# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0000940400-26-002215
**Filing Date:** 2026-1
**Character Count:** 14853
**Document Hash:** fee90d58081383a417ecdacff1cf6a57
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002215.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000940400-26-002215

**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:** 26559276

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMPASS CAPITAL FUNDS\
- **DATE OF NAME CHANGE:** 19961114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PNC FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NCP FUNDS
- **DATE OF NAME CHANGE:** 19890511

## Series and Classes Contracts Data

### BLACKROCK ENERGY OPPORTUNITIES FUND (Series ID: S000001869)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000004873 | INSTITUTIONAL | BACIX           |
| C000004875 | INVESTOR A    | BACAX           |
| C000004877 | INVESTOR C    | BACCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock Funds

- **b. Investment Company Act file number:** 811-05742

- **c. CIK number of Registrant:** 0000844779

- **d. LEI of Registrant:** 549300OZUEVJZHOBFP42

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** BlackRock Energy Opportunities Fund

- **b. EDGAR series identifier (if any):** S000001869

- **c. LEI of Series:** GU5M3WA7Y5ONXJPK4R58

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

- **a. Date of fiscal year-end:** 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:** $272220994.75

**Total Liabilities:** $1332352.96

**Net Assets:** $270888641.79

**Cash Not Reported:** $2538495.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004873 | -0.14%               | -0.63%               | 2.67%                |
| Class ID C000004875 | -0.14%               | -0.65%               | 2.61%                |
| Class ID C000004877 | -0.23%               | -0.75%               | 2.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2300770.59              | $-3118145.85                               |
| Month 2  | $2519994.80              | $-4517441.25                               |
| Month 3  | $453767.88               | $5536453.27                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Poseidon Concepts Corp               | Poseidon Concepts Corp               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     35081 | NS      | $0.25         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BlackRock Liquidity Funds T-Fund     | BlackRock Liquidity Funds T-Fund     | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |   2574221 | NS      | $2574220.65   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                     | HF Sinclair Corp                     | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     63726 | NS      | $3371742.66   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd                    | Kosmos Energy Ltd                    | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |    664916 | NS      | $744705.92    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Valero Energy Corp                   | Valero Energy Corp                   | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     54348 | NS      | $9606552.48   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                             | EQT Corp                             | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     67713 | NS      | $4121013.18   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                         | Chevron Corp                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165149 | NS      | $24958968.37  | 9.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                     | TotalEnergies SE                     | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    291551 | NS      | $19180205.58  | 7.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                  | Cheniere Energy Inc                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     41349 | NS      | $8619612.54   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                       | TechnipFMC PLC                       | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    138866 | NS      | $6285075.16   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                 | Williams Cos Inc/The                 | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    186934 | NS      | $11389888.62  | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                       | ConocoPhillips                       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     97093 | NS      | $8611178.17   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                 | Galp Energia SGPS SA                 | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    138871 | NS      | $2791764.15   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cameco Corp                          | Cameco Corp                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     47749 | NS      | $4230422.33   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd       | Canadian Natural Resources Ltd       | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    289838 | NS      | $9791586.09   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                 | Targa Resources Corp                 | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     45260 | NS      | $7934530.60   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                         | Gazprom PJSC                         | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    639500 | NS      | $82.38        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Permian Resources Corp               | Permian Resources Corp               | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    430556 | NS      | $6238756.44   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                     | Exxon Mobil Corp                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    455571 | NS      | $52809790.32  | 19.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc         | Alimentation Couche-Tard Inc         | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     47900 | NS      | $2608458.26   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Cash Funds - Institutional | BlackRock Cash Funds - Institutional | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |    800776 | NS      | $801175.90    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Subsea 7 SA                          | Subsea 7 SA                          | CUSIP: 000000000<br>LEI: 222100AIF0CBCY80AH62 | Long             | EC               | CORP              | GB        |     33700 | NS      | $650024.88    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Pembina Pipeline Corp                | Pembina Pipeline Corp                | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    129574 | NS      | $5049162.52   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                    | Kinder Morgan Inc                    | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    327891 | NS      | $8957982.12   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                            | Shell PLC                            | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    749805 | NS      | $27556027.21  | 10.17%            |  |  |  | No            |                  2 | On Loan: No      |
| Tecnicas Reunidas SA                 | Tecnicas Reunidas SA                 | CUSIP: 000000000<br>LEI: 213800JEZBUPZKWJGF49 | Long             | EC               | CORP              | ES        |     23150 | NS      | $766329.21    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ARC Resources Ltd                    | ARC Resources Ltd                    | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |    142530 | NS      | $2541663.46   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                    | Suncor Energy Inc                    | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    192770 | NS      | $8632542.56   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                       | TC Energy Corp                       | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    189556 | NS      | $10367286.90  | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaztransport Et Technigaz SA         | Gaztransport Et Technigaz SA         | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |     19575 | NS      | $3913087.03   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| California Resources Corp            | California Resources Corp            | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     29066 | NS      | $1388773.48   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                            | Repsol SA                            | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |    192000 | NS      | $3557637.33   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| EOG Resources Inc                    | EOG Resources Inc                    | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     76340 | NS      | $8233269.00   | 3.04%             |  |  |  | No            |                  1 | 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