Schedule of Investments (unaudited) March 31, 2022 | BlackRock Innovation and Growth Trust (BIGZ) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
| |||||||
Aerospace & Defense — 4.4% |
| |||||||
Axon Enterprise, Inc.(a)(b) | 620,297 | $ | 85,433,506 | |||||
HEICO Corp. | 339,811 | 52,174,581 | ||||||
|
| |||||||
137,608,087 | ||||||||
Auto Components — 1.6% | ||||||||
Fox Factory Holding Corp.(b) | 497,765 | 48,756,082 | ||||||
|
| |||||||
Biotechnology(b) — 1.7% | ||||||||
Halozyme Therapeutics, Inc. | 1,011,821 | 40,351,421 | ||||||
Natera, Inc. | 285,939 | 11,631,999 | ||||||
|
| |||||||
51,983,420 | ||||||||
Building Products — 1.5% | ||||||||
AZEK Co., Inc.(b) | 1,883,271 | 46,780,452 | ||||||
|
| |||||||
Chemicals — 1.3% | ||||||||
Amyris, Inc.(a)(b) | 9,535,672 | 41,575,529 | ||||||
|
| |||||||
Diversified Consumer Services(b) — 3.6% | ||||||||
Bright Horizons Family Solutions, Inc. | 42,067 | 5,581,870 | ||||||
Duolingo, Inc. | 606,627 | 57,696,294 | ||||||
Ideal Image, Class A, (Acquired 05/05/21, | 6,224 | 47,080,248 | ||||||
|
| |||||||
110,358,412 | ||||||||
Electrical Equipment — 1.3% | ||||||||
Shoals Technologies Group, Inc., Class A(b) | 2,459,009 | 41,901,513 | ||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 1.8% | ||||||||
908 Devices, Inc.(b)(e) | 2,180,936 | 41,459,593 | ||||||
Halma PLC | 490,623 | 16,051,762 | ||||||
|
| |||||||
57,511,355 | ||||||||
Entertainment — 1.7% | ||||||||
Kahoot! ASA(b) | 16,643,163 | 51,730,223 | ||||||
|
| |||||||
Equity Real Estate Investment Trusts (REITs) — 1.6% | ||||||||
Innovative Industrial Properties, Inc. | 105,572 | 21,684,489 | ||||||
Rexford Industrial Realty, Inc. | 364,316 | 27,174,330 | ||||||
|
| |||||||
48,858,819 | ||||||||
Food Products — 1.8% | ||||||||
Freshpet, Inc.(b) | 537,055 | 55,123,325 | ||||||
|
| |||||||
Health Care Equipment & Supplies(b) — 3.7% | ||||||||
Figs, Inc., Class A | 2,019,099 | 43,451,010 | ||||||
Inmode Ltd. | 310,110 | 11,446,160 | ||||||
Outset Medical, Inc. | 937,077 | 42,543,296 | ||||||
Pulmonx Corp. | 710,943 | 17,638,496 | ||||||
|
| |||||||
115,078,962 | ||||||||
Health Care Technology(b) — 4.4% | ||||||||
Certara, Inc. | 2,038,068 | 43,777,701 | ||||||
Health Catalyst, Inc. | 1,078,326 | 28,176,658 | ||||||
Phreesia, Inc.(a)(f) | 2,429,672 | 64,046,154 | ||||||
|
| |||||||
136,000,513 | ||||||||
Hotels, Restaurants & Leisure — 4.1% | ||||||||
Evolution AB(g) | 180,937 | 18,407,501 | ||||||
Penn National Gaming, Inc.(a)(b) | 1,079,647 | 45,798,626 | ||||||
Planet Fitness, Inc., Class A(b)(f) | 683,153 | 57,712,765 | ||||||
Wingstop, Inc. | 56,982 | 6,686,838 | ||||||
|
| |||||||
128,605,730 |
Security | Shares | Value | ||||||
Internet & Direct Marketing Retail — 2.0% | ||||||||
Fiverr International Ltd.(b) | 816,242 | $ | 62,091,529 | |||||
|
| |||||||
IT Services(b) — 6.4% | ||||||||
DigitalOcean Holdings, Inc. | 1,205,966 | 69,765,133 | ||||||
Globant SA | 308,321 | 80,801,685 | ||||||
Salt Pay Co., Ltd., Series C, (Acquired 11/16/21, Cost: $49,999,974)(c)(d) | 25,742 | 46,778,105 | ||||||
|
| |||||||
197,344,923 | ||||||||
Life Sciences Tools & Services — 8.6% | ||||||||
10X Genomics, Inc., Class A(b)(f) | 825,102 | 62,765,509 | ||||||
Azenta, Inc. | 617,277 | 51,159,918 | ||||||
Bio-Techne Corp.(f) | 200,167 | 86,680,318 | ||||||
Olink Holding AB, ADR(b) | 1,334,665 | 23,570,184 | ||||||
Repligen Corp.(b) | 200,338 | 37,681,574 | ||||||
Seer, Inc., Class A(b) | 270,191 | 4,117,711 | ||||||
|
| |||||||
265,975,214 | ||||||||
Machinery — 1.8% | ||||||||
Chart Industries, Inc.(b) | 329,944 | 56,674,481 | ||||||
|
| |||||||
Road & Rail — 1.3% | ||||||||
Saia, Inc.(b) | 170,928 | 41,675,665 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 8.9% | ||||||||
Ambarella, Inc.(b) | 632,200 | 66,330,424 | ||||||
Entegris, Inc.(f) | 756,743 | 99,330,086 | ||||||
Lattice Semiconductor Corp.(b) | 285,008 | 17,371,238 | ||||||
Monolithic Power Systems, Inc.(a) | 189,263 | 91,921,254 | ||||||
|
| |||||||
274,953,002 | ||||||||
Software(b) — 17.6% | ||||||||
Avalara, Inc.(a)(f) | 834,522 | 83,043,284 | ||||||
Bill.Com Holdings, Inc. | 456,531 | 103,536,665 | ||||||
Blackline, Inc. | 304,049 | 22,262,468 | ||||||
Five9, Inc.(a) | 790,619 | 87,284,338 | ||||||
Gitlab, Inc., Class A(h) | 909,791 | 49,538,120 | ||||||
Grammarly, Inc., (Acquired 11/17/21, | 1,001,454 | 26,438,386 | ||||||
nCino, Inc. | 691,461 | 28,336,072 | ||||||
Patreon, Inc., (Acquired 08/19/21, | 208,333 | 9,939,567 | ||||||
Paylocity Holding Corp.(a) | 338,353 | 69,622,897 | ||||||
SiteMinder Ltd. | 11,802,990 | 40,161,540 | ||||||
Snorkel AI, Inc., (Acquired 06/30/21, | 199,738 | 2,730,418 | ||||||
Snyk Ltd., (Acquired 09/02/21, | 1,809,860 | 22,804,236 | ||||||
|
| |||||||
545,697,991 | ||||||||
Specialty Retail — 0.2% | ||||||||
Leslie’s, Inc.(b) | 274,132 | 5,307,196 | ||||||
|
| |||||||
Total Common Stocks — 81.3% | 2,521,592,423 | |||||||
|
|
1 |
|
Schedule of Investments (unaudited) (continued) March 31, 2022 | BlackRock Innovation and Growth Trust (BIGZ) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Convertible Notes | ||||||||
Specialty Retail — 0.4% | ||||||||
Super73, Inc. (Acquired: 12/21/21, | $ | 12,000 | $ | 12,000,000 | ||||
|
| |||||||
Total Convertible Notes — 0.4% | 12,000,000 | |||||||
|
| |||||||
Shares | ||||||||
Preferred Securities | ||||||||
Preferred Stocks — 18.9%(b)(c)(d) |
| |||||||
Aerospace & Defense — 1.5% | ||||||||
Relativity Space, Inc., Series E, (Acquired 05/27/21, Cost: $50,000,009) | 2,189,612 | 45,631,514 | ||||||
|
| |||||||
Banks — 0.8% | ||||||||
Varo Money Inc., Series E, (Acquired 08/27/21, Cost: $40,000,001) | 4,316,904 | 24,131,494 | ||||||
|
| |||||||
Capital Markets — 1.7% | ||||||||
The Production Board LLC, Series A3, (Acquired 06/04/21, Cost: $50,000,001) | 16,666,667 | 52,000,001 | ||||||
|
| |||||||
Entertainment — 0.4% | ||||||||
Discord, Inc., Series I, (Acquired 09/13/21, Cost: $17,999,912) | 32,690 | 13,785,700 | ||||||
|
| |||||||
Food Products — 1.0% | ||||||||
Motif Food Works, Inc., (Acquired 06/08/21, Cost: $39,999,986) | 1,972,240 | 31,023,335 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure — 1.0% | ||||||||
Dapper Labs, Inc., Series 7, (Acquired 07/20/21, Cost: $29,999,945) | 191,067 | 26,185,732 | ||||||
Underdog Sports Inc., Series B, (Acquired 01/11/22, Cost: $4,109,441) | 79,740 | 4,032,452 | ||||||
|
| |||||||
30,218,184 | ||||||||
Internet Software & Services — 0.8% | ||||||||
Via Transportation, Inc., Series G, (Acquired 11/05/21, Cost: $24,999,974) | 549,357 | 23,875,055 | ||||||
|
| |||||||
IT Services — 0.8% | ||||||||
Open Space Labs Inc., Series D, (Acquired 01/31/22, Cost: $15,000,003) | 1,687,916 | 15,005,573 | ||||||
Wagestream Holdings Ltd., Series C, (Acquired 02/11/22, Cost: $10,024,684) | 762,746 | 9,716,611 | ||||||
|
| |||||||
24,722,184 | ||||||||
Leisure Products — 1.5% | ||||||||
Under Canvas, Inc., Class A, (Acquired 08/19/21, Cost: $49,999,982) | 2,172,486 | 48,685,411 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 1.5% | ||||||||
PsiQuantum Corp., Series C, (Acquired 05/21/21, Cost: $39,999,991) | 1,525,192 | 39,304,198 | ||||||
Rivos, Series A, (Acquired 12/03/21, Cost: $7,996,292) | 999,228 | 7,863,924 | ||||||
|
| |||||||
47,168,122 | ||||||||
Software — 7.1% | ||||||||
Anchor Labs, Inc. , Series D, (Acquired 11/24/21, Cost: $9,999,995) | 428,785 | 9,351,801 |
Security | Shares | Value | ||||||
Software (continued) | ||||||||
AnyRoad, Inc., Series B, (Acquired 12/07/21, Cost: $14,999,995) | 2,745,894 | $ | 14,635,615 | |||||
Bolt Financial Inc., Series E, (Acquired 01/18/22, Cost: $44,999,983) | 898,024 | 44,999,983 | ||||||
Deepgram, Inc., Series B, (Acquired 10/22/21, Cost: $11,999,997) | 2,165,400 | 11,714,814 | ||||||
Dragos, Inc., Series D, (Acquired 09/28/21, Cost: $39,999,959) | 900,760 | 37,849,935 | ||||||
Genesys Cloud Services, Inc., (Acquired 11/24/21, Cost: $30,000,101) | 4,651,163 | 26,837,210 | ||||||
Grammarly, Inc., Series 3, (Acquired 11/17/21, Cost: $8,750,004) | 333,818 | 8,812,795 | ||||||
Patreon, Inc., Series D, (Acquired 07/14/21, Cost: $23,333,352) | 416,667 | 19,879,183 | ||||||
SkySafe, Inc., Series B, (Acquired 12/02/21, Cost: $4,999,999) | 909,438 | 5,238,363 | ||||||
Snorkel AI, Inc., Series C, (Acquired 06/30/21, Cost: $10,999,994) | 732,373 | 10,011,539 | ||||||
Snyk Ltd., Series B, (Acquired 09/02/21, Cost: $24,038,470) | 1,675,797 | 21,115,042 | ||||||
Validere Technologies Inc., Series B, (Acquired 10/21/21, Cost: $10,000,000) | 4,684,060 | 9,977,048 | ||||||
|
| |||||||
220,423,328 | ||||||||
Wireless Telecommunication Services — 0.8% | ||||||||
Loft Orbital Solutions, Inc., Series B, (Acquired 10/14/21, Cost: $24,999,992) | 1,365,305 | 26,773,631 | ||||||
|
| |||||||
588,437,959 | ||||||||
Total Preferred Securities — 18.9% | 588,437,959 | |||||||
|
| |||||||
Total Long-Term Investments — 100.6% | 3,122,030,382 | |||||||
|
| |||||||
Short-Term Securities | ||||||||
Money Market Funds — 0.1% | ||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.21%(e)(i) | 1,553,197 | 1,553,197 | ||||||
SL Liquidity Series, LLC, Money Market Series, 0.43%(e)(i)(j) | 1,117,083 | 1,116,748 | ||||||
|
| |||||||
Total Short-Term Securities — 0.1% |
| 2,669,945 | ||||||
|
| |||||||
Total Investments Before Options Written — 100.7% (Cost: $4,003,684,140) |
| 3,124,700,327 | ||||||
|
| |||||||
Options Written — (0.5)% |
| (14,780,229 | ) | |||||
|
| |||||||
Total Investments, Net of Options Written — 100.2% (Cost: $3,988,603,922) |
| 3,109,920,098 | ||||||
Liabilities in Excess of Other Assets — (0.2)% |
| (7,039,599 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 3,102,880,499 | ||||||
|
|
(a) | All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives. |
(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 $756,208,919, representing 24.4% of its net assets as of period end, and an original cost of $818,196,318. |
(e) | Affiliate of the Trust. |
S C H E D U L E O F I N V E S T M E N T S | 2 |
Schedule of Investments (unaudited) (continued) March 31, 2022 | BlackRock Innovation and Growth Trust (BIGZ) |
(f) | All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written. |
(g) | 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. |
(h) | All or a portion of this security is on loan. |
(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 | |||||||||||||||||||||||||||
908 Devices, Inc. | $ | 59,749,533 | $ | — | $ | (2,016,034 | ) | $ | (4,971,935 | ) | $ | (11,301,971 | ) | $ | 41,459,593 | 2,180,936 | $ | — | $ | — | ||||||||||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class | 1,836,203 | — | (283,006 | )(a) | — | — | 1,553,197 | 1,553,197 | 505 | — | ||||||||||||||||||||||||||
SL Liquidity Series, LLC, Money Market Series | 5,204,477 | — | (4,086,425 | )(a) | (1,831 | ) | 527 | 1,116,748 | 1,117,083 | 3,961 | (b) | — | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (4,973,766 | ) | $ | (11,301,444 | ) | $ | 44,129,538 | $ | 4,466 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | ||||||||||||||||||||||||
Ambarella, Inc. | 117 | 04/01/22 | USD | 165.00 | USD | 1,228 | $ | (7,020 | ) | |||||||||||||||
Axon Enterprise, Inc. | 207 | 04/04/22 | USD | 161.00 | USD | 2,851 | (7 | ) | ||||||||||||||||
Lattice Semiconductor Corp. | 404 | 04/04/22 | USD | 58.50 | USD | 2,462 | (118,462 | ) | ||||||||||||||||
Ambarella, Inc. | 214 | 04/08/22 | USD | 115.00 | USD | 2,245 | (19,795 | ) | ||||||||||||||||
Penn National Gaming, Inc. | 453 | 04/08/22 | USD | 52.00 | USD | 1,922 | (2,492 | ) | ||||||||||||||||
10X Genomics, Inc., Class A | 235 | 04/14/22 | USD | 100.00 | USD | 1,788 | (21,150 | ) | ||||||||||||||||
10X Genomics, Inc., Class A | 114 | 04/14/22 | USD | 80.00 | USD | 867 | (29,925 | ) | ||||||||||||||||
908 Devices, Inc. | 825 | 04/14/22 | USD | 20.00 | USD | 1,568 | (80,437 | ) | ||||||||||||||||
Ambarella, Inc. | 76 | 04/14/22 | USD | 170.00 | USD | 797 | (5,700 | ) | ||||||||||||||||
Avalara, Inc. | 80 | 04/14/22 | USD | 115.00 | USD | 796 | (4,200 | ) | ||||||||||||||||
Axon Enterprise, Inc. | 205 | 04/14/22 | USD | 155.00 | USD | 2,823 | (11,275 | ) | ||||||||||||||||
AZEK Co., Inc. | 347 | 04/14/22 | USD | 35.00 | USD | 862 | (1,735 | ) | ||||||||||||||||
AZEK Co., Inc. | 1,037 | 04/14/22 | USD | 30.00 | USD | 2,576 | (93,330 | ) | ||||||||||||||||
Bill.Com Holdings, Inc. | 250 | 04/14/22 | USD | 254.00 | USD | 5,670 | (128,283 | ) | ||||||||||||||||
Bio-Techne Corp. | 90 | 04/14/22 | USD | 410.00 | USD | 3,897 | (252,000 | ) | ||||||||||||||||
Blackline, Inc. | 196 | 04/14/22 | USD | 85.00 | USD | 1,435 | (4,900 | ) | ||||||||||||||||
Blackline, Inc. | 160 | 04/14/22 | USD | 75.00 | USD | 1,172 | (24,400 | ) | ||||||||||||||||
Bright Horizons Family Solutions, Inc. | 50 | 04/14/22 | USD | 135.00 | USD | 663 | (15,125 | ) | ||||||||||||||||
Brooks Automation, Inc. | 358 | 04/14/22 | USD | 95.00 | USD | 2,967 | (53,700 | ) | ||||||||||||||||
Chart Industries, Inc. | 294 | 04/14/22 | USD | 125.00 | USD | 5,050 | (1,389,150 | ) | ||||||||||||||||
DigitalOcean Holdings, Inc. | 106 | 04/14/22 | USD | 70.00 | USD | 613 | (3,710 | ) | ||||||||||||||||
DigitalOcean Holdings, Inc. | 400 | 04/14/22 | USD | 75.00 | USD | 2,314 | (7,000 | ) | ||||||||||||||||
DigitalOcean Holdings, Inc. | 523 | 04/14/22 | USD | 55.00 | USD | 3,026 | (261,500 | ) | ||||||||||||||||
Duolingo, Inc., Class A | 150 | 04/14/22 | USD | 105.00 | USD | 1,427 | (27,750 | ) | ||||||||||||||||
Duolingo, Inc., Class A | 229 | 04/14/22 | USD | 90.00 | USD | 2,178 | (200,375 | ) | ||||||||||||||||
Entegris, Inc. | 573 | 04/14/22 | USD | 140.00 | USD | 7,521 | (51,570 | ) | ||||||||||||||||
Figs, Inc., Class A | 900 | 04/14/22 | USD | 22.50 | USD | 1,937 | (72,000 | ) | ||||||||||||||||
Figs, Inc., Class A | 305 | 04/14/22 | USD | 20.00 | USD | 656 | (62,525 | ) |
3 |
|
Schedule of Investments (unaudited) (continued) March 31, 2022 | BlackRock Innovation and Growth Trust (BIGZ) |
Exchange-Traded Options Written (continued)
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||
Call (continued) | ||||||||||||||||||||||||
Five9, Inc. | 287 | 04/14/22 | USD | 140.00 | USD | 3,168 | $ | (6,458 | ) | |||||||||||||||
Fiverr International Ltd. | 147 | 04/14/22 | USD | 110.00 | USD | 1,118 | (3,675 | ) | ||||||||||||||||
Fiverr International Ltd. | 146 | 04/14/22 | USD | 85.00 | USD | 1,111 | (20,440 | ) | ||||||||||||||||
Fiverr International Ltd. | 322 | 04/14/22 | USD | 80.00 | USD | 2,449 | (85,330 | ) | ||||||||||||||||
Fox Factory Holding Corp. | 455 | 04/14/22 | USD | 135.00 | USD | 4,457 | (218,400 | ) | ||||||||||||||||
Freshpet, Inc. | 404 | 04/14/22 | USD | 110.00 | USD | 4,147 | (54,540 | ) | ||||||||||||||||
Gitlab, Inc., Class A | 370 | 04/14/22 | USD | 75.00 | USD | 2,015 | (10,175 | ) | ||||||||||||||||
Gitlab, Inc., Class A | 515 | 04/14/22 | USD | 50.00 | USD | 2,804 | (332,175 | ) | ||||||||||||||||
Gitlab, Inc., Class A | 301 | 04/14/22 | USD | 70.00 | USD | 1,639 | (14,298 | ) | ||||||||||||||||
Globant SA | 123 | 04/14/22 | USD | 290.00 | USD | 3,223 | (33,210 | ) | ||||||||||||||||
Halozyme Therapeutics, Inc. | 118 | 04/14/22 | USD | 36.00 | USD | 471 | (47,495 | ) | ||||||||||||||||
Health Catalyst, Inc. | 350 | 04/14/22 | USD | 35.00 | USD | 915 | (61,250 | ) | ||||||||||||||||
HEICO Corp. | 263 | 04/14/22 | USD | 150.00 | USD | 4,038 | (149,910 | ) | ||||||||||||||||
Inmode Ltd. | 161 | 04/14/22 | USD | 50.00 | USD | 594 | (2,415 | ) | ||||||||||||||||
Lattice Semiconductor Corp. | 10 | 04/14/22 | USD | 70.00 | USD | 61 | (275 | ) | ||||||||||||||||
Monolithic Power Systems, Inc. | 160 | 04/14/22 | USD | 510.00 | USD | 7,771 | (112,000 | ) | ||||||||||||||||
Natera, Inc. | 216 | 04/14/22 | USD | 80.00 | USD | 879 | (1,080 | ) | ||||||||||||||||
Natera, Inc. | 216 | 04/14/22 | USD | 40.00 | USD | 879 | (65,340 | ) | ||||||||||||||||
Olink Holding AB, ADR | 512 | 04/14/22 | USD | 25.00 | USD | 904 | (140,800 | ) | ||||||||||||||||
Olink Holding AB, ADR | 506 | 04/14/22 | USD | 20.00 | USD | 894 | (20,240 | ) | ||||||||||||||||
Outset Medical, Inc. | 513 | 04/14/22 | USD | 39.71 | USD | 2,329 | (325,260 | ) | ||||||||||||||||
Paylocity Holding Corp. | 261 | 04/14/22 | USD | 220.00 | USD | 5,371 | (65,250 | ) | ||||||||||||||||
Phreesia, Inc. | 750 | 04/14/22 | USD | 40.00 | USD | 1,977 | (3,750 | ) | ||||||||||||||||
Phreesia, Inc. | 811 | 04/14/22 | USD | 35.00 | USD | 2,138 | (36,495 | ) | ||||||||||||||||
Planet Fitness, Inc., Class A | 388 | 04/14/22 | USD | 97.50 | USD | 3,278 | (4,850 | ) | ||||||||||||||||
Pulmonx Corp. | 706 | 04/14/22 | USD | 30.00 | USD | 1,752 | (240,040 | ) | ||||||||||||||||
Repligen Corp. | 117 | 04/14/22 | USD | 200.00 | USD | 2,201 | (42,120 | ) | ||||||||||||||||
Rexford Industrial Realty, Inc. | 315 | 04/14/22 | USD | 75.00 | USD | 2,350 | (44,888 | ) | ||||||||||||||||
Seer, Inc., Class A | 209 | 04/14/22 | USD | 15.00 | USD | 319 | (28,738 | ) | ||||||||||||||||
Shoals Technologies Group, Inc., Class A | 870 | 04/14/22 | USD | 20.00 | USD | 1,482 | (17,400 | ) | ||||||||||||||||
Shoals Technologies Group, Inc., Class A | 1,140 | 04/14/22 | USD | 17.50 | USD | 1,943 | (82,650 | ) | ||||||||||||||||
Shoals Technologies Group, Inc., Class A | 298 | 04/14/22 | USD | 15.00 | USD | 508 | (68,540 | ) | ||||||||||||||||
Wingstop, Inc. | 61 | 04/14/22 | USD | 166.00 | USD | 716 | (29,280 | ) | ||||||||||||||||
Halozyme Therapeutics, Inc. | 416 | 04/21/22 | USD | 38.00 | USD | 1,659 | (108,583 | ) | ||||||||||||||||
Ambarella, Inc. | 157 | 04/22/22 | USD | 110.00 | USD | 1,647 | (62,015 | ) | ||||||||||||||||
Penn National Gaming, Inc. | 188 | 04/22/22 | USD | 54.00 | USD | 797 | (3,290 | ) | ||||||||||||||||
Penn National Gaming, Inc. | 417 | 04/22/22 | USD | 46.00 | USD | 1,769 | (37,947 | ) | ||||||||||||||||
Ambarella, Inc. | 123 | 04/29/22 | USD | 100.00 | USD | 1,291 | (118,080 | ) | ||||||||||||||||
Penn National Gaming, Inc. | 579 | 04/29/22 | USD | 46.00 | USD | 2,456 | (70,348 | ) | ||||||||||||||||
Ambarella, Inc. | 104 | 05/06/22 | USD | 110.00 | USD | 1,091 | (57,720 | ) | ||||||||||||||||
10X Genomics, Inc., Class A | 545 | 05/20/22 | USD | 85.00 | USD | 4,146 | (288,850 | ) | ||||||||||||||||
10X Genomics, Inc., Class A | 228 | 05/20/22 | USD | 90.00 | USD | 1,734 | (126,540 | ) | ||||||||||||||||
908 Devices, Inc. | 500 | 05/20/22 | USD | 22.50 | USD | 951 | (45,000 | ) | ||||||||||||||||
Ambarella, Inc. | 157 | 05/20/22 | USD | 110.00 | USD | 1,647 | (105,975 | ) | ||||||||||||||||
Avalara, Inc. | 400 | 05/20/22 | USD | 110.00 | USD | 3,980 | (172,000 | ) | ||||||||||||||||
Avalara, Inc. | 782 | 05/20/22 | USD | 90.00 | USD | 7,782 | (1,110,440 | ) | ||||||||||||||||
Axon Enterprise, Inc. | 290 | 05/20/22 | USD | 132.00 | USD | 3,994 | (396,322 | ) | ||||||||||||||||
Bill.Com Holdings, Inc. | 192 | 05/20/22 | USD | 240.00 | USD | 4,354 | (420,480 | ) | ||||||||||||||||
Bio-Techne Corp. | 70 | 05/20/22 | USD | 430.00 | USD | 3,031 | (192,500 | ) | ||||||||||||||||
Blackline, Inc. | 250 | 05/20/22 | USD | 85.00 | USD | 1,831 | (26,875 | ) | ||||||||||||||||
Bright Horizons Family Solutions, Inc. | 20 | 05/20/22 | USD | 145.00 | USD | 265 | (4,700 | ) | ||||||||||||||||
Brooks Automation, Inc. | 305 | 05/20/22 | USD | 100.00 | USD | 2,528 | (62,525 | ) | ||||||||||||||||
Certara, Inc. | 500 | 05/20/22 | USD | 25.00 | USD | 1,074 | (40,000 | ) | ||||||||||||||||
Chart Industries, Inc. | 206 | 05/20/22 | USD | 177.00 | USD | 3,538 | (215,826 | ) | ||||||||||||||||
DigitalOcean Holdings, Inc. | 800 | 05/20/22 | USD | 80.00 | USD | 4,628 | (100,000 | ) | ||||||||||||||||
Duolingo, Inc., Class A | 191 | 05/20/22 | USD | 100.00 | USD | 1,817 | (169,035 | ) | ||||||||||||||||
Duolingo, Inc., Class A | 229 | 05/20/22 | USD | 95.00 | USD | 2,178 | (251,900 | ) | ||||||||||||||||
Entegris, Inc. | 574 | 05/20/22 | USD | 150.00 | USD | 7,534 | (123,410 | ) | ||||||||||||||||
Figs, Inc., Class A | 1,223 | 05/20/22 | USD | 22.50 | USD | 2,632 | (256,830 | ) | ||||||||||||||||
Five9, Inc. | 400 | 05/20/22 | USD | 115.00 | USD | 4,416 | (296,000 | ) | ||||||||||||||||
Fiverr International Ltd. | 147 | 05/20/22 | USD | 95.00 | USD | 1,118 | (45,202 | ) | ||||||||||||||||
Fox Factory Holding Corp. | 300 | 05/20/22 | USD | 115.00 | USD | 2,939 | (92,250 | ) |
S C H E D U L E O F I N V E S T M E N T S | 4 |
Schedule of Investments (unaudited) (continued) March 31, 2022 | BlackRock Innovation and Growth Trust (BIGZ) |
Exchange-Traded Options Written (continued)
Description | Number of Contracts | Expiration Date | Exercise Price | Notional | Value | |||||||||||||||||||
Call (continued) | ||||||||||||||||||||||||
Freshpet, Inc. | 410 | 05/20/22 | USD | 110.00 | USD | 4,208 | $ | (227,550 | ) | |||||||||||||||
Globant SA | 194 | 05/20/22 | USD | 280.00 | USD | 5,084 | (241,530 | ) | ||||||||||||||||
Halozyme Therapeutics, Inc. | 500 | 05/20/22 | USD | 40.00 | USD | 1,994 | (112,500 | ) | ||||||||||||||||
Health Catalyst, Inc. | 320 | 05/20/22 | USD | 30.00 | USD | 836 | (22,400 | ) | ||||||||||||||||
HEICO Corp. | 252 | 05/20/22 | USD | 150.00 | USD | 3,869 | (228,060 | ) | ||||||||||||||||
Inmode Ltd. | 309 | 05/20/22 | USD | 42.50 | USD | 1,141 | (55,620 | ) | ||||||||||||||||
Innovative Industrial Properties, Inc. | 74 | 05/20/22 | USD | 220.00 | USD | 1,520 | (45,880 | ) | ||||||||||||||||
Innovative Industrial Properties, Inc. | 86 | 05/20/22 | USD | 210.00 | USD | 1,766 | (87,290 | ) | ||||||||||||||||
Lattice Semiconductor Corp. | 18 | 05/20/22 | USD | 65.00 | USD | 110 | (6,210 | ) | ||||||||||||||||
Leslie’s, Inc. | 233 | 05/20/22 | USD | 23.00 | USD | 451 | (9,903 | ) | ||||||||||||||||
Monolithic Power Systems, Inc. | 127 | 05/20/22 | USD | 500.00 | USD | 6,168 | (363,220 | ) | ||||||||||||||||
nCino, Inc. | 565 | 05/20/22 | USD | 55.00 | USD | 2,315 | (57,912 | ) | ||||||||||||||||
Olink Holding AB, ADR | 503 | 05/20/22 | USD | 22.50 | USD | 888 | (44,013 | ) | ||||||||||||||||
Olink Holding AB, ADR | 503 | 05/20/22 | USD | 16.95 | USD | 888 | (153,243 | ) | ||||||||||||||||
Outset Medical, Inc. | 522 | 05/20/22 | USD | 45.00 | USD | 2,370 | (258,390 | ) | ||||||||||||||||
Outset Medical, Inc. | 386 | 05/20/22 | USD | 50.00 | USD | 1,752 | (72,375 | ) | ||||||||||||||||
Paylocity Holding Corp. | 117 | 05/20/22 | USD | 220.00 | USD | 2,408 | (100,620 | ) | ||||||||||||||||
Phreesia, Inc. | 600 | 05/20/22 | USD | 35.00 | USD | 1,582 | (37,500 | ) | ||||||||||||||||
Planet Fitness, Inc., Class A | 184 | 05/20/22 | USD | 92.50 | USD | 1,554 | (40,940 | ) | ||||||||||||||||
Planet Fitness, Inc., Class A | 452 | 05/20/22 | USD | 95.00 | USD | 3,818 | (71,190 | ) | ||||||||||||||||
Pulmonx Corp. | 300 | 05/20/22 | USD | 30.00 | USD | 744 | (36,750 | ) | ||||||||||||||||
Repligen Corp. | 186 | 05/20/22 | USD | 200.00 | USD | 3,498 | (200,880 | ) | ||||||||||||||||
Saia, Inc. | 111 | 05/20/22 | USD | 310.00 | USD | 2,706 | (29,415 | ) | ||||||||||||||||
Seer, Inc., Class A | 200 | 05/20/22 | USD | 20.00 | USD | 305 | (18,500 | ) | ||||||||||||||||
Shoals Technologies Group, Inc., Class A | 1,421 | 05/20/22 | USD | 22.50 | USD | 2,421 | (88,812 | ) | ||||||||||||||||
Wingstop, Inc. | 25 | 05/20/22 | USD | 131.00 | USD | 293 | (9,375 | ) | ||||||||||||||||
Bill.Com Holdings, Inc. | 240 | 06/06/22 | USD | 280.00 | USD | 5,443 | (287,944 | ) | ||||||||||||||||
Bio-Techne Corp. | 143 | 06/10/22 | USD | 450.00 | USD | 6,192 | (294,792 | ) | ||||||||||||||||
Halozyme Therapeutics, Inc. | 500 | 06/17/22 | USD | 40.00 | USD | 1,994 | (87,500 | ) | ||||||||||||||||
nCino, Inc. | 345 | 06/17/22 | USD | 55.00 | USD | 1,414 | (64,688 | ) | ||||||||||||||||
|
| |||||||||||||||||||||||
$ | (13,673,928 | ) | ||||||||||||||||||||||
|
|
OTC Options Written
Description | Counterparty | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | ||||||||||||||||||||
Call | ||||||||||||||||||||||||||
Rexford Industrial Realty, Inc. | Citibank N.A | 24,000 | 04/01/22 | USD | 76.67 | USD | 1,790 | $ | (272 | ) | ||||||||||||||||
Paylocity Holding Corp. | Goldman Sachs International | 13,500 | 04/04/22 | USD | 221.22 | USD | 2,778 | (4,224 | ) | |||||||||||||||||
AZEK Co., Inc. | BNP Paribas SA | 77,000 | 04/06/22 | USD | 33.13 | USD | 1,913 | — | ||||||||||||||||||
Kahoot! ASA | Morgan Stanley & Co. International PLC | 480,500 | 04/06/22 | NOK | 35.07 | NOK | 13,281 | (159 | ) | |||||||||||||||||
Saia, Inc. | Goldman Sachs International | 14,800 | 04/06/22 | USD | 322.39 | USD | 3,609 | — | ||||||||||||||||||
Fiverr International Ltd. | Citibank N.A | 14,600 | 04/07/22 | USD | 87.82 | USD | 1,111 | (4,289 | ) | |||||||||||||||||
Kahoot! ASA | UBS AG | 387,000 | 04/12/22 | NOK | 28.48 | NOK | 10,697 | (43,686 | ) | |||||||||||||||||
nCino, Inc. | JPMorgan Chase Bank N.A | 24,800 | 04/12/22 | USD | 50.98 | USD | 1,016 | (15,923 | ) | |||||||||||||||||
Leslie’s, Inc. | Barclays Bank PLC | 18,200 | 04/13/22 | USD | 22.63 | USD | 352 | (3,256 | ) | |||||||||||||||||
Axon Enterprise, Inc. | Goldman Sachs International | 23,800 | 04/21/22 | USD | 144.80 | USD | 3,278 | (68,685 | ) | |||||||||||||||||
Kahoot! ASA | Goldman Sachs International | 400,000 | 04/21/22 | NOK | 28.61 | NOK | 11,056 | (62,011 | ) | |||||||||||||||||
Kahoot! ASA | UBS AG | 331,000 | 04/26/22 | NOK | 26.18 | NOK | 9,149 | (108,634 | ) | |||||||||||||||||
Halma PLC | Goldman Sachs International | 16,100 | 04/27/22 | GBP | 24.49 | GBP | 404 | (26,455 | ) | |||||||||||||||||
Brooks Automation, Inc. | Bank of America N.A | 27,300 | 04/28/22 | USD | 92.66 | USD | 2,263 | (43,640 | ) | |||||||||||||||||
Fiverr International Ltd. | JPMorgan Chase Bank N.A | 33,000 | 04/28/22 | USD | 85.69 | USD | 2,510 | (90,644 | ) | |||||||||||||||||
AZEK Co., Inc. | Goldman Sachs International | 70,200 | 04/29/22 | USD | 30.07 | USD | 1,744 | (11,878 | ) | |||||||||||||||||
Kahoot! ASA | Goldman Sachs International | 300,000 | 05/03/22 | NOK | 29.92 | NOK | 8,292 | (44,334 | ) | |||||||||||||||||
Evolution AB | Morgan Stanley & Co. International PLC | 22,700 | 05/04/22 | SEK | 1,109.09 | SEK | 21,976 | (62,033 | ) | |||||||||||||||||
Globant SA | Bank of America N.A | 15,000 | 05/05/22 | USD | 278.24 | USD | 3,931 | (149,227 | ) | |||||||||||||||||
Halma PLC | Goldman Sachs International | 8,500 | 05/05/22 | GBP | 25.97 | GBP | 213 | (7,584 | ) | |||||||||||||||||
Kahoot! ASA | Goldman Sachs International | 598,000 | 05/13/22 | NOK | 31.93 | NOK | 16,529 | (69,777 | ) |
5 |
|
Schedule of Investments (unaudited) (continued) March 31, 2022 | BlackRock Innovation and Growth Trust (BIGZ) |
OTC Options Written (continued)
Description | Counterparty | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | ||||||||||||||||||||||||
Call (continued) | ||||||||||||||||||||||||||||||
Halma PLC | Barclays Bank PLC | 49,900 | 05/24/22 | GBP | 26.13 | GBP | 1,252 | $ | (57,126 | ) | ||||||||||||||||||||
Five9, Inc. | JPMorgan Chase Bank N.A. | 40,000 | 06/08/22 | USD | 120.62 | USD | 4,416 | (232,464 | ) | |||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
$ | (1,106,301 | ) | ||||||||||||||||||||||||||||
|
|
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 Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Common Stocks | ||||||||||||||||
Aerospace & Defense | $ | 137,608,087 | $ | — | $ | — | $ | 137,608,087 | ||||||||
Auto Components | 48,756,082 | — | — | 48,756,082 | ||||||||||||
Biotechnology | 51,983,420 | — | — | 51,983,420 | ||||||||||||
Building Products | 46,780,452 | — | — | 46,780,452 | ||||||||||||
Chemicals | 41,575,529 | — | — | 41,575,529 | ||||||||||||
Diversified Consumer Services | 63,278,164 | — | 47,080,248 | 110,358,412 | ||||||||||||
Electrical Equipment | 41,901,513 | — | — | 41,901,513 | ||||||||||||
Electronic Equipment, Instruments & Components | 41,459,593 | 16,051,762 | — | 57,511,355 | ||||||||||||
Entertainment | — | 51,730,223 | — | 51,730,223 | ||||||||||||
Equity Real Estate Investment Trusts (REITs) | 48,858,819 | — | — | 48,858,819 | ||||||||||||
Food Products | 55,123,325 | — | — | 55,123,325 | ||||||||||||
Health Care Equipment & Supplies | 115,078,962 | — | — | 115,078,962 | ||||||||||||
Health Care Technology | 136,000,513 | — | — | 136,000,513 | ||||||||||||
Hotels, Restaurants & Leisure | 110,198,229 | 18,407,501 | — | 128,605,730 | ||||||||||||
Internet & Direct Marketing Retail | 62,091,529 | — | — | 62,091,529 | ||||||||||||
IT Services | 150,566,818 | — | 46,778,105 | 197,344,923 | ||||||||||||
Life Sciences Tools & Services | 265,975,214 | — | — | 265,975,214 | ||||||||||||
Machinery | 56,674,481 | — | — | 56,674,481 | ||||||||||||
Road & Rail | 41,675,665 | — | — | 41,675,665 | ||||||||||||
Semiconductors & Semiconductor Equipment | 274,953,002 | — | — | 274,953,002 |
S C H E D U L E O F I N V E S T M E N T S | 6 |
Schedule of Investments (unaudited) (continued) March 31, 2022 | BlackRock Innovation and Growth Trust (BIGZ) |
Fair Value Hierarchy as of Period End (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks (continued) | ||||||||||||||||
Software | $ | 443,623,844 | $ | 40,161,540 | $ | 61,912,607 | $ | 545,697,991 | ||||||||
Specialty Retail | 5,307,196 | — | — | 5,307,196 | ||||||||||||
Convertible Notes | — | — | 12,000,000 | 12,000,000 | ||||||||||||
Preferred Securities | ||||||||||||||||
Preferred Stocks | — | — | 588,437,959 | 588,437,959 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 1,553,197 | — | — | 1,553,197 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 2,241,023,634 | $ | 126,351,026 | $ | 756,208,919 | 3,123,583,579 | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Investments Valued at NAV(a) | 1,116,748 | |||||||||||||||
|
| |||||||||||||||
$ | 3,124,700,327 | |||||||||||||||
|
| |||||||||||||||
Derivative Financial Instruments(b) | ||||||||||||||||
Liabilities | ||||||||||||||||
Equity Contracts | $ | (11,606,551 | ) | $ | (3,173,678 | ) | $ | — | $ | (14,780,229 | ) | |||||
|
|
|
|
|
|
|
|
(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 | Total | |||||||||||||
Assets | ||||||||||||||||
Opening balance, as of December 31, 2021 | $ | 167,039,627 | $ | 12,000,000 | $ | 544,568,505 | $ | 723,608,132 | ||||||||
Transfers into Level 3 | — | — | — | — | ||||||||||||
Transfers out of Level 3 | — | — | — | — | ||||||||||||
Accrued discounts/premiums | — | — | — | — | ||||||||||||
Net realized gain (loss) | ||||||||||||||||
Net change in unrealized appreciation (depreciation)(a) | (11,268,667 | ) | — | (30,264,657 | ) | (41,533,324 | ) | |||||||||
Purchases | — | — | 74,134,111 | 74,134,111 | ||||||||||||
Sales | — | — | — | — | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Closing balance, as of March 31, 2022 | $ | 155,770,960 | $ | 12,000,000 | $ | 588,437,959 | $ | 756,208,919 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2022(a) | $ | (11,268,667 | ) | $ | — | $ | (30,264,657 | ) | $ | (41,533,324 | ) | |||||
|
|
|
|
|
|
|
|
(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 | $ | 155,770,960 | Market | Revenue Multiple | 12.25x - 30.00x | 20.24x | ||||||||||||||
EBITDA Multiple | 16.00x | — | ||||||||||||||||||
Convertible Notes | 12,000,000 | Market | Discount Rate | 23% | — | |||||||||||||||
Revenue Multiple | 2.90x | — | ||||||||||||||||||
Volatility | 47% | — | ||||||||||||||||||
Preferred Stocks | 588,437,959 | Market | Revenue Multiple | 1.50x - 30.00x | 13.16x | |||||||||||||||
Time to Exit | 2.0 - 5.0 | 3.3 | ||||||||||||||||||
Volatility | 43% - 90% | 63% | ||||||||||||||||||
Recent Transactions | $ 2.13 - $12.74 | $ 8.02 |
7 |
|
Schedule of Investments (unaudited) (continued) March 31, 2022 | BlackRock Innovation and Growth Trust (BIGZ) |
Value | | Valuation Approach | | | Unobservable Inputs |
| | Range of Unobservable Inputs Utilized |
(a) | | Weighted Average of Unobservable Inputs Based on Fair Value | | ||||||||
Market Adjustment Multiple | 1.00x - 1.05x | 1.03x | ||||||||||||||||||
|
| |||||||||||||||||||
$756,208,919 | ||||||||||||||||||||
|
|
(a) | A significant change in unobservable input would have resulted in a correlated (inverse) significant change to value. |
Currency Abbreviation | ||
GBP | British Pound | |
NOK | Norwegian Krone | |
SEK | Swedish Krona | |
USD | United States Dollar | |
Portfolio Abbreviation | ||
ADR | American Depositary Receipt | |
REIT | Real Estate Investment Trust |
S C H E D U L E O F I N V E S T M E N T S | 8 |