October 31, 2025 
2025 Quarterly Report
(Unaudited)
 
BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
 
Not FDIC Insured • May Lose Value • No Bank Guarantee
Schedule of Investments (unaudited)
October 31, 2025
BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
(Percentages shown are based on Net Assets)
 
Security
 
Par
(000)
Value
Municipal Bonds
Alabama — 3.4%
Corporate — 3.4%
Black Belt Energy Gas District, RB(a)
 
Series A, 5.25%, 05/01/55
$
2,245
$ 2,463,734
Series D, 5.00%, 03/01/55
 
1,040
1,127,719
Lower Alabama Gas District, RB, Series A, 5.00%,
09/01/46
 
1,185
1,280,853
Southeast Energy Authority A Cooperative District, RB(a)
 
Series A, 5.00%, 01/01/56
 
4,120
4,410,520
Series B, 5.25%, 03/01/55
 
2,345
2,525,625
Total Municipal Bonds in Alabama
11,808,451
California — 0.8%
Corporate — 0.4%
California Community Choice Financing Authority, RB,
Series B, Sustainability Bonds, 5.00%, 01/01/55(a)
 
1,375
1,460,325
Transportation — 0.4%
California Infrastructure & Economic Development Bank,
Refunding RB, Series A, Class B, AMT, Sustainability
Bonds, 9.50%, 01/01/65(b)
 
1,760
1,408,000
Total Municipal Bonds in California
2,868,325
Georgia — 2.6%
Corporate — 2.6%
Main Street Natural Gas, Inc., RB
 
Series A, 5.00%, 05/15/43
 
3,310
3,371,256
Series C, 5.00%, 12/01/54(a)
 
5,000
5,380,037
Total Municipal Bonds in Georgia
8,751,293
Guam — 0.2%
Utilities — 0.2%
Guam Power Authority, Refunding RB, Series A, 5.00%,
10/01/41
 
580
603,957
Kentucky — 1.7%
Corporate — 1.7%
Kentucky Public Energy Authority, Refunding RB, Series B,
5.00%, 01/01/55(a)
 
5,495
5,968,854
New York — 127.4%
Corporate — 7.8%
New York Energy Finance Development Corp., RB, 5.00%,
07/01/56(a)
 
9,940
10,685,437
New York Liberty Development Corp., RB, 5.50%,
10/01/37
 
830
992,093
New York Liberty Development Corp., Refunding RB,
5.25%, 10/01/35
 
5,500
6,424,846
New York Transportation Development Corp., ARB, AMT,
5.63%, 04/01/40
 
2,215
2,325,847
New York Transportation Development Corp., RB
 
AMT, 5.00%, 10/01/35
 
2,165
2,264,749
AMT, 5.00%, 10/01/40
 
4,210
4,275,005
 
 
26,967,977
County/City/Special District/School District — 21.3%
Battery Park City Authority, RB
 
Series A, Sustainability Bonds, 5.00%, 11/01/41
 
665
732,428
Series A, Sustainability Bonds, 5.00%, 11/01/42
 
1,290
1,407,384
Series A, Sustainability Bonds, 5.00%, 11/01/43
 
1,565
1,691,394
Series A, Sustainability Bonds, 5.00%, 11/01/48
 
2,165
2,294,679
Series A, Sustainability Bonds, 5.00%, 11/01/53
 
3,935
4,149,023
Security
 
Par
(000)
Value
County/City/Special District/School District (continued)
Build NYC Resource Corp., RB
 
Class A, 5.38%, 12/01/46
$
330
$ 355,950
Class A, 5.50%, 12/01/51
 
480
510,690
City of New York, GO
 
Series A-1, 5.00%, 08/01/47
 
2,410
2,479,040
Series A-1, 5.00%, 08/01/53
 
830
867,652
Series F-1, 5.00%, 04/01/45
 
4,950
5,050,051
Series F-1, 4.00%, 03/01/47
 
2,270
2,102,264
Series G-1, 5.25%, 02/01/50
 
830
886,518
County of Nassau New York, GOL
 
Series A, 4.00%, 04/01/49
 
2,735
2,561,031
Series A, 4.00%, 04/01/54
 
1,095
1,009,046
County of Nassau New York, Refunding GOL, Series B,
(AGM), 5.00%, 04/01/49
 
1,430
1,478,517
New York City Industrial Development Agency, RB, (AGM),
0.00%, 03/01/39(c)
 
1,380
786,569
New York City Industrial Development Agency, Refunding
RB, (AGM), 4.00%, 03/01/45
 
3,600
3,446,049
New York City Transitional Finance Authority Future Tax
Secured Revenue, RB
 
Series B, 5.00%, 05/01/51
 
1,655
1,730,222
Series D, 5.50%, 05/01/52
 
830
897,718
Sub-Series E-1, 5.00%, 02/01/43
 
1,645
1,667,545
Series A-1, Subordinate, 5.50%, 05/01/50
 
1,660
1,814,528
Series B, Subordinate, 4.38%, 05/01/53
 
2,320
2,286,329
Series C-S, Subordinate, 5.00%, 05/01/50
 
1,085
1,131,944
Series F-1, Subordinate, 5.00%, 02/01/44
 
355
371,384
Series F-1, Subordinate, 4.00%, 02/01/51
 
6,800
6,305,131
Series H-1, Subordinate, 5.25%, 11/01/48
 
2,655
2,851,392
Series H-1, Subordinate, 5.50%, 11/01/51
 
410
446,283
New York Convention Center Development Corp., RB,
CAB(c)
 
Series B, Sub Lien, 0.00%, 11/15/42
 
2,185
986,311
Series B, Sub Lien, 0.00%, 11/15/47
 
5,600
1,916,460
Series B, Sub Lien, 0.00%, 11/15/48
 
2,665
865,635
Series B, Sub Lien, (AGM-CR), 0.00%, 11/15/55
 
2,485
588,969
Series B, Sub Lien, (AGM-CR), 0.00%, 11/15/56
 
3,315
746,648
New York Liberty Development Corp., Refunding RB
 
Series 1, 3.00%, 02/15/42
 
925
790,724
Series A, Sustainability Bonds, 3.00%, 11/15/51
 
1,460
1,055,017
Saratoga County Capital Resource Corp., RB, 5.00%,
07/01/47
 
860
911,508
Schenectady County Capital Resource Corp., RB,
Series A, 5.50%, 01/01/57
 
1,405
1,498,367
Triborough Bridge & Tunnel Authority Sales Tax Revenue,
RB
 
Class A, 4.00%, 05/15/57
 
1,300
1,194,757
Series A, 4.25%, 05/15/58
 
4,670
4,477,733
Series A-1, 4.13%, 05/15/64
 
6,385
5,859,353
Yonkers Industrial Development Agency, Refunding RB,
(SAW), 4.00%, 05/01/41
 
1,000
1,003,179
 
 
73,205,422
Education — 9.2%
Albany Capital Resource Corp., Refunding RB(d)(e)
 
4.00%, 07/01/41
 
417
20,863
4.00%, 07/01/51
 
432
21,568
Build NYC Resource Corp., RB, 5.00%, 09/01/59(b)
 
1,325
1,204,147
Build NYC Resource Corp., Refunding RB
 
5.00%, 08/01/47
 
660
611,887
Series A, 5.00%, 06/01/43
 
450
450,171
2
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Education (continued)
Dobbs Ferry Local Development Corp., RB, 5.00%,
07/01/39
$
750
$ 750,459
Dutchess County Local Development Corp., RB, 5.00%,
07/01/43
 
570
583,042
Dutchess County Local Development Corp., Refunding
RB, 4.00%, 07/01/49
 
1,655
1,559,449
Monroe County Industrial Development Corp., Refunding
RB
 
Series A, 4.00%, 07/01/39
 
350
350,005
Series A, 4.00%, 07/01/50
 
5,700
5,185,741
New York State Dormitory Authority, RB
 
Series 1, (AMBAC), 5.50%, 07/01/40
 
3,500
4,108,431
Series A, 5.00%, 07/01/46
 
410
414,861
Sustainability Bonds, 5.00%, 07/01/50
 
1,325
1,350,901
Series A, Sustainability Bonds, 5.00%, 07/01/48
 
500
526,125
Series A, Sustainability Bonds, 5.25%, 07/01/50
 
425
458,644
Series A, Sustainability Bonds, 5.25%, 07/01/55
 
1,080
1,161,069
New York State Dormitory Authority, Refunding RB
 
Series A, 5.00%, 07/01/35
 
1,030
1,030,068
Series A, 4.00%, 07/01/49
 
360
323,398
Series A, 5.00%, 07/01/50
 
2,510
2,512,493
Onondaga County Trust for Cultural Resources, Refunding
RB
 
5.00%, 12/01/43
 
2,655
2,768,362
4.00%, 12/01/47
 
1,350
1,258,646
Schenectady County Capital Resource Corp., Refunding
RB, 5.00%, 01/01/47
 
4,510
4,541,584
Troy Capital Resource Corp., Refunding RB, 5.00%,
09/01/39
 
450
472,205
 
 
31,664,119
Health — 11.3%
Albany Capital Resource Corp., Refunding RB, Series A,
5.50%, 05/01/55
 
2,985
3,198,365
Brookhaven Local Development Corp., Refunding RB,
5.00%, 10/01/50
 
2,400
2,444,711
Build NYC Resource Corp., RB
 
Class A, 5.25%, 07/01/37
 
1,250
1,204,349
Class A, 5.50%, 07/01/47
 
765
696,572
Genesee County Funding Corp., Refunding RB, Series A,
5.25%, 12/01/52
 
1,325
1,342,621
Monroe County Industrial Development Corp., RB
 
4.00%, 12/01/41
 
500
467,616
Series A, 5.00%, 12/01/37
 
1,180
1,181,671
Monroe County Industrial Development Corp., Refunding
RB
 
4.00%, 12/01/38
 
1,150
1,130,904
4.00%, 12/01/39
 
475
460,943
4.00%, 12/01/46
 
4,595
4,020,660
New York State Dormitory Authority, RB
 
Series 1, 5.25%, 07/01/54
 
865
931,140
Series 1-A, 4.00%, 07/01/51
 
5,750
5,288,932
Series A, 4.00%, 07/01/50
 
895
801,298
Series A-1, (AGM), 5.50%, 07/01/55
 
1,660
1,796,396
New York State Dormitory Authority, Refunding RB
 
4.00%, 07/01/45
 
380
303,765
4.25%, 05/01/52
 
3,645
3,403,656
5.00%, 05/01/52
 
4,875
4,929,095
Class A, 5.25%, 05/01/54
 
1,200
1,249,709
Series 1, 4.00%, 07/01/47
 
2,660
2,540,158
Security
 
Par
(000)
Value
Health (continued)
Suffolk County Economic Development Corp., RB,
Series C, 5.00%, 07/01/32
$
460
$ 460,582
Westchester County Local Development Corp., Refunding
RB(b)
 
5.00%, 07/01/41
 
510
507,723
5.00%, 07/01/56
 
570
501,841
 
 
38,862,707
Housing — 11.8%
New York City Housing Development Corp., RB, M/F
Housing
 
Sustainability Bonds, (HUD SECT 8), 4.80%, 02/01/53
 
5,265
5,285,738
Series A, Sustainability Bonds, 4.75%, 11/01/48
 
365
368,952
Series A, Sustainability Bonds, (FHLMC, FNMA, GNMA,
HUD SECT 8), 4.70%, 08/01/54
 
2,650
2,642,821
Series A, Sustainability Bonds, (FHLMC), 5.20%,
02/01/55
 
1,875
1,926,405
Series A-1, Sustainability Bonds, 4.65%, 11/01/49
 
685
690,244
Series B-1, Sustainability Bonds, 5.25%, 11/01/55
 
250
259,132
Series B-1, Class A, Sustainability Bonds, (HUD SECT
8), 4.65%, 11/01/49
 
1,025
1,032,848
Series C-1, Sustainability Bonds, 5.05%, 11/01/50
 
665
684,473
Series C-1, Sustainability Bonds, (HUD SECT 8),
4.50%, 08/01/54
 
1,160
1,134,853
Series D-1, Sustainability Bonds, (HUD SECT 8),
4.50%, 11/01/54
 
660
645,679
Series D-2, Sustainability Bonds, (HUD SECT 8),
4.45%, 11/01/49
 
1,160
1,149,416
Series D-2, Sustainability Bonds, (HUD SECT 8),
4.50%, 11/01/54
 
825
807,099
Series E-1, Sustainability Bonds, 4.85%, 11/01/53
 
3,660
3,690,842
Series F-1A, Sustainability Bonds, 4.55%, 11/01/54
 
5,185
5,097,358
Series F-1A, Sustainability Bonds, 5.00%, 11/01/54
 
1,265
1,291,414
New York City Housing Development Corp., RB, S/F
Housing, Series A, Sustainability Bonds, 4.25%,
11/01/43
 
2,970
2,971,209
New York State Housing Finance Agency, RB, M/F
Housing
 
Series A, 4.65%, 11/15/38
 
550
550,046
Series B-1, Sustainability Bonds, (SONYMA), 4.85%,
11/01/48
 
1,310
1,338,717
Series C-1, Sustainability Bonds, (SONYMA), 4.65%,
11/01/48
 
515
517,077
State of New York Mortgage Agency Homeowner Mortgage
Revenue, RB, S/F Housing
 
Series 250, Sustainability Bonds, (SONYMA), 4.80%,
10/01/48
 
3,410
3,483,108
Series 255, Sustainability Bonds, (SONYMA), 4.70%,
10/01/43
 
1,385
1,412,009
Series 261, Sustainability Bonds, (SONYMA), 4.55%,
10/01/49
 
3,760
3,723,227
 
 
40,702,667
State — 10.1%
Empire State Development Corp., RB, Series A, 5.00%,
03/15/46
 
3,320
3,492,533
Empire State Development Corp., Refunding RB, 5.00%,
03/15/47
 
1,200
1,235,648
New York City Transitional Finance Authority Building Aid
Revenue, RB, Series S-1, (SAW), 5.00%, 07/15/43
 
995
1,076,126
New York State Dormitory Authority, RB
 
Series A, 5.00%, 03/15/44
 
5,225
5,344,719
Schedule of Investments
3
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
State (continued)
New York State Dormitory Authority, RB (continued)
 
Series A, 5.00%, 03/15/45
$
2,700
$ 2,759,145
Series A, 5.00%, 03/15/52
 
3,775
3,946,415
New York State Dormitory Authority, Refunding RB
 
Series A, 5.00%, 03/15/46
 
1,190
1,234,820
Series A, 4.00%, 03/15/54
 
7,020
6,489,966
Series D, 5.00%, 02/15/48
 
555
569,907
New York State Thruway Authority, RB, Series A, 5.00%,
03/15/49
 
3,320
3,502,849
New York State Thruway Authority, Refunding RB,
Series A, 5.00%, 03/15/48
 
5,000
5,194,778
 
 
34,846,906
Tobacco — 1.9%
Chautauqua Tobacco Asset Securitization Corp.,
Refunding RB
 
4.75%, 06/01/39
 
1,875
1,571,133
5.00%, 06/01/48
 
680
531,128
New York Counties Tobacco Trust VI, Refunding RB
 
Series A-2B, 5.00%, 06/01/45
 
260
227,515
Series A-2B, 5.00%, 06/01/51
 
1,015
857,028
Niagara Tobacco Asset Securitization Corp., Refunding
RB, 5.25%, 05/15/40
 
1,500
1,436,995
TSASC, Inc., Refunding RB, Series A, 5.00%, 06/01/41
 
630
631,754
Westchester Tobacco Asset Securitization Corp.,
Refunding RB, Sub-Series C, 4.00%, 06/01/42
 
1,680
1,371,220
 
 
6,626,773
Transportation — 39.7%
Buffalo & Fort Erie Public Bridge Authority, RB, 5.00%,
01/01/47
 
1,565
1,577,520
Hudson Yards Infrastructure Corp., Refunding RB
 
Series A, 5.00%, 02/15/42
 
4,920
4,997,587
Series A, (AGM), 4.00%, 02/15/47
 
2,425
2,292,748
Metropolitan Transportation Authority Dedicated Tax Fund,
Refunding RB, Series B-2, Sustainability Bonds, 5.00%,
11/15/48
 
785
823,060
Metropolitan Transportation Authority, RB
 
Series D-2, Sustainability Bonds, 4.00%, 11/15/48
 
1,590
1,454,259
Series D-3, Sustainability Bonds, 4.00%, 11/15/49
 
2,720
2,476,636
Metropolitan Transportation Authority, Refunding RB
 
Series A, Sustainability Bonds, 5.50%, 11/15/47
 
3,410
3,684,645
Series A-1, Sustainability Bonds, (AGM), 4.00%,
11/15/54
 
1,760
1,570,758
Series C-1, Sustainability Bonds, (BAM-TCRS), 4.75%,
11/15/45
 
3,765
3,734,598
Sub-Series C-1, Sustainability Bonds, 5.00%, 11/15/34
 
1,500
1,569,516
MTA Hudson Rail Yards Trust Obligations, Refunding RB,
Series A, 5.00%, 11/15/56
 
5,410
5,409,711
New York City Industrial Development Agency, Refunding
RB, Series A, 5.00%, 07/01/28
 
450
450,067
New York State Thruway Authority, Refunding RB
 
Series P, 5.00%, 01/01/49
 
830
873,166
Series B, Subordinate, 4.00%, 01/01/50
 
400
370,152
New York Transportation Development Corp., ARB
 
AMT, 5.00%, 12/01/34
 
1,660
1,792,309
AMT, 5.00%, 12/01/35
 
3,405
3,658,537
AMT, 5.00%, 12/01/36
 
1,720
1,835,304
AMT, 5.00%, 12/01/41
 
450
463,108
Series A, AMT, 5.00%, 07/01/46
 
6,745
6,715,578
Series A, AMT, 5.25%, 01/01/50
 
8,845
8,844,844
AMT, Sustainability Bonds, 6.00%, 06/30/50
 
665
712,992
Security
 
Par
(000)
Value
Transportation (continued)
New York Transportation Development Corp., RB
 
AMT, 4.00%, 10/31/41
$
455
$ 430,503
AMT, 4.00%, 10/31/46
 
1,510
1,348,618
AMT, Sustainability Bonds, (AGM), 5.00%, 06/30/49
 
1,450
1,459,160
AMT, Sustainability Bonds, 6.00%, 06/30/54
 
4,240
4,424,362
AMT, Sustainability Bonds, (AGM), 5.13%, 06/30/60
 
665
668,234
AMT, Sustainability Bonds, (AGM), 5.25%, 06/30/60
 
5,120
5,212,066
AMT, Sustainability Bonds, 5.50%, 06/30/60
 
4,390
4,482,061
New York Transportation Development Corp., Refunding
RB, Series A, AMT, Sustainability Bonds, 5.50%,
12/31/60
 
3,340
3,411,099
New York Transportation Development Corp., Refunding
RB, CAB, Series B, AMT, (AGM), 5.00%, 12/31/54(f)
 
1,705
1,107,820
Port Authority of New York & New Jersey, ARB, Series 221,
AMT, 4.00%, 07/15/55
 
1,145
1,028,636
Port Authority of New York & New Jersey, Refunding ARB
 
Series 240, 5.00%, 07/15/53
 
1,660
1,729,614
AMT, 5.00%, 01/15/47
 
2,655
2,736,132
Series 177, AMT, 4.00%, 01/15/43
 
285
266,855
Series 202, AMT, 5.00%, 10/15/34
 
1,660
1,697,878
Series 206, AMT, 5.00%, 11/15/47
 
3,310
3,333,544
Series 231, AMT, 5.50%, 08/01/52
 
1,375
1,455,789
Port Authority of New York & New Jersey, Refunding RB
 
Series 250, 5.25%, 10/15/55
 
1,660
1,784,879
Series 226, AMT, 5.00%, 10/15/39
 
3,105
3,275,273
Series 242, AMT, 5.00%, 12/01/39
 
680
730,368
Series 242, AMT, 5.00%, 12/01/48
 
1,660
1,711,877
Triborough Bridge & Tunnel Authority, RB
 
Series A, 5.00%, 11/15/47
 
3,735
3,871,872
Series A, 4.00%, 11/15/52
 
4,500
4,168,288
Series A, 5.25%, 12/01/54
 
4,120
4,363,131
Series A, 5.50%, 11/15/57
 
1,775
1,899,527
Series A-1, 5.25%, 11/15/55
 
385
411,893
Triborough Bridge & Tunnel Authority, Refunding RB
 
Series A, 5.00%, 11/15/46
 
4,760
4,866,120
Series A-1, 5.00%, 05/15/51
 
1,460
1,499,178
Series B, 5.00%, 11/15/37
 
6,225
6,395,674
Series C, 5.00%, 05/15/47
 
3,925
4,076,189
Series C, 4.13%, 05/15/52
 
7,080
6,699,410
Series C, Sustainability Bonds, 5.25%, 11/15/42
 
615
677,954
 
 
136,531,099
Utilities — 14.3%
Long Island Power Authority, RB
 
(BAM-TCRS), 5.00%, 09/01/42
 
4,645
4,745,156
5.00%, 09/01/47
 
450
455,654
Series E, Sustainability Bonds, 5.00%, 09/01/53
 
2,335
2,427,825
Long Island Power Authority, Refunding RB
 
Series A, 5.25%, 09/01/50
 
3,320
3,559,580
Series B, 5.00%, 09/01/41
 
750
756,706
New York City Municipal Water Finance Authority, RB,
Series BB, 5.00%, 06/15/52
 
2,810
2,956,197
New York City Municipal Water Finance Authority,
Refunding RB
 
5.00%, 06/15/50
 
1,175
1,211,647
Series DD, 4.13%, 06/15/46
 
1,965
1,914,039
Series DD, 4.13%, 06/15/47
 
1,760
1,710,086
Series EE, 5.00%, 06/15/45
 
2,250
2,376,816
New York Power Authority, RB
 
Series A, Sustainability Bonds, (AGM), 5.00%, 11/15/48
 
5,385
5,677,301
Series A, Sustainability Bonds, (AGM), 5.00%, 11/15/53
 
3,010
3,144,515
New York Power Authority, Refunding RB
 
Series A, Sustainability Bonds, 4.00%, 11/15/50
 
5,170
4,781,802
4
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Utilities (continued)
New York Power Authority, Refunding RB (continued)
 
Series A, Sustainability Bonds, 4.00%, 11/15/55
$
5,505
$ 5,086,486
Series A, Sustainability Bonds, 4.00%, 11/15/60
 
470
424,566
New York State Environmental Facilities Corp., RB,
Series A, Sustainability Bonds, 5.00%, 09/15/54
 
3,410
3,622,824
New York State Environmental Facilities Corp., Refunding
RB, 5.00%, 06/15/51
 
2,595
2,720,693
Rockland County Solid Waste Management Authority, RB,
Series A, AMT, Sustainability Bonds, 4.00%, 12/15/46
 
925
850,870
Utility Debt Securitization Authority, Refunding RB,
Series 2, Sustainability Bonds, 5.00%, 06/15/53
 
720
758,141
 
 
49,180,904
Total Municipal Bonds in New York
438,588,574
Puerto Rico — 2.1%
State — 2.1%
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB
 
Series A-1, Restructured, 5.00%, 07/01/58
 
3,078
2,989,479
Series A-2, Restructured, 4.78%, 07/01/58
 
390
366,754
Series A-2, Restructured, 4.33%, 07/01/40
 
1,045
1,013,122
Series B-1, Restructured, 4.75%, 07/01/53
 
460
434,931
Series B-2, Restructured, 4.78%, 07/01/58
 
601
565,178
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB, CAB, Series A-1, Restructured, 0.00%,
07/01/46(c)
 
5,658
1,969,168
Total Municipal Bonds in Puerto Rico
7,338,632
South Carolina — 1.1%
Corporate — 1.1%
Patriots Energy Group Financing Agency, RB, Series A1,
5.25%, 10/01/54(a)
 
3,280
3,578,115
Total Municipal Bonds — 139.3%
(Cost: $469,225,962)
479,506,201
Municipal Bonds Transferred to Tender Option Bond Trusts(g)
New York — 27.1%
County/City/Special District/School District — 3.7%
County of Nassau New York, GOL
 
Series A, 5.00%, 04/01/49(h)
 
5,298
5,583,137
Series A, 5.00%, 04/01/55
 
3,320
3,476,878
Triborough Bridge & Tunnel Authority Sales Tax Revenue,
RB, Class A, 5.25%, 05/15/52(h)
 
3,320
3,506,008
 
 
12,566,023
Education — 1.4%
Onondaga Civic Development Corp., RB, 5.50%, 12/01/56
 
4,457
4,875,031
Housing — 1.2%
New York City Ny Hsg Dev Corp, 5.00%, 11/01/55
 
4,155
4,215,841
State — 6.4%
New York State Dormitory Authority, Refunding RB
 
Series A, 5.00%, 03/15/55
 
3,320
3,477,370
Series B, 5.00%, 03/15/54(h)
 
4,118
4,308,955
Series C, 5.50%, 03/15/53
 
4,980
5,434,285
New York State Thruway Authority, Refunding RB,
Series A, 5.00%, 03/15/46(h)
 
8,535
8,903,999
 
 
22,124,609
Transportation — 6.4%
Hudson Yards Infrastructure Corp., Refunding RB,
Series A, 5.00%, 02/15/42
 
4,500
4,570,964
Security
 
Par
(000)
Value
Transportation (continued)
Metropolitan Transportation Authority Dedicated Tax Fund,
Refunding RB, Sustainability Bonds, Series B-2, 5.00%,
11/15/47(h)
$
7,534
$ 7,920,202
Port Authority of New York & New Jersey, Refunding ARB,
AMT, Series 200, 5.50%, 08/01/52(h)
 
4,520
4,785,574
Triborough Bridge & Tunnel Authority, Refunding RB,
Series C, 5.25%, 05/15/52(h)
 
4,640
4,870,480
 
 
22,147,220
Utilities — 8.0%
New York City Municipal Water Finance Authority, RB
 
Series BB, 5.25%, 06/15/55(h)
 
9,500
10,171,885
Sub Series CC-1, 5.25%, 06/15/54
 
4,480
4,767,501
New York City Municipal Water Finance Authority,
Refunding RB, Series AA-3, 5.25%, 06/15/48(h)
 
5,857
6,236,841
Utility Debt Securitization Authority, Refunding RB,
Sustainability Bonds, 2nd Series, 5.00%, 12/15/50(h)
 
5,880
6,201,837
 
 
27,378,064
Total Municipal Bonds in New York
93,306,788
Total Municipal Bonds Transferred to Tender Option Bond
Trusts — 27.1%
(Cost: $91,262,728)
93,306,788
Total Long-Term Investments — 166.4%
(Cost: $560,488,690)
572,812,989
 
 
 
 
Shares
 
Short-Term Securities
Money Market Funds — 0.2%
BlackRock Liquidity Funds, MuniCash, Institutional Shares,
3.01%(i)(j)
 
668,574
668,641
Total Short-Term Securities — 0.2%
(Cost: $668,641)
668,641
Total Investments — 166.6%
(Cost: $561,157,331)
573,481,630
Other Assets Less Liabilities — 2.1%
7,256,586
Liability for TOB Trust Certificates, Including Interest Expense and
Fees Payable — (18.8)%
(64,785,332
)
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —
(49.9)%
(171,776,840
)
Net Assets Applicable to Common Shares — 100.0%
$  344,176,044
 
(a)
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate and
spread if published and available.
(b)
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933,
as amended. These securities may be resold in transactions exempt from registration to
qualified institutional investors.
(c)
Zero-coupon bond.
(d)
Issuer filed for bankruptcy and/or is in default.
(e)
Non-income producing security.
(f)
Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-
down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently
in effect.
(g)
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.
(h)
All or a portion of the 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 November 15, 2030 to June 15, 2033, is $55,162,629.
Schedule of Investments
5
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
 
(i)
Affiliate of the Fund.
(j)
Annualized 7-day yield as of period end.
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes. 
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
07/31/25
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
10/31/25
Shares
Held at
10/31/25
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, MuniCash, Institutional Shares
$ 18,177,023
$ —
$ (17,508,382
)(a)
$ —
$ —
$ 668,641
668,574
$ 26,974
$ —
 
(a)
Represents net amount purchased (sold).
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
114
12/19/25
$ 12,852
$ (119,895
)
U.S. Long Bond
106
12/19/25
12,448
(356,834
)
5-Year U.S. Treasury Note
69
12/31/25
7,539
(26,342
)
 
$ (503,071
)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
6
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
 
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above. 
 
Level 1
Level 2
Level 3
Total
Assets
Investments 
Long-Term Investments 
Municipal Bonds
$ —
$ 479,506,201
$ —
$ 479,506,201
Municipal Bonds Transferred to Tender Option Bond Trusts
—
93,306,788
—
93,306,788
Short-Term Securities 
Money Market Funds
668,641
—
—
668,641
 
$668,641
$572,812,989
$—
$573,481,630
Derivative Financial Instruments(a)
Liabilities 
Interest Rate Contracts
$ (503,071
)
$ —
$ —
$ (503,071
)
 
(a)
Derivative financial instruments are futures contracts. Futures contracts 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 reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows: 
 
Level 1
Level 2
Level 3
Total
Liabilities
TOB Trust Certificates
$—
$(64,469,273
)
$—
$(64,469,273
)
VRDP Shares at Liquidation Value
—
(172,000,000
)
—
(172,000,000
)
 
$—
$(236,469,273
)
$—
$(236,469,273
)
 
Portfolio Abbreviation 
AGM
 Assured Guaranty Municipal Corp.
AGM-CR
 AGM Insured Custodial Receipt
AMBAC
 AMBAC Assurance Corp.
AMT
 Alternative Minimum Tax
ARB
 Airport Revenue Bonds
BAM-TCRS
 Build America Mutual Assurance Co. - Transferable
Custodial Receipts
CAB
 Capital Appreciation Bonds
FHLMC
 Federal Home Loan Mortgage Corp.
FNMA
 Federal National Mortgage Association
GNMA
 Government National Mortgage Association
GO
 General Obligation Bonds
GOL
 General Obligation Ltd.
HUD SECT 8
 U.S. Department of Housing and Urban Development
Section 8
M/F
 Multi-Family
RB
 Revenue Bonds
S/F
 Single-Family
SAW
 State Aid Withholding
SONYMA
 State of New York Mortgage Agency
Schedule of Investments
7