NPORT-EX 2 BRFVOF0BR063022.htm
Schedule of Investments (unaudited)
June 30, 2022
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security   Shares Value
Common Stocks
Aerospace & Defense — 1.6%
Aerojet Rocketdyne Holdings, Inc.(a)
      4,397 $      178,518
Astronics Corp.(a)
     13,430       136,583
Axon Enterprise, Inc.(a)
      8,782       818,219
Curtiss-Wright Corp.
     27,233     3,596,390
Hexcel Corp.
      1,881        98,395
Moog, Inc., Class A
      1,728       137,186
V2X, Inc.(a)
      1,016       33,996
      4,999,287
Air Freight & Logistics — 0.4%
Hub Group, Inc., Class A(a)
     16,206    1,149,654
Airlines — 0.2%
Copa Holdings SA, Class A(a)
      2,426       153,736
JetBlue Airways Corp.(a)
     69,155      578,827
      732,563
Auto Components — 0.8%
Adient PLC(a)
     13,596       402,849
Cooper-Standard Holdings, Inc.(a)
     24,848       123,992
Dana, Inc.
      9,489       133,510
Goodyear Tire & Rubber Co.(a)
    146,428     1,568,244
Lear Corp.
      1,493      187,954
      2,416,549
Automobiles — 0.3%
Canoo, Inc.(a)(b)
  39,324   72,749
Thor Industries, Inc.
  5,920   442,402
Winnebago Industries, Inc.
  6,418  311,658
      826,809
Banks — 5.7%
Bank of Hawaii Corp.
  47,202   3,511,829
BankFinancial Corp.
  7,348   68,998
Bar Harbor Bankshares
  4,107   106,207
Capital City Bank Group, Inc.
  1,716   47,859
Eagle Bancorp Montana, Inc.
  1,922   38,267
East West Bancorp, Inc.
  19,788   1,282,262
FB Financial Corp.
  8,364   328,036
First Business Financial Services, Inc.
  1,840   57,390
First Interstate BancSystem, Inc., Class A
  9,030   344,133
First Northwest Bancorp
  4,957   77,329
Hancock Whitney Corp.
  10,694   474,065
Heartland Financial USA, Inc.
  20,739   861,498
HomeTrust Bancshares, Inc.
  6,258   156,450
Independent Bank Corp.
  63,638   1,226,941
Investar Holding Corp.
  1,484   32,500
Lakeland Bancorp, Inc.
  9,843   143,905
Macatawa Bank Corp.
  9,996   88,365
Mercantile Bank Corp.
  5,454   174,255
Midland States Bancorp, Inc.
  24,563   590,494
Oak Valley Bancorp
  837   14,396
OceanFirst Financial Corp.
  16,977   324,770
Origin Bancorp, Inc.
  3,138   121,754
Peapack-Gladstone Financial Corp.
  4,118   122,305
Pinnacle Financial Partners, Inc.
  44,400   3,210,564
Popular, Inc.
  12,971   997,859
Premier Financial Corp.
  1,376   34,882
Republic First Bancorp, Inc.(a)
  94,353   359,485
Towne Bank
  1,817   49,331
UMB Financial Corp.
  1,136   97,810
Washington Federal, Inc.
  4,861   145,927
WesBanco, Inc.
  1,332   42,238
Security   Shares Value
Banks (continued)
Wintrust Financial Corp.
     33,954 $    2,721,413
Zions Bancorp NA
      2,626      133,663
      17,987,180
Beverages — 0.1%
Brown-Forman Corp., Class B
      2,066       144,950
Primo Water Corp.
     18,334      245,309
      390,259
Biotechnology — 3.4%
Agenus, Inc.(a)(b)
     40,146        77,883
Agios Pharmaceuticals, Inc.(a)
      2,250        49,882
Akebia Therapeutics, Inc.(a)
     75,711        26,734
Akouos, Inc.(a)
      2,192        10,280
Alector, Inc.(a)
     27,811       282,560
Alkermes PLC(a)
     13,488       401,808
Allakos, Inc.(a)
     28,596        89,505
Allogene Therapeutics, Inc.(a)
      7,902        90,083
Allovir, Inc.(a)(b)
     12,027        46,905
ALX Oncology Holdings, Inc.(a)
      4,955        40,086
Applied Molecular Transport, Inc.(a)
     16,205        47,157
Arcturus Therapeutics Holdings, Inc.(a)
      2,214        34,848
Arcutis Biotherapeutics, Inc.(a)
      5,040       107,402
Atara Biotherapeutics, Inc.(a)
     18,461       143,811
Atreca, Inc., Class A(a)
     39,923        71,462
Beam Therapeutics, Inc.(a)
  4,918   190,376
Beyondspring, Inc.(a)
  13,140   18,922
Black Diamond Therapeutics, Inc.(a)
  18,150   44,649
Bluebird Bio, Inc.(a)
  35,045   145,086
Blueprint Medicines Corp.(a)
  6,376   322,052
Cabaletta Bio, Inc.(a)
  2,897   3,071
CareDx, Inc.(a)
  11,202   240,619
Cortexyme, Inc.(a)
  8,421   18,695
Deciphera Pharmaceuticals, Inc.(a)
  42,950   564,792
Denali Therapeutics, Inc.(a)
  8,451   248,713
Editas Medicine, Inc.(a)
  17,229   203,819
Emergent BioSolutions, Inc.(a)
  18,368   570,143
Exelixis, Inc.(a)
  53,873   1,121,636
Foghorn Therapeutics, Inc.(a)
  5,601   76,174
Forma Therapeutics Holdings, Inc.(a)
  39,201   270,095
Frequency Therapeutics, Inc.(a)
  9,695   14,542
G1 Therapeutics, Inc.(a)(b)
  11,279   55,718
GlycoMimetics, Inc.(a)
  8,547   5,110
Halozyme Therapeutics, Inc.(a)
  6,122   269,368
Heron Therapeutics, Inc.(a)(b)
  31,711   88,474
Infinity Pharmaceuticals, Inc.(a)
  9,578   6,056
Inhibrx, Inc.(a)
  2,985   33,880
Inozyme Pharma, Inc.(a)
  3,382   16,132
Intercept Pharmaceuticals, Inc.(a)
  5,527   76,328
Ironwood Pharmaceuticals, Inc.(a)
  14,254   164,349
Karyopharm Therapeutics, Inc.(a)
  55,309   249,444
Kiniksa Pharmaceuticals Ltd., Class A(a)
  33,406   323,704
Kodiak Sciences, Inc.(a)
  33,871   258,774
Kronos Bio, Inc.(a)
  79,871   290,730
MacroGenics, Inc.(a)
  29,003   85,559
Metacrine, Inc.(a)(b)
  10,531   5,264
Mirum Pharmaceuticals, Inc.(a)
  8,645   168,232
Neurocrine Biosciences, Inc.(a)
  2,189   213,384
NextCure, Inc.(a)
  14,717   69,170
Novavax, Inc.(a)
  8,345   429,183
Olema Pharmaceuticals, Inc.(a)
  35,117   142,926
Oncorus, Inc.(a)
  2,294   2,890
Passage Bio, Inc.(a)
  10,758   25,389
PhaseBio Pharmaceuticals, Inc.(a)
  12,789   7,672
 
1
Schedule of Investments (unaudited)  (continued)
June 30, 2022
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security   Shares Value
Biotechnology (continued)
Poseida Therapeutics, Inc.(a)
     25,616 $       66,089
Precision BioSciences, Inc.(a)
     19,743        31,589
PTC Therapeutics, Inc.(a)
      5,996       240,200
Puma Biotechnology, Inc.(a)
      4,939        14,076
Recursion Pharmaceuticals, Inc., Class A(a)
     12,868       104,746
Rocket Pharmaceuticals, Inc.(a)
      2,225        30,616
Sana Biotechnology, Inc.(a)
      7,096        45,627
Sangamo Therapeutics, Inc.(a)
     28,646       118,594
Scholar Rock Holding Corp.(a)
     10,851        59,572
Silverback Therapeutics, Inc.(a)
     13,962        59,199
Solid Biosciences, Inc.(a)
     10,839         6,672
Sorrento Therapeutics, Inc.(a)(b)
     23,681        47,599
Spruce Biosciences, Inc.(a)
        690         1,201
SQZ Biotechnologies Co.(a)
      1,031         3,279
Sutro Biopharma, Inc.(a)
     20,974       109,275
Taysha Gene Therapies, Inc.(a)
     32,997       122,749
Twist Bioscience Corp.(a)
      2,041        71,353
Ultragenyx Pharmaceutical, Inc.(a)
      7,492       446,973
UroGen Pharma Ltd.(a)
      3,041        24,906
Veracyte, Inc.(a)
      9,950       198,005
Verve Therapeutics, Inc.(a)
      6,134        93,728
Vincerx Pharma, Inc.(a)
      8,097        10,688
Vir Biotechnology, Inc.(a)
      9,111       232,057
Voyager Therapeutics, Inc.(a)(b)
  11,249   66,482
X4 Pharmaceuticals, Inc.(a)
  10,021  9,670
      10,776,471
Building Products — 2.4%
A O Smith Corp.
  10,177   556,478
Builders FirstSource, Inc.(a)
  47,917   2,573,143
Fortune Brands Home & Security, Inc.
  2,015   120,658
Owens Corning
  48,057   3,571,116
Trex Co., Inc.(a)
  12,195  663,652
      7,485,047
Capital Markets — 2.4%
Carlyle Group, Inc.
  52,814   1,672,091
Cboe Global Markets, Inc.
  3,038   343,871
FactSet Research Systems, Inc.
  1,338   514,555
Jefferies Financial Group, Inc.
  74,116   2,047,084
MarketAxess Holdings, Inc.
  144   36,865
Raymond James Financial, Inc.
  439   39,229
Stifel Financial Corp.
  53,935  3,021,439
      7,675,134
Chemicals — 3.0%
Ashland Global Holdings, Inc.
  9,052   932,809
Avient Corp.
  24,203   970,056
Cabot Corp.
  2,623   167,321
CF Industries Holdings, Inc.
  13,524   1,159,413
Hawkins, Inc.
  4,334   156,154
HB Fuller Co.
  23,294   1,402,532
Huntsman Corp.
  25,049   710,139
Livent Corp.(a)
  23,303   528,745
Mosaic Co.(b)
  27,737   1,310,018
Westlake Corp.
  21,416  2,099,196
      9,436,383
Commercial Services & Supplies — 1.0%
Cimpress PLC(a)
  1,828   71,109
Kimball International, Inc., Class B
  8,926   68,462
MSA Safety, Inc.
  750   90,803
Security   Shares Value
Commercial Services & Supplies (continued)
Steelcase, Inc., Class A
     13,409 $      143,879
Tetra Tech, Inc.
     21,059    2,875,606
      3,249,859
Communications Equipment — 1.5%
Applied Optoelectronics, Inc.(a)(b)
      8,398        13,017
Calix, Inc.(a)
      2,618        89,378
Ciena Corp.(a)
     23,178     1,059,235
Juniper Networks, Inc.
    127,826    3,643,041
      4,804,671
Construction & Engineering — 1.2%
AECOM
        575        37,502
Ameresco, Inc., Class A(a)
      1,528        69,616
Fluor Corp.(a)
     19,677       478,938
MasTec, Inc.(a)
     29,687     2,127,370
Matrix Service Co.(a)
     42,018       212,611
Quanta Services, Inc.
      7,753       971,761
Valmont Industries, Inc.
        138       30,999
      3,928,797
Consumer Finance — 0.8%
Ally Financial, Inc.
     47,440     1,589,715
Encore Capital Group, Inc.(a)
        526        30,387
LendingClub Corp.(a)
     14,370       167,985
LendingTree, Inc.(a)
      8,099       354,898
PROG Holdings, Inc.(a)
  26,652  439,758
      2,582,743
Containers & Packaging — 0.2%
Greif, Inc., Class A
  557   34,746
Packaging Corp. of America
  4,826  663,575
      698,321
Distributors — 0.2%
Pool Corp.
  1,803  633,268
Diversified Consumer Services — 0.3%
Laureate Education, Inc.
  16,554   191,530
Service Corp. International
  9,392  649,175
      840,705
Diversified Financial Services — 1.2%
Voya Financial, Inc.
  64,168  3,819,921
Diversified Telecommunication Services — 1.3%
Bandwidth, Inc., Class A(a)
  13,688   257,608
EchoStar Corp., Class A(a)
  50,782   980,093
Iridium Communications, Inc.(a)
  79,045  2,968,930
      4,206,631
Electric Utilities — 0.6%
NRG Energy, Inc.
  7,776   296,810
Portland General Electric Co.
  36,382  1,758,342
      2,055,152
Electrical Equipment — 0.8%
Atkore, Inc.(a)
  6,967   578,331
Bloom Energy Corp., Class A(a)(b)
  21,458   354,057
Hubbell, Inc.
  330   58,931
nVent Electric PLC
  2,118   66,357
Regal Rexnord Corp.
  7,905   897,375
Sunrun, Inc.(a)
  24,441  570,942
      2,525,993
Electronic Equipment, Instruments & Components — 2.6%
Avnet, Inc.
  85,629   3,671,772
ePlus, Inc.(a)
  5,092   270,487
Itron, Inc.(a)
  32,646   1,613,692
 
2
Schedule of Investments (unaudited)  (continued)
June 30, 2022
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security   Shares Value
Electronic Equipment, Instruments & Components (continued)
Jabil, Inc.
      3,976 $      203,611
Littelfuse, Inc.
      7,191     1,826,802
National Instruments Corp.
      8,041       251,120
ScanSource, Inc.(a)
     11,296      351,757
      8,189,241
Energy Equipment & Services — 0.5%
Nabors Industries Ltd.(a)
        698        93,462
Newpark Resources, Inc.(a)
     34,768       107,433
Oceaneering International, Inc.(a)
     46,180       493,203
ProPetro Holding Corp.(a)
     37,907       379,070
Schlumberger NV
     14,179       507,041
TechnipFMC PLC(a)
     18,048      121,463
      1,701,672
Entertainment — 0.2%
Cinemark Holdings, Inc.(a)(b)
     25,930       389,468
Lions Gate Entertainment Corp., Class A(a)(b)
     14,032      130,638
      520,106
Equity Real Estate Investment Trusts (REITs) — 8.3%
Alpine Income Property Trust, Inc.
      7,514       134,651
American Homes 4 Rent, Class A
     91,510     3,243,114
Ashford Hospitality Trust, Inc.(a)
     18,699       111,820
Braemar Hotels & Resorts, Inc.
    113,683       487,700
Brixmor Property Group, Inc.
    143,281     2,895,709
Camden Property Trust
  4,298   577,995
Clipper Realty, Inc.
  18   139
CorEnergy Infrastructure Trust, Inc.
  20,944   52,779
CubeSmart
  62,805   2,683,030
EastGroup Properties, Inc.
  16,933   2,613,270
Equity LifeStyle Properties, Inc.
  36,236   2,553,551
First Industrial Realty Trust, Inc.
  76,143   3,615,270
Highwoods Properties, Inc.
  94,366   3,226,373
Lamar Advertising Co., Class A
  541   47,592
Life Storage, Inc.
  22,791   2,544,843
National Storage Affiliates Trust
  8,969   449,078
Paramount Group, Inc.
  4,258   30,785
Park Hotels & Resorts, Inc.
  13,985   189,776
Regency Centers Corp.
  14,857  881,169
      26,338,644
Food & Staples Retailing — 0.1%
Andersons, Inc.
  1,447   47,737
Natural Grocers by Vitamin Cottage, Inc.
  1,395   22,250
Performance Food Group Co.(a)
  3,754   172,609
Rite Aid Corp.(a)
  12,946  87,256
      329,852
Food Products — 1.2%
Bunge Ltd.
  17,665   1,602,039
Flowers Foods, Inc.
  3,058   80,487
Sanderson Farms, Inc.
  7,667   1,652,468
Seneca Foods Corp., Class A(a)
  2,959   164,343
Vital Farms, Inc.(a)
  25,516  223,265
      3,722,602
Gas Utilities — 0.1%
Brookfield Infrastructure Corp., Class A
  8,676  368,730
Health Care Equipment & Supplies — 2.5%
Accuray, Inc.(a)(b)
  28,837   56,521
Bausch + Lomb Corp.(a)(b)
  35,896   547,055
Butterfly Network, Inc.(a)
  33,150   101,770
Eargo, Inc.(a)
  32,370   24,339
Enovis Corp.(a)
  1,979   108,845
Security   Shares Value
Health Care Equipment & Supplies (continued)
Envista Holdings Corp.(a)
     10,230 $      394,264
Figs, Inc., Class A(a)
      5,963        54,323
Globus Medical, Inc., Class A(a)
     16,694       937,201
Heska Corp.(a)
      1,561       147,530
Integer Holdings Corp.(a)
        841        59,425
Integra LifeSciences Holdings Corp.(a)
      5,485       296,355
Masimo Corp.(a)
      4,187       547,115
Merit Medical Systems, Inc.(a)
     17,855       968,991
Natus Medical, Inc.(a)
      7,995       261,996
Nevro Corp.(a)
      2,899       127,063
Novocure Ltd.(a)
        585        40,658
NuVasive, Inc.(a)
        788        38,738
Omnicell, Inc.(a)
     14,428     1,641,185
OraSure Technologies, Inc.(a)
      8,113        21,986
Penumbra, Inc.(a)
      5,657       704,410
QuidelOrtho Corp.(a)
      3,397       330,120
Sientra, Inc.(a)(b)
     11,406         9,555
Tactile Systems Technology, Inc.(a)
     11,867        86,629
Tandem Diabetes Care, Inc.(a)
      7,315      432,975
      7,939,049
Health Care Providers & Services — 2.8%
1Life Healthcare, Inc.(a)
     70,931       556,099
Accolade, Inc.(a)
     14,077       104,170
AMN Healthcare Services, Inc.(a)
  6,584   722,331
Aveanna Healthcare Holdings, Inc.(a)
  6,993   15,804
Brookdale Senior Living, Inc.(a)
  11,206   50,875
DaVita, Inc.(a)
  5,712   456,732
Ensign Group, Inc.
  51,173   3,759,680
Henry Schein, Inc.(a)
  13,115   1,006,445
Invitae Corp.(a)
  85,437   208,466
LHC Group, Inc.(a)
  1,833   285,471
Molina Healthcare, Inc.(a)
  5,385   1,505,700
Option Care Health, Inc.(a)
  7,855   218,291
Tenet Healthcare Corp.(a)
  2,306  121,203
      9,011,267
Health Care Technology — 0.8%
Allscripts Healthcare Solutions, Inc.(a)
  28,479   422,344
American Well Corp., Class A(a)
  99,160   428,371
Evolent Health, Inc., Class A(a)
  4,189   128,644
Health Catalyst, Inc.(a)
  28,270   409,632
NextGen Healthcare, Inc.(a)
  3,908   68,155
Phreesia, Inc.(a)
  17,360   434,174
Schrodinger, Inc.(a)
  2,333   61,615
Tabula Rasa HealthCare, Inc.(a)
  28,223   72,533
Teladoc Health, Inc.(a)
  16,535  549,127
      2,574,595
Hotels, Restaurants & Leisure — 3.9%
Boyd Gaming Corp.
  538   26,766
Choice Hotels International, Inc.
  17,313   1,932,650
International Game Technology PLC
  56,881   1,055,711
NEOGAMES SA(a)
  3,455   46,332
Norwegian Cruise Line Holdings Ltd.(a)
  5,284   58,758
Papa John’s International, Inc.
  439   36,665
PlayAGS, Inc.(a)
  7,155   36,920
Shake Shack, Inc., Class A(a)
  24,248   957,311
Texas Roadhouse, Inc.
  17,435   1,276,242
Travel + Leisure Co.
  94,820   3,680,912
Wendy’s Co.
  88,582   1,672,428
Wingstop, Inc.
  21,919  1,638,884
      12,419,579
 
3
Schedule of Investments (unaudited)  (continued)
June 30, 2022
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security   Shares Value
Household Durables — 0.4%
GoPro, Inc., Class A(a)
     56,943 $      314,895
iRobot Corp.(a)
     15,303       562,385
Sonos, Inc.(a)
     10,112       182,420
Toll Brothers, Inc.
      3,276      146,110
      1,205,810
Household Products — 0.3%
Central Garden & Pet Co., Class A(a)
     26,015    1,040,860
Independent Power and Renewable Electricity Producers — 0.6%
Brookfield Renewable Corp., Class A
     49,810     1,773,734
Clearway Energy, Inc., Class A
      6,626      211,833
      1,985,567
Insurance — 3.1%
Bright Health Group, Inc.(a)
     30,452        55,423
Crawford & Co., Class A
      2,123        16,559
Hanover Insurance Group, Inc.
     26,323     3,849,739
Investors Title Co.
        154        24,161
Lincoln National Corp.
      4,533       212,008
Old Republic International Corp.
     44,718       999,895
Reinsurance Group of America, Inc.
     19,424     2,278,241
Unum Group
      6,844       232,833
W. R. Berkley Corp.
     33,566    2,291,215
      9,960,074
Interactive Media & Services — 0.2%
Eventbrite, Inc., Class A(a)
  25,839   265,366
fuboTV, Inc.(a)(b)
  23,249   57,425
Liberty TripAdvisor Holdings, Inc., Class A(a)
  8,568   6,483
Outbrain, Inc.(a)
  18,835   94,740
Vimeo, Inc.(a)
  43,330  260,847
      684,861
Internet & Direct Marketing Retail — 0.4%
1-800-Flowers.com, Inc., Class A(a)
  24,566   233,623
Lands’ End, Inc.(a)
  6,607   70,166
Overstock.com, Inc.(a)
  20,116   503,101
RealReal, Inc.(a)
  83,884   208,871
Stitch Fix, Inc., Class A(a)(b)
  81,015  400,214
      1,415,975
IT Services — 2.1%
BigCommerce Holdings, Inc., Series 1(a)
  7,446   120,625
Conduent, Inc.(a)
  111,869   483,274
CSG Systems International, Inc.
  1,344   80,210
Euronet Worldwide, Inc.(a)
  1,205   121,211
Flywire Corp.(a)
  15,737   277,443
Genpact Ltd.
  52,309   2,215,809
Jack Henry & Associates, Inc.
  1,058   190,461
MongoDB, Inc.(a)
  4,924   1,277,778
Paysafe Ltd.(a)
  14,347   27,977
Sabre Corp.(a)
  19,467   113,493
StoneCo Ltd., Class A(a)
  59,997   461,977
Western Union Co.
  48,072   791,746
WEX, Inc.(a)
  2,440   379,567
Wix.com Ltd.(a)
  808  52,964
      6,594,535
Leisure Products — 0.6%
Brunswick Corp.
  18,535   1,211,819
Mattel, Inc.(a)
  32,731  730,883
      1,942,702
Life Sciences Tools & Services — 2.9%
Adaptive Biotechnologies Corp.(a)(b)
  32,802   265,368
Berkeley Lights, Inc.(a)
  24,094   119,747
Security   Shares Value
Life Sciences Tools & Services (continued)
Bruker Corp.
     52,065 $    3,267,600
Medpace Holdings, Inc.(a)
      1,961       293,503
Personalis, Inc.(a)
    112,472       388,028
Repligen Corp.(a)
      9,242     1,500,901
Singular Genomics Systems, Inc.(a)
     13,189        50,382
Syneos Health, Inc.(a)
     47,974    3,438,776
      9,324,305
Machinery — 4.3%
AGCO Corp.
     14,190     1,400,553
Allison Transmission Holdings, Inc.
      6,261       240,735
Altra Industrial Motion Corp.
      4,205       148,226
Astec Industries, Inc.
      1,359        55,420
Desktop Metal, Inc., Class A(a)
     53,244       117,137
Donaldson Co., Inc.
     48,377     2,328,869
Hurco Cos., Inc.
      1,888        46,709
Hyliion Holdings Corp.(a)
     18,234        58,714
Manitowoc Co., Inc.(a)
     17,831       187,760
Meritor, Inc.(a)
      4,063       147,609
Oshkosh Corp.
     15,470     1,270,706
Pentair PLC
     54,179     2,479,773
Snap-on, Inc.
     17,515     3,450,980
Timken Co.
     32,183    1,707,308
      13,640,499
Marine — 0.2%
Matson, Inc.
  6,471  471,606
Media — 1.2%
AMC Networks, Inc., Class A(a)
  2,668   77,692
Cardlytics, Inc.(a)
  8,931   199,251
comScore, Inc.(a)
  13,276   27,349
Entravision Communications Corp., Class A
  7,528   34,328
EW Scripps Co., Class A(a)
  3,841   47,897
Interpublic Group of Cos., Inc.
  67,625   1,861,716
News Corp., Class A
  11,040   172,003
News Corp., Class B
  43,638   693,408
Nexstar Media Group, Inc., Class A
  2,460   400,685
TEGNA, Inc.
  4,858   101,872
Thryv Holdings, Inc.(a)
  2,552  57,139
      3,673,340
Metals & Mining — 1.8%
Hecla Mining Co.
  36,508   143,111
Reliance Steel & Aluminum Co.
  21,371   3,630,078
Royal Gold, Inc.
  6,888   735,501
Ryerson Holding Corp.
  2,397   51,032
Schnitzer Steel Industries, Inc., Class A
  10,610   348,433
Steel Dynamics, Inc.
  5,608   370,969
United States Steel Corp.
  24,802  444,204
      5,723,328
Mortgage Real Estate Investment Trusts (REITs) — 0.1%
Arbor Realty Trust, Inc.
  7,571   99,256
Granite Point Mortgage Trust, Inc.
  3,218   30,796
Great Ajax Corp.
  16,284   156,164
TPG RE Finance Trust, Inc.
  9,595  86,451
      372,667
Multiline Retail — 0.4%
Dillard’s, Inc., Class A
  3,409   751,923
Kohl’s Corp.
  8,691   310,182
Macy’s, Inc.
  19,347  354,437
      1,416,542
 
4
Schedule of Investments (unaudited)  (continued)
June 30, 2022
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security   Shares Value
Multi-Utilities — 1.3%
Black Hills Corp.
     52,154 $    3,795,247
NorthWestern Corp.
      4,999      294,591
      4,089,838
Oil, Gas & Consumable Fuels — 4.0%
Amplify Energy Corp.(a)
      3,743        24,479
APA Corp.
     11,751       410,110
Ardmore Shipping Corp.(a)
     10,706        74,621
Chesapeake Energy Corp.
      6,919       561,131
Chord Energy Corp.
      4,454       541,829
CNX Resources Corp.(a)
     22,846       376,045
Delek U.S. Holdings, Inc.(a)
     17,676       456,748
Devon Energy Corp.
     23,165     1,276,623
EOG Resources, Inc.
     17,315     1,912,269
Equitrans Midstream Corp.
     13,057        83,042
Excelerate Energy, Inc., Class A(a)
      1,849        36,832
Marathon Oil Corp.
    124,678     2,802,761
Murphy Oil Corp.
     12,516       377,858
Ovintiv, Inc.
     32,752     1,447,311
Scorpio Tankers, Inc.
      4,460       153,915
Targa Resources Corp.
     36,546    2,180,700
      12,716,274
Personal Products — 0.6%
Coty, Inc., Class A(a)
     58,590       469,306
Herbalife Nutrition Ltd.(a)
  35,000   715,750
Honest Co., Inc.(a)
  12,954   37,826
Medifast, Inc.
  4,329   781,428
Nature’s Sunshine Products, Inc.(a)
  3,272   34,912
NewAge, Inc.(a)
  11,190  2,506
      2,041,728
Pharmaceuticals — 1.1%
Atea Pharmaceuticals, Inc.(a)
  34,318   243,658
Nektar Therapeutics(a)(b)
  147,102   558,987
NGM Biopharmaceuticals, Inc.(a)
  35,488   454,956
Perrigo Co. PLC
  52,456   2,128,140
Pliant Therapeutics, Inc.(a)
  29,484  236,167
      3,621,908
Professional Services — 3.0%
ASGN, Inc.(a)
  2,722   245,661
Booz Allen Hamilton Holding Corp.
  22,467   2,030,118
Franklin Covey Co.(a)
  4,981   230,023
Insperity, Inc.
  25,025   2,498,246
KBR, Inc.
  44,739   2,164,920
Kelly Services, Inc., Class A
  14,569   288,903
Kforce, Inc.
  8,038   493,051
ManpowerGroup, Inc.
  14,462   1,105,041
Mistras Group, Inc.(a)
  19,091   113,401
Science Applications International Corp.
  4,545  423,139
      9,592,503
Real Estate Management & Development — 0.3%
Altisource Portfolio Solutions SA(a)
  5,759   61,852
Anywhere Real Estate, Inc.(a)
  36,425   358,058
Marcus & Millichap, Inc.
  10,651   393,980
Opendoor Technologies, Inc.(a)
  21,487   101,204
Redfin Corp.(a)
  4,048  33,355
      948,449
Road & Rail — 0.7%
Covenant Logistics Group, Inc.
  6,754   169,458
Landstar System, Inc.
  1,087   158,071
Security   Shares Value
Road & Rail (continued)
Ryder System, Inc.
      3,151 $      223,910
Schneider National, Inc., Class B
     75,618    1,692,331
      2,243,770
Semiconductors & Semiconductor Equipment — 2.6%
Amkor Technology, Inc.
      2,166        36,714
Cirrus Logic, Inc.(a)
      3,178       230,532
Enphase Energy, Inc.(a)
        616       120,268
Entegris, Inc.
      4,163       383,537
Lattice Semiconductor Corp.(a)
      9,556       463,466
MaxLinear, Inc.(a)
     10,681       362,940
Monolithic Power Systems, Inc.
        217        83,337
Power Integrations, Inc.
     17,281     1,296,248
Semtech Corp.(a)
     21,689     1,192,244
Silicon Laboratories, Inc.(a)
     26,238     3,679,092
SunPower Corp.(a)
     24,202      382,634
      8,231,012
Software — 6.6%
ACI Worldwide, Inc.(a)
      4,267       110,473
Avaya Holdings Corp.(a)
     66,779       149,585
Bill.com Holdings, Inc.(a)(b)
      1,558       171,286
Blackline, Inc.(a)
      2,253       150,050
BTRS Holdings, Inc., Class A(a)
     36,159       180,072
C3.ai, Inc., Class A(a)
     44,819       818,395
Ceridian HCM Holding, Inc.(a)
  12,845   604,743
Coupa Software, Inc.(a)
  6,137   350,423
Digital Turbine, Inc.(a)
  11,462   200,241
Domo, Inc., Class B(a)
  11,698   325,204
Elastic NV(a)
  23,575   1,595,320
Fair Isaac Corp.(a)
  2,761   1,106,885
HubSpot, Inc.(a)
  794   238,716
LivePerson, Inc.(a)
  60,898   861,098
LiveRamp Holdings, Inc.(a)
  12,892   332,742
Manhattan Associates, Inc.(a)
  12,610   1,445,106
New Relic, Inc.(a)
  8,525   426,676
PagerDuty, Inc.(a)(b)
  75,866   1,879,959
Paylocity Holding Corp.(a)
  13,390   2,335,484
PROS Holdings, Inc.(a)
  3,564   93,484
Q2 Holdings, Inc.(a)
  12,484   481,508
Qualys, Inc.(a)
  1,002   126,392
Rapid7, Inc.(a)(b)
  32,156   2,148,021
RingCentral, Inc., Class A(a)
  33,565   1,754,107
Smartsheet, Inc., Class A(a)
  6,232   195,872
Sumo Logic, Inc.(a)
  8,904   66,691
Tenable Holdings, Inc.(a)
  14,529   659,762
Teradata Corp.(a)
  8,401   310,921
Varonis Systems, Inc.(a)
  33,149   971,929
Yext, Inc.(a)
  19,293   92,220
Zendesk, Inc.(a)
  11,396  844,102
      21,027,467
Specialty Retail — 3.0%
Aaron’s Co., Inc.
  5,686   82,731
American Eagle Outfitters, Inc.
  15,238   170,361
Asbury Automotive Group, Inc.(a)
  923   156,301
AutoNation, Inc.(a)
  19,006   2,124,110
Chico’s FAS, Inc.(a)
  8,643   42,956
Citi Trends, Inc.(a)
  857   20,268
Conn’s, Inc.(a)
  26,036   208,809
Designer Brands, Inc., Class A
  12,934   168,918
Dick’s Sporting Goods, Inc.
  40,600   3,060,022
Foot Locker, Inc.(c)
  4,860   122,715
Gap, Inc.
  46,458   382,814
 
5
Schedule of Investments (unaudited)  (continued)
June 30, 2022
BlackRock Advantage SMID Cap Fund, Inc.
(Percentages shown are based on Net Assets)
Security   Shares Value
Specialty Retail (continued)
Haverty Furniture Cos., Inc.
      1,480 $       34,306
Lithia Motors, Inc.
      3,270       898,629
MarineMax, Inc.(a)
     16,967       612,848
Shift Technologies, Inc.(a)(b)
     26,791        18,033
Signet Jewelers Ltd.
      2,811       150,276
Sonic Automotive, Inc., Class A
      1,900        69,597
Urban Outfitters, Inc.(a)
      2,945        54,954
Williams-Sonoma, Inc.
     10,516    1,166,750
      9,545,398
Technology Hardware, Storage & Peripherals — 0.1%
Pure Storage, Inc., Class A(a)
      8,212      211,130
Textiles, Apparel & Luxury Goods — 0.7%
Capri Holdings Ltd.(a)
      8,617       353,383
Carter’s, Inc.
      6,740       475,035
Crocs, Inc.(a)
     11,866       577,518
Fossil Group, Inc.(a)
     13,507        69,831
G-III Apparel Group Ltd.(a)
      4,986       100,867
Ralph Lauren Corp.
      3,957       354,745
Under Armour, Inc., Class A(a)
     46,022       383,364
Unifi, Inc.(a)
      3,437       48,324
      2,363,067
Thrifts & Mortgage Finance — 2.1%
Essent Group Ltd.
     42,305     1,645,664
Federal Agricultural Mortgage Corp., Class C
  23,791   2,323,191
Flagstar Bancorp, Inc.
  2,695   95,538
Merchants Bancorp
  3,862   87,552
MGIC Investment Corp.
  19,233   242,336
New York Community Bancorp, Inc.
  155,357   1,418,409
NMI Holdings, Inc., Class A(a)
  4,752   79,121
Radian Group, Inc.
  26,817   526,954
Southern Missouri Bancorp, Inc.
  853   38,607
Western New England Bancorp, Inc.
  16,148  120,464
      6,577,836
Trading Companies & Distributors — 1.7%
Applied Industrial Technologies, Inc.
  6,793   653,283
GATX Corp.
  4,705   443,023
Herc Holdings, Inc.
  1,156   104,213
MRC Global, Inc.(a)
  11,693   116,462
Rush Enterprises, Inc., Class A
  23,690   1,141,858
Security   Shares Value
Trading Companies & Distributors (continued)
SiteOne Landscape Supply, Inc.(a)
     11,291 $    1,342,161
Univar Solutions, Inc.(a)
     14,334       356,487
Watsco, Inc.
      5,126    1,224,191
      5,381,678
Wireless Telecommunication Services — 0.1%
United States Cellular Corp.(a)
      9,972      288,789
Total Common Stocks — 98.9%

(Cost: $365,598,160)
314,670,252
Rights
Pharmaceuticals — 0.0%
Zogenix, Inc., CVR(a)
      3,373        2,294
Total Rights — 0.0%

(Cost: $ —)
2,294
Total Long-Term Investments — 98.9%

(Cost: $365,598,160)
314,672,546
Short-Term Securities(d)(e)
Money Market Funds — 1.9%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 1.33%
  3,476,744     3,476,744
SL Liquidity Series, LLC, Money Market Series, 1.73%(f)
  2,619,990    2,619,466
Total Short-Term Securities — 1.9%

(Cost: $6,096,170)
6,096,210
Total Investments — 100.8%

(Cost: $371,694,330)
320,768,756
Liabilities in Excess of Other Assets — (0.8)%
(2,640,782)
Net Assets — 100.0%
$  318,127,974
(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, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer Value at
03/31/22 		Purchases
at Cost 		Proceeds
from Sale 		Net
Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Value at
06/30/22 		Shares
Held at
06/30/22 		Income   Capital
Gain
Distributions
from Underlying
Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class
$  6,423,445 $  — $  (2,946,701)(a) $  —   $  —   $  3,476,744 3,476,744 $  5,092   $  —
SL Liquidity Series, LLC, Money Market Series
 751,630  1,867,893(a)  —  32    (89)    2,619,466 2,619,990  8,515(b)    —
        $  32   $  (89)   $  6,096,210   $  13,607   $  —
(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.
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.
6
Schedule of Investments (unaudited)  (continued)
June 30, 2022
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        
E-Mini S&P 500 Index
19 09/16/22 $  3,600 $  (67,547)
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
•    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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
Certain investments of the Fund 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 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 
$  314,547,537   $  —   $  122,715   $  314,670,252
Rights 
 —    2,294    —     2,294
Short-Term Securities              
Money Market Funds
 3,476,744    —    —    3,476,744
  $  318,024,281   $  2,294   $  122,715   318,149,290
Investments valued at NAV(a)
            2,619,466
              $  320,768,756
Derivative Financial Instruments(b)              
Liabilities              
Equity Contracts
$  (67,547)   $  —   $  —   $  (67,547)
(a) Certain investments of the Fund 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 futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.
Portfolio Abbreviation 
CVR Contingent Value Rights
S&P Standard & Poor’s
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