Normally, we say "They are in a three-way tie" or "The team is in second place".
Student or Learner
I have a question about the usage of the verb "hold". The following usage of "hold" could be found on the web:
1. "They hold a three-way tie at the moment."
2. "The team is holding second place."
But dictionaries don't seem to have definitions that fit the above usages. Could these usages be wrong?