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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
RhumbLine Advisers
51
RhumbLine Advisers
Massachusetts
$55.4M +$679K +4,122 +1%
DLA
52
Douglas Lane & Associates
New York
$54.9M -$776K -4,706 -1%
N
53
Nuveen
North Carolina
$54.6M +$927K +5,625 +2%
FGP
54
Freestone Grove Partners
California
$53.9M +$53.6M +324,908 New
HSBC Holdings
55
HSBC Holdings
United Kingdom
$49.9M -$6.11M -37,092 -11%
Mitsubishi UFJ Asset Management
56
Mitsubishi UFJ Asset Management
Japan
$47.5M +$3.53M +21,422 +8%
Franklin Resources
57
Franklin Resources
California
$47.4M +$2.22M +13,488 +5%
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$47.2M -$1.78M -10,800 -4%
TD Asset Management
59
TD Asset Management
Ontario, Canada
$47.1M -$2.21M -13,431 -5%
Victory Capital Management
60
Victory Capital Management
Texas
$46M +$22.6M +137,012 +99%
Marshall Wace
61
Marshall Wace
United Kingdom
$45.6M -$1.59M -9,627 -3%
BNP Paribas Financial Markets
62
BNP Paribas Financial Markets
France
$44.1M -$6.82M -41,389 -13%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$43.2M -$1.94M -11,768 -4%
ACA
64
Anchor Capital Advisors
Massachusetts
$43M +$257K +1,561 +0.6%
Mawer Investment Management
65
Mawer Investment Management
Alberta, Canada
$42.4M -$2.36M -14,295 -5%
Mitsubishi UFJ Trust & Banking
66
Mitsubishi UFJ Trust & Banking
Japan
$39.6M -$12M -72,823 -23%
National Pension Service
67
National Pension Service
South Korea
$38.5M +$274K +1,660 +0.7%
Focus Partners Wealth
68
Focus Partners Wealth
Massachusetts
$36.6M -$1.21M -7,337 -3%
AQR Capital Management
69
AQR Capital Management
Connecticut
$36.4M +$703K +4,266 +2%
VPI
70
Value Partners Investments
Manitoba, Canada
$35.6M -$63.5K -385 -0.2%
T. Rowe Price Associates
71
T. Rowe Price Associates
Maryland
$35.6M +$151K +918 +0.4%
Neuberger Berman Group
72
Neuberger Berman Group
New York
$34.8M +$2.67M +16,223 +8%
Millennium Management
73
Millennium Management
New York
$33.2M +$7.03M +42,661 +27%
Bessemer Group
74
Bessemer Group
New Jersey
$32.7M -$171K -1,039 -0.5%
SAM
75
Silvercrest Asset Management
New York
$31.9M -$1.86M -11,307 -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.