BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
61 hedge funds and large institutions have $139M invested in BlackRock CA Municipal Income Trust in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 23 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
1.16% more ownership
Funds ownership: 37.5% → 38.65% (+1.2%)
1% more capital invested
Capital invested by funds: $137M → $139M (+$1.35M)
0% more funds holding
Funds holding: 61 → 61 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
43% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.97M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.26M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
+$2.2M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$506K |
| 5 |
AGM
Alpine Global Management
New York
|
+$295K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.34M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.12M |
| 3 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$908K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$881K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$846K |
BFZ Hedge Fund Activity: Q2 2023 in Review
61 of the 6,371 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q2 2023, worth a combined $139M — up 0.98% from $137M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BFZ positions and 7 closed out — a net gain of 1 holder — while 13 added to existing stakes and 23 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $7.97M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $5.34M sold.
- 61 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $139M of BlackRock CA Municipal Income Trust stock for Q2 2023, up 0.98% quarter-over-quarter.
- 8 funds opened new BlackRock CA Municipal Income Trust positions in Q2 2023 and 7 closed out, a net change of +1 holder.
- The largest BlackRock CA Municipal Income Trust buyer in Q2 2023 was Saba Capital Management, an estimated $7.97M added.
- The largest BlackRock CA Municipal Income Trust seller in Q2 2023 was Karpus Investment Management, an estimated $5.34M sold.
Based on aggregated 13F filings for Q2 2023.