# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0000940400-26-002217
**Filing Date:** 2026-1
**Character Count:** 9329
**Document Hash:** 126234ade188a328cd0d698fb9c1825c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002217.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000940400-26-002217

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251128

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**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:** 26559279

**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 U.S. Insights Long/Short Equity Fund (Series ID: S000080441)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000242843 | Class K       |  |
| C000242844 | Investor A    |  |
| C000242845 | Institutional |  |

## 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 U.S. Insights Long/Short Equity Fund

- **b. EDGAR series identifier (if any):** S000080441

- **c. LEI of Series:** 529900FXVT71X4JZNJ06

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

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

- **b. Date as of which information is reported:** 2025-11-28

**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:** $80765913.43

**Total Liabilities:** $67754562.52

**Net Assets:** $13011350.91

**Cash Not Reported:** $522874.18

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000242843 | 0.89%                | 2.45%                | 0.67%                |
| Class ID C000242844 | 0.90%                | 2.47%                | 0.67%                |
| Class ID C000242845 | 0.89%                | 2.55%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11072.65               | $4053.43                                   |
| Month 2  | $-13299.86               | $-889.60                                   |
| Month 3  | $-14867.06               | $-35549.86                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GOLDMAN SACHS BANK USA         | TRS CFD EQUITY BASKET           | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DE               | CORP              | US        |         1 | NC      | $39978.02     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Beta Technologies Inc          | Beta Technologies Inc           | CUSIP: 086921103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1224 | NS      | $33378.48     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Via Transportation Inc         | Via Transportation Inc          | CUSIP: 92556W104<br>LEI: 5493008VI9XI9EV3A861 | Long             | EC               | CORP              | US        |       266 | NS      | $9264.78      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                   | Netskope Inc                    | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |       778 | NS      | $14299.64     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Rock Coffee Bar Inc      | Black Rock Coffee Bar Inc       | CUSIP: 092244102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       425 | NS      | $9668.75      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Laundry Holdings Inc  | Alliance Laundry Holdings Inc   | CUSIP: 01862Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1762 | NS      | $41882.74     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Neptune Insurance Holdings Inc | Neptune Insurance Holdings Inc  | CUSIP: 64073B103<br>LEI: 529900I3QTHC0Q1C2D65 | Long             | EC               | CORP              | US        |       257 | NS      | $5993.24      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL    | TRS CFD EQUITY BASKET           | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |         1 | NC      | $91626.09     | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                  | TRS CFD EQUITY BASKET           | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DE               | CORP              | GB        |         1 | NC      | $108013.69    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC              | TRS CFD EQUITY BASKET           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               | CORP              | GB        |         1 | NC      | $955.69       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WaterBridge Infrastructure LLC | WaterBridge Infrastructure LLC  | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       969 | NS      | $22093.20     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Klarna Group PLC               | Klarna Group PLC                | CUSIP: 000000000<br>LEI: 636700HER4JIK7GZUN17 | Long             | EC               | CORP              | GB        |       341 | NS      | $10731.27     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Navan Inc                      | Navan Inc                       | CUSIP: 639193101<br>LEI: 254900RHRK35UPHTGY05 | Long             | EC               | CORP              | US        |      1521 | NS      | $25385.49     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Figure Technology Solutions In | Figure Technology Solutions Inc | CUSIP: 349381103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       376 | NS      | $13626.24     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill     | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12052300 | PA      | $12039193.12  | 92.53%            | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-23

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer