BLACKROCK MUNIHOLDINGS 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: 811-08707
Name of Fund: BlackRock MuniHoldings Quality Fund, Inc. (MUS)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniHoldings 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: 04/30/2016
Date of reporting period: 01/31/2016
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments January 31, 2016 (Unaudited) |
|
BlackRock MuniHoldings Quality Fund, Inc. (MUS)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Alabama — 1.7% |
|
| City of Birmingham Alabama Special Care Facilities Financing Authority, RB, Children’s Hospital (AGC), 6.00%, 6/01/19
(a) |
|
$ |
2,330 |
|
|
$ |
2,716,174 |
|
| City of Selma Alabama IDB, RB, Gulf Opportunity Zone, International Paper Co. Project, Series A,
5.38%, 12/01/35 |
|
|
565 |
|
|
|
629,314 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
3,345,488 |
|
| California — 27.7% |
|
| California Educational Facilities Authority, RB, University of Southern California, Series A, 5.25%, 10/01/38 |
|
|
2,895 |
|
|
|
3,231,023 |
|
| California Health Facilities Financing Authority, RB, Sutter Health: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 11/15/46 (b) |
|
|
890 |
|
|
|
1,034,456 |
|
| Series B, 6.00%, 8/15/42 |
|
|
1,730 |
|
|
|
2,086,813 |
|
| Central Unified School District, GO, Election of 2008,
Series A (AGC), 5.63%, 8/01/33 |
|
|
1,325 |
|
|
|
1,506,353 |
|
| City & County of San Francisco California Airports Commission, Refunding ARB, AMT, Series A: |
|
|
|
|
|
|
|
|
| 2nd, 5.50%, 5/01/28 |
|
|
1,085 |
|
|
|
1,321,975 |
|
| 2nd, 5.25%, 5/01/33 |
|
|
850 |
|
|
|
989,485 |
|
| 5.00%, 5/01/44 |
|
|
1,090 |
|
|
|
1,222,064 |
|
| City of Los Angeles California Department of Water & Power, RB, Power System, Sub-Series A-1,
5.25%, 7/01/38 |
|
|
1,575 |
|
|
|
1,729,807 |
|
| City of San Jose California, Refunding ARB, Series A-1, AMT: |
|
|
|
|
|
|
|
|
| 5.50%, 3/01/30 |
|
|
2,400 |
|
|
|
2,802,576 |
|
| 5.75%, 3/01/34 |
|
|
2,180 |
|
|
|
2,571,920 |
|
| City of Sunnyvale California, Refunding RB,
5.25%, 4/01/40 |
|
|
1,605 |
|
|
|
1,837,886 |
|
| County of Sacramento California, ARB, Senior Series A (AGC), 5.50%, 7/01/41 |
|
|
2,100 |
|
|
|
2,313,612 |
|
| County of Ventura California Community College District, GO, Election of 2002, Series C, 5.50%, 8/01/18 (a) |
|
|
1,850 |
|
|
|
2,067,856 |
|
| Kern Community College District, GO, Safety, Repair & Improvement, Series C, 5.50%, 11/01/33 |
|
|
1,420 |
|
|
|
1,739,898 |
|
| Los Angeles Community College District California, GO, Election of 2008, Series C, 5.25%, 8/01/39 |
|
|
1,000 |
|
|
|
1,166,230 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| California (continued) |
|
|
|
|
|
|
|
|
| Oceanside Unified School District, GO, Series A (AGC), 5.25%, 8/01/33 |
|
$ |
1,825 |
|
|
$ |
1,997,280 |
|
| Redondo Beach Unified School District, GO, Election of 2008, Series E, 5.50%, 8/01/34 |
|
|
1,335 |
|
|
|
1,580,693 |
|
| Riverside County Public Financing Authority, RB, Capital Facilities Project, 5.25%, 11/01/40 |
|
|
2,500 |
|
|
|
2,972,575 |
|
| San Pablo Joint Powers Financing Authority, Refunding, Tax Allocation Bonds, CAB (NPFGC) (c): |
|
|
|
|
|
|
|
|
| 0.00%, 12/01/24 |
|
|
2,635 |
|
|
|
1,657,599 |
|
| 0.00%, 12/01/25 |
|
|
2,355 |
|
|
|
1,400,000 |
|
| 0.00%, 12/01/26 |
|
|
2,355 |
|
|
|
1,323,015 |
|
| Sequoia Union High School District, GO, Refunding, Election of 2004, Series B (AGM), 5.50%, 7/01/16 (a) |
|
|
3,150 |
|
|
|
3,220,024 |
|
| State of California Public Works Board, LRB, Various Capital Projects, Series I: |
|
|
|
|
|
|
|
|
| 5.50%, 11/01/30 |
|
|
1,500 |
|
|
|
1,870,500 |
|
| 5.50%, 11/01/31 |
|
|
2,465 |
|
|
|
3,059,854 |
|
| State of California Public Works Board, RB, Department of Corrections & Rehabilitation, Series F, 5.25%,
9/01/33 |
|
|
725 |
|
|
|
872,581 |
|
| Township of Washington California Health Care District, GO, Election of 2004, Series B, 5.50%, 8/01/40 |
|
|
540 |
|
|
|
651,942 |
|
| University of California, Refunding RB, The Regents of Medical Center, Series J, 5.25%, 5/15/38 |
|
|
4,070 |
|
|
|
4,842,486 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
53,070,503 |
|
| Colorado — 2.2% |
|
|
|
|
|
|
|
|
| City & County of Denver Colorado Airport System, ARB, Series A, AMT: |
|
|
|
|
|
|
|
|
| 5.50%, 11/15/28 |
|
|
1,000 |
|
|
|
1,193,160 |
|
| 5.50%, 11/15/30 |
|
|
340 |
|
|
|
403,117 |
|
| 5.50%, 11/15/31 |
|
|
405 |
|
|
|
478,281 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC. |
|
JANUARY 31, 2016 |
|
1 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniHoldings Quality Fund, Inc. (MUS) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Colorado (continued) |
|
|
|
|
|
|
|
|
| Colorado Health Facilities Authority, RB, Hospital, NCMC, Inc. Project, Series B (AGM), 6.00%, 5/15/26 |
|
$ |
1,900 |
|
|
$ |
2,128,418 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
4,202,976 |
|
| Connecticut — 0.6% |
|
|
|
|
|
|
|
|
| Connecticut State Health & Educational Facility Authority, Refunding RB, Quinnipiac
University, Series L, 5.00%, 7/01/45 |
|
|
1,000 |
|
|
|
1,129,770 |
|
| District of Columbia — 1.2% |
|
|
|
|
|
|
|
|
| District of Columbia Water & Sewer Authority, Refunding RB, Series A, 5.50%,
10/01/18 (a) |
|
|
2,000 |
|
|
|
2,246,020 |
|
| Florida — 15.5% |
|
|
|
|
|
|
|
|
| City of Jacksonville Florida, Refunding RB, Series A, 5.25%, 10/01/33 |
|
|
400 |
|
|
|
481,612 |
|
| County of Broward Florida Airport System Revenue, ARB, Series A, AMT, 5.00%, 10/01/45 |
|
|
2,845 |
|
|
|
3,192,460 |
|
| County of Hillsborough Florida Aviation Authority, Refunding ARB, Tampa International Airport, Series A, AMT,
5.50%, 10/01/29 |
|
|
1,735 |
|
|
|
2,057,658 |
|
| County of Lee Florida, Refunding ARB, Series A, AMT, 5.38%, 10/01/32 |
|
|
1,500 |
|
|
|
1,697,070 |
|
| County of Lee Florida Housing Finance Authority, RB, S/F Housing, Multi-County Program, Series A-2, AMT (Ginnie Mae), 6.00%,
9/01/40 |
|
|
260 |
|
|
|
260,533 |
|
| County of Miami-Dade Florida, RB, Seaport: |
|
|
|
|
|
|
|
|
| Series A, 5.38%, 10/01/33 |
|
|
1,015 |
|
|
|
1,175,674 |
|
| Series A, 6.00%, 10/01/38 |
|
|
1,000 |
|
|
|
1,224,150 |
|
| Series B, AMT, 6.25%, 10/01/38 |
|
|
460 |
|
|
|
572,461 |
|
| Series B, AMT, 6.00%, 10/01/42 |
|
|
615 |
|
|
|
734,064 |
|
| County of Miami-Dade Florida Aviation, Refunding ARB, Series A, AMT, 5.00%, 10/01/31 |
|
|
2,900 |
|
|
|
3,283,148 |
|
| County of Miami-Dade Florida Educational Facilities Authority, RB, University Miami, Series A, 5.00%, 4/01/40 |
|
|
3,465 |
|
|
|
3,921,895 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Florida (continued) |
|
|
|
|
|
|
|
|
| County of Orange Florida School Board, COP, Series A (AGC), 5.50%, 8/01/34 |
|
$ |
4,645 |
|
|
$ |
5,176,899 |
|
| Reedy Creek Improvement District, GO, Series A, 5.25%, 6/01/32 |
|
|
1,040 |
|
|
|
1,234,480 |
|
| Tohopekaliga Water Authority, Refunding RB, Series A, 5.25%, 10/01/36 |
|
|
3,995 |
|
|
|
4,708,387 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
29,720,491 |
|
| Hawaii — 1.4% |
|
|
|
|
|
|
|
|
| State of Hawaii, Department of Transportation, COP, AMT: |
|
|
|
|
|
|
|
|
| 5.25%, 8/01/25 |
|
|
425 |
|
|
|
508,763 |
|
| 5.25%, 8/01/26 |
|
|
460 |
|
|
|
549,470 |
|
| State of Hawaii, Department of Transportation, RB, Series A, AMT, 5.00%, 7/01/45 |
|
|
1,500 |
|
|
|
1,679,220 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,737,453 |
|
| Illinois — 16.1% |
|
|
|
|
|
|
|
|
| City of Chicago Illinois, GARB, O’Hare International Airport, 3rd Lien: |
|
|
|
|
|
|
|
|
| Series A, 5.75%, 1/01/39 |
|
|
1,145 |
|
|
|
1,337,108 |
|
| Series C, 6.50%, 1/01/41 |
|
|
5,225 |
|
|
|
6,305,530 |
|
| City of Chicago Illinois Midway International Airport, Refunding GARB, 2nd Lien, Series A, 5.00%, 1/01/41 |
|
|
1,000 |
|
|
|
1,094,280 |
|
| City of Chicago Illinois Transit Authority, RB: |
|
|
|
|
|
|
|
|
| Federal Transit Administration, Section 5309, Series A (AGC), 6.00%, 12/01/18 (a) |
|
|
2,000 |
|
|
|
2,287,560 |
|
| Sales Tax Receipts, 5.25%, 12/01/36 |
|
|
1,000 |
|
|
|
1,102,190 |
|
| Sales Tax Receipts, 5.25%, 12/01/40 |
|
|
1,790 |
|
|
|
1,957,007 |
|
| City of Chicago Illinois Wastewater Transmission, RB, 2nd Lien, 5.00%, 1/01/42 |
|
|
2,050 |
|
|
|
2,184,890 |
|
| County of Cook Illinois Community College District No. 508, GO, City College of Chicago: |
|
|
|
|
|
|
|
|
| 5.50%, 12/01/38 |
|
|
2,250 |
|
|
|
2,611,260 |
|
| 5.25%, 12/01/43 |
|
|
4,165 |
|
|
|
4,694,163 |
|
| Railsplitter Tobacco Settlement Authority, RB: |
|
|
|
|
|
|
|
|
| 5.50%, 6/01/23 |
|
|
1,405 |
|
|
|
1,662,649 |
|
| 6.00%, 6/01/28 |
|
|
400 |
|
|
|
481,412 |
|
| State of Illinois, GO: |
|
|
|
|
|
|
|
|
| 5.25%, 2/01/31 |
|
|
875 |
|
|
|
959,341 |
|
| 5.25%, 2/01/32 |
|
|
1,355 |
|
|
|
1,477,804 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 2 |
|
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC. |
|
JANUARY 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniHoldings Quality Fund, Inc. (MUS) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Illinois (continued) |
|
|
|
|
|
|
|
|
| State of Illinois, GO (continued): |
|
|
|
|
|
|
|
|
| 5.50%, 7/01/33 |
|
$ |
2,000 |
|
|
$ |
2,244,140 |
|
| 5.50%, 7/01/38 |
|
|
425 |
|
|
|
471,045 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
30,870,379 |
|
| Indiana — 3.8% |
|
|
|
|
|
|
|
|
| Indiana Finance Authority, RB, Private Activity Bond, Ohio River Bridges, Series A, AMT, 5.00%, 7/01/40 |
|
|
565 |
|
|
|
611,895 |
|
| Indianapolis Local Public Improvement Bond Bank, RB, Series F, 5.25%, 2/01/36 |
|
|
3,055 |
|
|
|
3,522,140 |
|
| Indianapolis Local Public Improvement Bond Bank, Refunding RB, Waterworks Project, Series A (AGC), 5.50%, 1/01/38 |
|
|
2,780 |
|
|
|
3,138,509 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
7,272,544 |
|
| Louisiana — 1.6% |
|
|
|
|
|
|
|
|
| Lake Charles Harbor & Terminal District, RB, Series B, AMT (AGM), 5.50%, 1/01/29 |
|
|
1,500 |
|
|
|
1,760,325 |
|
| Tobacco Settlement Financing Corp., Refunding RB, Asset-Backed, Series A, 5.50%, 5/15/29 |
|
|
1,215 |
|
|
|
1,338,165 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
3,098,490 |
|
| Massachusetts — 0.8% |
|
|
|
|
|
|
|
|
| Massachusetts HFA, Refunding RB, Series C, AMT, 5.35%, 12/01/42 |
|
|
1,500 |
|
|
|
1,568,085 |
|
| Michigan — 1.2% |
|
|
|
|
|
|
|
|
| Royal Oak Hospital Finance Authority Michigan, Refunding RB, William Beaumont Hospital,
Series V, 8.25%, 9/01/18 (a) |
|
|
1,910 |
|
|
|
2,272,212 |
|
| Minnesota — 0.8% |
|
|
|
|
|
|
|
|
| City of Minneapolis Minnesota, Refunding RB, Fairview Health Services, Series B (AGC): |
|
|
|
|
|
|
|
|
| 6.50%, 11/15/18 (a) |
|
|
205 |
|
|
|
236,576 |
|
| 6.50%, 11/15/38 |
|
|
1,120 |
|
|
|
1,270,069 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,506,645 |
|
| Mississippi — 2.4% |
|
|
|
|
|
|
|
|
| Mississippi Development Bank, RB, Jackson Water & Sewer System Project (AGM), 6.88%, 12/01/40 |
|
|
2,595 |
|
|
|
3,484,333 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Mississippi (continued) |
|
|
|
|
|
|
|
|
| Mississippi State University Educational Building Corp., Refunding RB, Mississippi State University Improvement Project, 5.25%,
8/01/38 |
|
$ |
1,000 |
|
|
$ |
1,177,400 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
4,661,733 |
|
| Nevada — 3.7% |
|
|
|
|
|
|
|
|
| County of Clark Nevada, ARB, Las Vegas-McCarran International Airport, Series A (AGM), 5.25%, 7/01/39 |
|
|
1,410 |
|
|
|
1,584,290 |
|
| County of Clark Nevada, GO, Limited Tax, 5.00%, 6/01/38 |
|
|
3,500 |
|
|
|
3,790,780 |
|
| County of Clark Nevada Water Reclamation District, GO, Series A, 5.25%, 7/01/34 |
|
|
1,500 |
|
|
|
1,697,700 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
7,072,770 |
|
| New Jersey — 8.7% |
|
|
|
|
|
|
|
|
| New Jersey EDA, RB, Private Activity Bond, The Goethals Bridge Replacement Project, AMT: |
|
|
|
|
|
|
|
|
| 5.38%, 1/01/43 |
|
|
3,000 |
|
|
|
3,344,430 |
|
| (AGM), 5.00%, 1/01/31 |
|
|
790 |
|
|
|
887,265 |
|
| New Jersey Health Care Facilities Financing Authority, RB, Virtua Health, Series A (AGC), 5.50%, 7/01/38 |
|
|
2,100 |
|
|
|
2,367,918 |
|
| New Jersey State Turnpike Authority, RB, Series E, 5.00%, 1/01/45 |
|
|
1,165 |
|
|
|
1,324,675 |
|
| New Jersey Transportation Trust Fund Authority, RB, Transportation System: |
|
|
|
|
|
|
|
|
| Series A, 5.50%, 6/15/41 |
|
|
1,780 |
|
|
|
1,925,942 |
|
| Series A (AGC), 5.63%, 12/15/28 |
|
|
3,170 |
|
|
|
3,584,002 |
|
| Series AA, 5.50%, 6/15/39 |
|
|
1,890 |
|
|
|
2,083,441 |
|
| Series B, 5.25%, 6/15/36 |
|
|
1,000 |
|
|
|
1,069,880 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
16,587,553 |
|
| New York — 5.5% |
|
|
|
|
|
|
|
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, 2nd General Resolution, Series EE: |
|
|
|
|
|
|
|
|
| Fiscal 2009, 5.25%, 6/15/40 |
|
|
3,410 |
|
|
|
3,861,927 |
|
| Water & Sewer System, 5.38%, 6/15/43 |
|
|
1,305 |
|
|
|
1,531,000 |
|
| Hudson Yards Infrastructure Corp., RB, Series A, 5.75%, 2/15/47 |
|
|
2,510 |
|
|
|
2,922,293 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC. |
|
JANUARY 31, 2016 |
|
3 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniHoldings Quality Fund, Inc. (MUS) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 166th Series, 5.25%, 7/15/36 |
|
$ |
2,000 |
|
|
$ |
2,305,400 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
10,620,620 |
|
| Ohio — 1.3% |
|
|
|
|
|
|
|
|
| State of Ohio Turnpike Commission, RB, Junior Lien, Infrastructure Projects, Series A-1,
5.25%, 2/15/31 |
|
|
2,000 |
|
|
|
2,396,040 |
|
| Pennsylvania — 3.3% |
|
|
|
|
|
|
|
|
| Pennsylvania Turnpike Commission, RB, Series B: |
|
|
|
|
|
|
|
|
| 5.00%, 12/01/40 |
|
|
2,500 |
|
|
|
2,863,525 |
|
| 5.00%, 12/01/45 |
|
|
2,000 |
|
|
|
2,274,580 |
|
| Township of Bristol Pennsylvania School District, GO, 5.25%, 6/01/37 |
|
|
1,000 |
|
|
|
1,157,880 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,295,985 |
|
| South Carolina — 4.9% |
|
|
|
|
|
|
|
|
| County of Charleston South Carolina, RB, Special Source, 5.25%, 12/01/38 |
|
|
2,180 |
|
|
|
2,594,026 |
|
| County of Charleston South Carolina Airport District, ARB, Series A, AMT: |
|
|
|
|
|
|
|
|
| 5.50%, 7/01/38 |
|
|
1,000 |
|
|
|
1,148,720 |
|
| 6.00%, 7/01/38 |
|
|
1,695 |
|
|
|
2,003,846 |
|
| 5.50%, 7/01/41 |
|
|
1,000 |
|
|
|
1,143,050 |
|
| South Carolina Ports Authority, RB, AMT, 5.25%, 7/01/50 |
|
|
1,095 |
|
|
|
1,228,491 |
|
| South Carolina State Public Service Authority, Refunding RB, Obligations, Series C, 5.00%, 12/01/46 |
|
|
1,170 |
|
|
|
1,316,589 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
9,434,722 |
|
| Tennessee — 0.3% |
|
|
|
|
|
|
|
|
| Metropolitan Nashville Airport Authority, ARB, Series B, AMT, 5.00%,
7/01/40 |
|
|
545 |
|
|
|
617,131 |
|
| Texas — 23.0% |
|
|
|
|
|
|
|
|
| Austin Community College District Public Facility Corp., RB, Educational Facilities Project, Round Rock Campus, 5.25%, 8/01/18
(a) |
|
|
2,500 |
|
|
|
2,775,400 |
|
| City of Beaumont Texas, GO, Certificates of Obligation, 5.25%, 3/01/37 |
|
|
1,360 |
|
|
|
1,578,552 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Texas (continued) |
|
|
|
|
|
|
|
|
| City of Houston Texas Utility System, Refunding RB, Combined 1st Lien, Series A (AGC), 6.00%, 11/15/35 |
|
$ |
4,000 |
|
|
$ |
4,668,320 |
|
| Dallas Area Rapid Transit, Refunding RB, Senior Lien, 5.25%, 12/01/38 |
|
|
2,600 |
|
|
|
2,892,032 |
|
| Dallas-Fort Worth International Airport, ARB, Joint Improvement, AMT: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 11/01/38 |
|
|
2,965 |
|
|
|
3,273,301 |
|
| Series H, 5.00%, 11/01/37 |
|
|
2,200 |
|
|
|
2,428,448 |
|
| Lower Colorado River Authority, Refunding RB, 5.50%, 5/15/33 |
|
|
1,240 |
|
|
|
1,479,295 |
|
| North Texas Tollway Authority, RB, Special Projects, Series A, 5.50%, 9/01/41 |
|
|
4,250 |
|
|
|
5,032,765 |
|
| North Texas Tollway Authority, Refunding RB, 1st Tier System: |
|
|
|
|
|
|
|
|
| Series A, 5.63%, 1/01/18 (a) |
|
|
2,940 |
|
|
|
3,213,596 |
|
| Series A, 5.63%, 1/01/33 |
|
|
3,645 |
|
|
|
3,930,221 |
|
| Series S, 5.75%, 1/01/18 (a) |
|
|
5,360 |
|
|
|
5,871,559 |
|
| Series S, 5.75%, 1/01/18 (a) |
|
|
2,460 |
|
|
|
2,694,782 |
|
| Series SE, 5.75%, 1/01/40 |
|
|
915 |
|
|
|
993,864 |
|
| Series SE, 5.75%, 1/01/40 |
|
|
2,425 |
|
|
|
2,621,934 |
|
| Red River Education Financing Corp., RB, Texas Christian University Project, 5.25%, 3/15/38 |
|
|
620 |
|
|
|
720,558 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
44,174,627 |
|
| Virginia — 1.1% |
|
|
|
|
|
|
|
|
| City of Lexington Virginia IDA, RB, Washington & Lee University, 5.00%, 1/01/43 |
|
|
570 |
|
|
|
650,336 |
|
| Virginia Public School Authority, RB, Fluvanna County School Financing, 6.50%, 12/01/18 (a) |
|
|
1,300 |
|
|
|
1,507,558 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,157,894 |
|
| Washington — 1.5% |
|
|
|
|
|
|
|
|
| City of Seattle Washington Municipal Light & Power, Refunding RB, Series A, 5.25%, 2/01/36 |
|
|
1,375 |
|
|
|
1,600,912 |
|
| State of Washington, GO, Various Purposes, Series B, 5.25%, 2/01/36 |
|
|
1,075 |
|
|
|
1,260,051 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,860,963 |
|
| Total Municipal Bonds — 130.3% |
|
|
|
|
|
|
249,921,094 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 4 |
|
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC. |
|
JANUARY 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniHoldings Quality Fund, Inc. (MUS) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (d) |
|
Par
(000) |
|
|
Value |
|
| Colorado — 3.1% |
|
|
|
|
|
|
|
|
| Colorado Health Facilities Authority, RB, Catholic Health, Series C-3 (AGM), 5.10%, 4/29/18
(a) |
|
$ |
5,610 |
|
|
$ |
5,924,440 |
|
| Connecticut — 1.0% |
|
|
|
|
|
|
|
|
| Connecticut State Health & Educational Facility Authority, Refunding RB, Trinity
Health Credit Group, 5.00%, 12/01/45 |
|
|
1,771 |
|
|
|
2,042,619 |
|
| District of Columbia — 0.6% |
|
|
|
|
|
|
|
|
| District of Columbia Water & Sewer Authority, Refunding RB, Senior Lien, Series A,
6.00%, 10/01/18 (a)(e) |
|
|
1,039 |
|
|
|
1,181,501 |
|
| Florida — 4.4% |
|
|
|
|
|
|
|
|
| County of Miami-Dade Florida, GO, Building Better Communities Program, Series B-1,
6.00%, 7/01/38 |
|
|
7,500 |
|
|
|
8,452,125 |
|
| Illinois — 1.4% |
|
|
|
|
|
|
|
|
| City of Chicago Illinois, Refunding RB, Waterworks, 2nd Lien (AGM), 5.25%,
11/01/33 |
|
|
2,508 |
|
|
|
2,648,748 |
|
| Kentucky — 0.8% |
|
|
|
|
|
|
|
|
| Kentucky State Property & Building Commission, Refunding RB, Project No. 93
(AGC), 5.25%, 2/01/27 |
|
|
1,406 |
|
|
|
1,576,854 |
|
| Michigan — 1.8% |
|
|
|
|
|
|
|
|
| Michigan State Building Authority, Refunding RB, Facilities Program, Series I, 5.00%,
10/15/45 |
|
|
3,020 |
|
|
|
3,454,276 |
|
| Nevada — 5.2% |
|
|
|
|
|
|
|
|
| County of Clark Nevada Water Reclamation District, GO: |
|
|
|
|
|
|
|
|
| Limited Tax, 6.00%, 7/01/18 (a) |
|
|
5,000 |
|
|
|
5,626,300 |
|
| Series B, 5.50%, 7/01/29 |
|
|
3,749 |
|
|
|
4,289,379 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
9,915,679 |
|
| New Jersey — 1.3% |
|
|
|
|
|
|
|
|
| New Jersey Housing & Mortgage Finance Agency, RB, S/F Housing, Series CC, 5.25%,
10/01/29 |
|
|
2,291 |
|
|
|
2,440,341 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (d) |
|
Par
(000) |
|
|
Value |
|
| City of New York New York Transitional Finance Authority, BARB, Fiscal 2009, Series S-3, 5.25%, 1/15/39 |
|
$ |
1,400 |
|
|
$ |
1,556,894 |
|
| New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43 |
|
|
4,530 |
|
|
|
5,265,953 |
|
| New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.75%, 11/15/51 (e) |
|
|
2,660 |
|
|
|
3,111,188 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
9,934,035 |
|
| Utah — 0.6% |
|
|
|
|
|
|
|
|
| City of Riverton Utah, RB, IHC Health Services, Inc., 5.00%, 8/15/41 |
|
|
1,005 |
|
|
|
1,100,139 |
|
Total Municipal Bonds Transferred to
Tender Option Bond Trusts — 25.4% |
|
|
|
48,670,757 |
|
Total Long-Term Investments
(Cost — $269,056,516) — 155.7% |
|
|
|
298,591,851 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Securities |
|
Shares |
|
|
|
|
| BlackRock Liquidity Funds, MuniCash, 0.02% (f)(g) |
|
|
2,419,380 |
|
|
|
2,419,380 |
|
Total Short-Term Securities
(Cost — $2,419,380) — 1.2% |
|
|
|
|
|
|
2,419,380 |
|
Total Investments
(Cost — $271,475,896*) — 156.9% |
|
|
|
301,011,231 |
|
| Other Assets Less Liabilities — 1.2% |
|
|
|
2,242,315 |
|
| Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable —
(12.7)% |
|
|
|
(24,434,087 |
) |
| VMTP Shares, at Liquidation Value — (45.4)% |
|
|
|
(87,000,000 |
) |
|
|
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
191,819,459 |
|
|
|
|
|
|
|
|
|
|
|
* As of January 31, 2016, gross unrealized appreciation and depreciation based on
cost for federal income tax purposes were as follows: |
|
| Tax cost |
|
|
|
|
|
$ |
247,365,947 |
|
|
|
|
|
|
|
|
|
|
| Gross unrealized appreciation |
|
|
|
|
|
$ |
29,552,837 |
|
| Gross unrealized depreciation |
|
|
|
|
|
|
(336,117 |
) |
|
|
|
|
|
|
|
|
|
| Net unrealized appreciation |
|
|
|
|
|
$ |
29,216,720 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC. |
|
JANUARY 31, 2016 |
|
5 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniHoldings Quality Fund, Inc. (MUS) |
|
| Notes to Schedule of Investments |
| (a) |
|
U.S. Government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium
to par. |
| (b) |
|
When-issued security. |
| (d) |
|
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.
|
| (e) |
|
All or a portion of 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 October 1,2016 to November 15, 2019, is $2,225,650. |
| (f) |
|
During the period ended January 31, 2016, investments in issuers considered to be affiliates of the Fund for purposes of Section 2(a)(3) of the Investment
Company Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliate |
|
Shares Held
at April 30,
2015 |
|
|
Net
Activity |
|
|
Shares Held
at January 31,
2016 |
|
|
Income |
|
| BlackRock Liquidity Funds, MuniCash |
|
|
3,776,544 |
|
|
|
(1,357,164 |
) |
|
|
2,419,380 |
|
|
$ |
441 |
|
| (g) |
|
Current yield as of period end. |
|
| Derivative Financial Instruments Outstanding as of Period
End |
Financial Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts
Short |
|
|
Issue |
|
Expiration |
|
Notional Value |
|
|
Unrealized
Depreciation |
|
| |
(32 |
) |
|
5-Year U.S. Treasury Note |
|
March 2016 |
|
$ |
3,861,500 |
|
|
$ |
(60,839 |
) |
| |
(37 |
) |
|
10-Year U.S. Treasury Note |
|
March 2016 |
|
$ |
4,794,391 |
|
|
|
(109,866 |
) |
| |
(15 |
) |
|
Long U.S. Treasury Bond |
|
March 2016 |
|
$ |
2,415,469 |
|
|
|
(96,205 |
) |
| |
(3 |
) |
|
U.S. Ultra Treasury Bond |
|
March 2016 |
|
$ |
498,562 |
|
|
|
(20,410 |
) |
| |
Total |
|
|
|
|
|
|
|
|
|
|
$ |
(287,320 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AGC |
|
Assured Guarantee Corp. |
| AGM |
|
Assured Guaranty Municipal Corp. |
| AMT |
|
Alternative Minimum Tax (subject to) |
| ARB |
|
Airport Revenue Bonds |
| BARB |
|
Building Aid Revenue Bonds |
| CAB |
|
Capital Appreciation Bonds |
|
|
|
| COP |
|
Certificates of Participation |
| EDA |
|
Economic Development Authority |
| GARB |
|
General Airport Revenue Bonds |
| GO |
|
General Obligation Bonds |
| HFA |
|
Housing Finance Agency |
| IDA |
|
Industrial Development Authority |
|
|
|
| IDB |
|
Industrial Development Board |
| LRB |
|
Lease Revenue Bonds |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| RB |
|
Revenue Bonds |
| S/F |
|
Single-Family |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 6 |
|
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC. |
|
JANUARY 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniHoldings Quality Fund, Inc. (MUS) |
|
| Fair Value Hierarchy as of Period End |
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are
categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| |
• |
|
Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access
|
| |
• |
|
Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted
prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss
severities, credit risks and default rates) or other market-corroborated inputs) |
| |
• |
|
Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available
(including the Fund’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. The significant unobservable inputs used by the Global Valuation
Committee in determining the price for Fair Valued Investments are typically categorized as Level 3.
Changes in valuation techniques may result
in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’s/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 Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its
semi-annual report.
The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure
hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Investments1 |
|
|
— |
|
|
$ |
298,591,851 |
|
|
— |
|
$ |
298,591,851 |
|
| Short-Term Securities |
|
$ |
2,419,380 |
|
|
|
— |
|
|
— |
|
|
2,419,380 |
|
|
|
|
|
|
| Total |
|
$ |
2,419,380 |
|
|
$ |
298,591,851 |
|
|
— |
|
$ |
301,011,231 |
|
|
|
|
|
|
| 1 See above Schedule of Investments for values in each state or political subdivision. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Total |
|
| Derivative Financial Instruments1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
$ |
(287,320 |
) |
|
|
— |
|
|
— |
|
$ |
(287,320 |
) |
| 1 Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation (depreciation) on the
instrument. |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC. |
|
JANUARY 31, 2016 |
|
7 |
|
|
|
| Schedule of Investments (concluded) |
|
BlackRock MuniHoldings Quality Fund, Inc. (MUS) |
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 |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash pledged for financial futures contracts |
|
$ |
153,150 |
|
|
|
— |
|
|
— |
|
$ |
153,150 |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOB Trust Certificates |
|
|
— |
|
|
$ |
(24,428,564 |
) |
|
— |
|
|
(24,428,564 |
) |
| VMTP Shares |
|
|
— |
|
|
|
(87,000,000 |
) |
|
— |
|
|
(87,000,000 |
) |
|
|
|
|
|
| Total |
|
$ |
153,150 |
|
|
$ |
(111,428,564 |
) |
|
— |
|
$ |
(111,275,414 |
) |
|
|
|
|
|
During the period ended January 31, 2016, there were no transfers between levels.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 8 |
|
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC. |
|
JANUARY 31, 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 Quality Fund,
Inc.
|
|
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock MuniHoldings Quality Fund, Inc. |
|
|
|
| Date: |
|
March 22, 2016 |
|
|
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 Quality Fund, Inc. |
|
|
|
| Date: |
|
March 22, 2016 |
|
|
|
|
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock MuniHoldings Quality Fund, Inc. |
|
|
|
| Date: |
|
March 22, 2016 |
|
|