NPORT-EX 2 NPORT_LCXB_35012090_0924.htm EDGAR HTML
Schedule of Investments (unaudited)
September 30, 2024
BlackRock Enhanced Capital and Income Fund, Inc. (CII)
(Percentages shown are based on Net Assets)

 
Security
 
 
Shares
Value
Common Stocks
Aerospace & Defense — 1.2%
RTX Corp.
 
88,837
$ 10,763,491
Automobile Components — 1.1%
Aptiv PLC(a)
 
136,761
9,848,160
Banks — 2.1%
JPMorgan Chase & Co.(b)
 
90,184
19,016,198
Beverages — 1.0%
Diageo PLC, ADR
 
63,175
8,865,980
Broadline Retail — 6.0%
Amazon.com, Inc.(a)(b)
 
297,380
55,410,815
Capital Markets — 2.7%
Intercontinental Exchange, Inc.(b)
 
152,979
24,574,547
Chemicals — 3.8%
Air Products and Chemicals, Inc.
 
64,629
19,242,639
Corteva, Inc.(b)
 
271,241
15,946,258
 
 
35,188,897
Communications Equipment — 2.2%
Ciena Corp.(a)
 
334,527
20,603,518
Consumer Finance — 1.7%
Discover Financial Services
 
112,101
15,726,649
Consumer Staples Distribution & Retail — 1.4%
Dollar Tree, Inc.(a)
 
189,314
13,312,560
Electronic Equipment, Instruments & Components — 1.6%
Zebra Technologies Corp., Class A(a)
 
40,456
14,981,666
Entertainment — 2.8%
Electronic Arts, Inc.
 
113,675
16,305,542
TKO Group Holdings, Inc., Class A(a)
 
81,832
10,123,437
 
 
26,428,979
Financial Services — 2.8%
Berkshire Hathaway, Inc., Class B(a)(b)
 
57,117
26,288,670
Ground Transportation — 1.0%
Uber Technologies, Inc.(a)
 
126,890
9,537,052
Health Care Providers & Services — 7.3%
Cardinal Health, Inc.
 
173,186
19,140,517
Elevance Health, Inc.
 
24,548
12,764,960
Humana, Inc.
 
32,931
10,430,565
Tenet Healthcare Corp.(a)
 
90,414
15,026,807
UnitedHealth Group, Inc.
 
17,917
10,475,711
 
 
67,838,560
Household Durables — 2.4%
Sony Group Corp., ADR
 
229,458
22,158,759
Security
 
 
Shares
Value
Insurance — 2.5%
Fidelity National Financial, Inc., Class A
 
188,411
$ 11,692,787
Reinsurance Group of America, Inc.(b)
 
52,872
11,519,222
 
 
23,212,009
Interactive Media & Services — 9.0%
Alphabet, Inc., Class A
 
277,210
45,975,278
Meta Platforms, Inc., Class A(b)
 
65,029
37,225,201
 
 
83,200,479
IT Services — 1.7%
Cognizant Technology Solutions Corp., Class A
 
201,967
15,587,813
Life Sciences Tools & Services — 4.0%
Avantor, Inc.(a)
 
444,265
11,493,135
ICON PLC(a)
 
40,931
11,759,886
Thermo Fisher Scientific, Inc.
 
22,854
14,136,799
 
 
37,389,820
Machinery — 4.4%
Fortive Corp.
 
230,048
18,157,689
Otis Worldwide Corp.(b)
 
95,555
9,931,987
Westinghouse Air Brake Technologies Corp.
 
72,234
13,129,974
 
 
41,219,650
Media — 2.2%
Comcast Corp., Class A(b)
 
489,359
20,440,525
Oil, Gas & Consumable Fuels — 3.2%
BP PLC, ADR
 
306,478
9,620,344
ConocoPhillips(b)
 
93,414
9,834,626
Shell PLC
 
311,129
10,093,562
 
 
29,548,532
Pharmaceuticals — 4.2%
Novo Nordisk A/S, Class B, ADR(c)
 
157,170
18,714,232
Sanofi SA, ADR
 
354,533
20,431,737
 
 
39,145,969
Professional Services — 1.2%
Dun & Bradstreet Holdings, Inc.
 
978,696
11,264,791
Semiconductors & Semiconductor Equipment — 11.4%
Advanced Micro Devices, Inc.(a)(d)
 
123,439
20,253,871
Applied Materials, Inc.(b)
 
62,974
12,723,897
Marvell Technology, Inc.
 
302,569
21,821,276
Micron Technology, Inc.
 
115,365
11,964,504
NVIDIA Corp.
 
323,268
39,257,665
 
 
106,021,213
Software — 8.6%
Microsoft Corp.(b)(d)
 
184,809
79,523,313
Specialized REITs — 1.9%
Crown Castle, Inc.
 
150,397
17,841,596
Technology Hardware, Storage & Peripherals — 4.6%
Apple, Inc.(b)
 
184,934
43,089,622
Schedule of Investments
1
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Enhanced Capital and Income Fund, Inc. (CII)
(Percentages shown are based on Net Assets)
Security
 
 
Shares
Value
Textiles, Apparel & Luxury Goods — 1.1%
Skechers USA, Inc., Class A(a)
 
145,706
$   9,750,646
Total Long-Term Investments — 101.1%
(Cost: $549,541,043)
937,780,479
Short-Term Securities
Money Market Funds — 0.9%
BlackRock Cash Funds: Institutional, SL Agency Shares,
5.05%(e)(f)(g)
 
640,280
640,857
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
4.83%(e)(f)
 
7,859,700
7,859,700
Total Short-Term Securities — 0.9%
(Cost: $8,500,557)
8,500,557
Total Investments Before Options Written — 102.0%
(Cost: $558,041,600)
946,281,036
Options Written — (1.9)%
(Premiums Received: $(13,008,242))
(17,764,140
)
Total Investments, Net of Options Written — 100.1%
(Cost: $545,033,358)
928,516,896
Liabilities in Excess of Other Assets — (0.1)%
(954,509
)
Net Assets — 100.0%
$ 927,562,387
 
(a)
Non-income producing security.
(b)
All or a portion of the security has been pledged and/or segregated as collateral in
connection with outstanding exchange-traded options written.
(c)
All or a portion of this security is on loan.
(d)
All or a portion of the security has been pledged as collateral in connection with
outstanding OTC derivatives.
(e)
Affiliate of the Trust.
(f)
Annualized 7-day yield as of period end.
(g)
All or a portion of this security was purchased with the cash collateral from loaned
securities.
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Trust for compliance purposes. 
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
12/31/23
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
09/30/24
Shares
Held at
09/30/24
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional, SL Agency Shares
$ —
$ 639,911
(a)
$ —
$ 946
$ —
$ 640,857
640,280
$ 1,769
(b)
$ —
BlackRock Liquidity Funds, T-Fund, Institutional Shares
12,932,953
—
(5,073,253
)(a)
—
—
7,859,700
7,859,700
407,893
—
SL Liquidity Series, LLC, Money Market Series(c)
397,512
—
(397,857
)(a)
305
40
—
—
215
(b)
—
 
$ 1,251
$ 40
$ 8,500,557
$ 409,877
$ —
 
(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.
(c)
As of period end, the entity is no longer held.
Derivative Financial Instruments Outstanding as of Period End
Exchange-Traded Options Written 
Description
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call 
 
 
Amazon.com, Inc.
241
10/04/24
USD
185.00
USD
4,491
$ (76,517
)
Apple, Inc.
269
10/04/24
USD
235.00
USD
6,268
(38,198
)
Comcast Corp., Class A
703
10/04/24
USD
41.00
USD
2,936
(63,270
)
ConocoPhillips
115
10/04/24
USD
115.00
USD
1,211
(1,380
)
Discover Financial Services
203
10/04/24
USD
139.00
USD
2,848
(58,870
)
Intercontinental Exchange, Inc.
361
10/04/24
USD
154.25
USD
5,799
(232,061
)
JPMorgan Chase & Co.
141
10/04/24
USD
225.00
USD
2,973
(282
)
Marvell Technology, Inc.
53
10/04/24
USD
76.00
USD
382
(1,458
)
2
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Enhanced Capital and Income Fund, Inc. (CII)
 
Exchange-Traded Options Written (continued)
Description
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call (continued)
 
 
Meta Platforms, Inc., Class A
93
10/04/24
USD
530.00
USD
5,324
$ (400,830
)
Micron Technology, Inc.
14
10/04/24
USD
113.00
USD
145
(280
)
Novo Nordisk A/S, Class B, ADR
203
10/04/24
USD
139.00
USD
2,417
(8,526
)
Sony Group Corp., ADR
230
10/04/24
USD
96.00
USD
2,221
(33,925
)
Uber Technologies, Inc.
412
10/04/24
USD
75.00
USD
3,097
(53,148
)
UnitedHealth Group, Inc.
44
10/04/24
USD
590.00
USD
2,573
(16,830
)
Advanced Micro Devices, Inc.
75
10/11/24
USD
160.00
USD
1,231
(57,375
)
Alphabet, Inc., Class A
53
10/11/24
USD
165.00
USD
879
(18,815
)
Amazon.com, Inc.
385
10/11/24
USD
185.00
USD
7,174
(173,250
)
Berkshire Hathaway, Inc., Class B
209
10/11/24
USD
485.00
USD
9,619
(6,270
)
BP PLC, ADR
553
10/11/24
USD
35.00
USD
1,736
(7,189
)
Cardinal Health, Inc.
14
10/11/24
USD
113.00
USD
155
(1,540
)
Comcast Corp., Class A
682
10/11/24
USD
41.00
USD
2,849
(75,020
)
Discover Financial Services
307
10/11/24
USD
146.00
USD
4,307
(17,653
)
Marvell Technology, Inc.
110
10/11/24
USD
80.00
USD
793
(2,090
)
Meta Platforms, Inc., Class A
66
10/11/24
USD
525.00
USD
3,778
(325,380
)
Micron Technology, Inc.
120
10/11/24
USD
99.00
USD
1,245
(72,300
)
Microsoft Corp.
495
10/11/24
USD
420.00
USD
21,300
(673,200
)
Novo Nordisk A/S, Class B, ADR
304
10/11/24
USD
137.00
USD
3,620
(16,872
)
NVIDIA Corp.
113
10/11/24
USD
130.00
USD
1,372
(10,679
)
NVIDIA Corp.
70
10/11/24
USD
120.00
USD
850
(32,025
)
RTX Corp.
445
10/11/24
USD
123.00
USD
5,392
(40,940
)
Advanced Micro Devices, Inc.
65
10/18/24
USD
165.00
USD
1,067
(39,975
)
Air Products and Chemicals, Inc.
64
10/18/24
USD
290.00
USD
1,906
(64,000
)
Alphabet, Inc., Class A
229
10/18/24
USD
175.00
USD
3,798
(17,748
)
Amazon.com, Inc.
336
10/18/24
USD
185.00
USD
6,261
(181,440
)
Apple, Inc.
329
10/18/24
USD
235.00
USD
7,666
(118,440
)
Applied Materials, Inc.
72
10/18/24
USD
190.00
USD
1,455
(114,660
)
Aptiv PLC
443
10/18/24
USD
70.00
USD
3,190
(163,910
)
BP PLC, ADR
553
10/18/24
USD
34.00
USD
1,736
(4,701
)
Ciena Corp.
653
10/18/24
USD
60.00
USD
4,022
(174,677
)
Cognizant Technology Solutions Corp., Class A
207
10/18/24
USD
77.50
USD
1,598
(26,392
)
ConocoPhillips
115
10/18/24
USD
115.00
USD
1,211
(2,358
)
Corteva, Inc.
922
10/18/24
USD
52.49
USD
5,420
(660,240
)
Diageo PLC, ADR
130
10/18/24
USD
135.00
USD
1,824
(86,450
)
Elevance Health, Inc.
90
10/18/24
USD
550.00
USD
4,680
(29,700
)
Fortive Corp.
759
10/18/24
USD
75.00
USD
5,991
(322,575
)
Humana, Inc.
63
10/18/24
USD
380.00
USD
1,995
(7,718
)
ICON PLC
29
10/18/24
USD
330.00
USD
833
(3,480
)
Intercontinental Exchange, Inc.
359
10/18/24
USD
150.00
USD
5,767
(375,155
)
JPMorgan Chase & Co.
156
10/18/24
USD
225.00
USD
3,289
(9,750
)
Micron Technology, Inc.
120
10/18/24
USD
100.00
USD
1,245
(75,000
)
Microsoft Corp.
238
10/18/24
USD
425.00
USD
10,241
(267,750
)
Novo Nordisk A/S, Class B, ADR
304
10/18/24
USD
140.00
USD
3,620
(3,344
)
NVIDIA Corp.
117
10/18/24
USD
140.00
USD
1,421
(5,148
)
NVIDIA Corp.
78
10/18/24
USD
120.00
USD
947
(44,460
)
Otis Worldwide Corp.
280
10/18/24
USD
95.00
USD
2,910
(249,200
)
Sanofi SA, ADR
1,088
10/18/24
USD
54.01
USD
6,270
(432,141
)
Skechers USA, Inc., Class A
430
10/18/24
USD
65.00
USD
2,878
(129,000
)
Tenet Healthcare Corp.
246
10/18/24
USD
160.00
USD
4,089
(223,860
)
Thermo Fisher Scientific, Inc.
75
10/18/24
USD
630.00
USD
4,639
(67,500
)
TKO Group Holdings, Inc., Class A
274
10/18/24
USD
125.00
USD
3,390
(74,665
)
Uber Technologies, Inc.
412
10/18/24
USD
77.50
USD
3,097
(68,392
)
UnitedHealth Group, Inc.
54
10/18/24
USD
580.00
USD
3,157
(109,215
)
Westinghouse Air Brake Technologies Corp.
236
10/18/24
USD
165.00
USD
4,290
(417,720
)
Zebra Technologies Corp., Class A
143
10/18/24
USD
360.00
USD
5,296
(225,225
)
Alphabet, Inc., Class A
118
10/25/24
USD
160.00
USD
1,957
(109,740
)
Amazon.com, Inc.
234
10/25/24
USD
200.00
USD
4,360
(31,356
)
Apple, Inc.
333
10/25/24
USD
225.00
USD
7,759
(365,467
)
Applied Materials, Inc.
200
10/25/24
USD
205.00
USD
4,041
(146,000
)
Avantor, Inc.
367
10/25/24
USD
28.50
USD
949
(12,845
)
Cardinal Health, Inc.
14
10/25/24
USD
114.00
USD
155
(1,190
)
Schedule of Investments
3
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Enhanced Capital and Income Fund, Inc. (CII)
 
Exchange-Traded Options Written (continued)
Description
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call (continued)
 
 
Electronic Arts, Inc.
393
10/25/24
USD
152.50
USD
5,637
$ (19,650
)
JPMorgan Chase & Co.
156
10/25/24
USD
225.00
USD
3,289
(14,430
)
Marvell Technology, Inc.
738
10/25/24
USD
78.00
USD
5,322
(75,645
)
Microsoft Corp.
302
10/25/24
USD
435.00
USD
12,995
(254,435
)
Novo Nordisk A/S, Class B, ADR
210
10/25/24
USD
137.00
USD
2,500
(6,825
)
NVIDIA Corp.
78
10/25/24
USD
120.00
USD
947
(51,480
)
NVIDIA Corp.
30
10/25/24
USD
116.00
USD
364
(27,150
)
Sony Group Corp., ADR
228
10/25/24
USD
93.00
USD
2,202
(110,580
)
Thermo Fisher Scientific, Inc.
73
10/25/24
USD
640.00
USD
4,516
(59,495
)
Advanced Micro Devices, Inc.
353
11/01/24
USD
175.00
USD
5,792
(195,032
)
Alphabet, Inc., Class A
108
11/01/24
USD
170.00
USD
1,791
(51,030
)
Amazon.com, Inc.
348
11/01/24
USD
190.00
USD
6,484
(234,030
)
Applied Materials, Inc.
137
11/01/24
USD
200.00
USD
2,768
(153,782
)
Avantor, Inc.
521
11/01/24
USD
27.50
USD
1,348
(19,538
)
Berkshire Hathaway, Inc., Class B
163
11/01/24
USD
460.00
USD
7,502
(157,295
)
BP PLC, ADR
886
11/01/24
USD
33.00
USD
2,781
(40,313
)
Cardinal Health, Inc.
159
11/01/24
USD
111.00
USD
1,757
(51,675
)
ConocoPhillips
377
11/01/24
USD
106.00
USD
3,969
(124,410
)
Discover Financial Services
218
11/01/24
USD
145.00
USD
3,058
(105,730
)
Electronic Arts, Inc.
345
11/01/24
USD
145.00
USD
4,949
(134,550
)
JPMorgan Chase & Co.
136
11/01/24
USD
215.00
USD
2,868
(56,440
)
Meta Platforms, Inc., Class A
204
11/01/24
USD
535.00
USD
11,678
(1,089,360
)
Micron Technology, Inc.
285
11/01/24
USD
96.00
USD
2,956
(290,700
)
Microsoft Corp.
167
11/01/24
USD
440.00
USD
7,186
(161,155
)
NVIDIA Corp.
177
11/01/24
USD
130.00
USD
2,149
(60,622
)
RTX Corp.
132
11/01/24
USD
121.00
USD
1,599
(51,480
)
UnitedHealth Group, Inc.
18
11/01/24
USD
590.00
USD
1,052
(34,155
)
Fidelity National Financial, Inc., Class A
347
11/06/24
USD
60.64
USD
2,153
(90,784
)
Cardinal Health, Inc.
159
11/08/24
USD
111.00
USD
1,757
(56,445
)
Meta Platforms, Inc., Class A
59
11/08/24
USD
630.00
USD
3,377
(71,537
)
NVIDIA Corp.
96
11/08/24
USD
130.00
USD
1,166
(42,240
)
Air Products and Chemicals, Inc.
64
11/15/24
USD
300.00
USD
1,906
(78,080
)
Alphabet, Inc., Class A
600
11/15/24
USD
170.00
USD
9,951
(354,000
)
Amazon.com, Inc.
388
11/15/24
USD
190.00
USD
7,230
(317,190
)
Apple, Inc.
286
11/15/24
USD
230.00
USD
6,664
(311,740
)
Aptiv PLC
445
11/15/24
USD
75.00
USD
3,204
(155,750
)
Ciena Corp.
685
11/15/24
USD
59.78
USD
4,219
(255,157
)
Cognizant Technology Solutions Corp., Class A
196
11/15/24
USD
76.25
USD
1,513
(73,282
)
Comcast Corp., Class A
963
11/15/24
USD
42.50
USD
4,022
(151,672
)
Corteva, Inc.
842
11/15/24
USD
57.10
USD
4,950
(286,175
)
Diageo PLC, ADR
122
11/15/24
USD
133.65
USD
1,712
(113,026
)
Elevance Health, Inc.
69
11/15/24
USD
550.00
USD
3,588
(65,205
)
Fortive Corp.
739
11/15/24
USD
72.51
USD
5,833
(659,835
)
ICON PLC
52
11/15/24
USD
320.00
USD
1,494
(18,070
)
Intercontinental Exchange, Inc.
282
11/15/24
USD
165.00
USD
4,530
(83,895
)
Marvell Technology, Inc.
309
11/15/24
USD
75.00
USD
2,229
(108,150
)
NVIDIA Corp.
78
11/15/24
USD
125.00
USD
947
(55,770
)
NVIDIA Corp.
387
11/15/24
USD
129.00
USD
4,700
(214,785
)
Sanofi SA, ADR
613
11/15/24
USD
60.71
USD
3,533
(68,304
)
Skechers USA, Inc., Class A
517
11/15/24
USD
70.00
USD
3,460
(142,175
)
Tenet Healthcare Corp.
375
11/15/24
USD
170.00
USD
6,233
(337,500
)
TKO Group Holdings, Inc., Class A
257
11/15/24
USD
125.00
USD
3,179
(145,205
)
Westinghouse Air Brake Technologies Corp.
234
11/15/24
USD
180.00
USD
4,253
(189,540
)
Zebra Technologies Corp., Class A
120
11/15/24
USD
350.00
USD
4,444
(402,600
)
Micron Technology, Inc.
14
12/20/24
USD
125.00
USD
145
(4,410
)
 
 
 
$ (16,462,269
)
4
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Enhanced Capital and Income Fund, Inc. (CII)
 
OTC Options Written 
Description
Counterparty
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call 
 
 
 
 
 
Shell PLC
Goldman Sachs International
18,400
10/03/24
GBP
27.73
GBP
446
$ —
Reinsurance Group of America, Inc.
UBS AG
17,400
10/09/24
USD
213.74
USD
3,791
(81,381
)
Crown Castle, Inc.
Morgan Stanley & Co. International PLC
9,100
10/15/24
USD
115.22
USD
1,080
(43,557
)
Shell PLC
Goldman Sachs International
76,900
10/17/24
GBP
25.98
GBP
1,866
(3,537
)
Dun & Bradstreet Holdings, Inc.
Citibank N.A.
98,300
10/21/24
USD
12.02
USD
1,131
(20,849
)
Fidelity National Financial, Inc., Class A
Morgan Stanley & Co. International PLC
90,200
10/21/24
USD
57.10
USD
5,598
(483,926
)
Shell PLC
Bank of America N.A.
69,900
10/22/24
GBP
26.40
GBP
1,696
(2,823
)
NVIDIA Corp.
JPMorgan Chase Bank N.A.
4,600
10/30/24
USD
115.59
USD
559
(45,698
)
Reinsurance Group of America, Inc.
Morgan Stanley & Co. International PLC
16,900
10/30/24
USD
217.25
USD
3,682
(83,996
)
Otis Worldwide Corp.
Morgan Stanley & Co. International PLC
34,100
11/01/24
USD
95.26
USD
3,544
(354,833
)
NVIDIA Corp.
Morgan Stanley & Co. International PLC
4,500
11/05/24
USD
124.07
USD
546
(29,582
)
NVIDIA Corp.
JPMorgan Chase Bank N.A.
4,500
11/07/24
USD
115.48
USD
546
(50,985
)
Crown Castle, Inc.
Morgan Stanley & Co. International PLC
10,500
11/08/24
USD
121.13
USD
1,246
(32,033
)
Shell PLC
UBS AG
40,600
11/14/24
GBP
24.65
GBP
985
(30,649
)
Crown Castle, Inc.
Morgan Stanley & Co. International PLC
10,400
11/19/24
USD
121.13
USD
1,234
(38,022
)
 
 
 
 
 
 
$ (1,301,871
)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Trust has the ability to access for identical, unrestricted assets or liabilities;
• Level 2 – Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).
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 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 Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Trust’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
$ 10,763,491
$ —
$ —
$ 10,763,491
Automobile Components
9,848,160
—
—
9,848,160
Banks
19,016,198
—
—
19,016,198
Beverages
8,865,980
—
—
8,865,980
Broadline Retail
55,410,815
—
—
55,410,815
Capital Markets
24,574,547
—
—
24,574,547
Chemicals
35,188,897
—
—
35,188,897
Communications Equipment
20,603,518
—
—
20,603,518
Consumer Finance
15,726,649
—
—
15,726,649
Consumer Staples Distribution & Retail
13,312,560
—
—
13,312,560
Electronic Equipment, Instruments & Components
14,981,666
—
—
14,981,666
Entertainment
26,428,979
—
—
26,428,979
Financial Services
26,288,670
—
—
26,288,670
Schedule of Investments
5
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Enhanced Capital and Income Fund, Inc. (CII)
 
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Common Stocks (continued)
Ground Transportation
$ 9,537,052
$ —
$ —
$ 9,537,052
Health Care Providers & Services
67,838,560
—
—
67,838,560
Household Durables
22,158,759
—
—
22,158,759
Insurance
23,212,009
—
—
23,212,009
Interactive Media & Services
83,200,479
—
—
83,200,479
IT Services
15,587,813
—
—
15,587,813
Life Sciences Tools & Services
37,389,820
—
—
37,389,820
Machinery
41,219,650
—
—
41,219,650
Media
20,440,525
—
—
20,440,525
Oil, Gas & Consumable Fuels
19,454,970
10,093,562
—
29,548,532
Pharmaceuticals
39,145,969
—
—
39,145,969
Professional Services
11,264,791
—
—
11,264,791
Semiconductors & Semiconductor Equipment
106,021,213
—
—
106,021,213
Software
79,523,313
—
—
79,523,313
Specialized REITs
17,841,596
—
—
17,841,596
Technology Hardware, Storage & Peripherals
43,089,622
—
—
43,089,622
Textiles, Apparel & Luxury Goods
9,750,646
—
—
9,750,646
Short-Term Securities 
Money Market Funds
8,500,557
—
—
8,500,557
 
$936,187,474
$10,093,562
$—
$946,281,036
Derivative Financial Instruments(a)
Liabilities 
Equity Contracts
$ (13,591,264
)
$ (4,172,876
)
$ —
$ (17,764,140
)
 
(a)
Derivative financial instruments are options written. Options written are shown at value.
 
Currency Abbreviation 
GBP
British Pound
USD
United States Dollar
 
Portfolio Abbreviation 
ADR
 American Depositary Receipt
REIT
 Real Estate Investment Trust
6