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BFZ

BlackRock CA Municipal Income Trust
BFZ

Delisted

BFZ was delisted on the 6th of February, 2026.

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53 hedge funds and large institutions have $97.3M invested in BlackRock CA Municipal Income Trust in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.29% less ownership

Funds ownership: 35.22% → 29.93% (-5.3%)

10% less funds holding

Funds holding: 59 → 53 (-6)

16% less capital invested

Capital invested by funds: $116M → $97.3M (-$19M)

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Holders
53
Holders Change
-6
Holders Change %
-10.17%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
11
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$943K
2
AAM
Advisors Asset Management
Colorado
+$858K
3
CWS
Cypress Wealth Services
California
+$584K
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$452K
5
AF
Atala Financial
California
+$310K

Top Sellers

Rank Fund Capital Flow
1
IC
IEQ Capital
California
-$14.2M
2
WAM
Wolverine Asset Management
Illinois
-$980K
3
LSC
Logan Stone Capital
Illinois
-$911K
4
Morgan Stanley
Morgan Stanley
New York
-$689K
5
SCM
Saba Capital Management
New York
-$642K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$50.7M -$642K -59,643 -1%
GC
2
Guggenheim Capital
Illinois
$7.05M +$943K +87,599 +16%
AAM
3
Advisors Asset Management
Colorado
$6.15M +$858K +79,735 +16%
Wells Fargo
4
Wells Fargo
California
$3.03M -$29.8K -2,770 -1%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$3.02M +$63.4K +5,894 +2%
HWAM
6
Hennion & Walsh Asset Management
New Jersey
$2.77M +$452K +41,996 +20%
LPL Financial
7
LPL Financial
California
$2.49M +$23K +2,138 +0.9%
Morgan Stanley
8
Morgan Stanley
New York
$2.11M -$689K -64,012 -25%
RCM
9
Robinson Capital Management
Michigan
$2.11M – – –
UBS Group
10
UBS Group
Switzerland
$1.77M -$165K -15,353 -9%
TC
11
Trilogy Capital
California
$1.5M +$180K +16,738 +14%
AF
12
Atala Financial
California
$1.37M +$310K +28,824 +29%
Allspring Global Investments
13
Allspring Global Investments
North Carolina
$1.35M – – –
OIM
14
Oder Investment Management
California
$1.26M +$104K +9,628 +9%
Bank of America
15
Bank of America
North Carolina
$965K -$361K -33,552 -27%
LCM
16
Landscape Capital Management
New Jersey
$924K -$302K -28,098 -25%
HCM
17
Hollencrest Capital Management
California
$848K – – –
MWM
18
Melfa Wealth Management
Massachusetts
$820K +$97 +9 +0%
Allianz Asset Management
19
Allianz Asset Management
Germany
$743K – – –
CWS
20
Cypress Wealth Services
California
$586K +$584K +54,227 New
VCM
21
Vivaldi Capital Management
Illinois
$479K +$312 +29 +0.1%
Raymond James Financial
22
Raymond James Financial
Florida
$473K – – –
Ameriprise
23
Ameriprise
Minnesota
$396K -$432K -40,096 -52%
AIA
24
Absolute Investment Advisers
Florida
$373K – – –
QL
25
Quarry LP
New York
$373K – – –
1
2 3

BFZ Hedge Fund Activity: Q2 2025 in Review

53 of the 7,603 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q2 2025, worth a combined $97.3M — down 16% from $116M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BFZ and 5 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 11 added.

The largest buyer was Guggenheim Capital, adding an estimated $943K. The largest seller was IEQ Capital, cutting an estimated $14.2M.

  • 53 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q2 2025, down from 59 in Q1 2025.
  • Funds reported $97.3M of BlackRock CA Municipal Income Trust stock for Q2 2025, down 16% quarter-over-quarter.
  • 5 funds opened new BlackRock CA Municipal Income Trust positions in Q2 2025 and 11 closed out, a net change of -6 holders.
  • The largest BlackRock CA Municipal Income Trust buyer in Q2 2025 was Guggenheim Capital, an estimated $943K added.
  • The largest BlackRock CA Municipal Income Trust seller in Q2 2025 was IEQ Capital, an estimated $14.2M sold.

Based on aggregated 13F filings for Q2 2025.