BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
53 hedge funds and large institutions have $86.3M invested in BlackRock CA Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 12 reducing their positions, and 9 closing their positions.
108% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 12
10% more capital invested
Capital invested by funds: $78.6M → $86.3M (+$7.66M)
0.5% more ownership
Funds ownership: 20.59% → 21.09% (+0.5%)
7% less funds holding
Funds holding: 57 → 53 (-4)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$2.32M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.96M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.36M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$919K |
| 5 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$755K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.15M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.96M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$867K |
| 4 |
SCM
Saba Capital Management
New York
|
-$691K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$607K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
51
IFP Advisors
Tampa,
Florida
| $5K | -$70.3K | -5,590 | -94% |
|
|
FIA
52
FNY Investment Advisers
New York
| $2K | +$2.68K | +213 | New |
|
|
ACA
53
Ackerman Capital Advisors
Dallas,
Texas
| $131 | +$129K | +10,214 | New |
|
|
CRC
54
Curi RMB Capital
Chicago,
Illinois
| – | -$867K | -72,401 | Closed |
|
55
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$246K | -20,574 | Closed |
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$245K | -20,475 | Closed |
|
57
Millennium Management
New York
| – | -$233K | -19,461 | Closed |
|
|
TSS
58
Two Sigma Securities
New York
| – | -$202K | -16,834 | Closed |
|
59
Citadel Advisors
Miami,
Florida
| – | -$182K | -15,230 | Closed |
|
|
RJFSA
60
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$134K | -11,197 | Closed |
|
|
GWM
61
Geneos Wealth Management
Englewood,
Colorado
| – | -$5K | -446 | Closed |
|
|
MOS
62
MGO One Seven
Beachwood,
Ohio
| – | -$5K | -435 | Closed |
|
BFZ Hedge Fund Activity: Q1 2019 in Review
53 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q1 2019, worth a combined $86.3M — up 9.7% from $78.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BFZ and 6 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 25 added.
The largest buyer was Almitas Capital, adding an estimated $2.32M. The largest seller was Fiera Capital (Canada), cutting an estimated $2.15M.
- 53 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q1 2019, down from 57 in Q4 2018.
- Funds reported $86.3M of BlackRock CA Municipal Income Trust stock for Q1 2019, up 9.7% quarter-over-quarter.
- 6 funds opened new BlackRock CA Municipal Income Trust positions in Q1 2019 and 9 closed out, a net change of -3 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q1 2019 was Almitas Capital, an estimated $2.32M added.
- The largest BlackRock CA Municipal Income Trust seller in Q1 2019 was Fiera Capital (Canada), an estimated $2.15M sold.
Based on aggregated 13F filings for Q1 2019.