BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
59 hedge funds and large institutions have $118M invested in BlackRock CA Municipal Income Trust in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
14% more capital invested
Capital invested by funds: $104M → $118M (+$14.7M)
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
5% more funds holding
Funds holding: 56 → 59 (+3)
2.74% more ownership
Funds ownership: 25.61% → 28.35% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.78M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.14M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$3.1M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.56M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$698K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.87M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$866K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$725K |
| 4 |
GI
Glovista Investments
Jersey City,
New Jersey
|
-$508K |
| 5 |
Goldman Sachs
New York
|
-$427K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JPLA
51
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| $51K | – | – | – |
|
|
AF
52
Allworth Financial
Folsom,
California
| $33K | – | – | – |
|
53
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $29K | – | – | – |
|
|
RFA
54
Reilly Financial Advisors
La Mesa,
California
| $26K | – | – | – |
|
|
WT
55
Whittier Trust
South Pasadena,
California
| $26K | – | – | – |
|
|
FWM
56
Focused Wealth Management
Newburgh,
New York
| $20K | – | – | – |
|
|
OIA
57
Optimum Investment Advisors
Chicago,
Illinois
| $17K | – | – | – |
|
|
SPIA
58
Steward Partners Investment Advisory
New York
| $14K | – | – | – |
|
|
PAM
59
Panagora Asset Management
Boston,
Massachusetts
| $5K | – | – | – |
|
|
AC
60
Almitas Capital
Santa Monica,
California
| – | -$866K | -68,255 | Closed |
|
|
GI
61
Glovista Investments
Jersey City,
New Jersey
| – | -$508K | -40,000 | Closed |
|
|
62
Goldman Sachs
New York
| – | -$427K | -33,657 | Closed |
|
|
FIA
63
FNY Investment Advisers
New York
| – | -$98K | -7,728 | Closed |
|
BFZ Hedge Fund Activity: Q2 2020 in Review
59 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q2 2020, worth a combined $118M — up 14% from $104M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BFZ positions and 4 closed out — a net gain of 3 holders — while 18 added to existing stakes and 16 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.78M. The largest seller was Saba Capital Management, cutting an estimated $4.87M.
- 59 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q2 2020, up from 56 in Q1 2020.
- Funds reported $118M of BlackRock CA Municipal Income Trust stock for Q2 2020, up 14% quarter-over-quarter.
- 7 funds opened new BlackRock CA Municipal Income Trust positions in Q2 2020 and 4 closed out, a net change of +3 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q2 2020 was Rivernorth Capital Management, an estimated $5.78M added.
- The largest BlackRock CA Municipal Income Trust seller in Q2 2020 was Saba Capital Management, an estimated $4.87M sold.
Based on aggregated 13F filings for Q2 2020.