# EDGAR Filing Document

**Accession Number:** 0000745968
**File Stem:** 0001145549-25-040602
**Filing Date:** 2025-6
**Character Count:** 52046
**Document Hash:** 1743b4cd9951fd70e3f7d2c3ab88787f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-040602.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001145549-25-040602

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**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:** 251066891

**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:** 2025-04-30

**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:** $3185227388.70

**Total Liabilities:** $70265253.54

**Net Assets:** $3114962135.16

**Cash Not Reported:** $1073801.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026733 | -6.63%               | -9.44%               | 6.60%                |
| Class ID C000026735 | -6.70%               | -9.46%               | 6.53%                |
| Class ID C000026736 | -6.65%               | -9.42%               | 6.60%                |
| Class ID C000164583 | -6.60%               | -9.38%               | 6.63%                |
| Class ID C000195257 | -6.62%               | -9.38%               | 6.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $47135298.02             | $-290305151.83                             |
| Month 2  | $18960982.36             | $-337042167.75                             |
| Month 3  | $4549019.69              | $183179535.20                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CONTRA FUSION PHARMACE                       | CONTRA FUSION PHARMACE                       | CUSIP: 361CVR012<br>LEI: N/A                  | N/A              | DE               |  | CA        |   5074231 | NS      | $2790827.05   | 0.09%             |  |  |  | No            |                  3 | On Loan: —       |
| Lamar Advertising Co                         | Lamar Advertising Co                         | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |    215000 | NS      | $24469150.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SCYNEXIS Inc                                 | SCYNEXIS Inc                                 | CUSIP: 811292200<br>LEI: 529900XBHFGMNTU70154 | Long             | EC               | CORP              | US        |   2430101 | NS      | $2400696.78   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERVA NEUROSCIENCES INC PIPE               | MINERVA NEUROSCIENCES INC PIPE               | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |     70950 | NS      | $118486.50    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE, INC                                | REZOLUTE, INC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |    839900 | NS      | $3158024.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                            | YETI Holdings Inc                            | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    476700 | NS      | $13609785.00  | 0.44%             |  |  |  | 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        |    193334 | NS      | $118881.08    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Camtek Ltd/Israel                            | Camtek Ltd/Israel                            | CUSIP: 000000000<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |    610000 | NS      | $39857400.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Argenx SE                                    | Argenx SE                                    | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |    267940 | NS      | $173027375.12 | 5.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries NV               | BE Semiconductor Industries NV               | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |    186800 | NS      | $20267464.06  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Immatics NV                                  | Immatics NV                                  | CUSIP: 000000000<br>LEI: 984500DC691EZ96AF394 | N/A              | DE               |  | NL        |    200000 | NS      | $4090.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| aTyr Pharma Inc                              | aTyr Pharma Inc                              | CUSIP: 002120202<br>LEI: 529900ENQUXMC5EBKO36 | Long             | EC               | CORP              | US        |   6620000 | NS      | $22971400.00  | 0.74%             |  |  |  | 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: —       |
| ATI Inc                                      | ATI Inc                                      | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    451800 | NS      | $24568884.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc                | Amphastar Pharmaceuticals Inc                | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |    209107 | NS      | $5104301.87   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                                 | Archrock Inc                                 | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    630000 | NS      | $14823900.00  | 0.48%             |  |  |  | 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      | $28156636.20  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Water Solutions Inc                     | Aris Water Solution Inc                      | CUSIP: 04041L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    769900 | NS      | $19216704.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem               | Artisan Partners Asset Management Inc        | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    359800 | NS      | $13305404.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK Co Inc/The                              | AZEK Co Inc/The                              | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |    340000 | NS      | $16850400.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceribell Inc                                 | Ceribell Inc                                 | CUSIP: 15678C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    786751 | NS      | $12658823.59  | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| CoStar Group Inc                             | CoStar Group Inc                             | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270000 | NS      | $20025900.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Olo Inc                                      | Olo Inc                                      | CUSIP: 68134L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1000000 | NS      | $6200000.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERVA NEUROSCIENCES INC                    | MINERVA NEUROSCIENCES INC                    | CUSIP: 000000000<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |    162100 | NS      | $270707.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE, INC                                | REZOLUTE, INC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     64800 | NS      | $243648.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                            | FTAI Aviation Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    171200 | NS      | $18337232.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                   | Elastic NV                                   | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |    380500 | NS      | $32799100.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                              | Astera Labs Inc                              | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145000 | NS      | $9469950.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                          | Axon Enterprise Inc                          | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     61100 | NS      | $37472630.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                               | Cava Group Inc                               | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    437500 | NS      | $40438125.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International In               | Choice Hotels International Inc              | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     80000 | NS      | $10088800.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| CONTRA CLEMENTIA PHARM F                     | CONTRA CLEMENTIA PHARM F COMMON STOCK        | CUSIP: 185CVR016<br>LEI: N/A                  | N/A              | DE               |  | CA        |    190200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Confluent Inc                                | Confluent Inc                                | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |   1218100 | NS      | $29002961.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                               | DraftKings Inc                               | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    822000 | NS      | $27364380.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                 | Duolingo Inc                                 | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $38948000.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                               | Dutch Bros Inc                               | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    550500 | NS      | $32886870.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                          | Eagle Materials Inc                          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |    154900 | NS      | $35067811.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                 | Entegris Inc                                 | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |    145000 | NS      | $11472400.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc               | First Financial Bankshares Inc               | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    158300 | NS      | $5304633.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowco Holdings Inc                          | Flowco Holdings Inc                          | CUSIP: 342909108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    480266 | NS      | $9278739.12   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                          | Guardant Health Inc                          | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |    355300 | NS      | $16780819.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                            | Hamilton Lane Inc                            | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |    500000 | NS      | $77245000.00  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                    | Healthpeak Properties Inc                    | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    600000 | NS      | $10704000.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                   | HEICO Corp                                   | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    169500 | NS      | $42503820.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                  | HubSpot Inc                                  | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     33200 | NS      | $20301800.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ideaya Biosciences Inc                       | Ideaya Biosciences Inc                       | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               | CORP              | US        |   1850000 | NS      | $37240500.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                  | Inspire Medical Systems Inc                  | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |    103800 | NS      | $16439844.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                 | Insulet Corp                                 | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |    155200 | NS      | $39155408.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Legend Biotech Corp                          | Legend Biotech Corp                          | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Long             | EC               | CORP              | KY        |    640000 | NS      | $22368000.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                            | Loar Holdings Inc                            | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    499720 | NS      | $47263517.60  | 1.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Madrigal Pharmaceuticals Inc                 | Madrigal Pharmaceuticals Inc                 | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |     24400 | NS      | $8147404.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                | Maplebear Inc                                | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    465000 | NS      | $18548850.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                         | Matador Resources Co                         | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    245000 | NS      | $9687300.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerva Neurosciences Inc                    | Minerva Neurosciences Inc                    | CUSIP: 603380205<br>LEI: 54930017PANCHC5LYH79 | Long             | EC               | CORP              | US        |    534050 | NS      | $891863.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |  79952490 | NS      | $79952490.07  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MoonLake Immunotherapeutics                  | MoonLake Immunotherapeutics                  | CUSIP: 61559X104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    503000 | NS      | $21166240.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                       | Motorola Solutions Inc                       | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     24000 | NS      | $10569360.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                               | NEXTracker Inc                               | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    327800 | NS      | $13311958.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Onestream Inc                                | Onestream Inc                                | CUSIP: 68278B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    850000 | NS      | $18190000.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp                   | Pinnacle West Capital Corp                   | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |    154700 | NS      | $14724346.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                           | Planet Fitness Inc                           | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    380000 | NS      | $35944200.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                        | Powell Industries Inc                        | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     59900 | NS      | $10968289.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp                     | PROCEPT BioRobotics Corp                     | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    239000 | NS      | $12901220.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                              | Q2 Holdings Inc                              | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    335000 | NS      | $26548750.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Reservoir Media Inc                          | Reservoir Media Inc                          | CUSIP: 76119X105<br>LEI: 549300PHPDQ9M9QSNU18 | Long             | EC               | CORP              | US        |    494611 | NS      | $3709582.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rezolute Inc                                 | Rezolute Inc                                 | CUSIP: 76200L309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4345860 | NS      | $16340433.60  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                   | Rhythm Pharmaceuticals Inc                   | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |    770000 | NS      | $50196300.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                                   | Rubrik Inc                                   | CUSIP: 781154109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    900000 | NS      | $63477000.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc             | Ryman Hospitality Properties Inc             | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |    445000 | NS      | $39137750.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                             | SPS Commerce Inc                             | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |    100000 | NS      | $14351000.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                     | Sarepta Therapeutics Inc                     | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |    143400 | NS      | $8948160.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                              | SentinelOne Inc                              | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |   1718000 | NS      | $31783000.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                  | Shopify Inc                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    343000 | NS      | $32585000.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SoundThinking Inc                            | ShotSpotter Inc                              | CUSIP: 82536T107<br>LEI: 549300MQV8SOWVNVZ667 | Long             | EC               | CORP              | US        |   1215000 | NS      | $18856800.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                  | SiTime Corp                                  | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72000 | NS      | $10573920.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp                 | Six Flags Entertainment Corp                 | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |    300000 | NS      | $10323000.00  | 0.33%             |  |  |  | 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      | $10255985.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Standardaero Inc                             | Standardaero Inc                             | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1321733 | NS      | $35713225.66  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                          | Texas Roadhouse Inc                          | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     82800 | NS      | $13741488.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                    | Toast Inc                                    | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    308000 | NS      | $10958640.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| REGULUS THERAPEUTICS, INC                    | REGULUS THERAPEUTICS, INC                    | CUSIP: 000000000<br>LEI: 529900ZYH2KYFH6Z7098 | Long             | EP               | CORP              | US        |     30200 | NS      | $24099600.00  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| SAIL BIOMEDICINES,INC.                       | SAIL BIOMEDICINES,INC.                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    188702 | NS      | $3976611.60   | 0.13%             |  |  |  | No            |                  3 | On Loan: No      |
| UL Solutions Inc                             | UL Solutions Inc                             | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |    657200 | NS      | $37585268.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc                | Ultragenyx Pharmaceutical Inc                | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |   1091000 | NS      | $42527180.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | Veeva Systems Inc                            | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     70600 | NS      | $16498514.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                                   | Vertex Inc                                   | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |    265000 | NS      | $10607950.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| REGULUS THERAPEUTICS,INC                     | REGULUS THERAPEUTICS,INC                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1513500 | NS      | $12077730.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| RESERVOIR MEDIA PIPE                         | RESERVOIR MEDIA PIPE                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1500000 | NS      | $11250000.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| REGULUS THERAPEUTICS, INC.                   | REGULUS THERAPEUTICS, INC.                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1378500 | NS      | $11000430.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SCYNEXIS INC WARRANTS                        | SCYNEXIS INC WARRANTS                        | CUSIP: 000000000<br>LEI: 529900XBHFGMNTU70154 | N/A              | DE               |  | US        |    165355 | NS      | $43240.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOSSAMER BIO, INC.                           | GOSSAMER BIO, INC.                           | CUSIP: 000000000<br>LEI: 549300ZOC0N2W6PSFR58 | N/A              | DE               |  | US        |    766284 | NS      | $351800.98    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| QXO                                          | QXO                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1430000 | NS      | $19076200.00  | 0.61%             |  |  |  | No            |                  3 | On Loan: No      |
| ZENAS BIOPHARMA INC                          | ZENAS BIOPHARMA INC                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151443 | NS      | $1753709.94   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                 | Wingstop Inc                                 | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |    190000 | NS      | $50139100.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                      | XPO Logistics Inc                            | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |    274300 | NS      | $29108716.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                 | Xylem Inc/NY                                 | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |    281000 | NS      | $33880170.00  | 1.09%             |  |  |  | No            |                  1 | 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      | $1423563.90   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| REZOLUTE INC                                 | REZOLUTE INC                                 | CUSIP: 000000000<br>LEI: 549300T05L48T72P2G08 | N/A              | DE               |  | US        |   1685800 | NS      | $6338608.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE                                     | REZOLUTE                                     | CUSIP: 000000000<br>LEI: 549300T05L48T72P2G08 | N/A              | DE               |  | US        |    533000 | NS      | $2004080.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seeing Machines Ltd                          | Seeing Machines Ltd                          | CUSIP: 000000000<br>LEI: 549300LNJJPZ2SU7A197 | Long             | EC               | CORP              | AU        |  11002001 | NS      | $253644.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sportradar Group AG                          | Sportradar Holding AG                        | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |   1750000 | NS      | $40442500.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                | On Holding AG                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |    800000 | NS      | $38488000.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Zealand Pharma A/S                           | Zealand Pharma A/S                           | CUSIP: 000000000<br>LEI: 549300ITBB1ULBL4CZ12 | Long             | EC               | CORP              | DK        |    160309 | NS      | $11310133.66  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                                  | Wix.com Ltd                                  | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |    110000 | NS      | $18654900.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                        | CyberArk Software Ltd                        | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |    174500 | NS      | $61451920.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiverr International Ltd                     | Fiverr International Ltd                     | CUSIP: 000000000<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | IL        |    770000 | NS      | $19596500.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Moncler SpA                                  | Moncler SpA                                  | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |    260900 | NS      | $16117302.33  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Birkenstock Holding Plc                      | Birkenstock Holding Plc                      | CUSIP: 000000000<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |    518200 | NS      | $26651026.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Merus NV                                     | Merus NV                                     | CUSIP: 000000000<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | NL        |    707291 | NS      | $32188813.41  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                      | AZZ Inc                                      | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |    235700 | NS      | $20449332.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie               | Applied Industrial Technologies Inc          | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |    252400 | NS      | $61403872.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                         | Ares Management Corp                         | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |    475000 | NS      | $72451750.00  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                         | Blue Owl Capital Inc                         | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1735000 | NS      | $32149550.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                                    | Braze Inc                                    | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |    780000 | NS      | $24281400.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                          | CSW Industrials Inc                          | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     70000 | NS      | $21873600.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The                     | Chefs' Warehouse Inc/The                     | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |    740000 | NS      | $42157800.00  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                      | Comfort Systems USA Inc                      | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |    136300 | NS      | $54186065.00  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EyePoint Pharmaceuticals Inc                 | EyePoint Pharmaceuticals Inc                 | CUSIP: 30233G209<br>LEI: 549300QE1RU34T50MR69 | Long             | EC               | CORP              | US        |   1485000 | NS      | $10127700.00  | 0.33%             |  |  |  | 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        |    957000 | NS      | $16900620.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                   | Floor & Decor Holdings Inc                   | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |    262000 | NS      | $18717280.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| FrontView REIT Inc                           | FrontView REIT Inc                           | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               |  | US        |    480000 | NS      | $5971200.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS Inc                                      | GMS Inc                                      | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |    425000 | NS      | $31135500.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties                | Gaming and Leisure Properties Inc            | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    520000 | NS      | $24887200.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Klaviyo Inc                                  | Klaviyo Inc                                  | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1265900 | NS      | $38533996.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                   | Natera Inc                                   | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123000 | NS      | $18564390.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners In               | Pinnacle Financial Partners Inc              | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     48800 | NS      | $4891712.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                | Pinterest Inc                                | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $10128000.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Regulus Therapeutics Inc                     | Regulus Therapeutics Inc                     | CUSIP: 75915K309<br>LEI: 529900ZYH2KYFH6Z7098 | Long             | EC               | CORP              | US        |    102500 | NS      | $817950.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Tyler Technologies Inc                       | Tyler Technologies Inc                       | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     37000 | NS      | $20102100.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Vera Therapeutics Inc                        | Vera Therapeutics Inc                        | CUSIP: 92337R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    307500 | NS      | $7186275.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                                 | Vericel Corp                                 | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |    370100 | NS      | $14071202.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Verona Pharma PLC                            | Verona Pharma PLC                            | CUSIP: 925050106<br>LEI: 213800EVI6O6J3TIAL06 | Long             | EC               | CORP              | GB        |    777400 | NS      | $56027218.00  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                          | VICI Properties Inc                          | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    180000 | NS      | $5763600.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| REGULUS THERAPEUTICS INC                     | REGULUS THERAPEUTICS INC                     | CUSIP: 000000000<br>LEI: 529900ZYH2KYFH6Z7098 | Long             | EC               | CORP              | US        |   4075000 | NS      | $32518500.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| REGULUS THERAPEUTICS                         | REGULUS THERAPEUTICS                         | CUSIP: 000000000<br>LEI: 529900ZYH2KYFH6Z7098 | Long             | EP               | CORP              | US        |     41900 | NS      | $33436200.00  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CEQUR SA                                     | FED HERMES KAUFMANN SM CAP CEQUR SA          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |   2178049 | NS      | $10783214.88  | 0.35%             |  |  |  | No            |                  3 | On Loan: No      |
| REGULUS THERAPEUTICS, INC                    | REGULUS THERAPEUTICS, INC                    | CUSIP: 000000000<br>LEI: 529900ZYH2KYFH6Z7098 | Long             | EC               | CORP              | US        |    450000 | NS      | $3591000.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                    | Xenon Pharmaceuticals Inc                    | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |    232500 | NS      | $8881500.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Zenas Biopharma Inc                          | Zenas Biopharma Inc                          | CUSIP: 98937L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    500000 | NS      | $5790000.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Kestra Medical Technologies Ltd              | Kestra Medical Technologies Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $9624000.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Viking Holdings Ltd                          | Viking Holdings Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    760000 | NS      | $31182800.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-24

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer