NPORT-EX 2 NPORT_3895765598823212.htm BlackRock MuniHoldings Fund

Schedule of Investments (unaudited)

January 31, 2021

   

BlackRock MuniHoldings Fund, Inc. (MHD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

Municipal Bonds

    

Alabama — 2.0%

    

County of Jefferson Alabama Sewer Revenue, Refunding RB

    

Series A, Senior Lien, (AGM), 5.00%, 10/01/44

   $ 570     $ 640,213  

Series A, Senior Lien, (AGM), 5.25%, 10/01/48

       1,090       1,225,923  

Series D, Sub Lien, 6.00%, 10/01/42

     1,000       1,161,520  

Series D, Sub Lien, 7.00%, 10/01/51

     1,545       1,832,447  
   

 

 

  
      4,860,103  
Arizona — 3.1%            

Glendale Industrial Development Authority, RB

    

5.00%, 05/15/41

     65       73,635  

5.00%, 05/15/56

     260       292,570  

Industrial Development Authority of the City of Phoenix, RB, Series A, 5.00%, 07/01/46(a)

     1,230       1,304,932  

Salt Verde Financial Corp., RB

    

5.00%, 12/01/32

     2,000       2,701,100  

5.00%, 12/01/37

     2,360       3,430,048  
   

 

 

  
        7,802,285  
Arkansas — 1.0%            

Arkansas Development Finance Authority, RB

    

5.00%, 12/01/47

     385       480,688  

AMT, 4.50%, 09/01/49(a)

     1,810       1,994,493  
   

 

 

  
      2,475,181  
California — 7.2%            

California Educational Facilities Authority, RB, Series V-1, 5.00%, 05/01/49

     1,545       2,519,323  

California Health Facilities Financing Authority, Refunding RB

    

Series A, 5.00%, 07/01/33

     875       972,440  

Series A, 4.00%, 04/01/45

     280       325,702  

California Municipal Finance Authority, RB, S/F Housing

    

Series A, 5.25%, 08/15/39

     105       115,632  

Series A, 5.25%, 08/15/49

     265       284,610  

California Municipal Finance Authority, Refunding RB, Series A, 5.00%, 02/01/42

     165       191,885  

California Pollution Control Financing Authority, RB, Series A, AMT, 5.00%, 11/21/45(a)

     1,025       1,094,946  

California State Public Works Board, RB, Series I, 5.00%, 11/01/38

     550       619,476  

City of Los Angeles Department of Airports, RB(b)

    

5.00%, 05/15/31

     245       334,572  

5.00%, 05/15/32

     295       399,519  

5.00%, 05/15/33

     290       390,775  

5.00%, 05/15/34

     305       408,907  

5.00%, 05/15/35

     480       639,230  

5.00%, 05/15/38

     210       276,856  

5.00%, 05/15/39

     225       295,666  

5.00%, 05/15/40

     465       609,103  

5.00%, 05/15/41

     505       659,343  

Golden State Tobacco Securitization Corp., Refunding RB, Series A-2, 5.00%, 06/01/47

     1,950       2,028,312  

Montebello Unified School District, GO, CAB, (NATL), 0.00%, 08/01/22(c)

     2,405       2,382,201  

San Diego Unified School District, GO, CAB(c) Series A, 0.00%, 07/01/29

     3,080       2,830,458  
Security  

Par

(000)

     Value  

 

  
California (continued)            

San Diego Unified School District, GO,
CAB(c) (continued)

    

Series A, 0.00%, 07/01/29(d)

   $ 395     $ 357,736  

Stockton Public Financing Authority, RB, Series A, 6.25%, 10/01/23(e)

     255       296,499  
   

 

 

  
      18,033,191  
Colorado — 2.3%            

Arapahoe County School District No.6 Littleton, GO, Series A, (SAW), 5.50%, 12/01/43

     1,260       1,675,359  

Colorado Educational & Cultural Facilities Authority, RB, (St Hgr Ed Intercept Prog), 5.50%, 07/01/40

     1,455       1,460,325  

Colorado Health Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44

     1,285       1,473,715  

State of Colorado, COP, Series O, 4.00%, 03/15/44

     930       1,097,484  
   

 

 

  
      5,706,883  
Connecticut — 1.3%            

State of Connecticut Special Tax Revenue, RB

    

Series A, 4.00%, 05/01/36

     240       290,923  

Series A, 4.00%, 05/01/39

     150       180,128  

State of Connecticut, GO, Series A, 4.00%, 01/15/38

     2,260       2,718,735  
   

 

 

  
      3,189,786  
Delaware — 0.4%            

Delaware Transportation Authority, RB, 5.00%, 06/01/55

     840       972,199  
   

 

 

  
District of Columbia — 6.4%            

District of Columbia, Refunding RB

    

5.00%, 04/01/35

     315       378,662  

5.00%, 10/01/48

     1,695       2,053,204  

District of Columbia, TA, 5.13%, 06/01/41

     1,520       1,544,016  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB

    

Series A, 5.00%, 10/01/53

     1,475       1,531,168  

Series B, Subordinate, 4.00%, 10/01/49

     555       630,835  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, CAB, Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/35(c)

       13,485       9,860,771  
   

 

 

  
        15,998,656  
Florida — 3.9%            

Capital Projects Finance Authority, Refunding RB

    

Series A-1, 5.00%, 10/01/32

     140       163,561  

Series A-1, 5.00%, 10/01/33

     155       179,749  

Series A-1, 5.00%, 10/01/34

     155       178,830  

Series A-1, 5.00%, 10/01/35

     50       57,380  

Collier County Health Facilities Authority, Refunding RB, Series A, 5.00%, 05/01/45

     960       1,089,782  

Florida Development Finance Corp., RB

    

Series A, 5.00%, 06/15/40

     155       177,476  

Series A, 5.00%, 06/15/50

     520       589,129  

Series A, 5.00%, 06/15/55

     310       350,542  

Miami-Dade County Florida Aviation Revenue, Refunding RB

    

Series A, 4.00%, 10/01/37

     235       287,426  

Series A, 4.00%, 10/01/38

     235       285,222  

Series A, 4.00%, 10/01/39

     175       211,738  

Mid-Bay Bridge Authority, RB, Series A, 7.25%, 10/01/21(e)

     2,095       2,194,345  
 

 

 

S C H E D U L E   O F   I N V E S T M E N T S   1

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniHoldings Fund, Inc. (MHD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  
Florida (continued)            

Sarasota County Florida Utility System Revenue RB

    

Series A, 5.00%, 10/01/45

   $ 310     $ 410,428  

Series A, 5.00%, 10/01/50

     465       608,443  

Village Community Development District No.10, SAB, 5.13%, 05/01/43

     1,340       1,398,236  

Volusia County Educational Facility Authority, Refunding RB, 5.00%, 10/15/49

     1,265       1,544,299  
   

 

 

  
        9,726,586  
Georgia — 2.3%            

Gainesville & Hall County Hospital Authority, Refunding RB, Series A, (GTD), 5.50%, 08/15/54

     370       439,915  

Georgia Housing & Finance Authority, RB, S/F Housing, Series B, 2.50%, 06/01/50

     520       531,643  

Main Street Natural Gas, Inc., RB

    

Series A, 5.00%, 05/15/35

     360       502,952  

Series A, 5.00%, 05/15/36

     360       507,668  

Series A, 5.00%, 05/15/37

     400       570,360  

Series A, 5.00%, 05/15/38

     220       317,093  

Series A, 5.00%, 05/15/49

     725       1,126,781  

Municipal Electric Authority of Georgia, RB, 4.00%, 01/01/49

     1,135       1,295,398  

Municipal Electric Authority of Georgia, Refunding RB, Sub-Series A, 4.00%, 01/01/49

     440       502,621  
   

 

 

  
      5,794,431  
Idaho — 0.3%            

Idaho Health Facilities Authority, RB, Series 2017, 5.00%, 12/01/46

     540       650,187  
   

 

 

  
Illinois — 11.4%            

Chicago Board of Education, GO

    

Series C, 5.25%, 12/01/35

     1,075       1,202,398  

Series D, 5.00%, 12/01/46

     1,405       1,557,292  

Series H, 5.00%, 12/01/36

     350       415,044  

Chicago Board of Education, Refunding GO

    

Series C, 5.00%, 12/01/27

     500       622,390  

Series C, 5.00%, 12/01/30

     605       737,749  

Series F, 5.00%, 12/01/22

     455       490,085  

Series G, 5.00%, 12/01/34

     315       376,362  

Chicago O’Hare International Airport, Refunding RB, Series A, Senior Lien, 4.00%, 01/01/37

     675       813,092  

Chicago Transit Authority Sales Tax Receipts Fund, RB, 5.25%, 12/01/21(e)

     730       761,054  

City of Chicago Illinois Special Assessment Revenue, SAB, 6.75%, 12/01/32

     862       864,491  

City of Chicago Illinois Waterworks Revenue, Refunding RB, 2nd Lien, 5.00%, 11/01/42

     1,000       1,068,050  

Cook County Community College District No.508, GO, 5.50%, 12/01/38

     560       626,332  

Illinois State Toll Highway Authority, RB

    

Series A, 5.00%, 01/01/45

     930       1,201,021  

Series C, 5.00%, 01/01/37

     2,000       2,346,560  

Metropolitan Pier & Exposition Authority, RB, Series A, 5.00%, 06/15/57

     630       734,826  

Metropolitan Pier & Exposition Authority, Refunding RB, 4.00%, 06/15/50

     970       1,072,480  

Metropolitan Pier & Exposition Authority, Refunding RB, CAB(c)

    

Series B, (AGM), 0.00%, 06/15/43

     3,765       1,943,681  

Series B, (AGM), 0.00%, 06/15/47

       13,220       5,847,206  
Security  

Par

(000)

     Value  

 

  

Illinois (continued)

    

Railsplitter Tobacco Settlement Authority, RB, 6.00%, 06/01/21(e)

   $ 800     $ 815,680  

State of Illinois, GO

    

5.00%, 02/01/39

     1,100       1,213,289  

Series A, 5.00%, 04/01/38

       2,625       2,831,509  

University of Illinois, RB, Series A, 5.00%, 04/01/44

     705       796,142  
   

 

 

  
        28,336,733  
Indiana — 2.9%            

City of Valparaiso Indiana, RB

    

AMT, 6.75%, 01/01/34

     560       614,650  

AMT, 7.00%, 01/01/44

     1,355       1,479,687  

Indiana Finance Authority, RB

    

Series A, 1st Lien, 5.25%, 10/01/38

     2,275       2,348,733  

Series A, AMT, 5.00%, 07/01/44

     310       332,943  

Series A, AMT, 5.00%, 07/01/48

     1,030       1,106,035  

Series A, AMT, 5.25%, 01/01/51

     290       312,936  

Indianapolis Local Public Improvement Bond Bank, RB, Series A, 5.00%, 01/15/40

     880       959,314  
   

 

 

  
      7,154,298  
Iowa — 1.5%            

Iowa Finance Authority, Refunding RB

    

5.25%, 12/01/25

     320       359,181  

5.88%, 12/01/26

     285       294,684  

Series B, 5.25%, 12/01/50(f)

     1,955       2,190,226  

Iowa Tobacco Settlement Authority, Refunding RB, Series C, 5.63%, 06/01/46

     980       991,887  
   

 

 

  
      3,835,978  
Kentucky — 0.7%            

Kentucky Economic Development Finance Authority, RB, Series A, 5.25%, 01/01/23(e)

     705       773,456  

Kentucky Public Transportation Infrastructure Authority, RB, CAB, Series C, Convertible, 6.75%, 07/01/43(g)

     865       1,021,219  
   

 

 

  
      1,794,675  
Louisiana — 1.3%            

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.50%, 05/15/30

     555       556,132  

Series A, 5.25%, 05/15/31

     600       607,002  

Series A, 5.25%, 05/15/32

     765       804,826  

Series A, 5.25%, 05/15/33

     830       873,168  

Series A, 5.25%, 05/15/35

     350       381,756  
   

 

 

  
      3,222,884  
Maryland — 0.2%            

Maryland Health & Higher Educational Facilities Authority, RB, Series 2017, 5.00%, 12/01/46

     305       372,612  
   

 

 

  
Massachusetts — 1.4%            

Massachusetts Development Finance Agency, Refunding RB, Series P, 5.45%, 05/15/59

     1,165       1,532,593  

Massachusetts Housing Finance Agency, RB, M/F Housing

    

Series C-1, 3.15%, 12/01/49

     400       420,884  

Series C-1, 3.25%, 12/01/54

     1,475       1,557,939  
   

 

 

  
      3,511,416  
Michigan — 2.3%            

City of Detroit Michigan Sewage Disposal System Revenue, Refunding RB, Series A, Senior Lien, 5.25%, 07/01/22(e)

     3,085       3,308,416  
 

 

 

2  

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniHoldings Fund, Inc. (MHD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

Michigan (continued)

    

Michigan Finance Authority, Refunding RB, Series A, 4.00%, 12/01/49

   $ 590     $ 699,427  

Michigan State University, Refunding RB, Series B, 5.00%, 02/15/48

     730       897,148  

Michigan Strategic Fund, RB, AMT, 5.00%, 06/30/48

     785       946,255  
   

 

 

  
        5,851,246  
Minnesota — 1.1%            

Duluth Economic Development Authority, Refunding RB

    

Series A, 4.25%, 02/15/48

     750       835,965  

Series A, 5.25%, 02/15/53

     1,500       1,779,975  
   

 

 

  
      2,615,940  
Missouri — 1.0%            

Health & Educational Facilities Authority of the State of Missouri, RB, 4.00%, 06/01/53

       2,075       2,422,666  

Health & Educational Facilities Authority of the State of Missouri, Refunding RB, 5.50%, 05/01/43

     175       185,684  
   

 

 

  
      2,608,350  
Nebraska — 0.3%            

Central Plains Energy Project, RB, 5.25%, 09/01/37

     575       618,758  
   

 

 

  
New Hampshire(a) — 0.7%            

New Hampshire Business Finance Authority, Refunding RB

    

Series B, 4.63%, 11/01/42

     1,105       1,157,697  

Series C, AMT, 4.88%, 11/01/42

     575       605,826  
   

 

 

  
      1,763,523  
New Jersey — 14.3%            

Casino Reinvestment Development Authority, Inc., Refunding RB

    

5.25%, 11/01/39

     735       788,582  

5.25%, 11/01/44

     1,095       1,169,142  

Hudson County Improvement Authority, RB, 4.00%, 10/01/46

     1,195       1,417,999  

New Jersey Economic Development Authority, RB

    

4.00%, 11/01/38

     370       423,998  

4.00%, 11/01/39

     295       337,265  

5.00%, 06/15/49

     1,670       2,040,573  

Series EEE, 5.00%, 06/15/48

     2,705       3,245,567  

AMT, 5.13%, 09/15/23

     1,090       1,153,405  

New Jersey Economic Development Authority, Refunding ARB, AMT, 5.00%, 10/01/47

     1,060       1,224,417  

New Jersey Economic Development Authority, Refunding SAB, 5.75%, 04/01/31

     1,550       1,635,498  

New Jersey Transportation Trust Fund Authority, RB

    

Series A, 5.50%, 06/15/21(e)

     1,575       1,606,201  

Series AA, 5.00%, 06/15/44

     895       989,872  

Series AA, 5.00%, 06/15/50

     430       534,623  

Series BB, 4.00%, 06/15/50

     1,085       1,212,520  

Series BB, 5.00%, 06/15/50

     3,720       4,458,718  

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

     1,705       1,736,253  

New Jersey Turnpike Authority, RB

    

Series A, 5.00%, 07/01/22(e)

     715       759,966  

Series A, 4.00%, 01/01/42(b)

     525       631,066  

Series E, 5.00%, 01/01/45

     1,875       2,175,037  

State of New Jersey, GO Series A, 4.00%, 06/01/31

     405       509,312  
Security  

Par

(000)

     Value  

 

  

New Jersey (continued)

    

State of New Jersey, GO (continued)

    

Series A, 3.00%, 06/01/32

   $ 935     $ 1,079,570  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.25%, 06/01/46

     390       477,465  

Sub-Series B, 5.00%, 06/01/46

       5,150       6,130,508  
   

 

 

  
      35,737,557  
NewYork — 11.9%            

City of New York, GO, Series C, 5.00%, 08/01/42

     805       1,043,529  

Erie Tobacco Asset Securitization Corp., Refunding RB, Series A, 5.00%, 06/01/45

     1,405       1,417,715  

Metropolitan Transportation Authority, RB, Series B, 5.25%, 11/15/38

     1,715       1,930,404  

Metropolitan Transportation Authority, Refunding RB

    

Series C-1, 4.75%, 11/15/45

     1,145       1,384,969  

Series C-1, 5.00%, 11/15/50

     370       454,837  

Series C-1, 5.25%, 11/15/55

     550       686,906  

Monroe County Industrial Development Corp., Refunding RB

    

4.00%, 12/01/46

     375       424,234  

Series A, 4.00%, 07/01/50

     770       908,192  

New York City Housing Development Corp., RB, M/F Housing, Series A, 3.00%, 11/01/55

     765       792,662  

New York City Transitional Finance Authority Future Tax Secured Revenue, RB

    

Series C, 4.00%, 05/01/45

     780       930,587  

Sub-Series C-1, 4.00%, 05/01/40

     310       374,840  

Sub-Series E-1, 5.00%, 02/01/42

     310       324,688  

New York Counties Tobacco Trust IV, Refunding RB

    

Series A, 5.00%, 06/01/38

     1,415       1,415,226  

Series A, 6.25%, 06/01/41(a)

     1,300       1,321,008  

New York Liberty Development Corp., Refunding RB(a)

    

Series 1, Class 1, 5.00%, 11/15/44

     2,275       2,468,830  

Series 2, Class 2, 5.15%, 11/15/34

     245       268,748  

Series 2, Class 2, 5.38%, 11/15/40

     605       665,621  

New York State Environmental Facilities Corp., RB, Series B, Subordinate, 5.00%, 06/15/48

     1,305       1,639,850  

New York State Urban Development Corp., RB

    

Series A, 4.00%, 03/15/49

     5,700       6,729,192  

Series A, 3.00%, 03/15/50

     930       999,620  

New York Transportation Development Corp., RB

    

AMT, 5.00%, 10/01/35

     255       316,876  

AMT, 5.00%, 10/01/40

     730       900,864  

Port Authority of New York & New Jersey Refunding RB, AMT, 4.00%, 07/15/61(b)

     795       916,770  

Triborough Bridge & Tunnel Authority, RB

    

Series A, 4.00%, 11/15/54

     190       224,242  

Series A, 5.00%, 11/15/54

     610       782,782  

Westchester County Healthcare Corp., RB, Series A, Senior Lien, 5.00%, 11/01/44

     220       242,651  
   

 

 

  
        29,565,843  
North Carolina — 0.4%            

North Carolina Medical Care Commission, Refunding RB, Series A, 7.75%, 03/01/21(e)

     415       417,523  

University of North Carolina at Chapel Hill, RB, 5.00%, 02/01/49

     390       620,174  
   

 

 

  
      1,037,697  
 

 

 

S C H E D U L E   O F   I N V E S T M E N T S   3

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniHoldings Fund, Inc. (MHD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

North Dakota — 0.3%

    

County of Cass North Dakota, Refunding RB, Series B, 5.25%, 02/15/58

   $ 695     $ 844,745  
   

 

 

  
Ohio — 3.3%            

Buckeye Tobacco Settlement Financing Authority, Refunding RB

    

Series A-2, Class 1, 4.00%, 06/01/37

     210       254,006  

Series A-2, Class 1, 4.00%, 06/01/38

     210       253,556  

Series A-2, Class 1, 4.00%, 06/01/39

     210       252,762  

Series A-2, Class 1, 4.00%, 06/01/48

     550       637,808  

Series B-2, Class 2, 5.00%, 06/01/55

       2,150       2,506,104  

County of Franklin Ohio, RB

    

Series 2017, 5.00%, 12/01/46

     290       353,626  

Series A, 6.13%, 07/01/22(e)

     30       32,558  

Series A, 6.13%, 07/01/40

     440       469,542  

Series A, 4.00%, 12/01/49

     365       429,488  

County of Hamilton Ohio, Refunding RB

    

4.00%, 08/15/50

     430       502,520  

Series A, 3.75%, 08/15/50

     755       853,731  

County of Montgomery Ohio, Refunding RB, 3.00%, 08/01/51(b)

     435       462,144  

Ohio Air Quality Development Authority, RB, AMT, 5.00%, 07/01/49(a)

     535       599,457  

State of Ohio, RB, AMT, 5.00%, 06/30/53

     580       648,254  
   

 

 

  
        8,255,556  
Oklahoma — 1.7%            

Oklahoma Development Finance Authority, RB, Series B, 5.25%, 08/15/48

     855       1,006,993  

Oklahoma Turnpike Authority, RB

    

Series A, 4.00%, 01/01/48

     1,500       1,709,745  

Series C, 4.00%, 01/01/42

     1,420       1,638,325  
   

 

 

  
      4,355,063  
Oregon — 1.5%            

Medford Hospital Facilities Authority, Refunding RB, Series A, 4.00%, 08/15/50

     1,210       1,427,619  

Port of Portland Oregon Airport Revenue, Refunding ARB, Series 27-A, AMT, 5.00%, 07/01/45

     1,290       1,623,581  

Warm Springs Reservation Confederated Tribe, Refunding RB, Series B, 5.00%, 11/01/39(a)

     650       773,578  
   

 

 

  
      3,824,778  
Pennsylvania — 4.3%            

Hospitals & Higher Education Facilities Authority of Philadelphia, RB, Series A, 5.63%, 07/01/42

     460       477,945  

Lancaster Industrial Development Authority, RB, 5.00%, 12/01/49

     950       1,061,017  

Montgomery County Higher Education and Health Authority, Refunding RB

    

Series A, 5.00%, 09/01/43

     905       1,085,403  

Series A, 4.00%, 09/01/49

     415       458,413  

Pennsylvania Economic Development Financing Authority, RB, AMT, 5.00%, 06/30/42

     2,015       2,319,063  

Pennsylvania Economic Development Financing Authority, Refunding RB, AMT, 5.50%, 11/01/44

     1,105       1,174,294  

Pennsylvania Higher Educational Facilities Authority, RB, 4.00%, 08/15/49

     1,680       1,951,438  
Security  

Par

(000)

     Value  

 

  

Pennsylvania (continued)

    

Pennsylvania Turnpike Commission RB, 4.00%, 12/01/50

   $ 985     $ 1,152,598  

Pennsylvania Turnpike Commission, RB, Series A, 5.00%, 12/01/44

     795       928,488  
   

 

 

  
        10,608,659  
Puerto Rico — 5.7%            

Children’s Trust Fund, Refunding RB

    

5.50%, 05/15/39

     475       487,431  

5.63%, 05/15/43

     500       506,075  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB

    

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

     1,845       1,944,501  

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

     510       539,595  

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

    

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

     3,308       3,702,280  

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

       4,568       5,187,695  

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

     62       68,533  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB(c)

    

Series A-1, Restructured, 0.00%, 07/01/46

     4,955       1,567,019  

Series A-1, Restructured, 0.00%, 07/01/51

     1,442       327,637  
   

 

 

  
      14,330,766  
Rhode Island — 2.2%            

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/35

     580       673,647  

Series B, 4.50%, 06/01/45

     1,900       2,019,168  

Series B, 5.00%, 06/01/50

     2,605       2,816,578  
   

 

 

  
      5,509,393  
South Carolina — 3.3%            

South Carolina Jobs-Economic Development Authority, Refunding RB, Series A, 5.00%, 05/01/48

     2,245       2,655,925  

South Carolina Public Service Authority, RB, Series A, 5.50%, 12/01/54

     2,410       2,798,998  

South Carolina Public Service Authority, Refunding RB

    

Series A, 5.00%, 12/01/50

     1,035       1,208,041  

Series E, 5.25%, 12/01/55

     1,225       1,470,968  
   

 

 

  
      8,133,932  
Tennessee — 1.0%            

Chattanooga Health Educational & Housing Facility Board, RB, Series A, 5.25%, 01/01/23(e)

     980       1,075,246  

Chattanooga Health Educational & Housing Facility Board, Refunding RB, Series A, 4.00%, 08/01/44

     115       130,938  

Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB

    

Series A, 5.00%, 07/01/40

     495       578,997  

Series A, 5.25%, 10/01/58

     705       825,294  
   

 

 

  
      2,610,475  
Texas — 5.5%            

Central Texas Regional Mobility Authority, RB, Series E, Senior Lien, 4.00%, 01/01/50

     1,555       1,794,641  

Central Texas Regional Mobility Authority, Refunding RB, Sub Lien,
5.00%, 01/01/23(e)

     250       273,160  

City of Austin Texas Airport System Revenue, ARB, AMT, 5.00%, 11/15/39

     440       505,534  

City of Austin Texas Electric Utility Revenue, Refunding RB, Series A, 5.00%, 11/15/37

     1,500       1,626,045  
 

 

 

4  

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniHoldings Fund, Inc. (MHD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

Texas (continued)

    

City of San Antonio Texas Electric & Gas Systems Revenue, Refunding RB, Series A, 5.00%, 02/01/48

   $ 850     $ 1,076,270  

Harris County Cultural Education Facilities Finance Corp., RB,
Series B, 7.00%, 01/01/23(e)

     325       367,263  

North Texas Tollway Authority, RB, CAB, Series B, 0.00%, 09/01/31(c)(e)

     1,400       768,488  

San Antonio Water System, Refunding RB, Series A, Junior Lien, 5.00%, 05/15/48

     945       1,192,439  

Tarrant County Cultural Education Facilities Finance Corp., RB, Series B, 5.00%, 07/01/48

       3,330       4,135,327  

Texas Municipal Gas Acquisition & Supply Corp. III Refunding RB(b)

    

5.00%, 12/15/30

     340       453,808  

5.00%, 12/15/32

     310       425,909  

Texas Transportation Commission, RB, Series A, 5.00%, 08/01/57

     845       994,523  
   

 

 

  
        13,613,407  
Utah — 1.0%            

County of Utah UT, RB

    

Series A, 4.00%, 05/15/43

     155       186,197  

Series A, 3.00%, 05/15/50

     710       762,611  

Salt Lake City Corp. Airport Revenue, ARB

    

Series A, AMT, 5.00%, 07/01/47

     665       788,537  

Series A, AMT, 5.00%, 07/01/48

     640       767,155  
   

 

 

  
      2,504,500  
Virginia — 1.4%            

Hanover County Economic Development Authority, Refunding RB, Series A, 5.00%, 07/01/47

     970       981,747  

Virginia Small Business Financing Authority, RB

    

AMT, Senior Lien, 5.25%, 01/01/32

     550       586,745  

AMT, Senior Lien, 6.00%, 01/01/37

     1,830       1,969,922  
   

 

 

  
      3,538,414  
Washington — 2.4%            

Grant County Public Utility District No.2 Priest Rapids Hydroelectric Project, Refunding RB, Series A, 5.00%, 01/01/26(e)

     1,555       1,913,801  

Port of Seattle Washington, ARB

    

Series A, AMT, 5.00%, 05/01/43

     1,085       1,291,855  

Series C, AMT, 5.00%, 04/01/40

     540       620,843  

Washington Health Care Facilities Authority, RB, Series A, 5.75%, 01/01/23(e)

     1,625       1,799,200  

Washington Health Care Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44

     250       282,885  
   

 

 

  
      5,908,584  
Wisconsin — 0.3%            

Public Finance Authority, RB

    

Series A, 5.00%, 07/15/39(a)

     100       107,210  

Series A, 5.00%, 07/15/49(a)

     245       257,765  
Security  

Par

(000)

     Value  

 

  

Wisconsin (continued)

    

Public Finance Authority, RB (continued)

    

Series A, 5.00%, 07/15/54(a)

   $ 115     $ 120,446  

Series B, 5.00%, 06/01/49

     320       354,896  
   

 

 

  
      840,317  
   

 

 

  

Total Municipal Bonds — 115.5%
(Cost: $252,988,932)

         288,115,587  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

California — 2.2%            

Bay Area Toll Authority, Refunding RB, 4.00%, 04/01/42(i)

     2,257       2,626,507  

Sacramento Area Flood Control Agency, Refunding SAB, 5.00%, 10/01/47

       2,250       2,740,383  
   

 

 

  
      5,366,890  
Colorado — 2.0%            

City & County of Denver Colorado Airport System Revenue, Refunding ARB, Series A, AMT, 5.25%, 12/01/48(i)

     1,664       2,030,147  

County of Adams Colorado, Refunding COP, 4.00%, 12/01/45

     2,700       3,024,594  
   

 

 

  
      5,054,741  
District of Columbia — 0.6%            

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Series B, Subordinate, (AGM), 4.00%, 10/01/53

     1,299       1,493,294  
   

 

 

  
Georgia — 1.7%            

Dalton Whitfield County Joint Development Authority, RB, 4.00%, 08/15/48

     2,622       3,004,575  

Georgia Housing & Finance Authority, Refunding RB, Series A, 3.60%, 12/01/44

     1,041       1,144,628  
   

 

 

  
      4,149,203  
Illinois — 0.5%            

Illinois Finance Authority, Refunding RB

    

Series C, 4.00%, 02/15/27(e)

     3       2,921  

Series C, 4.00%, 02/15/41

     1,031       1,164,690  
   

 

 

  
      1,167,611  
Massachusetts — 4.1%            

Commonwealth of Massachusetts Transportation Fund Revenue, RB, Series A, 4.00%, 06/01/45

     1,502       1,667,191  

Massachusetts Development Finance Agency, Refunding RB, 5.00%, 07/01/47

     3,359       3,987,279  

Massachusetts School Building Authority, RB, Series B, 5.00%, 10/15/21(e)

     4,502       4,656,524  
   

 

 

  
      10,310,994  
NewYork — 11.7%            

Hudson Yards Infrastructure Corp., RB(i)

    

5.75%, 02/15/21(e)

     257       257,949  

5.75%, 02/15/47

     158       158,682  

New York Liberty Development Corp., ARB, 5.25%, 12/15/43

     7,440       7,761,859  
 

 

 

S C H E D U L E   O F   I N V E S T M E N T S   5

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniHoldings Fund, Inc. (MHD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  
NewYork (continued)            

New York Liberty Development Corp., Refunding RB, 5.75%, 11/15/51(i)

   $     4,460     $ 4,640,570  

New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60

     948       1,118,042  

New York State Dormitory Authority, Refunding RB, Series D, 4.00%, 02/15/47

     4,317       5,056,441  

New York State Thruway Authority, Refunding RB, Series B, Subordinate, 4.00%, 01/01/50

     2,083       2,409,378  

New York State Urban Development Corp., RB, Series A, 4.00%, 03/15/46

     4,846       5,568,105  

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

     1,860       2,221,491  
   

 

 

  
        29,192,517  
North Carolina — 0.9%            

North Carolina Capital Facilities Finance Agency, Refunding RB, Series B, 5.00%, 10/01/25(e)

     1,830       2,223,157  
   

 

 

  
Pennsylvania — 0.9%            

Pennsylvania Turnpike Commission, RB, Sub-Series A, 5.50%, 12/01/42

     1,695       2,112,106  
   

 

 

  
Rhode Island — 0.5%            

Narragansett Bay Commission, Refunding RB, Series A, 4.00%, 09/01/22(e)

     1,140       1,210,292  
   

 

 

  
Texas — 6.6%            

Board of Regents of the University of Texas System, Refunding RB, Series B, 5.00%, 08/15/43

     2,041       2,187,843  

City of San Antonio Texas Electric & Gas Systems Revenue, RB, Junior Lien, 5.00%, 02/01/23(e)

     1,720       1,886,169  

Lower Colorado River Authority, Refunding, RB, 4.00%, 05/15/43

     1,504       1,570,579  

Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue, Refunding RB, Series A, 5.00%, 11/01/21(e)

     2,350       2,435,705  

San Antonio Public Facilities Corp., Refunding RB, 4.00%, 09/15/42

     2,295       2,413,032  

Texas Water Development Board, RB, Series A, 4.00%, 10/15/49

     5,020       6,045,084  
   

 

 

  
      16,538,412  
Virginia — 2.3%            

Hampton Roads Transportation Accountability Commission, RB, Series A, Senior Lien, 4.00%, 07/01/60(i)

     1,545       1,830,748  

Virginia Small Business Financing Authority, Refunding RB, Series A, 4.00%, 12/01/49

     3,460       3,979,900  
   

 

 

  
      5,810,648  
Wisconsin — 1.9%            

Wisconsin Health & Educational Facilities Authority, Refunding RB

    

4.00%, 12/01/46

     2,059       2,294,581  

4.00%, 12/15/49(i)

     2,140       2,500,440  
   

 

 

  
      4,795,021  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 35.9%
(Cost: $82,855,596)

       89,424,886  
   

 

 

  

Total Long-Term Investments — 151.4% (Cost: $335,844,528)

       377,540,473  
   

 

 

  
Security  

    

Shares

     Value  

 

  

Short-Term Securities

    
Money Market Funds — 5.0%            

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(j)(k)

     12,466,444       $ 12,468,937  
   

 

 

  

Total Short-Term Securities — 5.0%
(Cost: $12,468,937)

 

     12,468,937  
   

 

 

  

Total Investments — 156.4%
(Cost: $348,313,465)

 

     390,009,410  

Liabilities in Excess of Other Assets — (1.8)%

 

     (4,670,096 ) 

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (21.0)%

 

     (52,300,650 ) 

VMTP Shares at Liquidation Value — (33.6)%

 

     (83,700,000 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

     $  249,338,664  
   

 

 

  

 

(a)

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.

(b) 

When-issued security.

(c) 

Zero-coupon bond.

(d) 

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

(e) 

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.

(f) 

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.

(g) 

Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end.

(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) 

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 May 15, 2021 to February 15, 2047, is $7,653,808.

(j) 

Affiliate of the Fund.

(k) 

Annualized 7-day yield as of period end.

 

 

 

6  

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniHoldings Fund, Inc. (MHD)

    

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

                   
     Affiliated Issuer  

Value at

04/30/20

     Purchases
at Cost		    

Proceeds

from Sales

    

Net

Realized

Gain (Loss)

    

Change in

Unrealized

Appreciation

(Depreciation)

    

Value at

01/31/21

    

Shares

Held at

01/31/21

     Income    

Capital Gain

Distributions

from

Underlying

Funds

    

  

 

BlackRock Liquidity Funds, MuniCash, Institutional Class

   $  5,685,668     $  6,782,628 (a)    $ —     $ 2,385     $ (1,744 )    $  12,468,937       12,466,444     $ 358     $ —    
         

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    

 

  (a)

Represents net amount purchased (sold).

 

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 investments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments 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

      $ —        $ 288,115,587        $ —        $ 288,115,587  

Municipal Bonds Transferred to Tender Option Bond Trusts

        —          89,424,886          —          89,424,886  

Short-Term Securities

                    

Money Market Funds

        12,468,937          —          —          12,468,937  
    

 

 

       

 

 

       

 

 

       

 

 

  
     $   12,468,937        $  377,540,473        $ —        $  390,009,410  
    

 

 

       

 

 

       

 

 

       

 

 

  

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

      $ —        $ (52,280,541 )     $ —        $ (52,280,541 ) 

VMTP Shares at Liquidation Value

        —          (83,700,000 )       —          (83,700,000 ) 
    

 

 

       

 

 

     

 

 

       

 

 

  
     $ —        $  (135,980,541 )     $ —        $  (135,980,541 ) 
    

 

 

       

 

 

     

 

 

       

 

 

  

 

 

S C H E D U L E   O F   I N V E S T M E N T S   7

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniHoldings Fund, Inc. (MHD)

    

 

Portfolio Abbreviation
AGC    Assured Guaranty Corp.
AGM    Assured Guaranty Municipal Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
GO    General Obligation Bonds
GTD    GTD Guaranteed
M/F    Multi-Family
RB    Revenue Bond
S/F    Single-Family
SAB    Special Assessment Bonds
SAW    State Aid Withholding
TA    Tax Allocation

 

8