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 ≈ $10.87.
Trends to Q1 2025
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 |
| Q1 2025 | 40 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 16 | 17 |
Biggest buyers
| Pathstone Holdings, LLC | Added | +127.6k |
| RIVERBRIDGE PARTNERS LLC | Added | +45.6k |
| GUGGENHEIM CAPITAL LLC | Added | +39.1k |
| Logan Stone Capital, LLC | Added | +37.2k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +30.9k |
| MELFA WEALTH MANAGEMENT, INC. | New | +24.5k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | New | +17.5k |
| Noble Wealth Management PBC | Added | +11.4k |
| RAYMOND JAMES FINANCIAL INC | Added | +10.0k |
| Ackerman Capital Advisors, LLC | Added | +7.3k |
Biggest sellers
| Invesco Ltd. | Sold out | -36.0k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Reduced | -34.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -28.8k |
| Alpine Global Management, LLC | Sold out | -20.1k |
| HighTower Advisors, LLC | Sold out | -18.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -11.2k |
| WELLS FARGO & COMPANY/MN | Reduced | -4.3k |
| SIGNATUREFD, LLC | Reduced | -4.1k |
| Avior Wealth Management, LLC | Sold out | -3.6k |
| UBS Group AG | Reduced | -2.8k |
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 Q1 2025
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 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 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.11% of their portfolio | 374.9k $4.1m | Unchanged |
| Pathstone Holdings, LLC 0.01% of their portfolio | 270.2k $3.0m | Added +127.6k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 207.1k $2.2m | Added +39.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 150.9k $1.6m | Reduced -28.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 119.3k $1.3m | Reduced -4.3k |
| GILL CAPITAL PARTNERS, LLC 0.34% of their portfolio | 89.5k $972.2k | Unchanged |
| RIVERBRIDGE PARTNERS LLC 0.02% of their portfolio | 86.6k $940.3k | Added +45.6k |
| Logan Stone Capital, LLC 0.43% of their portfolio | 84.5k $917.6k | Added +37.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 81.3k $882.6k | Added +10.0k |
| 1607 Capital Partners, LLC 0.07% of their portfolio | 76.1k $826.0k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 74.2k $805.3k | Reduced -2.8k |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.24% of their portfolio | 53.2k $578.1k | Reduced -34.7k |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 52.6k $571.3k | Added +30.9k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 52.4k $568.8k | Added +2.1k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.06% of their portfolio | 50.5k $548.7k | Unchanged |
| WHITEBOX ADVISORS LLC 0.02% of their portfolio | 46.4k $504.2k | Unchanged |
| Ackerman Capital Advisors, LLC 0.12% of their portfolio | 41.3k $448.6k | Added +7.3k |
| Noble Wealth Management PBC 0.28% of their portfolio | 37.7k $409.4k | Added +11.4k |
| ProVise Management Group, LLC 0.03% of their portfolio | 36.4k $395.1k | Added +900 |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 34.4k $373.1k | Reduced -720 |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 29.0k $314.5k | Unchanged |
| SARD WEALTH MANAGEMENT GROUP, LLC 0.18% of their portfolio | 25.3k $274.5k | Unchanged |
| MELFA WEALTH MANAGEMENT, INC. 0.18% of their portfolio | 24.5k $265.7k | New |
| North Ground Capital 0.24% of their portfolio | 22.1k $233.8k | Reduced -1.5k |
| Capital Market Strategies LLC 0.15% of their portfolio | 20.5k $223.0k | Added +1.5k |
| XML Financial, LLC 0.02% of their portfolio | 20.5k $222.8k | Reduced -560 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio | 17.5k $190.0k | New |
| Aptus Capital Advisors, LLC 0.00% of their portfolio | 14.3k $155.5k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 13.1k $142.8k | Reduced -215 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 9.2k $99.0k | Unchanged |
| SIT INVESTMENT ASSOCIATES INC 0.00% of their portfolio | 3.7k $40.0k | Reduced -1.5k |
| AMERICAN NATIONAL BANK & TRUST 0.00% of their portfolio | 3.5k $38.4k | New |
| Financial Gravity Asset Management, Inc. 0.01% of their portfolio | 3.3k $35.4k | First filing |
| Smallwood Wealth Investment Management, LLC 0.01% of their portfolio | 1.9k $21.1k | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 1.8k $19.4k | Added +1.8k |
| 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 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 117 $1.3k | Reduced -461 |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1 $7 | Reduced -4.1k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |