Vault-13

FEDERATED HERMES PREM MUNI I FMN

COM · Closed-End Fund · CUSIP 31423P108

44 institutional holders +6 vs Q3 2025
2,771,1282.8m shares reported held*
$30.8mreported value*
8 new 10 added 10 reduced 3 sold out net bought ≈ $5.7m (+514.9k shares)

* 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

0204060Q3 22: 48Q4 22: 46Q1 23: 45Q2 23: 48Q3 23: 47Q4 23: 49Q1 24: 47Q2 24: 45Q3 24: 43Q4 24: 42Q1 25: 40Q2 25: 38Q3 25: 38Q4 25: 4444Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202248
Q4 202246
Q1 202345
Q2 202348
Q3 202347
Q4 202349
Q1 202447
Q2 202445
Q3 202443
Q4 202442
Q1 202540
Q2 202538
Q3 202538
Q4 202544

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q1 24: 19 bought or addedQ1 24: 18 cut or sold outQ2 24: 19 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 26 cut or sold outQ4 24: 14 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 16 bought or addedQ1 25: 17 cut or sold outQ2 25: 11 bought or addedQ2 25: 17 cut or sold outQ2 25Q3 25: 11 bought or addedQ3 25: 14 cut or sold outQ4 25: 18 bought or addedQ4 25: 13 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241918
Q2 20241923
Q3 20241526
Q4 20241430
Q1 20251617
Q2 20251117
Q3 20251114
Q4 20251813

Biggest buyers

Pathstone Holdings, LLC Added +213,759+213.8k
ROBINSON CAPITAL MANAGEMENT, LLC New +152,782+152.8k
GUGGENHEIM CAPITAL LLC Added +62,843+62.8k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +56,109+56.1k
RIVERBRIDGE PARTNERS LLC Added +32,478+32.5k
Thomas J. Herzfeld Advisors, Inc. New +29,727+29.7k
RIVERNORTH CAPITAL MANAGEMENT, LLC New +25,150+25.1k
Bank of New York Mellon Corp New +14,483+14.5k
Savvy Advisors, Inc. New +12,866+12.9k
JANE STREET GROUP, LLC New +10,840+10.8k

Biggest sellers

RAYMOND JAMES FINANCIAL INC Reduced -32,639-32.6k
TRUIST FINANCIAL CORP Sold out -26,434-26.4k
CITADEL ADVISORS LLC Sold out -15,688-15.7k
BANK OF AMERICA CORP /DE/ Reduced -12,721-12.7k
Saba Capital Management, L.P. Reduced -9,582-9.6k
Steward Partners Investment Advisory, LLC Reduced -8,130-8.1k
GILL CAPITAL PARTNERS, LLC Reduced -7,423-7.4k
Logan Stone Capital, LLC Reduced -6,622-6.6k
WELLS FARGO & COMPANY/MN Reduced -6,124-6.1k
Center for Financial Planning, Inc. Sold out -2,000-2.0k

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.

HolderStakeChangeShares Last filed
BANK OF AMERICA CORP /DE/ 13D · may seek influence no change · filed 2026-04-06 100.0% no change 1.1k 2026-04-06

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 553,607553.6k $6.2m $6.2m 0.02% Added +213.8k +213,759
2 Saba Capital Management, L.P. 0.14% of their portfolio NEW YORK, NY 365,326365.3k $4.1m $4.1m 0.14% Reduced -9.6k -9,582
3 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 286,092286.1k $3.2m $3.2m 0.02% Added +62.8k +62,843
4 ROBINSON CAPITAL MANAGEMENT, LLC 0.71% of their portfolio GROSSE POINTE FARMS, MI 152,782152.8k $1.7m $1.7m 0.71% New
5 Matisse Capital 0.64% of their portfolio PORTLAND, OR 128,815128.8k $1.4m $1.4m 0.64% Unchanged
6 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.11% of their portfolio London, X0 127,714127.7k $1.4m $1.4m 0.11% Added +56.1k +56,109
7 RIVERBRIDGE PARTNERS LLC 0.03% of their portfolio MINNEAPOLIS, MN 125,699125.7k $1.4m $1.4m 0.03% Added +32.5k +32,478
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 125,057125.1k $1.4m $1.4m 0.00% Reduced -12.7k -12,721
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 93,16893.2k $1.0m $1.0m 0.00% Reduced -6.1k -6,124
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 75,05375.1k $833.8k $833.8k 0.00% Added +3.2k +3,178
11 Logan Stone Capital, LLC 0.19% of their portfolio CHICAGO, IL 68,82768.8k $764.7k $764.7k 0.19% Reduced -6.6k -6,622
12 GILL CAPITAL PARTNERS, LLC 0.22% of their portfolio DENVER, CO 65,37065.4k $726.3k $726.3k 0.22% Reduced -7.4k -7,423
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 57,28157.3k $636.4k $636.4k 0.00% Reduced -32.6k -32,639
14 1607 Capital Partners, LLC 0.03% of their portfolio Richmond, VA 43,51043.5k $483.4k $483.4k 0.03% Unchanged
15 North Ground Capital 0.21% of their portfolio Cohasset, MA 38,42938.4k $426.9k $426.9k 0.21% Added +4.1k +4,058
16 Noble Wealth Management PBC 0.21% of their portfolio GREENWOOD VILLAGE, CO 37,75037.8k $419.4k $419.4k 0.21% Added +2.0k +2,050
17 ProVise Management Group, LLC 0.03% of their portfolio CLEARWATER, FL 34,19434.2k $379.9k $379.9k 0.03% Reduced -1.0k -1,000
18 HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 34,17034.2k $379.6k $379.6k 0.01% Unchanged
19 MELFA WEALTH MANAGEMENT, INC. 0.20% of their portfolio WESTBOROUGH, MA 31,12131.1k $345.8k $345.8k 0.20% Added +5.0k +5,000
20 Thomas J. Herzfeld Advisors, Inc. 0.11% of their portfolio MIAMI BEACH, FL 29,72729.7k $330.3k $330.3k 0.11% New
21 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 28,96329.0k $321.8k $321.8k 0.00% Unchanged
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 28,13928.1k $312.6k $312.6k 0.00% Added +2.3k +2,296
23 Closed-End Fund Advisors, Inc. 0.17% of their portfolio RICHMOND, VA 25,90325.9k $287.8k $287.8k 0.17% First filing
24 Ackerman Capital Advisors, LLC 0.06% of their portfolio DALLAS, TX 25,65025.6k $285.0k $285.0k 0.06% Reduced -1.7k -1,711
25 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.01% of their portfolio WEST PALM BEACH, FL 25,15025.1k $279.4k $279.4k 0.01% New
26 SARD WEALTH MANAGEMENT GROUP, LLC 0.13% of their portfolio ATLANTA, GA 20,59820.6k $228.8k $228.8k 0.13% Unchanged
27 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 18,95319.0k $210.6k $210.6k 0.00% Reduced -8.1k -8,130
28 XML Financial, LLC 0.02% of their portfolio BETHESDA, MD 17,92017.9k $199.1k $199.1k 0.02% Unchanged
29 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 15,70015.7k $174.4k $174.4k 0.01% Unchanged
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 14,48314.5k $160.9k $160.9k 0.00% New
31 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 12,86612.9k $142.9k $142.9k 0.00% Unchanged
32 Savvy Advisors, Inc. 0.00% of their portfolio NEW YORK, NY 12,86612.9k $142.9k $142.9k 0.00% New
33 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 10,84010.8k $120.4k $120.4k 0.00% New
34 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,70210.7k $118.9k $118.9k 0.00% New
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,39210.4k $115.0k $115.0k 0.00% Added +191 +191
36 Camelot Portfolios, LLC 0.04% of their portfolio Maumee, OH 6,5006.5k $72.2k $72.2k 0.04% New
37 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 4,8984.9k $54.4k $54.4k 0.01% Unchanged
38 SIT INVESTMENT ASSOCIATES INC 0.00% of their portfolio Minneapolis, MN 3,6843.7k $41.0k $41.0k 0.00% Unchanged
39 Smallwood Wealth Investment Management, LLC 0.01% of their portfolio RED BANK, NJ 1,9471.9k $21.6k $21.6k 0.01% Unchanged
40 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 350350 $3.9k $3.9k 0.00% Unchanged
41 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 333333 $3.7k $3.7k 0.00% Unchanged
42 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 300300 $3.0k $3.0k 0.00% Unchanged
43 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 298298 $3.3k $3.3k 0.00% Reduced -8 -8
44 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 11 $7 $7 0.00% Unchanged