Vault-13

FEDERATED HERMES PREM MUNI I FMN

COM · Closed-End Fund · CUSIP 31423P108

47 institutional holders -2 vs Q4 2023
5,251,7055.3m shares reported held*
$58.1mreported value*
2 new 17 added 14 reduced 4 sold out net bought ≈ $1.2m (+104.1k 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 ≈ $11.07.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 48Q4 22: 46Q1 23: 45Q2 23: 48Q3 23: 47Q4 23: 49Q1 24: 4747Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202248
Q4 202246
Q1 202345
Q2 202348
Q3 202347
Q4 202349
Q1 202447

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 23Q1 24: 19 bought or addedQ1 24: 18 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222417
Q1 20232118
Q2 20231623
Q3 20232121
Q4 20232025
Q1 20241918

Biggest buyers

RIVERNORTH CAPITAL MANAGEMENT, LLC Added +128,221+128.2k
SIT INVESTMENT ASSOCIATES INC Added +46,245+46.2k
WELLS FARGO & COMPANY/MN Added +44,730+44.7k
WHITEBOX ADVISORS LLC New +39,550+39.5k
Saba Capital Management, L.P. Added +35,659+35.7k
MORGAN STANLEY Added +11,599+11.6k
Fort Point Capital Partners LLC Added +11,078+11.1k
BANK OF AMERICA CORP /DE/ Added +6,920+6.9k
Thomas J. Herzfeld Advisors, Inc. Added +6,846+6.8k
OSAIC HOLDINGS, INC. Added +5,070+5.1k

Biggest sellers

CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Reduced -59,614-59.6k
Matisse Capital Sold out -44,588-44.6k
Hennion & Walsh Asset Management, Inc. Reduced -41,331-41.3k
Fisher Asset Management, LLC Sold out -21,727-21.7k
AQR Arbitrage LLC Reduced -20,185-20.2k
JPMORGAN CHASE & CO Sold out -18,522-18.5k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Sold out -17,059-17.1k
Logan Stone Capital, LLC Reduced -14,100-14.1k
UBS Group AG Reduced -4,293-4.3k
AMERICAN NATIONAL BANK & TRUST Reduced -3,610-3.6k

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 Q1 2024

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
101Q2 22: 0 buyingQ2 22: 0 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22Q4 22: 0 buyingQ4 22: 0 sellingQ1 23: 0 buyingQ1 23: 0 sellingQ1 23Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 1 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20220—0——
Q3 20220—0——
Q4 20220—0——
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—1$62.7k—
Q1 20240—0——
DateInsiderTradeSharesPrice ValueTheir holding
2024-03-26 Saba Capital Management, L.P. +1 10% owner Bought 6,042 $11.05 $66.8k6.0k shares +<1%
2024-03-11 Saba Capital Management, L.P. +1 10% owner Bought 15,489 $11.17 $173.0k15.5k shares +1%
2024-03-08 Saba Capital Management, L.P. +1 10% owner Bought 2,449 $11.15 $27.3k2.4k shares +<1%
2024-03-01 Saba Capital Management, L.P. +1 10% owner Bought 8,384 $11.06 $92.7k8.4k shares +0%
2024-01-17 Saba Capital Management, L.P. +1 10% owner Bought 3,295 $11.00 $36.2k3.3k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 0.40% of their portfolio NEW YORK, NY 1,630,3901.6m $18.0m $18.0m 0.40% Added +35.7k +35,659
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.31% of their portfolio WEST PALM BEACH, FL 572,867572.9k $6.3m $6.3m 0.31% Added +128.2k +128,221
3 1607 Capital Partners, LLC 0.29% of their portfolio Richmond, VA 317,397317.4k $3.5m $3.5m 0.29% Unchanged
4 Hennion & Walsh Asset Management, Inc. 0.16% of their portfolio Parsippany, NJ 263,851263.9k $2.9m $2.9m 0.16% Reduced -41.3k -41,331
5 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 260,028260.0k $2.9m $2.9m 0.01% Added +4.3k +4,279
6 Alpine Global Management, LLC 0.29% of their portfolio NEW YORK, NY 237,594237.6k $2.6m $2.6m 0.29% Added +2.7k +2,686
7 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 228,523228.5k $2.5m $2.5m 0.02% Reduced -2.7k -2,741
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 187,114187.1k $2.1m $2.1m 0.00% Added +6.9k +6,920
9 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.16% of their portfolio London, X0 180,728180.7k $2.0m $2.0m 0.16% Reduced -59.6k -59,614
10 Logan Stone Capital, LLC 0.40% of their portfolio CHICAGO, IL 169,201169.2k $1.9m $1.9m 0.40% Reduced -14.1k -14,100
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 130,047130.0k $1.4m $1.4m 0.00% Added +11.6k +11,599
12 AQR Arbitrage LLC 0.05% of their portfolio Greenwich, CT 122,886122.9k $1.4m $1.4m 0.05% Reduced -20.2k -20,185
13 SIT INVESTMENT ASSOCIATES INC 0.02% of their portfolio Minneapolis, MN 91,20191.2k $1.0m $1.0m 0.02% Added +46.2k +46,245
14 GILL CAPITAL PARTNERS, LLC 0.40% of their portfolio DENVER, CO 89,51389.5k $988.2k $988.2k 0.40% Added +38 +38
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 76,60176.6k $848.0k $848.0k 0.00% Added +44.7k +44,730
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 76,05476.1k $841.9k $841.9k 0.00% Reduced -4.3k -4,293
17 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 66,89466.9k $740.5k $740.5k 0.00% Reduced -973 -973
18 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 56,81456.8k $628.9k $628.9k 0.00% Reduced -283 -283
19 ProVise Management Group, LLC 0.05% of their portfolio CLEARWATER, FL 47,37647.4k $524.5k $524.5k 0.05% Reduced -2.3k -2,338
20 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 45,69545.7k $505.8k $505.8k 0.01% Reduced -894 -894
21 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 44,87044.9k $496.7k $496.7k 0.00% Added +1.0k +1,022
22 WHITEBOX ADVISORS LLC 0.02% of their portfolio MINNEAPOLIS, MN 39,55039.5k $437.8k $437.8k 0.02% New
23 HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 35,18935.2k $389.5k $389.5k 0.01% Unchanged
24 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 31,50031.5k $348.7k $348.7k 0.01% Unchanged
25 Capital Market Strategies LLC 0.23% of their portfolio PALM BEACH GARDENS, FL 27,06127.1k $299.6k $299.6k 0.23% Reduced -975 -975
26 SARD WEALTH MANAGEMENT GROUP, LLC 0.25% of their portfolio ATLANTA, GA 25,27625.3k $279.8k $279.8k 0.25% Unchanged
27 Fort Point Capital Partners LLC 0.04% of their portfolio San Francisco, CA 24,64124.6k $272.8k $272.8k 0.04% Added +11.1k +11,078
28 Thomas J. Herzfeld Advisors, Inc. 0.09% of their portfolio MIAMI BEACH, FL 23,65223.7k $261.8k $261.8k 0.09% Added +6.8k +6,846
29 XML Financial, LLC 0.03% of their portfolio BETHESDA, MD 23,23023.2k $257.2k $257.2k 0.03% Added +2.4k +2,360
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 19,44819.4k $215.3k $215.3k 0.00% Added +4.0k +3,963
31 Almitas Capital LLC 0.08% of their portfolio SANTA MONICA, CA 17,87317.9k $197.9k $197.9k 0.08% Unchanged
32 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 14,31614.3k $158.5k $158.5k 0.00% Unchanged
33 Cedar Brook Financial Partners, LLC 0.03% of their portfolio CLEVELAND, OH 13,94713.9k $154.4k $154.4k 0.03% Reduced -868 -868
34 Catalina Capital Group, LLC 0.05% of their portfolio Torrance, CA 11,37411.4k $125.9k $125.9k 0.05% Unchanged
35 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 10,94610.9k $121.2k $121.2k 0.00% Unchanged
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,10110.1k $112.0k $112.0k 0.00% Unchanged
37 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio BLUE BELL, PA 9,1089.1k $100.8k $100.8k 0.02% Added +4.2k +4,236
38 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,2298.2k $91.1k $91.1k 0.00% Added +5.1k +5,070
39 AMERICAN NATIONAL BANK & TRUST 0.01% of their portfolio WICHITA FALLS, TX 4,7334.7k $52.4k $52.4k 0.01% Reduced -3.6k -3,610
40 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 3,6883.7k $40.8k $40.8k 0.00% New
41 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,0001.0k $11.0k $11.0k 0.00% Unchanged
42 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 405405 $4.5k $4.5k 0.00% Unchanged
43 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 333333 $3.7k $3.7k 0.00% Unchanged
44 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 300300 $3.0k $3.0k 0.00% Unchanged
45 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 132132 $1.5k $1.5k 0.00% Added +1 +1
46 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2929 $317 $317 0.00% Reduced -13 -13
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged