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        <name>Neurogene, Inc. Series B</name>
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      <invstOrSec>
        <name>AMGEN INC</name>
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      <invstOrSec>
        <name>Annexon, Inc.</name>
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      <invstOrSec>
        <name>AGILENT TECHNOLOGIES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Encompass Health Corp</name>
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        <name>Stoke Therapeutics Inc</name>
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        <name>Kodiak Sciences Inc</name>
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        <name>Molecular Templates Inc</name>
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      <invstOrSec>
        <name>Health Assurance Acquisition C</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Nektar Therapeutics</name>
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        <name>AMEDISYS INC</name>
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        <name>Hua Medicine</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>Roche Holding AG</name>
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        <name>Kangji Medical Holdings Ltd</name>
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        <name>RESMED INC</name>
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        <name>Alnylam Pharmaceuticals Inc</name>
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        <name>APELLIS PHARMACEUTICALS INC</name>
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        <name>Genmab A/S</name>
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        <name>Imago Biosciences, Inc.</name>
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        <name>Longview Acquisition Corp</name>
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        <title>Longview Acquisition Corp</title>
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        <name>BCTG Acquisition Corp</name>
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        <name>Regeneron Pharmaceuticals Inc</name>
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        <name>ABBOTT LABORATORIES</name>
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        <name>GILEAD SCIENCES INC</name>
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      <invstOrSec>
        <name>Straumann Holding AG</name>
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        <name>Atreca Inc</name>
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      <invstOrSec>
        <name>Connect Biopharma Holdings Limited. Series C</name>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <name>Allakos Inc</name>
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        <name>AmerisourceBergen Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Panacea Acquisition Corp</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Taysha Gene Therapies Inc</name>
        <lei>N/A</lei>
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        <name>HALOZYME THERAPEUTICS INC</name>
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        <name>Alcon Inc</name>
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        <name>MedTech Acquisition Corp/NY</name>
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        <name>VERTEX PHARMACEUTICALS INC</name>
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        <name>Health Sciences Acquisitions C</name>
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        <name>ARENA PHARMACEUTICALS INC</name>
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        <name>LHC Group Inc</name>
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        <name>Silk Road Medical Inc</name>
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        <name>WuXi AppTec Co Ltd</name>
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        <name>Oak Street Health Inc</name>
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        <name>Decibel Therapeutics Inc.</name>
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        <name>ALEXION PHARMACEUTICALS INC</name>
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          <other otherDesc="INTERNAL" value="BRW73BE07"/>
        </identifiers>
        <balance>334477.00010300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8674820.80000000</valUSD>
        <pctVal>0.081857523894</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>OCUMENSION THERAPEUTICS</name>
        <lei>N/A</lei>
        <title>OCUMENSION THERAPEUTICS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BRW5FQB81"/>
        </identifiers>
        <balance>646000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75245000"/>
        <valUSD>2243619.76000000</valUSD>
        <pctVal>0.021171291297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELI LILLY &amp; CO</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY &amp; CO</title>
        <cusip>532457108</cusip>
        <identifiers>
          <isin value="US5324571083"/>
          <ticker value="LLY"/>
        </identifiers>
        <balance>1732504.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>292515975.36000000</valUSD>
        <pctVal>2.760245311643</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>Cytokinetics Inc</name>
        <lei>549300BE5DY1HW7IHA64</lei>
        <title>Cytokinetics Inc</title>
        <cusip>23282W605</cusip>
        <identifiers>
          <isin value="US23282W6057"/>
          <ticker value="CYTK"/>
        </identifiers>
        <balance>315500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6556090.00000000</valUSD>
        <pctVal>0.061864712390</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="448848.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Helix Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Helix Acquisition Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4444C1024"/>
          <ticker value="HLXA"/>
          <other otherDesc="SEDOL" value="BNGDQT4"/>
        </identifiers>
        <balance>228832.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2478250.56000000</valUSD>
        <pctVal>0.023385319317</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>JD HEALTH INTERNATIONAL INC</name>
        <lei>N/A</lei>
        <title>JD HEALTH INTERNATIONAL INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BRWA60EH4"/>
        </identifiers>
        <balance>3187700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75245000"/>
        <valUSD>58955868.92000000</valUSD>
        <pctVal>0.556320592678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</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>2021-02-19</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>
  <documents>XXXX</documents>
</edgarSubmission>
