NPORT-EX 2 NPORT_LCQH_41254231_1022.htm BlackRock MuniHoldings New Jersey Quality Fund

Schedule of Investments (unaudited)

October 31, 2022

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

Municipal Bonds

    
Guam — 0.4%            
Utilities — 0.4%            

Guam Government Waterworks Authority, RB, Series A, 5.00%, 01/01/50

   $          2,945     $ 2,777,942  
   

 

 

  
New Jersey — 142.1%  

Corporate — 7.8%

    

New Jersey Economic Development Authority, ARB

    

Series A, AMT, 5.63%, 11/15/30

     1,730       1,734,839  

Series B, AMT, 5.63%, 11/15/30

     5,000       4,885,585  

New Jersey Economic Development Authority, RB(a)

    

Series A, (NPFGC), 5.25%, 07/01/25

     950       992,524  

Series A, (NPFGC), 5.25%, 07/01/26

     1,415       1,500,235  

New Jersey Economic Development Authority, Refunding ARB, AMT, 3.00%, 08/01/41

     17,630       11,945,665  

New Jersey Economic Development Authority, Refunding RB

    

3.38%, 04/01/38

     4,040       3,446,310  

3.50%, 04/01/42

     3,030       2,357,270  

Series A, AMT, 2.20%, 10/01/39(b)

     7,230       6,100,356  

New Jersey Economic Development Authority, Refunding SAB, AMT, 3.00%, 08/01/43

     25,350       17,439,304  
   

 

 

  
            50,402,088  
County/City/Special District/School District — 20.3%  

Casino Reinvestment Development Authority, Inc., Refunding RB

    

Class D, 5.25%, 11/01/39

     13,410       13,465,544  

Class D, 5.25%, 11/01/44

       15,755       15,761,475  

City of Bayonne New Jersey, Refunding GO, (BAM, SAW), 5.00%, 07/01/26(c)

     3,990       4,220,283  

County of Essex New Jersey, GO, Series B, (SCH BD RES FD), 3.00%, 09/01/46

         1,700           1,266,898  

County of Middlesex New Jersey, Refunding COP, 5.00%, 10/15/31

     2,840       3,086,992  

Essex County Improvement Authority, Refunding RB

    

(NPFGC GTD), 5.50%, 10/01/27

     250       274,327  

(NPFGC GTD), 5.50%, 10/01/28

     9,380       10,453,504  

(NPFGC GTD), 5.50%, 10/01/29

     8,505       9,603,013  

Ewing Township Board of Education, GO

    

(SCH BD RES FD), 4.00%, 07/15/38

     2,660       2,506,531  

(SCH BD RES FD), 4.00%, 07/15/39

     2,320       2,170,464  

Gloucester County Improvement Authority, RB, (BAM), 4.00%, 07/01/46

     840       710,607  

Hudson County Improvement Authority, RB

    

5.00%, 05/01/46

     5,655       5,735,386  

4.00%, 10/01/51

     2,000       1,714,398  

Series A-1, (NPFGC GTD), 0.00%, 12/15/32(d)

     1,000       656,573  

Jersey City Redevelopment Agency, RB, (MUN GOVT GTD), 4.00%, 12/15/31

     2,000       1,996,526  

Mercer County Improvement Authority, RB, 5.00%, 09/01/40

     2,480       2,525,369  

Middlesex County Improvement Authority, RB, Series B, 6.25%, 01/01/37(e)(f)

     2,350       47,000  

Monroe Township Board of Educationddlesex County, Refunding GO, (SCH BD RES FD), 5.00%, 03/01/25(c)

     2,750       2,856,381  

New Jersey Economic Development Authority, RB 5.00%, 06/15/23(c)

     3,065       3,097,152  
Security  

Par

(000)

     Value  

 

  
County/City/Special District/School District (continued)  

New Jersey Economic Development Authority, RB (continued)

    

Series B, AMT, 6.50%, 04/01/31

   $          4,010     $ 4,002,044  

New Jersey Economic Development Authority, Refunding SAB, 6.50%, 04/01/28

     4,168       4,260,285  

Township of Irvington New Jersey, Refunding GO, Series A, (AGM), 5.00%, 07/15/24(c)

     1,175       1,209,304  

Union County Utilities Authority Refunding RB, 5.00%, 06/15/41

     1,000       1,000,422  

Union County Utilities Authority, Refunding RB, Series A, AMT, (GTD), 5.25%, 12/01/31

       38,770       38,820,750  
   

 

 

  
          131,441,228  
Education — 26.7%  

Atlantic County Improvement Authority, RB, Series A, (AGM), 4.00%, 07/01/46

     2,250       1,934,541  

Clifton Board of Education, GO

    

(AGM), 2.25%, 08/15/45

     6,150       3,744,354  

(AGM), 2.25%, 08/15/46

     6,150       3,667,270  

Gloucester County Improvement Authority, RB

    

5.00%, 07/01/44

     1,985       1,991,967  

Series A, 5.00%, 07/01/31

     1,950       2,002,720  

Series A, 5.00%, 07/01/32

     1,775       1,819,714  

Series A, 5.00%, 07/01/33

     2,250       2,298,992  

Series A, 5.00%, 07/01/34

     1,200       1,221,688  

New Jersey Economic Development Authority, RB

    

6.00%, 10/01/33

     4,520       4,567,559  

Series A, 5.00%, 07/01/27(g)

     330       323,403  

Series A, 5.13%, 11/01/29(g)

     150       144,960  

Series A, 5.00%, 01/01/35

     2,000       1,803,556  

Series A, 5.25%, 07/01/37(g)

     1,030       936,553  

Series A, 5.00%, 07/01/38

     350       335,427  

Series A, 6.25%, 11/01/38(g)

     440       440,133  

Series A, 5.00%, 07/01/47

     1,235       1,065,649  

Series A, 5.38%, 07/01/47(g)

     1,685       1,444,970  

Series A, 5.00%, 12/01/48

     4,475       4,014,625  

Series A, 5.00%, 06/15/49(g)

     970       806,793  

Series A, 5.00%, 07/01/50

     905       804,500  

Series A, 6.50%, 11/01/52(g)

     2,490       2,432,284  

Series A, 5.00%, 06/15/54(g)

     730       595,071  

Series A, 5.25%, 11/01/54(g)

     4,040       3,297,040  

Series WW, 5.25%, 06/15/25(c)

     460       482,609  

New Jersey Economic Development Authority, Refunding RB

    

(SAP), 3.84%, 03/01/28(b)

     4,510       4,486,868  

(AGM), 5.00%, 06/01/37

     6,270           6,080,126  

(AGM), 5.00%, 06/01/42

     810       780,661  

Series A, 4.25%, 09/01/27(g)

     210       203,111  

Series A, 5.63%, 08/01/34(g)

     630       609,907  

Series A, 5.00%, 09/01/37(g)

     805       732,572  

Series A, 5.88%, 08/01/44(g)

     1,070       1,013,317  

Series A, 6.00%, 08/01/49(g)

     555       526,235  

Series A, 5.13%, 09/01/52(g)

     1,700       1,432,641  

New Jersey Educational Facilities Authority, RB

    

Series A, 5.00%, 07/01/45

     2,420       2,420,915  

Series C, (AGM), 3.25%, 07/01/49

     1,060       747,276  

Series C, (AGM), 4.00%, 07/01/50

     895       745,556  

New Jersey Educational Facilities Authority, Refunding RB

    

Series A, (BAM-TCRS), 5.00%, 07/01/28

     2,050       2,091,369  
 

 

1

Schedule of Investments (unaudited) (continued)

October 31, 2022

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  
Education (continued)  

New Jersey Educational Facilities Authority, Refunding RB (continued)

    

Series A, 5.00%, 07/01/39

   $   15,555     $       15,641,050  

Series A, 5.00%, 07/01/44

     14,500       14,529,406  

Series A, 4.00%, 07/01/47

              2,100       1,704,950  

Series D, 5.00%, 07/01/38

     1,000       1,001,468  

Series D, 5.00%, 07/01/43

     600       600,387  

New Jersey Higher Education Student Assistance Authority, RB

    

Series 1A, AMT, 5.00%, 12/01/22

     915       916,040  

Series 1A, AMT, 4.00%, 12/01/28

     270       262,905  

Series 1A, AMT, 4.50%, 12/01/28

     715       714,987  

Series 1A, AMT, 4.00%, 12/01/29

     185       179,454  

Series 1A, AMT, 4.50%, 12/01/29

     910       909,986  

Series 1A, AMT, 4.63%, 12/01/30

     895       895,039  

Series 1A, AMT, 4.00%, 12/01/31

     290       285,397  

Series 1A, AMT, 4.13%, 12/01/35

     175       159,906  

Series 1A-1, AMT, 4.00%, 12/01/29

     1,685       1,675,240  

Series 1A-1, AMT, 4.25%, 12/01/32

     610       608,466  

Series 1A-1, AMT, 4.50%, 12/01/36

     530       514,361  

Sub-Series C, AMT, 4.00%, 12/01/48

     3,210       2,570,867  

New Jersey Higher Education Student Assistance Authority, Refunding RB

    

Series B, AMT, 3.00%, 12/01/32

     5,500       4,849,240  

Series B, AMT, 4.00%, 12/01/41

     3,265       2,939,274  

Sub-Series C, AMT, 3.63%, 12/01/49

     1,925       1,446,611  

Series C, AMT, Subordinate, 5.00%, 12/01/52

     18,705       17,161,744  

New Jersey Institute of Technology, RB

    

Series A, 5.00%, 07/01/40

     3,000       3,032,445  

Series A, 5.00%, 07/01/45

     12,000       12,045,612  

Newark Board of Education, Refunding GO

    

(BAM SCH BD RES FD), 3.00%, 07/15/38

     700       552,793  

(BAM SCH BD RES FD), 3.00%, 07/15/39

     120       93,736  

(BAM SCH BD RES FD), 3.00%, 07/15/41

     1,500       1,103,511  

Sustainability Bonds, (BAM SCH BD RES FD), 5.00%, 07/15/29

     160       170,446  

Sustainability Bonds, (BAM SCH BD RES FD), 5.00%, 07/15/31

     200       214,820  

Sustainability Bonds, (BAM SCH BD RES FD), 5.00%, 07/15/33

     250       265,299  

Sustainability Bonds, (BAM SCH BD RES FD), 4.00%, 07/15/34

     215       203,557  

Sustainability Bonds, (BAM SCH BD RES FD), 4.00%, 07/15/35

     215       200,398  

Rutgers The State University of New Jersey, Refunding RB, Series L, 5.00%, 05/01/23(c)

     21,565       21,771,540  
   

 

 

  
      173,267,867  
Health — 9.6%  

Camden County Improvement Authority, Refunding RB

    

5.00%, 02/15/33

     2,000       2,005,300  

5.00%, 02/15/34

     590       590,590  

Middlesex County Improvement Authority, RB, AMT, (AMBAC), 5.50%, 09/01/30

     445       445,394  

New Jersey Economic Development Authority, Refunding RB

    

5.00%, 01/01/34

     1,230       1,208,729  

5.00%, 01/01/39  

     1,230       1,163,676  
Security  

Par

(000)

     Value  

 

  
Health (continued)  

New Jersey Health Care Facilities Financing Authority, RB

    

5.00%, 07/01/42

   $          3,955     $ 3,920,742  

2.38%, 07/01/46

     3,735       2,161,060  

4.00%, 07/01/47

     2,875       2,379,175  

3.00%, 07/01/51

     14,850       9,689,714  

Series A, 5.50%, 07/01/43

     5,505       5,538,580  

Series B, 1.34%, 07/01/43(b)

       10,450             10,450,000  

New Jersey Health Care Facilities Financing Authority, Refunding RB

    

5.00%, 01/01/24(c)

     180       183,708  

5.00%, 07/01/28

     2,820       2,870,503  

5.00%, 07/01/29

     715       726,995  

5.00%, 07/01/34

     2,190       2,247,365  

5.00%, 07/01/39

     4,355       4,400,436  

4.00%, 07/01/41

     3,000       2,669,100  

Series A, 4.00%, 07/01/43

     3,500       3,002,440  

Series A, 5.00%, 07/01/43

     6,385       6,330,913  
   

 

 

  
      61,984,420  
Housing — 4.7%  

New Jersey Housing & Mortgage Finance Agency, RB, Series A, (AGM), 5.00%, 05/01/27

     1,920       1,920,703  

New Jersey Housing & Mortgage Finance Agency, RB, S/F Housing

    

Series H, 2.15%, 10/01/41

     2,995       1,976,993  

Series H, 2.30%, 10/01/46

     2,250       1,379,470  

Series H, 2.40%, 04/01/52

     2,255       1,309,483  

New Jersey Housing & Mortgage Finance Agency, Refunding RB

    

Series 2, AMT, 4.60%, 11/01/38

     3,120       2,805,176  

Series 2, AMT, 4.75%, 11/01/46

     3,795       3,303,437  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing

    

Series A, (HUD SECT 8), 2.25%, 11/01/36

     1,150       856,640  

Series A, (HUD SECT 8), 2.45%, 11/01/45

     860       566,707  

Series A, (HUD SECT 8), 2.65%, 11/01/46

     1,150       733,585  

Series A, 4.00%, 11/01/48

     675       545,235  

Series A, (HUD SECT 8), 2.55%, 11/01/50

     780       487,679  

Series A, (HUD SECT 8), 2.70%, 11/01/51

     1,150       696,913  

Series A, 4.10%, 11/01/53

     400       338,229  

Series A, (HUD SECT 8), 2.63%, 11/01/56

     780       434,293  

Series A, (HUD SECT 8), 2.75%, 11/01/56

     1,150       667,803  

Series D, AMT, 4.25%, 11/01/37

     1,750       1,566,677  

Series D, AMT, 4.35%, 11/01/42

     1,000       876,869  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, S/F Housing

    

Series A, 3.75%, 10/01/35

     5,295       4,806,605  

Series E, 2.25%, 10/01/40

     2,505       1,657,947  

Series E, 2.40%, 10/01/45

     1,930       1,180,538  

Newark Housing Authority, RB, M/F Housing, Series A, 5.00%, 12/01/30

     2,000       2,024,262  
   

 

 

  
      30,135,244  
State — 31.3%  

Garden State Preservation Trust, RB, CAB(d)

    

Series B, (AGM), 0.00%, 11/01/23

     17,185       16,634,204  

Series B, (AGM), 0.00%, 11/01/25

     10,000       8,981,500  

Series B, (AGM), 0.00%, 11/01/26

     6,000       5,173,284  

Series B, (AGM), 0.00%, 11/01/27

     4,000       3,305,648  

Series B, (AGM), 0.00%, 11/01/28

     4,540       3,596,815  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

   2

Schedule of Investments (unaudited) (continued)

October 31, 2022

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  
State (continued)  

New Jersey Economic Development Authority, RB

    

4.00%, 11/01/44

   $          4,715     $ 3,852,792  

4.00%, 06/15/49

     5,310       4,216,984  

Class A, 5.25%, 11/01/47

     7,800       7,690,488  

Series A, (NPFGC), 5.25%, 07/01/24

     1,785       1,819,284  

Series A, (NPFGC), 5.25%, 07/01/25

     7,915       8,139,960  

Series A, (NPFGC), 5.25%, 07/01/26

     7,500       7,772,062  

Series A, 5.00%, 06/15/42

     1,000       965,577  

Series B, 5.00%, 06/15/35

     3,750       3,764,134  

Series B, 5.00%, 06/15/43

     3,470       3,340,146  

Series EEE, 5.00%, 06/15/43

     16,995       16,359,013  

Series WW, 5.25%, 06/15/33

     380       385,221  

Series WW, 5.00%, 06/15/34

     5,500       5,523,204  

Series WW, 5.00%, 06/15/36

     3,115       3,112,826  

Series WW, 5.25%, 06/15/40

     7,915       7,928,384  

New Jersey Economic Development Authority, Refunding RB

    

4.00%, 07/01/46

     5,025       4,443,834  

Series N-1, (NPFGC), 5.50%, 09/01/27

     1,000       1,060,337  

Series NN, 5.00%, 03/01/23(c)

     19,715       19,840,723  

Sub-Series A, 4.00%, 07/01/32

     5,000       4,660,995  

Sub-Series A, 5.00%, 07/01/33

     5,050       5,104,368  

Sub-Series A, 4.00%, 07/01/34

     8,570       7,865,058  

New Jersey Educational Facilities Authority, RB

    

Series A, 4.00%, 09/01/28

     9,705       9,556,805  

Series A, 5.00%, 09/01/32

     4,000       4,026,876  

Series A, 5.00%, 09/01/33

     5,370       5,393,907  

New Jersey Transportation Trust Fund Authority, RB

    

4.50%, 06/15/49

     4,600       3,973,347  

Class BB, 4.00%, 06/15/40

     6,000       5,116,560  

Series BB, 4.00%, 06/15/44

     5,100       4,181,959  

South Jersey Port Corp., ARB

    

Series B, AMT, 5.00%, 01/01/42

     3,000       2,854,158  

Series B, AMT, 5.00%, 01/01/48

     9,120       8,386,971  

State of New Jersey, GO, 2.00%, 06/01/37

     5,825       3,930,168  
   

 

 

  
      202,957,592  
Tobacco — 5.9%  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/46

     10,000       9,323,490  

Sub-Series B, 5.00%, 06/01/46

     31,690       29,032,572  
   

 

 

  
      38,356,062  
Transportation — 30.3%  

New Jersey Economic Development Authority, RB

    

AMT, (AGM), 5.00%, 01/01/31

     1,000       999,387  

AMT, 5.13%, 01/01/34

     2,290       2,227,517  

AMT, 5.38%, 01/01/43

     23,510             22,240,013  

New Jersey Economic Development Authority, Refunding RB, AMT, 5.00%, 10/01/37

     2,750       2,747,940  

New Jersey Transportation Trust Fund Authority, RB

    

Class BB, 5.00%, 06/15/36

     3,750       3,747,383  

Class BB, 4.00%, 06/15/37

     1,550       1,366,221  

Class BB, 4.00%, 06/15/50

     3,825       3,026,267  

Series A, (NPFGC), 5.75%, 06/15/24

     1,205       1,239,617  

Series A, 5.00%, 06/15/30

     4,250       4,367,083  

Series AA, 5.25%, 06/15/33

     5,690       5,716,094  

Series AA, 5.25%, 06/15/34

     1,305       1,319,056  

Series AA, 4.00%, 06/15/36

     2,565       2,288,757  

Series AA, 5.00%, 06/15/38

     11,830       11,641,193  

Series AA, 5.50%, 06/15/39  

     8,205       8,223,863  
Security  

Par

(000)

     Value  

 

  
Transportation (continued)  

New Jersey Transportation Trust Fund Authority, RB (continued)

    

Series AA, 5.25%, 06/15/41

   $          5,000     $ 5,003,115  

Series AA, 4.00%, 06/15/45

     8,505       6,949,461  

Series AA, 5.00%, 06/15/45

     5,000       4,777,095  

Series AA, 4.00%, 06/15/50

     8,535       6,752,730  

Series B, 5.00%, 06/15/33

     2,450       2,487,245  

Series BB, 4.00%, 06/15/50

     16,115       12,749,882  

Series C, (AGM), 0.00%, 12/15/32(d)

     14,050       8,792,069  

Series C, (AMBAC), 0.00%, 12/15/35(d)

     8,300       4,121,548  

Series C, (AMBAC), 0.00%, 12/15/36(d)

     7,210       3,367,531  

Series D, 5.00%, 06/15/32

     3,300       3,321,932  

New Jersey Transportation Trust Fund Authority, RB, CAB, Series A, 0.00%, 12/15/35(d)

     6,000       2,969,172  

New Jersey Transportation Trust Fund Authority, Refunding RB

    

4.00%, 12/15/39

     4,795       4,111,171  

Series A, 5.00%, 06/15/31

     12,270       12,562,247  

Series A, 5.00%, 12/15/32

     7,815       7,962,086  

Series A, 4.00%, 06/15/35

     1,605       1,452,294  

Series A, 5.00%, 12/15/35

     2,000       2,002,640  

Series A, 4.00%, 06/15/36

     3,695       3,297,060  

Series A, 5.00%, 12/15/36

     500       496,200  

New Jersey Turnpike Authority, RB

    

Series A1, 5.00%, 01/01/35

     2,500       2,589,978  

Series E, 5.00%, 01/01/45

     8,720       8,782,147  

New Jersey Turnpike Authority, Refunding RB

    

Series A, (AGM), 5.25%, 01/01/29

     4,000       4,342,028  

Series A, (BHAC-CR AGM), 5.25%, 01/01/29

     500       547,161  

Series A, (AGM), 5.25%, 01/01/30

     4,000       4,376,552  

Series B, 5.00%, 01/01/40

     5,740       5,888,557  

Series G, 5.00%, 01/01/36

     5,000       5,203,010  
   

 

 

  
      196,055,302  
Utilities — 5.5%  

New Jersey Infrastructure Bank, RB

    

2.00%, 09/01/43

     1,640       933,524  

2.25%, 09/01/50

     4,030       2,072,355  

Passaic Valley Sewerage Commission, Refunding RB

    

Series J, (AGM), 3.00%, 12/01/40

     2,060       1,525,929  

Series J, (AGM), 3.00%, 12/01/41

     2,110       1,528,623  

Series J, (AGM), 3.00%, 12/01/42

     2,155       1,532,203  

Series J, (AGM), 3.00%, 12/01/43

     2,205       1,535,077  

Series J, (AGM), 3.00%, 12/01/44

     2,255       1,534,284  

Series J, (AGM), 3.00%, 12/01/45

     2,305       1,535,102  

Rahway Valley Sewerage Authority, RB(d)

    

Series A, (NPFGC), 0.00%, 09/01/26

     4,100       3,569,919  

Series A, (NPFGC), 0.00%, 09/01/28

     6,600       5,287,260  

Series A, (NPFGC), 0.00%, 09/01/29

     9,650       7,405,719  

Series A, (NPFGC), 0.00%, 09/01/31

     6,000       4,189,626  

Series A, (NPFGC), 0.00%, 09/01/33

     5,000       3,123,465  
   

 

 

  
      35,773,086  
   

 

 

  

Total Municipal Bonds in New Jersey

           920,372,889  
New York — 5.7%  
Transportation — 5.7%  

Port Authority of New York & New Jersey, ARB

    

Consolidated, 93rd Series, 6.13%, 06/01/94

     6,000       6,144,138  

Consolidated, 218th Series, AMT, 4.00%, 11/01/47

     5,000       4,172,880  

Consolidated, 221st Series, AMT, 4.00%, 07/15/50

     4,415       3,584,406  
 

 

3

Schedule of Investments (unaudited) (continued)

October 31, 2022

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  
Transportation (continued)  

Port Authority of New York & New Jersey, ARB (continued)

    

Series 221, AMT, 5.00%, 07/15/31

   $          6,750     $ 6,980,864  

Port Authority of New York & New Jersey, Refunding ARB

    

Consolidated, 206th Series, AMT, 5.00%, 11/15/42

     4,475       4,497,755  

Consolidated, 206th Series, AMT, 5.00%, 11/15/47

     5,000       4,998,060  

Series 178th, AMT, 5.00%, 12/01/33

     4,005       4,016,883  

Series 223, AMT, 4.00%, 07/15/41

     2,530       2,189,042  

Series 223, AMT, 4.00%, 07/15/46

     770       636,028  
   

 

 

  

Total Municipal Bonds in New York

       37,220,056  
Pennsylvania — 2.3%  
Transportation — 2.3%  

Delaware River Port Authority, RB

    

5.00%, 01/01/24(c)

     2,000       2,039,700  

5.00%, 01/01/37

     8,830       8,864,949  

5.00%, 01/01/40

     4,000       4,009,824  
   

 

 

  

Total Municipal Bonds in Pennsylvania

       14,914,473  
Puerto Rico — 4.9%  
State — 4.7%  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB

    

Series A-1, Restructured, 4.75%, 07/01/53

     2,808       2,349,004  

Series A-1, Restructured, 5.00%, 07/01/58

     12,716       10,878,805  

Series A-2, Restructured, 4.78%, 07/01/58

     2,906       2,409,806  

Series A-2, Restructured, 4.33%, 07/01/40

     12,863       10,914,641  

Series B-1, Restructured, 4.75%, 07/01/53

     638       531,048  

Series B-2, Restructured, 4.78%, 07/01/58

     618       509,790  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB, Series A-1, Restructured, 0.00%, 07/01/46(d)

       11,852       2,572,145  
   

 

 

  
            30,165,239  
Tobacco — 0.2%  

Children’s Trust Fund, Refunding RB

    

5.50%, 05/15/39

     760       755,896  

5.63%, 05/15/43

     790       789,959  
   

 

 

  
      1,545,855  
   

 

 

  

Total Municipal Bonds in Puerto Rico

       31,711,094  
   

 

 

  

Total Municipal Bonds — 155.4%

    

(Cost: $1,092,894,776)

       1,006,996,454  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

New Jersey — 5.5%  
County/City/Special District/School District — 1.8%  

Union County Utilities Authority, Refunding RB, Series A, 5.00%, 06/15/41  

     11,685       11,689,934  
   

 

 

  
Security  

Par

(000)

     Value  

 

  
Health — 0.7%  

New Jersey Health Care Facilities Financing Authority, RB, 4.00%, 07/01/47

   $          5,555     $ 4,596,980  
   

 

 

  
State — 3.0%  

Garden State Preservation Trust, RB, Series A, 5.75%, 11/01/28

     17,920       19,125,779  
   

 

 

  

Total Municipal Bonds in New Jersey

       35,412,693  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond
Trusts — 5.5%

 

  

(Cost: $35,674,822)

       35,412,693  
   

 

 

  
Total Long-Term Investments — 160.9%  

(Cost: $1,128,569,598)

       1,042,409,147  
   

 

 

  
    Shares        

 

  

Short-Term Securities

    
Money Market Funds — 3.9%  

BlackRock Liquidity Funds, MuniCash, Institutional Class, 1.83%(i)(j)

     25,513,883       25,511,332  
   

 

 

  

Total Short-Term Securities — 3.9%

    

(Cost: $25,511,332)

       25,511,332  
   

 

 

  

Total Investments — 164.8%

    

(Cost: $1,154,080,930)

       1,067,920,479  

Other Assets Less Liabilities — 2.9%

       18,498,599  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (3.4)%

 

     (22,172,415 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (64.3)%

 

     (416,322,678 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $     647,923,985  
   

 

 

  

 

(a) 

Security is collateralized by municipal bonds or U.S. Treasury obligations.

(b) 

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(c) 

U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.

(d) 

Zero-coupon bond.

(e) 

Issuer filed for bankruptcy and/or is in default.

(f) 

Non-income producing security.

(g) 

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.

(h) 

Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.

(i) 

Affiliate of the Fund.

(j) 

Annualized 7-day yield as of period end.

 

 

For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

 

S C H E D U L E   O F   I N V E S T M E N T S

   4

Schedule of Investments (unaudited) (continued)

October 31, 2022

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

                   
Affiliated Issuer   Value at
07/31/22		      Purchases
at Cost		      Proceeds
from Sales		     Net
Realized
Gain (Loss)		     Change in
Unrealized
Appreciation
(Depreciation)		     Value at
10/31/22		     

Shares

Held at
10/31/22

      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

   $  42,316,790      $ —      $  (16,784,272 )(a)    $ (11,003 )    $ (10,183 )    $ 25,511,332        25,513,883      $  155,777      $ —  
         

 

 

    

 

 

    

 

 

        

 

 

     

 

 

  

 

  (a) 

Represents net amount purchased (sold).

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

         
Description   Number of
Contracts		      Expiration
Date		      Notional
Amount (000)		      Value/
Unrealized
Appreciation
(Depreciation)		  

Short Contracts

           

10-Year U.S. Treasury Note

     227        12/20/22      $ 25,126      $ 447,513  

U.S. Long Bond

     254        12/20/22        30,702        1,236,337  

5-Year U.S. Treasury Note

     223        12/30/22        23,781        294,242  
          

 

 

  
           $     1,978,092  
          

 

 

  

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. 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 for identical assets or liabilities that the Fund has the ability to access;

 

  •  

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

 

  •  

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (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 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 Fund’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

                 

Municipal Bonds

   $ —        $ 1,006,996,454        $ —        $ 1,006,996,454  

Municipal Bonds Transferred to Tender Option Bond Trusts

     —          35,412,693          —          35,412,693  

Short-Term Securities

                 

Money Market Funds

     25,511,332          —          —          25,511,332  
 

 

 

       

 

 

       

 

 

       

 

 

  
  $      25,511,332        $  1,042,409,147        $                    —        $  1,067,920,479  
 

 

 

       

 

 

       

 

 

       

 

 

  

 

5

Schedule of Investments (unaudited) (continued)

October 31, 2022

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

 

Fair Value Hierarchy as of Period End (continued)

 

     Level 1        Level 2        Level 3        Total  

Derivative Financial Instruments(a)

                 

Assets

                 

Interest Rate Contracts

   $        1,978,092        $                    —        $                    —        $        1,978,092  
 

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

 

     Level 1        Level 2        Level 3        Total  

Liabilities

                 

TOB Trust Certificates

   $ —        $ (22,059,998 )       $ —        $ (22,059,998 ) 

VRDP Shares at Liquidation Value

     —          (417,100,000 )         —          (417,100,000 ) 
 

 

 

       

 

 

       

 

 

       

 

 

  
  $                  —        $  (439,159,998 )       $                  —        $  (439,159,998 ) 
 

 

 

       

 

 

       

 

 

       

 

 

  

Portfolio Abbreviation

 

AGM  

Assured Guaranty Municipal Corp.

AMBAC  

AMBAC Assurance Corp.

AMT  

Alternative Minimum Tax

ARB  

Airport Revenue Bonds

BAM  

Build America Mutual Assurance Co.

BAM-TCRS  

Build America Mutual Assurance Co.- Transferable Custodial Receipts

BHAC-CR  

Berkshire Hathaway Assurance Corp. - Custodian Receipt

CAB  

Capital Appreciation Bonds

COP  

Certificates of Participation

GO  

General Obligation Bonds

GTD  

GTD Guaranteed

HUD SECT 8  

U.S. Department of Housing and Urban Development Section 8

M/F  

Multi-Family

NPFGC  

National Public Finance Guarantee Corp.

RB  

Revenue Bond

S/F  

Single-Family

SAB  

Special Assessment Bonds

SAP  

Subject to Appropriations

SAW  

State Aid Withholding

SCH BD RES FD  

School Board Resolution Fund

 

 

S C H E D U L E   O F   I N V E S T M E N T S

   6