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: 08/31/2012

 

Date of reporting period: 05/31/2012

 

Item 1 – Schedule of Investments

 

 

 

 

 

Schedule of Investments May 31, 2012 (Unaudited)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York — 117.3%

 

 

 

 

 

 

 

Corporate — 3.8%

 

 

 

 

 

 

 

New York City Industrial Development
Agency, Refunding RB, Terminal One
Group Association Project, AMT,
5.50%, 1/01/24 (a)

 

$

1,500

 

$

1,580,505

 

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

 

 

4,500

 

 

5,054,175

 

New York State Energy Research &
Development Authority, Refunding RB,
Brooklyn Union Gas/Keyspan, Series
A, AMT (NPFGC), 4.70%, 2/01/24

 

 

3,340

 

 

3,520,293

 

Suffolk County Industrial Development
Agency New York, RB, Keyspan, Port
Jefferson, AMT, 5.25%, 6/01/27

 

 

4,355

 

 

4,511,650

 

Suffolk County Industrial Development
Agency New York, Refunding RB,
Ogden Martin System Huntington,
AMT (AMBAC), 6.25%, 10/01/12

 

 

3,530

 

 

3,596,505

 

 

 

 

 

 

 

18,263,128

 

County/City/Special District/School District — 24.2%

 

 

 

 

 

 

 

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

 

 

4,975

 

 

5,254,645

 

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

 

 

1,000

 

 

1,097,520

 

City of New York, New York, GO:

 

 

 

 

 

 

 

Refunding, Series I, 5.00%,
8/01/32 (b)

 

 

490

 

 

568,317

 

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

 

 

2,350

 

 

2,657,732

 

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

 

 

4,175

 

 

4,780,667

 

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

 

 

 

 

 

 

 

5.00%, 12/01/29

 

 

1,135

 

 

1,316,350

 

5.00%, 12/01/36

 

 

1,100

 

 

1,250,480

 

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

 

 

1,000

 

 

1,148,710

 

Hudson New York Yards Infrastructure
Corp., RB, Series A:

 

 

 

 

 

 

 

5.00%, 2/15/47

 

 

1,850

 

 

1,936,617

 

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

 

 

1,500

 

 

1,570,230

 

New York City Industrial Development
Agency, RB, PILOT:

 

 

 

 

 

 

 

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

 

 

800

 

 

906,016

 

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

 

 

3,500

 

 

3,522,645

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

New York City Industrial Development
Agency, RB, PILOT (concluded):

 

 

 

 

 

 

 

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

 

$

8,140

 

$

8,142,930

 

Yankee Stadium (AGC), 5.05%,
3/01/39 (c)

 

 

1,380

 

 

363,106

 

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

 

 

2,200

 

 

2,269,432

 

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

 

 

9,500

 

 

9,688,575

 

New York City Transitional Finance
Authority, RB:

 

 

 

 

 

 

 

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

 

 

4,000

 

 

4,533,840

 

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

 

 

1,250

 

 

1,428,313

 

Future Tax Secured, Series C
(NPFGC), 5.00%, 2/01/33

 

 

10,000

 

 

10,597,500

 

Future Tax Secured, Series E
(NPFGC), 5.25%, 2/01/13 (d)

 

 

2,455

 

 

2,537,341

 

Future Tax Secured, Series E
(NPFGC), 5.25%, 2/01/22

 

 

45

 

 

46,382

 

Series B (NPFGC), 5.50%, 2/01/13

 

 

110

 

 

110,479

 

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

 

 

3,750

 

 

4,014,450

 

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

 

 

4,830

 

 

4,954,131

 

New York City Transitional Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,510

 

 

1,567,652

 

Series A (NPFGC), 5.00%,
11/15/26

 

 

1,000

 

 

1,003,490

 

New York Convention Center
Development Corp., RB, Hotel Unit
Fee Secured (AMBAC):

 

 

 

 

 

 

 

5.00%, 11/15/30

 

 

2,100

 

 

2,203,740

 

5.00%, 11/15/35

 

 

1,150

 

 

1,198,438

 

5.00%, 11/15/44

 

 

4,955

 

 

5,149,038

 

New York Liberty Development Corp.,
Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,710

 

 

1,914,943

 

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

 

 

2,080

 

 

2,392,478

 

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

 

 

2,780

 

 

3,024,334

 

New York State Dormitory Authority,
Refunding RB, School Districts
Financing Program, Series A (AGM),
5.00%, 10/01/35

 

 

5,000

 

 

5,455,150

 

Oneida-Herkimer Solid Waste
Management Authority New York,
Refunding RB (AGM), 5.50%, 4/01/13

 

 

1,800

 

 

1,871,262

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

MAY 31, 2012

1


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Sales Tax Asset Receivable Corp.,
Refunding RB, Series A (AMBAC),
5.00%, 10/15/32

 

$

10,175

 

$

11,064,498

 

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

 

 

 

 

 

 

 

6.00%, 9/01/34

 

 

300

 

 

355,422

 

5.38%, 9/01/41

 

 

125

 

 

140,434

 

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

 

 

3,100

 

 

3,106,169

 

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

 

 

500

 

 

565,165

 

 

 

 

 

 

 

115,708,621

 

Education — 15.6%

 

 

 

 

 

 

 

City of Troy New York, Refunding RB,
Rensselaer Polytechnic, Series A,
5.13%, 9/01/40

 

 

4,050

 

 

4,411,786

 

Madison County Industrial Development
Agency New York, RB, Colgate
University Project, Series A (AMBAC),
5.00%, 7/01/30

 

 

4,000

 

 

4,281,360

 

New York City Industrial Development
Agency, Refunding RB, Nightingale-
Bamford School (AMBAC), 5.25%,
1/15/17

 

 

1,200

 

 

1,229,772

 

New York City Transitional Finance
Authority, RB, Fiscal 2009, Series S-4
(AGC), 5.50%, 1/15/33

 

 

3,000

 

 

3,462,870

 

New York State Dormitory Authority,
LRB, State University Dormitory
Facilities, Series A:

 

 

 

 

 

 

 

5.00%, 7/01/35

 

 

750

 

 

838,665

 

5.00%, 7/01/40

 

 

1,500

 

 

1,654,950

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,770

 

 

2,080,139

 

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

 

 

175

 

 

198,916

 

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

 

 

1,375

 

 

1,575,833

 

General Purpose, Series A,
4.50%, 3/15/35

 

 

2,000

 

 

2,146,960

 

Mount Sinai School of
Medicine, 5.13%, 7/01/39

 

 

1,000

 

 

1,085,460

 

New School (AGM), 5.50%,
7/01/43

 

 

3,265

 

 

3,662,579

 

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

 

 

3,500

 

 

4,567,990

 

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

 

 

400

 

 

449,884

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Education (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB
(concluded):

 

 

 

 

 

 

 

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

 

$

3,000

 

$

3,395,820

 

New York University, Series C,
5.00%, 7/01/38

 

 

2,000

 

 

2,174,460

 

Siena College, 5.13%,
7/01/39

 

 

1,345

 

 

1,458,195

 

New York State Dormitory Authority,
Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,000

 

 

1,126,530

 

Mount Sinai School of Medicine at
NYU (NPFGC), 5.00%, 7/01/35

 

 

5,100

 

 

5,382,744

 

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

 

 

4,180

 

 

4,750,612

 

Rockefeller University, Series
B, 4.00%, 7/01/38

 

 

3,085

 

 

3,239,127

 

Third General Resolution,
State University Educational
Facilities, Series A, 5.00%,
5/15/29

 

 

1,000

 

 

1,166,330

 

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

 

 

 

 

 

 

 

5.50%, 7/01/33

 

 

500

 

 

573,975

 

5.25%, 7/01/36

 

 

700

 

 

782,418

 

Trust for Cultural Resources, Refunding
RB:

 

 

 

 

 

 

 

American Museum of Natural
History, Series A (NPFGC), 5.00%,
7/01/36

 

 

6,300

 

 

6,515,019

 

Carnegie Hall, Series A, 4.75%,
12/01/39

 

 

3,150

 

 

3,375,571

 

Carnegie Hall, Series A, 5.00%,
12/01/39

 

 

1,850

 

 

2,015,112

 

Westchester County Industrial
Development Agency New York, RB,
Purchase College Foundation
Housing, Series A (AMBAC), 5.75%,
12/01/31

 

 

7,000

 

 

7,147,560

 

 

 

 

 

 

 

74,750,637

 

Health — 10.1%

 

 

 

 

 

 

 

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

 

 

500

 

 

559,820

 

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

 

 

3,925

 

 

4,455,895

 

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

 

 

1,800

 

 

2,006,622

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

MAY 31, 2012

2


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Health (concluded)

 

 

 

 

 

 

 

New York City Industrial Development
Agency, RB, Royal Charter, New York
Presbyterian (AGM), 5.75%,
12/15/29

 

$

7,965

 

$

8,155,204

 

New York State Dormitory Authority,
MRB, Montefiore Hospital (NPFGC),
5.00%, 8/01/33

 

 

1,000

 

 

1,034,990

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

Healthcare, Series A, 5.00%,
3/15/38

 

 

2,250

 

 

2,508,345

 

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

 

 

5,500

 

 

5,921,795

 

New York & Presbyterian Hospital
(AGM), 5.00%, 8/15/36

 

 

4,000

 

 

4,127,800

 

North Shore-Long Island
Jewish Health System,
Series A, 5.50%, 5/01/37

 

 

1,825

 

 

2,046,263

 

NYU Hospital Center, Series A,
5.75%, 7/01/31

 

 

2,680

 

 

3,036,708

 

NYU Hospital Center, Series A,
6.00%, 7/01/40

 

 

1,800

 

 

2,080,098

 

New York State Dormitory Authority,
Refunding RB:

 

 

 

 

 

 

 

New York University Hospitals
Center, Series A, 5.00%,
7/01/36

 

 

1,000

 

 

1,047,900

 

North Shore-Long Island
Jewish Health System,
Series A, 5.00%, 5/01/32

 

 

2,000

 

 

2,205,460

 

North Shore-Long Island
Jewish Health System,
Series A, 5.25%, 5/01/34

 

 

7,375

 

 

8,265,974

 

St. Luke’s Roosevelt Hospital (FHA),
4.90%, 8/15/31

 

 

1,000

 

 

1,054,100

 

 

 

 

 

 

 

48,506,974

 

Housing — 4.1%

 

 

 

 

 

 

 

New York City Housing Development
Corp., RB, AMT:

 

 

 

 

 

 

 

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

 

 

750

 

 

773,190

 

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

 

 

1,335

 

 

1,367,027

 

Series C, 5.00%, 11/01/26

 

 

1,250

 

 

1,298,000

 

Series C, 5.05%, 11/01/36

 

 

2,000

 

 

2,058,640

 

Series H-1, 4.70%, 11/01/40

 

 

1,000

 

 

1,011,970

 

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

 

 

835

 

 

862,179

 

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

 

 

600

 

 

628,872

 

New York Mortgage Agency, RB, Series
145, AMT, 5.13%, 10/01/37

 

 

1,000

 

 

1,034,720

 

New York Mortgage Agency, Refunding
RB, AMT:

 

 

 

 

 

 

 

Series 133, 4.95%, 10/01/21

 

 

685

 

 

715,551

 

Series 143, 4.85%, 10/01/27

 

 

1,085

 

 

1,118,375

 

Series 143, 4.90%, 10/01/37

 

 

878

 

 

898,260

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Housing (concluded)

 

 

 

 

 

 

 

New York Mortgage Agency, Refunding
RB, AMT (concluded):

 

 

 

 

 

 

 

Series 143 (NPFGC), 4.85%,
10/01/27

 

$

2,000

 

$

2,081,080

 

Series 82 (NPFGC), 5.65%,
4/01/30

 

 

555

 

 

555,644

 

Series 97, 5.50%, 4/01/31

 

 

595

 

 

595,565

 

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

 

 

1,000

 

 

1,018,460

 

Yonkers EDC, Refunding RB, Riverview II
(Freddie Mac), 4.50%, 5/01/25

 

 

1,500

 

 

1,608,255

 

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

 

 

2,000

 

 

2,055,960

 

 

 

 

 

 

 

19,681,748

 

State — 9.2%

 

 

 

 

 

 

 

New York State, GO, Series E, 3.75%,
12/15/31

 

 

1,895

 

 

1,977,224

 

New York State Dormitory Authority,
ERB, Series C, 5.00%, 12/15/31

 

 

2,320

 

 

2,628,073

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

250

 

 

280,623

 

Mental Health Facilities, Series
B, 5.25%, 2/15/14 (d)

 

 

1,550

 

 

1,675,007

 

Mental Health Services Facilities
Improvement, Series B (AGM),
5.00%, 2/15/33

 

 

4,500

 

 

4,981,770

 

School Districts Financing Program,
Series C (AGM), 5.00%,
10/01/37

 

 

2,500

 

 

2,684,650

 

School Districts Financing Program,
Series D (NPFGC), 5.00%,
10/01/30

 

 

1,240

 

 

1,256,740

 

School Districts Financing Program,
Series E (NPFGC), 5.75%,
10/01/30

 

 

6,900

 

 

7,007,985

 

New York State Dormitory Authority,
Refunding RB:

 

 

 

 

 

 

 

School Districts Financing Program,
Series A (AGM), 5.00%, 10/01/35

 

 

450

 

 

485,055

 

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

 

 

2,000

 

 

2,056,200

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

Second General, Series B,
5.00%, 4/01/27

 

 

1,000

 

 

1,120,880

 

Series A (AMBAC), 5.00%, 4/01/26

 

 

8,700

 

 

9,716,247

 

New York State Thruway Authority,
Refunding RB, Series A, 5.00%,
4/01/32

 

 

1,000

 

 

1,168,250

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

MAY 31, 2012

3


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

State (concluded)

 

 

 

 

 

 

 

New York State Urban Development
Corp., RB:

 

 

 

 

 

 

 

Personal Income Tax, Series C-1
(NPFGC), 5.00%, 3/15/13 (d)

 

$

3,000

 

$

3,112,650

 

State Personal Income Tax,
Series A, 3.50%, 3/15/28

 

 

1,660

 

 

1,710,680

 

State Personal Income Tax, State
Facilities, Series A-1 (NPFGC),
5.00%, 3/15/29

 

 

2,000

 

 

2,127,740

 

 

 

 

 

 

 

43,989,774

 

Tobacco — 4.0%

 

 

 

 

 

 

 

Tobacco Settlement Financing Corp.
New York, RB, Asset-Backed, Series A-
1 (AMBAC):

 

 

 

 

 

 

 

5.25%, 6/01/20

 

 

5,000

 

 

5,237,500

 

5.25%, 6/01/21

 

 

13,275

 

 

13,905,562

 

 

 

 

 

 

 

19,143,062

 

Transportation — 37.4%

 

 

 

 

 

 

 

Hudson New York Yards Infrastructure
Corp., RB:

 

 

 

 

 

 

 

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

 

 

7,370

 

 

7,750,661

 

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

 

 

7,530

 

 

7,918,925

 

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

 

 

14,505

 

 

14,655,562

 

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

 

 

305

 

 

320,753

 

Metropolitan Transportation Authority,
RB:

 

 

 

 

 

 

 

Series 2008C, 6.50%,
11/15/28

 

 

6,015

 

 

7,705,275

 

Transportation, Series A,
5.00%, 11/15/27

 

 

1,000

 

 

1,153,790

 

Transportation, Series D,
5.25%, 11/15/41

 

 

2,250

 

 

2,533,725

 

Metropolitan Transportation Authority,
Refunding RB:

 

 

 

 

 

 

 

Series A, 5.13%, 1/01/29

 

 

1,820

 

 

1,826,152

 

Series A (AGM), 5.75%, 11/15/32

 

 

19,000

 

 

19,425,030

 

Series B, 5.00%, 11/15/34

 

 

2,500

 

 

2,787,575

 

Series C (AGM), 4.75%, 7/01/12 (d)

 

 

2,535

 

 

2,544,582

 

Transportation, Series F (NPFGC),
5.25%, 11/15/12 (d)

 

 

6,300

 

 

6,445,089

 

New York Liberty Development Corp.,
RB, 1 World Trade Center Port
Authority Construction:

 

 

 

 

 

 

 

5.00%, 12/15/41

 

 

6,000

 

 

6,667,920

 

5.25%, 12/15/43

 

 

11,500

 

 

13,079,985

 

New York State Thruway Authority, RB,
Series F (AMBAC), 5.00%, 1/01/30

 

 

5,000

 

 

5,396,750

 

New York State Thruway Authority,
Refunding RB, Series G (AGM):

 

 

 

 

 

 

 

4.75%, 1/01/29

 

 

1,250

 

 

1,349,938

 

4.75%, 1/01/30

 

 

1,030

 

 

1,116,046

 

5.00%, 1/01/32

 

 

3,450

 

 

3,791,619

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

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

 

$

1,600

 

$

1,776,672

 

Port Authority of New York & New
Jersey, RB:

 

 

 

 

 

 

 

Consolidated, 124th Series,
5.00%, 8/01/36

 

 

750

 

 

752,160

 

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

 

 

2,500

 

 

2,831,000

 

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

 

 

4,000

 

 

4,005,480

 

Special Project, JFK International Air
Terminal, Series 6 AMT (NPFGC),
6.25%, 12/01/15

 

 

7,830

 

 

8,656,613

 

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

 

 

26,725

 

 

26,729,543

 

Triborough Bridge & Tunnel Authority,
RB:

 

 

 

 

 

 

 

Sub-Series A (NPFGC), 5.25%,
11/15/30

 

 

6,000

 

 

6,331,440

 

Subordinate Bonds (AMBAC),
5.00%, 11/15/28

 

 

1,965

 

 

2,070,894

 

Triborough Bridge & Tunnel Authority,
Refunding RB:

 

 

 

 

 

 

 

Series C, 5.00%, 11/15/38

 

 

1,385

 

 

1,556,158

 

Series E (NPFGC), 5.25%,
11/15/23

 

 

9,600

 

 

9,798,048

 

Series E (NPFGC), 5.00%,
11/15/32

 

 

8,315

 

 

8,451,532

 

 

 

 

 

 

 

179,428,917

 

Utilities — 8.9%

 

 

 

 

 

 

 

Long Island Power Authority, RB,
Series A:

 

 

 

 

 

 

 

5.00%, 5/01/36

 

 

2,375

 

 

2,618,984

 

(AMBAC), 5.00%, 9/01/29

 

 

3,000

 

 

3,213,630

 

Long Island Power Authority, Refunding
RB:

 

 

 

 

 

 

 

General, Series A (AGC), 6.00%,
5/01/33

 

 

1,500

 

 

1,786,380

 

General, Series B (AGM), 5.00%,
12/01/35

 

 

3,500

 

 

3,686,375

 

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

 

 

1,000

 

 

1,156,020

 

New York City Municipal Water Finance
Authority, RB, Series B, 5.00%,
6/15/36

 

 

3,500

 

 

3,905,440

 

New York City Municipal Water Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,000

 

 

1,141,140

 

2nd Generation Resolution,
Series FF, 5.00%, 6/15/31

 

 

1,500

 

 

1,711,710

 

Series A (AGM), 4.25%, 6/15/39

 

 

1,700

 

 

1,756,814

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

MAY 31, 2012

4


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Utilities (concluded)

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, Refunding RB (concluded):

 

 

 

 

 

 

 

Series DD, 5.00%, 6/15/32

 

$

5,750

 

$

6,377,440

 

Series DD (AGM), 4.50%, 6/15/39

 

 

2,500

 

 

2,612,825

 

New York State Environmental Facilities
Corp., RB, Long Island Water Corp.
Project, Series A, AMT (NPFGC),
4.90%, 10/01/34

 

 

6,000

 

 

6,106,800

 

New York State Environmental Facilities
Corp., Refunding RB, Revolving Funds,
New York City Municipal Water, Series
B, 5.00%, 6/15/36

 

 

3,200

 

 

3,662,496

 

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

 

 

2,580

 

 

2,944,992

 

 

 

 

 

 

 

42,681,046

 

Total Municipal Bonds in New York

 

 

 

 

 

562,153,907

 

 

 

 

 

 

 

 

 

Guam — 1.3%

 

 

 

 

 

 

 

Transportation — 1.0%

 

 

 

 

 

 

 

Guam International Airport Authority,
Refunding RB, General, Series C, AMT
(NPFGC):

 

 

 

 

 

 

 

5.25%, 10/01/21

 

 

3,700

 

 

3,706,105

 

5.25%, 10/01/22

 

 

1,050

 

 

1,051,575

 

 

 

 

 

 

 

4,757,680

 

Utilities — 0.3%

 

 

 

 

 

 

 

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

 

 

1,175

 

 

1,282,748

 

Total Municipal Bonds in Guam

 

 

 

 

 

6,040,428

 

 

 

 

 

 

 

 

 

Puerto Rico — 13.2%

 

 

 

 

 

 

 

Housing — 0.6%

 

 

 

 

 

 

 

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

 

 

2,500

 

 

2,728,600

 

State — 6.9%

 

 

 

 

 

 

 

Commonwealth of Puerto Rico, GO,
Refunding (NPFGC):

 

 

 

 

 

 

 

Public Improvement, Series A,
5.50%, 7/01/20

 

 

1,970

 

 

2,218,653

 

Sub-Series C-7, 6.00%,
7/01/27

 

 

2,000

 

 

2,240,360

 

Sub-Series C-7, 6.00%,
7/01/28

 

 

4,000

 

 

4,469,200

 

Puerto Rico Commonwealth
Infrastructure Financing Authority, RB,
CAB, Series A (c):

 

 

 

 

 

 

 

(AMBAC), 5.86%, 7/01/34

 

 

9,300

 

 

2,599,629

 

(AMBAC), 6.14%, 7/01/37

 

 

2,200

 

 

482,394

 

(NPFGC), 5.55%, 7/01/31

 

 

10,280

 

 

3,616,504

 

(NPFGC), 5.76%, 7/01/33

 

 

5,500

 

 

1,661,495

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Puerto Rico (concluded)

 

 

 

 

 

 

 

State (concluded)

 

 

 

 

 

 

 

Puerto Rico Highway & Transportation
Authority, Refunding RB, Series CC
(AGM), 5.50%, 7/01/31

 

$

1,855

 

$

2,190,941

 

Puerto Rico Public Buildings Authority,
Refunding RB, Government Facilities,
Series M-3 (NPFGC), 6.00%, 7/01/28

 

 

2,500

 

 

2,806,225

 

Puerto Rico Sales Tax Financing Corp.,
RB, First Sub-Series A:

 

 

 

 

 

 

 

5.63%, 8/01/30

 

 

1,000

 

 

1,060,680

 

5.75%, 8/01/37

 

 

3,000

 

 

3,328,080

 

(AGM), 5.00%, 8/01/40

 

 

1,905

 

 

2,023,148

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB:

 

 

 

 

 

 

 

CAB, Series A (NPFGC), 5.63%,
8/01/41 (c)

 

 

11,000

 

 

2,177,560

 

CAB, Series A (NPFGC), 5.67%,
8/01/43 (c)

 

 

2,500

 

 

437,800

 

Senior Series C, 5.25%,
8/01/40

 

 

1,530

 

 

1,692,792

 

 

 

 

 

 

 

33,005,461

 

Transportation — 4.7%

 

 

 

 

 

 

 

Puerto Rico Highway & Transportation
Authority, RB, Series Y (AGM), 6.25%,
7/01/21

 

 

5,025

 

 

6,037,286

 

Puerto Rico Highway & Transportation
Authority, Refunding RB:

 

 

 

 

 

 

 

(AGM), 4.95%, 7/01/26

 

 

3,710

 

 

3,996,412

 

Series CC (AGM), 5.50%, 7/01/29

 

 

2,145

 

 

2,546,287

 

Series D, 5.75%, 7/01/12 (d)

 

 

10,000

 

 

10,046,100

 

 

 

 

 

 

 

22,626,085

 

Utilities — 1.0%

 

 

 

 

 

 

 

Puerto Rico Aqueduct & Sewer
Authority, Refunding RB, Senior Lien,
Series A (AGC), 5.13%, 7/01/47

 

 

1,800

 

 

1,865,034

 

Puerto Rico Electric Power Authority, RB:

 

 

 

 

 

 

 

Series NN, 5.13%, 7/01/13 (d)

 

 

940

 

 

989,331

 

Series RR (NPFGC), 5.00%,
7/01/24

 

 

1,000

 

 

1,056,940

 

Puerto Rico Electric Power Authority,
Refunding RB, Series V V (NPFGC),
5.25%, 7/01/30

 

 

1,000

 

 

1,106,530

 

 

 

 

 

 

 

5,017,835

 

Total Municipal Bonds in Puerto Rico

 

 

 

 

 

63,377,981

 

 

 

 

 

 

 

 

 

Total Municipal Bonds – 131.8%

 

 

 

 

 

631,572,316

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

MAY 31, 2012

5


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (e)

 

Par
(000)

 

Value

 

New York — 33.0%

 

 

 

 

 

 

 

County/City/Special District/School District — 14.1%

 

 

 

 

 

 

 

City of New York New York, GO:

 

 

 

 

 

 

 

Series J, 5.00%, 5/15/23

 

$

6,800

 

$

7,344,476

 

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

 

 

10,000

 

 

11,818,500

 

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

 

 

1,650

 

 

1,865,424

 

New York Convention Center
Development Corp., RB, Hotel Unit
Fee Secured (AMBAC), 5.00%,
11/15/35

 

 

18,000

 

 

18,758,160

 

New York Liberty Development Corp.,
Refunding RB:

 

 

 

 

 

 

 

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

 

 

2,000

 

 

2,162,680

 

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

 

 

2,010

 

 

2,039,889

 

7 World Trade Center Project,
5.00%, 9/15/40

 

 

2,610

 

 

2,945,829

 

New York State Dormitory Authority, RB,
State University Dormitory Facilities,
Series A, 5.25%, 7/01/29

 

 

5,000

 

 

5,719,850

 

Sales Tax Asset Receivable Corp.,
Refunding RB, Series A (AMBAC):

 

 

 

 

 

 

 

5.25%, 10/15/27

 

 

9,500

 

 

10,385,922

 

5.00%, 10/15/32

 

 

4,003

 

 

4,352,928

 

 

 

 

 

 

 

67,393,658

 

Education — 3.0%

 

 

 

 

 

 

 

New York State Dormitory Authority,
LRB, State University Dormitory
Facilities, Series A, 5.00%, 7/01/35

 

 

4,448

 

 

5,029,793

 

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

 

 

 

 

 

 

 

5.00%, 7/01/38

 

 

5,498

 

 

5,978,197

 

(AMBAC), 5.00%, 7/01/37

 

 

2,999

 

 

3,222,266

 

 

 

 

 

 

 

14,230,256

 

State — 2.4%

 

 

 

 

 

 

 

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

 

 

5,000

 

 

5,946,800

 

New York State Dormitory Authority, RB,
Mental Health Services Facilities,
Series C, AMT (AGM), 5.40%,
2/15/33

 

 

5,458

 

 

5,834,581

 

 

 

 

 

 

 

11,781,381

 

Transportation — 10.2%

 

 

 

 

 

 

 

Hudson New York Yards Infrastructure
Corp., Senior RB, Series A, 5.75%,
2/15/47

 

 

5,999

 

 

6,907,383

 

Metropolitan Transportation Authority,
RB, Series A (NPFGC), 5.00%,
11/15/31

 

 

7,002

 

 

7,822,773

 

New York State Thruway Authority, RB,
Series G (AGM), 5.00%, 1/01/32

 

 

12,000

 

 

13,188,240

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (e)

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

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

 

$

8,500

 

$

9,163,680

 

Port Authority of New York & New
Jersey, RB:

 

 

 

 

 

 

 

Consolidated, 169th Series,
5.00%, 10/15/25

 

 

8,005

 

 

9,261,763

 

Consolidated, 37th Series (AGM),
5.13%, 7/15/30

 

 

2,500

 

 

2,682,725

 

 

 

 

 

 

 

49,026,564

 

Utilities — 3.3%

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB, Fiscal 2009, Series A,
5.75%, 6/15/40

 

 

4,004

 

 

4,833,309

 

New York City Municipal Water Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

Second General Resolution,
Series HH, 5.00%, 6/15/32

 

 

7,151

 

 

8,239,376

 

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

 

 

2,399

 

 

2,764,326

 

 

 

 

 

 

 

15,837,011

 

Total Municipal Bonds Transferred to Tender Option
Bond (TOB) Trusts – 33.0%

 

 

 

 

 

158,268,870

 

Total Long-Term Investments
(Cost – $740,158,363) – 164.8%

 

 

 

 

 

789,841,186

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

 

 

 

 

 

 

BIF New York Municipal Money Fund,
0.00% (f)(g)

 

 

2,880,285

 

 

2,880,285

 

Total Short-Term Securities
(Cost – $2,880,285) – 0.6%

 

 

 

 

 

2,880,285

 

Total Investments (Cost - $743,038,648*) – 165.4%

 

 

 

 

 

792,721,471

 

Other Assets Less Liabilities – 1.6%

 

 

 

 

 

7,789,597

 

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable – (16.2)%

 

 

 

 

 

(77,518,973

)

VRDP Shares, at Liquidation Value – (50.8)%

 

 

 

 

 

(243,600,000

)

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

479,392,095

 

 

 

*

As of May 31, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:


 

 

 

 

 

Tax cost

 

$

666,132,315

 

Gross unrealized appreciation

 

$

52,053,813

 

Gross unrealized depreciation

 

 

(2,941,477

)

Net unrealized appreciation

 

$

49,112,336

 

 

 

(a)

Variable rate security. Rate shown is as of report date.


 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

MAY 31, 2012

6


 

 

 

 

Schedule of Investments May 31, 2012 (Unaudited)

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

 

 

(b)

When-issued security. Unsettled when-issued transactions were as follows:


 

 

 

 

 

 

 

 

Counterparty

 

Value

 

Unrealized
Appreciation

 

Merrill Lynch Pierce

 

$

568,317

 

$

3,332

 

 

 

(c)

Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.

 

 

(d)

US 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.

 

 

(e)

Securities represent bonds transferred to a TOB in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction.

 

 

(f)

Investments in companies considered to be an affiliate of the Fund during the period, 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,
2011

 

Net
Activity

 

Shares
Held at
May 31,
2012

 

Income

 

 

BIF New York
Municipal
Money Fund

 

 

12,792,001

 

 

(9,911,716

)

 

2,880,285

 

$

74

 

 

 

(g)

Represents the current yield as of report date.

 

 

•

Financial futures contracts sold as of May 31, 2012 were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

Issue

 

Exchange

 

Expiration

 

Notional
Value

 

Unrealized
Depreciation

 

138

 

 

10-Year US
Treasury
Note

 

 

Chicago
Board of
Trade

 

 

September
2012

 

$

18,483,375

 

$

(161,981

)

 

Portfolio Abbreviations

 

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list:


 

 

AGC

Assured Guaranty Corp.

AGM

Assured Guaranty Municipal Corp.

AMBAC

American Municipal Bond Assurance Corp.

AMT

Alternative Minimum Tax (subject to)

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

LRB

Lease Revenue Bonds

MRB

Mortgage Revenue Bonds

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


 

 

 

•

For Fund compliance purposes, the Fund’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 Fund management. These definitions may not apply for purposes of this report, which may combine such sector sub- classifications for reporting ease.

 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

 

 

•

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets and liabilities

 

 

 

 

•

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)

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment 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 and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the inputs used as of May 31, 2012 in determining the fair valuation of the Fund’s investments and derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term
Investments1

 

 

—

 

$

789,841,186

 

 

—

 

$

789,841,186

 

Short-Term
Securities

 

$

2,880,285

 

 

—

 

 

—

 

 

2,880,285

 

Total

 

$

2,880,285

 

$

789,841,186

 

 

—

 

$

792,721,471

 

 

 

1

See above Schedule of Investments for values in each sector.

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

MAY 31, 2012

7


 

 

 

 

Schedule of Investments (concluded)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative Financial Instruments2

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate
contracts

 

$

(161,981

)

 

—

 

 

—

 

$

(161,981

)

 

 

2

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

Certain of the Fund’s assets and liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of May 31, 2012, such assets and liabilities are categorized within the disclosure hierarchy as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash pledged
as collateral
for financial
futures
contracts

 

$

365,000

 

 

—

 

 

—

 

$

365,000

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

TOB trust
certificates

 

 

—

 

$

(77,476,820

)

 

—

 

 

(77,476,820

)

VRDP shares

 

 

—

 

 

(243,600,000

)

 

—

 

 

(243,600,000

)

Total

 

$

365,000

 

 

(321,076,820

)

 

—

 

 

(320,711,820

)

There were no transfers between levels during the period ended May 31, 2012.

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

MAY 31, 2012

8

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: July 25, 2012
   
  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: July 25, 2012
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniHoldings New York Quality Fund, Inc.
     
  Date: July 25, 2012