Transcription
MARCH 31, 20222022 Quarterly Report(Unaudited)BlackRock Series Fund, Inc. BlackRock Balanced Capital PortfolioNot FDIC Insured - May Lose Value - No Bank GuaranteeBNM0522U-2203132-6906152
Schedule of InvestmentsBlackRock Balanced Capital Portfolio(unaudited)(Percentages shown are based on Net Assets)March 31, 2022SecurityPar (000)Par (000)ValuePar (000)Par (000)SecurityAsset-Backed SecuritiesAsset-Backed Securities (continued)ACE Securities Corp. Home Equity Loan Trust,Series 2007-HE4, Class A2A, (LIBOR USD 1Month 0.26%), 0.72%, 05/25/37(a). . . . . . USDAjax Mortgage Loan Trust(b)Series 2018-D, Class A, 3.75%, 08/25/58(a).Series 2018-G, Class A, 4.38%, 06/25/57(a).Series 2018-G, Class B, 5.25%, 06/25/57(a).Series 2018-G, Class C, 5.25%, 06/25/57.Series 2019-A, Class A, 3.75%, 08/25/57(a).Series 2019-B, Class A, 3.75%, 01/25/59(a).Argent Mortgage Loan Trust, Series 2005-W1,Class A2, (LIBOR USD 1 Month 0.48%),0.94%, 05/25/35(a). . . . . . . . . . . . . . . . . .BCMSC Trust(a)Series 2000-A, Class A3, 7.83%, 06/15/30.Series 2000-A, Class A4, 8.29%, 06/15/30.Bear Stearns Asset-Backed Securities I Trust(a)Series 2004-HE7, Class M2, (LIBOR USD 1Month 1.73%), 2.18%, 08/25/34. . . . .Series 2007-HE1, Class 21A2, (LIBOR USD1 Month 0.16%), 0.62%, 01/25/37. . . .Series 2007-HE2, Class 22A, (LIBOR USD 1Month 0.14%), 0.60%, 03/25/37. . . . .Series 2007-HE2, Class 23A, (LIBOR USD 1Month 0.14%), 0.60%, 03/25/37. . . . .Series 2007-HE3, Class 1A3, (LIBOR USD 1Month 0.25%), 0.71%, 04/25/37. . . . .Carrington Mortgage Loan Trust, Series 2006NC4, Class A3, (LIBOR USD 1 Month 0.16%), 0.62%, 10/25/36(a). . . . . . . . . . . .Citigroup Mortgage Loan Trust(a)Series 2007-AHL2, Class A3B, (LIBOR USD1 Month 0.20%), 0.66%, 05/25/37. . . .Series 2007-AHL2, Class A3C, (LIBOR USD1 Month 0.27%), 0.73%, 05/25/37. . . .Conseco Finance Corp.Series 1998-8, Class A1, 6.28%, 09/01/30.Series 1998-8, Class M1, 6.98%, 09/01/30(a).Series 2001-D, Class B1, (LIBOR USD 1Month 2.50%), 2.90%, 11/15/32(a). . . .Conseco Finance Securitizations Corp.Series 2000-1, Class A5, 8.06%, 09/01/29(a).Series 2000-4, Class A6, 8.31%, 05/01/32(a).Series 2000-5, Class A6, 7.96%, 05/01/31.Countrywide Asset-Backed CertificatesSeries 2006-S3, Class A4, 6.04%,01/25/29(c). . . . . . . . . . . . . . . . . . . . .Series 2006-SPS1, Class A, (LIBOR USD 1Month 0.22%), 0.68%, 12/25/25(a). . . .Credit Suisse First Boston Mortgage SecuritiesCorp., Series 2001-MH29, Class B1, 8.10%,09/25/31(a). . . . . . . . . . . . . . . . . . . . . . .Credit-Based Asset Servicing & SecuritizationLLC, Series 2006-MH1, Class B1, 6.25%,10/25/36(b)(c). . . . . . . . . . . . . . . . . . . . . .CWHEQ Home Equity Loan Trust, Series 2006S5, Class A5, 6.16%, 06/25/35. . . . . . . . .CWHEQ Revolving Home Equity LoanResuritization Trust(a)(b)Series 2006-RES, Class 4Q1B, (LIBOR USD1 Month 0.30%), 0.70%, 12/15/33. . . .Series 2006-RES, Class 5B1A, (LIBOR USD1 Month 0.19%), 0.59%, 05/15/35. . . .CWHEQ Revolving Home Equity Loan Trust(a)Series 2005-B, Class 2A, (LIBOR USD 1Month 0.18%), 0.58%, 05/15/35. . . . . USDSeries 2006-H, Class 1A, (LIBOR USD 1Month 0.15%), 0.55%, 11/15/36. . . . .First Franklin Mortgage Loan Trust, Series2006-FFH1, Class M2, (LIBOR USD 1Month 0.60%), 1.06%, 01/25/36(a). . . . . .GSAMP Trust(a)Series 2007-H1, Class A1B, (LIBOR USD 1Month 0.20%), 0.66%, 01/25/47. . . . .Series 2007-HS1, Class M6, (LIBOR USD 1Month 3.38%), 3.83%, 02/25/47. . . . .Home Equity Asset Trust, Series 2007-1, Class2A3, (LIBOR USD 1 Month 0.30%), 0.76%,05/25/37(a). . . . . . . . . . . . . . . . . . . . . . .Home Equity Mortgage Trust, Series 2006-2,Class 1A1, 5.87%, 07/25/36(c). . . . . . . . . .Home Loan Mortgage Loan Trust, Series 20051, Class A3, (LIBOR USD 1 Month 0.72%),1.12%, 04/15/36(a). . . . . . . . . . . . . . . . . .IXIS Real Estate Capital Trust, Series 2007HE1, Class A4, (LIBOR USD 1 Month 0.23%), 0.69%, 05/25/37(a). . . . . . . . . . . .Lehman ABS Manufactured Housing ContractTrustSeries 2001-B, Class M1, 6.63%, 04/15/40(a).Series 2002-A, Class C, 0.00%, 06/15/33.Litigation Fee Residual Funding LLC, Series2015-1, 4.00%, 10/30/27(e). . . . . . . . . . . .Long Beach Mortgage Loan Trust(a)Series 2006-5, Class 2A3, (LIBOR USD 1Month 0.30%), 0.76%, 06/25/36. . . . .Series 2006-7, Class 2A3, (LIBOR USD 1Month 0.16%), 0.62%, 08/25/36. . . . .Merrill Lynch First Franklin Mortgage LoanTrust, Series 2007-2, Class A2C, (LIBORUSD 1 Month 0.24%), 0.70%, 05/25/37(a).Morgan Stanley ABS Capital I, Inc. Trust, Series2005-HE1, Class A2MZ, (LIBOR USD 1Month 0.60%), 1.06%, 12/25/34(a). . . . . .Oakwood Mortgage Investors, Inc., Series2001-D, Class A4, 6.93%, 09/15/31(a). . . . .Option One Mortgage Loan TrustSeries 2007-CP1, Class 2A3, (LIBOR USD 1Month 0.21%), 0.67%, 03/25/37(a). . . .Series 2007-FXD1, Class 1A1, 5.87%,01/25/37(c). . . . . . . . . . . . . . . . . . . . .Series 2007-FXD1, Class 2A1, 5.87%,01/25/37(c). . . . . . . . . . . . . . . . . . . . .Series 2007-FXD2, Class 1A1, 5.82%,03/25/37(c). . . . . . . . . . . . . . . . . . . . .Origen Manufactured Housing Contract Trust,Series 2007-B, Class A1, (LIBOR USD 1Month 1.20%), 1.60%, 10/15/37(a)(b). . . . .Ownit Mortgage Loan Trust, Series 2006-2,Class A2C, 6.50%, 01/25/37(c). . . . . . . . . .SG Mortgage Securities Trust, Series 2006FRE2, Class A2C, (LIBOR USD 1 Month 0.32%), 0.78%, 07/25/36(a). . . . . . . . . . . .45 522U-2203132-69061525Value 644137,7341514,4272926,527164,226
Schedule of InvestmentsBlackRock Balanced Capital Portfolio(unaudited) (continued)(Percentages shown are based on Net Assets)March 31, 2022Par (000)Par (000)SecurityValueAsset-Backed Securities (continued)Wachovia Asset Securitization Issuance II LLCTrust, Series 2007-HE2A, Class A, (LIBORUSD 1 Month 0.13%), 0.59%, 07/25/37(a)(b). USDBuilding Products (continued)Owens Corning. . . . . . . . . . . . . . . . . . . . . .30 29,7612,125,994SharesSharesCommon StocksAerospace & Defense — 1.9%Axon Enterprise, Inc.(f). . . . . . . .Boeing Co. (The)(f). . . . . . . . . . .Curtiss-Wright Corp. . . . . . . . .General Dynamics Corp. . . . . . .HEICO Corp. . . . . . . . . . . . . .HEICO Corp., Class A. . . . . . . .Lockheed Martin Corp. . . . . . . .Northrop Grumman Corp. . . . . .Value1,916 175,314Total Asset-Backed Securities — 0.4%(Cost: 2,295,253). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SharesSharesSecurityCapital Markets — 0.9%Bank of New York Mellon Corp. (The).FactSet Research Systems, Inc. . . .Goldman Sachs Group, Inc. (The). . .Moody's Corp. . . . . . . . . . . . . . . .S&P Global, Inc. . . . . . . . . . . . . . .Stifel Financial Corp. . . . . . . . . . . 9326,1191,666,5461,736,468194,988Air Freight & Logistics — 0.4%Expeditors International of Washington, Inc. . .United Parcel Service, Inc., Class B. . . . . . . .9,681,0481,1928,669122,9661,859,154Chemicals — 0.8%Corteva, Inc. . . . . . .Ecolab, Inc. . . . . . .Linde plc. . . . . . . . .Mosaic Co. (The). . . 0,051196,574Communications Equipment — 0.2%Ciena Corp.(f). . . . . . . . . . . . . . . . . . . . . . .Juniper Networks, Inc. . . . . . . . . . . . . . . . .4,179,6743,06824,583186,013913,504Construction & Engineering — 0.0%MasTec, Inc.(f). . . . . . . . . . . . . . . . . . . . . . .1,099,51735230,659Auto Components — 0.2%BorgWarner, Inc.(g). . . . . . . . . . . . . . . . . . . .Goodyear Tire & Rubber Co. (The)(f). . . . . . . .1,982,12024,6924,587960,51965,548Automobiles — 1.4%(f)General Motors Co. . . . . . . . . . . . . . . . . . .Tesla, Inc. . . . . . . . . . . . . . . . . . . . . . . . .1,026,06719,6795,862860,7606,316,891Banks — 2.3%Bank of America Corp. . . . . . . . . . . . . .Citigroup, Inc. . . . . . . . . . . . . . . . . . . .First Republic Bank. . . . . . . . . . . . . . . .Huntington Bancshares, Inc. . . . . . . . . .JPMorgan Chase & Co. . . . . . . . . . . . .Pinnacle Financial Partners, Inc.(g). . . . . .PNC Financial Services Group, Inc. (The).Regions Financial Corp.(g). . . . . . . . . . . .Truist Financial Corp. . . . . . . . . . . . . . .US Bancorp. . . . . . . . . . . . . . . . . . . . .Wells Fargo & Co. . . . . . . . . . . . . . . . verages — 0.7%Brown-Forman Corp., Class B(g). . . .Coca-Cola Europacific Partners plc.Keurig Dr Pepper, Inc. . . . . . . . . .PepsiCo, Inc. . . . . . . . . . . . . . . .Consumer Finance — 1.0%Ally Financial, Inc. . . . . . . . .American Express Co. . . . . .Capital One Financial Corp. .Discover Financial Services(g).51,5989,6625,1101,630Diversified Consumer Services — 0.3%H&R Block, Inc. . . . . . . . . . . . . . . . . . . . . .Service Corp. International. . . . . . . . . . . . . ,994398,407966,260923,101Biotechnology — 0.7%AbbVie, Inc. . . . . . . . . . . . . . . . . . . . . . . .Amgen, Inc. . . . . . . . . . . . . . . . . . . . . . . .Biogen, Inc.(f). . . . . . . . . . . . . . . . . . . . . . ding Products — 0.1%Builders FirstSource, Inc.(f). . . . . . . . . . . . . .Lennox International, Inc. . . . . . . . . . . . . . sified Financial Services — 0.9%Berkshire Hathaway, Inc., Class B(f). . . . . . . .Voya Financial, Inc. . . . . . . . . . . . . . . . . . .1,573,2993,63646,6521,283,1813,095,360Diversified Telecommunication Services — 0.1%AT&T, Inc. . . . . . . . . . . . . . . . . . . . . . . . .4,378,54114,966353,647Electric Utilities — 1.1%Entergy Corp.(g). . . . . . . . . . . . . . . . . . . . . .NextEra Energy, Inc. . . . . . . . . . . . . . . . . .OGE Energy Corp. . . . . . . . . . . . . . . . . . 0,892179,6102,672,8741,079,4601,600,737Electrical Equipment — 0.4%AMETEK, Inc. . . . . . . . . . . . . . . . . . . . . . .Eaton Corp. plc. . . . . . . . . . . . . . . . . . . . . tronic Equipment, Instruments & Components — 0.3%Flex Ltd.(f). . . . . . . . . . . . . . . . . . . . . . . . . .10,531Keysight Technologies, Inc.(f). . . . . . . . . . . . .8,096TE Connectivity Ltd. . . . . . . . . . . . . . . . . . .1,153195,3501,278,925151,020Energy Equipment & Services — 0.4%Halliburton Co. . . . . . . . . . . . . . . . . . . . . .Schlumberger NV. . . . . . . . . . . . . . . . . . . M0522U-2203132-6906152
Schedule of InvestmentsBlackRock Balanced Capital Portfolio(unaudited) (continued)(Percentages shown are based on Net Assets)March 31, 2022SharesSharesSecurityEntertainment — 0.2%ROBLOX Corp., Class A(g). .Roku, Inc. . . . . . . . . . . .Spotify Technology SA. . . .Zynga, Inc., Class A. . . . . .Value(f).3,514 SharesSharesHousehold Products — 1.0%Church & Dwight Co., Inc. . . . . . . . . . . . . . .Colgate-Palmolive Co. . . . . . . . . . . . . . . . .Procter & Gamble Co. (The). . . . . . . . . . . . .2,619 50,8316,194Value5,061,234Equity Real Estate Investment Trusts (REITs) — 2.3%American Homes 4 Rent, Class A. . . . . . . . . .American Tower Corp. . . . . . . . . . . . . . . . .Crown Castle International Corp. . . . . . . . . .CubeSmart. . . . . . . . . . . . . . . . . . . . . . . . .Equity LifeStyle Properties, Inc. . . . . . . . . . .Extra Space Storage, Inc. . . . . . . . . . . . . . .Life Storage, Inc. . . . . . . . . . . . . . . . . . . . .Mid-America Apartment Communities, Inc. . . .Prologis, Inc. . . . . . . . . . . . . . . . . . . . . . 81,518,470520,4833,969,501Food & Staples Retailing — 0.8%Costco Wholesale Corp. . . . . . . . . . . . . . . .Kroger Co. (The). . . . . . . . . . . . . . . . . . . . .Walmart, Inc. . . . . . . . . . . . . . . . . . . . . . Food Products — 0.3%Bunge Ltd. . . . . . . . . . . . . . . . . . . . . . . . .Kellogg Co.(g). . . . . . . . . . . . . . . . . . . . . . .McCormick & Co., Inc. (Non-Voting). . . . . . . th Care Equipment & Supplies — 1.1%Abbott Laboratories. . . . . . . . . . . . . . . . . . .Align Technology, Inc.(f). . . . . . . . . . . . . . . . .Boston Scientific Corp.(f). . . . . . . . . . . . . . . .IDEXX Laboratories, Inc.(f). . . . . . . . . . . . . . .Medtronic plc. . . . . . . . . . . . . . . . . . . . . . 1,792,4612,317,346412,512Health Care Providers & Services — 1.3%Anthem, Inc. . . . . . . . . . . . . . . . . . . . . . .Cigna Corp. . . . . . . . . . . . . . . . . . . . . . .CVS Health Corp. . . . . . . . . . . . . . . . . . .McKesson Corp. . . . . . . . . . . . . . . . . . . .Molina Healthcare, Inc.(f). . . . . . . . . . . . . . .UnitedHealth Group, Inc. . . . . . . . . . . . . 547,988714,948933,697575,7761,187,720Health Care Technology — 0.3%Cerner Corp. . . . . . . . . . . . . . . . . . . . . . .Teladoc Health, Inc.(f)(g). . . . . . . . . . . . . . . . .6,481,0702,18419,346204,3351,395,427Hotels, Restaurants & Leisure — 0.6%Airbnb, Inc., Class A(f). . . . . . . . . . . . . . .Choice Hotels International, Inc. . . . . . . .Domino's Pizza, Inc. . . . . . . . . . . . . . .McDonald's Corp. . . . . . . . . . . . . . . . .Travel Leisure Co. . . . . . . . . . . . . . .Yum! Brands, Inc. . . . . . . . . . . . . . . . .1,599,762260,2763,854,515946,443Independent Power and Renewable Electricity Producers — 0.0%Sunnova Energy International, Inc.(f)(g). . . . . . .7,322168,845Industrial Conglomerates — 0.3%Honeywell International, Inc. . . . . . . . . . . . .Roper Technologies, Inc. . . . . . . . . . . . . . .4,4401,278863,935603,510Insurance — 1.7%Marsh & McLennan Cos., Inc. . . . .MetLife, Inc. . . . . . . . . . . . . . . . .Reinsurance Group of America, Inc.Travelers Cos., Inc. (The). . . . . . . 6514,7901,708,891Interactive Media & Services — 3.1%(f)Alphabet, Inc., Class A. . . . . . . . . . . . . . . . .Alphabet, Inc., Class C. . . . . . . . . . . . . . . . .Meta platforms, Inc., Class A. . . . . . . . . . . . 607Internet & Direct Marketing Retail — 2.2%(f)Amazon.com, Inc. . . . . . . . . . . . . . . . . . . .Etsy, Inc. . . . . . . . . . . . . . . . . . . . . . . . . .MercadoLibre, Inc. . . . . . . . . . . . . . . . . . . .15,561,9693,3392,9254910,884,973363,51958,285IT Services — 2.6%Accenture plc, Class A. . . . . . . . . . . . . . .Automatic Data Processing, Inc. . . . . . . .EPAM Systems, Inc.(f). . . . . . . . . . . . . . . .Fidelity National Information Services, Inc. .Global Payments, Inc. . . . . . . . . . . . . . .Mastercard, Inc., Class A. . . . . . . . . . . . .PayPal Holdings, Inc.(f). . . . . . . . . . . . . . .Square, Inc., Class A(f). . . . . . . . . . . . . . .Visa, Inc., Class A(g). . . . . . . . . . . . . . . . .Western Union Co. (The). . . . . . . . . . . . 58,7181,933,899126,6505,478,606238,054Life Sciences Tools & Services — 2.3%Agilent Technologies, Inc. . . . . . . . . . . .Bruker Corp. . . . . . . . . . . . . . . . . . . . .Danaher Corp. . . . . . . . . . . . . . . . . . .Mettler-Toledo International, Inc.(f). . . . . . .Syneos Health, Inc.(f)(g). . . . . . . . . . . . . .Thermo Fisher Scientific, Inc. . . . . . . . 1,073321,216Machinery — 1.1%Caterpillar, Inc. . . . . . .Cummins, Inc. . . . . . . .Illinois Tool Works, Inc. .Otis Worldwide Corp. . d Durables — 0.3%Garmin Ltd. . . . . . . . . . . . . . . . . . . . . . . .Lennar Corp., Class A. . . . . . . . . . . . . . . . .Whirlpool Corp.(g). . . . . . . . . . . . . . . . . . . . 63,322760,262408,1693,478,552669,696Media — 1.3%Altice USA, Inc., Class A(f). . . . . . . . . . . . . . .Charter Communications, Inc., Class A(f). . . . .Comcast Corp., Class A. . . . . . . . . . . . . . . .Fox Corp., Class A. . . . . . . . . . . . . . . . . . . .Fox Corp., Class B. . . . . . . . . . . . . . . . . . .Liberty Media Corp.-Liberty SiriusXM, Class A(f).Nexstar Media Group, Inc., Class A. . . . . . . 27,335218,260
Schedule of InvestmentsBlackRock Balanced Capital Portfolio(unaudited) (continued)(Percentages shown are based on Net Assets)March 31, 2022SharesSharesSecurityMedia (continued)Warner Bros Discovery, Inc., Class C(f). . . . . .Value2,494 62,275SharesSharesSecuritySemiconductors & Semiconductor Equipment (continued)Texas Instruments, Inc. . . . . . . . . . . . . . . . .Value780 Metals & Mining — 0.5%Freeport-McMoRan, Inc. . . . . . . . . . . . . . . .Reliance Steel & Aluminum Co. . . . . . . . . . .Steel Dynamics, Inc. . . . . . . . . . . . . . . . . ultiline Retail — 0.6%Nordstrom, Inc.(f)(g). . . . . . . . . . . . . . . . . . . .Target Corp. . . . . . . . . . . . . . . . . . . . . . . s — 0.3%DTE Energy Co. . . . . . . . . . . . . . . . . . . . .2,807,50512,3031,626,580Oil, Gas & Consumable Fuels — 2.2%Devon Energy Corp. . . . . . . . . . . . . .EOG Resources, Inc. . . . . . . . . . . . . .Exxon Mobil Corp. . . . . . . . . . . . . . . .Marathon Oil Corp. . . . . . . . . . . . . . .Ovintiv, Inc. . . . . . . . . . . . . . . . . . . .Phillips 66. . . . . . . . . . . . . . . . . . . . .Targa Resources Corp. . . . . . . . . . . . .Valero Energy Corp. . . . . . . . . . . . . . 1,774Personal Products — 0.1%Estee Lauder Cos., Inc. (The), Class A. . . . . .11,106,8251,724469,480Pharmaceuticals — 2.8%Bristol-Myers Squibb Co. .Eli Lilly & Co. . . . . . . . . .Johnson & Johnson. . . . . .Merck & Co., Inc.(g). . . . . .Pfizer, Inc. . . . . . . . . . . .Zoetis, Inc. . . . . . . . . . . ,157,5022,100,8081,573,0833,475,714Professional Services — 0.1%Equifax, Inc. . . . . . . . . . . . . . . . . . . . . . . .13,894,946Software — 6.2%Adobe, Inc.(f). . . . . . . . . . . . . . .Atlassian Corp. plc, Class A(f). . . .C3.ai, Inc., Class A(f). . . . . . . . .Cadence Design Systems, Inc.(f).HubSpot, Inc.(f). . . . . . . . . . . . .Intuit, Inc. . . . . . . . . . . . . . . . .Manhattan Associates, Inc.(f). . . .Microsoft Corp. . . . . . . . . . . . .Palo Alto Networks, Inc.(f). . . . . .Paycom Software, Inc.(f). . . . . . .RingCentral, Inc., Class A(f). . . . .salesforce.com, Inc.(f). . . . . . . . .ServiceNow, Inc.(f)(g). . . . . . . . . .Workday, Inc., Class A(f). . . . . . 91,609,8103,221,6092,717,871Specialty Retail — 0.7%Advance Auto Parts, Inc. . . . . .American Eagle Outfitters, Inc.(g).Best Buy Co., Inc.(g). . . . . . . . . .Home Depot, Inc. (The). . . . . . .Lowe's Cos., Inc. . . . . . . . . . . 499,4052,396,436275,989Technology Hardware, Storage & Peripherals — 4.8%Apple, Inc. . . . . . . . . . . . . . . . . . . . . . . . .Dell Technologies, Inc., Class C(f). . . . . . . . . .Hewlett Packard Enterprise Co. . . . . . . . . . .HP, Inc.(g). . . . . . . . . . . . . . . . . . . . . . . . . .Western Digital Corp.(f). . . . . . . . . . . . . . . . es, Apparel & Luxury Goods — 0.1%NIKE, Inc., Class B. . . . . . . . . . . . . . . . . . .Ralph Lauren Corp. . . . . . . . . . . . . . . . . . .2,0794,151279,750470,8902,652628,789Real Estate Management & Development — 0.1%CBRE Group, Inc., Class A(f). . . . . . . . . . . . .143,1144,155380,266750,640Tobacco — 0.1%British American Tobacco plc, ADR. . . . . . . . .Philip Morris International, Inc. . . . . . . . . . . .13,34142313,854Road & Rail — 0.5%CSX Corp. . . . . . . . . . . . . . . . . .Landstar System, Inc.(g). . . . . . . . .Old Dominion Freight Line, Inc. . . .Ryder System, Inc. . . . . . . . . . . .Schneider National, Inc., Class B(g). 8,334555,619313,896Trading Companies & Distributors — 0.4%SiteOne Landscape Supply, Inc.(f). . . . . . . . . .11,6221,879,161Wireless Telecommunication Services — 0.1%United States Cellular Corp.(f). . . . . . . . . . . .15,080455,868Semiconductors & Semiconductor Equipment — 3.1%Advanced Micro Devices, Inc.(f). . . . . . . . . . .Applied Materials, Inc. . . . . . . . . . . . . . . . .Cirrus Logic, Inc.(f). . . . . . . . . . . . . . . . . . . .Intel Corp. . . . . . . . . . . . . . . . . . . . . . . . .KLA Corp. . . . . . . . . . . . . . . . . . . . . . . . .Lam Research Corp. . . . . . . . . . . . . . . . . .Lattice Semiconductor Corp.(f)(g). . . . . . . . . . .MaxLinear, Inc.(f). . . . . . . . . . . . . . . . . . . . .Monolithic Power Systems, Inc. . . . . . . . . . .NVIDIA Corp. . . . . . . . . . . . . . . . . . . . . . .NXP Semiconductors NV. . . . . . . . . . . . . . .QUALCOMM, Inc. . . . . . . . . . . . . . . . . . . .Silicon Laboratories, Inc.(f). . . . . . . . . . . . . . .Teradyne, Inc. . . . . . . . . . . . . . . . . . . . . . ,36264,7781,975,5041,523,629112,437Total Common Stocks — 59.6%(Cost: 270,909,316). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .300,585,576Par (000)Par (000)Corporate BondsAerospace & Defense — 0.0%(b)BAE Systems Holdings, Inc., 3.85%, 12/15/25. USDBAE Systems plc, 3.40%, 04/15/30. . . . . . . .2420024,082197,073Air Freight & Logistics — 0.0%FedEx Corp.2.40%, 05/15/31. . . . . . . . . . . . . . . . . . .3.90%, 02/01/35. . . . . . . . . . . . . . . . . . .221,155362732,86126,8455BNM0522U-2203132-6906152
Schedule of InvestmentsBlackRock Balanced Capital Portfolio(unaudited) (continued)(Percentages shown are based on Net Assets)March 31, 2022Par (000)Par (000)SecurityAir Freight & Logistics (continued)United Parcel Service, Inc., 6.20%, 01/15/38. .Banks — 1.6%Bank of America Corp.(LIBOR USD 3 Month 0.79%), 3.00%,12/20/23(a). . . . . . . . . . . . . . . . . . . .(SOFR 0.74%), 0.81%, 10/24/24(a). . . .7.25%, 10/15/25. . . . . . . . . . . . . . . . . .(LIBOR USD 3 Month 0.87%), 2.46%,10/22/25(a). . . . . . . . . . . . . . . . . . . .(LIBOR USD 3 Month 0.81%), 3.37%,01/23/26(a). . . . . . . . . . . . . . . . . . . .(SOFR 1.15%), 1.32%, 06/19/26(a). . . .(SOFR 1.01%), 1.20%, 10/24/26(a). . . .(SOFR 0.96%), 1.73%, 07/22/27(a). . . .(LIBOR USD 3 Month 1.58%), 3.82%,01/20/28(a). . . . . . . . . . . . . . . . . . . .(SOFR 1.05%), 2.55%, 02/04/28(a). . . .(LIBOR USD 3 Month 1.51%), 3.71%,04/24/28(a). . . . . . . . . . . . . . . . . . . .(LIBOR USD 3 Month 1.37%), 3.59%,07/21/28(a). . . . . . . . . . . . . . . . . . . .(SOFR 1.06%), 2.09%, 06/14/29(a). . . .(LIBOR USD 3 Month 1.31%), 4.27%,07/23/29(a). . . . . . . . . . . . . . . . . . . .(LIBOR USD 3 Month 1.21%), 3.97%,02/07/30(a). . . . . . . . . . . . . . . . . . . . Airlines — 0.2%Air Canada Pass-Through Trust, Series 2017-1,Class AA, 3.30%, 01/15/30(b). . . . . . . . . .American Airlines Pass-Through TrustSeries 2015-2, Class B, 4.40%, 09/22/23.Series 2016-1, Class B, 5.25%, 01/15/24.Series 2017-1, Class B, 4.95%, 02/15/25.Series 2015-2, Class AA, 3.60%, 09/22/27.Series 2016-1, Class AA, 3.58%, 01/15/28.Series 2019-1, Class B, 3.85%, 02/15/28.Series 2016-2, Class AA, 3.20%, 06/15/28.Series 2016-3, Class AA, 3.00%, 10/15/28.Series 2017-1, Class AA, 3.65%, 02/15/29.Series 2019-1, Class AA, 3.15%, 02/15/32.Delta Air Lines Pass-Through Trust, Series2019-1, Class AA, 3.20%, 04/25/24. . . . . .United Airlines Pass-Through TrustSeries 2014-1, Class B, 4.75%, 04/11/22.Series 2014-2, Class B, 4.63%, 09/03/22.Series 2016-2, Class B, 3.65%, 10/07/25.Series 2020-1, Class B, 4.88%, 01/15/26.Series 2020-1, Class A, 5.88%, 10/15/27.Series 2015-1, Class AA, 3.45%, 12/01/27.Series 2019-2, Class B, 3.50%, 05/01/28.Series 2016-1, Class AA, 3.10%, 07/07/28.Series 2016-2, Class AA, 2.88%, 10/07/28.Series 2018-1, Class AA, 3.50%, 03/01/30.Series 2019-2, Class AA, 2.70%, 05/01/32.Automobiles — 0.1%Daimler Finance North America LLC, 2.55%,08/15/22(b). . . . . . . . . . . . . . . . . . . .Ford Motor Co., 3.25%, 02/12/32. . . . . . . .General Motors Co., 6.13%, 10/01/25. . . . .Nissan Motor Co. Ltd., 4.81%, 09/17/30(b). . 569.3925539,068232,928.145149,597.107108,727Par (000)Par (000)SecurityBanks (continued)(LIBOR USD 3 Month 1.18%), 3.19%,07/23/30(a). . . . . . . . . . . . . . . . . . . . . USD(LIBOR USD 3 Month 1.19%), 2.88%,10/22/30(a). . . . . . . . . . . . . . . . . . . . .(SOFR 1.53%), 1.90%, 07/23/31(a). . . . .(SOFR 1.22%), 2.30%, 07/21/32(a). . . . .(SOFR 1.21%), 2.57%, 10/20/32(a). . . . .(SOFR 1.33%), 2.97%, 02/04/33(a). . . . .(SOFR 1.93%), 2.68%, 06/19/41(a). . . . .(SOFR 1.58%), 3.31%, 04/22/42(a). . . . .BNP Paribas SA, (SOFR 1.23%), 2.59%,01/20/28(a)(b). . . . . . . . . . . . . . . . . . . .Citigroup, Inc.4.40%, 06/10/25. . . . . . . . . . . . . . . . . . .(SOFR 0.69%), 2.01%, 01/25/26(a). . . . .(SOFR 0.77%), 1.46%, 06/09/27(a). . . . .(SOFR 1.28%), 3.07%, 02/24/28(a). . . . .(LIBOR USD 3 Month 1.39%), 3.67%,07/24/28(a). . . . . . . . . . . . . . . . . . . . .(LIBOR USD 3 Month 1.19%), 4.08%,04/23/29(a). . . . . . . . . . . . . . . . . . . . .(SOFR 1.42%), 2.98%, 11/05/30(a). . . . .(SOFR 1.18%), 2.52%, 11/03/32(a). . . . .(SOFR 1.35%), 3.06%, 01/25/33(a). . . . .Citizens Financial Group, Inc., 3.25%, 04/30/30.Danske Bank A/S(US Treasury Yield Curve Rate T NoteConstant Maturity 1 Year 1.03%),1.17%, 12/08/23(a)(b). . . . . . . . . . . . . . .5.38%, 01/12/24(h). . . . . . . . . . . . . . . . . .HSBC Holdings plc(a)(LIBOR USD 3 Month 1.53%), 4.58%,06/19/29. . . . . . . . . . . . . . . . . . . . . .(US Treasury Yield Curve Rate T NoteConstant Maturity 5 Year 3.25%),4.70%(i). . . . . . . . . . . . . . . . . . . . . . .JPMorgan Chase & Co.(SOFR 0.60%), 0.65%, 09/16/24(a). . . . .(LIBOR USD 3 Month 1.00%), 4.02%,12/05/24(a). . . . . . . . . . . . . . . . . . . . .(3 Month CME Term SOFR 1.59%),2.00%, 03/13/26(a). . . . . . . . . . . . . . . .2.95%, 10/01/26. . . . . . . . . . . . . . . . . . .(LIBOR USD 3 Month 1.25%), 3.96%,01/29/27(a). . . . . . . . . . . . . . . . . . . . .(LIBOR USD 3 Month 1.34%), 3.78%,02/01/28(a). . . . . . . . . . . . . . . . . . . . .(SOFR 1.17%), 2.95%, 02/24/28(a). . . . .(LIBOR USD 3 Month 1.38%), 3.54%,05/01/28(a). . . . . . . . . . . . . . . . . . . . .(SOFR 1.89%), 2.18%, 06/01/28(a). . . . .(LIBOR USD 3 Month 1.33%), 4.45%,12/05/29(a). . . . . . . . . . . . . . . . . . . . .(SOFR 1.26%), 2.96%, 01/25/33(a). . . . .(LIBOR USD 3 Month 1.58%), 4.26%,02/22/48(a). . . . . . . . . . . . . . . . . . . . .(LIBOR USD 3 Month 1.38%), 3.96%,11/15/48(a). . . . . . . . . . . . . . . . . . . . .(LIBOR USD 3 Month 1.22%), 3.90%,01/23/49(a). . . . . . . . . . . . . . . . . . . . .(SOFR 1.58%), 3.33%, 04/22/52(a). . . . .Mitsubishi UFJ Financial Group, Inc., 1.41%,07/17/25. . . . . . . . . . . . . . . . . . . . . .Santander UK Group Holdings plc, (SOFR 0.79%), 1.09%, 03/15/25(a). . . . . . . . . . .6BNM0522U-2203132-690615297 030111,25
R , ot C nred a oe ale o Bank arantee uarerl Reor naudied BlackRock Series Fund, Inc. BlackRock Balanced Capital Portfolio BNM0522U-2203132-6906152
