Federated Hermes Portfolio holdings

Federated Hermes's Q4 2016 Portfolio in Review

As of Q4 2016, Federated Hermes held 2,275 positions worth $33.4B, down 4% from $34.8B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Federated Hermes withdrew a net $1.84B in Q4 2016, closing 187 positions and reducing 1,124 holdings. Its most notable exit was Valvoline, an estimated $45.9M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 18% a quarter earlier, followed by Consumer Staples and Communication Services.

Against the trend, Federated Hermes opened a new position in ZTO Express worth $40.4M.

• Federated Hermes's largest Q4 2016 buy was ZTO Express: 3,343,100 shares worth $40.4M.
• Federated Hermes added most to Crown Castle in Q4 2016, an estimated $270M increase.
• Federated Hermes's biggest Q4 2016 reduction was Reynolds American Inc, cutting an estimated $645M.
• Federated Hermes fully exited Valvoline in Q4 2016, selling an estimated $45.9M.
• Federated Hermes's ten largest holdings make up 27% of its $33.4B portfolio in Q4 2016.
• Federated Hermes opened 164 new positions and closed 187 in Q4 2016.
• Federated Hermes's portfolio value fell 4% quarter-over-quarter to $33.4B.

Based on Federated Hermes's 13F filing for Q4 2016, filed 10 Feb 2017.