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FMN

Federated Hermes Premier Municipal Income Fund
FMN

44 hedge funds and large institutions have $37M invested in Federated Hermes Premier Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

8% more capital invested

Capital invested by funds: $34.1M → $37M (+$2.87M)

1.63% more ownership

Funds ownership: 28.25% → 29.88% (+1.6%)

2% less funds holding

Funds holding: 45 → 44 (-1)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
44
Holders Change
-1
Holders Change %
-2.22%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
18
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$1.26M
2
GC
Guggenheim Capital
Illinois
+$948K
3
Morgan Stanley
Morgan Stanley
New York
+$471K
4
HKAM
Horizon Kinetics Asset Management
New York
+$399K
5
LSC
Logan Stone Capital
Illinois
+$292K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$875K
2
Invesco
Invesco
Georgia
-$377K
3
HighTower Advisors
HighTower Advisors
Illinois
-$254K
4
ACA
Ackerman Capital Advisors
Texas
-$222K
5
UBS Group
UBS Group
Switzerland
-$189K
Name Holding Trade Value Shares
Change 		Change in
Stake
CMS
26
Capital Market Strategies
Florida
$289K +$17.7K +1,645 +7%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$205K +$92.8K +8,621 +83%
CBFP
28
Cedar Brook Financial Partners
Ohio
$173K – – –
RIG
29
Ramiah Investment Group
Wisconsin
$161K -$6.03K -560 -4%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$159K +$158K +14,654 New
SDWMA
31
Schneider Downs Wealth Management Advisors
Pennsylvania
$143K – – –
Stifel Financial
32
Stifel Financial
Missouri
$143K +$1.66K +154 +1%
AllianceBernstein
33
AllianceBernstein
Tennessee
$118K – – –
MCM
34
MAI Capital Management
Ohio
$114K +$1.3K +121 +1%
Osaic Holdings
35
Osaic Holdings
Arizona
$95.8K +$1.26K +117 +1%
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$55.9K -$19.2K -1,780 -26%
AWM
37
Avior Wealth Management
Nebraska
$40K – – –
IA
38
IFP Advisors
Florida
$7.84K -$4.6K -427 -42%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$5.72K -$29.7K -2,755 -84%
MWM
40
Mascoma Wealth Management
New Hampshire
$3.56K – – –
FIA
41
FNY Investment Advisers
New York
$3K – – –
Bessemer Group
42
Bessemer Group
New Jersey
$2K -$1.5K -139 -48%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$168 +$700 +65 +0.4%
WAM
44
Wolverine Asset Management
Illinois
– -$875K -83,297 Closed
HighTower Advisors
45
HighTower Advisors
Illinois
– -$254K -25,213 Closed
LCM
46
Landscape Capital Management
New Jersey
– -$119K -11,327 Closed
AC
47
Almitas Capital
California
– -$86.1K -8,200 Closed
JP Morgan Chase
48
JP Morgan Chase
New York
– +$226 +21 New
1
2

FMN Hedge Fund Activity: Q1 2023 in Review

44 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2023, worth a combined $37M — up 8.4% from $34.1M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of FMN and 3 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 18 added.

The largest buyer was Saba Capital Management, adding an estimated $1.26M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $875K sold.

  • 44 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2023, down from 45 in Q4 2022.
  • Funds reported $37M of Federated Hermes Premier Municipal Income Fund stock for Q1 2023, up 8.4% quarter-over-quarter.
  • 3 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2023 and 4 closed out, a net change of -1 holder.
  • The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2023 was Saba Capital Management, an estimated $1.26M added.
  • The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2023 was Wolverine Asset Management, an estimated $875K sold.

Based on aggregated 13F filings for Q1 2023.