Federated Hermes Premier Municipal Income Fund
46 hedge funds and large institutions have $43.8M invested in Federated Hermes Premier Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 7 closing their positions.
4.6% more ownership
Funds ownership: 35.19% → 39.8% (+4.6%)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
2% more capital invested
Capital invested by funds: $43M → $43.8M (+$827K)
2% less funds holding
Funds holding: 47 → 46 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.61M |
| 2 |
API
Advisor Partners II
Walnut Creek,
California
|
+$706K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$481K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$449K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$431K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFRG
Houlihan Financial Resource Group
Ashburn,
Virginia
|
-$1.1M |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$403K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$252K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$143K |
| 5 |
XF
XML Financial
Bethesda,
Maryland
|
-$139K |
FMN Hedge Fund Activity: Q3 2023 in Review
46 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2023, worth a combined $43.8M — up 1.9% from $43M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FMN and 6 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 15 added.
The largest buyer was Saba Capital Management, adding an estimated $4.61M. The largest seller was Houlihan Financial Resource Group, exiting entirely with an estimated $1.1M sold.
- 46 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2023, down from 47 in Q2 2023.
- Funds reported $43.8M of Federated Hermes Premier Municipal Income Fund stock for Q3 2023, up 1.9% quarter-over-quarter.
- 6 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2023 and 7 closed out, a net change of -1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2023 was Saba Capital Management, an estimated $4.61M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2023 was Houlihan Financial Resource Group, an estimated $1.1M sold.
Based on aggregated 13F filings for Q3 2023.