BlackRock Event Driven Equity Fund
Data updated: 2026-09-24
C000051319 — BlackRock Event Driven Equity Fund. Merger Arb / Event-Driven · $4.78B AUM · 1.51% expense ratio. Holdings, fees, performance and SEC filings.
C000051319 Fund Overview
BlackRock Event Driven Equity Fund is a US mutual fund managed by BlackRock Large Cap Series Funds, Inc., categorised as Merger Arb / Event-Driven. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: BlackRock Large Cap Series Funds, Inc.
- Category: Merger Arb / Event-Driven
- Assets under management: $4.78B
- 1-year return: 5.6%
- SEC CIK: 0001097077
- SEC series ID: S000018499
- Share class ID: C000051319
C000051319 Investment Objective and Strategy
BlackRock Event Driven Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock Large Cap Series Funds, Inc..
Investment objective
The investment objective of BlackRock Event Driven Equity Fund (the “Fund”) is to seek long-term capital growth.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and related derivative instruments with similar economic characteristics. The Fund seeks to achieve its investment objective by employing an event driven strategy, primarily investing in companies that have announced a material change or in companies that BlackRock expects to undergo a material change. A material change that could impact the price of securities for purposes of the Funds investment strategies is referred to herein as a catalyst. The Fund focuses on identifying investments that have a sufficiently defined catalyst. These catalysts span a broad spectrum and include, for example, announced mergers and acquisitions, spinoffs and split-offs, financial or strategic restructurings, management changes, synergistic acquisitions, as well as other transformative events.
The intended goal of the Fund is to profit when the price of a security changes to reflect more accurately the likelihood and potential impact of the occurrence, or non-occurrence, of the extraordinary event. This can be done by taking a long position in a security or other financial instrument that is believed to be underpriced or a short position in a security or other financial instrument that is believed to be overpriced. The Fund expects to maintain long and short positions primarily through the use of swap agreements and other derivative instruments, although the Fund may also take long and short positions directly. At times, the Fund may have significant short positions in equity securities and equity-related instruments. The Fund normally invests in both U.S. and non-U.S. securities.
Non-U.S. securities may be denominated in either U.S. dollars or foreign currencies. The Fund may invest in securities of issuers of any market capitalization. The Funds investment in equity securities may include common stock, preferred stock, securities convertible into common stock, non-convertible preferred stock and depositary receipts. The Fund may gain exposure to equity securities through derivatives. The Fund may invest up to 20% of its net assets (plus any borrowings for investment purposes) in fixed-income securities and related derivative instruments with similar economic characteristics. The Funds investment in fixed-income securities may include fixed and floating rate corporate bonds and municipal securities. The Fund may invest in debt securities of any credit quality, as determined by Fund management, which may include high yield securities (commonly called junk bonds).
The Fund may invest in derivatives, including but not limited to, total return and credit default swaps, contracts for difference, futures, options, indexed and inverse securities and foreign exchange transactions, for hedging purposes, as well as to enhance the return on its portfolio investments. There is no limit to the Funds ability to invest in derivatives, except as may be limited by requirements of the Investment Company Act of 1940, as amended (the Investment Company Act), and at times the Fund may utilize derivatives to a significant extent. When consistent with the Funds investment objective, the Funds investments may include short-term investments such as cash and cash equivalents, U.S. Government and agency securities, money market funds (including funds that may be affiliated with or sponsored or managed by BlackRock), commercial paper, certificates of deposit and other bank deposits and bankers acceptances.
The Fund may invest in securities of companies without an identified catalyst to hedge unwanted exposures to an industry or the market as a whole. The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
C000051319 Holdings
Top 10 holdings of BlackRock Event Driven Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Blackrock Liquidity Funds | 42.90% |
| Chart Industries, Inc. | 5.89% |
| Electronic Arts, Inc. | 4.70% |
| Warner Bros. Discovery, Inc. | 2.43% |
| Clearwater Analytics Holdings, Inc. | 1.50% |
| Humana, Inc. | 1.45% |
| Cigna Group (the) | 1.42% |
| Silicon Laboratories, Inc. | 1.27% |
| Janus Henderson Group PLC | 1.18% |
| Crh PLC | 1.15% |
C000051319 Portfolio Allocation
Asset-class allocation of BlackRock Event Driven Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 45.0% |
| Cash & Equivalents | 43.3% |
| Fixed Income | 7.3% |
| Loans | 4.9% |
C000051319 Performance
Total returns for C000051319 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.7% |
| 1 year | 5.6% |
| 3 years (annualised) | 6.2% |
| 5 years (annualised) | 3.0% |
C000051319 Risk Information
Risk metrics for C000051319, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.3%
C000051319 Costs and Fees
C000051319 costs about $151 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.51%
- Gross expense ratio: 1.57%
- Portfolio turnover: 145%
- Brokerage commissions: 4.62 bps of average net assets (SEC N-CEN)
C000051319 Cashflows
Over the 12 months to 2026-05, BlackRock Event Driven Equity Fund had net inflows of $140.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$37.91M |
| 2026-04 | −$69.58M |
| 2026-03 | −$66.16M |
| 2026-02 | $132.36M |
| 2026-01 | $24.08M |
| 2025-12 | $23.18M |
C000051319 Debt Constituents
Largest debt holdings of BlackRock Event Driven Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Dish Network Corp. | 0.55% |
| Cloud Software Group Holdings, Inc. | 0.43% |
| Sotheby's | 0.34% |
| Tenet Healthcare Corp. | 0.28% |
| Brookdale Senior Living, Inc. | 0.28% |
| Onto Innovation, Inc. | 0.27% |
| Coreweave, Inc. | 0.27% |
| Nebius Group NV | 0.26% |
| Allied Universal Holdco Llc/allied Universal Finance Corp/atlas Luxco 4 Sarl | 0.25% |
| Latam Airlines Group SA | 0.24% |
C000051319 Prospectus and SEC Filings
Official BlackRock Event Driven Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-24
- Prospectus (485BPOS) — filed 2025-09-25
- Prospectus (485BPOS) — filed 2024-09-26
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-26
- Annual census (N-CEN) — filed 2026-08-13
- Annual census (N-CEN) — filed 2025-08-11
Related Funds
Other Merger Arb / Event-Driven 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.