Federated Hermes Premier Municipal Income Fund
48 hedge funds and large institutions have $54.5M invested in Federated Hermes Premier Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
24% more capital invested
Capital invested by funds: $43.8M → $54.5M (+$10.7M)
4% more funds holding
Funds holding: 46 → 48 (+2)
3.35% more ownership
Funds ownership: 39.8% → 43.15% (+3.3%)
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.59M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.08M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$597K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$440K |
| 5 |
AGM
Alpine Global Management
New York
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.27M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.97M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$516K |
| 4 |
LPL Financial
San Diego,
California
|
-$335K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$315K |
FMN Hedge Fund Activity: Q4 2023 in Review
48 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2023, worth a combined $54.5M — up 24% from $43.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FMN positions and 8 closed out — a net gain of 3 holders — while 12 added to existing stakes and 17 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.59M. The largest seller was Morgan Stanley, cutting an estimated $2.27M.
- 48 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2023, up from 46 in Q3 2023.
- Funds reported $54.5M of Federated Hermes Premier Municipal Income Fund stock for Q4 2023, up 24% quarter-over-quarter.
- 11 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2023 and 8 closed out, a net change of +3 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2023 was Saba Capital Management, an estimated $4.59M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2023 was Morgan Stanley, an estimated $2.27M sold.
Based on aggregated 13F filings for Q4 2023.