Federated Hermes portfolio

What changed this quarter

1983 positions with a change (150 new, 808 added to, 855 trimmed, 170 sold); also, 18 entered through an IPO, 13 exited through an acquisition or merger, 5 entered through a spin-off. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Apple+33%more sharesIncreased
  1.9% → 2.6%
• Teradyne−60%fewer sharesReduced
  0.7% → 0.4%
• Alphabet−22%fewer sharesReduced
  2.3% → 2.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA2.7%
• AppleAAPL2.6%
• AlphabetGOOGL2.0%
• AbbVieABBV1.6%
• MicrosoftMSFT1.4%
• GE VernovaGEV1.3%
• Viking HoldingsVIK1.2%
• Amazon.comAMZN1.2%
• Micron TechnologyMU1.1%
• GE AerospaceGE1.1%
• US Bancorp \de\USB1.0%
• BroadcomAVGO1.0%
• Comfort Systems USAFIX1.0%
• Quanta ServicesPWR0.9%
• Bank of New York MellonBNY0.9%
• Verizon CommunicationsVZ0.8%
• PaychexPAYX0.8%
• PNC Financial Services GroupPNC0.8%
• PrologisPLD0.8%
• Philip Morris InternationalPM0.8%
• PfizerPFE0.7%
• AmgenAMGN0.7%
• AmcorAMCR0.7%
• FiservFISV0.7%
• Duke EnergyDUK0.7%
• WEC Energy GroupWEC0.7%
• FirstenergyFE0.7%
• Ameriprise FinancialAMP0.7%
• Kimco RealtyKIM0.7%
• PepsicoPEP0.7%
• Astera LabsALAB0.7%
• Advanced Micro DevicesAMD0.6%
• Vertiv HoldingsVRT0.6%
• American TowerAMT0.6%
• Costco WholesaleCOST0.6%
• CrowdStrike HoldingsCRWD0.6%
• TeslaTSLA0.6%
• Meta PlatformsMETA0.6%
• lululemon athleticaLULU0.6%
• MedtronicMDT0.6%
• ChevronCVX0.6%
• Travelers CompaniesTRV0.5%
• MerckMRK0.5%
• Veeva SystemsVEEV0.5%
• PPLPPL0.5%
• Regions FinancialRF0.5%
• Lumentum HoldingsLITE0.5%
• EvergyEVRG0.5%
• Howmet AerospaceHWM0.5%
• Automatic Data ProcessingADP0.5%
• Lam ResearchLRCX0.5%
• DatadogDDOG0.5%
• NateraNTRA0.4%
• IntuitINTU0.4%
• Eli LillyLLY0.4%
• CME GroupCME0.4%
• Guardant HealthGH0.4%
• Kimberly ClarkKMB0.4%
• NetflixNFLX0.4%
• Taiwan Semiconductor ManufacturingTSM0.4%
• TeradyneTER0.4%
• EnbridgeENB0.4%
• GartnerIT0.4%
• Altria GroupMO0.4%
• Arista NetworksANET0.4%
• Mondelez InternationalMDLZ0.4%
• AccentureACN0.4%
• KLAKLAC0.3%
• JPMorgan ChaseJPM0.3%
• Darden RestaurantsDRI0.3%
• Five BelowFIVE0.3%
• Applied MaterialsAMAT0.3%
• Texas InstrumentsTXN0.3%
• FortinetFTNT0.3%
• TotalEnergiesTTE0.3%
• State StreetSTT0.3%
• AdobeADBE0.3%
• Alnylam PharmaceuticalsALNY0.3%
• HeicoHEI0.3%
• Monolithic Power SystemsMPWR0.3%
• National GridNGG0.3%
• Truist FinancialTFC0.3%
• Rhythm PharmaceuticalsRYTM0.3%
• Xcel EnergyXEL0.3%
• Trade DeskTTD0.3%
• Targa ResourcesTRGP0.3%
• TC EnergyTRP0.3%
• Tyler TechnologiesTYL0.3%
• Advance Auto PartsAAP0.3%
• British American Tobacco p.l.c.BTI0.3%
• Johnson & JohnsonJNJ0.3%
• CoherentCOHR0.3%
• SouthernSO0.3%
• Trane TechnologiesTT0.3%
• EMCOR GroupEME0.3%
• Expedia GroupEXPE0.3%
• SnowflakeSNOW0.3%
• WalmartWMT0.3%
• Cardinal HealthCAH0.3%
• Live Nation EntertainmentLYV0.3%