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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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56 hedge funds and large institutions have $104M invested in BlackRock CA Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 11 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

127% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 11

6% more capital invested

Capital invested by funds: $98.2M → $104M (+$5.53M)

2.92% more ownership

Funds ownership: 22.69% → 25.61% (+2.9%)

8% less funds holding

Funds holding: 61 → 56 (-5)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
56
Holders Change
-5
Holders Change %
-8.2%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
25
Reduced
11
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$7.66M
2
SCM
Saba Capital Management
New York
+$5.63M
3
1CP
1607 Capital Partners
Virginia
+$3.21M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$805K
5
VCM
Vivaldi Capital Management
Illinois
+$608K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.1M
2
WAM
Wolverine Asset Management
Illinois
-$1.55M
3
RCM
Robinson Capital Management
Michigan
-$1.35M
4
LCM
Landscape Capital Management
New Jersey
-$916K
5
GC
Guggenheim Capital
Illinois
-$771K
Name Holding Trade Value Shares
Change 		Change in
Stake
RFA
51
Reilly Financial Advisors
California
$25K -$28.8K -2,124 -51%
WT
52
Whittier Trust
California
$25K – – –
FWM
53
Focused Wealth Management
New York
$19K – – –
OIA
54
Optimum Investment Advisors
Illinois
$16K – – –
SPIA
55
Steward Partners Investment Advisory
New York
$13K – – –
PAM
56
Panagora Asset Management
Massachusetts
$5K +$1.06K +78 +24%
WAM
57
Wolverine Asset Management
Illinois
– -$1.55M -114,345 Closed
LCM
58
Landscape Capital Management
New Jersey
– -$916K -67,548 Closed
MIG
59
Mariner Investment Group
New York
– -$614K -45,255 Closed
SMH
60
Sanders Morris Harris
Texas
– -$425K -31,500 Closed
Jane Street
61
Jane Street
New York
– -$356K -26,272 Closed
CA
62
Cetera Advisors
Colorado
– -$223K -16,478 Closed
VIM
63
Vista Investment Management
Pennsylvania
– -$209K -15,385 Closed
BCM
64
Blume Capital Management
California
– -$40K -3,000 Closed
AF
65
Advisornet Financial
Minnesota
– -$17K -1,238 Closed
JP Morgan Chase
66
JP Morgan Chase
New York
– -$9K -665 Closed
1 2
3

BFZ Hedge Fund Activity: Q1 2020 in Review

56 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q1 2020, worth a combined $104M — up 5.6% from $98.2M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BFZ and 7 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 25 added.

The largest buyer was Karpus Investment Management, adding an estimated $7.66M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.1M.

  • 56 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q1 2020, down from 61 in Q4 2019.
  • Funds reported $104M of BlackRock CA Municipal Income Trust stock for Q1 2020, up 5.6% quarter-over-quarter.
  • 7 funds opened new BlackRock CA Municipal Income Trust positions in Q1 2020 and 10 closed out, a net change of -3 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $7.66M added.
  • The largest BlackRock CA Municipal Income Trust seller in Q1 2020 was Rivernorth Capital Management, an estimated $2.1M sold.

Based on aggregated 13F filings for Q1 2020.