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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
Rakuten Investment Management, Inc.19,955$8.40M0.03%+19,955New
Kennon-Green & Company, LLC44,534$8.33M6.47%+145+0.3%Added
Rodgers Brothers Inc.44,415$8.31M1.02%−2,046−4.4%Reduced
Arizona State Retirement System44,131$8.25M0.04%+888+2.1%Added
Qsemble Capital Management, LP44,024$8.23M0.81%+44,024New
DnB Asset Management AS43,710$8.18M0.03%+1,151+2.7%Added
Korea Investment CORP43,482$8.13M0.02%+9,235+27.0%Added
Old National Bancorp42,812$8.01M0.14%+17,439+68.7%Added
Independent Advisor Alliance42,538$7.96M0.21%+2,573+6.4%Added
State of Michigan Retirement System41,734$7.81M0.04%−200−0.5%Reduced
Monte Financial Group, LLC41,543$7.77M2.86%+178+0.4%Added
Benjamin Edwards Inc40,789$7.63M0.09%+10,206+33.4%Added
Nisa Investment Advisors, LLC40,746$7.62M0.03%−1,685−4.0%Reduced
Fifth Third Bancorp40,548$7.58M0.02%−4,675−10.3%Reduced
Tobam40,449$7.57M2.74%−2,863−6.6%Reduced
Equitable Holdings, Inc.39,444$7.38M0.05%−105−0.3%Reduced
Ashton Thomas Private Wealth, LLC39,200$7.33M0.19%+24,509+166.8%Added
Beese Fulmer Investment Management, Inc.39,052$7.30M0.50%−537−1.4%Reduced
ING Groep NV39,036$7.30M0.04%+39,036New
Cyndeo Wealth Partners, LLC38,683$7.24M0.40%+75+0.2%Added
Blair William & Co38,527$7.21M0.02%+2,242+6.2%Added
Intech Investment Management LLC38,400$7.18M0.06%−818−2.1%Reduced
Orion Investment Co38,356$7.17M2.29%+716+1.9%Added
Liberty One Investment Management, LLC38,076$7.12M0.40%+9,309+32.4%Added
Czech National Bank37,618$7.04M0.05%+1,444+4.0%Added
MetLife Investment Management37,539$7.02M0.03%−930−2.4%Reduced
Erste Asset Management GmbH38,100$7.01M0.07%+306+0.8%Added
Poehling Capital Management, LLC36,689$6.86M1.44%−153−0.4%Reduced
State of Tennessee, Treasury Department36,416$6.81M0.02%−18,196−33.3%Reduced
Teacher Retirement System of Texas36,162$6.76M0.03%+13,695+61.0%Added
CI Private Wealth, LLC35,637$6.67M0.01%−418−1.2%Reduced
Swiss Life Asset Management Ltd35,617$6.66M0.03%+689+2.0%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys35,567$6.65M0.03%−728−2.0%Reduced
Park Avenue Securities LLC35,519$6.64M0.05%+28,449+402.4%Added
Alley Investment Management Company, LLC35,508$6.64M0.77%+35,508New
Susquehanna International Group, LLP34,972$6.54M0.01%−92,308−72.5%Reduced
M&T Bank Corp34,795$6.51M0.02%−613−1.7%Reduced
Glenmede Investment Management, LP34,241$6.40M0.03%+7,888+29.9%Added
Aptus Capital Advisors, LLC34,226$6.40M0.06%−2,741−7.4%Reduced
Ilmarinen Mutual Pension Insurance Co33,500$6.27M0.05%+33,500New
Advisors Asset Management, Inc.33,486$6.26M0.11%+186+0.6%Added
HGK Asset Management Inc33,422$6.25M1.01%+3,169+10.5%Added
Dean Investment Associates, LLC33,196$6.21M0.87%−646−1.9%Reduced
Voya Investment Management LLC33,029$6.18M0.01%−14,773−30.9%Reduced
W.G. Shaheen & Associates DBA Whitney & Co32,867$6.15M0.56%−1,057−3.1%Reduced
Pathstone Holdings, LLC32,722$6.12M0.02%+3,040+10.2%Added
Merit Financial Group, LLC32,626$6.10M0.06%+830+2.6%Added
Cresset Asset Management, LLC32,456$6.07M0.03%+994+3.2%Added
Lipe & Dalton31,693$5.93M2.94%−296−0.9%Reduced
Retirement Systems of Alabama31,594$5.91M0.02%−162−0.5%Reduced
Forsta Ap-Fonden31,300$5.85M0.03%+1,600+5.4%Added
Fruth Investment Management31,214$5.84M1.58%−527−1.7%Reduced
Kestra Advisory Services, LLC30,878$5.78M0.03%+10,565+52.0%Added
USS Investment Management Ltd30,405$5.69M0.03%00.0%Unchanged
IFM Investors Pty Ltd30,131$5.67M0.05%+172+0.6%Added
Benedict Financial Advisors Inc30,117$5.63M1.22%+432+1.5%Added
Skandinaviska Enskilda Banken AB (publ)30,027$5.62M0.02%−3,304−9.9%Reduced
Portland Global Advisors LLC29,903$5.59M0.62%+325+1.1%Added
Wilkins Investment Counsel Inc29,630$5.54M0.78%−608−2.0%Reduced
Stansberry Asset Management, LLC29,593$5.54M0.58%+1,436+5.1%Added
Glassy Mountain Advisors, Inc.29,544$5.53M1.66%−458−1.5%Reduced
Westfield Capital Management Co LP29,288$5.48M0.02%+29,288New
Lighthouse Investment Partners, LLC28,887$5.40M0.19%+28,887New
Northern Oak Wealth Management Inc28,785$5.38M0.66%+5,798+25.2%Added
Amalgamated Bank28,756$5.38M0.04%−446−1.5%Reduced
Dakota Wealth Management28,520$5.33M0.11%−1,129−3.8%Reduced
CIBC World Markets Inc.28,507$5.33M0.01%−949−3.2%Reduced
TrueMark Investments, LLC28,279$5.29M0.92%+1,976+7.5%Added
Brown Advisory Inc28,145$5.26M0.01%−1,642−5.5%Reduced
Winton Group Ltd27,971$5.23M0.20%+27,971New
Employees Provident Fund Board27,500$5.14M0.04%−2,500−8.3%Reduced
Slagle Financial, LLC27,299$5.11M1.87%+982+3.7%Added
CWM, LLC26,811$5.01M0.02%−1,172−4.2%Reduced
Manning & Napier Advisors LLC26,756$5.00M0.06%−27,998−51.1%Reduced
Mercer Global Advisors Inc26,743$5.00M0.01%+5,848+28.0%Added
ProShare Advisors LLC26,367$4.93M0.01%−134−0.5%Reduced
Envestnet Portfolio Solutions, Inc.26,317$4.92M0.02%+13,133+99.6%Added
Bontempo Ohly Capital Mgmt LLC26,252$4.91M2.13%+58+0.2%Added
GWM Advisors LLC25,919$4.85M0.02%+18,195+235.6%Added
Philip James Wealth Mangement, LLC25,412$4.75M0.55%+354+1.4%Added
Northwestern Mutual Wealth Management Co25,373$4.75M0.00%+4,205+19.9%Added
Rockefeller Capital Management L.P.25,336$4.74M0.01%−2,569−9.2%Reduced
Hendley & Co Inc25,338$4.74M1.57%−960−3.7%Reduced
Advisory Services Network, LLC25,322$4.74M0.07%+508+2.0%Added
Heritage Investors Management Corp25,255$4.72M0.14%−319−1.2%Reduced
Signature Wealth Management Group24,724$4.62M1.79%−178−0.7%Reduced
Hudson Bay Capital Management LP24,617$4.60M0.03%−13,360−35.2%Reduced
Gabelli Funds LLC24,500$4.58M0.03%+7,500+44.1%Added
Parthenon LLC24,240$4.53M0.50%−275−1.1%Reduced
Dai-Ichi Life Insurance Company, Ltd24,083$4.50M0.11%+3,535+17.2%Added
Marex Group plc24,076$4.50M0.06%+24,076New
Utah Retirement Systems23,997$4.49M0.04%00.0%Unchanged
Brinker Capital Investments, LLC23,775$4.45M0.03%−3,828−13.9%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd23,661$4.43M0.04%+137+0.6%Added
Fiduciary Trust Co23,633$4.42M0.05%+652+2.8%Added
Steward Partners Investment Advisory, LLC23,481$4.39M0.03%+6,375+37.3%Added
Police & Firemen's Retirement System of New Jersey23,394$4.38M0.04%+1,409+6.4%Added
Sanctuary Advisors, LLC23,316$4.36M0.02%+1,050+4.7%Added
Appleton Partners Inc23,256$4.35M0.29%+287+1.2%Added
Daiwa Securities Group Inc.23,224$4.34M0.01%+977+4.4%Added