Federated Hermes Portfolio holdings

Federated Hermes's Q1 2019 Portfolio in Review

As of Q1 2019, Federated Hermes held 2,307 positions worth $40.4B, up 10% from $36.7B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Federated Hermes withdrew a net $1.28B in Q1 2019, closing 165 positions and reducing 1,066 holdings. Its most notable exit was iShares Select Dividend ETF, an estimated $83.7M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 15% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Federated Hermes opened a new position in Two Harbors Investment worth $33.8M.

• Federated Hermes's largest Q1 2019 buy was Two Harbors Investment: 625,000 shares worth $33.8M.
• Federated Hermes added most to PepsiCo in Q1 2019, an estimated $146M increase.
• Federated Hermes's biggest Q1 2019 reduction was Altria Group, cutting an estimated $213M.
• Federated Hermes fully exited iShares Select Dividend ETF in Q1 2019, selling an estimated $83.7M.
• Federated Hermes's ten largest holdings make up 17% of its $40.4B portfolio in Q1 2019.
• Federated Hermes opened 125 new positions and closed 165 in Q1 2019.
• Federated Hermes's portfolio value rose 10% quarter-over-quarter to $40.4B.

Based on Federated Hermes's 13F filing for Q1 2019, filed 10 May 2019.