Federated Hermes Premier Municipal Income Fund
41 hedge funds and large institutions have $22.2M invested in Federated Hermes Premier Municipal Income Fund in 2024 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 5 increasing their positions, 19 reducing their positions, and 12 closing their positions.
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
2% less funds holding
Funds holding: 42 → 41 (-1)
26.69% less ownership
Funds ownership: 44.4% → 17.71% (-27%)
65% less capital invested
Capital invested by funds: $63.4M → $22.2M (-$41.2M)
74% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.01M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$535K |
| 3 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$472K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$392K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$294K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$14.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.7M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.78M |
| 5 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$2.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AC
51
Almitas Capital
Santa Monica,
California
| – | -$188K | -15,170 | Closed |
|
52
AllianceBernstein
Nashville,
Tennessee
| – | -$136K | -10,946 | Closed |
|
|
SEIA
53
Signature Estate & Investment Advisors
Los Angeles,
California
| – | -$136K | -10,924 | Closed |
|
FMN Hedge Fund Activity: Q4 2024 in Review
41 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2024, worth a combined $22.2M — down 65% from $63.4M a quarter earlier.
Fund positioning in FMN was balanced in Q4 2024: 12 funds opened new positions, 12 closed out, 5 added to existing stakes and 19 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.01M. The largest seller was Saba Capital Management, cutting an estimated $14.7M.
- 41 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2024, down from 42 in Q3 2024.
- Funds reported $22.2M of Federated Hermes Premier Municipal Income Fund stock for Q4 2024, down 65% quarter-over-quarter.
- 12 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2024 and 12 closed out, a net change of 0 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2024 was Robinson Capital Management, an estimated $1.01M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2024 was Saba Capital Management, an estimated $14.7M sold.
Based on aggregated 13F filings for Q4 2024.