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FMN

Federated Hermes Premier Municipal Income Fund
FMN

44 hedge funds and large institutions have $29.7M invested in Federated Hermes Premier Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

1.74% less ownership

Funds ownership: 20.94% → 19.2% (-1.7%)

4% less funds holding

Funds holding: 46 → 44 (-2)

93% less capital invested

Capital invested by funds: $409M → $29.7M (-$380M)

Holders
44
Holders Change
-2
Holders Change %
-4.35%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
16
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$747K
2
1CP
1607 Capital Partners
Virginia
+$603K
3
PMG
ProVise Management Group
Florida
+$169K
4
CIA
Capital Investment Advisors
Georgia
+$150K
5
Bank of America
Bank of America
North Carolina
+$53.1K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$970K
2
SIA
Sit Investment Associates
Minnesota
-$690K
3
CRC
Curi RMB Capital
Illinois
-$333K
4
LCM
Landscape Capital Management
New Jersey
-$287K
5
BFM
Boothbay Fund Management
New York
-$135K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Park Avenue Securities
New York
$248K +$17.8K +1,349 +8%
SMC
27
Smith, Moore & Co
Missouri
$224K +$2.72K +207 +1%
LPL Financial
28
LPL Financial
California
$205K -$2.93K -223 -1%
SDWMA
29
Schneider Downs Wealth Management Advisors
Pennsylvania
$178K – – –
6M
30
6 Meridian
Kansas
$158K +$19.1K +1,451 +14%
CIA
31
Capital Investment Advisors
Georgia
$153K +$150K +11,385 New
DWM
32
Dakota Wealth Management
Florida
$148K – – –
AllianceBernstein
33
AllianceBernstein
Tennessee
$147K – – –
RIA
34
Realta Investment Advisors
Delaware
$112K +$109K +8,307 New
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$101K +$28.1K +2,136 +39%
IFAM
36
Institutional & Family Asset Management
Colorado
$96K – – –
SWM
37
SeaCrest Wealth Management
New York
$84K – – –
UBS Group
38
UBS Group
Switzerland
$77K -$2.59K -197 -3%
Citigroup
39
Citigroup
New York
$47K – – –
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$43K -$1.08K -82 -2%
BFEC
41
Benjamin F. Edwards & Company
Missouri
$27K – – –
AG
42
Advisor Group
Arizona
$26K – – –
GWM
43
Geneos Wealth Management
Colorado
$20K – – –
FIA
44
FNY Investment Advisers
New York
$1K +$684 +52 +58%
CRC
45
Curi RMB Capital
Illinois
– -$333K -27,142 Closed
BFM
46
Boothbay Fund Management
New York
– -$135K -11,020 Closed
Stifel Financial
47
Stifel Financial
Missouri
– -$124K -10,048 Closed
IA
48
IFP Advisors
Florida
– -$19K -1,582 Closed
1
2

FMN Hedge Fund Activity: Q1 2019 in Review

44 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2019, worth a combined $29.7M — down 93% from $409M a quarter earlier.

Fund positioning in FMN was balanced in Q1 2019: 4 funds opened new positions, 4 closed out, 16 added to existing stakes and 11 trimmed.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $747K. The largest seller was Wolverine Asset Management, cutting an estimated $970K.

  • 44 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2019, down from 46 in Q4 2018.
  • Funds reported $29.7M of Federated Hermes Premier Municipal Income Fund stock for Q1 2019, down 93% quarter-over-quarter.
  • 4 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2019 and 4 closed out, a net change of 0 holders.
  • The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $747K added.
  • The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2019 was Wolverine Asset Management, an estimated $970K sold.

Based on aggregated 13F filings for Q1 2019.