BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
53 hedge funds and large institutions have $97.3M invested in BlackRock CA Municipal Income Trust in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 11 closing their positions.
5.29% less ownership
Funds ownership: 35.22% → 29.93% (-5.3%)
10% less funds holding
Funds holding: 59 → 53 (-6)
16% less capital invested
Capital invested by funds: $116M → $97.3M (-$19M)
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$943K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$858K |
| 3 |
CWS
Cypress Wealth Services
Palm Desert,
California
|
+$584K |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$452K |
| 5 |
AF
Atala Financial
Calabasas,
California
|
+$310K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
IEQ Capital
Foster City,
California
|
-$14.2M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$980K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$911K |
| 4 |
Morgan Stanley
New York
|
-$689K |
| 5 |
SCM
Saba Capital Management
New York
|
-$642K |
BFZ Hedge Fund Activity: Q2 2025 in Review
53 of the 7,603 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q2 2025, worth a combined $97.3M — down 16% from $116M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BFZ and 5 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 11 added.
The largest buyer was Guggenheim Capital, adding an estimated $943K. The largest seller was IEQ Capital, cutting an estimated $14.2M.
- 53 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q2 2025, down from 59 in Q1 2025.
- Funds reported $97.3M of BlackRock CA Municipal Income Trust stock for Q2 2025, down 16% quarter-over-quarter.
- 5 funds opened new BlackRock CA Municipal Income Trust positions in Q2 2025 and 11 closed out, a net change of -6 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q2 2025 was Guggenheim Capital, an estimated $943K added.
- The largest BlackRock CA Municipal Income Trust seller in Q2 2025 was IEQ Capital, an estimated $14.2M sold.
Based on aggregated 13F filings for Q2 2025.