BlackRock Eq Dividend A (MDDVX) NPORT-P BlackRock Equity Dividend Fund (Jul 2023 report)

Schedule of Investments  (unaudited) July 31, 2023 BlackRock Equity Dividend Fund (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Aerospace & Defense — 2.7%
L3Harris Technologies, Inc.		2,065,234	$	391,341,191
RTX Corp.		1,452,213		127,693,089
				519,034,280
Automobile Components — 0.4%
Lear Corp.		548,201		84,839,587
Automobiles — 1.9%
General Motors Co.		9,790,591		375,664,977
Banks — 10.5%
Bank of America Corp.		1,729,242		55,335,744
Citigroup, Inc.		10,807,133		515,067,959
Citizens Financial Group, Inc.		4,406,278		142,146,528
First Citizens BancShares, Inc., Class A		285,596		408,773,555
JPMorgan Chase & Co.		2,051,439		324,045,304
Wells Fargo & Co.		12,615,261		582,320,448
				2,027,689,538
Beverages — 0.8%
Constellation Brands, Inc., Class A		546,911		149,197,321
Capital Markets — 2.5%
Carlyle Group, Inc.		2,952,190		105,245,573
Charles Schwab Corp.		775,925		51,288,643
Intercontinental Exchange, Inc.		871,940		100,098,712
Raymond James Financial, Inc.		2,023,884		222,768,912
				479,401,840
Chemicals — 1.0%
International Flavors & Fragrances, Inc.		1,195,790		101,175,792
PPG Industries, Inc.		693,111		99,738,673
				200,914,465
Communications Equipment — 2.1%
Cisco Systems, Inc.		7,808,664		406,362,874
Consumer Staples Distribution & Retail — 1.9%
Dollar General Corp.		2,212,782		373,650,368
Containers & Packaging — 1.5%
Sealed Air Corp.		6,527,155		297,768,811
Diversified Telecommunication Services — 1.5%
AT&T, Inc.		7,691,739		111,684,050
Verizon Communications, Inc.		5,206,154		177,425,729
				289,109,779
Electric Utilities — 2.2%
American Electric Power Co., Inc.		1,781,034		150,924,821
Exelon Corp.		2,725,120		114,073,523
PG&E Corp.(a)		8,756,517		154,202,265
				419,200,609
Entertainment — 0.5%
Activision Blizzard, Inc.(a)		1,117,736		103,681,191
Financial Services — 3.9%
Apollo Global Management, Inc.		936,607		76,530,158
Equitable Holdings, Inc.		2,522,621		72,373,996
Fidelity National Information Services, Inc.		5,587,963		337,401,206
Visa, Inc., Class A		1,101,341		261,821,796
				748,127,156

Security	Shares		Value
Food Products — 2.7%
Kraft Heinz Co.		13,049,724	$	472,139,014
Mondelez International, Inc., Class A		729,111		54,048,999
				526,188,013
Ground Transportation — 0.6%
Union Pacific Corp.		463,081		107,444,054
Health Care Equipment & Supplies — 6.9%
Baxter International, Inc.		10,514,923		475,589,967
Koninklijke Philips NV(a)		10,223,567		212,380,659
Medtronic PLC		4,892,980		429,407,925
Zimmer Biomet Holdings, Inc.		1,546,226		213,611,122
				1,330,989,673
Health Care Providers & Services — 8.2%
AmerisourceBergen Corp.		506,016		94,574,390
Cardinal Health, Inc.		3,513,898		321,416,250
Cigna Group		953,365		281,338,012
Elevance Health, Inc.		580,262		273,668,967
Humana, Inc.		261,326		119,381,557
Laboratory Corp. of America Holdings		2,323,080		496,976,504
				1,587,355,680
Household Durables — 1.8%
Newell Brands, Inc.		1,428,542		15,942,529
Panasonic Holdings Corp.		15,973,400		197,165,774
Sony Group Corp.		1,378,000		129,072,059
				342,180,362
Industrial Conglomerates — 0.4%
Siemens AG, Registered Shares		472,836		80,591,183
Insurance — 6.4%
Allstate Corp.		979,807		110,404,652
American International Group, Inc.		7,504,812		452,390,067
Fidelity National Financial, Inc.		5,245,519		205,466,979
First American Financial Corp.		328,950		20,848,851
Prudential PLC		10,736,871		149,095,678
Willis Towers Watson PLC		1,444,995		305,370,793
				1,243,577,020
Interactive Media & Services — 0.5%
Alphabet, Inc., Class A(a)		752,640		99,890,381
IT Services — 2.5%
Cognizant Technology Solutions Corp., Class A		7,413,602		489,520,140
Life Sciences Tools & Services — 0.4%
Fortrea Holdings, Inc.(a)		2,328,720		74,425,891
Machinery — 0.9%
Fortive Corp.		687,020		53,828,017
Komatsu Ltd.		4,613,900		129,255,782
				183,083,799
Media — 2.7%
Comcast Corp., Class A		8,149,515		368,847,049
Fox Corp., Class A		4,361,488		145,891,773
				514,738,822
Multi-Utilities — 1.7%
Public Service Enterprise Group, Inc.		2,372,632		149,760,532
Sempra		1,160,605		172,953,357
				322,713,889
Oil, Gas & Consumable Fuels — 8.0%
BP PLC		67,231,023		417,131,375
ConocoPhillips		1,096,216		129,046,548
Enterprise Products Partners LP		13,879,351		367,941,595

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Schedule of Investments  (unaudited) (continued) July 31, 2023 BlackRock Equity Dividend Fund (Percentages shown are based on Net Assets)

Security	Shares		Value
Oil, Gas & Consumable Fuels (continued)
EQT Corp.		700,663	$	29,553,965
Hess Corp.		874,459		132,681,664
Shell PLC		15,340,059		464,922,709
				1,541,277,856
Personal Care Products — 2.1%
Unilever PLC, ADR		7,380,942		396,578,014
Pharmaceuticals — 5.3%
AstraZeneca PLC		1,155,155		165,968,279
Bayer AG, Registered Shares		4,572,136		267,394,168
Eli Lilly & Co.		260,718		118,509,367
Novo Nordisk A/S, ADR		683,162		110,057,398
Sanofi		3,307,679		352,878,147
				1,014,807,359
Professional Services — 4.0%
Leidos Holdings, Inc.		3,900,333		364,798,145
Robert Half, Inc.		619,080		45,904,782
SS&C Technologies Holdings, Inc.		6,322,792		368,302,634
				779,005,561
Semiconductors & Semiconductor Equipment — 0.5%
Taiwan Semiconductor Manufacturing Co. Ltd.		5,092,000		91,949,293
Software — 1.8%
Microsoft Corp.		1,016,667		341,518,779
Specialty Retail — 0.5%
Ross Stores, Inc.		910,766		104,410,214
Technology Hardware, Storage & Peripherals — 1.3%
Samsung Electronics Co. Ltd.		4,546,950		248,957,462

Security	Shares		Value
Textiles, Apparel & Luxury Goods — 0.5%
Ralph Lauren Corp.		761,426	$	99,998,077
Tobacco — 1.5%
British American Tobacco PLC, ADR		8,357,867		281,492,961
Wireless Telecommunication Services — 0.4%
Rogers Communications, Inc., Class B		1,845,829		80,823,696
Total Long-Term Investments — 95.0% (Cost: $15,076,285,868)				18,358,160,975
Short-Term Securities
Money Market Funds — 4.7%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.16%(b)(c)		904,461,921		904,461,921
Total Short-Term Securities — 4.7% (Cost: $904,461,921)				904,461,921
Total Investments — 99.7% (Cost: $15,980,747,789)				19,262,622,896
Other Assets Less Liabilities — 0.3%			57,844,748
Net Assets — 100.0%			$	19,320,467,644

(a) Non-income producing security.

(b) Affiliate of the Fund.

(c) Annualized 7-day yield as of period end.

For Fund compliance purposes, the Fund’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 Fund during the period ended July 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 04/30/23		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 07/31/23		Shares Held at 07/31/23		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	897,455,508	$	7,006,413	(a)	$	—	$	—		$	—	$	904,461,921		904,461,921	$	10,996,745	$	—

^(a) Represents net amount purchased (sold).

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 Fund 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

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Schedule of Investments  (unaudited) (continued) July 31, 2023 BlackRock Equity Dividend Fund

Fair Value Hierarchy as of Period End (continued)

· 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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’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	$	519,034,280	$	—	$	—	$	519,034,280
Automobile Components		84,839,587		—		—		84,839,587
Automobiles		375,664,977		—		—		375,664,977
Banks		2,027,689,538		—		—		2,027,689,538
Beverages		149,197,321		—		—		149,197,321
Capital Markets		479,401,840		—		—		479,401,840
Chemicals		200,914,465		—		—		200,914,465
Communications Equipment		406,362,874		—		—		406,362,874
Consumer Staples Distribution & Retail		373,650,368		—		—		373,650,368
Containers & Packaging		297,768,811		—		—		297,768,811
Diversified Telecommunication Services		289,109,779		—		—		289,109,779
Electric Utilities		419,200,609		—		—		419,200,609
Entertainment		103,681,191		—		—		103,681,191
Financial Services		748,127,156		—		—		748,127,156
Food Products		526,188,013		—		—		526,188,013
Ground Transportation		107,444,054		—		—		107,444,054
Health Care Equipment & Supplies		1,118,609,014		212,380,659		—		1,330,989,673
Health Care Providers & Services		1,587,355,680		—		—		1,587,355,680
Household Durables		15,942,529		326,237,833		—		342,180,362
Industrial Conglomerates		—		80,591,183		—		80,591,183
Insurance		1,094,481,342		149,095,678		—		1,243,577,020
Interactive Media & Services		99,890,381		—		—		99,890,381
IT Services		489,520,140		—		—		489,520,140
Life Sciences Tools & Services		74,425,891		—		—		74,425,891
Machinery		53,828,017		129,255,782		—		183,083,799
Media		514,738,822		—		—		514,738,822
Multi-Utilities		322,713,889		—		—		322,713,889
Oil, Gas & Consumable Fuels		659,223,772		882,054,084		—		1,541,277,856
Personal Care Products		396,578,014		—		—		396,578,014
Pharmaceuticals		228,566,765		786,240,594		—		1,014,807,359
Professional Services		779,005,561		—		—		779,005,561
Semiconductors & Semiconductor Equipment		—		91,949,293		—		91,949,293
Software		341,518,779		—		—		341,518,779
Specialty Retail		104,410,214		—		—		104,410,214
Technology Hardware, Storage & Peripherals		—		248,957,462		—		248,957,462
Textiles, Apparel & Luxury Goods		99,998,077		—		—		99,998,077
Tobacco		281,492,961		—		—		281,492,961
Wireless Telecommunication Services		80,823,696		—		—		80,823,696
Short-Term Securities
Money Market Funds		904,461,921		—		—		904,461,921
	$	16,355,860,328	$	2,906,762,568	$	—	$	19,262,622,896

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Schedule of Investments  (unaudited) (continued) July 31, 2023 BlackRock Equity Dividend Fund

Portfolio Abbreviation

ADR American Depositary Receipt

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