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 ≈ $11.07.
Trends to Q1 2024
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 |
| Q1 2024 | 47 |
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 |
| Q1 2024 | 19 | 18 |
Biggest buyers
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +128.2k |
| SIT INVESTMENT ASSOCIATES INC | Added | +46.2k |
| WELLS FARGO & COMPANY/MN | Added | +44.7k |
| WHITEBOX ADVISORS LLC | New | +39.5k |
| Saba Capital Management, L.P. | Added | +35.7k |
| MORGAN STANLEY | Added | +11.6k |
| Fort Point Capital Partners LLC | Added | +11.1k |
| BANK OF AMERICA CORP /DE/ | Added | +6.9k |
| Thomas J. Herzfeld Advisors, Inc. | Added | +6.8k |
| OSAIC HOLDINGS, INC. | Added | +5.1k |
Biggest sellers
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -59.6k |
| Matisse Capital | Sold out | -44.6k |
| Hennion & Walsh Asset Management, Inc. | Reduced | -41.3k |
| Fisher Asset Management, LLC | Sold out | -21.7k |
| AQR Arbitrage LLC | Reduced | -20.2k |
| JPMORGAN CHASE & CO | Sold out | -18.5k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Sold out | -17.1k |
| Logan Stone Capital, LLC | Reduced | -14.1k |
| UBS Group AG | Reduced | -4.3k |
| AMERICAN NATIONAL BANK & TRUST | Reduced | -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.
| 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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-26 | Saba Capital Management, L.P. +1 10% owner | Bought | $66.8k6.0k shares |
| 2024-03-11 | Saba Capital Management, L.P. +1 10% owner | Bought | $173.0k15.5k shares |
| 2024-03-08 | Saba Capital Management, L.P. +1 10% owner | Bought | $27.3k2.4k shares |
| 2024-03-01 | Saba Capital Management, L.P. +1 10% owner | Bought | $92.7k8.4k shares |
| 2024-01-17 | Saba Capital Management, L.P. +1 10% owner | Bought | $36.2k3.3k 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.40% of their portfolio | 1.6m $18.0m | Added +35.7k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.31% of their portfolio | 572.9k $6.3m | Added +128.2k |
| 1607 Capital Partners, LLC 0.29% of their portfolio | 317.4k $3.5m | Unchanged |
| Hennion & Walsh Asset Management, Inc. 0.16% of their portfolio | 263.9k $2.9m | Reduced -41.3k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 260.0k $2.9m | Added +4.3k |
| Alpine Global Management, LLC 0.29% of their portfolio | 237.6k $2.6m | Added +2.7k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 228.5k $2.5m | Reduced -2.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 187.1k $2.1m | Added +6.9k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.16% of their portfolio | 180.7k $2.0m | Reduced -59.6k |
| Logan Stone Capital, LLC 0.40% of their portfolio | 169.2k $1.9m | Reduced -14.1k |
| MORGAN STANLEY 0.00% of their portfolio | 130.0k $1.4m | Added +11.6k |
| AQR Arbitrage LLC 0.05% of their portfolio | 122.9k $1.4m | Reduced -20.2k |
| SIT INVESTMENT ASSOCIATES INC 0.02% of their portfolio | 91.2k $1.0m | Added +46.2k |
| GILL CAPITAL PARTNERS, LLC 0.40% of their portfolio | 89.5k $988.2k | Added +38 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 76.6k $848.0k | Added +44.7k |
| UBS Group AG 0.00% of their portfolio | 76.1k $841.9k | Reduced -4.3k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 66.9k $740.5k | Reduced -973 |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 56.8k $628.9k | Reduced -283 |
| ProVise Management Group, LLC 0.05% of their portfolio | 47.4k $524.5k | Reduced -2.3k |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 45.7k $505.8k | Reduced -894 |
| Invesco Ltd. 0.00% of their portfolio | 44.9k $496.7k | Added +1.0k |
| WHITEBOX ADVISORS LLC 0.02% of their portfolio | 39.5k $437.8k | New |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio | 35.2k $389.5k | Unchanged |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 31.5k $348.7k | Unchanged |
| Capital Market Strategies LLC 0.23% of their portfolio | 27.1k $299.6k | Reduced -975 |
| SARD WEALTH MANAGEMENT GROUP, LLC 0.25% of their portfolio | 25.3k $279.8k | Unchanged |
| Fort Point Capital Partners LLC 0.04% of their portfolio | 24.6k $272.8k | Added +11.1k |
| Thomas J. Herzfeld Advisors, Inc. 0.09% of their portfolio | 23.7k $261.8k | Added +6.8k |
| XML Financial, LLC 0.03% of their portfolio | 23.2k $257.2k | Added +2.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 19.4k $215.3k | Added +4.0k |
| Almitas Capital LLC 0.08% of their portfolio | 17.9k $197.9k | Unchanged |
| Aptus Capital Advisors, LLC 0.00% of their portfolio | 14.3k $158.5k | Unchanged |
| Cedar Brook Financial Partners, LLC 0.03% of their portfolio | 13.9k $154.4k | Reduced -868 |
| Catalina Capital Group, LLC 0.05% of their portfolio | 11.4k $125.9k | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 10.9k $121.2k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 10.1k $112.0k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio | 9.1k $100.8k | Added +4.2k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 8.2k $91.1k | Added +5.1k |
| AMERICAN NATIONAL BANK & TRUST 0.01% of their portfolio | 4.7k $52.4k | Reduced -3.6k |
| Avior Wealth Management, LLC 0.00% of their portfolio | 3.7k $40.8k | New |
| 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 | 132 $1.5k | Added +1 |
| COMERICA BANK 0.00% of their portfolio | 29 $317 | Reduced -13 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |