Schedule of Investments (unaudited)
April 30, 2024
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets)
Security | Par (000) | Value | |
Municipal Bonds | |||
Florida — 0.4% | |||
Transportation — 0.4% | |||
Florida Development Finance Corp., Refunding RB, AMT, 07/15/32(a)(b)(c) | $ | 2,565 | $ 2,647,141 |
New Jersey — 142.8% | |||
Corporate — 7.5% | |||
New Jersey Economic Development Authority, ARB | |||
Series A, AMT, 5.63%, 11/15/30 | 1,730 | 1,748,169 | |
Series B, AMT, 5.63%, 11/15/30 | 6,900 | 6,972,466 | |
New Jersey Economic Development Authority, RB(d) | |||
Series A, (NPFGC), 5.25%, 07/01/25 | 950 | 966,961 | |
Series A, (NPFGC), 5.25%, 07/01/26 | 1,415 | 1,467,795 | |
New Jersey Economic Development Authority, Refunding RB | |||
3.38%, 04/01/38 | 4,040 | 3,654,334 | |
3.50%, 04/01/42 | 3,030 | 2,636,476 | |
AMT, 3.00%, 08/01/41 | 19,020 | 15,197,217 | |
AMT, 3.00%, 08/01/43 | 23,960 | 18,638,876 | |
51,282,294 | |||
County/City/Special District/School District — 16.3% | |||
City of Bayonne New Jersey, Refunding GO, (BAM SAW), 5.00%, 07/01/26(e) | 2,425 | 2,512,633 | |
City of Newark New Jersey, GO, (SAW), 4.50%, 03/15/36 | 3,565 | 3,611,872 | |
Clifton Board of Education, GO | |||
(AGM), 2.00%, 08/15/41 | 6,150 | 3,990,378 | |
(AGM), 2.25%, 08/15/46 | 6,150 | 3,671,919 | |
County of Essex New Jersey, GO, Series B, 3.00%, 09/01/46 | 1,700 | 1,321,419 | |
County of Middlesex New Jersey, Refunding COP, 5.00%, 10/15/31 | 2,840 | 3,113,438 | |
Essex County Improvement Authority, Refunding RB | |||
(NPFGC GTD), 5.50%, 10/01/27 | 250 | 269,015 | |
(NPFGC GTD), 5.50%, 10/01/28 | 9,380 | 10,331,728 | |
(NPFGC GTD), 5.50%, 10/01/29 | 8,505 | 9,569,316 | |
Ewing Township Board of Education, GO | |||
4.00%, 07/15/38 | 2,660 | 2,681,656 | |
4.00%, 07/15/39 | 2,320 | 2,327,572 | |
Hudson County Improvement Authority, RB | |||
5.00%, 05/01/46 | 5,655 | 5,733,747 | |
Series A-1, (NPFGC GTD), 0.00%, 12/15/32(f) | 1,000 | 743,477 | |
Mercer County Improvement Authority, RB, 5.00%, 09/01/40 | 2,480 | 2,529,254 | |
Middlesex County Improvement Authority, RB, Series B, 6.25%, 01/01/37(g)(h) | 2,350 | 29,023 | |
Monroe Township Board of Education/Middlesex County, Refunding GO, 5.00%, 03/01/25(e) | 1,750 | 1,771,139 | |
New Jersey Economic Development Authority, RB | |||
5.00%, 06/15/43 | 10,690 | 11,111,611 | |
Series B, 6.50%, 04/01/31 | 3,355 | 3,329,902 | |
New Jersey Economic Development Authority, Refunding SAB, 6.50%, 04/01/28 | 3,339 | 3,344,732 | |
Newark Board of Education, Refunding GO, Sustainability Bonds, (BAM), 3.00%, 07/15/42 | 1,500 | 1,178,850 |
Security | Par (000) | Value | |
County/City/Special District/School District (continued) | |||
Union County Improvement Authority, Refunding RB, 5.00%, 03/01/34 | $ | 945 | $ 1,046,548 |
Union County Utilities Authority, Refunding RB, Series A, AMT, (GTD), 5.25%, 12/01/31 | 36,835 | 36,879,082 | |
111,098,311 | |||
Education — 29.8% | |||
Atlantic County Improvement Authority, RB, Series A, (AGM), 4.00%, 07/01/46 | 2,250 | 2,092,824 | |
Camden County Improvement Authority, RB, Sustainability Bonds, 6.00%, 06/15/52 | 780 | 816,355 | |
Gloucester County Improvement Authority, RB | |||
5.00%, 07/01/44 | 1,985 | 1,998,773 | |
(BAM), 5.00%, 07/01/49 | 5,400 | 5,699,751 | |
(BAM), 5.00%, 07/01/54 | 5,500 | 5,785,701 | |
Middlesex County Improvement Authority, RB, 5.00%, 08/15/53 | 3,125 | 3,318,551 | |
New Jersey Economic Development Authority, RB | |||
6.00%, 10/01/33 | 4,440 | 4,443,183 | |
Series A, 5.00%, 07/01/27(b) | 275 | 269,707 | |
Series A, 5.13%, 11/01/29(b) | 145 | 140,555 | |
Series A, 5.00%, 01/01/35 | 2,000 | 1,904,652 | |
Series A, 5.25%, 07/01/37(b) | 1,030 | 976,884 | |
Series A, 5.00%, 07/01/38 | 350 | 354,694 | |
Series A, 6.25%, 11/01/38(b) | 440 | 445,965 | |
Series A, 5.38%, 07/01/47(b) | 1,685 | 1,493,713 | |
Series A, 5.00%, 12/01/48 | 4,475 | 4,386,777 | |
Series A, 5.00%, 06/15/49(b) | 970 | 872,386 | |
Series A, 5.00%, 01/01/50 | 1,235 | 1,125,760 | |
Series A, 5.00%, 07/01/50 | 905 | 854,537 | |
Series A, 6.50%, 11/01/52(b) | 2,490 | 2,501,643 | |
Series A, 5.00%, 06/15/54(b) | 730 | 645,028 | |
Series A, 5.25%, 11/01/54(b) | 4,040 | 3,564,709 | |
Series WW, 5.00%, 06/15/25(e) | 8,615 | 8,759,550 | |
Series WW, 5.25%, 06/15/25(e) | 8,755 | 8,925,579 | |
New Jersey Economic Development Authority, Refunding RB | |||
(AGM), 5.00%, 06/01/37 | 6,270 | 6,476,902 | |
(AGM), 5.00%, 06/01/42 | 810 | 827,691 | |
Series A, 4.25%, 09/01/27(b) | 160 | 156,086 | |
Series A, 5.63%, 08/01/34(b) | 630 | 630,862 | |
Series A, 5.00%, 09/01/37(b) | 805 | 786,234 | |
Series A, 5.88%, 08/01/44(b) | 1,070 | 1,070,525 | |
Series A, 6.00%, 08/01/49(b) | 555 | 555,318 | |
Series A, 5.13%, 09/01/52(b) | 1,700 | 1,542,066 | |
New Jersey Educational Facilities Authority, RB | |||
Series A, 5.25%, 09/01/53 | 2,445 | 2,616,705 | |
Series B, 5.25%, 03/01/54 | 37,470 | 41,150,935 | |
Series C, (AGM), 3.25%, 07/01/49 | 1,060 | 780,767 | |
Series C, (AGM), 4.00%, 07/01/50 | 895 | 855,931 | |
New Jersey Educational Facilities Authority, Refunding RB | |||
Series A, 5.00%, 07/01/39 | 15,555 | 15,573,467 | |
Series A, 5.00%, 07/01/44 | 14,500 | 14,511,846 | |
Series A, 4.00%, 07/01/47 | 2,100 | 1,803,933 | |
Series D, 5.00%, 07/01/38 | 1,000 | 1,000,416 | |
Series D, 5.00%, 07/01/43 | 600 | 600,097 | |
New Jersey Higher Education Student Assistance Authority, RB | |||
Series 1A-1, AMT, 4.00%, 12/01/29 | 930 | 930,005 | |
Series 1A-1, AMT, 4.25%, 12/01/32 | 335 | 339,469 |
Schedule of Investments1
Schedule of Investments (unaudited)(continued)
April 30, 2024
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets)
Security | Par (000) | Value | |
Education (continued) | |||
New Jersey Higher Education Student Assistance Authority, RB (continued) | |||
Series 1A-1, AMT, 4.50%, 12/01/36 | $ | 295 | $ 299,705 |
Series B, AMT, 4.00%, 12/01/44 | 1,575 | 1,465,056 | |
Sub-Series C, AMT, 4.00%, 12/01/48 | 3,210 | 2,788,877 | |
Series C, AMT, Subordinate, 5.00%, 12/01/53 | 985 | 916,379 | |
New Jersey Higher Education Student Assistance Authority, Refunding RB | |||
Series B, AMT, 3.00%, 12/01/32 | 4,635 | 4,306,892 | |
Series B, AMT, 4.00%, 12/01/41 | 3,265 | 3,191,157 | |
Sub-Series C, AMT, 3.63%, 12/01/49 | 1,925 | 1,489,730 | |
Series C, AMT, Subordinate, 5.00%, 12/01/52 | 18,705 | 18,813,494 | |
New Jersey Institute of Technology, RB | |||
Series A, 5.00%, 07/01/40 | 3,000 | 3,038,280 | |
Series A, 5.00%, 07/01/45 | 13,000 | 13,111,191 | |
203,007,293 | |||
Health — 9.6% | |||
Middlesex County Improvement Authority, RB, (AMBAC), 5.50%, 09/01/30 | 400 | 400,187 | |
New Jersey Economic Development Authority, Refunding RB | |||
5.00%, 01/01/34 | 1,230 | 1,174,660 | |
5.00%, 01/01/39 | 1,980 | 1,807,676 | |
5.00%, 01/01/49 | 1,500 | 1,228,144 | |
New Jersey Health Care Facilities Financing Authority, RB | |||
5.00%, 07/01/42 | 2,000 | 2,048,288 | |
2.38%, 07/01/46 | 3,735 | 2,332,264 | |
4.00%, 07/01/47 | 5,555 | 5,236,810 | |
3.00%, 07/01/51 | 14,850 | 11,051,728 | |
4.00%, 07/01/51 | 10,000 | 9,271,081 | |
Series A, 5.50%, 07/01/43 | 5,505 | 5,513,255 | |
Series B, 3.05%, 07/01/43(a) | 10,450 | 10,450,000 | |
New Jersey Health Care Facilities Financing Authority, Refunding RB | |||
5.00%, 07/01/28 | 2,820 | 2,822,014 | |
5.00%, 07/01/29 | 715 | 715,518 | |
5.00%, 07/01/34 | 2,190 | 2,251,234 | |
4.00%, 07/01/41 | 3,000 | 2,958,414 | |
Series A, 4.00%, 07/01/43 | 3,500 | 3,369,940 | |
Series A, 07/01/54(c) | 2,725 | 2,928,133 | |
65,559,346 | |||
Housing — 3.4% | |||
New Jersey Housing & Mortgage Finance Agency, RB | |||
5.25%, 12/20/65 | 2,055 | 2,088,007 | |
Series A, (AGM), 5.00%, 05/01/27 | 1,200 | 1,200,175 | |
New Jersey Housing & Mortgage Finance Agency, RB, S/F Housing | |||
Series K, 10/01/50(c) | 2,180 | 2,182,835 | |
Series H, Sustainability Bonds, 2.15%, 10/01/41 | 2,995 | 2,135,254 | |
New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing | |||
Series A, 2.45%, 11/01/45 | 860 | 564,604 | |
Series A, 4.00%, 11/01/48 | 675 | 593,901 | |
Series A, 2.55%, 11/01/50 | 780 | 496,132 | |
Series A, 4.10%, 11/01/53 | 400 | 351,947 | |
Series A, 2.63%, 11/01/56 | 780 | 501,123 | |
Series D, AMT, 4.25%, 11/01/37 | 1,750 | 1,618,795 | |
Series D, AMT, 4.35%, 11/01/42 | 1,000 | 891,718 | |
Series A, Sustainability Bonds, 2.65%, 11/01/46 | 1,150 | 785,561 | |
Series A, Sustainability Bonds, 2.70%, 11/01/51 | 1,150 | 748,814 |
Security | Par (000) | Value | |
Housing (continued) | |||
New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing (continued) | |||
Series A, Sustainability Bonds, 2.75%, 11/01/56 | $ | 1,150 | $ 725,197 |
New Jersey Housing & Mortgage Finance Agency, Refunding RB, S/F Housing | |||
Series A, 3.75%, 10/01/35 | 5,295 | 4,919,565 | |
Series E, 2.40%, 10/01/45 | 1,885 | 1,358,927 | |
Newark Housing Authority, RB, M/F Housing, Series A, 5.00%, 12/01/30 | 2,000 | 2,001,927 | |
23,164,482 | |||
State — 20.3% | |||
Casino Reinvestment Development Authority, Inc., Refunding RB | |||
5.25%, 11/01/39 | 13,410 | 13,490,712 | |
5.25%, 11/01/44 | 15,755 | 15,815,071 | |
Garden State Preservation Trust, RB(f) | |||
Series B, (AGM), 0.00%, 11/01/25 | 10,000 | 9,473,524 | |
Series B, (AGM), 0.00%, 11/01/26 | 6,000 | 5,493,321 | |
Series B, (AGM), 0.00%, 11/01/27 | 4,000 | 3,540,792 | |
Series B, (AGM), 0.00%, 11/01/28 | 4,540 | 3,888,695 | |
New Jersey Economic Development Authority, RB | |||
5.00%, 12/15/28(e) | 6,305 | 6,876,951 | |
4.00%, 06/15/49 | 5,310 | 5,011,545 | |
Series A, (NPFGC), 5.25%, 07/01/24 | 1,785 | 1,788,702 | |
Series A, (NPFGC), 5.25%, 07/01/25 | 7,915 | 8,044,861 | |
Series A, (NPFGC), 5.25%, 07/01/26 | 6,085 | 6,290,438 | |
Series A, 5.00%, 06/15/42 | 2,000 | 2,063,355 | |
Series B, 5.00%, 06/15/35 | 3,750 | 4,003,826 | |
Series B, 5.00%, 06/15/43 | 3,470 | 3,606,856 | |
New Jersey Economic Development Authority, Refunding RB | |||
4.00%, 07/01/46 | 5,025 | 4,833,213 | |
Series N-1, (NPFGC), 5.50%, 09/01/27 | 1,000 | 1,064,443 | |
Sub-Series A, 4.00%, 07/01/32 | 5,000 | 5,028,840 | |
Sub-Series A, 5.00%, 07/01/33 | 5,050 | 5,160,068 | |
Sub-Series A, 4.00%, 07/01/34 | 8,570 | 8,618,901 | |
New Jersey Educational Facilities Authority, RB | |||
Series A, 4.00%, 09/01/28 | 9,705 | 9,707,091 | |
Series A, 5.00%, 09/01/32 | 4,000 | 4,017,393 | |
Series A, 5.00%, 09/01/33 | 5,370 | 5,393,787 | |
State of New Jersey, GO, 5.00%, 06/01/38 | 5,085 | 5,467,804 | |
138,680,189 | |||
Tobacco — 8.4% | |||
Tobacco Settlement Financing Corp., Refunding RB | |||
Series A, 5.00%, 06/01/35 | 4,695 | 4,932,845 | |
Series A, 5.00%, 06/01/46 | 10,000 | 10,222,018 | |
Series A, 5.25%, 06/01/46 | 6,500 | 6,723,547 | |
Sub-Series B, 5.00%, 06/01/46 | 35,420 | 35,747,652 | |
57,626,062 | |||
Transportation — 42.1% | |||
New Jersey Economic Development Authority, RB | |||
4.00%, 11/01/44 | 4,715 | 4,469,246 | |
Class A, 5.25%, 11/01/47 | 7,800 | 8,401,482 | |
Class A, 5.00%, 11/01/52 | 1,000 | 1,048,223 | |
AMT, (AGM), 5.00%, 01/01/31 | 1,000 | 1,000,380 | |
AMT, 5.13%, 01/01/34 | 2,290 | 2,291,604 | |
AMT, 5.38%, 01/01/43 | 23,510 | 23,520,818 | |
AMT, 5.63%, 01/01/52 | 1,000 | 1,000,435 | |
New Jersey Economic Development Authority, Refunding ARB | |||
AMT, 5.00%, 10/01/37 | 8,200 | 8,382,367 |
2
Schedule of Investments (unaudited)(continued)
April 30, 2024
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets)
Security | Par (000) | Value | |
Transportation (continued) | |||
New Jersey Economic Development Authority, Refunding ARB (continued) | |||
AMT, 5.00%, 10/01/47 | $ | 6,200 | $ 6,224,263 |
New Jersey Transportation Trust Fund Authority, RB | |||
5.00%, 06/15/33 | 2,450 | 2,626,290 | |
5.00%, 06/15/42 | 785 | 841,550 | |
5.25%, 06/15/46 | 790 | 854,455 | |
4.50%, 06/15/49 | 4,600 | 4,616,299 | |
Class BB, 5.00%, 06/15/36 | 3,750 | 4,127,720 | |
Class BB, 4.00%, 06/15/37 | 1,550 | 1,565,603 | |
Class BB, 4.00%, 06/15/40 | 6,000 | 5,912,238 | |
Class BB, 4.00%, 06/15/50 | 8,290 | 7,767,978 | |
Series A, (NPFGC), 5.75%, 06/15/24 | 1,205 | 1,207,651 | |
Series A, 5.00%, 06/15/30 | 4,250 | 4,369,349 | |
Series AA, 5.25%, 06/15/34 | 1,305 | 1,325,317 | |
Series AA, 4.00%, 06/15/36 | 2,565 | 2,591,130 | |
Series AA, 5.00%, 06/15/38 | 11,830 | 11,849,643 | |
Series AA, 5.25%, 06/15/41 | 5,000 | 5,084,701 | |
Series AA, 4.00%, 06/15/45 | 10,980 | 10,330,236 | |
Series AA, 5.00%, 06/15/45 | 5,000 | 5,242,887 | |
Series AA, 4.00%, 06/15/50 | 13,535 | 12,521,656 | |
Series BB, 4.00%, 06/15/44 | 5,100 | 4,837,330 | |
Series BB, 4.00%, 06/15/50 | 10,100 | 9,396,266 | |
Series BB, 5.25%, 06/15/50 | 19,575 | 21,123,999 | |
Series C, (AGM), 0.00%, 12/15/32(f) | 14,050 | 10,277,187 | |
Series C, (AMBAC), 0.00%, 12/15/35(f) | 8,300 | 5,287,227 | |
Series C, (AMBAC), 0.00%, 12/15/36(f) | 7,210 | 4,372,276 | |
Series D, 5.00%, 06/15/32 | 3,300 | 3,327,772 | |
New Jersey Transportation Trust Fund Authority, RB, CAB, Series A, 0.00%, 12/15/35(f) | 6,000 | 3,845,840 | |
New Jersey Transportation Trust Fund Authority, Refunding RB | |||
4.00%, 12/15/39 | 4,795 | 4,740,294 | |
Series A, 4.00%, 06/15/35 | 1,605 | 1,642,743 | |
Series A, 5.00%, 12/15/35 | 2,000 | 2,130,211 | |
Series A, 4.00%, 06/15/36 | 3,695 | 3,754,886 | |
Series A, 5.25%, 06/15/41 | 4,000 | 4,419,060 | |
Series AA, 4.25%, 06/15/44 | 6,170 | 6,094,740 | |
New Jersey Turnpike Authority, RB | |||
Series A, 5.00%, 01/01/34 | 2,500 | 2,605,198 | |
Series A, 4.00%, 01/01/42 | 4,000 | 3,977,544 | |
Series A, 4.00%, 01/01/51 | 5,000 | 4,712,608 | |
Series B, 5.25%, 01/01/49 | 2,980 | 3,256,641 | |
Series E, 5.00%, 01/01/45 | 8,720 | 8,762,527 | |
New Jersey Turnpike Authority, Refunding RB | |||
Series A, (AGM), 5.25%, 01/01/29 | 4,000 | 4,384,554 | |
Series A, (BHAC-CR AGM), 5.25%, 01/01/29 | 500 | 548,857 | |
Series A, (AGM), 5.25%, 01/01/30 | 4,000 | 4,461,623 | |
Series A, 4.00%, 01/01/39 | 7,175 | 7,294,209 | |
South Jersey Port Corp., ARB | |||
Series A, 5.00%, 01/01/49 | 4,150 | 4,264,144 | |
Series B, AMT, 5.00%, 01/01/42 | 12,870 | 13,131,962 | |
South Jersey Transportation Authority, RB | |||
Series A, (AGM-CR), 4.00%, 11/01/50 | 4,260 | 3,810,289 | |
Series A, Subordinate, (BAM), 4.00%, 11/01/50 | 2,000 | 1,858,947 | |
287,492,455 | |||
Utilities — 5.4% | |||
New Jersey Economic Development Authority, RB, AMT, 4.00%, 08/01/59 | 1,000 | 830,843 | |
Passaic Valley Sewerage Commission, Refunding RB | |||
Series J, (AGM), 3.00%, 12/01/40 | 2,060 | 1,711,861 |
Security | Par (000) | Value | |
Utilities (continued) | |||
Passaic Valley Sewerage Commission, Refunding RB (continued) | |||
Series J, (AGM), 3.00%, 12/01/41 | $ | 2,110 | $ 1,722,504 |
Series J, (AGM), 3.00%, 12/01/42 | 2,155 | 1,729,271 | |
Series J, (AGM), 3.00%, 12/01/43 | 2,205 | 1,734,294 | |
Series J, (AGM), 3.00%, 12/01/44 | 2,255 | 1,741,196 | |
Series J, (AGM), 3.00%, 12/01/45 | 2,305 | 1,754,141 | |
Rahway Valley Sewerage Authority, RB(f) | |||
Series A, (NPFGC), 0.00%, 09/01/26 | 4,100 | 3,778,870 | |
Series A, (NPFGC), 0.00%, 09/01/28 | 6,600 | 5,691,670 | |
Series A, (NPFGC), 0.00%, 09/01/29 | 9,650 | 8,042,784 | |
Series A, (NPFGC), 0.00%, 09/01/31 | 6,000 | 4,650,539 | |
Series A, (NPFGC), 0.00%, 09/01/33 | 5,000 | 3,581,300 | |
36,969,273 | |||
Total Municipal Bonds in New Jersey | 974,879,705 | ||
New York — 6.6% | |||
Transportation — 6.6% | |||
Port Authority of New York & New Jersey, ARB | |||
Series 93, 6.13%, 06/01/94 | 6,000 | 6,012,389 | |
AMT, 5.00%, 11/01/30 | 2,000 | 2,130,455 | |
AMT, 5.00%, 11/01/33 | 1,030 | 1,091,637 | |
AMT, 4.00%, 11/01/37 | 1,715 | 1,709,549 | |
AMT, 4.00%, 09/01/38 | 1,085 | 1,057,493 | |
Series 218, AMT, 5.00%, 11/01/32 | 3,105 | 3,294,764 | |
Series 218, AMT, 4.00%, 11/01/47 | 835 | 761,665 | |
Series 221, AMT, 4.00%, 07/15/40 | 1,500 | 1,441,944 | |
Series 221, AMT, 4.00%, 07/15/50 | 4,415 | 3,942,284 | |
Port Authority of New York & New Jersey, Refunding ARB | |||
AMT, 5.00%, 01/15/47 | 2,720 | 2,823,611 | |
AMT, 5.00%, 01/15/52 | 5,000 | 5,152,191 | |
Series 206, AMT, 5.00%, 11/15/42 | 4,475 | 4,579,638 | |
Series 206, AMT, 5.00%, 11/15/47 | 6,500 | 6,594,268 | |
Series 223, AMT, 4.00%, 07/15/41 | 2,530 | 2,427,724 | |
Series 238, AMT, 5.00%, 07/15/39 | 1,670 | 1,798,428 | |
Total Municipal Bonds in New York | 44,818,040 | ||
Pennsylvania — 2.2% | |||
Transportation — 2.2% | |||
Delaware River Joint Toll Bridge Commission, RB, 5.00%, 07/01/42 | 2,460 | 2,539,204 | |
Delaware River Port Authority, RB | |||
5.00%, 01/01/37 | 7,330 | 7,338,352 | |
5.00%, 01/01/40 | 5,000 | 5,004,362 | |
Total Municipal Bonds in Pennsylvania | 14,881,918 | ||
Puerto Rico — 5.2% | |||
State — 5.2% | |||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB | |||
Series A-1, Restructured, 4.75%, 07/01/53 | 2,878 | 2,807,323 | |
Series A-1, Restructured, 5.00%, 07/01/58 | 12,951 | 12,892,633 | |
Series A-2, Restructured, 4.78%, 07/01/58 | 2,906 | 2,818,209 | |
Series A-2, Restructured, 4.33%, 07/01/40 | 12,863 | 12,546,568 | |
Series B-1, Restructured, 4.75%, 07/01/53 | 333 | 324,531 |
Schedule of Investments3
Schedule of Investments (unaudited)(continued)
April 30, 2024
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets)
Security | Par (000) | Value | |
State (continued) | |||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB (continued) | |||
Series B-2, Restructured, 4.78%, 07/01/58 | $ | 618 | $ 599,875 |
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB, Series A-1, Restructured, 0.00%, 07/01/46(f) | 11,852 | 3,693,096 | |
Total Municipal Bonds in Puerto Rico | 35,682,235 | ||
Total Municipal Bonds — 157.2% (Cost: $1,086,712,007) | 1,072,909,039 | ||
Municipal Bonds Transferred to Tender Option Bond Trusts(i) | |||
New Jersey — 4.5% | |||
County/City/Special District/School District — 1.7% | |||
Union County Utilities Authority, Refunding RB, Series A, 5.00%, 06/15/41 | 11,685 | 11,698,774 | |
State — 2.8% | |||
Garden State Preservation Trust, RB, Series A, 5.75%, 11/01/28 | 17,920 | 18,907,625 | |
Total Municipal Bonds in New Jersey | 30,606,399 | ||
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 4.5% (Cost: $29,983,407) | 30,606,399 | ||
Total Long-Term Investments — 161.7% (Cost: $1,116,695,414) | 1,103,515,438 |
Shares | |||
Short-Term Securities | |||
Money Market Funds — 1.2% | |||
BlackRock Liquidity Funds, MuniCash, Institutional Shares, 3.45%(j)(k) | 7,949,890 | 7,950,685 | |
Total Short-Term Securities — 1.2% (Cost: $7,950,535) | 7,950,685 | ||
Total Investments — 162.9% (Cost: $1,124,645,949) | 1,111,466,123 | ||
Other Assets Less Liabilities — 1.0% | 6,942,783 | ||
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (2.9)% | (19,604,173 ) | ||
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (61.0)% | (416,388,946 ) | ||
Net Assets Applicable to Common Shares — 100.0% | $ 682,415,787 |
(a) | 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. |
(b) | 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. |
(c) | When-issued security. |
(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) | Zero-coupon bond. |
(g) | Issuer filed for bankruptcy and/or is in default. |
(h) | Non-income producing security. |
(i) | 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. |
(j) | Affiliate of the Fund. |
(k) | Annualized 7-day yield as of period end. |
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.
4
Schedule of Investments (unaudited)(continued)
April 30, 2024
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 07/31/23 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 04/30/24 | Shares Held at 04/30/24 | Income | Capital Gain Distributions from Underlying Funds |
BlackRock Liquidity Funds, MuniCash, Institutional Shares | $ 104,186,840 | $ — | $ (96,244,299 )(a) | $ 15,685 | $ (7,541 ) | $ 7,950,685 | 7,949,890 | $ 1,457,552 | $ — |
(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 Valuation Committee’s assumptions used in determining the fair value of financial instruments).
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |
Assets | ||||
Investments | ||||
Long-Term Investments | ||||
Municipal Bonds | $ — | $ 1,072,909,039 | $ — | $ 1,072,909,039 |
Municipal Bonds Transferred to Tender Option Bond Trusts | — | 30,606,399 | — | 30,606,399 |
Short-Term Securities | ||||
Money Market Funds | 7,950,685 | — | — | 7,950,685 |
$7,950,685 | $1,103,515,438 | $— | $1,111,466,123 |
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:
Level 1 | Level 2 | Level 3 | Total | |
Liabilities | ||||
TOB Trust Certificates | $— | $(19,284,999 ) | $— | $(19,284,999 ) |
VRDP Shares at Liquidation Value | — | (417,100,000 ) | — | (417,100,000 ) |
$— | $(436,384,999 ) | $— | $(436,384,999 ) |
Schedule of Investments5
Schedule of Investments (unaudited)(continued)
April 30, 2024
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
Portfolio Abbreviation | |
AGM | Assured Guaranty Municipal Corp. |
AGM-CR | AGM Insured Custodial Receipt |
AMBAC | AMBAC Assurance Corp. |
AMT | Alternative Minimum Tax |
ARB | Airport Revenue Bonds |
BAM | Build America Mutual Assurance Co. |
BHAC-CR | Berkshire Hathaway Assurance Corp. - Custodian Receipt |
CAB | Capital Appreciation Bonds |
COP | Certificates of Participation |
GO | General Obligation Bonds |
GTD | GTD Guaranteed |
M/F | Multi-Family |
NPFGC | National Public Finance Guarantee Corp. |
RB | Revenue Bond |
S/F | Single-Family |
SAB | Special Assessment Bonds |
SAW | State Aid Withholding |
6