BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
57 hedge funds and large institutions have $141M invested in BlackRock CA Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 19 reducing their positions, and 9 closing their positions.
21% more capital invested
Capital invested by funds: $116M → $141M (+$24.7M)
1.39% more ownership
Funds ownership: 37.24% → 38.63% (+1.4%)
2% less funds holding
Funds holding: 58 → 57 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
37% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.29M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.18M |
| 3 |
Morgan Stanley
New York
|
+$3.76M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$778K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$505K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.36M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.26M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$875K |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
-$772K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$697K |
BFZ Hedge Fund Activity: Q4 2023 in Review
57 of the 6,863 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q4 2023, worth a combined $141M — up 21% from $116M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BFZ and 8 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 12 added.
The largest buyer was Saba Capital Management, adding an estimated $6.29M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.36M.
- 57 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q4 2023, down from 58 in Q3 2023.
- Funds reported $141M of BlackRock CA Municipal Income Trust stock for Q4 2023, up 21% quarter-over-quarter.
- 8 funds opened new BlackRock CA Municipal Income Trust positions in Q4 2023 and 9 closed out, a net change of -1 holder.
- The largest BlackRock CA Municipal Income Trust buyer in Q4 2023 was Saba Capital Management, an estimated $6.29M added.
- The largest BlackRock CA Municipal Income Trust seller in Q4 2023 was Rivernorth Capital Management, an estimated $3.36M sold.
Based on aggregated 13F filings for Q4 2023.