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What did Paul say about watching the big game unfold? Tectonic plates etc etc....
Federated Hermes take a 10% stake in SEE
Federated Hermes already hold a stake in Qualcomm
SEE and Qualcomm recently strengthened their collaboration
Qualcomm recently partnered with Veoneer
SEE are the exclusive DMS provider to Veoneer
Feels like the plates are shifting! Any buy under 10p is a steal in my opinion
Over a TRILLION dollars under advice, Federated Hermes really are titans!
I must admit, after they were mentioned by the chap at Stifel as one of the companies SEE presented to, I expected their Kaufman Small Cap fund to be the buyer, but the RNS clearly states that it is Federated Hermes Inc.
Maybe Kaufman will also build a position but on the open market...
Part of the Federated Hermes pledge:
"I will encourage responsible behavior in the firms in which we invest and on which we engage"
Let's hope this means a seat on the board of SEE at some point and an additional level of corporate governance.
Very happy with this news!
Cheers JC
So they have a bigger stake in SEE than Qualcomm then.
Must like what they SEE.
Let's hope they can deliver the goods
Great call Faz!
FH look like a very respectable investor to have onboard, especially with their strong ESG focus
Thant’s interesting John
Federated Hermes, Inc. reports 254.85% increase in ownership of QCOM / QUALCOMM Incorporated
August 13, 2020 - Federated Hermes, Inc. has filed a 13F-HR form disclosing ownership of 191,530 shares of QUALCOMM Incorporated (US:QCOM) with total holdings valued at $17,469,000 USD as of June 30, 2020. Federated Hermes, Inc. had filed a previous 13F-HR on May 13, 2020 disclosing 53,975 shares of QUALCOMM Incorporated at a value of $3,651,000 USD. This represents a change in shares of 254.85 percent and a change in value of 378.47 percent during the quarter.
https://fintel.io/so/us/qcom/federated-investors-inc-pa-
Faz did call it to be fair
"After some probing, he did let slip a few names that generally attended the 121s with all presenting companies:
Kabouter - https://kaboutermgmt.com/ - HQ in Chicago with satellite office in San Fran
Federated - https://www.federatedhermes.com/ - HQ in Pennsylvania - Over $600 billion in managed assets as of June 2020
The 3rd name sounded like he said "GE Sure" but the closest I can find is https://geosureglobal.com/the-team and I'm not sure it's them."
Sensing the future: how Valeo drives intelligent mobility - UK ...
www.hermes-investment.com › Home › Insight
12 Jun 2018 — The global market for automotive sensors is worth more than $26bn ... Sensor technology will therefore play an integral role in modernising ... our investment decisions for the Hermes Impact Opportunities Fund. ... @FedHermesIntl · @CreditSpectrum · @EOSFedHermes · Federated Hermes - International.
Don’t feed Smokey shrey. IT is a troll.
I think Faz mentioned Federated Hermes as one of the possibilities.
$628bn under management as at 30.06.20
While Hermes is a US company, Stifel and Hermes both have offices at 150 Cheapside. Seems more like UK office drove the investment decision. Either way, not a slam dunk strategic investor?
This company manages over $500bn in assets Smokey. Amazing how you turn everything into a negative.
They must have had one LARGE s****y stick to beat the likes of JPM,Morgan Stanley, UBS and Berkshire Hathaway away!
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957,[1] the company manages $575.9 billion of customer assets, as of Dec. 31, 2019. The corporation offers 135 different types of mutual funds spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies and a range of separately managed account strategies. Clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.
Federated Hermes, Inc.
City and country of registered office Pittsburgh, USA.