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 ≈ $10.64.
Trends to Q2 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 |
| Q2 2025 | 38 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 11 | 17 |
Biggest buyers
| Matisse Capital | New | +128.8k |
| GUGGENHEIM CAPITAL LLC | Added | +68.6k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | New | +39.2k |
| ROYAL BANK OF CANADA | Added | +9.2k |
| RAYMOND JAMES FINANCIAL INC | Added | +8.3k |
| RIVERBRIDGE PARTNERS LLC | Added | +3.9k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | Added | +3.1k |
| MELFA WEALTH MANAGEMENT, INC. | Added | +1.7k |
| WELLS FARGO & COMPANY/MN | Added | +531 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Added | +308 |
Biggest sellers
| ROBINSON CAPITAL MANAGEMENT, LLC | Sold out | -53.2k |
| WHITEBOX ADVISORS LLC | Sold out | -46.4k |
| TRUIST FINANCIAL CORP | Reduced | -25.9k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -17.1k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -15.6k |
| Ackerman Capital Advisors, LLC | Reduced | -11.8k |
| Pathstone Holdings, LLC | Reduced | -10.4k |
| BANK OF AMERICA CORP /DE/ | Reduced | -7.6k |
| Logan Stone Capital, LLC | Reduced | -5.1k |
| SARD WEALTH MANAGEMENT GROUP, LLC | Reduced | -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.
| 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-04-09 | BANK OF AMERICA CORP /DE/ +1 10% owner · See Footnotes | Sold | $14213 shares |
| 2025-04-09 | BANK OF AMERICA CORP /DE/ +1 10% owner · See Footnotes | Bought | $14113 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.11% of their portfolio | 374.9k $4.0m | Unchanged |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 275.6k $2.9m | Added +68.6k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 259.8k $2.8m | Reduced -10.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 143.3k $1.5m | Reduced -7.6k |
| Matisse Capital 0.65% of their portfolio | 128.8k $1.4m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 119.8k $1.3m | Added +531 |
| RIVERBRIDGE PARTNERS LLC 0.02% of their portfolio | 90.5k $962.8k | Added +3.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 89.5k $952.5k | Added +8.3k |
| GILL CAPITAL PARTNERS, LLC 0.31% of their portfolio | 89.5k $952.5k | Unchanged |
| Logan Stone Capital, LLC 0.40% of their portfolio | 79.4k $845.2k | Reduced -5.1k |
| 1607 Capital Partners, LLC 0.07% of their portfolio | 76.1k $809.3k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 73.3k $779.8k | Reduced -865 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 39.2k $416.8k | New |
| ProVise Management Group, LLC 0.03% of their portfolio | 36.4k $387.1k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 35.5k $377.3k | Reduced -17.1k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.03% of their portfolio | 34.9k $371.6k | Reduced -15.6k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 34.4k $365.6k | Unchanged |
| Ackerman Capital Advisors, LLC 0.07% of their portfolio | 29.5k $313.6k | Reduced -11.8k |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 29.0k $308.2k | Unchanged |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 26.4k $281.3k | Reduced -25.9k |
| MELFA WEALTH MANAGEMENT, INC. 0.18% of their portfolio | 26.1k $277.9k | Added +1.7k |
| SARD WEALTH MANAGEMENT GROUP, LLC 0.14% of their portfolio | 20.6k $219.2k | Reduced -4.7k |
| North Ground Capital 0.27% of their portfolio | 19.9k $210.7k | Reduced -2.2k |
| Capital Market Strategies LLC 0.14% of their portfolio | 19.4k $206.5k | Reduced -1.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 18.3k $194.0k | Added +9.2k |
| XML Financial, LLC 0.02% of their portfolio | 17.9k $190.7k | Reduced -2.6k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.01% of their portfolio | 17.8k $189.5k | Added +308 |
| MORGAN STANLEY 0.00% of their portfolio | 13.0k $138.1k | Reduced -167 |
| Aptus Capital Advisors, LLC 0.00% of their portfolio | 12.9k $136.9k | Reduced -1.4k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio | 4.9k $52.1k | Added +3.1k |
| SIT INVESTMENT ASSOCIATES INC 0.00% of their portfolio | 3.7k $39.0k | Unchanged |
| Financial Gravity Companies, Inc. 0.01% of their portfolio | 3.3k $34.7k | First filing |
| Smallwood Wealth Investment Management, LLC 0.01% of their portfolio | 1.9k $20.7k | Unchanged |
| Mascoma Wealth Management LLC 0.00% of their portfolio | 333 $3.5k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 306 $3.3k | Added +189 |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 300 $3.0k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1 $7 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |