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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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61 hedge funds and large institutions have $86.3M invested in BlackRock CA Municipal Income Trust in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

31% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 13

15% more funds holding

Funds holding: 53 → 61 (+8)

3.7% less ownership

Funds ownership: 29.93% → 26.23% (-3.7%)

11% less capital invested

Capital invested by funds: $97.3M → $86.3M (-$10.9M)

Holders
61
Holders Change
+8
Holders Change %
+15.09%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
17
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.17M
2
RCM
Rivernorth Capital Management
Florida
+$3.48M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
+$2.15M
4
IC
IEQ Capital
California
+$781K
5
WAM
Wolverine Asset Management
Illinois
+$775K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$20.5M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.41M
3
RCM
Robinson Capital Management
Michigan
-$2.11M
4
LCM
Landscape Capital Management
New Jersey
-$584K
5
AIA
Absolute Investment Advisers
Florida
-$373K
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
26
D.A. Davidson & Co
Montana
$359K +$8.26K +776 +2%
Cetera Investment Advisers
27
Cetera Investment Advisers
Illinois
$358K +$245 +23 +0.1%
LCM
28
Landscape Capital Management
New Jersey
$334K -$584K -54,902 -64%
GRP
29
Global Retirement Partners
California
$317K +$102K +9,585 +49%
Ameriprise
30
Ameriprise
Minnesota
$316K -$82.8K -7,786 -21%
MIC
31
Meridian Investment Counsel
California
$284K -$34.6K -3,250 -11%
RCG
32
Regatta Capital Group
California
$226K -$3.63K -341 -2%
AFA
33
Arlington Financial Advisors
California
$219K +$213K +20,000 New
Bank of New York Mellon
34
Bank of New York Mellon
New York
$187K +$182K +17,119 New
Millennium Management
35
Millennium Management
New York
$170K – – –
CWP
36
Core Wealth Partners
California
$168K – – –
RAM
37
Readystate Asset Management
Illinois
$160K +$156K +14,642 New
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$159K -$58.3K -5,478 -27%
SPIA
39
Steward Partners Investment Advisory
New York
$158K +$8.51K +800 +6%
FFA
40
Farther Finance Advisors
California
$156K -$10.6K -1,000 -7%
WS
41
Wedbush Securities
California
$148K +$144K +13,500 New
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
$133K +$129K +12,145 New
Osaic Holdings
43
Osaic Holdings
Arizona
$132K +$128K +12,000 +1,974%
DACS
44
Dymon Asia Capital (Singapore)
Singapore
$131K – – –
NWM
45
Napa Wealth Management
California
$125K – – –
GSWM
46
Golden State Wealth Management
California
$116K – – –
FFA
47
First Foundation Advisors
California
$111K +$108K +10,126 New
SRC
48
Shufro Rose & Co
New York
$110K – – –
PCIA
49
Prime Capital Investment Advisors
Kansas
$110K – – –
Carson Wealth (CWM LLC)
50
Carson Wealth (CWM LLC)
Nebraska
$67K – – –
1
2
3

BFZ Hedge Fund Activity: Q3 2025 in Review

61 of the 7,630 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q3 2025, worth a combined $86.3M — down 11% from $97.3M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BFZ positions and 6 closed out — a net gain of 8 holders — while 17 added to existing stakes and 13 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5.17M. The largest seller was Saba Capital Management, cutting an estimated $20.5M.

  • 61 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q3 2025, up from 53 in Q2 2025.
  • Funds reported $86.3M of BlackRock CA Municipal Income Trust stock for Q3 2025, down 11% quarter-over-quarter.
  • 14 funds opened new BlackRock CA Municipal Income Trust positions in Q3 2025 and 6 closed out, a net change of +8 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q3 2025 was Morgan Stanley, an estimated $5.17M added.
  • The largest BlackRock CA Municipal Income Trust seller in Q3 2025 was Saba Capital Management, an estimated $20.5M sold.

Based on aggregated 13F filings for Q3 2025.