Vault-13

BLACKROCK MUNIHLDNGS CALI QL MUC

COM · Closed-End Fund · CUSIP 09254L107

98 institutional holders -4 vs Q1 2025
28,396,92328.4m shares reported held*
$293.9mreported value*
10 new 29 added 30 reduced 14 sold out net sold ≈ $4.5m (-668.2k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.35.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 83Q4 22: 90Q1 23: 91Q2 23: 91Q3 23: 93Q4 23: 94Q1 24: 99Q2 24: 94Q3 24: 94Q4 24: 112Q1 25: 102Q2 25: 9898Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202283
Q4 202290
Q1 202391
Q2 202391
Q3 202393
Q4 202394
Q1 202499
Q2 202494
Q3 202494
Q4 2024112
Q1 2025102
Q2 202598

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 33 bought or addedQ3 23: 40 cut or sold outQ4 23: 41 bought or addedQ4 23: 39 cut or sold outQ4 23Q1 24: 48 bought or addedQ1 24: 32 cut or sold outQ2 24: 35 bought or addedQ2 24: 40 cut or sold outQ2 24Q3 24: 37 bought or addedQ3 24: 36 cut or sold outQ4 24: 61 bought or addedQ4 24: 31 cut or sold outQ4 24Q1 25: 44 bought or addedQ1 25: 35 cut or sold outQ2 25: 39 bought or addedQ2 25: 44 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233340
Q4 20234139
Q1 20244832
Q2 20243540
Q3 20243736
Q4 20246131
Q1 20254435
Q2 20253944

Biggest buyers

RIVERNORTH CAPITAL MANAGEMENT, LLC Added +516,609+516.6k
MORGAN STANLEY Added +210,840+210.8k
GUGGENHEIM CAPITAL LLC Added +197,341+197.3k
ROYAL BANK OF CANADA Added +123,998+124.0k
Rockefeller Capital Management L.P. Added +113,731+113.7k
Advisors Asset Management, Inc. Added +103,646+103.6k
BANK OF AMERICA CORP /DE/ Added +100,434+100.4k
HRT FINANCIAL LP New +69,354+69.4k
JANE STREET GROUP, LLC New +63,834+63.8k
LPL Financial LLC Added +57,831+57.8k

Biggest sellers

Saba Capital Management, L.P. Reduced -504,049-504.0k
SIT INVESTMENT ASSOCIATES INC Reduced -412,332-412.3k
Karpus Management, Inc. Reduced -370,157-370.2k
Whipplewood Advisors, LLC Sold out -241,863-241.9k
Thomas J. Herzfeld Advisors, Inc. Reduced -139,163-139.2k
Atria Wealth Solutions, Inc. Reduced -131,824-131.8k
WELLS FARGO & COMPANY/MN Reduced -114,494-114.5k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Reduced -95,235-95.2k
PNC Financial Services Group, Inc. Reduced -69,136-69.1k
Cypress Wealth Services, LLC Sold out -53,241-53.2k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: Karpus Management, Inc. (4.4%, 2026-03-06)

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 1 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20241$1110——
Q1 20250—0——
Q2 20250—0——

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,898,9905.9m $61.1m $61.1m 0.00% Added +210.8k +210,840
2 Karpus Management, Inc. 1.55% of their portfolio Pittsford, NY 4,659,2264.7m $48.2m $48.2m 1.55% Reduced -370.2k -370,157
3 RIVERNORTH CAPITAL MANAGEMENT, LLC 1.11% of their portfolio WEST PALM BEACH, FL 1,936,8561.9m $20.0m $20.0m 1.11% Added +516.6k +516,609
4 Saba Capital Management, L.P. 0.52% of their portfolio NEW YORK, NY 1,836,6241.8m $19.0m $19.0m 0.52% Reduced -504.0k -504,049
5 GUGGENHEIM CAPITAL LLC 0.15% of their portfolio CHICAGO, IL 1,832,3071.8m $19.0m $19.0m 0.15% Added +197.3k +197,341
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,625,0911.6m $16.8m $16.8m 0.00% Added +100.4k +100,434
7 SIT INVESTMENT ASSOCIATES INC 0.33% of their portfolio Minneapolis, MN 1,481,8931.5m $15.3m $15.3m 0.33% Reduced -412.3k -412,332
8 MacKay Shields LLC 0.33% of their portfolio New York, NY 981,667981.7k $10.2m $10.2m 0.33% Unchanged
9 ROBINSON CAPITAL MANAGEMENT, LLC 3.29% of their portfolio GROSSE POINTE FARMS, MI 758,664758.7k $7.9m $7.9m 3.29% Unchanged
10 Advisors Asset Management, Inc. 0.14% of their portfolio Monument, CO 752,848752.8k $7.8m $7.8m 0.14% Added +103.6k +103,646
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 581,215581.2k $6.0m $6.0m 0.00% Reduced -114.5k -114,494
12 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 493,729493.7k $5.1m $5.1m 0.01% Unchanged
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 379,107379.1k $3.9m $3.9m 0.00% Added +43.9k +43,858
14 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.36% of their portfolio London, X0 371,024371.0k $3.8m $3.8m 0.36% Reduced -95.2k -95,235
15 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 360,327360.3k $3.7m $3.7m 0.02% Added +19.3k +19,280
16 Hennion & Walsh Asset Management, Inc. 0.11% of their portfolio Parsippany, NJ 271,867271.9k $2.8m $2.8m 0.11% Added +30.5k +30,470
17 Atala Financial Inc 1.84% of their portfolio CALABASAS, CA 257,309257.3k $2.7m $2.7m 1.84% Reduced -2.9k -2,942
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 237,692237.7k $2.5m $2.5m 0.00% Added +57.8k +57,831
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 237,572237.6k $2.5m $2.5m 0.00% Added +124.0k +123,998
20 Dakota Wealth Management 0.05% of their portfolio PALM BEACH GARDENS, FL 234,076234.1k $2.4m $2.4m 0.05% Reduced -3.0k -3,000
21 HOLLENCREST CAPITAL MANAGEMENT 0.10% of their portfolio NEWPORT BEACH, CA 225,446225.4k $2.3m $2.3m 0.10% Unchanged
22 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 220,784220.8k $2.3m $2.3m 0.00% Added +113.7k +113,731
23 Ignite Planners, LLC 0.34% of their portfolio SAN CLEMENTE, CA 194,025194.0k $2.0m $2.0m 0.34% Unchanged
24 Diligent Investors, LLC 0.44% of their portfolio REDLANDS, CA 180,928180.9k $1.9m $1.9m 0.44% Added +12.1k +12,135
25 EVOKE WEALTH, LLC 0.04% of their portfolio Los Angeles, CA 175,003175.0k $1.8m $1.8m 0.04% Added +3.5k +3,500
26 MELFA WEALTH MANAGEMENT, INC. 0.69% of their portfolio WESTBOROUGH, MA 105,202105.2k $1.1m $1.1m 0.69% Added +9.8k +9,750
27 Thomas J. Herzfeld Advisors, Inc. 0.35% of their portfolio MIAMI BEACH, FL 94,73494.7k $980.5k $980.5k 0.35% Reduced -139.2k -139,163
28 CHANNEL WEALTH LLC 0.25% of their portfolio SANTA BARBARA, CA 84,48284.5k $874.4k $874.4k 0.25% Added +1.7k +1,749
29 WESCAP Management Group, Inc. 0.19% of their portfolio Glendale, CA 80,57680.6k $834.0k $834.0k 0.19% Added +31.2k +31,156
30 Matisse Capital 0.38% of their portfolio PORTLAND, OR 78,60078.6k $813.5k $813.5k 0.38% Unchanged
31 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 75,86575.9k $785.2k $785.2k 0.00% Reduced -10.5k -10,506
32 Perennial Investment Advisors, LLC 0.07% of their portfolio Los Angeles, CA 74,69674.7k $773.1k $773.1k 0.07% Reduced -916 -916
33 Alteri Wealth LLC 0.30% of their portfolio WESTLAKE VILLAGE, CA 74,08374.1k $766.8k $766.8k 0.30% Reduced -1.3k -1,346
34 Logan Stone Capital, LLC 0.35% of their portfolio CHICAGO, IL 71,25171.3k $737.4k $737.4k 0.35% Reduced -44.5k -44,547
35 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 69,35469.4k $717.0k $717.0k 0.00% New
36 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 67,79467.8k $701.7k $701.7k 0.00% Reduced -69.1k -69,136
37 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 63,83463.8k $660.7k $660.7k 0.00% New
38 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 61,43961.4k $636.0k $636.0k 0.02% Added +4.3k +4,324
39 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 60,47460.5k $626.0k $626.0k 0.00% Reduced -1.3k -1,347
40 Destination Wealth Management 0.02% of their portfolio Walnut Creek, CA 57,04857.0k $590.4k $590.4k 0.02% Unchanged
41 Virtu Financial LLC 0.03% of their portfolio New York, NY 54,70654.7k $566.0k $566.0k 0.03% New
42 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 49,89949.9k $516.5k $516.5k 0.00% Added +18.1k +18,135
43 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 45,87545.9k $474.8k $474.8k 0.00% Reduced -9.7k -9,657
44 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 43,40743.4k $449.3k $449.3k 0.00% Added +2.6k +2,646
45 Litman Gregory Wealth Management LLC 0.04% of their portfolio LARKSPUR, CA 43,09443.1k $446.0k $446.0k 0.04% Added +4.3k +4,300
46 Intellectus Partners, LLC 0.09% of their portfolio SAN FRANCISCO, CA 41,64141.6k $433.2k $433.2k 0.09% Reduced -40.9k -40,945
47 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 38,83838.8k $402.0k $402.0k 0.00% Added +759 +759
48 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 35,80535.8k $370.6k $370.6k 0.00% Reduced -4.1k -4,100
49 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 35,08435.1k $363.1k $363.1k 0.01% Unchanged
50 LM Advisors LLC 0.04% of their portfolio SAN DIEGO, CA 28,86228.9k $299.0k $299.0k 0.04% Reduced -4.9k -4,905
51 RB Capital Management, LLC 0.07% of their portfolio RENO, NV 28,74028.7k $297.5k $297.5k 0.07% Reduced -328 -328
52 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 27,46727.5k $284.3k $284.3k 0.00% Added +2.0k +2,000
53 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 27,44527.4k $284.1k $284.1k 0.00% Unchanged
54 SteelPeak Wealth, LLC 0.01% of their portfolio WOODLAND HILLS, CA 25,23725.2k $262.6k $262.6k 0.01% Unchanged
55 Rareview Capital LLC 0.16% of their portfolio LAS VEGAS, NV 25,15225.2k $260.3k $260.3k 0.16% Reduced -2.1k -2,106
56 Keystone Wealth Services, LLC 0.06% of their portfolio PALM DESERT, CA 24,53224.5k $253.9k $253.9k 0.06% Unchanged
57 Wellspring Financial Advisors, LLC 0.02% of their portfolio CLEVELAND, OH 23,70023.7k $245.3k $245.3k 0.02% Unchanged
58 Tempus Wealth Planning, LLC 0.06% of their portfolio IRVINE, CA 23,65723.7k $244.8k $244.8k 0.06% Unchanged
59 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 23,31823.3k $241.3k $241.3k 0.00% New
60 DEBUSSY CAPITAL MANAGEMENT LP 0.04% of their portfolio CHICAGO, IL 23,15023.1k $239.6k $239.6k 0.04% Added +13 +13
61 Strategic Advocates LLC 0.07% of their portfolio SACRAMENTO, CA 22,62122.6k $234.1k $234.1k 0.07% Unchanged
62 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 22,54122.5k $233.3k $233.3k 0.01% Unchanged
63 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 22,35722.4k $231.4k $231.4k 0.00% Unchanged
64 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 22,11222.1k $230.0k $230.0k 0.01% Reduced -131.8k -131,824
65 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 18,85018.9k $195.1k $195.1k 0.00% Reduced -2.5k -2,527
66 Almitas Capital LLC 0.05% of their portfolio SANTA MONICA, CA 17,95518.0k $185.8k $185.8k 0.05% Reduced -48.3k -48,262
67 NWF Advisory Services Inc. 0.02% of their portfolio Los Angeles, CA 17,53117.5k $181.4k $181.4k 0.02% Added +645 +645
68 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 16,91116.9k $175.0k $175.0k 0.00% Reduced -603 -603
69 Tortoise Investment Management, LLC 0.02% of their portfolio WHITE PLAINS, NY 16,81116.8k $174.0k $174.0k 0.02% Reduced -7.5k -7,500
70 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.03% of their portfolio BLUE BELL, PA 16,55016.6k $171.3k $171.3k 0.03% Added +500 +500
71 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 16,49416.5k $170.7k $170.7k 0.00% Reduced -37.2k -37,226
72 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 16,23816.2k $168.1k $168.1k 0.00% Reduced -2.5k -2,500
73 Elequin Capital, LP 0.02% of their portfolio NEW YORK, NY 16,14716.1k $167.1k $167.1k 0.02% New
74 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 15,35115.4k $158.9k $158.9k 0.00% Unchanged
75 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 15,25615.3k $157.9k $157.9k 0.00% Added +342 +342
76 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 14,16614.2k $146.6k $146.6k 0.00% Reduced -1.0k -1,013
77 Realta Investment Advisors 0.06% of their portfolio WILMINGTON, DE 13,65213.7k $141.3k $141.3k 0.06% New
78 Snowden Capital Advisors LLC 0.00% of their portfolio New York, NY 13,57513.6k $141.2k $141.2k 0.00% Added +2 +2
79 Van Hulzen Asset Management, LLC 0.01% of their portfolio EL DORADO HILLS, CA 13,22213.2k $136.8k $136.8k 0.01% Added +2.5k +2,529
80 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 12,76412.8k $132.3k $132.3k 0.00% Reduced -41.2k -41,166
81 Argyle Capital Partners, LLC 0.11% of their portfolio LOS ANGELES, CA 12,70012.7k $131.4k $131.4k 0.11% Unchanged
82 Ascentis Independent Advisors 0.02% of their portfolio DALLAS, TX 12,12712.1k $125.5k $125.5k 0.02% Unchanged
83 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 10,48210.5k $108.5k $108.5k 0.00% New
84 Williams Jones Wealth Management, LLC. 0.00% of their portfolio NEW YORK, NY 10,27510.3k $106.3k $106.3k 0.00% Unchanged
85 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 10,00010.0k $103.5k $103.5k 0.00% New
86 Golden State Wealth Management, LLC 0.01% of their portfolio SANTA ANA, CA 5,1955.2k $53.8k $53.8k 0.01% Unchanged
87 Fortitude Family Office, LLC 0.01% of their portfolio SCOTTSDALE, AZ 4,1884.2k $43.3k $43.3k 0.01% Unchanged
88 WealthCollab, LLC 0.02% of their portfolio BELLEVUE, WA 2,8842.9k $29.9k $29.9k 0.02% Unchanged
89 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 2,7422.7k $28.4k $28.4k 0.00% New
90 WFA of San Diego, LLC 0.02% of their portfolio SAN DIEGO, CA 2,5132.5k $26.0k $26.0k 0.02% First filing
91 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 1,9391.9k $20.1k $20.1k 0.00% New
92 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,8241.8k $18.9k $18.9k 0.00% Reduced -1.3k -1,320
93 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,5011.5k $15.5k $15.5k 0.00% Unchanged
94 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,2631.3k $13.1k $13.1k 0.00% Unchanged
95 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,2571.3k $13.0k $13.0k 0.00% Unchanged
96 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,2231.2k $12.7k $12.7k 0.00% Added +19 +19
97 COMERICA BANK 0.00% of their portfolio DALLAS, TX 395395 $4.1k $4.1k 0.00% Unchanged
98 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged