Federated Hermes Premier Municipal Income Fund
10 hedge funds and large institutions have $1.68M invested in Federated Hermes Premier Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
25% more funds holding
Funds holding: 8 → 10 (+2)
11% more capital invested
Capital invested by funds: $1.52M → $1.68M (+$160K)
0.07% more ownership
Funds ownership: 1.76% → 1.83% (+0.07%)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$212K |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$148K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$132K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$5.33K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.62K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$174K |
| 2 |
Morgan Stanley
New York
|
-$61.7K |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$11K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.62K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$315 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $813K | -$61.7K | -4,700 | -7% |
|
|
2
Wells Fargo
San Francisco,
California
| $233K | +$212K | +16,198 | +1,080% |
|
3
KeyBank National Association
Cleveland,
Ohio
| $207K | – | – | – |
|
|
DADC
4
D.A. Davidson & Co
Great Falls,
Montana
| $148K | +$148K | +11,250 | New |
|
|
DA
5
Doliver Advisors
Houston,
Texas
| $133K | +$132K | +10,094 | New |
|
|
6
Royal Bank of Canada
Toronto,
Ontario, Canada
| $60K | -$2.62K | -200 | -4% |
|
|
7
Bank of America
Charlotte,
North Carolina
| $43K | -$315 | -24 | -0.7% |
|
|
WAM
8
Wolverine Asset Management
Chicago,
Illinois
| $26K | -$174K | -13,252 | -87% |
|
|
U
9
UBS
Zurich,
Switzerland
| $16K | +$5.33K | +406 | +53% |
|
|
TRCT
10
Tower Research Capital (TRC)
New York
| $3K | +$2.62K | +200 | New |
|
|
11
Nomura Holdings
Tokyo,
Japan
| – | -$11K | -800 | Closed |
|
FMN Hedge Fund Activity: Q3 2013 in Review
10 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2013, worth a combined $1.68M — up 11% from $1.52M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FMN positions and 1 closed out — a net gain of 2 holders — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Wells Fargo, adding an estimated $212K. The largest seller was Wolverine Asset Management, cutting an estimated $174K.
- 10 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2013, up from 8 in Q2 2013.
- Funds reported $1.68M of Federated Hermes Premier Municipal Income Fund stock for Q3 2013, up 11% quarter-over-quarter.
- 3 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2013 and 1 closed out, a net change of +2 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2013 was Wells Fargo, an estimated $212K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2013 was Wolverine Asset Management, an estimated $174K sold.
Based on aggregated 13F filings for Q3 2013.