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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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62 hedge funds and large institutions have $117M invested in BlackRock CA Municipal Income Trust in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

1% less capital invested

Capital invested by funds: $118M → $117M (-$1.41M)

2.25% less ownership

Funds ownership: 36.74% → 34.49% (-2.2%)

5% less funds holding

Funds holding: 65 → 62 (-3)

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
62
Holders Change
-3
Holders Change %
-4.62%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
23
Reduced
16
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$24.5M
2
LSC
Logan Stone Capital
Illinois
+$2.22M
3
GC
Guggenheim Capital
Illinois
+$958K
4
BI
Bulldog Investors
New Jersey
+$805K
5
OFG
OTA Financial Group
New York
+$588K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$31.6M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.1M
3
RCG
Regatta Capital Group
California
-$1.77M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.01M
5
MIG
Mariner Investment Group
New York
-$995K
Name Holding Trade Value Shares
Change 		Change in
Stake
QC
51
Quantedge Capital
Singapore
$124K -$293K -27,733 -71%
Jane Street
52
Jane Street
New York
$120K +$117K +11,096 New
SW
53
SteelPeak Wealth
California
$113K – – –
SG
54
Stonnington Group
California
$111K – – –
JP Morgan Chase
55
JP Morgan Chase
New York
$89K +$86.4K +8,172 +10,477%
Carson Wealth (CWM LLC)
56
Carson Wealth (CWM LLC)
Nebraska
$42K +$30.5K +2,884 +299%
AF
57
Allworth Financial
California
$40.9K – – –
Northwestern Mutual Wealth Management
58
Northwestern Mutual Wealth Management
Wisconsin
$23.9K – – –
WT
59
Whittier Trust
California
$21.5K – – –
FWM
60
Focused Wealth Management
New York
$16.2K – – –
OIA
61
Optimum Investment Advisors
Illinois
$14.1K – – –
MWM
62
Mascoma Wealth Management
New Hampshire
$7.48K – – –
Fiera Capital (Canada)
63
Fiera Capital (Canada)
Quebec, Canada
– -$2.1M -205,487 Closed
PNC Financial Services Group
64
PNC Financial Services Group
Pennsylvania
– -$1.01M -98,010 Closed
MIG
65
Mariner Investment Group
New York
– -$995K -96,770 Closed
VCM
66
Vivaldi Capital Management
Illinois
– -$512K -49,358 Closed
CWM
67
Chemistry Wealth Management
New York
– -$403K -39,180 Closed
WFA
68
Wellspring Financial Advisors
Ohio
– -$210K -20,400 Closed
Bank of Montreal
69
Bank of Montreal
Ontario, Canada
– -$176 -14,794 Closed
Mercer Global Advisors
70
Mercer Global Advisors
Colorado
– -$118K -11,497 Closed
WWM
71
Western Wealth Management
Colorado
– -$106K -10,450 Closed
CMI
72
Clare Market Investments
Texas
– -$104K -10,106 Closed
US Bancorp
73
US Bancorp
Minnesota
– -$15K -1,500 Closed
UB
74
UMB Bank
Missouri
– -$11K -1,061 Closed
FIA
75
FNY Investment Advisers
New York
– -$3K -300 Closed
1 2
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BFZ Hedge Fund Activity: Q4 2022 in Review

62 of the 6,223 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q4 2022, worth a combined $117M — down 1.2% from $118M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BFZ and 10 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 23 added.

The largest buyer was Saba Capital Management, adding an estimated $24.5M. The largest seller was Karpus Investment Management, cutting an estimated $31.6M.

  • 62 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q4 2022, down from 65 in Q3 2022.
  • Funds reported $117M of BlackRock CA Municipal Income Trust stock for Q4 2022, down 1.2% quarter-over-quarter.
  • 10 funds opened new BlackRock CA Municipal Income Trust positions in Q4 2022 and 13 closed out, a net change of -3 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q4 2022 was Saba Capital Management, an estimated $24.5M added.
  • The largest BlackRock CA Municipal Income Trust seller in Q4 2022 was Karpus Investment Management, an estimated $31.6M sold.

Based on aggregated 13F filings for Q4 2022.