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MAV

Pioneer Municipal High Income Advantage Fund
MAV

Delisted

MAV was delisted on the 22nd of August, 2025.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
2
Holders Change
-55
Holders Change %
-96.49%
% of All Funds
0.03%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
–
Increased
–
Reduced
2
Closed
55
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

No buyers this quarter

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$33.3M
2
SIA
Sit Investment Associates
Minnesota
-$18.7M
3
AC
Almitas Capital
California
-$10.3M
4
MSL
Mackay Shields LLC
New York
-$6.11M
5
HWAM
Hennion & Walsh Asset Management
New Jersey
-$4.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
N
1
Nuveen
North Carolina
$320K -$8.97K -1,100 -3%
Osaic Holdings
2
Osaic Holdings
Arizona
$1.1K -$7.16K -878 -87%
SCM
3
Saba Capital Management
New York
– -$33.3M -4,015,961 Closed
SIA
4
Sit Investment Associates
Minnesota
– -$18.7M -2,254,847 Closed
AC
5
Almitas Capital
California
– -$10.3M -1,244,033 Closed
MSL
6
Mackay Shields LLC
New York
– -$6.11M -736,710 Closed
HWAM
7
Hennion & Walsh Asset Management
New Jersey
– -$4.39M -528,863 Closed
RCM
8
Rivernorth Capital Management
Florida
– -$4.24M -510,263 Closed
GC
9
Guggenheim Capital
Illinois
– -$3.73M -448,968 Closed
COLIM
10
City of London Investment Management
United Kingdom
– -$3.67M -441,784 Closed
IA
11
Icon Advisers
Colorado
– -$2.94M -354,373 Closed
KIM
12
Karpus Investment Management
New York
– -$2.48M -299,040 Closed
Morgan Stanley
13
Morgan Stanley
New York
– -$1.97M -237,777 Closed
BI
14
Bulldog Investors
New Jersey
– -$1.62M -194,697 Closed
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
– -$1.52M -183,622 Closed
UBS Group
16
UBS Group
Switzerland
– -$1.33M -160,786 Closed
Baird Financial Group
17
Baird Financial Group
Wisconsin
– -$1.23M -147,612 Closed
Envestnet Asset Management
18
Envestnet Asset Management
Illinois
– -$1.06M -127,219 Closed
VanEck Associates
19
VanEck Associates
New York
– -$950K -114,410 Closed
PAS
20
Park Avenue Securities
New York
– -$949K -114,393 Closed
GP
21
Gridiron Partners
Pennsylvania
– -$656K -79,023 Closed
BBPWM
22
Blue Bell Private Wealth Management
Pennsylvania
– -$559K -67,332 Closed
Wells Fargo
23
Wells Fargo
California
– -$535K -64,419 Closed
T
24
Transce3nd
Texas
– -$499K -60,170 Closed
MWM
25
Melfa Wealth Management
Massachusetts
– -$456K -54,956 Closed
1
2 3

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.