Vault-13

FEDERATED HERMES PREM MUNI I FMN

COM · Closed-End Fund · CUSIP 31423P108

45 institutional holders -1 vs Q4 2022
3,435,7003.4m shares reported held*
$37.1mreported value*
3 new 18 added 14 reduced 4 sold out net bought ≈ $1.5m (+142.8k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.81.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 48Q4 22: 46Q1 23: 4545Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202248
Q4 202246
Q1 202345

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 24 bought or addedQ4 22: 17 cut or sold outQ4 22Q1 23: 21 bought or addedQ1 23: 18 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222417
Q1 20232118

Biggest buyers

Saba Capital Management, L.P. Added +117,430+117.4k
GUGGENHEIM CAPITAL LLC Added +88,059+88.1k
MORGAN STANLEY Added +43,738+43.7k
HORIZON KINETICS ASSET MANAGEMENT LLC New +37,089+37.1k
Logan Stone Capital, LLC Added +27,100+27.1k
SIT INVESTMENT ASSOCIATES INC Added +19,829+19.8k
BANK OF AMERICA CORP /DE/ Added +14,960+15.0k
XML Financial, LLC Added +14,781+14.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +14,654+14.7k
AQR Arbitrage LLC Added +11,797+11.8k

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Sold out -83,297-83.3k
Matisse Capital Reduced -44,588-44.6k
Invesco Ltd. Reduced -34,989-35.0k
HighTower Advisors, LLC Sold out -25,213-25.2k
Ackerman Capital Advisors, LLC Reduced -20,656-20.7k
UBS Group AG Reduced -17,563-17.6k
Hennion & Walsh Asset Management, Inc. Reduced -13,832-13.8k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Sold out -11,327-11.3k
Almitas Capital LLC Sold out -8,200-8.2k
WELLS FARGO & COMPANY/MN Reduced -3,005-3.0k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BANK OF AMERICA CORP /DE/ 13D · may seek influence no change · filed 2026-04-06 100.0% no change 1.1k 2026-04-06

Fell to 5% or below in the last year: FIRST TRUST PORTFOLIOS LP (3.2%, 2026-01-30)

Insider purchases and sales in Q1 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 0.13% of their portfolio NEW YORK, NY 492,158492.2k $5.3m $5.3m 0.13% Added +117.4k +117,430
2 Hennion & Walsh Asset Management, Inc. 0.21% of their portfolio Parsippany, NJ 322,692322.7k $3.5m $3.5m 0.21% Reduced -13.8k -13,832
3 1607 Capital Partners, LLC 0.24% of their portfolio Richmond, VA 309,159309.2k $3.3m $3.3m 0.24% Unchanged
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 270,578270.6k $2.9m $2.9m 0.00% Added +43.7k +43,738
5 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 247,443247.4k $2.7m $2.7m 0.02% Added +88.1k +88,059
6 ROBINSON CAPITAL MANAGEMENT, LLC 1.02% of their portfolio GROSSE POINTE FARMS, MI 203,975204.0k $2.2m $2.2m 1.02% Added +100 +100
7 Ackerman Capital Advisors, LLC 0.40% of their portfolio DALLAS, TX 144,158144.2k $1.6m $1.6m 0.40% Reduced -20.7k -20,656
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 143,537143.5k $1.6m $1.6m 0.00% Added +15.0k +14,960
9 Logan Stone Capital, LLC 0.57% of their portfolio CHICAGO, IL 133,089133.1k $1.4m $1.4m 0.57% Added +27.1k +27,100
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 119,355119.4k $1.3m $1.3m 0.00% Reduced -17.6k -17,563
11 GILL CAPITAL PARTNERS, LLC 0.53% of their portfolio DENVER, CO 109,270109.3k $1.2m $1.2m 0.53% Added +33 +33
12 XML Financial, LLC 0.13% of their portfolio BETHESDA, MD 95,38595.4k $1.0m $1.0m 0.13% Added +14.8k +14,781
13 AQR Arbitrage LLC 0.03% of their portfolio Greenwich, CT 90,44890.4k $978.6k $978.6k 0.03% Added +11.8k +11,797
14 ProVise Management Group, LLC 0.08% of their portfolio CLEARWATER, FL 77,15877.2k $834.9k $834.9k 0.08% Reduced -550 -550
15 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 75,65775.7k $818.6k $818.6k 0.00% Unchanged
16 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 60,41260.4k $653.7k $653.7k 0.00% Unchanged
17 SIT INVESTMENT ASSOCIATES INC 0.02% of their portfolio Minneapolis, MN 52,73152.7k $571.0k $571.0k 0.02% Added +19.8k +19,829
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 47,67647.7k $515.9k $515.9k 0.00% Reduced -35.0k -34,989
19 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 46,43446.4k $502.4k $502.4k 0.00% Added +1.5k +1,497
20 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 46,33046.3k $501.3k $501.3k 0.01% Reduced -275 -275
21 Matisse Capital 0.31% of their portfolio PORTLAND, OR 44,58844.6k $482.4k $482.4k 0.31% Reduced -44.6k -44,588
22 HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 37,08937.1k $401.3k $401.3k 0.01% New
23 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 31,69531.7k $342.9k $342.9k 0.01% Added +11.5k +11,500
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 31,22031.2k $337.8k $337.8k 0.00% Reduced -3.0k -3,005
25 DRIVE WEALTH MANAGEMENT, LLC 0.13% of their portfolio LEHI, UT 29,09229.1k $315.9k $315.9k 0.13% Reduced -1.4k -1,388
26 Capital Market Strategies LLC 0.51% of their portfolio PALM BEACH GARDENS, FL 26,71526.7k $289.1k $289.1k 0.51% Added +1.6k +1,645
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 18,96419.0k $205.0k $205.0k 0.00% Added +8.6k +8,621
28 Cedar Brook Financial Partners, LLC 0.04% of their portfolio CLEVELAND, OH 16,02716.0k $173.4k $173.4k 0.04% Unchanged
29 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 15,54315.5k $168.0k $168.0k 0.00% Added +65 +65
30 Ramiah Investment Group 0.15% of their portfolio BROOKFIELD, WI 14,88214.9k $161.0k $161.0k 0.15% Reduced -560 -560
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,65414.7k $158.6k $158.6k 0.00% New
32 Schneider Downs Wealth Management Advisors, LP 0.03% of their portfolio Pittsburgh, PA 13,26013.3k $143.5k $143.5k 0.03% Unchanged
33 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 13,21413.2k $143.0k $143.0k 0.00% Added +154 +154
34 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 10,94610.9k $118.4k $118.4k 0.00% Unchanged
35 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 10,53110.5k $113.9k $113.9k 0.00% Added +121 +121
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,8518.9k $95.8k $95.8k 0.00% Added +117 +117
37 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,1685.2k $55.9k $55.9k 0.00% Reduced -1.8k -1,780
38 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 3,7003.7k $40.0k $40.0k 0.00% Unchanged
39 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 584584 $7.8k $7.8k 0.00% Reduced -427 -427
40 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 528528 $5.7k $5.7k 0.00% Reduced -2.8k -2,755
41 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 333333 $3.6k $3.6k 0.00% Unchanged
42 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 300300 $3.0k $3.0k 0.00% Unchanged
43 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 150150 $2.0k $2.0k 0.00% Reduced -139 -139
44 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2121 $0 $0 0.00% New
45 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged