Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
60 hedge funds and large institutions have $107M invested in Pioneer Municipal High Income Advantage Fund in 2024 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
21% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 19
5% more capital invested
Capital invested by funds: $101M → $107M (+$5.39M)
4.73% more ownership
Funds ownership: 48.27% → 53% (+4.7%)
0% more funds holding
Funds holding: 60 → 60 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.12M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$2.56M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.81M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.39M |
| 5 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$816K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.41M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$452K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$428K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$336K |
| 5 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$241K |
MAV Hedge Fund Activity: Q4 2024 in Review
60 of the 7,593 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q4 2024, worth a combined $107M — up 5.3% from $101M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MAV positions and 6 closed out — a net gain of 3 holders — while 23 added to existing stakes and 19 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.12M. The largest seller was Morgan Stanley, cutting an estimated $1.41M.
- 60 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q4 2024, unchanged from Q3 2024.
- Funds reported $107M of Pioneer Municipal High Income Advantage Fund stock for Q4 2024, up 5.3% quarter-over-quarter.
- 9 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q4 2024 and 6 closed out, a net change of +3 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q4 2024 was Saba Capital Management, an estimated $4.12M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q4 2024 was Morgan Stanley, an estimated $1.41M sold.
Based on aggregated 13F filings for Q4 2024.