Vault-13

FEDERATED HERMES PREM MUNI I FMN

COM · Closed-End Fund · CUSIP 31423P108

45 institutional holders -2 vs Q1 2024
5,568,2425.6m shares reported held*
$63.6mreported value*
5 new 14 added 16 reduced 7 sold out net bought ≈ $3.6m (+316.5k 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 ≈ $11.43.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 48Q4 22: 46Q1 23: 45Q2 23: 48Q3 23: 47Q4 23: 49Q1 24: 47Q2 24: 4545Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202248
Q4 202246
Q1 202345
Q2 202348
Q3 202347
Q4 202349
Q1 202447
Q2 202445

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 outQ2 23: 16 bought or addedQ2 23: 23 cut or sold outQ2 23Q3 23: 21 bought or addedQ3 23: 21 cut or sold outQ4 23: 20 bought or addedQ4 23: 25 cut or sold outQ4 23Q1 24: 19 bought or addedQ1 24: 18 cut or sold outQ2 24: 19 bought or addedQ2 24: 23 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222417
Q1 20232118
Q2 20231623
Q3 20232121
Q4 20232025
Q1 20241918
Q2 20241923

Biggest buyers

RIVERNORTH CAPITAL MANAGEMENT, LLC Added +374,444+374.4k
SIT INVESTMENT ASSOCIATES INC Added +128,974+129.0k
WHITEBOX ADVISORS LLC Added +56,431+56.4k
Kestra Advisory Services, LLC New +52,619+52.6k
ROYAL BANK OF CANADA Added +50,000+50.0k
WELLS FARGO & COMPANY/MN Added +25,620+25.6k
Saba Capital Management, L.P. Added +20,534+20.5k
Bank of New York Mellon Corp Added +19,477+19.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +14,681+14.7k
SIGNATURE ESTATE & INVESTMENT ADVISORS LLC New +13,062+13.1k

Biggest sellers

Hennion & Walsh Asset Management, Inc. Reduced -119,956-120.0k
Alpine Global Management, LLC Reduced -116,121-116.1k
MORGAN STANLEY Reduced -97,607-97.6k
Logan Stone Capital, LLC Reduced -45,061-45.1k
BANK OF AMERICA CORP /DE/ Reduced -24,832-24.8k
AQR Arbitrage LLC Reduced -24,520-24.5k
Cedar Brook Financial Partners, LLC Sold out -13,947-13.9k
Catalina Capital Group, LLC Sold out -11,374-11.4k
GUGGENHEIM CAPITAL LLC Reduced -6,650-6.7k
AMERICAN NATIONAL BANK & TRUST Sold out -4,733-4.7k

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 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
101Q3 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 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20220—0——
Q4 20220—0——
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—1$62.7k—
Q1 20240—0——
Q2 20240—0——
DateInsiderTradeSharesPrice ValueTheir holding
2024-04-02 Saba Capital Management, L.P. +1 10% owner Bought 10,726 $11.02 $118.2k10.7k shares +1%
2024-04-01 Saba Capital Management, L.P. +1 10% owner Bought 9,808 $11.03 $108.2k9.8k 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 0.42% of their portfolio NEW YORK, NY 1,650,9241.7m $18.9m $18.9m 0.42% Added +20.5k +20,534
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.51% of their portfolio WEST PALM BEACH, FL 947,311947.3k $10.8m $10.8m 0.51% Added +374.4k +374,444
3 1607 Capital Partners, LLC 0.32% of their portfolio Richmond, VA 317,397317.4k $3.6m $3.6m 0.32% Unchanged
4 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 256,871256.9k $2.9m $2.9m 0.01% Reduced -3.2k -3,157
5 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 221,873221.9k $2.5m $2.5m 0.02% Reduced -6.7k -6,650
6 SIT INVESTMENT ASSOCIATES INC 0.06% of their portfolio Minneapolis, MN 220,175220.2k $2.5m $2.5m 0.06% Added +129.0k +128,974
7 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.19% of their portfolio London, X0 190,300190.3k $2.2m $2.2m 0.19% Added +9.6k +9,572
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 162,282162.3k $1.9m $1.9m 0.00% Reduced -24.8k -24,832
9 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 143,895143.9k $1.6m $1.6m 0.08% Reduced -120.0k -119,956
10 Logan Stone Capital, LLC 0.37% of their portfolio CHICAGO, IL 124,140124.1k $1.4m $1.4m 0.37% Reduced -45.1k -45,061
11 Alpine Global Management, LLC 0.24% of their portfolio NEW YORK, NY 121,473121.5k $1.4m $1.4m 0.24% Reduced -116.1k -116,121
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 102,221102.2k $1.2m $1.2m 0.00% Added +25.6k +25,620
13 AQR Arbitrage LLC 0.03% of their portfolio Greenwich, CT 98,36698.4k $1.1m $1.1m 0.03% Reduced -24.5k -24,520
14 WHITEBOX ADVISORS LLC 0.04% of their portfolio MINNEAPOLIS, MN 95,98196.0k $1.1m $1.1m 0.04% Added +56.4k +56,431
15 GILL CAPITAL PARTNERS, LLC 0.40% of their portfolio DENVER, CO 89,52289.5k $1.0m $1.0m 0.40% Added +9 +9
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 79,34279.3k $906.9k $906.9k 0.00% Added +3.3k +3,288
17 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 66,89466.9k $764.6k $764.6k 0.00% Unchanged
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 60,10160.1k $687.0k $687.0k 0.00% Added +50.0k +50,000
19 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 56,56956.6k $646.6k $646.6k 0.00% Reduced -245 -245
20 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 52,61952.6k $601.4k $601.4k 0.00% New
21 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 45,97846.0k $525.5k $525.5k 0.01% Added +283 +283
22 ProVise Management Group, LLC 0.04% of their portfolio CLEARWATER, FL 45,92745.9k $524.9k $524.9k 0.04% Reduced -1.4k -1,449
23 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 44,72344.7k $511.2k $511.2k 0.00% Reduced -147 -147
24 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 38,92538.9k $444.9k $444.9k 0.00% Added +19.5k +19,477
25 Thomas J. Herzfeld Advisors, Inc. 0.14% of their portfolio MIAMI BEACH, FL 35,08835.1k $401.1k $401.1k 0.14% Added +11.4k +11,436
26 HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 34,95935.0k $399.6k $399.6k 0.01% Reduced -230 -230
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 32,44032.4k $370.8k $370.8k 0.00% Reduced -97.6k -97,607
28 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 31,20031.2k $356.6k $356.6k 0.01% Reduced -300 -300
29 Fort Point Capital Partners LLC 0.04% of their portfolio San Francisco, CA 27,05627.1k $309.2k $309.2k 0.04% Added +2.4k +2,415
30 Capital Market Strategies LLC 0.19% of their portfolio PALM BEACH GARDENS, FL 25,96126.0k $296.7k $296.7k 0.19% Reduced -1.1k -1,100
31 SARD WEALTH MANAGEMENT GROUP, LLC 0.20% of their portfolio ATLANTA, GA 25,27625.3k $288.9k $288.9k 0.20% Unchanged
32 XML Financial, LLC 0.03% of their portfolio BETHESDA, MD 23,23023.2k $265.5k $265.5k 0.03% Unchanged
33 Almitas Capital LLC 0.08% of their portfolio SANTA MONICA, CA 17,87317.9k $204.3k $204.3k 0.08% Unchanged
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,68114.7k $167.8k $167.8k 0.00% New
35 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 14,31614.3k $163.6k $163.6k 0.00% Unchanged
36 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.00% of their portfolio LOS ANGELES, CA 13,06213.1k $149.3k $149.3k 0.00% New
37 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 10,94610.9k $125.1k $125.1k 0.00% Unchanged
38 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio BLUE BELL, PA 9,1089.1k $104.1k $104.1k 0.02% Unchanged
39 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,3958.4k $96.0k $96.0k 0.00% Added +166 +166
40 Camelot Portfolios, LLC 0.03% of their portfolio Maumee, OH 4,5004.5k $51.4k $51.4k 0.03% New
41 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 3,6873.7k $42.1k $42.1k 0.00% Reduced -1 -1
42 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,3222.3k $26.5k $26.5k 0.00% New
43 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 333333 $3.8k $3.8k 0.00% Unchanged
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged
45 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 00 $3 $3 0.00% Reduced -132 -132