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Form NPORT-P BLACKROCK LARGE CAP FOCU For: Mar 31

May 26, 2022 1:31 PM EDT

  
    NPORT-P
    false
    
      
      
        
          0000216557
          XXXXXXXX
        
      
      
      
      
        S000002321
        C000152172
        C000006077
        C000006074
        C000006076
        C000007847
      
      
    
  
  
    
      BlackRock Large Cap Focus Value Fund, Inc.
      811-02739
      0000216557
      549300LIMUXBJGVLQ626
      100 Bellevue Parkway
      Wilmington
      
      19809
      800-441-7762
      BlackRock Large Cap Focus Value Fund, Inc.
      S000002321
      549300LIMUXBJGVLQ626
      2022-06-30
      2022-03-31
      N
    
    
      2168330201.58
      63587917.79
      2104742283.79
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      
        
        
        
        
      
      N
      
        
          
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        AMERICAN INTERNATIONAL GROUP INC
        ODVCVCQG2BP6VHV36M30
        AMERICAN INTERNATIONAL GROUP
        026874784
        
          
          
        
        974276.00000000
        NS
        USD
        61155304.52000000
        2.905595853278
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CONOCOPHILLIPS
        WPTL2Z3FIYTHSP5V2253
        CONOCOPHILLIPS
        20825C104
        
          
          
        
        432107.00000000
        NS
        USD
        43210700.00000000
        2.053016197412
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Humana Inc
        529900YLDW34GJAO4J06
        Humana Inc
        444859102
        
          
          
        
        66840.00000000
        NS
        USD
        29086762.80000000
        1.381963151689
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First Citizens BancShares Inc/
        549300N3Z00ZHE2XC526
        First Citizens BancShares Inc/NC
        31946M103
        
          
          
        
        71307.00000000
        NS
        USD
        47461939.20000000
        2.255000033283
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Capital One Financial Corp
        ZUE8T73ROZOF6FLBAR73
        Capital One Financial Corp
        14040H105
        
          
          
        
        276928.00000000
        NS
        USD
        36357877.12000000
        1.727426554786
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BAE Systems PLC
        8SVCSVKSGDWMW2QHOH83
        BAE Systems PLC
        05523R107
        
          
          
        
        1150341.00000000
        NS
        USD
        43333345.47000000
        2.058843298951
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Sealed Air Corp
        Q0M0CZB4YN6JZ65WXI09
        Sealed Air Corp
        81211K100
        
          
          
        
        655625.00000000
        NS
        USD
        43900650.00000000
        2.085796932864
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fiserv Inc
        GI7UBEJLXYLGR2C7GV83
        Fiserv Inc
        337738108
        
          
          
        
        528128.00000000
        NS
        USD
        53552179.20000000
        2.544358024848
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Steel Dynamics Inc
        549300HGGKEL4FYTTQ83
        Steel Dynamics Inc
        858119100
        
          
          
        
        363422.00000000
        NS
        USD
        30320297.46000000
        1.440570548399
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Rogers Communications Inc
        54930030NVF3Y2OL0A78
        Rogers Communications Inc
        775109200
        
          
          
          
        
        872954.00000000
        NS
        
        49410250.80000000
        2.347567736940
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Anthem Inc
        8MYN82XMYQH89CTMTH67
        Anthem Inc
        036752103
        
          
          
        
        127311.00000000
        NS
        USD
        62537709.42000000
        2.971276336378
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Discovery Inc
        5493006ZCRFWKF6B1K26
        Discovery Inc
        25470F104
        
          
          
        
        1010721.00000000
        NS
        USD
        25187167.32000000
        1.196686526135
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Howard Hughes Corp/The
        549300BVHY25JZC1KI49
        Howard Hughes Corp/The
        44267D107
        
          
          
        
        291024.00000000
        NS
        USD
        30152996.64000000
        1.432621792807
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Western Digital Corp
        549300QQXOOYEF89IC56
        Western Digital Corp
        958102105
        
          
          
        
        884720.00000000
        NS
        USD
        43926348.00000000
        2.087017889948
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CACI International Inc
        SYRPI2D1O9WRTS2WX210
        CACI International Inc
        127190304
        
          
          
        
        183218.00000000
        NS
        USD
        55196254.68000000
        2.622470936470
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        M&T Bank Corp
        549300WYXDDBYRASEG81
        M&T Bank Corp
        55261F104
        
          
          
        
        208870.00000000
        NS
        USD
        35403465.00000000
        1.682080759847
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Meta Platforms Inc
        BQ4BKCS1HXDV9HN80Z93
        Meta Platforms Inc
        30303M102
        
          
          
        
        109160.00000000
        NS
        USD
        24272817.60000000
        1.153244166135
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CDK Global Inc
        5493000L10CYRTHIJ385
        CDK Global Inc
        12508E101
        
          
          
        
        701748.00000000
        NS
        USD
        34161092.64000000
        1.623053468498
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cigna Corp
        549300VIWYMSIGT1U456
        Cigna Corp
        125523100
        
          
          
        
        227204.00000000
        NS
        USD
        54440350.44000000
        2.586556599317
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MONEY MARKET SERIES LLC
        N/A
        MONEY MARKET SERIES LLC
        000000000
        
          
        
        24591421.94400000
        NS
        USD
        24584044.52000000
        1.168031103348
        Long
        STIV
        RF
        US
        N
        
        N/A
        
          
          N
          N
        
      
      
        EQT Corp
        4NT01YGM4X7ZX86ISY52
        EQT Corp
        26884L109
        
          
          
        
        1596485.00000000
        NS
        USD
        54935048.85000000
        2.610060589036
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Biogen Inc
        W8J5WZB5IY3K0NDQT671
        Biogen Inc
        09062X103
        
          
          
        
        59370.00000000
        NS
        USD
        12503322.00000000
        0.594054773180
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Raytheon Technologies Corp
        I07WOS4YJ0N7YRFE7309
        Raytheon Technologies Corp
        75513E101
        
          
          
        
        127101.00000000
        NS
        USD
        12591896.07000000
        0.598263082705
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Komatsu Ltd
        5493004LQ0B4T7QPQV17
        Komatsu Ltd
        000000000
        
          
          
          
        
        1867700.00000000
        NS
        
        44872453.15000000
        2.131969006162
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Bayer AG
        549300J4U55H3WP1XT59
        Bayer AG
        000000000
        
          
          
          
        
        684100.00000000
        NS
        
        46791821.35000000
        2.223161558085
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        BlackRock Liquidity Funds T-Fund
        5493002L9DNZ83RX7V61
        BlackRock Liquidity Funds T-Fund
        09248U718
        
          
          
        
        17057903.06000000
        NS
        USD
        17057903.06000000
        0.810450913224
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CISCO SYSTEMS INC
        549300LKFJ962MZ46593
        CISCO SYSTEMS INC
        17275R102
        
          
          
        
        995886.00000000
        NS
        USD
        55530603.36000000
        2.638356429082
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Panasonic Holdings Corp
        254900GE1G59KGWPHX32
        Panasonic Holdings Corp
        000000000
        
          
          
          
        
        3739500.00000000
        NS
        
        36318321.40000000
        1.725547193103
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        British American Tobacco PLC
        213800FKA5MF17RJKT63
        British American Tobacco PLC
        110448107
        
          
          
        
        810547.00000000
        NS
        USD
        34172661.52000000
        1.623603126291
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Airbus SE
        MINO79WLOO247M1IL051
        Airbus SE
        000000000
        
          
          
          
        
        207355.00000000
        NS
        
        25021215.43000000
        1.188801860574
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        CITIGROUP INC
        6SHGI4ZSSLCXXQSBB395
        CITIGROUP INC
        172967424
        
          
          
        
        1133903.00000000
        NS
        USD
        60550420.20000000
        2.876856737584
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        General Motors Co
        54930070NSV60J38I987
        General Motors Co
        37045V100
        
          
          
        
        1458520.00000000
        NS
        USD
        63795664.80000000
        3.031044004357
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Verizon Communications Inc
        2S72QS2UO2OESLG6Y829
        Verizon Communications Inc
        92343V104
        
          
          
        
        666700.00000000
        NS
        USD
        33961698.00000000
        1.613579879188
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Laboratory Corp of America Hol
        OZ7UA8IXAIFILY2VZH07
        Laboratory Corp of America Holdings
        50540R409
        
          
          
        
        181785.00000000
        NS
        USD
        47929433.10000000
        2.277211488985
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fidelity National Financial In
        549300CAZYIH39SYQ287
        Fidelity National Financial Inc
        31620R303
        
          
          
        
        944520.00000000
        NS
        USD
        46130356.80000000
        2.191734216358
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DENTSPLY SIRONA Inc
        9NHEHR1SOZCYXDO8HO28
        DENTSPLY SIRONA Inc
        24906P109
        
          
          
        
        838021.00000000
        NS
        USD
        41247393.62000000
        1.959736065440
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ross Stores Inc
        549300ENZFLPGRDFZQ60
        Ross Stores Inc
        778296103
        
          
          
        
        453460.00000000
        NS
        USD
        41019991.60000000
        1.948931796349
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sempra Energy
        PBBKGKLRK5S5C0Y4T545
        Sempra Energy
        816851109
        
          
          
        
        246460.00000000
        NS
        USD
        41434855.20000000
        1.968642694125
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Apollo Global Management Inc
        N/A
        Apollo Global Management Inc
        03769M106
        
          
          
        
        714088.00000000
        NS
        USD
        44266315.12000000
        2.103170324505
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sanofi
        549300E9PC51EN656011
        Sanofi
        80105N105
        
          
          
        
        1149781.00000000
        NS
        USD
        59029756.54000000
        2.804607338134
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        WELLS FARGO & CO
        PBLD0EJDB5FWOLXP3B76
        WELLS FARGO & CO
        949746101
        
          
          
        
        1680100.00000000
        NS
        USD
        81417646.00000000
        3.868295260044
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hess Corp
        UASVRYNXNK17ULIGK870
        Hess Corp
        42809H107
        
          
          
        
        256130.00000000
        NS
        USD
        27416155.20000000
        1.302589652479
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Reckitt Benckiser Group PLC
        5493003JFSMOJG48V108
        Reckitt Benckiser Group PLC
        000000000
        
          
          
          
        
        287252.00000000
        NS
        
        21913294.86000000
        1.041139099488
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        BP PLC
        213800LH1BZH3DI6G760
        BP PLC
        055622104
        
          
          
        
        1346058.00000000
        NS
        USD
        39574105.20000000
        1.880235195766
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Dollar Tree Inc
        549300PMSTQITB1WHR43
        Dollar Tree Inc
        256746108
        
          
          
        
        321427.00000000
        NS
        USD
        51476534.05000000
        2.445740480744
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Zimmer Biomet Holdings Inc
        2P2YLDVPES3BXQ1FRB91
        Zimmer Biomet Holdings Inc
        98956P102
        
          
          
        
        379166.00000000
        NS
        USD
        48495331.40000000
        2.304098310443
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        COMCAST CORP
        51M0QTTNCGUN7KFCFZ59
        COMCAST CORP-CLASS A
        20030N101
        
          
          
        
        686460.00000000
        NS
        USD
        32140057.20000000
        1.527030527563
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SS&C Technologies Holdings Inc
        529900POY8H7NPPNKK71
        SS&C Technologies Holdings Inc
        78467J100
        
          
          
        
        460641.00000000
        NS
        USD
        34557287.82000000
        1.641877396874
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Unilever PLC
        549300MKFYEKVRWML317
        Unilever PLC
        904767704
        
          
          
        
        848827.00000000
        NS
        USD
        38681046.39000000
        1.837804404268
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Ralph Lauren Corp
        HO1QNWM0IXBZ0QSMMO20
        Ralph Lauren Corp
        751212101
        
          
          
        
        431969.00000000
        NS
        USD
        49002563.36000000
        2.328197791121
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FleetCor Technologies Inc
        549300DG6RR0NQSFLN74
        FleetCor Technologies Inc
        339041105
        
          
          
        
        218743.00000000
        NS
        USD
        54480131.58000000
        2.588446671100
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
      
      
    
    
      2022-05-25
      BlackRock Large Cap Focus Value Fund, Inc.
      Ann Frechette
      Ann Frechette
      Assistant Treasurer
    
  
  XXXX



Schedule of Investments (unaudited)
March 31, 2022
BlackRock Large Cap Focus Value Fund, Inc.
(Percentages shown are based on Net Assets)
Security   Shares Value
Common Stocks
Aerospace & Defense — 4.4%
Airbus SE(a)

     414,710 $     50,042,431
BAE Systems PLC, ADR

   1,150,341     43,333,345
      93,375,776
Automobiles — 3.0%
General Motors Co.(a)

   1,458,520     63,795,665
Banks — 10.7%
Citigroup, Inc.

   1,133,903      60,550,420
First Citizens BancShares, Inc., Class A

      71,307      47,461,939
M&T Bank Corp.

     208,870      35,403,465
Wells Fargo & Co.

   1,680,100     81,417,646
      224,833,470
Biotechnology — 0.6%
Biogen, Inc.(a)

      59,370     12,503,322
Communications Equipment — 2.6%
Cisco Systems, Inc.

     995,886     55,530,603
Consumer Finance — 1.7%
Capital One Financial Corp.

     276,928     36,357,877
Containers & Packaging — 2.1%
Sealed Air Corp.

     655,625     43,900,650
Diversified Financial Services — 2.1%
Apollo Global Management, Inc.

     714,088     44,266,315
Diversified Telecommunication Services — 1.6%
Verizon Communications, Inc.

  666,700  33,961,698
Health Care Equipment & Supplies — 4.3%
DENTSPLY SIRONA, Inc.

  838,021   41,247,394
Zimmer Biomet Holdings, Inc.

  379,166  48,495,331
      89,742,725
Health Care Providers & Services — 9.2%
Anthem, Inc.

  127,311   62,537,709
Cigna Corp.

  227,204   54,440,351
Humana, Inc.

  66,840   29,086,763
Laboratory Corp. of America Holdings(a)

  181,785  47,929,433
      193,994,256
Household Durables — 1.7%
Panasonic Corp.

  3,739,500  36,318,321
Household Products — 1.1%
Reckitt Benckiser Group PLC

  287,252  21,913,295
Insurance — 5.1%
American International Group, Inc.

  974,276   61,155,304
Fidelity National Financial, Inc.

  944,520  46,130,357
      107,285,661
Interactive Media & Services — 1.2%
Meta Platforms, Inc., Class A(a)

  109,160  24,272,818
IT Services — 5.1%
Fiserv, Inc.(a)(b)

  528,128   53,552,179
FleetCor Technologies, Inc.(a)

  218,743  54,480,132
      108,032,311
Machinery — 2.1%
Komatsu Ltd.

  1,867,700  44,872,453
Media — 2.7%
Comcast Corp., Class A

  686,460   32,140,057
Discovery, Inc., Class A(a)(b)

  1,010,721  25,187,168
      57,327,225
Security   Shares Value
Metals & Mining — 1.5%
Steel Dynamics, Inc.

     363,422 $     30,320,297
Multiline Retail — 2.5%
Dollar Tree, Inc.(a)

     321,427     51,476,534
Multi-Utilities — 2.0%
Sempra Energy

     246,460     41,434,855
Oil, Gas & Consumable Fuels — 7.9%
BP PLC, ADR

   1,346,058      39,574,105
ConocoPhillips

     432,107      43,210,700
EQT Corp.

   1,596,485      54,935,049
Hess Corp.

     256,130     27,416,155
      165,136,009
Personal Products — 1.8%
Unilever PLC, ADR

     848,827     38,681,046
Pharmaceuticals — 5.0%
Bayer AG, Registered Shares

     684,100      46,791,821
Sanofi, ADR

   1,149,781     59,029,757
      105,821,578
Professional Services — 2.6%
CACI International, Inc., Class A(a)(b)

     183,218     55,196,255
Real Estate Management & Development — 1.4%
Howard Hughes Corp.(a)(b)

     291,024     30,152,997
Software — 3.3%
CDK Global, Inc.

     701,748      34,161,093
SS&C Technologies Holdings, Inc.

  460,641  34,557,288
      68,718,381
Specialty Retail — 2.0%
Ross Stores, Inc.

  453,460  41,019,992
Technology Hardware, Storage & Peripherals — 2.1%
Western Digital Corp.(a)

  884,720  43,926,348
Textiles, Apparel & Luxury Goods — 2.3%
Ralph Lauren Corp.

  431,969  49,002,563
Tobacco — 1.6%
British American Tobacco PLC, ADR

  810,547  34,172,662
Wireless Telecommunication Services — 2.4%
Rogers Communications, Inc., Class B

  872,954  49,410,251
Total Long-Term Investments — 99.7%

(Cost: $1,783,786,575)

2,096,754,209
 
1

Schedule of Investments (unaudited)  (continued)
March 31, 2022
BlackRock Large Cap Focus Value Fund, Inc.
(Percentages shown are based on Net Assets)
Security   Shares Value
Short-Term Securities(c)(d)
Money Market Funds — 1.6%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.21%

   9,174,223 $      9,174,223
SL Liquidity Series, LLC, Money Market Series, 0.42%(e)

  24,157,322     24,150,075
Total Short-Term Securities — 1.6%

(Cost: $33,320,208)

33,324,298
Total Investments — 101.3%

(Cost: $1,817,106,783)

2,130,078,507
Liabilities in Excess of Other Assets — (1.3)%

(27,270,238)
Net Assets — 100.0%

$  2,102,808,269
(a) Non-income producing security.
(b) All or a portion of this security is on loan.
(c) Affiliate of the Fund.
(d) Annualized 7-day yield as of period end.
(e) All or a portion of this security was purchased with the cash collateral from loaned securities.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer Value at
06/30/21
Purchases
at Cost
Proceeds
from Sale
Net
Realized
Gain (Loss)
  Change in
Unrealized
Appreciation
(Depreciation)
  Value at
03/31/22
Shares
Held at
03/31/22
Income   Capital
Gain
Distributions
from Underlying
Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class

$  19,464,740 $  — $  (10,290,517)(a) $  —   $  —   $  9,174,223 9,174,223 $  1,015   $  —
SL Liquidity Series, LLC, Money Market Series

 —  24,160,430(a)  —  (14,445)    4,090    24,150,075 24,157,322  52,626(b)    —
        $  (14,445)   $  4,090   $  33,324,298   $  53,641   $  —
(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 Fund compliance purposes, the Fund’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.
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 Fund 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).
2

Schedule of Investments (unaudited)  (continued)
March 31, 2022
BlackRock Large Cap Focus Value Fund, Inc.
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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
Certain investments of the Fund 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 Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
  Level 1   Level 2   Level 3   Total
Assets              
Investments              
Long-Term Investments              
Common Stocks              
Aerospace & Defense

$  43,333,345   $  50,042,431   $  —   $  93,375,776
Automobiles

 63,795,665    —    —     63,795,665
Banks

 224,833,470    —    —     224,833,470
Biotechnology

 12,503,322    —    —     12,503,322
Communications Equipment

 55,530,603    —    —     55,530,603
Consumer Finance

 36,357,877    —    —     36,357,877
Containers & Packaging

 43,900,650    —    —     43,900,650
Diversified Financial Services

 44,266,315    —    —     44,266,315
Diversified Telecommunication Services

 33,961,698    —    —     33,961,698
Health Care Equipment & Supplies

 89,742,725    —    —     89,742,725
Health Care Providers & Services

 193,994,256    —    —     193,994,256
Household Durables

 —    36,318,321    —     36,318,321
Household Products

 —    21,913,295    —     21,913,295
Insurance

 107,285,661    —    —     107,285,661
Interactive Media & Services

 24,272,818    —    —     24,272,818
IT Services

 108,032,311    —    —     108,032,311
Machinery

 —    44,872,453    —     44,872,453
Media

 57,327,225    —    —     57,327,225
Metals & Mining

 30,320,297    —    —     30,320,297
Multiline Retail

 51,476,534    —    —     51,476,534
Multi-Utilities

 41,434,855    —    —     41,434,855
Oil, Gas & Consumable Fuels

 165,136,009    —    —     165,136,009
Personal Products

 38,681,046    —    —     38,681,046
Pharmaceuticals

 59,029,757    46,791,821    —     105,821,578
Professional Services

 55,196,255    —    —     55,196,255
Real Estate Management & Development

 30,152,997    —    —     30,152,997
Software

 68,718,381    —    —     68,718,381
Specialty Retail

 41,019,992    —    —     41,019,992
Technology Hardware, Storage & Peripherals

 43,926,348    —    —     43,926,348
Textiles, Apparel & Luxury Goods

 49,002,563    —    —     49,002,563
Tobacco

 34,172,662    —    —     34,172,662
Wireless Telecommunication Services

 49,410,251    —    —     49,410,251
Short-Term Securities              
Money Market Funds

 9,174,223    —    —    9,174,223
  $  1,905,990,111   $  199,938,321   $  —   2,105,928,432
Investments valued at NAV(a)

            24,150,075
              $  2,130,078,507
(a) Certain investments of the Fund were fair valued using NAV per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.
Portfolio Abbreviation 
ADR American Depositary Receipt
3


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