Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
61 hedge funds and large institutions have $83.5M invested in Pioneer Municipal High Income Advantage Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 10 closing their positions.
2% less capital invested
Capital invested by funds: $85M → $83.5M (-$1.45M)
4% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 24
1.39% less ownership
Funds ownership: 44.34% → 42.94% (-1.4%)
9% less funds holding
Funds holding: 67 → 61 (-6)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.87M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$1.89M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.19M |
| 4 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$1.13M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$805K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.26M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$2.45M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1,000K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$780K |
| 5 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
-$715K |
MAV Hedge Fund Activity: Q1 2024 in Review
61 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q1 2024, worth a combined $83.5M — down 1.7% from $85M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MAV and 5 opened new positions — a net loss of 5 holders — while 24 trimmed existing stakes and 23 added.
The largest buyer was Sit Investment Associates, adding an estimated $4.87M. The largest seller was Morgan Stanley, cutting an estimated $6.26M.
- 61 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q1 2024, down from 67 in Q4 2023.
- Funds reported $83.5M of Pioneer Municipal High Income Advantage Fund stock for Q1 2024, down 1.7% quarter-over-quarter.
- 5 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q1 2024 and 10 closed out, a net change of -5 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q1 2024 was Sit Investment Associates, an estimated $4.87M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q1 2024 was Morgan Stanley, an estimated $6.26M sold.
Based on aggregated 13F filings for Q1 2024.