   | UNQORK INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    149520 | NS      | $508368.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Robinhood Markets Inc                        | Robinhood Markets Inc COM CL A                             | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    295976 | NS      | $22449779.60  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                            | Siemens Energy AG NPV                                      | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |    442193 | NS      | $85642955.94  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Cadence Design Systems, Inc.                 | Cadence Design Systems, Inc. COM                           | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    137160 | NS      | $41340024.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Corning Incorporated                         | Corning Incorporated COM                                   | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    379813 | NS      | $57116278.94  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.    | Kratos Defense & Security Solutions, Inc. COM NEW          | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |    502359 | NS      | $43293298.62  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| THINK & LEARN PVT LTD                        | THINK & LEARN PVT LTD                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      2241 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc. COM                                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    567425 | NS      | $119159250.00 | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                        | Spotify Technology S.A. COM EUR0.000625                    | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     93869 | NS      | $48336902.86  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp. COM                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    910100 | NS      | $357432674.00 | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                | Coherent Corp COM                                          | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    128085 | NS      | $33165049.05  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom Inc COM                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   1502119 | NS      | $480002126.45 | 7.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UNQORK INC                                   | UNQORK INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17880 | NS      | $62043.60     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Softbank Group Corp.                         | Softbank Group Corp. NPV                                   | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |   3140200 | NS      | $80407831.56  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| AeroVironment, Inc.                          | AeroVironment, Inc. COM                                    | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |    105439 | NS      | $26596987.75  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD                                     | Flex Ltd. COM USD0.01                                      | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |    782379 | NS      | $49305524.58  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | Cisco Systems, Inc. COM                                    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    608924 | NS      | $48385101.04  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                       | Palo Alto Networks Inc COM                                 | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    481364 | NS      | $71684726.88  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMBANOVA SYSTEMS INC                        | SAMBANOVA SYSTEMS INC                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    184153 | NS      | $5642447.92   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Intel Corporation                            | Intel Corporation COM                                      | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |   2190013 | NS      | $99886492.93  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UNQORK INC                                   | UNQORK INC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    304000 | NS      | $1814880.00   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Snowflake Inc                                | Snowflake Inc COM SHS                                      | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |    787865 | NS      | $132684344.65 | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                  | Constellation Software Inc. WT EXP 033140                  | CUSIP: 21037X134<br>LEI: 549300B6PYHMCTDWQV29 | N/A              | DE               | CORP              | CA        |     22107 | NC      | $0.16         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ASE Technology Holding Co Ltd.               | ASE Technology Holding Co Ltd. TWD10                       | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |   2783000 | NS      | $33533967.64  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA Corp. COM                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   4442758 | NS      | $787212290.02 | 11.94%            |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd           | Credo Technology Group Holding Ltd ORDINARY SHARES         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    321263 | NS      | $36068197.01  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AceVector Limited                            | AceVector Limited                                          | CUSIP: 000000000<br>LEI: 5493002HL9KOT2Y5UT46 | Long             | EC               | CORP              | IN        |    304000 | NS      | $99009.58     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Mercadolibre Inc                             | Mercadolibre Inc COM                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     26417 | NS      | $46429990.86  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc CL A                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    226517 | NS      | $146823789.06 | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp.                              | Advantest Corp. NPV                                        | CUSIP: 000000000<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |   1365600 | NS      | $236480283.43 | 3.59%             |  |  |  | No            |                  2 | On Loan: No      |
| DATABRICKS INC                               | DATABRICKS INC                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    258450 | NS      | $46190184.00  | 0.70%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FARMERS BUSINESS NETWORK COMMON              | FARMERS BUSINESS NETWORK COMMON                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194200 | NS      | $200026.00    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Apple Inc.                                   | Apple Inc. COM                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1520460 | NS      | $401675122.80 | 6.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd.                  | Samsung Electronics Co Ltd. KRW100                         | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |   2062128 | NS      | $308641448.34 | 4.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Monolithic Power Systems Inc.                | Monolithic Power Systems Inc. COM                          | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |    129300 | NS      | $147756282.00 | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                  | Advanced Micro Devices Inc. COM                            | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    730349 | NS      | $146223173.29 | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Motor Co.                            | Hyundai Motor Co. KRW5000                                  | CUSIP: 000000000<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |    105092 | NS      | $49269686.10  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corporation                     | Lam Research Corporation COM NEW                           | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |   1204250 | NS      | $281662032.50 | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                               | EchoStar Corp. CL A                                        | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |    456188 | NS      | $52703399.64  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corp. COM                                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    598902 | NS      | $87080350.80  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                  | Datadog Inc CL A COM                                       | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    216504 | NS      | $24239787.84  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | International Business Machines Corp. COM                  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     77278 | NS      | $18562948.38  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc.                                  | Rubrik Inc. CL A                                           | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |    535054 | NS      | $27801405.84  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                    | Palantir Technologies Inc CL A                             | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    232697 | NS      | $31923701.43  | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Arista Networks Inc                          | Arista Networks Inc COM SHS                                | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    758237 | NS      | $101224639.50 | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer