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 ≈ $10.99.
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 48 |
| Q4 2022 | 46 |
| Q1 2023 | 45 |
| Q2 2023 | 48 |
| Q3 2023 | 47 |
| Q4 2023 | 49 |
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 |
| Q3 2023 | 21 | 21 |
| Q4 2023 | 20 | 25 |
Biggest buyers
| Saba Capital Management, L.P. | Added | +457.3k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +107.8k |
| Alpine Global Management, LLC | Added | +78.3k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Added | +59.5k |
| Invesco Ltd. | New | +43.8k |
| Fisher Asset Management, LLC | New | +21.7k |
| Almitas Capital LLC | New | +17.9k |
| JPMORGAN CHASE & CO | Added | +17.4k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | New | +17.1k |
| Thomas J. Herzfeld Advisors, Inc. | New | +16.8k |
Biggest sellers
| ROBINSON CAPITAL MANAGEMENT, LLC | Sold out | -204.4k |
| MORGAN STANLEY | Reduced | -166.7k |
| Ackerman Capital Advisors, LLC | Sold out | -53.8k |
| LPL Financial LLC | Sold out | -35.0k |
| UBS Group AG | Reduced | -31.4k |
| GUGGENHEIM CAPITAL LLC | Reduced | -20.6k |
| GILL CAPITAL PARTNERS, LLC | Reduced | -19.9k |
| ProVise Management Group, LLC | Reduced | -19.1k |
| DRIVE WEALTH MANAGEMENT, LLC | Sold out | -18.7k |
| Schneider Downs Wealth Management Advisors, LP | Sold out | -13.3k |
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 Q4 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $62.7k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-12-14 | Saba Capital Management, L.P. +1 10% owner | Bought | $184.9k17.2k shares |
| 2023-12-13 | Saba Capital Management, L.P. +1 10% owner | Bought | $351.3k33.0k shares |
| 2023-12-12 | Saba Capital Management, L.P. +1 10% owner | Bought | $667.3k62.8k shares |
| 2023-12-11 | Saba Capital Management, L.P. +1 10% owner | Bought | $9.2k863 shares |
| 2023-12-08 | Saba Capital Management, L.P. +1 10% owner | Bought | $446.2k41.9k shares |
| 2023-12-07 | Saba Capital Management, L.P. +1 10% owner | Bought | $1.9m179.4k shares |
| 2023-12-06 | Saba Capital Management, L.P. +1 10% owner | Bought | $27.1k2.6k shares |
| 2023-11-30 | Saba Capital Management, L.P. +1 10% owner | Bought | $110.8k10.7k shares |
| 2023-11-28 | Saba Capital Management, L.P. +1 10% owner | Bought | $123.0k12.0k shares |
| 2023-11-27 | Saba Capital Management, L.P. +1 10% owner | Bought | $228.4k22.4k shares |
| 2023-11-21 | Saba Capital Management, L.P. +1 10% owner | Bought | $25.6k2.5k shares |
| 2023-11-20 | Saba Capital Management, L.P. +1 10% owner | Bought | $182.5k17.9k shares |
| 2023-11-17 | Saba Capital Management, L.P. +1 10% owner | Bought | $105.2k10.4k shares |
| 2023-11-15 | Saba Capital Management, L.P. +1 10% owner | Bought | $111.7k11.2k shares |
| 2023-11-13 | Saba Capital Management, L.P. +1 10% owner | Bought | $63.3k6.4k shares |
| 2023-11-07 | Saba Capital Management, L.P. +1 10% owner | Bought | $24.1k2.5k shares |
| 2023-11-02 | DONAHUE J CHRISTOPHER Trustee and President, director | Sold | $62.7k6.6k shares |
| 2023-11-02 | Saba Capital Management, L.P. +1 10% owner | Bought | $6.0k638 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.43% of their portfolio | 1.6m $17.5m | Added +457.3k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.23% of their portfolio | 444.6k $4.9m | Added +107.8k |
| 1607 Capital Partners, LLC 0.24% of their portfolio | 317.4k $3.5m | Unchanged |
| Hennion & Walsh Asset Management, Inc. 0.19% of their portfolio | 305.2k $3.4m | Reduced -6.4k |
| Pathstone Holdings, LLC 0.02% of their portfolio | 255.7k $2.8m | First filing |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.22% of their portfolio | 240.3k $2.6m | Added +59.5k |
| Alpine Global Management, LLC 0.38% of their portfolio | 234.9k $2.6m | Added +78.3k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 231.3k $2.5m | Reduced -20.6k |
| Logan Stone Capital, LLC 0.41% of their portfolio | 183.3k $2.0m | Added +4.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 180.2k $2.0m | Added +13.4k |
| AQR Arbitrage LLC 0.06% of their portfolio | 143.1k $1.6m | Added +321 |
| MORGAN STANLEY 0.00% of their portfolio | 118.4k $1.3m | Reduced -166.7k |
| GILL CAPITAL PARTNERS, LLC 0.41% of their portfolio | 89.5k $983.3k | Reduced -19.9k |
| UBS Group AG 0.00% of their portfolio | 80.3k $883.0k | Reduced -31.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 67.9k $745.9k | Reduced -4.5k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 57.1k $627.5k | Reduced -1.5k |
| ProVise Management Group, LLC 0.05% of their portfolio | 49.7k $546.4k | Reduced -19.1k |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 46.6k $512.0k | Added +501 |
| SIT INVESTMENT ASSOCIATES INC 0.01% of their portfolio | 45.0k $494.0k | Added +13.5k |
| Matisse Capital 0.26% of their portfolio | 44.6k $490.0k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 43.8k $481.9k | New |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio | 35.2k $386.7k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 31.9k $350.3k | Added +2.5k |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 31.5k $346.2k | Added +1.6k |
| Capital Market Strategies LLC 0.27% of their portfolio | 28.0k $308.1k | Reduced -74 |
| SARD WEALTH MANAGEMENT GROUP, LLC 0.28% of their portfolio | 25.3k $277.8k | First filing |
| Fisher Asset Management, LLC 0.00% of their portfolio | 21.7k $238.8k | New |
| XML Financial, LLC 0.02% of their portfolio | 20.9k $229.4k | Reduced -12.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 18.5k $203.6k | Added +17.4k |
| Almitas Capital LLC 0.07% of their portfolio | 17.9k $196.4k | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio | 17.1k $187.5k | New |
| Thomas J. Herzfeld Advisors, Inc. 0.07% of their portfolio | 16.8k $184.7k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 15.5k $170.2k | Reduced -24 |
| Cedar Brook Financial Partners, LLC 0.04% of their portfolio | 14.8k $163.9k | Reduced -1.2k |
| Aptus Capital Advisors, LLC 0.00% of their portfolio | 14.3k $157.3k | New |
| Fort Point Capital Partners LLC 0.02% of their portfolio | 13.6k $149.1k | New |
| Catalina Capital Group, LLC 0.10% of their portfolio | 11.4k $125.0k | First filing |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 10.9k $120.3k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 10.1k $111.0k | Reduced -4.2k |
| AMERICAN NATIONAL BANK & TRUST 0.01% of their portfolio | 8.3k $91.7k | Reduced -2.3k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio | 4.9k $53.5k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.2k $34.7k | Reduced -5.2k |
| CWM, LLC 0.00% of their portfolio | 1.0k $11.0k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 405 $4.5k | Unchanged |
| Mascoma Wealth Management LLC 0.00% of their portfolio | 333 $3.7k | Unchanged |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 300 $3.0k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 131 $1.4k | Reduced -60 |
| COMERICA BANK 0.00% of their portfolio | 42 $465 | Reduced -22 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |