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 ≈ $10.63.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 48 |
| Q4 2022 | 46 |
| Q1 2023 | 45 |
| Q2 2023 | 48 |
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 |
| Q2 2023 | 16 | 23 |
Biggest buyers
| RIVERNORTH CAPITAL MANAGEMENT, LLC | New | +315.0k |
| Saba Capital Management, L.P. | Added | +198.5k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | New | +137.3k |
| Houlihan Financial Resource Group, Ltd. | New | +103.3k |
| Alpine Global Management, LLC | New | +87.4k |
| MORGAN STANLEY | Added | +23.7k |
| AQR Arbitrage LLC | Added | +13.6k |
| 1607 Capital Partners, LLC | Added | +8.2k |
| UBS Group AG | Added | +4.9k |
| Logan Stone Capital, LLC | Added | +4.3k |
Biggest sellers
| Ackerman Capital Advisors, LLC | Reduced | -51.2k |
| XML Financial, LLC | Reduced | -48.7k |
| GUGGENHEIM CAPITAL LLC | Reduced | -42.2k |
| SIT INVESTMENT ASSOCIATES INC | Reduced | -24.4k |
| Invesco Ltd. | Reduced | -23.9k |
| STIFEL FINANCIAL CORP | Sold out | -13.2k |
| LPL Financial LLC | Reduced | -8.7k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Reduced | -8.2k |
| Hennion & Walsh Asset Management, Inc. | Reduced | -5.2k |
| RIVERBRIDGE PARTNERS LLC | Reduced | -3.7k |
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 Q2 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 Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.24% of their portfolio | 690.6k $7.3m | Added +198.5k |
| Hennion & Walsh Asset Management, Inc. 0.20% of their portfolio | 317.5k $3.4m | Reduced -5.2k |
| 1607 Capital Partners, LLC 0.24% of their portfolio | 317.4k $3.4m | Added +8.2k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.17% of their portfolio | 315.0k $3.3m | New |
| MORGAN STANLEY 0.00% of their portfolio | 294.3k $3.1m | Added +23.7k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 205.3k $2.2m | Reduced -42.2k |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.92% of their portfolio | 195.8k $2.1m | Reduced -8.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 145.3k $1.5m | Added +1.8k |
| Logan Stone Capital, LLC 0.50% of their portfolio | 137.4k $1.5m | Added +4.3k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.12% of their portfolio | 137.3k $1.5m | New |
| UBS Group AG 0.00% of their portfolio | 124.3k $1.3m | Added +4.9k |
| GILL CAPITAL PARTNERS, LLC 0.49% of their portfolio | 109.3k $1.2m | Added +31 |
| AQR Arbitrage LLC 0.05% of their portfolio | 104.0k $1.1m | Added +13.6k |
| Houlihan Financial Resource Group, Ltd. 0.03% of their portfolio | 103.3k $1.1m | New |
| Ackerman Capital Advisors, LLC 0.26% of their portfolio | 92.9k $987.7k | Reduced -51.2k |
| Alpine Global Management, LLC 0.13% of their portfolio | 87.4k $929.3k | New |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 75.7k $804.2k | Unchanged |
| ProVise Management Group, LLC 0.07% of their portfolio | 75.2k $799.6k | Reduced -1.9k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 60.3k $641.2k | Reduced -90 |
| XML Financial, LLC 0.06% of their portfolio | 46.7k $496.6k | Reduced -48.7k |
| Matisse Capital 0.29% of their portfolio | 44.6k $474.0k | Unchanged |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 42.7k $453.7k | Reduced -3.7k |
| LPL Financial LLC 0.00% of their portfolio | 37.8k $401.4k | Reduced -8.7k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio | 35.2k $374.1k | Reduced -1.9k |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 29.9k $318.1k | Reduced -1.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 29.4k $312.2k | Reduced -1.8k |
| SIT INVESTMENT ASSOCIATES INC 0.01% of their portfolio | 28.3k $301.0k | Reduced -24.4k |
| DRIVE WEALTH MANAGEMENT, LLC 0.11% of their portfolio | 28.2k $301.1k | Reduced -855 |
| Capital Market Strategies LLC 0.26% of their portfolio | 26.7k $284.0k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 23.7k $252.4k | Reduced -23.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 18.8k $200.0k | Reduced -121 |
| Cedar Brook Financial Partners, LLC 0.04% of their portfolio | 16.0k $170.4k | Unchanged |
| Ramiah Investment Group 0.15% of their portfolio | 14.3k $152.4k | Reduced -543 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 13.5k $143.0k | Reduced -2.1k |
| Schneider Downs Wealth Management Advisors, LP 0.03% of their portfolio | 13.3k $141.0k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 12.9k $137.3k | Reduced -1.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 10.9k $116.4k | Unchanged |
| MAI Capital Management 0.00% of their portfolio | 10.6k $113.2k | Added +115 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 8.3k $88.1k | Reduced -560 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 5.2k $54.9k | Unchanged |
| Avior Wealth Management, LLC 0.00% of their portfolio | 3.7k $39.3k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 1.2k $14.2k | Added +596 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 405 $4.3k | Reduced -123 |
| Mascoma Wealth Management LLC 0.00% of their portfolio | 333 $3.5k | Unchanged |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 300 $3.0k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 156 $2.0k | Added +6 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 89 $946 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |