Schneider Downs Goes All-In on Federated Hermes (FHI) – 2.6M Shares Later

It’s 3 a.m. in the fever-dream world of Wall Street, and Schneider Downs Wealth Management Advisors has just lobbed a Molotov cocktail into the SEC’s filing bin. The quarterly 13-F report from Nov. 17, 2025, isn’t just a document-it’s a manifesto. Federated Hermes (FHI 0.28%)? They’re not just holding shares. They’re hoarding them like madmen in a vault made of caffeine and paranoia. Two million, five hundred seventy-seven thousand shares added in a single quarter. The total stake? 2,657,263 shares. The market value? $137.99 million. Out of $842.72 million in total U.S. equity holdings. The numbers are screaming, and I’m not sure if they’re laughing or crying.

Let’s get this straight: Federated Hermes is now 16.37% of Schneider Downs’ AUM. That’s not a position. That’s a domination. The fund’s top five holdings read like a bingo card for institutional mania. NYSE: FHI ($137.99M), NYSEMKT: SPDW ($73.82M), VO ($69.96M), MMIT ($54.48M), SCHG ($51.18M). The stock itself? Trading at $49.16 as of Nov. 16, up 20.49% year-over-year. Outperforming the S&P 500 by 9.02 percentage points. Is this a stock? Or is it a hallucination birthed from the SEC’s red tape and a caffeine addiction?

Metric Value
Revenue (TTM) $1.74 billion
Net Income (TTM) $380.98 million
Dividend Yield 2.77%
Price (as of market close 11/14/25) $49.16

Federated Hermes isn’t just another asset manager. It’s a colossus in Pittsburgh, PA, with tentacles in New York and London. They dabble in equity, fixed income, balanced funds, and money market portfolios. Their strategies? Fundamental and quantitative. Their clients? Everyone from high net worth individuals to pension plans. It’s a buffet of capitalism’s most grotesque delicacies.

But here’s the kicker: Federated Hermes has raised its dividend payout by 25.9% over five years. And don’t forget the special dividends-$1 per share in November 2024. Current quarterly payout? $0.34/share. A yield of 2.7%. Is this generosity? Or is it a siren song luring investors into the abyss of overvaluation? Schneider Downs seems to think another special dividend is coming. In June, FHI was 1.5% of the fund’s portfolio. By Q3? A 3,229% surge in shares. That’s not diversification. That’s a suicide note written in Excel.

The SEC filings are just the beginning. This is a chess game where the pieces are made of smoke and the board is a burning house. Schneider Downs is betting big, but the market is a fickle mistress. Will Federated Hermes deliver? Or is this just another Wall Street con job wrapped in a dividend yield? The answer, my friends, is buried in the numbers. And the numbers? They’re laughing. They always laugh.

🚨

Read More

2025-11-28 20:43