The First Nation have reserved for themselves one reserve:
1622.9 ha Hole Water 10 Indian Reserve or Hollow Water 10 Indian Reserve, which serves as their main reserve and contains the community of Wanipigow. The reserve is adjacent to and bounded in the southwest by Seymourville, and across the river from Aghaming.
Hollow Water First Nation is governed by the Act Electoral System of government. The current leadership is Chief Larry Barker and four Councilors: Furlon Barker, Derek Bushie, Geoffrey Bushie and Henry Moneas, Jr. Their two-year term concludes on January 30, 2010. Hollow Water First Nation is a member of the Southeast Resource Development Council and a signatory to Treaty 5.