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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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59 hedge funds and large institutions have $116M invested in BlackRock CA Municipal Income Trust in 2025 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 7 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

186% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 7

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

13% more capital invested

Capital invested by funds: $103M → $116M (+$13M)

4.56% more ownership

Funds ownership: 30.67% → 35.22% (+4.6%)

2% more funds holding

Funds holding: 58 → 59 (+1)

Holders
59
Holders Change
+1
Holders Change %
+1.72%
% of All Funds
0.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
20
Reduced
7
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
IC
IEQ Capital
California
+$15M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.53M
3
LCM
Landscape Capital Management
New Jersey
+$1.13M
4
AF
Atala Financial
California
+$1.11M
5
LSC
Logan Stone Capital
Illinois
+$933K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$5.03M
2
COLIM
City of London Investment Management
United Kingdom
-$3.59M
3
HWAM
Hennion & Walsh Asset Management
New Jersey
-$349K
4
AA
Apriem Advisors
California
-$246K
5
MG
Marex Group
-$236K
Name Holding Trade Value Shares
Change 		Change in
Stake
VCM
26
Vivaldi Capital Management
Illinois
$487K +$202 +18 +0%
Raymond James Financial
27
Raymond James Financial
Florida
$480K -$39.3K -3,500 -7%
Fisher Asset Management
28
Fisher Asset Management
Washington
$435K +$445K +39,619 New
SIA
29
Sit Investment Associates
Minnesota
$425K – – –
AIA
30
Absolute Investment Advisers
Florida
$379K – – –
QL
31
Quarry LP
New York
$379K – – –
DADC
32
D.A. Davidson & Co
Montana
$376K +$384K +34,199 New
RAM
33
Readystate Asset Management
Illinois
$344K -$80.9K -7,194 -19%
MIC
34
Meridian Investment Counsel
California
$321K -$28.1K -2,500 -8%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$252K +$225 +20 +0.1%
RCG
36
Regatta Capital Group
California
$231K – – –
SPIA
37
Steward Partners Investment Advisory
New York
$216K – – –
Millennium Management
38
Millennium Management
New York
$171K – – –
FFA
39
Farther Finance Advisors
California
$169K +$12.6K +1,122 +8%
CWP
40
Core Wealth Partners
California
$168K – – –
NBWM
41
North Berkeley Wealth Management
California
$166K – – –
Stifel Financial
42
Stifel Financial
Missouri
$148K +$151K +13,467 New
Susquehanna International Group
43
Susquehanna International Group
Pennsylvania
$142K +$8.28K +737 +6%
NWM
44
Napa Wealth Management
California
$141K -$8.85K -787 -6%
GSWM
45
Golden State Wealth Management
California
$116K – – –
PCIA
46
Prime Capital Investment Advisors
Kansas
$110K – – –
SRC
47
Shufro Rose & Co
New York
$110K +$112K +10,000 New
EC
48
Elequin Capital
New York
$75.4K +$24.7K +2,200 +47%
Carson Wealth (CWM LLC)
49
Carson Wealth (CWM LLC)
Nebraska
$68K – – –
AF
50
Allworth Financial
California
$40.1K – – –
1
2
3

BFZ Hedge Fund Activity: Q1 2025 in Review

59 of the 7,463 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q1 2025, worth a combined $116M — up 13% from $103M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BFZ positions and 10 closed out — a net gain of 2 holders — while 20 added to existing stakes and 7 trimmed.

The largest buyer was IEQ Capital, opening a new position worth an estimated $15M. The largest seller was Saba Capital Management, cutting an estimated $5.03M.

  • 59 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q1 2025, up from 58 in Q4 2024.
  • Funds reported $116M of BlackRock CA Municipal Income Trust stock for Q1 2025, up 13% quarter-over-quarter.
  • 12 funds opened new BlackRock CA Municipal Income Trust positions in Q1 2025 and 10 closed out, a net change of +2 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q1 2025 was IEQ Capital, an estimated $15M added.
  • The largest BlackRock CA Municipal Income Trust seller in Q1 2025 was Saba Capital Management, an estimated $5.03M sold.

Based on aggregated 13F filings for Q1 2025.