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        <name>BOSTON SCIENTIFIC CORP</name>
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        <name>Neurocrine Biosciences Inc</name>
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        <name>Allakos Inc</name>
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        <name>Acerta Pharma BV, Series B</name>
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        <name>RESMED INC</name>
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        <name>ZOETIS INC</name>
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        <name>ANTHEM INC</name>
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        <name>Zimmer Biomet Holdings Inc</name>
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        <name>Biogen Inc</name>
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        <name>Silk Road Medical Inc</name>
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        <name>Roche Holding AG</name>
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        <name>Sigilon Therapeutics, Inc. SERIES B</name>
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        <name>THERMO FISHER SCIENTIFIC INC</name>
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        <name>Varian Medical Systems Inc</name>
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        <name>AmerisourceBergen Corp</name>
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        <name>ABIOMED Inc</name>
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        <name>BECTON DICKINSON AND CO</name>
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        <name>IQVIA Holdings Inc</name>
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        <name>ALEXION PHARMACEUTICALS INC</name>
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        <name>BRISTOL-MYERS SQUIBB CO</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BRISTOL-MYERS SQUIBB CO</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arcutis Biotherapeutics Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Avantor Inc</name>
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          <isin value="US05352A1007"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MyoKardia Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTUITIVE SURGICAL INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTENE CORP</name>
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          <isin value="US15135B1017"/>
          <ticker value="CNC"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cerner Corp</name>
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        <title>Cerner Corp</title>
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          <isin value="US1567821046"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ra Pharmaceuticals Inc</name>
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        <title>Ra Pharmaceuticals Inc</title>
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          <isin value="US74933V1089"/>
          <ticker value="RARX"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eisai Co Ltd</name>
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        <title>Eisai Co Ltd</title>
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          <isin value="JP3160400002"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRICIDA INC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Genmab A/S</name>
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        <title>Genmab A/S</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMEDISYS INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>VERTEX PHARMACEUTICALS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ChemoCentryx Inc</name>
        <lei>529900YTTXUSFQTAKY40</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>LHC Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alnylam Pharmaceuticals Inc</name>
        <lei>529900S3ZI14OWRJII50</lei>
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        <name>SANOFI</name>
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      <invstOrSec>
        <name>AstraZeneca PLC</name>
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        <name>ConvaTec Group PLC</name>
        <lei>213800LS272L4FIDOH92</lei>
        <title>ConvaTec Group PLC</title>
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        <name>WuXi AppTec Co Ltd</name>
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        <title>WuXi AppTec Co Ltd</title>
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        <invCountry>HK</invCountry>

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      <invstOrSec>
        <name>Corbus Pharmaceuticals Holding</name>
        <lei>529900MX6XCNZC7MM155</lei>
        <title>Corbus Pharmaceuticals Holdings Inc</title>
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        <name>ARENA PHARMACEUTICALS INC</name>
        <lei>529900CVGQMPJ3A3NI85</lei>
        <title>ARENA PHARMACEUTICALS INC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BIOMARIN PHARMACEUTICAL INC</name>
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          <isin value="US09061G1013"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Allogene Therapeutics Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EDWARDS LIFESCIENCES CORP</name>
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          <isin value="US28176E1082"/>
          <ticker value="EW"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>QUEST DIAGNOSTICS INC</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
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          <isin value="US74834L1008"/>
          <ticker value="DGX"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BAXTER INTERNATIONAL INC</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
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          <isin value="US0718131099"/>
          <ticker value="BAX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Genmab A/S</name>
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          <isin value="DK0010272202"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Immunovant Inc</name>
        <lei>N/A</lei>
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          <isin value="US45258J1025"/>
          <ticker value="IMVT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STRYKER CORP</name>
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          <isin value="US8636671013"/>
          <ticker value="SYK"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oak Street Health, LLC, SERIES III-E</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TELEFLEX INC</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>TELEFLEX INC</title>
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          <ticker value="TFX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sanofi</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi</title>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABBOTT LABORATORIES</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>ABBOTT LABORATORIES</title>
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          <isin value="US0028241000"/>
          <ticker value="ABT"/>
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        <curCd>USD</curCd>
        <valUSD>298335037.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MASIMO CORP</name>
        <lei>549300Q4A8JK0PIYCU29</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regeneron Pharmaceuticals Inc</name>
        <lei>549300RCBFWIRX3HYQ56</lei>
        <title>Regeneron Pharmaceuticals Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Alector Inc</name>
        <lei>549300Z8RQOIY1JMHC25</lei>
        <title>Alector Inc</title>
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          <ticker value="ALEC"/>
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        <fairValLevel>1</fairValLevel>
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        <name>GlaxoSmithKline PLC</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GlaxoSmithKline PLC</title>
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        <invCountry>GB</invCountry>
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        <name>MERCK &amp; CO INC</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
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        <name>Molecular Templates Inc</name>
        <lei>529900VZKP6N0B8U5F61</lei>
        <title>Molecular Templates Inc</title>
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          <ticker value="MTEM"/>
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        <name>Medtronic PLC</name>
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        <title>Medtronic PLC</title>
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        <invCountry>US</invCountry>
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        <name>Principia Biopharma Inc</name>
        <lei>549300WHPKRLU16IRE69</lei>
        <title>Principia Biopharma Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Hua Medicine</name>
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        <title>Hua Medicine</title>
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        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AFFERENT PHARMACEUTICALS, INC.</name>
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        <title>AFFERENT PHARMACEUTICALS, INC SERIES C</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>HCA HEALTHCARE INC</name>
        <lei>529900PH4ZGUH2MNEU89</lei>
        <title>HCA HEALTHCARE INC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Kodiak Sciences Inc</name>
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      <invstOrSec>
        <name>MONEY MARKET SERIES LLC</name>
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        <fairValLevel>N/A</fairValLevel>
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        <name>SI-BONE Inc</name>
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        <name>Alcon Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BLACKROCK LIQUIDITY FUNDS T-FUND PORTFOLIO</name>
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        <name>NEVRO CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Immunomedics Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Wuxi Biologics Cayman Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PPD Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>10X Genomics Inc</name>
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        <name>Genfit</name>
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        <name>ELI LILLY &amp; CO</name>
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        <name>AMGEN INC</name>
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        <name>AGILENT TECHNOLOGIES INC</name>
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        <name>ILLUMINA INC</name>
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        <name>Envista Holdings Corp</name>
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        <name>Nektar Therapeutics</name>
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        <name>SEATTLE GENETICS INC</name>
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        <name>APELLIS PHARMACEUTICALS INC</name>
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        <name>Hansoh Pharmaceutical Group Co</name>
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        <name>NextCure Inc</name>
        <lei>549300Y5PR6RJR1STI24</lei>
        <title>NextCure Inc</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="971234.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GILEAD SCIENCES INC</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC</title>
        <cusip>375558103</cusip>
        <identifiers>
          <isin value="US3755581036"/>
          <ticker value="GILD"/>
        </identifiers>
        <balance>1298456.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97072570.56000000</valUSD>
        <pctVal>1.412057902630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dicerna Pharmaceuticals Inc</name>
        <lei>549300CTZMJMPH28WN39</lei>
        <title>Dicerna Pharmaceuticals Inc</title>
        <cusip>253031108</cusip>
        <identifiers>
          <isin value="US2530311081"/>
          <ticker value="DRNA"/>
        </identifiers>
        <balance>250300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4598011.00000000</valUSD>
        <pctVal>0.066884576471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="93687.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYNDAX PHARMACEUTICALS INC</name>
        <lei>529900OF94TRHKZVBS87</lei>
        <title>SYNDAX PHARMACEUTICALS INC</title>
        <cusip>87164F105</cusip>
        <identifiers>
          <isin value="US87164F1057"/>
          <ticker value="SNDX"/>
        </identifiers>
        <balance>385321.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4226971.37000000</valUSD>
        <pctVal>0.061487280008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1097.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GALAPAGOS NV</name>
        <lei>549300QKJ78IY0IOV655</lei>
        <title>GALAPAGOS NV-SPON ADR</title>
        <cusip>36315X101</cusip>
        <identifiers>
          <isin value="US36315X1019"/>
          <ticker value="GLPG"/>
        </identifiers>
        <balance>107500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21061400.00000000</valUSD>
        <pctVal>0.306367866214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8542112.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HALOZYME THERAPEUTICS INC</name>
        <lei>529900242I3SV9AGM753</lei>
        <title>HALOZYME THERAPEUTICS INC</title>
        <cusip>40637H109</cusip>
        <identifiers>
          <isin value="US40637H1095"/>
          <ticker value="HALO"/>
        </identifiers>
        <balance>477600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8592024.00000000</valUSD>
        <pctVal>0.124983147338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Encompass Health Corp</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corp</title>
        <cusip>29261A100</cusip>
        <identifiers>
          <isin value="US29261A1007"/>
          <ticker value="EHC"/>
        </identifiers>
        <balance>645700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41344171.00000000</valUSD>
        <pctVal>0.601409471815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUMANA INC</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUMANA INC</title>
        <cusip>444859102</cusip>
        <identifiers>
          <isin value="US4448591028"/>
          <ticker value="HUM"/>
        </identifiers>
        <balance>529900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166399198.00000000</valUSD>
        <pctVal>2.420511800313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mirati Therapeutics Inc</name>
        <lei>529900GYRW59IDQV6N54</lei>
        <title>Mirati Therapeutics Inc</title>
        <cusip>60468T105</cusip>
        <identifiers>
          <isin value="US60468T1051"/>
          <ticker value="MRTX"/>
        </identifiers>
        <balance>173550.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13340788.50000000</valUSD>
        <pctVal>0.194060646793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INCYTE CORP</name>
        <lei>549300Z4WN6JVZ3T4680</lei>
        <title>INCYTE CORP</title>
        <cusip>45337C102</cusip>
        <identifiers>
          <isin value="US45337C1027"/>
          <ticker value="INCY"/>
        </identifiers>
        <balance>450300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32975469.00000000</valUSD>
        <pctVal>0.479674858982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Passage Bio Inc</name>
        <lei>N/A</lei>
        <title>Passage Bio Inc</title>
        <cusip>702712100</cusip>
        <identifiers>
          <isin value="US7027121000"/>
          <ticker value="PASG"/>
        </identifiers>
        <balance>142321.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2241555.75000000</valUSD>
        <pctVal>0.032606600327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="168525.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARCUTIS BIOTHERAPEUTICS, INC SERIES C</name>
        <lei>N/A</lei>
        <title>ARCUTIS BIOTHERAPEUTICS, INC SERIES C</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BRTXHK1Y9"/>
        </identifiers>
        <balance>642542.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18509707.39000000</valUSD>
        <pctVal>0.269249886395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Urovant Sciences Ltd</name>
        <lei>N/A</lei>
        <title>Urovant Sciences Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9381B1081"/>
          <ticker value="UROV"/>
          <other otherDesc="SEDOL" value="BF12Y18"/>
        </identifiers>
        <balance>123464.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1138338.08000000</valUSD>
        <pctVal>0.016558738194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="626038.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PFIZER INC</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>PFIZER INC</title>
        <cusip>717081103</cusip>
        <identifiers>
          <isin value="US7170811035"/>
          <ticker value="PFE"/>
        </identifiers>
        <balance>3778024.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123314703.36000000</valUSD>
        <pctVal>1.793786858486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Merck KGaA</name>
        <lei>529900OAREIS0MOPTW25</lei>
        <title>Merck KGaA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006599905"/>
          <ticker value="MRK"/>
          <other otherDesc="SEDOL" value="4741844"/>
        </identifiers>
        <balance>428460.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90670000"/>
        <valUSD>43258257.72000000</valUSD>
        <pctVal>0.629252571711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
        <cusip>478160104</cusip>
        <identifiers>
          <isin value="US4781601046"/>
          <ticker value="JNJ"/>
        </identifiers>
        <balance>1213900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159178707.00000000</valUSD>
        <pctVal>2.315479541266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELADOC INC</name>
        <lei>549300I2PVFBC9MFAC61</lei>
        <title>TELADOC INC</title>
        <cusip>87918A105</cusip>
        <identifiers>
          <isin value="US87918A1051"/>
          <ticker value="TDOC"/>
        </identifiers>
        <balance>637400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98803374.00000000</valUSD>
        <pctVal>1.437234887861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAREPTA THERAPEUTICS INC</name>
        <lei>549300IKDPIED8J8IG21</lei>
        <title>SAREPTA THERAPEUTICS INC</title>
        <cusip>803607100</cusip>
        <identifiers>
          <isin value="US8036071004"/>
          <ticker value="SRPT"/>
        </identifiers>
        <balance>147125.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14391767.50000000</valUSD>
        <pctVal>0.209348623549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="5380.10000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>


      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-05-21</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds</ncom:nameOfApplicant>
      <ncom:signature>Ann Frechette</ncom:signature>
      <ncom:signerName>Ann Frechette</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
