Federated Hermes Premier Municipal Income Fund
47 hedge funds and large institutions have $43M invested in Federated Hermes Premier Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
16% more capital invested
Capital invested by funds: $37.1M → $43M (+$5.88M)
7% more funds holding
Funds holding: 44 → 47 (+3)
5.32% more ownership
Funds ownership: 29.88% → 35.19% (+5.3%)
48% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.35M |
| 2 |
SCM
Saba Capital Management
New York
|
+$2.11M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.46M |
| 4 |
HFRG
Houlihan Financial Resource Group
Ashburn,
Virginia
|
+$1.1M |
| 5 |
AGM
Alpine Global Management
New York
|
+$464K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$544K |
| 2 |
XF
XML Financial
Bethesda,
Maryland
|
-$517K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$448K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$260K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$254K |
FMN Hedge Fund Activity: Q2 2023 in Review
47 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q2 2023, worth a combined $43M — up 16% from $37.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FMN positions and 2 closed out — a net gain of 3 holders — while 11 added to existing stakes and 21 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.35M. The largest seller was Ackerman Capital Advisors, cutting an estimated $544K.
- 47 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q2 2023, up from 44 in Q1 2023.
- Funds reported $43M of Federated Hermes Premier Municipal Income Fund stock for Q2 2023, up 16% quarter-over-quarter.
- 5 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q2 2023 and 2 closed out, a net change of +3 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $3.35M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q2 2023 was Ackerman Capital Advisors, an estimated $544K sold.
Based on aggregated 13F filings for Q2 2023.