Consolidated Schedule of Investments (unaudited) September 30, 2022 | BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
| |||||||
Automobiles — 2.8% | ||||||||
Tesla, Inc.(a)(b) | 108,657 | $ | 28,821,269 | |||||
|
| |||||||
Banks — 0.5% | ||||||||
Klarna Holdings AB, (Acquired 08/07/19, | 26,430 | 5,584,603 | ||||||
|
| |||||||
Capital Markets — 0.8% | ||||||||
S&P Global, Inc.(a) | 24,968 | 7,623,979 | ||||||
|
| |||||||
Diversified Consumer Services — 0.3% | ||||||||
Think & Learn Private Ltd., (Acquired 09/30/20, Cost: $1,524,948)(c)(d) | 997 | 2,896,869 | ||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 1.6% | ||||||||
CDW Corp.(a) | 46,408 | 7,243,361 | ||||||
Samsung SDI Co. Ltd. | 23,749 | 8,933,032 | ||||||
|
| |||||||
16,176,393 | ||||||||
Entertainment(a)(b) — 1.1% | ||||||||
Netflix, Inc. | 22,666 | 5,336,483 | ||||||
Roku, Inc. | 49,846 | 2,811,314 | ||||||
Spotify Technology SA | 38,793 | 3,347,836 | ||||||
|
| |||||||
11,495,633 | ||||||||
Hotels, Restaurants & Leisure — 0.3% | ||||||||
Airbnb, Inc., Class A(a)(b) | 30,705 | 3,225,253 | ||||||
|
| |||||||
Interactive Media & Services — 3.6% | ||||||||
Alphabet, Inc., Class A(a)(b) | 221,714 | 21,206,944 | ||||||
Kakao Corp. | 154,283 | 6,070,948 | ||||||
ZoomInfo Technologies, Inc., CLass A(a)(b) | 211,469 | 8,809,799 | ||||||
|
| |||||||
36,087,691 | ||||||||
Internet & Direct Marketing Retail — 3.6% | ||||||||
Alibaba Group Holding Ltd.(b) | 459,800 | 4,588,499 | ||||||
Amazon.com, Inc.(a)(b) | 165,219 | 18,669,747 | ||||||
Jasper Infotech Private Ltd., Series I, (Acquired 08/18/15, Cost: $1,998,435)(c)(d) | 168,640 | 153,131 | ||||||
Meituan, Class B(b)(e) | 237,600 | 4,993,507 | ||||||
MercadoLibre, Inc.(a)(b) | 9,140 | 7,565,909 | ||||||
|
| |||||||
35,970,793 | ||||||||
IT Services — 15.4% | ||||||||
Accenture PLC, Class A(a) | 34,184 | 8,795,543 | ||||||
Adyen NV(b)(e) | 5,642 | 7,036,484 | ||||||
Automatic Data Processing, Inc.(a) | 25,500 | 5,767,845 | ||||||
Automattic, Inc., Series E, (Acquired 02/03/21, Cost: $7,999,945)(c)(d) | 94,117 | 4,783,026 | ||||||
AvidXchange Holdings, Inc.(a)(b) | 302,335 | 2,545,661 | ||||||
Block, Inc.(a)(b) | 61,312 | 3,371,547 | ||||||
GMO Payment Gateway, Inc. | 64,700 | 4,435,253 | ||||||
Mastercard, Inc., Class A(a) | 93,087 | 26,468,357 | ||||||
MongoDB, Inc.(a)(b) | 33,099 | 6,572,137 | ||||||
Okta, Inc.(a)(b) | 73,455 | 4,177,386 | ||||||
PayPal Holdings, Inc.(a)(b) | 123,398 | 10,620,866 | ||||||
Salt Pay Co. Ltd., Series C, (Acquired 12/17/21, | 12,871 | 16,907,732 | ||||||
Snowflake, Inc., Class A(a)(b) | 13,175 | 2,239,223 | ||||||
Thoughtworks Holding, Inc.(a)(b) | 342,986 | 3,597,923 | ||||||
TRAX Ltd., (Acquired 09/12/19, | 106,667 | 3,692,811 | ||||||
TRAX Ltd., Series D, (Acquired 02/18/21, | 38,361 | 1,328,058 | ||||||
Twilio, Inc., Class A(a)(b) | 67,897 | 4,694,399 |
Security | Shares | Value | ||||||
IT Services (continued) | ||||||||
Visa, Inc., Class A(a) | 126,243 | $ | 22,427,069 | |||||
Voltron Data, Inc., Series A, (Acquired 01/18/22, Cost: $10,000,000)(c)(d) | 6,201,935 | 8,310,593 | ||||||
Wise PLC, Class A(b) | 1,075,013 | 7,845,827 | ||||||
|
| |||||||
155,617,740 | ||||||||
Machinery — 0.5% | ||||||||
Wuxi Lead Intelligent Equipment Co., Ltd., Class A | 719,470 | 4,742,215 | ||||||
|
| |||||||
Professional Services — 0.5% | ||||||||
Planet Labs PBC | 930,853 | 5,054,532 | ||||||
|
| |||||||
Road & Rail — 1.0% | ||||||||
Ant Group Co., Ltd., Series C, (Acquired 05/18/18, Cost: $6,492,863)(c)(d) | 1,703,548 | 4,906,218 | ||||||
Uber Technologies, Inc.(a)(b) | 188,033 | 4,982,875 | ||||||
|
| |||||||
9,889,093 | ||||||||
Semiconductors & Semiconductor Equipment — 16.3% | ||||||||
Advanced Micro Devices, Inc.(a)(b) | 114,513 | 7,255,544 | ||||||
Alphawave IP Group PLC(b) | 2,366,147 | 3,640,567 | ||||||
Analog Devices, Inc.(a) | 31,958 | 4,453,028 | ||||||
ASM International NV | 27,204 | 6,091,168 | ||||||
ASML Holding NV | 41,992 | 17,396,396 | ||||||
Broadcom, Inc.(a) | 23,580 | 10,469,756 | ||||||
Credo Technology Group Holding Ltd.(a)(b) | 997,925 | 10,977,175 | ||||||
Globalfoundries, Inc.(a)(b)(f) | 123,190 | 5,956,236 | ||||||
Lam Research Corp.(a) | 25,152 | 9,205,632 | ||||||
Marvell Technology, Inc.(a) | 482,482 | 20,703,303 | ||||||
Monolithic Power Systems, Inc.(a) | 22,499 | 8,176,137 | ||||||
NVIDIA Corp.(a) | 50,530 | 6,133,837 | ||||||
Qualcomm, Inc.(a) | 52,430 | 5,923,541 | ||||||
Soitec SA(b) | 99,085 | 11,313,925 | ||||||
STMicroelectronics NV | 207,649 | 6,453,160 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR(a) | 83,581 | 5,730,313 | ||||||
Wolfspeed, Inc.(a)(b) | 244,372 | 25,258,290 | ||||||
|
| |||||||
165,138,008 | ||||||||
Software — 21.2% | ||||||||
Adobe, Inc.(a)(b) | 10,379 | 2,856,301 | ||||||
ANSYS, Inc.(a)(b) | 35,186 | 7,800,736 | ||||||
AppLovin Corp., Class A(a)(b) | 132,373 | 2,579,950 | ||||||
Aspen Technology, Inc.(a)(b) | 29,439 | 7,012,370 | ||||||
Atlassian Corp. PLC, Class A(a)(b) | 40,449 | 8,518,155 | ||||||
Cadence Design Systems, Inc.(a)(b) | 109,188 | 17,844,595 | ||||||
Constellation Software, Inc. | 3,684 | 5,126,130 | ||||||
Crowdstrike Holdings, Inc., Class A(a)(b) | 43,876 | 7,231,204 | ||||||
CS Disco, Inc.(a)(b) | 215,329 | 2,153,290 | ||||||
Dassault Systemes SE | 144,641 | 4,993,739 | ||||||
Databricks, Inc., (Acquired 07/24/20, | 59,997 | 3,668,817 | ||||||
DataRobot, Inc., (Acquired 03/01/21, | 38,789 | 287,426 | ||||||
Elastic NV(a)(b) | 27,666 | 1,984,759 | ||||||
Gitlab, Inc., Class A(a)(b) | 138,420 | 7,089,872 | ||||||
Grammarly, Inc., (Acquired 11/17/21, | 715,323 | 13,076,104 | ||||||
Intuit, Inc.(a) | 33,520 | 12,982,966 | ||||||
Microsoft Corp.(a) | 260,059 | 60,567,741 | ||||||
Oracle Corp.(a) | 110,058 | 6,721,242 | ||||||
Patreon, Inc., (Acquired 08/19/21, | 59,524 | 1,650,601 | ||||||
Salesforce, Inc.(a)(b) | 26,262 | 3,777,526 |
1 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2022 | BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Software (continued) | ||||||||
ServiceNow, Inc.(a)(b) | 26,932 | $ | 10,169,793 | |||||
SiteMinder Ltd.(b) | 2,145,680 | 4,226,807 | ||||||
Snorkel AI, Inc., (Acquired 06/30/21, | 66,422 | 614,403 | ||||||
Snyk Ltd., (Acquired 09/02/21, | 361,972 | 4,159,058 | ||||||
Unity Software, Inc.(a)(b) | 114,284 | 3,641,088 | ||||||
Xero Ltd.(b) | 130,197 | 6,025,070 | ||||||
Zscaler, Inc.(a)(b) | 44,605 | 7,331,724 | ||||||
|
| |||||||
214,091,467 | ||||||||
Technology Hardware, Storage & Peripherals — 6.7% | ||||||||
Apple, Inc.(a) | 491,130 | 67,874,166 | ||||||
|
| |||||||
Total Common Stocks — 76.2% | 770,289,704 | |||||||
|
| |||||||
Par (000) | ||||||||
Convertible Notes | ||||||||
Software — 0.8% | ||||||||
Wyre, Inc., (Acquired: 12/14/21, | $ | 80 | 7,740,000 | |||||
|
| |||||||
Total Convertible Notes — 0.8% | 7,740,000 | |||||||
|
| |||||||
Shares | ||||||||
Preferred Securities | ||||||||
Preferred Stocks — 21.2%(c)(d) | ||||||||
Chemicals — 1.1% | ||||||||
Solugen, Inc., (Acquired 09/02/21, | 269,284 | 10,959,859 | ||||||
|
| |||||||
Diversified Consumer Services — 0.3% | ||||||||
Think & Learn Private Ltd., Series F, (Acquired 09/30/20, Cost: $3,052,975) | 1,054 | 3,062,487 | ||||||
|
| |||||||
Diversified Financial Services — 0.7% | ||||||||
Trumid Holdings LLC, Class L, (Acquired 10/18/22, Cost: $9,999,695), 07/16/22(g) | 11,420 | 7,490,378 | ||||||
|
| |||||||
Entertainment — 0.5% | ||||||||
Discord, Inc., Series I, (Acquired 09/13/21, Cost: $7,000,088) | 12,713 | 4,913,320 | ||||||
|
| |||||||
Food & Staples Retailing — 1.6% | ||||||||
Grubmarket, Inc., Series E, (Acquired 10/18/21, Cost: $6,999,994) | 709,724 | 15,670,706 | ||||||
|
| |||||||
Food Products — 1.0% | ||||||||
Farmer’s Business Network, Inc. | ||||||||
(Acquired 09/15/21, Cost: $6,999,963) | 112,616 | 5,789,589 | ||||||
Series F, (Acquired 07/31/20, | 90,750 | 4,665,457 | ||||||
|
| |||||||
10,455,046 | ||||||||
Interactive Media & Services — 1.5% | ||||||||
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $9,999,959) | 91,262 | 15,167,519 | ||||||
|
| |||||||
IT Services — 1.9% | ||||||||
Deep Instinct Ltd., Series D-2, (Acquired 03/19/21, Cost: $2,999,391) | 493,493 | 3,479,126 |
Security | Shares | Value | ||||||
IT Services (continued) | ||||||||
Trumid Holdings LLC(g) | ||||||||
Class J-A, (Acquired 10/18/22, | 5,038 | $ | 3,304,424 | |||||
Class J-B, (Acquired 10/18/22, | 5,038 | 3,304,424 | ||||||
Voltron Data, Inc., (Acquired 07/14/21, | 9,090,909 | 8,727,273 | ||||||
|
| |||||||
18,815,247 | ||||||||
Road & Rail — 0.4% | ||||||||
FlixMobility GmbH, Series F, (Acquired 07/26/19, Cost: $5,482,937) | 275 | 4,185,279 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 4.2% | ||||||||
PsiQuantum Corp. | ||||||||
Series C, (Acquired 09/09/19, | 690,003 | 14,214,062 | ||||||
Series C, (Acquired 05/21/21, | 190,650 | 4,844,416 | ||||||
Rivos, Inc., Series A, (Acquired 12/03/21, | 4,500,000 | 10,755,000 | ||||||
SambaNova Systems, Inc., Series C, (Acquired 02/20/20, Cost: $9,972,125) | 187,300 | 12,854,399 | ||||||
|
| |||||||
42,667,877 | ||||||||
Software — 8.0% | ||||||||
Bolt Financial, Inc., Series E, (Acquired 01/18/22, Cost: $29,999,955) | 598,682 | 19,319,468 | ||||||
Databricks, Inc. | ||||||||
Series F, (Acquired 10/22/19, Cost: $3,999,999) | 279,405 | 17,085,616 | ||||||
Series G, (Acquired 02/01/21, Cost: $4,500,001) | 76,113 | 4,654,310 | ||||||
DataRobot, Inc., Series F, (Acquired 10/27/20, Cost: $2,999,996) | 228,276 | 1,698,373 | ||||||
Grammarly, Inc., Series 3, (Acquired 11/17/21, Cost: $6,249,992) | 238,441 | 4,358,702 | ||||||
MNTN Digital, Inc., Series D, (Acquired 11/05/21, Cost: $24,999,980) | 1,088,598 | 13,357,097 | ||||||
Patreon, Inc., Series D, (Acquired 07/14/21, Cost: $6,666,632) | 119,047 | 3,301,173 | ||||||
Prosimo, Inc., Series B, (Acquired 11/04/21, Cost: $4,999,998) | 2,515,811 | 4,704,567 | ||||||
Snorkel AI, Inc., Series C, (Acquired 06/30/21, Cost: $4,999,985) | 332,896 | 3,079,288 | ||||||
Snyk Ltd., Series B, (Acquired 09/02/21, | 335,159 | 3,850,977 | ||||||
Unqork, Inc. | ||||||||
Series B, (Acquired 09/19/19, | 281,080 | 5,017,278 | ||||||
Series C, (Acquired 09/18/20, | 47,600 | 849,660 | ||||||
|
| |||||||
81,276,509 | ||||||||
|
| |||||||
214,664,227 | ||||||||
|
| |||||||
Total Preferred Securities — 21.2% | 214,664,227 | |||||||
|
| |||||||
Warrants | ||||||||
IT Services — 0.0% | ||||||||
TRAX Ltd., (Acquired 09/12/19, Cost: $0), (Issued 09/23/19, Exercisable 07/12/23, 1 Share for 1 Warrant, Expires 09/15/23, Strike Price USD 46.88)(b)(c)(d) | 17,065 | 49,659 | ||||||
|
| |||||||
Total Warrants — 0.0% | 49,659 | |||||||
|
| |||||||
Total Long-Term Investments — 98.2% | 992,743,590 | |||||||
|
|
CONSOLIDATED SCHEDULE OF INVESTMENTS | 2 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2022 | BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
| ||||||||
Short-Term Securities | ||||||||
Money Market Funds — 2.6% | ||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class, 2.79%(h)(i) | 24,437,314 | $ | 24,437,314 | |||||
SL Liquidity Series, LLC, Money Market Series, 3.29%(h)(i)(j) | 2,254,710 | 2,254,710 | ||||||
|
| |||||||
Total Short-Term Securities — 2.6% |
| 26,692,024 | ||||||
|
| |||||||
Total Investments Before Options Written — 100.8% |
| 1,019,435,614 | ||||||
|
| |||||||
Options Written — (0.4)% |
| (4,203,246 | ) | |||||
|
| |||||||
Total Investments, Net of Options Written — 100.4% |
| 1,015,232,368 | ||||||
Liabilities in Excess of Other Assets — (0.4)% |
| (3,961,543 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 1,011,270,825 | ||||||
|
|
(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 $294,473,336, representing 29.1% of its net assets as of period end, and an original cost of $308,260,455. |
(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) | All or a portion of this security is on loan. |
(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 September 30, 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 09/30/22 | Shares Held at 09/30/22 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class | $ | 42,574,872 | $ | — | $ (18,137,558 | )(a) | $ | — | $ | — | $ | 24,437,314 | 24,437,314 | $ | 220,901 | $ | — | |||||||||||||||||||
SL Liquidity Series, LLC, Money Market Series | 840,396 | 1,414,239 | (a) | — | (75 | ) | 150 | 2,254,710 | 2,254,710 | 28,366 | (b) | — | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (75 | ) | $ | 150 | $ | 26,692,024 | $ | 249,267 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | ||||||||||||||||||||||||||||
Adobe, Inc. | 14 | 10/07/22 | USD | 400.00 | USD | 385 | $ | (70 | ) | |||||||||||||||||||
Advanced Micro Devices, Inc. | 187 | 10/07/22 | USD | 102.00 | USD | 1,185 | (187 | ) | ||||||||||||||||||||
Airbnb, Inc., Class A | 66 | 10/07/22 | USD | 121.00 | USD | 693 | (627 | ) | ||||||||||||||||||||
Alphabet, Inc., Class A | 520 | 10/07/22 | USD | 115.00 | USD | 4,974 | (780 | ) | ||||||||||||||||||||
Amazon.com, Inc. | 78 | 10/07/22 | USD | 133.00 | USD | 881 | (234 | ) | ||||||||||||||||||||
Analog Devices, Inc. | 56 | 10/07/22 | USD | 160.00 | USD | 780 | (280 | ) | ||||||||||||||||||||
Apple, Inc. | 157 | 10/07/22 | USD | 173.35 | USD | 2,170 | — | |||||||||||||||||||||
Apple, Inc. | 183 | 10/07/22 | USD | 172.87 | USD | 2,529 | — | |||||||||||||||||||||
Atlassian Corp. PLC, Class A | 46 | 10/07/22 | USD | 285.00 | USD | 969 | (4,600 | ) | ||||||||||||||||||||
Automatic Data Processing, Inc. | 12 | 10/07/22 | USD | 245.00 | USD | 271 | (150 | ) | ||||||||||||||||||||
Block, Inc. | 81 | 10/07/22 | USD | 77.00 | USD | 445 | (162 | ) | ||||||||||||||||||||
Broadcom, Inc. | 17 | 10/07/22 | USD | 555.00 | USD | 755 | (170 | ) | ||||||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 55 | 10/07/22 | USD | 190.00 | USD | 906 | (935 | ) |
3 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 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) | ||||||||||||||||||||||||||||
Intuit, Inc. | 10 | 10/07/22 | USD | 485.00 | USD | 387 | $ | (1,500 | ) | |||||||||||||||||||
Lam Research Corp. | 54 | 10/07/22 | USD | 510.00 | USD | 1,976 | (216 | ) | ||||||||||||||||||||
Marvell Technology, Inc. | 922 | 10/07/22 | USD | 52.00 | USD | 3,956 | (1,383 | ) | ||||||||||||||||||||
Mastercard, Inc., Class A | 120 | 10/07/22 | USD | 340.00 | USD | 3,412 | (4,800 | ) | ||||||||||||||||||||
Microsoft Corp. | 133 | 10/07/22 | USD | 265.00 | USD | 3,098 | (599 | ) | ||||||||||||||||||||
MongoDB, Inc. | 38 | 10/07/22 | USD | 390.00 | USD | 755 | (2,850 | ) | ||||||||||||||||||||
Netflix, Inc. | 21 | 10/07/22 | USD | 240.00 | USD | 494 | (12,075 | ) | ||||||||||||||||||||
NVIDIA Corp. | 89 | 10/07/22 | USD | 185.00 | USD | 1,080 | (89 | ) | ||||||||||||||||||||
PayPal Holdings, Inc. | 138 | 10/07/22 | USD | 97.00 | USD | 1,188 | (1,725 | ) | ||||||||||||||||||||
S&P Global, Inc. | 14 | 10/07/22 | USD | 365.00 | USD | 427 | (2,800 | ) | ||||||||||||||||||||
ServiceNow, Inc. | 48 | 10/07/22 | USD | 475.00 | USD | 1,813 | (1,920 | ) | ||||||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 127 | 10/07/22 | USD | 87.00 | USD | 871 | (127 | ) | ||||||||||||||||||||
Uber Technologies, Inc. | 375 | 10/07/22 | USD | 32.00 | USD | 994 | (563 | ) | ||||||||||||||||||||
Unity Software, Inc. | 89 | 10/07/22 | USD | 45.00 | USD | 284 | (623 | ) | ||||||||||||||||||||
Visa, Inc., Class A | 157 | 10/07/22 | USD | 215.00 | USD | 2,789 | (1,570 | ) | ||||||||||||||||||||
Zscaler, Inc. | 27 | 10/07/22 | USD | 172.50 | USD | 444 | (6,075 | ) | ||||||||||||||||||||
Amazon.com, Inc. | 287 | 10/14/22 | USD | 135.00 | USD | 3,243 | (2,583 | ) | ||||||||||||||||||||
Apple, Inc. | 244 | 10/14/22 | USD | 165.00 | USD | 3,372 | (1,342 | ) | ||||||||||||||||||||
Atlassian Corp. PLC, Class A | 42 | 10/14/22 | USD | 260.00 | USD | 884 | (2,205 | ) | ||||||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 70 | 10/14/22 | USD | 185.00 | USD | 1,154 | (8,995 | ) | ||||||||||||||||||||
Lam Research Corp. | 35 | 10/14/22 | USD | 460.00 | USD | 1,281 | (578 | ) | ||||||||||||||||||||
Marvell Technology, Inc. | 440 | 10/14/22 | USD | 52.00 | USD | 1,888 | (3,740 | ) | ||||||||||||||||||||
Mastercard, Inc., Class A | 41 | 10/14/22 | USD | 335.00 | USD | 1,166 | (984 | ) | ||||||||||||||||||||
MercadoLibre, Inc. | 19 | 10/14/22 | USD | 1,050.00 | USD | 1,573 | (3,943 | ) | ||||||||||||||||||||
MongoDB, Inc. | 30 | 10/14/22 | USD | 270.00 | USD | 596 | (1,200 | ) | ||||||||||||||||||||
MongoDB, Inc. | 26 | 10/14/22 | USD | 275.00 | USD | 516 | (585 | ) | ||||||||||||||||||||
NVIDIA Corp. | 93 | 10/14/22 | USD | 150.00 | USD | 1,129 | (1,674 | ) | ||||||||||||||||||||
Okta, Inc. | 231 | 10/14/22 | USD | 70.00 | USD | 1,314 | (5,313 | ) | ||||||||||||||||||||
Oracle Corp. | 85 | 10/14/22 | USD | 77.00 | USD | 519 | (1,020 | ) | ||||||||||||||||||||
Oracle Corp. | 309 | 10/14/22 | USD | 78.00 | USD | 1,887 | (4,326 | ) | ||||||||||||||||||||
Roku, Inc. | 57 | 10/14/22 | USD | 80.00 | USD | 321 | (485 | ) | ||||||||||||||||||||
Salesforce, Inc. | 52 | 10/14/22 | USD | 165.00 | USD | 748 | (1,456 | ) | ||||||||||||||||||||
ServiceNow, Inc. | 23 | 10/14/22 | USD | 500.00 | USD | 869 | (3,220 | ) | ||||||||||||||||||||
Snowflake, Inc., Class A | 24 | 10/14/22 | USD | 195.00 | USD | 408 | (4,380 | ) | ||||||||||||||||||||
Spotify Technology SA | 55 | 10/14/22 | USD | 114.00 | USD | 475 | (688 | ) | ||||||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 77 | 10/14/22 | USD | 84.00 | USD | 528 | (385 | ) | ||||||||||||||||||||
Tesla, Inc. | 53 | 10/14/22 | USD | 305.00 | USD | 1,406 | (11,103 | ) | ||||||||||||||||||||
Tesla, Inc. | 60 | 10/14/22 | USD | 310.00 | USD | 1,592 | (9,510 | ) | ||||||||||||||||||||
Twilio, Inc., Class A | 36 | 10/14/22 | USD | 78.00 | USD | 249 | (3,996 | ) | ||||||||||||||||||||
Zscaler, Inc. | 40 | 10/14/22 | USD | 177.50 | USD | 657 | (12,280 | ) | ||||||||||||||||||||
Adobe, Inc. | 18 | 10/21/22 | USD | 425.00 | USD | 495 | (180 | ) | ||||||||||||||||||||
Advanced Micro Devices, Inc. | 176 | 10/21/22 | USD | 90.00 | USD | 1,115 | (968 | ) | ||||||||||||||||||||
Airbnb, Inc., Class A | 22 | 10/21/22 | USD | 120.00 | USD | 231 | (2,629 | ) | ||||||||||||||||||||
Alphabet, Inc., Class A | 128 | 10/21/22 | USD | 117.50 | USD | 1,224 | (832 | ) | ||||||||||||||||||||
Analog Devices, Inc. | 25 | 10/21/22 | USD | 160.00 | USD | 348 | (563 | ) | ||||||||||||||||||||
ANSYS, Inc. | 80 | 10/21/22 | USD | 290.00 | USD | 1,774 | (1,200 | ) | ||||||||||||||||||||
Apple, Inc. | 357 | 10/21/22 | USD | 170.00 | USD | 4,934 | (2,499 | ) | ||||||||||||||||||||
Apple, Inc. | 82 | 10/21/22 | USD | 165.00 | USD | 1,133 | (984 | ) | ||||||||||||||||||||
Apple, Inc. | 157 | 10/21/22 | USD | 148.00 | USD | 2,170 | (27,161 | ) | ||||||||||||||||||||
Applovin Corp., Class A | 421 | 10/21/22 | USD | 35.00 | USD | 821 | (4,210 | ) | ||||||||||||||||||||
Aspen Technology, Inc. | 9 | 10/21/22 | USD | 230.00 | USD | 214 | (13,770 | ) | ||||||||||||||||||||
Automatic Data Processing, Inc. | 51 | 10/21/22 | USD | 237.50 | USD | 1,154 | (10,965 | ) | ||||||||||||||||||||
Block, Inc. | 49 | 10/21/22 | USD | 105.00 | USD | 269 | (196 | ) | ||||||||||||||||||||
Cadence Design Systems, Inc. | 222 | 10/21/22 | USD | 180.00 | USD | 3,628 | (22,200 | ) | ||||||||||||||||||||
CDW Corp. | 121 | 10/21/22 | USD | 190.00 | USD | 1,889 | (58,080 | ) | ||||||||||||||||||||
Credo Technology Group Holding Ltd. | 963 | 10/21/22 | USD | 17.50 | USD | 1,059 | (14,445 | ) | ||||||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 30 | 10/21/22 | USD | 200.00 | USD | 494 | (2,205 | ) | ||||||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 42 | 10/21/22 | USD | 190.00 | USD | 692 | (7,140 | ) | ||||||||||||||||||||
CS Disco, Inc. | 968 | 10/21/22 | USD | 17.50 | USD | 968 | (19,360 | ) | ||||||||||||||||||||
Elastic NV | 118 | 10/21/22 | USD | 85.00 | USD | 847 | (10,325 | ) | ||||||||||||||||||||
Gitlab, Inc., Class A | 294 | 10/21/22 | USD | 75.00 | USD | 1,506 | (3,675 | ) | ||||||||||||||||||||
Globalfoundries, Inc. | 553 | 10/21/22 | USD | 65.00 | USD | 2,674 | (5,530 | ) |
CONSOLIDATED SCHEDULE OF INVESTMENTS | 4 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 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) | ||||||||||||||||||||||||||||
Intuit, Inc. | 101 | 10/21/22 | USD | 460.00 | USD | 3,912 | $ | (9,090 | ) | |||||||||||||||||||
Mastercard, Inc., Class A | 75 | 10/21/22 | USD | 350.00 | USD | 2,133 | (975 | ) | ||||||||||||||||||||
Monolithic Power Systems, Inc. | 39 | 10/21/22 | USD | 530.00 | USD | 1,417 | (18,720 | ) | ||||||||||||||||||||
Monolithic Power Systems, Inc. | 21 | 10/21/22 | USD | 440.00 | USD | 763 | (7,350 | ) | ||||||||||||||||||||
Netflix, Inc. | 11 | 10/21/22 | USD | 255.00 | USD | 259 | (12,182 | ) | ||||||||||||||||||||
Qualcomm, Inc. | 133 | 10/21/22 | USD | 140.00 | USD | 1,503 | (1,397 | ) | ||||||||||||||||||||
Roku, Inc. | 55 | 10/21/22 | USD | 100.00 | USD | 310 | (193 | ) | ||||||||||||||||||||
S&P Global, Inc. | 45 | 10/21/22 | USD | 380.00 | USD | 1,374 | (12,375 | ) | ||||||||||||||||||||
Snowflake, Inc., Class A | 35 | 10/21/22 | USD | 182.50 | USD | 595 | (22,925 | ) | ||||||||||||||||||||
Spotify Technology SA | 68 | 10/21/22 | USD | 115.00 | USD | 587 | (1,190 | ) | ||||||||||||||||||||
Tesla, Inc. | 51 | 10/21/22 | USD | 300.00 | USD | 1,353 | (28,177 | ) | ||||||||||||||||||||
Thoughtworks Holding, Inc. | 101 | 10/21/22 | USD | 15.00 | USD | 106 | (1,515 | ) | ||||||||||||||||||||
Twilio, Inc., Class A | 35 | 10/21/22 | USD | 100.00 | USD | 242 | (403 | ) | ||||||||||||||||||||
Unity Software, Inc. | 200 | 10/21/22 | USD | 55.00 | USD | 637 | (700 | ) | ||||||||||||||||||||
Visa, Inc., Class A | 121 | 10/21/22 | USD | 220.00 | USD | 2,150 | (908 | ) | ||||||||||||||||||||
Visa, Inc., Class A | 90 | 10/21/22 | USD | 210.00 | USD | 1,599 | (720 | ) | ||||||||||||||||||||
Wolfspeed, Inc. | 240 | 10/21/22 | USD | 110.00 | USD | 2,481 | (94,800 | ) | ||||||||||||||||||||
Wolfspeed, Inc. | 121 | 10/21/22 | USD | 120.00 | USD | 1,251 | (18,755 | ) | ||||||||||||||||||||
Wolfspeed, Inc. | 239 | 10/21/22 | USD | 130.00 | USD | 2,470 | (13,145 | ) | ||||||||||||||||||||
ZoomInfo Technologies, Inc., Class A | 535 | 10/21/22 | USD | 50.00 | USD | 2,229 | (14,712 | ) | ||||||||||||||||||||
Zscaler, Inc. | 34 | 10/21/22 | USD | 185.00 | USD | 559 | (9,622 | ) | ||||||||||||||||||||
Accenture PLC, Class A | 54 | 10/28/22 | USD | 275.00 | USD | 1,389 | (14,985 | ) | ||||||||||||||||||||
Adobe, Inc. | 14 | 10/28/22 | USD | 300.00 | USD | 385 | (5,810 | ) | ||||||||||||||||||||
Advanced Micro Devices, Inc. | 152 | 10/28/22 | USD | 76.00 | USD | 963 | (9,348 | ) | ||||||||||||||||||||
Airbnb, Inc., Class A | 50 | 10/28/22 | USD | 115.00 | USD | 525 | (15,300 | ) | ||||||||||||||||||||
Amazon.com, Inc. | 378 | 10/28/22 | USD | 134.00 | USD | 4,271 | (28,539 | ) | ||||||||||||||||||||
Analog Devices, Inc. | 62 | 10/28/22 | USD | 155.00 | USD | 864 | (6,200 | ) | ||||||||||||||||||||
Apple, Inc. | 357 | 10/28/22 | USD | 160.00 | USD | 4,934 | (23,383 | ) | ||||||||||||||||||||
Apple, Inc. | 23 | 10/28/22 | USD | 157.50 | USD | 318 | (2,151 | ) | ||||||||||||||||||||
Block, Inc. | 145 | 10/28/22 | USD | 73.00 | USD | 797 | (6,598 | ) | ||||||||||||||||||||
Broadcom, Inc. | 26 | 10/28/22 | USD | 555.00 | USD | 1,154 | (585 | ) | ||||||||||||||||||||
Intuit, Inc. | 19 | 10/28/22 | USD | 440.00 | USD | 736 | (7,457 | ) | ||||||||||||||||||||
Lam Research Corp. | 24 | 10/28/22 | USD | 450.00 | USD | 878 | (3,456 | ) | ||||||||||||||||||||
Marvell Technology, Inc. | 440 | 10/28/22 | USD | 52.00 | USD | 1,888 | (14,300 | ) | ||||||||||||||||||||
Marvell Technology, Inc. | 78 | 10/28/22 | USD | 50.00 | USD | 335 | (4,407 | ) | ||||||||||||||||||||
MercadoLibre, Inc. | 15 | 10/28/22 | USD | 915.00 | USD | 1,242 | (42,825 | ) | ||||||||||||||||||||
Microsoft Corp. | 432 | 10/28/22 | USD | 255.00 | USD | 10,061 | (128,088 | ) | ||||||||||||||||||||
MongoDB, Inc. | 28 | 10/28/22 | USD | 300.00 | USD | 556 | (6,300 | ) | ||||||||||||||||||||
Okta, Inc. | 12 | 10/28/22 | USD | 73.00 | USD | 68 | (540 | ) | ||||||||||||||||||||
PayPal Holdings, Inc. | 136 | 10/28/22 | USD | 100.00 | USD | 1,171 | (14,484 | ) | ||||||||||||||||||||
S&P Global, Inc. | 53 | 10/28/22 | USD | 330.00 | USD | 1,618 | (23,982 | ) | ||||||||||||||||||||
Salesforce, Inc. | 100 | 10/28/22 | USD | 170.00 | USD | 1,438 | (6,500 | ) | ||||||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 172 | 10/28/22 | USD | 78.00 | USD | 1,179 | (8,600 | ) | ||||||||||||||||||||
Tesla, Inc. | 64 | 10/28/22 | USD | 305.00 | USD | 1,698 | (41,600 | ) | ||||||||||||||||||||
Unity Software, Inc. | 190 | 10/28/22 | USD | 39.00 | USD | 605 | (17,100 | ) | ||||||||||||||||||||
Zscaler, Inc. | 54 | 10/28/22 | USD | 180.00 | USD | 888 | (28,890 | ) | ||||||||||||||||||||
Alphabet, Inc., Class A | 175 | 11/04/22 | USD | 104.00 | USD | 1,674 | (34,825 | ) | ||||||||||||||||||||
Apple, Inc. | 158 | 11/04/22 | USD | 162.50 | USD | 2,184 | (10,665 | ) | ||||||||||||||||||||
Atlassian Corp. PLC, Class A | 84 | 11/04/22 | USD | 240.00 | USD | 1,769 | (74,760 | ) | ||||||||||||||||||||
Automatic Data Processing, Inc. | 51 | 11/04/22 | USD | �� | 245.00 | USD | 1,154 | (13,770 | ) | |||||||||||||||||||
Crowdstrike Holdings, Inc., Class A | 44 | 11/04/22 | USD | 180.00 | USD | 725 | (26,400 | ) | ||||||||||||||||||||
Intuit, Inc. | 20 | 11/04/22 | USD | 420.00 | USD | 775 | (18,400 | ) | ||||||||||||||||||||
Marvell Technology, Inc. | 291 | 11/04/22 | USD | 48.00 | USD | 1,249 | (35,793 | ) | ||||||||||||||||||||
Mastercard, Inc., Class A | 182 | 11/04/22 | USD | 305.00 | USD | 5,175 | (98,280 | ) | ||||||||||||||||||||
MercadoLibre, Inc. | 7 | 11/04/22 | USD | 950.00 | USD | 579 | (22,260 | ) | ||||||||||||||||||||
Microsoft Corp. | 173 | 11/04/22 | USD | 250.00 | USD | 4,029 | (81,310 | ) | ||||||||||||||||||||
MongoDB, Inc. | 60 | 11/04/22 | USD | 230.00 | USD | 1,191 | (45,900 | ) | ||||||||||||||||||||
Netflix, Inc. | 32 | 11/04/22 | USD | 260.00 | USD | 753 | (38,640 | ) | ||||||||||||||||||||
NVIDIA Corp. | 95 | 11/04/22 | USD | 140.00 | USD | 1,153 | (25,032 | ) | ||||||||||||||||||||
Okta, Inc. | 43 | 11/04/22 | USD | 62.00 | USD | 245 | (11,889 | ) | ||||||||||||||||||||
Oracle Corp. | 101 | 11/04/22 | USD | 66.00 | USD | 617 | (6,414 | ) | ||||||||||||||||||||
PayPal Holdings, Inc. | 281 | 11/04/22 | USD | 93.00 | USD | 2,419 | (98,350 | ) |
5 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 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) | ||||||||||||||||||||||||||||
Roku, Inc. | 57 | 11/04/22 | USD | 68.00 | USD | 321 | $ | (17,100 | ) | |||||||||||||||||||
ServiceNow, Inc. | 25 | 11/04/22 | USD | 420.00 | USD | 944 | (26,875 | ) | ||||||||||||||||||||
Spotify Technology SA | 51 | 11/04/22 | USD | 98.00 | USD | 440 | (16,320 | ) | ||||||||||||||||||||
Tesla, Inc. | 61 | 11/04/22 | USD | 315.00 | USD | 1,618 | (37,210 | ) | ||||||||||||||||||||
Twilio, Inc., Class A | 95 | 11/04/22 | USD | 81.00 | USD | 657 | (32,300 | ) | ||||||||||||||||||||
Unity Software, Inc. | 149 | 11/04/22 | USD | 40.00 | USD | 475 | (17,209 | ) | ||||||||||||||||||||
Visa, Inc., Class A | 102 | 11/04/22 | USD | 190.00 | USD | 1,812 | (32,844 | ) | ||||||||||||||||||||
Zscaler, Inc. | 34 | 11/04/22 | USD | 185.00 | USD | 559 | (18,445 | ) | ||||||||||||||||||||
Gitlab, Inc., Class A | 344 | 11/09/22 | USD | 56.70 | USD | 1,762 | (105,042 | ) | ||||||||||||||||||||
Accenture PLC, Class A | 99 | 11/11/22 | USD | 275.00 | USD | 2,547 | (43,560 | ) | ||||||||||||||||||||
Alphabet, Inc., Class A | 175 | 11/11/22 | USD | 105.00 | USD | 1,674 | (36,225 | ) | ||||||||||||||||||||
Microsoft Corp. | 173 | 11/11/22 | USD | 250.00 | USD | 4,029 | (94,717 | ) | ||||||||||||||||||||
Netflix, Inc. | 37 | 11/11/22 | USD | 260.00 | USD | 871 | (48,655 | ) | ||||||||||||||||||||
Tesla, Inc. | 135 | 11/11/22 | USD | 300.00 | USD | 3,581 | (154,912 | ) | ||||||||||||||||||||
Applovin Corp., Class A | 403 | 11/18/22 | USD | 30.00 | USD | 785 | (17,127 | ) | ||||||||||||||||||||
Atlassian Corp. PLC, Class A | 10 | 11/18/22 | USD | 280.00 | USD | 211 | (3,300 | ) | ||||||||||||||||||||
AvidXchange Holdings, Inc. | 434 | 11/18/22 | USD | 10.00 | USD | 365 | (14,105 | ) | ||||||||||||||||||||
Broadcom, Inc. | 57 | 11/18/22 | USD | 530.00 | USD | 2,531 | (11,257 | ) | ||||||||||||||||||||
Cadence Design Systems, Inc. | 270 | 11/18/22 | USD | 180.00 | USD | 4,413 | (101,250 | ) | ||||||||||||||||||||
CDW Corp. | 87 | 11/18/22 | USD | 182.00 | USD | 1,358 | (13,978 | ) | ||||||||||||||||||||
Credo Technology Group Holding Ltd. | 855 | 11/18/22 | USD | 17.50 | USD | 941 | (21,375 | ) | ||||||||||||||||||||
Credo Technology Group Holding Ltd. | 965 | 11/18/22 | USD | 13.60 | USD | 1,062 | (39,161 | ) | ||||||||||||||||||||
Elastic NV | 6 | 11/18/22 | USD | 90.00 | USD | 43 | (1,050 | ) | ||||||||||||||||||||
Gitlab, Inc., Class A | 123 | 11/18/22 | USD | 65.00 | USD | 630 | (19,680 | ) | ||||||||||||||||||||
Monolithic Power Systems, Inc. | 41 | 11/18/22 | USD | 450.00 | USD | 1,490 | (28,700 | ) | ||||||||||||||||||||
Okta, Inc. | 44 | 11/18/22 | USD | 65.00 | USD | 250 | (12,144 | ) | ||||||||||||||||||||
Qualcomm, Inc. | 50 | 11/18/22 | USD | 135.00 | USD | 565 | (7,400 | ) | ||||||||||||||||||||
Roku, Inc. | 55 | 11/18/22 | USD | 90.00 | USD | 310 | (4,373 | ) | ||||||||||||||||||||
ServiceNow, Inc. | 25 | 11/18/22 | USD | 510.00 | USD | 944 | (5,063 | ) | ||||||||||||||||||||
Tesla, Inc. | 64 | 11/18/22 | USD | 306.67 | USD | 1,698 | (68,320 | ) | ||||||||||||||||||||
Thoughtworks Holding, Inc. | 686 | 11/18/22 | USD | 15.00 | USD | 720 | (24,010 | ) | ||||||||||||||||||||
Twilio, Inc., Class A | 139 | 11/18/22 | USD | 90.00 | USD | 961 | (31,414 | ) | ||||||||||||||||||||
Visa, Inc., Class A | 98 | 11/18/22 | USD | 205.00 | USD | 1,741 | (11,368 | ) | ||||||||||||||||||||
Wolfspeed, Inc. | 250 | 11/18/22 | USD | 114.75 | USD | 2,584 | (163,273 | ) | ||||||||||||||||||||
ZoomInfo Technologies, Inc., Class A | 417 | 11/18/22 | USD | 49.00 | USD | 1,737 | (57,511 | ) | ||||||||||||||||||||
Zscaler, Inc. | 27 | 11/18/22 | USD | 185.00 | USD | 444 | (20,452 | ) | ||||||||||||||||||||
Zscaler, Inc. | 29 | 11/18/22 | USD | 200.00 | USD | 477 | (11,890 | ) | ||||||||||||||||||||
|
| |||||||||||||||||||||||||||
$ | (3,085,803 | ) | ||||||||||||||||||||||||||
|
|
OTC Options Written
Description | Counterparty | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | ||||||||||||||||||||||||
Call | ||||||||||||||||||||||||||||||
Soitec SA | Morgan Stanley & Co. International PLC | 2,250 | 10/05/22 | EUR | 166.06 | EUR | 267 | $ | — | |||||||||||||||||||||
Thoughtworks Holding, Inc. | Barclays Bank PLC | 12,800 | 10/05/22 | USD | 17.94 | USD | 134 | — | ||||||||||||||||||||||
GMO Payment Gateway, Inc. | UBS AG | 8,200 | 10/11/22 | JPY | 11,697.00 | JPY | 81,590 | (142 | ) | |||||||||||||||||||||
Soitec SA | Morgan Stanley & Co. International PLC | 2,250 | 10/12/22 | EUR | 166.06 | EUR | 267 | (4 | ) | |||||||||||||||||||||
Soitec SA | UBS AG | 1,800 | 10/12/22 | EUR | 163.66 | EUR | 214 | (3 | ) | |||||||||||||||||||||
Kakao Corp. | Goldman Sachs International | 37,600 | 10/18/22 | USD | 78,540.00 | USD | 2,146,960 | (528 | ) | |||||||||||||||||||||
Meituan, Class B | Bank of America N.A. | 52,000 | 10/18/22 | HKD | 179.20 | HKD | 8,611 | (22,395 | ) | |||||||||||||||||||||
Samsung SDI Co. Ltd. | Goldman Sachs International | 10,600 | 10/18/22 | USD | 616,350.00 | USD | 5,787,600 | (9,420 | ) | |||||||||||||||||||||
Soitec SA | UBS AG | 7,100 | 10/18/22 | EUR | 140.64 | EUR | 842 | (2,149 | ) | |||||||||||||||||||||
GMO Payment Gateway, Inc. | JPMorgan Chase Bank N.A. | 12,800 | 10/19/22 | JPY | 11,328.59 | JPY | 127,360 | (2,717 | ) | |||||||||||||||||||||
ANSYS, Inc. | Citibank N.A. | 7,800 | 11/01/22 | USD | 264.01 | USD | 1,729 | (6,883 | ) | |||||||||||||||||||||
Kakao Corp. | BNP Paribas SA | 29,300 | 11/02/22 | USD | 73,502.17 | USD | 1,673,030 | (777 | ) | |||||||||||||||||||||
SiteMinder Ltd. | UBS AG | 22,000 | 11/02/22 | AUD | 3.62 | AUD | 68 | (1,037 | ) | |||||||||||||||||||||
Soitec SA | JPMorgan Chase Bank N.A. | 3,400 | 11/02/22 | EUR | 149.19 | EUR | 403 | (1,036 | ) | |||||||||||||||||||||
Wise PLC, Class A | Goldman Sachs International | 150,000 | 11/02/22 | GBP | 5.80 | GBP | 991 | (162,455 | ) | |||||||||||||||||||||
Xero Ltd. | UBS AG | 8,500 | 11/02/22 | AUD | 97.29 | AUD | 625 | (574 | ) |
CONSOLIDATED SCHEDULE OF INVESTMENTS | 6 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 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) | ||||||||||||||||||||||||||||||
Thoughtworks Holding, Inc. | Citibank N.A. | 40,500 | 11/03/22 | USD | 13.58 | USD | 425 | $ | (3,111 | ) | ||||||||||||||||||||
Alibaba Group Holding Ltd. | Bank of America N.A. | 107,600 | 11/04/22 | HKD | 92.49 | HKD | 8,387 | (17,394 | ) | |||||||||||||||||||||
ASML Holding NV | Barclays Bank PLC | 18,000 | 11/04/22 | EUR | 494.88 | EUR | 7,805 | (88,644 | ) | |||||||||||||||||||||
STMicroelectronics NV | UBS AG | 18,300 | 11/04/22 | EUR | 37.30 | EUR | 590 | (5,314 | ) | |||||||||||||||||||||
Alphawave IP Group PLC | Goldman Sachs International | 62,000 | 11/08/22 | GBP | 1.59 | GBP | 85 | (2,966 | ) | |||||||||||||||||||||
Meituan, Class B | BNP Paribas SA | 54,900 | 11/08/22 | HKD | 179.50 | HKD | 9,091 | (47,632 | ) | |||||||||||||||||||||
Wolfspeed, Inc. | JPMorgan Chase Bank N.A. | 24,300 | 11/08/22 | USD | 114.84 | USD | 2,512 | (146,671 | ) | |||||||||||||||||||||
Alibaba Group Holding Ltd. | BNP Paribas SA | 99,300 | 11/10/22 | HKD | 88.79 | HKD | 7,740 | (29,317 | ) | |||||||||||||||||||||
ASM International NV | Credit Suisse International | 12,200 | 11/10/22 | EUR | 279.48 | EUR | 2,852 | (36,289 | ) | |||||||||||||||||||||
Dassault Systèmes SE | Morgan Stanley & Co. International PLC | 65,000 | 11/10/22 | EUR | 36.50 | EUR | 2,323 | (78,607 | ) | |||||||||||||||||||||
SiteMinder Ltd. | UBS AG | 9,000 | 11/10/22 | AUD | 3.53 | AUD | 28 | (669 | ) | |||||||||||||||||||||
Soitec SA | Goldman Sachs International | 14,000 | 11/10/22 | EUR | 134.89 | EUR | 1,661 | (27,708 | ) | |||||||||||||||||||||
STMicroelectronics NV | JPMorgan Chase Bank N.A. | 39,100 | 11/10/22 | EUR | 36.83 | EUR | 1,261 | (17,969 | ) | |||||||||||||||||||||
Wuxi Lead Intelligent Equipment Co., Ltd., Class A | JPMorgan Chase Bank N.A. | 107,000 | 11/10/22 | USD | 53.87 | USD | 5,035 | (10,784 | ) | |||||||||||||||||||||
Adyen NV | Goldman Sachs International | 2,500 | 11/15/22 | EUR | 1,357.44 | EUR | 3,255 | (162,313 | ) | |||||||||||||||||||||
GMO Payment Gateway, Inc. | BNP Paribas SA | 8,200 | 11/15/22 | JPY | 10,429.94 | JPY | 81,590 | (20,025 | ) | |||||||||||||||||||||
SiteMinder Ltd | Societe Generale | 46,000 | 11/15/22 | AUD | 3.13 | AUD | 142 | (7,653 | ) | |||||||||||||||||||||
Soitec SA | Goldman Sachs International | 14,000 | 11/15/22 | EUR | 134.89 | EUR | 1,661 | (32,024 | ) | |||||||||||||||||||||
Wuxi Lead Intelligent Equipment Co., Ltd., Class A | UBS AG | 216,700 | 11/15/22 | USD | 53.09 | USD | 10,198 | (29,881 | ) | |||||||||||||||||||||
Xero Ltd. | UBS AG | 50,000 | 11/15/22 | AUD | 82.84 | AUD | 3,676 | (53,955 | ) | |||||||||||||||||||||
STMicroelectronics NV | JPMorgan Chase Bank N.A. | 36,000 | 11/17/22 | EUR | 35.01 | EUR | 1,161 | (34,500 | ) | |||||||||||||||||||||
Wise PLC, Class A | Morgan Stanley & Co. International PLC | 100,000 | 11/17/22 | GBP | 7.27 | GBP | 661 | (45,659 | ) | |||||||||||||||||||||
Thoughtworks Holding, Inc. | Citibank N.A. | 22,300 | 11/29/22 | USD | 12.66 | USD | 234 | (8,238 | ) | |||||||||||||||||||||
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$ | (1,117,443 | ) | ||||||||||||||||||||||||||||
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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 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 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.
7 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2022 | BlackRock Science and Technology Trust (BST)
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Fair Value Hierarchy as of Period End (continued)
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 | $ | 28,821,269 | $ | — | $ | — | $ | 28,821,269 | ||||||||
Banks | — | — | 5,584,603 | 5,584,603 | ||||||||||||
Capital Markets | 7,623,979 | — | — | 7,623,979 | ||||||||||||
Diversified Consumer Services | — | — | 2,896,869 | 2,896,869 | ||||||||||||
Electronic Equipment, Instruments & Components | 7,243,361 | 8,933,032 | — | 16,176,393 | ||||||||||||
Entertainment | 11,495,633 | — | — | 11,495,633 | ||||||||||||
Hotels, Restaurants & Leisure | 3,225,253 | — | — | 3,225,253 | ||||||||||||
Interactive Media & Services | 30,016,743 | 6,070,948 | — | 36,087,691 | ||||||||||||
Internet & Direct Marketing Retail | 26,235,656 | 9,582,006 | 153,131 | 35,970,793 | ||||||||||||
IT Services | 101,277,956 | 19,317,564 | 35,022,220 | 155,617,740 | ||||||||||||
Machinery | — | 4,742,215 | — | 4,742,215 | ||||||||||||
Professional Services | — | 5,054,532 | — | 5,054,532 | ||||||||||||
Road & Rail | 4,982,875 | — | 4,906,218 | 9,889,093 | ||||||||||||
Semiconductors & Semiconductor Equipment | 123,883,359 | 41,254,649 | — | 165,138,008 | ||||||||||||
Software | 175,389,442 | 15,245,616 | 23,456,409 | 214,091,467 | ||||||||||||
Technology Hardware, Storage & Peripherals | 67,874,166 | — | — | 67,874,166 | ||||||||||||
Convertible Notes | — | — | 7,740,000 | 7,740,000 | ||||||||||||
Preferred Securities | ||||||||||||||||
Preferred Stocks | — | — | 214,664,227 | 214,664,227 | ||||||||||||
Warrants | — | — | 49,659 | 49,659 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 24,437,314 | — | — | 24,437,314 | ||||||||||||
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$ | 612,507,006 | $ | 110,200,562 | $ | 294,473,336 | 1,017,180,904 | ||||||||||
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Investments Valued at NAV(a) | 2,254,710 | |||||||||||||||
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$ | 1,019,435,614 | |||||||||||||||
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Derivative Financial Instruments(b) | ||||||||||||||||
Equity Contracts | $ | — | $ | — | $ | — | $ | — | ||||||||
Liabilities | ||||||||||||||||
Equity Contracts | (2,706,838 | ) | (1,496,408 | ) | — | (4,203,246 | ) | |||||||||
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$ | (2,706,838 | ) | $ | (1,496,408 | ) | $ | — | $ | (4,203,246 | ) | ||||||
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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) | (57,412,212 | ) | (260,000 | ) | (50,120,791 | ) | (68,090 | ) | (107,861,093 | ) | ||||||||||
Purchases | 11,998,434 | — | 29,999,955 | — | 41,998,389 | |||||||||||||||
Sales | (1,998,435 | ) | — | (5,404,499 | ) | — | (7,402,934 | ) | ||||||||||||
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Closing balance, as of September 30, 2022 | $ | 72,019,450 | $ | 7,740,000 | $ | 214,664,227 | $ | 49,659 | $ | 294,473,336 | ||||||||||
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Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2022(a) | $ | (59,157,939 | ) | $ | (260,000 | ) | $ | (47,149,593 | ) | $ | (68,089 | ) | $ | (106,635,621 | ) | |||||
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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, 2022 is generally due to investments no longer held or categorized as Level 3 at period end. |
CONSOLIDATED SCHEDULE OF INVESTMENTS | 8 |
Consolidated Schedule of Investments (unaudited) (continued) September 30, 2022 | BlackRock Science and Technology Trust (BST) |
The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock 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 | $ | 72,019,450 | Market | Revenue Multiple | 3.00x - 28.00x | 11.70x | ||||||||||||
Volatility | 44% - 75% | 63% | ||||||||||||||||
Time to Exit | 1.0 - 4.0 years | 2.9 years | ||||||||||||||||
Income | Exit Multiple | 9.50x | — | |||||||||||||||
Discount | 15% | — | ||||||||||||||||
Convertible Notes | 7,740,000 | Income | Discount Rate | 21% | — | |||||||||||||
Market | Volatility | 80% | — | |||||||||||||||
Revenue Multiple | 3.50x | — | ||||||||||||||||
Preferred Stocks | 214,664,227 | Market | Revenue Multiple | 3.15x - 29.00x | 13.96x | |||||||||||||
Volatility | 50% - 75% | 62% | ||||||||||||||||
Time to Exit | 3.0 - 5.0 years | 4.1 years | ||||||||||||||||
Market Adjustment Multiple | 0.90x - 1.00x | 0.96x | ||||||||||||||||
Gross Profit Multiple | 11.89x | — | ||||||||||||||||
Warrants | 49,659 | Market | Volatility | 44% | — | |||||||||||||
Time to Exit | 1.0 year | — | ||||||||||||||||
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| |||||||||||||||||
$ | 294,473,336 | |||||||||||||||||
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(a) | A significant change in unobservable input would have resulted in a correlated (inverse) significant change to value. |
The fund valued certain of its Level 3 investments using recent prior transaction prices as the best approximation of fair value. The value of Level 3 investments obtained using recent prior transaction prices, for which inputs are unobservable, is $14,438,985 as of September 30, 2022.
Currency Abbreviation | ||
AUD | Australian Dollar | |
EUR | Euro | |
GBP | British Pound | |
HKD | Hong Kong Dollar | |
JPY | Japanese Yen | |
USD | United States Dollar | |
Portfolio Abbreviation | ||
ADR | American Depositary Receipt | |
S&P | Standard & Poor’s |
9 |