Federated Hermes Premier Municipal Income Fund
8 hedge funds and large institutions have $2M invested in Federated Hermes Premier Municipal Income Fund in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 3 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
20% more capital invested
Capital invested by funds: $1.67M → $2M (+$331K)
0.15% more ownership
Funds ownership: 1.81% → 1.96% (+0.15%)
20% less funds holding
Funds holding: 10 → 8 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$313K |
| 2 |
Morgan Stanley
New York
|
+$119K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$21.1K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$14.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$199K |
| 2 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$47K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$43K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $622K | +$119K | +8,325 | +24% |
|
|
PMG
2
ProVise Management Group
Clearwater,
Florida
| $319K | +$313K | +21,850 | New |
|
|
TCM
3
Tradewinds Capital Management
Bellingham,
Washington
| $281K | -$47K | -3,279 | -15% |
|
|
DADC
4
D.A. Davidson & Co
Great Falls,
Montana
| $269K | +$14.3K | +1,000 | +6% |
|
|
5
Wells Fargo
San Francisco,
California
| $248K | +$21.1K | +1,476 | +10% |
|
6
KeyBank National Association
Cleveland,
Ohio
| $229K | – | – | – |
|
7
Royal Bank of Canada
Toronto,
Ontario, Canada
| $22K | – | – | – |
|
|
U
8
UBS
Zurich,
Switzerland
| $9K | – | – | – |
|
|
MIG
9
Mariner Investment Group
Harrison,
New York
| – | -$199K | -15,084 | Closed |
|
|
10
Bank of America
Charlotte,
North Carolina
| – | -$43K | -3,265 | Closed |
|
|
TRCT
11
Tower Research Capital (TRC)
New York
| – | -$3K | -226 | Closed |
|
FMN Hedge Fund Activity: Q1 2014 in Review
8 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2014, worth a combined $2M — up 20% from $1.67M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FMN and 1 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 3 added.
The largest buyer was ProVise Management Group, opening a new position worth an estimated $313K. The largest seller was Mariner Investment Group, exiting entirely with an estimated $199K sold.
- 8 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2014, down from 10 in Q4 2013.
- Funds reported $2M of Federated Hermes Premier Municipal Income Fund stock for Q1 2014, up 20% quarter-over-quarter.
- 1 fund opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2014 and 3 closed out, a net change of -2 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2014 was ProVise Management Group, an estimated $313K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2014 was Mariner Investment Group, an estimated $199K sold.
Based on aggregated 13F filings for Q1 2014.