Federated Hermes Premier Municipal Income Fund
43 hedge funds and large institutions have $63.6M invested in Federated Hermes Premier Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 8 closing their positions.
14% more capital invested
Capital invested by funds: $55.9M → $63.6M (+$7.79M)
4.54% more ownership
Funds ownership: 43.88% → 48.42% (+4.5%)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
7% less funds holding
Funds holding: 46 → 43 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.18M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.44M |
| 3 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$630K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$588K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$559K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.34M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$503K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$277K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$274K |
| 5 |
CBFP
Cedar Brook Financial Partners
Cleveland,
Ohio
|
-$154K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Comerica Bank
Dallas,
Texas
| – | -$317 | -29 | Closed |
|
FMN Hedge Fund Activity: Q2 2024 in Review
43 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q2 2024, worth a combined $63.6M — up 14% from $55.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FMN and 5 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 15 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.18M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $1.34M.
- 43 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q2 2024, down from 46 in Q1 2024.
- Funds reported $63.6M of Federated Hermes Premier Municipal Income Fund stock for Q2 2024, up 14% quarter-over-quarter.
- 5 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q2 2024 and 8 closed out, a net change of -3 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q2 2024 was Rivernorth Capital Management, an estimated $4.18M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q2 2024 was Hennion & Walsh Asset Management, an estimated $1.34M sold.
Based on aggregated 13F filings for Q2 2024.