-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N93f1Q7rZsrMo2EZCEy/wQ2pGHeHGRV2Bqkq7MdiMNAGXZneo+zR+/Ankvrhsok2 oib3M1sKShBCKugpVAGE1g== 0001193805-07-000546.txt : 20070226 0001193805-07-000546.hdr.sgml : 20070226 20070226135500 ACCESSION NUMBER: 0001193805-07-000546 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070226 DATE AS OF CHANGE: 20070226 EFFECTIVENESS DATE: 20070226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BALANCED CAPITAL FUND, INC. CENTRAL INDEX KEY: 0000110055 IRS NUMBER: 132757134 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02405 FILM NUMBER: 07648520 BUSINESS ADDRESS: STREET 1: 800 SCUDDERS MILL ROAD CITY: PLAINSBORO STATE: NJ ZIP: 08536 BUSINESS PHONE: 6092823319 MAIL ADDRESS: STREET 1: P.O. BOX 9066 CITY: PRINCETON STATE: NJ ZIP: 08543-9011 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BALANCED CAPITAL FUND INC DATE OF NAME CHANGE: 20051214 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BALANCE CAPITAL FUND INC DATE OF NAME CHANGE: 20000831 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CAPITAL FUND INC DATE OF NAME CHANGE: 19920703 0000110055 S000002175 BLACKROCK BALANCED CAPITAL FUND, INC. C000005578 Investor A C000005579 Investor B C000005580 Investor C C000005581 Institutional C000005582 Class R N-Q 1 e601646_nq-balancedcap.txt FORM N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act File number 811-2405 Name of Fund: BlackRock Balanced Capital Fund, Inc. Fund Address: P.O. Box 9011 Princeton, NJ 08543-9011 Name and address of agent for service: Robert C. Doll, Jr., Chief Executive Officer, BlackRock Balanced Capital Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ 08536. Mailing address: P.O. Box 9011, Princeton, NJ 08543-9011 Registrant's telephone number, including area code: (609) 282-2800 Date of fiscal year end: 03/31/2007 Date of reporting period: 10/01/06 - 12/31/06 Item 1 - Schedule of Investments BlackRock Balanced Capital Fund, Inc. Schedule of Investments as of December 31, 2006 (in U.S. dollars)
Shares Industry Held Common Stocks Value - ------------------------------------------------------------------------------------------------------------------------------- Aerospace & Defense - 2.9% 450,000 Honeywell International, Inc. $ 20,358,000 400,000 Raytheon Co. 21,120,000 450,000 United Technologies Corp. 28,134,000 -------------- 69,612,000 - ------------------------------------------------------------------------------------------------------------------------------- Automobiles - 0.6% 200,000 Harley-Davidson, Inc. 14,094,000 - ------------------------------------------------------------------------------------------------------------------------------- Beverages - 1.7% 400,000 Anheuser-Busch Cos., Inc. 19,680,000 1,000,000 Coca-Cola Enterprises, Inc. 20,420,000 -------------- 40,100,000 - ------------------------------------------------------------------------------------------------------------------------------- Building Products - 1.2% 950,000 Masco Corp. 28,376,500 - ------------------------------------------------------------------------------------------------------------------------------- Capital Markets - 3.7% 200,000 Legg Mason, Inc. 19,010,000 800,000 Mellon Financial Corp. 33,720,000 450,000 Morgan Stanley 36,643,500 -------------- 89,373,500 - ------------------------------------------------------------------------------------------------------------------------------- Chemicals - 1.2% 600,000 E.I. du Pont de Nemours & Co. 29,226,000 - ------------------------------------------------------------------------------------------------------------------------------- Commercial Banks - 1.3% 900,000 Wells Fargo & Co. 32,004,000 - ------------------------------------------------------------------------------------------------------------------------------- Communications Equipment - 2.3% 1,250,000 Cisco Systems, Inc. (a) 34,162,500 1,100,000 Juniper Networks, Inc. (a)(e) 20,834,000 -------------- 54,996,500 - ------------------------------------------------------------------------------------------------------------------------------- Computers & Peripherals - 3.2% 750,000 Hewlett-Packard Co. 30,892,500 300,000 International Business Machines Corp. 29,145,000 3,000,000 Sun Microsystems, Inc. (a) 16,260,000 -------------- 76,297,500 - ------------------------------------------------------------------------------------------------------------------------------- Diversified Financial Services - 2.7% 700,000 Citigroup, Inc. 38,990,000 565,000 JPMorgan Chase & Co. 27,289,500 -------------- 66,279,500 - ------------------------------------------------------------------------------------------------------------------------------- Diversified Telecommunication 600,000 AT&T, Inc. 21,450,000 Services - 2.0% 700,000 Verizon Communications, Inc. 26,068,000 -------------- 47,518,000 - ------------------------------------------------------------------------------------------------------------------------------- Energy Equipment & Services - 2.1% 300,000 GlobalSantaFe Corp. 17,634,000 200,000 Schlumberger Ltd. 12,632,000 500,000 Weatherford International Ltd. (a)(e) 20,895,000 -------------- 51,161,000 - ------------------------------------------------------------------------------------------------------------------------------- Food Products - 4.2% 600,000 Cadbury Schweppes Plc (b) 25,758,000 290,000 General Mills, Inc. 16,704,000 100,000 Nestle SA Registered Shares 35,535,494 855,000 Unilever NV (b) 23,298,750 -------------- 101,296,244 - ------------------------------------------------------------------------------------------------------------------------------- Health Care Equipment & Supplies - 1.6% 825,000 Baxter International, Inc. 38,271,750 - ------------------------------------------------------------------------------------------------------------------------------- Health Care Providers & Services - 0.6% 300,000 AmerisourceBergen Corp. 13,488,000 - ------------------------------------------------------------------------------------------------------------------------------- Hotels, Restaurants & Leisure - 1.6% 870,000 McDonald's Corp. 38,567,100 - ------------------------------------------------------------------------------------------------------------------------------- Household Durables - 0.4% 200,000 Sony Corp. (b) 8,566,000 - ------------------------------------------------------------------------------------------------------------------------------- Household Products - 1.6% 575,000 Kimberly-Clark Corp. 39,071,250 - ------------------------------------------------------------------------------------------------------------------------------- IT Services - 1.1% 750,000 Accenture Ltd. Class A 27,697,500 - ------------------------------------------------------------------------------------------------------------------------------- Industrial Conglomerates - 5.0% 250,000 3M Co. 19,482,500 1,000,000 General Electric Co. 37,210,000 400,000 Textron, Inc. 37,508,000 900,000 Tyco International Ltd. 27,360,000 -------------- 121,560,500 - ------------------------------------------------------------------------------------------------------------------------------- Insurance - 6.5% 635,000 ACE Ltd. 38,461,950 550,000 American International Group, Inc. 39,413,000 500,000 Endurance Specialty Holdings Ltd. 18,290,000 600,000 Genworth Financial, Inc. Class A 20,526,000 290,000 Prudential Financial, Inc. 24,899,400 250,000 RenaissanceRe Holdings Ltd. 15,000,000 -------------- 156,590,350 - -------------------------------------------------------------------------------------------------------------------------------
BlackRock Balanced Capital Fund, Inc. Schedule of Investments as of December 31, 2006 (in U.S. dollars)
Shares Industry Held Common Stocks Value - ------------------------------------------------------------------------------------------------------------------------------- Internet Software & Services - 0.8% 750,000 Yahoo!, Inc. (a) $ 19,155,000 - ------------------------------------------------------------------------------------------------------------------------------- Machinery - 1.0% 500,000 Dover Corp. 24,510,000 - ------------------------------------------------------------------------------------------------------------------------------- Media - 1.9% 300,000 CBS Corp. Class B 9,354,000 500,000 Comcast Corp. Special Class A (a) 20,940,000 42,500 Idearc, Inc. (a) 1,217,625 400,000 Walt Disney Co. 13,708,000 -------------- 45,219,625 - ------------------------------------------------------------------------------------------------------------------------------- Metals & Mining - 0.8% 615,000 Alcoa, Inc. 18,456,150 - ------------------------------------------------------------------------------------------------------------------------------- Oil, Gas & Consumable Fuels - 4.1% 375,000 Devon Energy Corp. 25,155,000 250,000 EnCana Corp. 11,487,500 235,000 Exxon Mobil Corp. 18,008,050 600,000 Murphy Oil Corp. 30,510,000 200,000 Total SA (b) 14,384,000 -------------- 99,544,550 - ------------------------------------------------------------------------------------------------------------------------------- Paper & Forest Products - 1.3% 300,000 International Paper Co. 10,230,000 450,000 MeadWestvaco Corp. 13,527,000 100,000 Weyerhaeuser Co. 7,065,000 -------------- 30,822,000 - ------------------------------------------------------------------------------------------------------------------------------- Pharmaceuticals - 3.4% 300,000 GlaxoSmithKline Plc (b) 15,828,000 300,000 Pfizer, Inc. 7,770,000 900,000 Schering-Plough Corp. 21,276,000 750,000 Wyeth 38,190,000 -------------- 83,064,000 - ------------------------------------------------------------------------------------------------------------------------------- Semiconductors & Semiconductor 650,000 Applied Materials, Inc. 11,992,500 Equipment - 1.1% 600,000 Intersil Corp. Class A 14,352,000 -------------- 26,344,500 - ------------------------------------------------------------------------------------------------------------------------------- Software - 2.1% 250,000 Electronic Arts, Inc. (a) 12,590,000 500,000 Microsoft Corp. 14,930,000 1,130,000 Symantec Corp. (a)(e) 23,560,500 -------------- 51,080,500 - ------------------------------------------------------------------------------------------------------------------------------- Specialty Retail - 1.4% 950,000 Limited Brands 27,493,000 150,000 Office Depot, Inc. (a) 5,725,500 -------------- 33,218,500 - ------------------------------------------------------------------------------------------------------------------------------- Total Common Stocks (Cost - $1,057,618,371) - 65.1% 1,575,562,019 - ------------------------------------------------------------------------------------------------------------------------------- Beneficial Interest Mutual Funds - ------------------------------------------------------------------------------------------------------------------------------- $694,000,000 Master Bond Portfolio of Master Bond Trust (c) 823,017,147 - ------------------------------------------------------------------------------------------------------------------------------- Total Mutual Funds (Cost - $822,030,486) - 34.0% 823,017,147 - ------------------------------------------------------------------------------------------------------------------------------- Short-Term Securities - ------------------------------------------------------------------------------------------------------------------------------- $ 22,749,128 BlackRock Liquidity Series, LLC Cash Sweep Series, 5.26% (c)(f) 22,749,128 36,500,000 BlackRock Liquidity Series, LLC Money Market Series, 5.29% (c)(d)(f) 36,500,000 - -------------------------------------------------------------------------------------------------------------------------------- Total Short-Term Securities (Cost - $59,249,128) - 2.4% 59,249,128 - -------------------------------------------------------------------------------------------------------------------------------- Total Investments (Cost - $1,938,897,985*) - 101.5% 2,457,828,294 Liabilities in Excess of Other Assets - (1.5%) (36,198,584) -------------- Net Assets - 100.0% $2,421,629,710 ==============
BlackRock Balanced Capital Fund, Inc. Schedule of Investments as of December 31, 2006 (in U.S. dollars) * The cost and unrealized appreciation (depreciation) of investments as of December 31, 2006, as computed for federal income tax purposes, were as follows: Aggregate cost $ 1,951,905,533 =============== Gross unrealized appreciation $ 534,471,649 Gross unrealized depreciation (28,548,888) --------------- Net unrealized appreciation $ 505,922,761 =============== (a) Non-income producing security. (b) Depositary receipts. (c) Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: -------------------------------------------------------------------------- Interest/ Net Dividend Affiliate Activity Income -------------------------------------------------------------------------- BlackRock Liquidity Series, LLC Cash Sweep Series $ (3,935,002) $ 373,571 BlackRock Liquidity Series, LLC Money Market Series $ (62,534,250) $ 33,492 Master Bond Portfolio of Master Bond Trust $ (40,000,000) $ 10,776,827 -------------------------------------------------------------------------- (d) Security was purchased with the cash proceeds from securities loans. (e) Security, or a portion of security, is on loan. (f) Represents the current yield as of December 31, 2006. o For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease. Industries are shown as a percent of net assets. Item 2 - Controls and Procedures 2(a) - The registrant's certifying officers have reasonably designed such disclosure controls and procedures to ensure material information relating to the registrant is made known to us by others particularly during the period in which this report is being prepared. The registrant's certifying officers have determined that the registrant's disclosure controls and procedures are effective based on our evaluation of these controls and procedures as of a date within 90 days prior to the filing date of this report. 2(b) - There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the last fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3 - Exhibits Certifications - Attached hereto Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BlackRock Balanced Capital Fund, Inc. By: /s/ Robert C. Doll, Jr. ------------------------------------- Robert C. Doll, Jr. Chief Executive Officer BlackRock Balanced Capital Fund, Inc. Date: February 20, 2007 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Robert C. Doll, Jr. ------------------------------------- Robert C. Doll, Jr. Chief Executive Officer BlackRock Balanced Capital Fund, Inc. Date: February 20, 2007 By: /s/ Donald C. Burke ------------------------------------- Donald C. Burke Chief Financial Officer BlackRock Balanced Capital Fund, Inc. Date: February 20, 2007 EX-99.CERT 2 e601646_ex99-cert.txt CERTIFICATION PURSUANT TO SECTION 302 EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Robert C. Doll, Jr., Chief Executive Officer of BlackRock Balanced Capital Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of BlackRock Balanced Capital Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 20, 2007 /s/ Robert C. Doll, Jr. ------------------------------------- Robert C. Doll, Jr. Chief Executive Officer BlackRock Balanced Capital Fund, Inc. EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Donald C. Burke, Chief Financial Officer of BlackRock Balanced Capital Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of BlackRock Balanced Capital Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 20, 2007 /s/ Donald C. Burke ------------------------------------- Donald C. Burke Chief Financial Officer BlackRock Balanced Capital Fund, Inc. -----END PRIVACY-ENHANCED MESSAGE-----