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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
Ilmarinen Mutual Pension Insurance Co23,500$4.28M0.03%−10,000−29.9%Reduced
Hamel Associates, Inc.23,483$4.27M1.29%+410+1.8%Added
Jones Financial Companies LLLP23,314$4.24M0.00%+1,493+6.8%Added
Northwestern Mutual Wealth Management Co23,150$4.21M0.00%−2,223−8.8%Reduced
Hendley & Co Inc23,138$4.21M1.51%−2,200−8.7%Reduced
Ashton Thomas Private Wealth, LLC23,033$4.19M0.10%−16,167−41.2%Reduced
Birmingham Capital Management Co Inc22,775$4.14M1.83%−300−1.3%Reduced
Manning & Napier Advisors LLC22,603$4.12M0.05%−4,153−15.5%Reduced
Mediolanum International Funds Ltd22,546$4.11M0.04%+7,180+46.7%Added
Elevate Capital Advisors, LLC22,549$4.10M2.71%+1,281+6.0%Added
Dai-Ichi Life Insurance Company, Ltd22,547$4.10M0.11%−1,536−6.4%Reduced
Police & Firemen's Retirement System of New Jersey22,326$4.06M0.03%−1,068−4.6%Reduced
Brinker Capital Investments, LLC22,284$4.06M0.03%−1,491−6.3%Reduced
Liberty One Investment Management, LLC22,041$4.01M0.51%−16,035−42.1%Reduced
Virginia Wealth Management Group, Inc.22,032$4.01M2.34%+337+1.6%Added
Baypointe Partners LLC21,939$3.99M8.39%−65,561−74.9%Reduced
Ironwood Investment Counsel, LLC21,778$3.96M0.55%−122−0.6%Reduced
Appleton Partners Inc21,750$3.96M0.26%−1,506−6.5%Reduced
ASR Vermogensbeheer N.V.21,586$3.93M0.05%−187−0.9%Reduced
New York Life Investment Management LLC21,526$3.92M0.03%−190−0.9%Reduced
Econ Financial Services Corp21,476$3.91M1.96%+774+3.7%Added
L & S Advisors Inc21,436$3.90M0.36%+21,436New
Quantbot Technologies LP21,277$3.87M0.13%+21,241+59,002.8%Added
LaFleur & Godfrey LLC21,212$3.86M0.47%−455−2.1%Reduced
Hamilton Point Investment Advisors, LLC20,740$3.77M0.57%+13+0.1%Added
Eliot Finkel Investment Counsel, LLC20,525$3.74M2.29%−260−1.3%Reduced
Capital Group Private Client Services, Inc.20,421$3.72M0.06%−657−3.1%Reduced
Citizens Financial Group Inc20,330$3.70M0.05%+9,286+84.1%Added
AMG National Trust Bank20,309$3.70M0.09%00.0%Unchanged
Bright Rock Capital Management, LLC20,000$3.64M0.72%00.0%Unchanged
O'Shaughnessy Asset Management, LLC19,993$3.64M0.02%−3,025−13.1%Reduced
Nissay Asset Management Corp19,935$3.63M0.02%−32−0.2%Reduced
Azzad Asset Management Inc19,673$3.58M0.35%+9,661+96.5%Added
Wiley Bros.-Aintree Capital, LLC19,634$3.57M0.02%+1,846+10.4%Added
Shelton Capital Management19,526$3.55M0.07%00.0%Unchanged
Rakuten Investment Management, Inc.19,647$3.55M0.01%−308−1.5%Reduced
SevenBridge Financial Group, LLC18,657$3.54M0.57%−1,244−6.3%Reduced
Occidental Asset Management, LLC19,387$3.53M0.42%+1,234+6.8%Added
Mesirow Financial Investment Management, Inc.19,369$3.52M0.07%−584−2.9%Reduced
JustInvest LLC19,325$3.52M0.03%−1,689−8.0%Reduced
William Allan, LLC19,242$3.50M1.99%+775+4.2%Added
Public Sector Pension Investment Board19,217$3.50M0.01%+6,300+48.8%Added
Concorde Financial Corp17,304$3.49M2.70%−167−1.0%Reduced
State of Alaska, Department of Revenue18,888$3.44M0.04%−1,160−5.8%Reduced
Principal Securities, Inc.18,880$3.44M0.05%+1,586+9.2%Added
Woodstock Corp18,811$3.42M0.29%−2,045−9.8%Reduced
Bragg Financial Advisors, Inc18,717$3.41M0.11%+458+2.5%Added
Macquarie Group Ltd18,709$3.40M0.01%−578,421−96.9%Reduced
Andra AP-fonden18,601$3.39M0.04%+16,201+675.0%Added
Cape Cod Five Cents Savings Bank17,441$3.34M0.31%00.0%Unchanged
Northwest & Ethical Investments L.P.18,283$3.33M0.07%+1,513+9.0%Added
Sagewood Asset Management LP17,897$3.26M1.16%+17,897New
Yousif Capital Management, LLC16,354$3.25M0.04%−739−4.3%Reduced
Woodbridge Co Ltd17,751$3.23M0.01%+17,751New
Sage Capital Advisors,llc17,654$3.21M0.76%−51−0.3%Reduced
BNP Paribas17,562$3.20M0.09%+17,520+41,714.3%Added
Atria Investments LLC17,338$3.16M0.04%+291+1.7%Added
Vontobel Holding Ltd.17,322$3.15M0.01%−880−4.8%Reduced
Mirae Asset Global ETFs Holdings Ltd.17,306$3.15M0.00%−1,270−6.8%Reduced
Hennessy Advisors Inc17,200$3.13M0.11%−300−1.7%Reduced
44 Wealth Management LLC17,154$3.12M1.05%−820−4.6%Reduced
Amica Mutual Insurance Co17,075$3.11M0.27%00.0%Unchanged
Oregon Public Employees Retirement Fund16,971$3.09M0.04%00.0%Unchanged
UniSuper Management Pty Ltd16,931$3.08M0.02%−572−3.3%Reduced
Coston, McIsaac & Partners16,916$3.08M0.71%−2,896−14.6%Reduced
Ancora Advisors, LLC16,866$3.07M0.06%−1,733−9.3%Reduced
Capital International Sarl16,702$3.04M0.05%−389−2.3%Reduced
Johnson Investment Counsel Inc16,622$3.02M0.02%−3,051−15.5%Reduced
Stonebridge Capital Advisors LLC16,516$3.01M0.21%+531+3.3%Added
Peapack Gladstone Financial Corp16,512$3.00M0.04%−345−2.0%Reduced
Assetmark, Inc16,351$2.98M0.01%+1,162+7.7%Added
OP Asset Management Ltd16,319$2.97M0.04%00.0%Unchanged
Nordwand Advisors, LLC16,300$2.97M0.52%00.0%Unchanged
NEOS Investment Management LLC16,188$2.95M0.02%+2,489+18.2%Added
Agf Management Ltd16,150$2.94M0.01%−2,011−11.1%Reduced
Dana Investment Advisors, Inc.16,140$2.94M0.09%−650−3.9%Reduced
Empire Financial Management Company, LLC16,026$2.92M0.63%+102+0.6%Added
Gabelli Funds LLC16,000$2.91M0.02%−8,500−34.7%Reduced
Promethium Advisors,llc15,998$2.91M1.57%+633+4.1%Added
Burney Co15,974$2.91M0.09%+71+0.4%Added
Mutual of America Capital Management LLC15,914$2.90M0.03%−146−0.9%Reduced
Fideuram Asset Management (Ireland) dac16,704$2.86M0.23%+16,704New
Summit Place Financial Advisors, LLC15,320$2.79M1.35%−99−0.6%Reduced
Cypress Advisory Group LLC15,106$2.75M2.02%+11+0.1%Added
Jefferies Financial Group Inc.15,078$2.74M0.02%+15,078New
Inkwell Capital LLC15,009$2.73M2.77%−3,670−19.6%Reduced
Regions Financial Corp14,972$2.72M0.02%−6,111−29.0%Reduced
D.A. Davidson & Co.14,862$2.70M0.02%−482−3.1%Reduced
Private Advisor Group, LLC14,755$2.69M0.01%−558−3.6%Reduced
Eukles Asset Management14,659$2.67M1.04%−83−0.6%Reduced
Avanza Fonder AB14,525$2.64M0.07%00.0%Unchanged
Public Employees Retirement Association of Colorado14,448$2.63M0.01%00.0%Unchanged
Captrust Financial Advisors14,347$2.61M0.00%+503+3.6%Added
Keybank National Association14,236$2.59M0.01%+1,410+11.0%Added
LVM Capital Management Ltd14,212$2.59M0.24%−1,457−9.3%Reduced
Intech Investment Management LLC14,209$2.59M0.02%−24,191−63.0%Reduced
Callahan Advisors, LLC14,155$2.58M0.21%−1,659−10.5%Reduced
Moors & Cabot, Inc.14,092$2.56M0.11%+609+4.5%Added
Sowell Financial Services LLC14,062$2.56M0.09%−1,325−8.6%Reduced
Federation des caisses Desjardins du Quebec14,007$2.55M0.01%+991+7.6%Added