Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
67 hedge funds and large institutions have $85M invested in Pioneer Municipal High Income Advantage Fund in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 16 reducing their positions, and 16 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 16
41% more capital invested
Capital invested by funds: $60.4M → $85M (+$24.6M)
6.64% more ownership
Funds ownership: 37.7% → 44.34% (+6.6%)
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
1% less funds holding
Funds holding: 68 → 67 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.86M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.19M |
| 3 |
Morgan Stanley
New York
|
+$2.97M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$463K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$412K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.08M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$469K |
| 3 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
-$200K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$198K |
| 5 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
-$150K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SQA
76
Simon Quick Advisors
Morristown,
New Jersey
| – | -$69.1K | -10,263 | Closed |
|
|
WAM
77
Wolverine Asset Management
Chicago,
Illinois
| – | -$58.9K | -8,746 | Closed |
|
|
UB
78
UMB Bank
Kansas City,
Missouri
| – | -$13.9K | -2,061 | Closed |
|
|
WTA
79
Washington Trust Advisors
Wellesley,
Massachusetts
| – | -$10.1K | -1,500 | Closed |
|
80
US Bancorp
Minneapolis,
Minnesota
| – | -$4.61K | -685 | Closed |
|
|
GI
81
Gradient Investments
Arden Hills,
Minnesota
| – | -$2.69K | -400 | Closed |
|
82
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$1K | -90 | Closed |
|
|
PFBT
83
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$68 | -10 | Closed |
|
MAV Hedge Fund Activity: Q4 2023 in Review
67 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q4 2023, worth a combined $85M — up 41% from $60.4M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MAV positions and 16 closed out — a net gain of 1 holder — while 30 added to existing stakes and 16 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.86M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $3.08M sold.
- 67 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q4 2023, down from 68 in Q3 2023.
- Funds reported $85M of Pioneer Municipal High Income Advantage Fund stock for Q4 2023, up 41% quarter-over-quarter.
- 17 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q4 2023 and 16 closed out, a net change of +1 holder.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q4 2023 was Saba Capital Management, an estimated $3.86M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q4 2023 was Fiera Capital (Canada), an estimated $3.08M sold.
Based on aggregated 13F filings for Q4 2023.