BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
56 hedge funds and large institutions have $104M invested in BlackRock CA Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 11 reducing their positions, and 10 closing their positions.
127% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 11
6% more capital invested
Capital invested by funds: $98.2M → $104M (+$5.53M)
2.92% more ownership
Funds ownership: 22.69% → 25.61% (+2.9%)
8% less funds holding
Funds holding: 61 → 56 (-5)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.66M |
| 2 |
SCM
Saba Capital Management
New York
|
+$5.63M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.21M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$805K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$608K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.1M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.55M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.35M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$916K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$771K |
BFZ Hedge Fund Activity: Q1 2020 in Review
56 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q1 2020, worth a combined $104M — up 5.6% from $98.2M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BFZ and 7 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 25 added.
The largest buyer was Karpus Investment Management, adding an estimated $7.66M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.1M.
- 56 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q1 2020, down from 61 in Q4 2019.
- Funds reported $104M of BlackRock CA Municipal Income Trust stock for Q1 2020, up 5.6% quarter-over-quarter.
- 7 funds opened new BlackRock CA Municipal Income Trust positions in Q1 2020 and 10 closed out, a net change of -3 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $7.66M added.
- The largest BlackRock CA Municipal Income Trust seller in Q1 2020 was Rivernorth Capital Management, an estimated $2.1M sold.
Based on aggregated 13F filings for Q1 2020.