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Hershey Co

HSY
Exchange
NYSE
Industry
Sugar & Confectionery Products
SEC CIK
0000047111

In the last 90 days, Hershey Co insiders filed 0 open-market purchases and 30 sales; 1,417 institutions reported holding it in 13F filings for Q2 2026, worth $22.8B in total; superinvestors Markel Group and Maverick Capital hold it.

13F holders, Q3 2025

Institutional positions in Hershey Co as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
1,360
+64 vs. Q2 2025
Shares held
126.5M
−349.3K (−0.3%) vs. Q2 2025
Total value
$23.7B
+$2.61B (+12.4%) vs. Q2 2025
New holders
158
484 more added
Sold out
94
455 more reduced

18 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting HSY on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 1,360 institutions
Q1 2021: 1,007 institutionsQ2 2021: 1,040 institutionsQ3 2021: 1,040 institutionsQ4 2021: 1,138 institutionsQ1 2022: 1,191 institutionsQ2 2022: 1,212 institutionsQ3 2022: 1,228 institutionsQ4 2022: 1,294 institutionsQ1 2023: 1,337 institutionsQ2 2023: 1,357 institutionsQ3 2023: 1,301 institutionsQ4 2023: 1,352 institutionsQ1 2024: 1,362 institutionsQ2 2024: 1,384 institutionsQ3 2024: 1,400 institutionsQ4 2024: 1,349 institutionsQ1 2025: 1,348 institutionsQ2 2025: 1,314 institutionsQ3 2025: 1,360 institutionsQ4 2025: 1,415 institutionsQ1 2026: 1,480 institutionsQ2 2026: 1,417 institutions
Value heldQ3 2025: $23.7B
Q1 2021: $17.3BQ2 2021: $19.0BQ3 2021: $18.6BQ4 2021: $21.0BQ1 2022: $23.8BQ2 2022: $24.1BQ3 2022: $24.9BQ4 2022: $26.2BQ1 2023: $29.4BQ2 2023: $29.4BQ3 2023: $23.5BQ4 2023: $21.8BQ1 2024: $22.8BQ2 2024: $21.6BQ3 2024: $23.6BQ4 2024: $20.6BQ1 2025: $21.0BQ2 2025: $21.3BQ3 2025: $23.7BQ4 2025: $23.2BQ1 2026: $25.9BQ2 2026: $22.8B
Institutions holding HSY and their total value by quarter
QuarterHoldersValue
Q2 20261,417$22.8B
Q1 20261,480$25.9B
Q4 20251,415$23.2B
Q3 20251,360$23.7B
Q2 20251,314$21.3B
Q1 20251,348$21.0B
Q4 20241,349$20.6B
Q3 20241,400$23.6B
Q2 20241,384$21.6B
Q1 20241,362$22.8B
Q4 20231,352$21.8B
Q3 20231,301$23.5B
Q2 20231,357$29.4B
Q1 20231,337$29.4B
Q4 20221,294$26.2B
Q3 20221,228$24.9B
Q2 20221,212$24.1B
Q1 20221,191$23.8B
Q4 20211,138$21.0B
Q3 20211,040$18.6B
Q2 20211,040$19.0B
Q1 20211,007$17.3B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Hershey Co; share changes are against Q2 2025.

Institutions holding HSY in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Hussman Strategic Advisors, Inc.10,500$1.96M0.43%−4,200−28.6%Reduced
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main10,500$1.96M0.00%+3,500+50.0%Added
Lantz Financial LLC10,569$1.98M0.44%+30+0.3%Added
Physicians Financial Services, Inc.10,584$1.98M0.54%00.0%Unchanged
We Are One Seven, LLC10,588$1.98M0.05%+4,026+61.4%Added
Mizuho Securities USA LLC10,787$1.98M0.04%+557+5.4%Added
Commerzbank Aktiengesellschaft10,634$1.99M0.04%+1,681+18.8%Added
Davis R M Inc10,696$2.00M0.03%−3,231−23.2%Reduced
Candriam Luxembourg S.C.A.10,705$2.00M0.01%+1,237+13.1%Added
Change Path, LLC10,738$2.01M0.05%−1,135−9.6%Reduced
Wetherby Asset Management Inc10,800$2.02M0.08%+530+5.2%Added
R.H. Dinel Investment Counsel, Inc.10,890$2.04M1.31%00.0%Unchanged
TD Private Client Wealth LLC10,945$2.05M0.05%+10,717+4,700.4%Added
Citizens Financial Group Inc11,044$2.07M0.03%+1,756+18.9%Added
Verity & Verity, LLC11,091$2.07M0.17%−51,248−82.2%Reduced
Knollwood Investment Advisory, LLC11,209$2.10M0.19%−59−0.5%Reduced
Davenport & Co LLC11,225$2.10M0.01%−3,599−24.3%Reduced
Harvest Investment Advisors, LLC11,297$2.11M1.24%+330+3.0%Added
Hazlett, Burt & Watson, Inc.11,349$2.12M0.75%00.0%Unchanged
MOKAN Wealth Management Inc.11,419$2.14M1.07%−1,316−10.3%Reduced
ICW Investment Advisors LLC11,460$2.14M0.78%+286+2.6%Added
Studio Investment Management LLC11,506$2.15M0.41%+203+1.8%Added
Teachers Retirement System of the State of Kentucky11,588$2.17M0.02%00.0%Unchanged
MAI Capital Management11,721$2.19M0.01%−241−2.0%Reduced
Jamison Private Wealth Management, Inc.11,866$2.22M0.28%+942+8.6%Added
Greenleaf Trust11,905$2.23M0.02%−98−0.8%Reduced
Tudor Financial Inc.11,915$2.23M1.18%00.0%Unchanged
Thrivent Financial for Lutherans12,207$2.28M0.00%−1,328−9.8%Reduced
Horizon Investments, LLC12,297$2.30M0.03%+4,316+54.1%Added
IFG Advisory, LLC12,461$2.33M0.11%−86−0.7%Reduced
Central Trust Co12,489$2.34M0.05%−275−2.2%Reduced
Kentucky Farm Bureau Mutual Insurance Co12,500$2.34M0.58%00.0%Unchanged
Colonial Trust Advisors12,506$2.34M0.18%−7,377−37.1%Reduced
Cim, LLC12,581$2.35M0.31%−211−1.6%Reduced
Rafferty Asset Management, LLC12,624$2.36M0.01%+77+0.6%Added
Ashton Thomas Securities, LLC12,700$2.38M0.33%+69+0.5%Added
Next Level Private LLC12,251$2.39M0.69%00.0%Unchanged
Pacer Advisors, Inc.12,802$2.39M0.01%−802,586−98.4%Reduced
Dearborn Partners LLC12,826$2.40M0.11%−505−3.8%Reduced
Keybank National Association12,826$2.40M0.01%+211+1.7%Added
Public Sector Pension Investment Board12,917$2.42M0.01%+1,708+15.2%Added
Picton Mahoney Asset Management12,975$2.43M0.03%+12,975New
Ami Investment Management Inc12,988$2.43M0.56%+554+4.5%Added
Federation des caisses Desjardins du Quebec13,016$2.43M0.01%+856+7.0%Added
Great Valley Advisor Group, Inc.13,378$2.50M0.05%−48−0.4%Reduced
J.W. Cole Advisors, Inc.13,388$2.50M0.05%+302+2.3%Added
Settian Capital LP13,400$2.51M1.70%00.0%Unchanged
NorthCrest Asset Manangement, LLC12,908$2.51M0.06%+311+2.5%Added
Bahl & Gaynor Inc13,466$2.52M0.01%−1,596−10.6%Reduced
Arnhold LLC13,480$2.52M0.21%00.0%Unchanged
Moors & Cabot, Inc.13,483$2.52M0.11%+594+4.6%Added
Chesley Taft & Associates LLC13,498$2.52M0.11%−158−1.2%Reduced
Argyle Capital Management Inc.13,511$2.53M0.87%00.0%Unchanged
Auxier Asset Management13,560$2.54M0.36%00.0%Unchanged
Absher Wealth Management, LLC13,620$2.55M0.30%−7,588−35.8%Reduced
NEOS Investment Management LLC13,699$2.56M0.02%+4,584+50.3%Added
Carret Asset Management, LLC13,800$2.58M0.25%−700−4.8%Reduced
Captrust Financial Advisors13,844$2.59M0.01%+143+1.0%Added
DT Investment Partners, LLC13,951$2.61M0.22%00.0%Unchanged
Central Bank & Trust Co13,981$2.62M0.41%−774−5.2%Reduced
Culbertson A N & Co Inc14,087$2.63M0.37%−1,190−7.8%Reduced
B. Metzler seel. Sohn & Co. AG14,163$2.65M0.02%+7,900+126.1%Added
Loring Wolcott & Coolidge Fiduciary Advisors LLP14,807$2.69M0.02%−1,039−6.6%Reduced
Gries Financial LLC14,380$2.69M0.43%+1,108+8.3%Added
Moloney Securities Asset Management, LLC14,443$2.70M0.32%−448−3.0%Reduced
Public Employees Retirement Association of Colorado14,448$2.70M0.01%−132−0.9%Reduced
Avanza Fonder AB14,525$2.72M0.07%00.0%Unchanged
Axxcess Wealth Management, LLC14,534$2.72M0.06%−3,096−17.6%Reduced
ICICI Prudential Asset Management Co Ltd14,600$2.73M0.29%+11,800+421.4%Added
Hillman Capital Management, Inc.14,708$2.75M1.60%−3,900−21.0%Reduced
Hilltop Holdings Inc.14,729$2.76M0.15%+11,988+437.4%Added
Eukles Asset Management14,742$2.76M1.07%−110−0.7%Reduced
Achmea Investment Management B.V.14,808$2.77M0.03%+485+3.4%Added
Intrinsic Edge Capital Management LLC15,000$2.81M0.43%+15,000New
Valeo Financial Advisors, LLC15,012$2.81M0.06%+289+2.0%Added
Oak Thistle LLC15,048$2.81M0.43%+12,243+436.5%Added
Cypress Advisory Group LLC15,095$2.82M2.09%00.0%Unchanged
Mediolanum International Funds Ltd15,366$2.83M0.03%−57,425−78.9%Reduced
Siemens Fonds Invest GmbH15,174$2.84M0.16%+2,511+19.8%Added
Assetmark, Inc15,189$2.84M0.01%+721+5.0%Added
Private Advisor Group, LLC15,313$2.86M0.01%−2,571−14.4%Reduced
D.A. Davidson & Co.15,344$2.87M0.02%−1,249−7.5%Reduced
Promethium Advisors,llc15,365$2.87M1.65%−39−0.3%Reduced
Sowell Financial Services LLC15,387$2.88M0.11%+1,146+8.0%Added
Summit Place Financial Advisors, LLC15,419$2.88M1.36%+995+6.9%Added
Connor, Clark & Lunn Investment Management Ltd.15,460$2.89M0.01%+15,460New
LVM Capital Management Ltd15,669$2.93M0.28%−2,956−15.9%Reduced
Callahan Advisors, LLC15,814$2.96M0.25%−42−0.3%Reduced
ISAM Funds (UK) Ltd15,879$2.97M0.61%+1,169+7.9%Added
STRS Ohio15,883$2.97M0.01%+12,401+356.1%Added
Burney Co15,903$2.97M0.09%−148−0.9%Reduced
Empire Financial Management Company, LLC15,924$2.98M0.68%−1,310−7.6%Reduced
Stonebridge Capital Advisors LLC15,985$2.99M0.21%−548−3.3%Reduced
Mutual of America Capital Management LLC16,060$3.00M0.03%−917−5.4%Reduced
Nordwand Advisors, LLC16,300$3.05M0.48%00.0%Unchanged
OP Asset Management Ltd16,319$3.05M0.04%+950+6.2%Added
Armistice Capital, LLC16,338$3.06M0.10%+16,338New
Northwest & Ethical Investments L.P.16,770$3.14M0.07%00.0%Unchanged
Dana Investment Advisors, Inc.16,790$3.14M0.09%+75+0.4%Added
Peapack Gladstone Financial Corp16,857$3.15M0.04%−123−0.7%Reduced