"held possession of" is correct and usable in written English.
You can use it when describing someone who possesses or owns something. For example: "He held possession of the family property for many years."
Barcelona held possession of the ball for two-thirds of the game, yet directed only two shots toward goal.
For long stretches of the game, the Germans held possession of the ball, and denied the U.S. players any chance to go forward.
Both teams held possession of the ball an average of 29 minutes per game, and attempted a similar number of passes, too.
The importance of such a position was felt by every army that invaded, or held possession of this part of Croatia.
He ordered P. Sulpicius Rufus, his lieutenant, to hold possession of the harbor, with such a garrison as he thought sufficient.
But she, being wiser, recognizes during their interlude that she holds possession of only the shell of the man, of only his self-delusion; so she sends him back to his wife and his family, and they bid him welcome.
Baseball's mapping issue has been contentious for some time now, which allows franchises to hold "possession" of an area and can bar other teams from entering the market.
The Highlanders, however, were forced to pay for their rough play when Christopher Chinoo" Santana was flipped head-over-heels by a charging tackler while holding possession of the ball on a run inside the box in the 86th minute.
Currently, there are five characters on the show who own Valyrian steel: Jaime has Widow's Wail, Brienne of Tarth (Gwendoline Christie) has Oathkeeper, Jon Snow Kit Haringtonn) wields Longclaw, Sam Tarly John Bradleyy) stole Heartsbane, and now Sansa (Sophie Turner) holds possession of Littlefinger's (Aiden Gillen) steel dagger after Arya (Maisie Williams) gave it to her during the latest episode.
By game's end, Barcelona had held possession for 63 percent of the time.
