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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
Creative Planning
126
Creative Planning
Kansas
$13.6M +$846K +5,131 +7%
Wealth Enhancement Advisory Services
127
Wealth Enhancement Advisory Services
Minnesota
$13.4M -$2.61M -15,814 -17%
Mackenzie Financial
128
Mackenzie Financial
Ontario, Canada
$13M +$264K +1,603 +2%
Cetera Investment Advisers
129
Cetera Investment Advisers
Illinois
$12.9M +$271K +1,644 +2%
Cambridge Investment Research Advisors
130
Cambridge Investment Research Advisors
Iowa
$12.9M -$939K -5,697 -7%
DB
131
Danske Bank
Denmark
$12.5M +$128K +776 +1%
MIF
132
Mediolanum International Funds
Ireland
$12.2M +$420K +2,551 +4%
IP
133
Isthmus Partners
Wisconsin
$12.1M +$104K +632 +0.9%
Janus Henderson Group
134
Janus Henderson Group
United Kingdom
$12M -$20.9M -126,903 -64%
FAF
135
Fjarde Ap-fonden
Sweden
$11.9M +$2.37M +14,400 +25%
BCM
136
Brookstone Capital Management
Illinois
$11.9M +$435K +2,639 +4%
Axa
137
Axa
France
$11.8M +$2.27M +13,766 +24%
Truist Financial
138
Truist Financial
North Carolina
$11.7M -$370K -2,242 -3%
Pictet Asset Management
139
Pictet Asset Management
Switzerland
$11.3M +$554K +3,363 +5%
Treasurer of the State of North Carolina
140
Treasurer of the State of North Carolina
North Carolina
$11.3M +$230K +1,393 +2%
MPI
141
Mairs & Power Inc
Minnesota
$11.1M -$137K -830 -1%
CA
142
CapWealth Advisors
Tennessee
$11.1M +$144K +876 +1%
IMRF
143
Illinois Municipal Retirement Fund
Illinois
$10.9M -$1.55M -9,375 -13%
Two Sigma Investments
144
Two Sigma Investments
New York
$10.9M +$8.3M +50,334 +331%
KBC Group
145
KBC Group
Belgium
$10.8M +$4.01M +24,339 +59%
BIM
146
Bridges Investment Management
Nebraska
$10.8M -$391K -2,374 -4%
Mariner
147
Mariner
Kansas
$10.8M -$287K -1,742 -3%
Zurich Cantonal Bank
148
Zurich Cantonal Bank
Switzerland
$10.7M +$918K +5,569 +9%
Bank Julius Baer & Co
149
Bank Julius Baer & Co
Switzerland
$10.7M +$5.42M +32,903 +104%
MC
150
Miramar Capital
Illinois
$10.7M +$2.63M +15,977 +33%

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.