Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
60 hedge funds and large institutions have $101M invested in Pioneer Municipal High Income Advantage Fund in 2024 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 9 closing their positions.
12% more capital invested
Capital invested by funds: $90.6M → $101M (+$10.9M)
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
2.15% more ownership
Funds ownership: 46.12% → 48.27% (+2.2%)
2% more funds holding
Funds holding: 59 → 60 (+1)
5% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.82M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.94M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$2.22M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.08M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$773K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$2.21M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$1.81M |
| 3 |
Morgan Stanley
New York
|
-$1.33M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.03M |
| 5 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$998K |
MAV Hedge Fund Activity: Q3 2024 in Review
60 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q3 2024, worth a combined $101M — up 12% from $90.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MAV positions and 9 closed out — a net gain of 1 holder — while 18 added to existing stakes and 19 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.82M. The largest seller was Whitebox Advisors, exiting entirely with an estimated $2.21M sold.
- 60 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q3 2024, up from 59 in Q2 2024.
- Funds reported $101M of Pioneer Municipal High Income Advantage Fund stock for Q3 2024, up 12% quarter-over-quarter.
- 10 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q3 2024 and 9 closed out, a net change of +1 holder.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q3 2024 was Saba Capital Management, an estimated $3.82M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q3 2024 was Whitebox Advisors, an estimated $2.21M sold.
Based on aggregated 13F filings for Q3 2024.