# EDGAR Filing Document

**Accession Number:** 0000745968
**File Stem:** 0001193125-25-329823
**Filing Date:** 2025-12
**Character Count:** 57616
**Document Hash:** 53deb12a82df3d26ac31fab2f2a4f984
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-329823.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001193125-25-329823

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Equity Funds
- **CENTRAL INDEX KEY:** 0000745968

**ORGANIZATION NAME:**
- **EIN:** 251470423
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04017
- **FILM NUMBER:** 251595036

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED EQUITY FUNDS
- **DATE OF NAME CHANGE:** 20200616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED HERMES EQUITY FUNDS
- **DATE OF NAME CHANGE:** 20200615

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED EQUITY FUNDS
- **DATE OF NAME CHANGE:** 19950810

## Series and Classes Contracts Data

### Federated Hermes Kaufmann Small Cap Fund (Series ID: S000009730)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000026733 | Class A Shares       | FKASX           |
| C000026735 | Class C Shares       | FKCSX           |
| C000026736 | Class R Shares       | FKKSX           |
| C000164583 | Institutional Shares | FKAIX           |
| C000188312 | Class T Shares       |  |
| C000195257 | Class R6 Shares      | FKALX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Federated Hermes Equity Funds

- **b. Investment Company Act file number:** 811-04017

- **c. CIK number of Registrant:** 0000745968

- **d. LEI of Registrant:** 254900QLYYRKC7NVWP04

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Federated Hermes Kaufmann Small Cap Fund

- **b. EDGAR series identifier (if any):** S000009730

- **c. LEI of Series:** F9HYTNU10JO6FBUXPG81

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3475658938.76

**Total Liabilities:** $158377538.19

**Net Assets:** $3317281400.57

**Cash Not Reported:** $5051.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026733 | 2.38%                | -0.50%               | 2.12%                |
| Class ID C000026735 | 2.34%                | -0.56%               | 2.05%                |
| Class ID C000026736 | 2.38%                | -0.50%               | 2.12%                |
| Class ID C000164583 | 2.42%                | -0.46%               | 2.15%                |
| Class ID C000195257 | 2.40%                | -0.47%               | 2.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19393953.74             | $55976607.72                               |
| Month 2  | $29747776.14             | $-52060558.74                              |
| Month 3  | $-15082584.53            | $79789531.90                               |

### Schedule of Portfolio Investments

| Name                                  | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| aTyr Pharma Inc                       | aTyr Pharma Inc                              | CUSIP: 002120202<br>LEI: 529900ENQUXMC5EBKO36 | Long             | EC               | CORP              | US        |   4806877 | NS      | $4162755.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| AZZ Inc                               | AZZ Inc                                      | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |    285800 | NS      | $28537130.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                          | Archrock Inc                                 | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    366500 | NS      | $9261455.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group Inc      | First Watch Restaurant Group Inc             | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    942300 | NS      | $15538527.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Abivax SA                             | Abivax SA                                    | CUSIP: 00370M103<br>LEI: 969500D8TMNB184OJU95 | Long             | EC               | CORP              | FR        |    100500 | NS      | $10293210.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amprius Technologies Inc              | Amprius Technologies Inc                     | CUSIP: 03214Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    410500 | NS      | $5783945.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Forte Biosciences Inc                 | Forte Biosciences Inc                        | CUSIP: 34962G208<br>LEI: 529900Z84WFDHPS3JP76 | Long             | EC               | CORP              | US        |    702400 | NS      | $9089056.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                   | Guardant Health Inc                          | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |    588842 | NS      | $54774082.84  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA AKOUOS INC                     | CONTRA AKOUOS INC                            | CUSIP: 009CVR036<br>LEI: N/A                  | N/A              | DE               |  | US        |   1950000 | NS      | $1025700.00   | 0.03%             |  |  |  | No            |                  3 | On Loan: —       |
| AnaptysBio Inc                        | AnaptysBio Inc                               | CUSIP: 032724106<br>LEI: 529900HH4WQT03IG1A12 | Long             | EC               | CORP              | US        |    290000 | NS      | $10608200.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Artisan Partners Asset Managem        | Artisan Partners Asset Management Inc        | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    200000 | NS      | $8732000.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Rock Coffee Bar Inc             | Black Rock Coffee Bar Inc                    | CUSIP: 092244102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $3207500.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Centuri Holdings Inc                  | Centuri Holdings Inc                         | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1315056 | NS      | $26550980.64  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceribell Inc                          | Ceribell Inc                                 | CUSIP: 15678C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    786751 | NS      | $8968961.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The              | Chefs' Warehouse Inc/The                     | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |    547600 | NS      | $32308400.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Chime Financial Inc                   | Chime Financial Inc                          | CUSIP: 16935C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    350000 | NS      | $6009500.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Cleveland-Cliffs Inc                  | Cleveland-Cliffs Inc                         | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    200000 | NS      | $2486000.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                        | DraftKings Inc                               | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    450000 | NS      | $13765500.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie        | Applied Industrial Technologies Inc          | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |    211800 | NS      | $54451662.00  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcturus Therapeutics Holdings Inc    | Arcturus Therapeutics Holdings Inc           | CUSIP: 03969T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2198020 | NS      | $21914259.40  | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Ares Management Corp                  | Ares Management Corp                         | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |    360000 | NS      | $53535600.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc             | Circle Internet Group Inc                    | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |     30000 | NS      | $3809400.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Comfort Systems USA Inc               | Comfort Systems USA Inc                      | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |    127550 | NS      | $123159729.00 | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                 | CommVault Systems Inc                        | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     92600 | NS      | $12891772.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc        | First Financial Bankshares Inc               | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    175000 | NS      | $5405750.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc            | Floor & Decor Holdings Inc                   | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |    262000 | NS      | $16369760.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties         | Gaming and Leisure Properties Inc            | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    500000 | NS      | $22330000.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                     | Hamilton Lane Inc                            | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |    350000 | NS      | $39886000.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                      | CoStar Group Inc                             | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    300000 | NS      | $20643000.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                          | Duolingo Inc                                 | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $27064000.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Dyne Therapeutics Inc                 | Dyne Therapeutics Inc                        | CUSIP: 26818M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44629 | NS      | $1007722.82   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Figure Technology Solutions Inc       | Figure Technology Solutions Inc              | CUSIP: 349381103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225000 | NS      | $8910000.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                               | ATI Inc                                      | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    496400 | NS      | $49128708.00  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA FUSION PHARMACE                | CONTRA FUSION PHARMACE                       | CUSIP: 361CVR012<br>LEI: N/A                  | N/A              | DE               |  | CA        |   5074231 | NS      | $2790827.05   | 0.08%             |  |  |  | No            |                  3 | On Loan: —       |
| Loar Holdings Inc                     | Loar Holdings Inc                            | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    629100 | NS      | $49780683.00  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Miami International Holdings Inc      | Miami International Holdings Inc             | CUSIP: 59356Q108<br>LEI: 254900TREUDBWGLAP788 | Long             | EC               | CORP              | US        |    250000 | NS      | $10925000.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                         | Pinterest Inc                                | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    300000 | NS      | $9930000.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp              | PROCEPT BioRobotics Corp                     | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150000 | NS      | $5104500.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                            | Rambus Inc                                   | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     92500 | NS      | $9512700.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Reservoir Media Inc                   | Reservoir Media Inc                          | CUSIP: 76119X105<br>LEI: 549300PHPDQ9M9QSNU18 | Long             | EC               | CORP              | US        |   1844611 | NS      | $14019043.60  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc            | Rhythm Pharmaceuticals Inc                   | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |    758000 | NS      | $86230080.00  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SoundThinking Inc                     | ShotSpotter Inc                              | CUSIP: 82536T107<br>LEI: 549300MQV8SOWVNVZ667 | Long             | EC               | CORP              | US        |   1000000 | NS      | $9350000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoulder Innovations Inc              | Shoulder Innovations Inc                     | CUSIP: 82537J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $2344000.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Slide Insurance Holdings Inc          | Slide Insurance Holdings Inc                 | CUSIP: 831349105<br>LEI: 2549004LDWZTPC69SX47 | Long             | EC               | CORP              | US        |    600000 | NS      | $9594000.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Vertex Inc                            | Vertex Inc                                   | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     50000 | NS      | $1145000.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Via Transportation Inc                | Via Transportation Inc                       | CUSIP: 92556W104<br>LEI: 5493008VI9XI9EV3A861 | Long             | EC               | CORP              | US        |    190000 | NS      | $10151700.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Voyager Technologies Inc              | Voyager Technologies Inc                     | CUSIP: 92892B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    325000 | NS      | $9938500.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| WaterBridge Infrastructure LLC        | WaterBridge Infrastructure LLC               | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    633000 | NS      | $15192000.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SCYNEXIS INC WARRANTS                 | SCYNEXIS INC WARRANTS                        | CUSIP: 000000000<br>LEI: 529900XBHFGMNTU70154 | N/A              | DE               |  | US        |    165355 | NS      | $23645.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QXO                                   | QXO                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1430000 | NS      | $25268100.00  | 0.76%             |  |  |  | No            |                  3 | On Loan: No      |
| Wingstop Inc                          | Wingstop Inc                                 | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |    148300 | NS      | $32126229.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| OVID THERAPEUTICS INC SR B CVT        | OVID THERAPEUTICS INC SR B CVT               | CUSIP: 000000000<br>LEI: 549300H36NUI4L6U8F17 | Long             | EP               | CORP              | US        |      3571 | NS      | $3722767.50   | 0.11%             |  |  |  | No            |                  3 | On Loan: No      |
| ZENAS BIOPHARMA, INC                  | ZENAS BIOPHARMA, INC                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    203640 | NS      | $6363750.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERVA NEUROSCIENCES, INC            | MINERVA NEUROSCIENCES, INC                   | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | Long             | EP               | CORP              | US        |      3280 | NS      | $4887036.00   | 0.15%             |  |  |  | No            |                  3 | On Loan: No      |
| OVID THERAPEUTICS,INC                 | OVID THERAPEUTICS,INC                        | CUSIP: 000000000<br>LEI: 549300H36NUI4L6U8F17 | N/A              | DE               |  | US        |   1785500 | NS      | $1693993.13   | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| On Holding AG                         | On Holding AG                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |    506100 | NS      | $18801615.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Moncler SpA                           | Moncler SpA                                  | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |    235900 | NS      | $14092795.20  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Alliance Laundry Holdings Inc         | Alliance Laundry Holdings Inc                | CUSIP: 01862Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $2650000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Astera Labs Inc                       | Astera Labs Inc                              | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $18668000.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                   | Axon Enterprise Inc                          | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     61100 | NS      | $44739253.00  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                  | Blue Owl Capital Inc                         | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    600000 | NS      | $9462000.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                | Boot Barn Holdings Inc                       | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     80900 | NS      | $15342685.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                        | Cava Group Inc                               | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141000 | NS      | $7575930.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                          | Insulet Corp                                 | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |    155200 | NS      | $48579152.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Klaviyo Inc                           | Klaviyo Inc                                  | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1362400 | NS      | $35422400.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Centessa Pharmaceuticals PLC          | Centessa Pharmaceuticals PLC                 | CUSIP: 152309100<br>LEI: 213800GIDAARDSKOI827 | Long             | EC               | CORP              | GB        |    840000 | NS      | $20916000.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc             | Construction Partners Inc                    | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     72000 | NS      | $8233200.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu        | Kratos Defense & Security Solutions Inc      | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |    188200 | NS      | $17050920.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc               | Kymera Therapeutics Inc                      | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    267300 | NS      | $16529832.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MNTN Inc                              | MNTN Inc                                     | CUSIP: 55318A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    650000 | NS      | $10777000.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Federated Government Obligations Fund | Federated Hermes Government Obligations Fund | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |  48392839 | NS      | $48392839.38  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                | Motorola Solutions Inc                       | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     24000 | NS      | $9761040.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding        | Ollie's Bargain Outlet Holdings Inc          | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |    117700 | NS      | $14219337.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc             | DigitalOcean Holdings Inc                    | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |    500000 | NS      | $20330000.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                        | Dutch Bros Inc                               | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    521200 | NS      | $28947448.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Omada Health Inc                      | Omada Health Inc                             | CUSIP: 68170A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    500000 | NS      | $12285000.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Onestream Inc                         | Onestream Inc                                | CUSIP: 68278B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    850000 | NS      | $16056500.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                 | Powell Industries Inc                        | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     95000 | NS      | $36422050.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                      | RBC Bearings Inc                             | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23200 | NS      | $9941896.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA REGULUS THERAPE                | CONTRA REGULUS THERAPE                       | CUSIP: 759CVR012<br>LEI: N/A                  | N/A              | DE               |  | US        |  14729500 | NS      | $17086220.00  | 0.52%             |  |  |  | No            |                  3 | On Loan: No      |
| SentinelOne Inc                       | SentinelOne Inc                              | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |    969500 | NS      | $17305575.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc            | ServisFirst Bancshares Inc                   | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $3513500.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SAIL BIOMEDICINES,INC.                | SAIL BIOMEDICINES,INC.                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    188702 | NS      | $5357117.69   | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vericel Corp                          | Vericel Corp                                 | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |    200000 | NS      | $7012000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                   | VICI Properties Inc                          | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    200000 | NS      | $5998000.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CEQUR SA                              | FED HERMES KAUFMANN SM CAP CEQUR SA          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |   2178049 | NS      | $11059243.74  | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GOSSAMER BIO, INC.                    | GOSSAMER BIO, INC.                           | CUSIP: 000000000<br>LEI: 549300ZOC0N2W6PSFR58 | N/A              | DE               |  | US        |    766284 | NS      | $1723679.23   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MINERVA NEUROSCIENCES INC             | MINERVA NEUROSCIENCES INC                    | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |    162100 | NS      | $680820.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE, INC                         | REZOLUTE, INC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |    839900 | NS      | $7827868.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                               | XPO Logistics Inc                            | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |    264800 | NS      | $38096776.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc             | Xenon Pharmaceuticals Inc                    | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |    232500 | NS      | $9746400.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                     | YETI Holdings Inc                            | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    476700 | NS      | $16203033.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Zenas Biopharma Inc                   | Zenas Biopharma Inc                          | CUSIP: 98937L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    742676 | NS      | $23208625.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| REZOLUTE INC WARRANT                  | REZOLUTE INC   WARRANT STRIKE PRICE 0.39     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |    193334 | NS      | $407103.40    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SCYNEXIS INC WARRANT                  | SCYNEXIS INC WARRANT EXP 01/01/2099          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |   1441000 | NS      | $951060.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| REZOLUTE, INC                         | REZOLUTE, INC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     64800 | NS      | $603936.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE INC                          | REZOLUTE INC                                 | CUSIP: 000000000<br>LEI: 549300T05L48T72P2G08 | N/A              | DE               |  | US        |   1685800 | NS      | $15711656.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| OVID THERAPEUTICS                     | OVID THERAPEUTICS                            | CUSIP: 000000000<br>LEI: 549300H36NUI4L6U8F17 | N/A              | DE               |  | US        |   2380666 | NS      | $782762.98    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| MINERVA NEUROSCIENCE PIPE00320        | MINERVA NEUROSCIENCE PIPE00320               | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | N/A              | DE               |  | US        |      3280 | NS      | $3223931.11   | 0.10%             |  |  |  | No            |                  3 | On Loan: No      |
| Kestra Medical Technologies Ltd       | Kestra Medical Technologies Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $10952000.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Viking Holdings Ltd                   | Viking Holdings Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    675000 | NS      | $41073750.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd/Israel                     | Camtek Ltd/Israel                            | CUSIP: 000000000<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |    610000 | NS      | $75530200.00  | 2.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Wix.com Ltd                           | Wix.com Ltd                                  | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |    150000 | NS      | $21831000.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiverr International Ltd              | Fiverr International Ltd                     | CUSIP: 000000000<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | IL        |    740000 | NS      | $16753600.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                               | Bullish                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    265000 | NS      | $13401050.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| FTAI Aviation Ltd                     | FTAI Aviation Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    171200 | NS      | $29600480.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Merus NV                              | Merus NV                                     | CUSIP: 000000000<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | NL        |    640000 | NS      | $60710400.00  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV        | BE Semiconductor Industries NV               | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |    186800 | NS      | $31798136.72  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| WaVe Life Sciences Ltd                | WaVe Life Sciences Ltd                       | CUSIP: 000000000<br>LEI: 54930070006GPKFYZ813 | Long             | EC               | CORP              | SG        |   1575513 | NS      | $14242637.52  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Etoro Group Ltd                       | Etoro Group Ltd                              | CUSIP: 000000000<br>LEI: 213800XPRPJK2X5QRG86 | Long             | EC               | CORP              | VG        |    200000 | NS      | $7412000.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Eagle Materials Inc                   | Eagle Materials Inc                          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |    110300 | NS      | $23418896.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EyePoint Pharmaceuticals Inc          | EyePoint Pharmaceuticals Inc                 | CUSIP: 30233G209<br>LEI: 549300QE1RU34T50MR69 | Long             | EC               | CORP              | US        |   1982000 | NS      | $25944380.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                            | Genmab A/S                                   | CUSIP: 372303206<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |    285000 | NS      | $8153850.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| HEICO Corp                            | HEICO Corp                                   | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    169500 | NS      | $53862015.00  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ideaya Biosciences Inc                | Ideaya Biosciences Inc                       | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               | CORP              | US        |   1368192 | NS      | $43590597.12  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                  | Lamar Advertising Co                         | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |    205000 | NS      | $24310950.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                           | HubSpot Inc                                  | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     28650 | NS      | $14093508.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc           | Inspire Medical Systems Inc                  | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |    103800 | NS      | $7481904.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp                          | Legence Corp                                 | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    506800 | NS      | $20966316.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                     | MP Materials Corp                            | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |    178600 | NS      | $11267874.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc                              | IonQ Inc                                     | CUSIP: 46222L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75000 | NS      | $4678500.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Legend Biotech Corp                   | Legend Biotech Corp                          | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Long             | EC               | CORP              | KY        |    527700 | NS      | $17097480.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                         | Maplebear Inc                                | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    450000 | NS      | $16587000.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerva Neurosciences Inc             | Minerva Neurosciences Inc                    | CUSIP: 603380205<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |    534050 | NS      | $2243010.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Netskope Inc                          | Netskope Inc                                 | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |    800000 | NS      | $18912000.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                        | NEXTracker Inc                               | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    273000 | NS      | $27633060.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Palvella Therapeutics Inc             | Palvella Therapeutics Inc                    | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               | CORP              | US        |    160387 | NS      | $12805298.08  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                    | Planet Fitness Inc                           | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    350000 | NS      | $31741500.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                           | MongoDB Inc                                  | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |    150000 | NS      | $53973000.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                            | Natera Inc                                   | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146300 | NS      | $29103459.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Rezolute Inc                          | Rezolute Inc                                 | CUSIP: 76200L309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4345860 | NS      | $40503415.20  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SCYNEXIS Inc                          | SCYNEXIS Inc                                 | CUSIP: 811292200<br>LEI: 529900XBHFGMNTU70154 | Long             | EC               | CORP              | US        |    468504 | NS      | $309212.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                           | Shopify Inc                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    343000 | NS      | $59633980.00  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                             | Toast Inc                                    | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    308000 | NS      | $11131120.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERVA NEUROSCIENCES INC PIPE        | MINERVA NEUROSCIENCES INC PIPE               | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |     70950 | NS      | $297990.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ZENAS BIOPHARMA INC                   | ZENAS BIOPHARMA INC                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151443 | NS      | $4732593.75   | 0.14%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Xylem Inc/NY                          | Xylem Inc/NY                                 | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |    292500 | NS      | $44123625.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Accelerant Holdings                   | Accelerant Holdings                          | CUSIP: 000000000<br>LEI: 213800VS4CX9ZONTD965 | Long             | EC               | CORP              | KY        |    400000 | NS      | $4648000.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Credo Technology Group Holding        | Credo Technology Group Holding Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $9381000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                             | Argenx SE                                    | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |    235018 | NS      | $191985399.81 | 5.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Q2 Holdings Inc                       | Q2 Holdings Inc                              | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    315000 | NS      | $19454400.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                            | Rubrik Inc                                   | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |    725500 | NS      | $54608385.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc      | Ryman Hospitality Properties Inc             | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |    400000 | NS      | $34764000.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp             | Scholar Rock Holding Corp                    | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |    383400 | NS      | $11356308.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                           | SiTime Corp                                  | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $36205000.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith Douglas Homes Corp              | Smith Douglas Homes Corp                     | CUSIP: 83207R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    527300 | NS      | $9211931.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| StandardAero Inc                      | Standardaero Inc                             | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1053300 | NS      | $30429837.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                   | Texas Roadhouse Inc                          | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     71800 | NS      | $11745044.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                | Tyler Technologies Inc                       | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     40300 | NS      | $19193278.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc                      | UL Solutions Inc                             | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |    657200 | NS      | $51176164.00  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc         | Ultragenyx Pharmaceutical Inc                | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |    195600 | NS      | $6767760.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                     | Veeva Systems Inc                            | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     70600 | NS      | $20558720.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE                              | REZOLUTE                                     | CUSIP: 000000000<br>LEI: 549300T05L48T72P2G08 | N/A              | DE               |  | US        |    533000 | NS      | $4967560.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERVA NEUROSCIENCE PIPE00338        | MINERVA NEUROSCIENCE PIPE00338               | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | N/A              | DE               |  | US        |      1640 | NS      | $1935615.33   | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| UCB SA                                | UCB SA                                       | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |     60446 | NS      | $15586376.77  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Sportradar Group AG                   | Sportradar Holding AG                        | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |   1325000 | NS      | $33933250.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                 | CyberArk Software Ltd                        | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     90400 | NS      | $47078512.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                             | JFrog Ltd                                    | CUSIP: 000000000<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |    141500 | NS      | $6718420.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA                | Brunello Cucinelli SpA                       | CUSIP: 000000000<br>LEI: 5493003CX2RZ0FOBH256 | Long             | EC               | CORP              | IT        |    101000 | NS      | $10175537.25  | 0.31%             |  |  |  | No            |                  2 | On Loan: —       |
| Birkenstock Holding Plc               | Birkenstock Holding Plc                      | CUSIP: 000000000<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |    638500 | NS      | $25482535.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                            | Elastic NV                                   | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |    283000 | NS      | $25249260.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-23

**Name of Applicant:** Federated Hermes Equity Funds

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Equity Funds

**Title:** Chief Compliance Officer