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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
Susquehanna Fundamental Investments, LLC126,379$23.0M0.78%−21,777−14.7%Reduced
Schroder Investment Management Group126,028$22.9M0.02%−2,746−2.1%Reduced
Rheos Capital Works Inc.124,000$22.6M1.45%−100,000−44.6%Reduced
Aviva PLC123,960$22.6M0.04%+6,329+5.4%Added
Zurcher Kantonalbank (Zurich Cantonalbank)123,814$22.5M0.05%+48,962+65.4%Added
Korea Investment CORP122,293$22.3M0.04%+78,811+181.2%Added
Amussen Hunsaker Associates LLC119,482$21.7M2.23%−2,317−1.9%Reduced
Toroso Investments, LLC119,427$21.7M0.09%−21,470−15.2%Reduced
CORDA Investment Management, LLC.118,139$21.5M1.56%+4,393+3.9%Added
Cetera Investment Advisers117,463$21.4M0.02%+4,971+4.4%Added
St. James Investment Company, LLC113,593$20.7M3.32%−684−0.6%Reduced
Susquehanna Portfolio Strategies, LLC113,529$20.7M0.32%+9,800+9.4%Added
Arrowstreet Capital, Limited Partnership112,587$20.5M0.01%+112,587New
New York State Teachers Retirement System111,396$20.3M0.04%00.0%Unchanged
KLP Kapitalforvaltning AS110,995$20.2M0.08%−20,600−15.7%Reduced
Standard Life Aberdeen plc110,341$20.1M0.03%+1,213+1.1%Added
Quantinno Capital Management LP109,693$20.0M0.04%−10,863−9.0%Reduced
BI Asset Management Fondsmaeglerselskab A/S106,649$19.4M0.17%+49,927+88.0%Added
Janney Montgomery Scott LLC106,114$19.3M0.04%−125−0.1%Reduced
Adage Capital Partners GP, L.L.C.102,785$18.7M0.03%−11,000−9.7%Reduced
New York State Common Retirement Fund100,700$18.3M0.02%00.0%Unchanged
Royal London Asset Management Ltd100,621$18.3M0.04%+2,130+2.2%Added
Universal- Beteiligungs- und Servicegesellschaft mbH100,197$18.3M0.03%+10,263+11.4%Added
HighTower Advisors, LLC98,183$17.9M0.02%−2,207−2.2%Reduced
Heartland Advisors Inc97,178$17.7M0.95%−10,006−9.3%Reduced
PBU - The Pension Fund of Early Childhood & Youth Educators96,029$17.5M0.25%+96,029New
State of Tennessee, Treasury Department89,063$17.3M0.06%+52,647+144.6%Added
STRS Ohio94,190$17.1M0.06%+78,307+493.0%Added
Manufacturers Life Insurance Company, The91,350$16.6M0.01%−726−0.8%Reduced
State of Wisconsin Investment Board89,002$16.2M0.04%−247−0.3%Reduced
Asset Management One Co.,Ltd.87,055$15.7M0.04%−1,309−1.5%Reduced
Madison Asset Management, LLC85,914$15.6M0.18%−1,152−1.3%Reduced
Bryn Mawr Trust Co85,483$15.6M0.37%−23,423−21.5%Reduced
Capital International Inc85,393$15.5M0.12%+10,233+13.6%Added
Truist Financial Corp84,373$15.4M0.02%+2,274+2.8%Added
PFA Pension, Forsikringsaktieselskab83,307$15.2M0.04%+83,307New
Advisors Capital Management, LLC83,288$15.2M0.18%+78,313+1,574.1%Added
Skba Capital Management LLC82,110$14.9M2.12%+6,780+9.0%Added
Chevy Chase Trust Holdings, Inc.78,775$14.3M0.04%−540−0.7%Reduced
Danske Bank A/S78,272$14.2M0.03%+1,600+2.1%Added
SEI Investments Co78,022$14.2M0.01%+10,510+15.6%Added
Mackenzie Financial Corp77,807$14.1M0.02%+2,917+3.9%Added
Cambridge Investment Research Advisors, Inc.77,086$14.0M0.04%−1,909−2.4%Reduced
Handelsbanken Fonder AB76,444$13.9M0.04%+15,231+24.9%Added
Advisor Group Holdings, Inc.75,757$13.8M0.02%−10,876−12.6%Reduced
Susquehanna International Group, LLP75,831$13.8M0.02%+40,859+116.8%Added
Public Employees Retirement System of Ohio74,654$13.6M0.04%+2,433+3.4%Added
Foster Victor Wealth Advisors, LLC68,421$13.5M0.79%+3,382+5.2%Added
Illinois Municipal Retirement Fund73,905$13.4M0.17%+7,607+11.5%Added
Prudential Financial Inc73,485$13.4M0.02%−10,386−12.4%Reduced
Toronto Dominion Bank73,191$13.3M0.02%+16,924+30.1%Added
Isthmus Partners, LLC72,381$13.2M1.46%−156−0.2%Reduced
Beacon Pointe Advisors, LLC71,574$13.0M0.09%+3,794+5.6%Added
Commonwealth Equity Services, LLC71,417$13.0M0.02%−4,445−5.9%Reduced
Creative Planning70,844$12.9M0.01%−5,807−7.6%Reduced
Verition Fund Management LLC70,554$12.8M0.07%+20,220+40.2%Added
KBC Group NV69,477$12.6M0.03%+5,033+7.8%Added
Eurizon Capital SGR S.p.A.67,765$12.3M0.04%+67,765New
Mairs & Power Inc67,608$12.3M0.12%−3,685−5.2%Reduced
Markel Group Inc.SuperinvestorMarkel Group67,500$12.3M0.10%+13,000+23.9%Added
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund67,419$12.3M0.10%−5,000−6.9%Reduced
Brookstone Capital Management65,969$12.0M0.14%−2,737−4.0%Reduced
Pictet Asset Management Holding SA65,748$12.0M0.01%+888+1.4%Added
Miramar Capital, LLC65,414$11.9M2.60%+678+1.0%Added
Wealthfront Advisers LLC63,936$11.6M0.03%+6,865+12.0%Added
CIBC Asset Management Inc63,587$11.6M0.03%+16,047+33.8%Added
Assenagon Asset Management S.A.62,867$11.4M0.02%+59,513+1,774.4%Added
Bridges Investment Management Inc62,279$11.3M0.14%−3,319−5.1%Reduced
Wealth Enhancement Advisory Services, LLC63,090$11.3M0.02%−11,878−15.8%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.61,920$11.3M0.01%+39,358+174.4%Added
Natixis Advisors, L.P.61,539$11.2M0.02%+11,608+23.2%Added
Treasurer of the State of North Carolina61,040$11.1M0.04%−4,455−6.8%Reduced
La Banque Postale Asset Management SA60,981$11.1M0.13%+60,981New
Forsta Ap-Fonden60,400$11.0M0.07%+29,100+93.0%Added
Nomura Asset Management Co Ltd59,685$10.9M0.03%+8,439+16.5%Added
DRH Investments, Inc.58,460$10.6M9.74%+456+0.8%Added
Resona Asset Management Co.,Ltd.57,631$10.5M0.05%−684−1.2%Reduced
CapWealth Advisors, LLC57,533$10.5M0.72%−2,589−4.3%Reduced
Mn Services Vermogensbeheer B.V.56,610$10.3M0.06%+641+1.1%Added
Grimes & Company, Inc.56,201$10.2M0.24%−545−1.0%Reduced
Oppenheimer & Co Inc56,091$10.2M0.14%−4,887−8.0%Reduced
Allianz SE55,741$10.1M0.13%00.0%Unchanged
CIBC World Markets Corp54,010$9.83M0.05%+54,010New
DekaBank Deutsche Girozentrale45,821$9.78M0.02%00.0%Unchanged
Comerica Bank53,287$9.70M0.04%−2,549−4.6%Reduced
Stephens Inc52,405$9.65M0.12%−5,340−9.2%Reduced
Umb Bank N A52,642$9.58M0.13%−32−0.1%Reduced
Logan Capital Management Inc52,300$9.52M0.40%00.0%Unchanged
Lawson Kroeker Investment Management Inc51,571$9.38M2.79%−3,618−6.6%Reduced
State of New Jersey Common Pension Fund D50,904$9.26M0.03%−455−0.9%Reduced
Cerity Partners LLC50,599$9.21M0.01%−991−1.9%Reduced
GW Henssler & Associates Ltd50,382$9.17M0.44%+3,052+6.4%Added
JLB & Associates Inc49,922$9.08M1.23%−5,826−10.5%Reduced
Bank Julius Baer & Co. Ltd, Zurich49,755$9.06M0.03%−7,381−12.9%Reduced
Hudson Bay Capital Management LP48,817$8.88M0.05%+24,200+98.3%Added
Lansforsakringar Fondforvaltning AB (publ)48,317$8.79M0.04%−3,079−6.0%Reduced
Palisade Asset Management, LLC47,697$8.68M0.85%−7,612−13.8%Reduced
Soltis Investment Advisors LLC47,056$8.56M0.56%+1,852+4.1%Added
Baird Financial Group, Inc.46,472$8.46M0.01%+1,015+2.2%Added
Aquatic Capital Management LLC45,805$8.34M0.24%−3,748−7.6%Reduced