BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
62 hedge funds and large institutions have $117M invested in BlackRock CA Municipal Income Trust in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 13 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 16
1% less capital invested
Capital invested by funds: $119M → $117M (-$1.59M)
2.25% less ownership
Funds ownership: 36.74% → 34.49% (-2.2%)
5% less funds holding
Funds holding: 65 → 62 (-3)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$24.5M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$2.22M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$958K |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$805K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$588K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$31.6M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.1M |
| 3 |
RCG
Regatta Capital Group
El Segundo,
California
|
-$1.77M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.01M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$995K |
BFZ Hedge Fund Activity: Q4 2022 in Review
62 of the 6,239 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q4 2022, worth a combined $117M — down 1.3% from $119M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BFZ and 10 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 23 added.
The largest buyer was Saba Capital Management, adding an estimated $24.5M. The largest seller was Karpus Investment Management, cutting an estimated $31.6M.
- 62 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q4 2022, down from 65 in Q3 2022.
- Funds reported $117M of BlackRock CA Municipal Income Trust stock for Q4 2022, down 1.3% quarter-over-quarter.
- 10 funds opened new BlackRock CA Municipal Income Trust positions in Q4 2022 and 13 closed out, a net change of -3 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q4 2022 was Saba Capital Management, an estimated $24.5M added.
- The largest BlackRock CA Municipal Income Trust seller in Q4 2022 was Karpus Investment Management, an estimated $31.6M sold.
Based on aggregated 13F filings for Q4 2022.