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"hold its place" is a grammatically correct and commonly used phrase in written English.
It means to remain in a specific position or role, and can be used in various contexts. Here are a few examples: 1. "The old building still holds its place in the heart of the city, despite the surrounding modern skyscrapers." 2. "Her family's ancestral tradition continues to hold its place in her life, even though she now lives in a different country." 3. "The veteran player's experience and skills held its place on the team, even as younger players were brought in." 4. "The data suggests that technology has significantly shifted how marketing strategies hold their place in the business world." 5. "As a historical landmark, the statue holds its place as a symbol of the city's rich history."
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It will hold its place among them.
The orchestra may have to draw on a wider array of talent if it is to hold its place at the pinnacle.
Despite what Baudrillard might have called its "crazy verticality", Nouvel's aspirations for 53W53, scheduled for completion in fall 2018, sound almost modest: "It's going to try to hold its place," he says.
The Catcher in the Rye continues to hold its place as the defining novel of teenage angst and alienation.
I certainly feel, as this post makes clear, that informed comment by professional critics needs to hold its place in the current cultural milieu.
Paul Lukacs's selection of 40 American wines can certainly hold its place against foreign competition.Yet there is a difference, one that can perhaps be summed up as art versus science.
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Forty years on, it holds its place in rock legend – in 2006, it topped Q's list of great live albums.
It holds its place in the sales mix.
Reproduced the following year for the journal Camera Work in tones of deep verdigris, it holds its place among the crucial representations of New York, thanks to a magnificent visual bigotry: impatient of the simple need to capture a view, Steichen chooses to imprison Broadway in the gloom of his imaginings — an oddly thrilling gloom, it must be said, with barely a trace of the morbid.
Though the cover is loose, it holds its place well, and hasn't slid down when being moved around.
Public demand brought the event back the next year, and it has held its place in the Westchester cultural firmament ever since.
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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