N-Q 1 d100272dnq.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: 08/31/2016

Date of reporting period: 11/30/2015


Item 1 – Schedule of Investments


Schedule of Investments November 30, 2015 (Unaudited)

  

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

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York — 135.0%

                

Corporate — 2.7%

    

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

    

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

   $ 1,500      $ 1,506,150   

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

     820        880,491   

New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35

     5,775        6,880,162   

State of New York Energy Research & Development Authority, Refunding RB, Brooklyn Union Gas/Keyspan, Series A, AMT (NPFGC),
4.70%, 2/01/24

     3,340        3,361,343   
    

 

 

 
               12,628,146   

County/City/Special District/School District — 29.0%

  

City of New York New York, GO, Fiscal 2014, Sub-Series D-1, 5.00%, 8/01/31

     945        1,109,638   

City of New York New York, GO, Refunding:

    

Fiscal 2012, Series I, 5.00%, 8/01/32

     490        566,705   

Series E, 5.00%, 8/01/32

     2,000        2,334,760   

Series E, 5.50%, 8/01/25

     5,500        6,898,595   

Series E, 5.00%, 8/01/30

     2,000        2,336,260   

City of New York New York, GO, Series E:

    

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

     2,350        2,713,192   

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

     4,175        4,855,024   

City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured:

    

5.00%, 11/15/40

     5,000        5,711,250   

4.00%, 11/15/45

     1,200        1,236,768   

5.00%, 11/15/45

     11,465        13,013,921   

City of New York New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City Housing Authority Program, Series B1:

    

5.25%, 7/01/32

     6,505        7,505,599   

5.00%, 7/01/33

     1,375        1,549,378   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

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

  

City of New York New York Industrial Development Agency, RB, PILOT:

    

CAB, Yankee Stadium Project, Series A (AGC),
0.00%, 3/01/39 (b)

   $ 1,380      $ 524,731   

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

     800        907,832   

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

     3,500        3,608,745   

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

     6,150        6,326,136   

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

     2,200        2,257,926   

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

     9,500        9,687,815   

City of New York New York Transitional Finance Authority Future Tax Secured, RB:

    

Sub-Series A-1, 5.00%, 11/01/38

     950        1,080,872   

Sub-Series B-1, 5.00%, 11/01/35

     2,100        2,422,224   

Sub-Series B-1, 5.00%, 11/01/36

     1,690        1,943,872   

Sub-Series B-1, 5.00%, 11/01/38

     1,455        1,688,135   

City of New York New York Transitional Finance Authority Future Tax Secured, Refunding RB, Series C,
5.00%, 11/01/30

     1,145        1,360,615   

Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB, Buffalo State College Foundation Housing Corp. Project, Series A,
5.38%, 10/01/41

     1,000        1,107,160   

County of Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A,
5.25%, 5/01/31

     1,000        1,160,550   

County of Erie New York Industrial Development Agency, Refunding RB, City School District of Buffalo Project,
5.00%, 5/01/28

     2,250        2,743,650   

Hudson Yards Infrastructure Corp., RB, Series A:

    

5.00%, 2/15/47

     2,350        2,443,671   

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

     305        317,758   

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

     7,370        7,678,287   

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

     7,530        7,844,980   
 

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015    1


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

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

  

Hudson Yards Infrastructure Corp., RB, Series A (continued):

    

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

   $ 11,905      $ 12,308,699   

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

     1,500        1,559,790   

New York Liberty Development Corp., Refunding RB:

    

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

     1,710        1,944,253   

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

     4,000        4,451,920   

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

     1,755        2,024,796   

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

     885        960,207   

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

     3,530        3,897,791   

Syracuse New York Industrial Development Agency, RB, PILOT, Carousel Center Project, Series A, AMT (Syncora), 5.00%, 1/01/36

     3,100        3,138,626   
    

 

 

 
               135,222,131   

Education — 24.3%

    

Albany Capital Resource Corp., Refunding RB, Albany College of Pharmacy and Health Sciences, Series A:

    

5.00%, 12/01/30

     250        282,660   

5.00%, 12/01/32

     100        112,733   

Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp., Series A (AGM), 4.63%, 10/01/40

     4,975        5,266,087   

Build New York City Resource Corp., Refunding RB, Series A, 5.00%, 6/01/43

     450        501,723   

City of New York Albany Capital Resource Corp., Refunding RB, Albany College of Pharmacy and Health Sciences, Series A, 4.00%, 12/01/34

     110        112,001   

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

    

American Museum of Natural History,
5.00%, 7/01/37

     1,775        2,036,120   

American Museum of Natural History,
5.00%, 7/01/41

     750        851,235   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Education (continued)

    

City of New York New York Trust for Cultural Resources, Refunding RB, Series A (continued):

    

Carnegie Hall, 4.75%, 12/01/39

   $ 3,150      $ 3,475,552   

Carnegie Hall, 5.00%, 12/01/39

     1,850        2,067,948   

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

     2,840        3,170,775   

City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project, Series A,
5.13%, 9/01/40

     5,535        6,198,923   

County of Madison New York Capital Resource Corp., RB, Colgate University Project, Series B:

    

5.00%, 7/01/40

     685        781,825   

5.00%, 7/01/43

     2,480        2,810,906   

County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A:

    

5.00%, 7/01/38

     1,240        1,407,115   

4.00%, 7/01/39

     605        625,449   

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

    

5.00%, 12/01/29

     1,135        1,324,942   

5.00%, 12/01/36

     1,100        1,265,528   

County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A:

    

5.00%, 7/01/37

     715        761,125   

5.00%, 7/01/42

     445        467,895   

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

    

6.00%, 9/01/34

     300        355,923   

5.38%, 9/01/41

     125        139,349   

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

    

5.50%, 7/01/33

     500        568,395   

5.25%, 7/01/36

     700        787,472   
 

 

                
2    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015   


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Education (continued)

    

County of Tompkins New York Industrial Development Agency, RB, Civic Facility Cornell University Project, Series A, 5.00%, 7/01/37

   $ 500      $ 571,195   

Dobbs Ferry Local Development Corp., RB, Mercy College Project, 5.00%, 7/01/39

     750        827,520   

State of New York Dormitory Authority, RB:

    

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

     1,770        2,066,670   

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

     175        199,637   

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

     1,375        1,627,739   

General Purpose, Series A, 5.00%, 2/15/36

     4,500        5,110,515   

New School (AGM), 5.50%, 7/01/43

     3,265        3,737,935   

New York University Mount Sinai School of Medicine, 5.13%, 7/01/19 (c)

     1,000        1,143,040   

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

     3,500        4,644,885   

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

     400        446,400   

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

     3,000        3,384,750   

New York University, Series C, 5.00%, 7/01/18 (c)

     2,000        2,206,420   

Series C, 5.00%, 12/15/16 (c)

     1,000        1,046,710   

Siena College, 5.13%, 7/01/39

     1,345        1,450,959   

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

     750        850,410   

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

     1,500        1,697,310   

State University Dormitory Facilities, Series A, 5.00%, 7/01/41

     1,500        1,710,060   

State of New York Dormitory Authority, Refunding RB:

    

3rd General Resolution, State University Educational Facilities Issue, Series A, 5.00%, 5/15/29

     1,000        1,170,020   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Education (continued)

    

State of New York Dormitory Authority, Refunding RB (continued):

    

Barnard College, Series A, 5.00%, 7/01/34

   $ 900      $ 1,039,239   

Barnard College, Series A, 4.00%, 7/01/37

     850        882,232   

Barnard College, Series A, 5.00%, 7/01/43

     1,500        1,697,520   

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

     1,000        1,136,240   

Fordham University, 5.00%, 7/01/44

     1,900        2,129,178   

Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 7/01/35

     1,200        1,348,596   

Icahn School of Medicine at Mount Sinai, Series A, 4.00%, 7/01/40

     1,000        1,017,530   

New York University Mount Sinai School of Medicine (NPFGC), 5.00%, 7/01/17 (c)

     4,500        4,797,270   

New York University, Series A, 5.00%, 7/01/31

     3,000        3,486,390   

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

     4,180        4,767,248   

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

     3,300        3,477,639   

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

     750        837,600   

St. John’s University, Series A, 5.00%, 7/01/37

     2,400        2,709,744   

State University Dormitory Facilities, Series A, 5.25%, 7/01/31

     4,755        5,610,187   

State University Dormitory Facilities, Series A, 5.25%, 7/01/32

     6,435        7,568,139   

State University Dormitory Facilities, Series A, 5.00%, 7/01/42

     1,490        1,678,232   
    

 

 

 
               113,446,840   

Health — 9.8%

    

City of New York New York Health & Hospital Corp., Refunding RB, Health System, Series A, 5.00%, 2/15/30

     1,800        1,983,168   
 

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015    3


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Health (continued)

    

County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC), 5.50%, 4/01/34

   $ 500      $ 567,910   

County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A, 5.00%, 12/01/37

     1,180        1,293,693   

County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%, 8/15/40

     5,925        6,909,379   

County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 7/01/32

     460        510,057   

County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien, Remarketing, Series A, 5.00%, 11/01/30

     1,340        1,476,814   

State of New York Dormitory Authority, RB:

    

Healthcare, Series A, 5.00%, 3/15/38

     2,250        2,500,403   

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

     5,500        5,835,665   

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

     1,000        1,003,550   

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

     2,680        3,071,387   

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

     1,800        2,053,728   

North Shore-Long Island Jewish Obligated Group, Series A, 5.50%, 5/01/19 (c)

     1,825        2,099,955   

North Shore-Long Island Jewish Obligated Group, Series C, 4.25%, 5/01/39

     1,000        1,039,840   

North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 5/01/39

     685        712,290   

State of New York Dormitory Authority, Refunding RB, Series A:

    

New York University Hospitals Center, 5.00%, 7/01/17 (c)

     1,000        1,064,740   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Health (continued)

    

State of New York Dormitory Authority, Refunding RB, Series A (continued):

    

North Shore-Long Island Jewish Obligated Group, 5.00%, 5/01/32

   $ 2,000      $ 2,198,660   

North Shore-Long Island Jewish Obligated Group, 5.00%, 5/01/32

     2,645        3,041,089   

North Shore-Long Island Jewish Obligated Group, 5.25%, 5/01/34

     7,375        8,179,686   
    

 

 

 
               45,542,014   

Housing — 1.9%

    

City of New York New York Housing Development Corp., RB, M/F Housing, AMT:

    

Series A-1-A, 5.00%, 11/01/30

     750        767,805   

Series A-1-A, 5.45%, 11/01/46

     1,335        1,357,215   

Series H-1, 4.70%, 11/01/40

     1,000        1,017,370   

Series H-2-A, 5.20%, 11/01/35

     835        853,378   

Series H-2-A, 5.35%, 5/01/41

     600        617,460   

City of New York New York Housing Development Corp., Refunding RB, M/F Housing, 8 Spruce Street, Class F, 4.50%, 2/15/48

     1,075        1,107,551   

City of Yonkers New York Industrial Development Agency, RB, Monastery Manor Associates LP Project, AMT (SONYMA), 5.25%, 4/01/37

     2,000        2,006,260   

State of New York HFA, RB, St. Philip’s Housing, Series A, AMT (Fannie Mae), 4.65%, 11/15/38

     1,000        1,005,660   
    

 

 

 
               8,732,699   

State — 20.1%

    

City of New York New York Transitional Finance Authority, BARB:

    

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

     1,510        1,548,399   

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

     4,000        4,422,320   

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

     3,000        3,385,980   
 

 

                
4    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015   


Schedule of Investments (continued)

  

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

 

Municipal Bonds    Par  
(000)
    Value  

New York (continued)

  

State (continued)

  

City of New York New York Transitional Finance Authority, BARB (continued):

    

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

   $ 1,250      $ 1,410,825   

Fiscal 2015, Series S-1, 5.00%, 7/15/43

     2,980        3,358,728   

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

     3,750        3,906,675   

Series S-2 (NPFGC), 4.25%, 1/15/34

     3,220        3,315,924   

Metropolitan Transportation Authority, RB, Dedicated Tax Fund, Series A (NPFGC), 5.00%, 11/15/31

     7,000        7,280,000   

Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund:

    

Series B, 5.00%, 11/15/34

     2,500        2,825,675   

Sub-Series B-1, 5.00%, 11/15/31

     4,000        4,636,200   

Sales Tax Asset Receivable Corp., Refunding RB, Series A, 4.00%, 10/15/32

     8,070        8,859,407   

State of New York Dormitory Authority, RB:

    

General Purpose, Series B, 5.00%, 3/15/37

     3,000        3,419,040   

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

     4,600        5,165,754   

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

     250        275,693   

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

     4,500        4,912,515   

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

     2,500        2,662,775   

Series B, 5.00%, 3/15/37

     1,500        1,754,235   

State Personal Income Tax, Series A, 5.00%, 2/15/43

     495        555,994   

State Supported Debt, Series A, 5.00%, 3/15/44

     4,850        5,515,226   

State of New York Dormitory Authority, Refunding RB:

    

School Districts Financing Program, Series A (AGM), 5.00%, 10/01/17 (c)

     450        484,115   
Municipal Bonds    Par  
(000)
    Value  

New York (continued)

  

State (continued)

  

State of New York Dormitory Authority, Refunding RB (continued):

    

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

   $ 5,000      $ 5,465,400   

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

     2,000        2,007,800   

Series E, 5.25%, 3/15/33

     1,000        1,202,810   

State of New York Thruway Authority, RB:

    

2nd General Highway & Bridge Trust, Series A (AMBAC), 5.00%, 4/01/16 (c)

     8,700        8,838,417   

2nd General Highway & Bridge Trust, Series B, 5.00%, 4/01/27

     1,000        1,067,950   

Transportation, Series A, 5.00%, 3/15/32

     2,740        3,166,234   

State of New York Urban Development Corp., RB, State Personal Income Tax, Series C, 5.00%, 3/15/32

     2,000        2,311,120   
    

 

 

 
               93,755,211   

Tobacco — 1.1%

  

County of Chautauqua New York Tobacco Asset Securitization Corp., Refunding RB, 4.75%, 6/01/39

     1,875        1,820,719   

County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 5/15/40

     1,500        1,672,125   

Niagara Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 5/15/34

     1,495        1,687,421   
    

 

 

 
               5,180,265   

Transportation — 30.0%

  

Metropolitan Transportation Authority, RB:

    

Series A, 5.00%, 11/15/27

     1,000        1,153,370   

Series A, 5.00%, 11/15/30

     3,000        3,461,070   

Series A-1, 5.25%, 11/15/33

     1,620        1,919,133   

Series A-1, 5.25%, 11/15/34

     1,620        1,912,766   

Series B, 5.25%, 11/15/44

     1,000        1,153,250   

Series C, 6.50%, 11/15/28

     6,015        6,961,641   

Series D, 5.25%, 11/15/41

     2,000        2,340,500   
 

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015    5


Schedule of Investments (continued)

  

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

 

Municipal Bonds    Par  
(000)
    Value  

New York (continued)

  

Transportation (continued)

  

Metropolitan Transportation Authority, RB (continued):

    

Series E, 5.00%, 11/15/38

   $ 8,750      $ 9,907,800   

Series E, 5.00%, 11/15/43

     1,000        1,123,330   

Series H, 5.00%, 11/15/25

     1,000        1,187,890   

Sub-Series B, 5.00%, 11/15/25

     1,000        1,198,650   

Metropolitan Transportation Authority, Refunding RB, Series D, 5.00%, 11/15/30

     885        1,032,919   

New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated, 5.25%, 12/15/43

     11,500        13,214,420   

Niagara Falls Bridge Commission, Refunding RB, Toll Bridge System, Series A (AGC), 4.00%, 10/01/19

     1,315        1,406,379   

Port Authority of New York & New Jersey, ARB:

    

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

     2,500        2,844,850   

Consolidated, 183rd Series, 4.00%, 6/15/44

     7,250        7,553,630   

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

     7,830        7,831,174   

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

     4,000        4,008,360   

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

     19,725        19,821,455   

Port Authority of New York & New Jersey, Refunding ARB:

    

178th Series, AMT, 5.00%, 12/01/33

     1,000        1,117,960   

179th Series, 5.00%, 12/01/38

     1,390        1,606,812   

Consolidated, 146th Series, AMT (AGM), 4.50%, 12/01/34

     4,000        4,079,920   

Consolidated, 147th Series, AMT, 4.75%, 4/15/37

     2,250        2,308,410   

Consolidated, 177th Series, AMT, 4.00%, 1/15/43

     285        287,631   
Municipal Bonds    Par  
(000)
    Value  

New York (continued)

  

Transportation (continued)

  

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

    

Consolidated, 178th Series, AMT, 5.00%, 12/01/43

   $ 750      $ 828,480   

Consolidated, 189th Series, 5.00%, 5/01/45

     2,305        2,640,055   

State of New York Thruway Authority, Refunding RB:

    

5.00%, 1/01/29

     1,750        2,078,562   

5.00%, 1/01/31

     1,000        1,175,390   

General, Series I, 5.00%, 1/01/37

     4,245        4,779,318   

General, Series I, 5.00%, 1/01/42

     4,270        4,771,938   

Series J, 5.00%, 1/01/41

     5,000        5,602,600   

Triborough Bridge & Tunnel Authority, RB, Series B:

    

5.00%, 11/15/40

     940        1,088,511   

5.00%, 11/15/45

     820        938,982   

Triborough Bridge & Tunnel Authority, Refunding RB:

    

General, CAB, Series B, 0.00%, 11/15/32 (b)

     9,170        4,993,799   

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

     1,000        1,144,320   

General, Series A, 5.25%, 11/15/45

     1,280        1,496,090   

General, Series A, 5.00%, 11/15/50

     3,000        3,395,790   

Series C, 5.00%, 11/15/38

     1,385        1,525,439   

Sub-Series A, 5.00%, 11/15/28

     2,500        2,940,275   

Sub-Series A, 5.00%, 11/15/29

     875        1,021,694   
    

 

 

 
               139,854,563   

Utilities — 16.1%

  

City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Series B, 5.00%, 6/15/36

     3,500        3,581,410   

City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution:

    

Fiscal 2010, Series FF, 5.00%, 6/15/31

     1,500        1,711,740   
 

 

                
6    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015   


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

  

Utilities (continued)

  

City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution (continued):

    

Fiscal 2011, Series BB, 5.00%, 6/15/31

   $ 1,000      $ 1,141,160   

Fiscal 2011, Series GG, 5.00%, 6/15/43

     2,070        2,357,150   

Fiscal 2015, Series HH, 5.00%, 6/15/39

     2,250        2,598,728   

Series DD, 5.00%, 6/15/32

     5,750        6,284,865   

Long Island Power Authority, RB, General, Electric Systems:

    

Series A (AGM), 5.00%, 5/01/36

     2,375        2,628,436   

Series B, 5.00%, 9/01/45 (d)

     780        873,163   

Long Island Power Authority, Refunding RB, Electric Systems:

    

General, Series A, 5.00%, 9/01/44

     1,285        1,431,220   

General, Series A (AGC), 6.00%, 5/01/19 (c)

     1,500        1,753,350   

General, Series B (AGM), 5.00%, 6/01/16 (c)

     3,500        3,582,495   

Series A (AGC), 5.75%, 4/01/39

     1,000        1,134,020   

New York City Water & Sewer System, Refunding RB, Water & Sewer System, 2nd General Resolution, Fiscal 2016, Series BB, 4.00%, 6/15/46

     2,735        2,820,414   

State of New York Environmental Facilities Corp., RB, Series B, Revolving Funds, Green Bonds, 5.00%, 9/15/40

     3,170        3,669,529   

State of New York Environmental Facilities Corp., Refunding RB:

    

Series A, 5.00%, 6/15/40

     1,545        1,794,162   

Series A, 5.00%, 6/15/45

     7,935        9,122,473   

Series B, Revolving Funds, New York City Municipal Water, 5.00%, 6/15/36

     3,200        3,699,232   

State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38

     2,580        2,884,956   

Utility Debt Securitization Authority, Refunding RB, Restructuring:

    

3.00%, 12/15/32

     2,755        2,750,895   

Series E, 5.00%, 12/15/41

     15,490        17,772,297   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

  

Utilities (continued)

  

Western Nassau County Water Authority, RB, Series A, 5.00%, 4/01/40

   $ 1,065      $ 1,201,192   
    

 

 

 
       74,792,887   
    

 

 

 
Total Municipal Bonds in New York        629,154,756   

Guam — 0.3%

  

Utilities — 0.3%

  

Guam Power Authority, RB, Series A (AGM), 5.00%, 10/01/37

     1,175        1,320,947   

Puerto Rico — 0.8%

  

Housing — 0.8%

  

Puerto Rico Housing Finance Authority, Refunding RB, M/F Housing, Subordinate, Capital Fund Modernization, 5.13%, 12/01/27

     3,300        3,552,681   
Total Municipal Bonds - 136.1%              634,028,384   
    
                  

Municipal Bonds Transferred to

Tender Option Bond Trusts (e)

            

New York — 23.5%

  

County/City/Special District/School District — 4.1%

  

City of New York New York, GO:

    

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

     10,000        11,329,200   

Sub-Series I-1, 5.00%, 3/01/36

     2,500        2,845,375   

City of New York New York Transitional Finance Authority, RB, Future Tax Secured, Sub-Series D-1, 5.00%, 11/01/38

     1,650        1,849,584   

New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 9/15/40

     2,610        2,995,784   
    

 

 

 
               19,019,943   

Education — 4.8%

  

City of New York New York Trust for Cultural Resources, Refunding RB, Wildlife Conservation Society, Series A, 5.00%, 8/01/33

     1,981        2,294,923   
 

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015    7


Schedule of Investments (continued)

  

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

 

Municipal Bonds Transferred to

Tender Option Bond Trusts (e)

  

Par  

(000)

    Value  

New York (continued)

  

Education (continued)

  

State of New York Dormitory Authority, LRB, State University Dormitory Facilities:

    

, 5.00%, 7/01/35

   $ 4,448      $ 5,080,723   

, 5.25%, 7/01/19 (c)

     5,000        5,583,500   

State of New York Dormitory Authority, RB, New York University, Series A (c):

    

5.00%, 7/01/18

     5,498        6,066,087   

(AMBAC), 5.00%, 7/01/17

     2,999        3,196,751   
    

 

 

 
               22,221,984   

State — 6.5%

  

Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (f)

     5,999        6,846,102   

Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 5.00%, 10/15/31

     7,380        8,781,905   

State of New York Dormitory Authority, ERB, Series B, 5.75%, 3/15/36

     5,000        5,721,500   

State of New York Dormitory Authority, RB, Series C:

    

General Purpose, 5.00%, 3/15/41

     2,500        2,882,225   

Mental Health Services Facilities, AMT (AGM), 5.40%, 2/15/33

     5,458        5,987,552   
    

 

 

 
               30,219,284   

Transportation — 4.8%

  

Port Authority of New York & New Jersey, ARB, Consolidated, 169th Series, AMT, 5.00%, 10/15/25

     8,005        9,362,074   

Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55

     3,405        3,926,408   

State of New York Thruway Authority, Refunding RB, General, Series H (AGM), 5.00%, 1/01/37

     8,500        9,121,350   
    

 

 

 
               22,409,832   

Utilities — 3.3%

  

City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Fiscal 2009, Series A, 5.75%, 6/15/40

     4,004        4,458,921   

Municipal Bonds Transferred to

Tender Option Bond Trusts (e)

  

Par  

(000)

    Value  

New York (continued)

  

Utilities (continued)

  

City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution:

    

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

   $ 7,151      $ 8,306,395   

Series FF-2, 5.50%, 6/15/40

     2,400        2,722,591   
    

 

 

 
       15,487,907   
    

 

 

 

Total Municipal Bonds Transferred to

Tender Option Bond Trusts — 23.5%

  

  

    109,358,950   

Total Long-Term Investments

(Cost — $692,130,178) — 159.6%

  

  

    743,387,334   
    
                  
Short-Term Securities — 3.1%    Shares     Value  

BIF New York Municipal Money Fund,
0.00% (g)(h)

     14,742,857        14,742,857   

Total Short-Term Securities

(Cost — $14,742,857) — 3.1%

  

  

    14,742,857   
Total Investments (Cost — $706,873,035*) — 162.7%        758,130,191   
Other Assets Less Liabilities — 1.5%        6,965,434   

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable — (11.9)%

   

    (55,598,698
VRDP Shares, at Liquidation Value — (52.3)%        (243,600,000
    

 

 

 
Net Assets Applicable to Common Shares — 100.0%      $ 465,896,927   
    

 

 

 

 

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

 

Tax cost

  $ 651,649,418   
 

 

 

 

Gross unrealized appreciation

  $ 51,696,831   

Gross unrealized depreciation

    (794,434
 

 

 

 

Net unrealized appreciation

  $ 50,902,397   
 

 

 

 
 

 

                
8    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015   


Schedule of Investments (continued)

  

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

 

 

Notes to Schedule of Investments

 

*   Cost for federal income tax purposes.

 

(a)   Variable rate security. Rate shown is as of period end.

 

(b)   Zero-coupon bond.

 

(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)   When-issued security.

 

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

 

(f)   All or a portion of security is subject to a recourse agreement, which may require the Trust 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 or in the event of a default on the security. In the case of a shortfall or default, the aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expire between February 15, 2017 to February 15, 2019, is $8,472,762.

 

(g)   During the period ended November 30, 2015, investments in issuers considered to be an affiliate of the Trust 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,
2015
       Net
Activity
       Shares Held
at November 30,
2015
      

Net

Income

 

BIF New York Municipal Money Fund

       3,034,667           11,708,190           14,742,857             

 

(h)   Represents the current yield as of period end.

For Trust compliance purposes, the Trust’s sector classifications refer to any 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 advisor. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

Portfolio Abbreviations

 

AGC    Assured Guarantee Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    American Municipal Bond Assurance Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
BARB    Building Aid Revenue Bonds
BHAC    Berkshire Hathaway Assurance Corp.
BOCES    Board of Cooperative Educational Services
CAB    Capital Appreciation Bonds
EDC    Economic Development Corp.
ERB    Education Revenue Bonds
FHA    Federal Housing Administration
GO    General Obligation Bonds
HFA    Housing Finance Agency
LRB    Lease Revenue Bonds
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
PILOT    Payment in Lieu of Taxes
RB    Revenue Bonds
SONYMA    State of New York Mortgage Agency
Syncora    Syncora Guarantee

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015    9


Schedule of Investments (continued)

  

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

 

Derivative Financial Instruments outstanding as of Period End      

Financial Futures Contracts

 

Contracts
Short
    Issue   Expiration   Notional
Value
    Unrealized
(Depreciation)
 
  (44   10-Year U.S. Treasury Note   March 2016   $ 5,563,250      $ (11,064
  (21   Long U.S. Treasury Bond   March 2016   $ 3,234,000        (10,530
  (4   Ultra U.S. Treasury Bond   March 2016   $ 633,750        (2,568
  (25   5-Year U.S. Treasury Note   March 2016   $ 2,966,992        (427
  Total            $ (24,589
       

 

 

 

 

Fair Value Hierarchy as of period end      

Various inputs are used in determining the fair value of investments and derivative 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 Trust 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 Trust’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. The significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments are typically categorized as Level 3.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value 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 investments and derivative 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 investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

The following tables summarize the Trust ‘s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

     Level 1        Level 2        Level 3        Total  

Assets:

                
Investments:                 

Long-Term Investments 1

            $ 743,387,334                   $ 743,387,334   

Short-Term Securities

  $ 14,742,857                               14,742,857   
 

 

 

 

Total

  $ 14,742,857         $ 743,387,334                   $ 758,130,191   
 

 

 

 

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

                

 

                
10    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015   


Schedule of Investments (concluded)

  

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

 

     Level 1      Level 2      Level 3      Total
Derivative Financial Instruments1                         

Liabilities:

                        

Interest Rate Contracts

    $ (24,589 )        $          $          $ (24,589 )

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

 

The Trust 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 disclosure hierarchy as follows:

       

   

     Level 1      Level 2      Level 3      Total

Assets:

                        

Cash pledged for financial futures contracts

    $ 169,850          $          $          $ 169,850  

Liabilities:

                        

TOB Trust Certificates

    $          $ (55,578,376 )        $          $ (55,578,376 )

VRDP Shares

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

 

 

        

 

 

        

 

 

        

 

 

 

Total

    $ 169,850          $ (299,178,376 )        $          $ (299,008,526 )
   

 

 

        

 

 

        

 

 

        

 

 

 

During the period ended November 30, 2015, there were no transfers between levels.

  

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2015    11


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:    January 22, 2016

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:    January 22, 2016
By:    /s/ Neal J. Andrews                    
   Neal J. Andrews
   Chief Financial Officer (principal financial officer) of
   BlackRock MuniHoldings New York Quality Fund, Inc.
Date:    January 22, 2016