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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 29 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, Q4 2025

Institutional positions in Hershey Co as of Dec 31, 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
1,415
+82 vs. Q3 2025
Shares held
127.5M
+1.23M (+1.0%) vs. Q3 2025
Total value
$23.2B
−$428.3M (−1.8%) vs. Q3 2025
New holders
175
445 more added
Sold out
93
529 more reduced

27 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 1,415 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 heldQ4 2025: $23.2B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Hershey Co; share changes are against Q3 2025.

Institutions holding HSY in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc19,067,235$3.47B0.05%+191,671+1.0%Added
BlackRock, Inc.11,915,244$2.17B0.04%−173,181−1.4%Reduced
Capital International Investors9,106,431$1.66B0.26%+169,660+1.9%Added
State Street Corp7,198,284$1.31B0.04%−54,757−0.8%Reduced
Charles Schwab Investment Management Inc5,315,653$967.3M0.15%+124,464+2.4%Added
Geode Capital Management, LLC4,831,101$876.4M0.05%+104,024+2.2%Added
Morgan Stanley3,308,408$602.1M0.04%−345,931−9.5%Reduced
Royal Bank of Canada3,080,266$560.5M0.10%+64,533+2.1%Added
Hershey Trust Co2,066,133$376.0M3.65%−860.0%Reduced
FMR LLC1,707,115$310.7M0.02%+555,238+48.2%Added
Capital Research Global Investors1,605,592$292.2M0.05%−360.0%Reduced
Northern Trust Corp1,596,394$290.5M0.04%−17,864−1.1%Reduced
Norges Bank1,497,448$272.5M0.03%+1,497,448New
JPMorgan Chase & Co1,365,092$248.4M0.02%−478,760−26.0%Reduced
UBS Group AG1,336,278$243.2M0.05%−483,824−26.6%Reduced
Invesco Ltd.1,332,020$242.4M0.02%+75,258+6.0%Added
UBS Asset Management Americas Inc1,331,730$242.3M0.05%+390,058+41.4%Added
Balyasny Asset Management LLC1,278,881$232.7M0.44%+767,478+150.1%Added
Bank of America Corp1,268,531$230.8M0.02%−204,896−13.9%Reduced
Stifel Financial Corp1,227,230$223.3M0.20%+3,286+0.3%Added
Dimensional Fund Advisors LP1,190,694$216.7M0.05%+48,904+4.3%Added
Bank of New York Mellon Corp1,137,082$206.9M0.04%+195,500+20.8%Added
Marshall Wace, LLP1,057,476$192.4M0.19%+893,940+546.6%Added
Envestnet Asset Management Inc1,031,007$187.6M0.06%−73,292−6.6%Reduced
Citadel Advisors LLC1,029,731$187.4M0.13%−1,478,904−59.0%Reduced
Van Eck Associates Corp1,024,014$186.3M0.15%−7,025−0.7%Reduced
Legal & General Group Plc1,001,916$182.3M0.04%−22,719−2.2%Reduced
Massachusetts Financial Services Co705,533$128.4M0.04%−31,002−4.2%Reduced
Confluence Investment Management LLC697,914$127.0M1.90%−57,221−7.6%Reduced
Squarepoint Ops LLC676,349$123.1M0.25%+481,727+247.5%Added
Goldman Sachs Group Inc640,118$116.5M0.02%+62,574+10.8%Added
Wells Fargo & Company626,618$114.0M0.02%+84,752+15.6%Added
Amundi620,492$112.9M0.03%+26,764+4.5%Added
Pacer Advisors, Inc.586,141$106.7M0.28%+573,339+4,478.5%Added
Equity Investment Corp564,201$102.7M2.07%+4,576+0.8%Added
Deutsche Bank AG554,907$101.0M0.03%+117,744+26.9%Added
Raymond James Financial Inc528,375$96.2M0.03%+20,726+4.1%Added
LPL Financial LLC512,173$93.2M0.03%+16,564+3.3%Added
Nomura Asset Management International Inc.498,325$90.7M0.14%+498,325New
Scharf Investments, LLC495,776$90.2M2.42%−38,244−7.2%Reduced
American Century Companies Inc453,391$82.5M0.04%−84,285−15.7%Reduced
Bank of Montreal429,918$78.2M0.03%+206,214+92.2%Added
Barclays PLC429,640$78.2M0.03%+31,625+7.9%Added
Victory Capital Management Inc406,845$74.0M0.04%+62,280+18.1%Added
US Bancorp406,592$74.0M0.09%−1,703−0.4%Reduced
Swiss National Bank405,900$73.9M0.04%−20,700−4.9%Reduced
Readystate Asset Management LP395,652$72.0M3.19%+395,652New
Douglas Lane & Associates, LLC388,518$70.7M0.97%+40,353+11.6%Added
California Public Employees Retirement System379,675$69.1M0.04%−75,202−16.5%Reduced
Sumitomo Mitsui Trust Holdings, Inc.345,150$62.8M0.04%−21,013−5.7%Reduced
Citigroup Inc333,460$60.7M0.04%+53,154+19.0%Added
Rhumbline Advisers331,856$60.4M0.05%+972+0.3%Added
Alyeska Investment Group, L.P.330,030$60.1M0.17%+243,097+279.6%Added
Nuveen, LLC327,751$59.6M0.02%+17,613+5.7%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.314,060$57.3M0.04%+13,965+4.7%Added
Neuberger Berman Group LLC307,361$55.9M0.04%+95,160+44.8%Added
HSBC Holdings PLC303,323$55.2M0.03%−2,442−0.8%Reduced
Franklin Resources Inc300,803$54.7M0.01%+13,869+4.8%Added
BNP Paribas Arbitrage, SA278,913$50.8M0.03%+35,274+14.5%Added
The PNC Financial Services Group, Inc.277,075$50.4M0.03%−628−0.2%Reduced
Westwood Holdings Group Inc.275,147$50.1M0.41%−80,119−22.6%Reduced
Colony Group, LLC262,119$47.7M0.05%+52,213+24.9%Added
First Trust Advisors LP260,903$47.5M0.03%−1,001,768−79.3%Reduced
Anchor Capital Advisors LLC249,814$45.5M1.32%−3,417−1.3%Reduced
California State Teachers Retirement System249,418$45.4M0.05%−4,230−1.7%Reduced
Canada Pension Plan Investment Board248,602$45.2M0.03%+165,056+197.6%Added
Ameriprise Financial Inc270,582$45.1M0.01%+122,011+82.1%Added
Mawer Investment Management Ltd.246,199$44.8M0.25%+1,204+0.5%Added
Clark Capital Management Group, Inc.243,785$44.4M0.27%+6,073+2.6%Added
National Pension Service235,954$42.9M0.03%+2,376+1.0%Added
Holocene Advisors, LP231,411$42.1M0.09%−989,581−81.0%Reduced
Principal Financial Group Inc231,142$42.1M0.02%−448,406−66.0%Reduced
TD Asset Management Inc220,465$40.1M0.03%−41,433−15.8%Reduced
Price T Rowe Associates Inc215,612$39.2M0.00%−439−0.2%Reduced
Engineers Gate Manager LP208,301$37.9M0.45%+81,675+64.5%Added
AQR Capital Management LLC199,879$36.4M0.02%+3,179+1.6%Added
Check Capital Management Inc190,689$34.7M2.07%+1,520+0.8%Added
Bessemer Group Inc188,137$34.2M0.05%−8,279−4.2%Reduced
Two Sigma Investments, LP186,556$33.9M0.05%+163,531+710.2%Added
Nordea Investment Management AB185,314$33.9M0.03%+165,458+833.3%Added
Willis Investment Counsel180,544$32.9M1.70%+2,766+1.6%Added
Great West Life Assurance Co179,755$32.8M0.06%−15,119−7.8%Reduced
Millennium Management LLC179,378$32.6M0.02%−372,793−67.5%Reduced
Silvercrest Asset Management Group LLC167,689$30.5M0.21%−54,139−24.4%Reduced
Alliancebernstein L.P.166,426$30.3M0.01%−33,478−16.7%Reduced
Mirae Asset Global Investments Co., Ltd.158,822$28.9M0.08%+534+0.3%Added
Zacks Investment Management157,096$28.6M0.22%+1,941+1.3%Added
Mitsubishi UFJ Trust & Banking Corp156,303$28.4M0.07%+21,995+16.4%Added
Storebrand Asset Management AS151,549$27.6M0.07%−3,164−2.0%Reduced
MML Investors Services, LLC148,031$26.9M0.07%+7,089+5.0%Added
Swedbank AB146,985$26.7M0.03%+1,456+1.0%Added
Azimuth Capital Investment Management LLC146,663$26.7M0.96%+124,273+555.0%Added
Berkshire Asset Management LLC146,154$26.6M1.17%−1,763−1.2%Reduced
Russell Investments Group, Ltd.144,042$26.2M0.03%−4,347−2.9%Reduced
National Bank of Canada140,532$25.6M0.03%+68,694+95.6%Added
Woodline Partners LP137,468$25.0M0.10%+117,893+602.3%Added
Arbejdsmarkedets Tillaegspension130,098$23.7M0.60%+130,098New
Ensign Peak Advisors, Inc129,954$23.6M0.04%−20,868−13.8%Reduced
State Board of Administration of Florida Retirement System127,850$23.3M0.04%+180+0.1%Added
Smith Chas P & Associates Pa Cpas127,517$23.2M1.22%+41,241+47.8%Added