Why a Wealth Manager Made This $155 Million Asset Manager His Biggest Hold Ever
Schneider Downs Wealth Management Advisors raised their position in the Hermes Incorporated (NYSE:FHI) in the first quarter, it acquires approximately 3.56 million shares based on quarterly prices, according to a May 14, 2026, SEC filing.
What’s going on
According to a filing with the Securities and Exchange Commission (SEC) dated May 14th, 2026, Schneider Downs Wealth Management increased its holdings in Federated Hermes by 65,025 shares in the 1st quarter. The estimated value of this purchase was $3.56 million, based on the quarter’s closing price. The quarter-end value of the position increased by $16.04 million, reflecting both additional shares and market movements.
Another thing you need to know
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This purchase brought Federated Hermes’ stake to 17% of Schneider Downs Wealth Management Advisors, LP’s 13F reported AUM as of March 31, 2026.
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Top benefits after installation:
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NYSE:FHI: $154.70 million (17.1% of AUM)
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NYSEMKT:SPDW: $82.39 million (9.1% of AUM)
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NYSEMKT:VO: $70.65 million (7.8% of AUM)
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NYSEMKT:MMIT: $62.18 million (6.9% of AUM)
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NYSEMKT:SCHG: $47.79 million (5.3% of AUM)
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As of Friday, Federated Hermes shares are valued at $56.06, up 32% over the past year and outperforming the S&P 500’s roughly 28% gain over the same period.
Company Overview
|
Metric |
Price |
|---|---|
|
Price (as of Friday) |
$56.06 |
|
Market Capitalization |
$4.3 billion |
|
Revenue (TTM) |
$1.86 billion |
|
Total Revenue (TTM) |
$398.54 million |
Company summary
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Federated Hermes, Inc. offers asset management services, including equity, fixed income, balance, and money market mutual funds, and separate account management for institutional and individual investors.
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The company generates revenue primarily through management fees and advisory services, using both fundamental and multi-value investment strategies in global markets.
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Its primary clients include individuals, high net worth investors, institutional clients (such as pension funds and government agencies), and registered investment advisors.
Federated Hermes, Inc. is a leading asset management company with a diverse portfolio of investment products and a global client base. The firm’s scale and expertise in both active and value investment strategies support its competitive position in the asset management industry. Fixed profits and stable cash flow from operating expenses provide a strong business model.
What this transaction means for investors
The purchase appears to be a vote of confidence in a business that Schneider Downs already knows well. Most interestingly, Federated Hermes stands as the company’s largest exposed position, ahead of a list dominated by ETFs and diversified market exposure. That focus suggests that the wealth manager sees something attractive in owning the asset manager itself, not just its products.
Time makes sense. Federated Hermes recently reported record assets under management of $907.1 billion, including a record $684.7 billion in money markets and a record $100.8 billion in equity assets. Revenue rose 13% year-over-year to $479 million as higher capital market and equity valuations boosted capital generation. CEO J. Christopher Donahue highlighted record net sales and positive equity fund flows, and the company also increased its quarterly dividend by nearly 12% and repurchased $66 million of stock during the quarter.
Mutual benefits when investors park money in money market funds, but it is also seeing renewed momentum in high-fee equity strategies. If interest rates remain high and asset accumulation continues, the company can have many avenues for growth while returning cash through dividends and buybacks.
