Federated Hermes Premier Municipal Income Fund
40 hedge funds and large institutions have $26.4M invested in Federated Hermes Premier Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 6 reducing their positions, and 5 closing their positions.
267% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 6
1.28% more ownership
Funds ownership: 16.26% → 17.55% (+1.3%)
0% less capital invested
Capital invested by funds: $26.4M → $26.4M (-$24.8K)
7% less funds holding
Funds holding: 43 → 40 (-3)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
US Bancorp
Minneapolis,
Minnesota
|
+$746K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$522K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$500K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$467K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$344K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.48M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$923K |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$788K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$397K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$196K |
FMN Hedge Fund Activity: Q1 2020 in Review
40 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2020, worth a combined $26.4M — down 0.09% from $26.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FMN and 4 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 22 added.
The largest buyer was US Bancorp, adding an estimated $746K. The largest seller was Robinson Capital Management, cutting an estimated $1.48M.
- 40 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2020, down from 43 in Q4 2019.
- Funds reported $26.4M of Federated Hermes Premier Municipal Income Fund stock for Q1 2020, down 0.09% quarter-over-quarter.
- 4 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2020 and 5 closed out, a net change of -1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2020 was US Bancorp, an estimated $746K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2020 was Robinson Capital Management, an estimated $1.48M sold.
Based on aggregated 13F filings for Q1 2020.