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 ≈ $11.11.
Trends to Q4 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 |
| Q4 2025 | 44 |
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 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 |
| Q4 2025 | 18 | 13 |
Biggest buyers
| Pathstone Holdings, LLC | Added | +213.8k |
| ROBINSON CAPITAL MANAGEMENT, LLC | New | +152.8k |
| GUGGENHEIM CAPITAL LLC | Added | +62.8k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Added | +56.1k |
| RIVERBRIDGE PARTNERS LLC | Added | +32.5k |
| Thomas J. Herzfeld Advisors, Inc. | New | +29.7k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | New | +25.1k |
| Bank of New York Mellon Corp | New | +14.5k |
| Savvy Advisors, Inc. | New | +12.9k |
| JANE STREET GROUP, LLC | New | +10.8k |
Biggest sellers
| RAYMOND JAMES FINANCIAL INC | Reduced | -32.6k |
| TRUIST FINANCIAL CORP | Sold out | -26.4k |
| CITADEL ADVISORS LLC | Sold out | -15.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -12.7k |
| Saba Capital Management, L.P. | Reduced | -9.6k |
| Steward Partners Investment Advisory, LLC | Reduced | -8.1k |
| GILL CAPITAL PARTNERS, LLC | Reduced | -7.4k |
| Logan Stone Capital, LLC | Reduced | -6.6k |
| WELLS FARGO & COMPANY/MN | Reduced | -6.1k |
| Center for Financial Planning, Inc. | Sold out | -2.0k |
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 Q4 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.
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Pathstone Holdings, LLC 0.02% of their portfolio | 553.6k $6.2m | Added +213.8k |
| Saba Capital Management, L.P. 0.14% of their portfolio | 365.3k $4.1m | Reduced -9.6k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 286.1k $3.2m | Added +62.8k |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.71% of their portfolio | 152.8k $1.7m | New |
| Matisse Capital 0.64% of their portfolio | 128.8k $1.4m | Unchanged |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.11% of their portfolio | 127.7k $1.4m | Added +56.1k |
| RIVERBRIDGE PARTNERS LLC 0.03% of their portfolio | 125.7k $1.4m | Added +32.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 125.1k $1.4m | Reduced -12.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 93.2k $1.0m | Reduced -6.1k |
| UBS Group AG 0.00% of their portfolio | 75.1k $833.8k | Added +3.2k |
| Logan Stone Capital, LLC 0.19% of their portfolio | 68.8k $764.7k | Reduced -6.6k |
| GILL CAPITAL PARTNERS, LLC 0.22% of their portfolio | 65.4k $726.3k | Reduced -7.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 57.3k $636.4k | Reduced -32.6k |
| 1607 Capital Partners, LLC 0.03% of their portfolio | 43.5k $483.4k | Unchanged |
| North Ground Capital 0.21% of their portfolio | 38.4k $426.9k | Added +4.1k |
| Noble Wealth Management PBC 0.21% of their portfolio | 37.8k $419.4k | Added +2.0k |
| ProVise Management Group, LLC 0.03% of their portfolio | 34.2k $379.9k | Reduced -1.0k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio | 34.2k $379.6k | Unchanged |
| MELFA WEALTH MANAGEMENT, INC. 0.20% of their portfolio | 31.1k $345.8k | Added +5.0k |
| Thomas J. Herzfeld Advisors, Inc. 0.11% of their portfolio | 29.7k $330.3k | New |
| Capital Investment Advisors, LLC 0.00% of their portfolio | 29.0k $321.8k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 28.1k $312.6k | Added +2.3k |
| Closed-End Fund Advisors, Inc. 0.17% of their portfolio | 25.9k $287.8k | First filing |
| Ackerman Capital Advisors, LLC 0.06% of their portfolio | 25.6k $285.0k | Reduced -1.7k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 25.1k $279.4k | New |
| SARD WEALTH MANAGEMENT GROUP, LLC 0.13% of their portfolio | 20.6k $228.8k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 19.0k $210.6k | Reduced -8.1k |
| XML Financial, LLC 0.02% of their portfolio | 17.9k $199.1k | Unchanged |
| PFG Investments, LLC 0.01% of their portfolio | 15.7k $174.4k | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 14.5k $160.9k | New |
| Aptus Capital Advisors, LLC 0.00% of their portfolio | 12.9k $142.9k | Unchanged |
| Savvy Advisors, Inc. 0.00% of their portfolio | 12.9k $142.9k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 10.8k $120.4k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 10.7k $118.9k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 10.4k $115.0k | Added +191 |
| Camelot Portfolios, LLC 0.04% of their portfolio | 6.5k $72.2k | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio | 4.9k $54.4k | Unchanged |
| SIT INVESTMENT ASSOCIATES INC 0.00% of their portfolio | 3.7k $41.0k | Unchanged |
| Smallwood Wealth Investment Management, LLC 0.01% of their portfolio | 1.9k $21.6k | Unchanged |
| JFS WEALTH ADVISORS, LLC 0.00% of their portfolio | 350 $3.9k | Unchanged |
| Mascoma Wealth Management LLC 0.00% of their portfolio | 333 $3.7k | Unchanged |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 300 $3.0k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 298 $3.3k | Reduced -8 |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1 $7 | Unchanged |