# EDGAR Filing Document

**Accession Number:** 0000918848
**File Stem:** 0001410368-25-010132
**Filing Date:** 2025-9
**Character Count:** 77741
**Document Hash:** 8c9666f1bc4af6fd54f8aecd6c92c41a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010132.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010132

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MID-CAP VALUE SERIES, INC.
- **CENTRAL INDEX KEY:** 0000918848

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07177
- **FILM NUMBER:** 251338584

**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 MID CAP DIVIDEND SERIES, INC.
- **DATE OF NAME CHANGE:** 20170612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK MID CAP VALUE OPPORTUNITIES SERIES INC.
- **DATE OF NAME CHANGE:** 20061002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASSET PROGRAM INC
- **DATE OF NAME CHANGE:** 20000203

## Series and Classes Contracts Data

### BlackRock Mid-Cap Value Fund (Series ID: S000002541)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000006998 | Investor A    |  |
| C000007000 | Investor C    |  |
| C000007001 | Institutional |  |
| C000007002 | Class R       |  |
| C000199762 | Class K       |  |

## Nport-Ex

July 31, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

**BlackRock Mid-Cap Value Fund**<br>

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

July 31, 2025

**BlackRock Mid-Cap Value 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 — 2.7%** | **Aerospace & Defense — 2.7%** |  |
| Huntington Ingalls Industries, Inc. | 19576 | &nbsp;&nbsp; $5458963 |
| L3Harris Technologies, Inc. | 57477 | &nbsp;&nbsp; 15795829 |
| Textron, Inc. | 60300 | &nbsp;&nbsp; 4689531 |
|  |  | &nbsp;&nbsp; 25944323 |
| **Air Freight & Logistics — 0.5%** | **Air Freight & Logistics — 0.5%** |  |
| FedEx Corp. | 20050 | &nbsp;&nbsp; 4480974 |
| **Automobile Components — 1.4%** | **Automobile Components — 1.4%** |  |
| Aptiv PLC<sup>(a)</sup> | 122828 | &nbsp;&nbsp; 8430914 |
| Lear Corp. | 47706 | &nbsp;&nbsp; 4498199 |
|  |  | &nbsp;&nbsp; 12929113 |
| **Automobiles — 1.1%** | **Automobiles — 1.1%** |  |
| General Motors Co. | 196514 | &nbsp;&nbsp; 10482057 |
| **Banks — 4.5%** | **Banks — 4.5%** |  |
| Citigroup, Inc. | 77625 | &nbsp;&nbsp; 7273462 |
| Citizens Financial Group, Inc. | 50384 | &nbsp;&nbsp; 2404324 |
| First Citizens BancShares, Inc., Class A | 12642 | &nbsp;&nbsp; 25217756 |
| Flagstar Financial, Inc. | 658526 | &nbsp;&nbsp; 7434759 |
|  |  | &nbsp;&nbsp; 42330301 |
| **Beverages — 1.0%** | **Beverages — 1.0%** |  |
| Keurig Dr. Pepper, Inc. | 279994 | &nbsp;&nbsp; 9141804 |
| **Biotechnology**<sup>(a)</sup> **— 0.6%** | **Biotechnology**<sup>(a)</sup> **— 0.6%** |  |
| Caris Life Sciences, Inc. | 9383 | &nbsp;&nbsp; 263475 |
| Moderna, Inc. | 180481 | &nbsp;&nbsp; 5335018 |
|  |  | &nbsp;&nbsp; 5598493 |
| **Broadline Retail — 0.5%** | **Broadline Retail — 0.5%** |  |
| Etsy, Inc.<sup>(a)</sup> | 83876 | &nbsp;&nbsp; 4887455 |
| **Building Products — 3.1%** | **Building Products — 3.1%** |  |
| Fortune Brands Innovations, Inc. | 270670 | &nbsp;&nbsp; 14762342 |
| Gibraltar Industries, Inc.<sup>(a)</sup> | 154066 | &nbsp;&nbsp; 10172978 |
| Johnson Controls International PLC | 43033 | &nbsp;&nbsp; 4518465 |
|  |  | &nbsp;&nbsp; 29453785 |
| **Capital Markets — 2.0%** | **Capital Markets — 2.0%** |  |
| Carlyle Group, Inc. | 178100 | &nbsp;&nbsp; 10803546 |
| Onex Corp. | 98588 | &nbsp;&nbsp; 8020236 |
|  |  | &nbsp;&nbsp; 18823782 |
| **Chemicals — 3.5%** | **Chemicals — 3.5%** |  |
| Air Products and Chemicals, Inc. | 31032 | &nbsp;&nbsp; 8933492 |
| Axalta Coating Systems Ltd.<sup>(a)</sup> | 155390 | &nbsp;&nbsp; 4400645 |
| International Flavors & Fragrances, Inc. | 116135 | &nbsp;&nbsp; 8249069 |
| PPG Industries, Inc. | 112364 | &nbsp;&nbsp; 11854402 |
|  |  | &nbsp;&nbsp; 33437608 |
| **Commercial Services & Supplies — 1.0%** | **Commercial Services & Supplies — 1.0%** |  |
| Rentokil Initial PLC | 1940129 | &nbsp;&nbsp; 9678225 |
| **Consumer Finance — 0.3%** | **Consumer Finance — 0.3%** |  |
| Capital One Financial Corp. | 12861 | &nbsp;&nbsp; 2765115 |
| **Consumer Staples Distribution & Retail — 1.8%** | **Consumer Staples Distribution & Retail — 1.8%** |  |
| Dollar General Corp. | 118159 | &nbsp;&nbsp; 12394879 |
| Dollar Tree, Inc.<sup>(a)</sup> | 44751 | &nbsp;&nbsp; 5081476 |
|  |  | &nbsp;&nbsp; 17476355 |
| **Containers & Packaging — 2.3%** | **Containers & Packaging — 2.3%** |  |
| Crown Holdings, Inc. | 96708 | &nbsp;&nbsp; 9608907 |
| Sealed Air Corp. | 421344 | &nbsp;&nbsp; 12332739 |
|  |  | &nbsp;&nbsp; 21941646 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Electric Utilities — 5.1%** | **Electric Utilities — 5.1%** |  |
| Alliant Energy Corp. | 70659 | &nbsp;&nbsp; $4593542 |
| American Electric Power Co., Inc. | 93260 | &nbsp;&nbsp; 10551435 |
| Edison International | 46890 | &nbsp;&nbsp; 2443907 |
| Entergy Corp. | 54013 | &nbsp;&nbsp; 4884396 |
| Evergy, Inc. | 137630 | &nbsp;&nbsp; 9744204 |
| Exelon Corp. | 235700 | &nbsp;&nbsp; 10592358 |
| PG&E Corp. | 375165 | &nbsp;&nbsp; 5259813 |
|  |  | &nbsp;&nbsp; 48069655 |
| **Electrical Equipment — 0.5%** | **Electrical Equipment — 0.5%** |  |
| Sensata Technologies Holding PLC | 150073 | &nbsp;&nbsp; 4616245 |
| **Electronic Equipment, Instruments & Components — 1.4%** | **Electronic Equipment, Instruments & Components — 1.4%** |  |
| Avnet, Inc. | 132021 | &nbsp;&nbsp; 6989192 |
| Keysight Technologies, Inc.<sup>(a)</sup> | 26631 | &nbsp;&nbsp; 4365087 |
| Ralliant Corp.<sup>(a)</sup> | 41501 | &nbsp;&nbsp; 1897426 |
|  |  | &nbsp;&nbsp; 13251705 |
| **Entertainment — 1.0%** | **Entertainment — 1.0%** |  |
| Electronic Arts, Inc. | 62123 | &nbsp;&nbsp; 9473136 |
| **Financial Services — 5.8%** | **Financial Services — 5.8%** |  |
| Cannae Holdings, Inc. | 539102 | &nbsp;&nbsp; 11526001 |
| Chime Financial, Inc., Class A<sup>(a)</sup> | 31995 | &nbsp;&nbsp; 1100948 |
| Fidelity National Information Services, Inc. | 241284 | &nbsp;&nbsp; 19160362 |
| Global Payments, Inc. | 87626 | &nbsp;&nbsp; 7005699 |
| Mr. Cooper Group, Inc.<sup>(a)</sup> | 31776 | &nbsp;&nbsp; 4948159 |
| UWM Holdings Corp., Class A | 1078951 | &nbsp;&nbsp; 4337383 |
| Voya Financial, Inc. | 100179 | &nbsp;&nbsp; 7012530 |
|  |  | &nbsp;&nbsp; 55091082 |
| **Food Products — 2.2%** | **Food Products — 2.2%** |  |
| Kraft Heinz Co. | 213449 | &nbsp;&nbsp; 5861310 |
| Lamb Weston Holdings, Inc. | 168364 | &nbsp;&nbsp; 9608533 |
| The Campbell's Co. | 154410 | &nbsp;&nbsp; 4928767 |
|  |  | &nbsp;&nbsp; 20398610 |
| **Ground Transportation — 1.0%** | **Ground Transportation — 1.0%** |  |
| CSX Corp. | 155520 | &nbsp;&nbsp; 5527181 |
| Lyft, Inc., Class A<sup>(a)</sup> | 271882 | &nbsp;&nbsp; 3822661 |
|  |  | &nbsp;&nbsp; 9349842 |
| **Health Care Equipment & Supplies — 3.4%** | **Health Care Equipment & Supplies — 3.4%** |  |
| Baxter International, Inc. | 597892 | &nbsp;&nbsp; 13010130 |
| Becton Dickinson & Co. | 106615 | &nbsp;&nbsp; 19004124 |
|  |  | &nbsp;&nbsp; 32014254 |
| **Health Care Providers & Services — 3.9%** | **Health Care Providers & Services — 3.9%** |  |
| Cardinal Health, Inc. | 104122 | &nbsp;&nbsp; 16161817 |
| CVS Health Corp. | 259004 | &nbsp;&nbsp; 16084148 |
| Labcorp Holdings, Inc. | 17322 | &nbsp;&nbsp; 4505106 |
|  |  | &nbsp;&nbsp; 36751071 |
| **Health Care REITs — 0.4%** | **Health Care REITs — 0.4%** |  |
| Healthcare Realty Trust, Inc. | 257186 | &nbsp;&nbsp; 3950377 |
| **Household Durables**<sup>(a)</sup> **— 0.5%** | **Household Durables**<sup>(a)</sup> **— 0.5%** |  |
| M/I Homes, Inc. | 21280 | &nbsp;&nbsp; 2557643 |
| Tri Pointe Homes, Inc.<sup>(b)</sup> | 82940 | &nbsp;&nbsp; 2554552 |
|  |  | &nbsp;&nbsp; 5112195 |
| **Industrial REITs — 2.2%** | **Industrial REITs — 2.2%** |  |
| Rexford Industrial Realty, Inc. | 327952 | &nbsp;&nbsp; 11980086 |
| STAG Industrial, Inc. | 247336 | &nbsp;&nbsp; 8491045 |
|  |  | &nbsp;&nbsp; 20471131 |
| **Insurance — 4.2%** | **Insurance — 4.2%** |  |
| Accelerant Holdings, Class A<sup>(a)(b)</sup> | 69116 | &nbsp;&nbsp; 1903455 |
| American International Group, Inc. | 107149 | &nbsp;&nbsp; 8317977 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock Mid-Cap Value Fund** 

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** |  |
| Assurant, Inc. | 22607 | &nbsp;&nbsp; $4234291 |
| Fidelity National Financial, Inc., Class A | 174768 | &nbsp;&nbsp; 9862158 |
| First American Financial Corp. | 104928 | &nbsp;&nbsp; 6300926 |
| Willis Towers Watson PLC | 30361 | &nbsp;&nbsp; 9588308 |
|  |  | &nbsp;&nbsp; 40207115 |
| **Interactive Media & Services — 2.5%** | **Interactive Media & Services — 2.5%** |  |
| Autohome, Inc., ADR | 199203 | &nbsp;&nbsp; 5396409 |
| Pinterest, Inc., Class A<sup>(a)</sup> | 252219 | &nbsp;&nbsp; 9735654 |
| Reddit, Inc., Class A<sup>(a)</sup> | 23812 | &nbsp;&nbsp; 3823969 |
| Yelp, Inc.<sup>(a)</sup> | 132775 | &nbsp;&nbsp; 4571443 |
|  |  | &nbsp;&nbsp; 23527475 |
| **IT Services — 0.6%** | **IT Services — 0.6%** |  |
| Cognizant Technology Solutions Corp., Class A | 82093 | &nbsp;&nbsp; 5890994 |
| **Leisure Products — 0.5%** | **Leisure Products — 0.5%** |  |
| Hasbro, Inc. | 62157 | &nbsp;&nbsp; 4671720 |
| **Life Sciences Tools & Services — 0.7%** | **Life Sciences Tools & Services — 0.7%** |  |
| Avantor, Inc.<sup>(a)</sup> | 514783 | &nbsp;&nbsp; 6918683 |
| **Machinery — 2.7%** | **Machinery — 2.7%** |  |
| CNH Industrial NV | 735532 | &nbsp;&nbsp; 9532495 |
| Fortive Corp. | 124493 | &nbsp;&nbsp; 5966949 |
| Komatsu Ltd. | 157300 | &nbsp;&nbsp; 5067873 |
| Middleby Corp.<sup>(a)</sup> | 32445 | &nbsp;&nbsp; 4711014 |
|  |  | &nbsp;&nbsp; 25278331 |
| **Marine Transportation — 0.4%** | **Marine Transportation — 0.4%** |  |
| AP Moller - Maersk A/S, Class B | 1885 | &nbsp;&nbsp; 3722425 |
| **Media — 1.3%** | **Media — 1.3%** |  |
| Magnite, Inc.<sup>(a)(b)</sup> | 102512 | &nbsp;&nbsp; 2358801 |
| WPP PLC | 1759663 | &nbsp;&nbsp; 9527496 |
|  |  | &nbsp;&nbsp; 11886297 |
| **Metals & Mining — 1.0%** | **Metals & Mining — 1.0%** |  |
| Barrick Mining Corp. | 231688 | &nbsp;&nbsp; 4893250 |
| Teck Resources Ltd., Class B<sup>(a)</sup> | 133203 | &nbsp;&nbsp; 4319292 |
|  |  | &nbsp;&nbsp; 9212542 |
| **Multi-Utilities — 2.2%** | **Multi-Utilities — 2.2%** |  |
| Dominion Energy, Inc. | 171199 | &nbsp;&nbsp; 10006582 |
| Sempra | 135756 | &nbsp;&nbsp; 11088550 |
|  |  | &nbsp;&nbsp; 21095132 |
| **Oil, Gas & Consumable Fuels — 4.8%** | **Oil, Gas & Consumable Fuels — 4.8%** |  |
| BP PLC, ADR | 425956 | &nbsp;&nbsp; 13694485 |
| Enterprise Products Partners LP | 309502 | &nbsp;&nbsp; 9591467 |
| Kosmos Energy Ltd.<sup>(a)(b)</sup> | 3895776 | &nbsp;&nbsp; 8375918 |
| Tourmaline Oil Corp. | 331860 | &nbsp;&nbsp; 14123690 |
|  |  | &nbsp;&nbsp; 45785560 |
| **Personal Care Products — 0.5%** | **Personal Care Products — 0.5%** |  |
| Puig Brands SA, Class B | 249234 | &nbsp;&nbsp; 4631959 |
| **Pharmaceuticals — 1.0%** | **Pharmaceuticals — 1.0%** |  |
| Bayer AG, Class N, Registered Shares | 304869 | &nbsp;&nbsp; 9481951 |
| **Professional Services — 4.2%** | **Professional Services — 4.2%** |  |
| Leidos Holdings, Inc. | 39490 | &nbsp;&nbsp; 6304578 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Professional Services (continued)** | **Professional Services (continued)** |  |
| Maximus, Inc. | 96706 | &nbsp;&nbsp; $7142705 |
| SS&C Technologies Holdings, Inc. | 309220 | &nbsp;&nbsp; 26432126 |
|  |  | &nbsp;&nbsp; 39879409 |
| **Residential REITs — 0.7%** | **Residential REITs — 0.7%** |  |
| AvalonBay Communities, Inc. | 37370 | &nbsp;&nbsp; 6961284 |
| **Semiconductors & Semiconductor Equipment — 0.8%** | **Semiconductors & Semiconductor Equipment — 0.8%** |  |
| Amkor Technology, Inc. | 108790 | &nbsp;&nbsp; 2454302 |
| STMicroelectronics NV, ADR | 206177 | &nbsp;&nbsp; 5243081 |
|  |  | &nbsp;&nbsp; 7697383 |
| **Software**<sup>(a)</sup> **— 1.5%** | **Software**<sup>(a)</sup> **— 1.5%** |  |
| Figma, Inc., Class A | 7574 | &nbsp;&nbsp; 874797 |
| Nice Ltd., ADR<sup>(b)</sup> | 58759 | &nbsp;&nbsp; 9169342 |
| Unity Software, Inc. | 138424 | &nbsp;&nbsp; 4617825 |
|  |  | &nbsp;&nbsp; 14661964 |
| **Specialized REITs — 1.4%** | **Specialized REITs — 1.4%** |  |
| Crown Castle, Inc. | 124799 | &nbsp;&nbsp; 13115127 |
| **Specialty Retail — 0.7%** | **Specialty Retail — 0.7%** |  |
| Bath & Body Works, Inc. | 150340 | &nbsp;&nbsp; 4353847 |
| Upbound Group, Inc. | 91106 | &nbsp;&nbsp; 1879972 |
|  |  | &nbsp;&nbsp; 6233819 |
| **Technology Hardware, Storage & Peripherals — 3.7%** | **Technology Hardware, Storage & Peripherals — 3.7%** |  |
| Hewlett Packard Enterprise Co. | 360087 | &nbsp;&nbsp; 7450200 |
| HP, Inc. | 389390 | &nbsp;&nbsp; 9656872 |
| Western Digital Corp. | 232005 | &nbsp;&nbsp; 18256473 |
|  |  | &nbsp;&nbsp; 35363545 |
| **Textiles, Apparel & Luxury Goods — 1.9%** | **Textiles, Apparel & Luxury Goods — 1.9%** |  |
| Gildan Activewear, Inc. | 157834 | &nbsp;&nbsp; 7972195 |
| Swatch Group AG<sup>(b)</sup> | 57066 | &nbsp;&nbsp; 10092534 |
|  |  | &nbsp;&nbsp; 18064729 |
| **Tobacco — 1.5%** | **Tobacco — 1.5%** |  |
| British American Tobacco PLC, ADR | 268654 | &nbsp;&nbsp; 14421347 |
| **Trading Companies & Distributors — 0.6%** | **Trading Companies & Distributors — 0.6%** |  |
| WESCO International, Inc. | 25522 | &nbsp;&nbsp; 5282033 |
| **Total Common Stocks — 93.1%** <br>**(Cost: $777,529,772)** | **Total Common Stocks — 93.1%** <br>**(Cost: $777,529,772)** | &nbsp;&nbsp; 881911163 |
| **Investment Companies** | **Investment Companies** | **Investment Companies** |
| **Equity Funds**<sup>(b)</sup> **— 2.3%** | **Equity Funds**<sup>(b)</sup> **— 2.3%** |  |
| SPDR S&P Biotech ETF | 172262 | &nbsp;&nbsp; 14755963 |
| SPDR S&P Software & Services ETF | 40248 | &nbsp;&nbsp; 7522754 |
|  |  | &nbsp;&nbsp; 22278717 |
| **Total Investment Companies — 2.3%** <br>**(Cost: $18,301,999)** | **Total Investment Companies — 2.3%** <br>**(Cost: $18,301,999)** | &nbsp;&nbsp; 22278717 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock Mid-Cap Value Fund** 

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Preferred Stocks — 1.4%** | **Preferred Stocks — 1.4%** | **Preferred Stocks — 1.4%** |
| **Household Products — 1.4%** | **Household Products — 1.4%** |  |
| Henkel AG & Co. KGaA | 169961 | &nbsp;&nbsp; $13097041 |
|  |  | &nbsp;&nbsp; 13097041 |
| **Total Preferred Securities — 1.4%** <br>**(Cost: $13,849,357)** | **Total Preferred Securities — 1.4%** <br>**(Cost: $13,849,357)** | &nbsp;&nbsp; 13097041 |
| **Total Long-Term Investments — 96.8%** <br>**(Cost: $809,681,128)** | **Total Long-Term Investments — 96.8%** <br>**(Cost: $809,681,128)** | &nbsp;&nbsp; 917286921 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 5.7%** | **Money Market Funds — 5.7%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency Shares, <br> 4.44%<sup>(c)(d)(e)</sup><br>| 24151666 | &nbsp;&nbsp; 24161327 |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional Shares, <br> 4.20%<sup>(c)(d)</sup><br>| 29835625 | &nbsp;&nbsp; 29835625 |
| **Total Short-Term Securities — 5.7%** <br>**(Cost: $53,996,952)** | **Total Short-Term Securities — 5.7%** <br>**(Cost: $53,996,952)** | &nbsp;&nbsp; 53996952 |
| **Total Investments — 102.5%** <br>**(Cost: $863,678,080)** | **Total Investments — 102.5%** <br>**(Cost: $863,678,080)** | &nbsp;&nbsp; 971283873 |
| **Liabilities in Excess of Other Assets — (2.5)%** | **Liabilities in Excess of Other Assets — (2.5)%** | &nbsp;&nbsp; (23829493)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $947454380 |

---

&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> Affiliate of the Fund.

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

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

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

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*04/30/25*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL Agency Shares | $15425628<br> $8735451 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $465 | $(217)<br>| $24161327 | 24151666 | $27641 <br><sup>(b)</sup><br>| &nbsp;&nbsp; $— |
| BlackRock Liquidity Funds, T-Fund, Institutional Shares | 24964350<br> 4871275 <br><sup>(a)</sup><br>| &nbsp;&nbsp; — |  |  | 29835625 | 29835625 | 323834 | &nbsp;&nbsp; — |
|  |  |  | $465 | $(217)<br>| $53996952 |  | $351475 | &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. 

**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;&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;&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;&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

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock Mid-Cap Value Fund** 

**Fair Value Hierarchy as of Period End (continued)**

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; $25944323 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $25944323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp; 4480974 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4480974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp; 12929113 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12929113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp; 10482057 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10482057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp; 42330301 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 42330301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp; 9141804 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9141804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | &nbsp;&nbsp; 5598493 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5598493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp; 4887455 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4887455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp; 29453785 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29453785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; 18823782 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18823782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp; 33437608 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33437608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9678225 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9678225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp; 2765115 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2765115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp; 17476355 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17476355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp; 21941646 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 21941646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp; 48069655 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 48069655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp; 4616245 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4616245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp; 13251705 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13251705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp; 9473136 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9473136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp; 55091082 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 55091082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp; 20398610 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20398610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp; 9349842 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9349842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp; 32014254 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 32014254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp; 36751071 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 36751071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care REITs | &nbsp;&nbsp; 3950377 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3950377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp; 5112195 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5112195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial REITs | &nbsp;&nbsp; 20471131 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20471131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp; 40207115 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 40207115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp; 23527475 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23527475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp; 5890994 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5890994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leisure Products | &nbsp;&nbsp; 4671720 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4671720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | &nbsp;&nbsp; 6918683 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6918683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp; 20210458 | &nbsp;&nbsp;&nbsp;&nbsp; 5067873 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25278331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marine Transportation | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3722425 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3722425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp; 2358801 | &nbsp;&nbsp;&nbsp;&nbsp; 9527496 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11886297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp; 9212542 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9212542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp; 21095132 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 21095132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp; 45785560 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 45785560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4631959 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4631959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9481951 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9481951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp; 39879409 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 39879409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential REITs | &nbsp;&nbsp; 6961284 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6961284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp; 7697383 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7697383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; 14661964 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14661964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp; 13115127 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13115127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp; 6233819 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6233819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp; 35363545 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 35363545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp; 7972195 | &nbsp;&nbsp;&nbsp;&nbsp; 10092534 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18064729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp; 14421347 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14421347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp; 5282033 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5282033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 22278717 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22278717 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock Mid-Cap Value Fund** 

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $13097041 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $13097041 |
| &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; 53996952 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 53996952 |
|  | &nbsp;&nbsp; $905984369 | &nbsp;&nbsp;&nbsp;&nbsp; $65299504 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $971283873 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| ADR | American Depositary Receipt |
| ETF | Exchange-Traded Fund |
| S&P | Standard & Poor's |
| SPDR | Standard & Poor's Depository 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 Mid-Cap Value Series, Inc.

- **b. Investment Company Act file number:** 811-07177

- **c. CIK number of Registrant:** 0000918848

- **d. LEI of Registrant:** 5493003G3UCJERKN1U53

- **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 Mid-Cap Value Fund

- **b. EDGAR series identifier (if any):** S000002541

- **c. LEI of Series:** OKDABTOHP57RKQS1OU88

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $996836292.76

**Total Liabilities:** $50372645.00

**Net Assets:** $946463647.76

**Cash Not Reported:** $6129.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007000 | 4.00%                | 3.78%                | 0.64%                |
| Class ID C000007002 | 4.07%                | 3.85%                | 0.73%                |
| Class ID C000007001 | 4.09%                | 3.89%                | 0.74%                |
| Class ID C000006998 | 4.06%                | 3.90%                | 0.72%                |
| Class ID C000199762 | 4.09%                | 3.89%                | 0.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4061921.53              | $30323352.35                               |
| Month 2  | $988826.02               | $32588676.21                               |
| Month 3  | $20001418.78             | $-12976041.27                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WESCO International Inc                    | WESCO International Inc                                 | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     25522 | NS      | $5282033.12   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC               | British American Tobacco PLC                            | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    268654 | NS      | $14421346.72  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                               | Assurant Inc                                            | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     22607 | NS      | $4234291.10   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                  | L3Harris Technologies Inc                               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     57477 | NS      | $15795829.14  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                        | Dollar General Corp                                     | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    118159 | NS      | $12394879.10  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial Inc            | Fidelity National Financial Inc                         | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    174768 | NS      | $9862158.24   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc             | American Electric Power Co Inc                          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     93260 | NS      | $10551436.40  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                          | General Motors Co                                       | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    196514 | NS      | $10482056.76  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                       | Western Digital Corp                                    | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    232005 | NS      | $18256473.45  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                       | Amkor Technology Inc                                    | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |    108790 | NS      | $2454302.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                        | Dominion Energy Inc                                     | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    171199 | NS      | $10006581.55  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC           | Sensata Technologies Holding PLC                        | CUSIP: 000000000<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |    150073 | NS      | $4616245.48   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc                   | Gibraltar Industries Inc                                | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    154066 | NS      | $10172977.98  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                   | Yelp Inc                                                | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |    132775 | NS      | $4571443.25   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc                      | Gildan Activewear Inc                                   | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |    157834 | NS      | $7972195.34   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Cannae Holdings Inc                        | Cannae Holdings Inc                                     | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |    539102 | NS      | $11526000.76  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial Inc                     | Flagstar Financial Inc                                  | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    658526 | NS      | $7434758.54   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc             | Air Products and Chemicals Inc                          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     31032 | NS      | $8933492.16   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp                        | Tourmaline Oil Corp                                     | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |    331860 | NS      | $14123689.52  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp        | Cognizant Technology Solutions Corp                     | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     82093 | NS      | $5890993.68   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp              | First American Financial Corp                           | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    104928 | NS      | $6300926.40   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                              | Citigroup Inc                                           | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     77625 | NS      | $7273462.50   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                         | PPG Industries Inc                                      | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    112364 | NS      | $11854402.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                | Exelon Corp                                             | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    235700 | NS      | $10592358.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                  | Lear Corp                                               | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     47706 | NS      | $4498198.74   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                 | Axalta Coating Systems Ltd                              | CUSIP: 000000000<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |    155390 | NS      | $4400644.80   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                | Maximus Inc                                             | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     96706 | NS      | $7142705.16   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                       | Tri Pointe Homes Inc                                    | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82940 | NS      | $2554552.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| CNH Industrial NV                          | CNH Industrial NV                                       | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    735532 | NS      | $9532494.72   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA                        | Henkel AG & Co KGaA                                     | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |    169961 | NS      | $13097041.00  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co              | Hewlett Packard Enterprise Co                           | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    360087 | NS      | $7450200.03   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                         | Crown Holdings Inc                                      | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     96708 | NS      | $9608906.88   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                      | Carlyle Group Inc/The                                   | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    178100 | NS      | $10803546.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                        | Leidos Holdings Inc                                     | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     39490 | NS      | $6304578.50   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| WPP PLC                                    | WPP PLC                                                 | CUSIP: 000000000<br>LEI: 549300LSGBXPYHXGDT93 | Long             | EC               | CORP              | JE        |   1759663 | NS      | $9527496.29   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Edison International                       | Edison International                                    | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     46890 | NS      | $2443906.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV                      | STMicroelectronics NV                                   | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |    206177 | NS      | $5243081.11   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III                        | BlackRock Cash Funds: Institutional, SL Agency Shares   | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  24448549 | NS      | $24458328.07  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                 | Hasbro Inc                                              | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     62157 | NS      | $4671720.12   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                         | Teck Resources Ltd                                      | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    133203 | NS      | $4319291.85   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc                          | Upbound Group Inc                                       | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     91106 | NS      | $1879972.31   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                            | Sealed Air Corp                                         | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    421344 | NS      | $12332738.88  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                      | Becton Dickinson & Co                                   | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    106615 | NS      | $19004123.75  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                            | Dollar Tree Inc                                         | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     44751 | NS      | $5081476.05   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                  | Aptiv PLC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |    122828 | NS      | $8430913.92   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                | Moderna Inc                                             | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |    180481 | NS      | $5335018.36   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries Inc          | Huntington Ingalls Industries Inc                       | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |     19576 | NS      | $5458963.36   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                   | Willis Towers Watson PLC                                | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     30361 | NS      | $9588307.41   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc         | Johnson Controls International plc                      | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     43033 | NS      | $4518465.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                               | Entergy Corp                                            | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     54013 | NS      | $4884395.59   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| UWM Holdings Corp                          | UWM Holdings Corp                                       | CUSIP: 91823B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1078951 | NS      | $4337383.02   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                     | Sempra                                                  | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    135756 | NS      | $11088550.08  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                            | CVS Health Corp                                         | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    259004 | NS      | $16084148.40  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                           | Crown Castle Inc                                        | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    124799 | NS      | $13115126.91  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                   | Lyft Inc                                                | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    271882 | NS      | $3822660.92   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                       | Rentokil Initial PLC                                    | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |   1940129 | NS      | $9678225.48   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nice Ltd                                   | Nice Ltd                                                | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     58759 | NS      | $9169341.95   | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Etsy Inc                                   | Etsy Inc                                                | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     83876 | NS      | $4887454.52   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                | Magnite Inc                                             | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    102512 | NS      | $2358801.12   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Ralliant Corp                              | Ralliant Corp                                           | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41501 | NS      | $1897425.72   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                   | Lamb Weston Holdings Inc                                | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |    168364 | NS      | $9608533.48   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/NC           | First Citizens BancShares Inc/NC                        | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |     12642 | NS      | $25217755.92  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Caris Life Sciences Inc                    | Caris Life Sciences Inc                                 | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |      9383 | NS      | $263474.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                  | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  29835625 | NS      | $29835624.89  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Autohome Inc                               | Autohome Inc                                            | CUSIP: 05278C107<br>LEI: 529900NYB6ZGZN3MVT56 | Long             | EC               | CORP              | KY        |    199203 | NS      | $5396409.27   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| The Campbell's Company                     | The Campbell's Company                                  | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |    154410 | NS      | $4928767.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                 | Reddit Inc                                              | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23812 | NS      | $3823969.08   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd                          | Kosmos Energy Ltd                                       | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |   3895776 | NS      | $8375918.40   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                        | Alliant Energy Corp                                     | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     70659 | NS      | $4593541.59   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                       | Labcorp Holdings Inc                                    | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17322 | NS      | $4505105.76   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc             | SS&C Technologies Holdings Inc                          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    309220 | NS      | $26432125.60  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                 | Evergy Inc                                              | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    137630 | NS      | $9744204.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc             | Fortune Brands Innovations Inc                          | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |    270670 | NS      | $14762341.80  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                  | PG&E Corp                                               | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    375165 | NS      | $5259813.30   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Chime Financial Inc                        | Chime Financial Inc                                     | CUSIP: 16935C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31995 | NS      | $1100947.95   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| FedEx Corp                                 | FedEx Corp                                              | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     20050 | NS      | $4480974.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                   | CSX Corp                                                | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    155520 | NS      | $5527180.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                  | AvalonBay Communities Inc                               | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |     37370 | NS      | $6961283.60   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services Inc              | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    241284 | NS      | $19160362.44  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                          | Middleby Corp/The                                       | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     32445 | NS      | $4711014.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                                | Komatsu Ltd                                             | CUSIP: 000000000<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |    157300 | NS      | $5067872.81   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Avnet Inc                                  | Avnet Inc                                               | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |    132021 | NS      | $6989191.74   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                      | Bath & Body Works Inc                                   | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    150340 | NS      | $4353846.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                         | Voya Financial Inc                                      | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    100179 | NS      | $7012530.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                        | Cardinal Health Inc                                     | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |    104122 | NS      | $16161816.84  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                                   | Bayer AG                                                | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    304869 | NS      | $9481950.53   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Cooper Group Inc                        | Mr Cooper Group Inc                                     | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     31776 | NS      | $4948158.72   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc               | Citizens Financial Group Inc                            | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     50384 | NS      | $2404324.48   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S                     | AP Moller - Maersk A/S                                  | CUSIP: 000000000<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |      1885 | NS      | $3722424.84   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances Inc     | International Flavors & Fragrances Inc                  | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |    116135 | NS      | $8249069.05   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                        | Barrick Mining Corp                                     | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    231688 | NS      | $4893250.56   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                | Textron Inc                                             | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     60300 | NS      | $4689531.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Biotech ETF                       | SPDR S&P Biotech ETF                                    | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Long             | EC               | RF                | US        |    172262 | NS      | $14755962.92  | 1.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Avantor Inc                                | Avantor Inc                                             | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    514783 | NS      | $6918683.52   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                         | Unity Software Inc                                      | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |    138424 | NS      | $4617824.64   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                        | Electronic Arts Inc                                     | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     62123 | NS      | $9473136.27   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Onex Corp                                  | Onex Corp                                               | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |     98588 | NS      | $8020236.26   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                  | Keysight Technologies Inc                               | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     26631 | NS      | $4365087.21   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                              | Pinterest Inc                                           | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    252219 | NS      | $9735653.40   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                               | Fortive Corp                                            | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |    124493 | NS      | $5966949.49   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                     | BP PLC                                                  | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    425956 | NS      | $13694485.40  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners LP            | Enterprise Products Partners LP                         | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    309502 | NS      | $9591466.98   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                        | STAG Industrial Inc                                     | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |    247336 | NS      | $8491044.88   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                         | Kraft Heinz Co/The                                      | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    213449 | NS      | $5861309.54   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Accelerant Holdings                        | Accelerant Holdings                                     | CUSIP: 000000000<br>LEI: 213800VS4CX9ZONTD965 | Long             | EC               | CORP              | KY        |     69116 | NS      | $1903454.64   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Rexford Industrial Realty Inc              | Rexford Industrial Realty Inc                           | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |    327952 | NS      | $11980086.56  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Puig Brands SA                             | Puig Brands SA                                          | CUSIP: 000000000<br>LEI: 549300OVHNSX30L1AQ94 | Long             | EC               | CORP              | ES        |    249234 | NS      | $4631958.85   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthcare Realty Trust Inc                | Healthcare Realty Trust Inc                             | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    257186 | NS      | $3950376.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                       | Keurig Dr Pepper Inc                                    | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    279994 | NS      | $9141804.10   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                        | Global Payments Inc                                     | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     87626 | NS      | $7005698.70   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                     | HP Inc                                                  | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    389390 | NS      | $9656872.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Swatch Group AG/The                        | Swatch Group AG/The                                     | CUSIP: 000000000<br>LEI: 529900NTES2LEON1JZ55 | Long             | EC               | CORP              | CH        |     57066 | NS      | $10092533.35  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| M/I Homes Inc                              | M/I Homes Inc                                           | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     21280 | NS      | $2557643.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc                   | Baxter International Inc                                | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |    597892 | NS      | $13010129.92  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                 | Capital One Financial Corp                              | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     12861 | NS      | $2765115.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc           | American International Group Inc                        | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    107149 | NS      | $8317976.87   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Software & Services ETF           | SPDR S&P Software & Services ETF                        | CUSIP: 78464A599<br>LEI: 5493005QE6PTF3R7AJ47 | Long             | EC               | RF                | US        |     40248 | NS      | $7522753.68   | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** BlackRock Mid-Cap Value Series, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer