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1,342 hedge funds and large institutions have $21B invested in Hershey in 2025 Q1 according to their latest regulatory filings, with 159 funds opening new positions, 532 increasing their positions, 432 reducing their positions, and 141 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 57 (+2)

27% more call options, than puts

Call options by funds: $593M | Put options by funds: $466M

23% more repeat investments, than reductions

Existing positions increased: 532 | Existing positions reduced: 432

13% more first-time investments, than exits

New positions opened: 159 | Existing positions closed: 141

0.87% more ownership

Funds ownership: 82.18%83.05% (+0.87%)

0% less funds holding

Funds holding: 1,3431,342 (-1)

1% less capital invested

Capital invested by funds: $21.3B → $21B (-$267M)

Holders
1,342
Holders Change
-1
Holders Change %
-0.07%
% of All Funds
17.99%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.09%
New
159
Increased
532
Reduced
432
Closed
141
Calls
$593M
Puts
$466M
Net Calls
+$127M
Net Calls Change
-$565M
Name Holding Trade Value Shares
Change
Change in
Stake
FFA
426
Fragasso Financial Advisors
Pennsylvania
$2.14M -$1.38M -8,421 -40%
KFBMI
427
Kentucky Farm Bureau Mutual Insurance
Kentucky
$2.14M
WP
428
Woodline Partners
California
$2.13M -$6.48M -39,588 -76%
Wolverine Trading
429
Wolverine Trading
Illinois
$2.13M -$2.71M -16,535 -57%
P
430
&Partners
Tennessee
$2.12M +$484K +2,954 +31%
CIA
431
Capital Investment Advisors
Georgia
$2.11M -$3.57M -21,794 -64%
WANY
432
Wealthspire Advisors (New York)
New York
$2.11M +$1.05M +6,383 +107%
SFI
433
Siemens Fonds Invest
Germany
$2.1M -$12.8K -78 -0.6%
AIM
434
AMI Investment Management
Indiana
$2.1M +$205K +1,255 +11%
NLP
435
Next Level Private
New York
$2.1M
CAPTRUST Financial Advisors
436
CAPTRUST Financial Advisors
North Carolina
$2.07M +$148K +907 +8%
AI
437
Atria Investments
North Carolina
$2.07M -$1.43M -8,715 -42%
MSU
438
Mizuho Securities USA
New York
$2.02M -$356K -2,172 -16%
IA
439
IFG Advisory
Georgia
$1.99M +$885K +5,403 +86%
RHDIC
440
R.H. Dinel Investment Counsel
California
$1.98M
KPWS
441
Kestra Private Wealth Services
Texas
$1.98M +$318K +1,940 +20%
GT
442
Greenleaf Trust
Michigan
$1.97M +$208K +1,270 +12%
CL
443
CIM LLC
New York
$1.97M +$190K +1,161 +11%
HBW
444
Hazlett, Burt & Watson
West Virginia
$1.96M +$20.5K +125 +1%
Wellington Management Group
445
Wellington Management Group
Massachusetts
$1.94M +$1.65M +10,100 +795%
TRSOTSOK
446
Teachers Retirement System of the State of Kentucky
Kentucky
$1.94M +$50.8K +310 +3%
KIA
447
Knollwood Investment Advisory
Maryland
$1.93M
Connor, Clark & Lunn Investment Management (CC&L)
448
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.89M -$4.77M -29,132 -72%
JPWM
449
Jamison Private Wealth Management
Georgia
$1.88M +$125K +761 +7%
BA
450
Bridgewater Associates
Connecticut
$1.87M -$2.55M -15,579 -59%

HSY Hedge Fund Activity: Q1 2025 in Review

1,342 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Hershey (HSY) for Q1 2025, worth a combined $21B — down 1.3% from $21.3B a quarter earlier.

Buyers outnumbered sellers: 159 funds opened new HSY positions and 141 closed out — a net gain of 18 holders — while 532 added to existing stakes and 432 trimmed.

The largest buyer was Norges Bank, adding an estimated $221M. The largest seller was Capital International Investors, cutting an estimated $140M.

  • 1,342 institutional investors held Hershey (HSY) as of Q1 2025, down from 1,343 in Q4 2024.
  • Funds reported $21B of Hershey stock for Q1 2025, down 1.3% quarter-over-quarter.
  • 159 funds opened new Hershey positions in Q1 2025 and 141 closed out, a net change of +18 holders.
  • The largest Hershey buyer in Q1 2025 was Norges Bank, an estimated $221M added.
  • The largest Hershey seller in Q1 2025 was Capital International Investors, an estimated $140M sold.

Based on aggregated 13F filings for Q1 2025.