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BFZ

BlackRock CA Municipal Income Trust
BFZ

Delisted

BFZ was delisted on the 6th of February, 2026.

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56 hedge funds and large institutions have $104M invested in BlackRock CA Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 11 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

127% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 11

6% more capital invested

Capital invested by funds: $98.2M → $104M (+$5.53M)

2.92% more ownership

Funds ownership: 22.69% → 25.61% (+2.9%)

8% less funds holding

Funds holding: 61 → 56 (-5)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
56
Holders Change
-5
Holders Change %
-8.2%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
25
Reduced
11
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$7.66M
2
SCM
Saba Capital Management
New York
+$5.63M
3
1CP
1607 Capital Partners
Virginia
+$3.21M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$805K
5
VCM
Vivaldi Capital Management
Illinois
+$608K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.1M
2
WAM
Wolverine Asset Management
Illinois
-$1.55M
3
RCM
Robinson Capital Management
Michigan
-$1.35M
4
LCM
Landscape Capital Management
New Jersey
-$916K
5
GC
Guggenheim Capital
Illinois
-$771K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$562K +$78.4K +5,790 +15%
ACA
27
Ackerman Capital Advisors
Texas
$561K +$311K +22,974 +108%
AA
28
AQR Arbitrage
Connecticut
$559K +$597K +44,062 New
TJHA
29
Thomas J. Herzfeld Advisors
Florida
$540K +$457K +33,767 +386%
Cetera Investment Advisers
30
Cetera Investment Advisers
Illinois
$532K +$27 +2 +0%
GI
31
Glovista Investments
New Jersey
$508K – – –
ACP
32
Aviance Capital Partners
Florida
$490K +$7.35K +543 +1%
Goldman Sachs
33
Goldman Sachs
New York
$427K +$300K +22,155 +193%
DADC
34
D.A. Davidson & Co
Montana
$357K +$81.3K +6,006 +27%
Walleye Capital
35
Walleye Capital
New York
$324K +$63.6K +4,700 +23%
Ameriprise
36
Ameriprise
Minnesota
$305K +$62.6K +4,623 +24%
WS
37
Wedbush Securities
California
$282K – – –
HFA
38
Hoover Financial Advisors
Pennsylvania
$275K +$294K +21,707 New
MC
39
Matisse Capital
Oregon
$257K +$274K +20,240 New
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$210K +$41 +3 +0%
CAN
41
Cetera Advisor Networks
California
$185K +$197K +14,557 New
BCA
42
Biltmore Capital Advisors
New Jersey
$152K +$25.6K +1,890 +19%
LNWWM
43
Laird Norton Wetherby Wealth Management
California
$145K +$155K +11,464 New
SW
44
SteelPeak Wealth
California
$132K – – –
Bank of Montreal
45
Bank of Montreal
Ontario, Canada
$113K +$103K +7,591 +416%
FIA
46
FNY Investment Advisers
New York
$98K +$105K +7,728 New
SFS
47
Sowell Financial Services
Arkansas
$96K – – –
JPLA
48
Joseph P. Lucia & Associates
New York
$49K – – –
AF
49
Allworth Financial
California
$32K – – –
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$28K – – –
1
2
3

BFZ Hedge Fund Activity: Q1 2020 in Review

56 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q1 2020, worth a combined $104M — up 5.6% from $98.2M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BFZ and 7 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 25 added.

The largest buyer was Karpus Investment Management, adding an estimated $7.66M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.1M.

  • 56 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q1 2020, down from 61 in Q4 2019.
  • Funds reported $104M of BlackRock CA Municipal Income Trust stock for Q1 2020, up 5.6% quarter-over-quarter.
  • 7 funds opened new BlackRock CA Municipal Income Trust positions in Q1 2020 and 10 closed out, a net change of -3 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $7.66M added.
  • The largest BlackRock CA Municipal Income Trust seller in Q1 2020 was Rivernorth Capital Management, an estimated $2.1M sold.

Based on aggregated 13F filings for Q1 2020.