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 ≈ $10.91.
Trends to Q4 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 |
| Q2 2024 | 45 |
| Q3 2024 | 43 |
| Q4 2024 | 42 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 21 | 18 |
| Q2 2023 | 16 | 23 |
| Q3 2023 | 21 | 21 |
| Q4 2023 | 20 | 25 |
| Q1 2024 | 19 | 18 |
| Q2 2024 | 19 | 23 |
| Q3 2024 | 15 | 26 |
| Q4 2024 | 14 | 30 |
Biggest buyers
| ROBINSON CAPITAL MANAGEMENT, LLC | New | +87.9k |
| WHITEBOX ADVISORS LLC | New | +46.4k |
| RIVERBRIDGE PARTNERS LLC | New | +41.0k |
| Ackerman Capital Advisors, LLC | New | +34.0k |
| BANK OF AMERICA CORP /DE/ | Added | +25.5k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +21.6k |
| HighTower Advisors, LLC | New | +18.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +11.2k |
| GUGGENHEIM CAPITAL LLC | Added | +10.9k |
| Logan Stone Capital, LLC | Added | +10.1k |
Biggest sellers
| Saba Capital Management, L.P. | Reduced | -1.3m |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -459.2k |
| SIT INVESTMENT ASSOCIATES INC | Reduced | -260.3k |
| 1607 Capital Partners, LLC | Reduced | -241.3k |
| Alpine Global Management, LLC | Reduced | -207.9k |
| ABSOLUTE INVESTMENT ADVISERS, LLC | Sold out | -205.5k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -142.1k |
| Hennion & Walsh Asset Management, Inc. | Sold out | -118.3k |
| Pathstone Holdings, LLC | Reduced | -106.3k |
| AQR Arbitrage LLC | Sold out | -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.
| 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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $62.7k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-11-07 | DONAHUE THOMAS R Treasurer/Trustee, FIMCO | Sold | $4.3k380 shares |
| 2024-10-15 | DONAHUE THOMAS R Treasurer/Trustee, FIMCO | Sold | $13.5k1.1k shares |
| 2024-10-14 | Saba Capital Management, L.P. +1 10% owner | Sold | $6.6m523.3k shares |
| 2024-10-09 | Saba Capital Management, L.P. +1 10% owner | Sold | $189.3k15.3k shares |
| 2024-10-08 | Saba Capital Management, L.P. +1 10% owner | Sold | $5.0k400 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.10% of their portfolio | 374.9k $4.1m | Reduced -1.3m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 179.7k $2.0m | Added +25.5k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 168.0k $1.8m | Added +10.9k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 142.6k $1.6m | Reduced -106.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 123.6k $1.3m | Added +8.3k |
| GILL CAPITAL PARTNERS, LLC 0.35% of their portfolio | 89.5k $976.7k | Unchanged |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.39% of their portfolio | 87.9k $958.9k | New |
| UBS Group AG 0.00% of their portfolio | 76.9k $839.2k | Reduced -3.0k |
| 1607 Capital Partners, LLC 0.07% of their portfolio | 76.1k $829.8k | Reduced -241.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 71.3k $777.6k | First filing |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.05% of their portfolio | 50.5k $551.2k | Reduced -142.1k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 50.3k $549.0k | Reduced -6.2k |
| Logan Stone Capital, LLC 0.17% of their portfolio | 47.3k $515.9k | Added +10.1k |
| WHITEBOX ADVISORS LLC 0.02% of their portfolio | 46.4k $506.5k | New |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 41.0k $446.9k | New |
| Invesco Ltd. 0.00% of their portfolio | 36.0k $392.3k | Reduced -8.8k |
| ProVise Management Group, LLC 0.03% of their portfolio | 35.5k $387.1k | Reduced -8.5k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 35.1k $382.7k | Reduced -69 |
| Ackerman Capital Advisors, LLC 0.10% of their portfolio | 34.0k $370.9k | New |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 29.0k $316.0k | Reduced -3.2k |
| Noble Wealth Management PBC 0.20% of their portfolio | 26.3k $286.9k | First filing |
| SARD WEALTH MANAGEMENT GROUP, LLC 0.19% of their portfolio | 25.3k $275.8k | Unchanged |
| North Ground Capital 0.28% of their portfolio | 23.6k $257.1k | First filing |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 21.7k $236.9k | Added +21.6k |
| XML Financial, LLC 0.02% of their portfolio | 21.1k $230.0k | Reduced -4.8k |
| Alpine Global Management, LLC 0.03% of their portfolio | 20.1k $219.3k | Reduced -207.9k |
| Capital Market Strategies LLC 0.12% of their portfolio | 19.0k $207.4k | Reduced -6.0k |
| HighTower Advisors, LLC 0.00% of their portfolio | 18.4k $200.8k | New |
| Aptus Capital Advisors, LLC 0.00% of their portfolio | 14.3k $156.8k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 13.4k $145.8k | Reduced -4.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 11.2k $122.4k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 9.2k $100.0k | Reduced -50.0k |
| SIT INVESTMENT ASSOCIATES INC 0.00% of their portfolio | 5.1k $56.0k | Reduced -260.3k |
| SIGNATUREFD, LLC 0.00% of their portfolio | 4.1k $44.6k | New |
| Avior Wealth Management, LLC 0.00% of their portfolio | 3.6k $39.6k | Reduced -1.9k |
| Financial Gravity Companies, Inc. 0.01% of their portfolio | 3.3k $35.6k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 578 $6.3k | Reduced -2.5k |
| BESSEMER GROUP INC 0.00% of their portfolio | 353 $4.0k | New |
| Mascoma Wealth Management LLC 0.00% of their portfolio | 333 $3.6k | Unchanged |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 300 $3.0k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 10 $109 | Reduced -6.9k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |