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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, 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
Choate Investment Advisors3,767$685.5K0.01%+1,675+80.1%Added
Formidable Asset Management, LLC3,668$686.0K0.10%−119−3.1%Reduced
BLB&B Advisors, LLC3,771$686.2K0.03%−158−4.0%Reduced
Aaron Wealth Advisors3,787$689.2K0.04%−2,116−35.8%Reduced
Legacy Capital Wealth Partners, LLC3,799$691.3K0.15%−73−1.9%Reduced
Grandview Asset Management LLC3,803$692.0K0.19%−6−0.2%Reduced
Kentucky Retirement Systems Insurance Trust Fund3,834$697.7K0.05%00.0%Unchanged
Wahed Invest LLC3,835$697.9K0.09%−141−3.5%Reduced
Valley Forge Investment Consultants Inc Adv3,850$700.6K0.20%00.0%Unchanged
Glenview Trust Co3,864$703.2K0.01%−1,896−32.9%Reduced
Hixon Zuercher, LLC3,882$706.5K0.21%−237−5.8%Reduced
Cassaday & Co Wealth Management LLC3,887$707.4K0.01%−81−2.0%Reduced
United Capital Financial Advisers, LLC3,909$711.4K0.00%+940+31.7%Added
Inscription Capital, LLC3,919$713.1K0.07%−598−13.2%Reduced
First Command Advisory Services, Inc.3,925$714.3K0.00%+10+0.3%Added
Oak Thistle LLC3,948$718.5K0.10%−11,100−73.8%Reduced
WBI Investments3,960$720.6K0.19%+3,960New
HM Payson & Co3,963$721.2K0.01%−100−2.5%Reduced
Securian Asset Management, Inc3,984$725.0K0.03%−3,036−43.2%Reduced
MUFG Securities Americas Inc.3,991$726.3K0.05%−4−0.1%Reduced
Gifford Fong Associates4,000$728.0K0.15%00.0%Unchanged
Marquette Asset Management, LLC4,006$729.0K0.11%−10−0.2%Reduced
Stonebridge Financial Group, LLC4,032$733.7K0.06%−123−3.0%Reduced
SageGuard Financial Group, LLC4,040$735.2K0.12%+4,040New
Bartlett & Co. Wealth Management LLC4,096$745.4K0.01%+4+0.1%Added
River Wealth Advisors LLC4,103$746.7K0.08%−113−2.7%Reduced
Wealth Alliance4,115$748.9K0.07%+160+4.0%Added
Philadelphia Trust Co4,119$750.0K0.05%−590−12.5%Reduced
Tectonic Advisors LLC4,139$753.2K0.04%−99−2.3%Reduced
Independent Wealth Network Inc.4,158$756.7K0.23%+72+1.8%Added
Buckingham Strategic Partners4,177$760.2K0.01%+4,177New
Schulhoff & Co Inc4,181$760.9K0.32%00.0%Unchanged
Verdence Capital Advisors LLC4,183$761.3K0.05%−130−3.0%Reduced
Master's Wealth Management Inc.4,196$763.6K0.27%+1,609+62.2%Added
Laurel Oak Wealth Management, LLC4,204$765.0K0.13%+4,204New
Gotham Asset Management, LLC4,212$766.5K0.00%−466−10.0%Reduced
Fisher Asset Management, LLC4,216$767.4K0.00%+2,766+190.8%Added
Ipsen Advisor Group LLC4,224$768.7K0.55%00.0%Unchanged
Ferguson Wellman Capital Management, Inc4,225$768.9K0.01%−3,100−42.3%Reduced
BKD Wealth Advisors, LLC4,271$777.2K0.01%−13−0.3%Reduced
PensionDanmark Pensionsforsikringsaktieselskab4,290$780.7K0.01%+4,290New
Sound View Wealth Advisors Group, LLC4,292$781.0K0.05%+4+0.1%Added
Praxis Capital Management LLC4,319$786.0K2.81%+4,319New
Fifth Third Wealth Advisors LLC4,332$788.3K0.03%−10.0%Reduced
Barr E S & Co4,347$791.1K0.04%+2,661+157.8%Added
Key Financial Inc4,362$793.8K0.14%00.0%Unchanged
Select Asset Management & Trust4,403$801.0K0.25%00.0%Unchanged
HighPoint Advisor Group LLC4,407$802.0K0.02%−44−1.0%Reduced
Farringdon Capital, Ltd.4,421$804.5K0.20%+303+7.4%Added
Wealth Group, Ltd.4,425$805.0K0.78%+4,425New
Morningstar Investment Management LLC4,442$808.0K0.05%−174−3.8%Reduced
Fundamentun, LLC4,460$811.6K0.03%+291+7.0%Added
Clearbridge Investments, LLC4,500$818.9K0.00%00.0%Unchanged
Herold Advisors, Inc.4,521$822.7K0.18%−1,291−22.2%Reduced
Jane Street Group, LLC4,548$827.6K0.00%−54,060−92.2%Reduced
Ostrum Asset Management4,568$831.3K0.04%−1,514−24.9%Reduced
Burke & Herbert Bank & Trust Co4,600$837.1K0.23%−350−7.1%Reduced
Trexquant Investment LP4,680$851.7K0.01%+4,680New
Vestcor Inc4,686$853.0K0.02%00.0%Unchanged
Northwestern Mutual Investment Management Company, LLC4,735$861.7K0.01%+14+0.3%Added
Guardian Asset Advisors, LLC4,760$866.1K0.45%+196+4.3%Added
Stock Yards Bank & Trust Co4,761$866.4K0.03%−92−1.9%Reduced
Applied Finance Capital Management, LLC4,772$868.4K0.06%+1,238+35.0%Added
Forum Financial Management, LP4,775$869.0K0.01%00.0%Unchanged
Quadrant Capital Group LLC4,781$870.0K0.03%−39−0.8%Reduced
Meyer Handelman Co4,800$873.5K0.03%00.0%Unchanged
Smith, Moore & Co.4,877$887.5K0.07%−43−0.9%Reduced
Benin Management CORP4,904$892.4K0.20%−300−5.8%Reduced
Tiaa Trust, National Association4,911$893.7K0.00%−199−3.9%Reduced
NBC Securities, Inc.4,913$894.2K0.07%−172−3.4%Reduced
Sylvest Advisors, LLC4,986$907.4K0.48%−83−1.6%Reduced
Van Cleef Asset Management,Inc4,990$908.0K0.09%−328−6.2%Reduced
North Dakota State Investment Board4,994$908.8K0.03%+4,994New
Prescott Group Capital Management, L.L.C.5,000$909.9K0.08%00.0%Unchanged
DV Trading LLC5,000$909.9K0.08%+5,000New
Lazard Asset Management LLC5,012$912.1K0.00%−36−0.7%Reduced
Dynasty Wealth Management, LLC5,013$912.2K0.01%−617−11.0%Reduced
Chilton Capital Management LLC5,045$918.1K0.03%00.0%Unchanged
Stegent Equity Advisors, Inc.5,049$918.9K0.72%−343−6.4%Reduced
Callan Family Office, LLC5,080$924.4K0.02%+1,404+38.2%Added
Drucker Wealth 3.0, LLC5,087$925.8K0.16%+220+4.5%Added
Voleon Capital Management LP5,098$927.7K0.02%+2,828+124.6%Added
Empirical Finance, LLC5,102$928.5K0.04%−217−4.1%Reduced
Rayburn West Financial Services LLC5,152$937.6K0.58%+5,152New
Oxler Private Wealth LLC5,195$945.4K0.27%+39+0.8%Added
Kingsview Wealth Management, LLC5,197$945.7K0.01%−6−0.1%Reduced
Oakworth Capital, Inc.5,200$946.3K0.05%00.0%Unchanged
SNS Financial Group, LLC5,240$953.6K0.08%−201−3.7%Reduced
Whittier Trust Co of Nevada Inc5,325$954.7K0.02%−50−0.9%Reduced
Old North State Wealth Management, LLC5,290$964.5K0.45%+522+10.9%Added
QRG Capital Management, Inc.5,320$968.1K0.01%+863+19.4%Added
Tokio Marine Asset Management Co Ltd5,333$970.5K0.03%00.0%Unchanged
Omers Administration Corp5,348$973.2K0.01%00.0%Unchanged
Busey Wealth Management5,368$976.9K0.03%−19−0.4%Reduced
Wendell David Associates Inc5,369$977.0K0.10%00.0%Unchanged
Eubel Brady & Suttman Asset Management Inc5,447$991.0K0.11%−193−3.4%Reduced
Apollon Wealth Management, LLC5,446$991.0K0.02%−655−10.7%Reduced
Pollock Investment Advisors, LLC5,450$991.8K0.73%00.0%Unchanged
McIntyre Freedman & Flynn Investment Advisers Inc5,460$993.7K0.62%−175−3.1%Reduced
Spectrum Strategic Capital Management, LLC5,473$996.0K0.53%+5,473New