BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
59 hedge funds and large institutions have $151M invested in BlackRock CA Municipal Income Trust in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
6% more capital invested
Capital invested by funds: $142M → $151M (+$9.1M)
2% more funds holding
Funds holding: 58 → 59 (+1)
1.7% more ownership
Funds ownership: 31.47% → 33.17% (+1.7%)
32% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.92M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.98M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.53M |
| 4 |
AWS
AJ Wealth Strategies
New York
|
+$793K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$555K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$5.32M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.01M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.78M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.13M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$517K |
BFZ Hedge Fund Activity: Q1 2021 in Review
59 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q1 2021, worth a combined $151M — up 6.4% from $142M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BFZ positions and 6 closed out — a net gain of 1 holder — while 15 added to existing stakes and 22 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.92M. The largest seller was Saba Capital Management, cutting an estimated $5.32M.
- 59 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q1 2021, up from 58 in Q4 2020.
- Funds reported $151M of BlackRock CA Municipal Income Trust stock for Q1 2021, up 6.4% quarter-over-quarter.
- 7 funds opened new BlackRock CA Municipal Income Trust positions in Q1 2021 and 6 closed out, a net change of +1 holder.
- The largest BlackRock CA Municipal Income Trust buyer in Q1 2021 was Karpus Investment Management, an estimated $8.92M added.
- The largest BlackRock CA Municipal Income Trust seller in Q1 2021 was Saba Capital Management, an estimated $5.32M sold.
Based on aggregated 13F filings for Q1 2021.