-----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, KPwOsc/2mEZoZ9mK18y5/nV2ufmxUbj52hwGJxAq/8RFIOYyrl1YKgbTxl1LzvTE RhQ8lMSuol+VerZ9VowRxQ== 0001193805-09-000490.txt : 20090225 0001193805-09-000490.hdr.sgml : 20090225 20090225104903 ACCESSION NUMBER: 0001193805-09-000490 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081231 FILED AS OF DATE: 20090225 DATE AS OF CHANGE: 20090225 EFFECTIVENESS DATE: 20090225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BALANCED CAPITAL FUND, INC. CENTRAL INDEX KEY: 0000110055 IRS NUMBER: 132757134 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02405 FILM NUMBER: 09632678 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08536 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08536 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 e605098_nq-balanced.txt 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 811-02405 Name of Fund: BlackRock Balanced Capital Fund, Inc. Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 Name and address of agent for service: Donald C. Burke, 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: (800) 441-7762 Date of fiscal year end: 09/30/2009 Date of reporting period: 12/31/2008 Item 1 - Schedule of Investments BlackRock Balanced Capital Fund, Inc. Schedule of Investments December 31, 2008 (Unaudited) (Percentages shown are based on Net Assets)
Industry Common Stocks Shares Value - ----------------------------------------------------------------------------------------------------------------------------------- Aerospace & Defense - 1.6% General Dynamics Corp. 180,000 $ 10,366,200 L-3 Communications Holdings, Inc. 130,000 9,591,400 --------------- 19,957,600 - ----------------------------------------------------------------------------------------------------------------------------------- Airlines - 0.7% Southwest Airlines Co. 1,050,000 9,051,000 - ----------------------------------------------------------------------------------------------------------------------------------- Beverages - 0.8% The Coca-Cola Co. 40,000 1,810,800 Hansen Natural Corp. (a) 240,000 8,047,200 --------------- 9,858,000 - ----------------------------------------------------------------------------------------------------------------------------------- Biotechnology - 1.1% Amgen, Inc. (a) 240,000 13,860,000 - ----------------------------------------------------------------------------------------------------------------------------------- Commercial Banks - 0.2% Wells Fargo & Co. 80,000 2,358,400 - ----------------------------------------------------------------------------------------------------------------------------------- Commercial Services & Supplies - 0.7% R.R. Donnelley & Sons Co. 670,000 9,098,600 - ----------------------------------------------------------------------------------------------------------------------------------- Communications Equipment - 0.1% Cisco Systems, Inc. (a) 80,000 1,304,000 JDS Uniphase Corp. (a) 120,000 438,000 --------------- 1,742,000 - ----------------------------------------------------------------------------------------------------------------------------------- Computers & Peripherals - 3.4% Hewlett-Packard Co. 460,000 16,693,400 International Business Machines Corp. 30,000 2,524,800 Lexmark International, Inc. Class A (a) 310,000 8,339,000 QLogic Corp. (a) 660,000 8,870,400 Western Digital Corp. (a) 680,000 7,786,000 --------------- 44,213,600 - ----------------------------------------------------------------------------------------------------------------------------------- Consumer Finance - 0.8% Capital One Financial Corp. 310,000 9,885,900 - ----------------------------------------------------------------------------------------------------------------------------------- Diversified Financial Services - 0.2% JPMorgan Chase & Co. 80,000 2,522,400 - ----------------------------------------------------------------------------------------------------------------------------------- Diversified Telecommunication Services - 1.4% AT&T Inc. 270,000 7,695,000 Qwest Communications International, Inc. 2,510,000 9,136,400 Verizon Communications, Inc. 20,000 678,000 --------------- 17,509,400 - ----------------------------------------------------------------------------------------------------------------------------------- Electronic Equipment & Instruments - 1.3% Ingram Micro, Inc. Class A (a) 660,000 8,837,400 Mettler Toledo International, Inc. (a) 120,000 8,088,000 --------------- 16,925,400 - ----------------------------------------------------------------------------------------------------------------------------------- Energy Equipment & Services - 1.9% ENSCO International, Inc. 270,000 7,665,300 Nabors Industries Ltd. (a) 650,000 7,780,500 Tidewater, Inc. 210,000 8,456,700 --------------- 23,902,500 - ----------------------------------------------------------------------------------------------------------------------------------- Food & Staples Retailing - 1.7% BJ's Wholesale Club, Inc. (a) 240,000 8,222,400 The Kroger Co. 380,000 10,035,800 Wal-Mart Stores, Inc. 70,000 3,924,200 --------------- 22,182,400 - ----------------------------------------------------------------------------------------------------------------------------------- Health Care Providers & Services - 6.5% Aetna, Inc. 340,000 9,690,000 AmerisourceBergen Corp. 250,000 8,915,000 Community Health Systems, Inc. (a) 580,000 8,456,400 Humana, Inc. (a) 250,000 9,320,000 LifePoint Hospitals, Inc. (a) 400,000 9,136,000 Lincare Holdings, Inc. (a) 340,000 9,156,200 Omnicare, Inc. 320,000 8,883,200 Quest Diagnostics, Inc. 170,000 8,824,700 WellPoint, Inc. (a) 260,000 10,953,800 --------------- 83,335,300 - -----------------------------------------------------------------------------------------------------------------------------------
BlackRock Balanced Capital Fund, Inc. Schedule of Investments December 31, 2008 (Unaudited) (Percentages shown are based on Net Assets)
Industry Common Stocks Shares Value - ----------------------------------------------------------------------------------------------------------------------------------- Household Durables - 0.6% KB Home 560,000 $ 7,627,200 - ----------------------------------------------------------------------------------------------------------------------------------- Household Products - 0.7% The Procter & Gamble Co. 150,000 9,273,000 - ----------------------------------------------------------------------------------------------------------------------------------- IT Services - 4.0% Accenture Ltd. Class A 330,000 10,820,700 Affiliated Computer Services, Inc. Class A (a) 190,000 8,730,500 Computer Sciences Corp. (a) 270,000 9,487,800 Global Payments, Inc. 250,000 8,197,500 Hewitt Associates, Inc. Class A (a) 310,000 8,797,800 Paychex, Inc. 200,000 5,256,000 --------------- 51,290,300 - ----------------------------------------------------------------------------------------------------------------------------------- Independent Power Producers & The AES Corp. (a) 1,080,000 8,899,200 Energy Traders - 0.7% - ----------------------------------------------------------------------------------------------------------------------------------- Industrial Conglomerates - 0.6% General Electric Co. 490,000 7,938,000 - ----------------------------------------------------------------------------------------------------------------------------------- Insurance - 1.1% The Travelers Cos., Inc. 100,000 4,520,000 UnumProvident Corp. 490,000 9,114,000 --------------- 13,634,000 - ----------------------------------------------------------------------------------------------------------------------------------- Leisure Equipment & Products - 0.7% Hasbro, Inc. 300,000 8,751,000 - ----------------------------------------------------------------------------------------------------------------------------------- Life Sciences Tools & Services - 1.3% PerkinElmer, Inc. 610,000 8,485,100 Waters Corp. (a) 230,000 8,429,500 --------------- 16,914,600 - ----------------------------------------------------------------------------------------------------------------------------------- Machinery - 0.7% Dover Corp. 280,000 9,217,600 - ----------------------------------------------------------------------------------------------------------------------------------- Multiline Retail - 1.3% Dollar Tree, Inc. (a) 200,000 8,360,000 Family Dollar Stores, Inc. 330,000 8,603,100 --------------- 16,963,100 - ----------------------------------------------------------------------------------------------------------------------------------- Oil, Gas & Consumable Fuels - 12.1% Anadarko Petroleum Corp. 250,000 9,637,500 Apache Corp. 140,000 10,434,200 Chevron Corp. 300,000 22,191,000 ConocoPhillips 290,000 15,022,000 Exxon Mobil Corp. 590,000 47,099,700 Marathon Oil Corp. 370,000 10,123,200 Murphy Oil Corp. 200,000 8,870,000 Occidental Petroleum Corp. 220,000 13,197,800 Sunoco, Inc. 200,000 8,692,000 Valero Energy Corp. 440,000 9,521,600 --------------- 154,789,000 - ----------------------------------------------------------------------------------------------------------------------------------- Personal Products - 0.7% Herbalife Ltd. 400,000 8,672,000 - ----------------------------------------------------------------------------------------------------------------------------------- Pharmaceuticals - 7.2% Eli Lilly & Co. 310,000 12,483,700 Endo Pharmaceuticals Holdings, Inc. (a) 350,000 9,058,000 Forest Laboratories, Inc. (a) 360,000 9,169,200 Johnson & Johnson 400,000 23,932,000 King Pharmaceuticals, Inc. (a) 850,000 9,027,000 Pfizer, Inc. 1,100,000 19,481,000 Watson Pharmaceuticals, Inc. (a) 340,000 9,033,800 --------------- 92,184,700 - ----------------------------------------------------------------------------------------------------------------------------------- Professional Services - 0.7% Manpower, Inc. 250,000 8,497,500 - ----------------------------------------------------------------------------------------------------------------------------------- Road & Rail - 0.8% Union Pacific Corp. 220,000 10,516,000 - -----------------------------------------------------------------------------------------------------------------------------------
BlackRock Balanced Capital Fund, Inc. Schedule of Investments December 31, 2008 (Unaudited) (Percentages shown are based on Net Assets)
Industry Common Stocks Shares Value - ----------------------------------------------------------------------------------------------------------------------------------- Semiconductors & Altera Corp. 520,000 $ 8,689,200 Semiconductor Equipment - 2.0% Silicon Laboratories, Inc. (a) 360,000 8,920,800 Xilinx, Inc. 480,000 8,553,600 --------------- 26,163,600 - ----------------------------------------------------------------------------------------------------------------------------------- Software - 2.6% Compuware Corp. (a) 1,350,000 9,112,500 Microsoft Corp. 330,000 6,415,200 Symantec Corp. (a) 690,000 9,328,800 Synopsys, Inc. (a) 470,000 8,704,400 --------------- 33,560,900 - ----------------------------------------------------------------------------------------------------------------------------------- Specialty Retail - 2.0% AutoZone, Inc. (a) 60,000 8,368,200 Foot Locker, Inc. 1,110,000 8,147,400 Limited Brands, Inc. 900,000 9,036,000 --------------- 25,551,600 - ----------------------------------------------------------------------------------------------------------------------------------- Textiles, Apparel & Luxury Goods - 1.3% Coach, Inc. (a) 420,000 8,723,400 Polo Ralph Lauren Corp. 180,000 8,173,800 --------------- 16,897,200 - ----------------------------------------------------------------------------------------------------------------------------------- Tobacco - 0.0% Philip Morris International, Inc. 10,000 435,100 - ----------------------------------------------------------------------------------------------------------------------------------- Trading Companies & Distributors - 1.2% MSC Industrial Direct Co. Class A 230,000 8,470,900 United Rentals, Inc. (a) 760,000 6,931,200 --------------- 15,402,100 - ----------------------------------------------------------------------------------------------------------------------------------- Total Common Stocks - 64.7% 829,580,200 - ----------------------------------------------------------------------------------------------------------------------------------- Beneficial Interest Mutual Funds (000) - ----------------------------------------------------------------------------------------------------------------------------------- Master Total Return Portfolio of Master Bond LLC (b) 449,112,641 $ 342,000 - ----------------------------------------------------------------------------------------------------------------------------------- Total Mutual Funds - 35.1% 449,112,641 - ----------------------------------------------------------------------------------------------------------------------------------- Total Investments (Cost - $1,335,996,880*) - 99.8% 1,278,692,841 Other Assets Less Liabilities - 0.2% 3,011,007 --------------- Net Assets - 100.0% $ 1,281,703,848 ===============
* The cost and unrealized appreciation (depreciation) of investments as of December 31, 2008, as computed for federal income tax purposes, were as follows: Aggregate cost $ 1,344,997,635 =============== Gross unrealized appreciation $ 40,556,224 Gross unrealized depreciation (106,861,018) --------------- Net unrealized depreciation $ (66,304,794) =============== (a) Non-income producing security. (b) 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:
----------------------------------------------------------------------------------- Net Affiliate Activity Income ----------------------------------------------------------------------------------- BlackRock Liquidity Series, LLC Cash Sweep Series $ (24,827,857) $ 188,364 BlackRock Liquidity Series, LLC Money Market Series -- 88 Master Total Return Portfolio of Master Bond LLC $ (70,000,000) 9,600,970 -----------------------------------------------------------------------------------
BlackRock Balanced Capital Fund, Inc. Schedule of Investments December 31, 2008 (Unaudited) 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. o Effective October 1, 2008, the Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair Value Measurements" ("FAS 157"). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows: o Level 1 - price quotations in active markets/exchanges for identical securities o Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market-corroborated inputs) o Level 3 - unobservable inputs based on the best information available in the circumstance, to the extent observable inputs are not available (including the Fund's own assumption used in determining the fair value of investments) The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements as contained in its annual report. The following table summarizes the inputs used as of December 31, 2008 in determining the fair valuation of the Fund's investments: -------------------------------------------------------------------------- Valuation Investments in Inputs Securities -------------------------------------------------------------------------- Level 1 $ 829,580,200 Level 2 449,112,641 Level 3 -- -------------------------------------------------------------------------- Total $1,278,692,841 ============== Item 2 - Controls and Procedures 2(a) - The registrant's principal executive and principal financial officers or persons performing similar functions have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act")) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 15(d)-15(b) under the Securities Exchange Act of 1934, as amended. 2(b) - There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are 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/ Donald C. Burke ------------------- Donald C. Burke Chief Executive Officer of BlackRock Balanced Capital Fund, Inc. Date: February 23, 2009 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/ Donald C. Burke ------------------- Donald C. Burke Chief Executive Officer (principal executive officer) of BlackRock Balanced Capital Fund, Inc. Date: February 23, 2009 By: /s/ Neal J. Andrews ------------------- Neal J. Andrews Chief Financial Officer (principal financial officer) of BlackRock Balanced Capital Fund, Inc. Date: February 23, 2009 EX-99.CERT 2 e605098_ex99-cert.txt EX-99. CERT CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Donald C. Burke, Chief Executive Officer (principal 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 schedules 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 registrant's 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 23, 2009 /s/ Donald C. Burke - ------------------- Donald C. Burke Chief Executive Officer (principal executive officer) of BlackRock Balanced Capital Fund, Inc. EX-99. CERT CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Neal J. Andrews, Chief Financial Officer (principal 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 schedules 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 registrant's 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 23, 2009 /s/ Neal J. Andrews - ------------------- Neal J. Andrews Chief Financial Officer (principal financial officer) of BlackRock Balanced Capital Fund, Inc. -----END PRIVACY-ENHANCED MESSAGE-----