Federated Hermes Premier Municipal Income Fund
45 hedge funds and large institutions have $34.1M invested in Federated Hermes Premier Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 5 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
22% more capital invested
Capital invested by funds: $27.9M → $34.1M (+$6.18M)
4.76% more ownership
Funds ownership: 23.49% → 28.25% (+4.8%)
4% less funds holding
Funds holding: 47 → 45 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.89M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.87M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.05M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$914K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$869K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
-$1.54M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.03M |
| 3 |
LPL Financial
San Diego,
California
|
-$830K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$730K |
| 5 |
PMG
ProVise Management Group
Clearwater,
Florida
|
-$566K |
FMN Hedge Fund Activity: Q4 2022 in Review
45 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2022, worth a combined $34.1M — up 22% from $27.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FMN and 4 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 19 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $3.89M. The largest seller was Wakefield Asset Management, exiting entirely with an estimated $1.54M sold.
- 45 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2022, down from 47 in Q3 2022.
- Funds reported $34.1M of Federated Hermes Premier Municipal Income Fund stock for Q4 2022, up 22% quarter-over-quarter.
- 4 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2022 and 5 closed out, a net change of -1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2022 was Saba Capital Management, an estimated $3.89M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2022 was Wakefield Asset Management, an estimated $1.54M sold.
Based on aggregated 13F filings for Q4 2022.