Federated Hermes Premier Municipal Income Fund
42 hedge funds and large institutions have $32.1M invested in Federated Hermes Premier Municipal Income Fund in 2026 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 8 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
1.45% more ownership
Funds ownership: 24.1% → 25.55% (+1.4%)
4% more capital invested
Capital invested by funds: $30.8M → $32.1M (+$1.35M)
5% less funds holding
Funds holding: 44 → 42 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$1.81M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.36M |
| 3 |
Bank of New York Mellon
New York
|
+$971K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$528K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$504K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.06M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$330K |
| 3 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$239K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$220K |
| 5 |
PI
PFG Investments
Woodbury,
New York
|
-$174K |
FMN Hedge Fund Activity: Q1 2026 in Review
42 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2026, worth a combined $32.1M — up 4.4% from $30.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FMN and 6 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 15 added.
The largest buyer was Pathstone Holdings, adding an estimated $1.81M. The largest seller was Saba Capital Management, exiting entirely with an estimated $4.06M sold.
- 42 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2026, down from 44 in Q4 2025.
- Funds reported $32.1M of Federated Hermes Premier Municipal Income Fund stock for Q1 2026, up 4.4% quarter-over-quarter.
- 6 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2026 and 8 closed out, a net change of -2 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2026 was Pathstone Holdings, an estimated $1.81M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2026 was Saba Capital Management, an estimated $4.06M sold.
Based on aggregated 13F filings for Q1 2026.