Federated Hermes Premier Municipal Income Fund
46 hedge funds and large institutions have $409M invested in Federated Hermes Premier Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 3 closing their positions.
2,014% more capital invested
Capital invested by funds: $19.4M → $409M (+$390M)
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
10% more funds holding
Funds holding: 42 → 46 (+4)
7.75% more ownership
Funds ownership: 13.19% → 20.94% (+7.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.65M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.25M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.68M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.03M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$912K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$627K |
| 2 |
KeyBank National Association
Cleveland,
Ohio
|
-$211K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$158K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$143K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$129K |
FMN Hedge Fund Activity: Q4 2018 in Review
46 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2018, worth a combined $409M — up 2,014% from $19.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FMN positions and 3 closed out — a net gain of 4 holders — while 14 added to existing stakes and 12 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.65M. The largest seller was Morgan Stanley, cutting an estimated $627K.
- 46 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2018, up from 42 in Q3 2018.
- Funds reported $409M of Federated Hermes Premier Municipal Income Fund stock for Q4 2018, up 2,014% quarter-over-quarter.
- 7 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2018 and 3 closed out, a net change of +4 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2018 was Sit Investment Associates, an estimated $2.65M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2018 was Morgan Stanley, an estimated $627K sold.
Based on aggregated 13F filings for Q4 2018.