March 31, 2025
2025 Quarterly Report
(Unaudited)
BlackRock Advantage Global Fund, Inc.
Not FDIC Insured • May Lose Value • No Bank Guarantee

Schedule of Investments (unaudited)
March 31, 2025
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)

Security
 

Shares
Value
Common Stocks
Australia — 0.7%
BHP Group Ltd., Class DI
 
75,734
$ 1,837,545
Glencore PLC
 
387,741
1,419,181
 
 
3,256,726
Austria — 0.0%
OMV AG
 
2,540
130,801
Brazil — 0.7%
B3 SA - Brasil Bolsa Balcao
 
725,527
1,543,499
Isa Energia Brasil SA
 
33,491
131,113
Lojas Renner SA
 
495,473
1,061,892
Marfrig Global Foods SA
 
77,042
243,826
Pagseguro Digital Ltd., Class A(a)
 
36,772
280,570
 
 
3,260,900
Canada — 2.4%
Barrick Gold Corp.
 
247,280
4,801,086
CGI, Inc.
 
11,247
1,122,785
Keyera Corp.
 
982
30,524
Kinross Gold Corp.
 
111,588
1,405,852
Thomson Reuters Corp.
 
15,507
2,675,969
Toronto-Dominion Bank
 
7,790
466,788
 
 
10,503,004
China — 3.4%
Alibaba Group Holding Ltd.
 
23,900
395,449
BOE Technology Group Co. Ltd., Class A
 
2,333,400
1,333,460
BYD Co. Ltd., Class A
 
45,400
2,355,146
Contemporary Amperex Technology Co. Ltd., Class A
 
26,400
922,276
Ping An Insurance Group Co. of China Ltd., Class A
 
168,200
1,196,136
Tencent Holdings Ltd.
 
114,800
7,335,250
Wuliangye Yibin Co. Ltd., Class A
 
36,400
658,570
Xiaomi Corp., Class B(a)(b)
 
86,800
549,247
Yangzijiang Shipbuilding Holdings Ltd.
 
106,300
186,559
 
 
14,932,093
Denmark — 0.1%
AP Moller - Maersk A/S, Class B
 
73
127,051
Genmab A/S(a)
 
1,493
290,867
 
 
417,918
France — 2.1%
AXA SA
 
21,450
916,467
BNP Paribas SA
 
37,033
3,095,193
Danone SA
 
26,131
1,998,635
Eiffage SA
 
5,644
657,124
Engie SA
 
140,510
2,737,952
Hermes International SCA
 
50
131,556
 
 
9,536,927
Germany — 3.6%
adidas AG
 
21,245
5,010,854
Allianz SE, Registered Shares
 
5,510
2,108,730
Deutsche Telekom AG, Registered Shares
 
169,573
6,260,629
SAP SE
 
5,720
1,532,671
Siemens AG, Class N, Registered Shares
 
4,352
1,005,078
Siemens Energy AG(a)
 
4,120
244,242
 
 
16,162,204
Hong Kong — 0.3%
AIA Group Ltd.
 
180,200
1,364,090
India — 1.1%
Alkem Laboratories Ltd.
 
3,225
183,704
Birlasoft Ltd.
 
43,692
196,406
Security
 
Shares
Value
India (continued)
Dixon Technologies India Ltd.
 
2,611
$ 400,466
DLF Ltd.
 
52,897
418,122
Infosys Ltd.
 
56,100
1,027,951
KPIT Technologies Ltd.
 
11,493
174,102
Larsen & Toubro Ltd.
 
24,933
1,013,932
Lupin Ltd.
 
22,306
528,162
SBI Life Insurance Co. Ltd.(b)
 
7,734
139,504
Trent Ltd.
 
4,302
266,678
Voltas Ltd.
 
43,132
733,795
 
 
5,082,822
Israel — 0.4%
Wix.com Ltd.(a)
 
11,364
1,856,650
Italy — 0.5%
Intesa Sanpaolo SpA
 
421,535
2,172,450
Japan — 6.7%
ANA Holdings, Inc.
 
29,300
540,841
Canon, Inc.
 
4,100
127,851
Daikin Industries Ltd.
 
9,800
1,063,482
Daiwa House Industry Co. Ltd.
 
3,800
125,683
KDDI Corp.
 
69,300
1,094,639
Keyence Corp.
 
500
196,605
Mitsubishi Electric Corp.
 
20,700
381,755
Mitsubishi UFJ Financial Group, Inc.
 
497,800
6,786,912
Mitsui & Co. Ltd.
 
13,700
258,289
Mitsui Fudosan Co. Ltd.
 
103,400
925,955
Mizuho Financial Group, Inc.
 
43,300
1,188,313
MS&AD Insurance Group Holdings, Inc.
 
42,900
932,982
Murata Manufacturing Co. Ltd.
 
24,500
377,911
Nippon Telegraph & Telephone Corp.
 
380,800
368,032
Nomura Holdings, Inc.
 
312,700
1,926,832
Obayashi Corp.
 
53,200
709,706
Panasonic Holdings Corp.
 
90,500
1,079,620
Recruit Holdings Co. Ltd.
 
15,900
823,799
SoftBank Corp.
 
165,400
230,729
SoftBank Group Corp.
 
5,500
281,324
Sony Group Corp.
 
140,000
3,542,418
Sumitomo Mitsui Financial Group, Inc.
 
130,200
3,348,042
Tokio Marine Holdings, Inc.
 
36,900
1,435,514
Tokyo Electron Ltd.
 
7,900
1,083,347
Toyota Motor Corp.
 
46,700
825,530
 
 
29,656,111
Malaysia — 0.0%
YTL Corp. Bhd.
 
290,000
131,432
Russia(a)(c) — 0.0%
Alrosa PJSC
 
18,331
2
Mobile TeleSystems PJSC
 
3,760
1
 
 
3
Singapore — 0.5%
DBS Group Holdings Ltd.
 
69,500
2,386,721
South Korea — 1.7%
CJ Logistics Corp.
 
2,974
174,853
Coupang, Inc.(a)
 
23,208
508,952
KCC Corp.
 
726
125,157
Kia Corp.
 
8,473
535,906
LG Display Co. Ltd.(a)
 
21,078
127,024
NAVER Corp.
 
10,868
1,420,270
1

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
South Korea (continued)
Samsung Electronics Co. Ltd.
 
91,205
$ 3,615,864
SK Hynix, Inc.
 
9,211
1,227,881
 
 
7,735,907
Sweden — 0.5%
Assa Abloy AB, Class B
 
25,183
756,025
Atlas Copco AB, Class A
 
16,884
269,695
Telefonaktiebolaget LM Ericsson, B Shares
 
126,659
985,502
 
 
2,011,222
Switzerland — 4.2%
ABB Ltd., Registered Shares
 
111,195
5,737,431
Cie Financiere Richemont SA, Class A, Registered
Shares
 
11,088
1,935,586
DSM-Firmenich AG
 
6,007
594,681
Novartis AG, Registered Shares
 
71,542
7,946,156
TE Connectivity PLC
 
18,315
2,588,276
 
 
18,802,130
Taiwan — 2.1%
Accton Technology Corp.
 
12,000
212,604
AUO Corp.
 
303,000
124,056
Bizlink Holding, Inc.
 
26,000
404,139
Chroma ATE, Inc.
 
55,000
480,607
Elan Microelectronics Corp.
 
32,000
132,602
MediaTek, Inc.
 
67,354
2,902,987
Taiwan Semiconductor Manufacturing Co. Ltd.
 
175,000
4,928,522
 
 
9,185,517
Turkey — 0.1%
Migros Ticaret A/S
 
26,244
342,508
United Kingdom — 3.4%
AstraZeneca PLC
 
25,102
3,686,094
BAE Systems PLC
 
106,959
2,159,767
Direct Line Insurance Group PLC
 
44,826
163,108
Flutter Entertainment PLC(a)
 
773
171,258
Informa PLC
 
136,693
1,370,606
International Consolidated Airlines Group SA
 
270,834
916,433
Intertek Group PLC
 
7,244
471,036
Rolls-Royce Holdings PLC(a)
 
74,758
726,600
Smiths Group PLC
 
31,674
794,795
TechnipFMC PLC
 
40,606
1,286,804
Tesco PLC
 
737,737
3,173,953
 
 
14,920,454
United States — 63.4%
3M Co.
 
2,359
346,443
AbbVie, Inc.
 
11,182
2,342,853
Accenture PLC, Class A
 
6,414
2,001,425
Adobe, Inc.(a)
 
6,546
2,510,587
AECOM
 
8,445
783,105
Allstate Corp.
 
4,091
847,123
Alphabet, Inc., Class A
 
45,227
6,993,903
Alphabet, Inc., Class C
 
22,209
3,469,712
Amazon.com, Inc.(a)
 
57,218
10,886,297
American Express Co.
 
1,110
298,646
AMETEK, Inc.
 
3,760
647,246
Amgen, Inc.
 
2,361
735,570
Apple, Inc.
 
102,594
22,789,205
Applied Materials, Inc.
 
2,014
292,272
Bank of America Corp.
 
202,964
8,469,688
BioMarin Pharmaceutical, Inc.(a)
 
4,296
303,684
Booking Holdings, Inc.
 
1,584
7,297,345
BorgWarner, Inc.
 
7,293
208,944
Security
 
Shares
Value
United States (continued)
Broadcom, Inc.
 
15,382
$ 2,575,408
BRP, Inc.
 
770
25,999
Charles Schwab Corp.
 
37,309
2,920,549
Cheniere Energy, Inc.
 
8,671
2,006,469
Chevron Corp.
 
17,184
2,874,711
Cigna Group
 
2,592
852,768
Cisco Systems, Inc.
 
61,265
3,780,663
Citigroup, Inc.
 
51,070
3,625,459
CME Group, Inc.
 
20,997
5,570,294
Coca-Cola Co.
 
24,827
1,778,110
Colgate-Palmolive Co.
 
72,918
6,832,417
Comcast Corp., Class A
 
112,511
4,151,656
Costco Wholesale Corp.
 
3,518
3,327,254
Crown Holdings, Inc.
 
2,478
221,186
CSL Ltd.
 
1,363
214,522
Delta Air Lines, Inc.
 
14,249
621,256
Digital Realty Trust, Inc.
 
3,307
473,860
Eaton Corp. PLC
 
6,686
1,817,455
Eli Lilly & Co.
 
4,621
3,816,530
Experian PLC
 
29,934
1,387,000
Fortinet, Inc.(a)
 
17,640
1,698,026
Gilead Sciences, Inc.
 
9,216
1,032,653
GSK PLC
 
45,022
860,379
Hartford Financial Services Group, Inc.
 
12,337
1,526,457
HCA Healthcare, Inc.
 
5,809
2,007,300
Home Depot, Inc.
 
2,723
997,952
Incyte Corp.(a)
 
4,615
279,438
JPMorgan Chase & Co.
 
22,465
5,510,664
KLA Corp.
 
1,153
783,809
Lam Research Corp.
 
39,803
2,893,678
Lockheed Martin Corp.
 
5,225
2,334,060
Marathon Petroleum Corp.
 
10,933
1,592,829
MasTec, Inc.(a)
 
13,916
1,624,136
Medtronic PLC
 
50,451
4,533,527
Merck & Co., Inc.
 
1,467
131,678
Meta Platforms, Inc., Class A
 
14,589
8,408,516
Microsoft Corp.
 
48,163
18,079,909
Moodys Corp.
 
13,220
6,156,422
Morgan Stanley
 
50,976
5,947,370
Motorola Solutions, Inc.
 
13,954
6,109,201
Northrop Grumman Corp.
 
8,086
4,140,113
NVIDIA Corp.
 
156,365
16,946,839
NVR, Inc.(a)
 
132
956,259
Pfizer, Inc.
 
153,191
3,881,860
Philip Morris International, Inc.
 
7,684
1,219,681
PNC Financial Services Group, Inc.
 
16,326
2,869,621
Procter & Gamble Co.
 
6,373
1,086,087
QUALCOMM, Inc.
 
38,514
5,916,136
Regeneron Pharmaceuticals, Inc.
 
638
404,639
Reinsurance Group of America, Inc.
 
2,060
405,614
ResMed, Inc.
 
9,690
2,169,106
Roche Holding AG
 
9,735
3,204,057
S&P Global, Inc.
 
15,318
7,783,076
SailPoint, Inc.(a)
 
4,008
75,150
Schneider Electric SE
 
3,461
798,955
ServiceNow, Inc.(a)
 
2,373
1,889,240
Shell PLC
 
231,808
8,437,878
Simon Property Group, Inc.
 
16,770
2,785,162
Tesla, Inc.(a)
 
9,091
2,356,024
Trane Technologies PLC
 
16,165
5,446,312
UnitedHealth Group, Inc.
 
10,433
5,464,284
Ventas, Inc.
 
1,905
130,988
Schedule of Investments
2

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
Security
 
Shares
Value
United States (continued)
Verizon Communications, Inc.
 
15,306
$ 694,280
Vertex Pharmaceuticals, Inc.(a)
 
1,031
499,849
Visa, Inc., Class A
 
18,526
6,492,622
Walmart, Inc.
 
35,626
3,127,607
 
 
281,787,057
Total Common Stocks — 97.9%
(Cost: $370,753,245)
435,635,647
Preferred Securities
Preferred Stocks — 0.1%
Brazil — 0.1%
Marcopolo SA
 
153,955
165,112
Usinas Siderurgicas de Minas Gerais S/A Usiminas,
Class A
 
129,981
129,379
 
 
294,491
Total Preferred Securities — 0.1%
(Cost: $368,285)
294,491
Total Long-Term Investments — 98.0%
(Cost: $371,121,530)
435,930,138
Security
 
Shares
Value
Short-Term Securities
Money Market Funds — 1.7%
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
4.22%(d)(e)
 
7,681,643
$   7,681,643
Total Short-Term Securities — 1.7%
(Cost: $7,681,643)
7,681,643
Total Investments — 99.7%
(Cost: $378,803,173)
443,611,781
Other Assets Less Liabilities — 0.3%
1,200,887
Net Assets — 100.0%
$ 444,812,668
(a)
Non-income producing security.
(b)
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933,
as amended. These securities may be resold in transactions exempt from registration to
qualified institutional investors.
(c)
Security is valued using significant unobservable inputs and is classified as Level 3 in the
fair value hierarchy.
(d)
Affiliate of the Fund.
(e)
Annualized 7-day yield as of period end.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer
Value at
06/30/24
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
03/31/25
Shares
Held at
03/31/25
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional, SL Agency Shares(a)
$ 
$ 
$ (865
)(b)
$ 865
$ 
$ 
$ 689
(c)
$ 
BlackRock Liquidity Funds, T-Fund, Institutional Shares
6,831,991
849,652
(b)
7,681,643
7,681,643
254,026
 
$ 865
$ 
$ 7,681,643
$ 254,715
$ 
(a)
As of period end, the entity is no longer held.
(b)
Represents net amount purchased (sold).
(c)
All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and
from borrowers of securities.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
Description
Number of
Contracts
Expiration
Date
Notional
Amount (000)
Value/
Unrealized
Appreciation
(Depreciation)
Long Contracts
MSCI EAFE Index
17
06/20/25
$ 2,054
$ (68,009
)
MSCI Emerging Markets Index
16
06/20/25
889
(26,889
)
S&P 500 E-Mini Index
18
06/20/25
5,088
(49,173
)
 
$ (144,071
)
3

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Advantage Global Fund, Inc.
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 Fund has the ability to access for identical 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 that may not have a secondary market and/or may have 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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Funds 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
Australia
$ 
$ 3,256,726
$ 
$ 3,256,726
Austria
130,801
130,801
Brazil
3,260,900
3,260,900
Canada
10,503,004
10,503,004
China
14,932,093
14,932,093
Denmark
417,918
417,918
France
9,536,927
9,536,927
Germany
16,162,204
16,162,204
Hong Kong
1,364,090
1,364,090
India
5,082,822
5,082,822
Israel
1,856,650
1,856,650
Italy
2,172,450
2,172,450
Japan
29,656,111
29,656,111
Malaysia
131,432
131,432
Russia
3
3
Singapore
2,386,721
2,386,721
South Korea
508,952
7,226,955
7,735,907
Sweden
2,011,222
2,011,222
Switzerland
2,588,276
16,213,854
18,802,130
Taiwan
9,185,517
9,185,517
Turkey
342,508
342,508
United Kingdom
1,458,062
13,462,392
14,920,454
United States
266,884,266
14,902,791
281,787,057
Preferred Securities
Preferred Stocks
294,491
294,491
Short-Term Securities
Money Market Funds
7,681,643
7,681,643
$ 295,378,752
$ 148,233,026
$ 3
$ 443,611,781
Derivative Financial Instruments(a)
Liabilities
Equity Contracts
$ (144,071
)
$ 
$ 
$ (144,071
)
(a)
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.
Schedule of Investments
4

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Advantage Global Fund, Inc.
Portfolio Abbreviation 
MSCI
Morgan Stanley Capital International
PJSC
Public Joint Stock Company
S&P
Standard & Poors
SCA
Societe en Commandite par Actions
5