NPORT-EX 2 BRMuniHoldingNJQualityFund.htm EX-MUJ

Schedule of Investments  (unaudited)

October 31, 2019

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds — 135.0%

 

New Jersey — 131.6%

 

Corporate — 3.7%  

County of Union New Jersey Utilities Authority, Refunding RB, Resources Recovery Facility, Covanta Union, Inc., AMT, Series A, 5.25%, 12/01/31

   $ 650     $ 699,049  

New Jersey EDA, RB:

    

Provident Group-Kean Properties, Series A, 5.00%, 07/01/47

     795       879,548  

State House Project, Series B, Remark 10, 5.00%, 06/15/43

     1,235       1,408,221  

New Jersey EDA, Refunding RB:

    

Duke Farms Foundation Project, 4.00%, 07/01/46

     2,770       3,137,468  

New Jersey American Water Co., Inc. Project, Series A, AMT, 5.70%, 10/01/39

     7,500       7,522,575  

New Jersey American Water Co., Inc. Project, Series B, AMT, 5.60%, 11/01/34

     3,150       3,210,575  

Provident Group-Montclair Properties LLC (AGM), 5.00%, 06/01/42

     810       949,992  
   

 

 

  
      17,807,428  
County/City/Special District/School District — 15.4%  

Borough of Edgewater New Jersey Board of Education, GO, Refunding (AGM)(a):

    

4.25%, 03/01/20

     1,535       1,550,442  

4.25%, 03/01/20

     1,600       1,616,096  

4.30%, 03/01/20

     1,670       1,687,067  

Casino Reinvestment Development Authority, Refunding RB:

    

5.25%, 11/01/39

     11,130       12,030,306  

5.25%, 11/01/44

     3,755       4,053,222  

City of Bayonne New Jersey, GO, Refunding, Qualified General Improvement (BAM), 5.00%, 07/01/39

     3,340       3,940,465  

City of Perth Amboy New Jersey, GO, CAB, Refunding (AGM):

    

5.00%, 07/01/32

     2,210       2,216,144  

5.00%, 07/01/33

     670       671,856  

5.00%, 07/01/35

     595       596,624  

5.00%, 07/01/37

     705       706,889  

County of Essex New Jersey, GO, Vocational School, Series B, 3.00%, 09/01/46

     1,700       1,719,278  

County of Essex New Jersey Improvement Authority, Refunding RB, Project Consolidation (NPFGC):

    

5.50%, 10/01/27

     250       325,605  
Security   Par
(000)		     Value  
County/City/Special District/School District (continued)  

5.50%, 10/01/28

   $ 4,840     $ 6,440,588  

County of Hudson New Jersey Improvement Authority, RB, CAB, Series A-1 (NPFGC), 0.00%, 12/15/32(b)

     1,000       720,660  

County of Middlesex New Jersey Improvement Authority, RB, Senior Citizens Housing Project, AMT (AMBAC), 5.50%, 09/01/30

     500       501,470  

County of Monmouth New Jersey Improvement Authority, Refunding RB, Governmental Loan (AMBAC), 5.00%, 12/01/19

     5       5,013  

County of Union New Jersey, GO, Refunding, 4.00%, 03/01/21(a):

     11,425       11,852,867  

Ewing Township Board of Education, GO:

    

4.00%, 07/15/38

     1,470       1,653,824  

4.00%, 07/15/39

     1,330       1,492,859  

New Jersey EDA, RB, School Facilities Construction, Series EEE,
5.00%, 06/15/43

     5,395       6,136,111  

New Jersey Sports & Exposition Authority, Refunding RB (NPFGC)(c):

    

5.50%, 03/01/21

     7,430       7,846,377  

5.50%, 03/01/22

     4,200       4,608,156  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
County/City/Special District/School District (continued)  

Township of Irvington New Jersey, GO, Refunding, Series A (AGM), 5.00%, 07/15/33

   $ 1,175     $ 1,326,375  
   

 

 

  
      73,698,294  
Education — 23.4%            

County of Gloucester New Jersey Improvement Authority, RB, Rowan University General Capital Improvement Projects:

    

5.00%, 07/01/44

     1,985       2,277,787  

Series A, 5.00%, 07/01/31

     1,950       2,280,954  

Series A, 5.00%, 07/01/32

     1,775       2,070,538  

Series A, 5.00%, 07/01/33

     2,250       2,622,397  

Series A, 5.00%, 07/01/34

     1,200       1,396,440  

New Jersey EDA, LRB, Rutgers - The State University of New Jersey, College Avenue Redevelopment Project, 5.00%, 06/15/33

     3,065       3,434,210  

New Jersey EDA, RB, Series A:

    

Foundation Academy Charter School Project, 5.00%, 07/01/38

     190       218,698  

Foundation Academy Charter School Project, 5.00%, 07/01/50

     495       558,311  

Friends of Vineland Public Charter School Projects, 5.25%, 11/01/54(d)(e)

     2,235       2,243,314  

Provident Group - Rowan Properties LLC, 5.00%, 01/01/35

     2,000       2,234,280  

Provident Group - Rowan Properties LLC, 5.00%, 01/01/48

     2,000       2,178,440  

New Jersey EDA, Refunding RB, Provident Group-Monteclair Properites LLC (AGM), 5.00%, 06/01/37

     3,990       4,727,073  

New Jersey Educational Facilities Authority, RB:

    

Higher Educational Capital Improvement Fund, Series A, 4.00%, 09/01/28

     9,705       10,375,615  

Higher Educational Capital Improvement Fund, Series A, 5.00%, 09/01/33

     5,370       5,931,219  

Rider University Issue, Series F, 4.00%, 07/01/42

     2,365       2,470,999  

Rider University Issue, Series F, 5.00%, 07/01/47

     2,185       2,469,705  
Security   Par
(000)		     Value  
Education (continued)            

New Jersey Educational Facilities Authority, Refunding RB:

    

Montclair State University, Series A, 5.00%, 07/01/39

   $ 15,555     $ 17,646,836  

Montclair State University, Series A, 5.00%, 07/01/44

     3,540       4,006,678  

New Jersey Institute of Technology, Series H, 5.00%, 07/01/31

     4,000       4,093,560  

Seton Hall University, Series D, 5.00%, 07/01/38

     500       557,545  

Seton Hall University, Series D, 5.00%, 07/01/43

     600       666,906  

Stevens Institute of Technology, Series A, 4.00%, 07/01/47

     1,145       1,237,997  

New Jersey Higher Education Student Assistance Authority, RB, AMT, Student Loan:

    

Senior Series 1A, 4.00%, 12/01/28

     815       858,513  

Senior Series 1A, 4.50%, 12/01/28

     1,975       2,113,151  

Senior Series 1A, 4.00%, 12/01/29

     540       567,508  

Senior Series 1A, 4.00%, 12/01/29

     4,050       4,302,760  

Senior Series 1A, 4.50%, 12/01/29

     2,475       2,646,839  

Senior Series 1A, 4.63%, 12/01/30

     2,425       2,600,812  

Senior Series 1A, 4.00%, 12/01/31

     880       919,706  

Senior Series 1A, 4.25%, 12/01/32

     1,455       1,550,317  

Senior Series 1A, 4.13%, 12/01/35

     535       555,908  

Senior Series 1A, 4.50%, 12/01/36

     1,280       1,368,026  

Sub-Series C, 4.00%, 12/01/48

     1,760       1,876,037  

New Jersey Higher Education Student Assistance Authority, Refunding RB, Series 1, AMT:

    

5.38%, 12/01/24

     630       675,851  

5.50%, 12/01/26

     755       811,497  

New Jersey Institute of Technology, RB, Series A:

    

5.00%, 07/01/42

     4,825       5,214,426  

5.00%, 07/01/45

     7,500       8,636,100  

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

     1,565       1,753,583  
   

 

 

  
      112,150,536  
Health — 13.6%            

County of Camden New Jersey Improvement Authority, Refunding RB, Cooper Healthcare System, Series A, 5.00%, 02/15/33

     2,000       2,245,840  

New Jersey EDA, RB, Reunding Cranes Mill Project:

    

5.00%, 01/01/34

     675       780,509  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Health (continued)            

5.00%, 01/01/39

   $ 675     $ 772,268  

5.00%, 01/01/49

     1,355       1,529,483  

New Jersey Health Care Facilities Financing Authority, RB:

    

Inspira Health Obligated Group, 5.00%, 07/01/42

     2,270       2,699,325  

Robert Wood Johnson University Hospital, Series A, 5.50%, 07/01/43

     7,105       7,979,483  

New Jersey Health Care Facilities Financing Authority, Refunding RB:

    

AHS Hospital Corp., 5.50%, 07/01/21(a)

     4,055       4,344,243  

AHS Hospital Corp., 6.00%, 07/01/21(a)

     4,180       4,512,394  

AHS Hospital Corp., 4.00%, 07/01/41

     1,600       1,770,672  

Catholic Health East Issue, 5.00%, 11/15/20(a)

     1,925       1,999,632  

Hackensack University Medical Center (AGM), 4.63%, 01/01/20(a)

     4,000       4,022,000  

Meridian Health System Obligated Group, 5.00%, 07/01/25

     1,000       1,096,250  

Meridian Health System Obligated Group, 5.00%, 07/01/26

     3,720       4,076,041  

Princeton Healthcare System, 5.00%, 07/01/34

     1,330       1,578,936  

Princeton Healthcare System, 5.00%, 07/01/39

     1,825       2,148,299  

RWJ Barnabas Health Obligated Group, Series A, 4.00%, 07/01/43

     1,865       2,007,020  

RWJ Barnabas Health Obligated Group, Series A, 5.00%, 07/01/43

     3,080       3,582,564  

St. Barnabas Health Care System, Series A, 5.00%, 07/01/21(a)

     3,640       3,869,102  

St. Barnabas Health Care System, Series A, 5.63%, 07/01/21(a)

     4,450       4,775,606  

St. Barnabas Health Care System, Series A, 5.63%, 07/01/21(a)

     4,860       5,215,606  

Virtua Health, 5.00%, 07/01/28

     3,000       3,428,430  
Security   Par
(000)		     Value  
Health (continued)            

Virtua Health, 5.00%, 07/01/29

   $ 715     $ 816,001  
   

 

 

  
      65,249,704  
Housing — 6.4%            

County of Atlantic New Jersey Improvement Authority, RB, Stockton University Atlantic City, Series A (AGM), 4.00%, 07/01/46

     1,300       1,389,206  

New Jersey Housing & Mortgage Finance Agency, RB:

    

Capital Fund Program, Series A (AGM), 5.00%, 05/01/27

     2,330       2,365,928  

M/F Housing, Series A, 4.55%, 11/01/43

     4,710       4,842,681  

S/F Housing, Series B, 4.50%, 10/01/30

     8,300       8,534,724  

New Jersey Housing & Mortgage Finance Agency, Refunding RB:

    

M/F Housing, Series 2, AMT, 4.60%, 11/01/38

     3,120       3,253,161  

M/F Housing, Series 2, AMT, 4.75%, 11/01/46

     3,795       3,911,810  

M/F Housing, Series A, 4.00%, 11/01/48

     370       393,055  

M/F Housing, Series A, 4.10%, 11/01/53

     220       233,011  

M/F, Series D, AMT, 4.25%, 11/01/37

     490       522,967  

M/F, Series D, AMT, 4.35%, 11/01/42

     1,000       1,058,080  

S/F Housing, Series A, 3.75%, 10/01/35

     3,905       4,189,870  
   

 

 

  
      30,694,493  
State — 23.6%            

Garden State Preservation Trust, RB, CAB, Series B (AGM)(b):

    

0.00%, 11/01/23

     15,725       14,747,062  

0.00%, 11/01/25

     10,000       8,966,000  

Garden State Preservation Trust, Refunding RB, Series C (AGM):

    

5.25%, 11/01/20

     5,000       5,196,450  

5.25%, 11/01/21

     7,705       8,305,913  

New Jersey EDA, RB:

    

CAB, Motor Vehicle Surcharge, Series A (NPFGC), 0.00%, 07/01/21(b)

     2,325       2,250,135  
 

 

 

     3  

 

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
State (continued)  

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/25(c)

   $ 535     $ 652,657  

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

     4,465       5,311,296  

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

     1,785       2,073,135  

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/26(c)

     1,415       1,774,637  

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

     6,085       7,388,103  

School Facilities Construction, Series KK, 5.00%, 03/01/38

     325       347,282  

Series WW, 5.25%, 06/15/33

     380       429,886  

Series WW, 5.00%, 06/15/34

     5,500       6,132,335  

Series WW, 5.00%, 06/15/36

     3,115       3,462,478  

Series WW, 5.25%, 06/15/40

     8,375       9,443,399  

New Jersey EDA, Refunding RB:

    

Cigarette Tax, 5.00%, 06/15/24

     5,000       5,412,050  

Cigarette Tax, 5.00%, 06/15/26

     1,250       1,350,088  

Cigarette Tax, 5.00%, 06/15/28

     2,430       2,618,495  

Cigarette Tax, 5.00%, 06/15/29

     3,195       3,438,523  

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

     1,000       1,241,100  

School Facilities Construction, Series NN, 5.00%, 03/01/29

     5,000       5,474,150  

Sub Series A, 5.00%, 07/01/33

     3,875       4,419,941  

Sub Series A, 4.00%, 07/01/34

     7,300       7,758,805  

Sub-Series A, 4.00%, 07/01/32

     5,000       5,334,150  
   

 

 

  
      113,528,070  
Tobacco — 3.6%            

Tobacco Settlement Financing Corp., Refunding RB:

    

Series A, 5.25%, 06/01/46

     1,960       2,278,324  

Sub-Series B, 5.00%, 06/01/46

     13,815       15,262,812  
   

 

 

  
      17,541,136  
Transportation — 35.5%            

Delaware River Port Authority, RB:

    

5.00%, 01/01/29

     2,000       2,291,780  

5.00%, 01/01/37

     8,830       10,013,661  

Series D (AGM), 5.00%, 01/01/20(a)

     5,200       5,231,460  

New Brunswick Parking Authority, Refunding RB, City Guaranteed, Series B (AGM), 3.00%, 09/01/39

     2,500       2,578,600  

New Jersey EDA, RB, Goethals Bridge Replacement Project, AMT, Private Activity Bond:

    

5.38%, 01/01/43

     7,730       8,691,999  

5.13%, 01/01/34

     2,290       2,566,518  
Security   Par
(000)		     Value  
Transportation (continued)  

New Jersey State Turnpike Authority, RB:

    

Series A, 5.00%, 01/01/35

   $ 1,440     $ 1,731,485  

Series E, 5.00%, 01/01/45

     8,000       9,167,040  

New Jersey State Turnpike Authority, Refunding RB:

    

Series A (AGM), 5.25%, 01/01/29

     4,000       5,267,920  

Series A (AGM), 5.25%, 01/01/30

     4,000       5,346,400  

Series A (BHAC), 5.25%, 01/01/29

     500       658,490  

Series B, 5.00%, 01/01/34

     2,300       2,820,582  

Series G, 5.00%, 01/01/36

     5,000       6,097,900  

Series G, 4.00%, 01/01/43

     3,320       3,677,896  

New Jersey Transportation Trust Fund Authority, RB:

    

CAB, Transportation System, Series A, 0.00%, 12/15/35(b)

     6,000       3,564,540  

CAB, Transportation System, Series C (AGM), 0.00%, 12/15/32(b)

     8,800       6,114,592  

CAB, Transportation System, Series C (AMBAC), 0.00%, 12/15/35(b)

     4,160       2,471,414  

CAB, Transportation System, Series C (AMBAC), 0.00%, 12/15/36(b)

     7,210       4,093,982  

Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 06/15/30

     2,250       2,623,770  

Series BB, 4.00%, 06/15/50

     3,325       3,455,739  

Transportation Program, Series AA, 5.00%, 06/15/33

     3,000       3,211,230  

Transportation Program, Series AA, 5.25%, 06/15/33

     5,690       6,311,007  

Transportation Program, Series AA, 5.25%, 06/15/34

     1,305       1,473,919  

Transportation Program, Series AA, 5.00%, 06/15/38

     2,340       2,559,515  

Transportation System, Series A, 6.00%, 06/15/35

     6,365       6,742,572  

Transportation System, Series A, 5.00%, 06/15/42

     5,000       5,319,400  

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

     1,205       1,424,599  

Transportation System, Series B, 5.25%, 06/15/36

     2,500       2,619,325  

Transportation System, Series D, 5.00%, 06/15/32

     3,300       3,670,194  
 

 

 

4        

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Transportation (continued)  

New Jersey Transportation Trust Fund Authority, Refunding RB, Series A:

    

Federal Highway Reimbursement, 5.00%, 06/15/31

   $ 6,730     $ 7,815,482  

Transportation System, 5.00%, 12/15/32

     4,285       5,030,804  

Transportation System, 5.00%, 12/15/35

     2,435       2,832,757  

New Jersey Turnpike Authority, Refunding RB, Series B, 5.00%, 01/01/40

     5,740       6,941,669  

Port Authority of New York & New Jersey, ARB:

    

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

     1,000       1,191,790  

Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 5.75%, 12/01/25

     3,000       3,099,570  

Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42

     4,000       4,166,600  

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

    

178th Series, 5.00%, 12/01/33

     4,005       4,520,323  

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

     3,110       3,718,472  

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

     3,475       4,127,014  

South Jersey Port Corp., Refunding ARB, Marine Terminal, Series B:

    

5.00%, 01/01/42

     3,000       3,498,180  

5.00%, 01/01/48

     1,500       1,722,600  
   

 

 

  
      170,462,790  
Utilities — 6.4%            

County of Essex New Jersey Utilities Authority, Refunding RB, (AGC), 4.13%, 04/01/22

     2,000       2,003,540  

New Jersey EDA, Refunding RB:

    

New Jersey Natural Gas Company Project, 3.38%, 04/01/38

     2,230       2,294,826  

New Jersey Natural Gas Company Project, 3.50%, 04/01/42

     1,675       1,725,485  

North Hudson New Jersey Sewerage Authority, Refunding RB, Series A (NPFGC), 5.13%, 08/01/20(c)

     6,045       6,213,958  

Rahway Valley Sewerage Authority, RB, CAB, Series A (NPFGC)(b):

    

0.00%, 09/01/26

     4,100       3,638,914  

0.00%, 09/01/28

     6,600       5,525,388  

0.00%, 09/01/29

     9,650       7,796,717  
Security   Par
(000)		     Value  
Utilities (continued)  

0.00%, 09/01/33

   $ 2,350     $ 1,645,188  
   

 

 

  
      30,844,016  
   

 

 

  
Total Municipal Bonds in New Jersey         631,976,467  
   

 

 

  

Puerto Rico — 3.4%

    
State — 3.4%            

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

    

Series A-1, 4.75%, 07/01/53

     1,907       1,966,842  

Series A-1, 5.00%, 07/01/58

     3,301       3,454,695  

Series A-2, 4.33%, 07/01/40

     8,500       8,612,370  

Series A-2, 4.78%, 07/01/58

     740       761,630  

Series B-1, 4.75%, 07/01/53

     638       657,497  

Series B-2, 4.78%, 07/01/58

     618       634,247  
   

 

 

  
Total Municipal Bonds in Puerto Rico         16,087,281  
   

 

 

  

Total Municipal Bonds — 135.0%
(Cost — $595,571,828)

       648,063,748  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(f) — 27.8%

 

New Jersey — 27.8%

    
Corporate — 3.9%            

County of Union New Jersey Utilities Authority, Refunding RB, Series A, AMT, Resource Recovery Facility, Covanta Union, Inc., 5.25%, 12/01/31

     17,300       18,605,458  
   

 

 

  
County/City/Special District/School District — 1.6%        

County of Union New Jersey Utilities Authority, Refunding RB, Series A, AMT, County Deficiency Agreement, 5.00%, 06/15/41

     7,573       7,993,250  
   

 

 

  
 

 

 

          5  

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Education — 2.3%            

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

   $ 10,000     $ 11,067,000  
   

 

 

  
Health — 1.4%            

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

     6,133       6,655,782  
   

 

 

  
State — 4.8%            

Garden State Preservation Trust, RB, Election of 2005, Series A (AGM), 5.75%, 11/01/28

     12,460       15,644,402  

New Jersey EDA, Refunding RB, School Facilities Construction, Series NN, 5.00%, 03/01/29(g)

     6,698       7,333,359  
   

 

 

  
      22,977,761  
Transportation — 9.0%            

County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project, 5.25%, 05/01/51

     3,120       3,704,813  

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

     9,300       10,235,673  

New Jersey Transportation Trust Fund Authority, RB, Transportation System, Series B, 5.25%, 06/15/36

     2,661       2,787,605  

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

    

163rd Series, 5.00%, 07/15/39

     15,545       15,924,288  

169th Series, 5.00%, 10/15/41

     10,000       10,599,800  
   

 

 

  
      43,252,179  
Security   Par
(000)		     Value  
Utilities — 4.8%            

New Jersey EDA, Refunding RB, New Jersey Natural Gas Company Project, AMT(g):

    

3.00%, 08/01/41

   $ 9,749     $ 9,411,052  

3.00%, 08/01/43

     14,021       13,534,997  
   

 

 

  
      22,946,049  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 27.8%
(Cost — $126,828,027)

 

     133,497,479  
   

 

 

  

Total Long-Term Investments — 162.8%
(Cost — $722,399,855)

       781,561,227  
   

 

 

  
     Shares         
Short-Term Securities — 0.1%  

BlackRock Liquidity Funds, MuniCash, Institutional Class, 1.04%(h)(i)

     613,163       613,224  
   

 

 

  

Total Short-Term Securities — 0.1%
(Cost — $613,224)

       613,224  
   

 

 

  

Total Investments — 162.9%
(Cost — $723,013,079)

 

     782,174,451  

Other Assets Less Liabilities — 1.4%

 

     6,611,311  

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

 

     (71,527,125 ) 

VRDP Shares, at Liquidation Value, Net of Deferred
Offering Costs — (49.4)%

 

     (237,100,000 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 480,158,637  
   

 

 

  
 
(a)

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.

(b)

Zero-coupon bond.

(c)

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

(d) 

When-issued security.

(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) 

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.

(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 01, 2020 to February 01, 2037, is $24,100,690.

(h)

Annualized 7-day yield as of period end.

 

 

6        

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

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

 

(i)

During the period ended October 31, 2019, investments in issuers considered to be an affiliate/affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate    Shares
Held at
07/31/19		      Net
Activity		      Shares
Held at
10/31/19		      Value at
10/31/19		      Income      Net Realized
Gain (Loss) (a)		      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

      2,382,612        (1,769,449 )       613,163      $ 613,224      $ 1,256      $ (97 )     $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 

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.

 

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
BAM    Build America Mutual Assurance Co.
BHAC    Berkshire Hathaway Assurance Corp.
CAB    Capital Appreciation Bonds
EDA    Economic Development Authority
GO    General Obligation Bonds
LRB    Lease Revenue Bonds
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
RB    Revenue Bonds
S/F    Single-Family

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

      87          12/19/19        $ 11,336        $ 17,506  

Long U.S. Treasury Bond

      93          12/19/19          15,008          64,296  

5-Year U.S. Treasury Note

      52          12/31/19          6,199          10,658  
                 

 

 

  
                  $ 92,460  
                 

 

 

  

 

 

     7  

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

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

 

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 Fund has the ability to access

 

  •  

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

 

  •  

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee”) 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. 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 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 Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.

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

 

      Level 1        Level 2        Level 3        Total  

Assets:

                 

Investments:

                 

Long-Term Investments(a)

    $ —        $ 781,561,227        $             —        $ 781,561,227  

Short-Term Securities

     613,224          —          —          613,224  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 613,224        $ 781,561,227        $ —        $ 782,174,451  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(b)

                  

Assets:

                 

Interest rate contracts

   $ 92,460        $ —        $ —        $ 92,460  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

See above Schedule of Investments for values in each sector.

 
  (b) 

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 disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities:

 

TOB Trust Certificates

   $ —        $ (71,299,741 )       $             —        $ (71,299,741 ) 

VRDP Shares at Liquidation Value

     —          (237,100,000 )         —          (237,100,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (308,399,741 )       $ —        $ (308,399,741 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

8