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        <name>Medtronic PLC</name>
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      <invstOrSec>
        <name>Roche Holding AG</name>
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        <name>BLUEPRINT MEDICINES CORP</name>
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      <invstOrSec>
        <name>Selectquote Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TELADOC INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dicerna Pharmaceuticals Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Encompass Health Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KANGJI MEDICAL HOLDINGS LIMITED</name>
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      <invstOrSec>
        <name>Longview Acquisition Corp</name>
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        <name>Zimmer Biomet Holdings Inc</name>
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        <name>Hansoh Pharmaceutical Group Co</name>
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        <name>Oak Street Health Inc</name>
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        <name>MERCK &amp; CO INC</name>
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        <name>ILLUMINA INC</name>
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        <name>RESMED INC</name>
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        <name>Livongo Health Inc</name>
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        <name>AMGEN INC</name>
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        <title>AMGEN INC</title>
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      <invstOrSec>
        <name>AstraZeneca PLC</name>
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      <invstOrSec>
        <name>Merck KGaA</name>
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      <invstOrSec>
        <name>UNITEDHEALTH GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SEATTLE GENETICS INC</name>
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      <invstOrSec>
        <name>Alcon Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GILEAD SCIENCES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regeneron Pharmaceuticals Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEVRO CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STRYKER CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Allakos Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALEXION PHARMACEUTICALS INC</name>
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      <invstOrSec>
        <name>RAPT Therapeutics Inc</name>
        <lei>549300MB473BIU78ES48</lei>
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        <name>BRISTOL-MYERS SQUIBB CO</name>
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        <name>Allogene Therapeutics Inc</name>
        <lei>N/A</lei>
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        <name>ACCELERON PHARMA INC</name>
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        <name>Wuxi Biologics Cayman Inc</name>
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        <name>INCYTE CORP</name>
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        <name>Genmab A/S</name>
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        <name>Alnylam Pharmaceuticals Inc</name>
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        <name>Arcutis Biotherapeutics Inc</name>
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        <name>Eisai Co Ltd</name>
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        <name>AMEDISYS INC</name>
        <lei>5299001RBS9GK9STN379</lei>
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        <name>Deerfield Healthcare Technolog</name>
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        <name>Health Sciences Acquisitions C</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>Cardinal Health Inc</name>
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          <isin value="US40637H1095"/>
          <ticker value="HALO"/>
        </identifiers>
        <balance>493660.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12973384.80000000</valUSD>
        <pctVal>0.133828169936</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>Hua Medicine</name>
        <lei>N/A</lei>
        <title>Hua Medicine</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4644K1022"/>
          <ticker value="2552"/>
          <other otherDesc="SEDOL" value="BF3S3D9"/>
        </identifiers>
        <balance>13366370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75005000"/>
        <valUSD>8606162.06000000</valUSD>
        <pctVal>0.088777673400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="210866.38150738"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Annexon, Inc.SERIES D</name>
        <lei>N/A</lei>
        <title>Annexon, Inc.SERIES D</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BRW620EA2"/>
        </identifiers>
        <balance>286515.00045000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8391884.29000000</valUSD>
        <pctVal>0.086567270929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MyoKardia Inc</name>
        <lei>549300OLNNNZ1NI9UY54</lei>
        <title>MyoKardia Inc</title>
        <cusip>62857M105</cusip>
        <identifiers>
          <isin value="US62857M1053"/>
          <ticker value="MYOK"/>
        </identifiers>
        <balance>128274.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17487594.42000000</valUSD>
        <pctVal>0.180394923445</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="395357.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGILENT TECHNOLOGIES INC</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
        <title>AGILENT TECHNOLOGIES INC</title>
        <cusip>00846U101</cusip>
        <identifiers>
          <isin value="US00846U1016"/>
          <ticker value="A"/>
        </identifiers>
        <balance>262327.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26479287.38000000</valUSD>
        <pctVal>0.273149577070</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>GALAPAGOS NV</name>
        <lei>549300QKJ78IY0IOV655</lei>
        <title>GALAPAGOS NV-SPON ADR</title>
        <cusip>36315X101</cusip>
        <identifiers>
          <isin value="US36315X1019"/>
          <ticker value="GLPG"/>
        </identifiers>
        <balance>116688.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16559194.08000000</valUSD>
        <pctVal>0.170817922501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="16376414.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanofi</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120578"/>
          <ticker value="SAN"/>
          <other otherDesc="SEDOL" value="5671735"/>
        </identifiers>
        <balance>1327382.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85291000"/>
        <valUSD>133020151.37000000</valUSD>
        <pctVal>1.372181870574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="120254.89395129"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GoHealth Inc</name>
        <lei>N/A</lei>
        <title>GoHealth Inc</title>
        <cusip>38046W105</cusip>
        <identifiers>
          <isin value="US38046W1053"/>
          <ticker value="GOCO"/>
        </identifiers>
        <balance>708797.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9232080.93000000</valUSD>
        <pctVal>0.095234398317</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>ZOETIS INC</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>ZOETIS INC</title>
        <cusip>98978V103</cusip>
        <identifiers>
          <isin value="US98978V1035"/>
          <ticker value="ZTS"/>
        </identifiers>
        <balance>1031730.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>170617190.10000000</valUSD>
        <pctVal>1.760017656364</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>ABIOMED Inc</name>
        <lei>5493001EZN4ZTB4Z5887</lei>
        <title>ABIOMED Inc</title>
        <cusip>003654100</cusip>
        <identifiers>
          <isin value="US0036541003"/>
          <ticker value="ABMD"/>
        </identifiers>
        <balance>206614.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57244474.84000000</valUSD>
        <pctVal>0.590510759136</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>Taysha Gene Therapies Inc</name>
        <lei>N/A</lei>
        <title>Taysha Gene Therapies Inc</title>
        <cusip>877619106</cusip>
        <identifiers>
          <isin value="US8776191061"/>
          <ticker value="TSHA"/>
        </identifiers>
        <balance>266334.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5965881.60000000</valUSD>
        <pctVal>0.061541612223</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>Biogen Inc</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
        <title>Biogen Inc</title>
        <cusip>09062X103</cusip>
        <identifiers>
          <isin value="US09062X1037"/>
          <ticker value="BIIB"/>
        </identifiers>
        <balance>206479.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58573962.72000000</valUSD>
        <pctVal>0.604225216286</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>ARYA Sciences Acquisition Corp</name>
        <lei>N/A</lei>
        <title>ARYA Sciences Acquisition Corp III</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3166W1069"/>
          <ticker value="ARYA"/>
          <other otherDesc="SEDOL" value="BN4NJV9"/>
        </identifiers>
        <balance>320000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3430400.00000000</valUSD>
        <pctVal>0.035386613534</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>Goldfinch Bio, Inc. SERIES B</name>
        <lei>N/A</lei>
        <title>Goldfinch Bio, Inc. SERIES B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BRW5236Q2"/>
        </identifiers>
        <balance>2345865.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2768120.70000000</valUSD>
        <pctVal>0.028554809184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taysha Gene Therapies, Inc. SERIES B</name>
        <lei>N/A</lei>
        <title>Taysha Gene Therapies, Inc. SERIES B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BRW73BE07"/>
        </identifiers>
        <balance>334477.00010300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7131049.64000000</valUSD>
        <pctVal>0.073561012623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </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>2020-11-20</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>
