Vault-13

FEDERATED HERMES PREM MUNI I FMN

COM · Closed-End Fund · CUSIP 31423P108

43 institutional holders -2 vs Q2 2024
5,105,7485.1m shares reported held*
$63.4mreported value*
4 new 11 added 19 reduced 7 sold out net sold ≈ $6.0m (-483.9k 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 ≈ $12.42.

Trends to Q3 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: 45Q3 24: 4343Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202248
Q4 202246
Q1 202345
Q2 202348
Q3 202347
Q4 202349
Q1 202447
Q2 202445
Q3 202443

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 outQ1 23: 21 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 16 bought or addedQ2 23: 23 cut or sold outQ3 23: 21 bought or addedQ3 23: 21 cut or sold outQ3 23Q4 23: 20 bought or addedQ4 23: 25 cut or sold outQ1 24: 19 bought or addedQ1 24: 18 cut or sold outQ1 24Q2 24: 19 bought or addedQ2 24: 23 cut or sold outQ3 24: 15 bought or addedQ3 24: 26 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222417
Q1 20232118
Q2 20231623
Q3 20232121
Q4 20232025
Q1 20241918
Q2 20241923
Q3 20241526

Biggest buyers

ABSOLUTE INVESTMENT ADVISERS, LLC New +205,500+205.5k
Alpine Global Management, LLC Added +106,527+106.5k
Quarry LP New +78,600+78.6k
SIT INVESTMENT ASSOCIATES INC Added +45,305+45.3k
WELLS FARGO & COMPANY/MN Added +13,083+13.1k
XML Financial, LLC Added +2,600+2.6k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +2,306+2.3k
Avior Wealth Management, LLC Added +1,847+1.8k
Capital Investment Advisors, LLC Added +1,013+1.0k
RAYMOND JAMES & ASSOCIATES Added +1,000+1.0k

Biggest sellers

RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -488,120-488.1k
WHITEBOX ADVISORS LLC Sold out -95,981-96.0k
Logan Stone Capital, LLC Reduced -86,969-87.0k
GUGGENHEIM CAPITAL LLC Reduced -64,768-64.8k
RIVERBRIDGE PARTNERS LLC Sold out -45,978-46.0k
Fort Point Capital Partners LLC Sold out -27,056-27.1k
Hennion & Walsh Asset Management, Inc. Reduced -25,633-25.6k
AQR Arbitrage LLC Reduced -18,614-18.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -14,681-14.7k
MORGAN STANLEY Reduced -14,267-14.3k

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 Q3 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
101Q4 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 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20220—0——
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—1$62.7k—
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——

None reported in Q3 2024.

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 0.45% of their portfolio NEW YORK, NY 1,650,9241.7m $20.5m $20.5m 0.45% Unchanged
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.28% of their portfolio WEST PALM BEACH, FL 459,191459.2k $5.7m $5.7m 0.28% Reduced -488.1k -488,120
3 1607 Capital Partners, LLC 0.36% of their portfolio Richmond, VA 317,397317.4k $3.9m $3.9m 0.36% Unchanged
4 SIT INVESTMENT ASSOCIATES INC 0.07% of their portfolio Minneapolis, MN 265,480265.5k $3.3m $3.3m 0.07% Added +45.3k +45,305
5 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 248,916248.9k $3.1m $3.1m 0.01% Reduced -8.0k -7,955
6 Alpine Global Management, LLC 0.69% of their portfolio NEW YORK, NY 228,000228.0k $2.8m $2.8m 0.69% Added +106.5k +106,527
7 ABSOLUTE INVESTMENT ADVISERS, LLC 0.35% of their portfolio ROSEMARY BEACH, FL 205,500205.5k $2.6m $2.6m 0.35% New
8 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.21% of their portfolio London, X0 192,606192.6k $2.4m $2.4m 0.21% Added +2.3k +2,306
9 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 157,105157.1k $2.0m $2.0m 0.01% Reduced -64.8k -64,768
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 154,139154.1k $1.9m $1.9m 0.00% Reduced -8.1k -8,143
11 Hennion & Walsh Asset Management, Inc. 0.07% of their portfolio Parsippany, NJ 118,262118.3k $1.5m $1.5m 0.07% Reduced -25.6k -25,633
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 115,304115.3k $1.4m $1.4m 0.00% Added +13.1k +13,083
13 GILL CAPITAL PARTNERS, LLC 0.40% of their portfolio DENVER, CO 89,52289.5k $1.1m $1.1m 0.40% Unchanged
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 79,90879.9k $992.5k $992.5k 0.00% Added +566 +566
15 AQR Arbitrage LLC 0.02% of their portfolio Greenwich, CT 79,75279.8k $990.5k $990.5k 0.02% Reduced -18.6k -18,614
16 Quarry LP 0.30% of their portfolio NEW YORK, NY 78,60078.6k $976.2k $976.2k 0.30% New
17 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 67,89467.9k $843.2k $843.2k 0.00% Added +1.0k +1,000
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 59,15159.2k $735.0k $735.0k 0.00% Reduced -950 -950
19 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 56,56456.6k $702.5k $702.5k 0.00% Reduced -5 -5
20 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 50,65450.7k $629.1k $629.1k 0.00% Reduced -2.0k -1,965
21 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 44,77944.8k $556.2k $556.2k 0.00% Added +56 +56
22 ProVise Management Group, LLC 0.04% of their portfolio CLEARWATER, FL 43,95244.0k $545.9k $545.9k 0.04% Reduced -2.0k -1,975
23 Logan Stone Capital, LLC 0.12% of their portfolio CHICAGO, IL 37,17137.2k $461.7k $461.7k 0.12% Reduced -87.0k -86,969
24 HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 35,14935.1k $436.6k $436.6k 0.01% Added +190 +190
25 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 32,21332.2k $400.1k $400.1k 0.01% Added +1.0k +1,013
26 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 31,53231.5k $391.6k $391.6k 0.00% Reduced -7.4k -7,393
27 XML Financial, LLC 0.03% of their portfolio BETHESDA, MD 25,83025.8k $320.8k $320.8k 0.03% Added +2.6k +2,600
28 SARD WEALTH MANAGEMENT GROUP, LLC 0.21% of their portfolio ATLANTA, GA 25,27625.3k $313.9k $313.9k 0.21% Unchanged
29 Capital Market Strategies LLC 0.19% of their portfolio PALM BEACH GARDENS, FL 25,01125.0k $310.6k $310.6k 0.19% Reduced -950 -950
30 Thomas J. Herzfeld Advisors, Inc. 0.09% of their portfolio MIAMI BEACH, FL 22,81322.8k $283.3k $283.3k 0.09% Reduced -12.3k -12,275
31 OXFORD ASSET MANAGEMENT LLP 0.22% of their portfolio OXFORD, X0 21,42021.4k $266.0k $266.0k 0.22% Not comparable
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 18,17318.2k $225.7k $225.7k 0.00% Reduced -14.3k -14,267
33 Almitas Capital LLC 0.07% of their portfolio SANTA MONICA, CA 15,17015.2k $188.4k $188.4k 0.07% Reduced -2.7k -2,703
34 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 14,31614.3k $177.8k $177.8k 0.00% Unchanged
35 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 10,94610.9k $135.9k $135.9k 0.00% Unchanged
36 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.00% of their portfolio LOS ANGELES, CA 10,92410.9k $135.7k $135.7k 0.00% Reduced -2.1k -2,138
37 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio BLUE BELL, PA 6,9086.9k $85.8k $85.8k 0.02% Reduced -2.2k -2,200
38 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 5,5345.5k $68.7k $68.7k 0.00% Added +1.8k +1,847
39 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,0293.0k $37.6k $37.6k 0.00% Reduced -5.4k -5,366
40 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 333333 $4.1k $4.1k 0.00% Unchanged
41 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 300300 $3.0k $3.0k 0.00% New
42 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 100100 $1.2k $1.2k 0.00% New
43 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged