Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
68 hedge funds and large institutions have $60.4M invested in Pioneer Municipal High Income Advantage Fund in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 18 reducing their positions, and 9 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 18
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
7.37% more ownership
Funds ownership: 30.33% → 37.7% (+7.4%)
5% more capital invested
Capital invested by funds: $57.3M → $60.4M (+$3.1M)
3% more funds holding
Funds holding: 66 → 68 (+2)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.1M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.15M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$989K |
| 4 |
API
Advisor Partners II
Walnut Creek,
California
|
+$711K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$699K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.79M |
| 2 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
-$632K |
| 3 |
XF
XML Financial
Bethesda,
Maryland
|
-$339K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$256K |
| 5 |
SOA
Sea Otter Advisors
Miami,
Florida
|
-$181K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
JP Morgan Chase
New York
| – | -$56.9K | -7,200 | Closed |
|
|
WP
77
WealthPLAN Partners
Omaha,
Nebraska
| – | -$15.4K | -1,955 | Closed |
|
MAV Hedge Fund Activity: Q3 2023 in Review
68 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q3 2023, worth a combined $60.4M — up 5.4% from $57.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MAV positions and 9 closed out — a net gain of 2 holders — while 30 added to existing stakes and 18 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.1M. The largest seller was Robinson Capital Management, cutting an estimated $1.79M.
- 68 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q3 2023, up from 66 in Q2 2023.
- Funds reported $60.4M of Pioneer Municipal High Income Advantage Fund stock for Q3 2023, up 5.4% quarter-over-quarter.
- 11 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q3 2023 and 9 closed out, a net change of +2 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q3 2023 was Saba Capital Management, an estimated $11.1M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q3 2023 was Robinson Capital Management, an estimated $1.79M sold.
Based on aggregated 13F filings for Q3 2023.