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Investments
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
At June 30, 2024 and December 31, 2023, Federated Hermes held investments in non-consolidated fluctuating-value Federated Hermes Funds of $65.9 million and $99.5 million, respectively, primarily in mutual funds which represent equity investments for Federated Hermes, and held investments in Separate Accounts of $6.7 million and $7.5 million at June 30, 2024 and December 31, 2023, respectively, that were included in Investments—Affiliates and Other on the Consolidated Balance Sheets. Federated Hermes’ investments held in Separate Accounts as of June 30, 2024 and December 31, 2023 were primarily composed of stocks of large domestic and foreign companies ($2.9 million and $3.4 million, respectively) and domestic debt securities ($2.4 million for both periods).
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 June 30, 2024 and December 31, 2023 were primarily composed of domestic and foreign debt securities ($59.6 million and $59.1 million, respectively), stocks of large foreign companies ($7.0 million and $4.9 million, respectively), and stocks of small and mid-sized domestic and foreign companies ($4.5 million and $4.2 million, respectively).
The following table presents gains and losses recognized in Gain (Loss) on Securities, net on the Consolidated Statements of Income in connection with Federated Hermes’ investments:
 Three Months EndedSix Months Ended
June 30,June 30,
(in thousands)2024202320242023
Investments—Consolidated Investment Companies
Net Unrealized Gains (Losses)$(2,130)$641 $(2,137)$4,262 
Net Realized Gains (Losses)1
(37)(335)(223)(975)
Net Gains (Losses) on Investments—Consolidated Investment Companies(2,167)306 (2,360)3,287 
Investments—Affiliates and Other
Net Unrealized Gains (Losses)1,794 (1,496)3,135 856 
Net Realized Gains (Losses)1
(483)1,230 116 1,390 
Net Gains (Losses) on Investments—Affiliates and Other1,311 (266)3,251 2,246 
Gain (Loss) on Securities, net$(856)$40 $891 $5,533 
1    Realized gains and losses are computed on a specific-identification basis.