Federated Hermes Premier Municipal Income Fund
42 hedge funds and large institutions have $63.4M invested in Federated Hermes Premier Municipal Income Fund in 2024 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 19 reducing their positions, and 6 closing their positions.
0% less capital invested
Capital invested by funds: $63.6M → $63.4M (-$233K)
2% less funds holding
Funds holding: 43 → 42 (-1)
4.02% less ownership
Funds ownership: 48.42% → 44.4% (-4%)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
42% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$2.43M |
| 2 |
AGM
Alpine Global Management
New York
|
+$1.26M |
| 3 |
QL
Quarry LP
New York
|
+$931K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$537K |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$254K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.78M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$1.1M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.03M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$767K |
| 5 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$526K |
FMN Hedge Fund Activity: Q3 2024 in Review
42 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2024, worth a combined $63.4M — down 0.37% from $63.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FMN and 5 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 11 added.
The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $2.43M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.78M.
- 42 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2024, down from 43 in Q2 2024.
- Funds reported $63.4M of Federated Hermes Premier Municipal Income Fund stock for Q3 2024, down 0.37% quarter-over-quarter.
- 5 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2024 and 6 closed out, a net change of -1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2024 was Absolute Investment Advisers, an estimated $2.43M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2024 was Rivernorth Capital Management, an estimated $5.78M sold.
Based on aggregated 13F filings for Q3 2024.