# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001752724-23-009963
**Filing Date:** 2023-1
**Character Count:** 25646
**Document Hash:** a3f92602e1dd71a57000a66fe2302f6b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009963.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-009963

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS
- **CENTRAL INDEX KEY:** 0000844779
- **IRS NUMBER:** 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:** 23548935

**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 SMID-Cap Growth Equity Fund (Series ID: S000072352)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000228503 | Class K       |  |
| C000228504 | Investor A    |  |
| C000228505 | 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 SMID-Cap Growth Equity Fund

- **b. EDGAR series identifier (if any):** S000072352

- **c. LEI of Series:** 5493009D7F3YTZW02T35

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $9134766.17

**Total Liabilities:** $652877.91

**Net Assets:** $8481888.26

**Cash Not Reported:** $1068.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228505 | -10.51%              | 3.75%                | 7.23%                |
| Class ID C000228503 | -10.50%              | 3.75%                | 7.22%                |
| Class ID C000228504 | -10.46%              | 3.66%                | 7.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-251655.04              | $-645672.44                                |
| Month 2  | $-95163.02               | $382948.76                                 |
| Month 3  | $-119944.60              | $689298.94                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pool Corp                        | Pool Corp                                    | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |       439 | NS      | $144610.99    | 1.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Monolithic Power Systems Inc     | Monolithic Power Systems Inc                 | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       413 | NS      | $157749.48    | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Ambarella Inc                    | Ambarella Inc                                | CUSIP: 000000000<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | US        |      1834 | NS      | $136082.80    | 1.60%             |  |  |  | No            | 1                  | On Loan: —       |
| Jack Henry & Associates Inc      | Jack Henry & Associates Inc                  | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |       121 | NS      | $22911.35     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Five9 Inc                        | Five9 Inc                                    | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |      3243 | NS      | $207908.73    | 2.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Entegris Inc                     | Entegris Inc                                 | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |      2846 | NS      | $219967.34    | 2.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Duolingo Inc                     | Duolingo Inc                                 | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1388 | NS      | $96701.96     | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Fox Factory Holding Corp         | Fox Factory Holding Corp                     | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |      1829 | NS      | $194056.90    | 2.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Gitlab Inc                       | Gitlab Inc                                   | CUSIP: 37637K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2533 | NS      | $100180.15    | 1.18%             |  |  |  | No            | 1                  | On Loan: —       |
| Booz Allen Hamilton Holding Co   | Booz Allen Hamilton Holding Corp             | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      1933 | NS      | $205671.20    | 2.42%             |  |  |  | No            | 1                  | On Loan: No      |
| EQT Corp                         | EQT Corp                                     | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      2910 | NS      | $123413.10    | 1.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Olink Holding AB                 | Olink Holding AB                             | CUSIP: 680710100<br>LEI: 8945004Z7ZHV3LML4J27 | Long             | EC               | CORP              | SE        |      1288 | NS      | $30693.04     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Figs Inc                         | Figs Inc                                     | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7795 | NS      | $61034.85     | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Match Group Inc                  | Match Group Inc                              | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      3360 | NS      | $169881.60    | 2.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Bill.com Holdings Inc            | Bill.com Holdings Inc                        | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      1102 | NS      | $132702.84    | 1.56%             |  |  |  | No            | 1                  | On Loan: —       |
| HEICO Corp                       | HEICO Corp                                   | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      1070 | NS      | $173671.70    | 2.05%             |  |  |  | No            | 1                  | On Loan: —       |
| West Pharmaceutical Services I   | West Pharmaceutical Services Inc             | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |       482 | NS      | $113106.12    | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Halozyme Therapeutics Inc        | Halozyme Therapeutics Inc                    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      3112 | NS      | $178193.12    | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Phreesia Inc                     | Phreesia Inc                                 | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |      1220 | NS      | $33940.40     | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Confluent Inc                    | Confluent Inc                                | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |      6013 | NS      | $138479.39    | 1.63%             |  |  |  | No            | 1                  | On Loan: —       |
| Bright Horizons Family Solutio   | Bright Horizons Family Solutions Inc         | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       124 | NS      | $9200.80      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Inmode Ltd                       | Inmode Ltd                                   | CUSIP: 000000000<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |      1530 | NS      | $58736.70     | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Morningstar Inc                  | Morningstar Inc                              | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |       759 | NS      | $186053.67    | 2.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Freshpet Inc                     | Freshpet Inc                                 | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |       377 | NS      | $25266.54     | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Liberty Media Corp-Liberty For   | Liberty Media Corp-Liberty Formula One       | CUSIP: 531229854<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2686 | NS      | $163684.84    | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| WillScot Mobile Mini Holdings    | WillScot Mobile Mini Holdings Corp           | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |      4460 | NS      | $215016.60    | 2.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Etsy Inc                         | Etsy Inc                                     | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      1070 | NS      | $141336.30    | 1.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Casella Waste Systems Inc        | Casella Waste Systems Inc                    | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |      2498 | NS      | $215052.82    | 2.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Carlyle Group Inc/The            | Carlyle Group Inc/The                        | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |       663 | NS      | $20665.71     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Churchill Downs Inc              | Churchill Downs Inc                          | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |       639 | NS      | $141832.44    | 1.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Insulet Corp                     | Insulet Corp                                 | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |       236 | NS      | $70651.32     | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Liquidity Funds T-Fund | BlackRock Liquidity Funds T-Fund             | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |    244285 | NS      | $244284.98    | 2.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Axon Enterprise Inc              | Axon Enterprise Inc                          | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2104 | NS      | $387199.12    | 4.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Repligen Corp                    | Repligen Corp                                | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |       946 | NS      | $169182.64    | 1.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Domino's Pizza Inc               | Domino's Pizza Inc                           | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       321 | NS      | $124782.33    | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Bio-Techne Corp                  | Bio-Techne Corp                              | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      2408 | NS      | $204655.92    | 2.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Chart Industries Inc             | Chart Industries Inc                         | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      1111 | NS      | $158861.89    | 1.87%             |  |  |  | No            | 1                  | On Loan: —       |
| Burlington Stores Inc            | Burlington Stores Inc                        | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |       426 | NS      | $83359.68     | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Saia Inc                         | Saia Inc                                     | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |       808 | NS      | $196820.72    | 2.32%             |  |  |  | No            | 1                  | On Loan: No      |
| HubSpot Inc                      | HubSpot Inc                                  | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       391 | NS      | $118484.73    | 1.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Fiverr International Ltd         | Fiverr International Ltd                     | CUSIP: 000000000<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | IL        |      1594 | NS      | $56060.98     | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| European Wax Center Inc          | European Wax Center Inc                      | CUSIP: 29882P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2415 | NS      | $35017.50     | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Doximity Inc                     | Doximity Inc                                 | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4727 | NS      | $160670.73    | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Mister Car Wash Inc              | Mister Car Wash Inc                          | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9306 | NS      | $95293.44     | 1.12%             |  |  |  | No            | 1                  | On Loan: —       |
| SiteOne Landscape Supply Inc     | SiteOne Landscape Supply Inc                 | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |       299 | NS      | $37533.47     | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Charles River Laboratories Int   | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |       869 | NS      | $198627.33    | 2.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Comfort Systems USA Inc          | Comfort Systems USA Inc                      | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       821 | NS      | $104069.96    | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Tradeweb Markets Inc             | Tradeweb Markets Inc                         | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2910 | NS      | $178848.60    | 2.11%             |  |  |  | No            | 1                  | On Loan: No      |
| AZEK Co Inc/The                  | AZEK Co Inc/The                              | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |      3263 | NS      | $63106.42     | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Azenta Inc                       | Azenta Inc                                   | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |      2379 | NS      | $143239.59    | 1.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Graco Inc                        | Graco Inc                                    | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |      2512 | NS      | $175764.64    | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Lattice Semiconductor Corp       | Lattice Semiconductor Corp                   | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |      2803 | NS      | $204142.49    | 2.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Penn Entertainment Inc           | Penn Entertainment Inc                       | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1550 | NS      | $54544.50     | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Vail Resorts Inc                 | Vail Resorts Inc                             | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |       736 | NS      | $189549.44    | 2.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution AB                     | Evolution AB                                 | CUSIP: 000000000<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |      1685 | NS      | $173561.66    | 2.05%             |  |  |  | No            | 2                  | On Loan: No      |
| DigitalOcean Holdings Inc        | DigitalOcean Holdings Inc                    | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |      2011 | NS      | $59988.13     | 0.71%             |  |  |  | No            | 1                  | On Loan: —       |
| Globant SA                       | Globant SA                                   | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | UY        |       936 | NS      | $175387.68    | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Cable One Inc                    | Cable One Inc                                | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |        69 | NS      | $49976.01     | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| TPG Inc                          | TPG Inc                                      | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |      3418 | NS      | $113819.40    | 1.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Certara Inc                      | Certara Inc                                  | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2046 | NS      | $34741.08     | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| GFL Environmental Inc            | GFL Environmental Inc                        | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |      1833 | NS      | $53102.01     | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Diamondback Energy Inc           | Diamondback Energy Inc                       | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       598 | NS      | $88515.96     | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Planet Fitness Inc               | Planet Fitness Inc                           | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      2711 | NS      | $212433.96    | 2.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Rexford Industrial Realty Inc    | Rexford Industrial Realty Inc                | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |       543 | NS      | $30022.47     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Paylocity Holding Corp           | Paylocity Holding Corp                       | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      1014 | NS      | $220879.62    | 2.60%             |  |  |  | No            | 1                  | On Loan: No      |
| MONEY MARKET SERIES LLC          | MONEY MARKET SERIES LLC                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    642603 | NS      | $642346.40    | 7.57%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** BlackRock Funds

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer