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Discover Ludwig"already holds" is a correct and usable phrase in written English.
You can use it when talking about something that has already happened or been established. For example: "His dissertation already holds a place in the annals of literary scholarship."
Exact(60)
China already holds half the American market.
William Hill already holds a commanding position.
Clement already holds the record for touchdown passes with 55.
Glencore already holds a 34% stake in Xstrata.
The company already holds a U.S. patent on the process.
The world's largest shopping centre, an accolade Dubai already holds, will open before the Expo arrives.
It is a familiar argument that already holds sway with policymakers in Europe.
Many of those people live in constituencies that your party already holds.
The US already holds the top post at the World Bank, the IMF's sister organisation.
The fund already holds $340 million in aircraft leases with the airline.
Cisco already holds a 20percentt stake in the privately held Netiverse.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com