BlackRock Capital Appreciation Portfolio
Data updated: 2026-08-27
C000017861 — BlackRock Capital Appreciation Portfolio. United States Large Cap Blend / Core Equity · $1.96B AUM. Holdings, fees, performance and SEC filings.
C000017861 Fund Overview
BlackRock Capital Appreciation Portfolio is a US mutual fund managed by Brighthouse Funds Trust II, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Brighthouse Funds Trust II
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $1.96B
- 1-year return: 19.0%
- SEC CIK: 0000710826
- SEC series ID: S000006533
- Share class ID: C000017861
C000017861 Investment Objective and Strategy
BlackRock Capital Appreciation Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brighthouse Funds Trust II.
Investment objective
Long-term growth of capital.
Principal investment strategy
BlackRock Advisors, LLC (BlackRock or Subadviser), subadviser to the Portfolio, under normal market conditions, invests at least 80% of the Portfolios net assets in a portfolio of large capitalization equity securities. BlackRock considers large capitalization equity securities to be those issued by companies with market capitalizations, at the time of purchase by the Portfolio, of at least $1 billion. The Portfolio will, under normal circumstances, invest primarily in equity securities issued by companies with market capitalizations, at the time of purchase by the Portfolio, of at least $2 billion. The Portfolio may invest in foreign securities and convertible securities. Stock Selection BlackRock seeks to identify long-term, structural investment themes that are reshaping the global economy.
Within these themes, BlackRock looks to invest in fundamentally sound companies that have above-average return potential based on factors such as revenue and earnings growth, estimate revisions, profitability, and relative value. BlackRock emphasizes large companies that exhibit above-average growth and accelerating earnings. The factors and their relative importance may change as market conditions evolve. BlackRocks disciplined investment process emphasizes bottom-up stock selection as the primary driver of returns, while incorporating quantitative tools to enhance decision-making. The portfolio construction process involves the use of a quantitative, optimization-assisted process that considers the risk and factor profile of individual securities. This helps to express the highest conviction stock-specific views while mitigating style and macro exposure.
While BlackRock generally expects to invest across a broad range of industries, it may favor companies in those industries that appear to offer higher potential for long-term growth. BlackRock may sell a stock when, in their opinion, the stock reaches its price target, there is a deterioration in the companys future growth prospects, an inability to sustain earnings momentum, less attractive valuation, a significant price change or more compelling investment opportunities elsewhere. The Portfolio intends to invest its assets in approximately 30-60 U.S.-traded companies, although the number of holdings may vary. The Portfolio typically will be fully invested. A significant portion of the Portfolios assets is expected to be invested in stocks of companies listed in the Russell 1000 Growth Index.
The Portfolio seeks to outperform the Russell 1000 Growth Index over a market cycle. The Russell 1000 Growth Index tracks growth companies included in the Russell 1000 Index, which is composed of the 1,000 largest U.S. companies based on total market capitalization. As of December 31, 2025, the Russell 1000 Growth Index included companies with market capitalizations of $144.9 million and above.
C000017861 Holdings
Top 10 holdings of BlackRock Capital Appreciation Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 13.10% |
| Amazon.com Inc | 7.18% |
| Apple Inc | 5.41% |
| Alphabet Inc | 4.92% |
| Microsoft Corp | 4.85% |
| Broadcom Inc | 4.64% |
| Meta Platforms Inc | 3.50% |
| Palo Alto Networks Inc | 3.29% |
| Caterpillar Inc | 3.19% |
| Eli Lilly & Co | 3.14% |
C000017861 Portfolio Allocation
Asset-class allocation of BlackRock Capital Appreciation Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.7% |
| Cash & Equivalents | 2.0% |
C000017861 Performance
Total returns for C000017861 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 12.5% |
| 1 year | 19.0% |
| 3 years (annualised) | 23.4% |
| 5 years (annualised) | 10.9% |
C000017861 Risk Information
Risk metrics for C000017861, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.0%
C000017861 Costs and Fees
C000017861 costs about $56 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.56%
- Gross expense ratio: 0.72%
- Portfolio turnover: 66%
- Brokerage commissions: 2.01 bps of average net assets (SEC N-CEN)
C000017861 Cashflows
Over the 12 months to 2026-06, BlackRock Capital Appreciation Portfolio had net inflows of $164.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $348.13M |
| 2026-05 | −$30.27M |
| 2026-04 | $18.08M |
| 2026-03 | −$7.49M |
| 2026-02 | −$6.72M |
| 2026-01 | −$10.22M |
C000017861 Debt Constituents
No individual debt constituents are reported in BlackRock Capital Appreciation Portfolio's latest SEC N-PORT filing.
C000017861 Prospectus and SEC Filings
Official BlackRock Capital Appreciation Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-24
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-11
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.