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1,310 hedge funds and large institutions have $21.3B invested in Hershey in 2025 Q2 according to their latest regulatory filings, with 114 funds opening new positions, 518 increasing their positions, 442 reducing their positions, and 133 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 518 | Existing positions reduced: 442

14% more funds holding in top 10

Funds holding in top 10: 78 (+1)

3.7% more ownership

Funds ownership: 83.05%86.75% (+3.7%)

1% more capital invested

Capital invested by funds: $21B → $21.3B (+$307M)

2% less funds holding

Funds holding: 1,3421,310 (-32)

14% less first-time investments, than exits

New positions opened: 114 | Existing positions closed: 133

18% less call options, than puts

Call options by funds: $337M | Put options by funds: $410M

Holders
1,310
Holders Change
-32
Holders Change %
-2.38%
% of All Funds
17.25%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.11%
New
114
Increased
518
Reduced
442
Closed
133
Calls
$337M
Puts
$410M
Net Calls
-$73.3M
Net Calls Change
-$200M
Name Holding Trade Value Shares
Change
Change in
Stake
PL
276
Parthenon LLC
Kentucky
$4.07M -$24.7K -150 -0.6%
Arrowstreet Capital
277
Arrowstreet Capital
Massachusetts
$4.01M -$13.9M -84,213 -78%
URS
278
Utah Retirement Systems
Utah
$3.98M -$25.7K -156 -0.6%
BCM
279
Birmingham Capital Management
Alabama
$3.95M -$304K -1,846 -7%
SMDAM
280
Sumitomo Mitsui DS Asset Management
Japan
$3.9M +$415K +2,515 +12%
BCIM
281
British Columbia Investment Management
British Columbia, Canada
$3.86M -$820K -4,977 -18%
X
282
Xponance
Pennsylvania
$3.84M +$120K +725 +3%
1IA
283
1834 Investment Advisors
Wisconsin
$3.81M +$3.47M +21,076 +1,103%
FT
284
Fiduciary Trust
Massachusetts
$3.81M -$659 -4 -0%
AP
285
Appleton Partners
Massachusetts
$3.81M -$23.1K -140 -0.6%
ACIM
286
Azimuth Capital Investment Management
Michigan
$3.76M +$83.2K +505 +2%
Teacher Retirement System of Texas
287
Teacher Retirement System of Texas
Texas
$3.73M +$143K +869 +4%
MCM
288
Mengis Capital Management
Oregon
$3.72M -$1.42M -8,592 -28%
HA
289
Hamel Associates
New Jersey
$3.71M +$18.1K +110 +0.5%
SA
290
Sanctuary Advisors
Indiana
$3.69M +$607K +3,683 +20%
Daiwa Securities Group
291
Daiwa Securities Group
Japan
$3.69M +$189K +1,149 +5%
NYLIM
292
New York Life Investment Management
New York
$3.68M +$51.8K +314 +1%
PFSRSONJ
293
Police & Firemen's Retirement System of New Jersey
New Jersey
$3.65M +$145K +878 +4%
AV
294
ASR Vermogensbeheer
Netherlands
$3.63M -$13.7K -83 -0.4%
IIC
295
Ironwood Investment Counsel
Arizona
$3.61M +$119K +722 +3%
QIM
296
Quantitative Investment Management
Virginia
$3.58M +$3.56M +21,608 New
VWMG
297
Virginia Wealth Management Group
Virginia
$3.54M +$56.2K +341 +2%
AWM
298
Absher Wealth Management
North Carolina
$3.52M +$98.9K +600 +3%
Northwestern Mutual Wealth Management
299
Northwestern Mutual Wealth Management
Wisconsin
$3.51M +$136K +828 +4%
EFIC
300
Eliot Finkel Investment Counsel
California
$3.5M -$22.3K -135 -0.6%

HSY Hedge Fund Activity: Q2 2025 in Review

1,310 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Hershey (HSY) for Q2 2025, worth a combined $21.3B — up 1.5% from $21B a quarter earlier.

Sellers outnumbered buyers: 133 funds closed out of HSY and 114 opened new positions — a net loss of 19 holders — while 442 trimmed existing stakes and 518 added.

The largest buyer was Capital Research Global Investors, adding an estimated $248M. The largest seller was Capital International Investors, cutting an estimated $156M.

  • 1,310 institutional investors held Hershey (HSY) as of Q2 2025, down from 1,342 in Q1 2025.
  • Funds reported $21.3B of Hershey stock for Q2 2025, up 1.5% quarter-over-quarter.
  • 114 funds opened new Hershey positions in Q2 2025 and 133 closed out, a net change of -19 holders.
  • The largest Hershey buyer in Q2 2025 was Capital Research Global Investors, an estimated $248M added.
  • The largest Hershey seller in Q2 2025 was Capital International Investors, an estimated $156M sold.

Based on aggregated 13F filings for Q2 2025.