Federated Hermes Premier Municipal Income Fund
10 hedge funds and large institutions have $1.67M invested in Federated Hermes Premier Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 2 closing their positions.
0% more funds holding
Funds holding: 10 → 10 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
0.02% less ownership
Funds ownership: 1.83% → 1.81% (-0.02%)
1% less capital invested
Capital invested by funds: $1.68M → $1.67M (-$14K)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$194K |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$80.2K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$334 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$350K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$133K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$39.1K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$28.2K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$26K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $454K | -$350K | -27,286 | -44% |
|
|
TCM
2
Tradewinds Capital Management
Bellingham,
Washington
| $298K | +$290K | +22,606 | New |
|
|
DADC
3
D.A. Davidson & Co
Great Falls,
Montana
| $230K | +$80.2K | +6,248 | +56% |
|
4
KeyBank National Association
Cleveland,
Ohio
| $208K | – | – | – |
|
|
5
Wells Fargo
San Francisco,
California
| $205K | -$28.2K | -2,199 | -12% |
|
|
MIG
6
Mariner Investment Group
Harrison,
New York
| $199K | +$194K | +15,084 | New |
|
7
Bank of America
Charlotte,
North Carolina
| $43K | – | – | – |
|
|
8
Royal Bank of Canada
Toronto,
Ontario, Canada
| $20K | -$39.1K | -3,048 | -67% |
|
|
U
9
UBS
Zurich,
Switzerland
| $8K | -$7.4K | -577 | -49% |
|
|
TRCT
10
Tower Research Capital (TRC)
New York
| $3K | +$334 | +26 | +13% |
|
|
DA
11
Doliver Advisors
Houston,
Texas
| – | -$133K | -10,094 | Closed |
|
|
WAM
12
Wolverine Asset Management
Chicago,
Illinois
| – | -$26K | -1,974 | Closed |
|
FMN Hedge Fund Activity: Q4 2013 in Review
10 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2013, worth a combined $1.67M — down 0.83% from $1.68M a quarter earlier.
Fund positioning in FMN was balanced in Q4 2013: 2 funds opened new positions, 2 closed out, 2 added to existing stakes and 4 trimmed.
The largest buyer was Mariner Investment Group, opening a new position worth an estimated $194K. The largest seller was Morgan Stanley, cutting an estimated $350K.
- 10 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2013, unchanged from Q3 2013.
- Funds reported $1.67M of Federated Hermes Premier Municipal Income Fund stock for Q4 2013, down 0.83% quarter-over-quarter.
- 2 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2013 and 2 closed out, a net change of 0 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2013 was Mariner Investment Group, an estimated $194K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2013 was Morgan Stanley, an estimated $350K sold.
Based on aggregated 13F filings for Q4 2013.