BlackRock CA Municipal Income Trust
BFZ
BFZ was delisted on the 6th of February, 2026.
61 hedge funds and large institutions have $86.3M invested in BlackRock CA Municipal Income Trust in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
15% more funds holding
Funds holding: 53 → 61 (+8)
3.7% less ownership
Funds ownership: 29.93% → 26.23% (-3.7%)
11% less capital invested
Capital invested by funds: $97.3M → $86.3M (-$10.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.17M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.48M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$2.15M |
| 4 |
IC
IEQ Capital
Foster City,
California
|
+$781K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$775K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$20.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.41M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.11M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$584K |
| 5 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$373K |
BFZ Hedge Fund Activity: Q3 2025 in Review
61 of the 7,630 institutional investors tracked by Wall St. Rank reported a position in BlackRock CA Municipal Income Trust (BFZ) for Q3 2025, worth a combined $86.3M — down 11% from $97.3M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BFZ positions and 6 closed out — a net gain of 8 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.17M. The largest seller was Saba Capital Management, cutting an estimated $20.5M.
- 61 institutional investors held BlackRock CA Municipal Income Trust (BFZ) as of Q3 2025, up from 53 in Q2 2025.
- Funds reported $86.3M of BlackRock CA Municipal Income Trust stock for Q3 2025, down 11% quarter-over-quarter.
- 14 funds opened new BlackRock CA Municipal Income Trust positions in Q3 2025 and 6 closed out, a net change of +8 holders.
- The largest BlackRock CA Municipal Income Trust buyer in Q3 2025 was Morgan Stanley, an estimated $5.17M added.
- The largest BlackRock CA Municipal Income Trust seller in Q3 2025 was Saba Capital Management, an estimated $20.5M sold.
Based on aggregated 13F filings for Q3 2025.