Total reported value
$61.5B
Reporting period: 2026-03-31 · Number of holdings: 3984
FEDERATED HERMES, INC. disclosed 3984 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $61.5B and a quarterly turnover rate of 36.1%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "F"
Add LULU
+2271.3% $433.4M
Trim JNJ
-84.2% -$407.4M
Trim MSFT
-1.5% -$361.8M
Add AMT
+365.8% $371.8M
Add CME
+176.6% $306.8M
Trim XOM
-61.4% -$262.1M
Federated Hermes is actively rotating capital out of stale defensive anchors and into high-beta momentum names this quarter. The manager systematically sheds JNJ and MSFT exposure while aggressively adding LULU, AMT, and CME to capture relative strength across consumer retail and data infrastructure.
The portfolio embeds a late-cycle expansion bet, pricing in sustained earnings revisions for tech, payroll processing, and financial clearing despite decelerating growth. The opposing thesis argues that rising rate sensitivity will crown utilities and real estate, while the crowded momentum books face severe valuation compression once the liquidity cycle turns.
A 2,049-count portfolio masks outsized single-name variance within its top tier buckets. When mid-cap liquidity dries up, the active turnover engine forces synchronized stop-loss cascades at technical breaks, accelerating portfolio drawdowns before fundamental multiples can correct.
Generated by AI based on public SEC filings. Reflects past holdings only and should not be treated as investment advice.
Showing top 2049 holdings (of 3984 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 2.60% | +0.11% | +14.47% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.30% | — | +8.26% | |
| 3 | AAPL | Apple INC | Stock-Tech | 1.90% | — | +13.17% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 1.80% | -0.66% | -1.51% | |
| 5 | ABBV | Abbvie INC | Stock-Healthcare | 1.41% | — | +4.79% | |
| 6 | AVGO | Broadcom INC | Stock-Tech | 1.20% | — | +9.89% | |
| 7 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.20% | -0.33% | -10.75% | |
| 8 | CVX | Chevron CORP | Stock-Energy | 1.18% | +0.40% | +13.90% | |
| 9 | GEV | GE Vernova INC | Stock-Industrials | 1.12% | +0.42% | +21.79% | |
| 10 | VZ | Verizon Communications INC | Stock-Comm Services | 1.11% | +0.35% | +21.67% | |
| 11 | VIK | Viking Holdings Ltd | Stock-Consumer Disc | 1.03% | — | -0.22% | |
| 12 | PFE | Pfizer INC | Stock-Healthcare | 0.98% | — | +6.07% | |
| 13 | PNC | Pnc Financial Services Group | Stock-Financials | 0.98% | — | -1.57% | |
| 14 | USB | US Bancorp | Stock-Financials | 0.97% | — | +0.24% | |
| 15 | PM | Philip Morris International | Stock-Consumer Staples | 0.93% | — | -10.43% | |
| 16 | PAYX | Paychex INC | Stock-Tech | 0.88% | +0.43% | +144.29% | |
| 17 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.84% | +0.18% | +26.70% | |
| 18 | PLD | Prologis INC | Stock-Real Estate | 0.83% | — | -11.64% | |
| 19 | DUK | Duke Energy CORP | Stock-Utilities | 0.81% | — | +5.06% | |
| 20 | FE | Firstenergy CORP | Stock-Utilities | 0.80% | +0.16% | +13.59% | |
| 21 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.80% | +0.24% | +26.30% | |
| 22 | FISV | Fiserv INC | Stock-Other | 0.79% | +0.30% | +97.65% | |
| 23 | TFC | Truist Financial CORP | Stock-Financials | 0.77% | — | -1.95% | |
| 24 | AMT | American Tower CORP | Stock-Real Estate | 0.77% | +0.60% | +365.78% | |
| 25 | AMP | Ameriprise Financial INC | Stock-Financials | 0.76% | — | +8.08% | |
| 26 | CME | Cme Group INC | Stock-Financials | 0.75% | +0.49% | +176.61% | |
| 27 | LULU | Lululemon Athletica INC | Stock-Consumer Disc | 0.75% | +0.71% | +2271.25% | |
| 28 | PEP | Pepsico INC | Stock-Consumer Staples | 0.74% | — | +9.89% | |
| 29 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.72% | +0.37% | +36.50% | |
| 30 | HWM | Howmet Aerospace INC | Stock-Industrials | 0.70% | +0.17% | +20.37% | |
| 31 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.70% | — | -1.34% | |
| 32 | AMCR | Amcor plc | Stock-Consumer Disc | 0.69% | +0.69% | NEW | |
| 33 | TER | Teradyne INC | Stock-Tech | 0.68% | +0.18% | -9.16% | |
| 34 | GE | General Electric | Stock-Industrials | 0.66% | +0.15% | +44.74% | |
| 35 | PWR | Quanta Services INC | Stock-Industrials | 0.66% | +0.19% | +10.25% | |
| 36 | KIM | Kimco Realty CORP | Stock-Real Estate | 0.65% | +0.27% | +58.24% | |
| 37 | AMGN | Amgen INC | Stock-Healthcare | 0.65% | -0.33% | -36.84% | |
| 38 | WEC | Wec Energy Group INC | Stock-Utilities | 0.64% | +0.25% | +55.09% | |
| 39 | FIX | Comfort Systems USA INC | Stock-Industrials | 0.60% | — | -15.89% | |
| 40 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.59% | — | +20.71% | |
| 41 | TTE | Totalenergies Se | Stock-Other | 0.57% | +0.15% | +0.44% | |
| 42 | FIVE | Five Below | Stock-Consumer Disc | 0.57% | — | +1.40% | |
| 43 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.55% | — | +17.68% | |
| 44 | PPL | Ppl CORP | Stock-Utilities | 0.51% | — | +2.77% | |
| 45 | XOM | Exxon Mobil CORP | Stock-Energy | 0.51% | -0.45% | -61.41% | |
| 46 | EVRG | Evergy INC | Stock-Utilities | 0.49% | — | -1.29% | |
| 47 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.49% | +0.44% | +1160.11% | |
| 48 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 0.47% | — | +60.62% | |
| 49 | IT | Gartner INC | Stock-Tech | 0.44% | +0.42% | +4113.05% | |
| 50 | ENB | Enbridge INC | Stock-Energy | 0.43% | — | +0.74% |
Performance for Q3 2026
+3.9%
Performance Last 4 Quarters
+16.4%
Based on 74% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 3984 | $61.5B | 36 | |
| 2025-12-31 | 3963 | $59.9B | 29 | |
| 2025-09-30 | 4188 | $56.6B | 50 | |
| 2025-06-30 | 4129 | $53.1B | 0 | |
| 2025-03-31 | 4009 | $46.4B | 100 | |
| 2024-12-31 | 4013 | $45.7B | 0 | |
| 2024-09-30 | 4016 | $45.5B | 0 | |
| 2024-06-30 | 3689 | $42.2B | 0 | |
| 2024-03-31 | 3695 | $43.4B | 0 | |
| 2023-12-31 | 3619 | $40.3B | 0 | |
| 2023-09-30 | 3646 | $37.5B | 0 | |
| 2023-06-30 | 3680 | $40.3B | 0 | |
| 2023-03-31 | 3684 | $39.7B | 0 | |
| 2022-12-31 | 3737 | $36.2B | 0 | |
| 2022-09-30 | 3707 | $34.1B | 0 | |
| 2022-06-30 | 3769 | $36.8B | 0 | |
| 2022-03-31 | 3852 | $44.3B | 0 | |
| 2021-12-31 | 3871 | $53.8B | 0 | |
| 2021-09-30 | 3852 | $52.5B | 0 | |
| 2021-06-30 | 3859 | $53.7B | 98 | |
| 2021-03-31 | 3963 | $51.6B | 28 | |
| 2020-12-31 | 3980 | $48.9B | 32 | |
| 2020-09-30 | 3993 | $42.6B | 25 | |
| 2020-06-30 | 3997 | $40.4B | 37 | |
| 2020-03-31 | 3986 | $34.0B | 46 | |
| 2019-12-31 | 3828 | $44.9B | 30 | |
| 2019-09-30 | 3757 | $40.7B | 29 | |
| 2019-06-30 | 3646 | $41.2B | 23 | |
| 2019-03-31 | 3629 | $40.4B | 29 | |
| 2018-12-31 | 3679 | $36.7B | 92 | |
| 2018-09-30 | 3739 | $42.9B | 0 | |
| 2018-06-30 | 3456 | $34.1B | 29 | |
| 2018-03-31 | 3445 | $34.4B | 31 | |
| 2017-12-31 | 3487 | $35.5B | 100 | |
| 2017-09-30 | 3409 | $34.9B | 0 | |
| 2017-06-30 | 3408 | $34.7B | 24 | |
| 2017-03-31 | 3387 | $35.0B | 25 | |
| 2016-12-31 | 3308 | $33.4B | 30 | |
| 2016-09-30 | 3377 | $34.8B | 24 | |
| 2016-06-30 | 3385 | $34.3B | 25 | |
| 2016-03-31 | 3382 | $32.2B | 34 | |
| 2015-12-31 | 3313 | $31.6B | 24 | |
| 2015-09-30 | 3004 | $30.9B | 32 | |
| 2015-06-30 | 3162 | $33.3B | 25 | |
| 2015-03-31 | 3377 | $32.8B | 28 | |
| 2014-12-31 | 3321 | $32.4B | 31 | |
| 2014-09-30 | 3284 | $31.1B | 25 | |
| 2014-06-30 | 3274 | $31.9B | 25 | |
| 2014-03-31 | 3206 | $29.9B | 23 | |
| 2013-12-31 | 3234 | $28.9B | 24 | |
| 2013-09-30 | 3050 | $25.9B | 24 | |
| 2013-06-30 | 3060 | $25.3B | 0 |
Federated Hermes, INC.'s most significant position changes for 2026-03-31: New buy: Amcor plc (AMCR); Sold out: Amcor plc (AMCR); Add: Lululemon Athletica INC (LULU) — shares +2271.25%; Trim: Johnson & Johnson (JNJ) — shares -84.15%; Trim: Microsoft CORP (MSFT) — shares -1.51%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LULU | Lululemon Athletica INC | +0.7% | +2271.25% | Add |
| 2 | AMT | American Tower CORP | +0.6% | +365.78% | Add |
| 3 | CME | Cme Group INC | +0.5% | +176.61% | Add |
| 4 | UNH | Unitedhealth Group INC | +0.4% | +1160.11% | Add |
| 5 | PAYX | Paychex INC | +0.4% | +144.29% | Add |
| 6 | GEV | GE Vernova INC | +0.4% | +21.79% | Add |
| 7 | IT | Gartner INC | +0.4% | +4113.05% | Add |
| 8 | CVX | Chevron CORP | +0.4% | +13.90% | Add |
| 9 | VRT | Vertiv Holdings Co-a | +0.4% | +36.50% | Add |
| 10 | VZ | Verizon Communications INC | +0.4% | +21.67% | Add |
| 11 | MDT | Medtronic plc | +0.3% | +899.56% | Add |
| 12 | FISV | Fiserv INC | +0.3% | +97.65% | Add |
| 13 | KIM | Kimco Realty CORP | +0.3% | +58.24% | Add |
| 14 | DOX | Amdocs Limited | +0.3% | +1970.10% | Add |
| 15 | WEC | Wec Energy Group INC | +0.3% | +55.09% | Add |
| 16 | COST | Costco Wholesale CORP | +0.2% | +26.30% | Add |
| 17 | TRGP | Targa Resources CORP | +0.2% | +657.59% | Add |
| 18 | INTU | Intuit INC | +0.2% | +709.32% | Add |
| 19 | PWR | Quanta Services INC | +0.2% | +10.25% | Add |
| 20 | TER | Teradyne INC | +0.2% | -9.16% | Trim |
| 21 | BNY | Bank Of New York Mellon CORP | +0.2% | +26.70% | Add |
| 22 | HWM | Howmet Aerospace INC | +0.2% | +20.37% | Add |
| 23 | DUOL | Duolingo | +0.2% | +1320.37% | Add |
| 24 | FE | Firstenergy CORP | +0.2% | +13.59% | Add |
| 25 | GE | General Electric | +0.2% | +44.74% | Add |
| 26 | TTE | Totalenergies Se | +0.2% | +0.44% | Add |
| 27 | NVDA | Nvidia CORP | +0.1% | +14.47% | Add |
| 28 | GPC | Genuine Parts Co | -0.2% | -99.80% | Trim |
| 29 | MDB | Mongodb INC | -0.2% | -6.66% | Trim |
| 30 | SHOP | Shopify INC - Class A | -0.2% | -35.43% | Trim |
| 31 | NET | Cloudflare INC - Class A | -0.2% | -83.20% | Trim |
| 32 | CRM | Salesforce INC | -0.2% | -15.90% | Trim |
| 33 | ADBE | Adobe INC | -0.2% | -9.84% | Trim |
| 34 | GSK | Gsk Plc-spon Adr | -0.2% | -94.06% | Trim |
| 35 | RBRK | Rubrik Inc-a | -0.2% | -46.21% | Trim |
| 36 | V | Visa Inc-class A Shares | -0.2% | -35.59% | Trim |
| 37 | LLY | Eli Lilly & Co | -0.2% | -30.75% | Trim |
| 38 | DECK | Deckers Outdoor CORP | -0.3% | -45.75% | Trim |
| 39 | TXN | Texas Instruments INC | -0.3% | -76.97% | Trim |
| 40 | AMGN | Amgen INC | -0.3% | -36.84% | Trim |
| 41 | AMZN | Amazon.com INC | -0.3% | -10.75% | Trim |
| 42 | RBLX | Roblox CORP -class A | -0.4% | -99.77% | Trim |
| 43 | GILD | Gilead Sciences INC | -0.4% | -69.66% | Trim |
| 44 | ZS | Zscaler INC | -0.4% | -89.17% | Trim |
| 45 | AEP | American Electric Power | -0.4% | -82.02% | Trim |
| 46 | XOM | Exxon Mobil CORP | -0.5% | -61.41% | Trim |
| 47 | MSFT | Microsoft CORP | -0.7% | -1.51% | Trim |
| 48 | JNJ | Johnson & Johnson | -0.7% | -84.15% | Trim |
| 49 | AMCR | Amcor plc | — | NEW | New buy |
| 50 | AMCR | Amcor plc | — | EXIT | Sold out |
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