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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
SJIC
101
St. James Investment Company
Texas
$19.3M +$157K +953 +0.8%
New York State Teachers Retirement System (NYSTRS)
102
New York State Teachers Retirement System (NYSTRS)
New York
$18.5M -$654K -3,967 -3%
Aviva
103
Aviva
United Kingdom
$18.4M +$1.25M +7,592 +7%
WSFS
104
Wilmington Savings Fund Society
Delaware
$18.1M -$696K -4,221 -4%
Aberdeen Group
105
Aberdeen Group
United Kingdom
$18M +$918K +5,571 +5%
Janney Montgomery Scott
106
Janney Montgomery Scott
Pennsylvania
$18M -$12.2M -74,015 -41%
CIM
107
Corda Investment Management
Texas
$17.7M +$1.86M +11,290 +12%
SPS
108
Susquehanna Portfolio Strategies
Pennsylvania
$17.2M +$12.6M +76,249 +277%
New York State Common Retirement Fund
109
New York State Common Retirement Fund
New York
$17.1M +$189K +1,144 +1%
Adage Capital Partners
110
Adage Capital Partners
Massachusetts
$17.1M +$17M +102,985 New
Baillie Gifford & Co
111
Baillie Gifford & Co
United Kingdom
$16.8M -$7.13M -43,269 -30%
Royal London Asset Management
112
Royal London Asset Management
United Kingdom
$16.5M -$992K -6,021 -6%
Universal-Beteiligungs- und Servicegesellschaft
113
Universal-Beteiligungs- und Servicegesellschaft
Germany
$16.3M -$4.54M -27,527 -22%
CGPCS
114
Capital Group Private Client Services
California
$16.1M -$10.1M -61,019 -39%
Manulife (Manufacturers Life Insurance)
115
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$15.7M -$307K -1,865 -2%
BTW
116
Boston Trust Walden
Massachusetts
$15.3M -$5.13M -31,120 -25%
GC
117
Guggenheim Capital
Illinois
$15.1M -$499K -3,030 -3%
HighTower Advisors
118
HighTower Advisors
Illinois
$15.1M -$1.74M -10,569 -10%
State of Wisconsin Investment Board
119
State of Wisconsin Investment Board
Wisconsin
$15M -$817K -4,957 -5%
MAM
120
Madison Asset Management
Wisconsin
$14.7M -$963K -5,845 -6%
MWM
121
Moran Wealth Management
Florida
$14.7M -$228K -1,382 -2%
Asset Management One
122
Asset Management One
Japan
$14.3M -$478K -2,903 -3%
Prudential Financial
123
Prudential Financial
New Jersey
$14.2M +$1.03M +6,228 +8%
Commonwealth Equity Services
124
Commonwealth Equity Services
Massachusetts
$14.1M -$828K -5,026 -6%
Chevy Chase Trust
125
Chevy Chase Trust
Maryland
$13.6M +$103K +626 +0.8%

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.