Schedule of Investments (unaudited) October 31, 2022 BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Municipal Bonds
Guam — 0.4%
Utilities — 0.4%
Guam Government Waterworks Authority, RB, Series A, 5.00%, 01/01/50	$	2,945	$	2,777,942
New Jersey — 142.1%
Corporate — 7.8%
New Jersey Economic Development Authority, ARB
Series A, AMT, 5.63%, 11/15/30		1,730		1,734,839
Series B, AMT, 5.63%, 11/15/30		5,000		4,885,585
New Jersey Economic Development Authority, RB(a)
Series A, (NPFGC), 5.25%, 07/01/25		950		992,524
Series A, (NPFGC), 5.25%, 07/01/26		1,415		1,500,235
New Jersey Economic Development Authority, Refunding ARB, AMT, 3.00%, 08/01/41		17,630		11,945,665
New Jersey Economic Development Authority, Refunding RB
3.38%, 04/01/38		4,040		3,446,310
3.50%, 04/01/42		3,030		2,357,270
Series A, AMT, 2.20%, 10/01/39(b)		7,230		6,100,356
New Jersey Economic Development Authority, Refunding SAB, AMT, 3.00%, 08/01/43		25,350		17,439,304
				50,402,088
County/City/Special District/School District — 20.3%
Casino Reinvestment Development Authority, Inc., Refunding RB
Class D, 5.25%, 11/01/39		13,410		13,465,544
Class D, 5.25%, 11/01/44		15,755		15,761,475
City of Bayonne New Jersey, Refunding GO, (BAM, SAW), 5.00%, 07/01/26(c)		3,990		4,220,283
County of Essex New Jersey, GO, Series B, (SCH BD RES FD), 3.00%, 09/01/46		1,700		1,266,898
County of Middlesex New Jersey, Refunding COP, 5.00%, 10/15/31		2,840		3,086,992
Essex County Improvement Authority, Refunding RB
(NPFGC GTD), 5.50%, 10/01/27		250		274,327
(NPFGC GTD), 5.50%, 10/01/28		9,380		10,453,504
(NPFGC GTD), 5.50%, 10/01/29		8,505		9,603,013
Ewing Township Board of Education, GO
(SCH BD RES FD), 4.00%, 07/15/38		2,660		2,506,531
(SCH BD RES FD), 4.00%, 07/15/39		2,320		2,170,464
Gloucester County Improvement Authority, RB, (BAM), 4.00%, 07/01/46		840		710,607
Hudson County Improvement Authority, RB
5.00%, 05/01/46		5,655		5,735,386
4.00%, 10/01/51		2,000		1,714,398
Series A-1, (NPFGC GTD), 0.00%, 12/15/32(d)		1,000		656,573
Jersey City Redevelopment Agency, RB, (MUN GOVT GTD), 4.00%, 12/15/31		2,000		1,996,526
Mercer County Improvement Authority, RB, 5.00%, 09/01/40		2,480		2,525,369
Middlesex County Improvement Authority, RB, Series B, 6.25%, 01/01/37(e)(f)		2,350		47,000
Monroe Township Board of Educationddlesex County, Refunding GO, (SCH BD RES FD), 5.00%, 03/01/25(c)		2,750		2,856,381
New Jersey Economic Development Authority, RB 5.00%, 06/15/23(c)		3,065		3,097,152

Security	Par (000)		Value
County/City/Special District/School District (continued)
New Jersey Economic Development Authority, RB (continued)
Series B, AMT, 6.50%, 04/01/31	$	4,010	$	4,002,044
New Jersey Economic Development Authority, Refunding SAB, 6.50%, 04/01/28		4,168		4,260,285
Township of Irvington New Jersey, Refunding GO, Series A, (AGM), 5.00%, 07/15/24(c)		1,175		1,209,304
Union County Utilities Authority Refunding RB, 5.00%, 06/15/41		1,000		1,000,422
Union County Utilities Authority, Refunding RB, Series A, AMT, (GTD), 5.25%, 12/01/31		38,770		38,820,750
				131,441,228
Education — 26.7%
Atlantic County Improvement Authority, RB, Series A, (AGM), 4.00%, 07/01/46		2,250		1,934,541
Clifton Board of Education, GO
(AGM), 2.25%, 08/15/45		6,150		3,744,354
(AGM), 2.25%, 08/15/46		6,150		3,667,270
Gloucester County Improvement Authority, RB
5.00%, 07/01/44		1,985		1,991,967
Series A, 5.00%, 07/01/31		1,950		2,002,720
Series A, 5.00%, 07/01/32		1,775		1,819,714
Series A, 5.00%, 07/01/33		2,250		2,298,992
Series A, 5.00%, 07/01/34		1,200		1,221,688
New Jersey Economic Development Authority, RB
6.00%, 10/01/33		4,520		4,567,559
Series A, 5.00%, 07/01/27(g)		330		323,403
Series A, 5.13%, 11/01/29(g)		150		144,960
Series A, 5.00%, 01/01/35		2,000		1,803,556
Series A, 5.25%, 07/01/37(g)		1,030		936,553
Series A, 5.00%, 07/01/38		350		335,427
Series A, 6.25%, 11/01/38(g)		440		440,133
Series A, 5.00%, 07/01/47		1,235		1,065,649
Series A, 5.38%, 07/01/47(g)		1,685		1,444,970
Series A, 5.00%, 12/01/48		4,475		4,014,625
Series A, 5.00%, 06/15/49(g)		970		806,793
Series A, 5.00%, 07/01/50		905		804,500
Series A, 6.50%, 11/01/52(g)		2,490		2,432,284
Series A, 5.00%, 06/15/54(g)		730		595,071
Series A, 5.25%, 11/01/54(g)		4,040		3,297,040
Series WW, 5.25%, 06/15/25(c)		460		482,609
New Jersey Economic Development Authority, Refunding RB
(SAP), 3.84%, 03/01/28(b)		4,510		4,486,868
(AGM), 5.00%, 06/01/37		6,270		6,080,126
(AGM), 5.00%, 06/01/42		810		780,661
Series A, 4.25%, 09/01/27(g)		210		203,111
Series A, 5.63%, 08/01/34(g)		630		609,907
Series A, 5.00%, 09/01/37(g)		805		732,572
Series A, 5.88%, 08/01/44(g)		1,070		1,013,317
Series A, 6.00%, 08/01/49(g)		555		526,235
Series A, 5.13%, 09/01/52(g)		1,700		1,432,641
New Jersey Educational Facilities Authority, RB
Series A, 5.00%, 07/01/45		2,420		2,420,915
Series C, (AGM), 3.25%, 07/01/49		1,060		747,276
Series C, (AGM), 4.00%, 07/01/50		895		745,556
New Jersey Educational Facilities Authority, Refunding RB
Series A, (BAM-TCRS), 5.00%, 07/01/28		2,050		2,091,369

1

Schedule of Investments (unaudited) (continued) October 31, 2022 BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Education (continued)
New Jersey Educational Facilities Authority, Refunding RB (continued)
Series A, 5.00%, 07/01/39	$	15,555	$	15,641,050
Series A, 5.00%, 07/01/44		14,500		14,529,406
Series A, 4.00%, 07/01/47		2,100		1,704,950
Series D, 5.00%, 07/01/38		1,000		1,001,468
Series D, 5.00%, 07/01/43		600		600,387
New Jersey Higher Education Student Assistance Authority, RB
Series 1A, AMT, 5.00%, 12/01/22		915		916,040
Series 1A, AMT, 4.00%, 12/01/28		270		262,905
Series 1A, AMT, 4.50%, 12/01/28		715		714,987
Series 1A, AMT, 4.00%, 12/01/29		185		179,454
Series 1A, AMT, 4.50%, 12/01/29		910		909,986
Series 1A, AMT, 4.63%, 12/01/30		895		895,039
Series 1A, AMT, 4.00%, 12/01/31		290		285,397
Series 1A, AMT, 4.13%, 12/01/35		175		159,906
Series 1A-1, AMT, 4.00%, 12/01/29		1,685		1,675,240
Series 1A-1, AMT, 4.25%, 12/01/32		610		608,466
Series 1A-1, AMT, 4.50%, 12/01/36		530		514,361
Sub-Series C, AMT, 4.00%, 12/01/48		3,210		2,570,867
New Jersey Higher Education Student Assistance Authority, Refunding RB
Series B, AMT, 3.00%, 12/01/32		5,500		4,849,240
Series B, AMT, 4.00%, 12/01/41		3,265		2,939,274
Sub-Series C, AMT, 3.63%, 12/01/49		1,925		1,446,611
Series C, AMT, Subordinate, 5.00%, 12/01/52		18,705		17,161,744
New Jersey Institute of Technology, RB
Series A, 5.00%, 07/01/40		3,000		3,032,445
Series A, 5.00%, 07/01/45		12,000		12,045,612
Newark Board of Education, Refunding GO
(BAM SCH BD RES FD), 3.00%, 07/15/38		700		552,793
(BAM SCH BD RES FD), 3.00%, 07/15/39		120		93,736
(BAM SCH BD RES FD), 3.00%, 07/15/41		1,500		1,103,511
Sustainability Bonds, (BAM SCH BD RES FD), 5.00%, 07/15/29		160		170,446
Sustainability Bonds, (BAM SCH BD RES FD), 5.00%, 07/15/31		200		214,820
Sustainability Bonds, (BAM SCH BD RES FD), 5.00%, 07/15/33		250		265,299
Sustainability Bonds, (BAM SCH BD RES FD), 4.00%, 07/15/34		215		203,557
Sustainability Bonds, (BAM SCH BD RES FD), 4.00%, 07/15/35		215		200,398
Rutgers The State University of New Jersey, Refunding RB, Series L, 5.00%, 05/01/23(c)		21,565		21,771,540
				173,267,867
Health — 9.6%
Camden County Improvement Authority, Refunding RB
5.00%, 02/15/33		2,000		2,005,300
5.00%, 02/15/34		590		590,590
Middlesex County Improvement Authority, RB, AMT, (AMBAC), 5.50%, 09/01/30		445		445,394
New Jersey Economic Development Authority, Refunding RB
5.00%, 01/01/34		1,230		1,208,729
5.00%, 01/01/39		1,230		1,163,676

Security	Par (000)		Value
Health (continued)
New Jersey Health Care Facilities Financing Authority, RB
5.00%, 07/01/42	$	3,955	$	3,920,742
2.38%, 07/01/46		3,735		2,161,060
4.00%, 07/01/47		2,875		2,379,175
3.00%, 07/01/51		14,850		9,689,714
Series A, 5.50%, 07/01/43		5,505		5,538,580
Series B, 1.34%, 07/01/43(b)		10,450		10,450,000
New Jersey Health Care Facilities Financing Authority, Refunding RB
5.00%, 01/01/24(c)		180		183,708
5.00%, 07/01/28		2,820		2,870,503
5.00%, 07/01/29		715		726,995
5.00%, 07/01/34		2,190		2,247,365
5.00%, 07/01/39		4,355		4,400,436
4.00%, 07/01/41		3,000		2,669,100
Series A, 4.00%, 07/01/43		3,500		3,002,440
Series A, 5.00%, 07/01/43		6,385		6,330,913
				61,984,420
Housing — 4.7%
New Jersey Housing & Mortgage Finance Agency, RB, Series A, (AGM), 5.00%, 05/01/27		1,920		1,920,703
New Jersey Housing & Mortgage Finance Agency, RB, S/F Housing
Series H, 2.15%, 10/01/41		2,995		1,976,993
Series H, 2.30%, 10/01/46		2,250		1,379,470
Series H, 2.40%, 04/01/52		2,255		1,309,483
New Jersey Housing & Mortgage Finance Agency, Refunding RB
Series 2, AMT, 4.60%, 11/01/38		3,120		2,805,176
Series 2, AMT, 4.75%, 11/01/46		3,795		3,303,437
New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing
Series A, (HUD SECT 8), 2.25%, 11/01/36		1,150		856,640
Series A, (HUD SECT 8), 2.45%, 11/01/45		860		566,707
Series A, (HUD SECT 8), 2.65%, 11/01/46		1,150		733,585
Series A, 4.00%, 11/01/48		675		545,235
Series A, (HUD SECT 8), 2.55%, 11/01/50		780		487,679
Series A, (HUD SECT 8), 2.70%, 11/01/51		1,150		696,913
Series A, 4.10%, 11/01/53		400		338,229
Series A, (HUD SECT 8), 2.63%, 11/01/56		780		434,293
Series A, (HUD SECT 8), 2.75%, 11/01/56		1,150		667,803
Series D, AMT, 4.25%, 11/01/37		1,750		1,566,677
Series D, AMT, 4.35%, 11/01/42		1,000		876,869
New Jersey Housing & Mortgage Finance Agency, Refunding RB, S/F Housing
Series A, 3.75%, 10/01/35		5,295		4,806,605
Series E, 2.25%, 10/01/40		2,505		1,657,947
Series E, 2.40%, 10/01/45		1,930		1,180,538
Newark Housing Authority, RB, M/F Housing, Series A, 5.00%, 12/01/30		2,000		2,024,262
				30,135,244
State — 31.3%
Garden State Preservation Trust, RB, CAB(d)
Series B, (AGM), 0.00%, 11/01/23		17,185		16,634,204
Series B, (AGM), 0.00%, 11/01/25		10,000		8,981,500
Series B, (AGM), 0.00%, 11/01/26		6,000		5,173,284
Series B, (AGM), 0.00%, 11/01/27		4,000		3,305,648
Series B, (AGM), 0.00%, 11/01/28		4,540		3,596,815

S C H E D U L E   O F   I N V E S T M E N T S 2

Schedule of Investments (unaudited) (continued) October 31, 2022 BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
State (continued)
New Jersey Economic Development Authority, RB
4.00%, 11/01/44	$	4,715	$	3,852,792
4.00%, 06/15/49		5,310		4,216,984
Class A, 5.25%, 11/01/47		7,800		7,690,488
Series A, (NPFGC), 5.25%, 07/01/24		1,785		1,819,284
Series A, (NPFGC), 5.25%, 07/01/25		7,915		8,139,960
Series A, (NPFGC), 5.25%, 07/01/26		7,500		7,772,062
Series A, 5.00%, 06/15/42		1,000		965,577
Series B, 5.00%, 06/15/35		3,750		3,764,134
Series B, 5.00%, 06/15/43		3,470		3,340,146
Series EEE, 5.00%, 06/15/43		16,995		16,359,013
Series WW, 5.25%, 06/15/33		380		385,221
Series WW, 5.00%, 06/15/34		5,500		5,523,204
Series WW, 5.00%, 06/15/36		3,115		3,112,826
Series WW, 5.25%, 06/15/40		7,915		7,928,384
New Jersey Economic Development Authority, Refunding RB
4.00%, 07/01/46		5,025		4,443,834
Series N-1, (NPFGC), 5.50%, 09/01/27		1,000		1,060,337
Series NN, 5.00%, 03/01/23(c)		19,715		19,840,723
Sub-Series A, 4.00%, 07/01/32		5,000		4,660,995
Sub-Series A, 5.00%, 07/01/33		5,050		5,104,368
Sub-Series A, 4.00%, 07/01/34		8,570		7,865,058
New Jersey Educational Facilities Authority, RB
Series A, 4.00%, 09/01/28		9,705		9,556,805
Series A, 5.00%, 09/01/32		4,000		4,026,876
Series A, 5.00%, 09/01/33		5,370		5,393,907
New Jersey Transportation Trust Fund Authority, RB
4.50%, 06/15/49		4,600		3,973,347
Class BB, 4.00%, 06/15/40		6,000		5,116,560
Series BB, 4.00%, 06/15/44		5,100		4,181,959
South Jersey Port Corp., ARB
Series B, AMT, 5.00%, 01/01/42		3,000		2,854,158
Series B, AMT, 5.00%, 01/01/48		9,120		8,386,971
State of New Jersey, GO, 2.00%, 06/01/37		5,825		3,930,168
				202,957,592
Tobacco — 5.9%
Tobacco Settlement Financing Corp., Refunding RB
Series A, 5.00%, 06/01/46		10,000		9,323,490
Sub-Series B, 5.00%, 06/01/46		31,690		29,032,572
				38,356,062
Transportation — 30.3%
New Jersey Economic Development Authority, RB
AMT, (AGM), 5.00%, 01/01/31		1,000		999,387
AMT, 5.13%, 01/01/34		2,290		2,227,517
AMT, 5.38%, 01/01/43		23,510		22,240,013
New Jersey Economic Development Authority, Refunding RB, AMT, 5.00%, 10/01/37		2,750		2,747,940
New Jersey Transportation Trust Fund Authority, RB
Class BB, 5.00%, 06/15/36		3,750		3,747,383
Class BB, 4.00%, 06/15/37		1,550		1,366,221
Class BB, 4.00%, 06/15/50		3,825		3,026,267
Series A, (NPFGC), 5.75%, 06/15/24		1,205		1,239,617
Series A, 5.00%, 06/15/30		4,250		4,367,083
Series AA, 5.25%, 06/15/33		5,690		5,716,094
Series AA, 5.25%, 06/15/34		1,305		1,319,056
Series AA, 4.00%, 06/15/36		2,565		2,288,757
Series AA, 5.00%, 06/15/38		11,830		11,641,193
Series AA, 5.50%, 06/15/39		8,205		8,223,863

Security	Par (000)		Value
Transportation (continued)
New Jersey Transportation Trust Fund Authority, RB (continued)
Series AA, 5.25%, 06/15/41	$	5,000	$	5,003,115
Series AA, 4.00%, 06/15/45		8,505		6,949,461
Series AA, 5.00%, 06/15/45		5,000		4,777,095
Series AA, 4.00%, 06/15/50		8,535		6,752,730
Series B, 5.00%, 06/15/33		2,450		2,487,245
Series BB, 4.00%, 06/15/50		16,115		12,749,882
Series C, (AGM), 0.00%, 12/15/32(d)		14,050		8,792,069
Series C, (AMBAC), 0.00%, 12/15/35(d)		8,300		4,121,548
Series C, (AMBAC), 0.00%, 12/15/36(d)		7,210		3,367,531
Series D, 5.00%, 06/15/32		3,300		3,321,932
New Jersey Transportation Trust Fund Authority, RB, CAB, Series A, 0.00%, 12/15/35(d)		6,000		2,969,172
New Jersey Transportation Trust Fund Authority, Refunding RB
4.00%, 12/15/39		4,795		4,111,171
Series A, 5.00%, 06/15/31		12,270		12,562,247
Series A, 5.00%, 12/15/32		7,815		7,962,086
Series A, 4.00%, 06/15/35		1,605		1,452,294
Series A, 5.00%, 12/15/35		2,000		2,002,640
Series A, 4.00%, 06/15/36		3,695		3,297,060
Series A, 5.00%, 12/15/36		500		496,200
New Jersey Turnpike Authority, RB
Series A1, 5.00%, 01/01/35		2,500		2,589,978
Series E, 5.00%, 01/01/45		8,720		8,782,147
New Jersey Turnpike Authority, Refunding RB
Series A, (AGM), 5.25%, 01/01/29		4,000		4,342,028
Series A, (BHAC-CR AGM), 5.25%, 01/01/29		500		547,161
Series A, (AGM), 5.25%, 01/01/30		4,000		4,376,552
Series B, 5.00%, 01/01/40		5,740		5,888,557
Series G, 5.00%, 01/01/36		5,000		5,203,010
				196,055,302
Utilities — 5.5%
New Jersey Infrastructure Bank, RB
2.00%, 09/01/43		1,640		933,524
2.25%, 09/01/50		4,030		2,072,355
Passaic Valley Sewerage Commission, Refunding RB
Series J, (AGM), 3.00%, 12/01/40		2,060		1,525,929
Series J, (AGM), 3.00%, 12/01/41		2,110		1,528,623
Series J, (AGM), 3.00%, 12/01/42		2,155		1,532,203
Series J, (AGM), 3.00%, 12/01/43		2,205		1,535,077
Series J, (AGM), 3.00%, 12/01/44		2,255		1,534,284
Series J, (AGM), 3.00%, 12/01/45		2,305		1,535,102
Rahway Valley Sewerage Authority, RB(d)
Series A, (NPFGC), 0.00%, 09/01/26		4,100		3,569,919
Series A, (NPFGC), 0.00%, 09/01/28		6,600		5,287,260
Series A, (NPFGC), 0.00%, 09/01/29		9,650		7,405,719
Series A, (NPFGC), 0.00%, 09/01/31		6,000		4,189,626
Series A, (NPFGC), 0.00%, 09/01/33		5,000		3,123,465
				35,773,086
Total Municipal Bonds in New Jersey				920,372,889
New York — 5.7%
Transportation — 5.7%
Port Authority of New York & New Jersey, ARB
Consolidated, 93rd Series, 6.13%, 06/01/94		6,000		6,144,138
Consolidated, 218th Series, AMT, 4.00%, 11/01/47		5,000		4,172,880
Consolidated, 221st Series, AMT, 4.00%, 07/15/50		4,415		3,584,406

3

Schedule of Investments (unaudited) (continued) October 31, 2022 BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation (continued)
Port Authority of New York & New Jersey, ARB (continued)
Series 221, AMT, 5.00%, 07/15/31	$	6,750	$	6,980,864
Port Authority of New York & New Jersey, Refunding ARB
Consolidated, 206th Series, AMT, 5.00%, 11/15/42		4,475		4,497,755
Consolidated, 206th Series, AMT, 5.00%, 11/15/47		5,000		4,998,060
Series 178th, AMT, 5.00%, 12/01/33		4,005		4,016,883
Series 223, AMT, 4.00%, 07/15/41		2,530		2,189,042
Series 223, AMT, 4.00%, 07/15/46		770		636,028
Total Municipal Bonds in New York				37,220,056
Pennsylvania — 2.3%
Transportation — 2.3%
Delaware River Port Authority, RB
5.00%, 01/01/24(c)		2,000		2,039,700
5.00%, 01/01/37		8,830		8,864,949
5.00%, 01/01/40		4,000		4,009,824
Total Municipal Bonds in Pennsylvania				14,914,473
Puerto Rico — 4.9%
State — 4.7%
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB
Series A-1, Restructured, 4.75%, 07/01/53		2,808		2,349,004
Series A-1, Restructured, 5.00%, 07/01/58		12,716		10,878,805
Series A-2, Restructured, 4.78%, 07/01/58		2,906		2,409,806
Series A-2, Restructured, 4.33%, 07/01/40		12,863		10,914,641
Series B-1, Restructured, 4.75%, 07/01/53		638		531,048
Series B-2, Restructured, 4.78%, 07/01/58		618		509,790
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB, Series A-1, Restructured, 0.00%, 07/01/46(d)		11,852		2,572,145
				30,165,239
Tobacco — 0.2%
Children’s Trust Fund, Refunding RB
5.50%, 05/15/39		760		755,896
5.63%, 05/15/43		790		789,959
				1,545,855
Total Municipal Bonds in Puerto Rico				31,711,094
Total Municipal Bonds — 155.4%
(Cost: $1,092,894,776)				1,006,996,454
Municipal Bonds Transferred to Tender Option Bond Trusts(h)
New Jersey — 5.5%
County/City/Special District/School District — 1.8%
Union County Utilities Authority, Refunding RB, Series A, 5.00%, 06/15/41		11,685		11,689,934

Security	Par (000)		Value
Health — 0.7%
New Jersey Health Care Facilities Financing Authority, RB, 4.00%, 07/01/47	$	5,555	$	4,596,980
State — 3.0%
Garden State Preservation Trust, RB, Series A, 5.75%, 11/01/28		17,920		19,125,779
Total Municipal Bonds in New Jersey				35,412,693
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 5.5%
(Cost: $35,674,822)				35,412,693
Total Long-Term Investments — 160.9%
(Cost: $1,128,569,598)				1,042,409,147
	Shares
Short-Term Securities
Money Market Funds — 3.9%
BlackRock Liquidity Funds, MuniCash, Institutional Class, 1.83%(i)(j)		25,513,883		25,511,332
Total Short-Term Securities — 3.9%
(Cost: $25,511,332)				25,511,332
Total Investments — 164.8%
(Cost: $1,154,080,930)				1,067,920,479
Other Assets Less Liabilities — 2.9%				18,498,599
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (3.4)%				(22,172,415	)
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (64.3)%				(416,322,678	)
Net Assets Applicable to Common Shares — 100.0%			$	647,923,985

^(a)  Security is collateralized by municipal bonds or U.S. Treasury obligations.

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

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

^(d)  Zero-coupon bond.

^(e)  Issuer filed for bankruptcy and/or is in default.

^(f)  Non-income producing security.

^(g)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

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

⁽ⁱ⁾  Affiliate of the Fund.

^(j)  Annualized 7-day yield as of period end.

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

S C H E D U L E   O F   I N V E S T M E N T S 4

Schedule of Investments (unaudited) (continued) October 31, 2022 BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

Affiliates

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

Affiliated Issuer	Value at 07/31/22		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 10/31/22		Shares Held at 10/31/22		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, MuniCash, Institutional Class	$	42,316,790	$	—	$	(16,784,272	)(a)	$	(11,003	)	$	(10,183	)	$	25,511,332		25,513,883	$	155,777	$	—

^(a)  Represents net amount purchased (sold).

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Short Contracts
10-Year U.S. Treasury Note		227		12/20/22	$	25,126	$	447,513
U.S. Long Bond		254		12/20/22		30,702		1,236,337
5-Year U.S. Treasury Note		223		12/30/22		23,781		294,242
							$	1,978,092

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access;

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

• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Municipal Bonds	$	—	$	1,006,996,454	$	—	$	1,006,996,454
Municipal Bonds Transferred to Tender Option Bond Trusts		—		35,412,693		—		35,412,693
Short-Term Securities
Money Market Funds		25,511,332		—		—		25,511,332
	$	25,511,332	$	1,042,409,147	$	—	$	1,067,920,479

5

Schedule of Investments (unaudited) (continued) October 31, 2022 BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

Fair Value Hierarchy as of Period End (continued)

	Level 1		Level 2		Level 3		Total
Derivative Financial Instruments(a)
Assets
Interest Rate Contracts	$	1,978,092	$	—	$	—	$	1,978,092

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

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

	Level 1		Level 2			Level 3		Total
Liabilities
TOB Trust Certificates	$	—	$	(22,059,998	)	$	—	$	(22,059,998	)
VRDP Shares at Liquidation Value		—		(417,100,000	)		—		(417,100,000	)
	$	—	$	(439,159,998	)	$	—	$	(439,159,998	)

Portfolio Abbreviation

AGM	Assured Guaranty Municipal Corp.
AMBAC	AMBAC Assurance Corp.
AMT	Alternative Minimum Tax
ARB	Airport Revenue Bonds
BAM	Build America Mutual Assurance Co.
BAM-TCRS	Build America Mutual Assurance Co.- Transferable Custodial Receipts
BHAC-CR	Berkshire Hathaway Assurance Corp. - Custodian Receipt
CAB	Capital Appreciation Bonds
COP	Certificates of Participation
GO	General Obligation Bonds
GTD	GTD Guaranteed
HUD SECT 8	U.S. Department of Housing and Urban Development Section 8
M/F	Multi-Family
NPFGC	National Public Finance Guarantee Corp.
RB	Revenue Bond
S/F	Single-Family
SAB	Special Assessment Bonds
SAP	Subject to Appropriations
SAW	State Aid Withholding
SCH BD RES FD	School Board Resolution Fund

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