# EDGAR Filing Document

**Accession Number:** 0000745968
**File Stem:** 0000745968-26-000027
**Filing Date:** 2026-3
**Character Count:** 91614
**Document Hash:** df87394541bb0cc4cbcb3e8e632c6ab4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000745968-26-000027.hdr.sgml**: 20260323

**ACCESSION NUMBER**: 0000745968-26-000027

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260323

**DATE AS OF CHANGE**: 20260323

**PERIOD START**: 20261031

**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:** 26780242

**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 Fund (Series ID: S000009729)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000026729 | Class A Shares       | KAUAX           |
| C000026731 | Class C Shares       | KAUCX           |
| C000026732 | Class R Shares       | KAUFX           |
| C000176447 | Institutional Shares | KAUIX           |
| C000188311 | Class T Shares       |  |

## Nport-Ex

Federated Hermes Kaufmann Fund

Portfolio of Investments

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—97.6% |  |
|  | **Communication Services—1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34128 | Meta Platforms, Inc. | &nbsp;&nbsp; $24452712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000<br><sup>1</sup> <br>| Spotify Technology S.A. | &nbsp;&nbsp; 52536750 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76989462 |
|  | **Consumer Discretionary—10.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000<br><sup>1</sup> <br>| Amazon.com, Inc. | &nbsp;&nbsp; 86148000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 586000<br><sup>1,2</sup> <br>| Birkenstock Holding PLC | &nbsp;&nbsp; 22127360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150200 | D. R. Horton, Inc. | &nbsp;&nbsp; 22355768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185000<br><sup>1</sup> <br>| DoorDash, Inc. | &nbsp;&nbsp; 37854700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>1</sup> <br>| DraftKings, Inc. | &nbsp;&nbsp; 13755000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180000<br><sup>1</sup> <br>| Floor & Decor Holdings, Inc. | &nbsp;&nbsp; 11872800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 7462750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000<br><sup>1</sup> <br>| Mercadolibre, Inc. | &nbsp;&nbsp; 32216850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327400 | Moncler SpA | &nbsp;&nbsp; 19020616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513000<br><sup>1</sup> <br>| On Holding AG | &nbsp;&nbsp; 23213250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000<br><sup>1</sup> <br>| Planet Fitness, Inc. | &nbsp;&nbsp; 18208000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118200<br><sup>1</sup> <br>| SharkNinja, Inc. | &nbsp;&nbsp; 13971240 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>1,2</sup> <br>| Sportradar Group AG | &nbsp;&nbsp; 18110000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99300 | Texas Roadhouse, Inc. | &nbsp;&nbsp; 17860098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264200 | TJX Cos., Inc. | &nbsp;&nbsp; 39579802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 886300<br><sup>1</sup> <br>| Viking Holdings Ltd. | &nbsp;&nbsp; 63946545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187200 | Wingstop, Inc. | &nbsp;&nbsp; 49688496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77200 | Yum! Brands, Inc. | &nbsp;&nbsp; 12004600 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 509395875 |
|  | **Consumer Staples—3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39000 | Casey's General Stores, Inc. | &nbsp;&nbsp; 23653500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53200 | Costco Wholesale Corp. | &nbsp;&nbsp; 50021300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000<br><sup>1</sup> <br>| Maplebear, Inc. | &nbsp;&nbsp; 7432000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Philip Morris International, Inc. | &nbsp;&nbsp; 71776000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 152882800 |
|  | **Financials—6.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | Apollo Global Management, Inc. | &nbsp;&nbsp; 48434400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | BlackRock, Inc. | &nbsp;&nbsp; 44757600 |
| &nbsp;&nbsp;&nbsp; 2800000<br><sup>1</sup> <br>| Blue Owl Capital, Inc. | &nbsp;&nbsp; 38192000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000<br><sup>1</sup> <br>| Chime Financial, Inc. | &nbsp;&nbsp; 19065000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | Hamilton Lane, Inc. | &nbsp;&nbsp; 60733200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56800 | JPMorgan Chase & Co. | &nbsp;&nbsp; 17374552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | MSCI, Inc., Class A | &nbsp;&nbsp; 24368800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | S&P Global, Inc. | &nbsp;&nbsp; 52779000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>1</sup> <br>| Toast, Inc. | &nbsp;&nbsp; 15555000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 321259552 |
|  | **Health Care—23.7%** |  |
| &nbsp;&nbsp;&nbsp; 2000000<br><sup>1,3</sup> <br>| Albireo Pharma CVR, Rights | &nbsp;&nbsp; 4300000 |
| &nbsp;&nbsp;&nbsp; 2072500<br><sup>1,2</sup> <br>| Arcturus Therapeutics Holdings, Inc. | &nbsp;&nbsp; 15481575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179900<br><sup>1</sup> <br>| Argenx SE | &nbsp;&nbsp; 151165136 |
| &nbsp;&nbsp;&nbsp; 5480011<br><sup>1,2,3</sup> <br>| AstraZeneca PLC, Rights | &nbsp;&nbsp; 3014006 |
| &nbsp;&nbsp;&nbsp; 5585000<br><sup>1,2</sup> <br>| aTyr Pharma, Inc. | &nbsp;&nbsp; 4930438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739000<br><sup>1</sup> <br>| Boston Scientific Corp. | &nbsp;&nbsp; 69118670 |
| &nbsp;&nbsp;&nbsp; 1236100<br><sup>1</sup> <br>| Centessa Pharmaceuticals Ltd., ADR | &nbsp;&nbsp; 30370977 |
| &nbsp;&nbsp;&nbsp; 1942492<br><sup>1,3</sup> <br>| Contra Akouos, Inc., Rights | &nbsp;&nbsp; 1021751 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Health Care—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000<br><sup>1</sup> <br>| Cytokinetics, Inc. | &nbsp;&nbsp; $25276000 |
| &nbsp;&nbsp;&nbsp; 2771487<br><sup>1</sup> <br>| EyePoint Pharmaceuticals, Inc. | &nbsp;&nbsp; 37470504 |
| &nbsp;&nbsp;&nbsp; 1040900<br><sup>1</sup> <br>| Forte Biosciences, Inc. | &nbsp;&nbsp; 30467143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520700<br><sup>1,2</sup> <br>| Genmab A/S, ADR | &nbsp;&nbsp; 16990441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916481<br><sup>1</sup> <br>| Guardant Health, Inc. | &nbsp;&nbsp; 104515493 |
| &nbsp;&nbsp;&nbsp; 2014523<br><sup>1</sup> <br>| IDEAYA Biosciences, Inc. | &nbsp;&nbsp; 64847495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174100<br><sup>1</sup> <br>| Insulet Corp. | &nbsp;&nbsp; 44536521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114200<br><sup>1</sup> <br>| Intuitive Surgical, Inc. | &nbsp;&nbsp; 57581924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434095<br><sup>1</sup> <br>| Kymera Therapeutics, Inc. | &nbsp;&nbsp; 31554366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1<br><sup>1,3,4</sup> <br>| Latin Healthcare Fund LP | &nbsp;&nbsp; 212925 |
| &nbsp;&nbsp;&nbsp; 3128786<br><sup>1</sup> <br>| Minerva Neurosciences, Inc. | &nbsp;&nbsp; 12702871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335000<br><sup>1</sup> <br>| Natera, Inc. | &nbsp;&nbsp; 77431900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140000<br><sup>1</sup> <br>| Newamsterdam Pharma Co. NV | &nbsp;&nbsp; 4356800 |
| &nbsp;&nbsp; 16264400<br><sup>1,3</sup> <br>| Novartis AG, Rights | &nbsp;&nbsp; 18866704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232956<br><sup>1</sup> <br>| Palvella Therapeutics, Inc. | &nbsp;&nbsp; 17865396 |
| &nbsp;&nbsp;&nbsp; 7484000<br><sup>1</sup> <br>| Rezolute, Inc. | &nbsp;&nbsp; 24996560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 586200<br><sup>1</sup> <br>| Rhythm Pharmaceuticals, Inc. | &nbsp;&nbsp; 60097224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405900<br><sup>1</sup> <br>| Scholar Rock Holding Corp. | &nbsp;&nbsp; 17997606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 959018<br><sup>1,3</sup> <br>| Soteira, Inc. | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110700 | Stryker Corp. | &nbsp;&nbsp; 40910292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89545 | UCB S.A. | &nbsp;&nbsp; 27107316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328553<br><sup>1,2</sup> <br>| Upstream Bio, Inc. | &nbsp;&nbsp; 10211427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298800<br><sup>1</sup> <br>| Vaxcyte, Inc. | &nbsp;&nbsp; 16006716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000<br><sup>1</sup> <br>| Veeva Systems, Inc. | &nbsp;&nbsp; 21411600 |
| &nbsp;&nbsp;&nbsp; 2812826<br><sup>1</sup> <br>| Wave Life Sciences Ltd. | &nbsp;&nbsp; 36397968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000<br><sup>1</sup> <br>| Xenon Pharmaceuticals, Inc. | &nbsp;&nbsp; 13943400 |
| &nbsp;&nbsp;&nbsp; 1699867<br><sup>1,2</sup> <br>| Zenas Biopharma, Inc. | &nbsp;&nbsp; 31226557 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp; 1124385702 |
|  | **Industrials—23.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117000 | Applied Industrial Technologies, Inc. | &nbsp;&nbsp; 30467970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80000<br><sup>1</sup> <br>| Axon Enterprise, Inc. | &nbsp;&nbsp; 38686400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632826<br><sup>1,2</sup> <br>| BETA Technologies, Inc. | &nbsp;&nbsp; 13605759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81000 | Comfort Systems USA, Inc. | &nbsp;&nbsp; 92510100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785030<br><sup>1</sup> <br>| EquipmentShare.com, Inc. | &nbsp;&nbsp; 24414433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381500 | GE Aerospace | &nbsp;&nbsp; 117040385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173400 | GE Vernova, Inc. | &nbsp;&nbsp; 125952558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277171 | HEICO Corp. | &nbsp;&nbsp; 91718655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123400 | Howmet Aerospace, Inc. | &nbsp;&nbsp; 25677072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113500<br><sup>1</sup> <br>| Karman Holdings, Inc. | &nbsp;&nbsp; 11781300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147000<br><sup>1</sup> <br>| Kratos Defense & Security Solutions | &nbsp;&nbsp; 15142470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 885800<br><sup>1</sup> <br>| Loar Holdings, Inc. | &nbsp;&nbsp; 60748164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21000 | Parker-Hannifin Corp. | &nbsp;&nbsp; 19652640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379500 | Quanta Services, Inc. | &nbsp;&nbsp; 180122085 |
| &nbsp;&nbsp;&nbsp; 1838500<br><sup>1</sup> <br>| QXO, Inc. | &nbsp;&nbsp; 40777930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34800<br><sup>1</sup> <br>| RBC Bearings, Inc. | &nbsp;&nbsp; 17388516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129000 | Trane Technologies PLC | &nbsp;&nbsp; 54254820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>1</sup> <br>| Uber Technologies, Inc. | &nbsp;&nbsp; 40025000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418290 | UL Solutions, Inc. | &nbsp;&nbsp; 29376507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109000 | Vertiv Holdings Co. | &nbsp;&nbsp; 20293620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315000 | Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp; 72494100 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp; 1122130484 |
|  | **Information Technology—18.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182300<br><sup>1</sup> <br>| Advanced Micro Devices, Inc. | &nbsp;&nbsp; 43155879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000<br><sup>1</sup> <br>| Astera Labs, Inc. | &nbsp;&nbsp; 20333700 |

---

**2**

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---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Information Technology—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000<br><sup>1</sup> <br>| CloudFlare, Inc. | &nbsp;&nbsp; $4433750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136300<br><sup>1</sup> <br>| Commvault Systems, Inc. | &nbsp;&nbsp; 11680910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127500<br><sup>1</sup> <br>| Crowdstrike Holdings, Inc. | &nbsp;&nbsp; 56279138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313600<br><sup>1</sup> <br>| Datadog, Inc. | &nbsp;&nbsp; 40554752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 548200<br><sup>1</sup> <br>| Elastic N.V. | &nbsp;&nbsp; 36142826 |
| &nbsp;&nbsp;&nbsp; 1059322<br><sup>1,3,4</sup> <br>| Expand Networks Ltd. | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000<br><sup>1</sup> <br>| Impinj, Inc. | &nbsp;&nbsp; 690500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46000 | KLA Corp. | &nbsp;&nbsp; 65685240 |
| &nbsp;&nbsp;&nbsp; 1506600<br><sup>1</sup> <br>| Klaviyo, Inc. | &nbsp;&nbsp; 33461586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144700 | Micron Technology, Inc. | &nbsp;&nbsp; 60033136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110800 | Microsoft Corp. | &nbsp;&nbsp; 47676132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138400<br><sup>1</sup> <br>| MongoDB, Inc. | &nbsp;&nbsp; 51392072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4800 | Monolithic Power Systems, Inc. | &nbsp;&nbsp; 5395920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80000 | Motorola Solutions, Inc. | &nbsp;&nbsp; 32203200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | NVIDIA Corp. | &nbsp;&nbsp; 76452000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000<br><sup>1</sup> <br>| Palantir Technologies, Inc. | &nbsp;&nbsp; 5863600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000<br><sup>1</sup> <br>| Q2 Holdings, Inc. | &nbsp;&nbsp; 18375000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715000<br><sup>1</sup> <br>| Rubrik, Inc. | &nbsp;&nbsp; 40004250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3751<br><sup>1,3,4</sup> <br>| Sensable Technologies, Inc. | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000<br><sup>1</sup> <br>| ServiceNow, Inc. | &nbsp;&nbsp; 43878750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 552000<br><sup>1</sup> <br>| Shopify, Inc. | &nbsp;&nbsp; 72438960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213000<br><sup>1</sup> <br>| Snowflake, Inc. | &nbsp;&nbsp; 41045100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223000 | Taiwan Semiconductor Manufacturing Co. Ltd., ADR | &nbsp;&nbsp; 73714880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47500<br><sup>1</sup> <br>| Tyler Technologies, Inc. | &nbsp;&nbsp; 17546500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50000<br><sup>1</sup> <br>| Vertex, Inc. | &nbsp;&nbsp; 927500 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 899365281 |
|  | **Materials—4.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Agnico Eagle Mines Ltd. | &nbsp;&nbsp; 95250000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76300 | Eagle Materials, Inc. | &nbsp;&nbsp; 15550703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70800 | Martin Marietta Materials | &nbsp;&nbsp; 46158060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125150 | Sherwin-Williams Co. | &nbsp;&nbsp; 44383196 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 201341959 |
|  | **Real Estate—2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975395<br><sup>1</sup> <br>| CoStar Group, Inc. | &nbsp;&nbsp; 59986793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Gaming and Leisure Properties, Inc. | &nbsp;&nbsp; 13425000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Ryman Hospitality Properties, Inc. | &nbsp;&nbsp; 18940000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | VICI Properties, Inc. | &nbsp;&nbsp; 25272000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 117623793 |
|  | **Utilities—2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | American Electric Power Co., Inc. | &nbsp;&nbsp; 23955000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Duke Energy Corp. | &nbsp;&nbsp; 24270000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475000 | NextEra Energy, Inc. | &nbsp;&nbsp; 41752500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131000 | Vistra Corp. | &nbsp;&nbsp; 20743850 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 110721350 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $2,603,829,028)<br>| &nbsp;&nbsp; 4636096258 |
|  | PREFERRED STOCKS—0.3% |  |
|  | **Health Care—0.3%** |  |
| &nbsp;&nbsp;&nbsp; 2118042<br><sup>3,4</sup> <br>| CeQur S.A. | &nbsp;&nbsp; 11195558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164133<br><sup>3,4</sup> <br>| Sail Biomedicines, Inc. | &nbsp;&nbsp; 5150740 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16346298 |

---

**3**

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| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | PREFERRED STOCKS—continued |  |
|  | **Information Technology—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 679348<br><sup>1,3,4</sup> <br>| Multiplex, Inc., Pfd., Series C | &nbsp;&nbsp; $0 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL PREFERRED STOCKS <br>(IDENTIFIED COST $20,938,776)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16346298 |
|  | WARRANTS—0.6% |  |
|  | **Health Care—0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5082<br><sup>1,3,4</sup> <br>| Minerva Neurosciences, Inc., Tranche A Warrants 12/31/2099 | &nbsp;&nbsp; 6211383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2541<br><sup>1,3,4</sup> <br>| Minerva Neurosciences, Inc., Tranche B Warrants 12/31/2099 | &nbsp;&nbsp; 3832236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183000<br><sup>1</sup> <br>| Minerva Neurosciences, Inc., Warrants 12/31/2099 | &nbsp;&nbsp; 742980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200970<br><sup>1</sup> <br>| Rezolute, Inc., Warrants 10/8/2027 | &nbsp;&nbsp; 353627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56800<br><sup>1</sup> <br>| Rezolute, Inc., Warrants 1/1/2099 | &nbsp;&nbsp; 189712 |
| &nbsp;&nbsp;&nbsp; 2154000<br><sup>1</sup> <br>| Rezolute, Inc., Warrants 4/30/2099 | &nbsp;&nbsp; 7194360 |
| &nbsp;&nbsp;&nbsp; 1010000<br><sup>1</sup> <br>| Rezolute, Inc., Warrants 6/24/2099 | &nbsp;&nbsp; 3373400 |
| &nbsp;&nbsp;&nbsp; 1690301<br><sup>1</sup> <br>| Rezolute, Inc., Warrants 12/31/2099 | &nbsp;&nbsp; 5645605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167251<br><sup>1</sup> <br>| Scynexis, Inc., Warrants 4/26/2029 | &nbsp;&nbsp; 19719 |
| &nbsp;&nbsp;&nbsp; 1706000<br><sup>1</sup> <br>| Scynexis, Inc., Warrants 1/1/2099 | &nbsp;&nbsp; 1212966 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL WARRANTS <br>(IDENTIFIED COST $30,316,386)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28775988 |
|  | INVESTMENT COMPANY—2.4% |  |
| 116145375 | Federated Hermes Government Obligations Fund, Premier Shares, 3.59%<sup>5</sup> <br>(IDENTIFIED COST $116,145,375)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 116145375 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—100.9% <br>(IDENTIFIED COST $2,771,229,565)<br>| &nbsp;&nbsp; 4797363919 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(0.9)%<sup>6</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (44903708) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $4752460211 |

---

An affiliated company is a company in which the Fund, alone or in combination with other Federated Hermes funds, has ownership of at least 5% of the voting shares. Transactions with the affiliated companies during the period ended January 31, 2026, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated** | **Value as of** <br>**10/31/2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Net** <br>**Realized Gain/** <br>**(Loss)**<br>| **Value as of** <br>**1/31/2026**<br>| **Shares** <br>**Held as of** <br>**1/31/2026**<br>| **Dividend** <br>**Income**<br>|
| **Health Care:** |  |  |  |  |  |  |  |  |
| Arcturus Therapeutics Holdings, Inc. | $24285724 | $— | $(2548309) | $11010359 | $(17266199) | $15481575 | &nbsp;&nbsp; 2072500 | $— |
| aTyr Pharma, Inc. | $4836610 | $— | $— | $93828 | $— | $4930438 | &nbsp;&nbsp; 5585000 | $— |
| EyePoint Pharmaceuticals, Inc. | $36278765 | $— | $— | $1191739 | $— | $37470504 | &nbsp;&nbsp; 2771487 | $— |
| Forte Biosciences, Inc. | $13469246 | $— | $— | $16997897 | $— | $30467143 | &nbsp;&nbsp; 1040900 | $— |
| Minerva Neurosciences, Inc. | $10616926 | $— | $— | $2085945 | $— | $12702871 | &nbsp;&nbsp; 3128786 | $— |
| Minerva Neurosciences, Inc., Tranche A War-<br> rants 12/31/2099<br>| $4995127 | $— | $— | $1216256 | $— | $6211383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5082 | $— |
| Minerva Neurosciences, Inc., Tranche B War-<br> rants 12/31/2099<br>| $2999024 | $— | $— | $833212 | $— | $3832236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2541 | $— |
| Minerva Neurosciences, Inc., Warrants <br> 12/31/2099<br>| $768600 | $— | $— | $(25620) | $— | $742980 | &nbsp;&nbsp;&nbsp;&nbsp; 183000 | $— |
| Rezolute, Inc. | $55724280 | $3756095 | $— | $(34483815) | $— | $24996560 | &nbsp;&nbsp; 7484000 | $— |
| Rezolute, Inc., Warrants 10/8/2027 | $423183 | $— | $— | $(69556) | $— | $353627 | &nbsp;&nbsp;&nbsp;&nbsp; 200970 | $— |
| Rezolute, Inc., Warrants 1/1/2099 | $529376 | $— | $— | $(339664) | $— | $189712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56800 | $— |
| Rezolute, Inc., Warrants 4/30/2099 | $20075280 | $— | $— | $(12880920) | $— | $7194360 | &nbsp;&nbsp; 2154000 | $— |
| Rezolute, Inc., Warrants 6/24/2099 | $9413200 | $— | $— | $(6039800) | $— | $3373400 | &nbsp;&nbsp; 1010000 | $— |
| Rezolute, Inc., Warrants 12/31/2099 | $15753605 | $— | $— | $(10108000) | $— | $5645605 | &nbsp;&nbsp; 1690301 | $— |
| Scynexis, Inc., Warrants 4/26/2029 | $23917 | $— | $— | $(4198) | $— | $19719 | &nbsp;&nbsp;&nbsp;&nbsp; 167251 | $— |
| Scynexis, Inc., Warrants 1/1/2099 | $1125960 | $— | $— | $87006 | $— | $1212966 | &nbsp;&nbsp; 1706000 | $— |
| Soteira, Inc. | $— | $— | $— | $— | $— | $— | &nbsp;&nbsp;&nbsp;&nbsp; 959018 | $— |
| Affiliated issuers no longer in the portfolio at <br> period end<br>| $47549 | $— | $(41132) | $168583 | $(175000) | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OF AFFILIATED COMPANIES <br>TRANSACTIONS<br>| $201366372 | $3756095 | $(2589441) | $(30266748) | $(17441199) | $154825079 | 30217636 | $— |

---

**4**

------

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended January 31, 2026, were as follows:

---

| | |
|:---|:---|
|  | **Federated** <br>**Hermes** <br>**Government** <br>**Obligations** <br>**Fund,** <br>**Premier** <br>**Shares\***<br>|
| Value as of 10/31/2025 | &nbsp;&nbsp; $142266917 |
| Purchases at Cost | &nbsp;&nbsp; $375507397 |
| Proceeds from Sales | &nbsp;&nbsp; $(401628939) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 1/31/2026 | &nbsp;&nbsp; $116145375 |
| Shares Held as of 1/31/2026 | &nbsp;&nbsp; 116145375 |
| Dividend Income | &nbsp;&nbsp; $1216095 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* *All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 1 | *Non-income-producing security.* |
| 2 | *All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of January 31, 2026, securities subject to this type of arrangement* <br> *and related collateral were as follows:*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Fair Value of** <br>**Securities Loaned**<br>| **Collateral** <br>**Received**<br>|
| $48664920 | &nbsp;&nbsp; $50799018 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 3 | *Market quotations and price evaluations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established* <br> *by and under the general supervision of the Fund's Adviser acting through its Valuation Committee.*<br>|
| 4 | *Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under* <br> *the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At January 31, 2026, these restricted securities amounted to $26,602,842,* <br> *which represented 0.6% of total net assets.*<br>|

---

Additional information on restricted securities held at January 31, 2026, is as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| CeQur S.A. | &nbsp;&nbsp; 3/26/2021 | &nbsp;&nbsp; $11343051 | &nbsp;&nbsp; $11195558 |
| Expand Networks Ltd. | &nbsp;&nbsp; 9/22/2000 | &nbsp;&nbsp; $2500000 | &nbsp;&nbsp; $0 |
| Latin Healthcare Fund LP | &nbsp;&nbsp; 11/28/2000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $212925 |
| Minerva Neurosciences, Inc., Tranche A Warrants 12/31/2099 | &nbsp;&nbsp; 10/21/2025 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $6211383 |
| Minerva Neurosciences, Inc., Tranche B Warrants 12/31/2099 | &nbsp;&nbsp; 10/21/2025 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $3832236 |
| Multiplex, Inc., Pfd., Series C | &nbsp;&nbsp; 2/22/2001 | &nbsp;&nbsp; $5000001 | &nbsp;&nbsp; $0 |
| Sail Biomedicines, Inc. | &nbsp;&nbsp; 7/28/2021 | &nbsp;&nbsp; $4595724 | &nbsp;&nbsp; $5150740 |
| Sensable Technologies, Inc. | &nbsp;&nbsp; 10/15/2004 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

5 *7-day net yield.* <br> 6 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of net assets at January 31, 2026.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Global Investment Management Corp. (the "Adviser").

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the

**5**

------

issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

**6**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of January 31, 2026, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Equity Securities:** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp; Domestic | &nbsp;&nbsp; $3986489113 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $24401380 | &nbsp;&nbsp; $4010890493 |
| &nbsp;&nbsp; International | &nbsp;&nbsp;&nbsp;&nbsp; 424898691 | &nbsp;&nbsp; 197293068 | &nbsp;&nbsp;&nbsp; 3014006 | &nbsp;&nbsp;&nbsp;&nbsp; 625205765 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp; Domestic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5150740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5150740 |
| &nbsp;&nbsp; International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 11195558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11195558 |
| **Debt Securities:** |  |  |  |  |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17146057 | &nbsp;&nbsp;&nbsp;&nbsp; 1586312 | &nbsp;&nbsp; 10043619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28775988 |
| **Investment Company** | &nbsp;&nbsp;&nbsp;&nbsp; 116145375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 116145375 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $4544679236 | &nbsp;&nbsp; $198879380 | &nbsp;&nbsp; $53805303 | &nbsp;&nbsp; $4797363919 |

---

Following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

---

| | |
|:---|:---|
|  | **Investments in** <br>**Securities**<br>|
| Balance as of 10/31/2025 | &nbsp;&nbsp; $58416107 |
| Change in unrealized appreciation/depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471196 |
| (Sales) | &nbsp;&nbsp; (5082000) |
| Balance as of 1/31/2026 | &nbsp;&nbsp; $53805303 |
| Total change in unrealized appreciation/depreciation attributable to <br>investments still held at 1/31/2026<br>| &nbsp;&nbsp; $2980270 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following acronym(s) are used throughout this portfolio: <br> ADR —American Depositary Receipt <br> CVR —Contingent Value Right

**7**

------

## 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 Fund

- **b. EDGAR series identifier (if any):** S000009729

- **c. LEI of Series:** Y12J4W1OKXBDT55MIP60

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $4815519267.58

**Total Liabilities:** $60400472.77

**Net Assets:** $4755118794.81

**Cash Not Reported:** $1096250.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026729 | -0.32%               | -1.96%               | -1.44%               |
| Class ID C000026731 | -0.24%               | -2.21%               | -1.41%               |
| Class ID C000026732 | -0.32%               | -1.95%               | -1.61%               |
| Class ID C000176447 | -0.15%               | -1.98%               | -1.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $55852671.67             | $-66863236.24                              |
| Month 2  | $16152777.27             | $-80091715.03                              |
| Month 3  | $160490849.29            | $-229793335.62                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agnico Eagle Mines Ltd                       | Agnico Eagle Mines Ltd                            | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |    500000 | NS      | $95250000.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc          | Applied Industrial Technologies Inc               | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |    117000 | NS      | $30467970.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                  | Datadog Inc                                       | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    313600 | NS      | $40554752.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                               | DraftKings Inc                                    | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    500000 | NS      | $13755000.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                   | HEICO Corp                                        | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    277171 | NS      | $91718655.61  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| LATIN HEALTHCARE FD                          | LATIN HEALTHCARE FD PRIVATE PLACE SEALED ENVELOPE | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $212925.00    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Microsoft Corp                               | Microsoft Corp                                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    110800 | NS      | $47676132.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp                    | Scholar Rock Holding Corp                         | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |    405900 | NS      | $17997606.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| aTyr Pharma Inc                              | aTyr Pharma Inc                                   | CUSIP: 002120202<br>LEI: 529900ENQUXMC5EBKO36 | Long             | EC               | CORP              | US        |   5585000 | NS      | $4930438.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Apollo Global Management Inc                 | Apollo Global Management Inc                      | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    360000 | NS      | $48434400.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA AKOUOS INC                            | CONTRA AKOUOS INC                                 | CUSIP: 009CVR036<br>LEI: N/A                  | N/A              | DE               |  | US        |   1942492 | NS      | $1021750.79   | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Beta Technologies Inc                        | Beta Technologies Inc                             | CUSIP: 086921103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    632826 | NS      | $13605759.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Comfort Systems USA Inc                      | Comfort Systems USA Inc                           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     81000 | NS      | $92510100.00  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                             | CoStar Group Inc                                  | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    975395 | NS      | $59986792.50  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                               | ServiceNow Inc                                    | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |    375000 | NS      | $43878750.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                                   | Vertex Inc                                        | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     50000 | NS      | $927500.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZENAS BIOPHARMA INC                          | ZENAS BIOPHARMA INC                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    178507 | NS      | $3279173.59   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERVA NEUROSCIENCE PIPE00338               | MINERVA NEUROSCIENCE PIPE00338                    | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | N/A              | DE               |  | US        |      2541 | NS      | $3832235.83   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Shopify Inc                                  | Shopify Inc                                       | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    552000 | NS      | $72438960.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd    | Taiwan Semiconductor Manufacturing Co Ltd         | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    223000 | NS      | $73714880.00  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcturus Therapeutics Holdings Inc           | Arcturus Therapeutics Holdings Inc                | CUSIP: 03969T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2072500 | NS      | $15481575.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Astera Labs Inc                              | Astera Labs Inc                                   | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135000 | NS      | $20333700.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                               | Amazon.com Inc                                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    360000 | NS      | $86148000.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                               | Cloudflare Inc                                    | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     25000 | NS      | $4433750.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                       | Boston Scientific Corp                            | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    739000 | NS      | $69118670.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                        | Costco Wholesale Corp                             | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     53200 | NS      | $50021300.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                          | Texas Roadhouse Inc                               | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     99300 | NS      | $17860098.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                          | VICI Properties Inc                               | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |    900000 | NS      | $25272000.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                | DR HORTON INC                                     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |    150200 | NS      | $22355768.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                 | DoorDash Inc                                      | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |    185000 | NS      | $37854700.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                          | General Electric Co                               | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    381500 | NS      | $117040385.00 | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                            | Hamilton Lane Inc                                 | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |    430000 | NS      | $60733200.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                | Hilton Worldwide Holdings Inc                     | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     25000 | NS      | $7462750.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                              | TJX Cos Inc/The                                   | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    264200 | NS      | $39579802.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                    | Xenon Pharmaceuticals Inc                         | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |    340000 | NS      | $13943400.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE INC WARRANT                         | REZOLUTE INC   WARRANT STRIKE PRICE 0.39          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |    200970 | NS      | $353626.81    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Corp                                  | Vistra Corp                                       | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    131000 | NS      | $20743850.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERVA NEUROSCIENCES INC PIPE               | MINERVA NEUROSCIENCES INC PIPE                    | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |     75000 | NS      | $304500.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EyePoint Inc                                 | EyePoint Pharmaceuticals Inc                      | CUSIP: 30233G209<br>LEI: 549300QE1RU34T50MR69 | Long             | EC               | CORP              | US        |   2771487 | NS      | $37470504.24  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc                                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     34128 | NS      | $24452712.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                   | Floor & Decor Holdings Inc                        | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |    180000 | NS      | $11872800.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc            | Gaming and Leisure Properties Inc                 | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |    300000 | NS      | $13425000.00  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                          | Guardant Health Inc                               | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |    916481 | NS      | $104515493.24 | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ideaya Biosciences Inc                       | Ideaya Biosciences Inc                            | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               | CORP              | US        |   2014523 | NS      | $64847495.37  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                          | JPMorgan Chase & Co                               | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     56800 | NS      | $17374552.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                          | Karman Holdings Inc                               | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113500 | NS      | $11781300.00  | 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        |    147000 | NS      | $15142470.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                            | Loar Holdings Inc                                 | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    885800 | NS      | $60748164.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                | Maplebear Inc                                     | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $7432000.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                             | MercadoLibre Inc                                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     15000 | NS      | $32216850.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                           | NextEra Energy Inc                                | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    475000 | NS      | $41752500.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                    | Palantir Technologies Inc                         | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     40000 | NS      | $5863600.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERVA NEUROSCIENCES INC                    | MINERVA NEUROSCIENCES INC                         | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |    183000 | NS      | $742980.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zenas Biopharma Inc                          | Zenas Biopharma Inc                               | CUSIP: 98937L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1207300 | NS      | $22178101.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Parker-Hannifin Corp                         | Parker-Hannifin Corp                              | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     21000 | NS      | $19652640.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                           | Planet Fitness Inc                                | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    200000 | NS      | $18208000.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc             | Ryman Hospitality Properties Inc                  | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |    200000 | NS      | $18940000.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                               | S&P Global Inc                                    | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    100000 | NS      | $52779000.00  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensable Technologies Inc                    | SENSABLE TECHNOLOGIES INC RESTRICTED SHARES       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3751 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sherwin-Williams Co/The                      | Sherwin-Williams Co/The                           | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    125150 | NS      | $44383196.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SOTEIRA INC                                  | SOTEIRA INC COM                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    959018 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SAIL BIOMEDICINES,INC.                       | SAIL BIOMEDICINES,INC.                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    164133 | NS      | $5150739.74   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ZENAS BIOPHARMA, INC                         | ZENAS BIOPHARMA, INC                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    314060 | NS      | $5769282.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE, INC                                | REZOLUTE, INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     56800 | NS      | $189712.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                        | Uber Technologies Inc                             | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    500000 | NS      | $40025000.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc                             | UL Solutions Inc                                  | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |    418290 | NS      | $29376506.70  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                                  | Vaxcyte Inc                                       | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |    275000 | NS      | $14731750.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                           | Vertiv Holdings Co                                | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    109000 | NS      | $20293620.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERVA NEUROSCIENCE PIPE00320               | MINERVA NEUROSCIENCE PIPE00320                    | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | N/A              | DE               |  | US        |      5082 | NS      | $6211383.02   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Trane Technologies PLC                       | Trane Technologies PLC                            | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |    129000 | NS      | $54254820.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp     | Wabtec Corp/DE                                    | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |    315000 | NS      | $72494100.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL                             | BLUE OWL CAPITAL PIPE DEAL                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2800000 | NS      | $38192000.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                        | CyberArk Software Ltd                             | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     29231 | NS      | $12593591.73  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                        | Spotify Technology SA                             | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |    105000 | NS      | $52536750.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Newamsterdam Pharma Co NV                    | Newamsterdam Pharma Co NV                         | CUSIP: 000000000<br>LEI: 984500B6549TF6E14D36 | Long             | EC               | CORP              | NL        |    140000 | NS      | $4356800.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                     | Crowdstrike Holdings Inc                          | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |    127500 | NS      | $56279137.50  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                             | Duke Energy Corp                                  | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    200000 | NS      | $24270000.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                          | Eagle Materials Inc                               | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     76300 | NS      | $15550703.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                             | RBC Bearings Inc                                  | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34800 | NS      | $17388516.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                                   | Rubrik Inc                                        | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |    715000 | NS      | $40004250.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                                      | QXO Inc                                           | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138500 | NS      | $3071930.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                    | Toast Inc                                         | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    500000 | NS      | $15555000.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SCYNEXIS INC WARRANTS                        | SCYNEXIS INC WARRANTS                             | CUSIP: 000000000<br>LEI: 529900XBHFGMNTU70154 | N/A              | DE               |  | US        |    167251 | NS      | $19718.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MINERVA NEUROSCIENCES, INC                   | MINERVA NEUROSCIENCES, INC                        | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |   2403786 | NS      | $9759371.16   | 0.21%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SCYNEXIS INC WARRANT                         | SCYNEXIS INC WARRANT EXP 01/01/2099               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |   1706000 | NS      | $1212966.00   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Viking Holdings Ltd                          | Viking Holdings Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    886300 | NS      | $63946545.00  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                        | CommVault Systems Inc                             | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |    136300 | NS      | $11680910.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Networks Ltd                          | EXPAND NETWORKS LTD                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1059322 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Forte Biosciences Inc                        | Forte Biosciences Inc                             | CUSIP: 34962G208<br>LEI: 529900Z84WFDHPS3JP76 | Long             | EC               | CORP              | US        |   1040900 | NS      | $30467143.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA FUSION PHARMACE                       | CONTRA FUSION PHARMACE                            | CUSIP: 361CVR012<br>LEI: N/A                  | N/A              | DE               |  | CA        |   5480011 | NS      | $3014006.05   | 0.06%             |  |  |  | No            |                  3 | On Loan: —       |
| GE Vernova Inc                               | GE Vernova Inc                                    | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |    173400 | NS      | $125952558.00 | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                                   | Impinj Inc                                        | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      5000 | NS      | $690500.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                   | Natera Inc                                        | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    335000 | NS      | $77431900.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Palvella Therapeutics Inc                    | Palvella Therapeutics Inc                         | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               | CORP              | US        |    232956 | NS      | $17865395.64  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                          | Quanta Services Inc                               | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    379500 | NS      | $180122085.00 | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                   | Rhythm Pharmaceuticals Inc                        | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |    586200 | NS      | $60097224.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                | Snowflake Inc                                     | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |    213000 | NS      | $41045100.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                          | Sportradar Holding AG                             | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |   1000000 | NS      | $18110000.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Moncler SpA                                  | Moncler SpA                                       | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |    327400 | NS      | $19020616.13  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Birkenstock Holding Plc                      | Birkenstock Holding Plc                           | CUSIP: 000000000<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |    586000 | NS      | $22127360.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| SharkNinja Inc                               | SharkNinja Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    118200 | NS      | $13971240.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                       | Tyler Technologies Inc                            | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     47500 | NS      | $17546500.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstream Bio Inc                             | Upstream Bio Inc                                  | CUSIP: 91678A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    326850 | NS      | $10158498.00  | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Elastic NV                                   | Elastic NV                                        | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |    548200 | NS      | $36142826.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| WaVe Life Sciences Ltd                       | WaVe Life Sciences Ltd                            | CUSIP: 000000000<br>LEI: 54930070006GPKFYZ813 | Long             | EC               | CORP              | SG        |   2812826 | NS      | $36397968.44  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | Veeva Systems Inc                                 | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    105000 | NS      | $21411600.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CEQUR SA                                     | FED HERMES KAUFMANN SM CAP CEQUR SA               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |   2118042 | NS      | $11195558.22  | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| QXO                                          | QXO                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1700000 | NS      | $37706000.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE INC                                 | REZOLUTE INC                                      | CUSIP: 000000000<br>LEI: 549300T05L48T72P2G08 | N/A              | DE               |  | US        |   1690301 | NS      | $5645605.34   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                | On Holding AG                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |    513000 | NS      | $23213250.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                                | Blackrock Inc                                     | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |     40000 | NS      | $44757600.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                   | Casey's General Stores Inc                        | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     39000 | NS      | $23653500.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Centessa Pharmaceuticals PLC                 | Centessa Pharmaceuticals PLC                      | CUSIP: 152309100<br>LEI: 213800GIDAARDSKOI827 | Long             | EC               | CORP              | GB        |   1236100 | NS      | $30370977.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                             | Cytokinetics Inc                                  | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |    400000 | NS      | $25276000.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EquipmentShare.com Inc                       | EquipmentShare.com Inc                            | CUSIP: 29445S100<br>LEI: 254900PWJK48CGPKPI80 | Long             | EC               | CORP              | US        |    785030 | NS      | $24414433.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                                   | Genmab A/S                                        | CUSIP: 372303206<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |    520700 | NS      | $16990441.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Klaviyo Inc                                  | Klaviyo Inc                                       | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1506600 | NS      | $33461586.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                     | MSCI Inc                                          | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     40000 | NS      | $24368800.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                | Martin Marietta Materials Inc                     | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     70800 | NS      | $46158060.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                        | Micron Technology Inc                             | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    144700 | NS      | $60033136.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerva Neurosciences Inc                    | Minerva Neurosciences Inc                         | CUSIP: 603380205<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |    650000 | NS      | $2639000.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MULTIPLEX INC SERIES C CV PRE                | MULTIPLEX INC SERIES C CV PRE PRIVATE PLACEMENT   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    679348 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NVIDIA Corp                                  | NVIDIA Corp                                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    400000 | NS      | $76452000.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE, INC                                | REZOLUTE, INC                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |   1010000 | NS      | $3373400.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                 | Wingstop Inc                                      | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |    187200 | NS      | $49688496.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                              | Yum! Brands Inc                                   | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     77200 | NS      | $12004600.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE                                     | REZOLUTE                                          | CUSIP: 000000000<br>LEI: 549300T05L48T72P2G08 | N/A              | DE               |  | US        |   2154000 | NS      | $7194360.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                       | UCB SA                                            | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |     89545 | NS      | $27107316.32  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                    | Argenx SE                                         | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |    179900 | NS      | $151165135.56 | 3.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                          | Axon Enterprise Inc                               | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     80000 | NS      | $38686400.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                     | KLA Corp                                          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     46000 | NS      | $65685240.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                 | Stryker Corp                                      | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    110700 | NS      | $40910292.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                   | Advanced Micro Devices Inc                        | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    182300 | NS      | $43155879.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA ALBIREO PHARMA                        | CONTRA ALBIREO PHARMA                             | CUSIP: 013CVR022<br>LEI: 549300835H8LC7O8VC29 | N/A              | DE               |  | US        |   2000000 | NS      | $4300000.00   | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| American Electric Power Co Inc               | American Electric Power Co Inc                    | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    200000 | NS      | $23955000.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Chime Financial Inc                          | Chime Financial Inc                               | CUSIP: 16935C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    750000 | NS      | $19065000.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                         | Howmet Aerospace Inc                              | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    123400 | NS      | $25677072.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                 | Insulet Corp                                      | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |    174100 | NS      | $44536521.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                       | Intuitive Surgical Inc                            | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    114200 | NS      | $57581924.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc                      | Kymera Therapeutics Inc                           | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    434095 | NS      | $31554365.55  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund      | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |  65346357 | NS      | $65346356.85  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                  | MongoDB Inc                                       | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |    138400 | NS      | $51392072.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                 | Monolithic Power Systems Inc                      | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      4800 | NS      | $5395920.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                       | Motorola Solutions Inc                            | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     80000 | NS      | $32203200.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc              | Philip Morris International Inc                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    400000 | NS      | $71776000.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                              | Q2 Holdings Inc                                   | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    300000 | NS      | $18375000.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA REGULUS THERAPE                       | CONTRA REGULUS THERAPE                            | CUSIP: 759CVR012<br>LEI: N/A                  | N/A              | DE               |  | US        |  16264400 | NS      | $18866704.00  | 0.40%             |  |  |  | No            |                  3 | On Loan: No      |
| Rezolute Inc                                 | Rezolute Inc                                      | CUSIP: 76200L309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   7484000 | NS      | $24996560.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-23

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer