Vault-13

FEDERATED HERMES PREM MUNI I FMN

COM · Closed-End Fund · CUSIP 31423P108

49 institutional holders +2 vs Q3 2023
5,147,6285.1m shares reported held*
$56.6mreported value*
8 new 12 added 17 reduced 8 sold out net bought ≈ $3.0m (+268.7k 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 ≈ $10.99.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 48Q4 22: 46Q1 23: 45Q2 23: 48Q3 23: 47Q4 23: 4949Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202248
Q4 202246
Q1 202345
Q2 202348
Q3 202347
Q4 202349

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 23Q3 23: 21 bought or addedQ3 23: 21 cut or sold outQ3 23Q4 23: 20 bought or addedQ4 23: 25 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222417
Q1 20232118
Q2 20231623
Q3 20232121
Q4 20232025

Biggest buyers

Saba Capital Management, L.P. Added +457,327+457.3k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +107,769+107.8k
Alpine Global Management, LLC Added +78,284+78.3k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +59,468+59.5k
Invesco Ltd. New +43,848+43.8k
Fisher Asset Management, LLC New +21,727+21.7k
Almitas Capital LLC New +17,873+17.9k
JPMORGAN CHASE & CO Added +17,354+17.4k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. New +17,059+17.1k
Thomas J. Herzfeld Advisors, Inc. New +16,806+16.8k

Biggest sellers

ROBINSON CAPITAL MANAGEMENT, LLC Sold out -204,402-204.4k
MORGAN STANLEY Reduced -166,703-166.7k
Ackerman Capital Advisors, LLC Sold out -53,828-53.8k
LPL Financial LLC Sold out -35,020-35.0k
UBS Group AG Reduced -31,363-31.4k
GUGGENHEIM CAPITAL LLC Reduced -20,618-20.6k
GILL CAPITAL PARTNERS, LLC Reduced -19,856-19.9k
ProVise Management Group, LLC Reduced -19,086-19.1k
DRIVE WEALTH MANAGEMENT, LLC Sold out -18,672-18.7k
Schneider Downs Wealth Management Advisors, LP Sold out -13,260-13.3k

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.

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 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)

BuyingSelling
101Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 0 buyingQ2 22: 0 sellingQ2 22Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 0 sellingQ2 23Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 1 sellingQ4 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20220—0——
Q2 20220—0——
Q3 20220—0——
Q4 20220—0——
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—1$62.7k—
DateInsiderTradeSharesPrice ValueTheir holding
2023-12-14 Saba Capital Management, L.P. +1 10% owner Bought 17,186 $10.76 $184.9k17.2k shares +1%
2023-12-13 Saba Capital Management, L.P. +1 10% owner Bought 33,016 $10.64 $351.3k33.0k shares +2%
2023-12-12 Saba Capital Management, L.P. +1 10% owner Bought 62,776 $10.63 $667.3k62.8k shares +4%
2023-12-11 Saba Capital Management, L.P. +1 10% owner Bought 863 $10.63 $9.2k863 shares +<1%
2023-12-08 Saba Capital Management, L.P. +1 10% owner Bought 41,938 $10.64 $446.2k41.9k shares +3%
2023-12-07 Saba Capital Management, L.P. +1 10% owner Bought 179,402 $10.61 $1.9m179.4k shares +14%
2023-12-06 Saba Capital Management, L.P. +1 10% owner Bought 2,559 $10.58 $27.1k2.6k shares +<1%
2023-11-30 Saba Capital Management, L.P. +1 10% owner Bought 10,662 $10.39 $110.8k10.7k shares +1%
2023-11-28 Saba Capital Management, L.P. +1 10% owner Bought 12,040 $10.22 $123.0k12.0k shares +1%
2023-11-27 Saba Capital Management, L.P. +1 10% owner Bought 22,414 $10.19 $228.4k22.4k shares +2%
2023-11-21 Saba Capital Management, L.P. +1 10% owner Bought 2,515 $10.18 $25.6k2.5k shares +<1%
2023-11-20 Saba Capital Management, L.P. +1 10% owner Bought 17,911 $10.19 $182.5k17.9k shares +2%
2023-11-17 Saba Capital Management, L.P. +1 10% owner Bought 10,375 $10.14 $105.2k10.4k shares +1%
2023-11-15 Saba Capital Management, L.P. +1 10% owner Bought 11,190 $9.98 $111.7k11.2k shares +1%
2023-11-13 Saba Capital Management, L.P. +1 10% owner Bought 6,444 $9.83 $63.3k6.4k shares +1%
2023-11-07 Saba Capital Management, L.P. +1 10% owner Bought 2,500 $9.64 $24.1k2.5k shares +<1%
2023-11-02 DONAHUE J CHRISTOPHER Trustee and President, director Sold 6,630 $9.45 $62.7k6.6k shares -50%
2023-11-02 Saba Capital Management, L.P. +1 10% owner Bought 638 $9.44 $6.0k638 shares +<1%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 0.43% of their portfolio NEW YORK, NY 1,594,7311.6m $17.5m $17.5m 0.43% Added +457.3k +457,327
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.23% of their portfolio WEST PALM BEACH, FL 444,646444.6k $4.9m $4.9m 0.23% Added +107.8k +107,769
3 1607 Capital Partners, LLC 0.24% of their portfolio Richmond, VA 317,397317.4k $3.5m $3.5m 0.24% Unchanged
4 Hennion & Walsh Asset Management, Inc. 0.19% of their portfolio Parsippany, NJ 305,182305.2k $3.4m $3.4m 0.19% Reduced -6.4k -6,429
5 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 255,749255.7k $2.8m $2.8m 0.02% First filing
6 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.22% of their portfolio London, X0 240,342240.3k $2.6m $2.6m 0.22% Added +59.5k +59,468
7 Alpine Global Management, LLC 0.38% of their portfolio NEW YORK, NY 234,908234.9k $2.6m $2.6m 0.38% Added +78.3k +78,284
8 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 231,264231.3k $2.5m $2.5m 0.02% Reduced -20.6k -20,618
9 Logan Stone Capital, LLC 0.41% of their portfolio CHICAGO, IL 183,301183.3k $2.0m $2.0m 0.41% Added +4.1k +4,122
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 180,194180.2k $2.0m $2.0m 0.00% Added +13.4k +13,385
11 AQR Arbitrage LLC 0.06% of their portfolio Greenwich, CT 143,071143.1k $1.6m $1.6m 0.06% Added +321 +321
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 118,448118.4k $1.3m $1.3m 0.00% Reduced -166.7k -166,703
13 GILL CAPITAL PARTNERS, LLC 0.41% of their portfolio DENVER, CO 89,47589.5k $983.3k $983.3k 0.41% Reduced -19.9k -19,856
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 80,34780.3k $883.0k $883.0k 0.00% Reduced -31.4k -31,363
15 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 67,86767.9k $745.9k $745.9k 0.00% Reduced -4.5k -4,465
16 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 57,09757.1k $627.5k $627.5k 0.00% Reduced -1.5k -1,525
17 ProVise Management Group, LLC 0.05% of their portfolio CLEARWATER, FL 49,71449.7k $546.4k $546.4k 0.05% Reduced -19.1k -19,086
18 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 46,58946.6k $512.0k $512.0k 0.01% Added +501 +501
19 SIT INVESTMENT ASSOCIATES INC 0.01% of their portfolio Minneapolis, MN 44,95645.0k $494.0k $494.0k 0.01% Added +13.5k +13,481
20 Matisse Capital 0.26% of their portfolio PORTLAND, OR 44,58844.6k $490.0k $490.0k 0.26% Unchanged
21 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 43,84843.8k $481.9k $481.9k 0.00% New
22 HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 35,18935.2k $386.7k $386.7k 0.01% Unchanged
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 31,87131.9k $350.3k $350.3k 0.00% Added +2.5k +2,501
24 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 31,50031.5k $346.2k $346.2k 0.01% Added +1.6k +1,575
25 Capital Market Strategies LLC 0.27% of their portfolio PALM BEACH GARDENS, FL 28,03628.0k $308.1k $308.1k 0.27% Reduced -74 -74
26 SARD WEALTH MANAGEMENT GROUP, LLC 0.28% of their portfolio ATLANTA, GA 25,27625.3k $277.8k $277.8k 0.28% First filing
27 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 21,72721.7k $238.8k $238.8k 0.00% New
28 XML Financial, LLC 0.02% of their portfolio BETHESDA, MD 20,87020.9k $229.4k $229.4k 0.02% Reduced -12.3k -12,350
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 18,52218.5k $203.6k $203.6k 0.00% Added +17.4k +17,354
30 Almitas Capital LLC 0.07% of their portfolio SANTA MONICA, CA 17,87317.9k $196.4k $196.4k 0.07% New
31 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio Englewood, NJ 17,05917.1k $187.5k $187.5k 0.02% New
32 Thomas J. Herzfeld Advisors, Inc. 0.07% of their portfolio MIAMI BEACH, FL 16,80616.8k $184.7k $184.7k 0.07% New
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 15,48515.5k $170.2k $170.2k 0.00% Reduced -24 -24
34 Cedar Brook Financial Partners, LLC 0.04% of their portfolio CLEVELAND, OH 14,81514.8k $163.9k $163.9k 0.04% Reduced -1.2k -1,212
35 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 14,31614.3k $157.3k $157.3k 0.00% New
36 Fort Point Capital Partners LLC 0.02% of their portfolio San Francisco, CA 13,56313.6k $149.1k $149.1k 0.02% New
37 Catalina Capital Group, LLC 0.10% of their portfolio Torrance, CA 11,37411.4k $125.0k $125.0k 0.10% First filing
38 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 10,94610.9k $120.3k $120.3k 0.00% Unchanged
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,10110.1k $111.0k $111.0k 0.00% Reduced -4.2k -4,242
40 AMERICAN NATIONAL BANK & TRUST 0.01% of their portfolio WICHITA FALLS, TX 8,3438.3k $91.7k $91.7k 0.01% Reduced -2.3k -2,317
41 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 4,8724.9k $53.5k $53.5k 0.01% New
42 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,1593.2k $34.7k $34.7k 0.00% Reduced -5.2k -5,232
43 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,0001.0k $11.0k $11.0k 0.00% Unchanged
44 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 405405 $4.5k $4.5k 0.00% Unchanged
45 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 333333 $3.7k $3.7k 0.00% Unchanged
46 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 300300 $3.0k $3.0k 0.00% Unchanged
47 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 131131 $1.4k $1.4k 0.00% Reduced -60 -60
48 COMERICA BANK 0.00% of their portfolio DALLAS, TX 4242 $465 $465 0.00% Reduced -22 -22
49 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged