BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
58 hedge funds and large institutions have $154M invested in BlackRock CA Municipal Income Trust in 2021 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 7 closing their positions.
2% more capital invested
Capital invested by funds: $151M → $154M (+$3.48M)
0.23% less ownership
Funds ownership: 33.17% → 32.94% (-0.23%)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
2% less funds holding
Funds holding: 59 → 58 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.94M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$644K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$515K |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$442K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$433K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.69M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.25M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.92M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.46M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$564K |
BFZ Hedge Fund Activity: Q2 2021 in Review
58 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q2 2021, worth a combined $154M — up 2.3% from $151M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BFZ and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 16 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.94M. The largest seller was Karpus Investment Management, cutting an estimated $2.69M.
- 58 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q2 2021, down from 59 in Q1 2021.
- Funds reported $154M of BlackRock CA Municipal Income Trust stock for Q2 2021, up 2.3% quarter-over-quarter.
- 6 funds opened new BlackRock CA Municipal Income Trust positions in Q2 2021 and 7 closed out, a net change of -1 holder.
- The largest BlackRock CA Municipal Income Trust buyer in Q2 2021 was Rivernorth Capital Management, an estimated $4.94M added.
- The largest BlackRock CA Municipal Income Trust seller in Q2 2021 was Karpus Investment Management, an estimated $2.69M sold.
Based on aggregated 13F filings for Q2 2021.