Federated Hermes Premier Municipal Income Fund
15 hedge funds and large institutions have $3.14M invested in Federated Hermes Premier Municipal Income Fund in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 0 closing their positions.
75% more capital invested
Capital invested by funds: $1.79M → $3.14M (+$1.35M)
67% more funds holding
Funds holding: 9 → 15 (+6)
1.57% more ownership
Funds ownership: 1.93% → 3.5% (+1.6%)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$486K |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$400K |
| 3 |
WRM
Westport Resources Management
Westport,
Connecticut
|
+$251K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$160K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$133K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$86.2K |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$22K |
| 3 |
NFG
Next Financial Group
Houston,
Texas
|
-$11.3K |
| 4 |
Morgan Stanley
New York
|
-$6.8K |
FMN Hedge Fund Activity: Q4 2014 in Review
15 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2014, worth a combined $3.14M — up 75% from $1.79M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FMN positions and 0 closed out — a net gain of 7 holders — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $486K. The largest seller was Wells Fargo, cutting an estimated $86.2K.
- 15 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2014, up from 9 in Q3 2014.
- Funds reported $3.14M of Federated Hermes Premier Municipal Income Fund stock for Q4 2014, up 75% quarter-over-quarter.
- 7 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2014 and 0 closed out, a net change of +7 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2014 was Wolverine Asset Management, an estimated $486K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2014 was Wells Fargo, an estimated $86.2K sold.
Based on aggregated 13F filings for Q4 2014.