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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 28 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
Allegheny Financial Group LTD8,066$1.47M0.22%+25+0.3%Added
Wallace Capital Management Inc.8,135$1.48M0.18%−515−6.0%Reduced
Norinchukin Bank, The8,169$1.49M0.02%+380+4.9%Added
Smithfield Trust Co8,192$1.49M0.07%00.0%Unchanged
Buttonwood Financial Advisors Inc.8,231$1.50M0.50%+525+6.8%Added
Lafayette Investments, Inc.8,251$1.50M0.28%−437−5.0%Reduced
Fragasso Group Inc.8,308$1.51M0.09%−914−9.9%Reduced
TD Private Client Wealth LLC8,396$1.53M0.03%−2,549−23.3%Reduced
DoubleLine ETF Adviser LP8,416$1.53M0.46%+415+5.2%Added
Commerce Bank8,422$1.53M0.01%+211+2.6%Added
R.H. Dinel Investment Counsel, Inc.8,470$1.54M1.13%−2,420−22.2%Reduced
GAMMA Investing LLC8,479$1.54M0.08%−750−8.1%Reduced
Owlhouse Capital LP8,500$1.55M1.71%+8,500New
Tevis Investment Management8,277$1.55M0.93%00.0%Unchanged
Hartford Investment Management Co8,552$1.56M0.05%−126−1.5%Reduced
HBW Advisory Services LLC8,656$1.58M0.17%−780−8.3%Reduced
CoreCap Advisors, LLC8,657$1.58M0.06%+36+0.4%Added
Global Retirement Partners, LLC8,733$1.59M0.03%+1,086+14.2%Added
Bradley Foster & Sargent Inc8,804$1.60M0.02%+32+0.4%Added
Acadian Asset Management LLC8,831$1.61M0.00%00.0%Unchanged
Thrivent Financial for Lutherans8,859$1.61M0.00%−3,348−27.4%Reduced
Summit Trail Advisors, LLC9,004$1.64M0.03%−863−8.7%Reduced
Farther Finance Advisors, LLC9,081$1.65M0.02%+185+2.1%Added
Kentucky Retirement Systems9,146$1.66M0.05%00.0%Unchanged
Precedent Wealth Partners, LLC9,157$1.67M0.35%+827+9.9%Added
Savant Capital, LLC9,202$1.67M0.01%+131+1.4%Added
Bridgewater Associates, LP9,272$1.69M0.01%+348+3.9%Added
Hutner Capital Management Inc9,284$1.69M0.71%+766+9.0%Added
Folger Nolan Fleming Douglas Capital Management, Inc9,358$1.70M0.17%00.0%Unchanged
Concurrent Investment Advisors, LLC9,424$1.72M0.02%+4,516+92.0%Added
Harbour Investments, Inc.9,440$1.72M0.03%+4,158+78.7%Added
Texas Yale Capital Corp.9,460$1.72M0.05%+4,500+90.7%Added
RiverFront Investment Group, LLC9,486$1.73M0.03%+4,198+79.4%Added
ING Groep NV9,494$1.73M0.01%−29,542−75.7%Reduced
Lido Advisors, LLC9,269$1.73M0.01%+354+4.0%Added
Axxcess Wealth Management, LLC9,541$1.74M0.03%−4,993−34.4%Reduced
Exchange Traded Concepts, LLC9,569$1.74M0.01%−387−3.9%Reduced
Commonwealth Retirement Investments LLC9,632$1.75M0.56%−20−0.2%Reduced
Panagora Asset Management Inc9,703$1.77M0.01%−80−0.8%Reduced
Castle Rock Wealth Management, LLC8,862$1.79M0.39%+10.0%Added
Verity & Verity, LLC9,866$1.80M0.14%−1,225−11.0%Reduced
Physicians Financial Services, Inc.9,908$1.80M0.48%−676−6.4%Reduced
Loring Wolcott & Coolidge Fiduciary Advisors LLP9,426$1.81M0.02%−5,381−36.3%Reduced
Westhampton Capital, LLC9,927$1.81M0.85%00.0%Unchanged
Davis R M Inc9,966$1.81M0.03%−730−6.8%Reduced
Crossmark Global Holdings, Inc.10,003$1.82M0.03%+3,119+45.3%Added
Banco Bilbao Vizcaya Argentaria, S.A.10,086$1.84M0.01%+496+5.2%Added
We Are One Seven, LLC10,127$1.84M0.04%−461−4.4%Reduced
Generali Asset Management SPA SGR10,254$1.87M0.04%−6,709−39.6%Reduced
Bell Bank10,299$1.87M0.08%+10,299New
Candriam Luxembourg S.C.A.10,314$1.88M0.01%−391−3.7%Reduced
Lantz Financial LLC10,384$1.89M0.40%−185−1.8%Reduced
Hussman Strategic Advisors, Inc.10,500$1.91M0.46%00.0%Unchanged
Maverick Capital LtdSuperinvestorMaverick Capital10,500$1.91M0.02%+10,500New
Vident Advisory, LLC10,516$1.91M0.02%+2,140+25.5%Added
CIBC Private Wealth Group, LLC10,566$1.92M0.00%+405+4.0%Added
Commerzbank Aktiengesellschaft10,634$1.94M0.04%00.0%Unchanged
Virtu Financial LLC10,788$1.96M0.08%+9,051+521.1%Added
Davenport & Co LLC10,920$1.99M0.01%−305−2.7%Reduced
Janus Henderson Group PLC10,993$2.00M0.00%+976+9.7%Added
Robeco Institutional Asset Management B.V.11,069$2.01M0.00%+1,521+15.9%Added
Allstate Corp11,082$2.02M0.03%+5,728+107.0%Added
Harvest Investment Advisors, LLC11,107$2.02M1.15%−190−1.7%Reduced
Prospera Financial Services Inc11,129$2.03M0.03%+699+6.7%Added
Meadowbrook Advisors Group, LLC11,147$2.03M1.14%+11,147New
Mizuho Securities USA LLC10,789$2.03M0.03%+20.0%Added
Knollwood Investment Advisory, LLC11,209$2.04M0.19%00.0%Unchanged
O'Domhnaill Enterprises, Inc.11,226$2.04M1.91%+11,226New
ICW Investment Advisors LLC11,363$2.07M0.75%−97−0.8%Reduced
Hazlett, Burt & Watson, Inc.11,436$2.08M0.66%+87+0.8%Added
NewEdge Wealth, LLC11,572$2.11M0.02%+3,659+46.2%Added
Teachers Retirement System of the State of Kentucky11,588$2.11M0.02%00.0%Unchanged
Studio Investment Management LLC11,651$2.12M0.39%+145+1.3%Added
Ami Investment Management Inc11,654$2.12M0.48%−1,334−10.3%Reduced
Siemens Fonds Invest GmbH11,733$2.14M0.11%−3,441−22.7%Reduced
IFG Advisory, LLC11,864$2.16M0.09%−597−4.8%Reduced
NorthCrest Asset Manangement, LLC12,028$2.16M0.05%−880−6.8%Reduced
Tudor Financial Inc.11,915$2.17M1.11%00.0%Unchanged
Allianz Asset Management GmbH11,921$2.17M0.00%+2,127+21.7%Added
Capstone Investment Advisors, LLC11,938$2.17M0.02%+6,474+118.5%Added
Greenleaf Trust11,941$2.17M0.02%+36+0.3%Added
Horizon Investments, LLC12,128$2.21M0.03%−169−1.4%Reduced
Central Trust Co12,242$2.23M0.04%−247−2.0%Reduced
Next Level Private LLC12,251$2.23M0.58%00.0%Unchanged
Ashton Thomas Securities, LLC12,253$2.23M0.42%−447−3.5%Reduced
Jamison Private Wealth Management, Inc.12,287$2.24M0.27%+421+3.5%Added
Valeo Financial Advisors, LLC12,368$2.25M0.05%−2,644−17.6%Reduced
Bahl & Gaynor Inc12,377$2.25M0.01%−1,089−8.1%Reduced
Rafferty Asset Management, LLC12,408$2.26M0.01%−216−1.7%Reduced
Kentucky Farm Bureau Mutual Insurance Co12,500$2.27M0.61%00.0%Unchanged
Absher Wealth Management, LLC12,571$2.29M0.27%−1,049−7.7%Reduced
MAI Capital Management12,621$2.30M0.01%+900+7.7%Added
Dearborn Partners LLC12,687$2.31M0.12%−139−1.1%Reduced
Concentric Capital Strategies, LP12,720$2.31M0.12%+12,720New
Cim, LLC12,725$2.32M0.30%+144+1.1%Added
Laird Norton Trust Company, LLC12,815$2.33M0.05%+12,815New
Wellington Management Group LLP12,892$2.35M0.00%+6,931+116.3%Added
Picton Mahoney Asset Management12,990$2.36M0.03%+15+0.1%Added
Quinn Opportunity Partners LLC13,000$2.37M0.10%+13,000New
Culbertson A N & Co Inc13,159$2.39M0.33%−928−6.6%Reduced