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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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69 hedge funds and large institutions have $91.2M invested in BlackRock CA Municipal Income Trust in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 8

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

13% more funds holding

Funds holding: 61 → 69 (+8)

6% more capital invested

Capital invested by funds: $86.3M → $91.2M (+$4.89M)

2.02% more ownership

Funds ownership: 26.23% → 28.25% (+2%)

Holders
69
Holders Change
+8
Holders Change %
+13.11%
% of All Funds
0.84%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
18
Increased
20
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.08M
2
RCM
Robinson Capital Management
Michigan
+$6.05M
3
KIM
Karpus Investment Management
New York
+$3.11M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$2.92M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
+$1.82M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$16M
2
AAM
Advisors Asset Management
Colorado
-$1.39M
3
GC
Guggenheim Capital
Illinois
-$1.31M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$561K
5
GRP
Global Retirement Partners
California
-$317K
Name Holding Trade Value Shares
Change 		Change in
Stake
CWS
26
Cypress Wealth Services
California
$605K +$12.6K +1,159 +2%
Baird Financial Group
27
Baird Financial Group
Wisconsin
$512K +$519K +47,662 New
LSC
28
Logan Stone Capital
Illinois
$498K +$118K +10,840 +30%
M
29
MYeCFO
California
$479K +$486K +44,600 New
VCM
30
Vivaldi Capital Management
Illinois
$474K -$2.47K -227 -0.5%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$444K -$116K -10,689 -21%
DADC
32
D.A. Davidson & Co
Montana
$413K +$61.3K +5,633 +17%
PFS
33
Prospera Financial Services
Texas
$389K +$395K +36,254 New
LCM
34
Landscape Capital Management
New Jersey
$363K +$35.1K +3,226 +11%
Ameriprise
35
Ameriprise
Minnesota
$361K +$52.2K +4,790 +17%
Jane Street
36
Jane Street
New York
$342K +$347K +31,861 New
TWM
37
Tortuga Wealth Management
California
$320K +$324K +29,800 New
RAM
38
Readystate Asset Management
Illinois
$317K +$162K +14,850 +101%
DWM
39
Dakota Wealth Management
Florida
$290K +$294K +27,000 New
WS
40
Wedbush Securities
California
$256K +$112K +10,300 +76%
Cetera Investment Advisers
41
Cetera Investment Advisers
Illinois
$240K -$112K -10,315 -32%
EPW
42
Evolve Private Wealth
California
$233K +$237K +21,734 New
TSS
43
Two Sigma Securities
New York
$226K +$229K +21,018 New
RCG
44
Regatta Capital Group
California
$222K -$76 -7 -0%
Bank of Montreal
45
Bank of Montreal
Ontario, Canada
$222K +$224K +20,572 New
MIC
46
Meridian Investment Counsel
California
$220K -$59.1K -5,425 -21%
FFA
47
Farther Finance Advisors
California
$176K +$24.2K +2,225 +16%
Millennium Management
48
Millennium Management
New York
$167K – – –
CWP
49
Core Wealth Partners
California
$165K – – –
Cerity Partners
50
Cerity Partners
New York
$164K +$166K +15,271 New
1
2
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BFZ Hedge Fund Activity: Q4 2025 in Review

69 of the 8,248 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q4 2025, worth a combined $91.2M — up 5.7% from $86.3M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new BFZ positions and 8 closed out — a net gain of 10 holders — while 20 added to existing stakes and 14 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $7.08M. The largest seller was Saba Capital Management, cutting an estimated $16M.

  • 69 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q4 2025, up from 61 in Q3 2025.
  • Funds reported $91.2M of BlackRock CA Municipal Income Trust stock for Q4 2025, up 5.7% quarter-over-quarter.
  • 18 funds opened new BlackRock CA Municipal Income Trust positions in Q4 2025 and 8 closed out, a net change of +10 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q4 2025 was Rivernorth Capital Management, an estimated $7.08M added.
  • The largest BlackRock CA Municipal Income Trust seller in Q4 2025 was Saba Capital Management, an estimated $16M sold.

Based on aggregated 13F filings for Q4 2025.