13F-HR: Federated Hermes Discloses $45.5 Billion in Holdings for Q3 2024

Federated Hermes, Inc. reports managing over $45.5 billion in assets across various investment managers for the quarter ending September 30, 2024.

Summary

• Federated Hermes, Inc. filed its Form 13F report, disclosing its holdings as of September 30, 2024.
• The total value of reported holdings amounts to $45,540,436,891.
• The report includes holdings from seven other investment managers affiliated with Federated Hermes.
• A total of 4,016 entries are listed in the Form 13F Information Table.
• The filing indicates that Federated Hermes is deemed to share investment discretion over all investments reported, though this is not an admission of such discretion.

Sentiment

Score: 7

Explanation: The document is a factual report of holdings, so the sentiment is neutral. However, the large value of holdings and the inclusion of multiple managers suggests a strong and diverse investment operation.

Positives

• The document provides a comprehensive overview of Federated Hermes' investment portfolio.
• The detailed holdings information offers transparency into the firm's investment strategies.
• The inclusion of multiple affiliated managers provides a broad view of the firm's overall investment activities.

Risks

• The report does not provide any analysis of the performance of the holdings.
• The document does not offer any forward-looking statements or guidance.
• The report is a snapshot in time and does not reflect any changes in holdings since September 30, 2024.

Management Comments

• The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.
• By virtue of Rule 13F-1(b) under the Securities Exchange Act of 1934, Federated Hermes is deemed to share investment discretion over all investments reported herein.
• This filing does not constitute an admission that such investment discretion does in fact exist, but is made solely to comply with applicable law.

Industry Context

This filing is a standard quarterly report required by the SEC for institutional investment managers, providing transparency into their holdings and investment strategies. It allows investors and the public to see the positions of large investment firms.

Comparison to Industry Standards

• The filing is consistent with the requirements of Form 13F, which mandates the disclosure of equity holdings by institutional investment managers managing over $100 million in assets.
• The level of detail provided, including the number of shares and their values, is standard for these reports.
• The inclusion of multiple affiliated managers is common for large asset management firms with various subsidiaries and investment strategies.
• The reported total value of holdings is within the range of other large asset managers, indicating a significant but not unusual scale of operations.

Stakeholder Impact

• Shareholders of Federated Hermes and its affiliated funds can use this report to understand the firm's investment positions.
• The report provides transparency to the market regarding the holdings of a major institutional investor.
• The information may influence the trading decisions of other market participants.

Key Dates

Keywords

Form 13F, Federated Hermes, institutional investment manager, holdings, investment discretion, asset management, portfolio