Vault-13

FEDERATED HERMES PREM MUNI I FMN

COM · Closed-End Fund · CUSIP 31423P108

42 institutional holders -1 vs Q3 2024
2,036,5942.0m shares reported held*
$22.2mreported value*
9 new 5 added 19 reduced 11 sold out net sold ≈ $33.8m (-3.1m 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 ≈ $10.91.

Trends to Q4 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: 43Q4 24: 4242Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202248
Q4 202246
Q1 202345
Q2 202348
Q3 202347
Q4 202349
Q1 202447
Q2 202445
Q3 202443
Q4 202442

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q1 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 24Q3 24: 15 bought or addedQ3 24: 26 cut or sold outQ4 24: 14 bought or addedQ4 24: 30 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232118
Q2 20231623
Q3 20232121
Q4 20232025
Q1 20241918
Q2 20241923
Q3 20241526
Q4 20241430

Biggest buyers

ROBINSON CAPITAL MANAGEMENT, LLC New +87,894+87.9k
WHITEBOX ADVISORS LLC New +46,426+46.4k
RIVERBRIDGE PARTNERS LLC New +40,962+41.0k
Ackerman Capital Advisors, LLC New +33,999+34.0k
BANK OF AMERICA CORP /DE/ Added +25,516+25.5k
WOLVERINE ASSET MANAGEMENT LLC Added +21,614+21.6k
HighTower Advisors, LLC New +18,405+18.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +11,219+11.2k
GUGGENHEIM CAPITAL LLC Added +10,856+10.9k
Logan Stone Capital, LLC Added +10,119+10.1k

Biggest sellers

Saba Capital Management, L.P. Reduced -1,276,016-1.3m
RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -459,191-459.2k
SIT INVESTMENT ASSOCIATES INC Reduced -260,343-260.3k
1607 Capital Partners, LLC Reduced -241,337-241.3k
Alpine Global Management, LLC Reduced -207,900-207.9k
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -205,500-205.5k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Reduced -142,081-142.1k
Hennion & Walsh Asset Management, Inc. Sold out -118,262-118.3k
Pathstone Holdings, LLC Reduced -106,294-106.3k
AQR Arbitrage LLC Sold out -79,752-79.8k

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 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
101Q1 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 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—1$62.7k—
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
DateInsiderTradeSharesPrice ValueTheir holding
2024-11-07 DONAHUE THOMAS R Treasurer/Trustee, FIMCO Sold 380 $11.26 $4.3k380 shares -100%
2024-10-15 DONAHUE THOMAS R Treasurer/Trustee, FIMCO Sold 1,068 $12.67 $13.5k1.1k shares -74%
2024-10-14 Saba Capital Management, L.P. +1 10% owner Sold 523,323 $12.67 $6.6m523.3k shares -32%
2024-10-09 Saba Capital Management, L.P. +1 10% owner Sold 15,315 $12.36 $189.3k15.3k shares -1%
2024-10-08 Saba Capital Management, L.P. +1 10% owner Sold 400 $12.42 $5.0k400 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 0.10% of their portfolio NEW YORK, NY 374,908374.9k $4.1m $4.1m 0.10% Reduced -1.3m -1,276,016
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 179,655179.7k $2.0m $2.0m 0.00% Added +25.5k +25,516
3 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 167,961168.0k $1.8m $1.8m 0.02% Added +10.9k +10,856
4 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 142,622142.6k $1.6m $1.6m 0.01% Reduced -106.3k -106,294
5 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 123,581123.6k $1.3m $1.3m 0.00% Added +8.3k +8,277
6 GILL CAPITAL PARTNERS, LLC 0.35% of their portfolio DENVER, CO 89,52289.5k $976.7k $976.7k 0.35% Unchanged
7 ROBINSON CAPITAL MANAGEMENT, LLC 0.39% of their portfolio GROSSE POINTE FARMS, MI 87,89487.9k $958.9k $958.9k 0.39% New
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 76,92476.9k $839.2k $839.2k 0.00% Reduced -3.0k -2,984
9 1607 Capital Partners, LLC 0.07% of their portfolio Richmond, VA 76,06076.1k $829.8k $829.8k 0.07% Reduced -241.3k -241,337
10 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 71,27371.3k $777.6k $777.6k 0.00% First filing
11 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.05% of their portfolio London, X0 50,52550.5k $551.2k $551.2k 0.05% Reduced -142.1k -142,081
12 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 50,31950.3k $549.0k $549.0k 0.00% Reduced -6.2k -6,245
13 Logan Stone Capital, LLC 0.17% of their portfolio CHICAGO, IL 47,29047.3k $515.9k $515.9k 0.17% Added +10.1k +10,119
14 WHITEBOX ADVISORS LLC 0.02% of their portfolio MINNEAPOLIS, MN 46,42646.4k $506.5k $506.5k 0.02% New
15 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 40,96241.0k $446.9k $446.9k 0.01% New
16 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 35,95736.0k $392.3k $392.3k 0.00% Reduced -8.8k -8,822
17 ProVise Management Group, LLC 0.03% of their portfolio CLEARWATER, FL 35,47935.5k $387.1k $387.1k 0.03% Reduced -8.5k -8,473
18 HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 35,08035.1k $382.7k $382.7k 0.00% Reduced -69 -69
19 Ackerman Capital Advisors, LLC 0.10% of their portfolio DALLAS, TX 33,99934.0k $370.9k $370.9k 0.10% New
20 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 28,96329.0k $316.0k $316.0k 0.01% Reduced -3.2k -3,250
21 Noble Wealth Management PBC 0.20% of their portfolio GREENWOOD VILLAGE, CO 26,30026.3k $286.9k $286.9k 0.20% First filing
22 SARD WEALTH MANAGEMENT GROUP, LLC 0.19% of their portfolio ATLANTA, GA 25,27625.3k $275.8k $275.8k 0.19% Unchanged
23 North Ground Capital 0.28% of their portfolio Cohasset, MA 23,56423.6k $257.1k $257.1k 0.28% First filing
24 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 21,71421.7k $236.9k $236.9k 0.00% Added +21.6k +21,614
25 XML Financial, LLC 0.02% of their portfolio BETHESDA, MD 21,08021.1k $230.0k $230.0k 0.02% Reduced -4.8k -4,750
26 Alpine Global Management, LLC 0.03% of their portfolio NEW YORK, NY 20,10020.1k $219.3k $219.3k 0.03% Reduced -207.9k -207,900
27 Capital Market Strategies LLC 0.12% of their portfolio PALM BEACH GARDENS, FL 19,01119.0k $207.4k $207.4k 0.12% Reduced -6.0k -6,000
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 18,40518.4k $200.8k $200.8k 0.00% New
29 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 14,31614.3k $156.8k $156.8k 0.00% Unchanged
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 13,36313.4k $145.8k $145.8k 0.00% Reduced -4.8k -4,810
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,21911.2k $122.4k $122.4k 0.00% New
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,1519.2k $100.0k $100.0k 0.00% Reduced -50.0k -50,000
33 SIT INVESTMENT ASSOCIATES INC 0.00% of their portfolio Minneapolis, MN 5,1375.1k $56.0k $56.0k 0.00% Reduced -260.3k -260,343
34 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 4,0924.1k $44.6k $44.6k 0.00% New
35 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 3,6323.6k $39.6k $39.6k 0.00% Reduced -1.9k -1,902
36 Financial Gravity Companies, Inc. 0.01% of their portfolio Lakeway, TX 3,2603.3k $35.6k $35.6k 0.01% New
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 578578 $6.3k $6.3k 0.00% Reduced -2.5k -2,451
38 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 353353 $4.0k $4.0k 0.00% New
39 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 333333 $3.6k $3.6k 0.00% Unchanged
40 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 300300 $3.0k $3.0k 0.00% Unchanged
41 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 1010 $109 $109 0.00% Reduced -6.9k -6,898
42 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged