BlackRock Event Driven Equity Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, BlackRock Event Driven Equity Fund held 289 positions with $4.78B in net assets. Its ten largest holdings made up 63.9% of the fund. Its share classes cost 1.29%–2.27% a year. Over the 12 months to May 2026, it returned 5.6%, with dividends reinvested. In 2026 Q2 it added 109 new positions and exited 74.
The investment objective of BlackRock Event Driven Equity Fund (the Fund) is to seek long-term capital growth.
The fund invests in equity securities of companies undergoing or expected to undergo material changes—such as mergers, acquisitions, spinoffs, restructurings, or management transitions—that the manager believes will drive price appreciation. The fund takes both long positions in underpriced securities and short positions in overpriced ones, using direct holdings and derivatives including swaps. It may allocate up to 20% to fixed-income securities and engages in active, frequent trading. Because returns depend on the manager's identification and timing of catalysts and their actual occurrence, performance will diverge from broad equity benchmarks.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TSTXXBLACKROCK LIQUIDITY FUNDS | 42.90% | $2.05B | — | — |
5.89% | $281.76M | 1.4M | $207.82 | |
4.70% | $224.80M | 1.1M | $201.72 | |
2.43% | $116.16M | 4.3M | $27.01 | |
CLEARWATER ANALYTICS HOLDINGS INC | 1.50% | $71.64M | 2.9M | $24.34 |
HUMHUMANA INC | 1.45% | $69.13M | 226.3K | $305.42 |
1.42% | $68.07M | 245.4K | $277.40 | |
1.27% | $60.94M | 280.1K | $217.60 | |
JANUS HENDERSON GROUP PLC | 1.18% | $56.60M | 1.1M | $51.71 |
CRH PLC | 1.15% | $54.78M | 503.5K | $108.79 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-29 — not a live quote, and not what the fund paid.
The 200 largest of 289 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 54.26% |
| Cash & short-term | 34.13% |
| Bonds | 13.77% |
| Loans | 4.00% |
| Derivatives | -0.24% |
Look-through blends 2 underlying funds; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q4, one or more quarters before the direct holdings (2026Q2).
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
By sector
- Cash
- 42.6%
- Industrials
- 11.8%
- Health Care
- 9.3%
- Other
- 8.9%
- 10 other sectors
- 27.5%
- Cash
- 42.6%
- Industrials
- 11.8%
- Health Care
- 9.3%
- Other
- 8.9%
- Communication Services
- 8.2%
- Information Technology
- 6.0%
- Materials
- 4.0%
- International
- 4.0%
- Real Estate
- 1.8%
- Consumer Discretionary
- 1.3%
- Consumer Staples
- 1.0%
- Financials
- 0.6%
- Energy
- 0.5%
- Utilities
- 0.2%
How it has done
C000051319 share class · total returns with dividends reinvested
Volatility over the last 12 months: 2.28%. Past returns are a record, not a forecast.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
BlackRock Event Driven Equity Fund is an actively managed U.S. equity fund. 30% of BlackRock Event Driven Equity Fund’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 81% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 1.29% – 2.27%
- Portfolio turnover
- 81.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
109 new· the largest 7
74 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-29
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 50.8% |
| Floating rate | 39.9% |
| Zero-coupon or unclassified | 9.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.7% |
| 1-3y | 19.8% |
| 3-5y | 40.8% |
| 5-10y | 38.7% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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