Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
57 hedge funds and large institutions have $109M invested in Pioneer Municipal High Income Advantage Fund in 2025 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 20 reducing their positions, and 10 closing their positions.
0.07% more ownership
Funds ownership: 54.75% → 54.82% (+0.07%)
0% less capital invested
Capital invested by funds: $109M → $109M (-$544K)
5% less funds holding
Funds holding: 60 → 57 (-3)
15% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 20
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$7.69M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.93M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.6M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.15M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.03M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
-$1.69M |
| 3 |
Bank of New York Mellon
New York
|
-$1.08M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$926K |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
-$839K |
MAV Hedge Fund Activity: Q2 2025 in Review
57 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q2 2025, worth a combined $109M — down 0.5% from $109M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MAV and 8 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 17 added.
The largest buyer was Almitas Capital, adding an estimated $7.69M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.03M.
- 57 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q2 2025, down from 60 in Q1 2025.
- Funds reported $109M of Pioneer Municipal High Income Advantage Fund stock for Q2 2025, down 0.5% quarter-over-quarter.
- 8 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q2 2025 and 10 closed out, a net change of -2 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q2 2025 was Almitas Capital, an estimated $7.69M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q2 2025 was Rivernorth Capital Management, an estimated $8.03M sold.
Based on aggregated 13F filings for Q2 2025.