Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
2 hedge funds and large institutions have $321K invested in Pioneer Municipal High Income Advantage Fund in 2025 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 0 increasing their positions, 2 reducing their positions, and 55 closing their positions.
54.65% less ownership
Funds ownership: 54.82% → 0.17% (-55%)
96% less funds holding
Funds holding: 57 → 2 (-55)
100% less capital invested
Capital invested by funds: $109M → $321K (-$108M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 55
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 2
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$33.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$18.7M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$10.3M |
| 4 |
MSL
Mackay Shields LLC
New York
|
-$6.11M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$4.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Cohen & Steers
New York
| – | -$42K | -5,000 | Closed |
|
52
Bank of America
Charlotte,
North Carolina
| – | -$40K | -4,817 | Closed |
|
|
QL
53
Quarry LP
New York
| – | -$27.9K | -3,358 | Closed |
|
|
SS
54
Sunbelt Securities
Houston,
Texas
| – | -$21.7K | -2,578 | Closed |
|
|
TC
55
Trust Company
Manhattan,
Kansas
| – | -$5.25K | -632 | Closed |
|
|
MCM
56
MAI Capital Management
Independence,
Ohio
| – | -$3.63K | -437 | Closed |
|
|
1IA
57
1620 Investment Advisors
Plymouth,
Massachusetts
| – | -$3.4K | -410 | Closed |
|
MAV Hedge Fund Activity: Q3 2025 in Review
2 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q3 2025, worth a combined $321K — down 100% from $109M a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of MAV and 0 opened new positions — a net loss of 55 holders — while 2 trimmed existing stakes and 0 added.
The largest seller was Saba Capital Management, exiting entirely with an estimated $33.3M sold.
- 2 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q3 2025, down from 57 in Q2 2025.
- Funds reported $321K of Pioneer Municipal High Income Advantage Fund stock for Q3 2025, down 100% quarter-over-quarter.
- 0 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q3 2025 and 55 closed out, a net change of -55 holders.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q3 2025 was Saba Capital Management, an estimated $33.3M sold.
Based on aggregated 13F filings for Q3 2025.