13F-HR: Federated Hermes, Inc. Discloses Form 13F Holdings for Q1 2024

Federated Hermes, Inc.'s latest 13F filing reveals their holdings as of March 31, 2024, totaling over $43 billion across 3,695 positions.

Summary

• Federated Hermes, Inc. filed its Form 13F holdings report for the quarter ended March 31, 2024.
• The report includes holdings from Federated Investment Counseling (FIC), Federated Investment Management Company (FIM), Federated Advisory Services Company (FASC), Federated Equity Management Company of Pennsylvania (FEMCOPA), Federated Global Investment Management Corp.(Global), Federated MDT Advisers (MDT), and Hermes Investment Management Limited (HIML).
• The total value of the reported holdings amounts to $43,424,648,505 across 3,695 entries.
• The filing lists numerous positions in various companies, detailing the name of the issuer, title of class, CUSIP, FIGI, value, shares, and voting authority.
• The report indicates the number of other included managers is 7.

Sentiment

Score: 7

Explanation: The document is a factual report of holdings, so the sentiment is neutral. However, the large portfolio size and diverse holdings suggest a stable and well-managed investment firm.

Industry Context

This filing provides insight into the investment strategies and portfolio composition of a large institutional investor, Federated Hermes, and its affiliated managers. It reflects their positioning in the market as of the end of Q1 2024, which can be useful for understanding broader investment trends and sector preferences within the asset management industry.

Comparison to Industry Standards

• Comparing Federated Hermes' portfolio allocation to other large asset managers like BlackRock, Vanguard, and State Street can reveal differences in investment strategies and risk appetites.
• Analyzing sector allocations (e.g., technology, healthcare, financials) against industry benchmarks like the S&P 500 can highlight overweights or underweights, indicating specific investment theses.
• Examining specific stock holdings and comparing them to the holdings of peer firms can provide insights into stock-picking strategies and conviction levels.
• For example, if Federated Hermes has a significantly larger position in a particular stock compared to its peers, it may indicate a strong belief in the company's future prospects.

Stakeholder Impact

• The filing provides transparency to shareholders and other stakeholders regarding the investment positions of Federated Hermes and its affiliated managers.
• The investment decisions reflected in the filing can impact the market value and trading activity of the held securities.

Key Dates