# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001752724-25-177006
**Filing Date:** 2025-7
**Character Count:** 12668
**Document Hash:** d6094e352c1a8447fdd0e2d403cb7b35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177006.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-177006

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250531

**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:** 251146618

**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:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-30

**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:** $266160766.83

**Total Liabilities:** $1108212.52

**Net Assets:** $265052554.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004873 | 4.70%                | -10.98%              | 2.10%                |
| Class ID C000004875 | 4.62%                | -10.98%              | 2.00%                |
| Class ID C000004877 | 4.57%                | -11.12%              | 2.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6665481.77              | $6669969.66                                |
| Month 2  | $1727435.29              | $-35677815.83                              |
| Month 3  | $-643705.79              | $4876990.59                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Poseidon Concepts Corp           | Poseidon Concepts Corp           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     35081 | NS      | $0.26         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Valero Energy Corp               | Valero Energy Corp               | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     59689 | NS      | $7698090.33   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                         | EQT Corp                         | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    117348 | NS      | $6469395.24   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                        | Hess Corp                        | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     49955 | NS      | $6603551.45   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                 | TotalEnergies SE                 | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    327312 | NS      | $19268255.66  | 7.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEVRON CORP                     | CHEVRON CORP                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    188715 | NS      | $25797340.50  | 9.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc              | Cheniere Energy Inc              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     46170 | NS      | $10941828.30  | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                   | TechnipFMC PLC                   | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    182062 | NS      | $5671231.30   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COS INC/THE             | WILLIAMS COS INC                 | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    177674 | NS      | $10751053.74  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                      | Cameco Corp                      | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     84022 | NS      | $4918808.96   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp             | Targa Resources Corp             | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     50433 | NS      | $7964883.69   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                   | CONOCOPHILLIPS                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     78155 | NS      | $6670529.25   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                     | Gazprom PJSC                     | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    639500 | NS      | $82.52        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Tenaris SA                       | Tenaris SA                       | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    121659 | NS      | $2037482.62   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd   | Canadian Natural Resources Ltd   | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    363732 | NS      | $11044349.07  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp              | Tourmaline Oil Corp              | CUSIP: 89156V106<br>LEI: 894500A5J1WTJ2WIUU03 | Long             | EC               | CORP              | CA        |     82530 | NS      | $3721322.11   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp           | Permian Resources Corp           | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    483281 | NS      | $6094173.41   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                 | EXXON MOBIL CORP                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    507982 | NS      | $51966558.60  | 19.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                | Kinder Morgan Inc                | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    359361 | NS      | $10076482.44  | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                        | Shell PLC                        | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    838922 | NS      | $27680172.19  | 10.44%            |  |  |  | No            |                  2 | On Loan: No      |
| Pembina Pipeline Corp            | Pembina Pipeline Corp            | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    136462 | NS      | $5114031.16   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                | Suncor Energy Inc                | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    208430 | NS      | $7410135.68   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                   | TC Energy Corp                   | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    213597 | NS      | $10823430.89  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaztransport Et Technigaz SA     | Gaztransport Et Technigaz SA     | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |     13564 | NS      | $2520575.75   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| EOG Resources Inc                | EOG Resources Inc                | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     89143 | NS      | $9678255.51   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds T-Fund | BlackRock Liquidity Funds T-Fund | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |   2374312 | NS      | $2374311.57   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd                | Kosmos Energy Ltd                | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |    724742 | NS      | $1203071.72   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-24

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer