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 ≈ $10.94.
Trends to Q1 2026
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 |
| Q1 2026 | 42 |
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 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 |
| Q1 2026 | 21 | 17 |
Biggest buyers
| Pathstone Holdings, LLC | Added | +162.3k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +121.8k |
| Bank of New York Mellon Corp | Added | +87.0k |
| 1607 Capital Partners, LLC | Added | +47.3k |
| Karpus Management, Inc. | New | +45.2k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Added | +42.5k |
| Bulldog Investors, LLP | New | +34.2k |
| SIT INVESTMENT ASSOCIATES INC | Added | +31.3k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Added | +30.0k |
| Closed-End Fund Advisors, Inc. | Added | +25.9k |
Biggest sellers
| Saba Capital Management, L.P. | Sold out | -365.3k |
| Thomas J. Herzfeld Advisors, Inc. | Sold out | -29.7k |
| North Ground Capital | Reduced | -21.4k |
| GUGGENHEIM CAPITAL LLC | Reduced | -19.7k |
| PFG Investments, LLC | Sold out | -15.7k |
| Aptus Capital Advisors, LLC | Sold out | -12.9k |
| Steward Partners Investment Advisory, LLC | Reduced | -11.0k |
| JANE STREET GROUP, LLC | Sold out | -10.8k |
| HighTower Advisors, LLC | Sold out | -10.7k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -10.0k |
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 Q1 2026
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 Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Pathstone Holdings, LLC 0.03% of their portfolio | 715.9k $7.8m | Added +162.3k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 266.4k $2.9m | Reduced -19.7k |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.97% of their portfolio | 195.3k $2.2m | Added +42.5k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.13% of their portfolio | 157.7k $1.7m | Added +30.0k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 146.9k $1.6m | Added +121.8k |
| RIVERBRIDGE PARTNERS LLC 0.04% of their portfolio | 140.9k $1.5m | Added +15.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 133.9k $1.5m | Added +8.8k |
| Matisse Capital 0.60% of their portfolio | 128.8k $1.4m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 101.5k $1.1m | Added +87.0k |
| 1607 Capital Partners, LLC 0.07% of their portfolio | 90.8k $992.5k | Added +47.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 86.5k $945.0k | Reduced -6.7k |
| UBS Group AG 0.00% of their portfolio | 68.7k $750.8k | Reduced -6.4k |
| Logan Stone Capital, LLC 0.20% of their portfolio | 67.3k $736.0k | Reduced -1.5k |
| GILL CAPITAL PARTNERS, LLC 0.20% of their portfolio | 65.2k $712.5k | Reduced -181 |
| Closed-End Fund Advisors, Inc. 0.58% of their portfolio | 51.8k $566.3k | Added +25.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 47.2k $516.4k | Reduced -10.0k |
| Karpus Management, Inc. 0.02% of their portfolio | 45.2k $493.9k | New |
| MELFA WEALTH MANAGEMENT, INC. 0.25% of their portfolio | 39.4k $430.5k | Added +8.3k |
| Noble Wealth Management PBC 0.21% of their portfolio | 38.2k $417.5k | Added +450 |
| ProVise Management Group, LLC 0.03% of their portfolio | 35.7k $390.5k | Added +1.5k |
| SIT INVESTMENT ASSOCIATES INC 0.01% of their portfolio | 34.9k $382.0k | Added +31.3k |
| Bulldog Investors, LLP 0.08% of their portfolio | 34.2k $373.6k | New |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 34.2k $373.5k | Unchanged |
| Ackerman Capital Advisors, LLC 0.07% of their portfolio | 29.0k $317.3k | Added +3.4k |
| Capital Investment Advisors, LLC 0.00% of their portfolio | 29.0k $316.6k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 28.7k $313.7k | Added +562 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 23.1k $252.2k | New |
| SARD WEALTH MANAGEMENT GROUP, LLC 0.12% of their portfolio | 20.6k $225.1k | Unchanged |
| XML Financial, LLC 0.02% of their portfolio | 17.9k $195.9k | Unchanged |
| North Ground Capital 0.22% of their portfolio | 17.0k $186.0k | Reduced -21.4k |
| Savvy Advisors, Inc. 0.00% of their portfolio | 12.9k $140.6k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 10.2k $111.0k | Reduced -191 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 8.0k $87.1k | Reduced -11.0k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio | 4.9k $53.5k | Unchanged |
| Financial Gravity Asset Management, Inc. 0.01% of their portfolio | 3.3k $35.6k | New |
| Scarborough Advisors, LLC 0.00% of their portfolio | 2.7k $30.0k | New |
| Smallwood Wealth Investment Management, LLC 0.01% of their portfolio | 1.9k $21.3k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 702 $7.7k | New |
| 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 | 298 $3.3k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1 $7 | Unchanged |