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Investments
 6 Months Ended
Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Investments Investments

At June 30, 2019 and December 31, 2018, Federated held investments in Separate Accounts of $7.5 million and $6.8 million, respectively, and investments in fluctuating-value Federated Funds of $17.7 million and $4.1 million, respectively, that were included in Investments—Affiliates and Other on the Consolidated Balance Sheets.

Federated's investments held in Separate Accounts as of June 30, 2019 and December 31, 2018, were primarily composed of domestic debt securities ($3.7 million and $3.5 million, respectively) and stocks of large U.S. and international companies ($3.1 million and $2.7 million, respectively).

Federated consolidates certain Federated Funds into its Consolidated Financial Statements as a result of Federated's controlling financial interest in these Federated Funds (see Note (7)). All investments held by these consolidated Federated Funds were included in Investments—Consolidated Investment Companies on Federated's Consolidated Balance Sheets.

Federated's investments held by consolidated Federated Funds as of June 30, 2019 and December 31, 2018, were primarily composed of domestic and foreign debt securities ($13.6 million and $20.9 million, respectively) and stocks of large U.S. and international companies ($5.7 million and $1.6 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's investments:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(in thousands)
 
2019
 
2018
 
2019
 
2018
Investments—Consolidated Investment Companies
 
 
 
 
 
 
 
 
Unrealized Gains (Losses)
 
$
424

 
$
(653
)
 
$
1,709

 
$
(2,343
)
Realized Gains1
 
53

 
501

 
160

 
1,325

Realized Losses1
 
(259
)
 
(723
)
 
(827
)
 
(898
)
Net Gains (Losses) on Investments—Consolidated Investment Companies
 
218

 
(875
)
 
1,042

 
(1,916
)
Investments—Affiliates and Other
 
 
 
 
 
 
 
 
Unrealized Gains (Losses) Recognized on Securities Still Held
 
340

 
9

 
1,217

 
(206
)
Net Realized Gains (Losses) Recognized on Securities Sold1
 
19

 
51

 
(3
)
 
125

Net Gains (Losses) on Investments—Affiliates and Other
 
359

 
60

 
1,214

 
(81
)
Gain (Loss) on Securities, net
 
$
577

 
$
(815
)
 
$
2,256

 
$
(1,997
)
1 
Realized gains and losses are computed on a specific-identification basis.