Federated Hermes Premier Municipal Income Fund
41 hedge funds and large institutions have $26.1M invested in Federated Hermes Premier Municipal Income Fund in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
11% more funds holding
Funds holding: 37 → 41 (+4)
7% more capital invested
Capital invested by funds: $24.3M → $26.1M (+$1.75M)
3.77% more ownership
Funds ownership: 14.07% → 17.83% (+3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$939K |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$842K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$814K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$611K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$559K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$454K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$203K |
| 3 |
ACP
Aveo Capital Partners
Englewood,
Colorado
|
-$165K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$114K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$68.3K |
FMN Hedge Fund Activity: Q1 2022 in Review
41 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2022, worth a combined $26.1M — up 7.2% from $24.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FMN positions and 4 closed out — a net gain of 4 holders — while 14 added to existing stakes and 9 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $939K. The largest seller was Guggenheim Capital, cutting an estimated $454K.
- 41 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2022, up from 37 in Q4 2021.
- Funds reported $26.1M of Federated Hermes Premier Municipal Income Fund stock for Q1 2022, up 7.2% quarter-over-quarter.
- 8 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2022 and 4 closed out, a net change of +4 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2022 was Rivernorth Capital Management, an estimated $939K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2022 was Guggenheim Capital, an estimated $454K sold.
Based on aggregated 13F filings for Q1 2022.