BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
58 hedge funds and large institutions have $142M invested in BlackRock CA Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 9 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 15
13% more capital invested
Capital invested by funds: $126M → $142M (+$15.9M)
1.31% more ownership
Funds ownership: 30.16% → 31.47% (+1.3%)
5% less funds holding
Funds holding: 61 → 58 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$22.8M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.25M |
| 3 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$797K |
| 4 |
Morgan Stanley
New York
|
+$466K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$420K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$14.6M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.69M |
| 3 |
VPIM
Vanguard Personalized Indexing Management
Oakland,
California
|
-$1.5M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.42M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$524K |
BFZ Hedge Fund Activity: Q4 2020 in Review
58 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q4 2020, worth a combined $142M — up 13% from $126M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BFZ and 6 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 24 added.
The largest buyer was Karpus Investment Management, adding an estimated $22.8M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $14.6M sold.
- 58 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q4 2020, down from 61 in Q3 2020.
- Funds reported $142M of BlackRock CA Municipal Income Trust stock for Q4 2020, up 13% quarter-over-quarter.
- 6 funds opened new BlackRock CA Municipal Income Trust positions in Q4 2020 and 9 closed out, a net change of -3 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q4 2020 was Karpus Investment Management, an estimated $22.8M added.
- The largest BlackRock CA Municipal Income Trust seller in Q4 2020 was Rivernorth Capital Management, an estimated $14.6M sold.
Based on aggregated 13F filings for Q4 2020.