Consolidated Schedule of Investments (unaudited) March 31, 2022 |
BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Automobiles(a) — 2.8% | ||||||||
Arrival SA | 1,090,443 | $ | 4,067,352 | |||||
Tesla, Inc.(b) | 33,525 | 36,126,540 | ||||||
|
| |||||||
|
40,193,892 |
| ||||||
Capital Markets(b) — 0.7% | ||||||||
Coinbase Global, Inc., Class A(a) | 18,583 | 3,528,169 | ||||||
S&P Global, Inc. | 17,435 | 7,151,488 | ||||||
|
| |||||||
|
10,679,657 |
| ||||||
Diversified Consumer Services — 0.3% | ||||||||
Think & Learn Private Ltd., (Acquired 09/30/20, Cost: $1,524,948)(c)(d) | 997 | 4,687,314 | ||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 1.5% | ||||||||
CDW Corp.(b) | 54,202 | 9,696,196 | ||||||
Samsung SDI Co. Ltd. | 23,749 | 11,558,392 | ||||||
|
| |||||||
|
21,254,588 |
| ||||||
Entertainment — 0.4% | ||||||||
Roku, Inc.(a)(b) | 46,767 | 5,858,502 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure(a)(b) — 1.2% | ||||||||
Airbnb, Inc., Class A | 37,782 | 6,489,436 | ||||||
Booking Holdings, Inc. | 4,490 | 10,544,541 | ||||||
|
| |||||||
|
17,033,977 |
| ||||||
Interactive Media & Services — 6.7% | ||||||||
Alphabet, Inc., Class A(a)(b) | 15,340 | 42,665,909 | ||||||
Kakao Corp. | 259,131 | 22,523,282 | ||||||
Snap, Inc., Class A(a)(b) | 261,882 | 9,425,133 | ||||||
Z Holdings Corp. | 2,013,100 | 8,702,816 | ||||||
ZoomInfo Technologies, Inc., CLass A(a)(b) | 237,092 | 14,163,876 | ||||||
|
| |||||||
|
97,481,016 |
| ||||||
Internet & Direct Marketing Retail — 3.3% | ||||||||
Amazon.com, Inc.(a)(b) | 9,808 | 31,973,589 | ||||||
Cazoo Group Ltd.(a)(e) | 1,298,058 | 3,582,640 | ||||||
Jasper Infotech Private Ltd., Series I, (Acquired 08/18/15, Cost: | 168,640 | 236,096 | ||||||
MercadoLibre, Inc.(a)(b) | 10,235 | 12,174,328 | ||||||
|
| |||||||
|
47,966,653 |
| ||||||
Internet Software & Services — 0.7% | ||||||||
Voltron Data Inc., Series A, (Acquired 01/18/22, Cost: $10,000,000)(c)(d) | 6,201,935 | 9,923,096 | ||||||
|
| |||||||
IT Services — 18.2% | ||||||||
Accenture PLC, Class A(b) | 52,691 | 17,768,986 | ||||||
Adyen NV(a)(f) | 4,805 | 9,517,232 | ||||||
Automattic, Inc., Series E, (Acquired 02/03/21, Cost: $7,999,945)(c)(d) | 94,117 | 6,925,129 | ||||||
Block, Inc.(a)(b) | 111,131 | 15,069,364 | ||||||
GMO Payment Gateway Inc. | 88,800 | 9,046,597 | ||||||
Klarna Holdings AB, (Acquired 08/07/19, Cost: $7,971,978)(c)(d) | 26,430 | 39,446,151 | ||||||
Mastercard, Inc., Class A(b) | 82,846 | 29,607,503 | ||||||
MongoDB, Inc.(a)(b) | 32,327 | 14,339,934 | ||||||
Okta, Inc.(a)(b) | 74,260 | 11,210,290 | ||||||
PayPal Holdings, Inc.(a)(b) | 114,273 | 13,215,672 | ||||||
Salt Pay Co., Ltd., Series C, (Acquired 12/17/21, Cost: $24,999,987)(c)(d) | 12,871 | 23,389,052 | ||||||
Shopify, Inc., Class A(a)(b) | 9,282 | 6,274,261 | ||||||
Snowflake, Inc., Class A(a)(b) | 13,836 | 3,170,243 |
Security | Shares | Value | ||||||
IT Services (continued) | ||||||||
Thoughtworks Holding Inc.(a)(b) | 469,678 | $ | 9,773,999 | |||||
TRAX Ltd., (Acquired 09/12/19, Cost: $4,000,013)(c)(d) | 106,667 | 5,077,349 | ||||||
TRAX Ltd., Series D, (Acquired 02/18/21, Cost: $1,999,989)(c)(d) | 38,361 | 1,825,984 | ||||||
Twilio, Inc., Class A(a)(b) | 79,278 | 13,065,807 | ||||||
Visa, Inc., Class A(b) | 113,783 | 25,233,656 | ||||||
Wise PLC, Class A(a) | 1,418,170 | 9,169,299 | ||||||
|
| |||||||
|
263,126,508 |
| ||||||
Professional Services — 0.4% | ||||||||
Planet Labs Inc., (Acquired 01/06/22, Cost: $10,000,000)(d) | 1,000,000 | 5,080,000 | ||||||
|
| |||||||
Road & Rail — 1.1% | ||||||||
Ant Group Co., Ltd, Series C, (Acquired 05/18/18, Cost: $6,492,862)(c)(d) | 1,703,548 | 6,337,198 | ||||||
Lyft, Inc., Class A(a)(b) | 229,117 | 8,798,093 | ||||||
|
| |||||||
|
15,135,291 |
| ||||||
Semiconductors & Semiconductor Equipment — 17.9% | ||||||||
Advanced Micro Devices, Inc.(a)(b) | 124,266 | 13,587,244 | ||||||
Alphawave IP Group PLC(a) | 1,539,553 | 3,578,718 | ||||||
Analog Devices, Inc.(b) | 46,593 | 7,696,232 | ||||||
ASML Holding NV | 35,031 | 23,408,466 | ||||||
Credo Technology Group Holding Ltd., (Acquired 01/27/22, Cost: $5,404,499)(d) | 1,071,061 | 15,782,111 | ||||||
Globalfoundries Inc.(a)(b) | 169,368 | 10,571,950 | ||||||
Lam Research Corp.(b) | 40,619 | 21,837,181 | ||||||
Marvell Technology Inc.(b) | 611,368 | 43,841,199 | ||||||
Micron Technology, Inc.(b) | 92,793 | 7,227,647 | ||||||
Monolithic Power Systems, Inc.(b) | 29,170 | 14,167,286 | ||||||
NVIDIA Corp.(b) | 67,912 | 18,530,468 | ||||||
Qualcomm, Inc.(b) | 42,749 | 6,532,902 | ||||||
Renesas Electronics Corp.(a) | 1,000,900 | 11,597,395 | ||||||
Soitec SA(a) | 71,545 | 13,420,721 | ||||||
STMicroelectronics NV | 265,143 | 11,524,167 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR(b) | 138,104 | 14,398,723 | ||||||
Wolfspeed, Inc.(a)(b) | 187,495 | 21,348,181 | ||||||
|
| |||||||
|
259,050,591 |
| ||||||
Software — 21.1% | ||||||||
Adobe, Inc.(a)(b) | 31,718 | 14,451,355 | ||||||
ANSYS, Inc.(a)(b) | 35,199 | 11,180,962 | ||||||
AppLovin Corp., Class A(a)(b) | 200,487 | 11,040,819 | ||||||
Atlassian Corp. PLC, Class A(a)(b) | 41,325 | 12,142,525 | ||||||
Avalara, Inc.(a)(b) | 80,082 | 7,968,960 | ||||||
AvidXchange Holdings, Inc.(a) | 248,268 | 1,998,558 | ||||||
AvidXchange, Inc., (Acquired 07/29/20, Cost: $2,022,088)(d) | 165,028 | 1,324,416 | ||||||
Cadence Design Systems, Inc.(a)(b) | 100,929 | 16,598,783 | ||||||
Crowdstrike Holdings, Inc., Class A(a)(b) | 51,352 | 11,661,012 | ||||||
CS Disco, Inc.(a)(b) | 215,329 | 7,314,726 | ||||||
Databricks, Inc., (Acquired 07/24/20, Cost: $960,476)(c)(d) | 19,999 | 3,542,223 | ||||||
DataRobot, Inc., (Acquired 03/01/21, Cost: $583,275)(c)(d) | 38,789 | 1,054,673 | ||||||
Elastic NV(a)(b) | 67,504 | 6,004,481 | ||||||
Gitlab, Inc., Class A(a)(b) | 156,500 | 8,521,425 | ||||||
Grammarly, Inc., (Acquired 11/17/21, Cost: $18,749,975)(c)(d) | 715,323 | 18,884,527 |
1 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2022 |
BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Software (continued) | ||||||||
Intuit, Inc.(b) | 31,439 | $ | 15,117,129 | |||||
Microsoft Corp.(b) | 237,600 | 73,254,456 | ||||||
Patreon, Inc., (Acquired 08/19/21, Cost: $3,352,226)(c)(d) | 59,524 | 2,839,890 | ||||||
salesforce.com, Inc.(a)(b) | 65,222 | 13,847,935 | ||||||
ServiceNow, Inc.(a)(b) | 31,148 | 17,346,010 | ||||||
SiteMinder Ltd.(a) | 2,145,680 | 7,301,016 | ||||||
Snorkel AI, Inc., (Acquired 06/30/21, Cost: $997,636)(c)(d) | 66,422 | 907,989 | ||||||
Snyk Ltd., (Acquired 09/02/21, Cost: $5,192,307)(c)(d) . | 361,972 | 4,560,847 | ||||||
Unity Software, Inc.(a)(b) | 117,216 | 11,628,999 | ||||||
Xero Ltd.(a) | 130,197 | 9,867,326 | ||||||
Zscaler, Inc.(a)(b) | 60,440 | 14,582,963 | ||||||
|
| |||||||
|
304,944,005 |
| ||||||
Technology Hardware, Storage & Peripherals — 5.6% | ||||||||
Apple, Inc.(b) | 462,554 | 80,766,554 | ||||||
|
| |||||||
Total Common Stocks — 81.9% | 1,183,181,644 | |||||||
|
| |||||||
Par (000) | ||||||||
Convertible Notes | ||||||||
Software — 0.6% | ||||||||
Warhol, Inc.(Acquired: 12/14/21, Cost: $8,000,000), 0.00%(c)(d) | $ | 80 | 8,040,000 | |||||
|
| |||||||
Total Convertible Notes — 0.6% | 8,040,000 | |||||||
|
| |||||||
Shares | ||||||||
Preferred Securities | ||||||||
Preferred Stocks — 17.9%(c)(d) | ||||||||
Chemicals — 0.6% | ||||||||
Solugen, Inc., (Acquired 09/02/21, Cost: $9,999,977) . | 269,284 | 8,320,876 | ||||||
|
| |||||||
Diversified Consumer Services — 0.3% | ||||||||
Think & Learn Private Ltd., Series F, (Acquired 09/30/20, Cost: $3,052,975) | 1,054 | 4,955,295 | ||||||
|
| |||||||
Diversified Financial Services — 0.7% | ||||||||
Trumid Holdings LLC, Class L, (Acquired 09/15/21, Cost: $9,999,695)(g) | 11,420 | 9,703,346 | ||||||
|
| |||||||
Entertainment — 0.4% | ||||||||
Discord, Inc., Series I, (Acquired 09/13/21, Cost: $7,000,088) | 12,713 | 5,361,199 | ||||||
|
| |||||||
Food & Staples Retailing — 1.1% | ||||||||
Grubmarket, Inc., Series E, (Acquired 10/18/21, Cost: $6,999,994) | 709,724 | 16,089,443 | ||||||
|
| |||||||
Food Products — 0.8% | ||||||||
Farmer’s Business Network, Inc. (Acquired 09/15/21, Cost: $6,999,963) | 112,616 | 6,339,155 | ||||||
Series F, (Acquired 07/31/20, Cost: $2,999,886) | 90,750 | 5,108,317 | ||||||
|
| |||||||
|
11,447,472 |
|
Security | Shares | Value | ||||||
Interactive Media & Services — 1.0% | ||||||||
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $9,999,959) | 91,262 | $ | 14,702,999 | |||||
|
| |||||||
IT Services — 1.5% | ||||||||
Deep Instinct Ltd., Series D-2, (Acquired 03/19/21, Cost: $2,999,391) | 493,493 | 2,852,389 | ||||||
Trumid Holdings LLC(g) | ||||||||
Class J-A, (Acquired 07/24/20, Cost: $2,499,716) | 5,038 | 4,280,688 | ||||||
Class J-B, (Acquired 07/24/20, Cost: $1,499,830) | 5,038 | 4,280,688 | ||||||
Voltron Data, Inc., (Acquired 07/14/21, Cost: $5,000,000) | 9,090,909 | 10,909,091 | ||||||
|
| |||||||
|
22,322,856 |
| ||||||
Road & Rail — 0.3% | ||||||||
FlixMobility GmbH, Series F, (Acquired 07/26/19, Cost: $5,482,937) | 275 | 4,133,115 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 3.4% | ||||||||
Psiquantum Corp., Series C, (Acquired 09/09/19, Cost: $3,200,234) | 690,003 | 14,179,562 | ||||||
PsiQuantum Corp., Series C, (Acquired 05/21/21, Cost: $5,000,025) | 190,650 | 4,913,050 | ||||||
Rivos, Series A, (Acquired 12/03/21, Cost: $12,003,705) | 1,500,000 | 11,805,000 | ||||||
SambaNova Systems, Inc., Series C, (Acquired 02/20/20, Cost: $9,972,125) | 187,300 | 18,879,840 | ||||||
|
| |||||||
|
49,777,452 |
| ||||||
Software — 7.8% | ||||||||
Bolt Financial Inc., Series E, (Acquired 01/18/22, Cost: $29,999,955) | 598,682 | 29,999,955 | ||||||
Databricks, Inc. | ||||||||
Series F, (Acquired 10/22/19, Cost: $3,999,999) | 93,135 | 16,496,071 | ||||||
Series G, (Acquired 02/01/21, Cost: $4,500,001) | 25,371 | 4,493,712 | ||||||
DataRobot, Inc., Series F, (Acquired 10/27/20, Cost: $2,999,996) | 228,276 | 6,209,107 | ||||||
Grammarly, Inc., Series 3, (Acquired 11/17/21, Cost: $6,249,992) | 238,441 | 6,294,842 | ||||||
MNTN Digital, Inc., (Acquired 11/05/21, Cost: $24,999,980) | 1,088,598 | 21,336,521 | ||||||
Patreon, Inc., Series D, (Acquired 07/14/21, Cost: $6,666,632) | 119,047 | 5,679,732 | ||||||
Prosimo, Inc., Series B, (Acquired 11/04/21, Cost: $4,999,998) | 2,515,811 | 4,905,832 | ||||||
Snorkel AI, Inc., Series C, (Acquired 06/30/21, Cost: $4,999,985) | 332,896 | 4,550,688 | ||||||
Snyk Ltd., Series B, (Acquired 09/02/21, Cost: $4,807,688) | 335,159 | 4,223,003 | ||||||
Unqork, Inc. | ||||||||
Series B, (Acquired 09/19/19, Cost: $3,198,416) | 281,080 | 6,737,488 | ||||||
Series C, (Acquired 09/18/20, Cost: $1,303,260) | 47,600 | 1,140,972 | ||||||
|
| |||||||
|
112,067,923 |
| ||||||
|
| |||||||
|
258,881,976 |
| ||||||
|
| |||||||
Total Preferred Securities — 17.9% | 258,881,976 | |||||||
|
|
C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S | 2 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2022 |
BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Warrants |
| |||||||
IT Services — 0.0% | ||||||||
TRAX Ltd. (Expires 09/15/2023), (Acquired 09/12/19, Cost: $0)(c)(d) | 17,065 | $ | 94,199 | |||||
|
| |||||||
Total Warrants — 0.0% | 94,199 | |||||||
|
| |||||||
Total Long-Term Investments — 100.4% | 1,450,197,819 | |||||||
|
| |||||||
Short-Term Securities |
| |||||||
Money Market Funds — 0.8% | ||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.21%(h)(i) | 10,449,533 | 10,449,533 | ||||||
SL Liquidity Series, LLC, Money Market Series, 0.43%(h)(i)(j) | 976,538 | 976,245 | ||||||
|
| |||||||
Total Short-Term Securities — 0.8% |
| 11,425,778 | ||||||
|
| |||||||
Total Investments Before Options Written — 101.2% |
| 1,461,623,597 | ||||||
|
| |||||||
Options Written — (1.2)% | (16,674,962 | ) | ||||||
|
| |||||||
Total Investments, Net of Options Written — 100.0% |
| 1,444,948,635 | ||||||
Liabilities in Excess of Other Assets — 0.0% |
| (41,998 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 1,444,906,637 | ||||||
|
|
(a) | Non-income producing security. |
(b) | All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written. |
(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 $418,840,220, representing 29.0% of its net assets as of period end, and an original cost of $325,687,041. |
(e) | All or a portion of this security is on loan. |
(f) | 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. |
(g) | All or a portion of the security is held by a wholly-owned subsidiary. |
(h) | Affiliate of the Trust. |
(i) | Annualized 7-day yield as of period end. |
(j) | All or a portion of this security was purchased with the cash collateral from loaned 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.
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 12/31/21 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 03/31/22 | Shares Held at 03/31/22 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class | $ | 42,574,872 | $ | — | $ | (32,125,339 | )(a) | $ | — | $ | — | $ | 10,449,533 | 10,449,533 | $ | 1,796 | $ | — | ||||||||||||||||||
SL Liquidity Series, LLC, Money Market Series | 840,396 | 136,447 | (a) | — | (794 | ) | 196 | 976,245 | 976,538 | 11,783 | (b) | — | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (794 | ) | $ | 196 | $ | 11,425,778 | $ | 13,579 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
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 | ||||||||||||||||||||||||
Accenture PLC, Class A | 89 | 04/01/22 | USD | 335.00 | USD | 3,001 | $ | (32,485 | ) | |||||||||||||||
Adobe, Inc. | 18 | 04/01/22 | USD | 470.00 | USD | 820 | (666 | ) | ||||||||||||||||
Apple, Inc. | 23 | 04/01/22 | USD | 180.00 | USD | 402 | (127 | ) |
3 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2022 |
BlackRock Science and Technology Trust (BST) |
Exchange-Traded Options Written (continued)
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount | Value | |||||||||||||||||||
Call (continued) | ||||||||||||||||||||||||
Block, Inc. | 102 | 04/01/22 | USD | 140.00 | USD | 1,383 | $ | (8,874 | ) | |||||||||||||||
Coinbase Global, Inc., Class A | 39 | 04/01/22 | USD | 195.00 | USD | 740 | (4,388 | ) | ||||||||||||||||
MercadoLibre, Inc. | 8 | 04/01/22 | USD | 1,260.00 | USD | 952 | (4,640 | ) | ||||||||||||||||
NVIDIA Corp. | 117 | 04/01/22 | USD | 280.00 | USD | 3,192 | (9,828 | ) | ||||||||||||||||
ServiceNow, Inc. | 27 | 04/01/22 | USD | 625.00 | USD | 1,504 | (1,080 | ) | ||||||||||||||||
Twilio, Inc., Class A | 90 | 04/01/22 | USD | 180.00 | USD | 1,483 | (1,170 | ) | ||||||||||||||||
Zscaler, Inc. | 32 | 04/01/22 | USD | 260.00 | USD | 772 | (368 | ) | ||||||||||||||||
Airbnb, Inc., Class A | 41 | 04/08/22 | USD | 170.00 | USD | 704 | (23,780 | ) | ||||||||||||||||
Alphabet Inc., Class A | 20 | 04/08/22 | USD | 2,800.00 | USD | 5,563 | (70,000 | ) | ||||||||||||||||
Apple, Inc. | 282 | 04/08/22 | USD | 170.00 | USD | 4,924 | (160,035 | ) | ||||||||||||||||
Block, Inc. | 103 | 04/08/22 | USD | 120.00 | USD | 1,397 | (174,842 | ) | ||||||||||||||||
Booking Holdings, Inc. | 6 | 04/08/22 | USD | 2,410.00 | USD | 1,409 | (14,580 | ) | ||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 27 | 04/08/22 | USD | 205.00 | USD | 613 | (64,057 | ) | ||||||||||||||||
Marvell Technology Inc. | 388 | 04/08/22 | USD | 77.51 | USD | 2,782 | (10,011 | ) | ||||||||||||||||
Mastercard, Inc., Class A | 39 | 04/08/22 | USD | 370.00 | USD | 1,394 | (6,689 | ) | ||||||||||||||||
MercadoLibre, Inc. | 12 | 04/08/22 | USD | 1,210.00 | USD | 1,427 | (37,080 | ) | ||||||||||||||||
MongoDB, Inc. | 12 | 04/08/22 | USD | 420.00 | USD | 532 | (37,620 | ) | ||||||||||||||||
Okta, Inc. | 109 | 04/08/22 | USD | 195.00 | USD | 1,645 | (2,834 | ) | ||||||||||||||||
PayPal Holdings, Inc. | 88 | 04/08/22 | USD | 115.00 | USD | 1,018 | (29,040 | ) | ||||||||||||||||
Roku, Inc. | 41 | 04/08/22 | USD | 155.00 | USD | 514 | (759 | ) | ||||||||||||||||
Snap, Inc., Class A | 154 | 04/08/22 | USD | 42.00 | USD | 554 | (2,079 | ) | ||||||||||||||||
Snowflake, Inc., Class A | 25 | 04/08/22 | USD | 285.00 | USD | 573 | (500 | ) | ||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 295 | 04/08/22 | USD | 118.00 | USD | 3,076 | (1,475 | ) | ||||||||||||||||
Tesla, Inc. | 45 | 04/08/22 | USD | 890.00 | USD | 4,849 | (851,962 | ) | ||||||||||||||||
Unity Software, Inc. | 187 | 04/08/22 | USD | 115.00 | USD | 1,855 | (6,078 | ) | ||||||||||||||||
Visa, Inc., Class A | 45 | 04/08/22 | USD | 225.00 | USD | 998 | (9,540 | ) | ||||||||||||||||
Zscaler, Inc. | 31 | 04/08/22 | USD | 275.00 | USD | 748 | (1,488 | ) | ||||||||||||||||
Zscaler, Inc. | 31 | 04/08/22 | USD | 260.00 | USD | 748 | (5,255 | ) | ||||||||||||||||
Accenture PLC, Class A | 26 | 04/14/22 | USD | 325.00 | USD | 877 | (39,390 | ) | ||||||||||||||||
Airbnb, Inc., Class A | 50 | 04/14/22 | USD | 165.00 | USD | 859 | (51,250 | ) | ||||||||||||||||
Alphabet Inc., Class A | 18 | 04/14/22 | USD | 2,960.00 | USD | 5,006 | (10,440 | ) | ||||||||||||||||
Amazon.com, Inc. | 7 | 04/14/22 | USD | 3,130.00 | USD | 2,282 | (112,297 | ) | ||||||||||||||||
Analog Devices, Inc. | 82 | 04/14/22 | USD | 175.00 | USD | 1,354 | (8,200 | ) | ||||||||||||||||
ANSYS, Inc. | 61 | 04/14/22 | USD | 340.00 | USD | 1,938 | (16,013 | ) | ||||||||||||||||
Apple, Inc. | 426 | 04/14/22 | USD | 170.00 | USD | 7,438 | (273,705 | ) | ||||||||||||||||
Applovin Corp., Class A | 191 | 04/14/22 | USD | 75.00 | USD | 1,052 | (5,730 | ) | ||||||||||||||||
Atlassian Corp., PLC Class A | 97 | 04/14/22 | USD | 270.00 | USD | 2,850 | (290,515 | ) | ||||||||||||||||
Avalara, Inc. | 190 | 04/14/22 | USD | 115.00 | USD | 1,891 | (9,975 | ) | ||||||||||||||||
Block, Inc. | 78 | 04/14/22 | USD | 115.00 | USD | 1,058 | (172,185 | ) | ||||||||||||||||
Cadence Design Systems, Inc. | 250 | 04/14/22 | USD | 154.00 | USD | 4,112 | (297,720 | ) | ||||||||||||||||
CDW Corp. | 168 | 04/14/22 | USD | 191.00 | USD | 3,005 | (10,833 | ) | ||||||||||||||||
CS Disco, Inc. | 270 | 04/14/22 | USD | 40.00 | USD | 917 | (97,200 | ) | ||||||||||||||||
Elastic NV | 43 | 04/14/22 | USD | 105.00 | USD | 382 | (1,720 | ) | ||||||||||||||||
Elastic NV | 105 | 04/14/22 | USD | 85.00 | USD | 934 | (66,675 | ) | ||||||||||||||||
Gitlab, Inc., Class A | 586 | 04/14/22 | USD | 70.00 | USD | 3,191 | (27,835 | ) | ||||||||||||||||
Globalfoundries Inc. | 275 | 04/14/22 | USD | 65.00 | USD | 1,717 | (58,437 | ) | ||||||||||||||||
Lam Research Corp. | 64 | �� | 04/14/22 | USD | 590.00 | USD | 3,441 | (13,248 | ) | |||||||||||||||
Lyft, Inc., Class A | 215 | 04/14/22 | USD | 40.00 | USD | 826 | (17,308 | ) | ||||||||||||||||
Marvell Technology Inc. | 436 | 04/14/22 | USD | 85.00 | USD | 3,127 | (3,924 | ) | ||||||||||||||||
Mastercard, Inc., Class A | 41 | 04/14/22 | USD | 355.00 | USD | 1,465 | (38,130 | ) | ||||||||||||||||
Microsoft Corp. | 170 | 04/14/22 | USD | 330.00 | USD | 5,241 | (10,625 | ) | ||||||||||||||||
MongoDB, Inc. | 16 | 04/14/22 | USD | 480.00 | USD | 710 | (9,920 | ) | ||||||||||||||||
Monolithic Power Systems, Inc. | 101 | 04/14/22 | USD | 510.00 | USD | 4,905 | (70,700 | ) | ||||||||||||||||
NVIDIA Corp. | 56 | 04/14/22 | USD | 265.00 | USD | 1,528 | (83,300 | ) | ||||||||||||||||
Okta, Inc. | 44 | 04/14/22 | USD | 200.00 | USD | 664 | (594 | ) | ||||||||||||||||
Roku, Inc. | 38 | 04/14/22 | USD | 160.00 | USD | 476 | (1,387 | ) | ||||||||||||||||
salesforce.com, Inc. | 80 | 04/14/22 | USD | 240.00 | USD | 1,699 | (1,320 | ) | ||||||||||||||||
ServiceNow, Inc. | 30 | 04/14/22 | USD | 600.00 | USD | 1,671 | (13,050 | ) | ||||||||||||||||
Shopify, Inc., Class A | 14 | 04/14/22 | USD | 800.00 | USD | 946 | (7,910 | ) | ||||||||||||||||
Snap, Inc., Class A | 210 | 04/14/22 | USD | 39.00 | USD | 756 | (15,120 | ) | ||||||||||||||||
Tesla, Inc. | 17 | 04/14/22 | USD | 1,100.00 | USD | 1,832 | (63,410 | ) | ||||||||||||||||
Thoughtworks Holding Inc. | 478 | 04/14/22 | USD | 30.00 | USD | 995 | (14,340 | ) |
C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S | 4 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2022 |
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) | ||||||||||||||||||||||||
Thoughtworks Holding Inc. | 269 | 04/14/22 | USD | 25.00 | USD | 560 | $ | (8,070 | ) | |||||||||||||||
Twilio, Inc., Class A | 67 | 04/14/22 | USD | 195.00 | USD | 1,104 | (4,322 | ) | ||||||||||||||||
Visa, Inc., Class A | 70 | 04/14/22 | USD | 210.00 | USD | 1,552 | (91,700 | ) | ||||||||||||||||
Wolfspeed, Inc. | 93 | 04/14/22 | USD | 120.00 | USD | 1,059 | (28,598 | ) | ||||||||||||||||
Wolfspeed, Inc. | 93 | 04/14/22 | USD | 115.00 | USD | 1,059 | (39,990 | ) | ||||||||||||||||
ZoomInfo Technologies, Inc., Class A | 304 | 04/14/22 | USD | 60.00 | USD | 1,816 | (72,200 | ) | ||||||||||||||||
Advanced Micro Devices, Inc. | 203 | 04/22/22 | USD | 126.00 | USD | 2,220 | (17,560 | ) | ||||||||||||||||
Alphabet Inc., Class A | 13 | 04/22/22 | USD | 2,750.00 | USD | 3,616 | (115,050 | ) | ||||||||||||||||
Amazon.com, Inc. | 15 | 04/22/22 | USD | 3,060.00 | USD | 4,890 | (346,237 | ) | ||||||||||||||||
Analog Devices, Inc. | 75 | 04/22/22 | USD | 170.00 | USD | 1,239 | (21,188 | ) | ||||||||||||||||
Apple, Inc. | 324 | 04/22/22 | USD | 170.00 | USD | 5,657 | (264,870 | ) | ||||||||||||||||
Apple, Inc. | 23 | 04/22/22 | USD | 180.00 | USD | 402 | (4,899 | ) | ||||||||||||||||
Atlassian PLC, Class A | 17 | 04/22/22 | USD | 285.00 | USD | 500 | (36,295 | ) | ||||||||||||||||
Block, Inc. | 104 | 04/22/22 | USD | 140.00 | USD | 1,410 | (70,200 | ) | ||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 74 | 04/22/22 | USD | 205.00 | USD | 1,680 | (193,510 | ) | ||||||||||||||||
Intuit, Inc. | 16 | 04/22/22 | USD | 500.00 | USD | 769 | (12,080 | ) | ||||||||||||||||
Lyft, Inc., Class A | 88 | 04/22/22 | USD | 44.00 | USD | 338 | (2,596 | ) | ||||||||||||||||
Marvell Technology Inc. | 208 | 04/22/22 | USD | 70.00 | USD | 1,492 | (84,760 | ) | ||||||||||||||||
Mastercard, Inc., Class A | 48 | 04/22/22 | USD | 370.00 | USD | 1,715 | (22,560 | ) | ||||||||||||||||
MercadoLibre, Inc. | 8 | 04/22/22 | USD | 1,080.00 | USD | 952 | (108,600 | ) | ||||||||||||||||
Micron Technology, Inc. | 170 | 04/22/22 | USD | 80.00 | USD | 1,324 | (39,610 | ) | ||||||||||||||||
Microsoft Corp. | 102 | 04/22/22 | USD | 300.00 | USD | 3,145 | (138,210 | ) | ||||||||||||||||
PayPal Holdings, Inc. | 196 | 04/22/22 | USD | 110.00 | USD | 2,267 | (164,640 | ) | ||||||||||||||||
Tesla, Inc. | 25 | 04/22/22 | USD | 935.00 | USD | 2,694 | (392,562 | ) | ||||||||||||||||
Tesla, Inc. | 18 | 04/22/22 | USD | 1,075.00 | USD | 1,940 | (110,115 | ) | ||||||||||||||||
Unity Software, Inc. | 53 | 04/22/22 | USD | 101.00 | USD | 526 | (27,825 | ) | ||||||||||||||||
Visa, Inc., Class A | 169 | 04/22/22 | USD | 220.00 | USD | 3,748 | (118,722 | ) | ||||||||||||||||
Zscaler, Inc. | 55 | 04/22/22 | USD | 220.00 | USD | 1,327 | (145,475 | ) | ||||||||||||||||
Accenture PLC, Class A | 82 | 04/29/22 | USD | 345.00 | USD | 2,765 | (44,280 | ) | ||||||||||||||||
Adobe, Inc. | 100 | 04/29/22 | USD | 460.00 | USD | 4,556 | (144,500 | ) | ||||||||||||||||
Airbnb, Inc., Class A | 50 | 04/29/22 | USD | 180.00 | USD | 859 | (27,125 | ) | ||||||||||||||||
Analog Devices, Inc. | 2 | 04/29/22 | USD | 160.00 | USD | 33 | (1,830 | ) | ||||||||||||||||
Block, Inc. | 29 | 04/29/22 | USD | 120.00 | USD | 393 | (57,637 | ) | ||||||||||||||||
Booking Holdings, Inc. | 10 | 04/29/22 | USD | 2,300.00 | USD | 2,348 | (114,400 | ) | ||||||||||||||||
Coinbase Global, Inc., Class A | 20 | 04/29/22 | USD | 205.00 | USD | 380 | (15,800 | ) | ||||||||||||||||
Lam Research Corp. | 68 | 04/29/22 | USD | 530.00 | USD | 3,656 | (214,370 | ) | ||||||||||||||||
Lyft, Inc., Class A | 194 | 04/29/22 | USD | 40.00 | USD | 745 | (29,003 | ) | ||||||||||||||||
Marvell Technology Inc. | 467 | 04/29/22 | USD | 73.00 | USD | 3,349 | (133,562 | ) | ||||||||||||||||
MercadoLibre, Inc. | 10 | 04/29/22 | USD | 1,000.00 | USD | 1,189 | (206,900 | ) | ||||||||||||||||
MongoDB, Inc. | 30 | 04/29/22 | USD | 450.00 | USD | 1,331 | (75,600 | ) | ||||||||||||||||
NVIDIA Corp. | 81 | 04/29/22 | USD | 250.00 | USD | 2,210 | (241,987 | ) | ||||||||||||||||
Okta, Inc. | 44 | 04/29/22 | USD | 175.00 | USD | 664 | (8,426 | ) | ||||||||||||||||
Qualcomm, Inc. | 162 | 04/29/22 | USD | 170.00 | USD | 2,476 | (32,562 | ) | ||||||||||||||||
Roku, Inc. | 41 | 04/29/22 | USD | 150.00 | USD | 514 | (9,410 | ) | ||||||||||||||||
salesforce.com, Inc. | 60 | 04/29/22 | USD | 220.00 | USD | 1,274 | (26,550 | ) | ||||||||||||||||
Shopify, Inc., Class A | 14 | 04/29/22 | USD | 680.00 | USD | 946 | (75,320 | ) | ||||||||||||||||
Snap, Inc., Class A | 313 | 04/29/22 | USD | 34.00 | USD | 1,126 | (141,632 | ) | ||||||||||||||||
Snowflake, Inc., Class A | 26 | 04/29/22 | USD | 195.00 | USD | 596 | (102,830 | ) | ||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 143 | 04/29/22 | USD | 110.00 | USD | 1,491 | (25,669 | ) | ||||||||||||||||
Twilio, Inc., Class A | 140 | 04/29/22 | USD | 185.00 | USD | 2,307 | (57,050 | ) | ||||||||||||||||
Unity Software, Inc. | 92 | 04/29/22 | USD | 110.00 | USD | 913 | (28,244 | ) | ||||||||||||||||
Zscaler, Inc. | 46 | 04/29/22 | USD | 250.00 | USD | 1,110 | (45,885 | ) | ||||||||||||||||
Advanced Micro Devices, Inc. | 143 | 05/06/22 | USD | 124.00 | USD | 1,564 | (37,609 | ) | ||||||||||||||||
Amazon.com, Inc. | 4 | 05/06/22 | USD | 3,380.00 | USD | 1,304 | (35,770 | ) | ||||||||||||||||
Analog Devices, Inc. | 73 | 05/06/22 | USD | 175.00 | USD | 1,206 | (17,338 | ) | ||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 91 | 05/06/22 | USD | 225.00 | USD | 2,066 | (142,642 | ) | ||||||||||||||||
Intuit, Inc. | 101 | 05/06/22 | USD | 490.00 | USD | 4,856 | (165,135 | ) | ||||||||||||||||
Lam Research Corp. | 43 | 05/06/22 | USD | 600.00 | USD | 2,312 | (36,120 | ) | ||||||||||||||||
Lyft, Inc., Class A | 187 | 05/06/22 | USD | 43.00 | USD | 718 | (19,542 | ) | ||||||||||||||||
Mastercard, Inc., Class A | 146 | 05/06/22 | USD | 385.00 | USD | 5,218 | (59,495 | ) | ||||||||||||||||
Microsoft Corp. | 186 | 05/06/22 | USD | 320.00 | USD | 5,735 | (113,460 | ) | ||||||||||||||||
Okta, Inc. | 38 | 05/06/22 | USD | 160.00 | USD | 574 | (24,130 | ) |
5 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2022 |
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) | ||||||||||||||||||||||||
Snap, Inc., Class A | 150 | 05/06/22 | USD | 39.00 | USD | 540 | $ | (37,875 | ) | |||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 252 | 05/06/22 | USD | 115.00 | USD | 2,627 | (26,082 | ) | ||||||||||||||||
Tesla, Inc. | 45 | 05/06/22 | USD | 1,100.00 | USD | 4,849 | (328,500 | ) | ||||||||||||||||
Zscaler, Inc. | 31 | 05/06/22 | USD | 265.00 | USD | 748 | (20,770 | ) | ||||||||||||||||
Marvell Technology Inc. | 722 | 05/13/22 | USD | 77.00 | USD | 5,177 | (184,471 | ) | ||||||||||||||||
Shopify, Inc., Class A | 6 | 05/13/22 | USD | 775.00 | USD | 406 | (18,390 | ) | ||||||||||||||||
Advanced Micro Devices, Inc. | 119 | 05/20/22 | USD | 125.00 | USD | 1,301 | (39,865 | ) | ||||||||||||||||
Alphabet Inc., Class A | 6 | 05/20/22 | USD | 2,820.00 | USD | 1,669 | (61,710 | ) | ||||||||||||||||
Amazon.com, Inc. | 10 | 05/20/22 | USD | 3,200.00 | USD | 3,260 | (194,125 | ) | ||||||||||||||||
ANSYS, Inc. | 70 | 05/20/22 | USD | 340.00 | USD | 2,224 | (57,050 | ) | ||||||||||||||||
Apple, Inc. | 78 | 05/20/22 | USD | 170.00 | USD | 1,362 | (77,220 | ) | ||||||||||||||||
Applovin Corp., Class A | 560 | 05/20/22 | USD | 55.00 | USD | 3,084 | (344,400 | ) | ||||||||||||||||
Atlassian Corp., PLC Class A | 40 | 05/20/22 | USD | 330.00 | USD | 1,175 | (48,200 | ) | ||||||||||||||||
Avalara, Inc. | 110 | 05/20/22 | USD | 90.00 | USD | 1,095 | (156,200 | ) | ||||||||||||||||
Cadence Design Systems, Inc. | 130 | 05/20/22 | USD | 160.00 | USD | 2,138 | (151,450 | ) | ||||||||||||||||
CDW Corp. | 35 | 05/20/22 | USD | 190.00 | USD | 626 | (12,338 | ) | ||||||||||||||||
Coinbase Global, Inc., Class A | 10 | 05/20/22 | USD | 200.00 | USD | 190 | (14,850 | ) | ||||||||||||||||
CS Disco, Inc. | 537 | 05/20/22 | USD | 35.00 | USD | 1,824 | (204,060 | ) | ||||||||||||||||
Elastic NV | 105 | 05/20/22 | USD | 90.00 | USD | 934 | (71,400 | ) | ||||||||||||||||
Globalfoundries Inc. | 360 | 05/20/22 | USD | 85.00 | USD | 2,247 | (45,000 | ) | ||||||||||||||||
Lam Research Corp. | 28 | 05/20/22 | USD | 565.00 | USD | 1,505 | (59,570 | ) | ||||||||||||||||
Lyft, Inc., Class A | 175 | 05/20/22 | USD | 42.50 | USD | 672 | (26,950 | ) | ||||||||||||||||
Marvell Technology Inc. | 517 | 05/20/22 | USD | 80.00 | USD | 3,707 | (96,679 | ) | ||||||||||||||||
Mastercard, Inc., Class A | 36 | 05/20/22 | USD | 345.00 | USD | 1,287 | (86,490 | ) | ||||||||||||||||
Micron Technology, Inc. | 180 | 05/20/22 | USD | 87.50 | USD | 1,402 | (32,850 | ) | ||||||||||||||||
Microsoft Corp. | 135 | 05/20/22 | USD | 315.00 | USD | 4,162 | (129,262 | ) | ||||||||||||||||
MongoDB, Inc. | 63 | 05/20/22 | USD | 400.00 | USD | 2,795 | (398,790 | ) | ||||||||||||||||
Monolithic Power Systems, Inc. | 44 | 05/20/22 | USD | 500.00 | USD | 2,137 | (125,840 | ) | ||||||||||||||||
Okta, Inc. | 43 | 05/20/22 | USD | 170.00 | USD | 649 | (20,640 | ) | ||||||||||||||||
PayPal Holdings, Inc. | 144 | 05/20/22 | USD | 130.00 | USD | 1,665 | (43,200 | ) | ||||||||||||||||
Roku, Inc. | 55 | 05/20/22 | USD | 135.00 | USD | 689 | (58,850 | ) | ||||||||||||||||
S&P Global, Inc. | 66 | 05/20/22 | USD | 420.00 | USD | 2,707 | (72,270 | ) | ||||||||||||||||
salesforce.com, Inc. | 104 | 05/20/22 | USD | 230.00 | USD | 2,208 | (38,220 | ) | ||||||||||||||||
ServiceNow, Inc. | 59 | 05/20/22 | USD | 580.00 | USD | 3,286 | (165,790 | ) | ||||||||||||||||
Snap, Inc., Class A | 155 | 05/20/22 | USD | 42.00 | USD | 558 | (30,225 | ) | ||||||||||||||||
Tesla, Inc. | 17 | 05/20/22 | USD | 1,025.00 | USD | 1,832 | (205,232 | ) | ||||||||||||||||
Thoughtworks Holding Inc. | 746 | 05/20/22 | USD | 22.50 | USD | 1,552 | (91,385 | ) | ||||||||||||||||
Unity Software, Inc. | 107 | 05/20/22 | USD | 95.00 | USD | 1,062 | (135,087 | ) | ||||||||||||||||
Wolfspeed, Inc. | 94 | 05/20/22 | USD | 125.00 | USD | 1,070 | (52,640 | ) | ||||||||||||||||
ZoomInfo Technologies, Inc. | 404 | 05/20/22 | USD | 70.00 | USD | 2,413 | (62,620 | ) | ||||||||||||||||
Marvell Technology Inc. | 320 | 06/17/22 | USD | 80.00 | USD | 2,295 | (100,480 | ) | ||||||||||||||||
|
| |||||||||||||||||||||||
$ |
(12,809,019 |
) | ||||||||||||||||||||||
|
|
OTC Options Written
Description | Counterparty | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | ||||||||||||||||||||
Call | ||||||||||||||||||||||||||
Kakao Corp. | Morgan Stanley & Co. International PLC | 41,600 | 04/01/22 | USD | 90,467.67 | USD | 4,430,400 | $ | (549,634 | ) | ||||||||||||||||
Renesas Electronics Corp. | JPMorgan Chase Bank N.A. | 380,900 | 04/01/22 | JPY | 1,386.47 | JPY | 545,449 | (107,682 | ) | |||||||||||||||||
Kakao Corp. | JPMorgan Chase Bank N.A. | 55,500 | 04/06/22 | USD | 93,169.44 | USD | 5,910,750 | (610,748 | ) | |||||||||||||||||
Wolfspeed, Inc. | Citibank N.A. | 9,300 | 04/06/22 | USD | 105.90 | USD | 1,059 | (82,320 | ) | |||||||||||||||||
Adyen NV | Credit Suisse International | 1,800 | 04/07/22 | EUR | 1,816.42 | EUR | 3,256 | (93,436 | ) | |||||||||||||||||
Alphawave IP Group PLC. | Goldman Sachs International | 84,200 | 04/07/22 | GBP | 1.74 | GBP | 148 | (10,667 | ) | |||||||||||||||||
Soitec SA | Goldman Sachs International | 1,900 | 04/07/22 | EUR | 139.69 | EUR | 325 | (62,825 | ) | |||||||||||||||||
Samsung SDI Co. Ltd. | JPMorgan Chase Bank N.A. | 8,900 | 04/20/22 | USD | 581,319.65 | USD | 5,304,400 | (230,232 | ) | |||||||||||||||||
Soitec SA | UBS AG | 7,700 | 04/20/22 | EUR | 169.02 | EUR | 1,317 | (61,087 | ) | |||||||||||||||||
Gmo Payment Gateway Inc. | Goldman Sachs International | 8,100 | 04/21/22 | JPY | 12,268.72 | JPY | 101,898 | (50,091 | ) | |||||||||||||||||
Wolfspeed, Inc. | Barclays Bank PLC | 26,000 | 04/21/22 | USD | 108.34 | USD | 2,960 | (229,972 | ) | |||||||||||||||||
Xero Ltd. | UBS AG | 48,800 | 04/21/22 | AUD | 105.16 | AUD | 5,014 | (112,619 | ) |
C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S | 6 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2022 |
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) | ||||||||||||||||||||||||||||||
Alphawave IP Group PLC | UBS AG | 60,000 | 04/26/22 | GBP | 1.57 | GBP | 106 | $ | (20,901 | ) | ||||||||||||||||||||
Asml Holding NV | Goldman Sachs International | 10,900 | 04/27/22 | EUR | 572.96 | EUR | 6,649 | (536,725 | ) | |||||||||||||||||||||
Gmo Payment Gateway Inc. | UBS AG | 8,800 | 04/27/22 | JPY | 10,943.86 | JPY | 110,704 | (120,468 | ) | |||||||||||||||||||||
Renesas Electronics Corp. | BNP Paribas S.A. | 119,500 | 04/27/22 | JPY | 1,372.25 | JPY | 171,124 | (85,422 | ) | |||||||||||||||||||||
Soitec SA | Morgan Stanley & Co. International PLC | 4,500 | 04/27/22 | EUR | 136.31 | EUR | 770 | (167,990 | ) | |||||||||||||||||||||
Stmicroelectronics NV | Goldman Sachs International | 26,200 | 04/27/22 | EUR | 36.22 | EUR | 1,037 | (110,859 | ) | |||||||||||||||||||||
Yahoo Japan Corp. | JPMorgan Chase Bank N.A. | 246,000 | 04/27/22 | JPY | 524.38 | JPY | 131,954 | (54,065 | ) | |||||||||||||||||||||
Yahoo Japan Corp. | JPMorgan Chase Bank N.A. | 509,000 | 05/02/22 | JPY | 536.42 | JPY | 273,028 | (69,127 | ) | |||||||||||||||||||||
Stmicroelectronics NV | Goldman Sachs International | 40,400 | 05/04/22 | EUR | 40.51 | EUR | 1,599 | (55,438 | ) | |||||||||||||||||||||
Asml Holding NV | Goldman Sachs International | 6,700 | 05/05/22 | EUR | 658.80 | EUR | 4,087 | (51,162 | ) | |||||||||||||||||||||
Soitec SA | Morgan Stanley & Co. International PLC | 1,700 | 05/05/22 | EUR | 182.43 | EUR | 291 | (7,483 | ) | |||||||||||||||||||||
Wolfspeed, Inc. | BNP Paribas S.A. | 7,000 | 05/05/22 | USD | 105.84 | USD | 797 | (91,530 | ) | |||||||||||||||||||||
Gmo Payment Gateway Inc. | JPMorgan Chase Bank N.A. | 16,400 | 05/06/22 | JPY | 12,453.00 | JPY | 206,312 | (118,107 | ) | |||||||||||||||||||||
Soitec SA | Morgan Stanley & Co. International PLC | 9,000 | 05/13/22 | EUR | 185.82 | EUR | 1,540 | (39,939 | ) | |||||||||||||||||||||
Stmicroelectronics NV | Credit Suisse International | 32,900 | 05/13/22 | EUR | 44.03 | EUR | 1,303 | (17,829 | ) | |||||||||||||||||||||
Soitec SA | Morgan Stanley & Co. International PLC | 2,100 | 05/18/22 | EUR | 183.39 | EUR | 359 | (12,163 | ) | |||||||||||||||||||||
Thoughtworks Holding Inc. | Bank of America N.A. | 26,800 | 06/03/22 | USD | 22.36 | USD | 558 | (44,412 | ) | |||||||||||||||||||||
ZoomInfo Technologies, Inc. | JPMorgan Chase Bank N.A. | 18,100 | 06/10/22 | USD | 65.62 | USD | 1,081 | (61,010 | ) | |||||||||||||||||||||
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$ |
(3,865,943 |
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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); and |
• | 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.
Certain investments of the Trust were fair valued using net asset value (“NAV”) per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.
The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments 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 | $ | 40,193,892 | $ | — | $ | — | $ | 40,193,892 | ||||||||
Capital Markets | 10,679,657 | — | — | 10,679,657 | ||||||||||||
Diversified Consumer Services | — | — | 4,687,314 | 4,687,314 | ||||||||||||
Electronic Equipment, Instruments & Components | 9,696,196 | 11,558,392 | — | 21,254,588 |
7 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2022 |
BlackRock Science and Technology Trust (BST) |
Fair Value Hierarchy as of Period End (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks (continued) | ||||||||||||||||
Entertainment | $ | 5,858,502 | $ | — | $ | — | $ | 5,858,502 | ||||||||
Hotels, Restaurants & Leisure | 17,033,977 | — | — | 17,033,977 | ||||||||||||
Interactive Media & Services | 66,254,918 | 31,226,098 | — | 97,481,016 | ||||||||||||
Internet & Direct Marketing Retail | 47,730,557 | — | 236,096 | 47,966,653 | ||||||||||||
Internet Software & Services | — | — | 9,923,096 | 9,923,096 | ||||||||||||
IT Services | 158,729,715 | 27,733,128 | 76,663,665 | 263,126,508 | ||||||||||||
Professional Services | — | 5,080,000 | — | 5,080,000 | ||||||||||||
Road & Rail | 8,798,093 | — | 6,337,198 | 15,135,291 | ||||||||||||
Semiconductors & Semiconductor Equipment | 179,739,013 | 79,311,578 | — | 259,050,591 | ||||||||||||
Software | 254,661,098 | 18,492,758 | 31,790,149 | 304,944,005 | ||||||||||||
Technology Hardware, Storage & Peripherals | 80,766,554 | — | — | 80,766,554 | ||||||||||||
Convertible Notes | — | — | 8,040,000 | 8,040,000 | ||||||||||||
Preferred Securities | ||||||||||||||||
Preferred Stocks | — | — | 258,881,976 | 258,881,976 | ||||||||||||
Warrants | — | — | 94,199 | 94,199 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 10,449,533 | — | — | 10,449,533 | ||||||||||||
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$ | 890,591,705 | $ | 173,401,954 | $ | 396,653,693 | 1,460,647,352 | ||||||||||
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Investments Valued at NAV(a) | 976,245 | |||||||||||||||
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$ | 1,461,623,597 | |||||||||||||||
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Derivative Financial Instruments(b) | ||||||||||||||||
Liabilities | ||||||||||||||||
Equity Contracts | $ | (12,490,455 | ) | $ | (4,184,507) | $ | — | $ | (16,674,962 | ) | ||||||
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(a) | Certain investments of the Trust were fair valued using NAV per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy. |
(b) | 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 | Convertible Notes | Preferred Stocks | Warrants | Total | ||||||||||||||||
Assets | ||||||||||||||||||||
Opening balance, as of December 31, 2021 | $ | 119,431,663 | $ | 8,000,000 | $ | 240,189,562 | $ | 117,749 | $ | 367,738,974 | ||||||||||
Transfers into Level 3. | — | — | — | — | — | |||||||||||||||
Transfers out of Level 3 | — | — | — | — | — | |||||||||||||||
Accrued discounts/premiums | — | — | — | — | — | |||||||||||||||
Net realized gain (loss) | — | — | — | — | — | |||||||||||||||
Net change in unrealized appreciation (depreciation)(a) | 205,857 | 40,000 | (5,903,042 | ) | (23,550 | ) | (5,680,735 | ) | ||||||||||||
Purchases | 9,999,998 | — | 29,999,955 | — | 39,999,953 | |||||||||||||||
Sales | — | — | (5,404,499 | ) | — | (5,404,499 | ) | |||||||||||||
Closing balance, as of March 31, 2022 | $ | 129,637,518 | $ | 8,040,000 | $ | 258,881,976 | $ | 94,199 | $ | 396,653,693 | ||||||||||
Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2022(a) | $ | 205,857 | $ | 40,000 | $ | (2,931,844 | ) | $ | (23,550 | ) | $ | (2,709,537 | ) |
(a) | Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at March 31, 2022 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 financial instruments as of period end.
Value | Valuation Approach | Unobservable Inputs | Range of Unobservable Inputs Utilized(a) | Weighted Average of Unobservable Inputs Based on Fair Value | ||||||||||||||||
Assets | ||||||||||||||||||||
Common Stocks | $ | 129,637,518 | Market | Revenue Multiple | 3.50 - 30.00x | 19.82x | ||||||||||||||
Volatility | 38% - 75% | 60% | ||||||||||||||||||
Time to Exit | 0.5 - 4.0 | 2.6 |
C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S | 8 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2022 |
BlackRock Science and Technology Trust (BST) |
Value | Valuation Approach | Unobservable Inputs | Range of Unobservable | Weighted Unobservable | ||||||||||||
Convertible Notes | $ | 8,040,000 | Market | Discount | 21% | — | ||||||||||
Volatility | 60% | — | ||||||||||||||
Revenue Multiple | 4.25x | — | ||||||||||||||
Preferred Stocks | 258,881,976 | Market | Revenue Multiple | 3.00x - 30.00x | 17.40x | |||||||||||
Volatility | 50% - 75% | 62% | ||||||||||||||
Time to Exit | 4.0 - 5.0 | 4.3 | ||||||||||||||
Recent��Transactions | $ 22.67 | — | ||||||||||||||
Warrants | 94,199 | Market | Volatility | 38% | — | |||||||||||
Time to Exit
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$ | 396,653,693 | |||||||||||||||
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(a) | A significant change in unobservable input would have resulted in a correlated (inverse) significant change to value. |
Currency Abbreviation | ||
AUD | Australian Dollar | |
EUR | Euro | |
GBP | British Pound | |
JPY | Japanese Yen | |
USD | United States Dollar | |
Portfolio Abbreviation | ||
ADR | American Depositary Receipt | |
S&P | Standard & Poor’s |
9 |