N-Q 1 d300168dnq.htm BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC. BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-08217

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

Fund Address:   100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniHoldings

New York Quality Fund, Inc., 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code:   (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2017

Date of reporting period: 11/30/2016


Item 1 – Schedule of Investments


Schedule of Investments November 30, 2016 (Unaudited)

  

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

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York — 135.7%

                

Corporate — 2.2%

  

City of New York New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT, 5.00%, 7/01/28

   $ 820      $ 869,290   

County of Onondaga New York Industrial Development Agency, RB, Bristol-Meyers Squibb Co. Project, AMT, 5.75%, 3/01/24

     2,250        2,663,145   

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

     5,500        6,419,325   
    

 

 

 
               9,951,760   

County/City/Special District/School District — 28.7%

  

Brooklyn Arena Local Development Corp., Refunding RB, Barclays Center Project, Series A,
5.00%, 7/15/42

     2,130        2,254,839   

City of New York New York, GO, Refunding:

    

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

     490        546,223   

Fiscal 2014, Series E, 5.00%, 8/01/32

     2,000        2,250,380   

Series E, 5.50%, 8/01/25

     5,500        6,521,570   

Series E, 5.00%, 8/01/30

     2,000        2,245,240   

City of New York New York, GO,:

    

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

     2,350        2,604,787   

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

     4,175        4,641,515   

Sub-Series D-1, Fiscal 2014, 5.00%, 8/01/31

     945        1,067,576   

City of New York New York Convention Center Development Corp., RB, Sub Lien, Hotel Unit Fee, Series B, 0.00%, 11/15/46 (a)

     3,000        751,620   

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

    

5.00%, 11/15/40

     5,000        5,491,700   

4.00%, 11/15/45

     965        972,228   

5.00%, 11/15/45

     12,215        13,367,485   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

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

  

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

    

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

   $ 1,380      $ 521,419   

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

     800        868,232   

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

     3,500        3,507,560   

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

     6,150        6,151,230   

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

     2,200        2,205,544   

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

     9,500        9,522,800   

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

    

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

     950        1,069,168   

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

     2,100        2,373,000   

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

     1,690        1,910,900   

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

     1,455        1,622,121   

Sub-Series E-1, 5.00%, 2/01/30

     1,000        1,148,020   

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

     1,145        1,310,578   

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

     1,000        1,099,270   

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

     1,000        1,109,800   

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

     2,250        2,612,588   

County of Nassau New York, GO, Series B,
5.00%, 10/01/30

     1,500        1,687,140   
 

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016    1


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

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

  

Hudson Yards Infrastructure Corp., RB, Series A:

    

5.00%, 2/15/47

   $ 2,685      $ 2,700,842   

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

     305        307,333   

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

     7,370        7,426,381   

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

     7,530        7,587,605   

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

     9,905        9,966,708   

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

     1,500        1,508,850   

New York Liberty Development Corp., Refunding RB:

    

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

     1,710        1,893,876   

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

     4,000        4,396,920   

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

     1,755        1,986,151   

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

     885        927,533   

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

     3,430        3,747,412   

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

     3,100        3,110,757   
    

 

 

 
               126,994,901   

Education — 25.6%

    

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

    

5.00%, 12/01/30

     250        276,330   

5.00%, 12/01/32

     100        110,538   

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

     4,975        5,139,722   

Build NYC Resource Corp., RB, The Chapin School, Ltd. Project:

    

4.00%, 11/01/26

     590        647,360   

5.00%, 11/01/26

     800        947,176   

Build NYC Resource Corp., Refunding RB:

    

New York Law School Project, 5.00%, 7/01/41

     930        993,658   

New York Law School Project, 4.00%, 7/01/45

     370        338,728   

Series A, 5.00%, 6/01/43

     450        497,327   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Education (continued)

    

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

   $ 110      $ 113,499   

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

    

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

     1,775        1,955,961   

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

     750        818,617   

Carnegie Hall, 4.75%, 12/01/39

     3,150        3,366,846   

Carnegie Hall, 5.00%, 12/01/39

     1,850        1,991,802   

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

     2,840        3,116,105   

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

     5,535        6,043,113   

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

    

5.00%, 7/01/40

     685        766,542   

5.00%, 7/01/43

     2,480        2,763,489   

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

    

5.00%, 7/01/38

     1,240        1,358,457   

4.00%, 7/01/39

     350        354,823   

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

    

5.00%, 12/01/29

     1,135        1,263,085   

5.00%, 12/01/36

     1,100        1,222,188   

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

    

5.00%, 7/01/37

     715        739,954   

5.00%, 7/01/42

     445        458,969   

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

    

6.00%, 9/01/34

     300        341,187   

5.38%, 9/01/41

     125        139,539   
 

 

                
2    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016   


Schedule of Investments (continued)

  

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

 

Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

Education (continued)

    

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

    

5.50%, 7/01/33

   $ 500      $ 552,585   

5.25%, 7/01/36

     700        764,918   

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

     500        548,650   

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

     750        813,443   

State of New York Dormitory Authority, RB:

    

Columbia University, Series A-2,
5.00%, 10/01/46

     1,000        1,225,330   

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

     1,770        1,984,559   

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

     175        196,873   

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

     1,375        1,560,322   

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

     4,500        4,998,060   

New School (AGM), 5.50%, 7/01/20 (b)

     3,265        3,697,253   

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

     1,000        1,091,600   

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

     3,500        4,354,630   

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

     400        430,092   

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

     3,000        3,317,760   

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

     2,000        2,116,420   

Siena College, 5.13%, 7/01/39

     1,345        1,408,390   

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

     750        822,975   

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

     1,500        1,636,185   

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

     1,500        1,646,490   
Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

Education (continued)

    

State of New York Dormitory Authority, Refunding RB:

    

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

   $ 1,000      $ 1,130,910   

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

     900        986,058   

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

     850        853,663   

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

     1,500        1,623,915   

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

     1,000        1,095,130   

Fordham University, 5.00%, 7/01/44

     1,900        2,054,185   

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

     1,200        1,304,616   

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

     4,500        4,608,630   

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

     3,000        3,385,350   

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

     4,180        4,677,629   

Pratt Institute, 5.00%, 7/01/46

     1,000        1,088,080   

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

     2,300        2,390,988   

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

     750        817,733   

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

     2,400        2,601,912   

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

     4,755        5,380,853   

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

     6,435        7,249,221   

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

     1,490        1,647,821   

State University Dormitory Facilities, Series B,
5.00%, 7/01/32

     500        568,295   
 

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016    3


Schedule of Investments (continued)

  

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

 

Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

Education (continued)

    

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

    

State University Dormitory Facilities, Series B,
5.00%, 7/01/33

   $ 860      $ 973,322   
    

 

 

 
               113,369,861   

Health — 13.2%

    

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

     1,800        1,933,236   

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

     500        547,615   

County of Dutchess New York Local Development Corp., RB, Health Quest Systems, Inc., Series B:

    

3.00%, 7/01/36

     970        819,097   

4.00%, 7/01/41

     900        864,531   

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

     1,180        1,263,863   

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

     5,925        6,616,803   

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

     460        493,874   

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

     1,340        1,444,627   

State of New York Dormitory Authority, RB:

    

General Purpose, Series A, 5.00%, 2/15/42

     7,500        8,321,025   

Health System, Series B (AGM),
5.00%, 8/15/18 (b)

     3,480        3,706,409   

Health System, Series B (AGM),
5.00%, 2/15/33

     1,020        1,072,265   

Healthcare, Series A, 5.00%, 3/15/19 (b)

     2,250        2,434,747   
Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

Health (continued)

    

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

    

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

   $ 5,500      $ 5,628,535   

New York University Hospitals Center, Series A,
5.75%, 7/01/20 (b)

     2,680        3,058,014   

New York University Hospitals Center, Series A, 6.00%, 7/01/20 (b)

     1,800        2,069,496   

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

     1,825        2,000,693   

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

     1,000        1,030,230   

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

     685        705,708   

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

    

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

     1,000        1,024,320   

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

     2,000        2,189,500   

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

     2,645        2,934,125   

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

     7,375        8,140,377   
    

 

 

 
               58,299,090   

Housing — 4.7%

    

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

    

Fund Grant Program, New York City Housing Authority Program, Series B1,
5.25%, 7/01/32

     6,505        7,246,115   

Fund Grant Program, New York City Housing Authority Program, Series B1,
5.00%, 7/01/33

     1,375        1,497,870   

Series A-1-A, AMT, 5.00%, 11/01/30

     750        757,027   
 

 

                
4    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016   


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Housing (continued)

    

City of New York New York Housing Development Corp., RB, M/F Housing (continued):

    

Series A-1-A, AMT, 5.45%, 11/01/46

   $ 1,335      $ 1,342,276   

Series H-2-A, AMT, 5.20%, 11/01/35

     835        841,404   

Series H-2-A, AMT, 5.35%, 5/01/41

     600        611,784   

Sustainable Neighborhood Bonds, Series C-1-A, 3.40%, 11/01/47

     4,050        3,499,200   

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

     1,075        1,106,003   

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

     2,000        2,004,840   

State of New York HFA, RB:

    

M/F Housing, Affordable Housing, Series D (SONYMA), 3.20%, 11/01/46

     1,210        1,034,417   

St. Philip’s Housing, Series A, AMT (Fannie Mae),
4.65%, 11/15/38

     1,000        1,000,140   
    

 

 

 
               20,941,076   

State — 11.5%

    

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

    

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

     1,510        1,550,649   

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

     4,000        4,239,560   

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

     3,000        3,232,050   

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

     1,250        1,346,687   

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

     3,750        3,766,350   

Series S-2 (NPFGC), 4.25%, 1/15/34

     3,220        3,229,467   

Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund:

    

Series B, 5.00%, 11/15/34

     2,500        2,714,575   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

State (continued)

    

Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund (continued):

    

Sub-Series B-1, 5.00%, 11/15/31

   $ 4,000      $ 4,496,320   

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

     2,070        2,193,289   

State of New York Dormitory Authority, RB:

    

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

     3,000        3,352,110   

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

     4,600        5,061,978   

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

     250        267,763   

School Districts Financing Program, Series C (AGM), 5.00%, 10/01/17 (b)

     2,500        2,585,475   

Series B, 5.00%, 3/15/37

     1,500        1,688,280   

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

     495        539,837   

State of New York Dormitory Authority, Refunding RB:

    

School Districts Financing Program, Series A (AGM), 5.00%, 10/01/18 (b)

     5,000        5,348,200   

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

     2,000        2,007,360   

State of New York Thruway Authority, RB, 2nd General Highway & Bridge Trust, Series B,
5.00%, 10/01/17 (b)

     1,000        1,033,760   

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

     2,000        2,264,460   
    

 

 

 
               50,918,170   

Tobacco — 1.8%

    

Counties of New York Tobacco Trust VI, Refunding RB, Tobacco Settlement Pass-Through:

    

Series A, 5.00%, 6/01/41

     400        425,184   

Series B, 5.00%, 6/01/45

     1,500        1,557,465   

Series C, 5.00%, 6/01/51

     765        800,634   

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

     1,875        1,841,925   
 

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016    5


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Tobacco (continued)

    

County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed:

    

5.25%, 5/15/34

   $ 1,495      $ 1,623,495   

5.25%, 5/15/40

     1,500        1,618,860   
    

 

 

 
               7,867,563   

Transportation — 33.5%

    

Metropolitan Transportation Authority, RB:

    

Series A, 5.00%, 11/15/27

     1,000        1,127,530   

Series A, 5.00%, 11/15/30

     3,000        3,351,720   

Series A-1, 5.25%, 11/15/33

     1,620        1,838,651   

Series A-1, 5.25%, 11/15/34

     1,620        1,832,155   

Series B, 5.25%, 11/15/44

     1,000        1,116,070   

Series C, 6.50%, 11/15/28

     1,155        1,270,165   

Series D, 5.25%, 11/15/41

     2,000        2,246,540   

Series E, 5.00%, 11/15/38

     8,750        9,673,650   

Series E, 5.00%, 11/15/43

     1,000        1,102,300   

Sub-Series B, 5.00%, 11/15/25

     1,000        1,146,980   

Metropolitan Transportation Authority, Refunding RB:

    

Green Bonds, Series A-1, 4.00%, 11/15/46

     315        306,936   

Green Bonds, Series A-1, 5.25%, 11/15/56

     2,330        2,568,755   

Series C-1, 5.25%, 11/15/56

     1,355        1,499,863   

Series D, 5.00%, 11/15/30

     885        989,616   

Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A,
5.00%, 11/15/51

     6,200        6,634,372   

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

     11,500        12,913,810   

New York Transportation Development Corp., RB, LaGuardia Airport Terminal B Redevelopment Project, Series A, AMT, 5.25%, 1/01/50

     10,900        11,200,622   

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

     1,015        1,067,557   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Transportation (continued)

    

Port Authority of New York & New Jersey, ARB:

    

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

   $ 2,500      $ 2,748,150   

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

     1,500        1,536,315   

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

     2,055        2,113,773   

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

     19,725        20,129,165   

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

    

178th Series, AMT, 5.00%, 12/01/33

     1,000        1,087,270   

179th Series, 5.00%, 12/01/38

     1,390        1,549,544   

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

     4,000        4,006,440   

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

     2,250        2,262,262   

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

     285        278,656   

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

     750        805,838   

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

     2,305        2,537,528   

State of New York Thruway Authority, RB, Junior Lien, Series A:

    

4.00%, 1/01/51

     1,250        1,236,188   

5.25%, 1/01/56

     3,880        4,298,962   

State of New York Thruway Authority, Refunding RB:

    

5.00%, 1/01/29

     1,750        1,987,493   

5.00%, 1/01/31

     1,000        1,119,010   

General, Series I, 5.00%, 1/01/37

     4,245        4,667,844   

General, Series I, 5.00%, 1/01/42

     4,270        4,607,202   

General, Series K, 5.00%, 1/01/32

     1,000        1,113,760   

Series J, 5.00%, 1/01/41

     5,000        5,424,450   

Triborough Bridge & Tunnel Authority, RB, Series B:

    

5.00%, 11/15/40

     940        1,050,676   

5.00%, 11/15/45

     820        909,216   
 

 

                
6    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016   


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Transportation (continued)

    

Triborough Bridge & Tunnel Authority, Refunding RB:

    

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

   $ 7,670      $ 4,291,518   

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

     1,000        1,103,200   

General, Series A, 5.25%, 11/15/45

     1,280        1,451,776   

General, Series A, 5.00%, 11/15/50

     3,000        3,299,280   

Series A, 5.00%, 11/15/46

     5,000        5,544,150   

Series C, 5.00%, 11/15/38

     1,385        1,467,283   

Sub-Series A, 5.00%, 11/15/28

     2,500        2,832,150   

Sub-Series A, 5.00%, 11/15/29

     875        986,143   
    

 

 

 
               148,332,534   

Utilities — 14.5%

    

City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System:

    

2nd General Resolution, Fiscal 2010, Series FF, 5.00%, 6/15/31

     1,500        1,650,255   

2nd General Resolution, Fiscal 2011, Series BB, 5.00%, 6/15/31

     1,000        1,100,170   

2nd General Resolution, Fiscal 2011, Series GG, 5.00%, 6/15/43

     2,070        2,279,815   

2nd General Resolution, Fiscal 2015, Series HH, 5.00%, 6/15/39

     2,250        2,497,298   

2nd General Resolution, Series DD,
5.00%, 6/15/32

     3,750        3,942,525   

Fiscal 2016, Series A,
3.00%, 6/15/36

     1,250        1,114,213   

Long Island Power Authority, RB, General, Electric Systems, Series A (AGM), 5.00%, 5/01/36

     2,375        2,587,301   

Long Island Power Authority, Refunding RB:

    

Electric System, Series B, 5.00%, 9/01/41

     1,100        1,204,797   

Electric System, Series B, 5.00%, 9/01/46

     1,570        1,706,245   

Electric Systems, Series A (AGC),
5.75%, 4/01/39

     1,000        1,082,400   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Utilities (continued)

    

Long Island Power Authority, Refunding RB (continued):

    

General, Electric Systems, Series A (AGC),
6.00%, 5/01/19 (b)

   $ 1,500      $ 1,660,665   

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

     3,170        3,553,095   

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

    

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

     3,200        3,551,840   

Series A, 5.00%, 6/15/40

     1,545        1,736,642   

Series A, 5.00%, 6/15/45

     7,935        8,794,757   

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

     2,580        2,870,095   

Utility Debt Securitization Authority, Refunding RB, Restructuring:

    

3.00%, 12/15/32

     1,415        1,350,320   

Series B, 4.00%, 12/15/35

     2,600        2,708,940   

Series E, 5.00%, 12/15/41

     15,490        17,443,134   

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

     1,065        1,153,150   
    

 

 

 
               63,987,657   

Total Municipal Bonds in New York

  

    600,662,612   
    

Guam — 0.3%

                

Utilities — 0.3%

    

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

     1,175        1,275,380   

Puerto Rico — 0.8%

                

Housing — 0.8%

    

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

     3,300        3,512,883   

Total Municipal Bonds— 136.8%

  

    605,450,875   
 

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016    7


Schedule of Investments (continued)

  

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

 

Municipal Bonds Transferred to

Tender Option Bond Trusts(c)

  

Par  

(000)

    Value  

New York — 33.2%

                

County/City/Special District/School District — 5.3%

  

City of New York New York, GO, Refunding, Series E, 5.00%, 8/01/29

   $ 2,000      $ 2,308,240   

City of New York New York, GO:

    

Sub-Series C-3 (AGC),
5.75%, 2/15/19 (b)(d)

     636        687,338   

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

     9,364        10,119,862   

Sub-Series I-1, 5.00%, 3/01/36

     2,500        2,753,375   

City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured, 5.00%, 11/15/32

     2,500        2,812,800   

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

     1,650        1,807,889   

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

     2,610        2,902,711   
    

 

 

 
               23,392,215   

Education — 7.2%

    

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

     1,981        2,242,083   

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

    

5.25%, 7/01/19 (b)

     5,000        5,484,500   

New York University, 5.00%, 7/01/35

     4,448        4,920,901   

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

    

New York University, 5.00%, 7/01/18 (b)

     5,498        5,818,478   

New York University (AMBAC),
5.00%, 7/01/17 (b)

     2,999        3,071,036   

5.00%, 3/15/44

     4,858        5,339,771   

Municipal Bonds Transferred to

Tender Option Bond Trusts(c)

  

Par  

(000)

    Value  

New York (continued)

                

Education (continued)

    

State of New York Dormitory Authority, Refunding RB, Series E, 5.25%, 3/15/33

   $ 4,500      $ 5,198,130   
    

 

 

 
               32,074,899   

State — 8.4%

    

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

     5,999        6,761,982   

Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A:

    

5.00%, 10/15/31

     7,380        8,593,789   

4.00%, 10/15/32

     6,000        6,357,360   

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

     5,000        5,436,600   

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

    

General Purpose, 5.00%, 3/15/41

     2,500        2,725,300   

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

     5,458        5,756,048   

State of New York Urban Development Corp., Refunding RB, State Personal Income Tax, Series A,
5.00%, 3/15/45

     1,471        1,629,466   
    

 

 

 
               37,260,545   

Transportation — 7.4%

    

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

     8,005        8,862,384   

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

     3,405        3,822,623   

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

     8,500        8,787,385   
 

 

                
8    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016   


Schedule of Investments (continued)

  

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

 

Municipal Bonds Transferred to

Tender Option Bond Trusts (c)

  

Par  

(000)

    Value  

New York (continued)

                

Transportation (continued)

    

Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 5.00%, 11/15/46

   $ 10,000      $ 11,088,300   
    

 

 

 
               32,560,692   

Utilities — 4.9%

    

City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Fiscal 2009, Series A:

    

5.75%, 6/15/18 (b)

     921        977,168   

5.75%, 6/15/40

     3,082        3,268,086   

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

    

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

     7,151        7,940,750   

Series FF-2, 5.50%, 6/15/40

     2,400        2,604,312   

New York State Environmental Facilities Corp., RB, Subordinated SRF Bonds, 4.00%, 6/15/46

     601        611,539   

State of New York Environmental Facilities Corp., RB, Subordinated SRF Bonds, 3.00%, 6/15/35

     2,982        2,670,229   

Municipal Bonds Transferred to

Tender Option Bond Trusts (c)

  

Par  

(000)

    Value  

New York (continued)

  

Utilities (continued)

  

Utility Debt Securitization Authority, Refunding RB, Restructuring, 5.00%, 12/15/36

   $ 3,003      $ 3,399,243   
    

 

 

 
        21,471,327   
Total Municipal Bonds Transferred to
Tender Option Bond Trusts — 33.2%
        146,759,678   

Total Long-Term Investments

(Cost — $727,786,460) — 170.0%

  

  

    752,210,553   
    
Short-Term Securities    Shares         

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.43% (e)(f)

     235,345        235,345   

Total Short-Term Securities

(Cost — $235,345) — 0.1%

  

  

    235,345   
Total Investments (Cost — $728,021,805*) — 170.1%        752,445,898   
Other Assets Less Liabilities — 2.3%        10,192,037   

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable — (17.3)%

   

    (76,579,704

VRDP Shares, at Liquidation Value — (55.1)%

  

    (243,600,000
    

 

 

 

Net Assets Applicable to Common Shares — 100.0%

  

  $ 442,458,231   
    

 

 

 

 

*  As of November 30, 2016, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

     

Tax cost

  

  $ 649,103,840   
    

 

 

 

Gross unrealized appreciation

  

  $ 33,340,477   

Gross unrealized depreciation

  

    (6,441,268
    

 

 

 

Net unrealized appreciation

  

  $ 26,899,209   
    

 

 

 
 

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016    9


Schedule of Investments (continued)

  

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

 

Notes to Schedule of Investments

 

(a)   Zero-coupon bond.

 

(b)   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.

 

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

 

(d)   All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expire between February 15, 2017 to February 15, 2019, is $8,472,762.

 

(e)   During the period ended November 30, 2016, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate  

Shares Held

at August
31, 2016

    Net
Activity
   

Shares Held

at November 30,
2016

   

Value at
November 30,

2016

    Income    

Realized

Loss

 

BlackRock Liquidity Funds, MuniCash, Institutional Class

    5,404,267        (5,168,923     235,344      $ 235,344      $ 5,306      $ (45

 

(f)   Current yield as of period end.

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

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Contracts
Short
    Issue   Expiration   Notional
Value
    Unrealized
Appreciation
 
  (54   10-Year U.S. Treasury Note   March 2017   $ 6,723,844      $ 26,351   
  (10   5-Year U.S. Treasury Note   March 2017   $ 1,178,437        1,313   
  (43   Long U.S. Treasury Bond   March 2017   $ 6,505,094        42,241   
  (7   Ultra U.S. Treasury Bond   March 2017   $ 1,129,844        5,849   

 

Total

  

  $ 75,754   
       

 

 

 

 

Portfolio Abbreviations

 

AGC    Assured Guarantee Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    American Municipal Bond Assurance Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
BARB    Building Aid Revenue Bonds
BHAC    Berkshire Hathaway Assurance Corp.
BOCES    Board of Cooperative Educational Services
CAB    Capital Appreciation Bonds
EDC    Economic Development Corp.
ERB    Education Revenue Bonds
FHA    Federal Housing Administration
GO    General Obligation Bonds
HFA    Housing Finance Agency

 

                
10    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016   


Schedule of Investments (continued)

  

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

 

LRB    Lease Revenue Bonds
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
PILOT    Payment in Lieu of Taxes
RB    Revenue Bonds
SONYMA    State of New York Mortgage Agency
Syncora    Syncora Guarantee

 

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 methodologies are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

   

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

   

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

 

   

Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. 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. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation methodologies may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

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

 

     Level 1        Level 2        Level 3        Total  

Assets:

                
Investments:                 

Long-Term Investments1

            $ 752,210,553                   $ 752,210,553   

Short-Term Securities

  $ 235,345                               235,345   
 

 

 

 

Total

  $ 235,345         $ 752,210,553                   $ 752,445,898   
 

 

 

 
                

Derivative Financial Instruments 2

                                        

Assets:

                

Interest rate contracts

  $ 75,754                             $ 75,754   

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

       

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

       

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016    11


Schedule of Investments (concluded)

  

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

 

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

 

     Level 1        Level 2        Level 3        Total  

Assets:

                

Cash pledged for futures contracts

  $ 315,850                             $ 315,850   

Liabilities:

                

Bank overdraft

            $ (316,043                  (316,043

TOB Trust Certificates

              (76,442,849                  (76,442,849

VRDP Shares at Liquidation Value

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

 

 

 

Total

  $ 315,850         $ (320,358,892                $ (320,043,042
 

 

 

 

During the period ended November 30, 2016, there were no transfers between levels.

 

                
12    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2016   


Item 2 – Controls and Procedures

 

2(a) –    The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) –    There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

              Certifications – Attached hereto


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BlackRock MuniHoldings New York Quality Fund, Inc.
By:       /s/ John M. Perlowski                  
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock MuniHoldings New York Quality Fund, Inc.

Date:  January 23, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:       /s/ John M. Perlowski                  
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock MuniHoldings New York Quality Fund, Inc.

Date:  January 23, 2017

 

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

Date:  January 23, 2017