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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 $126M invested in BlackRock CA Municipal Income Trust in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 20 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

6% more capital invested

Capital invested by funds: $118M → $126M (+$7.54M)

3% more funds holding

Funds holding: 59 → 61 (+2)

1.81% more ownership

Funds ownership: 28.35% → 30.16% (+1.8%)

20% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 20

Holders
61
Holders Change
+2
Holders Change %
+3.39%
% 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
16
Reduced
20
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$10.2M
2
RCM
Rivernorth Capital Management
Florida
+$2.23M
3
VPIM
Vanguard Personalized Indexing Management
California
+$1.63M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$984K
5
GC
Guggenheim Capital
Illinois
+$646K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$3.92M
2
RCM
Robinson Capital Management
Michigan
-$2.32M
3
AWS
AJ Wealth Strategies
New York
-$739K
4
SCM
Saba Capital Management
New York
-$539K
5
FFA
First Foundation Advisors
California
-$481K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
$115K – – –
Rockefeller Capital Management
52
Rockefeller Capital Management
New York
$80K – – –
TIM
53
Tortoise Investment Management
New York
$67K +$68.9K +5,100 New
AF
54
Allworth Financial
California
$33K – – –
Northwestern Mutual Wealth Management
55
Northwestern Mutual Wealth Management
Wisconsin
$29K – – –
RFA
56
Reilly Financial Advisors
California
$26K – – –
WT
57
Whittier Trust
California
$26K – – –
FWM
58
Focused Wealth Management
New York
$20K – – –
OIA
59
Optimum Investment Advisors
Illinois
$17K – – –
SPIA
60
Steward Partners Investment Advisory
New York
$14K – – –
PAM
61
Panagora Asset Management
Massachusetts
$5K – – –
RCM
62
Robinson Capital Management
Michigan
– -$2.32M -176,297 Closed
AWS
63
AJ Wealth Strategies
New York
– -$739K -56,107 Closed
BCA
64
Biltmore Capital Advisors
New Jersey
– -$158K -11,985 Closed
SFS
65
Sowell Financial Services
Arkansas
– -$99K -7,531 Closed
JPLA
66
Joseph P. Lucia & Associates
New York
– -$51K -3,850 Closed
1 2
3

BFZ Hedge Fund Activity: Q3 2020 in Review

61 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q3 2020, worth a combined $126M — up 6.4% from $118M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new BFZ positions and 5 closed out — a net gain of 2 holders — while 16 added to existing stakes and 20 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $10.2M. The largest seller was Sit Investment Associates, cutting an estimated $3.92M.

  • 61 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q3 2020, up from 59 in Q2 2020.
  • Funds reported $126M of BlackRock CA Municipal Income Trust stock for Q3 2020, up 6.4% quarter-over-quarter.
  • 7 funds opened new BlackRock CA Municipal Income Trust positions in Q3 2020 and 5 closed out, a net change of +2 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q3 2020 was Karpus Investment Management, an estimated $10.2M added.
  • The largest BlackRock CA Municipal Income Trust seller in Q3 2020 was Sit Investment Associates, an estimated $3.92M sold.

Based on aggregated 13F filings for Q3 2020.