Federated Hermes Premier Municipal Income Fund
36 hedge funds and large institutions have $21.6M invested in Federated Hermes Premier Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
16% more funds holding
Funds holding: 31 → 36 (+5)
2.6% less ownership
Funds ownership: 16.66% → 14.06% (-2.6%)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
20% less capital invested
Capital invested by funds: $26.9M → $21.6M (-$5.29M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$529K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$493K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$264K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$182K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$175K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$4.16M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.35M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$432K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$139K |
| 5 |
Morgan Stanley
New York
|
-$81.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
AllianceBernstein
Nashville,
Tennessee
| $146K | – | – | – |
|
|
IFAM
27
Institutional & Family Asset Management
Fort Collins,
Colorado
| $96K | +$97.7K | +7,160 | New |
|
|
SWM
28
SeaCrest Wealth Management
Purchase,
New York
| $84K | +$85.5K | +6,270 | New |
|
29
UBS Group
Zurich,
Switzerland
| $71K | -$63.5K | -4,658 | -47% |
|
30
Fifth Third Bancorp
Cincinnati,
Ohio
| $40K | – | – | – |
|
|
AG
31
Advisor Group
Phoenix,
Arizona
| $25K | – | – | – |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| $22K | – | – | – |
|
|
GWM
33
Geneos Wealth Management
Englewood,
Colorado
| $20K | – | – | – |
|
|
LTFS
34
Ladenburg Thalmann Financial Services
Miami,
Florida
| $11K | – | – | – |
|
|
PCP
35
Proficio Capital Partners
Newton,
Massachusetts
| $10K | -$17.9K | -1,315 | -64% |
|
|
AOWM
36
Alpha Omega Wealth Management
Richmond,
Virginia
| $5K | +$5.18K | +380 | New |
|
|
CRC
37
Curi RMB Capital
Chicago,
Illinois
| – | -$432K | -30,778 | Closed |
|
|
WAM
38
Wolverine Asset Management
Chicago,
Illinois
| – | -$15K | -1,106 | Closed |
|
FMN Hedge Fund Activity: Q1 2018 in Review
36 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2018, worth a combined $21.6M — down 20% from $26.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FMN positions and 2 closed out — a net gain of 6 holders — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $529K. The largest seller was Icon Advisers, cutting an estimated $4.16M.
- 36 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2018, up from 31 in Q4 2017.
- Funds reported $21.6M of Federated Hermes Premier Municipal Income Fund stock for Q1 2018, down 20% quarter-over-quarter.
- 8 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2018 and 2 closed out, a net change of +6 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2018 was Invesco, an estimated $529K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2018 was Icon Advisers, an estimated $4.16M sold.
Based on aggregated 13F filings for Q1 2018.