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Investments
 9 Months Ended
Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
At September 30, 2021 and December 31, 2020, Federated Hermes held investments in non-consolidated fluctuating-value Federated Hermes Funds of $78.8 million and $36.0 million, respectively, primarily in mutual funds which invest in equity securities and held investments in Separate Accounts of $10.5 million and $9.6 million at September 30, 2021 and December 31, 2020, respectively, that were included in Investments—Affiliates and Other on the Consolidated Balance Sheets. Federated Hermes' investments held in Separate Accounts as of September 30, 2021 and December 31, 2020, were primarily composed of domestic debt securities ($5.3 million and $5.2 million, respectively) and stocks of large domestic and foreign companies ($3.5 million and $3.1 million, respectively).
Federated Hermes consolidates certain Federated Hermes Funds into its Consolidated Financial Statements as a result of its controlling financial interest in these Federated Hermes Funds (see Note (6)). All investments held by these consolidated
Federated Hermes Funds were included in Investments—Consolidated Investment Companies on Federated Hermes' Consolidated Balance Sheets.
The investments held by consolidated Federated Hermes Funds as of September 30, 2021 and December 31, 2020 were primarily composed of domestic and foreign debt securities ($23.6 million and $48.6 million, respectively), stocks of large domestic and foreign companies ($22.8 million and $35.2 million, respectively) and stocks of small and mid-sized domestic and foreign companies ($7.1 million and $6.4 million, respectively).
The following table presents gains and losses recognized in Gain (Loss) on Securities, net on the Consolidated Statements of Income in connection with Federated Hermes' investments:
 Three Months EndedNine Months Ended
September 30,September 30,
(in thousands)2021202020212020
Investments—Consolidated Investment Companies
Net Unrealized Gains (Losses)$(391)$4,451 $(1,197)$3,987 
Net Realized Gains (Losses)1
184 (47)1,786 (1,151)
Net Gains (Losses) on Investments—Consolidated Investment Companies(207)4,404 589 2,836 
Investments—Affiliates and Other
Net Unrealized Gains (Losses)(2,077)1,816 1,170 1,410 
Net Realized Gains (Losses)1
1,640 (368)5,221 (406)
Net Gains (Losses) on Investments—Affiliates and Other(437)1,448 6,391 1,004 
Gain (Loss) on Securities, net$(644)$5,852 $6,980 $3,840 
1    Realized gains and losses are computed on a specific-identification basis.