# EDGAR Filing Document

**Accession Number:** 0000355916
**File Stem:** 0001752724-23-039144
**Filing Date:** 2023-2
**Character Count:** 18809
**Document Hash:** 856513b96eab010eff7072832aec5be6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-039144.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-039144

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Variable Series Funds, Inc.
- **CENTRAL INDEX KEY:** 0000355916
- **IRS NUMBER:** 133093080
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03290
- **FILM NUMBER:** 23665100

**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:** FAM Variable Series Funds, Inc.
- **DATE OF NAME CHANGE:** 20050720

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH VARIABLE SERIES FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### BlackRock Capital Appreciation V.I. Fund (Series ID: S000002885)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007932 | Class I      |  |
| C000007934 | Class III    |  |

## 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 Variable Series Funds, Inc.

- **b. Investment Company Act file number:** 811-03290

- **c. CIK number of Registrant:** 0000355916

- **d. LEI of Registrant:** 5493007IJN5JRPJ1DF61

- **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 Capital Appreciation V.I. Fund

- **b. EDGAR series identifier (if any):** S000002885

- **c. LEI of Series:** VR7RG2TI3BE7WOQX6W11

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $159843164.70

**Total Liabilities:** $2054771.72

**Net Assets:** $157788392.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007934 | 4.11%                | 5.76%                | -8.13%               |
| Class ID C000007932 | 3.93%                | 5.84%                | -8.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $928511.55               | $5353957.31                                |
| Month 2  | $159485.84               | $9269688.13                                |
| Month 3  | $-349829.58              | $-13615807.23                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Adyen NV                            | Adyen NV                            | CUSIP: 00783V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |     44649 | NS      | $616156.20    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Match Group, Inc.                   | Match Group, Inc.                   | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     55695 | NS      | $2310785.55   | 1.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Cadence Design Systems, Inc.        | Cadence Design Systems, Inc.        | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     18173 | NS      | $2919310.72   | 1.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet, Inc.                      | Alphabet, Inc., Class A             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     85200 | NS      | $7517196.00   | 4.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution AB                        | Evolution AB                        | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |     29668 | NS      | $2889795.09   | 1.83%             |  |  |  | No            | 2                  | On Loan: No      |
| NVIDIA Corp.                        | NVIDIA Corp.                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     19117 | NS      | $2793758.38   | 1.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com, Inc.                    | Amazon.com, Inc.                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    114021 | NS      | $9577764.00   | 6.07%             |  |  |  | No            | 1                  | On Loan: No      |
| KLA Corp.                           | KLA Corp.                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      8449 | NS      | $3185526.47   | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Danaher Corp.                       | Danaher Corp.                       | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     14162 | NS      | $3758878.04   | 2.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Boston Scientific Corp.             | Boston Scientific Corp.             | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     53710 | NS      | $2485161.70   | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Intuit, Inc.                        | Intuit, Inc.                        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     17191 | NS      | $6691081.02   | 4.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Apple, Inc.                         | Apple, Inc.                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    100853 | NS      | $13103830.29  | 8.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Cheniere Energy, Inc.               | Cheniere Energy, Inc.               | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     14016 | NS      | $2101839.36   | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Ross Stores, Inc.                   | Ross Stores, Inc.                   | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      8698 | NS      | $1009576.86   | 0.64%             |  |  |  | No            | 1                  | On Loan: —       |
| Mastercard, Inc.                    | Mastercard, Inc., Class A           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     12470 | NS      | $4336193.10   | 2.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Tesla, Inc.                         | Tesla, Inc.                         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     23839 | NS      | $2936488.02   | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Marvell Technology, Inc.            | Marvell Technology, Inc.            | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33991 | NS      | $1259026.64   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE | LVMH Moet Hennessy Louis Vuitton SE | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      5708 | NS      | $4153673.24   | 2.63%             |  |  |  | No            | 2                  | On Loan: No      |
| Bill.com Holdings, Inc.             | Bill.com Holdings, Inc.             | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |     10057 | NS      | $1095810.72   | 0.69%             |  |  |  | No            | 1                  | On Loan: —       |
| ASML Holding NV                     | ASML Holding NV (Registered)        | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      9604 | NS      | $5247625.60   | 3.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Chipotle Mexican Grill, Inc.        | Chipotle Mexican Grill, Inc.        | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1506 | NS      | $2089559.94   | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| TransDigm Group, Inc.               | TransDigm Group, Inc.               | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6795 | NS      | $4278471.75   | 2.71%             |  |  |  | No            | 1                  | On Loan: No      |
| MSCI, Inc.                          | MSCI, Inc.                          | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      3864 | NS      | $1797416.88   | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Sherwin-Williams Co. (The)          | Sherwin-Williams Co. (The)          | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      9058 | NS      | $2149735.14   | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Bytedance Ltd., Series E-1          | Bytedance Ltd., Series E-1          | CUSIP: N/A<br>LEI: 2138001IW2EIZVJQ2K36       | Long             | EP               | CORP              | GB        |      9690 | NS      | $1596979.00   | 1.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| S&P Global, Inc.                    | S&P Global, Inc.                    | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     13911 | NS      | $4659350.34   | 2.95%             |  |  |  | No            | 1                  | On Loan: No      |
| AstraZeneca plc                     | AstraZeneca plc                     | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     43736 | NS      | $2965300.80   | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackstone, Inc.                    | Blackstone, Inc., Class A           | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     25639 | NS      | $1902157.41   | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Micro Devices, Inc.        | Advanced Micro Devices, Inc.        | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     45462 | NS      | $2944573.74   | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| EQT Corp.                           | EQT Corp.                           | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     16765 | NS      | $567159.95    | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| IDEXX Laboratories, Inc.            | IDEXX Laboratories, Inc.            | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      6421 | NS      | $2619511.16   | 1.66%             |  |  |  | No            | 1                  | On Loan: No      |
| ServiceNow, Inc.                    | ServiceNow, Inc.                    | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      8876 | NS      | $3446284.52   | 2.18%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Liquidity Funds           | T-Fund, Institutional Class         | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |    486334 | NS      | $486333.77    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp.                     | Microsoft Corp.                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     57528 | NS      | $13796364.96  | 8.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Prologis, Inc.                      | Prologis, Inc.                      | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      8218 | NS      | $926415.14    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| NIKE, Inc.                          | NIKE, Inc., Class B                 | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     34250 | NS      | $4007592.50   | 2.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Waste Connections, Inc.             | Waste Connections, Inc.             | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      9921 | NS      | $1315127.76   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Lonza Group AG                      | Lonza Group AG (Registered)         | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |      4144 | NS      | $2034187.87   | 1.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Intuitive Surgical, Inc.            | Intuitive Surgical, Inc.            | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     13911 | NS      | $3691283.85   | 2.34%             |  |  |  | No            | 1                  | On Loan: No      |
| UnitedHealth Group, Inc.            | UnitedHealth Group, Inc.            | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     11018 | NS      | $5841523.24   | 3.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Thermo Fisher Scientific, Inc.      | Thermo Fisher Scientific, Inc.      | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      4264 | NS      | $2348142.16   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| MongoDB, Inc.                       | MongoDB, Inc.                       | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      1553 | NS      | $305692.52    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Visa, Inc.                          | Visa, Inc., Class A                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     38568 | NS      | $8012887.68   | 5.08%             |  |  |  | No            | 1                  | On Loan: No      |
| SL Liquidity Series, LLC            | Money Market Series                 | CUSIP: N/A<br>LEI: 549300I0RQO84VDWQP47       | Long             | STIV             | RF                | US        |   1707573 | NS      | $1707402.49   | 1.08%             |  |  |  | No            | N/A                | On Loan: No      |
| Zoetis, Inc.                        | Zoetis, Inc.                        | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     17776 | NS      | $2605072.80   | 1.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Cintas Corp.                        | Cintas Corp.                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4035 | NS      | $1822286.70   | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** BlackRock Variable Series Funds, Inc.

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer