FHCBX
Federated Hermes Conservative Microshort Fund
Federated Hermes Adviser Series

Portfolio moves

Net position changes between two of this fund's N-PORT snapshots. These are differences between point-in-time reports — not a trade log — and share counts can be affected by splits and other corporate actions.

Nov 30, 2025 → Feb 28, 2026

Expand a category to see the positions behind it, ranked by weight.

Security Shares Nov 2025 Shares Feb 2026 Δ shares End % Δ value
STANDARD CHARTERED 10 0 24,463,000 24,463,000 9.08% $24.46M
MUFG SECURITIES AMERICAS INC:0 0 13,552,000 13,552,000 5.03% $13.55M
Energy Transfer LP 0 10,000,000 10,000,000 3.71% $10.00M
Hyundai Capital America 0 3,000,000 3,000,000 1.12% $3.01M
PNC Financial Services Group, Inc. (The) 0 3,000,000 3,000,000 1.11% $3.00M
Oracle Corp 0 3,000,000 3,000,000 1.11% $3.00M
American Express Co 0 2,985,000 2,985,000 1.11% $2.99M
SSTRT 2026-A B 144A 4.284% 03-25-33 0 1,911,947 1,911,947 0.71% $1.92M
SBCLN 2025-A D 0 1,428,000 1,428,000 0.53% $1.44M
DLLMT 2026-1 LLC 0 1,000,000 1,000,000 0.37% $1.00M
CONSTELLATION ENERGY GENERATION LLC 0 445,000 445,000 0.17% $445.92K
Security Shares Nov 2025 Shares Feb 2026 Δ shares End % Δ value
SCOTIA TRIPARTY TREASURY 18,751,000 0 -18,751,000 0.00% -$18.75M
USD P IDR C @16250.00 EO 13,298,000 0 -13,298,000 0.00% -$13.30M
Treasury Repurchase Agreement 13,298,000 0 -13,298,000 0.00% -$13.30M
ENERGY TRANSFER PARTNERS 10,000,000 0 -10,000,000 0.00% -$10.00M
PNC BANK NA SR UNSECURED 01/27 VAR 3,000,000 0 -3,000,000 0.00% -$3.00M
Nissan Master Owner Trust Receivables, Series 2024-A, Class A 3,000,000 0 -3,000,000 0.00% -$3.00M
Porsche Innovative Lease Owner Trust, Series 2024-2A, Class A2A 209,586 0 -209,586 0.00% -$209.71K
MMAF EQUIPMENT FINANCE LLC MMAF 2023 A A2 144A 98,285 0 -98,285 0.00% -$98.34K
Security Shares Nov 2025 Shares Feb 2026 Δ shares End % Δ value
SOC GEN NY 6 13,298,000 13,552,000 254,000 5.03% $254.00K
REVERSE REPO PARIBAS 13,298,000 13,552,000 254,000 5.03% $254.00K
Security Shares Nov 2025 Shares Feb 2026 Δ shares End % Δ value
ENTERPRISE FLEET FINANCING LLC EFF 2025 2 A2 144A 3,000,000 2,902,033 -97,967 1.08% -$101.50K
Wheels Fleet Lease Funding 1 LLC 3,000,000 2,828,797 -171,203 1.05% -$156.20K
MTLRF 2025-1A A2 2,500,000 2,406,956 -93,044 0.90% -$98.98K
TRUIST BANK AUTO CREDIT-LINKED NOTES SER SER 2025-1 CL B REGD 144A P/P 4.72800000 2,642,245 2,322,323 -319,922 0.87% -$314.32K
SECURITIZED TERM AUTO RECEIVABLES TRUST SSTRT 2025-A D 2,304,808 2,023,912 -280,896 0.77% -$265.36K
THE HUNTINGTON NATIONAL BANK HACLN 2025 1 B 144A 2,252,349 2,023,516 -228,833 0.76% -$218.48K
Ally Bank Auto Credit-Linked Notes, Series 2025-A, Class D 1,936,118 1,727,213 -208,905 0.64% -$208.00K
ALLY BANK AUTO CREDIT LINKED NOTES SERIES 2025 B 1,750,000 1,509,414 -240,586 0.56% -$238.79K
STELLANTIS FINANCIAL UNDERWRITTEN ENHANCED LEASE T SFUEL 2025-AA A2 1,563,763 1,341,295 -222,469 0.50% -$224.18K
Enterprise Fleet Financing LLC, Series 2024-4, Class A2 1,563,414 1,236,930 -326,484 0.46% -$327.24K
ARI Fleet Lease Trust, Series 2024-B, Class A2 1,582,904 1,232,526 -350,378 0.46% -$353.80K
SSTRT 2025-A B 144A 5.038% 07-25-31 1,298,484 1,140,232 -158,251 0.43% -$155.70K
SDART 2024-4 A3 1,644,299 1,121,939 -522,359 0.42% -$523.51K
SSTRT 2025-B C 144A 5.121% 12-29-32 1,188,755 1,057,597 -131,158 0.40% -$126.73K
SSTRT 2025-B D 144A 5.463% 12-29-32 1,188,755 1,057,597 -131,158 0.40% -$128.14K
DTRT 2024-1 A3 1,371,058 1,060,566 -310,492 0.40% -$311.72K
Ally Bank Auto Credit-Linked Notes, Series 2024-A, Class B 989,715 866,440 -123,274 0.33% -$124.61K
Chase Auto Credit Linked Notes, Series 2025-1, Class C 857,680 779,534 -78,145 0.29% -$78.50K
Barings Equipment Finance LLC, Series 2025-A, Class A2 844,470 749,255 -95,215 0.28% -$95.66K
Enterprise Fleet Financing LLC, Series 2024-3, Class A2 903,443 600,291 -303,152 0.22% -$305.13K
DLLMT LLC, Series 2024-1A, Class A2 1,203,408 467,516 -735,892 0.17% -$738.04K
Enterprise Fleet Financing LLC, Series 2024-2, Class A2 790,079 393,130 -396,949 0.15% -$399.30K
GreatAmerica Leasing Receivables Funding LLC, Series 2024-2, Class A2 578,058 389,556 -188,502 0.15% -$189.70K
Dllad LLC, Series 2024-1A, Class A2 420,766 269,869 -150,898 0.10% -$152.00K
BMW Vehicle Lease Trust, Series 2024-2, Class A2A 372,324 121,739 -250,585 0.05% -$250.71K
LAD Auto Receivables Trust, Series 2024-3A, Class A2 397,342 74,073 -323,268 0.03% -$323.42K
Security Shares Nov 2025 Shares Feb 2026 Δ shares End % Δ value
Drive Auto Receivables Trust, Series 2025-2, Class B 4,000,000 4,000,000 0 1.49% $5.32K
NEXTERA ENERGY 3,000,000 3,000,000 0 1.13% $2.40K
New York Life Global Funding 3,000,000 3,000,000 0 1.12% $3.46K
SYNOPSYS INC 3,000,000 3,000,000 0 1.12% $1.92K
NextGear Floorplan Master Owner Trust 3,000,000 3,000,000 0 1.12% $82
US BANK NA CINCINNATI SR UNSECURED 05/28 VAR 3,000,000 3,000,000 0 1.12% $3.28K
GMF Floorplan Owner Revolving Trust 3,000,000 3,000,000 0 1.12% $6.05K
AMERICAN HONDA FINANCE CORP FRN SOFR+90 09/01/2028 3,000,000 3,000,000 0 1.12% $5.58K
PFS Financing Corp 3,000,000 3,000,000 0 1.12% -$354
COREBRIDGE GLOB FUNDING SECURED 144A 06/26 5.35 3,000,000 3,000,000 0 1.12% -$8.86K
TOYOTA MOTOR CREDIT CORP SR UNSECURED 03/27 VAR 3,000,000 3,000,000 0 1.12% $924
FORD MOTOR CREDIT CO LLC SR UNSECURED 11/26 VAR 3,000,000 3,000,000 0 1.12% $1.65K
NatWest Markets PLC 3,000,000 3,000,000 0 1.12% $7.65K
GM F 07/15/27 3,000,000 3,000,000 0 1.12% $4.13K
TRUIST BANK FRN SOFR+77 07/24/2028 3,000,000 3,000,000 0 1.12% $4.65K
GLENCORE FUNDING LLC COMPANY GUAR 144A 10/26 VAR 3,000,000 3,000,000 0 1.12% $2.97K
MORGAN STANLEY BK NA SALT LAKE FRN SOFR+68.5 10/15/2027 3,000,000 3,000,000 0 1.12% -$457
Royal Bank of Canada, Series 1 3,000,000 3,000,000 0 1.12% $1.33K
GS F 05/21/27 3,000,000 3,000,000 0 1.11% -$2.37K
VW Float 03/20/26 3,000,000 3,000,000 0 1.11% -$2.98K
NextGear Floorplan Master Owner Trust 3,000,000 3,000,000 0 1.11% -$14
AMERICAN HONDA F 2,905,000 2,905,000 0 1.09% $479
NAVMT 2024-1 A 2,825,000 2,825,000 0 1.05% -$10.94K
PNFED 2025-A A3 144A 4.03% 07-15-30 2,800,000 2,800,000 0 1.04% $6.77K
SDART 2025-1 B 2,610,000 2,610,000 0 0.98% $239
HPEFS EQUIP TR 2024-2A B 5.35% 10/20/2031 144A 2,530,000 2,530,000 0 0.95% -$4.96K
PFS Financing Corp., Series 2025-C, Class A 2,500,000 2,500,000 0 0.93% $2
DAIMLER TRUCKS FINANCE NORTH AMERICA LLC FRN SOFR+84 01/13/2028 144A 2,500,000 2,500,000 0 0.93% $2.03K
Hyundai Auto Lease Securitization Trust 2024-B 2,460,000 2,460,000 0 0.92% -$8.02K
FORDF 2024-3 A2 2,450,000 2,450,000 0 0.91% $4.08K
METROPOLITAN LIFE GLOBAL FUNDING I FRN SOFRINDX+70 06/11/2027 144A 2,310,000 2,310,000 0 0.86% -$2.91K
CITIBANK NA SR UNSECURED 08/26 VAR 2,310,000 2,310,000 0 0.86% -$2.95K
TOYOTA LEASE OWNER TRUST TLOT 2025 A A4 144A 2,250,000 2,250,000 0 0.85% -$1.57K
MERCEDES BENZ FIN NA COMPANY GUAR 144A 11/27 VAR 2,070,000 2,070,000 0 0.77% -$2.94K
GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-2 2,000,000 2,000,000 0 0.75% $315
GMCAR 2025-3 A3 2,000,000 2,000,000 0 0.75% $2.02K
PFS Financing Corp 2,000,000 2,000,000 0 0.75% $2.51K
NextGear Floorplan Master Owner Trust 2,000,000 2,000,000 0 0.75% -$141
AUSTRALIA NEW ZEALAND BANKING GROUP LTD 2,000,000 2,000,000 0 0.74% $3.86K
TORONTO DOMINION BANK THE 2,000,000 2,000,000 0 0.74% -$1.97K
WOSAT 2025-A A2A 4.14% 05-15-30 2,000,000 2,000,000 0 0.74% $3.29K
CANADIAN IMPERIAL BK OF COMM FRN SOFR+72 01/13/2028 2,000,000 2,000,000 0 0.74% $820
Evergreen Credit Card Trust 2,000,000 2,000,000 0 0.74% $523
WELLS FARGO + COMPANY SR UNSECURED 01/28 VAR 1,955,000 1,955,000 0 0.73% $964
WHEELS FLEET LEASE FUNDING LLC WFLF 2025 3A A1 144A 1,730,000 1,730,000 0 0.64% $6.26K
PHILIP MORRIS INTL INC SR UNSECURED 10/28 VAR 1,665,000 1,665,000 0 0.62% $1.19K
HCA INC VARIABLE RATE 03/01/2028 1,615,000 1,615,000 0 0.60% -$988
EVERGREEN CREDIT CARD TRUST 1,500,000 1,500,000 0 0.56% -$8.78K
TRILLIUM CREDIT CARD TRUST II 1,500,000 1,500,000 0 0.56% $2.47K
NISSAN MOTOR ACCEPTANCE SR UNSECURED 144A 09/27 VAR 1,500,000 1,500,000 0 0.55% -$6.11K
Hyundai Auto Lease Securitization Trust 2025-A 1,460,000 1,460,000 0 0.55% -$378
FORDL 2025-A A4 1,345,000 1,345,000 0 0.51% $4.50K
HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-B 4.94% 08/15/2029 144A 1,250,000 1,250,000 0 0.47% $714
SBNA Auto Lease Trust, Series 2024-B, Class A4 1,250,000 1,250,000 0 0.47% -$2.73K
Porsche Innovative Lease Owner Trust, Series 2024-1A, Class A3 1,250,000 1,250,000 0 0.46% -$1.71K
FITB F 01/28/28 1,175,000 1,175,000 0 0.44% -$333
Enterprise Fleet Financing LLC, Series 2025-3, Class A2 1,090,000 1,090,000 0 0.41% $502
HPEFS EQUIPMENT TRUST 2025-1 HPEFS 2025-1A B 1,000,000 1,000,000 0 0.37% $892
BofA Auto Trust, Series 2025-1A, Class A3 1,000,000 1,000,000 0 0.37% $1.50K
SBNA Auto Receivables Trust, Series 2025-SF1, Class D 1,000,000 1,000,000 0 0.37% -$1.46K
NAVISTAR FINL DEALER NT MASTER OWNER TR II 4.42% 09/25/2030 144A 1,000,000 1,000,000 0 0.37% $6.24K
Verizon Master Trust Series 2025-9 1,000,000 1,000,000 0 0.37% -$1.93K
NEXTERA ENERGY CAPITAL HOLDINGS INC VARIABLE RATE 02/04/2028 965,000 965,000 0 0.36% -$564
MARSH + MCLENNAN COS INC SR UNSECURED 11/27 VAR 885,000 885,000 0 0.33% -$1.47K
VZMT 2025-3 C 800,000 800,000 0 0.30% -$6.70K
PFIZER INC FRN SOFR+50 11/15/2027 790,000 790,000 0 0.29% $799
DELL EQUIPMENT FINANCE TRUST 2025-2 SER 2025-2 CL A3 REGD 144A P/P 4.12000000 680,000 680,000 0 0.25% $3.05K
State Street Corp. 570,000 570,000 0 0.21% -$527
HPEFS Equipment Trust 2024-2 500,000 500,000 0 0.19% -$834

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