BLACKROCK MUNIHOLDINGS NEW JERSEY 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 811-08621
Name of Fund: BlackRock MuniHoldings New Jersey Quality Fund, Inc.
(MUJ)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniHoldings New Jersey 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: 07/31/2019
Date of reporting period: 10/31/2018
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments (unaudited)
October 31, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds — 139.2% |
|
|
| New Jersey — 139.2% |
|
| Corporate — 3.5% |
|
| New Jersey EDA, RB, Provident Group-Kean Properties, Series A, 5.00%, 07/01/47 |
|
$ |
795 |
|
|
$ |
831,816 |
|
| New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
|
| Duke Farms Foundation Project, 4.00%, 07/01/46 |
|
|
2,770 |
|
|
|
2,802,631 |
|
| New Jersey American Water Co., Inc. Project, Series A, AMT, 5.70%, 10/01/39 |
|
|
7,500 |
|
|
|
7,695,375 |
|
| New Jersey American Water Co., Inc. Project, Series B, AMT, 5.60%, 11/01/34 |
|
|
3,150 |
|
|
|
3,271,842 |
|
| Provident Group-Montclair Properties LLC (AGM), 5.00%, 06/01/42 |
|
|
810 |
|
|
|
861,054 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,462,718 |
|
| County/City/Special District/School District — 16.7% |
|
| Borough of Edgewater New Jersey Board of Education, GO, Refunding, (AGM)(a): |
|
|
|
|
|
|
|
|
| 4.25%, 03/01/20 |
|
|
3,135 |
|
|
|
3,224,567 |
|
| 4.30%, 03/01/20 |
|
|
1,670 |
|
|
|
1,718,814 |
|
| Casino Reinvestment Development Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| 5.25%, 11/01/39 |
|
|
11,130 |
|
|
|
11,737,921 |
|
| 5.25%, 11/01/44 |
|
|
3,755 |
|
|
|
3,949,922 |
|
| City of Bayonne New Jersey, GO, Refunding, Qualified General Improvement (BAM), 5.00%, 07/01/39 |
|
|
3,340 |
|
|
|
3,578,910 |
|
| City of Perth Amboy New Jersey, GO, CAB, Refunding (AGM): |
|
|
|
|
|
|
|
|
| 5.00%, 07/01/32 |
|
|
2,210 |
|
|
|
2,213,028 |
|
| 5.00%, 07/01/33 |
|
|
670 |
|
|
|
670,905 |
|
| 5.00%, 07/01/35 |
|
|
595 |
|
|
|
595,815 |
|
| 5.00%, 07/01/37 |
|
|
705 |
|
|
|
705,909 |
|
| County of Essex New Jersey, GO, Vocational School, Series B, 3.00%, 09/01/46 |
|
|
2,700 |
|
|
|
2,195,073 |
|
| County of Essex New Jersey Improvement Authority, Refunding RB, Project Consolidation (NPFGC): |
|
|
|
|
|
|
|
|
| 5.50%, 10/01/27 |
|
|
250 |
|
|
|
299,860 |
|
| 5.50%, 10/01/28 |
|
|
4,840 |
|
|
|
5,833,991 |
|
| County of Hudson New Jersey Improvement Authority, RB: |
|
|
|
|
|
|
|
|
| CAB, Series A-1 (NPFGC), 0.00%, 12/15/32 (b) |
|
|
1,000 |
|
|
|
591,810 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| County/City/Special District/School District (continued) |
|
| County of Hudson New Jersey Improvement Authority, RB (continued): |
|
|
|
|
|
|
|
|
| Harrison Parking Facility Project, Series C (AGC), 5.25%, 01/01/19 (a) |
|
$ |
3,000 |
|
|
$ |
3,016,500 |
|
| Harrison Parking Facility Project, Series C (AGC), 5.38%, 01/01/19 (a) |
|
|
5,000 |
|
|
|
5,028,500 |
|
| County of Middlesex New Jersey Improvement Authority, RB, Senior Citizens Housing Project, AMT (AMBAC),
5.50%, 09/01/30 |
|
|
500 |
|
|
|
501,375 |
|
| County of Monmouth New Jersey Improvement Authority, Refunding RB, Governmental Loan (AMBAC): |
|
|
|
|
|
|
|
|
| 5.00%, 12/01/18 |
|
|
5 |
|
|
|
5,013 |
|
| 5.38%, 12/01/18 |
|
|
5 |
|
|
|
5,014 |
|
| 5.00%, 12/01/19 |
|
|
5 |
|
|
|
5,012 |
|
| County of Union New Jersey, GO, Refunding(a): |
|
|
|
|
|
|
|
|
| 4.00%, 03/01/21 |
|
|
225 |
|
|
|
234,095 |
|
| 4.00%, 03/01/21 |
|
|
11,200 |
|
|
|
11,678,687 |
|
| County of Union New Jersey Utilities Authority, Refunding RB, Resources Recovery Facility, Covanta Union,
Inc., AMT, Series A, 5.25%, 12/01/31 |
|
|
650 |
|
|
|
699,660 |
|
| New Jersey EDA, RB, Motor Vehicle Surcharge, Series
A(c): |
|
|
|
|
|
|
|
|
| 5.25%, 07/01/26 |
|
|
1,415 |
|
|
|
1,668,596 |
|
| (NPFGC), 5.25%, 07/01/25 |
|
|
535 |
|
|
|
622,991 |
|
| New Jersey Sports & Exposition Authority, Refunding RB, (NPFGC)(c): |
|
|
|
|
|
|
|
|
| 5.50%, 03/01/21 |
|
|
7,430 |
|
|
|
7,982,049 |
|
| 5.50%, 03/01/22 |
|
|
4,200 |
|
|
|
4,632,642 |
|
| Township of Irvington New Jersey, GO, Refunding Series A (AGM), 5.00%, 07/15/33 |
|
|
1,175 |
|
|
|
1,283,758 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
74,680,417 |
|
| Education — 26.2% |
|
| County of Gloucester New Jersey Improvement Authority, RB, Rowan University General Capital Improvement
Projects: |
|
|
|
|
|
|
|
|
| 5.00%, 07/01/44 |
|
|
1,985 |
|
|
|
2,139,711 |
|
| Series A, 5.00%, 07/01/31 |
|
|
1,950 |
|
|
|
2,152,898 |
|
| Series A, 5.00%, 07/01/32 |
|
|
1,775 |
|
|
|
1,957,452 |
|
| Series A, 5.00%, 07/01/33 |
|
|
2,250 |
|
|
|
2,475,630 |
|
| Series A, 5.00%, 07/01/34 |
|
|
1,200 |
|
|
|
1,317,324 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| New Jersey EDA, LRB, Rutgers - The State University of New Jersey, College Avenue Redevelopment Project,
5.00%, 06/15/33 |
|
$ |
3,065 |
|
|
$ |
3,359,363 |
|
| New Jersey EDA, RB, Series A: |
|
|
|
|
|
|
|
|
| Foundation Academy Charter School Project, 5.00%, 07/01/38 |
|
|
190 |
|
|
|
198,073 |
|
| Foundation Academy Charter School Project, 5.00%, 07/01/50 |
|
|
495 |
|
|
|
511,508 |
|
| Provident Group - Rowan Properties LLC, 5.00%, 01/01/35 |
|
|
2,000 |
|
|
|
2,089,300 |
|
| Provident Group - Rowan Properties LLC, 5.00%, 01/01/48 |
|
|
2,000 |
|
|
|
2,066,240 |
|
| New Jersey EDA, Refunding RB, Provident Group-Monteclair Properites LLC (AGM), 5.00%, 06/01/37 |
|
|
3,990 |
|
|
|
4,277,240 |
|
| New Jersey Educational Facilities Authority, RB: |
|
|
|
|
|
|
|
|
| Higher Educational Capital Improvement Fund, Series A, 4.00%, 09/01/28 |
|
|
9,705 |
|
|
|
9,754,787 |
|
| Higher Educational Capital Improvement Fund, Series A, 5.00%, 09/01/33 |
|
|
5,370 |
|
|
|
5,603,917 |
|
| Rider University Issue, Series F, 4.00%, 07/01/42 |
|
|
2,365 |
|
|
|
2,142,524 |
|
| Rider University Issue, Series F, 5.00%, 07/01/47 |
|
|
2,185 |
|
|
|
2,276,879 |
|
| New Jersey Educational Facilities Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Montclair State University, Series A, 5.00%, 07/01/39 |
|
|
15,555 |
|
|
|
16,994,304 |
|
| New Jersey Educational Facilities Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Montclair State University, Series A, 5.00%, 07/01/44 |
|
|
3,540 |
|
|
|
3,857,963 |
|
| New Jersey Institute of Technology, Series H, 5.00%, 07/01/31 |
|
|
4,000 |
|
|
|
4,162,520 |
|
| Princeton University, Series I, 5.00%, 07/01/34 |
|
|
3,295 |
|
|
|
3,794,390 |
|
| Seton Hall University, Series D, 5.00%, 07/01/38 |
|
|
500 |
|
|
|
541,840 |
|
| Seton Hall University, Series D, 5.00%, 07/01/43 |
|
|
600 |
|
|
|
646,962 |
|
| Stevens Institute of Technology, Series A, 4.00%, 07/01/47 |
|
|
1,145 |
|
|
|
1,108,841 |
|
| Stockton University, Series A, 5.00%, 07/01/41 |
|
|
2,370 |
|
|
|
2,497,767 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| William Paterson University (AGC), 5.00%, 07/01/28 |
|
$ |
20 |
|
|
$ |
20,041 |
|
| William Paterson University (AGC), 4.75%, 07/01/34 |
|
|
380 |
|
|
|
380,593 |
|
| New Jersey Higher Education Student Assistance Authority, RB, AMT, Student Loan: |
|
|
|
|
|
|
|
|
| Senior Series 1A, 4.00%, 12/01/28 |
|
|
1,040 |
|
|
|
1,052,875 |
|
| Senior Series 1A, 4.50%, 12/01/28 |
|
|
2,225 |
|
|
|
2,283,295 |
|
| Senior Series 1A, 4.00%, 12/01/29 |
|
|
690 |
|
|
|
693,595 |
|
| Senior Series 1A, 4.00%, 12/01/29 |
|
|
4,990 |
|
|
|
5,021,836 |
|
| Senior Series 1A, 4.50%, 12/01/29 |
|
|
2,785 |
|
|
|
2,851,617 |
|
| Senior Series 1A, 4.63%, 12/01/30 |
|
|
2,725 |
|
|
|
2,798,793 |
|
| Senior Series 1A, 4.00%, 12/01/31 |
|
|
1,125 |
|
|
|
1,128,330 |
|
| Senior Series 1A, 4.25%, 12/01/32 |
|
|
1,790 |
|
|
|
1,802,154 |
|
| Senior Series 1A, 4.13%, 12/01/35 |
|
|
690 |
|
|
|
690,110 |
|
| Senior Series 1A, 4.50%, 12/01/36 |
|
|
1,575 |
|
|
|
1,597,082 |
|
| Sub-Series C, 4.00%, 12/01/48 |
|
|
1,760 |
|
|
|
1,657,146 |
|
| New Jersey Higher Education Student Assistance Authority, Refunding RB, Series 1, AMT: |
|
|
|
|
|
|
|
|
| 5.38%, 12/01/24 |
|
|
755 |
|
|
|
791,701 |
|
| 5.50%, 12/01/26 |
|
|
905 |
|
|
|
948,757 |
|
| New Jersey Institute of Technology, RB, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 07/01/22(a) |
|
|
2,120 |
|
|
|
2,327,018 |
|
| 5.00%, 07/01/42 |
|
|
4,825 |
|
|
|
5,140,024 |
|
| 5.00%, 07/01/45 |
|
|
7,500 |
|
|
|
8,205,150 |
|
| Rutgers - The State University of New Jersey, Refunding RB, Series L, 5.00%, 05/01/30 |
|
|
1,565 |
|
|
|
1,717,869 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
117,035,419 |
|
| Health — 15.1% |
|
| County of Camden New Jersey Improvement Authority, Refunding RB, Cooper Healthcare System, Series A, 5.00%,
02/15/33 |
|
|
2,000 |
|
|
|
2,106,020 |
|
| New Jersey Health Care Facilities Financing Authority, RB: |
|
|
|
|
|
|
|
|
| Inspira Health Obligated Group, 5.00%, 07/01/42 |
|
|
2,270 |
|
|
|
2,457,184 |
|
| Robert Wood Johnson University Hospital, Series A, 5.50%, 07/01/43 |
|
|
7,105 |
|
|
|
7,797,809 |
|
| Virtua Health, Series A (AGC), 5.50%, 07/01/38 |
|
|
4,035 |
|
|
|
4,125,384 |
|
| New Jersey Health Care Facilities Financing Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| AHS Hospital Corp., 5.50%, 07/01/21(a) |
|
|
4,055 |
|
|
|
4,400,364 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Health (continued) |
|
| New Jersey Health Care Facilities Financing Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| AHS Hospital Corp., 6.00%, 07/01/21(a) |
|
$ |
4,180 |
|
|
$ |
4,589,765 |
|
| Catholic Health East Issue, 5.00%, 11/15/33 |
|
|
1,925 |
|
|
|
2,025,042 |
|
| Hackensack University Medical Center (AGM), 4.63%,
01/01/20(a) |
|
|
7,795 |
|
|
|
8,021,757 |
|
| Meridian Health System Obligated Group, 5.00%, 07/01/25 |
|
|
1,000 |
|
|
|
1,088,440 |
|
| Meridian Health System Obligated Group, 5.00%, 07/01/26 |
|
|
3,720 |
|
|
|
4,042,189 |
|
| Princeton Healthcare System, 5.00%, 07/01/34 |
|
|
1,330 |
|
|
|
1,482,897 |
|
| Princeton Healthcare System, 5.00%, 07/01/39 |
|
|
1,825 |
|
|
|
2,007,537 |
|
| RWJ Barnabas Health Obligated Group, Series A, 4.00%, 07/01/43 |
|
|
1,865 |
|
|
|
1,866,138 |
|
| RWJ Barnabas Health Obligated Group, Series A, 5.00%, 07/01/43 |
|
|
3,080 |
|
|
|
3,372,877 |
|
| St. Barnabas Health Care System, Series A, 5.00%,
07/01/21(a) |
|
|
3,640 |
|
|
|
3,898,294 |
|
| St. Barnabas Health Care System, Series A, 5.63%,
07/01/21(a) |
|
|
9,310 |
|
|
|
10,120,250 |
|
| Virtua Health, 5.00%, 07/01/28 |
|
|
3,000 |
|
|
|
3,301,530 |
|
| Virtua Health, 5.00%, 07/01/29 |
|
|
715 |
|
|
|
783,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
67,486,745 |
|
| Housing — 7.7% |
|
| County of Atlantic New Jersey Improvement Authority, RB, Stockton University Atlantic City, Series A (AGM),
4.00%, 07/01/46 |
|
|
1,300 |
|
|
|
1,287,052 |
|
| New Jersey Housing & Mortgage Finance Agency, RB: |
|
|
|
|
|
|
|
|
| Capital Fund Program, Series A (AGM), 5.00%, 05/01/27 |
|
|
4,300 |
|
|
|
4,308,299 |
|
| M/F Housing, Series A, 4.55%, 11/01/43 |
|
|
4,710 |
|
|
|
4,767,886 |
|
| S/F Housing, Series B, 4.50%, 10/01/30 |
|
|
8,560 |
|
|
|
8,782,988 |
|
| New Jersey Housing & Mortgage Finance Agency, Refunding RB: |
|
|
|
|
|
|
|
|
| M/F Housing, Series 2, AMT, 4.60%, 11/01/38 |
|
|
3,120 |
|
|
|
3,170,076 |
|
| M/F Housing, Series 2, AMT, 4.75%, 11/01/46 |
|
|
3,795 |
|
|
|
3,852,912 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Housing (continued) |
|
| New Jersey Housing & Mortgage Finance Agency, Refunding RB(continued): |
|
|
|
|
|
|
|
|
| M/F Housing, Series A, 4.00%, 11/01/48 |
|
$ |
370 |
|
|
$ |
360,528 |
|
| M/F Housing, Series A, 4.10%, 11/01/53 |
|
|
220 |
|
|
|
214,018 |
|
| S/F Housing, Series A, 3.75%, 10/01/35 |
|
|
6,375 |
|
|
|
6,187,957 |
|
| Series D, AMT, 4.25%, 11/01/37 |
|
|
490 |
|
|
|
485,585 |
|
| Series D, AMT, 4.35%, 11/01/42 |
|
|
1,000 |
|
|
|
972,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,389,701 |
|
| State — 25.0% |
|
| Garden State Preservation Trust, RB, CAB, Series B
(AGM)(b): |
|
|
|
|
|
|
|
|
| 0.00%, 11/01/23 |
|
|
15,725 |
|
|
|
13,611,088 |
|
| 0.00%, 11/01/25 |
|
|
10,000 |
|
|
|
8,030,100 |
|
| Garden State Preservation Trust, Refunding RB, Series C (AGM): |
|
|
|
|
|
|
|
|
| 5.25%, 11/01/20 |
|
|
5,000 |
|
|
|
5,273,250 |
|
| 5.25%, 11/01/21 |
|
|
7,705 |
|
|
|
8,294,741 |
|
| New Jersey EDA, RB: |
|
|
|
|
|
|
|
|
| CAB, Motor Vehicle Surcharge, Series A (NPFGC), 0.00%,
07/01/21(b) |
|
|
2,325 |
|
|
|
2,145,440 |
|
| Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/25 |
|
|
4,465 |
|
|
|
4,956,463 |
|
| Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/24 |
|
|
1,785 |
|
|
|
1,970,194 |
|
| Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/26 |
|
|
6,085 |
|
|
|
6,821,163 |
|
| School Facilities Construction (AGC), 6.00%,
12/15/18(a) |
|
|
3,960 |
|
|
|
3,979,563 |
|
| School Facilities Construction (AGC), 6.00%,
12/15/18(a) |
|
|
40 |
|
|
|
40,200 |
|
| School Facilities Construction, Series KK, 5.00%, 03/01/38 |
|
|
325 |
|
|
|
333,398 |
|
| Series WW, 5.25%, 06/15/33 |
|
|
380 |
|
|
|
403,959 |
|
| Series WW, 5.00%, 06/15/34 |
|
|
5,500 |
|
|
|
5,754,980 |
|
| Series WW, 5.00%, 06/15/36 |
|
|
3,115 |
|
|
|
3,241,126 |
|
| Series WW, 5.25%, 06/15/40 |
|
|
8,375 |
|
|
|
8,818,875 |
|
| New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
|
| Cigarette Tax, 5.00%, 06/15/24 |
|
|
5,000 |
|
|
|
5,308,650 |
|
| Cigarette Tax, 5.00%, 06/15/26 |
|
|
1,250 |
|
|
|
1,318,838 |
|
| Cigarette Tax, 5.00%, 06/15/28 |
|
|
2,430 |
|
|
|
2,546,081 |
|
| Cigarette Tax, 5.00%, 06/15/29 |
|
|
3,195 |
|
|
|
3,338,775 |
|
| School Facilities Construction, Series N-1 (NPFGC), 5.50%,
09/01/27 |
|
|
1,000 |
|
|
|
1,145,840 |
|
| School Facilities Construction, Series NN, 5.00%, 03/01/29 |
|
|
5,000 |
|
|
|
5,251,500 |
|
| Sub Series A, 5.00%, 07/01/33 |
|
|
3,875 |
|
|
|
4,086,459 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| State (continued) |
|
| New Jersey EDA, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Sub Series A, 4.00%, 07/01/34 |
|
$ |
8,800 |
|
|
$ |
8,323,040 |
|
| Sub-Series A, 4.00%, 07/01/32 |
|
|
5,000 |
|
|
|
4,830,900 |
|
| State of New Jersey, COP, Equipment Lease Purchase, Series A, 5.25%, 06/15/19(a) |
|
|
1,580 |
|
|
|
1,612,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
111,436,839 |
|
| Tobacco — 3.6% |
|
| Tobacco Settlement Financing Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Series A, 5.25%, 06/01/46 |
|
|
1,960 |
|
|
|
2,071,740 |
|
| Sub-Series B, 5.00%, 06/01/46 |
|
|
13,815 |
|
|
|
13,992,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,064,677 |
|
| Transportation — 35.9% |
|
| Delaware River Port Authority, RB: |
|
|
|
|
|
|
|
|
| 5.00%, 01/01/29 |
|
|
2,000 |
|
|
|
2,205,040 |
|
| 5.00%, 01/01/37 |
|
|
8,830 |
|
|
|
9,611,367 |
|
| Series D, 5.05%, 01/01/20(a) |
|
|
1,430 |
|
|
|
1,467,538 |
|
| Series D (AGM), 5.00%, 01/01/20(a) |
|
|
5,200 |
|
|
|
5,339,568 |
|
| New Brunswick Parking Authority, Refunding RB, City Guaranteed, Series B (AGM), 3.00%, 09/01/39 |
|
|
2,500 |
|
|
|
2,093,400 |
|
| New Jersey EDA, RB, Goethals Bridge Replacement Project, AMT, Private Activity Bond: |
|
|
|
|
|
|
|
|
| 5.38%, 01/01/43 |
|
|
7,730 |
|
|
|
8,269,399 |
|
| 5.13%, 01/01/34 |
|
|
2,290 |
|
|
|
2,436,468 |
|
| New Jersey State Turnpike Authority, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 01/01/35 |
|
|
1,440 |
|
|
|
1,594,325 |
|
| Series E, 5.00%, 01/01/45 |
|
|
8,000 |
|
|
|
8,609,200 |
|
| New Jersey State Turnpike Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Series A (AGM), 5.25%, 01/01/29 |
|
|
4,000 |
|
|
|
4,748,560 |
|
| Series A (AGM), 5.25%, 01/01/30 |
|
|
4,000 |
|
|
|
4,772,800 |
|
| Series A (BHAC), 5.25%, 01/01/29 |
|
|
500 |
|
|
|
599,850 |
|
| Series B, 5.00%, 01/01/34 |
|
|
2,300 |
|
|
|
2,579,864 |
|
| Series E, 5.00%, 01/01/32 |
|
|
715 |
|
|
|
807,399 |
|
| Series G, 5.00%, 01/01/36 |
|
|
5,000 |
|
|
|
5,566,800 |
|
| Series G, 4.00%, 01/01/43 |
|
|
3,320 |
|
|
|
3,294,436 |
|
| New Jersey Transportation Trust Fund Authority, RB: |
|
|
|
|
|
|
|
|
| CAB, Transportation System, Series A, 0.00%,
12/15/35(b) |
|
|
6,000 |
|
|
|
2,619,600 |
|
| CAB, Transportation System, Series C (AGM), 0.00%,
12/15/32(b) |
|
|
8,800 |
|
|
|
4,786,320 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Transportation (continued) |
|
| New Jersey Transportation Trust Fund Authority, RB (continued): |
|
|
|
|
|
|
|
|
| CAB, Transportation System, Series C (AMBAC), 0.00%,
12/15/35(b) |
|
$ |
4,160 |
|
|
$ |
1,846,874 |
|
| CAB, Transportation System, Series C (AMBAC), 0.00%,
12/15/36(b) |
|
|
7,210 |
|
|
|
3,020,413 |
|
| Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 06/15/30 |
|
|
2,250 |
|
|
|
2,445,683 |
|
| Transportation Program, Series AA, 5.00%, 06/15/33 |
|
|
3,000 |
|
|
|
3,106,170 |
|
| Transportation Program, Series AA, 5.25%, 06/15/33 |
|
|
5,690 |
|
|
|
6,036,293 |
|
| Transportation Program, Series AA, 5.25%, 06/15/34 |
|
|
1,305 |
|
|
|
1,388,833 |
|
| Transportation Program, Series AA, 5.00%, 06/15/38 |
|
|
2,340 |
|
|
|
2,419,700 |
|
| Transportation System, Series A, 6.00%, 06/15/35 |
|
|
6,365 |
|
|
|
6,825,699 |
|
| Transportation System, Series A, 5.00%, 06/15/42 |
|
|
5,000 |
|
|
|
5,109,200 |
|
| Transportation System, Series A (AGC), 5.63%, 12/15/28 |
|
|
2,780 |
|
|
|
2,792,510 |
|
| Transportation System, Series A (NPFGC), 5.75%, 06/15/24 |
|
|
1,205 |
|
|
|
1,363,831 |
|
| Transportation System, Series B, 5.25%, 06/15/36 |
|
|
2,500 |
|
|
|
2,602,775 |
|
| Transportation System, Series D, 5.00%, 06/15/32 |
|
|
3,300 |
|
|
|
3,477,408 |
|
| New Jersey Transportation Trust Fund Authority, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| Federal Highway Reimbursement, 5.00%, 06/15/31 |
|
|
6,730 |
|
|
|
7,287,446 |
|
| Transportation System, 5.00%, 12/15/32 |
|
|
4,285 |
|
|
|
4,568,667 |
|
| Transportation System, 5.00%, 12/15/35 |
|
|
2,435 |
|
|
|
2,565,370 |
|
| New Jersey Turnpike Authority, Refunding RB, Series B, 5.00%, 01/01/40 |
|
|
11,000 |
|
|
|
12,129,260 |
|
| Port Authority of New York & New Jersey, ARB: |
|
|
|
|
|
|
|
|
| Consolidated, 93rd Series, 6.13%, 06/01/94 |
|
|
1,000 |
|
|
|
1,159,450 |
|
| Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 5.75%, 12/01/25 |
|
|
3,000 |
|
|
|
3,119,820 |
|
| Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42 |
|
|
4,000 |
|
|
|
4,282,840 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Transportation (continued) |
|
| Port Authority of New York & New Jersey, Refunding ARB, AMT: |
|
|
|
|
|
|
|
|
| 178th Series, 5.00%, 12/01/33 |
|
$ |
4,005 |
|
|
$ |
4,362,006 |
|
| Consolidated, 206th Series, 5.00%, 11/15/42 |
|
|
3,110 |
|
|
|
3,380,725 |
|
| Consolidated, 206th Series, 5.00%, 11/15/47 |
|
|
3,475 |
|
|
|
3,760,958 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
160,453,865 |
|
| Utilities — 5.5% |
|
| County of Essex New Jersey Utilities Authority, Refunding RB, (AGC), 4.13%, 04/01/22 |
|
|
2,000 |
|
|
|
2,014,240 |
|
| North Hudson New Jersey Sewerage Authority, Refunding RB, Series A (NPFGC), 5.13%, 08/01/20(c) |
|
|
6,045 |
|
|
|
6,346,222 |
|
| Rahway Valley Sewerage Authority, RB, CAB, Series A
(NPFGC)(b): |
|
|
|
|
|
|
|
|
| 0.00%, 09/01/26 |
|
|
4,100 |
|
|
|
3,217,352 |
|
| 0.00%, 09/01/28 |
|
|
6,600 |
|
|
|
4,770,282 |
|
| 0.00%, 09/01/29 |
|
|
9,650 |
|
|
|
6,676,642 |
|
| 0.00%, 09/01/33 |
|
|
2,350 |
|
|
|
1,362,389 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,387,127 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds — 139.2%
(Cost — $603,360,649) |
|
|
|
621,397,508 |
|
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts(d) |
|
|
| New Jersey — 25.4% |
|
| County/City/Special District/School District — 6.0% |
|
| County of Union New Jersey Utilities Authority, Refunding RB, Series A, AMT: |
|
|
|
|
|
|
|
|
| County Deficiency Agreement, 5.00%, 06/15/41 |
|
|
7,573 |
|
|
|
8,043,753 |
|
| Resource Recovery Facility, Covanta Union, Inc., 5.25%, 12/01/31 |
|
|
17,300 |
|
|
|
18,606,929 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,650,682 |
|
| Education — 3.6% |
|
| Rutgers—The State University of New Jersey, Refunding RB: |
|
|
|
|
|
|
|
|
| Series F, 5.00%, 05/01/19(a) |
|
|
4,998 |
|
|
|
5,074,219 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| Rutgers - The State University of New Jersey, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Series L, 5.00%, 05/01/43 |
|
$ |
10,000 |
|
|
$ |
10,883,850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,958,069 |
|
| Health — 1.3% |
|
| New Jersey Health Care Facilities Financing Authority, RB, Inspira Health Obligated Group, 4.00%,
07/01/47 |
|
|
6,133 |
|
|
|
5,929,122 |
|
|
|
|
|
|
|
|
|
|
| State — 4.8% |
|
| Garden State Preservation Trust, RB, Election of 2005, Series A (AGM), 5.75%, 11/01/28 |
|
|
12,460 |
|
|
|
14,383,606 |
|
| New Jersey EDA, Refunding RB, School Facilities Construction, Series NN, 5.00%, 03/01/29(e) |
|
|
6,698 |
|
|
|
7,035,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,418,726 |
|
| Transportation — 9.7% |
|
| County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project,
5.25%, 05/01/51 |
|
|
3,120 |
|
|
|
3,429,816 |
|
| New Jersey State Turnpike Authority, RB, Series A, 5.00%, 07/01/22(a)(e) |
|
|
9,300 |
|
|
|
10,179,943 |
|
| New Jersey Transportation Trust Fund Authority, RB, Transportation System, Series B, 5.25%, 06/15/36(e) |
|
|
2,661 |
|
|
|
2,769,986 |
|
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated, AMT: |
|
|
|
|
|
|
|
|
| 163rd Series, 5.00%, 07/15/39 |
|
|
15,545 |
|
|
|
16,193,661 |
|
| 169th Series, 5.00%, 10/15/41 |
|
|
10,000 |
|
|
|
10,585,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
43,158,956 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds Transferred to Tender Option Bond Trusts — 25.4%
(Cost —
$108,389,427) |
|
|
|
113,115,555 |
|
|
|
|
|
|
|
|
|
|
| Total Long-Term Investments — 164.6%
(Cost — $711,750,076) |
|
|
|
734,513,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Shares |
|
|
Value |
|
| Short-Term Securities — 0.6% |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class,
1.45%(f)(g) |
|
|
2,600,093 |
|
|
$ |
2,600,353 |
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Securities — 0.6%
(Cost — $2,600,353) |
|
|
|
2,600,353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Value |
|
| Total Investments — 165.2%
(Cost — $714,350,429) |
|
$ |
737,113,416 |
|
| Other Assets Less Liabilities — 1.9% |
|
|
8,764,435 |
|
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable —
(14.1)% |
|
|
(62,973,212 |
) |
| VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (53.0)% |
|
|
(236,632,660 |
) |
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
$ |
446,271,979 |
|
|
|
|
|
|
|
|
| (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. |
| (c) |
Security is collateralized by municipal bonds or U.S. Treasury obligations. |
| (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 June 15, 2019 to September 1, 2020, is $13,916,017. |
| (f) |
Annualized 7-day yield as of period end. |
| (g) |
During the period ended October 31, 2018, investments in issuers considered to be an affiliate 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
07/31/18 |
|
|
Net
Activity |
|
|
Shares
Held at
10/31/18 |
|
|
Value at
10/31/18 |
|
|
Income |
|
|
Net
Realized
Gain
(Loss)(a) |
|
|
Change in
Unrealized
Appreciation
(Depreciation) |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
1,217,685 |
|
|
|
1,382,408 |
|
|
|
2,600,093 |
|
|
$ |
2,600,353 |
|
|
$ |
12,362 |
|
|
$ |
(122 |
) |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Includes net capital gain distributions, if applicable. |
For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used
by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector
sub-classifications for reporting ease.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Number
of
Contracts |
|
|
Expiration
Date |
|
|
Notional
Amount
(000) |
|
|
Value /
Unrealized
Appreciation
(Depreciation) |
|
| Short Contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 10-Year U.S. Treasury Note |
|
|
45 |
|
|
|
12/19/18 |
|
|
$ |
5,330 |
|
|
$ |
40,624 |
|
| Long U.S. Treasury Bond |
|
|
86 |
|
|
|
12/19/18 |
|
|
|
11,879 |
|
|
|
293,659 |
|
| 5-Year U.S. Treasury Note |
|
|
50 |
|
|
|
12/31/18 |
|
|
|
5,619 |
|
|
|
31,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
365,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) |
|
|
|
| Portfolio Abbreviations |
|
|
| AGC |
|
Assured Guarantee Corp. |
| AGM |
|
Assured Guaranty Municipal Corp. |
| AMBAC |
|
American Municipal Bond Assurance Corp. |
| AMT |
|
Alternative Minimum Tax (subject to) |
| ARB |
|
Airport Revenue Bonds |
| BAM |
|
Build America Mutual Assurance Co. |
| BHAC |
|
Berkshire Hathaway Assurance Corp. |
| CAB |
|
Capital Appreciation Bonds |
| COP |
|
Certificates of Participation |
| EDA |
|
Economic Development Authority |
| GO |
|
General Obligation Bonds |
| LRB |
|
Lease Revenue Bonds |
| M/F |
|
Multi-Family |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| RB |
|
Revenue Bonds |
| S/F |
|
Single-Family |
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. Investments classified within
Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include
equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.
Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’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 annual report.
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) |
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 Investments (a) |
|
$ |
— |
|
|
$ |
734,513,063 |
|
|
$ |
— |
|
|
$ |
734,513,063 |
|
| Short-Term Securities |
|
|
2,600,353 |
|
|
|
— |
|
|
|
— |
|
|
|
2,600,353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,600,353 |
|
|
$ |
734,513,063 |
|
|
$ |
— |
|
|
$ |
737,113,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments
(b) |
|
| Assets: |
|
| Interest rate contracts |
|
$ |
365,728 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
365,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
See above Schedule of Investments for values in each sector. |
|
| |
(b) |
Derivative financial instruments are futures contracts which are valued at the unrealized appreciation (depreciation) on
the instrument. |
|
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement
purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Liabilities: |
|
| TOB Trust Certificates |
|
$ |
— |
|
|
$ |
(62,747,370 |
) |
|
$ |
— |
|
|
$ |
(62,747,370 |
) |
| VRDP Shares at Liquidation Value |
|
|
— |
|
|
|
(237,100,000 |
) |
|
|
— |
|
|
|
(237,100,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
— |
|
|
$ |
(299,847,370 |
) |
|
$ |
— |
|
|
$ |
(299,847,370 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period ended October 31, 2018, there were no transfers between levels.
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 Jersey
Quality Fund, Inc.
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. |
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 Jersey Quality Fund, Inc. |
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. |
Date: December 19, 2018