# EDGAR Filing Document

**Accession Number:** 0000202741
**File Stem:** 0001752724-23-067742
**Filing Date:** 2023-3
**Character Count:** 31912
**Document Hash:** 5531d6616d22c6c309e9d1220fae099e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067742.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067742

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS VII, INC.
- **CENTRAL INDEX KEY:** 0000202741
- **IRS NUMBER:** 132866632
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02661
- **FILM NUMBER:** 23763893

**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:** BLACKROCK ASIAN DRAGON FUND, INC.
- **DATE OF NAME CHANGE:** 20171031

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK PACIFIC FUND, INC.
- **DATE OF NAME CHANGE:** 20061002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH PACIFIC FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### BlackRock Sustainable U.S. Growth Equity Fund (Series ID: S000073892)

| Class ID   | Class Name                                                           | Ticker Symbol   |
|:---|:---|:---|
| C000231153 | BlackRock Sustainable U.S. Growth Equity Fund - Institutional Shares |  |
| C000231154 | BlackRock Sustainable U.S. Growth Equity Fund - Class K Shares       |  |
| C000231155 | BlackRock Sustainable U.S. Growth Equity Fund - Investor A Shares    |  |

## Nport-Ex

Schedule of Investments (unaudited)

January 31, 2023

#### BlackRock Sustainable U.S. Growth Equity Fund

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Automobiles — 2.7%** | **Automobiles — 2.7%** | **Automobiles — 2.7%** |
| Tesla, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp; 550 | &nbsp;&nbsp;&nbsp;&nbsp;$95271 |
| **Capital Markets — 4.9%** | **Capital Markets — 4.9%** | **Capital Markets — 4.9%** |
| S&P Global, Inc.<br>| &nbsp;&nbsp; 466 | &nbsp;&nbsp;&nbsp;&nbsp; 174722 |
| **Chemicals — 1.7%** | **Chemicals — 1.7%** | **Chemicals — 1.7%** |
| Ecolab, Inc.<br>| &nbsp;&nbsp; 383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59300 |
| **Commercial Services & Supplies — 3.1%** | **Commercial Services & Supplies — 3.1%** | **Commercial Services & Supplies — 3.1%** |
| Copart, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp; 1652 | &nbsp;&nbsp;&nbsp;&nbsp; 110040 |
| **Containers & Packaging — 1.5%** | **Containers & Packaging — 1.5%** | **Containers & Packaging — 1.5%** |
| Ball Corp.<br>| &nbsp;&nbsp; 889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51775 |
| **Health Care Equipment & Supplies — 3.5%** | **Health Care Equipment & Supplies — 3.5%** | **Health Care Equipment & Supplies — 3.5%** |
| Boston Scientific Corp.<sup>(a)</sup><br>| &nbsp;&nbsp; 1544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71410 |
| IDEXX Laboratories, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50933 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122343 |
| **Health Care Providers & Services — 5.8%** | **Health Care Providers & Services — 5.8%** | **Health Care Providers & Services — 5.8%** |
| Humana, Inc.<br>| &nbsp;&nbsp; 168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85966 |
| UnitedHealth Group, Inc.<br>| &nbsp;&nbsp; 242 | &nbsp;&nbsp;&nbsp;&nbsp; 120804 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206770 |
| **Interactive Media & Services — 3.9%** | **Interactive Media & Services — 3.9%** | **Interactive Media & Services — 3.9%** |
| Alphabet, Inc., Class A<sup>(a)</sup><br>| &nbsp;&nbsp; 1406 | &nbsp;&nbsp;&nbsp;&nbsp; 138969 |
| **Internet & Direct Marketing Retail — 9.8%** | **Internet & Direct Marketing Retail — 9.8%** | **Internet & Direct Marketing Retail — 9.8%** |
| Amazon.com, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp; 2456 | &nbsp;&nbsp;&nbsp;&nbsp; 253287 |
| Etsy, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp; 685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94243 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347530 |
| **IT Services — 8.4%** | **IT Services — 8.4%** | **IT Services — 8.4%** |
| Adyen NV<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55940 |
| Visa, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;1056 | &nbsp;&nbsp;&nbsp;&nbsp; 243102 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299042 |
| **Life Sciences Tools & Services — 6.0%** | **Life Sciences Tools & Services — 6.0%** | **Life Sciences Tools & Services — 6.0%** |
| Danaher Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51025 |
| Lonza Group AG, Registered Shares<br>| &nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96975 |
| West Pharmaceutical Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62682 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210682 |
| **Machinery — 4.2%** | **Machinery — 4.2%** | **Machinery — 4.2%** |
| Chart Industries, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73823 |
| Xylem, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73327 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147150 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Personal Products — 3.2%** | **Personal Products — 3.2%** | **Personal Products — 3.2%** |
| L'Oreal SA<br>| &nbsp;&nbsp; 272 | &nbsp;&nbsp;$112312 |
| **Semiconductors & Semiconductor Equipment — 8.9%** | **Semiconductors & Semiconductor Equipment — 8.9%** | **Semiconductors & Semiconductor Equipment — 8.9%** |
| ASML Holding NV, Registered Shares<br>| &nbsp;&nbsp; 236 | &nbsp;&nbsp;&nbsp;&nbsp; 155958 |
| Marvell Technology, Inc.<br>| &nbsp;&nbsp; 1529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65977 |
| NVIDIA Corp.<br>| &nbsp;&nbsp; 479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93582 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315517 |
| **Software — 19.1%** | **Software — 19.1%** | **Software — 19.1%** |
| Cadence Design Systems, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp; 391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71486 |
| Intuit, Inc.<br>| &nbsp;&nbsp; 351 | &nbsp;&nbsp;&nbsp;&nbsp; 148357 |
| Microsoft Corp.<br>| &nbsp;&nbsp; 1660 | &nbsp;&nbsp;&nbsp;&nbsp; 411365 |
| ServiceNow, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp; 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46423 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;677631 |
| **Technology Hardware, Storage & Peripherals — 8.1%** | **Technology Hardware, Storage & Peripherals — 8.1%** | **Technology Hardware, Storage & Peripherals — 8.1%** |
| Apple Inc.<br>| &nbsp;&nbsp; 1999 | &nbsp;&nbsp;&nbsp;&nbsp; 288436 |
| **Textiles, Apparel & Luxury Goods — 2.8%** | **Textiles, Apparel & Luxury Goods — 2.8%** | **Textiles, Apparel & Luxury Goods — 2.8%** |
| Kering SA<br>| &nbsp;&nbsp; 161 | &nbsp;&nbsp;&nbsp;&nbsp; 100457 |
| **Total Long-Term Investments — 97.6%<br>(Cost: $4,310,643)<br>** | **Total Long-Term Investments — 97.6%<br>(Cost: $4,310,643)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;3457947 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.3%** | **Money Market Funds — 1.3%** | **Money Market Funds — 1.3%** |
| BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.07%<sup>(c)(d)</sup><br>| &nbsp;&nbsp;44889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44889 |
| **Total Short-Term Securities — 1.3%<br>(Cost: $44,889)<br>** | **Total Short-Term Securities — 1.3%<br>(Cost: $44,889)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44889 |
| **Total Investments — 98.9%<br>(Cost: $4,355,532)<br>** | **Total Investments — 98.9%<br>(Cost: $4,355,532)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;3502836 |
| **Other Assets Less Liabilities — 1.1%<br>** | **Other Assets Less Liabilities — 1.1%<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38029 |
| **Net Assets — 100.0%<br>** | **Net Assets — 100.0%<br>** | $3540865 |

---

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

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

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

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

#### Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | &nbsp;&nbsp;*Value at<br> 04/30/22* | &nbsp;&nbsp;&nbsp;&nbsp;*Purchases<br> at Cost* | &nbsp;&nbsp;&nbsp;&nbsp;*Proceeds<br> from Sale* | &nbsp;&nbsp;&nbsp;&nbsp;*Net<br> Realized<br> Gain (Loss)* | &nbsp;&nbsp;&nbsp;&nbsp;*Change in<br> Unrealized<br> Appreciation<br> (Depreciation)* | &nbsp;&nbsp;&nbsp;&nbsp;*Value at<br> 01/31/23* | &nbsp;&nbsp;&nbsp;&nbsp;*Shares<br> Held at<br> 01/31/23* | &nbsp;&nbsp;&nbsp;&nbsp;*Income* | &nbsp;&nbsp;&nbsp;&nbsp;*Capital<br> Gain<br> Distributions<br> from Underlying<br> Funds* |
| BlackRock Liquidity Funds, T-Fund, Institutional Class<br>| &nbsp;&nbsp;$22321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$22568<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$44889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44889 | &nbsp;&nbsp;&nbsp;&nbsp;$715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| SL Liquidity Series, LLC, Money Market Series<sup>(b)</sup><br>| &nbsp;&nbsp; 63400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (63261)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (139) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(139) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$44889 |  | &nbsp;&nbsp;&nbsp;&nbsp;$863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |

---

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

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

<sup>(c)</sup> Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

For Fund compliance purposes, the Fund's industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

------

Schedule of Investments (unaudited) (continued)

January 31, 2023

BlackRock Sustainable U.S. Growth Equity Fund

#### Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. 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 for identical assets or liabilities that the Fund has the ability to access;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (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. There may not be a secondary market, and/or there are 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.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;*Level 1* | &nbsp;&nbsp;*Level 2* | &nbsp;&nbsp;*Level 3* | &nbsp;&nbsp;*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;Automobiles<br>| &nbsp;&nbsp;&nbsp;&nbsp;$95271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$95271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital Markets<br>| &nbsp;&nbsp;&nbsp;&nbsp; 174722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 174722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chemicals<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Services & Supplies<br>| &nbsp;&nbsp;&nbsp;&nbsp; 110040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 110040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Containers & Packaging<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care Equipment & Supplies<br>| &nbsp;&nbsp;&nbsp;&nbsp; 122343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 122343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care Providers & Services<br>| &nbsp;&nbsp;&nbsp;&nbsp; 206770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 206770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interactive Media & Services<br>| &nbsp;&nbsp;&nbsp;&nbsp; 138969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 138969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Internet & Direct Marketing Retail<br>| &nbsp;&nbsp;&nbsp;&nbsp; 347530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 347530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IT Services<br>| &nbsp;&nbsp;&nbsp;&nbsp; 243102 | &nbsp;&nbsp;&nbsp;&nbsp; 55940 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 299042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Life Sciences Tools & Services<br>| &nbsp;&nbsp;&nbsp;&nbsp; 113707 | &nbsp;&nbsp;&nbsp;&nbsp; 96975 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 210682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery<br>| &nbsp;&nbsp;&nbsp;&nbsp; 147150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 147150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal Products<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 112312 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 112312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Semiconductors & Semiconductor Equipment<br>| &nbsp;&nbsp;&nbsp;&nbsp; 315517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 315517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Software<br>| &nbsp;&nbsp;&nbsp;&nbsp; 677631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 677631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Technology Hardware, Storage & Peripherals<br>| &nbsp;&nbsp;&nbsp;&nbsp; 288436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 288436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Textiles, Apparel & Luxury Goods<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 100457 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 100457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44889 |
|  | &nbsp;&nbsp;$3137152 | &nbsp;&nbsp;$365684 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$3502836 |

---

## 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 VII, Inc.

- **b. Investment Company Act file number:** 811-02661

- **c. CIK number of Registrant:** 0000202741

- **d. LEI of Registrant:** VDY1KP9LG622J7GO4A23

- **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 Sustainable U.S. Growth Equity Fund

- **b. EDGAR series identifier (if any):** S000073892

- **c. LEI of Series:** 549300DRDZWS2K1FOJ67

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $3556173.17

**Total Liabilities:** $15431.29

**Net Assets:** $3540741.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000231155 | 4.66%                | -8.91%               | 11.20%               |
| Class ID C000231154 | 4.65%                | -8.80%               | 11.16%               |
| Class ID C000231153 | 4.65%                | -8.83%               | 11.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-82662.20               | $237313.30                                 |
| Month 2  | $7.70                    | $-306808.11                                |
| Month 3  | $9.17                    | $356663.88                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cadence Design Systems Inc       | Cadence Design Systems Inc       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       391 | NS      | $71486.53     | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                       | L'Oreal SA                       | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |       272 | NS      | $112311.97    | 3.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering SA                        | Kering SA                        | CUSIP: 000000000<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |       161 | NS      | $100457.06    | 2.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc                        | Tesla Inc                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       550 | NS      | $95271.00     | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                       | Humana Inc                       | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       168 | NS      | $85965.60     | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                   | Microsoft Corp                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1660 | NS      | $411364.60    | 11.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                     | Alphabet Inc                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1406 | NS      | $138969.04    | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                       | Ecolab Inc                       | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       383 | NS      | $59299.89     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc           | UnitedHealth Group Inc           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       242 | NS      | $120803.98    | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                     | Xylem Inc/NY                     | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       705 | NS      | $73327.05     | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                       | Intuit Inc                       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       351 | NS      | $148357.17    | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                       | Copart Inc                       | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      1652 | NS      | $110039.72    | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                   | S&P Global Inc                   | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       466 | NS      | $174722.04    | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp           | Boston Scientific Corp           | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      1544 | NS      | $71410.00     | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                        | Ball Corp                        | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |       889 | NS      | $51775.36     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                     | Danaher Corp                     | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       193 | NS      | $51025.34     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                         | Etsy Inc                         | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |       685 | NS      | $94242.30     | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                         | Visa Inc                         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1056 | NS      | $243101.76    | 6.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                  | ASML Holding NV                  | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       236 | NS      | $155958.24    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds T-Fund | BlackRock Liquidity Funds T-Fund | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |     44889 | NS      | $44889.33     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc           | IDEXX Laboratories Inc           | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       106 | NS      | $50933.00     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                   | ServiceNow Inc                   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       102 | NS      | $46423.26     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                      | NVIDIA Corp                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       479 | NS      | $93582.23     | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc             | Chart Industries Inc             | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |       551 | NS      | $73822.98     | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                   | Amazon.com Inc                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      2456 | NS      | $253287.28    | 7.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                   | Lonza Group AG                   | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |       170 | NS      | $96975.07     | 2.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                         | Adyen NV                         | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |        37 | NS      | $55940.56     | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Marvell Technology Inc           | Marvell Technology Inc           | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1529 | NS      | $65976.35     | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                        | Apple Inc                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      1999 | NS      | $288435.71    | 8.15%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I   | West Pharmaceutical Services Inc | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |       236 | NS      | $62681.60     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-27

**Name of Applicant:** BLACKROCK FUNDS VII, INC.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer