BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
59 hedge funds and large institutions have $116M invested in BlackRock CA Municipal Income Trust in 2025 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 7 reducing their positions, and 10 closing their positions.
186% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 7
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
13% more capital invested
Capital invested by funds: $103M → $116M (+$13M)
4.56% more ownership
Funds ownership: 30.67% → 35.22% (+4.6%)
2% more funds holding
Funds holding: 58 → 59 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
IEQ Capital
Foster City,
California
|
+$15M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.53M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.13M |
| 4 |
AF
Atala Financial
Calabasas,
California
|
+$1.11M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$933K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$5.03M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.59M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$349K |
| 4 |
AA
Apriem Advisors
Irvine,
California
|
-$246K |
| 5 |
MG
Marex Group
London,
|
-$236K |
BFZ Hedge Fund Activity: Q1 2025 in Review
59 of the 7,463 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q1 2025, worth a combined $116M — up 13% from $103M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BFZ positions and 10 closed out — a net gain of 2 holders — while 20 added to existing stakes and 7 trimmed.
The largest buyer was IEQ Capital, opening a new position worth an estimated $15M. The largest seller was Saba Capital Management, cutting an estimated $5.03M.
- 59 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q1 2025, up from 58 in Q4 2024.
- Funds reported $116M of BlackRock CA Municipal Income Trust stock for Q1 2025, up 13% quarter-over-quarter.
- 12 funds opened new BlackRock CA Municipal Income Trust positions in Q1 2025 and 10 closed out, a net change of +2 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q1 2025 was IEQ Capital, an estimated $15M added.
- The largest BlackRock CA Municipal Income Trust seller in Q1 2025 was Saba Capital Management, an estimated $5.03M sold.
Based on aggregated 13F filings for Q1 2025.