BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
58 hedge funds and large institutions have $116M invested in BlackRock CA Municipal Income Trust in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 6 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 19
1.42% less ownership
Funds ownership: 38.65% → 37.24% (-1.4%)
5% less funds holding
Funds holding: 61 → 58 (-3)
16% less capital invested
Capital invested by funds: $139M → $116M (-$22.6M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$899K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$724K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$248K |
| 5 |
QL
Quarry LP
New York
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$2.37M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.33M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.89M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
-$1.44M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.09M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $40K | – | – | – |
|
|
AF
52
Allworth Financial
Folsom,
California
| $38.8K | – | – | – |
|
53
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $22.7K | – | – | – |
|
|
FWM
54
Focused Wealth Management
Newburgh,
New York
| $15.4K | – | – | – |
|
|
OIA
55
Optimum Investment Advisors
Chicago,
Illinois
| $13.4K | – | – | – |
|
56
Comerica Bank
Dallas,
Texas
| $11.9K | +$13.1K | +1,158 | New |
|
|
MWM
57
Mascoma Wealth Management
Hanover,
New Hampshire
| $7.11K | – | – | – |
|
|
FIA
58
FNY Investment Advisers
New York
| $2K | – | – | – |
|
|
AGM
59
Alpine Global Management
New York
| – | -$298K | -25,096 | Closed |
|
|
AA
60
AQR Arbitrage
Greenwich,
Connecticut
| – | -$229K | -19,298 | Closed |
|
|
SCA
61
Snowden Capital Advisors
New York
| – | -$213K | -18,000 | Closed |
|
62
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$155K | -13,064 | Closed |
|
|
NSG
63
Nalls Sherbakoff Group
Knoxville,
Tennessee
| – | -$4.62K | -400 | Closed |
|
|
EC
64
Elequin Capital
New York
| – | -$2.37K | -200 | Closed |
|
BFZ Hedge Fund Activity: Q3 2023 in Review
58 of the 6,304 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q3 2023, worth a combined $116M — down 16% from $139M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BFZ and 3 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 19 added.
The largest buyer was Saba Capital Management, adding an estimated $3.5M. The largest seller was Almitas Capital, cutting an estimated $2.37M.
- 58 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q3 2023, down from 61 in Q2 2023.
- Funds reported $116M of BlackRock CA Municipal Income Trust stock for Q3 2023, down 16% quarter-over-quarter.
- 3 funds opened new BlackRock CA Municipal Income Trust positions in Q3 2023 and 6 closed out, a net change of -3 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q3 2023 was Saba Capital Management, an estimated $3.5M added.
- The largest BlackRock CA Municipal Income Trust seller in Q3 2023 was Almitas Capital, an estimated $2.37M sold.
Based on aggregated 13F filings for Q3 2023.