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 811-08081

 

Name of Fund: BlackRock MuniHoldings Fund, Inc. (MHD)

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

 

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock MuniHoldings Fund, Inc., 55 East 52nd Street, New York, NY 10055.

 

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

 

Date of fiscal year end: 04/30/2011

 

Date of reporting period: 07/31/2010

 

Item 1 – Schedule of Investments

 

 

 

 

Schedule of Investments July 31, 2010 (Unaudited)

BlackRock MuniHoldings Fund, Inc. (MHD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Alabama — 1.7%

 

 

 

 

 

 

 

County of Jefferson Alabama, RB,
Series A, 5.00%, 1/01/24

 

$

4,550

 

$

3,724,448

 

Arizona — 4.9%

 

 

 

 

 

 

 

Maricopa County IDA Arizona, RB,
Arizona Charter Schools Project,
Series A, 6.75%, 7/01/29

 

 

2,200

 

 

1,520,618

 

Maricopa County Pollution Control
Corp., Refunding RB, Southern
California Edison Co., Series A,
5.00%, 6/01/35

 

 

1,185

 

 

1,192,240

 

Phoenix IDA Arizona, Refunding RB,
America West Airlines Inc. Project,
AMT, 6.30%, 4/01/23

 

 

2,215

 

 

1,765,842

 

Pima County IDA, Refunding IDRB,
Tucson Electric Power, 5.75%,
9/01/29

 

 

770

 

 

786,609

 

Salt River Project Agricultural
Improvement & Power District, RB,
Series A, 5.00%, 1/01/38

 

 

1,370

 

 

1,435,637

 

Salt Verde Financial Corp., RB, Senior:

 

 

 

 

 

 

 

5.00%, 12/01/32

 

 

2,000

 

 

1,817,180

 

5.00%, 12/01/37

 

 

2,360

 

 

2,093,674

 

Show Low Improvement District,
Special Assessment Bonds, District
No. 5, 6.38%, 1/01/15

 

 

305

 

 

305,857

 

 

 

 

 

 

 

 

 

 

 

 

 

10,917,657

 

California — 16.2%

 

 

 

 

 

 

 

Agua Caliente Band of Cahuilla Indians,
RB, 5.60%, 7/01/13 (a)

 

 

255

 

 

251,790

 

California Health Facilities Financing
Authority, RB, Cedars-Sinai Medical
Center, 5.00%, 8/15/39

 

 

500

 

 

480,745

 

California Health Facilities Financing
Authority, Refunding RB, St. Joseph
Health System, Series A, 5.75%,
7/01/39

 

 

1,530

 

 

1,600,487

 

California State Public Works Board,
RB:

 

 

 

 

 

 

 

Department of Corrections,
Series C, 5.25%, 6/01/28

 

 

2,420

 

 

2,427,163

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

California (concluded)

 

 

 

 

 

 

 

California State Public Works Board,
RB: (concluded)

 

 

 

 

 

 

 

Various Capital Projects,
Sub-Series I-1, 6.38%, 11/01/34

 

$

820

 

$

875,079

 

California Statewide Communities
Development Authority, RB:

 

 

 

 

 

 

 

Health Facility, Memorial Health
Services, Series A, 6.00%,
10/01/23

 

 

3,870

 

 

4,046,588

 

John Muir Health, 5.13%, 7/01/39

 

 

1,510

 

 

1,486,429

 

Los Angeles Department of Airports,
RB, Series A, 5.25%, 5/15/39

 

 

555

 

 

579,992

 

Los Angeles Department of Airports,
Refunding RB, Senior, Los Angeles
International Airport, Series A, 5.00%,
5/15/40

 

 

4,115

 

 

4,184,831

 

Montebello Unified School District
California, GO, CAB (NPFGC) (b):

 

 

 

 

 

 

 

5.63%, 8/01/22

 

 

2,405

 

 

1,249,277

 

5.61%, 8/01/23

 

 

2,455

 

 

1,187,852

 

San Diego Unified School District
California, GO, CAB, Election of 2008,
Series A, 6.06%, 7/01/29 (b)

 

 

3,475

 

 

1,219,968

 

San Francisco City & County Public
Utilities Commission, RB, Series B,
5.00%, 11/01/39

 

 

6,600

 

 

6,933,762

 

State of California, GO, Various
Purpose, 6.50%, 4/01/33

 

 

8,370

 

 

9,412,986

 

 

 

 

 

 

 

 

 

 

 

 

 

35,936,949

 

Colorado — 3.6%

 

 

 

 

 

 

 

Colorado Educational & Cultural
Facilities Authority, RB, Charter
School, Colorado Springs, 5.50%,
7/01/40

 

 

1,455

 

 

1,452,803

 

Colorado Health Facilities Authority,
Refunding RB, Sisters of
Leavenworth, Series A, 5.00%,
1/01/40

 

 

1,525

 

 

1,526,068

 

 

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:

 

 

ACA

ACA Financial Guaranty Corp.

AGC

Assured Guaranty Corp.

AGM

Assured Guaranty Municipal Corp.

AMBAC

American Municipal Bond Assurance Corp.

AMT

Alternative Minimum Tax (subject to)

CAB

Capital Appreciation Bonds

EDA

Economic Development Authority

EDC

Economic Development Corp.

ERB

Education Revenue Bonds

FHA

Federal Housing Administration

GO

General Obligation Bonds

HDA

Housing Development Authority

HFA

Housing Finance Agency

HRB

Housing Revenue Bonds

HUD

U.S. Department of Housing and Urban Development

IDA

Industrial Development Authority

IDRB

Industrial Development Revenue Bonds

M/F

Multi Family

NPFGC

National Public Finance Guarantee Corp.

RB

Revenue Bonds

 

 

 

BLACKROCK MUNIHOLDINGS FUND, INC.

JULY 31, 2010

1

 

 

 

 

Schedule of Investments (continued)

BlackRock MuniHoldings Fund, Inc. (MHD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Colorado (concluded)

 

 

 

 

 

 

 

Elk Valley Public Improvement Corp.,
RB, Public Improvement Fee, Series
A, 7.35%, 9/01/31

 

$

2,645

 

$

2,480,878

 

Platte River Power Authority Colorado,
RB, Series HH, 5.00%, 6/01/28

 

 

245

 

 

268,228

 

Plaza Metropolitan District No. 1
Colorado, Tax Allocation Bonds,
Subordinate Public Improvement Fee,
Tax Increment, 8.13%, 12/01/25

 

 

1,000

 

 

915,340

 

University of Colorado, RB, Series A,
5.38%, 6/01/38

 

 

1,250

 

 

1,348,800

 

 

 

 

 

 

 

 

 

 

 

 

 

7,992,117

 

Connecticut — 2.8%

 

 

 

 

 

 

 

Connecticut State Development
Authority, RB, AFCO Cargo BDL LLC
Project, AMT, 8.00%, 4/01/30

 

 

2,735

 

 

2,613,675

 

Connecticut State Health & Educational
Facility Authority, RB:

 

 

 

 

 

 

 

Ascension Health Senior Credit,
5.00%, 11/15/40

 

 

955

 

 

982,829

 

Wesleyan University, 5.00%,
7/01/35

 

 

2,515

 

 

2,691,528

 

 

 

 

 

 

 

 

 

 

 

 

 

6,288,032

 

District of Columbia — 2.3%

 

 

 

 

 

 

 

Metropolitan Washington Airports
Authority, RB:

 

 

 

 

 

 

 

CAB, Second Senior Lien, Series B
(AGC), 7.10%, 10/01/35 (b)

 

 

13,485

 

 

2,957,395

 

First Senior Lien, Series A, 5.00%,
10/01/39

 

 

505

 

 

520,322

 

First Senior Lien, Series A, 5.25%,
10/01/44

 

 

1,470

 

 

1,536,253

 

 

 

 

 

 

 

 

 

 

 

 

 

5,013,970

 

Florida — 9.0%

 

 

 

 

 

 

 

City of Clearwater Florida, RB, Series A,
5.25%, 12/01/39

 

 

1,195

 

 

1,260,773

 

County of Broward Florida, RB, Series A,
5.25%, 10/01/34

 

 

750

 

 

784,920

 

County of Miami-Dade Florida, RB:

 

 

 

 

 

 

 

CAB, Sub-Series A (NPFGC), 5.24%,
10/01/37 (b)

 

 

2,340

 

 

382,052

 

Water & Sewer System, 5.00%,
10/01/34

 

 

3,935

 

 

4,038,923

 

County of Miami-Dade Florida,
Refunding RB, Miami International
Airport, Series A-1, 5.38%, 10/01/41

 

 

2,620

 

 

2,666,007

 

Greater Orlando Aviation Authority
Florida, RB, Special Purpose, JetBlue
Airways Corp., AMT, 6.50%,
11/15/36

 

 

2,095

 

 

1,898,845

 

Hillsborough County IDA, RB:

 

 

 

 

 

 

 

H. Lee Moffitt Cancer Center
Project, Series A, 5.25%, 7/01/37

 

 

3,075

 

 

2,955,013

 

National Gypsum Co., Series B,
AMT, 7.13%, 4/01/30

 

 

1,900

 

 

1,794,512

 

Midtown Miami Community
Development District, Special
Assessment Bonds, Series B, 6.50%,
5/01/37

 

 

2,450

 

 

2,428,195

 

Palm Coast Park Community
Development District, Special
Assessment Bonds, 5.70%, 5/01/37

 

 

675

 

 

408,031

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Florida (concluded)

 

 

 

 

 

 

 

Preserve at Wilderness Lake
Community Development District,
Special Assessment Bonds, Series A,
5.90%, 5/01/34

 

$

1,535

 

$

1,337,461

 

 

 

 

 

 

 

 

 

 

 

 

 

19,954,732

 

Georgia — 2.1%

 

 

 

 

 

 

 

City of Atlanta Georgia, Tax Allocation
Bonds, Refunding, Atlantic Station
Project (AGC):

 

 

 

 

 

 

 

5.25%, 12/01/20

 

 

40

 

 

42,303

 

5.25%, 12/01/21

 

 

1,465

 

 

1,532,727

 

De Kalb Private Hospital Authority,
Refunding RB, Children’s Healthcare,
5.25%, 11/15/39

 

 

585

 

 

605,393

 

Metropolitan Atlanta Rapid Transit
Authority, RB, Third Series, 5.00%,
7/01/39

 

 

2,410

 

 

2,535,633

 

 

 

 

 

 

 

 

 

 

 

 

 

4,716,056

 

Guam — 0.7%

 

 

 

 

 

 

 

Territory of Guam, GO, Series A:

 

 

 

 

 

 

 

6.00%, 11/15/19

 

 

440

 

 

456,931

 

6.75%, 11/15/29

 

 

630

 

 

675,492

 

7.00%, 11/15/39

 

 

430

 

 

465,011

 

 

 

 

 

 

 

 

 

 

 

 

 

1,597,434

 

Illinois — 3.3%

 

 

 

 

 

 

 

City of Chicago Illinois, Special
Assessment Bonds, Lake Shore East,
6.75%, 12/01/32

 

 

1,200

 

 

1,153,140

 

Illinois Finance Authority, Refunding
RB:

 

 

 

 

 

 

 

Central DuPage Health, Series B,
5.50%, 11/01/39

 

 

1,115

 

 

1,163,358

 

OSF Healthcare System, Series A,
6.00%, 5/15/39

 

 

910

 

 

918,618

 

Illinois HDA, RB, Homeowner Mortgage,
Sub-Series C2, AMT, 5.35%, 2/01/27

 

 

3,555

 

 

3,592,576

 

State of Illinois, RB, Build Illinois,
Series B, 5.25%, 6/15/34

 

 

440

 

 

454,788

 

 

 

 

 

 

 

 

 

 

 

 

 

7,282,480

 

Indiana — 1.7%

 

 

 

 

 

 

 

Indiana Finance Authority, RB, Sisters
of St. Francis Health, 5.25%,
11/01/39

 

 

585

 

 

598,291

 

Indiana Finance Authority, Refunding
RB, Parkview Health System, Series
A, 5.75%, 5/01/31

 

 

2,300

 

 

2,382,938

 

Indiana Municipal Power Agency, RB,
Indiana Municipal Power Agency,
Series B, 6.00%, 1/01/39

 

 

775

 

 

843,231

 

 

 

 

 

 

 

 

 

 

 

 

 

3,824,460

 

Kansas — 1.7%

 

 

 

 

 

 

 

Kansas Development Finance Authority,
Refunding RB:

 

 

 

 

 

 

 

Adventist Health, 5.75%, 11/15/38

 

 

2,465

 

 

2,665,577

 

Sisters of Leavenworth, Series A,
5.00%, 1/01/40

 

 

1,155

 

 

1,168,802

 

 

 

 

 

 

 

 

 

 

 

 

 

3,834,379

 

 

 

 

2

BLACKROCK MUNIHOLDINGS FUND, INC.

JULY 31, 2010

 

 

 

 

Schedule of Investments (continued)

BlackRock MuniHoldings Fund, Inc. (MHD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Kentucky — 1.3%

 

 

 

 

 

 

 

Kentucky Economic Development
Finance Authority, Refunding RB,
Owensboro Medical Health System,
Series A, 6.38%, 6/01/40

 

$

700

 

$

729,246

 

Louisville & Jefferson County
Metropolitan Sewer District Kentucky,
RB, Series A (NPFGC), 5.50%,
5/15/34

 

 

2,000

 

 

2,104,540

 

 

 

 

 

 

 

 

 

 

 

 

 

2,833,786

 

Louisiana — 2.1%

 

 

 

 

 

 

 

East Baton Rouge Sewerage
Commission, RB, Series A, 5.25%,
2/01/39

 

 

570

 

 

602,404

 

Louisiana Local Government
Environmental Facilities &
Community Development Authority,
RB, Westlake Chemical Corp.
Projects, 6.75%, 11/01/32

 

 

3,500

 

 

3,619,910

 

New Orleans Aviation Board, Refunding
RB, Passenger Facility Charge,
Series A, 5.25%, 1/01/41

 

 

430

 

 

430,929

 

 

 

 

 

 

 

 

 

 

 

 

 

4,653,243

 

Maine — 0.1%

 

 

 

 

 

 

 

Maine Health & Higher Educational
Facilities Authority, RB, Series A,
5.00%, 7/01/39

 

 

210

 

 

216,237

 

Maryland — 1.0%

 

 

 

 

 

 

 

Maryland EDC, RB, Transportation
Facilities Project, Series A, 5.75%,
6/01/35

 

 

300

 

 

306,756

 

Maryland State Energy Financing
Administration, RB, Cogeneration,
AES Warrior Run, AMT, 7.40%,
9/01/19

 

 

1,970

 

 

1,970,788

 

 

 

 

 

 

 

 

 

 

 

 

 

2,277,544

 

Massachusetts — 2.4%

 

 

 

 

 

 

 

Massachusetts Development Finance
Agency, Refunding RB, Boston
University, Series P, 5.45%, 5/15/59

 

 

1,165

 

 

1,233,688

 

Massachusetts HFA, RB, M/F Housing,
Series A, AMT, 5.25%, 12/01/48

 

 

2,900

 

 

2,784,870

 

Massachusetts Health & Educational
Facilities Authority, Refunding RB,
Partners Healthcare, Series J1,
5.00%, 7/01/39

 

 

1,255

 

 

1,284,882

 

 

 

 

 

 

 

 

 

 

 

 

 

5,303,440

 

Michigan — 3.2%

 

 

 

 

 

 

 

City of Detroit Michigan, RB, Senior
Lien, Series B (AGM), 7.50%,
7/01/33

 

 

635

 

 

764,585

 

Flint Hospital Building Authority
Michigan, Refunding RB, Hurley
Medical Center (ACA), 6.00%,
7/01/20

 

 

1,245

 

 

1,234,853

 

Michigan State Hospital Finance
Authority, Refunding RB, Hospital,
Henry Ford Health, 5.75%, 11/15/39

 

 

2,105

 

 

2,109,294

 

Michigan Strategic Fund, Refunding RB,
Detroit Edison Co., Pollution, Series B,
AMT, 5.65%, 9/01/29

 

 

3,000

 

 

3,007,020

 

 

 

 

 

 

 

 

 

 

 

 

 

7,115,752

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Minnesota — 1.1%

 

 

 

 

 

 

 

City of Minneapolis Minnesota,
Refunding RB, Fairview Health
Services, Series A, 6.75%, 11/15/32

 

$

2,135

 

$

2,393,570

 

Mississippi — 1.2%

 

 

 

 

 

 

 

Mississippi Development Bank Special
Obligation, Refunding RB, Gulfport
Water & Sewer System Project
(AGM):

 

 

 

 

 

 

 

5.25%, 7/01/17

 

 

920

 

 

1,039,848

 

5.25%, 7/01/19

 

 

785

 

 

870,361

 

University of Southern Mississippi, RB,
Campus Facilities Improvements
Project, 5.38%, 9/01/36

 

 

675

 

 

725,922

 

 

 

 

 

 

 

 

 

 

 

 

 

2,636,131

 

Montana — 0.7%

 

 

 

 

 

 

 

Montana Facility Finance Authority,
Refunding RB, Sisters of
Leavenworth, Series A, 4.75%,
1/01/40

 

 

1,575

 

 

1,579,694

 

New Hampshire — 1.5%

 

 

 

 

 

 

 

New Hampshire Health & Education
Facilities Authority, Refunding RB,
Dartmouth-Hitchcock, 6.00%,
8/01/38

 

 

3,035

 

 

3,234,733

 

New Jersey — 7.5%

 

 

 

 

 

 

 

New Jersey EDA, RB:

 

 

 

 

 

 

 

Cigarette Tax, 5.75%, 6/15/29

 

 

5,385

 

 

5,335,673

 

Continental Airlines Inc. Project,
AMT, 6.63%, 9/15/12

 

 

1,000

 

 

1,014,970

 

Continental Airlines Inc. Project,
AMT, 6.25%, 9/15/29

 

 

2,950

 

 

2,809,285

 

New Jersey State Turnpike Authority,
RB, Series C (AGM), 5.00%, 1/01/30

 

 

3,500

 

 

3,654,805

 

Tobacco Settlement Financing Corp.
New Jersey, Refunding RB, Series 1A:

 

 

 

 

 

 

 

4.50%, 6/01/23

 

 

2,630

 

 

2,408,107

 

5.00%, 6/01/41

 

 

2,015

 

 

1,321,538

 

 

 

 

 

 

 

 

 

 

 

 

 

16,544,378

 

New York — 3.7%

 

 

 

 

 

 

 

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

 

 

950

 

 

965,295

 

Dutchess County Industrial
Development Agency New York,
Refunding RB, St. Francis Hospital,
Series A, 7.50%, 3/01/29

 

 

1,100

 

 

1,097,272

 

Long Island Power Authority, Refunding
RB, Series A, 5.75%, 4/01/39

 

 

1,450

 

 

1,598,524

 

Metropolitan Transportation Authority,
Refunding RB, Series B, 5.00%,
11/15/34

 

 

1,740

 

 

1,831,019

 

New York City Industrial Development
Agency, RB:

 

 

 

 

 

 

 

Continental Airlines Inc. Project,
AMT, 8.00%, 11/01/12

 

 

420

 

 

420,643

 

Continental Airlines Inc. Project,
Mandatory Put Bonds, AMT, 8.38%,
11/01/16

 

 

725

 

 

724,152

 

Series C, 6.80%, 6/01/28

 

 

535

 

 

562,151

 

 

 

 

BLACKROCK MUNIHOLDINGS FUND, INC.

JULY 31, 2010

3

 

 

 

 

Schedule of Investments (continued)

BlackRock MuniHoldings Fund, Inc. (MHD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

New York Liberty Development Corp.,
Refunding RB, Second Priority, Bank
of America Tower at One Bryant Park
Project, 6.38%, 7/15/49

 

$

850

 

$

888,318

 

 

 

 

 

 

 

 

 

 

 

 

 

8,087,374

 

North Carolina — 1.0%

 

 

 

 

 

 

 

North Carolina Medical Care
Commission, RB, Duke University
Health System, Series A:

 

 

 

 

 

 

 

5.00%, 6/01/39

 

 

440

 

 

451,990

 

5.00%, 6/01/42

 

 

970

 

 

992,902

 

North Carolina Municipal Power Agency
No. 1 Catawba, Refunding RB,
Series A, 5.00%, 1/01/30

 

 

740

 

 

764,620

 

 

 

 

 

 

 

 

 

 

 

 

 

2,209,512

 

Ohio — 0.8%

 

 

 

 

 

 

 

Buckeye Tobacco Settlement Financing
Authority, RB, Asset-Backed,
Senior Series A-2, 6.50%, 6/01/47

 

 

2,160

 

 

1,675,123

 

Pennsylvania — 8.4%

 

 

 

 

 

 

 

Allegheny County Hospital
Development Authority, Refunding
RB, Health System, West Penn,
Series A, 5.38%, 11/15/40

 

 

1,510

 

 

1,120,903

 

Bucks County IDA, RB, Ann’s Choice Inc.
Facility, Series A, 6.25%, 1/01/35

 

 

1,700

 

 

1,608,540

 

Montgomery County Higher Education
& Health Authority, Refunding RB,
Abington Memorial Hospital, Series A,
5.13%, 6/01/33

 

 

820

 

 

821,386

 

Pennsylvania Economic Development
Financing Authority, RB:

 

 

 

 

 

 

 

American Water Co. Project,
6.20%, 4/01/39

 

 

2,520

 

 

2,734,124

 

Aqua Pennsylvania Inc. Project,
5.00%, 11/15/40

 

 

1,315

 

 

1,351,307

 

National Gypsum Co., Series B,
AMT, 6.13%, 11/01/27

 

 

3,500

 

 

2,985,395

 

Pennsylvania Turnpike Commission,
RB, Sub-Series B, 5.25%, 6/01/39

 

 

4,775

 

 

4,917,534

 

Philadelphia Authority for Industrial
Development, RB:

 

 

 

 

 

 

 

Arbor House Inc. Project, Series E,
6.10%, 7/01/33

 

 

1,105

 

 

1,069,220

 

Commercial Development, AMT,
7.75%, 12/01/17

 

 

725

 

 

725,856

 

Saligman House Project, Series C
(HUD), 6.10%, 7/01/33

 

 

1,245

 

 

1,204,687

 

 

 

 

 

 

 

 

 

 

 

 

 

18,538,952

 

Puerto Rico — 3.7%

 

 

 

 

 

 

 

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

 

 

2,070

 

 

2,194,469

 

Puerto Rico Industrial Medical &
Environmental Pollution Control
Facilities Financing Authority, RB,
Special Facilities, American Airlines,
Series A, 6.45%, 12/01/25

 

 

2,060

 

 

1,728,546

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Puerto Rico (concluded)

 

 

 

 

 

 

 

Puerto Rico Sales Tax Financing Corp.,
RB, First Sub-Series A, 6.50%,
8/01/44

 

$

3,860

 

$

4,278,578

 

 

 

 

 

 

 

 

 

 

 

 

 

8,201,593

 

Tennessee — 2.9%

 

 

 

 

 

 

 

Educational Funding of the South Inc.,
RB, Senior, Sub-Series B, AMT,
6.20%, 12/01/21

 

 

2,685

 

 

2,688,088

 

Hardeman County Correctional
Facilities Corp. Tennessee, RB,
7.75%, 8/01/17

 

 

3,025

 

 

2,907,086

 

Rutherford County Health &
Educational Facilities Board, RB,
Ascension Health Senior Credit
Group, 5.00%, 11/15/40

 

 

710

 

 

727,991

 

 

 

 

 

 

 

 

 

 

 

 

 

6,323,165

 

Texas — 12.7%

 

 

 

 

 

 

 

Brazos River Authority, Refunding RB,
TXU Electric Co. Project, Series C,
Mandatory Put Bonds, AMT, 5.75%,
5/01/36 (c)

 

 

2,570

 

 

2,448,670

 

Brazos River Harbor Navigation District,
Refunding RB, Dow Chemical Co.
Project, Series A7, AMT, 6.63%,
5/15/33

 

 

3,655

 

 

3,719,255

 

City of Dallas Texas, Refunding RB,
5.00%, 10/01/35

 

 

1,050

 

 

1,119,783

 

City of Houston Texas, RB, Senior Lien,
Series A, 5.50%, 7/01/39

 

 

1,070

 

 

1,148,688

 

Harris County Health Facilities
Development Corp., Refunding RB,
Memorial Hermann Healthcare
System, Series B, 7.25%, 12/01/35

 

 

1,910

 

 

2,173,332

 

La Vernia Higher Education Finance
Corp., RB, KIPP Inc., 6.38%, 8/15/44

 

 

820

 

 

844,075

 

Matagorda County Hospital District
Texas, RB (FHA), 5.00%, 2/15/35

 

 

3,750

 

 

3,713,287

 

North Texas Tollway Authority, RB, Toll,
Second Tier, Series F, 6.13%,
1/01/31

 

 

4,190

 

 

4,466,372

 

San Antonio Energy Acquisition Public
Facility Corp., RB, Gas Supply:

 

 

 

 

 

 

 

5.50%, 8/01/24

 

 

1,100

 

 

1,147,234

 

5.50%, 8/01/25

 

 

1,120

 

 

1,165,382

 

Texas Department of Housing &
Community Affairs, RB, Series A, AMT
(Ginnie Mae), 5.70%, 1/01/33

 

 

250

 

 

250,543

 

Texas Private Activity Bond Surface
Transportation Corp., RB, Senior Lien:

 

 

 

 

 

 

 

LBJ Infrastructure, 7.00%, 6/30/40

 

 

2,990

 

 

3,110,647

 

Note Mobility, 6.88%, 12/31/39

 

 

2,695

 

 

2,797,033

 

 

 

 

 

 

 

 

 

 

 

 

 

28,104,301

 

U.S. Virgin Islands — 1.6%

 

 

 

 

 

 

 

United States Virgin Islands, Refunding
RB, Senior Secured, Hovensa Coker
Project, AMT, 6.50%, 7/01/21

 

 

3,460

 

 

3,513,353

 

Utah — 1.2%

 

 

 

 

 

 

 

City of Riverton Utah, RB, IHC Health
Services Inc., 5.00%, 8/15/41

 

 

2,525

 

 

2,583,959

 

 

 

 

4

BLACKROCK MUNIHOLDINGS FUND, INC.

JULY 31, 2010

 

 

 

 

Schedule of Investments (continued)

BlackRock MuniHoldings Fund, Inc. (MHD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Vermont — 1.1%

 

 

 

 

 

 

 

Vermont Educational & Health
Buildings Financing Agency, RB,
Developmental & Mental Health,
Series A, 6.00%, 6/15/17

 

$

2,370

 

$

2,407,422

 

Virginia — 2.3%

 

 

 

 

 

 

 

Tobacco Settlement Financing Corp.
Virginia, Refunding RB,
Senior Series B1, 5.00%, 6/01/47

 

 

4,785

 

 

3,097,665

 

Virginia HDA, RB, Sub-Series H-1
(NPFGC), 5.35%, 7/01/31

 

 

2,025

 

 

2,041,524

 

 

 

 

 

 

 

 

 

 

 

 

 

5,139,189

 

Washington — 0.6%

 

 

 

 

 

 

 

Seattle Housing Authority Washington,
HRB, Replacement Housing Projects,
6.13%, 12/01/32

 

 

1,305

 

 

1,232,964

 

Wisconsin — 4.5%

 

 

 

 

 

 

 

State of Wisconsin, Refunding RB,
Series A, 6.00%, 5/01/36

 

 

4,980

 

 

5,534,175

 

Wisconsin Health & Educational
Facilities Authority, RB:

 

 

 

 

 

 

 

Ascension Health Senior Credit
Group, 5.00%, 11/15/33

 

 

1,710

 

 

1,739,258

 

New Castle Place Project, Series A,
7.00%, 12/01/31

 

 

825

 

 

823,985

 

SynergyHealth Inc., 6.00%,
11/15/32

 

 

1,755

 

 

1,806,825

 

 

 

 

 

 

 

 

 

 

 

 

 

9,904,243

 

Wyoming — 0.1%

 

 

 

 

 

 

 

Wyoming Municipal Power Agency, RB,
Series A, 5.00%, 1/01/42

 

 

210

 

 

210,851

 

Total Municipal Bonds – 116.7%

 

 

 

 

 

258,003,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (d)

 

 

 

 

 

 

 

California — 4.8%

 

 

 

 

 

 

 

Bay Area Toll Authority, Refunding RB,
San Francisco Bay Area, Series F-1,
5.63%, 4/01/44

 

 

2,270

 

 

2,482,581

 

California Educational Facilities
Authority, RB, University of Southern
California, Series A, 5.25%,
10/01/39

 

 

1,845

 

 

1,982,969

 

Los Angeles Community College District
California, GO, Election of 2001,
Series A (AGM), 5.00%, 8/01/32

 

 

1,620

 

 

1,662,315

 

San Diego Community College District
California, GO, Election of 2002,
5.25%, 8/01/33

 

 

748

 

 

797,063

 

Sequoia Union High School District
California, GO, Refunding, Election
of 2004, Series B (AGM), 5.50%,
7/01/35

 

 

3,494

 

 

3,670,345

 

 

 

 

 

 

 

 

 

 

 

 

 

10,595,273

 

Colorado — 2.6%

 

 

 

 

 

 

 

Colorado Health Facilities Authority, RB,
Catholic Health (AGM):

 

 

 

 

 

 

 

Series C-3, 5.10%, 10/01/41

 

 

2,580

 

 

2,614,391

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (d)

 

Par
(000)

 

Value

 

Colorado (concluded)

 

 

 

 

 

 

 

Colorado Health Facilities Authority, RB,
Catholic Health (AGM): (concluded)

 

 

 

 

 

 

 

Series C-7, 5.00%, 9/01/36

 

$

1,650

 

$

1,671,038

 

Colorado Health Facilities Authority,
Refunding RB, Catholic Healthcare,
Series A, 5.50%, 7/01/34

 

 

1,490

 

 

1,589,002

 

 

 

 

 

 

 

 

 

 

 

 

 

5,874,431

 

Connecticut — 3.1%

 

 

 

 

 

 

 

Connecticut State Health & Educational
Facility Authority, RB, Yale University:

 

 

 

 

 

 

 

Series T-1, 4.70%, 7/01/29

 

 

3,180

 

 

3,358,557

 

Series X-3, 4.85%, 7/01/37

 

 

3,270

 

 

3,411,951

 

 

 

 

 

 

 

 

 

 

 

 

 

6,770,508

 

Georgia — 1.1%

 

 

 

 

 

 

 

Private Colleges & Universities
Authority, Refunding RB, Emory
University, Series C, 5.00%, 9/01/38

 

 

2,259

 

 

2,383,634

 

Massachusetts — 2.4%

 

 

 

 

 

 

 

Massachusetts School Building
Authority, RB, Series A (AGM), 5.00%,
8/15/30

 

 

4,994

 

 

5,238,548

 

New Hampshire — 0.7%

 

 

 

 

 

 

 

New Hampshire Health & Education
Facilities Authority, Refunding RB,
Dartmouth College, 5.25%, 6/01/39

 

 

1,409

 

 

1,536,040

 

New York — 4.5%

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB, Series FF-2, 5.50%,
6/15/40

 

 

1,110

 

 

1,239,152

 

New York State Dormitory Authority,
ERB, Series F, 5.00%, 3/15/35

 

 

4,035

 

 

4,168,864

 

Sales Tax Asset Receivable Corp., RB,
Series A (AMBAC), 5.25%, 10/15/27

 

 

4,240

 

 

4,616,304

 

 

 

 

 

 

 

 

 

 

 

 

 

10,024,320

 

North Carolina — 0.5%

 

 

 

 

 

 

 

North Carolina Capital Facilities Finance
Agency, Refunding RB, Wake Forest
University, 5.00%, 1/01/38

 

 

1,080

 

 

1,147,003

 

Ohio — 4.6%

 

 

 

 

 

 

 

State of Ohio, Refunding RB, Cleveland
Clinic Health, Series A, 5.50%,
1/01/39

 

 

9,650

 

 

10,236,431

 

Tennessee — 1.1%

 

 

 

 

 

 

 

Shelby County Health Educational &
Housing Facilities Board, Refunding
RB, St. Jude’s Children’s Research
Hospital, 5.00%, 7/01/31

 

 

2,250

 

 

2,341,013

 

Texas — 2.2%

 

 

 

 

 

 

 

County of Harris Texas, RB, Senior Lien,
Toll Road, Series A, 5.00%, 8/15/38

 

 

4,620

 

 

4,810,852

 

Virginia — 7.8%

 

 

 

 

 

 

 

University of Virginia, Refunding RB,
General, 5.00%, 6/01/40

 

 

3,750

 

 

3,992,137

 

 

 

 

BLACKROCK MUNIHOLDINGS FUND, INC.

JULY 31, 2010

5

 

 

 

 

Schedule of Investments (concluded)

BlackRock MuniHoldings Fund, Inc. (MHD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (d)

 

Par
(000)

 

Value

 

Virginia (concluded)

 

 

 

 

 

 

 

Virginia HDA, RB, Sub-Series H-1
(NPFGC), 5.38%, 7/01/36

 

$

10,940

 

$

11,156,612

 

Virginia Small Business Financing
Authority, Refunding RB, Sentara
Healthcare, 5.00%, 11/ 01/40

 

 

2,094

 

 

2,151,223

 

 

 

 

 

 

 

 

 

 

 

 

 

17,299,972

 

Washington — 0.9%

 

 

 

 

 

 

 

Central Puget Sound Regional Transit
Authority, RB, Series A (AGM), 5.00%,
11/01/32

 

 

1,860

 

 

1,969,607

 

Wisconsin — 1.8%

 

 

 

 

 

 

 

Wisconsin Health & Educational
Facilities Authority, Refunding RB,
Froedtert & Community Health Inc.,
5.24%, 04/01/39

 

 

3,959

 

 

4,072,662

 

Total Municipal Bonds Transferred to
Tender Option Bond Trusts – 38.1%

 

 

 

 

 

84,300,294

 

Total Long-Term Investments
(Cost – $333,392,626) – 154.8%

 

 

 

 

 

342,303,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

 

 

 

FFI Institutional Tax-Exempt Fund,
0.21% (e)(f)

 

 

1,318,059

 

 

1,318,059

 

Total Short-Term Securities
(Cost – $1,318,059) – 0.6%

 

 

 

 

 

1,318,059

 

Total Investments
(Cost – $334,710,685*) – 155.4%

 

 

 

 

 

343,621,576

 

Other Assets Less Liabilities – 2.2%

 

 

 

 

 

4,775,801

 

Liability for Trust Certificates, Including Interest
Expense and Fees Payable – (19.7)%

 

 

 

 

 

(43,532,204

)

Preferred Shares, at Redemption Value – (37.9)%

 

 

 

 

 

(83,708,996

)

 

 

 

 

 

 

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

221,156,177

 

 

 

 

 

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of July 31, 2010, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

Aggregate cost

 

$

290,870,808

 

 

 

 

Gross unrealized appreciation

 

$

14,179,854

 

Gross unrealized depreciation

 

 

(4,916,655

)

 

 

 

Net unrealized appreciation

 

$

9,263,199

 

 

 

 

 

 

(a)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

 

(b)

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

 

 

(c)

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

 

 

(d)

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

 

 

(e)

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 April 30,
2010

 

Net Activity

 

Shares Held at
July 31, 2010

 

Income

 

FFI Institutional Tax-Exempt Fund

 

 

3,354,654

 

 

(2,036,595

)

 

1,318,059

 

$

1,416

 

 

 

 

(f)

Represents the current yield as of report date.

 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments, which are as follows:

 

 

 

 

•

Level 1 — 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)

 

 

 

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with 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 July 31, 2010 in determining the fair valuation of the Fund’s investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term Investments1

 

 

—

 

$

342,303,517

 

 

—

 

$

342,303,517

 

Short-Term Securities

 

$

1,318,059

 

 

—

 

 

—

 

 

1,318,059

 

Total

 

$

1,318,059

 

$

342,303,517

 

 

—

 

$

343,621,576

 

 

 

1 See above Schedule of Investments for values in each state or political subdivision.

 

 

 

6

BLACKROCK MUNIHOLDINGS FUND, INC.

JULY 31, 2010

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 Fund, Inc.

 

 
  By: /s/ Anne F. Ackerley  
    Anne F. Ackerley
    Chief Executive Officer of
    BlackRock MuniHoldings Fund, Inc.
   
  Date: September 27, 2010
   
  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/ Anne F. Ackerley  
    Anne F. Ackerley
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniHoldings Fund, Inc.
   
  Date: September 27, 2010
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniHoldings Fund, Inc.
     
  Date: September 27, 2010