Federated Hermes, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Federated Hermes, Inc. reported 2,044 stock positions worth $53.1 billion. Its top holding was Microsoft (MSFT) at 2.5% of the portfolio, followed by Nvidia (NVDA, 2.2%) and Amazon.com (AMZN, 1.6%). Compared with Q1 2025, it opened 168 new positions, sold out of 167, added to 731 and reduced 1,030. The biggest buy was Palantir Technologies Class A (PLTR, shares +69%) and the biggest sale Bristol-Myers Squibb (BMY, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001056288
- Portfolio Value
- $53.1B (Q2 2025)
- SEC Filing
- 0001623632-25-000972 ↗ filed Aug 13, 2025
Holdings Value
Holdings 2,044 stocks · $53.1B
| MSFT Microsoft Corp. | 2.47% | 2,634,181 | $1.3B | Add +8.0% |
| NVDA Nvidia Corp. | 2.24% | 7,519,089 | $1.2B | Add +6.3% |
| AMZN Amazon.com Inc. | 1.62% | 3,910,639 | $858.0M | Add +9.3% |
| AAPL Apple Inc. | 1.36% | 3,527,854 | $723.8M | Add +13.9% |
| GOOGL Alphabet Inc. Class A | 1.27% | 3,824,413 | $674.0M | Add +51.6% |
| ABBV Abbvie Inc. | 1.20% | 3,418,332 | $634.5M | Add +4.1% |
| PLTR Palantir Technologies Inc. Class A | 1.18% | 4,614,522 | $629.1M | Add +69.0% |
| AMGN Amgen Inc. | 1.14% | 2,171,824 | $606.4M | Add +6.6% |
| VZ Verizon Communications Inc. | 1.12% | 13,776,271 | $596.1M | Reduce -1.3% |
| AVGO Broadcom Inc. | 1.06% | 2,035,381 | $561.1M | Add +64.8% |
| PNC PNC Financial Services Group | 0.97% | 2,776,517 | $517.6M | Add +43.8% |
| XOM Exxon Mobil Corp. | 0.92% | 4,539,739 | $489.4M | Add +33.3% |
| PFE Pfizer Inc. | 0.87% | 19,118,939 | $463.4M | Add +8.7% |
| PM Philip Morris International | 0.87% | 2,529,521 | $460.7M | Reduce -39.2% |
| USB US Bancorp | 0.85% | 9,931,308 | $449.4M | Add +4.7% |
| CVX Chevron Corp. | 0.82% | 3,037,714 | $435.0M | Reduce -3.2% |
| JNJ Johnson & Johnson | 0.80% | 2,766,239 | $422.5M | Reduce -5.0% |
| COST Costco Wholesale Corp. | 0.78% | 420,334 | $416.1M | Reduce -2.8% |
| TFC Truist Financial Corp. | 0.78% | 9,632,481 | $414.1M | Add +1.3% |
| DUK Duke Energy Corp. | 0.77% | 3,477,679 | $410.4M | Add +0.0% |
| AMP Ameriprise Financial Inc. | 0.75% | 747,083 | $398.7M | Add +22.4% |
| AEP American Electric Power | 0.75% | 3,830,930 | $397.5M | Add +3.8% |
| META Meta Platforms Inc. Class A | 0.71% | 509,309 | $375.9M | Reduce -10.1% |
| ZS Zscaler Inc. | 0.69% | 1,171,983 | $367.9M | Add +314.0% |
| SPOT Spotify Technology SA | 0.69% | 475,716 | $365.0M | Reduce -14.2% |
| GEV GE Vernova Inc. | 0.66% | 665,828 | $352.3M | Add +17.2% |
| PLD Prologis Inc. | 0.65% | 3,267,250 | $343.5M | Add +1.3% |
| RBLX Roblox Corp. Class A | 0.64% | 3,245,338 | $341.4M | Add +103.0% |
| HBAN Huntington Bancshares Inc. | 0.64% | 20,336,013 | $340.8M | Add +1.2% |
| TER Teradyne Inc. | 0.64% | 3,785,067 | $340.4M | Add +79.7% |
| GILD Gilead Sciences Inc. | 0.62% | 2,980,646 | $330.5M | Reduce -38.8% |
| DXCM Dexcom Inc. | 0.60% | 3,633,139 | $317.1M | Add +82.1% |
| PEP Pepsico Inc. | 0.59% | 2,367,288 | $312.6M | Add +18.9% |
| VLTO Veralto Corp. | 0.56% | 2,967,867 | $299.6M | Reduce -3.2% |
| TT Trane Technologies PLC | 0.54% | 653,965 | $286.1M | Add +1.5% |
| CE Celanese Corp. | 0.53% | 5,081,458 | $281.2M | Add +182.1% |
| MS Morgan Stanley | 0.52% | 1,970,570 | $277.6M | Reduce -10.6% |
| FE Firstenergy Corp. | 0.52% | 6,888,967 | $277.3M | Add +198.2% |
| AXON Axon Enterprise Inc. | 0.52% | 333,364 | $276.0M | Add +3.1% |
| PPL PPL Corp. | 0.52% | 8,074,354 | $273.6M | Add +0.9% |
| EVRG Evergy Inc. | 0.48% | 3,685,142 | $254.0M | Add +8.7% |
| NTNX Nutanix Inc. Class A | 0.46% | 3,215,800 | $245.8M | Add +32.7% |
| PWR Quanta Services Inc. | 0.46% | 648,915 | $245.3M | Add +20.1% |
| FTNT Fortinet Inc. | 0.46% | 2,309,054 | $244.1M | Add +4.4% |
| QCOM Qualcomm Inc. | 0.45% | 1,497,611 | $238.5M | Reduce -32.6% |
| NGG National Grid PLC-SP ADR | 0.45% | 3,200,004 | $238.1M | Add +2.1% |
| V Visa Inc. Class A | 0.44% | 663,356 | $235.5M | Add +3.2% |
| DASH DoorDash Inc. Class A | 0.44% | 953,502 | $235.0M | Reduce -5.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.44% | 4,932,445 | $233.4M | Add +3.9% |
| PANW Palo Alto Networks Inc. | 0.43% | 1,128,314 | $230.9M | Add +10.1% |
| NFLX Netflix Inc. | 0.43% | 169,759 | $227.3M | Reduce -2.8% |
| PODD Insulet Corp. | 0.43% | 723,363 | $227.3M | Add +14.3% |
| ENB Enbridge Inc. | 0.42% | 4,937,949 | $223.8M | Add +1.8% |
| T AT&T Inc. | 0.41% | 7,605,264 | $220.1M | Reduce -16.7% |
| TTE Totalenergies SE -Spon ADR | 0.41% | 3,582,127 | $219.9M | Add +0.8% |
| TRV The Travelers Cos Inc. | 0.41% | 806,535 | $215.8M | Add +8.5% |
| SO The Southern Co. | 0.41% | 2,343,596 | $215.2M | Reduce -23.1% |
| WEC WEC Energy Group Inc. | 0.40% | 2,030,461 | $211.6M | Add +1.6% |
| COR Cencora Inc. | 0.39% | 688,656 | $206.5M | Add +24.1% |
| KMB Kimberly-Clark Corp. | 0.38% | 1,583,193 | $204.1M | Add +350.2% |
| LNG Cheniere Energy Inc. | 0.38% | 819,048 | $199.5M | Add +7.5% |
| GE General Electric filed as GE AEROSPACE | 0.37% | 772,208 | $198.8M | Add +6.4% |
| KO The Coca-Cola Co. | 0.37% | 2,787,569 | $197.2M | Reduce -38.7% |
| FIVE Five Below | 0.37% | 1,496,952 | $196.4M | Add +0.7% |
| BSX Boston Scientific Corp. | 0.37% | 1,813,505 | $194.8M | Add +1.0% |
| KVUE Kenvue Inc. | 0.36% | 9,220,268 | $193.0M | Add +5.3% |
| CRM Salesforce Inc. | 0.36% | 694,543 | $189.4M | Add +74.7% |
| SNY Sanofi-ADR | 0.35% | 3,887,629 | $187.8M | Reduce -1.5% |
| TOST Toast Inc. Class A | 0.34% | 4,024,942 | $178.3M | Add +59.7% |
| AMCR Amcor PLC | 0.33% | 19,291,338 | $177.3M | Add +2.9% |
| XEL Xcel Energy Inc. | 0.33% | 2,599,729 | $177.0M | Add +1.2% |
| KIM Kimco Realty Corp. | 0.33% | 8,369,774 | $175.9M | Add +15.5% |
| DECK Deckers Outdoor Corp. | 0.33% | 1,705,634 | $175.8M | Add +46.5% |
| ALGN Align Technology Inc. | 0.33% | 926,733 | $175.5M | Add +31.0% |
| APP AppLovin Corp. Class A | 0.33% | 499,002 | $174.7M | Add +21.7% |
| LLY Eli Lilly & Co. | 0.33% | 221,781 | $172.9M | Reduce -25.7% |
| EME Emcor Group Inc. | 0.32% | 322,437 | $172.5M | Add +56.4% |
| ISRG Intuitive Surgical Inc. | 0.32% | 313,035 | $170.1M | Reduce -3.0% |
| VST Vistra Corp. | 0.32% | 871,520 | $168.9M | Add +123.5% |
| SHOP Shopify Inc. Class A | 0.31% | 1,443,505 | $166.5M | Reduce -0.3% |
| BTI British American Tob-SP ADR | 0.31% | 3,476,001 | $164.5M | Add +2066.9% |
| GDDY GoDaddy Inc. Class A | 0.31% | 909,518 | $163.8M | Reduce -8.8% |
| HEI Heico Corp. | 0.31% | 495,935 | $162.7M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 0.30% | 557,654 | $161.7M | Reduce -12.0% |
| FIX Comfort Systems USA Inc. | 0.30% | 297,944 | $159.8M | Reduce -0.7% |
| WING Wingstop Inc. | 0.30% | 469,762 | $158.2M | Reduce -9.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.29% | 1,257,482 | $155.3M | Add +4.5% |
| O Realty Income Corp. | 0.29% | 2,669,031 | $153.8M | Add +13.1% |
| JD Jd.com Inc.-ADR | 0.28% | 4,551,070 | $148.5M | Add +4.0% |
| CAH Cardinal Health Inc. | 0.28% | 878,986 | $147.7M | Add +11.2% |
| ALSN Allison Transmission Holding | 0.28% | 1,544,799 | $146.7M | Add +35.7% |
| CART Maplebear Inc. | 0.27% | 3,179,537 | $143.8M | Add +12.3% |
| LOAR Loar Holdings Inc. | 0.27% | 1,649,069 | $142.1M | Add +45.1% |
| TYL Tyler Technologies Inc. | 0.26% | 237,134 | $140.6M | Add +7.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 620,522 | $140.5M | Add +3.3% |
| PGR Progressive Corp. | 0.26% | 524,532 | $140.0M | Add +103.6% |
| LYB Lyondellbasell Indu Class A | 0.26% | 2,414,745 | $139.7M | Reduce -49.1% |
| DUOL Duolingo | 0.26% | 340,444 | $139.6M | Add +35.4% |
| TRP TC Energy Corp. | 0.26% | 2,860,729 | $139.6M | Add +1.0% |
| GSK GSK PLC-Spon ADR | 0.26% | 3,632,471 | $139.5M | Add +2535.8% |
Other holdings (10): bonds, preferreds, convertibles and warrants · $17.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 129,000 | $5.1M | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 60,000 | $4.5M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 58,591 | $3.5M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 2,000,000 | $2.0M | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 37,000 | $1.2M | No change |
| SBXDF Silverbox Corp. IV-A | SHS CL A · principal | 98,598 | $1.1M | New |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 60,000 | $32K | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 28,000 | $19K | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D · principal | 31,200 | $17K | No change |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 207 | $215 | No change |
Total filed on the 13F, all lines: $53.1B.
Portfolio Sells Q1 2025 → Q2 2025
| BMY Bristol-Myers Squibb Co. | Reduce -99.5% | 0.00% | −1.03 |
| PM Philip Morris International | Reduce -39.2% | 0.87% | −0.56 |
| GILD Gilead Sciences Inc. | Reduce -38.8% | 0.62% | −0.55 |
| ETR Entergy Corp. | Reduce -98.1% | 0.01% | −0.46 |
| LYB Lyondellbasell Indu Class A | Reduce -49.1% | 0.26% | −0.46 |
| PAYX Paychex Inc. | Reduce -98.0% | 0.01% | −0.46 |
| KO The Coca-Cola Co. | Reduce -38.7% | 0.37% | −0.33 |
| CVX Chevron Corp. | Reduce -3.2% | 0.82% | −0.31 |
| QCOM Qualcomm Inc. | Reduce -32.6% | 0.45% | −0.29 |
| JNJ Johnson & Johnson | Reduce -5.0% | 0.80% | −0.25 |
| VZ Verizon Communications Inc. | Reduce -1.3% | 1.12% | −0.24 |
| LLY Eli Lilly & Co. | Reduce -25.7% | 0.33% | −0.21 |
| SO The Southern Co. | Reduce -23.1% | 0.41% | −0.20 |
| SN Sharkninja Inc. | Reduce -72.0% | 0.07% | −0.17 |
| VRT Vertiv Holdings Co. Class A | Reduce -90.5% | 0.03% | −0.15 |
| T AT&T Inc. | Reduce -16.7% | 0.41% | −0.14 |
| BEKE Ke Holdings Inc.-ADR | Reduce -100.0% | 0.00% | −0.13 |
| HLNE Hamilton Lane Inc. Class A | Reduce -19.9% | 0.24% | −0.12 |
| SNY Sanofi-ADR | Reduce -1.5% | 0.35% | −0.12 |
| CAVA Cava Group Inc. | Reduce -40.8% | 0.12% | −0.11 |
| DDOG Datadog Inc. Class A | Reduce -55.7% | 0.12% | −0.11 |
| EXP Eagle Materials Inc. | Reduce -21.1% | 0.18% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -2.8% | 0.78% | −0.10 |
| ANET Arista Networks Inc. | Reduce -44.7% | 0.17% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -42.0% | 0.04% | −0.09 |
| CRH CRH PLC | Reduce -40.5% | 0.10% | −0.09 |
| OWL Blue Owl Capital Inc. | Reduce -14.8% | 0.21% | −0.09 |
| BIDU Baidu Inc. - Spon ADR | Reduce -24.4% | 0.14% | −0.09 |
| RGLS Regulus Therapeutics Inc. | Sold out | 0.00% | −0.08 |
| BBY Best Buy Co. Inc. | Reduce -14.4% | 0.18% | −0.08 |
| VLTO Veralto Corp. | Reduce -3.2% | 0.56% | −0.08 |
| GDDY GoDaddy Inc. Class A | Reduce -8.8% | 0.31% | −0.08 |
| UPS United Parcel Service Class B | Reduce -7.5% | 0.23% | −0.08 |
| STE Steris PLC | Reduce -41.8% | 0.09% | −0.07 |
| RPM RPM International Inc. | Reduce -27.6% | 0.11% | −0.07 |
| ARE Alexandria Real Estate Equit | Reduce -11.4% | 0.11% | −0.07 |
| ZM Zoom Communications Inc. | Reduce -64.5% | 0.03% | −0.07 |
| IT Gartner Inc. | Reduce -25.3% | 0.11% | −0.07 |
| BRBR Bellring Brands Inc. | Reduce -21.9% | 0.07% | −0.07 |
| GAP The Gap Inc. | Reduce -78.7% | 0.02% | −0.06 |
| PRU Prudential Financial Inc. | Reduce -7.5% | 0.22% | −0.06 |
| ATR Aptargroup Inc. | Reduce -19.6% | 0.18% | −0.06 |
| UGI Ugi Corp. | Reduce -19.5% | 0.21% | −0.06 |
| AXTA Axalta Coating Systems Ltd. | Reduce -70.1% | 0.02% | −0.06 |
| DKS Dick's Sporting Goods Inc. | Reduce -59.9% | 0.03% | −0.06 |
| AMD Advanced Micro Devices | Reduce -66.5% | 0.04% | −0.06 |
| RGA Reinsurance Group of America | Reduce -21.1% | 0.13% | −0.06 |
| FBIN Fortune Brands Innovations I | Reduce -16.0% | 0.08% | −0.05 |
| AMAT Applied Materials Inc. | Reduce -60.4% | 0.04% | −0.05 |
| AIZ Assurant Inc. | Reduce -17.9% | 0.10% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| PLTR Palantir Technologies Inc. Class A | Add +69.0% | 1.18% | +0.69 |
| AVGO Broadcom Inc. | Add +64.8% | 1.06% | +0.61 |
| NVDA Nvidia Corp. | Add +6.3% | 2.24% | +0.58 |
| ZS Zscaler Inc. | Add +314.0% | 0.69% | +0.57 |
| MSFT Microsoft Corp. | Add +8.0% | 2.47% | +0.49 |
| RBLX Roblox Corp. Class A | Add +103.0% | 0.64% | +0.44 |
| GOOGL Alphabet Inc. Class A | Add +51.6% | 1.27% | +0.43 |
| FE Firstenergy Corp. | Add +198.2% | 0.52% | +0.32 |
| CE Celanese Corp. | Add +182.1% | 0.53% | +0.31 |
| DXCM Dexcom Inc. | Add +82.1% | 0.60% | +0.30 |
| BTI British American Tob-SP ADR | Add +2066.9% | 0.31% | +0.30 |
| GEV GE Vernova Inc. | Add +17.2% | 0.66% | +0.29 |
| KMB Kimberly-Clark Corp. | Add +350.2% | 0.38% | +0.28 |
| TER Teradyne Inc. | Add +79.7% | 0.64% | +0.27 |
| GSK GSK PLC-Spon ADR | Add +2535.8% | 0.26% | +0.25 |
| PNC PNC Financial Services Group | Add +43.8% | 0.97% | +0.24 |
| VST Vistra Corp. | Add +123.5% | 0.32% | +0.22 |
| EL Estee Lauder Companies Class A | Add +556.8% | 0.24% | +0.20 |
| GPC Genuine Parts Co. | New | 0.20% | +0.20 |
| REGN Regeneron Pharmaceuticals | Add +491.2% | 0.24% | +0.19 |
| PWR Quanta Services Inc. | Add +20.1% | 0.46% | +0.17 |
| EME Emcor Group Inc. | Add +56.4% | 0.32% | +0.16 |
| TOST Toast Inc. Class A | Add +59.7% | 0.34% | +0.16 |
| AXON Axon Enterprise Inc. | Add +3.1% | 0.52% | +0.15 |
| NET Cloudflare Inc. Class A | Add +176.8% | 0.19% | +0.15 |
| AMZN Amazon.com Inc. | Add +9.3% | 1.62% | +0.15 |
| P Everpure Inc. Class A | Add +1560.9% | 0.15% | +0.14 |
| FIVE Five Below | Add +0.7% | 0.37% | +0.13 |
| NRG NRG Energy Inc. | Add +87.2% | 0.20% | +0.13 |
| CRM Salesforce Inc. | Add +74.7% | 0.36% | +0.13 |
| AMP Ameriprise Financial Inc. | Add +22.4% | 0.75% | +0.11 |
| UBER Uber Technologies Inc. | Add +84.0% | 0.22% | +0.11 |
| MRNA Moderna Inc. | Add +364.4% | 0.15% | +0.11 |
| PGR Progressive Corp. | Add +103.6% | 0.26% | +0.11 |
| BWXT BWX Technologies Inc. | Add +477.3% | 0.12% | +0.11 |
| NTNX Nutanix Inc. Class A | Add +32.7% | 0.46% | +0.10 |
| JEF Jefferies Financial Group Inc. | Add +6056.0% | 0.10% | +0.10 |
| APP AppLovin Corp. Class A | Add +21.7% | 0.33% | +0.09 |
| DUOL Duolingo | Add +35.4% | 0.26% | +0.09 |
| LOAR Loar Holdings Inc. | Add +45.1% | 0.27% | +0.09 |
| AAP Advance Auto Parts Inc. | Add +75.7% | 0.21% | +0.09 |
| COIN Coinbase Global Inc. Class A | Add +28.4% | 0.16% | +0.09 |
| WFRD Weatherford International PL | Add +1005.3% | 0.10% | +0.09 |
| ALGN Align Technology Inc. | Add +31.0% | 0.33% | +0.09 |
| YUM Yum! Brands Inc. | Add +6396.2% | 0.09% | +0.09 |
| CPNG Coupang Inc. | Add +145.6% | 0.12% | +0.08 |
| CVLT Commvault Systems Inc. | Add +530.4% | 0.10% | +0.08 |
| EPAM Epam Systems Inc. | Add +293.9% | 0.11% | +0.08 |
| HWM Howmet Aerospace Inc. | Add +62.7% | 0.16% | +0.08 |
| GNRC Generac Holdings Inc. | Add +63.5% | 0.20% | +0.08 |
Notes & Other Activity Q1 2025 → Q2 2025
| SBXDF Silverbox Corp. IV-A | SHS CL A · principal | New | 98,598 | $1.1M |
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 |