Federated Hermes, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Federated Hermes, Inc. reported 2,059 stock positions worth $45.6 billion. Its top holding was Microsoft (MSFT) at 2.0% of the portfolio, followed by Nvidia (NVDA, 1.9%) and Amazon.com (AMZN, 1.6%). Compared with Q3 2024, it opened 169 new positions, sold out of 159, added to 851 and reduced 946. The biggest buy was Exxon Mobil (XOM, shares +292%) and the biggest sale Wingstop (WING, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001056288
- Portfolio Value
- $45.6B (Q4 2024)
- SEC Filing
- 0001623632-25-000197 ↗ filed Feb 13, 2025
Holdings Value
Holdings 2,059 stocks · $45.6B
| MSFT Microsoft Corp. | 1.98% | 2,145,256 | $904.2M | Add +1.5% |
| NVDA Nvidia Corp. | 1.93% | 6,559,726 | $880.9M | Add +1.0% |
| AMZN Amazon.com Inc. | 1.61% | 3,348,721 | $734.7M | Add +2.1% |
| AAPL Apple Inc. | 1.42% | 2,596,407 | $650.2M | Reduce -5.9% |
| VZ Verizon Communications Inc. | 1.33% | 15,142,201 | $605.5M | Add +0.0% |
| GILD Gilead Sciences Inc. | 1.30% | 6,441,601 | $595.0M | Reduce -9.7% |
| PM Philip Morris International | 1.17% | 4,434,371 | $533.7M | Reduce -9.3% |
| BMY Bristol-Myers Squibb Co. | 1.11% | 8,933,844 | $505.3M | Add +6.8% |
| ABBV Abbvie Inc. | 1.00% | 2,566,922 | $456.1M | Add +37.3% |
| USB US Bancorp | 0.99% | 9,458,048 | $452.4M | Add +0.6% |
| JNJ Johnson & Johnson | 0.99% | 3,108,370 | $449.5M | Add +48.2% |
| GOOGL Alphabet Inc. Class A | 0.92% | 2,226,514 | $421.5M | Reduce -9.1% |
| CVX Chevron Corp. | 0.92% | 2,899,202 | $419.9M | Add +29.2% |
| TFC Truist Financial Corp. | 0.90% | 9,422,266 | $408.7M | Add +1.0% |
| PFE Pfizer Inc. | 0.84% | 14,391,622 | $381.8M | Reduce -4.0% |
| COST Costco Wholesale Corp. | 0.83% | 415,746 | $380.9M | Reduce -3.8% |
| PNC PNC Financial Services Group | 0.80% | 1,885,869 | $363.7M | Reduce -14.6% |
| AMGN Amgen Inc. | 0.78% | 1,371,614 | $357.5M | Add +39.6% |
| DUK Duke Energy Corp. | 0.76% | 3,205,479 | $345.4M | Add +2.9% |
| AEP American Electric Power | 0.75% | 3,707,166 | $341.9M | Add +0.7% |
| AVGO Broadcom Inc. | 0.74% | 1,451,342 | $336.5M | Reduce -3.1% |
| HBAN Huntington Bancshares Inc. | 0.70% | 19,605,303 | $319.0M | Reduce -17.6% |
| LYB Lyondellbasell Indu Class A | 0.69% | 4,209,783 | $312.7M | Reduce -10.8% |
| PLD Prologis Inc. | 0.68% | 2,927,825 | $309.5M | Add +0.5% |
| VLTO Veralto Corp. | 0.68% | 3,036,708 | $309.3M | Add +15.9% |
| TT Trane Technologies PLC | 0.66% | 809,935 | $299.2M | Reduce -5.8% |
| NOW ServiceNow Inc. | 0.65% | 278,784 | $295.5M | Reduce -0.6% |
| GDDY GoDaddy Inc. Class A | 0.64% | 1,490,780 | $294.3M | Reduce -2.4% |
| WING Wingstop Inc. | 0.63% | 1,015,562 | $288.6M | Reduce -3.4% |
| META Meta Platforms Inc. Class A | 0.63% | 491,785 | $287.9M | Add +14.6% |
| AMP Ameriprise Financial Inc. | 0.60% | 517,669 | $275.6M | Add +5.7% |
| KO The Coca-Cola Co. | 0.60% | 4,418,589 | $275.1M | Add +18.0% |
| T AT&T Inc. | 0.59% | 11,736,735 | $267.2M | Reduce -17.8% |
| PEP Pepsico Inc. | 0.58% | 1,752,560 | $266.5M | Add +19.2% |
| ETR Entergy Corp. | 0.56% | 3,399,181 | $257.7M | Reduce -38.3% |
| PPL PPL Corp. | 0.56% | 7,889,039 | $256.1M | Reduce -0.8% |
| SPOT Spotify Technology SA | 0.54% | 547,669 | $245.0M | Add +16.5% |
| QCOM Qualcomm Inc. | 0.53% | 1,574,695 | $241.9M | Add +53.2% |
| SO The Southern Co. | 0.53% | 2,925,477 | $240.8M | Reduce -0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 5,085,640 | $223.5M | Add +27.0% |
| LLY Eli Lilly & Co. | 0.49% | 288,387 | $222.6M | Reduce -21.7% |
| PAYX Paychex Inc. | 0.48% | 1,554,288 | $217.9M | Reduce -6.8% |
| XOM Exxon Mobil Corp. | 0.48% | 2,023,359 | $217.7M | Add +291.6% |
| DDOG Datadog Inc. Class A | 0.47% | 1,500,868 | $214.5M | Add +26.4% |
| VRT Vertiv Holdings Co. Class A | 0.47% | 1,874,256 | $212.9M | Add +61.7% |
| EVRG Evergy Inc. | 0.46% | 3,434,216 | $211.4M | Add +2.2% |
| UPS United Parcel Service Class B | 0.45% | 1,624,016 | $204.8M | Add +2.1% |
| PLTR Palantir Technologies Inc. Class A | 0.44% | 2,679,035 | $203.0M | Add +24.3% |
| AXON Axon Enterprise Inc. | 0.44% | 339,063 | $201.5M | Add +25.8% |
| FIX Comfort Systems USA Inc. | 0.43% | 467,838 | $198.4M | Add +12.4% |
| MS Morgan Stanley | 0.43% | 1,569,948 | $197.4M | Reduce -35.8% |
| ENB Enbridge Inc. | 0.43% | 4,643,482 | $197.0M | Reduce -1.1% |
| PWR Quanta Services Inc. | 0.43% | 616,883 | $195.0M | Reduce -2.2% |
| GEV GE Vernova Inc. | 0.41% | 567,468 | $186.7M | Add +160.5% |
| WEC WEC Energy Group Inc. | 0.41% | 1,972,553 | $185.5M | Add +24.4% |
| V Visa Inc. Class A | 0.40% | 582,195 | $184.0M | Add +2.2% |
| HLNE Hamilton Lane Inc. Class A | 0.40% | 1,222,037 | $180.9M | Reduce -18.4% |
| KVUE Kenvue Inc. | 0.39% | 8,420,638 | $179.8M | Add +11.6% |
| ANET Arista Networks Inc. | 0.38% | 1,566,294 | $173.1M | Add +16.3% |
| TRV The Travelers Cos Inc. | 0.38% | 716,889 | $172.7M | Reduce -12.6% |
| KIM Kimco Realty Corp. | 0.37% | 7,278,480 | $170.5M | Add +90.5% |
| AMCR Amcor PLC | 0.37% | 17,830,372 | $167.8M | Reduce -0.2% |
| XEL Xcel Energy Inc. | 0.37% | 2,479,091 | $167.4M | Reduce -4.7% |
| CAVA Cava Group Inc. | 0.36% | 1,464,987 | $165.2M | Add +33.0% |
| ISRG Intuitive Surgical Inc. | 0.36% | 313,321 | $163.5M | Reduce -0.2% |
| OWL Blue Owl Capital Inc. | 0.35% | 6,876,700 | $160.0M | Add +23.8% |
| SHOP Shopify Inc. Class A | 0.35% | 1,498,838 | $159.4M | Reduce -3.4% |
| TTE Totalenergies SE -Spon ADR | 0.34% | 2,886,405 | $157.3M | Add +19.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 1,282,824 | $155.0M | Add +17.5% |
| APP AppLovin Corp. Class A | 0.34% | 472,407 | $153.0M | Reduce -48.9% |
| BSX Boston Scientific Corp. | 0.33% | 1,698,890 | $151.7M | Add +5.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 1,342,265 | $149.5M | Reduce -10.0% |
| TRP TC Energy Corp. | 0.33% | 3,189,270 | $148.4M | Reduce -0.0% |
| COF Capital One Financial Corp. | 0.32% | 831,372 | $148.3M | Reduce -2.1% |
| EXP Eagle Materials Inc. | 0.32% | 594,899 | $146.8M | Add +10.3% |
| BIDU Baidu Inc. - Spon ADR | 0.31% | 1,690,259 | $142.5M | Reduce -11.8% |
| UGI Ugi Corp. | 0.31% | 4,962,740 | $140.1M | Add +25.5% |
| NFLX Netflix Inc. | 0.31% | 156,196 | $139.2M | Add +81.8% |
| BBY Best Buy Co. Inc. | 0.30% | 1,612,678 | $138.4M | Reduce -9.7% |
| PODD Insulet Corp. | 0.29% | 512,672 | $133.8M | Add +24.4% |
| LNG Cheniere Energy Inc. | 0.29% | 622,446 | $133.7M | Add +69.9% |
| CRM Salesforce Inc. | 0.29% | 397,949 | $133.0M | Add +13.6% |
| ETN Eaton Corp. PLC | 0.29% | 400,520 | $132.9M | Add +1.1% |
| FTNT Fortinet Inc. | 0.29% | 1,406,740 | $132.9M | Add +20.8% |
| IDYA Ideaya Biosciences Inc. | 0.29% | 5,063,526 | $130.1M | Reduce -2.8% |
| PRU Prudential Financial Inc. | 0.28% | 1,090,879 | $129.3M | Add +5.5% |
| DASH DoorDash Inc. Class A | 0.28% | 767,863 | $128.8M | Add +38.9% |
| TSLA Tesla Inc. | 0.28% | 317,650 | $128.3M | Add +205.3% |
| TYL Tyler Technologies Inc. | 0.28% | 218,574 | $126.0M | Add +3.0% |
| CSGP Costar Group Inc. | 0.27% | 1,750,892 | $125.3M | Reduce -9.9% |
| NGG National Grid PLC-SP ADR | 0.27% | 2,091,630 | $124.3M | Reduce -21.6% |
| ADBE Adobe Inc. | 0.27% | 276,770 | $123.1M | Reduce -5.0% |
| NTNX Nutanix Inc. Class A | 0.27% | 2,000,729 | $122.6M | Add +4.6% |
| SNY Sanofi-ADR | 0.26% | 2,491,314 | $120.2M | Reduce -25.1% |
| HUBS HubSpot Inc. | 0.26% | 170,663 | $118.9M | Add +48.7% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 705,816 | $117.7M | Reduce -12.0% |
| HEI Heico Corp. | 0.26% | 495,115 | $117.7M | Reduce -10.2% |
| DUOL Duolingo | 0.25% | 351,231 | $113.9M | Add +33.5% |
| ATR Aptargroup Inc. | 0.25% | 721,785 | $113.4M | Add +18.2% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.25% | 1,160,494 | $112.6M | Add +1527.7% |
Other holdings (8): bonds, preferreds, convertibles and warrants · $18.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 129,000 | $5.3M | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 60,000 | $5.2M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 58,591 | $3.6M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 2,000,000 | $2.3M | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 37,000 | $1.5M | No change |
| BIOX Bioceres Crop Solutions Corp. | SHS · principal | 8,806 | $54K | Reduce -23.2% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 60,000 | $33K | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 28,000 | $17K | New |
Total filed on the 13F, all lines: $45.7B.
Portfolio Sells Q3 2024 → Q4 2024
| WING Wingstop Inc. | Reduce -3.4% | 0.63% | −0.33 |
| LYB Lyondellbasell Indu Class A | Reduce -10.8% | 0.69% | −0.31 |
| D Dominion Energy Inc. | Reduce -99.9% | 0.00% | −0.29 |
| BCE Bce Inc. | Reduce -100.0% | 0.00% | −0.26 |
| ETR Entergy Corp. | Reduce -38.3% | 0.56% | −0.23 |
| LLY Eli Lilly & Co. | Reduce -21.7% | 0.49% | −0.23 |
| ATI Ati Inc. | Reduce -76.0% | 0.05% | −0.21 |
| BTI British American Tob-SP ADR | Reduce -93.4% | 0.01% | −0.17 |
| AMT American Tower Corp. | Reduce -30.6% | 0.20% | −0.17 |
| HTHT H World Group Ltd.-ADR | Sold out | 0.00% | −0.17 |
| TME Tencent Music Entertainm-ADR | Sold out | 0.00% | −0.16 |
| PSA Public Storage | Reduce -59.7% | 0.08% | −0.16 |
| SNY Sanofi-ADR | Reduce -25.1% | 0.26% | −0.16 |
| HLNE Hamilton Lane Inc. Class A | Reduce -18.4% | 0.40% | −0.16 |
| DHR Danaher Corp. | Reduce -43.1% | 0.13% | −0.15 |
| AMPH Amphastar Pharmaceuticals Inc. | Reduce -57.7% | 0.07% | −0.14 |
| DVAX Dynavax Technologies Corp. | Reduce -99.9% | 0.00% | −0.14 |
| NGG National Grid PLC-SP ADR | Reduce -21.6% | 0.27% | −0.14 |
| PM Philip Morris International | Reduce -9.3% | 1.17% | −0.13 |
| BIDU Baidu Inc. - Spon ADR | Reduce -11.8% | 0.31% | −0.13 |
| CM Can Imperial BK of Commerce | Reduce -51.0% | 0.13% | −0.13 |
| MS Morgan Stanley | Reduce -35.8% | 0.43% | −0.13 |
| BZ Kanzhun Ltd. - ADR | Reduce -57.6% | 0.06% | −0.13 |
| AMD Advanced Micro Devices | Reduce -50.1% | 0.07% | −0.12 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.12 |
| NTLA Intellia Therapeutics Inc. | Reduce -99.9% | 0.00% | −0.12 |
| PFE Pfizer Inc. | Reduce -4.0% | 0.84% | −0.12 |
| GPCR Structure Therapeutics Inc. | Reduce -15.2% | 0.12% | −0.11 |
| WPM Wheaton Precious Metals Corp. | Reduce -37.8% | 0.15% | −0.11 |
| T AT&T Inc. | Reduce -17.8% | 0.59% | −0.10 |
| RGEN Repligen Corp. | Reduce -98.4% | 0.00% | −0.10 |
| WMS Advanced Drainage Systems Inc. | Reduce -86.8% | 0.01% | −0.10 |
| BBY Best Buy Co. Inc. | Reduce -9.7% | 0.30% | −0.10 |
| PNC PNC Financial Services Group | Reduce -14.6% | 0.80% | −0.10 |
| ZTS Zoetis Inc. | Reduce -20.9% | 0.19% | −0.10 |
| O Realty Income Corp. | Reduce -18.1% | 0.21% | −0.10 |
| NEM Newmont Corp. | Reduce -63.2% | 0.03% | −0.10 |
| JD Jd.com Inc.-ADR | Reduce -21.1% | 0.21% | −0.10 |
| ROIC Retail Opportunity Investmen | Reduce -61.6% | 0.07% | −0.09 |
| FBIN Fortune Brands Innovations I | Reduce -15.8% | 0.16% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -26.3% | 0.14% | −0.08 |
| TT Trane Technologies PLC | Reduce -5.8% | 0.66% | −0.08 |
| SHW The Sherwin-Williams Co. | Reduce -22.1% | 0.17% | −0.08 |
| IDYA Ideaya Biosciences Inc. | Reduce -2.8% | 0.29% | −0.08 |
| AMCR Amcor PLC | Reduce -0.2% | 0.37% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -33.4% | 0.10% | −0.08 |
| P Everpure Inc. Class A | Reduce -91.2% | 0.01% | −0.08 |
| ALTR Altair Engineering Inc. Class A | Reduce -86.9% | 0.01% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -28.5% | 0.10% | −0.07 |
| GE General Electric | Reduce -12.0% | 0.26% | −0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| XOM Exxon Mobil Corp. | Add +291.6% | 0.48% | +0.34 |
| GEV GE Vernova Inc. | Add +160.5% | 0.41% | +0.29 |
| PLTR Palantir Technologies Inc. Class A | Add +24.3% | 0.44% | +0.27 |
| AMZN Amazon.com Inc. | Add +2.1% | 1.61% | +0.27 |
| JNJ Johnson & Johnson | Add +48.2% | 0.99% | +0.24 |
| BMO Bank of Montreal | Add +1527.7% | 0.25% | +0.23 |
| TSLA Tesla Inc. | Add +205.3% | 0.28% | +0.22 |
| VRT Vertiv Holdings Co. Class A | Add +61.7% | 0.47% | +0.21 |
| AXON Axon Enterprise Inc. | Add +25.8% | 0.44% | +0.20 |
| NVDA Nvidia Corp. | Add +1.0% | 1.93% | +0.20 |
| CVX Chevron Corp. | Add +29.2% | 0.92% | +0.19 |
| ABBV Abbvie Inc. | Add +37.3% | 1.00% | +0.19 |
| KIM Kimco Realty Corp. | Add +90.5% | 0.37% | +0.18 |
| NFLX Netflix Inc. | Add +81.8% | 0.31% | +0.17 |
| DDOG Datadog Inc. Class A | Add +26.4% | 0.47% | +0.17 |
| BMY Bristol-Myers Squibb Co. | Add +6.8% | 1.11% | +0.16 |
| SPOT Spotify Technology SA | Add +16.5% | 0.54% | +0.16 |
| LNG Cheniere Energy Inc. | Add +69.9% | 0.29% | +0.15 |
| QCOM Qualcomm Inc. | Add +53.2% | 0.53% | +0.15 |
| ICE Intercontinental Exchange Inc. | Add +218.7% | 0.21% | +0.14 |
| BAC Bank of America Corp. | Add +27.0% | 0.49% | +0.14 |
| SARO Standardaero Inc. | New | 0.14% | +0.14 |
| RBRK Rubrik Inc. Class A | Add +32.0% | 0.22% | +0.14 |
| TER Teradyne Inc. | Add +213.3% | 0.20% | +0.13 |
| HUBS HubSpot Inc. | Add +48.7% | 0.26% | +0.13 |
| CNM Core & Main Inc. Class A | Add +4757.9% | 0.13% | +0.12 |
| ITW Illinois Tool Works | Add +1899.3% | 0.13% | +0.12 |
| OWL Blue Owl Capital Inc. | Add +23.8% | 0.35% | +0.11 |
| QXO Qxo Inc. | New | 0.11% | +0.11 |
| IT Gartner Inc. | Add +165.9% | 0.18% | +0.11 |
| DASH DoorDash Inc. Class A | Add +38.9% | 0.28% | +0.11 |
| MA Mastercard Inc. Class A | Add +95.4% | 0.20% | +0.10 |
| NTAP Netapp Inc. | Add +280.1% | 0.14% | +0.10 |
| BEKE Ke Holdings Inc.-ADR | Add +366552.0% | 0.10% | +0.10 |
| TTD Trade Desk Inc./the Class A | Add +176.7% | 0.15% | +0.10 |
| TRGP Targa Resources Corp. | Add +83.8% | 0.18% | +0.10 |
| AMP Ameriprise Financial Inc. | Add +5.7% | 0.60% | +0.10 |
| S Sentinelone Inc. Class A | Add +368.5% | 0.13% | +0.10 |
| ANET Arista Networks Inc. | Add +16.3% | 0.38% | +0.10 |
| FTNT Fortinet Inc. | Add +20.8% | 0.29% | +0.09 |
| META Meta Platforms Inc. Class A | Add +14.6% | 0.63% | +0.09 |
| UGI Ugi Corp. | Add +25.5% | 0.31% | +0.09 |
| AMGN Amgen Inc. | Add +39.6% | 0.78% | +0.09 |
| SNOW Snowflake Inc. | New | 0.09% | +0.09 |
| DUOL Duolingo | Add +33.5% | 0.25% | +0.09 |
| TOST Toast Inc. Class A | Add +44.2% | 0.18% | +0.08 |
| MRVL Marvell Technology Inc. | Add +702.2% | 0.09% | +0.08 |
| PODD Insulet Corp. | Add +24.4% | 0.29% | +0.08 |
| CRM Salesforce Inc. | Add +13.6% | 0.29% | +0.08 |
| FIX Comfort Systems USA Inc. | Add +12.4% | 0.43% | +0.08 |
Notes & Other Activity Q3 2024 → Q4 2024
| BIOX Bioceres Crop Solutions Corp. | SHS · principal | Reduce -23.2% | 8,806 | $54K |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | New | 60,000 | $33K |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | New | 28,000 | $17K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,029 | $69.5B | NVDA, AAPL, GOOGL, ABBV, MSFT |
| Q1 2026 | 2,039 | $61.5B | NVDA, GOOGL, AAPL, MSFT, ABBV |
| Q4 2025 | 2,055 | $59.8B | NVDA, MSFT, GOOGL, AAPL, AMZN |
| Q3 2025 | 2,105 | $56.6B | NVDA, MSFT, GOOGL, ABBV, AAPL |
| Q2 2025 | 2,044 | $53.1B | MSFT, NVDA, AMZN, AAPL, GOOGL |
| Q1 2025 | 2,042 | $46.3B | MSFT, NVDA, AAPL, ABBV, AMZN |
| Q4 2024 | 2,059 | $45.6B | MSFT, NVDA, AMZN, AAPL, VZ |
| Q3 2024 | 2,048 | $45.5B | MSFT, NVDA, VZ, AAPL, AMZN |
| Q2 2024 | 2,013 | $42.2B | MSFT, NVDA, PM, VZ, AMZN |
| Q1 2024 | 2,013 | $43.4B | MSFT, VZ, PM, NVDA, AMZN |