FEDERATED HERMES PREM MUNI I FMN
COM · Closed-End Fund · CUSIP 31423P108
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 48 |
| Q4 2022 | 46 |
| Q1 2023 | 45 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 24 | 17 |
| Q1 2023 | 21 | 18 |
Biggest buyers
| Saba Capital Management, L.P. | Added | +117.4k |
| GUGGENHEIM CAPITAL LLC | Added | +88.1k |
| MORGAN STANLEY | Added | +43.7k |
| HORIZON KINETICS ASSET MANAGEMENT LLC | New | +37.1k |
| Logan Stone Capital, LLC | Added | +27.1k |
| SIT INVESTMENT ASSOCIATES INC | Added | +19.8k |
| BANK OF AMERICA CORP /DE/ | Added | +15.0k |
| XML Financial, LLC | Added | +14.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +14.7k |
| AQR Arbitrage LLC | Added | +11.8k |
Biggest sellers
| WOLVERINE ASSET MANAGEMENT LLC | Sold out | -83.3k |
| Matisse Capital | Reduced | -44.6k |
| Invesco Ltd. | Reduced | -35.0k |
| HighTower Advisors, LLC | Sold out | -25.2k |
| Ackerman Capital Advisors, LLC | Reduced | -20.7k |
| UBS Group AG | Reduced | -17.6k |
| Hennion & Walsh Asset Management, Inc. | Reduced | -13.8k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Sold out | -11.3k |
| Almitas Capital LLC | Sold out | -8.2k |
| WELLS FARGO & COMPANY/MN | Reduced | -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.
| Holder | Stake |
|---|---|
| BANK OF AMERICA CORP /DE/ 13D · may seek influence no change · filed 2026-04-06 | 100.0% |
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
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.13% of their portfolio | 492.2k $5.3m | Added +117.4k |
| Hennion & Walsh Asset Management, Inc. 0.21% of their portfolio | 322.7k $3.5m | Reduced -13.8k |
| 1607 Capital Partners, LLC 0.24% of their portfolio | 309.2k $3.3m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 270.6k $2.9m | Added +43.7k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 247.4k $2.7m | Added +88.1k |
| ROBINSON CAPITAL MANAGEMENT, LLC 1.02% of their portfolio | 204.0k $2.2m | Added +100 |
| Ackerman Capital Advisors, LLC 0.40% of their portfolio | 144.2k $1.6m | Reduced -20.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 143.5k $1.6m | Added +15.0k |
| Logan Stone Capital, LLC 0.57% of their portfolio | 133.1k $1.4m | Added +27.1k |
| UBS Group AG 0.00% of their portfolio | 119.4k $1.3m | Reduced -17.6k |
| GILL CAPITAL PARTNERS, LLC 0.53% of their portfolio | 109.3k $1.2m | Added +33 |
| XML Financial, LLC 0.13% of their portfolio | 95.4k $1.0m | Added +14.8k |
| AQR Arbitrage LLC 0.03% of their portfolio | 90.4k $978.6k | Added +11.8k |
| ProVise Management Group, LLC 0.08% of their portfolio | 77.2k $834.9k | Reduced -550 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 75.7k $818.6k | Unchanged |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 60.4k $653.7k | Unchanged |
| SIT INVESTMENT ASSOCIATES INC 0.02% of their portfolio | 52.7k $571.0k | Added +19.8k |
| Invesco Ltd. 0.00% of their portfolio | 47.7k $515.9k | Reduced -35.0k |
| LPL Financial LLC 0.00% of their portfolio | 46.4k $502.4k | Added +1.5k |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 46.3k $501.3k | Reduced -275 |
| Matisse Capital 0.31% of their portfolio | 44.6k $482.4k | Reduced -44.6k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio | 37.1k $401.3k | New |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 31.7k $342.9k | Added +11.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 31.2k $337.8k | Reduced -3.0k |
| DRIVE WEALTH MANAGEMENT, LLC 0.13% of their portfolio | 29.1k $315.9k | Reduced -1.4k |
| Capital Market Strategies LLC 0.51% of their portfolio | 26.7k $289.1k | Added +1.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 19.0k $205.0k | Added +8.6k |
| Cedar Brook Financial Partners, LLC 0.04% of their portfolio | 16.0k $173.4k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 15.5k $168.0k | Added +65 |
| Ramiah Investment Group 0.15% of their portfolio | 14.9k $161.0k | Reduced -560 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 14.7k $158.6k | New |
| Schneider Downs Wealth Management Advisors, LP 0.03% of their portfolio | 13.3k $143.5k | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 13.2k $143.0k | Added +154 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 10.9k $118.4k | Unchanged |
| MAI Capital Management 0.00% of their portfolio | 10.5k $113.9k | Added +121 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 8.9k $95.8k | Added +117 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 5.2k $55.9k | Reduced -1.8k |
| Avior Wealth Management, LLC 0.00% of their portfolio | 3.7k $40.0k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 584 $7.8k | Reduced -427 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 528 $5.7k | Reduced -2.8k |
| Mascoma Wealth Management LLC 0.00% of their portfolio | 333 $3.6k | Unchanged |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 300 $3.0k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 150 $2.0k | Reduced -139 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 21 $0 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |