Consolidated Schedule of Investments (unaudited) September 30, 2020 | BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
| |||||||
Automobiles — 1.2% |
| |||||||
Tesla, Inc.(a)(b) | 29,130 | $ | 12,497,061 | |||||
|
| |||||||
Banks — 1.1% | ||||||||
Klarna Holdings AB, (Acquired 08/07/19, Cost: $7,971,978)(c)(d) | 26,430 | 11,167,128 | ||||||
|
| |||||||
Diversified Consumer Services(a)(b) — 1.6% | ||||||||
Chegg, Inc. | 120,357 | 8,598,304 | ||||||
TAL Education Group, ADR | 109,038 | 8,291,250 | ||||||
|
| |||||||
16,889,554 | ||||||||
Diversified Financial Services — 0.4% | ||||||||
TransferWise, (Acquired 06/03/19, Cost: $2,471,478)(c)(d) | 27,945 | 3,499,552 | ||||||
|
| |||||||
Diversified Telecommunication Services — 0.9% | ||||||||
Bandwidth, Inc., Class A(a)(b) | 50,261 | 8,774,063 | ||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 0.7% | ||||||||
Samsung SDI Co. Ltd. | 18,473 | 6,824,265 | ||||||
|
| |||||||
Entertainment(a) — 3.6% | ||||||||
Activision Blizzard, Inc. | 108,779 | 8,805,660 | ||||||
NetEase, Inc., ADR | 15,079 | 6,855,969 | ||||||
Netflix, Inc.(b) | 13,669 | 6,834,910 | ||||||
Roku, Inc.(b) | 48,457 | 9,148,682 | ||||||
Tencent Music Entertainment Group, ADR(b) | 387,074 | 5,717,083 | ||||||
|
| |||||||
37,362,304 | ||||||||
Health Care Technology(b) — 1.6% | ||||||||
Ping An Healthcare and Technology Co. Ltd.(e) | 488,078 | 6,297,598 | ||||||
Teladoc Health, Inc.(a) | 48,402 | 10,611,655 | ||||||
|
| |||||||
16,909,253 | ||||||||
Interactive Media & Services — 10.1% | ||||||||
Alphabet, Inc., Class A(a)(b) | 15,503 | 22,721,197 | ||||||
Facebook, Inc., Class A(a)(b) | 46,152 | 12,087,209 | ||||||
Kakao Corp. | 47,217 | 14,682,294 | ||||||
Snap, Inc., Class A(a)(b) | 317,203 | 8,282,170 | ||||||
Tencent Holdings Ltd. | 385,400 | 26,031,215 | ||||||
Yandex NV, Class A(a)(b) | 160,240 | 10,455,660 | ||||||
ZoomInfo Technologies, Inc., Class A(a)(b) | 241,571 | 10,385,137 | ||||||
|
| |||||||
104,644,882 | ||||||||
Internet & Direct Marketing Retail — 10.9% | ||||||||
Alibaba Group Holding Ltd., ADR(a)(b) | 114,300 | 33,601,914 | ||||||
Amazon.com, Inc.(a)(b) | 11,136 | 35,064,257 | ||||||
Delivery Hero SE(b)(e) | 98,747 | 11,330,157 | ||||||
Ensogo Ltd.(b)(c) | 173,282 | 1 | ||||||
Jasper Infotech Private Ltd., (Acquired 08/08/15, Cost: $1,998,435)(c)(d) | 1,054 | 253,888 | ||||||
Meituan Dianping, Class B(b) | 576,096 | 18,147,763 | ||||||
MercadoLibre, Inc.(a)(b) | 13,361 | 14,463,015 | ||||||
|
| |||||||
112,860,995 | ||||||||
IT Services — 19.0% | ||||||||
Adyen NV(b)(e) | 5,298 | 9,772,071 | ||||||
GMO Payment Gateway, Inc. | 74,300 | 7,959,208 | ||||||
Mastercard, Inc., Class A(a) | 74,075 | 25,049,943 | ||||||
MongoDB, Inc.(a)(b) | 29,473 | 6,823,294 | ||||||
Okta, Inc.(a)(b) | 65,832 | 14,078,173 | ||||||
Pagseguro Digital Ltd., Class A(a)(b) | 145,648 | 5,492,386 | ||||||
PayPal Holdings, Inc.(a)(b) | 106,075 | 20,899,957 |
Security | Shares | Value | ||||||
IT Services (continued) | ||||||||
Shopify, Inc., Class A(a)(b) | 19,006 | $ | 19,442,568 | |||||
Snowflake, Inc., Class A(a)(b) | 8,644 | 2,169,644 | ||||||
Square, Inc., Class A(a)(b) | 144,512 | 23,490,425 | ||||||
StoneCo Ltd., Class A(a)(b) | 167,534 | 8,860,873 | ||||||
TRAX Ltd., (Acquired 09/12/19, Cost: $4,000,012)(c)(d) | 106,667 | 5,990,419 | ||||||
Trumid Holdings LLC, Class J-A(c) | 5,038 | 1,999,784 | ||||||
Trumid Holdings LLC, Class J-B(c) | 5,038 | 1,999,784 | ||||||
Twilio, Inc., Class A(a)(b) | 89,272 | 22,058,218 | ||||||
Visa, Inc., Class A(a) | 102,176 | 20,432,135 | ||||||
|
| |||||||
196,518,882 | ||||||||
Semiconductors & Semiconductor Equipment — 12.7% | ||||||||
Advanced Micro Devices, Inc.(a)(b) | 236,104 | 19,358,167 | ||||||
ASML Holding NV | 35,871 | 13,249,774 | ||||||
Cree, Inc.(a)(b) | 120,271 | 7,666,074 | ||||||
Inphi Corp.(a)(b) | 89,383 | 10,033,242 | ||||||
Lam Research Corp.(a) | 36,164 | 11,997,407 | ||||||
Marvell Technology Group Ltd.(a) | 343,206 | 13,625,278 | ||||||
Monolithic Power Systems, Inc.(a) | 33,117 | 9,259,844 | ||||||
Renesas Electronics Corp.(b) | 1,084,400 | 7,959,106 | ||||||
Skyworks Solutions, Inc.(a) | 47,575 | 6,922,163 | ||||||
SOITEC(b) | 74,283 | 10,696,425 | ||||||
STMicroelectronics NV | 293,649 | 9,006,213 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR(a) | 136,608 | 11,074,811 | ||||||
|
| |||||||
130,848,504 | ||||||||
Software — 24.4% | ||||||||
Adobe, Inc.(a)(b) | 42,101 | 20,647,594 | ||||||
Altium Ltd. | 259,235 | 6,740,442 | ||||||
Atlassian Corp. PLC, Class A(a)(b) | 49,062 | 8,918,981 | ||||||
Autodesk, Inc.(a)(b) | 40,617 | 9,382,933 | ||||||
Avalara, Inc.(a)(b) | 81,798 | 10,416,157 | ||||||
Cadence Design Systems, Inc.(a)(b) | 77,759 | 8,291,442 | ||||||
Coupa Software, Inc.(a)(b) | 45,108 | 12,370,418 | ||||||
Crowdstrike Holdings, Inc., Class A(a)(b) | 56,369 | 7,740,591 | ||||||
Databricks, Inc., (Acquired 07/24/20, Cost: $960,476)(c)(d) | 19,999 | 959,952 | ||||||
Elastic NV(a)(b) | 56,525 | 6,098,482 | ||||||
Fair Isaac Corp.(a)(b) | 12,734 | 5,416,789 | ||||||
Intuit, Inc.(a) | 22,130 | 7,219,027 | ||||||
Kingdee International Software Group Co. Ltd.(b) | 4,123,000 | 10,754,034 | ||||||
Microsoft Corp.(a) | 199,157 | 41,888,692 | ||||||
Online Ventures Pty Ltd., (Acquired 01/21/20, Cost: $6,160,136)(c)(d) | 53,642 | 5,877,655 | ||||||
Paycom Software, Inc.(a)(b) | 20,090 | 6,254,017 | ||||||
RingCentral, Inc., Class A(a)(b) | 41,312 | 11,344,688 | ||||||
salesforce.com, Inc.(a)(b) | 43,202 | 10,857,527 | ||||||
ServiceNow, Inc.(a)(b) | 28,435 | 13,790,975 | ||||||
TeamViewer AG(b)(e) | 169,717 | 8,370,414 | ||||||
Think & Learn Private Ltd., (Acquired 09/30/20, Cost: $1,524,948)(c)(d) | 997 | 1,515,194 | ||||||
Unity Software, Inc.(b) | 82,957 | 7,240,487 | ||||||
Xero Ltd.(b) | 112,503 | 8,206,537 | ||||||
Zoom Video Communications, Inc., Class A(a)(b) | 20,211 | 9,501,393 | ||||||
Zscaler, Inc.(a)(b) | 91,823 | 12,918,578 | ||||||
|
| |||||||
252,722,999 |
CONSOLIDATED SCHEDULE OF INVESTMENTS | 1 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Technology Hardware, Storage & Peripherals — 4.3% |
| |||||||
Apple, Inc.(a) | 387,449 | $ | 44,870,469 | |||||
|
| |||||||
Total Common Stocks — 92.5% |
| 956,389,911 | ||||||
|
| |||||||
Preferred Securities | ||||||||
Preferred Stocks — 8.3%(c)(d) | ||||||||
Diversified Financial Services — 0.3% | ||||||||
TransferWise | ||||||||
Series A, (Acquired 06/03/19, Cost: $1,004,242) | 11,355 | 1,421,987 | ||||||
Series B, (Acquired 06/03/19, Cost: $288,407) | 3,261 | 408,375 | ||||||
Series C, (Acquired 06/03/19, Cost: $161,315) | 1,824 | 228,419 | ||||||
Series D, (Acquired 06/03/19, Cost: $44,579) | 504 | 63,116 | ||||||
Series E, (Acquired 06/03/19, Cost: $4,688) | 53 | 6,637 | ||||||
TransferWise (Seed Preferred), (Acquired 06/03/19, Cost: $849,295) | 9,603 | 1,202,584 | ||||||
|
| |||||||
3,331,118 | ||||||||
Electronic Equipment, Instruments & Components — 0.5% | ||||||||
Credo Technology Group Holding Ltd., Series D, (Acquired 03/20/20, Cost: $5,000,001) | 1,001,382 | 4,996,896 | ||||||
|
| |||||||
Food Products — 0.3% | ||||||||
Farmer’s Business Network, Inc, Series F, (Acquired 07/31/20, Cost: $2,999,886) | 90,750 | 3,000,195 | ||||||
|
| |||||||
Internet & Direct Marketing Retail — 0.5% | ||||||||
Postmates, Inc., Series F, (Acquired 01/08/19, Cost: $3,130,002) | 392,275 | 4,985,815 | ||||||
|
| |||||||
Road & Rail — 1.7% | ||||||||
Ant Financial, Series C, (Acquired 05/18/18, Cost: $6,492,863) | 1,157,373 | 9,525,180 | ||||||
FlixMobility GmbH, Series F, (Acquired 07/26/19, Cost: $5,482,937) | 275 | 2,826,227 | ||||||
Xiaoju Kuaizhi, Inc., Series A-17, (Acquired 07/28/15, Cost: $3,016,964) | 110,003 | 5,387,947 | ||||||
|
| |||||||
17,739,354 | ||||||||
Semiconductors & Semiconductor Equipment — 2.2% | ||||||||
Innovium, Inc., Series E, (Acquired 08/21/19, Cost: $3,000,003) | 353,478 | 3,029,307 | ||||||
Innovium, Inc., Series F, (Acquired 06/10/20, Cost: $2,999,996) | 296,062 | 2,913,250 | ||||||
Nuvia Inc, Series B, (Acquired 09/17/20, Cost: $2,999,998) | 935,352 | 3,000,001 | ||||||
Psiquantum Corp., Series C, (Acquired 09/09/19, Cost: $3,200,234) | 690,003 | 3,187,814 | ||||||
SambaNova Systems, Inc., Series C, (Acquired 02/20/20, Cost: $9,972,126) | 187,300 | 10,398,896 | ||||||
|
| |||||||
22,529,268 | ||||||||
Software — 2.8% | ||||||||
Avidxchange, Inc., (Acquired 07/29/20, Cost: $2,022,088) | 41,257 | 2,022,005 | ||||||
C3 AI, Inc., Series H, (Acquired 08/14/19, Cost: $7,129,478) | 1,415,000 | 7,513,650 | ||||||
Databricks, Inc., Series F, (Acquired 10/22/19, Cost: $3,999,999) | 93,135 | 4,470,480 |
Security | Shares | Value | ||||||
Software (continued) |
| |||||||
GitLab, Inc., Series E, (Acquired 09/10/19, Cost: $2,915,501) | 156,500 | $ | 3,341,275 | |||||
Think & Learn Private Ltd., Series F, (Acquired 09/30/20, Cost: $3,052,975) | 1,054 | 3,043,458 | ||||||
Unqork, Inc, Series C, (Acquired 09/18/20, Cost: $1,303,260) | 1,190 | 1,303,260 | ||||||
Unqork, Inc., Series B, (Acquired 09/19/19, Cost: $3,198,416) | 7,027 | 7,695,830 | ||||||
|
| |||||||
29,389,958 | ||||||||
|
| |||||||
Total Preferred Stocks — 8.3% | 85,972,604 | |||||||
|
| |||||||
Total Preferred Securities — 8.3% | 85,972,604 | |||||||
|
| |||||||
Warrants |
| |||||||
IT Services — 0.0% |
| |||||||
TRAX Ltd., (Acquired 09/12/19, Cost: $0)(c)(d) | 17,065 | 180,718 | ||||||
|
| |||||||
Total Warrants — 0.0% | 180,718 | |||||||
|
| |||||||
Total Long-Term Investments — 100.8% | 1,042,543,233 | |||||||
|
| |||||||
Short-Term Securities | ||||||||
Money Market Funds — 0.2% | ||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.02%(f)(g) | 2,316,076 | 2,316,076 | ||||||
|
| |||||||
Total Short-Term Securities — 0.2% |
| 2,316,076 | ||||||
|
| |||||||
Total Investments Before Options Written — 101.0% |
| 1,044,859,309 | ||||||
|
| |||||||
Options Written — (1.4)% |
| (13,850,487 | ) | |||||
|
| |||||||
Total Investments, Net of Options Written — 99.6% |
| 1,031,008,822 | ||||||
Other Assets Less Liabilities — 0.4% |
| 3,646,619 | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 1,034,655,441 | ||||||
|
|
(a) | All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written. |
(b) | Non-income producing security. |
(c) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) | Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $115,417,110, representing 11.16% of its net assets as of period end, and an original cost of $99,356,716. |
(e) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(f) | Affiliate of the Trust. |
(g) | Annualized 7-day yield as of period end. |
2 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Science and Technology Trust (BST) |
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 12/31/19 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 09/30/20 | Shares Held at 09/30/20 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class | $ | 8,881,516 | $ | — | $ | (6,565,440 | )(a) | $ | — | $ | — | $ | 2,316,076 | 2,316,076 | $ | 25,712 | $ | — | ||||||||||||||||||
SL Liquidity Series, LLC, Money Market Series | — | 495 | (a) | — | (495 | ) | — | — | — | 24,063 | (b) | — | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (495 | ) | $ | — | $ | 2,316,076 | $ | 49,775 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) | Represents net amount purchased (sold). |
(b) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.
Derivative Financial Instruments Outstanding as of Period End
Exchange-Traded Options Written
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||
Call | ||||||||||||||||||||||||
Alibaba Group Holding Ltd., ADR | 26 | 10/02/20 | USD | 275.00 | USD | 764 | $ | (49,920 | ) | |||||||||||||||
Amazon.com, Inc. | 14 | 10/02/20 | USD | 3,250.00 | USD | 4,408 | (8,365 | ) | ||||||||||||||||
Atlassian Corp. PLC, Class A | 6 | 10/02/20 | USD | 175.00 | USD | 109 | (4,380 | ) | ||||||||||||||||
Autodesk, Inc. | 68 | 10/02/20 | USD | 260.00 | USD | 1,571 | (340 | ) | ||||||||||||||||
Marvell Technology Group Ltd. | 207 | 10/02/20 | USD | 38.50 | USD | 822 | (28,876 | ) | ||||||||||||||||
RingCentral, Inc., Class A | 17 | 10/02/20 | USD | 300.00 | USD | 467 | (765 | ) | ||||||||||||||||
ServiceNow, Inc. | 40 | 10/02/20 | USD | 460.00 | USD | 1,940 | (103,400 | ) | ||||||||||||||||
Snap, Inc., Class A | 136 | 10/02/20 | USD | 25.00 | USD | 355 | (15,844 | ) | ||||||||||||||||
Square, Inc., Class A | 90 | 10/02/20 | USD | 172.50 | USD | 1,463 | (4,635 | ) | ||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 212 | 10/02/20 | USD | 78.50 | USD | 1,719 | (60,950 | ) | ||||||||||||||||
Teladoc Health, Inc. | 78 | 10/02/20 | USD | 230.00 | USD | 1,710 | (6,435 | ) | ||||||||||||||||
Tesla, Inc. | 55 | 10/02/20 | USD | 360.00 | USD | 2,360 | (380,600 | ) | ||||||||||||||||
Twilio, Inc., Class A | 68 | 10/02/20 | USD | 255.00 | USD | 1,680 | (18,190 | ) | ||||||||||||||||
Visa, Inc., Class A | 40 | 10/02/20 | USD | 202.50 | USD | 800 | (2,600 | ) | ||||||||||||||||
Yandex NV, Class A | 35 | 10/02/20 | USD | 67.00 | USD | 228 | (1,050 | ) | ||||||||||||||||
Adobe, Inc. | 35 | 10/09/20 | USD | 495.00 | USD | 1,716 | (30,625 | ) | ||||||||||||||||
Advanced Micro Devices, Inc. | 30 | 10/09/20 | USD | 105.00 | USD | 246 | (420 | ) | ||||||||||||||||
Alphabet, Inc., Class A | 15 | 10/09/20 | USD | 1,635.00 | USD | 2,198 | (1,575 | ) | ||||||||||||||||
Amazon.com, Inc. | 14 | 10/09/20 | USD | 3,450.00 | USD | 4,408 | (7,875 | ) | ||||||||||||||||
Apple, Inc. | 232 | 10/09/20 | USD | 132.50 | USD | 2,687 | (1,624 | ) | ||||||||||||||||
Atlassian Corp. PLC, Class A | 159 | 10/09/20 | USD | 180.00 | USD | 2,890 | (89,835 | ) | ||||||||||||||||
Cree, Inc. | 95 | 10/09/20 | USD | 67.00 | USD | 606 | (6,175 | ) | ||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 83 | 10/09/20 | USD | 131.00 | USD | 1,140 | (73,040 | ) | ||||||||||||||||
Intuit, Inc. | 32 | 10/09/20 | USD | 347.50 | USD | 1,044 | (1,760 | ) | ||||||||||||||||
Lam Research Corp. | 27 | 10/09/20 | USD | 327.50 | USD | 896 | (30,780 | ) | ||||||||||||||||
Marvell Technology Group Ltd. | 376 | 10/09/20 | USD | 39.50 | USD | 1,493 | (41,924 | ) | ||||||||||||||||
Mastercard, Inc., Class A | 39 | 10/09/20 | USD | 370.00 | USD | 1,319 | (2,925 | ) | ||||||||||||||||
Microsoft Corp. | 69 | 10/09/20 | USD | 232.50 | USD | 1,451 | (518 | ) | ||||||||||||||||
Microsoft Corp. | 76 | 10/09/20 | USD | 212.50 | USD | 1,599 | (20,254 | ) | ||||||||||||||||
MongoDB, Inc. | 49 | 10/09/20 | USD | 252.50 | USD | 1,134 | (7,473 | ) | ||||||||||||||||
Netflix, Inc. | 17 | 10/09/20 | USD | 550.00 | USD | 850 | (2,720 | ) | ||||||||||||||||
Okta, Inc. | 17 | 10/09/20 | USD | 227.50 | USD | 364 | (2,661 | ) | ||||||||||||||||
PayPal Holdings, Inc. | 148 | 10/09/20 | USD | 205.00 | USD | 2,916 | (25,974 | ) | ||||||||||||||||
Shopify, Inc., Class A | 12 | 10/09/20 | USD | 1,090.00 | USD | 1,228 | (12,840 | ) | ||||||||||||||||
Snap, Inc., Class A | 265 | 10/09/20 | USD | 24.50 | USD | 692 | (49,157 | ) | ||||||||||||||||
Snap, Inc., Class A | 121 | 10/09/20 | USD | 25.00 | USD | 316 | (17,484 | ) | ||||||||||||||||
Square, Inc., Class A | 200 | 10/09/20 | USD | 165.00 | USD | 3,251 | (93,500 | ) |
CONSOLIDATED SCHEDULE OF INVESTMENTS | 3 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Science and Technology Trust (BST) |
Exchange-Traded Options Written (continued)
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||
Call (continued) | ||||||||||||||||||||||||
StoneCo Ltd., Class A | 169 | 10/09/20 | USD | 57.00 | USD | 894 | $ | (4,648 | ) | |||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 74 | 10/09/20 | USD | 85.00 | USD | 600 | (3,515 | ) | ||||||||||||||||
Teladoc Health, Inc. | 98 | 10/09/20 | USD | 210.00 | USD | 2,149 | (134,260 | ) | ||||||||||||||||
Tesla, Inc. | 13 | 10/09/20 | USD | 475.00 | USD | 558 | (9,458 | ) | ||||||||||||||||
Twilio, Inc., Class A | 45 | 10/09/20 | USD | 265.00 | USD | 1,112 | (15,300 | ) | ||||||||||||||||
Zscaler, Inc. | 76 | 10/09/20 | USD | 160.00 | USD | 1,069 | (2,812 | ) | ||||||||||||||||
Activision Blizzard, Inc. | 78 | 10/16/20 | USD | 82.50 | USD | 631 | (12,441 | ) | ||||||||||||||||
Adobe, Inc. | 30 | 10/16/20 | USD | 530.00 | USD | 1,471 | (8,205 | ) | ||||||||||||||||
Advanced Micro Devices, Inc. | 158 | 10/16/20 | USD | 87.50 | USD | 1,295 | (24,727 | ) | ||||||||||||||||
Alibaba Group Holding Ltd., ADR | 58 | 10/16/20 | USD | 285.00 | USD | 1,705 | (83,810 | ) | ||||||||||||||||
Amazon.com, Inc. | 12 | 10/16/20 | USD | 3,400.00 | USD | 3,778 | (29,970 | ) | ||||||||||||||||
Apple, Inc. | 232 | 10/16/20 | USD | 120.00 | USD | 2,687 | (50,924 | ) | ||||||||||||||||
Atlassian Corp. PLC, Class A | 4 | 10/16/20 | USD | 180.00 | USD | 73 | (2,960 | ) | ||||||||||||||||
Avalara, Inc. | 135 | 10/16/20 | USD | 130.00 | USD | 1,719 | (58,050 | ) | ||||||||||||||||
Bandwidth, Inc., Class A | 90 | 10/16/20 | USD | 150.00 | USD | 1,571 | (233,100 | ) | ||||||||||||||||
Cadence Design Systems, Inc. | 131 | 10/16/20 | USD | 109.67 | USD | 1,397 | (26,467 | ) | ||||||||||||||||
Chegg, Inc. | 209 | 10/16/20 | USD | 85.00 | USD | 1,493 | (3,135 | ) | ||||||||||||||||
Cree, Inc. | 226 | 10/16/20 | USD | 67.50 | USD | 1,441 | (18,645 | ) | ||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 35 | 10/16/20 | USD | 120.00 | USD | 481 | (65,537 | ) | ||||||||||||||||
Elastic NV | 99 | 10/16/20 | USD | 105.00 | USD | 1,068 | (65,340 | ) | ||||||||||||||||
Facebook, Inc., Class A | 87 | 10/16/20 | USD | 260.00 | USD | 2,279 | (77,212 | ) | ||||||||||||||||
Fair Isaac Corp. | 21 | 10/16/20 | USD | 440.00 | USD | 893 | (15,750 | ) | ||||||||||||||||
Inphi Corp. | 151 | 10/16/20 | USD | 120.00 | USD | 1,695 | (20,007 | ) | ||||||||||||||||
Intuit, Inc. | 11 | 10/16/20 | USD | 360.00 | USD | 359 | (495 | ) | ||||||||||||||||
Lam Research Corp. | 30 | 10/16/20 | USD | 335.00 | USD | 995 | (29,700 | ) | ||||||||||||||||
Mastercard, Inc., Class A | 38 | 10/16/20 | USD | 340.00 | USD | 1,285 | (25,840 | ) | ||||||||||||||||
Microsoft Corp. | 5 | 10/16/20 | USD | 230.00 | USD | 105 | (213 | ) | ||||||||||||||||
MongoDB, Inc. | 58 | 10/16/20 | USD | 240.00 | USD | 1,343 | (37,700 | ) | ||||||||||||||||
Monolithic Power Systems, Inc. | 58 | 10/16/20 | USD | 281.00 | USD | 1,622 | (57,689 | ) | ||||||||||||||||
Netflix, Inc. | 15 | 10/16/20 | USD | 520.00 | USD | 750 | (13,725 | ) | ||||||||||||||||
Pagseguro Digital Ltd., Class A | 291 | 10/16/20 | USD | 40.00 | USD | 1,097 | (20,370 | ) | ||||||||||||||||
Roku, Inc. | 117 | 10/16/20 | USD | 175.00 | USD | 2,209 | (206,505 | ) | ||||||||||||||||
salesforce.com, Inc. | 75 | 10/16/20 | USD | 250.00 | USD | 1,885 | (65,250 | ) | ||||||||||||||||
ServiceNow, Inc. | 17 | 10/16/20 | USD | 480.00 | USD | 824 | (31,960 | ) | ||||||||||||||||
Shopify, Inc., Class A | 40 | 10/16/20 | USD | 975.00 | USD | 4,092 | (291,400 | ) | ||||||||||||||||
Snap, Inc., Class A | 60 | 10/16/20 | USD | 25.00 | USD | 157 | (10,170 | ) | ||||||||||||||||
Snap, Inc., Class A | 264 | 10/16/20 | USD | 24.00 | USD | 689 | (64,284 | ) | ||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 168 | 10/16/20 | USD | 80.00 | USD | 1,362 | (59,640 | ) | ||||||||||||||||
TAL Education Group, ADR | 194 | 10/16/20 | USD | 80.00 | USD | 1,475 | (19,400 | ) | ||||||||||||||||
Teladoc Health, Inc. | 98 | 10/16/20 | USD | 220.00 | USD | 2,149 | (103,390 | ) | ||||||||||||||||
Tencent Music Entertainment Group, ADR | 656 | 10/16/20 | USD | 18.00 | USD | 969 | (2,624 | ) | ||||||||||||||||
Tesla, Inc. | 55 | 10/16/20 | USD | 403.00 | USD | 2,360 | (232,650 | ) | ||||||||||||||||
Tesla, Inc. | 12 | 10/16/20 | USD | 500.00 | USD | 515 | (9,270 | ) | ||||||||||||||||
Twilio, Inc., Class A | 92 | 10/16/20 | USD | 250.00 | USD | 2,273 | (96,370 | ) | ||||||||||||||||
Unity Software, Inc. | 145 | 10/16/20 | USD | 100.00 | USD | 1,266 | (47,850 | ) | ||||||||||||||||
Unity Software, Inc. | 145 | 10/16/20 | USD | 90.00 | USD | 1,266 | (87,000 | ) | ||||||||||||||||
Visa, Inc., Class A | 65 | 10/16/20 | USD | 210.00 | USD | 1,300 | (6,240 | ) | ||||||||||||||||
Zoom Video Communications, Inc., Class A | 27 | 10/16/20 | USD | 430.00 | USD | 1,269 | (142,965 | ) | ||||||||||||||||
ZoomInfo Technologies, Inc., Class A | 423 | 10/16/20 | USD | 45.00 | USD | 1,818 | (61,335 | ) | ||||||||||||||||
Activision Blizzard, Inc. | 77 | 10/23/20 | USD | 81.50 | USD | 623 | (18,711 | ) | ||||||||||||||||
Adobe, Inc. | 35 | 10/23/20 | USD | 485.00 | USD | 1,716 | (76,125 | ) | ||||||||||||||||
Advanced Micro Devices, Inc. | 356 | 10/23/20 | USD | 92.00 | USD | 2,919 | (52,510 | ) | ||||||||||||||||
Alibaba Group Holding Ltd., ADR | 130 | 10/23/20 | USD | 290.00 | USD | 3,822 | (172,575 | ) | ||||||||||||||||
Alphabet, Inc., Class A | 14 | 10/23/20 | USD | 1,535.00 | USD | 2,052 | (25,130 | ) | ||||||||||||||||
Alphabet, Inc., Class A | 16 | 10/23/20 | USD | 1,510.00 | USD | 2,345 | (42,560 | ) | ||||||||||||||||
Apple, Inc. | 124 | 10/23/20 | USD | 121.00 | USD | 1,436 | (32,426 | ) | ||||||||||||||||
Autodesk, Inc. | 33 | 10/23/20 | USD | 252.50 | USD | 762 | (5,874 | ) | ||||||||||||||||
Coupa Software, Inc. | 83 | 10/23/20 | USD | 262.50 | USD | 2,276 | (177,205 | ) | ||||||||||||||||
Cree, Inc. | 99 | 10/23/20 | USD | 64.00 | USD | 631 | (33,165 | ) | ||||||||||||||||
Facebook, Inc., Class A | 11 | 10/23/20 | USD | 270.00 | USD | 288 | (6,683 | ) | ||||||||||||||||
Intuit, Inc. | 32 | 10/23/20 | USD | 320.00 | USD | 1,044 | (44,800 | ) | ||||||||||||||||
Marvell Technology Group Ltd. | 34 | 10/23/20 | USD | 41.50 | USD | 135 | (2,601 | ) |
4 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Science and Technology Trust (BST) |
Exchange-Traded Options Written (continued)
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||
Call (continued) | ||||||||||||||||||||||||
Mastercard, Inc., Class A | 40 | 10/23/20 | USD | 335.00 | USD | 1,353 | $ | (46,900 | ) | |||||||||||||||
Microsoft Corp. | 76 | 10/23/20 | USD | 212.50 | USD | 1,599 | (43,130 | ) | ||||||||||||||||
MongoDB, Inc. | 6 | 10/23/20 | USD | 235.00 | USD | 139 | (6,420 | ) | ||||||||||||||||
Okta, Inc. | 17 | 10/23/20 | USD | 222.50 | USD | 364 | (11,178 | ) | ||||||||||||||||
RingCentral, Inc., Class A | 18 | 10/23/20 | USD | 287.50 | USD | 494 | (14,130 | ) | ||||||||||||||||
RingCentral, Inc., Class A | 55 | 10/23/20 | USD | 275.00 | USD | 1,510 | (75,625 | ) | ||||||||||||||||
Roku, Inc. | 18 | 10/23/20 | USD | 175.00 | USD | 340 | (35,190 | ) | ||||||||||||||||
salesforce.com, Inc. | 11 | 10/23/20 | USD | 270.00 | USD | 276 | (4,307 | ) | ||||||||||||||||
Shopify, Inc., Class A | 41 | 10/23/20 | USD | 1,030.00 | USD | 4,194 | (205,000 | ) | ||||||||||||||||
Skyworks Solutions, Inc. | 70 | 10/23/20 | USD | 141.00 | USD | 1,018 | (60,200 | ) | ||||||||||||||||
Snap, Inc., Class A | 64 | 10/23/20 | USD | 25.50 | USD | 167 | (14,112 | ) | ||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 20 | 10/23/20 | USD | 83.00 | USD | 162 | (5,420 | ) | ||||||||||||||||
Teladoc Health, Inc. | 49 | 10/23/20 | USD | 220.00 | USD | 1,074 | (62,965 | ) | ||||||||||||||||
Teladoc Health, Inc. | 50 | 10/23/20 | USD | 230.00 | USD | 1,096 | (42,250 | ) | ||||||||||||||||
Tesla, Inc. | 26 | 10/23/20 | USD | 425.00 | USD | 1,115 | (102,050 | ) | ||||||||||||||||
Twilio, Inc., Class A | 58 | 10/23/20 | USD | 255.00 | USD | 1,433 | (61,480 | ) | ||||||||||||||||
Yandex NV, Class A | 245 | 10/23/20 | USD | 64.50 | USD | 1,599 | (86,975 | ) | ||||||||||||||||
Zoom Video Communications, Inc., Class A | 50 | 10/23/20 | USD | 440.00 | USD | 2,351 | (253,250 | ) | ||||||||||||||||
Zscaler, Inc. | 164 | 10/23/20 | USD | 134.00 | USD | 2,307 | (168,920 | ) | ||||||||||||||||
Activision Blizzard, Inc. | 95 | 10/30/20 | USD | 85.00 | USD | 769 | (15,580 | ) | ||||||||||||||||
Adobe, Inc. | 31 | 10/30/20 | USD | 500.00 | USD | 1,520 | (51,925 | ) | ||||||||||||||||
Advanced Micro Devices, Inc. | 126 | 10/30/20 | USD | 85.50 | USD | 1,033 | (59,535 | ) | ||||||||||||||||
Alibaba Group Holding Ltd., ADR | 62 | 10/30/20 | USD | 272.50 | USD | 1,823 | (163,370 | ) | ||||||||||||||||
Apple, Inc. | 186 | 10/30/20 | USD | 120.00 | USD | 2,154 | (74,400 | ) | ||||||||||||||||
Autodesk, Inc. | 41 | 10/30/20 | USD | 250.00 | USD | 947 | (13,018 | ) | ||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 79 | 10/30/20 | USD | 155.00 | USD | 1,085 | (23,937 | ) | ||||||||||||||||
Facebook, Inc., Class A | 17 | 10/30/20 | USD | 267.50 | USD | 445 | (17,977 | ) | ||||||||||||||||
Lam Research Corp. | 69 | 10/30/20 | USD | 345.00 | USD | 2,289 | (92,287 | ) | ||||||||||||||||
Marvell Technology Group Ltd. | 386 | 10/30/20 | USD | 41.00 | USD | 1,532 | (45,162 | ) | ||||||||||||||||
MercadoLibre, Inc. | 25 | 10/30/20 | USD | 1,040.00 | USD | 2,706 | (209,125 | ) | ||||||||||||||||
Microsoft Corp. | 8 | 10/30/20 | USD | 207.50 | USD | 168 | (7,380 | ) | ||||||||||||||||
MongoDB, Inc. | 49 | 10/30/20 | USD | 217.50 | USD | 1,134 | (110,005 | ) | ||||||||||||||||
NetEase, Inc., ADR | 25 | 10/30/20 | USD | 480.00 | USD | 1,137 | (24,750 | ) | ||||||||||||||||
Netflix, Inc. | 15 | 10/30/20 | USD | 510.00 | USD | 750 | (40,162 | ) | ||||||||||||||||
PayPal Holdings, Inc. | 146 | 10/30/20 | USD | 192.50 | USD | 2,877 | (186,880 | ) | ||||||||||||||||
RingCentral, Inc., Class A | 38 | 10/30/20 | USD | 300.00 | USD | 1,044 | (28,310 | ) | ||||||||||||||||
Roku, Inc. | 110 | 10/30/20 | USD | 220.00 | USD | 2,077 | (42,075 | ) | ||||||||||||||||
Skyworks Solutions, Inc. | 96 | 10/30/20 | USD | 145.00 | USD | 1,397 | (67,200 | ) | ||||||||||||||||
Snap, Inc., Class A | 63 | 10/30/20 | USD | 26.00 | USD | 164 | (13,608 | ) | ||||||||||||||||
Square, Inc., Class A | 215 | 10/30/20 | USD | 155.00 | USD | 3,495 | (318,200 | ) | ||||||||||||||||
StoneCo Ltd., Class A | 166 | 10/30/20 | USD | 55.00 | USD | 878 | (34,860 | ) | ||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 277 | 10/30/20 | USD | 80.50 | USD | 2,246 | (121,187 | ) | ||||||||||||||||
Visa, Inc., Class A | 37 | 10/30/20 | USD | 207.50 | USD | 740 | (12,710 | ) | ||||||||||||||||
Yandex NV, Class A | 245 | 10/30/20 | USD | 64.50 | USD | 1,599 | (105,350 | ) | ||||||||||||||||
Zoom Video Communications, Inc., Class A | 30 | 10/30/20 | USD | 530.00 | USD | 1,410 | (50,550 | ) | ||||||||||||||||
Zscaler, Inc. | 81 | 10/30/20 | USD | 145.00 | USD | 1,140 | (58,522 | ) | ||||||||||||||||
Activision Blizzard, Inc. | 130 | 11/06/20 | USD | 85.50 | USD | 1,052 | (40,365 | ) | ||||||||||||||||
Adobe, Inc. | 18 | 11/06/20 | USD | 515.00 | USD | 883 | (26,640 | ) | ||||||||||||||||
Facebook, Inc., Class A | 37 | 11/06/20 | USD | 270.00 | USD | 969 | (45,140 | ) | ||||||||||||||||
Marvell Technology Group Ltd. | 104 | 11/06/20 | USD | 40.50 | USD | 413 | (14,508 | ) | ||||||||||||||||
MercadoLibre, Inc. | 21 | 11/06/20 | USD | 1,150.00 | USD | 2,273 | (106,050 | ) | ||||||||||||||||
Microsoft Corp. | 92 | 11/06/20 | USD | 217.50 | USD | 1,935 | (64,630 | ) | ||||||||||||||||
NetEase, Inc., ADR | 27 | 11/06/20 | USD | 475.00 | USD | 1,228 | (40,095 | ) | ||||||||||||||||
Okta, Inc. | 105 | 11/06/20 | USD | 230.00 | USD | 2,245 | (77,437 | ) | ||||||||||||||||
RingCentral, Inc., Class A | 16 | 11/06/20 | USD | 300.00 | USD | 439 | (17,200 | ) | ||||||||||||||||
salesforce.com, Inc. | 65 | 11/06/20 | USD | 270.00 | USD | 1,634 | (45,175 | ) | ||||||||||||||||
Visa, Inc., Class A | 37 | 11/06/20 | USD | 210.00 | USD | 740 | (14,708 | ) | ||||||||||||||||
Zoom Video Communications, Inc., Class A | 47 | 11/06/20 | USD | 490.00 | USD | 2,210 | (166,145 | ) | ||||||||||||||||
Advanced Micro Devices, Inc. | 160 | 11/20/20 | USD | 87.50 | USD | 1,312 | (86,800 | ) | ||||||||||||||||
Alibaba Group Holding Ltd., ADR | 126 | 11/20/20 | USD | 280.00 | USD | 3,704 | (329,490 | ) | ||||||||||||||||
Alphabet, Inc., Class A | 10 | 11/20/20 | USD | 1,525.00 | USD | 1,466 | (59,550 | ) | ||||||||||||||||
Avalara, Inc. | 154 | 11/20/20 | USD | 130.00 | USD | 1,961 | (160,160 | ) |
CONSOLIDATED SCHEDULE OF INVESTMENTS | 5 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Science and Technology Trust (BST) |
Exchange-Traded Options Written (continued)
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||
Call (continued) | ||||||||||||||||||||||||
Bandwidth, Inc., Class A | 90 | 11/20/20 | USD | 150.00 | USD | 1,571 | $ | (284,850 | ) | |||||||||||||||
Cadence Design Systems, Inc. | 141 | 11/20/20 | USD | 110.00 | USD | 1,503 | (71,205 | ) | ||||||||||||||||
Coupa Software, Inc. | 74 | 11/20/20 | USD | 280.00 | USD | 2,029 | (151,700 | ) | ||||||||||||||||
Elastic NV | 98 | 11/20/20 | �� | USD | 110.00 | USD | 1,057 | (77,910 | ) | |||||||||||||||
Facebook, Inc., Class A | 9 | 11/20/20 | USD | 290.00 | USD | 236 | (6,840 | ) | ||||||||||||||||
Fair Isaac Corp. | 23 | 11/20/20 | USD | 450.00 | USD | 978 | (38,755 | ) | ||||||||||||||||
Marvell Technology Group Ltd. | 103 | 11/20/20 | USD | 41.00 | USD | 409 | (21,424 | ) | ||||||||||||||||
Mastercard, Inc., Class A | 31 | 11/20/20 | USD | 345.00 | USD | 1,048 | (42,315 | ) | ||||||||||||||||
Microsoft Corp. | 73 | 11/20/20 | USD | 220.00 | USD | 1,535 | (52,012 | ) | ||||||||||||||||
Monolithic Power Systems, Inc. | 55 | 11/20/20 | USD | 260.00 | USD | 1,538 | (169,125 | ) | ||||||||||||||||
Okta, Inc. | 91 | 11/20/20 | USD | 220.00 | USD | 1,946 | (121,940 | ) | ||||||||||||||||
Paycom Software Inc. | 70 | 11/20/20 | USD | 310.00 | USD | 2,179 | (183,050 | ) | ||||||||||||||||
PayPal Holdings, Inc. | 77 | 11/20/20 | USD | 195.00 | USD | 1,517 | (110,880 | ) | ||||||||||||||||
Roku, Inc. | 21 | 11/20/20 | USD | 195.00 | USD | 396 | (37,485 | ) | ||||||||||||||||
ServiceNow, Inc. | 42 | 11/20/20 | USD | 480.00 | USD | 2,037 | (158,130 | ) | ||||||||||||||||
Shopify, Inc., Class A | 13 | 11/20/20 | USD | 1,010.00 | USD | 1,330 | (132,145 | ) | ||||||||||||||||
Snap, Inc., Class A | 137 | 11/20/20 | USD | 27.00 | USD | 358 | (29,866 | ) | ||||||||||||||||
Snowflake, Inc., Class A | 30 | 11/20/20 | USD | 300.00 | USD | 753 | (50,550 | ) | ||||||||||||||||
TAL Education Group, ADR | 187 | 11/20/20 | USD | 82.50 | USD | 1,422 | (52,827 | ) | ||||||||||||||||
Twilio, Inc., Class A | 56 | 11/20/20 | USD | 260.00 | USD | 1,384 | (106,120 | ) | ||||||||||||||||
Visa, Inc., Class A | 27 | 11/20/20 | USD | 215.00 | USD | 540 | (9,113 | ) | ||||||||||||||||
Yandex NV, Class A | 41 | 11/20/20 | USD | 70.00 | USD | 268 | (11,173 | ) | ||||||||||||||||
|
| |||||||||||||||||||||||
$ | (11,089,237 | ) | ||||||||||||||||||||||
|
|
OTC Options Written
Description | Counterparty | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | ||||||||||||||||||||
Call | ||||||||||||||||||||||||||
Ping An Healthcare and Technology Co. Ltd. | JPMorgan Chase Bank N.A. | 92,400 | 10/07/20 | HKD | 120.65 | HKD | 9,240 | $ | (36 | ) | ||||||||||||||||
Altium Ltd. | Morgan Stanley & Co. International PLC | 37,400 | 10/14/20 | AUD | 37.26 | AUD | 1,358 | (12,565 | ) | |||||||||||||||||
Meituan Dianping, Class B | Morgan Stanley & Co. International PLC | 105,300 | 10/15/20 | HKD | 269.15 | HKD | 25,708 | (47,110 | ) | |||||||||||||||||
SOITEC | Morgan Stanley & Co. International PLC | 8,000 | 10/21/20 | EUR | 108.96 | EUR | 982 | (136,573 | ) | |||||||||||||||||
GMO Payment Gateway, Inc. | JPMorgan Chase Bank N.A. | 11,700 | 10/22/20 | JPY | 10,969.02 | JPY | 132,183 | (71,539 | ) | |||||||||||||||||
STMicroelectronics NV | Credit Suisse International | 31,300 | 10/22/20 | EUR | 26.02 | EUR | 819 | (45,748 | ) | |||||||||||||||||
TeamViewer AG | Barclays Bank PLC | 26,500 | 10/22/20 | EUR | 42.43 | EUR | 1,115 | (46,391 | ) | |||||||||||||||||
Tencent Holdings Ltd. | Morgan Stanley & Co. International PLC | 66,900 | 10/22/20 | HKD | 538.58 | HKD | 35,020 | (93,702 | ) | |||||||||||||||||
Meituan Dianping, Class B | Citibank N.A. | 96,400 | 10/27/20 | HKD | 243.60 | HKD | 23,535 | (170,325 | ) | |||||||||||||||||
Renesas Electronics Corp. | JPMorgan Chase Bank N.A. | 206,200 | 10/27/20 | JPY | 839.95 | JPY | 159,614 | (22,575 | ) | |||||||||||||||||
Tencent Holdings Ltd. | UBS AG | 68,000 | 10/27/20 | HKD | 534.97 | HKD | 35,596 | (119,339 | ) | |||||||||||||||||
Altium Ltd. | Morgan Stanley & Co. International PLC | 7,800 | 11/04/20 | AUD | 36.20 | AUD | 283 | (8,282 | ) | |||||||||||||||||
Kakao Corp. | JPMorgan Chase Bank N.A. | 7,400 | 11/04/20 | USD | 370,230.87 | USD | 2,691,085 | (102,066 | ) | |||||||||||||||||
Kingdee International Software Group Co. Ltd. | JPMorgan Chase Bank N.A. | 577,000 | 11/04/20 | HKD | 20.51 | HKD | 11,664 | (109,077 | ) | |||||||||||||||||
Ping An Healthcare and Technology Co. Ltd. | JPMorgan Chase Bank N.A. | 82,700 | 11/04/20 | HKD | 115.36 | HKD | 8,270 | (12,038 | ) | |||||||||||||||||
SOITEC | Citibank N.A. | 6,000 | 11/04/20 | EUR | 127.10 | EUR | 737 | (23,704 | ) | |||||||||||||||||
STMicroelectronics NV | Credit Suisse International | 27,400 | 11/04/20 | EUR | 26.71 | EUR | 717 | (32,134 | ) | |||||||||||||||||
TeamViewer AG | Credit Suisse International | 11,300 | 11/04/20 | EUR | 44.22 | EUR | 475 | (14,602 | ) | |||||||||||||||||
ZoomInfo Technologies, Inc., Class A | UBS AG | 42,300 | 11/05/20 | USD | 35.25 | USD | 1,818 | (344,531 | ) | |||||||||||||||||
ASML Holding NV | UBS AG | 7,000 | 11/06/20 | EUR | 324.30 | EUR | 2,203 | (72,840 | ) | |||||||||||||||||
Kakao Corp. | JPMorgan Chase Bank N.A. | 2,000 | 11/06/20 | USD | 382,130.00 | USD | 727,320 | (20,699 | ) | |||||||||||||||||
Kingdee International Software Group Co. Ltd. | JPMorgan Chase Bank N.A. | 297,000 | 11/06/20 | HKD | 20.03 | HKD | 6,004 | (65,452 | ) | |||||||||||||||||
Samsung CDI Co. Ltd. | JPMorgan Chase Bank N.A. | 6,400 | 11/06/20 | USD | 458,865.00 | USD | 2,765,022 | (69,494 | ) | |||||||||||||||||
SOITEC | UBS AG | 1,600 | 11/06/20 | EUR | 129.37 | EUR | 196 | (5,204 | ) | |||||||||||||||||
Xero Ltd. | JPMorgan Chase Bank N.A. | 21,000 | 11/06/20 | AUD | 95.32 | AUD | 2,139 | (125,120 | ) | |||||||||||||||||
Tencent Music Entertainment Group, ADR | Credit Suisse International | 69,800 | 11/09/20 | USD | 15.94 | USD | 1,031 | (24,775 | ) | |||||||||||||||||
Adyen NV | Barclays Bank PLC | 1,900 | 11/10/20 | EUR | 1,658.59 | EUR | 2,989 | (88,389 | ) | |||||||||||||||||
Delivery Hero SE | Goldman Sachs International | 9,200 | 11/10/20 | EUR | 102.74 | EUR | 900 | (41,642 | ) | |||||||||||||||||
Inphi Corp. | JPMorgan Chase Bank N.A. | 16,100 | 11/10/20 | USD | 111.00 | USD | 1,807 | (119,302 | ) |
6 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Science and Technology Trust (BST) |
OTC Options Written (continued)
Description | Counterparty | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | ||||||||||||||||||||||||
Call (continued) | ||||||||||||||||||||||||||||||
SOITEC | Goldman Sachs International | 8,000 | 11/10/20 | EUR | 127.82 | EUR | 982 | $ | (33,403 | ) | ||||||||||||||||||||
GMO Payment Gateway, Inc. | UBS AG | 14,400 | 11/12/20 | JPY | 11,631.82 | JPY | 162,687 | (58,014 | ) | |||||||||||||||||||||
TeamViewer AG | Credit Suisse International | 21,700 | 11/12/20 | EUR | 43.49 | EUR | 913 | (39,852 | ) | |||||||||||||||||||||
Xero Ltd. | Morgan Stanley & Co. International PLC | 18,300 | 11/12/20 | AUD | 104.78 | AUD | 1,864 | (33,015 | ) | |||||||||||||||||||||
Charles Schwab Corp. | JPMorgan Chase Bank N.A. | 21,200 | 11/16/20 | USD | 70.96 | USD | 1,514 | (111,014 | ) | |||||||||||||||||||||
Altium Ltd. | Morgan Stanley & Co. International PLC | 45,500 | 11/18/20 | AUD | 37.00 | AUD | 1,652 | (37,458 | ) | |||||||||||||||||||||
Kingdee International Software Group Co. Ltd. | JPMorgan Chase Bank N.A. | 569,000 | 11/18/20 | HKD | 21.13 | HKD | 11,502 | (78,008 | ) | |||||||||||||||||||||
ASML Holding NV | Morgan Stanley & Co. International PLC | 12,800 | 11/19/20 | EUR | 323.23 | EUR | 4,028 | (162,375 | ) | |||||||||||||||||||||
Delivery Hero SE | Goldman Sachs International | 25,400 | 11/19/20 | EUR | 103.30 | EUR | 2,486 | (150,006 | ) | |||||||||||||||||||||
SOITEC | UBS AG | 2,400 | 11/19/20 | EUR | 126.79 | EUR | 295 | (12,851 | ) | |||||||||||||||||||||
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$ | (2,761,250 | ) | ||||||||||||||||||||||||||||
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Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
• | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access |
• | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs) |
• | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global 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 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 Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are 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 Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy. The breakdown of the Trust’s investments into major categories is disclosed in the Consolidated Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Common Stocks | ||||||||||||||||
Automobiles | $ | 12,497,061 | $ | — | $ | — | $ | 12,497,061 | ||||||||
Banks | — | — | 11,167,128 | 11,167,128 | ||||||||||||
Diversified Consumer Services | 16,889,554 | — | — | 16,889,554 | ||||||||||||
Diversified Financial Services | — | — | 3,499,552 | 3,499,552 | ||||||||||||
Diversified Telecommunication Services | 8,774,063 | — | — | 8,774,063 | ||||||||||||
Electronic Equipment, Instruments & Components | — | 6,824,265 | — | 6,824,265 | ||||||||||||
Entertainment | 37,362,304 | — | — | 37,362,304 | ||||||||||||
Health Care Technology | 10,611,655 | 6,297,598 | — | 16,909,253 | ||||||||||||
Interactive Media & Services | 63,931,373 | 40,713,509 | — | 104,644,882 | ||||||||||||
Internet & Direct Marketing Retail | 83,129,186 | 29,477,920 | 253,889 | 112,860,995 | ||||||||||||
IT Services | 168,797,616 | 17,731,279 | 9,989,987 | 196,518,882 | ||||||||||||
Semiconductors & Semiconductor Equipment | 89,936,986 | 40,911,518 | — | 130,848,504 | ||||||||||||
Software | 210,298,771 | 34,071,427 | 8,352,801 | 252,722,999 | ||||||||||||
Technology Hardware, Storage & Peripherals | 44,870,469 | — | — | 44,870,469 |
CONSOLIDATED SCHEDULE OF INVESTMENTS | 7 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Science and Technology Trust (BST) |
Fair Value Hierarchy as of Period End (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Preferred Securities | ||||||||||||||||
Preferred Stocks | $ | — | $ | — | $ | 85,972,604 | $ | 85,972,604 | ||||||||
Warrants | — | — | 180,718 | 180,718 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 2,316,076 | — | — | 2,316,076 | ||||||||||||
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$ | 749,415,114 | $ | 176,027,516 | $ | 119,416,679 | 1,044,859,309 | ||||||||||
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Derivative Financial Instruments(a) | ||||||||||||||||
Liabilities | ||||||||||||||||
Equity Contracts | $ | (11,005,081 | ) | $ | (2,845,406 | ) | $ | — | $ | (13,850,487 | ) | |||||
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(a) | Derivative financial instruments are options written. Options written are shown at value. |
A reconciliation of Level 3 financial instruments is presented when the Trust had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:
Common Stocks | Preferred Stocks | Warrants | Total | |||||||||||||
Assets | ||||||||||||||||
Opening balance, as of December 31, 2019 | $ | 11,498,561 | $ | 47,488,016 | $ | 19,454 | $ | 59,006,031 | ||||||||
Transfers into Level 3 | — | — | — | — | ||||||||||||
Transfers out of Level 3 | — | — | — | — | ||||||||||||
Accrued discounts/premiums | — | — | — | — | ||||||||||||
Net realized gain (loss) | — | — | — | — | ||||||||||||
Net change in unrealized appreciation (depreciation)(a) | 5,114,693 | 8,130,677 | 161,264 | 13,406,634 | ||||||||||||
Purchases | 16,650,103 | 30,353,911 | — | 47,004,014 | ||||||||||||
Sales | — | — | — | — | ||||||||||||
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Closing balance, as of September 30, 2020 | $ | 33,263,357 | $ | 85,972,604 | $ | 180,718 | $ | 119,416,679 | ||||||||
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Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020(a) | $ | 5,114,693 | $ | 8,130,677 | $ | 161,264 | $ | 13,406,634 | ||||||||
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(a) | Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020 is generally due to investments no longer held or categorized as Level 3 at period end. |
The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) to determine the value of certain of the Trust’s Level 3 investments as of period end. The table does not include Level 3 investments with values based upon unadjusted third party pricing information in the amount of $3,999,569. A significant change in the third party information could result in a significantly lower or higher value of such Level 3 investments.
Value | Valuation Approach | Unobservable Inputs | Range of Unobservable Inputs Utilized(a) | Weighted Average of Unobservable Inputs | ||||||||||||
Assets | ||||||||||||||||
Common Stocks(b)(c) | $ | 29,263,788 | Market | Revenue Multiple | 5.75x - 10.64x | 7.59x | ||||||||||
Recent Transactions | - | - | ||||||||||||||
Preferred Stocks(d)(e)(f) | 85,972,604 | Market | Revenue Multiple | 2.50x - 21.50x | 7.74x | |||||||||||
EBITDA Multiple | 19.50x | - | ||||||||||||||
Volatility | 39% - 61% | 53% | ||||||||||||||
Time to Exit | 3.0 - 5.0 | 3.3 | ||||||||||||||
Recent Transactions | - | - | ||||||||||||||
Income | Discount Rate | 14% | - | |||||||||||||
Warrants | 180,718 | Market | Revenue Multiple | 9.08x | - | |||||||||||
Volatility | 44% | - | ||||||||||||||
Time to Exit | 0.5 | - |
8 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Science and Technology Trust (BST) |
Value | Valuation Approach | Unobservable Inputs | Range of Unobservable Inputs Utilized(a) | Weighted Average of Unobservable Inputs | ||||||||||||||||
$ | 115,417,110 | |||||||||||||||||||
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(a) | A significant change in unobservable input would have resulted in a correlated (inverse) significant change to value. |
(b) | For the period end September 30, 2020, the valuation technique for investments classified as Common Stocks amounting to $11,167,128 changed to Transaction Price approach. The investments were previously valued utilizing Current Value Method. The change was due to consideration of the information that was available at the time the investments were valued. |
(c) | For the period end September 30, 2020, the valuation technique for investments classified as Common Stocks amounting to $5,990,419 changed to Transaction Price approach. The investments were previously valued utilizing Option Pricing Model approach. The change was due to consideration of the information that was available at the time the investments were valued. |
(d) | For the period end September 30, 2020, the valuation technique for investments classified as Preferred Stocks amounting to $4,985,815 changed to Transaction Price Approach. The investments were previously valued utilizing Current Value Method. The change was due to consideration of the information that was available at the time the investments were valued. |
(e) | For the period end September 30, 2020, the valuation technique for investments classified as Preferred Stocks amounting to $7,695,830 changed to Transaction Price Approach. The investments were previously valued utilizing Option Pricing Model approach. The change was due to consideration of the information that was available at the time the investments were valued. |
(f) | For the period end September 30, 2020, the valuation technique for investments classified as Preferred Stocks amounting to $15,727,824 changed to Current Value Method. The investments were previously valued utilizing Transaction Price Approach. The change was due to consideration of the information that was available at the time the investments were valued. |
Currency Abbreviation | ||
AUD | Australian Dollar | |
EUR | Euro | |
HKD | Hong Kong Dollar | |
JPY | Japanese Yen | |
USD | United States Dollar | |
Portfolio Abbreviation | ||
ADR | American Depositary Receipt | |
CDI | CREST Depository Interest | |
OTC | Over-the-Counter |
CONSOLIDATED SCHEDULE OF INVESTMENTS | 9 |