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: 07/31/2012

 

Date of reporting period: 10/31/2011

 

Item 1 – Schedule of Investments

 

 

 

 

 

Schedule of Investments October 31, 2011 (Unaudited)

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey — 137.5%

 

 

 

 

 

 

 

Corporate — 3.3%

 

 

 

 

 

 

 

New Jersey EDA, RB, Disposal, Waste
Management of New Jersey, Series A,
Mandatory Put Bonds, AMT, 5.30%,
6/01/15 (a)

 

$

2,500

 

$

2,688,000

 

New Jersey EDA, RB, New Jersey
American Water Co. Inc. Project:

 

 

 

 

 

 

 

Series A, AMT (AMBAC),
5.25%, 11/01/32

 

 

3,000

 

 

3,036,870

 

Series B, AMT, 5.60%,
11/01/34

 

 

2,150

 

 

2,275,044

 

New Jersey EDA, Refunding RB, New
Jersey American Water Co. Inc.
Project, Series A, AMT, 5.70%,
10/01/39

 

 

2,500

 

 

2,616,800

 

 

 

 

 

 

 

10,616,714

 

County/City/Special District/School District — 19.5%

 

 

 

 

 

 

 

Borough of Hopatcong New Jersey, GO,
Refunding, Sewer (AMBAC), 4.50%,
8/01/33

 

 

2,690

 

 

2,747,512

 

City of Perth Amboy New Jersey, GO,
CAB (AGM) (b):

 

 

 

 

 

 

 

4.50%, 7/01/32

 

 

4,605

 

 

4,611,171

 

4.50%, 7/01/33

 

 

1,395

 

 

1,394,051

 

4.50%, 7/01/37

 

 

1,470

 

 

1,462,341

 

County of Middlesex New Jersey, COP
(NPFGC):

 

 

 

 

 

 

 

5.25%, 6/15/23

 

 

1,550

 

 

1,554,495

 

Refunding, 5.50%, 8/01/16

 

 

1,375

 

 

1,380,569

 

County of Union New Jersey, GO:

 

 

 

 

 

 

 

4.00%, 3/01/29

 

 

2,590

 

 

2,622,142

 

4.00%, 3/01/30

 

 

2,590

 

 

2,593,885

 

4.00%, 3/01/31

 

 

2,925

 

 

2,893,790

 

East Orange Board of Education, COP
(AGM), 5.50%, 8/01/12

 

 

2,800

 

 

2,858,688

 

Edgewater Borough Board of Education,
GO (AGM):

 

 

 

 

 

 

 

4.25%, 3/01/34

 

 

1,235

 

 

1,302,320

 

4.25%, 3/01/35

 

 

1,300

 

 

1,365,091

 

4.30%, 3/01/36

 

 

1,370

 

 

1,438,157

 

Essex County Improvement Authority,
LRB, County Correctional Facility
Project, Series A (FGIC), 5.00%,
10/01/13 (c)

 

 

4,400

 

 

4,778,972

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (continued)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Essex County Improvement Authority,
Refunding RB:

 

 

 

 

 

 

 

Consolidated (AMBAC), 5.25%,
12/15/18

 

$

1,000

 

$

1,166,790

 

Project Consolidation (NPFGC),
5.50%, 10/01/27

 

 

250

 

 

293,182

 

Project Consolidation (NPFGC),
5.50%, 10/01/28

 

 

4,840

 

 

5,654,233

 

Hudson County Improvement Authority,
RB:

 

 

 

 

 

 

 

County Secured, County Services
Building Project (AGM), 5.00%,
4/01/27

 

 

750

 

 

791,407

 

Harrison Parking Facility Project,
Series C (AGC), 5.25%, 1/01/39

 

 

2,000

 

 

2,132,500

 

Harrison Parking Facility Project,
Series C (AGC), 5.38%, 1/01/44

 

 

3,600

 

 

3,859,236

 

Middlesex County Improvement
Authority, RB, Senior Citizens Housing
Project, AMT (AMBAC), 5.50%,
9/01/30

 

 

500

 

 

500,175

 

Monmouth County Improvement
Authority, Refunding RB,
Governmental Loan (AMBAC):

 

 

 

 

 

 

 

5.35%, 12/01/17

 

 

5

 

 

5,016

 

5.38%, 12/01/18

 

 

5

 

 

5,016

 

Morristown Parking Authority, RB
(NPFGC):

 

 

 

 

 

 

 

5.00%, 8/01/30

 

 

1,830

 

 

1,916,358

 

5.00%, 8/01/33

 

 

3,000

 

 

3,115,080

 

New Jersey State Transit Corp., COP,
Subordinate, Federal Transit
Administration Grants, Series A (AGM),
5.00%, 9/15/21

 

 

2,000

 

 

2,081,840

 

Newark Housing Authority, RB, South
Ward Police Facility (AGC):

 

 

 

 

 

 

 

5.75%, 12/01/30

 

 

850

 

 

923,636

 

6.75%, 12/01/38

 

 

500

 

 

582,875

 

Salem County Improvement Authority,
RB, Finlaw Street Office Building
(AGM), 5.38%, 8/15/28

 

 

400

 

 

416,188

 

South Jersey Port Corp., Refunding RB:

 

 

 

 

 

 

 

4.50%, 1/01/15

 

 

3,750

 

 

3,857,925

 

4.50%, 1/01/16

 

 

1,920

 

 

1,968,749

 

 

 

 

 

 

 

62,273,390

 

 

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.

CAB

Capital Appreciation Bonds

CIFG

CDC IXIS Financial Guaranty

COP

Certificates of Participation

EDA

Economic Development Authority

FGIC

Financial Guaranty Insurance Co.

GO

General Obligation Bonds

LRB

Lease Revenue Bonds

NPFGC

National Public Finance Guarantee Corp.

RB

Revenue Bonds

S/F

Single-Family

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC.

OCTOBER 31, 2011

1


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (continued)

 

 

 

 

 

 

 

Education — 17.2%

 

 

 

 

 

 

 

New Jersey EDA, RB, International
Center For Public Health Project,
University of Medicine and Dentistry
(AMBAC), 6.00%, 6/01/32

 

$

5,000

 

$

5,002,850

 

New Jersey Educational Facilities
Authority, RB:

 

 

 

 

 

 

 

Montclair State University, Series A
(AMBAC), 5.00%, 7/01/21

 

 

1,200

 

 

1,282,692

 

Montclair State University, Series A
(AMBAC), 5.00%, 7/01/22

 

 

2,880

 

 

3,058,646

 

Richard Stockton College, Series F
(NPFGC), 5.00%, 7/01/31

 

 

2,625

 

 

2,674,560

 

Rowan University, Series C (NPFGC),
5.13%, 7/01/14 (c)

 

 

3,615

 

 

4,037,883

 

Rowan University, Series C (NPFGC),
5.00%, 7/01/14 (c)

 

 

3,260

 

 

3,630,597

 

New Jersey Educational Facilities
Authority, Refunding RB:

 

 

 

 

 

 

 

College of New Jersey, Series D
(AGM), 5.00%, 7/01/35

 

 

9,740

 

 

10,136,710

 

Montclair State University, Series J
(NPFGC), 4.25%, 7/01/30

 

 

3,775

 

 

3,682,097

 

New Jersey Institute of
Technology, Series H, 5.00%,
7/01/31

 

 

3,000

 

 

3,120,690

 

Ramapo College, Series I (AMBAC),
4.25%, 7/01/31

 

 

1,250

 

 

1,208,637

 

Ramapo College, Series I (AMBAC),
4.25%, 7/01/36

 

 

900

 

 

848,835

 

Rowan University, Series B,
5.00%, 7/01/15

 

 

335

 

 

370,852

 

Stevens Institute of
Technology, Series A, 5.00%,
7/01/27

 

 

2,800

 

 

2,828,700

 

Stevens Institute of
Technology, Series A, 5.00%,
7/01/34

 

 

900

 

 

879,651

 

William Paterson University, Series
C (AGC), 5.00%, 7/01/28

 

 

250

 

 

265,693

 

William Paterson University, Series
C (AGC), 4.75%, 7/01/34

 

 

4,000

 

 

4,119,520

 

Rutgers-State University of New Jersey,
Refunding RB, Series F, 5.00%,
5/01/39

 

 

1,000

 

 

1,060,260

 

University of Medicine & Dentistry of
New Jersey, COP (NPFGC), 5.00%,
6/15/29

 

 

2,000

 

 

2,012,580

 

University of Medicine & Dentistry of
New Jersey, RB, Series A (AMBAC),
5.50%, 12/01/27

 

 

4,740

 

 

4,779,295

 

 

 

 

 

 

 

55,000,748

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (continued)

 

 

 

 

 

 

 

Health — 18.0%

 

 

 

 

 

 

 

New Jersey Health Care Facilities
Financing Authority, RB:

 

 

 

 

 

 

 

AHS Hospital Corp., 6.00%,
7/01/41

 

$

3,080

 

$

3,362,959

 

Greystone Park Psychiatric Hospital
(AMBAC), 5.00%, 9/15/23

 

 

10,775

 

 

11,204,491

 

Hackensack University Medical
(AGC), 5.13%, 1/01/27

 

 

1,500

 

 

1,573,770

 

Meridian Health, Series I (AGC),
5.00%, 7/01/38

 

 

765

 

 

775,771

 

Meridian Health, Series II (AGC),
5.00%, 7/01/38

 

 

6,360

 

 

6,449,549

 

Meridian Health, Series V (AGC),
5.00%, 7/01/38

 

 

3,950

 

 

4,005,616

 

South Jersey Hospital, 6.00%,
7/01/12 (c)

 

 

5,440

 

 

5,647,481

 

Virtua Health (AGC), 5.50%,
7/01/38

 

 

3,035

 

 

3,179,618

 

New Jersey Health Care Facilities
Financing Authority, Refunding RB:

 

 

 

 

 

 

 

AHS Hospital Corp., Series A
(AMBAC), 6.00%, 7/01/13 (d)

 

 

4,000

 

 

4,358,320

 

Atlantic City Medical Center,
6.25%, 7/01/12 (c)

 

 

925

 

 

956,811

 

Atlantic City Medical Center,
5.75%, 7/01/25

 

 

3,500

 

 

3,577,816

 

Barnabas Health, Series A,
5.00%, 7/01/24

 

 

1,820

 

 

1,807,224

 

Barnabas Health, Series A,
5.63%, 7/01/32

 

 

1,100

 

 

1,096,579

 

Barnabas Health, Series A,
5.63%, 7/01/37

 

 

3,060

 

 

3,037,142

 

Hackensack University Medical
(AGM), 4.63%, 1/01/30

 

 

5,480

 

 

5,469,643

 

Meridian Health System Obligation
Group (AGM), 5.38%, 7/01/24

 

 

1,000

 

 

1,001,100

 

 

 

 

 

 

 

57,503,890

 

Housing — 5.1%

 

 

 

 

 

 

 

New Jersey State Housing & Mortgage
Finance Agency, RB:

 

 

 

 

 

 

 

Capital Fund Program, Series A
(AGM), 4.70%, 11/01/25

 

 

9,245

 

 

9,481,117

 

Series A, AMT (NPFGC), 4.85%,
11/01/39

 

 

935

 

 

864,997

 

Series AA, 6.50%, 10/01/38

 

 

2,075

 

 

2,251,354

 

Series B (AGM), 1.10%, 5/01/12

 

 

2,850

 

 

2,856,013

 

New Jersey State Housing & Mortgage
Finance Agency, Refunding RB, S/F
Housing, Series T, AMT, 4.70%,
10/01/37

 

 

745

 

 

726,435

 

 

 

 

 

 

 

16,179,916

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC.

OCTOBER 31, 2011

2


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (continued)

 

 

 

 

 

 

 

Other — 0.2%

 

 

 

 

 

 

 

Newark Housing Authority, Refunding
RB, Newark Redevelopment Project
(NPFGC), 4.38%, 1/01/37

 

$

620

 

$

610,291

 

State — 32.6%

 

 

 

 

 

 

 

Garden State Preservation Trust, RB
(AGM):

 

 

 

 

 

 

 

CAB, Series B, 4.20%,
11/01/23 (e)

 

 

9,000

 

 

5,466,690

 

CAB, Series B, 4.48%,
11/01/25 (e)

 

 

10,000

 

 

5,380,200

 

Election of 2005, Series A,
5.80%, 11/01/21

 

 

1,960

 

 

2,266,858

 

Election of 2005, Series A,
5.80%, 11/01/23

 

 

2,730

 

 

3,148,482

 

Garden State Preservation Trust,
Refunding RB, Series C (AGM):

 

 

 

 

 

 

 

5.25%, 11/01/20

 

 

5,000

 

 

6,061,650

 

5.25%, 11/01/21

 

 

7,705

 

 

9,397,943

 

New Jersey EDA, RB:

 

 

 

 

 

 

 

Cigarette Tax, 5.63%,
6/15/19

 

 

1,000

 

 

1,000,320

 

Cigarette Tax (Radian), 5.75%,
6/15/29

 

 

2,000

 

 

1,948,040

 

Cigarette Tax (Radian), 5.50%,
6/15/31

 

 

585

 

 

543,219

 

Cigarette Tax (Radian), 5.75%,
6/15/34

 

 

1,180

 

 

1,113,047

 

Liberty State Park Project, Series C
(AGM), 5.00%, 3/01/22

 

 

2,670

 

 

2,902,824

 

Motor Vehicle Surcharge, Series A
(NPFGC), 5.25%, 7/01/24

 

 

1,785

 

 

1,966,624

 

Motor Vehicle Surcharge, Series A
(NPFGC), 5.25%, 7/01/25

 

 

4,000

 

 

4,367,720

 

Motor Vehicle Surcharge, Series A
(NPFGC), 5.25%, 7/01/26

 

 

7,500

 

 

8,225,775

 

Motor Vehicle Surcharge, Series A
(NPFGC), 5.25%, 7/01/33

 

 

11,105

 

 

11,498,894

 

Motor Vehicle Surcharge, Series A
(NPFGC), 5.00%, 7/01/34

 

 

2,000

 

 

2,032,280

 

School Facilities Construction,
Series L (AGM), 5.00%, 3/01/30

 

 

9,000

 

 

9,176,940

 

School Facilities Construction,
Series O, 5.25%, 3/01/23

 

 

1,420

 

 

1,516,248

 

School Facilities Construction,
Series Y, 5.00%, 9/01/33

 

 

3,000

 

 

3,080,100

 

School Facilities Construction,
Series Z (AGC), 6.00%, 12/15/34

 

 

2,800

 

 

3,083,808

 

School Facilities, Series U (AMBAC),
5.00%, 9/01/37

 

 

2,000

 

 

2,053,780

 

New Jersey EDA, Refunding RB, School
Facilities Construction, Series N-1
(NPFGC), 5.50%, 9/01/27

 

 

1,000

 

 

1,136,720

 

New Jersey Educational Facilities
Authority, RB, Higher Education
Capital Improvement, Series A
(AMBAC), 5.13%, 9/01/12 (c)

 

 

5,500

 

 

5,721,320

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (continued)

 

 

 

 

 

 

 

State (concluded)

 

 

 

 

 

 

 

New Jersey Sports & Exposition
Authority, Refunding RB (NPFGC):

 

 

 

 

 

 

 

5.50%, 3/01/21

 

$

5,890

 

$

6,637,735

 

5.50%, 3/01/22

 

 

3,150

 

 

3,545,104

 

State of New Jersey, COP, Equipment
Lease Purchase, Series A, 5.25%,
6/15/27

 

 

1,080

 

 

1,130,306

 

 

 

 

 

 

 

104,402,627

 

Tobacco — 1.6%

 

 

 

 

 

 

 

Tobacco Settlement Financing Corp.
New Jersey, RB, 7.00%, 6/01/13 (c)

 

 

4,755

 

 

5,249,235

 

Transportation — 36.8%

 

 

 

 

 

 

 

Delaware River Port Authority, RB
(AGM):

 

 

 

 

 

 

 

Port District Project, Series B,
5.63%, 1/01/26

 

 

2,425

 

 

2,428,274

 

Series D, 5.00%, 1/01/40

 

 

3,700

 

 

3,822,470

 

Delaware River Port Authority
Pennsylvania & New Jersey, RB
(AGM):

 

 

 

 

 

 

 

5.50%, 1/01/12

 

 

5,000

 

 

5,020,150

 

5.63%, 1/01/13

 

 

6,000

 

 

6,024,300

 

New Jersey State Turnpike Authority, RB,
Growth & Income Securities, Series B
(AMBAC), 4.77%, 1/01/15 (b)

 

 

7,615

 

 

6,606,012

 

New Jersey State Turnpike Authority,
Refunding RB:

 

 

 

 

 

 

 

Series A (AGM), 5.25%, 1/01/26

 

 

4,900

 

 

5,637,646

 

Series A (AGM), 5.25%, 1/01/29

 

 

2,000

 

 

2,302,820

 

Series A (AGM), 5.25%, 1/01/30

 

 

4,000

 

 

4,624,120

 

Series A (BHAC), 5.25%, 1/01/29

 

 

500

 

 

581,130

 

Series C (NPFGC), 6.50%, 1/01/16

 

 

910

 

 

1,072,499

 

Series C (NPFGC), 6.50%,
1/01/16 (c)

 

 

4,355

 

 

4,825,253

 

Series C-2005 (NPFGC), 6.50%,
1/01/16 (c)

 

 

255

 

 

310,460

 

New Jersey Transportation Trust Fund
Authority, RB, Transportation System:

 

 

 

 

 

 

 

CAB, Series C (AGM), 5.90%,
12/15/32 (e)

 

 

4,050

 

 

1,186,650

 

CAB, Series C (AMBAC), 6.15%,
12/15/35 (e)

 

 

1,400

 

 

324,604

 

CAB, Series C (AMBAC), 6.17%,
12/15/36 (e)

 

 

5,500

 

 

1,194,380

 

Series A, 6.00%, 6/15/35

 

 

4,365

 

 

5,011,238

 

Series A (AGC), 5.63%, 12/15/28

 

 

2,000

 

 

2,191,820

 

Series A (AGM), 5.50%, 12/15/22

 

 

150

 

 

175,385

 

Series A (AMBAC), 5.00%, 12/15/32

 

 

1,425

 

 

1,482,014

 

Series A (NPFGC), 5.75%, 6/15/24

 

 

1,205

 

 

1,399,077

 

New Jersey Transportation Trust Fund
Authority, Refunding RB,
Transportation System:

 

 

 

 

 

 

 

Series A (AGM), 5.25%, 12/15/20

 

 

10,750

 

 

12,385,612

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC.

OCTOBER 31, 2011

3


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (concluded)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

New Jersey Transportation Trust Fund
Authority, Refunding RB,
Transportation System (concluded):

 

 

 

 

 

 

 

Series B (NPFGC), 5.50%,
12/15/21

 

$

9,165

 

$

10,635,066

 

Port Authority of New York & New Jersey,
RB:

 

 

 

 

 

 

 

Consolidated 163rd Series,
5.00%, 7/15/39

 

 

11,460

 

 

12,156,310

 

JFK International Air Terminal,
6.00%, 12/01/42

 

 

2,500

 

 

2,614,300

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
6.25%, 12/01/11

 

 

13,500

 

 

13,537,260

 

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

 

 

1,500

 

 

1,596,855

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
5.75%, 12/01/25

 

 

3,000

 

 

2,919,480

 

Port Authority of New York & New Jersey,
Refunding RB, Consolidated, 152nd
Series, AMT, 5.75%, 11/01/30

 

 

5,175

 

 

5,694,570

 

 

 

 

 

 

 

117,759,755

 

Utilities — 3.2%

 

 

 

 

 

 

 

Essex County Utilities Authority,
Refunding RB (AGC):

 

 

 

 

 

 

 

4.00%, 4/01/12

 

 

1,000

 

 

1,014,500

 

4.13%, 4/01/22

 

 

2,000

 

 

2,030,360

 

North Hudson Sewerage Authority,
Refunding RB, Series A (NPFGC),
5.13%, 8/01/20

 

 

4,335

 

 

4,754,845

 

Rahway Valley Sewerage Authority, RB,
CAB, Series A (NPFGC), 5.61%,
9/01/28 (e)

 

 

6,600

 

 

2,598,816

 

 

 

 

 

 

 

10,398,521

 

Total Municipal Bonds in New Jersey

 

 

 

 

 

439,995,087

 

Guam — 0.6%

 

 

 

 

 

 

 

Utilities — 0.6%

 

 

 

 

 

 

 

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

 

 

1,860

 

 

1,917,958

 

Puerto Rico — 10.7%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health — 0.5%

 

 

 

 

 

 

 

Puerto Rico Industrial Tourist
Educational Medical & Environmental
Control Facilities Financing Authority,
RB, Hospital De La Concepcion, Series
A, 6.50%, 11/15/20

 

 

1,750

 

 

1,756,510

 

Housing — 1.5%

 

 

 

 

 

 

 

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

 

 

4,500

 

 

4,663,260

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Puerto Rico (concluded)

 

 

 

 

 

 

 

State — 4.4%

 

 

 

 

 

 

 

Commonwealth of Puerto Rico, GO,
Refunding, Public Improvement,
Series C, 6.00%, 7/01/39

 

$

2,080

 

$

2,159,955

 

Puerto Rico Commonwealth
Infrastructure Financing Authority, RB,
CAB, Series A (AMBAC), 6.94%,
7/01/37 (e)

 

 

4,000

 

 

694,000

 

Puerto Rico Public Buildings Authority,
Refunding RB, Government Facilities,
Series M-3 (NPFGC), 6.00%, 7/01/27

 

 

2,125

 

 

2,248,994

 

Puerto Rico Sales Tax Financing Corp.,
RB, First Sub-Series A, 6.00%,
8/01/42

 

 

2,500

 

 

2,695,400

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, First Sub-Series C
(AGM), 5.13%, 8/01/42

 

 

6,120

 

 

6,282,302

 

 

 

 

 

 

 

14,080,651

 

Transportation — 1.3%

 

 

 

 

 

 

 

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

 

 

3,750

 

 

4,046,512

 

Utilities — 3.0%

 

 

 

 

 

 

 

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

 

 

4,120

 

 

4,171,912

 

Puerto Rico Electric Power Authority, RB,
Series RR (CIFG), 5.00%, 7/01/28

 

 

4,100

 

 

4,120,172

 

Puerto Rico Electric Power Authority,
Refunding RB, Series VV (NPFGC),
5.25%, 7/01/26

 

 

1,325

 

 

1,410,211

 

 

 

 

 

 

 

9,702,295

 

Total Municipal Bonds in Puerto Rico

 

 

 

 

 

34,249,228

 

Total Municipal Bonds – 148.8%

 

 

 

 

 

476,162,273

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

New Jersey — 7.1%

 

 

 

 

 

 

 

Housing — 1.6%

 

 

 

 

 

 

 

New Jersey State Housing & Mortgage
Finance Agency, RB, Capital Fund
Program, Series A (AGM), 5.00%,
5/01/27

 

 

4,790

 

 

5,178,517

 

State — 3.5%

 

 

 

 

 

 

 

Garden State Preservation Trust, RB,
Election of 2005, Series A (AGM),
5.75%, 11/01/28

 

 

9,160

 

 

11,379,010

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC.

OCTOBER 31, 2011

4


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

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

 

Par
(000)

 

Value

 

New Jersey (concluded)

 

 

 

 

 

 

 

Transportation — 2.0%

 

 

 

 

 

 

 

Port Authority of New York & New Jersey,
Refunding RB, Consolidated, 152nd
Series, AMT, 5.25%, 11/01/35

 

$

5,998

 

$

6,293,910

 

Total Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts – 7.1%

 

 

 

 

 

22,851,437

 

Total Long-Term Investments
(Cost – $481,002,653) – 155.9%

 

 

 

 

 

499,013,710

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

 

 

 

BIF New Jersey Municipal Money
Fund, 0.00% (g)(h)

 

 

6,673,402

 

 

6,673,402

 

Total Short-Term Securities
(Cost – $6,673,402) – 2.1%

 

 

 

 

 

6,673,402

 

Total Investments
(Cost - $487,676,055*) – 158.0%

 

 

 

 

 

505,687,112

 

Other Assets Less Liabilities – 0.1%

 

 

 

 

 

245,424

 

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable – (4.1)%

 

 

 

 

 

(13,275,963

)

VRDP Shares, at Liquidation Value – (54.0)%

 

 

 

 

 

(172,700,000

)

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

319,956,573

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of October 31, 2011, as computed for federal income tax purposes, were as follows:


 

 

 

 

 

Aggregate cost

 

$

474,636,331

 

Gross unrealized appreciation

 

$

20,476,277

 

Gross unrealized depreciation

 

 

(2,688,426

)

Net unrealized appreciation

 

$

17,787,851

 

 

 

(a)

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

 

 

(b)

Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown is as of report date.

 

 

(c)

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.

 

 

(d)

Security is collateralized by Municipal or US Treasury obligations.

 

 

(e)

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

 

 

(f)

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.

 

 

(g)

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
July 31,
2011

 

Net
Activity

 

Shares
Held at
October 31,
2011

 

Income

 

BIF New Jersey
Municipal
Money Fund

 

 

9,941,803

 

 

(3,268,401

)

 

6,673,402

 

$

1,123

 

 

 

(h)

Represents the current yield as of report date.

 

 

•

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.


 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC.

OCTOBER 31, 2011

5


 

 

 

 

Schedule of Investments (concluded)

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)


 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments. 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)

 

 

 

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The categorization of a value determined for investments is based on the pricing transparency of the investment and does not necessarily correspond to the Fund’s perceived risk of investing in those securities. For information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its annual report.

 

 

 

The following table summarizes the inputs used as of October 31, 2011 in determining the fair valuation of the Fund’s investments:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term
Investments1

 

 

—

 

$

499,013,710

 

 

—

 

$

499,013,710

 

Short-Term
Securities

 

$

6,673,402

 

 

—

 

 

—

 

 

6,673,402

 

Total

 

$

6,673,402

 

$

499,013,710

 

 

—

 

$

505,687,112

 

 

 

1

See above Schedule of Investments for values in each sector.


 

 

 

 

 

 

 

 

 

BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC.

OCTOBER 31, 2011

6

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.

 

 

 

Date: December 21, 2011

 

 

 

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.

 

 

 

Date: December 21, 2011

 

 

 

 By: /s/ Neal J. Andrews

 

 

 

Neal J. Andrews

 

 

Chief Financial Officer (principal financial officer) of

 

 

BlackRock MuniHoldings New Jersey Quality Fund, Inc.

 

 

 

 

Date: December 21, 2011