Federated Hermes, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Federated Hermes, Inc. reported 2,055 stock positions worth $59.8 billion. Its top holding was Nvidia (NVDA) at 2.5% of the portfolio, followed by Microsoft (MSFT, 2.5%) and Alphabet Class A (GOOGL, 2.4%). Compared with Q3 2025, it opened 138 new positions, sold out of 191, added to 873 and reduced 943. The biggest buy was Alphabet Class A (GOOGL, shares +6%) and the biggest sale Roblox Class A (RBLX, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001056288
- Portfolio Value
- $59.8B (Q4 2025)
- SEC Filing
- 0001623632-26-000246 ↗ filed Feb 12, 2026
Holdings Value
Holdings 2,055 stocks · $59.8B
| NVDA Nvidia Corp. | 2.49% | 7,997,647 | $1.5B | Add +3.5% |
| MSFT Microsoft Corp. | 2.46% | 3,038,870 | $1.5B | Add +12.3% |
| GOOGL Alphabet Inc. Class A | 2.37% | 4,535,181 | $1.4B | Add +6.0% |
| AAPL Apple Inc. | 1.85% | 4,073,978 | $1.1B | Add +15.6% |
| AMZN Amazon.com Inc. | 1.53% | 3,968,766 | $916.1M | Reduce -1.1% |
| ABBV Abbvie Inc. | 1.45% | 3,798,212 | $867.9M | Reduce -5.7% |
| AVGO Broadcom Inc. | 1.26% | 2,176,044 | $753.1M | Add +2.5% |
| PM Philip Morris International | 1.03% | 3,851,091 | $617.7M | Add +35.8% |
| VIK Viking Holdings Ltd. | 1.03% | 8,611,685 | $615.0M | Add +1.6% |
| PNC PNC Financial Services Group | 1.03% | 2,942,631 | $614.2M | Add +2.6% |
| USB US Bancorp | 1.02% | 11,483,013 | $612.7M | Add +3.0% |
| AMGN Amgen Inc. | 0.98% | 1,799,440 | $589.0M | Reduce -13.8% |
| XOM Exxon Mobil Corp. | 0.96% | 4,777,555 | $574.9M | Add +1.4% |
| PLD Prologis Inc. | 0.94% | 4,386,436 | $560.0M | Add +3.1% |
| TFC Truist Financial Corp. | 0.87% | 10,563,583 | $519.8M | Add +1.1% |
| PFE Pfizer Inc. | 0.84% | 20,247,881 | $504.2M | Add +8.8% |
| JNJ Johnson & Johnson | 0.84% | 2,422,209 | $501.3M | Reduce -29.7% |
| META Meta Platforms Inc. Class A | 0.84% | 758,248 | $500.5M | Add +20.5% |
| AMP Ameriprise Financial Inc. | 0.80% | 973,097 | $477.1M | Add +0.7% |
| CVX Chevron Corp. | 0.78% | 3,078,833 | $469.2M | Reduce -4.5% |
| VZ Verizon Communications Inc. | 0.76% | 11,180,321 | $455.4M | Reduce -22.4% |
| DUK Duke Energy Corp. | 0.71% | 3,633,204 | $425.8M | Add +4.3% |
| GEV GE Vernova Inc. | 0.70% | 645,002 | $421.6M | Reduce -16.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.66% | 3,420,804 | $397.1M | Add +101.9% |
| FE Firstenergy Corp. | 0.64% | 8,586,883 | $384.4M | Reduce -0.5% |
| PEP Pepsico Inc. | 0.64% | 2,663,179 | $382.2M | Add +2.1% |
| AMCR Amcor PLC | 0.60% | 43,175,156 | $360.1M | Add +9.7% |
| LLY Eli Lilly & Co. | 0.57% | 320,071 | $344.0M | Add +157.5% |
| COST Costco Wholesale Corp. | 0.56% | 390,657 | $336.9M | Add +4.7% |
| DECK Deckers Outdoor Corp. | 0.55% | 3,149,719 | $326.5M | Add +374.1% |
| AEP American Electric Power | 0.54% | 2,819,510 | $325.1M | Reduce -26.3% |
| GILD Gilead Sciences Inc. | 0.54% | 2,629,536 | $322.7M | Reduce -1.0% |
| VLTO Veralto Corp. | 0.54% | 3,231,921 | $322.5M | Add +9.1% |
| HWM Howmet Aerospace Inc. | 0.54% | 1,561,474 | $320.1M | Add +45.5% |
| ADBE Adobe Inc. | 0.52% | 892,062 | $312.2M | Reduce -0.7% |
| GE General Electric filed as GE AEROSPACE | 0.51% | 989,331 | $304.7M | Add +29.0% |
| TER Teradyne Inc. | 0.50% | 1,551,671 | $300.3M | Reduce -5.9% |
| FIX Comfort Systems USA Inc. | 0.50% | 317,466 | $296.3M | Reduce -2.1% |
| FISV Fiserv Inc. | 0.49% | 4,381,002 | $294.3M | Add +51127.8% |
| V Visa Inc. Class A | 0.49% | 830,929 | $291.4M | Add +0.9% |
| FIVE Five Below | 0.47% | 1,508,393 | $284.1M | Add +3.1% |
| TRV The Travelers Cos Inc. | 0.47% | 976,307 | $283.2M | Add +30.2% |
| PWR Quanta Services Inc. | 0.47% | 666,166 | $281.2M | Reduce -1.4% |
| PPL PPL Corp. | 0.47% | 7,995,675 | $280.0M | Reduce -0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.47% | 1,568,455 | $278.8M | Add +20.0% |
| EVRG Evergy Inc. | 0.46% | 3,760,548 | $272.6M | Add +1.6% |
| ZS Zscaler Inc. | 0.45% | 1,204,917 | $271.0M | Reduce -6.0% |
| XEL Xcel Energy Inc. | 0.45% | 3,659,777 | $270.3M | Reduce -2.9% |
| PAYX Paychex Inc. | 0.45% | 2,409,229 | $270.3M | Add +4141.1% |
| TSLA Tesla Inc. | 0.45% | 595,047 | $267.6M | Add +79.6% |
| CRM Salesforce Inc. | 0.44% | 993,801 | $263.3M | Reduce -22.8% |
| MRK Merck & Co. Inc. | 0.44% | 2,492,038 | $262.3M | Add +590.9% |
| TTE Totalenergies SE | 0.42% | 3,836,826 | $251.0M | Reduce -0.1% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.42% | 628,063 | $249.7M | Add +14.2% |
| NGG National Grid PLC-SP ADR | 0.41% | 3,169,406 | $245.2M | Add +0.3% |
| UBER Uber Technologies Inc. | 0.41% | 2,988,536 | $244.2M | Add +98.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.39% | 4,294,619 | $236.2M | Reduce -5.1% |
| MDB Mongodb Inc. | 0.39% | 561,714 | $235.7M | Add +82.6% |
| QCOM Qualcomm Inc. | 0.39% | 1,373,441 | $234.9M | Add +5.7% |
| NTRA Natera Inc. | 0.39% | 1,019,195 | $233.5M | Add +27.9% |
| WEC WEC Energy Group Inc. | 0.39% | 2,207,597 | $232.8M | Add +8.6% |
| ENB Enbridge Inc. | 0.39% | 4,856,372 | $232.3M | Reduce -0.6% |
| VEEV Veeva Systems Inc. Class A | 0.38% | 1,030,312 | $230.0M | Add +50.4% |
| KIM Kimco Realty Corp. | 0.38% | 11,300,478 | $229.1M | Add +6.1% |
| COR Cencora Inc. | 0.38% | 677,710 | $228.9M | Reduce -12.9% |
| TXN Texas Instruments Inc. | 0.38% | 1,317,815 | $228.6M | Add +2713.7% |
| HBAN Huntington Bancshares Inc. | 0.38% | 13,128,116 | $227.8M | Reduce -38.4% |
| PODD Insulet Corp. | 0.36% | 767,834 | $218.2M | Add +9.6% |
| SHOP Shopify Inc. Class A | 0.36% | 1,334,162 | $214.8M | Reduce -6.4% |
| BTI British American Tob-SP ADR | 0.36% | 3,777,292 | $213.9M | Reduce -0.1% |
| VRT Vertiv Holdings Co. Class A | 0.35% | 1,296,865 | $210.1M | Add +18.1% |
| TT Trane Technologies PLC | 0.35% | 533,766 | $207.7M | Reduce -0.7% |
| GH Guardant Health Inc. | 0.35% | 2,031,562 | $207.5M | Add +14.4% |
| RBLX Roblox Corp. Class A | 0.35% | 2,558,670 | $207.3M | Reduce -20.8% |
| KMB Kimberly-Clark Corp. | 0.34% | 2,042,970 | $206.1M | Reduce -15.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.33% | 712,388 | $198.7M | Add +7.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.33% | 1,277,126 | $196.2M | Add +13.5% |
| EXPE Expedia Group Inc. | 0.32% | 674,820 | $191.2M | Add +7.4% |
| MA Mastercard Inc. Class A | 0.32% | 334,101 | $190.7M | Add +23.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.32% | 627,527 | $190.7M | Add +1.4% |
| REGN Regeneron Pharmaceuticals | 0.32% | 246,619 | $190.4M | Add +4.4% |
| KO The Coca-Cola Co. | 0.32% | 2,716,410 | $189.9M | Add +0.8% |
| PANW Palo Alto Networks Inc. | 0.32% | 1,030,515 | $189.8M | Add +83.8% |
| RBRK Rubrik Inc. Class A | 0.31% | 2,449,646 | $187.3M | Add +0.5% |
| HEI Heico Corp. | 0.31% | 577,782 | $187.0M | Add +5.2% |
| RDDT Reddit Inc. Class A | 0.31% | 795,141 | $182.8M | Add +10.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.30% | 383,608 | $179.8M | Add +30.4% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.30% | 4,710,847 | $178.8M | Add +1041.1% |
| SNY Sanofi-ADR | 0.29% | 3,642,307 | $176.5M | Add +20.0% |
| RYTM Rhythm Pharmaceuticals Inc. | 0.29% | 1,623,841 | $173.8M | Reduce -6.0% |
| AXON Axon Enterprise Inc. | 0.28% | 294,513 | $167.3M | Reduce -11.8% |
| NFLX Netflix Inc. | 0.27% | 1,714,059 | $160.7M | Reduce -2.7% |
| BSX Boston Scientific Corp. | 0.27% | 1,676,886 | $159.9M | Add +2.0% |
| STT State Street Corp. | 0.27% | 1,236,389 | $159.5M | Add +9.7% |
| LNG Cheniere Energy Inc. | 0.26% | 813,746 | $158.2M | Add +1.7% |
| CE Celanese Corp. | 0.26% | 3,714,542 | $157.1M | Reduce -19.2% |
| ANET Arista Networks Inc. | 0.26% | 1,198,583 | $157.1M | Reduce -1.7% |
| CAH Cardinal Health Inc. | 0.26% | 763,574 | $156.9M | Reduce -20.5% |
| SO The Southern Co. | 0.26% | 1,786,440 | $155.8M | Reduce -8.8% |
| TRP TC Energy Corp. | 0.26% | 2,826,748 | $155.5M | Reduce -0.2% |
Other holdings (8): bonds, preferreds, convertibles and warrants · $18.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 60,000 | $4.5M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 65,273 | $4.2M | Add +11.4% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 79,821 | $4.1M | No change |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | 60,000 | $3.0M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 37,000 | $2.2M | 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 |
Total filed on the 13F, all lines: $59.8B.
Portfolio Sells Q3 2025 → Q4 2025
| RBLX Roblox Corp. Class A | Reduce -20.8% | 0.35% | −0.44 |
| VZ Verizon Communications Inc. | Reduce -22.4% | 0.76% | −0.36 |
| NTNX Nutanix Inc. Class A | Reduce -62.1% | 0.12% | −0.35 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.30 |
| DASH DoorDash Inc. Class A | Reduce -71.6% | 0.09% | −0.30 |
| JNJ Johnson & Johnson | Reduce -29.7% | 0.84% | −0.29 |
| DXCM Dexcom Inc. | Reduce -66.5% | 0.13% | −0.28 |
| HBAN Huntington Bancshares Inc. | Reduce -38.4% | 0.38% | −0.27 |
| ZS Zscaler Inc. | Reduce -6.0% | 0.45% | −0.23 |
| AEP American Electric Power | Reduce -26.3% | 0.54% | −0.22 |
| MRUS Merus NV | Sold out | 0.00% | −0.21 |
| ABBV Abbvie Inc. | Reduce -5.7% | 1.45% | −0.20 |
| KMB Kimberly-Clark Corp. | Reduce -15.1% | 0.34% | −0.18 |
| SFM Sprouts Farmers Market Inc. | Reduce -99.0% | 0.00% | −0.18 |
| HOOD Robinhood Markets Inc. Class A | Reduce -94.6% | 0.01% | −0.16 |
| ARE Alexandria Real Estate Equit | Reduce -99.9% | 0.00% | −0.15 |
| AXON Axon Enterprise Inc. | Reduce -11.8% | 0.28% | −0.14 |
| GEV GE Vernova Inc. | Reduce -16.6% | 0.70% | −0.14 |
| PGR Progressive Corp. | Reduce -41.0% | 0.14% | −0.13 |
| ETN Eaton Corp. PLC | Reduce -55.1% | 0.07% | −0.13 |
| SARO Standardaero Inc. | Reduce -91.0% | 0.01% | −0.13 |
| VRSK Verisk Analytics Inc. | Reduce -99.4% | 0.00% | −0.12 |
| ARCT Arcturus Therapeutics Holdin | Reduce -29.6% | 0.03% | −0.12 |
| WMB Williams Cos Inc. | Reduce -62.6% | 0.06% | −0.12 |
| NFLX Netflix Inc. | Reduce -2.7% | 0.27% | −0.10 |
| CVX Chevron Corp. | Reduce -4.5% | 0.78% | −0.10 |
| CRM Salesforce Inc. | Reduce -22.8% | 0.44% | −0.10 |
| NET Cloudflare Inc. Class A | Reduce -19.6% | 0.23% | −0.10 |
| ICE Intercontinental Exchange Inc. | Reduce -78.0% | 0.02% | −0.10 |
| EME Emcor Group Inc. | Reduce -18.1% | 0.25% | −0.09 |
| BMO Bank of Montreal | Reduce -27.2% | 0.19% | −0.09 |
| XEL Xcel Energy Inc. | Reduce -2.9% | 0.45% | −0.09 |
| COF Capital One Financial Corp. | Reduce -45.2% | 0.12% | −0.08 |
| CE Celanese Corp. | Reduce -19.2% | 0.26% | −0.08 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.08 |
| WIX Wix.com Ltd. | Reduce -43.1% | 0.04% | −0.08 |
| ACMR Acm Research Inc. Class A | Reduce -98.2% | 0.00% | −0.07 |
| PTC PTC Inc. | Reduce -50.3% | 0.05% | −0.07 |
| TRGP Targa Resources Corp. | Reduce -74.4% | 0.03% | −0.07 |
| JEF Jefferies Financial Group Inc. | Reduce -34.6% | 0.10% | −0.07 |
| FFIV F5 Inc. | Reduce -44.9% | 0.05% | −0.07 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -58.4% | 0.06% | −0.07 |
| CSGP Costar Group Inc. | Reduce -9.6% | 0.15% | −0.07 |
| DUOL Duolingo | Reduce -46.8% | 0.03% | −0.07 |
| SO The Southern Co. | Reduce -8.8% | 0.26% | −0.07 |
| SPOT Spotify Technology SA | Reduce -4.5% | 0.19% | −0.06 |
| HUBS HubSpot Inc. | Reduce -14.2% | 0.14% | −0.06 |
| LEGN Legend Biotech Corp.-ADR | Reduce -98.5% | 0.00% | −0.06 |
| DKNG Draftkings Inc. Class A | Reduce -48.3% | 0.05% | −0.06 |
| PPL PPL Corp. | Reduce -0.2% | 0.47% | −0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +6.0% | 2.37% | +0.54 |
| FISV Fiserv Inc. | Add +51127.8% | 0.49% | +0.49 |
| PAYX Paychex Inc. | Add +4141.1% | 0.45% | +0.44 |
| DECK Deckers Outdoor Corp. | Add +374.1% | 0.55% | +0.43 |
| LLY Eli Lilly & Co. | Add +157.5% | 0.57% | +0.41 |
| MRK Merck & Co. Inc. | Add +590.9% | 0.44% | +0.39 |
| TXN Texas Instruments Inc. | Add +2713.7% | 0.38% | +0.37 |
| BNY Bank of New York Mellon Corp. | Add +101.9% | 0.66% | +0.34 |
| AAPL Apple Inc. | Add +15.6% | 1.85% | +0.27 |
| TTD Trade Desk Inc./the Class A | Add +1041.1% | 0.30% | +0.26 |
| CME Cme Group Inc. | Add +4273.4% | 0.26% | +0.25 |
| MDB Mongodb Inc. | Add +82.6% | 0.39% | +0.23 |
| PM Philip Morris International | Add +35.8% | 1.03% | +0.22 |
| TSLA Tesla Inc. | Add +79.6% | 0.45% | +0.19 |
| NTRA Natera Inc. | Add +27.9% | 0.39% | +0.16 |
| HWM Howmet Aerospace Inc. | Add +45.5% | 0.54% | +0.16 |
| BKNG Booking Holdings Inc. | Add +802.1% | 0.17% | +0.15 |
| GH Guardant Health Inc. | Add +14.4% | 0.35% | +0.15 |
| UBER Uber Technologies Inc. | Add +98.6% | 0.41% | +0.15 |
| MO Altria Group Inc. | Add +333.1% | 0.20% | +0.14 |
| UL Unilever PLC-Sponsored ADR | Add +1075.8% | 0.15% | +0.14 |
| CBRE CBRE Group Inc. Class A | Add +649.4% | 0.14% | +0.12 |
| AHR American Healthcare REIT Inc. | Add +130.1% | 0.20% | +0.12 |
| PANW Palo Alto Networks Inc. | Add +83.8% | 0.32% | +0.12 |
| TRV The Travelers Cos Inc. | Add +30.2% | 0.47% | +0.10 |
| STX Seagate Technology Holdings | Add +63891.2% | 0.10% | +0.10 |
| GE General Electric | Add +29.0% | 0.51% | +0.10 |
| INSM Insmed Inc. | Add +92.6% | 0.18% | +0.10 |
| VIK Viking Holdings Ltd. | Add +1.6% | 1.03% | +0.10 |
| BABA Alibaba Group Holding-SP ADR | Add +6279.8% | 0.10% | +0.10 |
| ZBIO Zenas Biopharma Inc. | Add +45.9% | 0.16% | +0.09 |
| APH Amphenol Corp. Class A | Add +209.7% | 0.13% | +0.09 |
| HLT Hilton Worldwide Holdings Inc. | Add +81.3% | 0.19% | +0.09 |
| DOCS Doximity Inc. Class A | Add +3422.7% | 0.09% | +0.09 |
| MU Micron Technology Inc. | Add +6.3% | 0.21% | +0.09 |
| WVE Wave Life Sciences Ltd. | Add +26.5% | 0.13% | +0.09 |
| REGN Regeneron Pharmaceuticals | Add +4.4% | 0.32% | +0.08 |
| EXPE Expedia Group Inc. | Add +7.4% | 0.32% | +0.08 |
| DOCU Docusign Inc. | Add +318.8% | 0.11% | +0.08 |
| FIVE Five Below | Add +3.1% | 0.47% | +0.08 |
| PLD Prologis Inc. | Add +3.1% | 0.94% | +0.07 |
| EYPT Eyepoint Inc. | Add +36.3% | 0.18% | +0.07 |
| CR Crane Co. | Add +4412.6% | 0.07% | +0.07 |
| USB US Bancorp | Add +3.0% | 1.02% | +0.07 |
| KRMN Karman Holdings Inc. | Add +2016.3% | 0.07% | +0.07 |
| WMT Walmart Inc. | Add +62.5% | 0.17% | +0.07 |
| EDU New Oriental Educatio-SP ADR | Add +13865.2% | 0.07% | +0.07 |
| DDOG Datadog Inc. Class A | Add +52.1% | 0.24% | +0.07 |
| VRT Vertiv Holdings Co. Class A | Add +18.1% | 0.35% | +0.06 |
| ACN Accenture PLC Class A | Add +59.2% | 0.15% | +0.06 |
Notes & Other Activity Q3 2025 → Q4 2025
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +11.4% | 65,273 | $4.2M |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | New | 60,000 | $3.0M |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | Sold out | 207 | $362before 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 |