0001752724-20-247709.txt : 20201125 0001752724-20-247709.hdr.sgml : 20201125 20201125114456 ACCESSION NUMBER: 0001752724-20-247709 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201125 PERIOD START: 20201231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Science & Technology Trust CENTRAL INDEX KEY: 0001616678 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22991 FILM NUMBER: 201348239 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 302-797-2000 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 NPORT-P 1 primary_doc.xml NPORT-P false 0001616678 XXXXXXXX BlackRock Science and Technology Trust 811-22991 0001616678 549300LK15IHMMH5IS84 100 BELLEVUE PARKWAY WILMINGTON 19809 800-441-7762 BlackRock Science and Technology Trust 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-2624.00000000 -0.00025369719 N/A DE KY N 1 Options Clearing Corp. 549300CII6SLYGKNHA04 Call Written Tencent Music Entertainment Group Tencent Music Entertainment Group 100.00000000 18.00000000 USD 2020-10-16 XXXX 83809.40000000 N N N 2020-10-30 BlackRock Science and Technology Trust Ann Frechette Ann Frechette Assistant Treasurer XXXX NPORT-EX 2 NPORT_5839193130506923.htm BlackRock Science and Technology Trust

Consolidated Schedule of Investments  (unaudited)

September 30, 2020

  

BlackRock Science and Technology Trust (BST)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

Automobiles — 1.2%

 

Tesla, Inc.(a)(b)

    29,130     $ 12,497,061  
   

 

 

 
Banks — 1.1%  

Klarna Holdings AB, (Acquired 08/07/19, Cost: $7,971,978)(c)(d)

    26,430       11,167,128  
   

 

 

 
Diversified Consumer Services(a)(b) — 1.6%  

Chegg, Inc.

    120,357       8,598,304  

TAL Education Group, ADR

    109,038       8,291,250  
   

 

 

 
      16,889,554  
Diversified Financial Services — 0.4%  

TransferWise, (Acquired 06/03/19, Cost: $2,471,478)(c)(d)

    27,945       3,499,552  
   

 

 

 
Diversified Telecommunication Services — 0.9%  

Bandwidth, Inc., Class A(a)(b)

    50,261       8,774,063  
   

 

 

 
Electronic Equipment, Instruments & Components — 0.7%  

Samsung SDI Co. Ltd.

    18,473       6,824,265  
   

 

 

 
Entertainment(a) — 3.6%  

Activision Blizzard, Inc.

    108,779       8,805,660  

NetEase, Inc., ADR

    15,079       6,855,969  

Netflix, Inc.(b)

    13,669       6,834,910  

Roku, Inc.(b)

    48,457       9,148,682  

Tencent Music Entertainment Group, ADR(b)

    387,074       5,717,083  
   

 

 

 
      37,362,304  
Health Care Technology(b) — 1.6%  

Ping An Healthcare and Technology Co. Ltd.(e)

    488,078       6,297,598  

Teladoc Health, Inc.(a)

    48,402       10,611,655  
   

 

 

 
      16,909,253  
Interactive Media & Services — 10.1%  

Alphabet, Inc., Class A(a)(b)

    15,503       22,721,197  

Facebook, Inc., Class A(a)(b)

    46,152       12,087,209  

Kakao Corp.

    47,217       14,682,294  

Snap, Inc., Class A(a)(b)

    317,203       8,282,170  

Tencent Holdings Ltd.

    385,400       26,031,215  

Yandex NV, Class A(a)(b)

    160,240       10,455,660  

ZoomInfo Technologies, Inc., Class A(a)(b)

    241,571       10,385,137  
   

 

 

 
      104,644,882  
Internet & Direct Marketing Retail — 10.9%  

Alibaba Group Holding Ltd., ADR(a)(b)

    114,300       33,601,914  

Amazon.com, Inc.(a)(b)

    11,136       35,064,257  

Delivery Hero SE(b)(e)

    98,747       11,330,157  

Ensogo Ltd.(b)(c)

    173,282       1  

Jasper Infotech Private Ltd., (Acquired 08/08/15, Cost: $1,998,435)(c)(d)

    1,054       253,888  

Meituan Dianping, Class B(b)

    576,096       18,147,763  

MercadoLibre, Inc.(a)(b)

    13,361       14,463,015  
   

 

 

 
      112,860,995  
IT Services — 19.0%  

Adyen NV(b)(e)

    5,298       9,772,071  

GMO Payment Gateway, Inc.

    74,300       7,959,208  

Mastercard, Inc., Class A(a)

    74,075       25,049,943  

MongoDB, Inc.(a)(b)

    29,473       6,823,294  

Okta, Inc.(a)(b)

    65,832       14,078,173  

Pagseguro Digital Ltd., Class A(a)(b)

    145,648       5,492,386  

PayPal Holdings, Inc.(a)(b)

    106,075       20,899,957  
Security   Shares     Value  
IT Services (continued)  

Shopify, Inc., Class A(a)(b)

    19,006     $ 19,442,568  

Snowflake, Inc., Class A(a)(b)

    8,644       2,169,644  

Square, Inc., Class A(a)(b)

    144,512       23,490,425  

StoneCo Ltd., Class A(a)(b)

    167,534       8,860,873  

TRAX Ltd., (Acquired 09/12/19, Cost: $4,000,012)(c)(d)

    106,667       5,990,419  

Trumid Holdings LLC, Class J-A(c)

    5,038       1,999,784  

Trumid Holdings LLC, Class J-B(c)

    5,038       1,999,784  

Twilio, Inc., Class A(a)(b)

    89,272       22,058,218  

Visa, Inc., Class A(a)

    102,176       20,432,135  
   

 

 

 
      196,518,882  
Semiconductors & Semiconductor Equipment — 12.7%  

Advanced Micro Devices, Inc.(a)(b)

    236,104       19,358,167  

ASML Holding NV

    35,871       13,249,774  

Cree, Inc.(a)(b)

    120,271       7,666,074  

Inphi Corp.(a)(b)

    89,383       10,033,242  

Lam Research Corp.(a)

    36,164       11,997,407  

Marvell Technology Group Ltd.(a)

    343,206       13,625,278  

Monolithic Power Systems, Inc.(a)

    33,117       9,259,844  

Renesas Electronics Corp.(b)

    1,084,400       7,959,106  

Skyworks Solutions, Inc.(a)

    47,575       6,922,163  

SOITEC(b)

    74,283       10,696,425  

STMicroelectronics NV

    293,649       9,006,213  

Taiwan Semiconductor Manufacturing Co. Ltd., ADR(a)

    136,608       11,074,811  
   

 

 

 
      130,848,504  
Software — 24.4%  

Adobe, Inc.(a)(b)

    42,101       20,647,594  

Altium Ltd.

    259,235       6,740,442  

Atlassian Corp. PLC, Class A(a)(b)

    49,062       8,918,981  

Autodesk, Inc.(a)(b)

    40,617       9,382,933  

Avalara, Inc.(a)(b)

    81,798       10,416,157  

Cadence Design Systems, Inc.(a)(b)

    77,759       8,291,442  

Coupa Software, Inc.(a)(b)

    45,108       12,370,418  

Crowdstrike Holdings, Inc., Class A(a)(b)

    56,369       7,740,591  

Databricks, Inc., (Acquired 07/24/20, Cost: $960,476)(c)(d)

    19,999       959,952  

Elastic NV(a)(b)

    56,525       6,098,482  

Fair Isaac Corp.(a)(b)

    12,734       5,416,789  

Intuit, Inc.(a)

    22,130       7,219,027  

Kingdee International Software Group Co. Ltd.(b)

    4,123,000       10,754,034  

Microsoft Corp.(a)

    199,157       41,888,692  

Online Ventures Pty Ltd., (Acquired 01/21/20, Cost: $6,160,136)(c)(d)

    53,642       5,877,655  

Paycom Software, Inc.(a)(b)

    20,090       6,254,017  

RingCentral, Inc., Class A(a)(b)

    41,312       11,344,688  

salesforce.com, Inc.(a)(b)

    43,202       10,857,527  

ServiceNow, Inc.(a)(b)

    28,435       13,790,975  

TeamViewer AG(b)(e)

    169,717       8,370,414  

Think & Learn Private Ltd., (Acquired 09/30/20, Cost: $1,524,948)(c)(d)

    997       1,515,194  

Unity Software, Inc.(b)

    82,957       7,240,487  

Xero Ltd.(b)

    112,503       8,206,537  

Zoom Video Communications, Inc., Class A(a)(b)

    20,211       9,501,393  

Zscaler, Inc.(a)(b)

    91,823       12,918,578  
   

 

 

 
      252,722,999  
 

 

 

CONSOLIDATED SCHEDULE OF INVESTMENTS

  1


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2020

  

BlackRock Science and Technology Trust (BST)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Technology Hardware, Storage & Peripherals — 4.3%

 

Apple, Inc.(a)

    387,449     $ 44,870,469  
   

 

 

 

Total Common Stocks — 92.5%
(Cost: $310,592,564)

 

    956,389,911  
   

 

 

 

Preferred Securities

   

Preferred Stocks — 8.3%(c)(d)

   
Diversified Financial Services — 0.3%  

TransferWise

   

Series A, (Acquired 06/03/19, Cost: $1,004,242)

    11,355       1,421,987  

Series B, (Acquired 06/03/19, Cost: $288,407)

    3,261       408,375  

Series C, (Acquired 06/03/19, Cost: $161,315)

    1,824       228,419  

Series D, (Acquired 06/03/19, Cost: $44,579)

    504       63,116  

Series E, (Acquired 06/03/19, Cost: $4,688)

    53       6,637  

TransferWise (Seed Preferred), (Acquired 06/03/19, Cost: $849,295)

    9,603       1,202,584  
   

 

 

 
      3,331,118  
Electronic Equipment, Instruments & Components — 0.5%  

Credo Technology Group Holding Ltd., Series D, (Acquired 03/20/20, Cost: $5,000,001)

    1,001,382       4,996,896  
   

 

 

 
Food Products — 0.3%  

Farmer’s Business Network, Inc, Series F, (Acquired 07/31/20, Cost: $2,999,886)

    90,750       3,000,195  
   

 

 

 
Internet & Direct Marketing Retail — 0.5%  

Postmates, Inc., Series F, (Acquired 01/08/19, Cost: $3,130,002)

    392,275       4,985,815  
   

 

 

 
Road & Rail — 1.7%  

Ant Financial, Series C, (Acquired 05/18/18, Cost: $6,492,863)

    1,157,373       9,525,180  

FlixMobility GmbH, Series F, (Acquired 07/26/19, Cost: $5,482,937)

    275       2,826,227  

Xiaoju Kuaizhi, Inc., Series A-17, (Acquired 07/28/15, Cost: $3,016,964)

    110,003       5,387,947  
   

 

 

 
      17,739,354  
Semiconductors & Semiconductor Equipment — 2.2%  

Innovium, Inc., Series E, (Acquired 08/21/19, Cost: $3,000,003)

    353,478       3,029,307  

Innovium, Inc., Series F, (Acquired 06/10/20, Cost: $2,999,996)

    296,062       2,913,250  

Nuvia Inc, Series B, (Acquired 09/17/20, Cost: $2,999,998)

    935,352       3,000,001  

Psiquantum Corp., Series C, (Acquired 09/09/19, Cost: $3,200,234)

    690,003       3,187,814  

SambaNova Systems, Inc., Series C, (Acquired 02/20/20, Cost: $9,972,126)

    187,300       10,398,896  
   

 

 

 
      22,529,268  
Software — 2.8%  

Avidxchange, Inc., (Acquired 07/29/20, Cost: $2,022,088)

    41,257       2,022,005  

C3 AI, Inc., Series H, (Acquired 08/14/19, Cost: $7,129,478)

    1,415,000       7,513,650  

Databricks, Inc., Series F, (Acquired 10/22/19, Cost: $3,999,999)

    93,135       4,470,480  
Security   Shares     Value  

Software (continued)

 

GitLab, Inc., Series E, (Acquired 09/10/19, Cost: $2,915,501)

    156,500     $ 3,341,275  

Think & Learn Private Ltd., Series F, (Acquired 09/30/20, Cost: $3,052,975)

    1,054       3,043,458  

Unqork, Inc, Series C, (Acquired 09/18/20, Cost: $1,303,260)

    1,190       1,303,260  

Unqork, Inc., Series B, (Acquired 09/19/19, Cost: $3,198,416)

    7,027       7,695,830  
   

 

 

 
      29,389,958  
   

 

 

 

Total Preferred Stocks — 8.3%

      85,972,604  
   

 

 

 

Total Preferred Securities — 8.3%
(Cost: $74,269,253)

      85,972,604  
   

 

 

 

Warrants

 

IT Services — 0.0%

 

TRAX Ltd., (Acquired 09/12/19, Cost: $0)(c)(d)

    17,065       180,718  
   

 

 

 

Total Warrants — 0.0%
(Cost: $ — )

      180,718  
   

 

 

 

Total Long-Term Investments — 100.8%
(Cost: $384,861,817)

      1,042,543,233  
   

 

 

 

Short-Term Securities

   

Money Market Funds — 0.2%

   

BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.02%(f)(g)

    2,316,076       2,316,076  
   

 

 

 

Total Short-Term Securities — 0.2%
(Cost: $2,316,076)

 

    2,316,076  
   

 

 

 

Total Investments Before Options Written — 101.0%
(Cost: $387,177,893)

 

    1,044,859,309  
   

 

 

 

Options Written — (1.4)%
(Premiums Received: $(13,668,303))

 

    (13,850,487
   

 

 

 

Total Investments, Net of Options Written — 99.6%
(Cost: $373,509,590)

 

    1,031,008,822  

Other Assets Less Liabilities — 0.4%

 

    3,646,619  
   

 

 

 

Net Assets — 100.0%

    $ 1,034,655,441  
   

 

 

 

 

(a) 

All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

(b) 

Non-income producing security.

(c) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(d) 

Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $115,417,110, representing 11.16% of its net assets as of period end, and an original cost of $99,356,716.

(e) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(f) 

Affiliate of the Trust.

(g) 

Annualized 7-day yield as of period end.

 

 

 

2  


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2020

  

BlackRock Science and Technology Trust (BST)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
12/31/19
     Purchases
at Cost
     Proceeds
from Sales
     Net
Realized
Gain (Loss)
     Change in
Unrealized
Appreciation
(Depreciation)
     Value at
09/30/20
     Shares
Held at
09/30/20
     Income      Capital Gain
Distributions
from
Underlying
Funds
 

BlackRock Liquidity Funds, T-Fund, Institutional Class

   $ 8,881,516      $ —        $ (6,565,440 )(a)     $ —        $ —        $ 2,316,076        2,316,076      $ 25,712      $ —    

SL Liquidity Series, LLC, Money Market Series

     —          495 (a)       —          (495      —          —          —          24,063 (b)       —    
           

 

 

    

 

 

    

 

 

       

 

 

    

 

 

 
            $ (495    $ —        $ 2,316,076         $ 49,775      $ —    
           

 

 

    

 

 

    

 

 

       

 

 

    

 

 

 

 

  (a)

Represents net amount purchased (sold).

 
  (b)

All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

Derivative Financial Instruments Outstanding as of Period End

Exchange-Traded Options Written

 

Description    Number of
Contracts
       Expiration
Date
       Exercise Price       

Notional

Amount (000)

       Value  
Call                                                   

Alibaba Group Holding Ltd., ADR

     26          10/02/20        USD     275.00        USD     764        $ (49,920

Amazon.com, Inc.

     14          10/02/20        USD     3,250.00        USD     4,408          (8,365

Atlassian Corp. PLC, Class A

     6          10/02/20        USD     175.00        USD     109          (4,380

Autodesk, Inc.

     68          10/02/20        USD     260.00        USD     1,571          (340

Marvell Technology Group Ltd.

     207          10/02/20        USD     38.50        USD     822          (28,876

RingCentral, Inc., Class A

     17          10/02/20        USD     300.00        USD     467          (765

ServiceNow, Inc.

     40          10/02/20        USD     460.00        USD     1,940          (103,400

Snap, Inc., Class A

     136          10/02/20        USD     25.00        USD     355          (15,844

Square, Inc., Class A

     90          10/02/20        USD     172.50        USD     1,463          (4,635

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

     212          10/02/20        USD     78.50        USD     1,719          (60,950

Teladoc Health, Inc.

     78          10/02/20        USD     230.00        USD     1,710          (6,435

Tesla, Inc.

     55          10/02/20        USD     360.00        USD     2,360          (380,600

Twilio, Inc., Class A

     68          10/02/20        USD     255.00        USD     1,680          (18,190

Visa, Inc., Class A

     40          10/02/20        USD     202.50        USD     800          (2,600

Yandex NV, Class A

     35          10/02/20        USD     67.00        USD     228          (1,050

Adobe, Inc.

     35          10/09/20        USD     495.00        USD     1,716          (30,625

Advanced Micro Devices, Inc.

     30          10/09/20        USD     105.00        USD     246          (420

Alphabet, Inc., Class A

     15          10/09/20        USD     1,635.00        USD     2,198          (1,575

Amazon.com, Inc.

     14          10/09/20        USD     3,450.00        USD     4,408          (7,875

Apple, Inc.

     232          10/09/20        USD     132.50        USD     2,687          (1,624

Atlassian Corp. PLC, Class A

     159          10/09/20        USD     180.00        USD     2,890          (89,835

Cree, Inc.

     95          10/09/20        USD     67.00        USD     606          (6,175

Crowdstrike Holdings, Inc., Class A

     83          10/09/20        USD     131.00        USD     1,140          (73,040

Intuit, Inc.

     32          10/09/20        USD     347.50        USD     1,044          (1,760

Lam Research Corp.

     27          10/09/20        USD     327.50        USD     896          (30,780

Marvell Technology Group Ltd.

     376          10/09/20        USD     39.50        USD     1,493          (41,924

Mastercard, Inc., Class A

     39          10/09/20        USD     370.00        USD     1,319          (2,925

Microsoft Corp.

     69          10/09/20        USD     232.50        USD     1,451          (518

Microsoft Corp.

     76          10/09/20        USD     212.50        USD     1,599          (20,254

MongoDB, Inc.

     49          10/09/20        USD     252.50        USD     1,134          (7,473

Netflix, Inc.

     17          10/09/20        USD     550.00        USD     850          (2,720

Okta, Inc.

     17          10/09/20        USD     227.50        USD     364          (2,661

PayPal Holdings, Inc.

     148          10/09/20        USD     205.00        USD     2,916          (25,974

Shopify, Inc., Class A

     12          10/09/20        USD     1,090.00        USD     1,228          (12,840

Snap, Inc., Class A

     265          10/09/20        USD     24.50        USD     692          (49,157

Snap, Inc., Class A

     121          10/09/20        USD     25.00        USD     316          (17,484

Square, Inc., Class A

     200          10/09/20        USD     165.00        USD     3,251          (93,500

 

 

CONSOLIDATED SCHEDULE OF INVESTMENTS

  3


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2020

  

BlackRock Science and Technology Trust (BST)

 

Exchange-Traded Options Written (continued)

 

Description    Number of
Contracts
       Expiration
Date
       Exercise Price       

Notional

Amount (000)

       Value  
Call (continued)                                                   

StoneCo Ltd., Class A

     169          10/09/20        USD     57.00        USD     894        $ (4,648

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

     74          10/09/20        USD     85.00        USD     600          (3,515

Teladoc Health, Inc.

     98          10/09/20        USD     210.00        USD     2,149          (134,260

Tesla, Inc.

     13          10/09/20        USD     475.00        USD     558          (9,458

Twilio, Inc., Class A

     45          10/09/20        USD     265.00        USD     1,112          (15,300

Zscaler, Inc.

     76          10/09/20        USD     160.00        USD     1,069          (2,812

Activision Blizzard, Inc.

     78          10/16/20        USD     82.50        USD     631          (12,441

Adobe, Inc.

     30          10/16/20        USD     530.00        USD     1,471          (8,205

Advanced Micro Devices, Inc.

     158          10/16/20        USD     87.50        USD     1,295          (24,727

Alibaba Group Holding Ltd., ADR

     58          10/16/20        USD     285.00        USD     1,705          (83,810

Amazon.com, Inc.

     12          10/16/20        USD     3,400.00        USD     3,778          (29,970

Apple, Inc.

     232          10/16/20        USD     120.00        USD     2,687          (50,924

Atlassian Corp. PLC, Class A

     4          10/16/20        USD     180.00        USD     73          (2,960

Avalara, Inc.

     135          10/16/20        USD     130.00        USD     1,719          (58,050

Bandwidth, Inc., Class A

     90          10/16/20        USD     150.00        USD     1,571          (233,100

Cadence Design Systems, Inc.

     131          10/16/20        USD     109.67        USD     1,397          (26,467

Chegg, Inc.

     209          10/16/20        USD     85.00        USD     1,493          (3,135

Cree, Inc.

     226          10/16/20        USD     67.50        USD     1,441          (18,645

Crowdstrike Holdings, Inc., Class A

     35          10/16/20        USD     120.00        USD     481          (65,537

Elastic NV

     99          10/16/20        USD     105.00        USD     1,068          (65,340

Facebook, Inc., Class A

     87          10/16/20        USD     260.00        USD     2,279          (77,212

Fair Isaac Corp.

     21          10/16/20        USD     440.00        USD     893          (15,750

Inphi Corp.

     151          10/16/20        USD     120.00        USD     1,695          (20,007

Intuit, Inc.

     11          10/16/20        USD     360.00        USD     359          (495

Lam Research Corp.

     30          10/16/20        USD     335.00        USD     995          (29,700

Mastercard, Inc., Class A

     38          10/16/20        USD     340.00        USD     1,285          (25,840

Microsoft Corp.

     5          10/16/20        USD     230.00        USD     105          (213

MongoDB, Inc.

     58          10/16/20        USD     240.00        USD     1,343          (37,700

Monolithic Power Systems, Inc.

     58          10/16/20        USD     281.00        USD     1,622          (57,689

Netflix, Inc.

     15          10/16/20        USD     520.00        USD     750          (13,725

Pagseguro Digital Ltd., Class A

     291          10/16/20        USD     40.00        USD     1,097          (20,370

Roku, Inc.

     117          10/16/20        USD     175.00        USD     2,209          (206,505

salesforce.com, Inc.

     75          10/16/20        USD     250.00        USD     1,885          (65,250

ServiceNow, Inc.

     17          10/16/20        USD     480.00        USD     824          (31,960

Shopify, Inc., Class A

     40          10/16/20        USD     975.00        USD     4,092          (291,400

Snap, Inc., Class A

     60          10/16/20        USD     25.00        USD     157          (10,170

Snap, Inc., Class A

     264          10/16/20        USD     24.00        USD     689          (64,284

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

     168          10/16/20        USD     80.00        USD     1,362          (59,640

TAL Education Group, ADR

     194          10/16/20        USD     80.00        USD     1,475          (19,400

Teladoc Health, Inc.

     98          10/16/20        USD     220.00        USD     2,149          (103,390

Tencent Music Entertainment Group, ADR

     656          10/16/20        USD     18.00        USD     969          (2,624

Tesla, Inc.

     55          10/16/20        USD     403.00        USD     2,360          (232,650

Tesla, Inc.

     12          10/16/20        USD     500.00        USD     515          (9,270

Twilio, Inc., Class A

     92          10/16/20        USD     250.00        USD     2,273          (96,370

Unity Software, Inc.

     145          10/16/20        USD     100.00        USD     1,266          (47,850

Unity Software, Inc.

     145          10/16/20        USD     90.00        USD     1,266          (87,000

Visa, Inc., Class A

     65          10/16/20        USD     210.00        USD     1,300          (6,240

Zoom Video Communications, Inc., Class A

     27          10/16/20        USD     430.00        USD     1,269          (142,965

ZoomInfo Technologies, Inc., Class A

     423          10/16/20        USD     45.00        USD     1,818          (61,335

Activision Blizzard, Inc.

     77          10/23/20        USD     81.50        USD     623          (18,711

Adobe, Inc.

     35          10/23/20        USD     485.00        USD     1,716          (76,125

Advanced Micro Devices, Inc.

     356          10/23/20        USD     92.00        USD     2,919          (52,510

Alibaba Group Holding Ltd., ADR

     130          10/23/20        USD     290.00        USD     3,822          (172,575

Alphabet, Inc., Class A

     14          10/23/20        USD     1,535.00        USD     2,052          (25,130

Alphabet, Inc., Class A

     16          10/23/20        USD     1,510.00        USD     2,345          (42,560

Apple, Inc.

     124          10/23/20        USD     121.00        USD     1,436          (32,426

Autodesk, Inc.

     33          10/23/20        USD     252.50        USD     762          (5,874

Coupa Software, Inc.

     83          10/23/20        USD     262.50        USD     2,276          (177,205

Cree, Inc.

     99          10/23/20        USD     64.00        USD     631          (33,165

Facebook, Inc., Class A

     11          10/23/20        USD     270.00        USD     288          (6,683

Intuit, Inc.

     32          10/23/20        USD     320.00        USD     1,044          (44,800

Marvell Technology Group Ltd.

     34          10/23/20        USD     41.50        USD     135          (2,601

 

 

4  


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2020

  

BlackRock Science and Technology Trust (BST)

 

Exchange-Traded Options Written (continued)

 

Description    Number of
Contracts
       Expiration
Date
       Exercise Price       

Notional

Amount (000)

       Value  
Call (continued)                                                   

Mastercard, Inc., Class A

     40          10/23/20        USD     335.00        USD     1,353        $ (46,900

Microsoft Corp.

     76          10/23/20        USD     212.50        USD     1,599          (43,130

MongoDB, Inc.

     6          10/23/20        USD     235.00        USD     139          (6,420

Okta, Inc.

     17          10/23/20        USD     222.50        USD     364          (11,178

RingCentral, Inc., Class A

     18          10/23/20        USD     287.50        USD     494          (14,130

RingCentral, Inc., Class A

     55          10/23/20        USD     275.00        USD     1,510          (75,625

Roku, Inc.

     18          10/23/20        USD     175.00        USD     340          (35,190

salesforce.com, Inc.

     11          10/23/20        USD     270.00        USD     276          (4,307

Shopify, Inc., Class A

     41          10/23/20        USD     1,030.00        USD     4,194          (205,000

Skyworks Solutions, Inc.

     70          10/23/20        USD     141.00        USD     1,018          (60,200

Snap, Inc., Class A

     64          10/23/20        USD     25.50        USD     167          (14,112

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

     20          10/23/20        USD     83.00        USD     162          (5,420

Teladoc Health, Inc.

     49          10/23/20        USD     220.00        USD     1,074          (62,965

Teladoc Health, Inc.

     50          10/23/20        USD     230.00        USD     1,096          (42,250

Tesla, Inc.

     26          10/23/20        USD     425.00        USD     1,115          (102,050

Twilio, Inc., Class A

     58          10/23/20        USD     255.00        USD     1,433          (61,480

Yandex NV, Class A

     245          10/23/20        USD     64.50        USD     1,599          (86,975

Zoom Video Communications, Inc., Class A

     50          10/23/20        USD     440.00        USD     2,351          (253,250

Zscaler, Inc.

     164          10/23/20        USD     134.00        USD     2,307          (168,920

Activision Blizzard, Inc.

     95          10/30/20        USD     85.00        USD     769          (15,580

Adobe, Inc.

     31          10/30/20        USD     500.00        USD     1,520          (51,925

Advanced Micro Devices, Inc.

     126          10/30/20        USD     85.50        USD     1,033          (59,535

Alibaba Group Holding Ltd., ADR

     62          10/30/20        USD     272.50        USD     1,823          (163,370

Apple, Inc.

     186          10/30/20        USD     120.00        USD     2,154          (74,400

Autodesk, Inc.

     41          10/30/20        USD     250.00        USD     947          (13,018

Crowdstrike Holdings, Inc., Class A

     79          10/30/20        USD     155.00        USD     1,085          (23,937

Facebook, Inc., Class A

     17          10/30/20        USD     267.50        USD     445          (17,977

Lam Research Corp.

     69          10/30/20        USD     345.00        USD     2,289          (92,287

Marvell Technology Group Ltd.

     386          10/30/20        USD     41.00        USD     1,532          (45,162

MercadoLibre, Inc.

     25          10/30/20        USD     1,040.00        USD     2,706          (209,125

Microsoft Corp.

     8          10/30/20        USD     207.50        USD     168          (7,380

MongoDB, Inc.

     49          10/30/20        USD     217.50        USD     1,134          (110,005

NetEase, Inc., ADR

     25          10/30/20        USD     480.00        USD     1,137          (24,750

Netflix, Inc.

     15          10/30/20        USD     510.00        USD     750          (40,162

PayPal Holdings, Inc.

     146          10/30/20        USD     192.50        USD     2,877          (186,880

RingCentral, Inc., Class A

     38          10/30/20        USD     300.00        USD     1,044          (28,310

Roku, Inc.

     110          10/30/20        USD     220.00        USD     2,077          (42,075

Skyworks Solutions, Inc.

     96          10/30/20        USD     145.00        USD     1,397          (67,200

Snap, Inc., Class A

     63          10/30/20        USD     26.00        USD     164          (13,608

Square, Inc., Class A

     215          10/30/20        USD     155.00        USD     3,495          (318,200

StoneCo Ltd., Class A

     166          10/30/20        USD     55.00        USD     878          (34,860

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

     277          10/30/20        USD     80.50        USD     2,246          (121,187

Visa, Inc., Class A

     37          10/30/20        USD     207.50        USD     740          (12,710

Yandex NV, Class A

     245          10/30/20        USD     64.50        USD     1,599          (105,350

Zoom Video Communications, Inc., Class A

     30          10/30/20        USD     530.00        USD     1,410          (50,550

Zscaler, Inc.

     81          10/30/20        USD     145.00        USD     1,140          (58,522

Activision Blizzard, Inc.

     130          11/06/20        USD     85.50        USD     1,052          (40,365

Adobe, Inc.

     18          11/06/20        USD     515.00        USD     883          (26,640

Facebook, Inc., Class A

     37          11/06/20        USD     270.00        USD     969          (45,140

Marvell Technology Group Ltd.

     104          11/06/20        USD     40.50        USD     413          (14,508

MercadoLibre, Inc.

     21          11/06/20        USD     1,150.00        USD     2,273          (106,050

Microsoft Corp.

     92          11/06/20        USD     217.50        USD     1,935          (64,630

NetEase, Inc., ADR

     27          11/06/20        USD     475.00        USD     1,228          (40,095

Okta, Inc.

     105          11/06/20        USD     230.00        USD     2,245          (77,437

RingCentral, Inc., Class A

     16          11/06/20        USD     300.00        USD     439          (17,200

salesforce.com, Inc.

     65          11/06/20        USD     270.00        USD     1,634          (45,175

Visa, Inc., Class A

     37          11/06/20        USD     210.00        USD     740          (14,708

Zoom Video Communications, Inc., Class A

     47          11/06/20        USD     490.00        USD     2,210          (166,145

Advanced Micro Devices, Inc.

     160          11/20/20        USD     87.50        USD     1,312          (86,800

Alibaba Group Holding Ltd., ADR

     126          11/20/20        USD     280.00        USD     3,704          (329,490

Alphabet, Inc., Class A

     10          11/20/20        USD     1,525.00        USD     1,466          (59,550

Avalara, Inc.

     154          11/20/20        USD     130.00        USD     1,961          (160,160

 

 

CONSOLIDATED SCHEDULE OF INVESTMENTS

  5


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2020

  

BlackRock Science and Technology Trust (BST)

 

Exchange-Traded Options Written (continued)

 

Description    Number of
Contracts
       Expiration
Date
       Exercise Price       

Notional

Amount (000)

       Value  
Call (continued)                                                   

Bandwidth, Inc., Class A

     90          11/20/20        USD     150.00        USD     1,571        $ (284,850

Cadence Design Systems, Inc.

     141          11/20/20        USD     110.00        USD     1,503          (71,205

Coupa Software, Inc.

     74          11/20/20        USD     280.00        USD     2,029          (151,700

Elastic NV

     98          11/20/20        USD     110.00        USD     1,057          (77,910

Facebook, Inc., Class A

     9          11/20/20        USD     290.00        USD     236          (6,840

Fair Isaac Corp.

     23          11/20/20        USD     450.00        USD     978          (38,755

Marvell Technology Group Ltd.

     103          11/20/20        USD     41.00        USD     409          (21,424

Mastercard, Inc., Class A

     31          11/20/20        USD     345.00        USD     1,048          (42,315

Microsoft Corp.

     73          11/20/20        USD     220.00        USD     1,535          (52,012

Monolithic Power Systems, Inc.

     55          11/20/20        USD     260.00        USD     1,538          (169,125

Okta, Inc.

     91          11/20/20        USD     220.00        USD     1,946          (121,940

Paycom Software Inc.

     70          11/20/20        USD     310.00        USD     2,179          (183,050

PayPal Holdings, Inc.

     77          11/20/20        USD     195.00        USD     1,517          (110,880

Roku, Inc.

     21          11/20/20        USD     195.00        USD     396          (37,485

ServiceNow, Inc.

     42          11/20/20        USD     480.00        USD     2,037          (158,130

Shopify, Inc., Class A

     13          11/20/20        USD     1,010.00        USD     1,330          (132,145

Snap, Inc., Class A

     137          11/20/20        USD     27.00        USD     358          (29,866

Snowflake, Inc., Class A

     30          11/20/20        USD     300.00        USD     753          (50,550

TAL Education Group, ADR

     187          11/20/20        USD     82.50        USD     1,422          (52,827

Twilio, Inc., Class A

     56          11/20/20        USD     260.00        USD     1,384          (106,120

Visa, Inc., Class A

     27          11/20/20        USD     215.00        USD     540          (9,113

Yandex NV, Class A

     41          11/20/20        USD     70.00        USD     268          (11,173
                          

 

 

 
                           $ (11,089,237
                          

 

 

 

OTC Options Written

 

Description    Counterparty    Number of
Contracts
     Expiration
Date
     Exercise Price      Notional
Amount (000)
     Value  
Call                                                

Ping An Healthcare and Technology Co. Ltd.

   JPMorgan Chase Bank N.A.      92,400        10/07/20      HKD     120.65      HKD     9,240      $ (36

Altium Ltd.

   Morgan Stanley & Co. International PLC      37,400        10/14/20      AUD     37.26      AUD     1,358        (12,565

Meituan Dianping, Class B

   Morgan Stanley & Co. International PLC      105,300        10/15/20      HKD     269.15      HKD     25,708        (47,110

SOITEC

   Morgan Stanley & Co. International PLC      8,000        10/21/20      EUR     108.96      EUR     982        (136,573

GMO Payment Gateway, Inc.

   JPMorgan Chase Bank N.A.      11,700        10/22/20      JPY     10,969.02      JPY     132,183        (71,539

STMicroelectronics NV

   Credit Suisse International      31,300        10/22/20      EUR     26.02      EUR     819        (45,748

TeamViewer AG

   Barclays Bank PLC      26,500        10/22/20      EUR     42.43      EUR     1,115        (46,391

Tencent Holdings Ltd.

   Morgan Stanley & Co. International PLC      66,900        10/22/20      HKD     538.58      HKD     35,020        (93,702

Meituan Dianping, Class B

   Citibank N.A.      96,400        10/27/20      HKD     243.60      HKD     23,535        (170,325

Renesas Electronics Corp.

   JPMorgan Chase Bank N.A.      206,200        10/27/20      JPY     839.95      JPY     159,614        (22,575

Tencent Holdings Ltd.

   UBS AG      68,000        10/27/20      HKD     534.97      HKD     35,596        (119,339

Altium Ltd.

   Morgan Stanley & Co. International PLC      7,800        11/04/20      AUD     36.20      AUD     283        (8,282

Kakao Corp.

   JPMorgan Chase Bank N.A.      7,400        11/04/20      USD     370,230.87      USD     2,691,085        (102,066

Kingdee International Software Group Co. Ltd.

   JPMorgan Chase Bank N.A.      577,000        11/04/20      HKD     20.51      HKD     11,664        (109,077

Ping An Healthcare and Technology Co. Ltd.

   JPMorgan Chase Bank N.A.      82,700        11/04/20      HKD     115.36      HKD     8,270        (12,038

SOITEC

   Citibank N.A.      6,000        11/04/20      EUR     127.10      EUR     737        (23,704

STMicroelectronics NV

   Credit Suisse International      27,400        11/04/20      EUR     26.71      EUR     717        (32,134

TeamViewer AG

   Credit Suisse International      11,300        11/04/20      EUR     44.22      EUR     475        (14,602

ZoomInfo Technologies, Inc., Class A

   UBS AG      42,300        11/05/20      USD     35.25      USD     1,818        (344,531

ASML Holding NV

   UBS AG      7,000        11/06/20      EUR     324.30      EUR     2,203        (72,840

Kakao Corp.

   JPMorgan Chase Bank N.A.      2,000        11/06/20      USD     382,130.00      USD     727,320        (20,699

Kingdee International Software Group Co. Ltd.

   JPMorgan Chase Bank N.A.      297,000        11/06/20      HKD     20.03      HKD     6,004        (65,452

Samsung CDI Co. Ltd.

   JPMorgan Chase Bank N.A.      6,400        11/06/20      USD     458,865.00      USD     2,765,022        (69,494

SOITEC

   UBS AG      1,600        11/06/20      EUR     129.37      EUR     196        (5,204

Xero Ltd.

   JPMorgan Chase Bank N.A.      21,000        11/06/20      AUD     95.32      AUD     2,139        (125,120

Tencent Music Entertainment Group, ADR

   Credit Suisse International      69,800        11/09/20      USD     15.94      USD     1,031        (24,775

Adyen NV

   Barclays Bank PLC      1,900        11/10/20      EUR     1,658.59      EUR     2,989        (88,389

Delivery Hero SE

   Goldman Sachs International      9,200        11/10/20      EUR     102.74      EUR     900        (41,642

Inphi Corp.

   JPMorgan Chase Bank N.A.      16,100        11/10/20      USD     111.00      USD     1,807        (119,302

 

 

6  


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2020

  

BlackRock Science and Technology Trust (BST)

 

OTC Options Written (continued)

 

Description    Counterparty    Number of
Contracts
     Expiration
Date
     Exercise Price      Notional
Amount (000)
     Value  
Call (continued)                                                    

SOITEC

   Goldman Sachs International      8,000        11/10/20        EUR       127.82        EUR       982      $ (33,403

GMO Payment Gateway, Inc.

   UBS AG      14,400        11/12/20        JPY       11,631.82        JPY       162,687        (58,014

TeamViewer AG

   Credit Suisse International      21,700        11/12/20        EUR       43.49        EUR       913        (39,852

Xero Ltd.

   Morgan Stanley & Co. International PLC      18,300        11/12/20        AUD       104.78        AUD       1,864        (33,015

Charles Schwab Corp.

   JPMorgan Chase Bank N.A.      21,200        11/16/20        USD       70.96        USD       1,514        (111,014

Altium Ltd.

   Morgan Stanley & Co. International PLC      45,500        11/18/20        AUD       37.00        AUD       1,652        (37,458

Kingdee International Software Group Co. Ltd.

   JPMorgan Chase Bank N.A.      569,000        11/18/20        HKD       21.13        HKD       11,502        (78,008

ASML Holding NV

   Morgan Stanley & Co. International PLC      12,800        11/19/20        EUR       323.23        EUR       4,028        (162,375

Delivery Hero SE

   Goldman Sachs International      25,400        11/19/20        EUR       103.30        EUR       2,486        (150,006

SOITEC

   UBS AG      2,400        11/19/20        EUR       126.79        EUR       295        (12,851
                     

 

 

 
                      $ (2,761,250
                     

 

 

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

   

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

   

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or 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)

 

   

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy. The breakdown of the Trust’s investments into major categories is disclosed in the Consolidated Schedule of Investments above.

 

      Level 1        Level 2        Level 3        Total  

Assets

                 

Investments

                 

Long-Term Investments

                 

Common Stocks

                 

Automobiles

   $ 12,497,061        $        $        $ 12,497,061  

Banks

                       11,167,128          11,167,128  

Diversified Consumer Services

     16,889,554                            16,889,554  

Diversified Financial Services

                       3,499,552          3,499,552  

Diversified Telecommunication Services

     8,774,063                            8,774,063  

Electronic Equipment, Instruments & Components

              6,824,265                   6,824,265  

Entertainment

     37,362,304                            37,362,304  

Health Care Technology

     10,611,655          6,297,598                   16,909,253  

Interactive Media & Services

     63,931,373          40,713,509                   104,644,882  

Internet & Direct Marketing Retail

     83,129,186          29,477,920          253,889          112,860,995  

IT Services

     168,797,616          17,731,279          9,989,987          196,518,882  

Semiconductors & Semiconductor Equipment

     89,936,986          40,911,518                   130,848,504  

Software

     210,298,771          34,071,427          8,352,801          252,722,999  

Technology Hardware, Storage & Peripherals

     44,870,469                            44,870,469  

 

 

CONSOLIDATED SCHEDULE OF INVESTMENTS

  7


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2020

  

BlackRock Science and Technology Trust (BST)

 

Fair Value Hierarchy as of Period End (continued)

      Level 1        Level 2        Level 3        Total  

Preferred Securities

                 

Preferred Stocks

   $        $        $ 85,972,604        $ 85,972,604  

Warrants

                       180,718          180,718  

Short-Term Securities

                 

Money Market Funds

     2,316,076                            2,316,076  
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ 749,415,114        $ 176,027,516        $ 119,416,679          1,044,859,309  
  

 

 

      

 

 

      

 

 

      

 

 

 

Derivative Financial Instruments(a)

                 

Liabilities

                 

Equity Contracts

   $ (11,005,081      $ (2,845,406      $        $ (13,850,487
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a)

Derivative financial instruments are options written. Options written are shown at value.

 

A reconciliation of Level 3 financial instruments is presented when the Trust had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

 

      Common
Stocks
     Preferred
Stocks
     Warrants      Total  

Assets

           

Opening balance, as of December 31, 2019

   $ 11,498,561      $ 47,488,016      $ 19,454      $ 59,006,031  

Transfers into Level 3

                           

Transfers out of Level 3

                           

Accrued discounts/premiums

                           

Net realized gain (loss)

                           

Net change in unrealized appreciation (depreciation)(a)

     5,114,693        8,130,677        161,264        13,406,634  

Purchases

     16,650,103        30,353,911               47,004,014  

Sales

                           
  

 

 

    

 

 

    

 

 

    

 

 

 

Closing balance, as of September 30, 2020

   $ 33,263,357      $ 85,972,604      $ 180,718      $ 119,416,679  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020(a)

   $ 5,114,693      $ 8,130,677      $ 161,264      $ 13,406,634  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

  (a)

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020 is generally due to investments no longer held or categorized as Level 3 at period end.

 

The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) to determine the value of certain of the Trust’s Level 3 investments as of period end. The table does not include Level 3 investments with values based upon unadjusted third party pricing information in the amount of $3,999,569. A significant change in the third party information could result in a significantly lower or higher value of such Level 3 investments.

 

      Value     Valuation
Approach
  Unobservable Inputs    Range of
Unobservable
Inputs
Utilized(a)
     Weighted
Average of
Unobservable
Inputs
 

Assets

            

Common Stocks(b)(c)

   $ 29,263,788     Market   Revenue Multiple      5.75x - 10.64x        7.59x  
       Recent Transactions      -        -  

Preferred Stocks(d)(e)(f)

     85,972,604     Market   Revenue Multiple      2.50x - 21.50x        7.74x  
       EBITDA Multiple      19.50x        -  
       Volatility      39% - 61%        53%  
       Time to Exit      3.0 - 5.0        3.3  
       Recent Transactions      -        -  
     Income   Discount Rate      14%        -  

Warrants

     180,718     Market   Revenue Multiple      9.08x        -  
       Volatility      44%        -  
       Time to Exit      0.5        -  

 

 

8  


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2020

  

BlackRock Science and Technology Trust (BST)

 

      Value     Valuation
Approach
    Unobservable
Inputs
     Range of
Unobservable
Inputs
Utilized(a)
     Weighted
Average of
Unobservable
Inputs
 
   $ 115,417,110            
  

 

 

           

 

  (a)

A significant change in unobservable input would have resulted in a correlated (inverse) significant change to value.

 
  (b)

For the period end September 30, 2020, the valuation technique for investments classified as Common Stocks amounting to $11,167,128 changed to Transaction Price approach. The investments were previously valued utilizing Current Value Method. The change was due to consideration of the information that was available at the time the investments were valued.

 
  (c)

For the period end September 30, 2020, the valuation technique for investments classified as Common Stocks amounting to $5,990,419 changed to Transaction Price approach. The investments were previously valued utilizing Option Pricing Model approach. The change was due to consideration of the information that was available at the time the investments were valued.

 
  (d)

For the period end September 30, 2020, the valuation technique for investments classified as Preferred Stocks amounting to $4,985,815 changed to Transaction Price Approach. The investments were previously valued utilizing Current Value Method. The change was due to consideration of the information that was available at the time the investments were valued.

 
  (e)

For the period end September 30, 2020, the valuation technique for investments classified as Preferred Stocks amounting to $7,695,830 changed to Transaction Price Approach. The investments were previously valued utilizing Option Pricing Model approach. The change was due to consideration of the information that was available at the time the investments were valued.

 
  (f)

For the period end September 30, 2020, the valuation technique for investments classified as Preferred Stocks amounting to $15,727,824 changed to Current Value Method. The investments were previously valued utilizing Transaction Price Approach. The change was due to consideration of the information that was available at the time the investments were valued.

 

 

Currency Abbreviation
AUD    Australian Dollar
EUR    Euro
HKD    Hong Kong Dollar
JPY    Japanese Yen
USD    United States Dollar
Portfolio Abbreviation
ADR    American Depositary Receipt
CDI    CREST Depository Interest
OTC    Over-the-Counter

 

 

CONSOLIDATED SCHEDULE OF INVESTMENTS

  9