Federated Hermes Premier Municipal Income Fund
46 hedge funds and large institutions have $55.9M invested in Federated Hermes Premier Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 4 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
2% more capital invested
Capital invested by funds: $54.5M → $55.9M (+$1.33M)
0.73% more ownership
Funds ownership: 43.15% → 43.88% (+0.73%)
4% less funds holding
Funds holding: 48 → 46 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.42M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$513K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$496K |
| 4 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$438K |
| 5 |
SCM
Saba Capital Management
New York
|
+$395K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$661K |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$490K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$458K |
| 4 |
Fisher Asset Management
Camas,
Washington
|
-$239K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$224K |
FMN Hedge Fund Activity: Q1 2024 in Review
46 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2024, worth a combined $55.9M — up 2.4% from $54.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FMN and 2 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 16 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.42M. The largest seller was City of London Investment Management, cutting an estimated $661K.
- 46 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2024, down from 48 in Q4 2023.
- Funds reported $55.9M of Federated Hermes Premier Municipal Income Fund stock for Q1 2024, up 2.4% quarter-over-quarter.
- 2 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2024 and 4 closed out, a net change of -2 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2024 was Rivernorth Capital Management, an estimated $1.42M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2024 was City of London Investment Management, an estimated $661K sold.
Based on aggregated 13F filings for Q1 2024.