# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001752724-25-177003
**Filing Date:** 2025-7
**Character Count:** 7401
**Document Hash:** 56dc143ed5853368a4f2212194a82645
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177003.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-177003

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS
- **CENTRAL INDEX KEY:** 0000844779

**ORGANIZATION NAME:**
- **EIN:** 510318674
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05742
- **FILM NUMBER:** 251146617

**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:** 2025-05-31

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $46634724.60

**Total Liabilities:** $34806435.26

**Net Assets:** $11828289.34

**Cash Not Reported:** $1081871.82

**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 | -3.25%               | 0.76%                | 2.69%                |
| Class ID C000242844 | -3.37%               | 0.76%                | 2.70%                |
| Class ID C000242845 | -3.25%               | 0.76%                | 2.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1636.62                 | $-10703.68                                 |
| Month 2  | $-3.86                   | $-4150.05                                  |
| Month 3  | $9016.63                 | $9837.39                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MERRILL LYNCH INTERNATIONAL | TRS CFD EQUITY BASKET       | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |         1 | NC      | $34313.76     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA      | TRS CFD EQUITY BASKET       | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DE               | CORP              | US        |         1 | NC      | $33137.88     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK PLC               | TRS CFD EQUITY BASKET       | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DE               | CORP              | GB        |         1 | NC      | $29628.76     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC           | TRS CFD EQUITY BASKET       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               | CORP              | GB        |         1 | NC      | $57680.60     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Hinge Health Inc            | Hinge Health Inc            | CUSIP: 433313103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       696 | NS      | $27032.64     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MNTN Inc                    | MNTN Inc                    | CUSIP: 55318A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       758 | NS      | $19124.34     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Etoro Group Ltd             | Etoro Group Ltd             | CUSIP: 000000000<br>LEI: 213800XPRPJK2X5QRG86 | Long             | EC               | CORP              | IL        |       580 | NS      | $34336.00     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL               | United States Treasury Bill | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10709800 | PA      | $10514977.28  | 88.90%            | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SailPoint Inc               | SailPoint Inc               | CUSIP: 78781J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       463 | NS      | $8158.06      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer