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FMN

Federated Hermes Premier Municipal Income Fund
FMN

38 hedge funds and large institutions have $28.8M invested in Federated Hermes Premier Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $26.8M → $28.8M (+$1.98M)

0.1% less ownership

Funds ownership: 17.62% → 17.51% (-0.1%)

5% less funds holding

Funds holding: 40 → 38 (-2)

20% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 15

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
38
Holders Change
-2
Holders Change %
-5%
% of All Funds
0.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
12
Reduced
15
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$436K
2
PMG
ProVise Management Group
Florida
+$269K
3
US Bancorp
US Bancorp
Minnesota
+$205K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$70.4K
5
PAS
Park Avenue Securities
New York
+$70.3K

Top Sellers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
-$341K
2
SMC
Smith, Moore & Co
Missouri
-$207K
3
AA
AQR Arbitrage
Connecticut
-$201K
4
IFAM
Institutional & Family Asset Management
Colorado
-$95K
5
WAM
Wolverine Asset Management
Illinois
-$93K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$227K – – –
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$223K +$25.1K +1,780 +13%
SDWMA
28
Schneider Downs Wealth Management Advisors
Pennsylvania
$189K – – –
CIA
29
Capital Investment Advisors
Georgia
$163K – – –
RIA
30
Realta Investment Advisors
Delaware
$159K +$424 +30 +0.3%
AllianceBernstein
31
AllianceBernstein
Tennessee
$156K – – –
ASN
32
Advisory Services Network
Georgia
$45K +$45K +3,183 New
Osaic Holdings
33
Osaic Holdings
Arizona
$31K +$4.24K +300 +16%
HFRG
34
Houlihan Financial Resource Group
Virginia
$24K +$23.5K +1,666 New
CFGS
35
Concourse Financial Group Securities
Alabama
$21K – – –
GWM
36
Geneos Wealth Management
Colorado
$21K – – –
SMC
37
Smith, Moore & Co
Missouri
– -$207K -15,715 Closed
WAM
38
Wolverine Asset Management
Illinois
– -$93K -7,115 Closed
PAG
39
Private Advisor Group
New Jersey
– -$90K -6,820 Closed
IFAM
40
Institutional & Family Asset Management
Colorado
– -$95K -6,722 -100%
Citigroup
41
Citigroup
New York
– -$13K -1,000 Closed
PFO
42
Pathstone Family Office
New Jersey
– -$155 -11 -50%
1
2

FMN Hedge Fund Activity: Q3 2020 in Review

38 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2020, worth a combined $28.8M — up 7.4% from $26.8M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of FMN and 2 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 12 added.

The largest buyer was Guggenheim Capital, adding an estimated $436K. The largest seller was 1607 Capital Partners, cutting an estimated $341K.

  • 38 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2020, down from 40 in Q2 2020.
  • Funds reported $28.8M of Federated Hermes Premier Municipal Income Fund stock for Q3 2020, up 7.4% quarter-over-quarter.
  • 2 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2020 and 4 closed out, a net change of -2 holders.
  • The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2020 was Guggenheim Capital, an estimated $436K added.
  • The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2020 was 1607 Capital Partners, an estimated $341K sold.

Based on aggregated 13F filings for Q3 2020.