Federated Hermes Premier Municipal Income Fund
40 hedge funds and large institutions have $22M invested in Federated Hermes Premier Municipal Income Fund in 2024 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 5 increasing their positions, 18 reducing their positions, and 13 closing their positions.
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
5% less funds holding
Funds holding: 42 → 40 (-2)
26.86% less ownership
Funds ownership: 44.4% → 17.53% (-27%)
65% less capital invested
Capital invested by funds: $63.4M → $22M (-$41.4M)
72% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.01M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$535K |
| 3 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$472K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$392K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$294K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$14.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.7M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3M |
| 4 |
AGM
Alpine Global Management
New York
|
-$2.83M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.78M |
FMN Hedge Fund Activity: Q4 2024 in Review
40 of the 7,607 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2024, worth a combined $22M — down 65% from $63.4M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FMN and 12 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 5 added.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.01M. The largest seller was Saba Capital Management, cutting an estimated $14.7M.
- 40 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2024, down from 42 in Q3 2024.
- Funds reported $22M of Federated Hermes Premier Municipal Income Fund stock for Q4 2024, down 65% quarter-over-quarter.
- 12 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2024 and 13 closed out, a net change of -1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2024 was Robinson Capital Management, an estimated $1.01M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2024 was Saba Capital Management, an estimated $14.7M sold.
Based on aggregated 13F filings for Q4 2024.