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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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57 hedge funds and large institutions have $141M invested in BlackRock CA Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more capital invested

Capital invested by funds: $116M → $141M (+$24.7M)

1.39% more ownership

Funds ownership: 37.24% → 38.63% (+1.4%)

2% less funds holding

Funds holding: 58 → 57 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

37% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 19

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
57
Holders Change
-1
Holders Change %
-1.72%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
8
Increased
12
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$6.29M
2
SIA
Sit Investment Associates
Minnesota
+$4.18M
3
Morgan Stanley
Morgan Stanley
New York
+$3.76M
4
UBS Group
UBS Group
Switzerland
+$778K
5
KIM
Karpus Investment Management
New York
+$505K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.36M
2
1CP
1607 Capital Partners
Virginia
-$3.26M
3
COLIM
City of London Investment Management
United Kingdom
-$875K
4
WP
Woodline Partners
California
-$772K
5
BI
Bulldog Investors
New Jersey
-$697K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cetera Investment Advisers
26
Cetera Investment Advisers
Illinois
$458K +$11.5K +1,059 +3%
CCP
27
Clough Capital Partners
Massachusetts
$415K – – –
QL
28
Quarry LP
New York
$415K – – –
NWM
29
Napa Wealth Management
California
$380K +$343K +31,614 New
LCM
30
Landscape Capital Management
New Jersey
$367K +$331K +30,537 New
DI
31
Diligent Investors
California
$334K – – –
SIA
32
SkyView Investment Advisors
New Jersey
$270K -$53.1K -4,900 -18%
HI
33
HBK Investments
Texas
$249K – – –
Ameriprise
34
Ameriprise
Minnesota
$246K +$5.15K +475 +2%
SPIA
35
Steward Partners Investment Advisory
New York
$239K – – –
TJHA
36
Thomas J. Herzfeld Advisors
Florida
$227K +$204K +18,830 New
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$204K +$293 +27 +0.2%
Millennium Management
38
Millennium Management
New York
$187K – – –
CA
39
Cetera Advisors
Colorado
$185K -$70.4K -6,497 -30%
CWP
40
Core Wealth Partners
California
$184K – – –
Stifel Financial
41
Stifel Financial
Missouri
$164K -$40.4K -3,724 -21%
JP Morgan Chase
42
JP Morgan Chase
New York
$155K +$139K +12,866 New
Osaic Holdings
43
Osaic Holdings
Arizona
$140K -$61.1K -5,634 -33%
Bank of America
44
Bank of America
North Carolina
$139K -$256K -23,581 -67%
IWC
45
Integrated Wealth Concepts
Massachusetts
$131K – – –
PCIA
46
Prime Capital Investment Advisors
Kansas
$120K – – –
GRP
47
Global Retirement Partners
California
$119K -$238K -22,000 -68%
TC
48
Truvestments Capital
Florida
$95.8K +$86.3K +7,960 New
Carson Wealth (CWM LLC)
49
Carson Wealth (CWM LLC)
Nebraska
$46K – – –
AF
50
Allworth Financial
California
$45.4K – – –
1
2
3

BFZ Hedge Fund Activity: Q4 2023 in Review

57 of the 6,863 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q4 2023, worth a combined $141M — up 21% from $116M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of BFZ and 8 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 12 added.

The largest buyer was Saba Capital Management, adding an estimated $6.29M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.36M.

  • 57 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q4 2023, down from 58 in Q3 2023.
  • Funds reported $141M of BlackRock CA Municipal Income Trust stock for Q4 2023, up 21% quarter-over-quarter.
  • 8 funds opened new BlackRock CA Municipal Income Trust positions in Q4 2023 and 9 closed out, a net change of -1 holder.
  • The largest BlackRock CA Municipal Income Trust buyer in Q4 2023 was Saba Capital Management, an estimated $6.29M added.
  • The largest BlackRock CA Municipal Income Trust seller in Q4 2023 was Rivernorth Capital Management, an estimated $3.36M sold.

Based on aggregated 13F filings for Q4 2023.