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1,472 hedge funds and large institutions have $25.9B invested in Hershey in 2026 Q1 according to their latest regulatory filings, with 193 funds opening new positions, 538 increasing their positions, 467 reducing their positions, and 110 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 193 | Existing positions closed: 110

35% more call options, than puts

Call options by funds: $307M | Put options by funds: $228M

27% more funds holding in top 10

Funds holding in top 10: 1114 (+3)

15% more repeat investments, than reductions

Existing positions increased: 538 | Existing positions reduced: 467

12% more capital invested

Capital invested by funds: $23.2B → $25.9B (+$2.67B)

4% more funds holding

Funds holding: 1,4131,472 (+59)

2.04% less ownership

Funds ownership: 86.12%84.07% (-2%)

Holders
1,472
Holders Change
+59
Holders Change %
+4.18%
% of All Funds
18.1%
Holding in Top 10
14
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+27.27%
% of All Funds
0.17%
New
193
Increased
538
Reduced
467
Closed
110
Calls
$307M
Puts
$228M
Net Calls
+$79.3M
Net Calls Change
+$33.2M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$2.66B +$182M +865,242 +7%
VCM
2
Vanguard Capital Management
Pennsylvania
$2B +$2.03B +9,626,691 New
State Street
3
State Street
Massachusetts
$1.52B +$25.7M +121,771 +2%
VPM
4
Vanguard Portfolio Management
Pennsylvania
$1.5B +$1.52B +7,204,428 New
Charles Schwab
5
Charles Schwab
California
$894M -$214M -1,016,903 -19%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$869M -$134M -635,549 -13%
Morgan Stanley
7
Morgan Stanley
New York
$820M +$134M +634,457 +19%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$631M -$9.24M -43,810 -1%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$622M +$271M +1,283,305 +75%
Capital World Investors
10
Capital World Investors
California
$572M +$580M +2,750,000 New
Capital Research Global Investors
11
Capital Research Global Investors
California
$495M +$164M +777,101 +48%
Two Sigma Investments
12
Two Sigma Investments
New York
$411M +$377M +1,788,649 +959%
HTC
13
Hershey Trust Company
Pennsylvania
$405M -$25.3M -120,014 -6%
Northern Trust
14
Northern Trust
Illinois
$370M +$38.6M +183,094 +11%
Invesco
15
Invesco
Georgia
$354M +$78.1M +370,423 +28%
JP Morgan Chase
16
JP Morgan Chase
New York
$326M +$33.9M +160,768 +12%
Bank of America
17
Bank of America
North Carolina
$290M +$26.8M +127,113 +10%
Stifel Financial
18
Stifel Financial
Missouri
$254M -$1.61M -7,632 -0.6%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$252M +$4.17M +19,772 +2%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$237M +$557K +2,639 +0.2%
UBS Group
21
UBS Group
Switzerland
$228M -$50.4M -239,072 -18%
UBS AM
22
UBS AM
Illinois
$226M -$52M -246,346 -18%
First Trust Advisors
23
First Trust Advisors
Illinois
$225M +$174M +822,772 +315%
Legal & General Group
24
Legal & General Group
United Kingdom
$210M +$1.86M +8,816 +0.9%
Envestnet Asset Management
25
Envestnet Asset Management
Illinois
$210M -$4.45M -21,121 -2%

HSY Hedge Fund Activity: Q1 2026 in Review

1,472 of the 8,131 institutional investors tracked by Wall St. Rank reported a position in Hershey (HSY) for Q1 2026, worth a combined $25.9B — up 12% from $23.2B a quarter earlier.

Buyers outnumbered sellers: 193 funds opened new HSY positions and 110 closed out — a net gain of 83 holders — while 538 added to existing stakes and 467 trimmed.

The largest buyer was Capital World Investors, opening a new position worth an estimated $580M. The largest seller was Capital International Investors, exiting entirely with an estimated $1.66B sold.

  • 1,472 institutional investors held Hershey (HSY) as of Q1 2026, up from 1,413 in Q4 2025.
  • Funds reported $25.9B of Hershey stock for Q1 2026, up 12% quarter-over-quarter.
  • 193 funds opened new Hershey positions in Q1 2026 and 110 closed out, a net change of +83 holders.
  • The largest Hershey buyer in Q1 2026 was Capital World Investors, an estimated $580M added.
  • The largest Hershey seller in Q1 2026 was Capital International Investors, an estimated $1.66B sold.

Based on aggregated 13F filings for Q1 2026.