Vault-13

FEDERATED HERMES PREM MUNI I FMN

COM · Closed-End Fund · CUSIP 31423P108

48 institutional holders +3 vs Q1 2023
4,091,6924.1m shares reported held*
$43.5mreported value*
5 new 11 added 21 reduced 2 sold out net bought ≈ $7.0m (+656.0k 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 ≈ $10.63.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 48Q4 22: 46Q1 23: 45Q2 23: 4848Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202248
Q4 202246
Q1 202345
Q2 202348

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 23Q2 23: 16 bought or addedQ2 23: 23 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222417
Q1 20232118
Q2 20231623

Biggest buyers

RIVERNORTH CAPITAL MANAGEMENT, LLC New +315,038+315.0k
Saba Capital Management, L.P. Added +198,459+198.5k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD New +137,339+137.3k
Houlihan Financial Resource Group, Ltd. New +103,292+103.3k
Alpine Global Management, LLC New +87,424+87.4k
MORGAN STANLEY Added +23,677+23.7k
AQR Arbitrage LLC Added +13,590+13.6k
1607 Capital Partners, LLC Added +8,238+8.2k
UBS Group AG Added +4,941+4.9k
Logan Stone Capital, LLC Added +4,306+4.3k

Biggest sellers

Ackerman Capital Advisors, LLC Reduced -51,241-51.2k
XML Financial, LLC Reduced -48,665-48.7k
GUGGENHEIM CAPITAL LLC Reduced -42,154-42.2k
SIT INVESTMENT ASSOCIATES INC Reduced -24,429-24.4k
Invesco Ltd. Reduced -23,934-23.9k
STIFEL FINANCIAL CORP Sold out -13,214-13.2k
LPL Financial LLC Reduced -8,670-8.7k
ROBINSON CAPITAL MANAGEMENT, LLC Reduced -8,200-8.2k
Hennion & Walsh Asset Management, Inc. Reduced -5,203-5.2k
RIVERBRIDGE PARTNERS LLC Reduced -3,651-3.7k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 0.24% of their portfolio NEW YORK, NY 690,617690.6k $7.3m $7.3m 0.24% Added +198.5k +198,459
2 Hennion & Walsh Asset Management, Inc. 0.20% of their portfolio Parsippany, NJ 317,489317.5k $3.4m $3.4m 0.20% Reduced -5.2k -5,203
3 1607 Capital Partners, LLC 0.24% of their portfolio Richmond, VA 317,397317.4k $3.4m $3.4m 0.24% Added +8.2k +8,238
4 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.17% of their portfolio WEST PALM BEACH, FL 315,038315.0k $3.3m $3.3m 0.17% New
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 294,255294.3k $3.1m $3.1m 0.00% Added +23.7k +23,677
6 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 205,289205.3k $2.2m $2.2m 0.02% Reduced -42.2k -42,154
7 ROBINSON CAPITAL MANAGEMENT, LLC 0.92% of their portfolio GROSSE POINTE FARMS, MI 195,775195.8k $2.1m $2.1m 0.92% Reduced -8.2k -8,200
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 145,344145.3k $1.5m $1.5m 0.00% Added +1.8k +1,807
9 Logan Stone Capital, LLC 0.50% of their portfolio CHICAGO, IL 137,395137.4k $1.5m $1.5m 0.50% Added +4.3k +4,306
10 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.12% of their portfolio London, X0 137,339137.3k $1.5m $1.5m 0.12% New
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 124,296124.3k $1.3m $1.3m 0.00% Added +4.9k +4,941
12 GILL CAPITAL PARTNERS, LLC 0.49% of their portfolio DENVER, CO 109,301109.3k $1.2m $1.2m 0.49% Added +31 +31
13 AQR Arbitrage LLC 0.05% of their portfolio Greenwich, CT 104,038104.0k $1.1m $1.1m 0.05% Added +13.6k +13,590
14 Houlihan Financial Resource Group, Ltd. 0.03% of their portfolio ASHBURN, VA 103,292103.3k $1.1m $1.1m 0.03% New
15 Ackerman Capital Advisors, LLC 0.26% of their portfolio DALLAS, TX 92,91792.9k $987.7k $987.7k 0.26% Reduced -51.2k -51,241
16 Alpine Global Management, LLC 0.13% of their portfolio NEW YORK, NY 87,42487.4k $929.3k $929.3k 0.13% New
17 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 75,65775.7k $804.2k $804.2k 0.00% Unchanged
18 ProVise Management Group, LLC 0.07% of their portfolio CLEARWATER, FL 75,21975.2k $799.6k $799.6k 0.07% Reduced -1.9k -1,939
19 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 60,32260.3k $641.2k $641.2k 0.00% Reduced -90 -90
20 XML Financial, LLC 0.06% of their portfolio BETHESDA, MD 46,72046.7k $496.6k $496.6k 0.06% Reduced -48.7k -48,665
21 Matisse Capital 0.29% of their portfolio PORTLAND, OR 44,58844.6k $474.0k $474.0k 0.29% Unchanged
22 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 42,67942.7k $453.7k $453.7k 0.01% Reduced -3.7k -3,651
23 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 37,76437.8k $401.4k $401.4k 0.00% Reduced -8.7k -8,670
24 HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 35,18935.2k $374.1k $374.1k 0.01% Reduced -1.9k -1,900
25 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 29,92529.9k $318.1k $318.1k 0.01% Reduced -1.8k -1,770
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 29,37129.4k $312.2k $312.2k 0.00% Reduced -1.8k -1,849
27 SIT INVESTMENT ASSOCIATES INC 0.01% of their portfolio Minneapolis, MN 28,30228.3k $301.0k $301.0k 0.01% Reduced -24.4k -24,429
28 DRIVE WEALTH MANAGEMENT, LLC 0.11% of their portfolio LEHI, UT 28,23728.2k $301.1k $301.1k 0.11% Reduced -855 -855
29 Capital Market Strategies LLC 0.26% of their portfolio PALM BEACH GARDENS, FL 26,71526.7k $284.0k $284.0k 0.26% Unchanged
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 23,74223.7k $252.4k $252.4k 0.00% Reduced -23.9k -23,934
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 18,84318.8k $200.0k $200.0k 0.00% Reduced -121 -121
32 Cedar Brook Financial Partners, LLC 0.04% of their portfolio CLEVELAND, OH 16,02716.0k $170.4k $170.4k 0.04% Unchanged
33 Ramiah Investment Group 0.15% of their portfolio BROOKFIELD, WI 14,33914.3k $152.4k $152.4k 0.15% Reduced -543 -543
34 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 13,45213.5k $143.0k $143.0k 0.00% Reduced -2.1k -2,091
35 Schneider Downs Wealth Management Advisors, LP 0.03% of their portfolio Pittsburgh, PA 13,26013.3k $141.0k $141.0k 0.03% Unchanged
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,92112.9k $137.3k $137.3k 0.00% Reduced -1.7k -1,733
37 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 10,94610.9k $116.4k $116.4k 0.00% Unchanged
38 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 10,64610.6k $113.2k $113.2k 0.00% Added +115 +115
39 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,2918.3k $88.1k $88.1k 0.00% Reduced -560 -560
40 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,1685.2k $54.9k $54.9k 0.00% Unchanged
41 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 3,7003.7k $39.3k $39.3k 0.00% Unchanged
42 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,1801.2k $14.2k $14.2k 0.00% Added +596 +596
43 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 405405 $4.3k $4.3k 0.00% Reduced -123 -123
44 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 333333 $3.5k $3.5k 0.00% Unchanged
45 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 300300 $3.0k $3.0k 0.00% Unchanged
46 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 156156 $2.0k $2.0k 0.00% Added +6 +6
47 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 8989 $946 $946 0.00% New
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged