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 ≈ $11.04.
Trends to Q3 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 |
| Q3 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 |
|---|---|---|
| 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 |
| Q3 2025 | 11 | 14 |
Biggest buyers
| Pathstone Holdings, LLC | Added | +80.0k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Added | +36.7k |
| Steward Partners Investment Advisory, LLC | New | +27.1k |
| PFG Investments, LLC | New | +15.7k |
| CITADEL ADVISORS LLC | New | +15.7k |
| North Ground Capital | Added | +14.5k |
| MORGAN STANLEY | Added | +12.9k |
| RIVERBRIDGE PARTNERS LLC | Added | +2.7k |
| Center for Financial Planning, Inc. | New | +2.0k |
| RAYMOND JAMES FINANCIAL INC | Added | +396 |
Biggest sellers
| GUGGENHEIM CAPITAL LLC | Reduced | -52.4k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -39.2k |
| WOLVERINE ASSET MANAGEMENT LLC | Sold out | -35.5k |
| 1607 Capital Partners, LLC | Reduced | -32.5k |
| WELLS FARGO & COMPANY/MN | Reduced | -20.5k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Sold out | -17.8k |
| GILL CAPITAL PARTNERS, LLC | Reduced | -16.7k |
| ROYAL BANK OF CANADA | Reduced | -8.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -5.5k |
| Logan Stone Capital, LLC | Reduced | -4.0k |
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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.14% of their portfolio | 374.9k $4.1m | Unchanged |
| Pathstone Holdings, LLC 0.01% of their portfolio | 339.8k $3.8m | Added +80.0k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 223.2k $2.5m | Reduced -52.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 137.8k $1.5m | Reduced -5.5k |
| Matisse Capital 0.64% of their portfolio | 128.8k $1.4m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 99.3k $1.1m | Reduced -20.5k |
| RIVERBRIDGE PARTNERS LLC 0.02% of their portfolio | 93.2k $1.0m | Added +2.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 89.9k $992.7k | Added +396 |
| Logan Stone Capital, LLC 0.38% of their portfolio | 75.4k $833.0k | Reduced -4.0k |
| GILL CAPITAL PARTNERS, LLC 0.25% of their portfolio | 72.8k $803.6k | Reduced -16.7k |
| UBS Group AG 0.00% of their portfolio | 71.9k $793.5k | Reduced -1.4k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.06% of their portfolio | 71.6k $790.5k | Added +36.7k |
| 1607 Capital Partners, LLC 0.04% of their portfolio | 43.5k $480.4k | Reduced -32.5k |
| Noble Wealth Management PBC 0.21% of their portfolio | 35.7k $394.1k | First filing |
| ProVise Management Group, LLC 0.03% of their portfolio | 35.2k $388.5k | Reduced -1.2k |
| North Ground Capital 0.23% of their portfolio | 34.4k $379.5k | Added +14.5k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 34.2k $377.2k | Reduced -190 |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 29.0k $319.8k | Unchanged |
| Ackerman Capital Advisors, LLC 0.06% of their portfolio | 27.4k $302.1k | Reduced -2.1k |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 27.1k $299.0k | New |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 26.4k $291.8k | Unchanged |
| MELFA WEALTH MANAGEMENT, INC. 0.17% of their portfolio | 26.1k $288.4k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 25.8k $285.3k | Added +12.9k |
| SARD WEALTH MANAGEMENT GROUP, LLC 0.13% of their portfolio | 20.6k $227.4k | Unchanged |
| XML Financial, LLC 0.02% of their portfolio | 17.9k $197.8k | Unchanged |
| PFG Investments, LLC 0.01% of their portfolio | 15.7k $173.3k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 15.7k $173.2k | New |
| Aptus Capital Advisors, LLC 0.00% of their portfolio | 12.9k $142.0k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 10.2k $113.0k | Reduced -8.1k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio | 4.9k $54.1k | Unchanged |
| SIT INVESTMENT ASSOCIATES INC 0.00% of their portfolio | 3.7k $41.0k | Unchanged |
| Center for Financial Planning, Inc. 0.00% of their portfolio | 2.0k $22.1k | New |
| Smallwood Wealth Investment Management, LLC 0.01% of their portfolio | 1.9k $21.5k | Unchanged |
| JFS WEALTH ADVISORS, LLC 0.00% of their portfolio | 350 $3.9k | New |
| Mascoma Wealth Management LLC 0.00% of their portfolio | 333 $3.7k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 306 $3.3k | Unchanged |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 300 $3.0k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1 $7 | Unchanged |