Federated Hermes Premier Municipal Income Fund
44 hedge funds and large institutions have $29.7M invested in Federated Hermes Premier Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 4 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
1.74% less ownership
Funds ownership: 20.94% → 19.2% (-1.7%)
4% less funds holding
Funds holding: 46 → 44 (-2)
93% less capital invested
Capital invested by funds: $409M → $29.7M (-$380M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$747K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$603K |
| 3 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$169K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$150K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$53.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$970K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$690K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$333K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$287K |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$135K |
FMN Hedge Fund Activity: Q1 2019 in Review
44 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2019, worth a combined $29.7M — down 93% from $409M a quarter earlier.
Fund positioning in FMN was balanced in Q1 2019: 4 funds opened new positions, 4 closed out, 16 added to existing stakes and 11 trimmed.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $747K. The largest seller was Wolverine Asset Management, cutting an estimated $970K.
- 44 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2019, down from 46 in Q4 2018.
- Funds reported $29.7M of Federated Hermes Premier Municipal Income Fund stock for Q1 2019, down 93% quarter-over-quarter.
- 4 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2019 and 4 closed out, a net change of 0 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $747K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2019 was Wolverine Asset Management, an estimated $970K sold.
Based on aggregated 13F filings for Q1 2019.