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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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62 hedge funds and large institutions have $117M invested in BlackRock CA Municipal Income Trust in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

1% less capital invested

Capital invested by funds: $118M → $117M (-$1.41M)

2.25% less ownership

Funds ownership: 36.74% → 34.49% (-2.2%)

5% less funds holding

Funds holding: 65 → 62 (-3)

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
62
Holders Change
-3
Holders Change %
-4.62%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
23
Reduced
16
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$24.5M
2
LSC
Logan Stone Capital
Illinois
+$2.22M
3
GC
Guggenheim Capital
Illinois
+$958K
4
BI
Bulldog Investors
New Jersey
+$805K
5
OFG
OTA Financial Group
New York
+$588K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$31.6M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.1M
3
RCG
Regatta Capital Group
California
-$1.77M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.01M
5
MIG
Mariner Investment Group
New York
-$995K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$448K +$69.5K +6,575 +19%
WAM
27
Weiss Asset Management
Massachusetts
$447K +$437K +41,280 New
Millennium Management
28
Millennium Management
New York
$413K +$404K +38,152 New
Cetera Investment Advisers
29
Cetera Investment Advisers
Illinois
$392K +$6.08K +575 +2%
LPL Financial
30
LPL Financial
California
$369K +$77.2K +7,303 +27%
ACP
31
Aviance Capital Partners
Florida
$321K -$99.7K -9,424 -24%
DI
32
Diligent Investors
California
$300K – – –
LCM
33
Landscape Capital Management
New Jersey
$299K +$292K +27,607 New
BRWA
34
B. Riley Wealth Advisors
Florida
$298K +$291K +27,503 New
TIM
35
Tortoise Investment Management
New York
$289K -$111K -10,500 -28%
Ameriprise
36
Ameriprise
Minnesota
$230K – – –
Stifel Financial
37
Stifel Financial
Missouri
$220K +$1.48K +140 +0.7%
CA
38
Cetera Advisors
Colorado
$200K – – –
Osaic Holdings
39
Osaic Holdings
Arizona
$196K -$70K -6,621 -27%
CAPTRUST Financial Advisors
40
CAPTRUST Financial Advisors
North Carolina
$195K +$21.3K +2,018 +13%
SCA
41
Snowden Capital Advisors
New York
$195K -$116K -11,000 -38%
SPIA
42
Steward Partners Investment Advisory
New York
$188K +$22.2K +2,100 +14%
GRP
43
Global Retirement Partners
California
$186K +$106K +10,024 +140%
Commonwealth Equity Services
44
Commonwealth Equity Services
Massachusetts
$182K -$1.27K -120 -0.7%
RPCA
45
Running Point Capital Advisors
California
$162K – – –
MA
46
MKT Advisors
California
$156K – – –
RJA
47
Raymond James & Associates
Florida
$138K -$106K -10,000 -44%
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$130K +$508 +48 +0.4%
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$126K +$123K +11,622 New
FFA
50
First Foundation Advisors
California
$125K +$122K +11,547 New
1
2
3

BFZ Hedge Fund Activity: Q4 2022 in Review

62 of the 6,223 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q4 2022, worth a combined $117M — down 1.2% from $118M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BFZ and 10 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 23 added.

The largest buyer was Saba Capital Management, adding an estimated $24.5M. The largest seller was Karpus Investment Management, cutting an estimated $31.6M.

  • 62 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q4 2022, down from 65 in Q3 2022.
  • Funds reported $117M of BlackRock CA Municipal Income Trust stock for Q4 2022, down 1.2% quarter-over-quarter.
  • 10 funds opened new BlackRock CA Municipal Income Trust positions in Q4 2022 and 13 closed out, a net change of -3 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q4 2022 was Saba Capital Management, an estimated $24.5M added.
  • The largest BlackRock CA Municipal Income Trust seller in Q4 2022 was Karpus Investment Management, an estimated $31.6M sold.

Based on aggregated 13F filings for Q4 2022.