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MHI

Pioneer Municipal High Income Fund
MHI

Delisted

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

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60 hedge funds and large institutions have $103M invested in Pioneer Municipal High Income Fund in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more capital invested

Capital invested by funds: $70.6M → $103M (+$32.5M)

9.41% more ownership

Funds ownership: 43.08% → 52.49% (+9.4%)

6% less funds holding

Funds holding: 64 → 60 (-4)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

Holders
60
Holders Change
-4
Holders Change %
-6.25%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
16
Reduced
19
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$9.61M
2
SCM
Saba Capital Management
New York
+$6.31M
3
Morgan Stanley
Morgan Stanley
New York
+$2.01M
4
N
Nuveen
North Carolina
+$918K
5
LCM
Landscape Capital Management
New Jersey
+$279K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.63M
2
RCM
Robinson Capital Management
Michigan
-$950K
3
AAM
Advisors Asset Management
Colorado
-$933K
4
KIM
Karpus Investment Management
New York
-$901K
5
LSC
Logan Stone Capital
Illinois
-$635K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$337K -$14.8K -1,907 -5%
HWM
27
Hohimer Wealth Management
Washington
$311K – – –
GSIAS
28
Garden State Investment Advisory Services
New Jersey
$308K – – –
ARC
29
Advisor Resource Council
Texas
$292K +$263K +33,835 New
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$285K +$85.5K +11,018 +50%
PFS
31
Prospera Financial Services
Texas
$269K -$134K -17,226 -36%
AC
32
Almitas Capital
California
$264K +$238K +30,632 New
Stifel Financial
33
Stifel Financial
Missouri
$254K +$11K +1,423 +5%
LPL Financial
34
LPL Financial
California
$232K -$109K -14,093 -34%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$227K -$2.75K -355 -1%
UBS Group
36
UBS Group
Switzerland
$203K -$111K -14,335 -38%
SFG
37
StrategIQ Financial Group
Indiana
$203K -$26.4K -3,400 -13%
FSI
38
Flow State Investments
Illinois
$181K +$163K +20,954 New
ICMP
39
Integrated Capital Management (Pennsylvania)
Pennsylvania
$167K +$4.31K +556 +3%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$152K -$23.3K -3,007 -15%
Comerica Bank
41
Comerica Bank
Texas
$136K -$33K -4,256 -21%
HighTower Advisors
42
HighTower Advisors
Illinois
$127K +$12.4K +1,593 +11%
CA
43
Cetera Advisors
Colorado
$113K +$102K +13,100 New
OBWG
44
Onyx Bridge Wealth Group
New York
$110K – – –
IAA
45
Ironsides Asset Advisors
North Carolina
$108K – – –
MFG
46
Merit Financial Group
Georgia
$106K -$25.4K -3,273 -21%
Nomura Holdings
47
Nomura Holdings
Japan
$104K +$93.1K +12,000 New
Truist Financial
48
Truist Financial
North Carolina
$102K -$8.5K -1,095 -8%
MC
49
Matisse Capital
Oregon
$98.1K – – –
CICC
50
Capital Investment Counsel (Colorado)
Colorado
$86.3K +$77.6K +10,000 New
1
2
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MHI Hedge Fund Activity: Q4 2023 in Review

60 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Fund (MHI) for Q4 2023, worth a combined $103M — up 46% from $70.6M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of MHI and 14 opened new positions — a net loss of 2 holders — while 19 trimmed existing stakes and 16 added.

The largest buyer was Sit Investment Associates, adding an estimated $9.61M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.63M sold.

  • 60 institutional investors held Pioneer Municipal High Income Fund (MHI) as of Q4 2023, down from 64 in Q3 2023.
  • Funds reported $103M of Pioneer Municipal High Income Fund stock for Q4 2023, up 46% quarter-over-quarter.
  • 14 funds opened new Pioneer Municipal High Income Fund positions in Q4 2023 and 16 closed out, a net change of -2 holders.
  • The largest Pioneer Municipal High Income Fund buyer in Q4 2023 was Sit Investment Associates, an estimated $9.61M added.
  • The largest Pioneer Municipal High Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $4.63M sold.

Based on aggregated 13F filings for Q4 2023.