Hershey
1,297 hedge funds and large institutions have $23.5B invested in Hershey in 2023 Q3 according to their latest regulatory filings, with 117 funds opening new positions, 463 increasing their positions, 447 reducing their positions, and 159 closing their positions.
4% more repeat investments, than reductions
Existing positions increased: 463 | Existing positions reduced: 447
1.47% less ownership
Funds ownership: 79.93% → 78.46% (-1.5%)
4% less funds holding
Funds holding: 1,354 → 1,297 (-57)
7% less funds holding in top 10
Funds holding in top 10: 15 → 14 (-1)
16% less call options, than puts
Call options by funds: $405M | Put options by funds: $479M
20% less capital invested
Capital invested by funds: $29.4B → $23.5B (-$5.85B)
26% less first-time investments, than exits
New positions opened: 117 | Existing positions closed: 159
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nordea Investment Management
Stockholm,
Sweden
|
+$325M |
| 2 |
JP Morgan Chase
New York
|
+$232M |
| 3 |
VAM
Vontobel Asset Management
New York
|
+$150M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$126M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$92.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$265M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$160M |
| 3 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$150M |
| 4 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$146M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$127M |
HSY Hedge Fund Activity: Q3 2023 in Review
1,297 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Hershey (HSY) for Q3 2023, worth a combined $23.5B — down 20% from $29.4B a quarter earlier.
Sellers outnumbered buyers: 159 funds closed out of HSY and 117 opened new positions — a net loss of 42 holders — while 447 trimmed existing stakes and 463 added.
The largest buyer was Nordea Investment Management, adding an estimated $325M. The largest seller was Wellington Management Group, cutting an estimated $265M.
- 1,297 institutional investors held Hershey (HSY) as of Q3 2023, down from 1,354 in Q2 2023.
- Funds reported $23.5B of Hershey stock for Q3 2023, down 20% quarter-over-quarter.
- 117 funds opened new Hershey positions in Q3 2023 and 159 closed out, a net change of -42 holders.
- The largest Hershey buyer in Q3 2023 was Nordea Investment Management, an estimated $325M added.
- The largest Hershey seller in Q3 2023 was Wellington Management Group, an estimated $265M sold.
Based on aggregated 13F filings for Q3 2023.