NPORT-EX 2 NPORT_LCXI_67833472_0921.htm BlackRock Science and Technology Trust

Consolidated Schedule of Investments  (unaudited)

September 30, 2021

  

BlackRock Science and Technology Trust (BST)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

Airlines — 0.2%  

Lilium N.V., (Acquired 09/13/21,
Cost: $3,500,000)(a)

    350,000     $ 3,398,315  
   

 

 

 
Automobiles — 2.3%  

Arrival Ltd., (Acquired 09/27/21,
Cost: $6,054,721)(a)

    835,013       10,980,421  

Arrival SA(b)(c)(d)

    180,232       2,370,051  

Tesla, Inc.(b)(c)

    34,934       27,090,618  
   

 

 

 
      40,441,090  
Banks — 2.1%  

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

    26,430       36,387,653  
   

 

 

 
Capital Markets — 0.4%  

Robinhood Markets, Inc., Class A(b)(c)(d)

    168,360       7,084,589  
   

 

 

 
Diversified Consumer Services — 0.7%  

Chegg, Inc.(b)(c)

    132,939       9,042,511  

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

    997       3,828,996  
   

 

 

 
      12,871,507  
Diversified Financial Services — 0.6%  

TransferWise

    27,945       10,649,020  
   

 

 

 
Electrical Equipment(b)(c) — 0.8%  

Array Technologies, Inc.

    461,679       8,550,295  

Shoals Technologies Group, Inc., Class A

    194,549       5,424,026  
   

 

 

 
      13,974,321  
Electronic Equipment, Instruments & Components — 0.8%  

Samsung SDI Co. Ltd

    24,747       14,767,026  
   

 

 

 
Entertainment — 2.3%  

Activision Blizzard, Inc.(b)

    155,236       12,013,714  

Krafton, Inc.(c)(d)

    31,356       13,294,521  

Roku, Inc.(b)(c)

    47,235       14,801,087  
   

 

 

 
      40,109,322  
Hotels, Restaurants & Leisure — 0.4%  

Airbnb, Inc., Class A(b)(c)

    37,252       6,249,023  
   

 

 

 
Interactive Media & Services — 9.6%  

Alphabet, Inc., Class A(b)(c)

    16,230       43,391,230  

Facebook, Inc., Class A(b)(c)

    73,953       25,098,909  

Kakao Corp.

    290,958       28,615,171  

Kanzhun Ltd., ADR(c)

    134,556       4,842,670  

Snap, Inc., Class A(b)(c)

    296,070       21,870,691  

Yandex NV, Class A(b)(c)

    195,458       15,576,048  

Z Holdings Corp.

    2,037,900       13,042,675  

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

    244,602       14,967,196  
   

 

 

 
      167,404,590  
Internet & Direct Marketing Retail — 4.0%  

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

    11,198       36,785,878  

Delivery Hero SE(c)(f)

    95,470       12,177,691  

Ensogo Ltd.(c)(e)

    173,282       1  

Jasper Infotech Private Ltd., Series I, (Acquired 08/18/15, Cost: $1,998,435)(a)(e)

    1,054       176,893  

MercadoLibre, Inc.(b)(c)

    12,473       20,947,156  
   

 

 

 
      70,087,619  
IT Services — 16.8%  

Accenture PLC, Class A(b)

    54,906       17,565,528  

Adyen NV(c)(f)

    5,007       13,996,376  

Automattic, Inc., Series E, (Acquired 02/03/21, Cost: $7,999,945)(a)(e)

    94,117       8,896,880  

Fiserv, Inc.(b)(c)

    116,725       12,664,663  

 

Security   Shares      Value  
IT Services (continued)  

GMO Payment Gateway, Inc.

    92,500      $ 11,679,183  

Marqeta, Inc., Class A(c)

    410,502        9,080,304  

Mastercard, Inc., Class A(b)

    83,560        29,052,141  

MongoDB, Inc.(b)(c)

    36,252        17,093,181  

Okta, Inc.(b)(c)

    75,945        18,024,786  

PayPal Holdings, Inc.(b)(c)

    125,657        32,697,208  

Shopify, Inc., Class A(b)(c)

    14,378        19,493,405  

Snowflake, Inc., Class A(b)(c)

    14,418        4,360,436  

Square, Inc., Class A(b)(c)

    123,624        29,649,980  

Thoughtworks Holding, Inc.(b)(c)

    469,678        13,484,455  

TRAX Ltd., Series D, (Acquired 02/18/21, Cost: $1,999,989)(a)(e)

    38,361        2,133,255  

TRAX Ltd., Series E, (Acquired 09/12/19, Cost: $4,000,013)(a)(e)

    106,667        5,931,752  

Twilio, Inc., Class A(b)(c)

    73,502        23,450,813  

Visa, Inc., Class A(b)

    114,046        25,403,746  
    

 

 

 
       294,658,092  
Machinery — 0.1%  

Berkshire Grey, Inc.

    238,775        1,678,588  
    

 

 

 
Professional Services — 0.7%  

Recruit Holdings Co. Ltd.

    208,700        12,756,959  
    

 

 

 
Road & Rail — 1.1%  

Didi Global, Inc., (Acquired 07/08/21,
Cost: $3,016,964)(a)

    440,012        3,343,905  

Lyft, Inc., Class A(b)(c)

    209,319        11,217,405  

TuSimple Holdings, Inc., Class A(b)(c)

    114,035        4,234,120  
    

 

 

 
       18,795,430  
Semiconductors & Semiconductor Equipment — 14.0%  

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

    246,478        25,362,586  

Alphawave IP Group PLC(c)

    1,604,288        5,014,954  

Analog Devices, Inc.(b)

    50,378        8,437,307  

ASML Holding NV

    40,889        30,546,462  

Cree, Inc.(b)

            

Lam Research Corp.(b)

    44,718        25,451,250  

Marvell Technology, Inc.(b)

    578,677        34,900,010  

Monolithic Power Systems, Inc.

    36,607        17,742,681  

Qualcomm, Inc.(b)

    71,083        9,168,285  

Renesas Electronics Corp.(c)

    1,228,400        15,118,352  

Skyworks Solutions, Inc.(b)

    58,795        9,688,240  

Soitec SA(c)

    77,414        16,734,415  

STMicroelectronics NV

    306,436        13,379,518  

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

    183,509        20,488,780  

Wolfspeed, Inc.

    150,470        12,147,443  
    

 

 

 
       244,180,283  
Software — 21.0%  

Adobe, Inc.(b)(c)

    39,042        22,477,260  

AppLovin Corp., Class A(b)(c)

    167,279        12,105,981  

Atlassian Corp. PLC, Class A(b)(c)

    48,947        19,158,835  

Autodesk, Inc.(b)(c)

    49,693        14,170,953  

Avalara, Inc.(b)(c)

    89,151        15,580,920  

C3.AI, Inc., Class A(b)(c)

    201,236        9,325,276  

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

    105,172        15,927,248  

Coupa Software, Inc.(b)(c)

    52,482        11,503,005  

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

    55,778        13,709,117  

CS Disco, Inc.(c)

    187,702        8,998,434  

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

    19,999        4,408,780  

DataRobot, Inc., Series F, (Acquired 03/01/21, Cost: $583,275)(a)(e)

    38,789        1,154,749  
 

 

 

CONSOLIDATED SCHEDULES OF INVESTMENTS

  1


    

 

 

Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2021

  

BlackRock Science and Technology Trust (BST)

(Percentages shown are based on Net Assets)

 

Security   Shares      Value  
Software (continued)  

Elastic NV(b)(c)

    64,747      $ 9,646,655  

Freshworks, Inc., Class A(b)(c)

    88,217        3,765,984  

Intuit, Inc.(b)

    31,264        16,867,241  

Linklogis, Inc., (Acquired 03/31/21,
Cost: $2,624,480)(a)

    1,149,000        1,180,778  

Microsoft Corp.(b)

    226,677        63,904,780  

Patreon, Inc., (Acquired 08/19/21,
Cost: $3,352,226)(a)(e)

    59,524        3,333,344  

Paycom Software, Inc.(b)(c)

    30,220        14,981,565  

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

    60,731        16,471,462  

ServiceNow, Inc.(b)(c)

    35,960        22,376,829  

SiteMinder Ltd., Class A, (Acquired 01/21/20,
Cost: $6,160,136)(a)(e)

    53,642        6,506,587  

Snorkel AI, Inc., (Acquired 06/30/21,
Cost: $997,636)(a)(e)

    66,422        1,037,512  

Snyk Ltd. , (Acquired 09/02/21,
Cost: $5,192,307)(a)(e)

    361,972        5,190,678  

Unity Software, Inc.(b)(c)

    113,383        14,314,604  

Xero Ltd.(c)

    135,671        13,313,192  

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

    27,019        7,065,468  

Zscaler, Inc.(b)(c)

    74,956        19,654,962  
    

 

 

 
       368,132,199  
Specialty Retail — 0.6%  

Cazoo Group Ltd., (Acquired 10/08/20,
Cost: $5,162,370)(a)

    1,298,058        9,676,871  
    

 

 

 
Technology Hardware, Storage & Peripherals — 3.6%  

Apple, Inc.(b)

    450,747        63,780,700  
    

 

 

 

Total Common Stocks — 82.1%
(Cost: $625,830,938)

 

     1,437,083,197  
    

 

 

 

Preferred Securities

    

Preferred Stocks — 12.8%

    
Diversified Consumer Services — 0.2%  

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

    1,054        4,047,905  
    

 

 

 
Diversified Financial Services — 2.3%  

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

    93,135        20,531,611  

TransferWise

    

Series A

    11,355        4,327,057  

Series B

    3,261        1,242,671  

Series C

    1,824        695,073  

Series D

    504        192,060  

Series E

    53        20,197  

TransferWise (Seed Preferred)

    9,603        3,659,422  

Trumid Holdings LLC, Class L, (Acquired 09/15/21,
Cost: $9,999,695)(a)(e)(g)

    11,420        9,999,694  
    

 

 

 
       40,667,785  
Electrical Equipment(a)(e) — 0.4%  

Credo Technology Group Holding Ltd.

    

Series D, (Acquired 03/20/20,
Cost: $5,000,001)

    1,001,382        6,498,969  

Series D+, (Acquired 01/22/20,
Cost: $404,498)

    69,679        452,217  
    

 

 

 
       6,951,186  
Security   Shares      Value  
Entertainment — 0.4%  

Discord, Inc., (Acquired 09/13/21,
Cost: $7,000,088)(a)(e)

    12,713      $ 7,000,088  
    

 

 

 
Food Products(a)(e) — 0.7%  

Farmer’s Business Network, Inc.

    

(Acquired 09/15/21, Cost: $6,999,963)

    112,616        7,000,211  

Series F, (Acquired 07/31/20,
Cost: $2,999,886)

    90,750        5,641,020  
    

 

 

 
       12,641,231  
Interactive Media & Services — 0.9%  

ByteDance Ltd., Series E, (Acquired 11/11/20,
Cost: $9,999,959)(a)(e)

    91,262        15,309,818  
    

 

 

 
IT Services(a)(e) — 1.6%  

Deep Instinct Ltd., Series D-2, (Acquired 03/19/21,
Cost: $2,999,391)

    493,493        3,405,101  

Solugen, Inc., (Acquired 09/02/21, Cost: $9,999,977) .

    269,284        10,000,777  

Trumid Holdings LLC(g)

    

Class J-A, (Acquired 07/24/20,
Cost: $2,499,716)

    5,038        4,411,424  

Class J-B, (Acquired 07/24/20,
Cost: $1,499,830)

    5,038        4,411,424  

Voltron Data, Inc., (Acquired 07/14/21,
Cost: $5,000,000)

    9,090,909        5,000,000  
    

 

 

 
       27,228,726  
Road & Rail(a)(e) — 0.8%  

Ant Group Co., Ltd, Series C, (Acquired 05/18/18,
Cost: $6,492,862)

    1,157,373        6,400,273  

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

    275        6,421,710  
    

 

 

 
       12,821,983  
Semiconductors & Semiconductor Equipment(a)(e) — 2.6%  

Innovium, Inc.

    

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

    353,478        2,997,494  

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

    296,062        2,984,305  

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

    690,003        14,110,561  

PsiQuantum Corp., Series D, (Acquired 05/21/21, Cost: $5,000,025)

    190,650        4,995,030  

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

    187,300        20,295,828  
    

 

 

 
       45,383,218  
Software(a)(e) — 2.9%  

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

    41,257        3,370,697  

Databricks, Inc., Series G, (Acquired 02/01/21,
Cost: $4,500,001)

    25,371        5,593,037  

DataRobot, Inc., Series F, (Acquired 10/27/20,
Cost: $2,999,996)

    228,276        6,795,776  

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

    156,500        8,998,750  

Patreon, Inc., Series D, (Acquired 07/14/21,
Cost: $6,666,632)

    119,047        6,666,632  

Snorkel AI, Inc., Series C, (Acquired 06/30/21,
Cost: $4,999,985)

    332,896        5,199,835  

Snyk, Ltd., (Acquired 09/02/21,
Cost: $4,807,688)

    335,159        4,806,180  
 

 

 

2  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2021

  

BlackRock Science and Technology Trust (BST)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Software (continued)            

Unqork, Inc.

   

Series B, (Acquired 09/19/19, Cost: $3,198,417)

    281,080     $ 8,297,482  

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

    47,600       1,405,152  
   

 

 

 
      51,133,541  
   

 

 

 

Total Preferred Stocks — 12.8%

      223,185,481  
   

 

 

 

Total Preferred Securities — 12.8%
(Cost: $143,370,255)

      223,185,481  
   

 

 

 

Warrants

   

IT Services — 0.0%

 

TRAX Ltd., (Acquired 09/12/19, Cost: $0)(a)(e)

    17,065       174,575  
   

 

 

 

Total Warrants — 0.0%
(Cost: $ — )

      174,575  
   

 

 

 

Total Long-Term Investments — 94.9%
(Cost: $769,201,193)

      1,660,443,253  
   

 

 

 

Short-Term Securities

   
Money Market Funds — 6.0%            

BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%(h)(i)

    97,469,011       97,469,011  

SL Liquidity Series, LLC, Money Market Series, 0.13%(h)(i)(j)

    8,459,902       8,462,440  
   

 

 

 

Total Short-Term Securities — 6.0%
(Cost: $105,931,451)

 

    105,931,451  
   

 

 

 

Total Investments Before Options Written — 100.9%
(Cost: $875,132,644)

 

    1,766,374,704  
   

 

 

 

Options Written — (0.4)%
(Premiums Received: $(13,532,638))

      (6,905,512
   

 

 

 

Total Investments, Net of Options Written — 100.5%
(Cost: $861,600,006)

 

    1,759,469,192  

Liabilities in Excess of Other Assets — (0.5)%

 

    (9,067,190
   

 

 

 

Net Assets — 100.0%

 

  $ 1,750,402,002  
   

 

 

 

 

(a)

Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $320,790,945, representing 18.3% of its net assets as of period end, and an original cost of $204,117,628.

(b)

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

(c)

Non-income producing security.

(d)

All or a portion of this security is on loan.

(e)

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

(f) 

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.

(g)

All or a portion of the security is held by a wholly-owned subsidiary.

(h)

Affiliate of the Trust.

(i) 

Annualized 7-day yield as of period end.

(j) 

All or a portion of this security was purchased with the cash collateral from loaned 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.

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
12/31/20
     Purchases
at Cost
     Proceeds
from Sales
     Net
Realized
Gain (Loss)
     Change in
Unrealized
Appreciation
(Depreciation)
     Value at
09/30/21
     Shares
Held at
09/30/21
     Income      Capital Gain
Distributions
from
Underlying
Funds
 

BlackRock Liquidity Funds, T-Fund, Institutional Class

   $  9,266,737      $  88,202,274 (a)     $      $      $      $ 97,469,011        97,469,011      $ 3,987      $  

SL Liquidity Series, LLC, Money Market Series

            8,462,440 (a)                             8,462,440        8,459,902        316,355 (b)        
           

 

 

    

 

 

    

 

 

       

 

 

    

 

 

 
            $      $      $  105,931,451         $ 320,342      $  
           

 

 

    

 

 

    

 

 

       

 

 

    

 

 

 

 

  (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.

 

 

 

CONSOLIDATED SCHEDULES OF INVESTMENTS

  3


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2021

  

BlackRock Science and Technology Trust (BST)

 

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

                          

Accenture PLC, Class A

     96          10/01/21        USD     330.00        USD     3,071        $ (1,920

Analog Devices, Inc.

     4          10/01/21        USD     170.00        USD     67          (140

Cree, Inc.

     134          10/01/21        USD     84.00        USD     1,082          (2,010

Marvell Technology Inc.

     491          10/01/21        USD     60.25        USD     2,961          (27,153

MercadoLibre, Inc.

     10          10/01/21        USD     1,830.00        USD     1,679          (3,500

Okta, Inc.

     28          10/01/21        USD     240.00        USD     665          (3,332

ServiceNow, Inc.

     32          10/01/21        USD     600.00        USD     1,991          (75,040

Taiwan Semiconductor Manufacturing Co. Ltd.

     38          10/01/21        USD     114.00        USD     424          (361

Adobe, Inc.

     30          10/08/21        USD     665.00        USD     1,727          (435

Amazon.com, Inc.

     6          10/08/21        USD     3,575.00        USD     1,971          (609

Analog Devices, Inc.

     73          10/08/21        USD     175.00        USD     1,223          (4,198

Apple, Inc.

     160          10/08/21        USD     155.00        USD     2,264          (480

Atlassian Corp. PLC, Class A

     40          10/08/21        USD     390.00        USD     1,566          (40,600

Coupa Software, Inc.

     88          10/08/21        USD     250.00        USD     1,929          (2,860

Cree, Inc.

     152          10/08/21        USD     92.00        USD     1,227          (7,980

Crowdstrike Holdings, Inc., Class A

     42          10/08/21        USD     285.00        USD     1,032          (567

Fiserv, Inc.

     160          10/08/21        USD     119.00        USD     1,736          (3,840

Lam Research Corp.

     43          10/08/21        USD     625.00        USD     2,447          (3,290

Lyft, Inc., Class A

     94          10/08/21        USD     52.00        USD     504          (22,184

Mastercard, Inc., Class A

     41          10/08/21        USD     360.00        USD     1,425          (5,740

MercadoLibre, Inc.

     11          10/08/21        USD     2,100.00        USD     1,847          (880

Microsoft Corp.

     47          10/08/21        USD     305.00        USD     1,325          (447

MongoDB, Inc.

     12          10/08/21        USD     415.00        USD     566          (71,100

Roku, Inc.

     23          10/08/21        USD     385.00        USD     721          (299

salesforce.com, Inc.

     125          10/08/21        USD     270.00        USD     3,390          (67,187

ServiceNow, Inc.

     49          10/08/21        USD     675.00        USD     3,049          (1,470

Shopify, Inc., Class A

     18          10/08/21        USD     1,560.00        USD     2,440          (1,665

Snap, Inc., Class A

     210          10/08/21        USD     81.22        USD     1,551          (9,453

Square, Inc., Class A

     44          10/08/21        USD     270.00        USD     1,055          (924

Taiwan Semiconductor Manufacturing Co. Ltd.

     45          10/08/21        USD     128.00        USD     502          (248

Tesla, Inc.

     18          10/08/21        USD     755.00        USD     1,396          (73,305

Twilio, Inc., Class A

     80          10/08/21        USD     380.00        USD     2,552          (3,400

Visa, Inc., Class A

     70          10/08/21        USD     240.00        USD     1,559          (700

Yandex NV, Class A

     100          10/08/21        USD     80.00        USD     797          (14,250

Zoom Video Communications, Inc., Class A

     43          10/08/21        USD     325.00        USD     1,124          (645

Activision Blizzard, Inc.

     214          10/15/21        USD     82.50        USD     1,656          (9,844

Adobe, Inc.

     26          10/15/21        USD     620.00        USD     1,497          (3,809

Advanced Micro Devices, Inc.

     119          10/15/21        USD     110.00        USD     1,225          (12,316

Airbnb, Inc., Class A

     33          10/15/21        USD     165.00        USD     554          (22,605

Alphabet Inc., Class A

     14          10/15/21        USD     2,750.00        USD     3,743          (39,130

Amazon.com, Inc.

     7          10/15/21        USD     3,600.00        USD     2,300          (1,698

Analog Devices, Inc.

     4          10/15/21        USD     170.00        USD     67          (960

Apple, Inc.

     53          10/15/21        USD     155.00        USD     750          (742

Applovin Corp., Class A

     288          10/15/21        USD     85.00        USD     2,084          (13,680

Array Technologies, Inc.

     807          10/15/21        USD     20.00        USD     1,495          (34,297

Atlassian Corp. PLC, Class A

     34          10/15/21        USD     360.00        USD     1,331          (119,000

Autodesk, Inc.

     24          10/15/21        USD     300.00        USD     684          (4,020

Avalara, Inc.

     44          10/15/21        USD     180.00        USD     769          (15,620

C3.AI, Inc., Class A

     167          10/15/21        USD     55.00        USD     774          (5,428

Cadence Design Systems, Inc.

     178          10/15/21        USD     155.00        USD     2,696          (33,820

Chegg, Inc.

     282          10/15/21        USD     85.00        USD     1,918          (1,410

Chegg, Inc.

     120          10/15/21        USD     90.00        USD     816          (600

Cree, Inc.

     123          10/15/21        USD     95.00        USD     993          (1,845

Crowdstrike Holdings, Inc., Class A

     38          10/15/21        USD     280.00        USD     934          (1,539

Elastic NV

     114          10/15/21        USD     170.00        USD     1,698          (4,845

Facebook, Inc., Class A

     42          10/15/21        USD     385.00        USD     1,425          (651

Freshworks Inc., Class A

     273          10/15/21        USD     50.00        USD     1,165          (11,603

Intuit, Inc.

     76          10/15/21        USD     560.00        USD     4,100          (33,060

Lyft, Inc., Class A

     188          10/15/21        USD     52.50        USD     1,007          (47,094

Microsoft Corp.

     87          10/15/21        USD     295.00        USD     2,453          (12,658

 

 

4  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2021

  

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)

                          

MongoDB, Inc.

     12          10/15/21        USD     490.00        USD     566        $ (11,760

Okta, Inc.

     66          10/15/21        USD     280.00        USD     1,566          (1,056

Paycom Software, Inc.

     47          10/15/21        USD     480.00        USD     2,330          (109,745

PayPal Holdings, Inc.

     84          10/15/21        USD     280.00        USD     2,186          (6,678

Shoals Technologies Group, Inc., Class A

     50          10/15/21        USD     35.00        USD     139          (625

Shopify, Inc., Class A

     9          10/15/21        USD     1,650.00        USD     1,220          (1,013

Snap, Inc., Class A

     793          10/15/21        USD     80.00        USD     5,858          (75,731

Snowflake, Inc., Class A

     25          10/15/21        USD     305.00        USD     756          (22,750

Square, Inc., Class A

     53          10/15/21        USD     270.00        USD     1,271          (3,816

Tesla, Inc.

     14          10/15/21        USD     755.00        USD     1,086          (64,260

Tesla, Inc.

     19          10/15/21        USD     760.00        USD     1,473          (80,227

Twilio, Inc., Class A

     75          10/15/21        USD     390.00        USD     2,393          (2,325

Unity Software, Inc.

     162          10/15/21        USD     135.00        USD     2,045          (30,375

Visa, Inc., Class A

     26          10/15/21        USD     240.00        USD     579          (767

Zoom Video Communications, Inc., Class A

     45          10/15/21        USD     390.00        USD     1,177          (675

ZoomInfo Technologies, Inc., Class A

     366          10/15/21        USD     65.00        USD     2,240          (38,430

Zscaler, Inc.

     68          10/15/21        USD     280.00        USD     1,783          (14,960

Adobe, Inc.

     13          10/22/21        USD     670.00        USD     748          (1,203

Amazon.com, Inc.

     13          10/22/21        USD     3,575.00        USD     4,271          (9,165

Apple, Inc.

     278          10/22/21        USD     155.00        USD     3,934          (7,923

Coupa Software, Inc.

     44          10/22/21        USD     270.00        USD     964          (1,870

Fiserv, Inc.

     90          10/22/21        USD     118.00        USD     977          (3,960

Lyft, Inc., Class A

     12          10/22/21        USD     54.00        USD     64          (2,568

Mastercard, Inc., Class A

     44          10/22/21        USD     365.00        USD     1,530          (11,000

Microsoft Corp.

     60          10/22/21        USD     305.00        USD     1,692          (5,250

MongoDB, Inc.

     12          10/22/21        USD     490.00        USD     566          (17,220

Okta, Inc.

     53          10/22/21        USD     265.00        USD     1,258          (6,413

PayPal Holdings, Inc.

     40          10/22/21        USD     300.00        USD     1,041          (1,140

PayPal Holdings, Inc.

     77          10/22/21        USD     290.00        USD     2,004          (4,197

Qualcomm, Inc.

     91          10/22/21        USD     149.00        USD     1,174          (1,001

Roku, Inc.

     80          10/22/21        USD     365.00        USD     2,507          (15,480

salesforce.com, Inc.

     85          10/22/21        USD     265.00        USD     2,305          (96,262

Shopify, Inc., Class A

     9          10/22/21        USD     1,595.00        USD     1,220          (3,083

Snap, Inc., Class A

     251          10/22/21        USD     77.00        USD     1,854          (98,517

Square, Inc., Class A

     112          10/22/21        USD     280.00        USD     2,686          (7,224

Tesla, Inc.

     28          10/22/21        USD     740.00        USD     2,171          (174,230

Visa, Inc., Class A

     56          10/22/21        USD     240.00        USD     1,247          (2,744

Yandex NV, Class A

     230          10/22/21        USD     81.00        USD     1,833          (60,950

Zscaler, Inc.

     29          10/22/21        USD     285.00        USD     760          (6,873

Airbnb, Inc., Class A

     41          10/29/21        USD     165.00        USD     688          (36,387

Autodesk, Inc.

     38          10/29/21        USD     300.00        USD     1,084          (12,920

Lyft, Inc., Class A

     219          10/29/21        USD     54.00        USD     1,174          (52,560

Marvell Technology Inc.

     388          10/29/21        USD     62.00        USD     2,340          (60,140

PayPal Holdings, Inc.

     76          10/29/21        USD     305.00        USD     1,978          (3,420

Roku, Inc.

     80          10/29/21        USD     370.00        USD     2,507          (20,800

Zscaler, Inc.

     68          10/29/21        USD     275.00        USD     1,783          (41,310

Robinhood Markets, Inc., Class A

     462          11/04/21        USD     46.00        USD     1,944          (59,032

Activision Blizzard, Inc.

     169          11/05/21        USD     82.00        USD     1,308          (31,563

Adobe, Inc.

     23          11/05/21        USD     656.00        USD     1,324          (3,013

Advanced Micro Devices, Inc

     467          11/05/21        USD     112.00        USD     4,805          (121,420

Alphabet Inc., Class A

     12          11/05/21        USD     2,825.00        USD     3,208          (53,949

Amazon.com, Inc.

     8          11/05/21        USD     3,470.00        USD     2,628          (40,800

Apple, Inc.

     235          11/05/21        USD     148.00        USD     3,325          (58,045

Arrival SA

     280          11/05/21        USD     13.00        USD     368          (35,700

Autodesk, Inc.

     37          11/05/21        USD     305.00        USD     1,055          (11,933

Coupa Software, Inc.

     30          11/05/21        USD     255.00        USD     658          (7,125

Crowdstrike Holdings, Inc., Class A

     42          11/05/21        USD     270.00        USD     1,032          (16,485

Intuit, Inc.

     20          11/05/21        USD     580.00        USD     1,079          (8,900

Lam Research Corp.

     69          11/05/21        USD     600.00        USD     3,927          (121,017

Marvell Technology Inc.

     602          11/05/21        USD     65.00        USD     3,631          (35,518

Mastercard, Inc., Class A

     41          11/05/21        USD     370.00        USD     1,425          (16,912

MercadoLibre, Inc.

     12          11/05/21        USD     1,900.00        USD     2,015          (35,340

 

 

CONSOLIDATED SCHEDULES OF INVESTMENTS

  5


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2021

  

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)

                          

Microsoft Corp.

     77          11/05/21        USD     305.00        USD     2,171        $ (16,555

MongoDB, Inc.

     13          11/05/21        USD     470.00        USD     613          (39,452

Qualcomm, Inc.

     129          11/05/21        USD     142.00        USD     1,664          (12,190

Shopify, Inc., Class A

     9          11/05/21        USD     1,545.00        USD     1,220          (16,785

Shopify, Inc., Class A

     9          11/05/21        USD     1,470.00        USD     1,220          (30,150

Skyworks Solutions, Inc.

     84          11/05/21        USD     180.00        USD     1,384          (16,002

Snap, Inc., Class A

     186          11/05/21        USD     81.00        USD     1,374          (60,450

Square, Inc., Class A

     123          11/05/21        USD     265.00        USD     2,950          (62,730

Taiwan Semiconductor Manufacturing Co. Ltd.

     186          11/05/21        USD     117.00        USD     2,077          (36,549

Twilio, Inc., Class A

     72          11/05/21        USD     345.00        USD     2,297          (61,561

Visa, Inc., Class A

     29          11/05/21        USD     235.00        USD     646          (7,439

Yandex NV, Class A

     102          11/05/21        USD     80.00        USD     813          (34,532

Zoom Video Communications, Inc., Class A

     60          11/05/21        USD     290.00        USD     1,569          (24,300

Zscaler, Inc.

     67          11/05/21        USD     280.00        USD     1,757          (38,692

Marqeta, Inc., Class A

     750          11/08/21        USD     33.00        USD     1,659          (10,182

Monolithic Power Systems, Inc.

     113          11/08/21        USD     499.00        USD     5,477          (196,006

Facebook, Inc., Class A

     38          11/11/21        USD     366.00        USD     1,290          (20,437

Apple, Inc.

     109          11/12/21        USD     149.50        USD     1,542          (24,446

Accenture PLC, Class A

     74          11/19/21        USD     345.00        USD     2,367          (14,245

Activision Blizzard, Inc.

     98          11/19/21        USD     80.00        USD     758          (28,273

Adobe, Inc.

     29          11/19/21        USD     635.00        USD     1,670          (13,775

Advanced Micro Devices, Inc.

     178          11/19/21        USD     105.00        USD     1,832          (102,795

Airbnb, Inc., Class A

     41          11/19/21        USD     175.00        USD     688          (30,955

Alphabet Inc., Class A

     6          11/19/21        USD     2,875.00        USD     1,604          (23,160

Analog Devices, Inc.

     75          11/19/21        USD     180.00        USD     1,256          (14,437

Apple, Inc.

     66          11/19/21        USD     155.00        USD     934          (9,042

Applovin Corp., Class A

     230          11/19/21        USD     85.00        USD     1,665          (56,925

Arrival SA

     280          11/19/21        USD     15.00        USD     368          (25,200

Atlassian Corp. PLC, Class A

     77          11/19/21        USD     400.00        USD     3,014          (186,058

Autodesk, Inc.

     55          11/19/21        USD     300.00        USD     1,568          (33,550

Avalara, Inc.

     117          11/19/21        USD     190.00        USD     2,045          (66,690

Cadence Design Systems, Inc.

     150          11/19/21        USD     170.00        USD     2,272          (22,500

Chegg, Inc.

     104          11/19/21        USD     85.00        USD     707          (6,240

Cree, Inc.

     57          11/19/21        USD     92.50        USD     460          (11,258

Crowdstrike Holdings, Inc., Class A

     8          11/19/21        USD     280.00        USD     197          (2,860

Crowdstrike Holdings, Inc., Class A

     42          11/19/21        USD     270.00        USD     1,032          (23,835

Elastic NV

     86          11/19/21        USD     180.00        USD     1,281          (10,320

Facebook, Inc., Class A

     67          11/19/21        USD     375.00        USD     2,274          (30,150

Fiserv, Inc.

     111          11/19/21        USD     120.00        USD     1,204          (10,656

Lam Research Corp.

     26          11/19/21        USD     650.00        USD     1,480          (18,265

Lyft, Inc., Class A

     135          11/19/21        USD     57.50        USD     723          (30,442

Marqeta, Inc., Class A

     750          11/19/21        USD     35.00        USD     1,659          (11,250

Marvell Technology Inc.

     312          11/19/21        USD     65.00        USD     1,882          (36,972

Mastercard, Inc., Class A

     41          11/19/21        USD     375.00        USD     1,425          (16,912

MercadoLibre, Inc.

     5          11/19/21        USD     1,880.00        USD     840          (22,450

Microsoft Corp.

     47          11/19/21        USD     300.00        USD     1,325          (20,210

MongoDB, Inc.

     63          11/19/21        USD     500.00        USD     2,971          (121,275

Okta, Inc.

     88          11/19/21        USD     270.00        USD     2,089          (26,180

Paycom Software, Inc.

     47          11/19/21        USD     480.00        USD     2,330          (178,130

PayPal Holdings, Inc.

     112          11/19/21        USD     280.00        USD     2,914          (55,440

Robinhood Markets, Inc., Class A

     462          11/19/21        USD     46.00        USD     1,944          (80,850

Roku, Inc.

     76          11/19/21        USD     365.00        USD     2,381          (61,180

ServiceNow, Inc.

     30          11/19/21        USD     660.00        USD     1,867          (48,000

Shoals Technologies Group, Inc., Class A

     197          11/19/21        USD     40.00        USD     549          (5,910

Shopify, Inc., Class A

     25          11/19/21        USD     1,550.00        USD     3,389          (64,125

Skyworks Solutions, Inc.

     98          11/19/21        USD     185.00        USD     1,615          (17,493

Snap, Inc., Class A

     165          11/19/21        USD     85.00        USD     1,219          (45,787

Snowflake, Inc., Class A

     19          11/19/21        USD     325.00        USD     575          (17,860

Square, Inc., Class A

     51          11/19/21        USD     280.00        USD     1,223          (19,380

Taiwan Semiconductor Manufacturing Co. Ltd.

     299          11/19/21        USD     120.00        USD     3,338          (47,541

Thoughtworks Holding Inc.

     395          11/19/21        USD     35.00        USD     1,134          (37,525

TuSimple Holdings, Inc.

     207          11/19/21        USD     55.00        USD     769          (20,182

 

 

6  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2021

  

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)

                          

Unity Software, Inc.

     132          11/19/21        USD     135.00        USD     1,667        $ (89,760

Unity Software, Inc.

     58          11/19/21        USD     140.00        USD     732          (30,450

Visa, Inc., Class A

     45          11/19/21        USD     240.00        USD     1,002          (10,013

Yandex NV, Class A

     173          11/19/21        USD     80.00        USD     1,379          (65,740

ZoomInfo Technologies, Inc., Class A

     384          11/19/21        USD     66.35        USD     2,350          (95,152

Microsoft Corp.

     135          12/17/21        USD     305.00        USD     3,806          (65,475

Shoals Technologies Group, Inc., Class A

     107          12/17/21        USD     35.00        USD     298          (12,572
                          

 

 

 
                           $ (5,576,144
                          

 

 

 

OTC Options Written

Description    Counterparty    Number of
Contracts
     Expiration
Date
     Exercise Price     

Notional

Amount (000)

     Value  

Call

                     

GMO Payment Gateway Inc.

   Goldman Sachs International      17,500        10/05/21        JPY       13,384.63        JPY       248,150      $ (108,503)  

Xero Ltd.

   UBS AG      18,300        10/05/21        AUD       146.37        AUD       2,544        (629

Yahoo Japan Corp.

   Goldman Sachs International      335,000        10/05/21        JPY       704.77        JPY       240,430        (70,721

Shoals Technologies Group, Inc., Class A

   Citibank N.A.      21,400        10/06/21        USD       29.96        USD       597        (4,827

Adyen NV

   Goldman Sachs International      1,800        10/07/21        EUR       2,433.72        EUR       4,347        (68,983

Soitec SA

   UBS AG      4,900        10/07/21        EUR       198.08        EUR       921        (3,326

Avalara, Inc.

   Citibank N.A.      8,300        10/08/21        USD       175.00        USD       1,451        (34,634

Delivery Hero AG

   Goldman Sachs International      7,000        10/13/21        EUR       132.03        EUR       773        (670

Samsung SDI Co. Ltd.

   JPMorgan Chase Bank N.A.      8,000        10/13/21        USD       834,080.00        USD       5,744,000        (149

TuSimple Holdings, Inc.

   Citibank N.A.      21,000        10/13/21        USD       35.25        USD       780        (78,191

Recruit Holdings Co. Ltd.

   UBS AG      40,100        10/14/21        JPY       6,639.38        JPY       273,963        (124,242

STMicroelectronics NV

   Goldman Sachs International      32,400        10/14/21        EUR       38.88        EUR       1,224        (19,110

Kakao Corp.

   Morgan Stanley & Co. International PLC      14,100        10/19/21        USD       151,994.56        USD       1,663,800        (207

Soitec SA

   UBS AG      4,200        10/19/21        EUR       206.82        EUR       789        (1,511

Yahoo Japan Corp.

   Goldman Sachs International      335,000        10/19/21        JPY       704.77        JPY       240,430        (99,415

ASML Holding NV

   Goldman Sachs International      12,700        10/26/21        EUR       744.07        EUR       8,203        (21,935

Soitec SA

   Morgan Stanley & Co. International PLC      3,900        10/27/21        EUR       211.12        EUR       733        (4,206

Delivery Hero AG

   UBS AG      22,600        10/29/21        EUR       135.34        EUR       2,496        (13,092

Renesas Electronics Corp.

   JPMorgan Chase Bank N.A.      245,600        10/29/21        JPY       1,424.80        JPY       342,858        (88,900

Soitec SA

   UBS AG      3,800        10/29/21        EUR       217.74        EUR       714        (2,472

Array Technologies, Inc.

   Barclays Bank PLC      62,400        11/01/21        USD       19.28        USD       1,156        (81,843

Avalara, Inc.

   Citibank N.A.      14,600        11/02/21        USD       179.05        USD       2,552        (106,805

GMO Payment Gateway Inc.

   JPMorgan Chase Bank N.A.      11,200        11/02/21        JPY       16,068.00        JPY       158,816        (3,897

Recruit Holdings Co. Ltd.

   JPMorgan Chase Bank N.A.      24,600        11/02/21        JPY       7,231.12        JPY       168,067        (22,178

STMicroelectronics NV

   Credit Suisse International      62,000        11/02/21        EUR       41.19        EUR       2,341        (32,197

C3.AI, Inc., Class A

   Morgan Stanley & Co. International PLC      45,600        11/03/21        USD       53.54        USD       2,113        (55,317

Shoals Technologies Group, Inc., Class A

   Citibank N.A.      19,700        11/03/21        USD       35.14        USD       549        (7,196

Snap, Inc., Class A

   Goldman Sachs International      2,300        11/03/21        USD       76.15        USD       170        (10,391

TuSimple Holdings, Inc.

   Citibank N.A.      21,000        11/03/21        USD       38.50        USD       780        (74,918

Shoals Technologies Group, Inc., Class A

   Bank of America N.A.      10,700        11/05/21        USD       32.36        USD       298        (9,393

Chegg, Inc.

   BNP Paribas SA      22,500        11/08/21        USD       84.31        USD       1,530        (8,620

Shoals Technologies Group, Inc., Class A

   Citibank N.A.      19,800        11/09/21        USD       36.47        USD       552        (7,841

Kakao Corp.

   Morgan Stanley & Co. International PLC      44,000        11/10/21        USD       125,931.97        USD       5,192,000        (136,052

Soitec SA

   UBS AG      3,550        11/10/21        EUR       191.77        EUR       667        (26,997
                     

 

 

 
                      $ (1,329,368
                     

 

 

 

 

 

CONSOLIDATED SCHEDULES OF INVESTMENTS

  7


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2021

  

BlackRock Science and Technology Trust (BST)

 

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); and

 

   

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.

Certain investments of the Trust were fair valued using net asset value (“NAV”) per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments 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

                 

Airlines

   $        $ 3,398,315        $        $ 3,398,315  

Automobiles

     29,460,669          10,980,421                   40,441,090  

Banks

                       36,387,653          36,387,653  

Capital Markets

     7,084,589                            7,084,589  

Diversified Consumer Services

     9,042,511                   3,828,996          12,871,507  

Diversified Financial Services

              10,649,020                   10,649,020  

Electrical Equipment

     13,974,321                            13,974,321  

Electronic Equipment, Instruments & Components

              14,767,026                   14,767,026  

Entertainment

     40,109,322                            40,109,322  

Hotels, Restaurants & Leisure

     6,249,023                            6,249,023  

Interactive Media & Services

     125,746,744          41,657,846                   167,404,590  

Internet & Direct Marketing Retail

     57,733,034          12,177,691          176,894          70,087,619  

IT Services

     252,020,646          25,675,559          16,961,887          294,658,092  

Machinery

              1,678,588                   1,678,588  

Professional Services

              12,756,959                   12,756,959  

Road & Rail

     15,451,525          3,343,905                   18,795,430  

Semiconductors & Semiconductor Equipment

     168,401,536          75,778,747                   244,180,283  

Software

     332,006,579          14,493,970          21,631,650          368,132,199  

Specialty Retail

              9,676,871                   9,676,871  

Technology Hardware, Storage & Peripherals

     63,780,700                            63,780,700  

Preferred Securities

                 

Preferred Stocks

              10,136,480          213,049,001          223,185,481  

Warrants

                       174,575          174,575  

Short-Term Securities

                 

Money Market Funds

     97,469,011                            97,469,011  

Unfunded SPAC PIPE Commitments(a)

                                 
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ 1,218,530,210        $     247,171,398        $     292,210,656          1,757,912,264  
  

 

 

      

 

 

      

 

 

      

 

 

 

Investments Valued at NAV(b)

                    8,462,440  
                 

 

 

 
                  $ 1,766,374,704  
                 

 

 

 

 

 

8  


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2021

  

BlackRock Science and Technology Trust (BST)

 

Fair Value Hierarchy as of Period End (continued)

      Level 1        Level 2        Level 3        Total  

Derivative Financial Instruments(c)

                 

Liabilities

                 

Equity Contracts

   $ (5,131,270      $ (1,774,242      $             —        $ (6,905,512
  

 

 

      

 

 

      

 

 

      

 

 

 

 

(a)   

Unfunded SPAC PIPE commitments are valued at the unrealized appreciation (depreciation) on the commitment.

(b)  

Certain investments of the Trust were fair valued using NAV per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

(c)  

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
    Unfunded
SPAC PIPE
commitments
     Warrants     Total  

Assets

          

Opening balance, as of December 31, 2020

  $ 37,043,595     $ 124,970,280     $             —      $ 189,763     $ 162,203,638  

Transfers into Level 3.

                              

Transfers out of Level 3

    (4,108,753     (3,910,998                  (8,019,751

Accrued discounts/premiums

                              

Net realized gain (loss)

          4,698,017                    4,698,017  

Net change in unrealized appreciation (depreciation)(a)

    27,341,088       39,789,398              (15,188     67,115,298  

Purchases

    20,125,378       77,973,404                    98,098,782  

Sales

    (1,414,228     (30,471,100                  (31,885,328
 

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Closing balance, as of September 30, 2021.

  $ 78,987,080     $ 213,049,001     $      $ 174,575     $ 292,210,656  
 

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2021(a)

  $ 27,423,047     $ 57,500,636     $      $ (15,188   $ 84,908,495  
 

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

 

(a)

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2021 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 financial instruments as of period end.

 

     Value      Valuation
Approach
    

Unobservable

Inputs

     Range of
Unobservable
Inputs
Utilized (a)
     Weighted
Average of
Unobservable
Inputs Based
on Fair Value
 

Assets

             

Common Stocks(b)(c)

  $ 78,987,080        Market        Revenue Multiple        7.50x - 34.85x        23.15x  
          Volatility        32% -32%        32%  
          Time to Exit        0.5-0.5        0.5  
          Recent Transactions      $ 14.34$3,840.52      $ 792.67  

Preferred Stocks(d)(e)

    213,049,001        Income        Discount Rate        14% - 40%        32%  
          Exit Multiple        9.50x         
       Market        Revenue Multiple        4.25x - 40.00x        20.57x  
          Volatility        50% - 50%        50%  
          Time to Exit        4.0 - 4.0        4.0  
          Recent Transactions        0.55 - $3840.52        589.71  

Warrants(f)

    174,575        Market        Recent Multiple        12.00x         
          Volatility        32%         

 

 

CONSOLIDATED SCHEDULES OF INVESTMENTS

  9


Consolidated Schedule of Investments  (unaudited) (continued)

September 30, 2021

  

BlackRock Science and Technology Trust (BST)

 

                   Value      Valuation
Approach
     Unobservable
Inputs
     Range of
Unobservable
Inputs
Utilized (a)
     Weighted
Average of
Unobservable
Inputs Based
on Fair Value
 
          Time to Exit        0.5         
 

 

 

             
  $ 292,210,656              
 

 

 

             

 

(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, 2021, the valuation technique for investments classified as Common Stocks amounting to $5,931,752 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.

(c)

For the period end September 30, 2021, the valuation technique for investments classified as Common Stocks amounting to $6,506,587 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.

(d)

For the period end September 30, 2021, the valuation technique for investments classified as Preferred Stocks amounting to $29,056,780 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.

(e)

For the period end September 30, 2021, the valuation technique for investments classified as Preferred Stocks amounting to $24,804,341 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.

(f)

For the period end September 30, 2021, the valuation technique for investments classified as Warrants amounting to $174,575 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

JPY

 

Japanese Yen

USD

 

United States Dollar

Portfolio Abbreviation

 

ADR

 

American Depositary Receipt

PIPE

 

Private Investment in Public Equity

SPAC

 

Special Purpose Acquisition Company

 

 

10