N-Q 1 d565458dnq.htm BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC. BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-08217

Name of Fund: BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniHoldings New York Quality Fund, Inc., 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2013

Date of reporting period: 05/31/2013

Item 1    –    Schedule of Investments

Schedule of Investments May 31, 2013 (Unaudited)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   (Percentages shown are based on Net Assets)

 

Municipal Bonds

    Par
(000)		      Value  

New York – 121.7%

      

Corporate – 3.3%

      

New York City Industrial Development Agency, Refunding RB, AMT:

      

Terminal One Group Association Project, 5.50%, 1/01/24(a)

    $ 1,500       $ 1,642,650   

Transportation Infrastructure Properties, LLC, Senior Series A, 5.00%, 7/01/28

      820         862,123   

New York Liberty Development Corp., RB, Goldman Sachs Headquarters,

      

5.25%, 10/01/35

      4,500         5,230,305   

New York State Energy Research & Development Authority, Refunding RB, Brooklyn Union Gas/Keyspan, Series A, AMT (NPFGC),

      

4.70%, 2/01/24

      3,340         3,553,092   

Suffolk County Industrial Development Agency, RB, AMT, Keyspan, Port Jefferson, Series A,

      

5.25%, 6/01/27

      4,355         4,368,936   
     

 

 

  
        15,657,106   
     

 

 

  

County/City/Special District/School District – 24.8%

      

City of New York, New York, GO:

      

Series A-1, 5.00%, 8/01/35

      2,350         2,635,642   

Sub-Series A-1, 4.00%, 10/01/34

      870         898,388   

Sub-Series A-1, 5.00%, 10/01/34

      1,630         1,855,885   

Sub-Series D-1, 5.00%, 10/01/33

      4,175         4,720,714   

City of New York, New York, GO, Refunding:

      

Series J, 5.00%, 8/01/25(b)

      4,545         5,442,365   

Series I, 5.00%, 8/01/32

      490         560,408   

Erie County Industrial Development Agency, RB, City School District of Buffalo Project, Series A,

      

5.25%, 5/01/31

      1,000         1,133,370   

Hudson New York Yards Infrastructure Corp., RB, Series A:

      

5.00%, 2/15/47

      2,350         2,457,019   

(AGC), 5.00%, 2/15/47

      7,370         7,729,066   

(AGM), 5.00%, 2/15/47

      7,530         7,896,862   

(NPFGC), 4.50%, 2/15/47

      14,505         14,780,305   

(NPFGC), 5.00%, 2/15/47

      1,500         1,568,310   

(NPFGC), 5.00%, 2/15/47

      305         319,860   

New York City Industrial Development Agency, RB, PILOT:

      

CAB, Yankee Stadium Project (AGC), 4.97%, 3/01/39(c)

      1,380         389,436   

Queens Baseball Stadium (AGC), 6.38%, 1/01/39

      800         915,592   

Queens Baseball Stadium (AMBAC), 5.00%, 1/01/31

      3,500         3,568,775   

Queens Baseball Stadium (AMBAC), 5.00%, 1/01/36

      8,140         8,243,459   

Yankee Stadium Project (NPFGC), 5.00%, 3/01/46

      9,500         9,698,835   

Yankee Stadium (NPFGC), 5.00%, 3/01/36

      2,200         2,264,262   

New York Convention Center Development Corp., RB, Hotel Unit Fee Secured (AMBAC):

      

5.00%, 11/15/44

      4,955         5,223,065   

5.00%, 11/15/30

      2,100         2,248,386   

5.00%, 11/15/35

      1,150         1,230,121   

New York Liberty Development Corp., Refunding RB:

      

4 World Trade Center Project, 5.00%, 11/15/31

      1,710         1,912,242   

4 World Trade Center Project, 5.75%, 11/15/51

      2,080         2,411,698   

7 World Trade Center Project, Class 2, 5.00%, 9/15/43

      2,780         2,979,882   

Sales Tax Asset Receivable Corp., Refunding RB, Series A, (AMBAC):

      

5.25%, 10/15/27

      2,500         2,644,225   

5.00%, 10/15/32

      17,175         18,072,565   

Syracuse Industrial Development Agency, Carousel Center Project, Series A (Syncora),

      

5.00%, 1/01/36

      3,100         3,139,401   
     

 

 

  
        116,940,138   
     

 

 

  

 

    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013   1

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   (Percentages shown are based on Net Assets)

 

Municipal Bonds

    Par
(000)		      Value  

New York (continued)

      

Education – 19.6%

      

Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp., Series A (AGM),

      

4.63%, 10/01/40

    $ 4,975       $ 5,264,694   

County of Onondaga, New York, RB, Syracuse University Project:

      

5.00%, 12/01/29

      1,135         1,299,620   

5.00%, 12/01/36

      1,100         1,237,621   

Dutchess County Local Development Corp., RB, Vassar College, Series A,

      

5.00%, 1/01/49

      2,000         2,153,300   

Madison County Capital Resource Corp., Refunding RB, Colgate University Project, Series A,

      

4.50%, 7/01/39

      300         323,973   

Madison County Industrial Development Agency, RB, Colgate University Project, Series A (AMBAC),

      

5.00%, 7/01/30

      4,000         4,180,920   

New York City Industrial Development Agency, Refunding RB, Nightingale-Bamford School (AMBAC),

      

5.25%, 1/15/17

      1,200         1,204,512   

New York City Trust for Cultural Resources, Refunding RB, Series A:

      

American Museum of Natural History (NPFGC), 5.00%, 7/01/36

      6,300         6,523,902   

Carnegie Hall, 4.75%, 12/01/39

      3,150         3,401,842   

Carnegie Hall, 5.00%, 12/01/39

      1,850         2,025,843   

Wildlife Conservation Society, 5.00%, 8/01/42

      1,590         1,783,805   

New York State Dormitory Authority, RB:

      

Convent of the Sacred Heart (AGM), 5.75%, 11/01/40

      1,770         2,030,066   

Fordham University, Series A, 5.00%, 7/01/28

      175         198,475   

Fordham University, Series A, 5.50%, 7/01/36

      1,375         1,564,008   

General Purpose, Series A, 4.50%, 3/15/35

      2,000         2,139,460   

Mount Sinai School of Medicine, 5.13%, 7/01/39

      1,000         1,080,920   

New York University, Series 1 (AMBAC), 5.50%, 7/01/40

      3,500         4,481,610   

New York University, Series B, 5.00%, 7/01/34

      400         451,080   

New York University, Series B, 5.00%, 7/01/42

      3,000         3,342,540   

New York University, Series C, 5.00%, 7/01/38

      2,000         2,216,780   

Siena College, 5.13%, 7/01/39

      1,345         1,454,591   

State University Dormitory Facilities, Series A, 5.00%, 7/01/35

      750         830,925   

State University Dormitory Facilities, Series A, 5.00%, 7/01/40

      1,500         1,635,120   

The New School (AGM), 5.50%, 7/01/43

      3,265         3,660,555   

New York State Dormitory Authority, Refunding RB:

      

Cornell University, Series A, 5.00%, 7/01/40

      1,000         1,120,650   

Mount Sinai School of Medicine at New York University (NPFGC), 5.00%, 7/01/35

      5,100         5,432,163   

New York University, Series A, 5.00%, 7/01/37

      4,180         4,740,705   

Rochester Institute of Technology, 4.00%, 7/01/31

      3,300         3,378,276   

Rochester Institute of Technology, 4.00%, 7/01/33

      1,605         1,609,815   

Rochester Institute of Technology, 5.00%, 7/01/38

      500         556,270   

Rochester Institute of Technology, 5.00%, 7/01/42

      750         831,945   

Rockefeller University, Series B, 4.00%, 7/01/38

      3,085         3,167,771   

Saint John’s University, Series A, 5.00%, 7/01/27

      370         424,645   

Saint John’s University, Series A, 5.00%, 7/01/28

      500         570,445   

Third General Resolution, State University Educational Facilities Issue, Series A, 5.00%, 5/15/29

      1,000         1,152,640   

 

2   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013    

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   (Percentages shown are based on Net Assets)

 

Municipal Bonds

    Par
(000)		      Value  

New York (continued)

      

Education (concluded)

      

Orange County Funding Corp., Refunding RB, Mount State Mary College, Series A:

      

5.00%, 7/01/37

    $ 715       $ 770,112   

5.00%, 7/01/42

      445         475,798   

St. Lawrence County Industrial Development Agency, RB, Clarkson University Project:

      

6.00%, 9/01/34

      300         352,851   

5.38%, 9/01/41

      125         139,385   

Tompkins County Development Corp., RB, Ithaca College Project, (AGM):

      

5.50%, 7/01/33

      500         567,510   

5.25%, 7/01/36

      700         776,034   

Tompkins County Industrial Development Agency, RB, Civic Facility Cornell University Project, Series A,

      

5.00%, 7/01/37

      500         564,055   

Troy Capital Resource Corp., Refunding RB, Rensselaer Polytechnic, Series A,

      

5.13%, 9/01/40

      4,050         4,384,368   

Westchester County Industrial Development Agency, RB, Purchase College Foundation Housing, Series A (AMBAC),

      

5.75%, 12/01/31

      7,000         7,053,830   
     

 

 

  
        92,555,430   
     

 

 

  

Health – 9.5%

      

Dutchess County Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC),

      

5.50%, 4/01/34

      500         552,920   

Monroe County Industrial Development Corp., Refunding RB:

      

Rochester General Hospital Project, Series A, 5.00%, 12/01/37

      1,180         1,283,203   

Unity Hospital of Rochester Project (FHA), 5.50%, 8/15/40

      3,925         4,411,464   

New York City Health & Hospital Corp., Refunding RB, Health System, Series A,

      

5.00%, 2/15/30

      1,800         1,991,772   

New York State Dormitory Authority, RB:

      

Healthcare, Series A, 5.00%, 3/15/38

      2,250         2,518,043   

Hudson Valley Hospital (BHAC), 5.00%, 8/15/36

      5,500         5,926,305   

Montefiore Hospital (NPFGC), 5.00%, 8/01/33

      1,000         1,049,130   

New York & Presbyterian Hospital (AGM), 5.00%, 8/15/14(d)

      3,895         4,114,133   

New York University Hospitals Center, Series A, 5.75%, 7/01/31

      2,680         3,109,979   

New York University Hospitals Center, Series A, 6.00%, 7/01/40

      1,800         2,080,098   

North Shore-Long Island Jewish Health System, Series A, 5.50%, 5/01/37

      1,825         2,036,025   

North Shore-Long Island Jewish Health System, Series C, 4.25%, 5/01/39

      1,250         1,281,700   

North Shore-Long Island Jewish Health System, Series D, 4.25%, 5/01/39

      1,500         1,543,740   

North Shore-Long Island Jewish Health System, Series D, 5.00%, 5/01/39

      480         526,248   

New York State Dormitory Authority, Refunding RB:

      

New York University Hospitals Center, Series A, 5.00%, 7/01/36

      1,000         1,066,390   

North Shore-Long Island Jewish Health System, Series A, 5.00%, 5/01/32

      2,000         2,202,920   

North Shore-Long Island Jewish Health System, Series A, 5.25%, 5/01/34

      7,375         8,314,796   

St. Luke’s Roosevelt Hospital (FHA), 4.90%, 8/15/31

      1,000         1,059,470   
     

 

 

  
        45,068,336   
     

 

 

  

Housing – 7.3%

      

Buffalo & Erie County Industrial Land Development Corp., Refunding RB, Buffalo State College Foundation Housing Corp. Project,

      

5.38%, 10/01/41

      1,000         1,115,110   

New York City Housing Development Corp., RB, AMT:

      

Series A-1-A, 5.00%, 11/01/30

      750         779,753   

 

    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013   3

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   (Percentages shown are based on Net Assets)

 

Municipal Bonds

    Par
(000)		      Value  

New York (continued)

      

Housing (concluded)

      

New York City Housing Development Corp., RB, AMT (concluded):

      

Series A-1-A, 5.45%, 11/01/46

    $ 1,335       $ 1,378,708   

Series C, 5.00%, 11/01/26

      1,250         1,293,350   

Series C, 5.05%, 11/01/36

      2,000         2,104,520   

Series H-1, 4.70%, 11/01/40

      1,000         1,018,340   

Series H-2-A, 5.20%, 11/01/35

      835         868,567   

Series H-2-A, 5.35%, 5/01/41

      600         632,454   

New York City Housing Development Corp., Refunding RB, Series L-2-A,

      

4.00%, 5/01/44

      4,000         3,882,320   

New York State Housing Finance Agency, RB:

      

Affordable Housing, Series E (SONYMA), 3.40%, 11/01/37

      4,755         4,477,165   

Affordable Housing, Series E (SONYMA), 3.50%, 11/01/42

      4,225         3,977,753   

St. Philip’s Housing, Series A, AMT (Fannie Mae), 4.65%, 11/15/38

      1,000         1,023,640   

New York State Mortgage Agency, RB:

      

49th Series, 4.00%, 10/01/43

      4,000         3,965,080   

Series 145, AMT, 5.13%, 10/01/37

      785         811,611   

New York State Mortgage Agency, Refunding RB, AMT:

      

Series 133, 4.95%, 10/01/21

      685         707,050   

Series 143, 4.90%, 10/01/37

      743         763,494   

Series 143 (NPFGC), 4.85%, 10/01/27

      2,000         2,087,360   

Series 97, 5.50%, 4/01/31

      425         425,506   

Series 143, 4.85%, 10/01/27

      1,085         1,123,745   

Yonkers Industrial Development Agency, RB, Monastery Manor Associates LP Project, AMT (SONYMA),

      

5.25%, 4/01/37

      2,000         2,091,880   
     

 

 

  
        34,527,406   
     

 

 

  

State – 12.7%

      

New York City Transitional Finance Authority, BARB:

      

Fiscal 2008, Series S-1, 4.50%, 1/15/38

      1,510         1,564,088   

Fiscal 2009, Series S-1 (AGC), 5.50%, 7/15/38

      4,000         4,599,040   

Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/33

      3,000         3,471,000   

Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/39

      1,250         1,446,250   

Series S-1, 4.00%, 7/15/42

      1,000         1,009,880   

Series S-2 (AGM), 5.00%, 1/15/37

      3,750         4,078,275   

Series S-2 (NPFGC), 4.25%, 1/15/34

      4,830         4,947,127   

New York City Transitional Finance Authority, RB, Future Tax Secured (NPFGC):

      

Series C, 5.00%, 2/01/14(d)

      1,830         1,887,883   

Series C, 5.00%, 2/01/33

      8,170         8,380,051   

Series E, 5.25%, 2/01/22

      45         45,183   

New York City Transitional Finance Authority, Refunding RB, Future Tax Secured, Series A (NPFGC),

      

5.00%, 11/15/26

      245         245,892   

New York State Dormitory Authority, ERB, Series C,

      

5.00%, 12/15/31

      2,320         2,580,350   

New York State Dormitory Authority, RB:

      

General Purpose, Series B, 5.00%, 3/15/42

      1,500         1,658,130   

General Purpose, Series E, 5.00%, 2/15/31

      2,645         3,014,930   

Master BOCES Program Lease (AGC), 5.00%, 8/15/28

      250         279,760   

Mental Health Facilities, Series B, 5.25%, 2/15/14(d)

      1,550         1,603,181   

Mental Health Services Facilities Improvement, Series B (AGM), 5.00%, 2/15/33

      4,500         4,947,120   

School Districts Financing Program, Series C (AGM), 5.00%, 10/01/37

      2,500         2,691,300   

New York State Dormitory Authority, Refunding RB:

      

School Districts Financing Program, Series A (AGM), 5.00%, 10/01/35

      450         486,779   

 

4   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013    

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   (Percentages shown are based on Net Assets)

 

Municipal Bonds

    Par
(000)		      Value  

New York (continued)

      

State (concluded)

      

New York State Dormitory Authority, Refunding RB (concluded):

      

School Districts Financing Program, Series A (AGM), 5.00%, 10/01/35

    $ 5,000       $ 5,408,650   

Secured Hospital, North General Hospital (Syncora), 5.75%, 2/15/17

      2,000         2,006,940   

New York State Urban Development Corp., RB, State Personal Income Tax:

      

Series A, 3.50%, 3/15/28

      1,660         1,714,880   

State Facilities & Equipment, Series A-1 (NPFGC), 5.00%, 3/15/14(d)

      2,000         2,074,720   
     

 

 

  
        60,141,409   
     

 

 

  

Tobacco – 3.9%

      

Tobacco Settlement Financing Corp. New York, RB, Series A-1, (AMBAC):

      

5.25%, 6/01/20

      5,000         5,020,200   

5.25%, 6/01/21

      13,275         13,328,498   
     

 

 

  
        18,348,698   
     

 

 

  

Transportation – 30.7%

      

Metropolitan Transportation Authority, RB:

      

Series 2008C, 6.50%, 11/15/28

      6,015         7,444,645   

Series A, 5.00%, 11/15/27

      1,000         1,141,360   

Series A, 5.00%, 11/15/30

      2,500         2,790,625   

Series C, 5.00%, 11/15/42(b)

      3,125         3,358,250   

Series C, 4.00%, 11/15/43(b)

      1,520         1,472,789   

Series D, 5.25%, 11/15/41

      2,250         2,477,160   

Series H, 5.00%, 11/15/25

      1,000         1,164,930   

Series H, 4.00%, 11/15/34

      2,295         2,255,985   

Metropolitan Transportation Authority, Refunding RB:

      

Series B, 5.00%, 11/15/34

      2,500         2,755,950   

Series F, 5.00%, 11/15/30

      3,160         3,563,153   

New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated:

      

5.00%, 12/15/41

      6,000         6,626,640   

5.25%, 12/15/43

      11,500         12,911,050   

New York State Thruway Authority, RB, Second General Highway and Bridge Trust Fund:

      

Series A (AMBAC), 5.00%, 4/01/26

      8,700         9,657,435   

Series B, 5.00%, 4/01/27

      1,000         1,127,900   

New York State Thruway Authority, General, Refunding, Series I:

      

4.13%, 1/01/42

      1,750         1,770,160   

5.00%, 1/01/42

      1,970         2,141,705   

New York State Thruway Authority, Refunding RB:

      

5.00%, 1/01/24

      1,000         1,185,240   

5.00%, 1/01/37

      3,315         3,639,572   

Series A, 5.00%, 4/01/32

      1,000         1,138,340   

Series F (AMBAC), 5.00%, 1/01/30

      5,000         5,273,550   

Series G (AGM), 4.75%, 1/01/29

      1,250         1,333,287   

Series G (AGM), 4.75%, 1/01/30

      1,030         1,094,035   

Series G (AGM), 5.00%, 1/01/32

      3,450         3,690,120   

Niagara Falls Bridge Commission, Refunding RB, Bridge System, Series A (AGC),

      

4.00%, 10/01/19

      1,600         1,749,376   

Port Authority of New York & New Jersey, RB:

      

Consolidated, 37th Series, AMT (AGM), 5.13%, 7/15/30

      2,500         2,620,350   

Consolidated, 163rd Series, 5.00%, 7/15/35

      2,500         2,786,175   

Special Project, JFK International Air Terminal 6, AMT (NPFGC), 5.75%, 12/01/22

      19,725         20,192,877   

Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 6.25%, 12/01/15

      7,830         8,459,767   

Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 5.90%, 12/01/17

      4,000         4,005,800   

 

    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013   5

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   (Percentages shown are based on Net Assets)

 

Municipal Bonds

    Par
(000)		      Value  

New York (concluded)

      

Transportation (concluded)

      

Port Authority of New York & New Jersey, Refunding RB, Consolidated, 177th Series, AMT:

      

3.50%, 7/15/35

    $ 1,600       $ 1,433,200   

4.00%, 1/15/43

      750         723,450   

Triborough Bridge & Tunnel Authority, RB(d):

      

Sub-Series A (NPFGC), 5.25%, 11/15/13

      6,000         6,136,800   

Subordinate (AMBAC), 5.00%, 11/15/13

      1,965         2,007,562   

Triborough Bridge & Tunnel Authority, Refunding RB:

      

General, Series A, 5.00%, 11/15/36

      1,000         1,135,370   

General, Series B, 5.00%, 11/15/31

      430         496,130   

General, Series B, 4.00%, 11/15/32

      500         526,560   

Series C, 5.00%, 11/15/38

      1,385         1,536,380   

Series E (NPFGC), 5.25%, 11/15/23

      3,650         3,664,855   

Series E (NPFGC), 5.00%, 11/15/32

      3,645         3,656,555   

Sub-Series A, 5.00%, 11/15/29

      875         1,009,164   

Sub-Series A, 5.00%, 11/15/28

      2,500         2,878,725   
     

 

 

  
        145,032,977   
     

 

 

  

Utilities – 9.9%

      

Long Island Power Authority, RB, Series A:

      

General (AGM), 5.00%, 5/01/36

      2,375         2,576,661   

(AMBAC), 5.00%, 9/01/29

      3,000         3,127,680   

Long Island Power Authority, Refunding RB:

      

General, Series A (AGC), 6.00%, 5/01/33

      1,500         1,779,180   

General, Series B (AGM), 5.00%, 12/01/35

      3,500         3,766,700   

Series A (AGC), 5.75%, 4/01/39

      1,000         1,168,990   

New York City Municipal Water Finance Authority, RB, Series B,

      

5.00%, 6/15/36

      3,500         3,826,200   

New York City Municipal Water Finance Authority, Refunding RB:

      

2nd General Resolution, Fiscal 2011, Series BB, 5.00%, 6/15/31

      1,000         1,131,760   

2nd Generation Resolution, Series FF, 5.00%, 6/15/31

      1,500         1,685,235   

Series A (AGM), 4.25%, 6/15/39

      1,700         1,757,324   

Series DD, 5.00%, 6/15/32

      5,750         6,498,478   

Series DD (AGM), 4.50%, 6/15/39

      2,500         2,566,825   

Series FF, 4.00%, 6/15/45

      1,975         1,957,344   

Series FF, 5.00%, 6/15/45

      2,100         2,287,866   

New York State Environmental Facilities Corp., RB, Long Island Water Corp. Project, Series A, AMT (NPFGC),

      

4.90%, 10/01/34

      6,000         6,073,020   

New York State Environmental Facilities Corp., Refunding RB, New York City Municipal Water Project, Revolving Funds, Series B,

      

5.00%, 6/15/36

      3,200         3,654,112   

New York State Power Authority, Refunding RB, Series A,

      

5.00%, 11/15/38

      2,580         2,901,287   
     

 

 

  
        46,758,662   
     

 

 

  

Total Municipal Bonds in New York

         575,030,162   
     

 

 

  

Guam – 1.3%

      

Transportation – 1.0%

      

Guam International Airport Authority, Refunding RB, General, Series C, AMT, (NPFGC):

      

5.25%, 10/01/21

      3,700         3,712,913   

5.25%, 10/01/22

      1,050         1,053,664   
     

 

 

  
        4,766,577   
     

 

 

  

 

6   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013    

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   (Percentages shown are based on Net Assets)

 

Municipal Bonds

    Par
(000)		      Value  

Guam (concluded)

      

Utility – 0.3%

      

Guam Power Authority, RB, Series A (AGM),

      

5.00%, 10/01/37

    $ 1,175       $ 1,237,522   
     

 

 

  

Total Municipal Bonds in Guam

         6,004,099   
     

 

 

  

Puerto Rico – 10.0%

      

Housing – 0.5%

      

Puerto Rico HFA, Refunding RB, Capital Fund Modernization, AMT,

      

5.13%, 12/01/27

      2,500         2,645,425   
     

 

 

  

State – 6.2%

      

Commonwealth of Puerto Rico, GO, Refunding (NPFGC):

      

Public Improvement, Series A, 5.50%, 7/01/20

      1,970         2,087,077   

Sub-Series C-7, 6.00%, 7/01/27

      1,400         1,469,776   

Sub-Series C-7, 6.00%, 7/01/28

      4,000         4,186,520   

Puerto Rico Infrastructure Financing Authority, RB, CAB Series A(c):

      

(AMBAC), 6.39%, 7/01/37

      2,200         484,154   

(AMBAC), 6.26%, 7/01/34

      9,300         2,534,808   

(NPFGC), 6.11%, 7/01/31

      10,280         3,461,790   

(NPFGC), 6.20%, 7/01/33

      5,500         1,612,270   

Puerto Rico Public Buildings Authority, Refunding RB, Government Facilities, Series M-3 (NPFGC),

      

6.00%, 7/01/28

      2,500         2,605,175   

Puerto Rico Sales Tax Financing Corp., RB, First Sub-Series A:

      

5.63%, 8/01/30

      1,000         1,029,150   

5.75%, 8/01/37

      3,000         3,233,250   

(AGM), 5.00%, 8/01/40

      1,905         1,970,304   

Puerto Rico Sales Tax Financing Corp., Refunding RB:

      

CAB, Series A (NPFGC), 5.57%, 8/01/41(c)

      11,000         2,339,920   

CAB, Series A (NPFGC), 5.61%, 8/01/43(c)

      2,500         471,175   

Senior, Series C, 5.25%, 8/01/40

      1,530         1,638,905   
     

 

 

  
        29,124,274   
     

 

 

  

Transportation – 2.8%

      

Puerto Rico Highway & Transportation Authority, RB, Series Y (AGM),

      

6.25%, 7/01/21

      5,025         5,945,178   

Puerto Rico Highway & Transportation Authority, Refunding RB (AGM):

      

Series AA, 4.95%, 7/01/26

      3,000         3,225,900   

Series CC, 5.50%, 7/01/29

      1,795         1,968,523   

Series CC, 5.50%, 7/01/31

      1,855         2,006,015   
     

 

 

  
        13,145,616   
     

 

 

  

Utilities – 0.5%

      

Puerto Rico Electric Power Authority, RB:

      

Series NN, 5.13%, 7/01/13(d)

      940         943,788   

Series RR (NPFGC), 5.00%, 7/01/24

      1,000         1,010,790   

Puerto Rico Electric Power Authority, Refunding RB, Series VV (NPFGC),

      

5.25%, 7/01/30

      500         506,180   
     

 

 

  
        2,460,758   
     

 

 

  

Total Municipal Bonds in Puerto Rico

         47,376,073   
     

 

 

  

Total Municipal Bonds – 133.0%

         628,410,334   
     

 

 

  

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts(e)

      

New York – 31.7%

      

County/City/Special District/School District – 12.0%

      

City of New York, New York, GO:

      

5.00%, 5/15/23

      6,800         7,090,768   

Sub-Series C-3 (AGC), 5.75%, 8/15/28(f)

      10,000         12,102,200   

Hudson New York Yards Infrastructure Corp., RB, Series A,

      

5.75%, 2/15/47

      5,999         6,920,223   

New York Convention Center Development Corp., RB, Hotel Unit Fee Secured (AMBAC),

      

5.00%, 11/15/35

      18,000         19,254,060   

New York Liberty Development Corporation, Refunding RB:

      

4 World Trade Center Project, 5.00%, 11/15/44

      2,000         2,149,680   

 

    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013   7

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   (Percentages shown are based on Net Assets)

 

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts(e)

    Par
(000)		      Value  

New York (continued)

      

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

      

New York Liberty Development Corporation, Refunding RB (concluded):

      

7 World Trade Center Project, Class 1, 4.00%, 9/15/35

    $ 2,010       $ 2,065,456   

7 World Trade Center Project, Class 1, 5.00%, 9/15/40

      2,610         2,905,948   

Sales Tax Asset Receivable Corp., Refunding RB, Series A (AMBAC),

      

5.00%, 10/15/32

      4,003         4,212,192   
     

 

 

  
        56,700,527   
     

 

 

  

Education – 5.8%

      

New York State Dormitory Authority, ERB,

      

5.75%, 3/15/36

      5,000         5,953,650   

New York State Dormitory Authority, LRB,

      

5.00%, 7/01/35

      4,448         4,977,260   

New York State Dormitory Authority, RB, New York University, Series A:

      

5.00%, 7/01/38

      5,498         6,094,578   

(AMBAC), 5.00%, 7/01/37

      2,999         3,273,506   

New York State Dormitory Authority, RB, State University Dormitory Facilities, Series A,

      

5.25%, 7/01/29

      5,000         5,644,900   

New York State Dormitory Authority, Refunding LRB, State University Dormitory Facilities, Series A,

      

5.00%, 7/01/42

      1,480         1,651,428   
     

 

 

  
        27,595,322   
     

 

 

  

Housing – 0.7%

      

New York State Mortgage Agency, Refunding RB, 48th Series, AMT,

      

3.70%, 10/01/38

      3,200         3,131,264   
     

 

 

  

State – 1.7%

      

New York State Dormitory Authority, RB, Mental Health Services Facilities, Series C, AMT (AGM),

      

5.40%, 2/15/33

      5,458         6,090,110   

New York City Transitional Finance Authority, RB, Future Tax Secured, Sub Series D-1,

      

5.00%, 11/01/38

      1,650         1,836,664   
     

 

 

  
        7,926,774   
     

 

 

  

Transportation – 8.2%

      

Metropolitan Transportation Authority, RB, Series A (NPFGC),

      

5.00%, 11/15/31

      7,002         7,745,703   

New York State Thruway Authority, Refunding RB:

      

5.00%, 1/01/37

      8,500         9,309,455   

Series G (AGM), 5.00%, 1/01/32

      12,000         12,835,200   

Port Authority of New York & New Jersey, RB,

      

5.00%, 10/15/25

      8,005         9,232,473   
     

 

 

  
        39,122,831   
     

 

 

  

Utilities – 3.3%

      

New York City Municipal Water Finance Authority, RB, Fiscal 2009, Series A,

      

5.75%, 6/15/40

      4,004         4,696,818   

New York City Municipal Water Finance Authority, Refunding RB, Second General Resolution:

      

Fiscal 2011, Series HH, 5.00%, 6/15/32

      7,151         8,062,528   

Series FF-2, 5.50%, 6/15/40

      2,399         2,802,679   
     

 

 

  
        15,562,025   
     

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts in New York

         150,038,743   
     

 

 

  

Puerto Rico – 1.8%

      

State – 1.8%

      

Puerto Rico Sales Tax Financing Corp., Refunding RB, Series C,

      

5.00%, 8/01/40

      8,000         8,432,480   
     

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts – 33.5%

         158,471,223   
     

 

 

  

Total Long-Term Investments

(Cost – $745,449,017) – 166.5%

         786,881,557   
     

 

 

  

Short-Term Securities

    Shares         

BIF New York Municipal Money Fund,

      

0.00%(g)(h)

      12,556,174         12,556,174   
     

 

 

  

Total Short-Term Securities
(Cost – $12,556,174) – 2.7%

         12,556,174   
     

 

 

  

 

8   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013    

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   (Percentages shown are based on Net Assets)

 

      Value  

Total Investments (Cost – $758,005,191*) – 169.2%

    $ 799,437,731   

Liabilities in Excess of Other Assets – (1.0%)

      (4,199,911 ) 

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable – (16.7%)

      (79,026,350 ) 

VRDP Shares, at Liquidation Value – (51.5%)

      (243,600,000 ) 
  

 

 

  

Net Assets Applicable to Common Shares – 100.0%

    $ 472,611,470   
  

 

 

  

 

* As of May 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

    $ 679,799,012   
  

 

 

  

Gross unrealized appreciation

    $ 47,141,051   

Gross unrealized depreciation

      (6,489,152 ) 
  

 

 

  

Net unrealized appreciation

    $ 40,651,899   
  

 

 

  

Notes to Schedule of Investments

 

(a) Variable rate security. Rate shown is as of report date.

 

(b) When-issued security. Unsettled when-issued transactions were as follows:

 

Counterparty

    Value      Unrealized
Appreciation
(Depreciation)		  

Bank of America Corp.

    $ 5,442,365       $ (73,675 ) 

JPMorgan Chase & Co.

    $ 4,831,039       $ 377   

 

(c) Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.

 

(d) US 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.

 

(e) Securities represent bonds transferred to a TOB in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction.

 

(f) All or a portion of security is subject to a recourse agreement, which may require the Fund to pay the liquidity provider in the event there is a shortfall between the TOB trust certificates and proceeds received from the sale of the security contributed to the TOB trust. In the case of a shortfall, the aggregate maximum potential amount the Fund could ultimately be required to pay under the agreement, which expires on February, 15, 2017, is $5,295,486.

 

(g) Investments in issuers considered to be an affiliate of the Fund during the period ended May 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate

    Shares Held at
August  31,
2012		      Net Activity      Shares Held at
May  31,
2013		      Income  

BIF New York Municipal Money Fund

      9,529,494         3,026,680         12,556,174       $ 409   

 

(h) Represents the current yield as of report date.

 

    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013   9

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

 

Portfolio Abbreviations

 

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list:  

AGC

   Assured Guarantee Corp.  

Fannie Mae

   Federal National Mortgage Association
 

AGM

   Assured Guaranty Municipal Corp.  

FHA

   Federal Housing Administration
 

AMBAC

   American Municipal Bond Assurance Corp.  

GO

   General Obligation Bonds
 

AMT

   Alternative Minimum Tax (subject to)  

HFA

   Housing Finance Authority
 

BARB

   Building Aid Revenue Bonds  

LRB

   Lease Revenue Bonds
 

BHAC

   Berkshire Hathaway Assurance Corp.  

NPFGC

   National Public Finance Guarantee Corp.
 

BOCES

   Board of Cooperative Educational Services  

PILOT

   Payment in Lieu of Taxes
 

CAB

   Capital Appreciation Bonds  

RB

   Revenue Bonds
 

ERB

   Education Revenue Bonds  

SONYMA

   State of New York Mortgage Agency
     

Syncora

   Syncora Guarantee

 

•  

Financial futures contracts as of May 31, 2013 were as follows:

 

Contracts Sold

    Issue      Exchange      Expiration      Notional Value      Unrealized
Appreciation		  

      (58)

      10-Year US Treasury Note         Chicago Board of Trade         September 2013       $ 7,494,688       $ 60,282   

 

10   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013    

Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

 

•  

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

 

•  

Fair Value Measurements – Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure 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)

 

  •  

Level 3 – unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s own assumptions used in determining the fair value of investments and derivative 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.

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument 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 investments and derivative financial instruments, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy as of May 31, 2013:

 

      Level 1      Level 2      Level 3      Total  

Assets:

           

Investments:

           

Long-Term Investments1

      –       $ 786,881,557         –       $ 786,881,557   

Short-Term Securities

    $ 12,556,174         –         –         12,556,174   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 12,556,174       $ 786,881,557         –       $ 799,437,731   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

1          See above Schedule of Investments for values in each sector.

   
     Level 1      Level 2      Level 3      Total  

Derivative Financial Instruments2

            

Assets:

           

Interest rate contracts

    $ 60,282         –         –       $ 60,282   

 

2 

Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

 

    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013   11

Schedule of Investments (concluded)    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

 

Certain of the Fund’s assets and liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of May 31, 2013, such assets and liabilities are categorized within the disclosure hierarchy as follows:

 

 

     Level 1      Level 2     Level 3      Total  

Assets:

          

Cash pledged for financial futures contracts

   $ 97,000         –        –       $ 97,000   

Liabilities:

          

TOB trust certificates

      –       $ (78,986,820 )      –         (78,986,820 ) 

VRDP shares

      –         (243,600,000 )      –         (243,600,000 ) 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

   $ 97,000       $ (322,586,820 )      –       $ (322,489,820 ) 
  

 

 

     

 

 

    

 

 

     

 

 

  

There were no transfers between levels during the period ended May 31, 2013.

 

12   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2013    

Item 2    –    Controls and Procedures
2(a)    –    The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.
2(b)    –    There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3    –    Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BlackRock MuniHoldings New York Quality Fund, Inc.

By:  

/s/ John M. Perlowski

    
  John M. Perlowski    
 

Chief Executive Officer (principal executive officer) of

BlackRock MuniHoldings New York Quality Fund, Inc.

    

Date: July 25, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:  

/s/ John M. Perlowski

    
  John M. Perlowski    
 

Chief Executive Officer (principal executive officer) of

BlackRock MuniHoldings New York Quality Fund, Inc.

    

Date: July 25, 2013

    
By:  

/s/ Neal J. Andrews

    
  Neal J. Andrews    
 

Chief Financial Officer (principal financial officer) of

BlackRock MuniHoldings New York Quality Fund, Inc.

    

Date: July 25, 2013