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        <name>ELI LILLY &amp; CO</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Seagen Inc</name>
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      <invstOrSec>
        <name>Connect Biopharma Holdings Ltd</name>
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        <name>LHC Group Inc</name>
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        <name>ABIOMED Inc</name>
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        <name>Medtronic PLC</name>
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        <name>Forma Therapeutics Holdings In</name>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <name>Cooper Cos Inc/The</name>
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        <name>BOSTON SCIENTIFIC CORP</name>
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        <name>Insitro, Series C</name>
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        <name>BLACKROCK LIQUIDITY FUNDS T-FUND PORTFOLIO</name>
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        <name>INTUITIVE SURGICAL INC</name>
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        <name>Monte Rosa Therapeutics Inc</name>
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        <name>SAREPTA THERAPEUTICS INC</name>
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        <name>Twist Bioscience Corp</name>
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        <name>Arcutis Biotherapeutics Inc</name>
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        <name>Neurocrine Biosciences Inc</name>
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        <name>Quest Diagnostics Inc</name>
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        <name>Global Blood Therapeutics Inc</name>
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        <name>NEVRO CORP</name>
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        <name>Immuneering Corp</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiichi Sankyo Co Ltd</name>
        <lei>353800XGIU2IHQGC9504</lei>
        <title>Daiichi Sankyo Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3475350009"/>
          <ticker value="4568"/>
          <other otherDesc="SEDOL" value="B0J7D91"/>
        </identifiers>
        <balance>1783500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="114.96500000"/>
        <valUSD>43509215.26000000</valUSD>
        <pctVal>0.446880118434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avantor Inc</name>
        <lei>N/A</lei>
        <title>Avantor Inc</title>
        <cusip>05352A100</cusip>
        <identifiers>
          <isin value="US05352A1007"/>
          <ticker value="AVTR"/>
        </identifiers>
        <balance>2106712.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73081839.28000000</valUSD>
        <pctVal>0.750618479273</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>
    </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>2022-04-25</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>
