BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
65 hedge funds and large institutions have $119M invested in BlackRock CA Municipal Income Trust in 2022 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 9 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 12
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.04% less ownership
Funds ownership: 36.77% → 36.74% (-0.04%)
7% less funds holding
Funds holding: 70 → 65 (-5)
9% less capital invested
Capital invested by funds: $131M → $119M (-$11.9M)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.29M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.57M |
| 3 |
RCG
Regatta Capital Group
El Segundo,
California
|
+$1.31M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$999K |
| 5 |
Morgan Stanley
New York
|
+$544K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.12M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$909K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$827K |
| 4 |
MSL
Mackay Shields LLC
New York
|
-$687K |
| 5 |
SMH
Sanders Morris Harris
Houston,
Texas
|
-$498K |
BFZ Hedge Fund Activity: Q3 2022 in Review
65 of the 5,829 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q3 2022, worth a combined $119M — down 9.1% from $131M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BFZ and 4 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 24 added.
The largest buyer was Saba Capital Management, adding an estimated $3.29M. The largest seller was Karpus Investment Management, cutting an estimated $7.12M.
- 65 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q3 2022, down from 70 in Q2 2022.
- Funds reported $119M of BlackRock CA Municipal Income Trust stock for Q3 2022, down 9.1% quarter-over-quarter.
- 4 funds opened new BlackRock CA Municipal Income Trust positions in Q3 2022 and 9 closed out, a net change of -5 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q3 2022 was Saba Capital Management, an estimated $3.29M added.
- The largest BlackRock CA Municipal Income Trust seller in Q3 2022 was Karpus Investment Management, an estimated $7.12M sold.
Based on aggregated 13F filings for Q3 2022.