NPORT-EX 2 NPORT_LCQH_55076709_0422.htm BlackRock MuniHoldings New Jersey Quality Fund

Schedule of Investments (unaudited)

April 30, 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     $ 3,218,770  
   

 

 

  
New Jersey — 125.2%            
Corporate — 2.6%            

New Jersey Economic Development Authority, RB

    

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

    950       1,027,173  

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

    1,415       1,559,923  

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

     1,730       1,762,022  

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

     5,000       5,092,550  

New Jersey Economic Development Authority, Refunding RB

    

3.38%, 04/01/38

     4,040       3,746,005  

3.50%, 04/01/42

     3,030       2,820,367  

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

    2,980       2,803,241  
   

 

 

  
      18,811,281  
County/City/Special District/School District — 15.4%  

Casino Reinvestment Development Authority, Inc., Refunding RB
5.25%, 11/01/39

       13,410         13,849,526  

5.25%, 11/01/44

     15,755       16,237,828  

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

    7,910       8,666,315  

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

     1,700       1,460,315  

County of Mercer New Jersey, Refunding GO, 2.38%, 02/15/30

     3,040       2,826,863  

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

     2,840       3,177,480  

Essex County Improvement Authority, RB, (GTD), 4.00%, 11/01/49

     1,040       1,061,133  

Essex County Improvement Authority, Refunding RB

    

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

     250       287,204  

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

     9,380       10,997,262  

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

     8,505       10,140,622  

Ewing Township Board of Education, GO

    

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

     2,660       2,768,871  

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

     2,420       2,515,849  

Gloucester County Improvement Authority, RB

    

(BAM), 4.00%, 07/01/46

     840       849,601  

(BAM), 4.00%, 07/01/51

     1,165       1,178,392  

Hudson County Improvement Authority, RB, 4.00%, 10/01/51

     3,500       3,476,641  

Hudson County Improvement Authority, RB, CAB,

    

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

    1,000       690,414  

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

     4,880       5,237,753  

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

     2,480       2,601,185  

Middlesex County Improvement Authority, RB,

    

Series B, 6.25%, 01/01/37

     2,350       47,000  

Monmouth County Improvement Authority, RB

    

Series B, (GTD), 4.00%, 12/01/37

     500       525,116  

Series B, (GTD), 4.00%, 12/01/38

     510       534,238  
Security  

Par

(000)

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

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

  $   2,750     $ 2,937,448  

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

    3,065       3,160,441  

Series KK, 5.00%, 09/01/22(c)

    325       328,714  

Series QQQ, 4.00%, 06/15/50

     3,725       3,463,460  

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

     3,753       3,992,485  

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

     4,567       4,814,341  

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

    1,175       1,239,424  

Union County Improvement Authority, RB, (GTD), 5.00%, 05/01/42(c)

    2,320       2,320,000  

Union County Utilities Authority, Refunding RB,

    

Series A, AMT, (GTD), 5.25%, 12/01/31

     1,310       1,324,018  
   

 

 

  
        112,709,939  
Education — 21.1%            

Atlantic County Improvement Authority, RB, Series A,

    

(AGM), 4.00%, 07/01/46

     2,250       2,264,676  

Clifton Board of Education, GO

    

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

     6,150       4,324,840  

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

     6,150       4,183,740  

Gloucester County Improvement Authority, RB 5.00%, 07/01/44

     1,985       2,069,831  

Series A, 5.00%, 07/01/31

     1,950       2,079,755  

Series A, 5.00%, 07/01/32

     1,775       1,889,227  

Series A, 5.00%, 07/01/33

     2,250       2,387,941  

Series A, 5.00%, 07/01/34

     1,200       1,270,664  

New Jersey Economic Development Authority, RB 6.00%, 10/01/33

     4,600       4,782,063  

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

    330       332,851  

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

    150       152,084  

Series A, 5.00%, 01/01/35

     2,000       2,025,212  

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

    1,030       1,038,451  

Series A, 5.00%, 07/01/38

     350       357,830  

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

    440       467,553  

Series A, 5.00%, 07/01/47

     1,235       1,241,063  

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

    1,685       1,686,604  

Series A, 5.00%, 12/01/48

     4,475       4,680,237  

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

    970       972,734  

Series A, 5.00%, 07/01/50

     905       911,354  

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

    2,490       2,630,548  

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

    730       725,905  

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

    4,040       3,757,709  

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

    460       497,534  

New Jersey Economic Development Authority, Refunding RB

    

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

     6,270       6,873,400  

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

     810       883,492  

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

    210       208,499  

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

    630       636,343  

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

    805       813,427  

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

    1,070       1,080,185  

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

    555       560,239  

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

    1,700       1,694,810  

New Jersey Educational Facilities Authority, RB

    

Series A, 5.00%, 07/01/45

     2,420       2,614,573  
 

 

 

1  

Schedule of Investments (unaudited) (continued)

April 30, 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, RB (continued)

    

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

   $ 1,060     $ 907,999  

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

     895       905,109  

New Jersey Educational Facilities Authority, Refunding RB

    

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

     2,050       2,215,859  

Series A, 5.00%, 07/01/39

       15,555         16,101,789  

Series A, 5.00%, 07/01/44

     14,500       14,927,605  

Series A, 4.00%, 07/01/47

     2,100       2,039,930  

Series B, 5.00%, 07/01/42

     690       693,889  

Series D, 5.00%, 07/01/38

     1,000       1,016,356  

Series D, 5.00%, 07/01/43

     600       608,343  

New Jersey Higher Education Student Assistance Authority, RB

    

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

     915       930,951  

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

     280       280,999  

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

     740       746,530  

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

     190       190,412  

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

     935       943,014  

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

     920       928,302  

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

     300       300,389  

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

     180       173,799  

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

     1,885       1,895,886  

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

     680       684,713  

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

     595       600,626  

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

     3,210       3,009,625  

New Jersey Higher Education Student Assistance Authority, Refunding RB

    

1st Series, AMT, 5.50%, 12/01/26

     585       585,078  

1st Series, AMT, 5.75%, 12/01/29

     2,205       2,205,280  

Series 1, AMT, 5.38%, 12/01/24

     485       485,072  

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

     6,165       5,610,643  

Series B, AMT, 4.00%, 12/01/41(f)

    3,265       3,187,913  

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

     1,925       1,536,164  

Series C, AMT, Subordinate, 5.00%, 12/01/52(f)

    3,705       3,827,506  

New Jersey Institute of Technology, RB

    

Series A, 5.00%, 07/01/22(c)

    2,455       2,469,556  

Series A, 5.00%, 07/01/40

     3,000       3,127,299  

Series A, 5.00%, 07/01/45

     12,000       12,454,656  

Newark Board of Education, Refunding GO

    

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

     700       638,443  

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

     120       109,003  

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

     1,500       1,302,621  

Sustainability Bonds, (BAM), 5.00%, 07/15/28

     160       178,446  

Sustainability Bonds, (BAM), 5.00%, 07/15/29

     160       180,373  

Sustainability Bonds, (BAM), 5.00%, 07/15/30

     165       187,821  

Sustainability Bonds, (BAM), 5.00%, 07/15/31

     200       229,626  

Sustainability Bonds, (BAM), 5.00%, 07/15/32

     210       240,839  

Sustainability Bonds, (BAM), 5.00%, 07/15/33

     250       285,109  

Sustainability Bonds, (BAM), 4.00%, 07/15/34

     215       224,455  

Sustainability Bonds, (BAM), 4.00%, 07/15/35

     215       223,430  

Sustainability Bonds, (BAM), 4.00%, 07/15/36

     215       222,584  

Sustainability Bonds, (BAM), 4.00%, 07/15/37

     225       232,053  
Security  

Par

(000)

     Value  
Education (continued)            

Newark Board of Education, Refunding GO (continued)

    

Sustainability Bonds, (BAM), 3.00%, 07/15/42

   $ 700     $ 600,348  

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

    1,565       1,608,160  
   

 

 

  
      154,149,977  
Health — 8.3%            

Camden County Improvement Authority, Refunding RB

    

5.00%, 02/15/33

     2,000       2,067,876  

5.00%, 02/15/34

     590       609,135  

Middlesex County Improvement Authority, RB, AMT,

    

(AMBAC), 5.50%, 09/01/30

     460       461,026  

New Jersey Economic Development Authority, Refunding RB
5.00%, 01/01/34

     1,230       1,314,144  

5.00%, 01/01/39

     1,230       1,308,560  

New Jersey Health Care Facilities Financing Authority, RB

    

5.00%, 07/01/42

     3,955       4,195,745  

4.00%, 07/01/44

     4,930       4,868,893  

2.38%, 07/01/46

     3,735       2,656,463  

3.00%, 07/01/51

     1,895       1,545,272  

4.00%, 07/01/51

     2,900       2,856,341  

Series A, 5.50%, 07/01/43

     9,505       9,773,745  

New Jersey Health Care Facilities Financing Authority, Refunding RB

    

5.00%, 07/01/25

     1,000       1,004,983  

5.00%, 07/01/26

     3,720       3,737,328  

5.00%, 07/01/28

     3,000       3,117,825  

5.00%, 07/01/29

     715       742,944  

5.00%, 07/01/34

     2,190       2,350,634  

5.00%, 07/01/39

     4,355       4,631,111  

4.00%, 07/01/41

     3,000       2,974,941  

Series A, 4.00%, 07/01/43

     3,500       3,469,358  

Series A, 5.00%, 07/01/43

       6,385       6,858,524  
   

 

 

  
        60,544,848  
Housing — 4.7%            

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

     1,920       1,922,152  

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

    

Series H, 2.15%, 10/01/41

     3,070       2,312,566  

Series H, 2.30%, 10/01/46

     2,305       1,666,688  

Series H, 2.40%, 04/01/52

     2,305       1,638,249  

New Jersey Housing & Mortgage Finance Agency, Refunding RB

    

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

     3,120       3,121,017  

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

     3,795       3,695,829  

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

    

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

     1,150       950,856  

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

     860       652,814  

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

     1,150       878,019  

Series A, 4.00%, 11/01/48

     675       639,182  
 

 

 

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)

April 30, 2022

   

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

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Housing (continued)            

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

    

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

   $ 780     $ 573,274  

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

     1,150       844,443  

Series A, 4.10%, 11/01/53

     400       395,678  

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

     780       549,636  

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

     1,150       819,343  

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

     1,750       1,734,761  

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

     1,000       971,236  

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

    

Series A, 3.75%, 10/01/35

     5,475       5,410,110  

Series E, 2.25%, 10/01/40

     2,620       2,088,368  

Series E, 2.40%, 10/01/45

     2,020       1,550,310  

Newark Housing Authority Scholarship Foundation A New Jersey Non, RB, M/F Housing, Series A, 5.00%, 12/01/30

     2,000       2,053,800  
   

 

 

  
      34,468,331  
State — 29.5%            

Garden State Preservation Trust, RB, CAB(d)

   

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

       17,185         16,458,057  

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

     10,000       8,886,210  

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

     6,000       5,119,968  

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

     4,000       3,279,920  

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

     4,540       3,572,903  

New Jersey Economic Development Authority, RB
4.00%, 06/15/49

     5,310       4,941,231  

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

     1,785       1,876,886  

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

     7,915       8,488,933  

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

     8,415       9,152,188  

Series B, 5.00%, 06/15/35

     3,750       3,975,716  

Series B, 5.00%, 06/15/43

     3,470       3,669,803  

Series EEE, 5.00%, 06/15/43

     9,845       10,411,875  

Series WW, 5.25%, 06/15/33

     380       395,517  

Series WW, 5.00%, 06/15/34

     5,500       5,667,134  

Series WW, 5.00%, 06/15/36

     3,115       3,211,310  

Series WW, 5.25%, 06/15/40

     7,915       8,239,143  

New Jersey Economic Development Authority, Refunding RB

    

5.00%, 06/15/22(c)

    16,360       16,427,101  

(AGM), 5.00%, 06/15/22(a)

    3,690       3,705,077  

4.00%, 07/01/46

     5,025       5,076,089  

Series N-1, (AMBAC), 5.50%, 09/01/26

     1,400       1,537,193  

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

     1,000       1,109,027  

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

    5,000       5,123,240  

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

     5,000       4,987,520  

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

     5,050       5,302,313  

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

     8,570       8,470,785  

New Jersey Educational Facilities Authority, RB

    

Series A, 4.00%, 09/01/28

     9,705       9,838,376  

Series A, 5.00%, 09/01/32

     4,000       4,106,544  

Series A, 5.00%, 09/01/33

     5,370       5,492,517  

South Jersey Port Corp., ARB

    

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

     3,000       3,170,412  

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

     9,120       9,580,314  

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

     5,825       4,373,882  

Series A, 5.00%, 06/01/29

     2,005       2,238,426  
Security  

Par

(000)

     Value  
State (continued)            

State of New Jersey, GO (continued)

    

Series A, 4.00%, 06/01/31

   $ 6,680     $ 6,986,151  

Series A, 4.00%, 06/01/32

     20,265       21,117,832  
   

 

 

  
      215,989,593  
Tobacco — 6.6%            

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/46

     10,000       10,453,660  

Series A, 5.25%, 06/01/46

     3,555       3,766,622  

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

     31,690       33,639,315  
   

 

 

  
      47,859,597  
Transportation — 31.7%            

New Brunswick Parking Authority, Refunding RB, Series B, (AGM MUN GOVT GTD), 3.00%, 09/01/39

     2,500       2,181,362  

New Jersey Economic Development Authority, RB

    

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

     1,000       1,040,068  

AMT, 5.13%, 01/01/34

     2,290       2,339,654  

AMT, 5.38%, 01/01/43

       23,510         24,052,658  

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

     2,750       2,955,645  

New Jersey Transportation Trust Fund Authority, RB
4.00%, 06/15/36

     2,565       2,521,097  

5.00%, 06/15/36

     3,750       4,063,999  

4.00%, 06/15/46

     1,350       1,273,632  

4.00%, 06/15/50

     2,475       2,312,707  

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

     1,205       1,278,683  

Series A, 5.00%, 06/15/30

     4,250       4,550,934  

Series AA, 5.25%, 06/15/33

     5,690       5,840,421  

Series AA, 5.25%, 06/15/34

     1,305       1,354,105  

Series AA, 5.00%, 06/15/38

     11,830       12,081,257  

Series AA, 5.50%, 06/15/39

     8,205       8,388,833  

Series AA, 5.25%, 06/15/41

     5,000       5,181,980  

Series AA, 4.00%, 06/15/45

     6,300       5,976,048  

Series AA, 4.00%, 06/15/50

     6,100       5,684,761  

Series B, 5.00%, 06/15/33

     2,450       2,595,594  

Series BB, 4.00%, 06/15/50

     6,015       5,703,309  

Series D, 5.00%, 06/15/32

     3,300       3,400,917  

New Jersey Transportation Trust Fund Authority, RB, CAB(d)

   

Series A, 0.00%, 12/15/35

     6,000       3,298,476  

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

     14,050       9,358,789  

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

     8,300       4,562,892  

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

     7,210       3,768,602  

New Jersey Transportation Trust Fund Authority, Refunding RB
4.00%, 12/15/39

     1,165       1,126,490  

Series A, 5.00%, 06/15/26

     700       753,285  

Series A, 5.00%, 06/15/31

     13,520       14,380,315  

Series A, 5.00%, 06/15/32

     1,250       1,361,409  

Series A, 5.00%, 12/15/32

     7,815       8,291,731  

Series A, 4.00%, 06/15/34

     3,450       3,414,703  

Series A, 4.00%, 06/15/35

     6,855       6,770,094  

Series A, 5.00%, 12/15/35

     2,000       2,121,776  

Series A, 5.00%, 12/15/36

     500       530,914  

Series A, 5.00%, 06/15/42

     11,885       11,930,615  

Series AA, 5.00%, 06/15/33

     3,000       3,011,514  

New Jersey Turnpike Authority, RB

    

Series A, 5.00%, 07/01/22(c)(g)

    7,015       7,056,653  

Series A1, 5.00%, 01/01/35

     2,500       2,721,252  

Series E, 5.00%, 01/01/45

     8,720       9,015,652  
 

 

 

3  

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

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

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Transportation (continued)            

New Jersey Turnpike Authority, Refunding RB

    

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

   $   4,000     $ 4,557,880  

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

     500       576,560  

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

     4,000       4,622,516  

Series B, 5.00%, 01/01/34

     3,450       3,815,048  

Series B, 5.00%, 01/01/40

     5,740       6,197,088  

Series G, 5.00%, 01/01/36

     5,000       5,490,085  

Series G, 4.00%, 01/01/43

     4,765       4,774,701  

South Jersey Transportation Authority, RB, Series A, 5.00%, 11/01/45

     3,440       3,767,082  
   

 

 

  
        232,053,786  
Utilities — 5.3%            

New Jersey Infrastructure Bank, RB
2.00%, 09/01/43

     1,640       1,192,344  

2.25%, 09/01/50

     4,030       2,793,846  

Passaic Valley Sewerage Commission, Refunding RB

    

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

     2,060       1,755,668  

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

     2,110       1,771,218  

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

     2,155       1,781,907  

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

     2,205       1,792,718  

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

     2,255       1,801,779  

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

     2,305       1,817,292  

Rahway Valley Sewerage Authority, RB, CAB(d)

   

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

     4,100       3,609,558  

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

     6,600       5,409,829  

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

     9,650       7,609,922  

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

     6,000       4,346,520  

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

     5,000       3,308,955  
   

 

 

  
      38,991,556  
   

 

 

  

Total Municipal Bonds in New Jersey

       915,578,908  
New York — 8.8%            
Transportation — 8.8%            

Port Authority of New York & New Jersey, ARB

    

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

     6,000       6,357,846  

Consolidated, 218th Series, AMT, 4.00%, 11/01/34

     4,925       4,979,805  

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

     7,455       7,106,717  

Consolidated, 221st Series, AMT, 4.00%, 07/15/45

     4,330       4,142,987  

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

     6,750       7,538,083  

Port Authority of New York & New Jersey, Refunding ARB

    

Consolidated, 172nd Series, AMT, 5.00%, 10/01/34

     2,500       2,503,773  

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

     4,475       4,711,383  

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

     5,000       5,257,430  

Series 178th, AMT, 5.00%, 12/01/33

     4,005       4,115,406  

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

     3,300       3,127,941  

Series 223, AMT, 4.00%, 07/15/51

     2,055       1,975,667  

Port Authority of New York & New Jersey, Refunding RB

    

Consolidated, 200th Series, 5.00%, 09/01/36

     5,585       6,153,134  

Consolidated, 212th Series, 4.00%, 09/01/37

     6,460       6,564,387  
   

 

 

  

Total Municipal Bonds in New York

       64,534,559  
Pennsylvania — 2.3%            
Transportation — 2.3%            

Delaware River Port Authority, RB
5.00%, 01/01/24(c)

    2,000       2,079,624  
Security  

Par

(000)

     Value  
Transportation (continued)            

Delaware River Port Authority, RB (continued)
5.00%, 01/01/37

   $ 8,830     $ 9,140,949  

5.00%, 01/01/40

     4,000       4,125,192  

Delaware River Port Authority, Refunding RB,
5.00%, 01/01/27

     1,410       1,433,568  
   

 

 

  

Total Municipal Bonds in Pennsylvania

       16,779,333  
   

 

 

  
Puerto Rico — 5.7%            
State — 5.0%            

Puerto Rico Sales Tax Financing Corp. Sales Tax

    

Revenue, RB

    

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

     2,808       2,842,875  

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

     12,716       13,015,843  

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

     12,863       12,755,054  

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

     2,906       2,955,324  

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

     638       645,811  

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

     618       625,417  

Puerto Rico Sales Tax Financing Corp. Sales Tax

    

Revenue, RB, CAB, Series A-1, Restructured,

0.00%, 07/01/46(d)

    11,852       3,329,902  
   

 

 

  
      36,170,226  
Tobacco — 0.2%            

Children’s Trust Fund, Refunding RB
5.50%, 05/15/39

     760       777,823  

5.63%, 05/15/43

     790       803,556  
   

 

 

  
      1,581,379  
Utilities — 0.5%            

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Refunding RB

    

Series A, Senior Lien, 5.00%, 07/01/33

     2,995       3,006,516  

Series A, Senior Lien, 5.13%, 07/01/37

     855       858,429  
   

 

 

  
      3,864,945  
   

 

 

  

Total Municipal Bonds in Puerto Rico

       41,616,550  
   

 

 

  

Total Municipal Bonds — 142.4%
(Cost: $1,059,945,656)

       1,041,728,120  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

New Jersey — 25.4%            
County/City/Special District/School District — 8.0%  

Hudson County Improvement Authority, RB, 5.25%, 05/01/51

     5,680       6,055,008  

Union County Utilities Authority, Refunding RB

    

Series A, 5.00%, 06/15/41

     14,555       14,582,264  

Series A, AMT, 5.25%, 12/01/31

     37,460       37,861,007  
   

 

 

  
      58,498,279  
Education — 7.8%            

New Jersey Economic Development Authority,

    

Refunding RB

    

AMT, 3.00%, 08/01/41(e)

    17,628       15,068,185  

AMT, 3.00%, 08/01/43(g)

    25,352       21,671,097  

Rutgers The State University of New Jersey,

    

Refunding RB, Series L, 5.00%, 05/01/23(c)

    20,000       20,551,920  
   

 

 

  
      57,291,202  
 

 

 

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)

April 30, 2022

   

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

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Health — 1.6%            

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

   $ 11,688     $ 11,467,017  
   

 

 

  
State — 4.9%            

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

     17,920       20,334,052  

New Jersey Economic Development Authority, Refunding RB,
Series NN, 5.00%, 03/01/23(c)(g)

    14,715       15,077,702  
   

 

 

  
      35,411,754  
Transportation — 3.1%            

New Jersey Turnpike Authority, RB, Series A, 5.00%, 07/01/22(c)(g)

    22,820       22,957,508  
   

 

 

  

Total Municipal Bonds in New Jersey

       185,625,760  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 25.4%
(Cost: $189,448,448)

       185,625,760  
   

 

 

  

Total Long-Term Investments — 167.8%
(Cost: $1,249,394,104)

       1,227,353,880  
   

 

 

  

Short-Term Securities

    
Commercial Paper — 1.0%            

Port Authority of New York & New Jersey, Refunding ARB, 0.83%, 08/04/22

     7,100       7,093,591  
   

 

 

  
      7,093,591  
   

 

 

  
     Shares         
Money Market Funds — 1.9%            

BlackRock Liquidity Funds, MuniCash, Institutional

    

Class, 0.25%(i)(j)

    13,820,948       13,820,948  
   

 

 

  

Total Short-Term Securities — 2.9%
(Cost: $20,919,852)

       20,914,539  
   

 

 

  

Total Investments — 170.7%
(Cost: $1,270,313,956)

       1,248,268,419  

Other Assets Less Liabilities — 1.2%

       8,931,856  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (14.9)%

       (109,055,565 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (57.0)%

       (416,702,029 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

     $ 731,442,681  
   

 

 

  
(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) 

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.

(f) 

When-issued security.

(g) 

All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between July 1, 2022 to February 1, 2037, is $50,037,049.

(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.

 

 

5  

Schedule of Investments (unaudited) (continued)

April 30, 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 April 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   Value at
07/31/21		     Purchases
at Cost		     Proceeds
from Sales		     Net
Realized
Gain (Loss)		     Change in
Unrealized
Appreciation
(Depreciation)		     Value at
04/30/22		     Shares
Held at
04/30/22		     Income     Capital Gain
Distributions
from
Underlying
Funds 		 

BlackRock Liquidity Funds, MuniCash, Institutional Class

   $  22,337,405     $ —     $  (8,515,818 )(a)    $  (1,735 )    $ 1,096     $ 1 3,820,948       13,820,948     $ 4,202     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (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

      162          06/21/22        $ 19,286        $ 376,530  

U.S. Long Bond

      105          06/21/22          14,753          555,079  

5-Year U.S. Treasury Note

      201          06/30/22          22,625          293,708  
                 

 

 

  
                  $ 1,225,317  
                 

 

 

  

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 BlackRock Global Valuation Methodologies Committee’s (the “Global 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 Global 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

    $ —        $ 1,041,728,120        $ —        $ 1,041,728,120  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          185,625,760          —          185,625,760  

 

 

S C H E D U L E    O F   I N V E S T M E N T S   6

Schedule of Investments (unaudited) (continued)

April 30, 2022

   

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

 

Fair Value Hierarchy as of Period End (continued)    

 

                                                                                               
         
      Level 1        Level 2        Level 3        Total  

Short-Term Securities

                  

Commercial Paper

    $ —        $ 7,093,591        $ —        $ 7,093,591  

Money Market Funds

      13,820,948          —          —          13,820,948  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 13,820,948        $ 1,234,447,471        $ —        $ 1,248,268,419  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Assets

                  

Interest Rate Contracts

    $ 1,225,317        $ —        $ —        $ 1,225,317  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (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

    $ —        $ (108,980,625 )       $ —        $ (108,980,625 ) 

VRDP Shares at Liquidation Value

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

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (526,080,625 )       $ —        $ (526,080,625 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

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.
BHAC-CR    Berkshire Hathaway Assurance Corp. - Custodian Receipt
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
CR    Custodian Receipt
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
SAW    State Aid Withholding
SCH BD RES FD    School Board Resolution Fund

 

 

7