JPMorgan Chase Bank Updates BlackRock MuniHoldings Fund Stake

TL;DR

**JPMorgan Chase Bank just updated its passive stake in BlackRock MuniHoldings Fund preferred shares.**

AI Summary

JPMorgan Chase Bank, N.A. filed an amended Schedule 13G/A on January 5, 2024, indicating its ownership of Variable Rate Muni Term Preferred Shares in BlackRock MuniHoldings Fund, Inc. as of December 20, 2023. This filing, Amendment No. 4, updates previous disclosures about JPMorgan's passive investment in the fund. For investors, this means a significant institutional holder is maintaining its position, which can be a sign of confidence in the fund's stability, particularly for those holding or considering these preferred shares.

Why It Matters

This filing shows that a major financial institution, JPMorgan Chase Bank, N.A., continues to hold a significant, albeit passive, stake in BlackRock MuniHoldings Fund, Inc., which can influence investor perception and market stability for the fund's preferred shares.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive institutional investor, indicating no significant change in strategy or ownership that would introduce new risks.

Analyst Insight

Investors holding or considering BlackRock MuniHoldings Fund, Inc.'s Variable Rate Muni Term Preferred Shares should note JPMorgan Chase Bank, N.A.'s continued passive stake, as it suggests ongoing institutional interest, but this filing alone doesn't indicate any new buying or selling activity.

Key Players & Entities

• JPMorgan Chase Bank, N.A. (company) — reporting person, institutional investor
• BlackRock MuniHoldings Fund, Inc. (company) — issuer of the securities
• Variable Rate Muni Term Preferred Shares (other) — class of securities owned by JPMorgan
• December 20, 2023 (date) — date of event requiring the filing
• January 5, 2024 (date) — filing date

FAQ

Filing Documents

• d359484dsc13ga.htm (SC 13G/A) — 31KB
• 0001193125-24-003310.txt ( ) — 33KB

(a) Name of issuer

Item 1(a) Name of issuer: BlackRock MuniHoldings Fund, Inc.

(b)

Item 1(b) Address of issuers principal executive offices: 100 Bellevue Parkway Wilmington, Delaware 19809 2(a) Name of person filing: JPMorgan Chase Bank, National Association (JPM) 2(b) Address or principal business office or, if none, residence: 1111 Polaris Parkway Columbus, OH 43240 2(c) Citizenship: United States of America 2(d) Title of class of securities: Variable Rate Muni Term Preferred Shares (VMTP Shares) 2(e) CUSIP No.: 09253N500

If this statement is filed pursuant to 240.13d1(b) or 240.13d2(b) or (c), check whether the person filing is a

Item 3. If this statement is filed pursuant to 240.13d1(b) or 240.13d2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a8); (e) An investment adviser in accordance with 240.13d1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a3); (j) A non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J); (k) Group, in accordance with 240.13d1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ____

Ownership

Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 0 (b) Percent of class: 0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of 5 Percent or Less of a Class

Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [x].

Ownership of More than 5 Percent on Behalf of Another Person

Item 6. Ownership of More than 5 Percent on Behalf of Another Person. Not applicable.

Identification and

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not Applicable

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not Applicable

Certifications

Item 10. Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 5, 2024 JPMORGAN CHASE BANK, NATIONAL ASSOCIATION By: /s/ Sean Saroya Name: Sean Saroya Title: Authorized Signatory

View Full Filing

View this SC 13G/A filing on SEC EDGAR