Schedule of Investments (Unaudited) Blackrock Health Sciences Trust II (BMEZ) (Percentages Shown Are Based on Net Assets) September 30, 2020
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Schedule of Investments (unaudited) BlackRock Health Sciences Trust II (BMEZ) (Percentages shown are based on Net Assets) September 30, 2020 Security Shares Value Security Shares Value Common Stocks Biotechnology (continued) Morphic Holding, Inc. (b) 100,431 $ 2,745,784 Biotechnology — 35.4% (b) (a)(b) Neurocrine Biosciences, Inc. 173,765 16,709,242 Acceleron Pharma, Inc. 314,516 $35,392,486 (b) (b)(c) Nkarta, Inc. 422,882 12,711,833 ADC Therapeutics SA 159,142 5,250,095 (b) (a)(b) ORIC Pharmaceuticals, Inc. 196,430 4,912,714 Agios Pharmaceuticals, Inc. 441,750 15,461,250 (b) (b)(d) Passage Bio, Inc. 190,016 2,491,110 Akeso, Inc. 1,660,000 6,043,315 (b) (b) Prothena Corp. PLC 363,100 3,627,369 Akouos, Inc. 426,721 9,759,109 (b) (b) PTC Therapeutics, Inc. 217,736 10,179,158 Alector, Inc. 408,845 4,307,182 (b) (a)(b) Rapt Therapeutics, Inc. 188,948 6,084,126 Alexion Pharmaceuticals, Inc. 168,926 19,330,202 (a)(b) (a)(b) Regeneron Pharmaceuticals, Inc. 68,020 38,076,236 Allakos, Inc. 212,829 17,334,922 (b) (a)(b) Relay Therapeutics, Inc. 61,429 2,616,261 Alnylam Pharmaceuticals, Inc. 277,448 40,396,429 (b) (b) Retrophin, Inc. 394,674 7,285,682 ALX Oncology Holdings, Inc. 286,427 10,809,755 (b) (a)(b) Revolution Medicines, Inc. 103,258 3,593,378 Amicus Therapeutics, Inc. 446,017 6,297,760 (b) (b) Sage Therapeutics, Inc. 157,700 9,638,624 Annexon, Inc. 183,965 5,561,262 (a)(b) (b) Sarepta Therapeutics, Inc. 72,754 10,216,844 Apellis Pharmaceuticals, Inc. 170,360 5,139,761 (b)(e) (b) Seattle Genetics, Inc. 499,885 97,822,496 Applied Molecular Transport, Inc. 165,609 5,269,678 (b) (b) Seres Therapeutics, Inc. 373,800 10,582,278 Arcutis Biotherapeutics, Inc. 155,075 4,543,698 (b) (a)(b) Stoke Therapeutics, Inc. 103,538 3,467,488 Arena Pharmaceuticals, Inc. 152,180 11,381,542 (b) (a)(b) Taysha Gene Therapies, Inc. 178,700 4,002,880 Argenx SE, ADR 121,001 31,765,183 (b) (b) TCR2 Therapeutics, Inc. 228,499 4,643,100 Arrowhead Pharmaceuticals, Inc. 85,746 3,692,223 (a)(b) (b) Twist Bioscience Corp. 242,154 18,396,439 Avidity Biosciences, Inc. 367,800 10,353,570 (a)(b) (b) United Therapeutics Corp. 59,550 6,014,550 Beam Therapeutics, Inc. 169,779 4,179,959 (a)(b) (b) Vertex Pharmaceuticals, Inc. 122,254 33,267,759 Biohaven Pharmaceutical Holding Co. Ltd. 158,500 10,304,085 (b) (b) Vir Biotechnology, Inc. 132,400 4,545,292 BioMarin Pharmaceutical, Inc. 201,275 15,313,002 (b) (b) Voyager Therapeutics, Inc. 262,830 2,804,396 Blueprint Medicines Corp. 75,909 7,036,764 (b) (b) Zai Lab Ltd., ADR 194,310 16,160,763 CareDx, Inc. 227,093 8,615,908 (b) (b) Zentalis Pharmaceuticals, Inc. 227,113 7,424,324 ChemoCentryx, Inc. 46,630 2,555,324 (b) Constellation Pharmaceuticals, Inc. (b) 66,300 1,343,238 Zymeworks, Inc. 252,147 11,745,007 Deciphera Pharmaceuticals, Inc. (b) 82,195 4,216,604 1,049,078,209 Dicerna Pharmaceuticals, Inc. (b) 402,384 7,238,888 Diversified Financial Services (b) — 1.0% Dyne Therapeutics, Inc. (b) 291,334 5,882,033 ARYA Sciences Acquisition Corp. II 204,554 2,250,094 Eidos Therapeutics, Inc. (b) 120,728 6,100,386 ARYA Sciences Acquisition Corp. III, Class A 324,000 3,473,280 Fate Therapeutics, Inc. (b) 112,925 4,513,612 BCTG Acquisition Corp. 167,744 1,818,345 FibroGen, Inc. (b) 160,848 6,614,070 Deerfield Healthcare Technology Acquisitions Forma Therapeutics Holdings, Inc. (b) 543,025 27,064,366 Corp. 319,040 3,391,395 Fusion Pharmaceuticals, Inc. (b) 436,446 5,246,081 FS Development Corp., Class A 285,217 3,194,430 Galapagos NV, ADR (a)(b) 25,042 3,553,710 Health Sciences Acquisitions Corp. 233,344 2,566,784 Genetron Holdings Ltd. (b) 970,000 11,581,800 Longview Acquisition Corp. 486,550 4,938,483 Genmab A/S (b) 218,365 79,245,862 Panacea Acquisition Corp. 206,640 2,479,680 Genmab A/S, ADR (a)(b) 690,930 25,294,947 Therapeutics Acquisition Corp., Class A 407,000 5,852,660 Global Blood Therapeutics, Inc. (b) 82,931 4,572,815 29,965,151 Grifols SA, Class A 704,064 20,245,444 Health Care Equipment & Supplies — 26.3% Gritstone Oncology, Inc. (b) 197,153 522,455 ABIOMED, Inc. (a)(b) 80,185 22,216,056 Halozyme Therapeutics, Inc. (b) 297,201 7,810,442 Alcon AG (b) 780,009 44,421,513 Humanigen, Inc. (b) 241,224 2,566,623 Baxter International, Inc 624,018 50,183,528 Immunomedics, Inc. (b) 533,084 45,328,133 Cardiovascular Systems, Inc. (b) 168,900 6,646,215 Immunovant, Inc. (b) 256,486 9,025,742 Coloplast A/S, Class B 20,658 3,274,065 Insmed, Inc. (b) 256,527 8,244,778 ConvaTec Group PLC (d) 4,668,285 10,754,324 Intellia Therapeutics, Inc. (b) 147,621 2,934,705 Demant A/S (b) 700,875 21,980,217 Iovance Biotherapeutics, Inc. (b) 429,994 14,155,402 DexCom, Inc. (a)(b) 40,467 16,681,711 Kadmon Holdings, Inc. (b) 1,454,723 5,702,514 Edwards Lifesciences Corp. (a)(b) 281,385 22,460,151 Karyopharm Therapeutics, Inc. (b) 406,215 5,930,739 Envista Holdings Corp. (b) 390,050 9,626,434 Keros Therapeutics, Inc. (b) 212,296 8,188,257 GN Store Nord A/S 631,506 47,575,588 Kodiak Sciences, Inc. (b) 180,183 10,668,635 Haemonetics Corp. (a)(b) 276,008 24,081,698 Krystal Biotech, Inc. (b) 163,538 7,040,311 Hill -Rom Holdings, Inc. (a) 146,385 12,224,611 Kymera Therapeutics, Inc. (b) 271,425 8,769,742 Insulet Corp. (a)(b) 142,744 33,771,803 MacroGenics, Inc. (b) 100,800 2,539,152 Intuitive Surgical, Inc. (a)(b) 74,498 52,859,311 Mersana Therapeutics, Inc. (b) 1,558,929 29,027,258 Kangji Medical Holdings Ltd., (Acquired Mirati Therapeutics, Inc. (a)(b) 54,382 9,030,131 06/22/2020, Cost: $9,047,060) (b)(f) 5,001,419 12,273,935 Molecular Templates, Inc. (b) 203,575 2,223,039 Masimo Corp. (a)(b) 237,283 56,013,025 Momenta Pharmaceuticals, Inc. (b) 167,620 8,796,698 Nevro Corp. (a)(b) 250,151 34,846,034 NuVasive, Inc. (b) 137,340 6,670,604 SCHEDULE OF I NVESTMENTS 1 Schedule of Investments (unaudited) (continued) BlackRock Health Sciences Trust II (BMEZ) (Percentages shown are based on Net Assets) September 30, 2020 Security Shares Value Security Shares Value Health Care Equipment & Supplies (continued) Pharmaceuticals (continued) Penumbra, Inc. (a)(b) 113,661 $ 22,093,425 Chugai Pharmaceutical Co. Ltd. 307,500 $ 13,799,202 ResMed, Inc. (a) 177,227 30,382,025 Eisai Co. Ltd. 133,400 12,183,729 Shenzhen Mindray Bio-Medical Electronics Co. Hansoh Pharmaceutical Group Ltd. (b)(d) 9,306,068 45,484,692 Ltd., Class A 419,520 21,574,822 Harmony Biosciences Holdings, Inc. (b) 96,975 3,287,452 Silk Road Medical, Inc. (b) 301,640 20,273,224 Horizon Therapeutics PLC (b) 167,800 13,034,704 Sonova Holding AG, Registered Shares (b) 65,278 16,542,431 Merck KGaA 200,999 29,304,115 STERIS PLC. 139,521 24,582,205 MyoKardia, Inc. (b) 37,465 5,107,603 Straumann Holding AG, Registered Shares 33,816 34,208,310 Nektar Therapeutics (a)(b) 354,718 5,884,772 Tandem Diabetes Care, Inc. (a)(b) 256,174 29,075,749 Ocumension Therapeutics, (Acquired Teleflex, Inc. (a) 144,275 49,114,096 07/06/2020, Cost: $1,489,361) (b)(d)(f) 779,500 2,282,001 Varian Medical Systems, Inc. (b)(e) 241,899 41,606,628 PMV Pharmaceuticals, Inc. (b) 484,687 17,206,388 Venus MedTech Hangzhou, Inc., Class H (b)(d) 181,000 1,931,894 Relmada Therapeutics, Inc. (b) 262,500 9,875,250 779,945,632 Royalty Pharma PLC, Class A 142,470 5,993,713 Health Care Providers & Services — 11.8% UCB SA 390,226 44,319,388 (b) Addus HomeCare Corp. (b) 45,200 4,271,852 WaVe Life Sciences Ltd. 269,300 2,286,357 Amedisys, Inc. (a)(b) 230,923 54,597,125 226,005,386 Amplifon SpA (b) 646,544 23,120,663 Centene Corp. (a)(b) 359,854 20,990,284 Total Common Stocks — 94.4% Chemed Corp. 24,300 11,672,505 (Cost: $2,106,134,937) 2,796,967,793 Encompass Health Corp. (a) 415,607 27,006,143 Par Humana, Inc. (a) 81,306 33,651,740 (000) Jinxin Fertility Group Ltd. (d) 19,509,100 24,755,615 LHC Group, Inc. (a)(b) 247,591 52,627,943 Corporate Bonds (b) Oak Street Health, Inc. 47,017 2,512,589 Biotechnology — 0.1% Oak Street Health Inc., (Acquired 03/04/2020, (f) Kronos Bio, Inc, (Acquired: 08/20/2020, Cost: Cost: $19,349,483) 1,840,247 94,928,118 $4,591,000), 0.00%, 02/14/22 (f)(g)(h) $ 4,591 4,591,000 350,134,577 Health Care Technology (b) — 2.3% Total Corporate Bonds — 0.1% American Well Corp., Class A (c) 668,554 19,815,941 (Cost: $4,591,000) 4,591,000 GoodRx Holdings, Inc., Class A 69,209 3,848,020 Shares Livongo Health, Inc.