Federated Hermes Premier Municipal Income Fund
38 hedge funds and large institutions have $28.8M invested in Federated Hermes Premier Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 4 closing their positions.
7% more capital invested
Capital invested by funds: $26.8M → $28.8M (+$1.98M)
0.1% less ownership
Funds ownership: 17.62% → 17.51% (-0.1%)
5% less funds holding
Funds holding: 40 → 38 (-2)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$436K |
| 2 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$269K |
| 3 |
US Bancorp
Minneapolis,
Minnesota
|
+$205K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$70.4K |
| 5 |
PAS
Park Avenue Securities
New York
|
+$70.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$341K |
| 2 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
-$207K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$201K |
| 4 |
IFAM
Institutional & Family Asset Management
Fort Collins,
Colorado
|
-$95K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$93K |
FMN Hedge Fund Activity: Q3 2020 in Review
38 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2020, worth a combined $28.8M — up 7.4% from $26.8M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FMN and 2 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 12 added.
The largest buyer was Guggenheim Capital, adding an estimated $436K. The largest seller was 1607 Capital Partners, cutting an estimated $341K.
- 38 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2020, down from 40 in Q2 2020.
- Funds reported $28.8M of Federated Hermes Premier Municipal Income Fund stock for Q3 2020, up 7.4% quarter-over-quarter.
- 2 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2020 and 4 closed out, a net change of -2 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2020 was Guggenheim Capital, an estimated $436K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2020 was 1607 Capital Partners, an estimated $341K sold.
Based on aggregated 13F filings for Q3 2020.