Schedule of Investments (unaudited) 
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 

Shares
Value
Common Stocks
Aerospace & Defense — 3.6%
Aevex Corp., Class A(a)(b)
23,691
$  494,905
Archer Aviation, Inc., Class A(a)
46,202
218,535
Arxis, Inc., Class A(a)(b)
15,687
723,798
ATI, Inc.(a)
15,951
3,143,942
BWX Technologies, Inc.
26,812
5,218,956
Carpenter Technology Corp.
9,986
6,159,764
Curtiss-Wright Corp.
2,285
1,731,482
Ducommun, Inc.(a)
12,439
2,303,827
FTAI Aviation Ltd.
3,089
835,667
Hawkeye 360, Inc.(a)(b)
3,925
79,364
Huntington Ingalls Industries, Inc.
7,772
2,175,305
Intuitive Machines, Inc., Class A(a)
7,374
157,730
Kratos Defense & Security Solutions, Inc.(a)
47,143
2,350,550
Leonardo DRS, Inc.
13,059
557,228
Moog, Inc., Class A
3,967
1,681,373
Textron, Inc.
5,643
517,632
Voyager Technologies, Inc., Class A(a)(b)
1,876
60,501
Woodward, Inc.
12,411
5,280,136
 
33,690,695
Air Freight & Logistics — 0.6%
CH Robinson Worldwide, Inc.
17,094
3,219,484
Forward Air Corp.(a)
28,713
387,912
GXO Logistics, Inc.(a)
35,840
1,817,088
Hub Group, Inc., Class A
12,406
543,259
 
5,967,743
Automobile Components — 1.0%
Adient PLC(a)
31,958
587,388
BorgWarner, Inc.
64,432
4,278,285
Dana, Inc.
26,974
733,963
Dauch Corp.(a)
26,218
142,102
Gentex Corp.
31,648
799,745
Lear Corp.
5,524
740,547
Mobileye Global, Inc., Class A(a)
81,024
784,312
QuantumScape Corp., Class A(a)
158,125
1,195,425
Standard Motor Products, Inc.
4,899
190,914
 
9,452,681
Automobiles — 0.1%
Rivian Automotive, Inc., Class A(a)
38,075
660,601
Winnebago Industries, Inc.
4,439
138,675
 
799,276
Banks — 6.4%
1st Source Corp.
3,102
253,061
Amalgamated Financial Corp.
25,992
1,193,033
Ameris Bancorp
10,763
971,468
Associated Banc-Corp.
24,705
760,173
Axos Financial, Inc.(a)
4,695
457,246
Banc of California, Inc.
84,266
1,721,554
Bank of Hawaii Corp.
3,878
316,018
Bank7 Corp.
6,845
335,063
Bar Harbor Bankshares
5,140
194,086
BOK Financial Corp.
6,348
881,610
Byline Bancorp, Inc.
3,634
136,857
Capital City Bank Group, Inc.
4,329
213,939
Coastal Financial Corp.(a)
1,449
112,312
ConnectOne Bancorp, Inc.
5,367
179,473
Cullen/Frost Bankers, Inc.
56,880
8,789,098
Customers Bancorp, Inc.(a)
6,689
529,100
CVB Financial Corp.
21,998
496,055
East West Bancorp, Inc.
15,611
2,015,224
Security
 
Shares
Value
Banks (continued)
First Bank
26,373
$  467,593
First Busey Corp.
3,350
98,825
First Business Financial Services, Inc.
3,051
192,732
First Hawaiian, Inc.
105,254
3,083,942
First Horizon Corp.
206,135
5,285,302
First Internet Bancorp
13,163
365,931
FNB Corp.
93,172
1,777,722
Glacier Bancorp, Inc.
15,282
788,246
HomeTrust Bancshares, Inc.
8,814
439,731
Horizon Bancorp, Inc.
59,514
1,189,090
Independent Bank Corp.
63,091
2,275,692
Kearny Financial Corp.
96,497
912,862
Live Oak Bancshares, Inc.
32,268
1,317,825
Metropolitan Bank Holding Corp.
10,638
1,050,609
Midland States Bancorp, Inc.
28,100
875,034
National Bank Holdings Corp., Class A
4,052
180,030
Nicolet Bankshares, Inc.
3,565
589,615
Northfield Bancorp, Inc.
97,270
1,432,787
OceanFirst Financial Corp.
82,053
1,602,495
Old National Bancorp
77,141
1,997,952
Old Second Bancorp, Inc.
5,366
125,135
Park National Corp.
2,093
382,998
Pinnacle Financial Partners, Inc.
44,482
4,487,344
Popular, Inc.
5,335
875,900
Prosperity Bancshares, Inc.
3,772
275,469
Republic First Bancorp, Inc.(a)
87,118
9
Southern First Bancshares, Inc.(a)
1,844
112,668
SouthState Bank Corp.
13,498
1,348,450
Stock Yards Bancorp, Inc.
1,788
136,728
UMB Financial Corp.
22,363
3,192,542
United Community Banks, Inc.
12,895
452,486
Univest Financial Corp.
11,731
513,231
USCB Financial Holdings, Inc., Class A
8,747
178,964
Western Alliance Bancorp
16,406
1,348,573
Western New England Bancorp, Inc.
18,690
267,267
Zions Bancorp N.A.
15,187
1,050,789
 
60,227,938
Beverages — 0.2%
Boston Beer Co., Inc. (The), Class A(a)
814
144,103
Celsius Holdings, Inc.(a)
17,001
497,789
Molson Coors Beverage Co., Class B
18,043
702,955
National Beverage Corp.(a)
11,941
372,559
Primo Brands Corp., Class A
6,372
155,732
 
1,873,138
Biotechnology — 6.0%
ACADIA Pharmaceuticals, Inc.(a)
60,642
1,534,243
ADMA Biologics, Inc.(a)
26,029
217,863
Agios Pharmaceuticals, Inc.(a)
30,647
1,137,310
Alkermes PLC(a)
39,909
2,091,032
Altimmune, Inc.(a)
54,155
164,631
Arcutis Biotherapeutics, Inc.(a)
9,592
251,502
Ardelyx, Inc.(a)
123,922
632,002
Arrowhead Pharmaceuticals, Inc.(a)
12,282
1,001,106
Ascendis Pharma A/S(a)
5,313
1,417,083
Atrium Therapeutics, Inc.(a)
445
5,985
Beam Therapeutics, Inc.(a)
10,630
364,822
BioCryst Pharmaceuticals, Inc.(a)
93,235
932,350
Biohaven Ltd.(a)
30,955
460,610
BioMarin Pharmaceutical, Inc.(a)
8,200
469,204
Bridgebio Pharma, Inc.(a)
6,996
521,062
Cabaletta Bio, Inc.(a)
42,068
130,831
Caris Life Sciences, Inc.(a)
29,470
525,155
1

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Biotechnology (continued)
Celldex Therapeutics, Inc.(a)
23,582
$  877,486
Corbus Pharmaceuticals Holdings, Inc.(a)
11,872
111,359
CRISPR Therapeutics AG(a)
1,857
101,281
Cytokinetics, Inc.(a)
12,453
1,060,871
Editas Medicine, Inc.(a)
31,081
100,702
Exelixis, Inc.(a)
50,285
2,736,007
Halozyme Therapeutics, Inc.(a)
1,789
140,025
Ideaya Biosciences, Inc.(a)(b)
31,300
1,166,551
Insmed, Inc.(a)
10,064
1,073,024
Intellia Therapeutics, Inc.(a)
52,822
893,748
Ionis Pharmaceuticals, Inc.(a)
34,619
2,744,940
Iovance Biotherapeutics, Inc.(a)(b)
35,295
146,827
Ironwood Pharmaceuticals, Inc., Class A(a)
147,412
620,605
Janux Therapeutics, Inc.(a)
76,510
1,175,194
Keros Therapeutics, Inc.(a)
22,044
235,871
Krystal Biotech, Inc., Class A3(a)
562
208,879
Kura Oncology, Inc.(a)
65,429
717,756
Larimar Therapeutics, Inc.(a)
27,652
84,339
Madrigal Pharmaceuticals, Inc.(a)
2,604
1,398,218
MannKind Corp.(a)
141,290
601,895
MiMedx Group, Inc.(a)
97,922
377,000
Mineralys Therapeutics, Inc.(a)
12,771
344,562
Mirum Pharmaceuticals, Inc.(a)
4,035
472,377
Moderna, Inc.(a)
6,969
488,039
MoonLake Immunotherapeutics(a)
17,063
332,217
Myriad Genetics, Inc.(a)
97,059
554,207
Natera, Inc.(a)
2,875
780,419
Neurocrine Biosciences, Inc.(a)
18,924
3,189,356
Newamsterdam Pharma Co. NV(a)
2,969
100,619
Nkarta, Inc.(a)
67,734
191,687
Nuvalent, Inc., Class A(a)
2,506
309,491
Perspective Therapeutics, Inc.(a)
73,326
250,042
Praxis Precision Medicines, Inc.(a)
2,168
725,825
Prime Medicine, Inc.(a)
56,204
207,393
Prothena Corp. PLC(a)
13,711
134,231
PTC Therapeutics, Inc.(a)
11,114
906,569
Recursion Pharmaceuticals, Inc., Class A(a)(b)
136,789
502,016
REGENXBIO, Inc.(a)
62,212
745,300
Replimune Group, Inc.(a)
54,406
602,274
Revolution Medicines, Inc.(a)
4,078
763,728
Rigel Pharmaceuticals, Inc.(a)
5,419
211,991
Rocket Pharmaceuticals, Inc.(a)
79,992
273,573
Roivant Sciences Ltd.(a)
35,407
1,253,054
Sana Biotechnology, Inc.(a)
36,788
128,390
Sarepta Therapeutics, Inc.(a)
71,735
1,289,078
SQZ Biotechnologies Co.(a)
1,031
25
Summit Therapeutics, Inc.(a)(b)
29,953
436,415
Syndax Pharmaceuticals, Inc.(a)
43,421
949,183
Tango Therapeutics, Inc.(a)
3,935
123,008
TG Therapeutics, Inc.(a)
25,745
1,414,430
Tonix Pharmaceuticals Holding Corp.(a)
11,508
146,842
Twist Bioscience Corp.(a)
5,043
518,824
Ultragenyx Pharmaceutical, Inc.(a)
47,422
1,583,421
United Therapeutics Corp.(a)
1,894
1,026,226
Vanda Pharmaceuticals, Inc.(a)
91,708
561,253
Vera Therapeutics, Inc., Class A(a)
6,597
283,077
Veracyte, Inc.(a)
11,055
649,260
Verastem, Inc.(a)
55,509
212,044
Viking Therapeutics, Inc.(a)
40,947
1,597,342
Vir Biotechnology, Inc.(a)
13,947
142,120
Voyager Therapeutics, Inc.(a)
10,632
37,212
Xencor, Inc.(a)
80,736
1,299,850
Security
 
Shares
Value
Biotechnology (continued)
Xenon Pharmaceuticals, Inc.(a)
16,215
$  978,737
Zymeworks, Inc.(a)
28,705
750,349
 
55,895,425
Broadline Retail — 0.6%
Dillards, Inc., Class A(b)
1,307
690,645
Etsy, Inc.(a)
16,531
1,245,280
Kohls Corp.
55,423
982,096
Macys, Inc.
90,215
2,124,563
Ollies Bargain Outlet Holdings, Inc.(a)(b)
8,140
625,803
 
5,668,387
Building Products — 1.7%
A. O. Smith Corp.
4,296
269,445
AAON, Inc.
6,798
862,394
Advanced Drainage Systems, Inc.
9,712
1,524,396
Allegion PLC
7,780
1,093,012
AZZ, Inc.
3,052
473,213
Builders FirstSource, Inc.(a)
18,231
1,631,310
Caesarstone Ltd.(a)
4,705
9,881
Madison Air Solutions Corp., Class A(a)(b)
48,386
1,887,054
Modine Manufacturing Co.(a)
6,566
1,753,253
Owens Corning
29,823
4,740,664
Resideo Technologies, Inc.(a)
9,619
299,151
UFP Industries, Inc.
7,414
672,746
Zurn Elkay Water Solutions Corp.
9,180
463,865
 
15,680,384
Capital Markets — 3.0%
Acadian Asset Management, Inc.
2,704
193,390
Artisan Partners Asset Management, Inc., Class A
3,755
129,660
Bakkt, Inc., Class A(a)
11,011
85,996
BGC Group, Inc., Class A
7,246
77,460
Blue Owl Capital, Inc., Class A
50,912
445,480
Carlyle Group, Inc. (The)
12,247
515,721
DigitalBridge Group, Inc., Class A
6,051
95,485
Evercore, Inc., Class A
4,688
1,600,671
FactSet Research Systems, Inc.
7,974
1,834,658
Franklin Resources, Inc.
98,760
3,285,745
Galaxy Digital, Inc., Class A(a)
9,333
255,164
Hamilton Lane, Inc., Class A
9,883
779,077
Houlihan Lokey, Inc., Class A
7,738
1,037,898
Interactive Brokers Group, Inc., Class A
12,261
1,067,197
Invesco Ltd.
23,224
612,881
Janus Henderson Group PLC
14,351
745,534
Jefferies Financial Group, Inc.
44,284
2,213,314
Lincoln International, Inc., Class A(a)(b)
16,032
382,684
Morningstar, Inc.
2,993
466,968
PJT Partners, Inc., Class A
3,222
486,329
SEI Investments Co.
37,012
3,246,323
StepStone Group, Inc., Class A
15,239
630,285
StoneX Group, Inc.(a)
10,685
1,266,173
TPG, Inc., Class A
28,839
1,169,421
Virtu Financial, Inc., Class A
49,244
2,933,465
Wealthfront Corp.(a)
51,430
459,784
Webull Corp., Class A(a)
133,555
870,779
XP, Inc., Class A
65,296
1,061,713
 
27,949,255
Chemicals — 1.7%
AdvanSix, Inc.
12,661
251,701
Albemarle Corp.
19,697
2,659,686
Balchem Corp.
2,300
388,585
Celanese Corp., Class A
16,022
737,012
Eastman Chemical Co.
14,755
988,290
2

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Chemicals (continued)
Ecovyst, Inc.(a)
15,582
$  193,996
Element Solutions, Inc.
19,128
913,362
FMC Corp.
41,091
472,546
Huntsman Corp.
214,104
2,273,784
Innospec, Inc.
26,341
2,143,894
Mativ Holdings, Inc.
38,650
292,581
Mosaic Co. (The)
77,690
1,646,251
NewMarket Corp.
683
540,417
Olin Corp.
32,117
636,559
Solstice Advanced Materials, Inc.
17,832
1,579,915
 
15,718,579
Commercial Services & Supplies — 0.9%
ABM Industries, Inc.
5,766
255,088
ACV Auctions, Inc., Class A(a)
26,671
191,764
Clean Harbors, Inc.(a)
13,429
4,011,914
CoreCivic, Inc.(a)
24,188
734,831
Tetra Tech, Inc.
107,884
3,116,769
 
8,310,366
Communications Equipment — 1.5%
Applied Optoelectronics, Inc.(a)(b)
9,151
1,355,812
Calix, Inc.(a)
39,815
1,485,896
Ciena Corp.(a)
5,392
2,645,099
Extreme Networks, Inc.(a)
15,610
505,296
F5, Inc.(a)
4,291
1,784,884
Harmonic, Inc.(a)
17,892
292,176
Lumentum Holdings, Inc.(a)(b)
3,593
3,083,010
NETGEAR, Inc.(a)(b)
26,362
615,553
Viavi Solutions, Inc.(a)
47,647
2,275,144
Vistance Networks, Inc.
36,342
464,451
 
14,507,321
Construction & Engineering — 3.0%
AECOM
31,990
2,232,902
API Group Corp.(a)
20,685
876,010
Argan, Inc.
891
711,508
Comfort Systems U.S.A., Inc.
4,117
8,159,688
Dycom Industries, Inc.(a)
4,866
2,460,201
EMCOR Group, Inc.
5,554
4,609,154
Everus Construction Group, Inc.(a)
6,240
1,035,528
Fluor Corp.(a)
41,902
2,195,246
MasTec, Inc.(a)
5,770
2,400,666
Sterling Infrastructure, Inc.(a)
2,689
2,257,039
Tutor Perini Corp.
14,788
1,226,960
WillScot Holdings Corp., Class A
8,441
243,607
 
28,408,509
Construction Materials — 0.0%
Knife River Corp.(a)
2,329
194,821
Consumer Finance — 2.0%
Ally Financial, Inc.
58,488
2,687,524
Encore Capital Group, Inc.(a)
4,953
462,065
Enova International, Inc.(a)
17,421
4,193,757
EZCORP, Inc., Class A, NVS(a)
37,662
1,301,975
Figure Technology Solutions, Inc., Class A(a)
4,818
147,961
LendingTree, Inc.(a)
4,205
186,240
Navient Corp.
36,725
312,530
OneMain Holdings, Inc.
61,030
3,720,999
Oportun Financial Corp.(a)
39,964
228,194
PRA Group, Inc.(a)
30,078
571,181
PROG Holdings, Inc.
6,803
317,088
Regional Management Corp.
10,911
449,533
Security
 
Shares
Value
Consumer Finance (continued)
SoFi Technologies, Inc.(a)
139,156
$  2,495,067
Upstart Holdings, Inc.(a)
39,611
1,403,418
 
18,477,532
Consumer Staples Distribution & Retail — 2.9%
Albertsons Cos., Inc., Class A
133,983
1,812,790
Andersons, Inc. (The)
28,952
1,980,317
BJs Wholesale Club Holdings, Inc.(a)
45,097
3,933,360
Caseys General Stores, Inc.
6,420
5,102,552
Chefs Warehouse, Inc. (The)(a)
10,311
990,887
Maplebear, Inc.(a)
29,396
1,391,901
Performance Food Group Co.(a)
48,199
5,388,166
PriceSmart, Inc.
6,415
1,253,106
Sprouts Farmers Market, Inc.(a)
13,060
1,104,615
U.S. Foods Holding Corp.(a)
25,850
2,643,162
United Natural Foods, Inc.(a)
32,731
1,494,825
 
27,095,681
Containers & Packaging — 0.6%
Crown Holdings, Inc.
19,200
2,146,944
Graphic Packaging Holding Co.
247,989
2,621,244
Greif, Inc., Class A, NVS
3,771
280,902
Packaging Corp. of America
2,816
670,996
 
5,720,086
Distributors — 0.7%
Gold.com, Inc.
11,428
475,519
LKQ Corp.
143,412
3,776,038
Pool Corp.
9,856
2,118,054
 
6,369,611
Diversified Consumer Services — 0.8%
Bright Horizons Family Solutions, Inc.(a)
4,217
298,901
Coursera, Inc.(a)
76,343
430,575
Covista, Inc.(a)
2,475
308,533
Duolingo, Inc., Class A(a)
10,085
1,159,977
Frontdoor, Inc.(a)
8,113
629,488
Grand Canyon Education, Inc.(a)
7,371
1,054,864
H&R Block, Inc.
35,277
1,343,348
Laureate Education, Inc., Class A(a)
39,201
1,423,780
Liberty Live Holdings, Inc., Class A(a)
1,139
115,335
Liberty Live Holdings, Inc., Class C, NVS(a)
3,193
337,309
Perdoceo Education Corp.
5,690
182,080
Strategic Education, Inc.
6,175
473,128
 
7,757,318
Diversified REITs — 0.1%
Essential Properties Realty Trust, Inc.
25,707
767,354
Diversified Telecommunication Services — 0.2%
Globalstar, Inc.(a)
5,782
470,019
IDT Corp., Class B
1,722
100,152
Liberty Capital Corp., Class A(a)
238
5,212
Liberty Global Ltd., Class A(a)
26,308
299,122
Liberty Global Ltd., Class C, NVS(a)
15,831
174,141
Lumen Technologies, Inc.(a)
135,455
1,040,294
 
2,088,940
Electric Utilities — 0.6%
MGE Energy, Inc.
1,876
152,969
NRG Energy, Inc.
3,526
515,008
Oklo, Inc., Class A(a)
20,452
1,070,253
Portland General Electric Co.
52,106
2,700,654
TXNM Energy, Inc.
12,934
734,392
 
5,173,276
3

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Electrical Equipment — 2.3%
Acuity, Inc.
2,217
$  835,055
American Superconductor Corp.(a)
2,774
115,149
Atkore, Inc.
5,166
392,823
Bloom Energy Corp., Class A(a)
3,214
972,878
Dpc Holdings Ltd.(a)(b)
2,362
115,880
EnerSys
14,464
3,381,972
Enovix Corp.(a)
7,856
47,686
Forgent Power Solutions, Inc., Class A(a)(b)
14,345
801,312
Generac Holdings, Inc.(a)
9,150
2,679,212
Nextpower, Inc., Class A(a)
12,423
1,480,076
NuScale Power Corp., Class A(a)
79,569
798,077
nVent Electric PLC
30,371
5,151,225
Regal Rexnord Corp.
9,716
2,314,254
Vicor Corp.(a)
4,535
1,722,302
X-Energy, Inc., Class A(a)(b)
28,412
521,644
 
21,329,545
Electronic Equipment, Instruments & Components — 4.0%
Advanced Energy Industries, Inc.
11,509
4,291,361
Arrow Electronics, Inc.(a)
1,598
341,029
Avnet, Inc.
50,048
4,445,263
Cognex Corp.
22,154
1,604,393
Coherent Corp.(a)
7,509
2,962,075
Fabrinet(a)
2,508
1,409,697
Flex Ltd.(a)
23,501
3,808,807
Insight Enterprises, Inc.(a)
5,704
694,747
IPG Photonics Corp.(a)
11,881
1,393,879
Jabil, Inc.
10,258
3,954,254
Littelfuse, Inc.
6,442
2,933,236
Methode Electronics, Inc.
36,022
683,337
nLight, Inc.(a)
6,912
481,214
PC Connection, Inc.
6,185
451,443
Plexus Corp.(a)
2,089
628,100
Sanmina Corp.(a)
9,182
2,323,781
TD SYNNEX Corp.
2,680
716,471
TTM Technologies, Inc.(a)
19,760
3,695,515
Vishay Intertechnology, Inc.
13,676
735,495
 
37,554,097
Energy Equipment & Services — 1.6%
Archrock, Inc.
59,097
2,405,839
Atlas Energy Solutions, Inc.
22,616
375,652
Liberty Energy, Inc., Class A
48,140
1,260,787
NOV, Inc.
55,285
1,025,537
Oceaneering International, Inc.(a)
38,466
1,558,642
Patterson-UTI Energy, Inc.
221,873
2,036,794
ProPetro Holding Corp.(a)
19,072
273,492
TechnipFMC PLC
27,981
1,855,140
Tidewater, Inc.(a)
8,324
554,628
Transocean Ltd.(a)
219,598
1,073,834
Valaris Ltd.(a)
4,679
339,695
Weatherford International PLC
24,955
2,033,833
 
14,793,873
Entertainment — 0.5%
Cinemark Holdings, Inc.
30,713
974,523
Lionsgate Studios Corp.(a)
11,891
182,051
Playtika Holding Corp.
65,505
243,679
Roku, Inc., Class A(a)
22,302
3,080,798
Starz Entertainment Corp.(a)
4,565
131,746
Stubhub Holdings, Inc., Class A(a)
17,878
230,090
 
4,842,887
Financial Services — 1.2%
Affirm Holdings, Inc., Class A(a)
36,634
2,987,503
Security
 
Shares
Value
Financial Services (continued)
Bladex, Inc., Class E
3,613
$  222,091
Cannae Holdings, Inc.
8,754
126,058
Chime Financial, Inc., Class A(a)
165,182
3,382,927
Essent Group Ltd.
8,022
515,654
Euronet Worldwide, Inc.(a)(b)
5,122
374,879
NMI Holdings, Inc., Class A(a)
43,049
1,768,883
Pagseguro Digital Ltd., Class A
14,050
127,153
Velocity Financial, Inc.(a)
16,787
309,888
Voya Financial, Inc.
14,903
1,349,169
Walker & Dunlop, Inc.
4,887
267,319
 
11,431,524
Food Products — 0.2%
Conagra Brands, Inc.
54,230
729,936
Darling Ingredients, Inc.(a)
9,060
494,857
Marzetti Co. (The)
931
106,283
Post Holdings, Inc.(a)
2,187
193,025
Simply Good Foods Co. (The)(a)
9,803
130,184
Vital Farms, Inc.(a)
48,899
568,695
 
2,222,980
Gas Utilities — 1.2%
Brookfield Infrastructure Corp., Class A
53,849
2,073,187
MDU Resources Group, Inc.
21,033
446,110
National Fuel Gas Co.
3,915
302,277
New Jersey Resources Corp.
91,696
5,138,644
ONE Gas, Inc.
12,391
954,974
Southwest Gas Holdings, Inc.
29,705
2,634,239
 
11,549,431
Ground Transportation — 1.1%
Avis Budget Group, Inc.(a)
1,037
153,300
Covenant Logistics Group, Inc., Class A
16,111
711,784
Knight-Swift Transportation Holdings, Inc.
23,874
1,859,068
Lyft, Inc., Class A(a)
76,156
1,112,639
Ryder System, Inc.
4,779
1,260,557
Saia, Inc.(a)
2,983
1,256,320
Werner Enterprises, Inc.
46,449
2,025,641
XPO, Inc.(a)
11,069
2,272,355
 
10,651,664
Health Care Equipment & Supplies — 0.9%
Accuray, Inc.(a)
28,286
7,292
Align Technology, Inc.(a)
2,736
461,454
DENTSPLY SIRONA, Inc.
53,969
572,611
Enovis Corp.(a)
23,567
487,837
Glaukos Corp.(a)
7,245
1,012,561
Inmode Ltd.(a)
19,951
291,684
Inogen, Inc.(a)
6
39
Inspire Medical Systems, Inc.(a)
11,218
500,435
Insulet Corp.(a)
2,449
372,860
iRadimed Corp.
5,456
521,375
IRhythm Holdings, Inc.(a)(b)
5,418
644,471
NeuroPace, Inc.(a)
25,385
403,368
Novocure Ltd.(a)
50,739
768,696
Omnicell, Inc.(a)
6,204
257,590
Penumbra, Inc.(a)
2,202
695,282
QuidelOrtho Corp.(a)
14,105
247,049
RxSight, Inc.(a)
49,104
236,681
Strive, Inc., Class A(a)
11,088
120,970
Tandem Diabetes Care, Inc.(a)
7,572
114,262
TransMedics Group, Inc.(a)
3,732
247,879
 
7,964,396
4

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Health Care Providers & Services — 3.9%
Acadia Healthcare Co., Inc.(a)
6,204
$  183,204
Addus HomeCare Corp.(a)
14,170
1,423,660
agilon health, Inc.(a)
3,819
409,320
AMN Healthcare Services, Inc.(a)
4,280
138,544
Castle Biosciences, Inc.(a)
10,914
260,299
Chemed Corp.
3,554
1,655,240
Clover Health Investments Corp., Class A(a)
42,877
224,675
CorVel Corp.(a)
3,970
248,204
Cross Country Healthcare, Inc.(a)
3,776
49,881
DaVita, Inc.(a)
3,277
729,067
Encompass Health Corp.
48,449
4,897,225
Ensign Group, Inc. (The)
9,946
1,594,344
Fulgent Genetics, Inc.(a)
10,264
210,617
Guardant Health, Inc.(a)
12,582
1,887,677
HealthEquity, Inc.(a)
14,355
1,296,544
Henry Schein, Inc.(a)
23,668
1,976,751
Hims & Hers Health, Inc., Class A(a)(b)
40,427
1,401,604
Hinge Health, Inc., Class A(a)
17,322
1,437,726
LifeStance Health Group, Inc.(a)
132,686
1,421,067
Molina Healthcare, Inc.(a)
11,386
2,603,978
Option Care Health, Inc.(a)
31,676
664,246
PACS Group, Inc.(a)
9,895
421,923
Privia Health Group, Inc.(a)
76,912
1,978,946
RadNet, Inc.(a)
20,582
1,269,292
Select Medical Holdings Corp.
40,998
676,877
Tenet Healthcare Corp.(a)
27,368
5,120,005
Universal Health Services, Inc., Class B
14,988
2,228,566
Viemed Healthcare, Inc.(a)
53,409
608,863
 
37,018,345
Health Care REITs — 0.7%
Alexandria Real Estate Equities, Inc.
52,118
2,754,436
CareTrust REIT, Inc.
8,862
357,582
Healthpeak Properties, Inc.
74,985
1,604,679
Omega Healthcare Investors, Inc.
36,689
1,749,332
 
6,466,029
Health Care Technology — 0.4%
Doximity, Inc., Class A(a)
76,453
1,585,635
Evolent Health, Inc., Class A(a)
169,507
918,728
Health Catalyst, Inc.(a)
27,539
54,803
HeartFlow, Inc.(a)
2,898
85,027
Phreesia, Inc.(a)
61,433
632,146
Schrodinger, Inc.(a)
47,632
774,020
Teladoc Health, Inc.(a)
12,107
102,667
 
4,153,026
Hotel & Resort REITs — 1.0%
Chatham Lodging Trust
87,378
1,156,011
DiamondRock Hospitality Co.
72,936
888,360
Host Hotels & Resorts, Inc.
252,227
5,980,302
RLJ Lodging Trust
63,256
749,584
Sunstone Hotel Investors, Inc.
41,233
472,118
 
9,246,375
Hotels, Restaurants & Leisure — 1.6%
Aramark
60,119
3,420,771
Brightstar Lottery PLC
13,714
147,014
Brinker International, Inc.(a)
2,213
371,784
Caesars Entertainment, Inc.(a)
25,669
774,690
Churchill Downs, Inc.
8,961
803,264
Dave & Busters Entertainment, Inc.(a)
27,851
317,501
Dutch Bros, Inc., Class A(a)
10,111
726,071
Genius Sports Ltd.(a)
26,558
160,941
Hilton Grand Vacations, Inc.(a)
14,310
749,415
Security
 
Shares
Value
Hotels, Restaurants & Leisure (continued)
Kura Sushi U.S.A., Inc., Class A(a)
3,089
$  177,803
Lindblad Expeditions Holdings, Inc.(a)
17,223
486,378
Monarch Casino & Resort, Inc.
1,756
231,107
Planet Fitness, Inc., Class A(a)
11,933
622,545
Rush Street Interactive, Inc., Class A(a)
20,696
615,499
Shake Shack, Inc., Class A(a)
3,476
194,726
Sharplink, Inc.(a)
51,065
245,112
Six Flags Entertainment Corp.(a)
5,443
115,936
Texas Roadhouse, Inc.
4,735
914,944
Travel + Leisure Co.
34,713
2,653,115
Wingstop, Inc.
3,800
658,958
Wyndham Hotels & Resorts, Inc.
3,177
267,535
 
14,655,109
Household Durables — 1.1%
Century Communities, Inc.
8,624
617,996
Champion Homes, Inc.(a)
5,890
519,027
Installed Building Products, Inc.
12,396
2,849,096
Leggett & Platt, Inc.
21,610
253,053
LGI Homes, Inc.(a)
5,940
378,259
M/I Homes, Inc.(a)
14,156
2,276,143
Meritage Homes Corp.
12,213
1,024,060
Mohawk Industries, Inc.(a)
887
107,620
Newell Brands, Inc.
246,422
1,513,031
Toll Brothers, Inc.
3,625
597,219
TopBuild Corp.(a)(b)
1,232
436,781
 
10,572,285
Household Products — 0.1%
Central Garden & Pet Co., Class A, NVS(a)
25,361
983,246
Independent Power and Renewable Electricity Producers — 0.3%
AES Corp. (The)
83,266
1,220,679
Fervo Energy Co., Class A(a)
11,392
332,988
Talen Energy Corp.(a)
3,345
1,285,350
 
2,839,017
Industrial Conglomerates — 0.2%
Brookfield Business Corp., Class A(b)
76,069
2,270,660
Industrial REITs — 0.5%
Americold Realty Trust, Inc.
57,185
898,948
EastGroup Properties, Inc.
2,047
414,579
First Industrial Realty Trust, Inc.
35,793
2,194,469
LXP Industrial Trust
7,470
402,484
Rexford Industrial Realty, Inc.
16,460
551,410
STAG Industrial, Inc.
8,189
311,673
 
4,773,563
Insurance — 3.4%
American Financial Group, Inc.
35,174
4,922,250
AMERISAFE, Inc.
30,852
1,043,723
Assurant, Inc.
6,803
1,826,810
Assured Guaranty Ltd.
30,909
2,477,665
Axis Capital Holdings Ltd.
7,532
809,238
CNO Financial Group, Inc.
10,653
543,090
Donegal Group, Inc., Class A
12,573
237,127
eHealth, Inc.(a)
13,777
20,528
F&G Annuities & Life, Inc.
15,710
417,729
Genworth Financial, Inc., Class A(a)
31,316
296,563
Globe Life, Inc.
4,586
819,426
Hanover Insurance Group, Inc. (The)
9,637
2,063,474
HCI Group, Inc.
1,807
316,677
Kinsale Capital Group, Inc.
1,170
385,878
Lemonade, Inc.(a)
18,610
1,210,581
Mercury General Corp.
8,114
865,115
5

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Insurance (continued)
NI Holdings, Inc.(a)
16,634
$  261,320
Octave Specialty Group, Inc.(a)
26,081
162,745
Oscar Health, Inc., Class A(a)
50,502
1,440,317
Palomar Holdings, Inc.(a)
13,664
1,726,993
Pelagos Insurance Capital Ltd.
6,221
151,481
Reinsurance Group of America, Inc.
25,763
5,478,502
RenaissanceRe Holdings Ltd.
3,207
1,016,298
Root, Inc., Class A(a)
2,849
159,316
Skyward Specialty Insurance Group, Inc.(a)
11,128
649,319
Stewart Information Services Corp.
24,337
1,606,729
Universal Insurance Holdings, Inc.
6,095
252,089
Unum Group
11,211
1,002,263
 
32,163,246
Interactive Media & Services — 0.7%
Angi, Inc., Class A(a)
33,517
199,426
EverQuote, Inc., Class A(a)
52,343
1,245,240
fuboTV, Inc., Class A(a)(b)
29,631
272,605
Grindr, Inc.(a)
46,451
667,501
MediaAlpha, Inc., Class A(a)(b)
14,185
178,305
Pinterest, Inc., Class A(a)
32,954
693,023
QuinStreet, Inc.(a)
44,767
655,837
Shutterstock, Inc.
17,287
241,154
Snap, Inc., Class A, NVS(a)
200,715
891,175
Taboola.com Ltd.(a)(b)
92,264
461,320
Yelp, Inc.(a)
12,602
309,001
ZipRecruiter, Inc., Class A(a)
149,122
559,207
 
6,373,794
IT Services — 0.5%
Amdocs Ltd.
40,421
2,042,877
Applied Digital Corp.(a)(b)
21,915
817,430
DigitalOcean Holdings, Inc.(a)
3,067
481,611
DXC Technology Co.(a)
15,876
140,503
Fastly, Inc., Class A(a)
17,615
323,411
Gartner, Inc.(a)
1,679
217,632
Globant SA(a)(b)
29,771
861,573
 
4,885,037
Leisure Products — 0.5%
Brunswick Corp.
33,590
2,829,621
Hasbro, Inc.
17,904
1,478,691
Peloton Interactive, Inc., Class A(a)
75,704
447,411
Polaris, Inc.
4,838
331,113
 
5,086,836
Life Sciences Tools & Services — 1.2%
Adaptive Biotechnologies Corp.(a)
54,999
1,179,729
Avantor, Inc.(a)
183,829
1,819,907
Azenta, Inc.(a)
26,604
678,934
Bio-Techne Corp.
7,710
544,712
Charles River Laboratories International, Inc.(a)
1,599
362,637
Medpace Holdings, Inc.(a)
1,126
596,318
Personalis, Inc.(a)(b)
33,930
454,662
QIAGEN NV
47,117
1,842,275
Quanterix Corp.(a)
23,849
103,028
Repligen Corp.(a)
1,496
204,114
Revvity, Inc.
12,886
1,433,696
Tempus AI, Inc., Class A(a)
31,725
1,837,829
 
11,057,841
Machinery — 4.3%
Aebi Schmidt Holding AG
21,487
269,662
Allison Transmission Holdings, Inc.
11,914
1,343,184
Chart Industries, Inc.(a)
2,670
557,870
Security
 
Shares
Value
Machinery (continued)
Crane Co.
10,020
$  2,235,161
Donaldson Co., Inc.
51,399
4,614,088
Energy Recovery, Inc.(a)
23,426
211,303
Enerpac Tool Group Corp., Class A
8,400
301,224
Enpro, Inc.
852
321,144
ESCO Technologies, Inc.
2,527
884,551
Federal Signal Corp.
5,591
718,388
Franklin Electric Co., Inc.
13,852
1,484,796
ITT, Inc.
26,475
5,235,696
Kennametal, Inc.
7,630
267,432
Lincoln Electric Holdings, Inc.
10,042
2,666,251
Mueller Industries, Inc.
27,863
3,425,199
Nordson Corp.
1,778
536,405
Oshkosh Corp.
3,726
571,866
Pentair PLC
30,922
2,370,481
RBC Bearings, Inc.(a)
12,625
8,131,257
SPX Technologies, Inc.(a)
4,173
1,023,094
Stanley Black & Decker, Inc.
13,967
1,314,574
Stratasys Ltd.(a)
9,935
85,044
Symbotic, Inc., Class A(a)
2,453
110,262
Titan International, Inc.(a)
16,160
124,594
Trinity Industries, Inc.
16,028
554,248
Worthington Enterprises, Inc.
18,897
1,015,903
 
40,373,677
Marine Transportation — 0.7%
Costamare, Inc.
19,889
278,844
Genco Shipping & Trading Ltd.
32,248
799,106
Kirby Corp.(a)
20,055
2,726,878
Matson, Inc.
12,354
2,374,809
 
6,179,637
Media — 1.5%
Cable One, Inc.(a)
4,141
219,928
DoubleVerify Holdings, Inc.(a)
35,786
387,920
EchoStar Corp., Class A(a)(b)
11,713
1,188,869
Liberty Broadband Corp., Class A(a)
8,567
285,110
Liberty Broadband Corp., Class C, NVS(a)
14,833
493,346
Magnite, Inc.(a)
32,013
607,607
MNTN, Inc., Class A(a)(b)
75,493
694,536
New York Times Co. (The), Class A
31,850
2,228,863
News Corp., Class A, NVS
63,233
1,570,075
News Corp., Class B
22,894
642,406
Nexstar Media Group, Inc., Class A
1,285
229,488
Paramount Skydance Corp., Class B, NVS
101,375
999,557
PubMatic, Inc., Class A(a)
9,866
129,442
Sirius XM Holdings, Inc.
17,716
523,331
Trade Desk, Inc. (The), Class A(a)
142,831
2,582,384
Versant Media Group, Inc.
24,260
873,603
 
13,656,465
Metals & Mining — 2.4%
Alcoa Corp.
13,992
729,543
Alpha Metallurgical Resources, Inc.(a)
5,705
940,983
Century Aluminum Co.(a)
12,148
558,929
Cleveland-Cliffs, Inc.(a)
140,394
1,318,300
Coeur Mining, Inc.
53,519
873,430
Commercial Metals Co.
6,175
387,481
Constellium SE, Class A(a)
70,467
2,245,783
Hecla Mining Co.
55,227
852,153
Kaiser Aluminum Corp.
8,652
1,692,591
Materion Corp.
5,265
1,565,758
MP Materials Corp., Class A(a)(b)
25,005
1,400,530
Ramaco Resources, Inc., Class A(a)
22,435
296,815
6

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Metals & Mining (continued)
Ramaco Resources, Inc., Class B
114
$  975
Reliance, Inc.
15,838
5,917,077
Royal Gold, Inc.
12,802
2,555,407
Ryerson Holding Corp.
23,307
573,585
SSR Mining, Inc.(a)
7,256
205,200
 
22,114,540
Mortgage Real Estate Investment Trusts (REITs) — 0.0%
KKR Real Estate Finance Trust, Inc.
13,579
92,880
Multi-Utilities — 1.2%
Avista Corp.
66,226
2,709,306
Black Hills Corp.
20,026
1,489,934
NiSource, Inc.
113,845
5,413,330
Northwestern Energy Group, Inc.
18,941
1,356,554
 
10,969,124
Office REITs — 0.5%
Brandywine Realty Trust
34,777
110,243
BXP, Inc.
24,530
1,626,584
COPT Defense Properties
8,360
304,220
Cousins Properties, Inc.
19,019
570,190
Hudson Pacific Properties, Inc.(a)
57,678
876,129
Kilroy Realty Corp.
20,301
760,679
 
4,248,045
Oil, Gas & Consumable Fuels — 2.7%
Antero Resources Corp.(a)
13,375
469,997
Ardmore Shipping Corp.
38,820
543,868
Chord Energy Corp.
28,841
3,296,526
Clean Energy Fuels Corp.(a)
63,090
129,334
CNX Resources Corp.(a)
11,582
392,977
CVR Energy, Inc.
11,920
328,277
Delek U.S. Holdings, Inc.
6,017
305,724
DHT Holdings, Inc.
53,301
881,066
Energy Fuels, Inc.(a)(b)
16,444
238,438
EQT Corp.
10,362
550,948
HF Sinclair Corp.
32,012
2,229,636
International Seaways, Inc.
7,359
563,626
Magnolia Oil & Gas Corp., Class A
116,891
2,990,072
Matador Resources Co.
28,668
1,427,093
Murphy Oil Corp.
26,844
874,041
New Era Energy & Digital, Inc.(a)
19,803
126,343
Ovintiv, Inc.
29,780
1,567,917
PBF Energy, Inc., Class A
20,989
955,419
Plains GP Holdings LP, Class A
38,238
928,036
Range Resources Corp.
18,189
676,449
Scorpio Tankers, Inc.
30,050
2,081,263
SM Energy Co.
48,078
1,254,836
Sunococorp LLC
8,892
601,722
Teekay Corp. Ltd.
20,859
208,590
Uranium Energy Corp.(a)
40,417
430,845
World Kinect Corp.
39,282
1,293,949
 
25,346,992
Paper & Forest Products — 0.1%
Clearwater Paper Corp.(a)
6,892
108,067
Sylvamo Corp.
13,638
515,516
 
623,583
Passenger Airlines — 0.7%
Alaska Air Group, Inc.(a)
60,518
3,159,040
American Airlines Group, Inc.(a)
21,649
391,197
Joby Aviation, Inc., Class A(a)(b)
58,900
525,388
SkyWest, Inc.(a)
23,064
2,290,947
 
6,366,572
Security
 
Shares
Value
Personal Care Products — 0.0%
BellRing Brands, Inc.(a)
17,770
$  229,944
Pharmaceuticals — 0.9%
Arvinas, Inc.(a)
38,437
319,411
Atea Pharmaceuticals, Inc.(a)
20,922
97,287
Axsome Therapeutics, Inc.(a)
1,560
381,841
Corcept Therapeutics, Inc.(a)
15,537
1,350,942
Crinetics Pharmaceuticals, Inc.(a)
21,954
821,519
Fulcrum Therapeutics, Inc.(a)
107,523
393,534
Jazz Pharmaceuticals PLC(a)
7,111
1,713,538
LENZ Therapeutics, Inc.(a)
21,310
121,041
Nektar Therapeutics(a)
3,953
275,959
Nuvation Bio, Inc., Class A(a)
47,807
271,544
Ocular Therapeutix, Inc.(a)
80,505
790,559
Perrigo Co. PLC
13,789
143,268
Prestige Consumer Healthcare, Inc.(a)
2,442
115,433
Supernus Pharmaceuticals, Inc.(a)
3,730
173,482
Trevi Therapeutics, Inc.(a)
37,064
691,244
WaVe Life Sciences Ltd.(a)
114,812
667,058
 
8,327,660
Professional Services — 1.4%
Amentum Holdings, Inc.(a)
5,699
117,798
Booz Allen Hamilton Holding Corp., Class A
29,040
1,761,857
CACI International, Inc., Class A(a)
2,128
985,817
CBIZ, Inc.(a)
17,435
559,315
ExlService Holdings, Inc.(a)
128,718
3,328,648
Genpact Ltd.
10,006
275,165
IBEX Holdings Ltd.(a)
18,548
563,303
ICF International, Inc.
4,368
318,253
KBR, Inc.
63,908
2,206,743
ManpowerGroup, Inc.
11,082
374,239
Maximus, Inc.
9,425
506,688
Planet Labs PBC, Class A(a)
33,657
1,115,056
Verra Mobility Corp., Class A(a)
164,560
699,380
Willdan Group, Inc.(a)
7,860
621,726
 
13,433,988
Real Estate Management & Development — 0.4%
Compass, Inc., Class A(a)
18,959
233,764
Jones Lang LaSalle, Inc.(a)
5,753
1,783,142
Newmark Group, Inc., Class A
10,885
164,472
Opendoor Technologies, Inc., Class A(a)
28,425
131,324
Zillow Group, Inc., Class A(a)
5,499
172,504
Zillow Group, Inc., Class C, NVS(a)
40,731
1,283,841
 
3,769,047
Residential REITs — 0.1%
American Homes 4 Rent, Class A
3,545
118,828
Camden Property Trust
4,147
474,790
Clipper Realty, Inc.
18
49
 
593,667
Retail REITs — 2.3%
Agree Realty Corp.
69,255
5,245,374
Brixmor Property Group, Inc.
28,607
901,979
CBL & Associates Properties, Inc.
4,804
255,044
Federal Realty Investment Trust
19,896
2,455,962
FrontView REIT, Inc.
9,038
182,839
Kimco Realty Corp.
129,447
3,281,481
NNN REIT, Inc.
96,849
4,506,384
Regency Centers Corp.
56,180
4,479,793
 
21,308,856
Semiconductors & Semiconductor Equipment — 4.7%
ACM Research, Inc., Class A(a)
2,618
332,198
7

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Semiconductors & Semiconductor Equipment (continued)
Aehr Test Systems(a)
4,114
$  395,191
Alpha & Omega Semiconductor Ltd.(a)
7,064
334,339
Ambarella, Inc.(a)
6,769
580,780
Amkor Technology, Inc.
28,128
2,425,477
Astera Labs, Inc.(a)
1,454
702,311
Axcelis Technologies, Inc.(a)
3,577
677,663
AXT, Inc.(a)
5,469
394,206
Cirrus Logic, Inc.(a)
19,746
2,932,873
Credo Technology Group Holding Ltd.(a)
2,542
691,297
Enphase Energy, Inc.(a)
11,607
571,529
FormFactor, Inc.(a)
15,879
2,539,528
Kulicke & Soffa Industries, Inc.
19,875
2,658,480
Lattice Semiconductor Corp.(a)
24,019
3,673,946
MACOM Technology Solutions Holdings, Inc.(a)(b)
9,619
3,658,779
MaxLinear, Inc.(a)
8,091
1,035,891
MKS, Inc.
6,963
3,097,142
Navitas Semiconductor Corp.(a)
12,948
232,028
Onto Innovation, Inc.(a)
9,257
3,503,312
Photronics, Inc.(a)
12,981
422,272
Qorvo, Inc.(a)
16,095
1,501,181
Rambus, Inc.(a)
15,948
2,116,937
Rigetti Computing, Inc.(a)
21,089
407,439
Semtech Corp.(a)
10,523
1,703,148
Silicon Laboratories, Inc.(a)
13,210
2,887,178
SiTime Corp.(a)
3,124
2,329,129
Skyworks Solutions, Inc.
34,007
2,305,675
Universal Display Corp.
1,841
159,412
 
44,269,341
Software — 5.0%
8x8, Inc.(a)
80,071
136,921
Alarm.com Holdings, Inc.(a)
38,218
1,785,545
Amplitude, Inc., Class A(a)
66,405
507,998
Arteris, Inc.(a)
2,874
139,648
Asana, Inc., Class A(a)
27,333
191,331
Aurora Innovation, Inc., Class A(a)
58,141
396,522
BitMine Immersion Technologies, Inc.
92,054
1,225,239
Box, Inc., Class A(a)
62,777
1,666,102
C3.ai, Inc., Class A(a)(b)
69,046
627,628
Cipher Digital, Inc.(a)
35,341
865,854
Cleanspark, Inc.(a)
25,046
364,419
Core Scientific, Inc.(a)
3,729
95,425
Dolby Laboratories, Inc., Class A
9,961
523,749
Domo, Inc., Class B(a)(b)
25,233
78,979
D-Wave Quantum, Inc.(a)
36,886
884,895
Dynatrace, Inc.(a)
109,549
4,810,297
Elastic NV(a)
18,309
1,043,979
Figma, Inc., Class A(a)(b)
70,125
1,268,561
Gitlab, Inc., Class A(a)
5,563
169,838
Guidewire Software, Inc.(a)
12,097
1,488,536
HubSpot, Inc.(a)
3,271
596,990
Hut 8 Corp.(a)
7,804
900,933
InterDigital, Inc.
6,604
1,869,791
IREN Ltd.(a)
60,406
2,762,366
Klaviyo, Inc., Class A(a)
6,837
103,239
Manhattan Associates, Inc.(a)
17,064
2,376,162
MARA Holdings, Inc.(a)
47,205
655,677
Netskope, Inc., Class A(a)(b)
74,899
819,395
Nutanix, Inc., Class A(a)
56,234
2,865,685
Ooma, Inc.(a)
43,567
837,358
Pagaya Technologies Ltd., Class A(a)
19,922
363,577
Progress Software Corp.(a)
13,706
460,247
Q2 Holdings, Inc.(a)
11,629
559,355
Security
 
Shares
Value
Software (continued)
Qualys, Inc.(a)
10,397
$  1,429,484
Rapid7, Inc.(a)
43,759
354,448
RingCentral, Inc., Class A
23,789
927,295
Riot Platforms, Inc.(a)
45,381
1,242,532
Rubrik, Inc., Class A(a)
16,470
1,322,212
SailPoint, Inc.(a)
10,191
149,196
Sprout Social, Inc., Class A(a)
86,865
655,831
Tenable Holdings, Inc.(a)
43,986
1,622,204
Teradata Corp.(a)
13,459
466,354
Terawulf, Inc.(a)(b)
42,064
1,038,981
Thryv Holdings, Inc.(a)
115,225
453,986
UiPath, Inc., Class A(a)
55,370
601,872
Unity Software, Inc.(a)
27,978
799,611
Varonis Systems, Inc.(a)
28,825
1,209,497
Workiva, Inc., Class A(a)
6,179
299,743
Zeta Global Holdings Corp., Class A(a)
52,113
1,025,584
 
47,041,071
Specialized REITs — 0.7%
CubeSmart
132,834
5,282,808
EPR Properties
26,368
1,529,608
 
6,812,416
Specialty Retail — 2.6%
Abercrombie & Fitch Co., Class A(a)
11,841
1,065,808
American Eagle Outfitters, Inc.
84,134
1,447,105
Asbury Automotive Group, Inc.(a)
2,539
510,542
AutoNation, Inc.(a)
774
143,802
Boot Barn Holdings, Inc.(a)
14,211
2,334,441
Caleres, Inc.
27,569
341,029
Camping World Holdings, Inc., Class A
21,273
162,313
CarMax, Inc.(a)
4,139
218,912
EVgo, Inc., Class A(a)(b)
16,700
31,897
Five Below, Inc.(a)
9,718
1,747,199
Floor & Decor Holdings, Inc., Class A(a)
4,019
238,568
Gap, Inc. (The)
36,502
681,857
Group 1 Automotive, Inc.
6,153
1,791,569
Lithia Motors, Inc., Class A
7,029
2,041,854
Murphy U.S.A., Inc.
2,665
1,436,089
Penske Automotive Group, Inc.
11,619
2,079,220
RealReal, Inc. (The)(a)(b)
35,492
418,451
Revolve Group, Inc., Class A(a)
15,015
343,693
RH(a)
1,416
233,258
Signet Jewelers Ltd.
11,642
1,003,540
Sonic Automotive, Inc., Class A
10,858
920,650
ThredUp, Inc., Class A(a)
75,564
517,613
Upbound Group, Inc.
11,220
238,088
Urban Outfitters, Inc.(a)
15,805
1,119,942
Valvoline, Inc.(a)
17,923
708,675
Victorias Secret & Co.(a)
9,723
811,676
Wayfair, Inc., Class A(a)
13,966
1,290,738
Zumiez, Inc.(a)
27,131
482,932
 
24,361,461
Technology Hardware, Storage & Peripherals — 0.7%
Everpure, Inc., Class A(a)
38,582
3,039,876
IonQ, Inc.(a)
28,837
1,535,859
Sandisk Corp.(a)
770
1,750,772
 
6,326,507
Textiles, Apparel & Luxury Goods — 0.4%
G-III Apparel Group Ltd.
26,794
903,226
Levi Strauss & Co., Class A
14,241
353,604
8

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
Textiles, Apparel & Luxury Goods (continued)
Ralph Lauren Corp., Class A
2,327
$  934,081
Tapestry, Inc.
10,608
1,552,799
 
3,743,710
Tobacco — 0.0%
Turning Point Brands, Inc.
2,134
180,985
Trading Companies & Distributors — 1.9%
Applied Industrial Technologies, Inc.
12,786
4,323,586
BlueLinx Holdings, Inc.(a)
5,837
361,194
Boise Cascade Co.
25,214
1,957,363
DNOW, Inc.(a)
56,125
727,941
GATX Corp.
4,259
754,652
Global Industrial Co.
1,733
57,986
Herc Holdings, Inc.
7,380
1,057,849
McGrath RentCorp
2,589
313,347
QXO, Inc.(a)(b)
33,792
583,926
Rush Enterprises, Inc., Class A
26,414
1,927,826
Watsco, Inc.
3,770
1,571,072
WESCO International, Inc.
10,057
3,473,989
Xometry, Inc., Class A(a)
3,577
345,252
 
17,455,983
Water Utilities — 0.1%
American States Water Co.
1,284
106,097
Essential Utilities, Inc.
30,043
1,150,947
 
1,257,044
Wireless Telecommunication Services — 0.1%
Telephone & Data Systems, Inc.
22,777
842,977
Total Common Stocks — 102.7%
(Cost: $807,611,420)
962,605,294
Rights
Biotechnology — 0.0%
Akero Therapeutics, Inc., CVR(a)(c)
2,290
1,488
Security
 
Shares
Value
Biotechnology (continued)
Blueprint Medicines Corp., CVR(a)(c)
8,512
$  8,427
Poseida Therapeutics, Inc., CVR(a)(c)
4,680
6,833
 
16,748
Consumer Staples Distribution & Retail — 0.0%
Akouos, Inc., CVR(a)(c)
2,192
Walgreens Boots Alliance, Inc., CVR(a)(c)
37,514
19,883
 
19,883
Total Rights — 0.0%
(Cost: $ —)
36,631
Total Long-Term Investments — 102.7%
(Cost: $807,611,420)
962,641,925
Short-Term Securities
Money Market Funds — 3.5%
BlackRock Cash Funds: Institutional, SL Agency Shares,
3.82%(d)(e)(f)
23,132,576
23,139,516
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
3.54%(d)(e)
9,968,489
9,968,489
Total Short-Term Securities — 3.5%
(Cost: $33,106,982)
33,108,005
Total Investments — 106.2%
(Cost: $840,718,402)
995,749,930
Liabilities in Excess of Other Assets — (6.2)%
(57,838,703
)
Net Assets — 100.0%
$  937,911,227
(a)
Non-income producing security.
(b)
All or a portion of this security is on loan.
(c)
Security is valued using significant unobservable inputs and is classified as Level 3 in the
fair value hierarchy.
(d)
Affiliate of the Fund.
(e)
Annualized 7-day yield as of period end.
(f)
All or a portion of this security was purchased with the cash collateral from loaned
securities.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended June 30, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer
Value at
03/31/26
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
06/30/26
Shares
Held at
06/30/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional,
SL Agency Shares
$  15,703,045
$  7,435,334
(a)
$  
$  (835
)
$  1,972
$  23,139,516
23,132,576
$  86,748
(b)
$  
BlackRock Liquidity Funds, T-Fund,
Institutional Shares
8,226,702
1,741,787
(a)
9,968,489
9,968,489
97,299
 
$  (835
)
$  1,972
$  33,108,005
$  184,047
$  
(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 collateral investment fees, and other payments to and
from borrowers of securities.
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.
9

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
Description
Number of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long Contracts
 
 
Russell 2000 E-Mini Index
81
09/18/26
$  12,335
$  205,865
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;
Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
Level 3 — Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (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 that may not have a secondary market and/or may have 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 Funds financial instruments categorized in the fair value hierarchy. The breakdown of the Funds 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
$  33,690,695
$  
$  
$  33,690,695
Air Freight & Logistics
5,967,743
5,967,743
Automobile Components
9,452,681
9,452,681
Automobiles
799,276
799,276
Banks
60,227,938
60,227,938
Beverages
1,873,138
1,873,138
Biotechnology
55,895,425
55,895,425
Broadline Retail
5,668,387
5,668,387
Building Products
15,680,384
15,680,384
Capital Markets
27,694,091
255,164
27,949,255
Chemicals
15,718,579
15,718,579
Commercial Services & Supplies
8,310,366
8,310,366
Communications Equipment
14,507,321
14,507,321
Construction & Engineering
28,408,509
28,408,509
Construction Materials
194,821
194,821
Consumer Finance
18,477,532
18,477,532
Consumer Staples Distribution & Retail
27,095,681
27,095,681
Containers & Packaging
5,720,086
5,720,086
Distributors
6,369,611
6,369,611
Diversified Consumer Services
7,757,318
7,757,318
Diversified REITs
767,354
767,354
Diversified Telecommunication Services
2,088,940
2,088,940
Electric Utilities
5,173,276
5,173,276
Electrical Equipment
21,329,545
21,329,545
Electronic Equipment, Instruments & Components
37,554,097
37,554,097
10

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Common Stocks(continued)
Energy Equipment & Services
$  14,793,873
$  
$  
$  14,793,873
Entertainment
4,842,887
4,842,887
Financial Services
11,431,524
11,431,524
Food Products
2,222,980
2,222,980
Gas Utilities
11,549,431
11,549,431
Ground Transportation
10,651,664
10,651,664
Health Care Equipment & Supplies
7,964,396
7,964,396
Health Care Providers & Services
37,018,345
37,018,345
Health Care REITs
6,466,029
6,466,029
Health Care Technology
4,153,026
4,153,026
Hotel & Resort REITs
9,246,375
9,246,375
Hotels, Restaurants & Leisure
14,655,109
14,655,109
Household Durables
10,572,285
10,572,285
Household Products
983,246
983,246
Independent Power and Renewable Electricity Producers
2,839,017
2,839,017
Industrial Conglomerates
2,270,660
2,270,660
Industrial REITs
4,773,563
4,773,563
Insurance
32,163,246
32,163,246
Interactive Media & Services
6,373,794
6,373,794
IT Services
4,885,037
4,885,037
Leisure Products
5,086,836
5,086,836
Life Sciences Tools & Services
11,057,841
11,057,841
Machinery
40,373,677
40,373,677
Marine Transportation
6,179,637
6,179,637
Media
13,656,465
13,656,465
Metals & Mining
22,114,540
22,114,540
Mortgage Real Estate Investment Trusts (REITs)
92,880
92,880
Multi-Utilities
10,969,124
10,969,124
Office REITs
4,248,045
4,248,045
Oil, Gas & Consumable Fuels
25,346,992
25,346,992
Paper & Forest Products
623,583
623,583
Passenger Airlines
6,366,572
6,366,572
Personal Care Products
229,944
229,944
Pharmaceuticals
8,327,660
8,327,660
Professional Services
13,433,988
13,433,988
Real Estate Management & Development
3,769,047
3,769,047
Residential REITs
593,667
593,667
Retail REITs
21,308,856
21,308,856
Semiconductors & Semiconductor Equipment
44,269,341
44,269,341
Software
47,041,071
47,041,071
Specialized REITs
6,812,416
6,812,416
Specialty Retail
24,361,461
24,361,461
Technology Hardware, Storage & Peripherals
6,326,507
6,326,507
Textiles, Apparel & Luxury Goods
3,743,710
3,743,710
Tobacco
180,985
180,985
Trading Companies & Distributors
17,455,983
17,455,983
Water Utilities
1,257,044
1,257,044
Wireless Telecommunication Services
842,977
842,977
Rights
36,631
36,631
Short-Term Securities
Money Market Funds
33,108,005
33,108,005
 
$  995,458,135
$  255,164
$  36,631
$  995,749,930
Derivative Financial Instruments(a)
Assets
Equity Contracts
$  205,865
$  
$  
$  205,865
(a)
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.
11

Schedule of Investments (unaudited) (continued)
June 30, 2026
BlackRock Advantage SMID Cap Fund, Inc.
Portfolio Abbreviation
CVR
Contingent Value Rights
LP
Limited Partnership
NVS
Non-Voting Shares
REIT
Real Estate Investment Trust
12