Federated Hermes, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Federated Hermes, Inc. reported 2,105 stock positions worth $56.6 billion. Its top holding was Nvidia (NVDA) at 2.5% of the portfolio, followed by Microsoft (MSFT, 2.5%) and Alphabet Class A (GOOGL, 1.8%). Compared with Q2 2025, it opened 215 new positions, sold out of 154, added to 819 and reduced 964. The biggest buy was Viking (VIK, shares +382%) and the biggest sale Palantir Technologies Class A (PLTR, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001056288
- Portfolio Value
- $56.6B (Q3 2025)
- SEC Filing
- 0001623632-25-001496 ↗ filed Nov 3, 2025
Holdings Value
Holdings 2,105 stocks · $56.6B
| NVDA Nvidia Corp. | 2.55% | 7,726,433 | $1.4B | Add +2.8% |
| MSFT Microsoft Corp. | 2.48% | 2,707,184 | $1.4B | Add +2.8% |
| GOOGL Alphabet Inc. Class A | 1.84% | 4,277,157 | $1.0B | Add +11.8% |
| ABBV Abbvie Inc. | 1.65% | 4,025,985 | $932.2M | Add +17.8% |
| AAPL Apple Inc. | 1.59% | 3,525,707 | $897.8M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 1.56% | 4,012,495 | $881.0M | Add +2.6% |
| AVGO Broadcom Inc. | 1.24% | 2,123,784 | $700.7M | Add +4.3% |
| JNJ Johnson & Johnson | 1.13% | 3,446,111 | $639.0M | Add +24.6% |
| VZ Verizon Communications Inc. | 1.12% | 14,417,007 | $633.6M | Add +4.7% |
| AMGN Amgen Inc. | 1.04% | 2,087,554 | $589.1M | Reduce -3.9% |
| PNC PNC Financial Services Group | 1.02% | 2,868,595 | $576.4M | Add +3.3% |
| USB US Bancorp | 0.95% | 11,153,092 | $539.0M | Add +12.3% |
| XOM Exxon Mobil Corp. | 0.94% | 4,713,911 | $531.5M | Add +3.8% |
| VIK Viking Holdings Ltd. | 0.93% | 8,474,767 | $526.8M | Add +381.8% |
| CVX Chevron Corp. | 0.88% | 3,224,609 | $500.7M | Add +6.2% |
| PLD Prologis Inc. | 0.86% | 4,256,236 | $487.4M | Add +30.3% |
| TFC Truist Financial Corp. | 0.84% | 10,445,658 | $477.6M | Add +8.4% |
| GEV GE Vernova Inc. | 0.84% | 773,077 | $475.4M | Add +16.1% |
| AMP Ameriprise Financial Inc. | 0.84% | 966,163 | $474.6M | Add +29.3% |
| PFE Pfizer Inc. | 0.84% | 18,606,460 | $474.1M | Reduce -2.7% |
| META Meta Platforms Inc. Class A | 0.82% | 629,470 | $462.3M | Add +23.6% |
| PM Philip Morris International | 0.81% | 2,836,828 | $460.1M | Add +12.2% |
| RBLX Roblox Corp. Class A | 0.79% | 3,230,779 | $447.5M | Reduce -0.5% |
| DUK Duke Energy Corp. | 0.76% | 3,485,090 | $431.3M | Add +0.2% |
| AEP American Electric Power | 0.76% | 3,826,858 | $430.5M | Reduce -0.1% |
| FE Firstenergy Corp. | 0.70% | 8,627,746 | $395.3M | Add +25.2% |
| ZS Zscaler Inc. | 0.68% | 1,281,671 | $384.1M | Add +9.4% |
| HBAN Huntington Bancshares Inc. | 0.65% | 21,292,946 | $367.7M | Add +4.7% |
| PEP Pepsico Inc. | 0.65% | 2,607,881 | $366.3M | Add +10.2% |
| COST Costco Wholesale Corp. | 0.61% | 372,984 | $345.2M | Reduce -11.3% |
| AMCR Amcor PLC | 0.57% | 39,344,317 | $321.8M | Add +104.0% |
| ADBE Adobe Inc. | 0.56% | 898,408 | $316.9M | Add +185.1% |
| VLTO Veralto Corp. | 0.56% | 2,962,089 | $315.8M | Reduce -0.2% |
| CRM Salesforce Inc. | 0.54% | 1,287,130 | $305.0M | Add +85.3% |
| XEL Xcel Energy Inc. | 0.54% | 3,768,384 | $303.9M | Add +45.0% |
| KMB Kimberly-Clark Corp. | 0.53% | 2,406,849 | $299.3M | Add +52.0% |
| PPL PPL Corp. | 0.53% | 8,011,124 | $297.7M | Reduce -0.8% |
| GILD Gilead Sciences Inc. | 0.52% | 2,655,832 | $294.8M | Reduce -10.9% |
| EVRG Evergy Inc. | 0.50% | 3,702,734 | $281.5M | Add +0.5% |
| V Visa Inc. Class A | 0.50% | 823,262 | $281.0M | Add +24.1% |
| PWR Quanta Services Inc. | 0.49% | 675,658 | $280.0M | Add +4.1% |
| FIX Comfort Systems USA Inc. | 0.47% | 324,279 | $267.6M | Add +8.8% |
| NTNX Nutanix Inc. Class A | 0.47% | 3,559,876 | $264.8M | Add +10.7% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.44% | 550,104 | $250.8M | Add +69.9% |
| ENB Enbridge Inc. | 0.44% | 4,887,411 | $246.6M | Reduce -1.0% |
| COR Cencora Inc. | 0.43% | 777,945 | $243.1M | Add +13.0% |
| AXON Axon Enterprise Inc. | 0.42% | 333,716 | $239.5M | Add +0.1% |
| PLTR Palantir Technologies Inc. Class A | 0.42% | 1,307,111 | $238.4M | Reduce -71.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 4,525,487 | $233.5M | Reduce -8.3% |
| WEC WEC Energy Group Inc. | 0.41% | 2,033,620 | $233.0M | Add +0.2% |
| KIM Kimco Realty Corp. | 0.41% | 10,649,864 | $232.7M | Add +27.2% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 767,107 | $230.8M | Reduce -0.7% |
| DXCM Dexcom Inc. | 0.41% | 3,420,262 | $230.1M | Reduce -5.9% |
| NGG National Grid PLC-SP ADR | 0.41% | 3,159,478 | $229.6M | Reduce -1.3% |
| TTE Totalenergies SE -Spon ADR | 0.41% | 3,842,244 | $229.3M | Add +7.3% |
| TER Teradyne Inc. | 0.40% | 1,649,091 | $227.0M | Reduce -56.4% |
| TT Trane Technologies PLC | 0.40% | 537,302 | $226.7M | Reduce -17.8% |
| FIVE Five Below | 0.40% | 1,462,632 | $226.3M | Reduce -2.3% |
| DASH DoorDash Inc. Class A | 0.38% | 798,250 | $217.1M | Reduce -16.3% |
| PODD Insulet Corp. | 0.38% | 700,624 | $216.3M | Reduce -3.1% |
| QCOM Qualcomm Inc. | 0.38% | 1,299,407 | $216.2M | Reduce -13.2% |
| RCL Royal Caribbean Cruises Ltd. | 0.38% | 661,025 | $213.9M | Add +260.9% |
| SHOP Shopify Inc. Class A | 0.37% | 1,425,096 | $211.8M | Reduce -1.3% |
| NFLX Netflix Inc. | 0.37% | 176,106 | $211.1M | Add +3.7% |
| HWM Howmet Aerospace Inc. | 0.37% | 1,073,305 | $210.6M | Add +140.7% |
| TRV The Travelers Cos Inc. | 0.37% | 749,895 | $209.4M | Reduce -7.0% |
| VEEV Veeva Systems Inc. Class A | 0.36% | 685,261 | $204.1M | Add +55.4% |
| BTI British American Tob-SP ADR | 0.35% | 3,779,137 | $200.6M | Add +8.7% |
| RBRK Rubrik Inc. Class A | 0.35% | 2,437,768 | $200.5M | Add +101.8% |
| CE Celanese Corp. | 0.34% | 4,596,129 | $193.4M | Reduce -9.6% |
| EME Emcor Group Inc. | 0.34% | 296,777 | $192.8M | Reduce -8.0% |
| LNG Cheniere Energy Inc. | 0.33% | 800,449 | $188.1M | Reduce -2.3% |
| VST Vistra Corp. | 0.33% | 957,040 | $187.5M | Add +9.8% |
| SO The Southern Co. | 0.33% | 1,958,098 | $185.6M | Reduce -16.4% |
| NET Cloudflare Inc. Class A | 0.33% | 862,009 | $185.0M | Add +63.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.33% | 1,694,248 | $184.6M | Add +32.1% |
| KO The Coca-Cola Co. | 0.32% | 2,695,451 | $178.8M | Reduce -3.3% |
| ANET Arista Networks Inc. | 0.31% | 1,219,782 | $177.7M | Add +39.0% |
| HEI Heico Corp. | 0.31% | 549,037 | $177.2M | Add +10.7% |
| RYTM Rhythm Pharmaceuticals Inc. | 0.31% | 1,727,885 | $174.5M | Add +2.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.31% | 618,617 | $172.8M | Reduce -0.3% |
| FLUT Flutter Entertainment PLC-Di | 0.30% | 668,414 | $169.8M | New |
| VRT Vertiv Holdings Co. Class A | 0.29% | 1,098,150 | $165.7M | Add +934.8% |
| AAP Advance Auto Parts Inc. | 0.29% | 2,694,027 | $165.4M | Add +12.8% |
| RDDT Reddit Inc. Class A | 0.29% | 718,493 | $165.2M | New |
| O Realty Income Corp. | 0.29% | 2,690,664 | $163.6M | Add +0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.29% | 1,125,583 | $162.7M | Reduce -10.5% |
| BSX Boston Scientific Corp. | 0.28% | 1,644,519 | $160.6M | Reduce -9.3% |
| GSK GSK PLC-Spon ADR | 0.28% | 3,636,987 | $157.0M | Add +0.1% |
| PGR Progressive Corp. | 0.27% | 629,095 | $155.4M | Add +19.9% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.27% | 1,189,093 | $154.9M | Reduce -2.8% |
| MDLZ Mondelez International Inc. Class A | 0.27% | 2,466,984 | $154.1M | Add +2080.4% |
| TRP TC Energy Corp. | 0.27% | 2,832,009 | $154.1M | Reduce -1.0% |
| MA Mastercard Inc. Class A | 0.27% | 269,940 | $153.5M | Add +108.4% |
| CAH Cardinal Health Inc. | 0.27% | 960,836 | $150.8M | Add +9.3% |
| JPM JPMorgan Chase & Co. | 0.26% | 468,973 | $147.9M | Reduce -15.9% |
| UBER Uber Technologies Inc. | 0.26% | 1,504,594 | $147.4M | Add +21.4% |
| TSLA Tesla Inc. | 0.26% | 331,337 | $147.4M | Add +29.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.25% | 294,134 | $144.2M | Add +56.3% |
| SNY Sanofi-ADR | 0.25% | 3,035,254 | $143.3M | Reduce -21.9% |
Other holdings (8): bonds, preferreds, convertibles and warrants · $13.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 60,000 | $4.2M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 58,591 | $4.1M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 79,821 | $4.0M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 37,000 | $1.4M | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 60,000 | $30K | 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 | $16K | No change |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 207 | $362 | No change |
Total filed on the 13F, all lines: $56.6B.
Portfolio Sells Q2 2025 → Q3 2025
| PLTR Palantir Technologies Inc. Class A | Reduce -71.7% | 0.42% | −0.76 |
| SPOT Spotify Technology SA | Reduce -57.0% | 0.25% | −0.44 |
| FTNT Fortinet Inc. | Reduce -84.1% | 0.05% | −0.41 |
| MS Morgan Stanley | Reduce -69.0% | 0.17% | −0.35 |
| KVUE Kenvue Inc. | Reduce -93.5% | 0.02% | −0.35 |
| T AT&T Inc. | Reduce -76.4% | 0.09% | −0.32 |
| LYB Lyondellbasell Indu Class A | Reduce -99.4% | 0.00% | −0.26 |
| TER Teradyne Inc. | Reduce -56.4% | 0.40% | −0.24 |
| PANW Palo Alto Networks Inc. | Reduce -50.3% | 0.20% | −0.23 |
| UPS United Parcel Service Class B | Reduce -99.8% | 0.00% | −0.23 |
| DECK Deckers Outdoor Corp. | Reduce -61.0% | 0.12% | −0.21 |
| APP AppLovin Corp. Class A | Reduce -80.4% | 0.12% | −0.21 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.20 |
| DXCM Dexcom Inc. | Reduce -5.9% | 0.41% | −0.19 |
| CE Celanese Corp. | Reduce -9.6% | 0.34% | −0.19 |
| COST Costco Wholesale Corp. | Reduce -11.3% | 0.61% | −0.17 |
| DUOL Duolingo | Reduce -51.3% | 0.09% | −0.17 |
| COIN Coinbase Global Inc. Class A | Reduce -96.8% | 0.00% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -44.0% | 0.17% | −0.16 |
| ALGN Align Technology Inc. | Reduce -14.1% | 0.18% | −0.15 |
| JD Jd.com Inc.-ADR | Reduce -50.3% | 0.14% | −0.14 |
| TT Trane Technologies PLC | Reduce -17.8% | 0.40% | −0.14 |
| TRGP Targa Resources Corp. | Reduce -53.9% | 0.10% | −0.14 |
| BIDU Baidu Inc. - Spon ADR | Reduce -99.5% | 0.00% | −0.14 |
| ATYR Atyr Pharma Inc. | Reduce -28.1% | 0.01% | −0.13 |
| DIS The Walt Disney Co. | Reduce -40.5% | 0.13% | −0.13 |
| CM Can Imperial BK of Commerce | Reduce -88.0% | 0.02% | −0.12 |
| RARE Ultragenyx Pharmaceutical Inc. | Reduce -75.8% | 0.03% | −0.11 |
| IT Gartner Inc. | Reduce -99.8% | 0.00% | −0.11 |
| MLTX Moonlake Immunotherapeutics | Sold out | 0.00% | −0.11 |
| TOST Toast Inc. Class A | Reduce -12.4% | 0.23% | −0.11 |
| TGT Target Corp. | Reduce -86.8% | 0.01% | −0.11 |
| GTLS Chart Industries Inc. | Reduce -96.3% | 0.00% | −0.10 |
| GDDY GoDaddy Inc. Class A | Reduce -7.1% | 0.20% | −0.10 |
| ISRG Intuitive Surgical Inc. | Reduce -12.5% | 0.22% | −0.10 |
| WING Wingstop Inc. | Reduce -6.2% | 0.20% | −0.10 |
| GILD Gilead Sciences Inc. | Reduce -10.9% | 0.52% | −0.10 |
| AMGN Amgen Inc. | Reduce -3.9% | 1.04% | −0.10 |
| SNY Sanofi-ADR | Reduce -21.9% | 0.25% | −0.10 |
| EL Estee Lauder Companies Class A | Reduce -42.3% | 0.14% | −0.10 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -99.0% | 0.00% | −0.09 |
| CLX Clorox Company | Reduce -87.7% | 0.01% | −0.09 |
| BILL Bill Holdings Inc. | Reduce -82.2% | 0.02% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -60.1% | 0.05% | −0.09 |
| BSX Boston Scientific Corp. | Reduce -9.3% | 0.28% | −0.08 |
| SO The Southern Co. | Reduce -16.4% | 0.33% | −0.08 |
| CB Chubb Ltd. | Reduce -44.2% | 0.08% | −0.08 |
| BRBR Bellring Brands Inc. | Reduce -98.3% | 0.00% | −0.07 |
| CMG Chipotle Mexican Grill Inc. | Reduce -29.3% | 0.06% | −0.07 |
| ACGL Arch Capital Group Ltd. | Reduce -39.2% | 0.10% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| VIK Viking Holdings Ltd. | Add +381.8% | 0.93% | +0.75 |
| GOOGL Alphabet Inc. Class A | Add +11.8% | 1.84% | +0.57 |
| ABBV Abbvie Inc. | Add +17.8% | 1.65% | +0.45 |
| JNJ Johnson & Johnson | Add +24.6% | 1.13% | +0.33 |
| ADBE Adobe Inc. | Add +185.1% | 0.56% | +0.33 |
| NVDA Nvidia Corp. | Add +2.8% | 2.55% | +0.31 |
| FLUT Flutter Entertainment PLC-Di | New | 0.30% | +0.30 |
| RDDT Reddit Inc. Class A | New | 0.29% | +0.29 |
| RCL Royal Caribbean Cruises Ltd. | Add +260.9% | 0.38% | +0.27 |
| VRT Vertiv Holdings Co. Class A | Add +934.8% | 0.29% | +0.27 |
| MDLZ Mondelez International Inc. Class A | Add +2080.4% | 0.27% | +0.26 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +69.9% | 0.44% | +0.24 |
| AMCR Amcor PLC | Add +104.0% | 0.57% | +0.23 |
| HWM Howmet Aerospace Inc. | Add +140.7% | 0.37% | +0.22 |
| PLD Prologis Inc. | Add +30.3% | 0.86% | +0.21 |
| XEL Xcel Energy Inc. | Add +45.0% | 0.54% | +0.20 |
| CRM Salesforce Inc. | Add +85.3% | 0.54% | +0.18 |
| AVGO Broadcom Inc. | Add +4.3% | 1.24% | +0.18 |
| GEV GE Vernova Inc. | Add +16.1% | 0.84% | +0.18 |
| FE Firstenergy Corp. | Add +25.2% | 0.70% | +0.18 |
| FIX Comfort Systems USA Inc. | Add +8.8% | 0.47% | +0.17 |
| MDB Mongodb Inc. | Add +854380.6% | 0.17% | +0.17 |
| HOOD Robinhood Markets Inc. Class A | Add +919.9% | 0.17% | +0.15 |
| HALO Halozyme Therapeutics Inc. | Add +294.1% | 0.19% | +0.15 |
| RBRK Rubrik Inc. Class A | Add +101.8% | 0.35% | +0.15 |
| ANET Arista Networks Inc. | Add +39.0% | 0.31% | +0.14 |
| KMB Kimberly-Clark Corp. | Add +52.0% | 0.53% | +0.14 |
| MA Mastercard Inc. Class A | Add +108.4% | 0.27% | +0.13 |
| NET Cloudflare Inc. Class A | Add +63.5% | 0.33% | +0.13 |
| CCL Carnival Corp. | Add +11343.8% | 0.13% | +0.12 |
| VEEV Veeva Systems Inc. Class A | Add +55.4% | 0.36% | +0.12 |
| C Citigroup Inc. | Add +156.7% | 0.19% | +0.12 |
| META Meta Platforms Inc. Class A | Add +23.6% | 0.82% | +0.11 |
| RYTM Rhythm Pharmaceuticals Inc. | Add +2.5% | 0.31% | +0.11 |
| TSLA Tesla Inc. | Add +29.7% | 0.26% | +0.11 |
| BNY Bank of New York Mellon Corp. | Add +32.1% | 0.33% | +0.11 |
| USB US Bancorp | Add +12.3% | 0.95% | +0.11 |
| LITE Lumentum Holdings Inc. | Add +7168.9% | 0.10% | +0.10 |
| CVNA Carvana Co. | Add +124.9% | 0.18% | +0.10 |
| IDXX Idexx Laboratories Inc. | Add +269.7% | 0.12% | +0.09 |
| LRCX Lam Research Corp. | Add +96.9% | 0.15% | +0.09 |
| W Wayfair Inc. Class A | New | 0.09% | +0.09 |
| FCSH Fed Hermes Short Dur Corp. | New | 0.09% | +0.09 |
| ENTG Entegris Inc. | Add +3036.6% | 0.09% | +0.09 |
| AMP Ameriprise Financial Inc. | Add +29.3% | 0.84% | +0.09 |
| AAP Advance Auto Parts Inc. | Add +12.8% | 0.29% | +0.08 |
| CRDO Credo Technology Group Holdi | Add +217.4% | 0.10% | +0.08 |
| KIM Kimco Realty Corp. | Add +27.2% | 0.41% | +0.08 |
| PYPL PayPal Holdings Inc. | Add +3552.7% | 0.08% | +0.08 |
| ACN Accenture PLC Class A | Add +854.9% | 0.09% | +0.08 |
Notes & Other Activity Q2 2025 → Q3 2025
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 129,000 | $5.1Mbefore exit |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | New | 79,821 | $4.0M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Sold out | 2,000,000 | $2.0Mbefore exit |
| SBXDF Silverbox Corp. IV-A | SHS CL A · principal | Sold out | 98,598 | $1.1Mbefore exit |
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 |