NPORT-P
false
0000844779
XXXXXXXX
S000038448
C000118599
C000118600
C000118601
BlackRock Funds
811-05742
0000844779
549300OZUEVJZHOBFP42
100 Bellevue Parkway
Wilmington
19809
800-441-7762
BlackRock Real Estate Securities Fund
S000038448
549300619RPPBQL8JR35
2027-01-31
2026-04-30
N
437431476.78
881302.85
436550173.93
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
430569.71000000
N
MORGAN STANLEY & CO. LLC
9R7GPTSO7KV3UQJZQ078
USD/CAD FORWARD
000000000
1.00000000
NC
USD
74.80000000
0.000017134342
N/A
DFE
CORP
US
N
2
MORGAN STANLEY & CO. LLC
9R7GPTSO7KV3UQJZQ078
-7310.88000000
USD
10000.00000000
CAD
2026-07-15
74.80000000
N
N
N
VICI PROPERTIES INC
254900RKH6RY9KCJQH63
VICI PROPERTIES INC COM
925652109
89754.00000000
NS
USD
2620816.80000000
0.600347212419
Long
EC
CORP
US
N
1
N
N
N
WP CAREY INC
54930042CRNE713E3Q67
WP CAREY INC COM
92936U109
167691.00000000
NS
USD
12229704.63000000
2.801443078101
Long
EC
CORP
US
N
1
N
N
N
EQUINIX INC
549300EVUN2BTLJ3GT74
EQUINIX INC COM
29444U700
35366.00000000
NS
USD
38295365.78000000
8.772271337163
Long
EC
CORP
US
N
1
N
N
N
ALEXANDRIA REAL ESTATE EQUITIES INC
MGCJBT4MKTQBVLNUIS88
ALEXANDRIA REAL ESTATE EQUITIES INC COM
015271109
158265.00000000
NS
USD
6411315.15000000
1.468631908282
Long
EC
CORP
US
N
1
N
N
N
JANUS LIVING INC
2549003JCIOFKGHO7313
JANUS LIVING INC CL A-1
471024109
338964.00000000
NS
USD
8894415.36000000
2.037432554413
Long
EC
CORP
US
N
1
N
N
N
OUTFRONT MEDIA INC
549300RZWDYU5722I639
OUTFRONT MEDIA INC COM NEW
69007J304
117754.00000000
NS
USD
3632710.90000000
0.832140522885
Long
EC
CORP
US
N
1
N
N
N
AMERICAN HOMES 4 RENT
549300ZJUO7A58PNUW40
AMERICAN HOMES 4 RENT CL A
02665T306
256321.00000000
NS
USD
8161260.64000000
1.869489723604
Long
EC
CORP
US
N
1
N
N
N
COUSINS PROPERTIES INC
5493007XPYD5EJABN062
COUSINS PROPERTIES INC COM NEW
222795502
129478.00000000
NS
USD
3315931.58000000
0.759576281953
Long
EC
CORP
US
N
1
N
N
N
BLACKROCK LIQUIDITY FUNDS
5493007YVNX55LTRQ706
BLACKROCK LIQUIDITY FUNDS T FUND INSTL SHS
09248U718
5501233.54000000
NS
USD
5501233.54000000
1.260160657015
Long
STIV
RF
US
N
1
N
N
N
AMERICAN HEALTHCARE REIT INC
2549004GGE2APGNT6O92
AMERICAN HEALTHCARE REIT INC COM SHS
398182303
271404.00000000
NS
USD
13781895.12000000
3.157001403969
Long
EC
CORP
US
N
1
N
N
N
MORGAN STANLEY & CO. LLC
9R7GPTSO7KV3UQJZQ078
CAD/USD FORWARD
000000000
1.00000000
NC
USD
-26540.52000000
-0.00607960357
N/A
DFE
CORP
US
N
2
MORGAN STANLEY & CO. LLC
9R7GPTSO7KV3UQJZQ078
-2247000.00000000
CAD
1633022.79000000
USD
2026-07-15
-26540.52000000
N
N
N
INVENTRUST PROPERTIES CORP
5493006BQYSOBYVUFA03
INVENTRUST PROPERTIES CORP COM NEW
46124J201
168470.00000000
NS
USD
5411256.40000000
1.239549706574
Long
EC
CORP
US
N
1
N
N
N
HOST HOTELS & RESORTS INC
N6EL63S0K3PB1YFTDI24
HOST HOTELS & RESORTS INC COM
44107P104
480038.00000000
NS
USD
10143202.94000000
2.323490756786
Long
EC
CORP
US
N
1
N
N
N
BROADSTONE NET LEASE INC
549300U8D7PT70B49V21
BROADSTONE NET LEASE INC COM
11135E203
278404.00000000
NS
USD
5512399.20000000
1.262718360727
Long
EC
CORP
US
N
1
N
N
N
WELLTOWER INC
254900F33BIAR82QTA19
WELLTOWER INC COM
95040Q104
183976.00000000
NS
USD
39985343.84000000
9.159392488619
Long
EC
CORP
US
N
1
N
N
N
AGREE REALTY CORP
98450090H010B37OEB68
AGREE REALTY CORP COM
008492100
163298.00000000
NS
USD
12591908.78000000
2.884412727783
Long
EC
CORP
US
N
1
N
N
N
VENTAS INC
ORQTRC074CWLT3DKHT41
VENTAS INC COM
92276F100
8688.00000000
NS
USD
763327.68000000
0.174854512856
Long
EC
CORP
US
N
1
N
N
N
EXTRA SPACE STORAGE INC
529900SDJHKRQWED6A16
EXTRA SPACE STORAGE INC COM
30225T102
46314.00000000
NS
USD
6638185.62000000
1.520600841878
Long
EC
CORP
US
N
1
N
N
N
EQUITY RESIDENTIAL
5493008RACSH5EP3PI59
EQUITY RESIDENTIAL SH BEN INT
29476L107
244748.00000000
NS
USD
16001624.24000000
3.665471965329
Long
EC
CORP
US
N
1
N
N
N
CROWN CASTLE INC
54930012H97VSM0I2R19
CROWN CASTLE INC COM
22822V101
174772.00000000
NS
USD
15516258.16000000
3.554289767042
Long
EC
CORP
US
N
1
N
N
N
APPLIED DIGITAL CORP
2549004NE2B6RYXINZ02
APPLIED DIGITAL CORP COM NEW
038169207
14540.00000000
NS
USD
497995.00000000
0.114075089128
Long
EC
CORP
US
N
1
N
N
N
CBRE GROUP INC
52990016II9MJ2OSWA10
CBRE GROUP INC CL A
12504L109
21977.00000000
NS
USD
3136777.21000000
0.718537615450
Long
EC
CORP
US
N
1
N
N
N
FEDERAL REALTY INVESTMENT TRUST
549300FHEI1SLVZ0RB48
FEDERAL REALTY INVESTMENT TRUST SH BEN INT NEW
313745101
49079.00000000
NS
USD
5442861.10000000
1.246789355505
Long
EC
CORP
US
N
1
N
N
N
PRIMARIS REAL ESTATE INVESTMENT TRUST
549300WUM45OXSEVOT03
PRIMARIS REAL ESTATE INVESTMENT TRUST TR UNIT SER A
74167K109
151853.00000000
NS
2109519.72000000
0.483225032533
Long
EC
CORP
CA
N
1
N
N
N
SIMON PROPERTY GROUP INC
529900GQL5X8H7AO3T64
SIMON PROPERTY GROUP INC COM
828806109
89096.00000000
NS
USD
18149746.16000000
4.157539555329
Long
EC
CORP
US
N
1
N
N
N
CARETRUST REIT INC
5493001NVXE2B9GPLU96
CARETRUST REIT INC COM
14174T107
224464.00000000
NS
USD
8855104.80000000
2.028427733811
Long
EC
CORP
US
N
1
N
N
N
BXP INC
549300OF70FSEUQBT254
BXP INC COM
101121101
85346.00000000
NS
USD
4989327.16000000
1.142898905544
Long
EC
CORP
US
N
1
N
N
N
REALTY INCOME CORP
549300CUWDAUZSH43859
REALTY INCOME CORP COM
756109104
70101.00000000
NS
USD
4503288.24000000
1.031562580644
Long
EC
CORP
US
N
1
N
N
N
CLEANSPARK INC
254900VO7KBRJQDGY810
CLEANSPARK INC COM NEW
18452B209
17533.00000000
NS
USD
219688.49000000
0.050323766457
Long
EC
CORP
US
N
1
N
N
EASTGROUP PROPERTIES INC
31TIGQQZC4P6JMHKSW85
EASTGROUP PROPERTIES INC COM
277276101
53100.00000000
NS
USD
10683720.00000000
2.447306320788
Long
EC
CORP
US
N
1
N
N
N
BLACKROCK FUNDS III
5493008LW2651I1QB503
BLACKROCK FUNDS III INSTL MMKT
066922519
186090.79100000
NS
USD
186146.62000000
0.042640372428
Long
STIV
RF
US
N
1
N
N
DIGITAL REALTY TRUST INC
549300HKCZ31D08NEI41
DIGITAL REALTY TRUST INC COM
253868103
38091.00000000
NS
USD
7654005.54000000
1.753293435000
Long
EC
CORP
US
N
1
N
N
N
ESSEX PROPERTY TRUST INC
549300TR2H2VEFX0NC60
ESSEX PROPERTY TRUST INC COM
297178105
34962.00000000
NS
USD
9202348.02000000
2.107970302051
Long
EC
CORP
US
N
1
N
N
N
AMERICAN TOWER CORP
5493006ORUSIL88JOE18
AMERICAN TOWER CORP COM
03027X100
89166.00000000
NS
USD
16291519.86000000
3.731877990870
Long
EC
CORP
US
N
1
N
N
N
SUN COMMUNITIES INC
549300H5GEOJYN41ZG57
SUN COMMUNITIES INC COM
866674104
74009.00000000
NS
USD
9461310.56000000
2.167290525811
Long
EC
CORP
US
N
1
N
N
N
PROLOGIS INC
529900DFH19P073LZ636
PROLOGIS INC COM
74340W103
286757.00000000
NS
USD
40725229.14000000
9.328877084935
Long
EC
CORP
US
N
1
N
N
N
PUBLIC STORAGE
254900GLQZAD4N7N5Q19
PUBLIC STORAGE COM
74460D109
59747.00000000
NS
USD
18070480.15000000
4.139382189983
Long
EC
CORP
US
N
1
N
N
N
IRON MOUNTAIN INC (REIT)
SQL3F6CKNNBM3SQGHX24
IRON MOUNTAIN INC (REIT) COM
46284V101
124883.00000000
NS
USD
15734009.17000000
3.604169717390
Long
EC
CORP
US
N
1
N
N
N
WEYERHAEUSER COMPANY
08IRJODWFYBI7QWRGS31
WEYERHAEUSER COMPANY COM NEW
962166104
278538.00000000
NS
USD
6829751.76000000
1.564482656945
Long
EC
CORP
US
N
1
N
N
N
SBA COMMUNICATIONS CORP
5299001HX8ZN8Y8QIT49
SBA COMMUNICATIONS CORP CL A
78410G104
53936.00000000
NS
USD
11930643.20000000
2.732937451976
Long
EC
CORP
US
N
1
N
N
N
REGENCY CENTERS CORP
529900053A7X7FJ97S58
REGENCY CENTERS CORP COM
758849103
118306.00000000
NS
USD
9210122.10000000
2.109751100792
Long
EC
CORP
US
N
1
N
N
N
COPT DEFENSE PROPERTIES
YY1J47X6LF9TYY8JY420
COPT DEFENSE PROPERTIES SHS BEN INT
22002T108
287743.00000000
NS
USD
8991968.75000000
2.059778986926
Long
EC
CORP
US
N
1
N
N
N
CIPHER DIGITAL INC
254900QABG5HCQZ28A17
CIPHER DIGITAL INC COM
17253J106
25232.00000000
NS
USD
447615.68000000
0.102534761576
Long
EC
CORP
US
N
1
N
N
N
HUT 8 CORP
98450066FEF9C1D3FC20
HUT 8 CORP COM
44812J104
2837.00000000
NS
USD
214987.86000000
0.049246999048
Long
EC
CORP
US
N
1
N
N
N
UDR INC
P3CH2EG5X6Z1XWU1OO74
UDR INC COM
902653104
215593.00000000
NS
USD
7834649.62000000
1.794673347503
Long
EC
CORP
US
N
1
N
N
N
2026-06-24
BlackRock Funds
Chuck Pulsfort
Chuck Pulsfort
Assistant Treasurer
XXXX