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FMN

Federated Hermes Premier Municipal Income Fund
FMN

44 hedge funds and large institutions have $30.8M invested in Federated Hermes Premier Municipal Income Fund in 2025 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

25% more capital invested

Capital invested by funds: $24.6M → $30.8M (+$6.16M)

16% more funds holding

Funds holding: 38 → 44 (+6)

4.7% more ownership

Funds ownership: 19.4% → 24.1% (+4.7%)

0% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 10

Holders
44
Holders Change
+6
Holders Change %
+15.79%
% of All Funds
0.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
10
Reduced
10
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Pathstone Holdings
Pathstone Holdings
New Jersey
+$2.37M
2
RCM
Robinson Capital Management
Michigan
+$1.7M
3
GC
Guggenheim Capital
Illinois
+$697K
4
COLIM
City of London Investment Management
United Kingdom
+$623K
5
RP
Riverbridge Partners
Minnesota
+$360K

Top Sellers

1
Raymond James Financial
Raymond James Financial
Florida
-$362K
2
Truist Financial
Truist Financial
North Carolina
-$292K
3
Citadel Advisors
Citadel Advisors
Florida
-$173K
4
Bank of America
Bank of America
North Carolina
-$141K
5
SCM
Saba Capital Management
New York
-$106K
Name Holding Trade Value Shares
Change 		Change in
Stake
Pathstone Holdings
1
Pathstone Holdings
New Jersey
$6.15M +$2.37M +213,759 +63%
SCM
2
Saba Capital Management
New York
$4.06M -$106K -9,582 -3%
GC
3
Guggenheim Capital
Illinois
$3.18M +$697K +62,843 +28%
RCM
4
Robinson Capital Management
Michigan
$1.7M +$1.7M +152,782 New
MC
5
Matisse Capital
Oregon
$1.43M – – –
COLIM
6
City of London Investment Management
United Kingdom
$1.42M +$623K +56,109 +78%
RP
7
Riverbridge Partners
Minnesota
$1.4M +$360K +32,478 +35%
Bank of America
8
Bank of America
North Carolina
$1.39M -$141K -12,721 -9%
Wells Fargo
9
Wells Fargo
California
$1.04M -$68K -6,124 -6%
UBS Group
10
UBS Group
Switzerland
$834K +$35.3K +3,178 +4%
LSC
11
Logan Stone Capital
Illinois
$765K -$73.5K -6,622 -9%
GCP
12
Gill Capital Partners
Colorado
$726K -$82.4K -7,423 -10%
Raymond James Financial
13
Raymond James Financial
Florida
$636K -$362K -32,639 -36%
1CP
14
1607 Capital Partners
Virginia
$483K – – –
CC
15
CF Capital
Massachusetts
$427K +$45K +4,058 +12%
NWMP
16
Noble Wealth Management PBC
Colorado
$419K +$22.7K +2,050 +6%
PMG
17
ProVise Management Group
Florida
$380K -$11.1K -1,000 -3%
HKAM
18
Horizon Kinetics Asset Management
New York
$380K – – –
MWM
19
Melfa Wealth Management
Massachusetts
$346K +$55.5K +5,000 +19%
TJHA
20
Thomas J. Herzfeld Advisors
Florida
$330K +$330K +29,727 New
CIA
21
Capital Investment Advisors
Georgia
$322K – – –
Morgan Stanley
22
Morgan Stanley
New York
$313K +$25.5K +2,296 +9%
CEFA
23
Closed-End Fund Advisors
Virginia
$288K +$287K +25,903 New
ACA
24
Ackerman Capital Advisors
Texas
$285K -$19K -1,711 -6%
RCM
25
Rivernorth Capital Management
Florida
$279K +$279K +25,150 New
1
2

FMN Hedge Fund Activity: Q4 2025 in Review

44 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2025, worth a combined $30.8M — up 25% from $24.6M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FMN positions and 3 closed out — a net gain of 6 holders — while 10 added to existing stakes and 10 trimmed.

The largest buyer was Pathstone Holdings, adding an estimated $2.37M. The largest seller was Raymond James Financial, cutting an estimated $362K.

  • 44 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2025, up from 38 in Q3 2025.
  • Funds reported $30.8M of Federated Hermes Premier Municipal Income Fund stock for Q4 2025, up 25% quarter-over-quarter.
  • 9 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2025 and 3 closed out, a net change of +6 holders.
  • The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2025 was Pathstone Holdings, an estimated $2.37M added.
  • The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2025 was Raymond James Financial, an estimated $362K sold.

Based on aggregated 13F filings for Q4 2025.