BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
61 hedge funds and large institutions have $137M invested in BlackRock CA Municipal Income Trust in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 11 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
17% more capital invested
Capital invested by funds: $117M → $137M (+$20.3M)
3.01% more ownership
Funds ownership: 34.49% → 37.5% (+3%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2% less funds holding
Funds holding: 62 → 61 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$8.42M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$5.65M |
| 3 |
SCM
Saba Capital Management
New York
|
+$5.16M |
| 4 |
Rockefeller Capital Management
New York
|
+$1.37M |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$643K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.26M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$2.76M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.53M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.01M |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$602K |
BFZ Hedge Fund Activity: Q1 2023 in Review
61 of the 6,285 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q1 2023, worth a combined $137M — up 17% from $117M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BFZ and 10 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 21 added.
The largest buyer was Almitas Capital, opening a new position worth an estimated $8.42M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.26M.
- 61 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q1 2023, down from 62 in Q4 2022.
- Funds reported $137M of BlackRock CA Municipal Income Trust stock for Q1 2023, up 17% quarter-over-quarter.
- 10 funds opened new BlackRock CA Municipal Income Trust positions in Q1 2023 and 11 closed out, a net change of -1 holder.
- The largest BlackRock CA Municipal Income Trust buyer in Q1 2023 was Almitas Capital, an estimated $8.42M added.
- The largest BlackRock CA Municipal Income Trust seller in Q1 2023 was Rivernorth Capital Management, an estimated $3.26M sold.
Based on aggregated 13F filings for Q1 2023.