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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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53 hedge funds and large institutions have $97.3M invested in BlackRock CA Municipal Income Trust in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.29% less ownership

Funds ownership: 35.22% → 29.93% (-5.3%)

10% less funds holding

Funds holding: 59 → 53 (-6)

16% less capital invested

Capital invested by funds: $116M → $97.3M (-$19M)

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Holders
53
Holders Change
-6
Holders Change %
-10.17%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
11
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$943K
2
AAM
Advisors Asset Management
Colorado
+$858K
3
CWS
Cypress Wealth Services
California
+$584K
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$452K
5
AF
Atala Financial
California
+$310K

Top Sellers

Rank Fund Capital Flow
1
IC
IEQ Capital
California
-$14.2M
2
WAM
Wolverine Asset Management
Illinois
-$980K
3
LSC
Logan Stone Capital
Illinois
-$911K
4
Morgan Stanley
Morgan Stanley
New York
-$689K
5
SCM
Saba Capital Management
New York
-$642K
Name Holding Trade Value Shares
Change 		Change in
Stake
BBPWM
51
Blue Bell Private Wealth Management
Pennsylvania
$5.41K – – –
NSG
52
Nalls Sherbakoff Group
Tennessee
$4.32K – – –
FIA
53
FNY Investment Advisers
New York
$2K – – –
WAM
54
Wolverine Asset Management
Illinois
– -$980K -89,271 Closed
LSC
55
Logan Stone Capital
Illinois
– -$911K -83,008 Closed
RCM
56
Rivernorth Capital Management
Florida
– -$556K -50,601 Closed
Fisher Asset Management
57
Fisher Asset Management
Washington
– -$435K -39,619 Closed
SIA
58
Sit Investment Associates
Minnesota
– -$425K -38,669 Closed
RAM
59
Readystate Asset Management
Illinois
– -$344K -31,295 Closed
NBWM
60
North Berkeley Wealth Management
California
– -$166K -15,096 Closed
Stifel Financial
61
Stifel Financial
Missouri
– -$148K -13,467 Closed
Susquehanna International Group
62
Susquehanna International Group
Pennsylvania
– -$142K -12,889 Closed
EC
63
Elequin Capital
New York
– -$75.4K -6,866 Closed
Comerica Bank
64
Comerica Bank
Texas
– -$12.7K -1,158 Closed
1 2
3

BFZ Hedge Fund Activity: Q2 2025 in Review

53 of the 7,603 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q2 2025, worth a combined $97.3M — down 16% from $116M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BFZ and 5 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 11 added.

The largest buyer was Guggenheim Capital, adding an estimated $943K. The largest seller was IEQ Capital, cutting an estimated $14.2M.

  • 53 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q2 2025, down from 59 in Q1 2025.
  • Funds reported $97.3M of BlackRock CA Municipal Income Trust stock for Q2 2025, down 16% quarter-over-quarter.
  • 5 funds opened new BlackRock CA Municipal Income Trust positions in Q2 2025 and 11 closed out, a net change of -6 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q2 2025 was Guggenheim Capital, an estimated $943K added.
  • The largest BlackRock CA Municipal Income Trust seller in Q2 2025 was IEQ Capital, an estimated $14.2M sold.

Based on aggregated 13F filings for Q2 2025.