# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0000940400-26-011834
**Filing Date:** 2026-3
**Character Count:** 19058
**Document Hash:** daa1dea9fb1c235473b19402449ed352
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011834.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0000940400-26-011834

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20260131

**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:** 26806480

**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 Real Estate Securities Fund (Series ID: S000038448)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000118599 | Investor A Shares    |  |
| C000118600 | Investor C Shares    |  |
| C000118601 | Institutional Shares |  |

## 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 Real Estate Securities Fund

- **b. EDGAR series identifier (if any):** S000038448

- **c. LEI of Series:** 549300619RPPBQL8JR35

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2026-01-30

**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:** $356205275.40

**Total Liabilities:** $659321.43

**Net Assets:** $355545953.97

**Cash Not Reported:** $171405.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000118599 | 3.03%                | -2.37%               | 2.76%                |
| Class ID C000118600 | 2.93%                | -2.38%               | 2.66%                |
| Class ID C000118601 | 3.03%                | -2.31%               | 2.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-460885.32              | $10660082.13                               |
| Month 2  | $-1219088.38             | $-9379310.24                               |
| Month 3  | $3701589.76              | $5954722.08                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MORGAN STANLEY & CO. LLC             | USD/CAD FORWARD                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $118.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity LifeStyle Properties In       | Equity LifeStyle Properties Inc       | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    131149 | NS      | $8284682.33   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie       | Alexandria Real Estate Equities Inc   | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |    142166 | NS      | $7767950.24   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr       | Essential Properties Realty Trust Inc | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     65953 | NS      | $2002333.08   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                          | Equinix Inc                           | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     30820 | NS      | $25301062.60  | 7.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                   | Outfront Media Inc                    | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |    223089 | NS      | $5425524.48   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                | American Homes 4 Rent                 | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    221029 | NS      | $6922628.28   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc               | Cousins Properties Inc                | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    120429 | NS      | $3039627.96   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc         | American Healthcare REIT Inc          | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |    220406 | NS      | $10339245.46  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds T-Fund     | BlackRock Liquidity Funds T-Fund      | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |   4747263 | NS      | $4747263.16   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp           | InvenTrust Properties Corp            | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |    153079 | NS      | $4498991.81   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC             | USD/CAD FORWARD                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-25465.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts Inc            | Host Hotels & Resorts Inc             | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    446530 | NS      | $8274200.90   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc             | Broadstone Net Lease Inc              | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    526263 | NS      | $9741128.13   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                        | Welltower Inc                         | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    187125 | NS      | $35246865.00  | 9.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                    | Agree Realty Corp                     | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126816 | NS      | $9159919.68   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                           | Ventas Inc                            | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      6226 | NS      | $483573.42    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc              | Extra Space Storage Inc               | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65872 | NS      | $9088359.84   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                   | Equity Residential                    | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    274573 | NS      | $17111389.36  | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                     | Crown Castle Inc                      | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    133099 | NS      | $11554324.19  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc                  | Core Scientific Inc                   | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |     19670 | NS      | $353863.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Federal Realty Investment Trus       | Federal Realty Investment Trust       | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     45210 | NS      | $4573443.60   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Mining Inc                    | Cipher Mining Inc                     | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |     17422 | NS      | $278055.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc             | Simon Property Group Inc              | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     96087 | NS      | $18382403.97  | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Primaris Real Estate Investmen       | Primaris Real Estate Investment Trust | CUSIP: 74167K109<br>LEI: 549300WUM45OXSEVOT03 | Long             | EC               | CORP              | CA        |    132986 | NS      | $1616361.25   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                   | CareTrust REIT Inc                    | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    197816 | NS      | $7386449.44   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                              | BXP Inc                               | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     81184 | NS      | $5250169.28   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                       | Cleanspark Inc                        | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |     23183 | NS      | $274486.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                   | Realty Income Corp                    | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     90584 | NS      | $5540117.44   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc        | Hudson Pacific Properties Inc         | CUSIP: 444097406<br>LEI: 529900EURZA5HRSXQ389 | Long             | EC               | CORP              | US        |    120992 | NS      | $1042951.04   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc             | EastGroup Properties Inc              | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     42145 | NS      | $7655217.80   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Cash Funds - Institutional | BlackRock Cash Funds - Institutional  | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |     65967 | NS      | $66000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                         | Terawulf Inc                          | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |     26005 | NS      | $347686.85    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                 | Regency Centers Corp                  | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |    108854 | NS      | $7932190.98   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc             | Digital Realty Trust Inc              | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     31870 | NS      | $5288826.50   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                  | American Tower Corp                   | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     81111 | NS      | $14541580.08  | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                         | Prologis Inc                          | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    267067 | NS      | $34868267.52  | 9.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                       | Public Storage                        | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     46649 | NS      | $12883987.31  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                    | Iron Mountain Inc                     | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |    113565 | NS      | $10462743.45  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                      | Weyerhaeuser Co                       | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    253461 | NS      | $6534224.58   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp              | SBA Communications Corp               | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     44878 | NS      | $8262488.58   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties              | COPT Defense Properties               | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    124974 | NS      | $3850448.94   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                           | Hut 8 Corp                            | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |      6351 | NS      | $354576.33    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                              | UDR Inc                               | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |    287126 | NS      | $10666730.90  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                         | WP Carey Inc                          | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     82270 | NS      | $5738332.50   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                  | VICI Properties Inc                   | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     87206 | NS      | $2448744.48   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer