1,388 hedge funds and large institutions have $23.2B invested in Hershey in 2025 Q4 according to their latest regulatory filings, with 165 funds opening new positions, 441 increasing their positions, 523 reducing their positions, and 94 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more call options, than puts

Call options by funds: $ | Put options by funds: $

more funds holding in top 10

Funds holding in top 10:

more funds holding

Funds holding:

0.67% more ownership

Funds ownership: 85.27%85.94% (+0.67%)

2% less capital invested

Capital invested by funds: $23.6B → $23.2B (-$463M)

16% less repeat investments, than reductions

Existing positions increased: 441 | Existing positions reduced: 523

Holders
1,388
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
11
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$322M
Puts
$274M
Net Calls
Net Calls Change

Top Buyers

1 +$163M
2 +$140M
3 +$105M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$102M
5
Squarepoint
Squarepoint
New York
+$88.1M

Top Sellers

1 -$270M
2 -$183M
3 -$181M
4
Macquarie Group
Macquarie Group
Australia
-$106M
5
UBS Group
UBS Group
Switzerland
-$88.5M
Name Holding Trade Value Shares
Change
Change in
Stake
DI
176
DRH Investments
California
$10.6M
RAM
177
Resona Asset Management
Japan
$10.5M
CA
178
CapWealth Advisors
Tennessee
$10.5M
MSV
179
MN Services Vermogensbeheer
Netherlands
$10.3M
GC
180
Grimes & Company
Massachusetts
$10.2M
OC
181
Oppenheimer & Co
New York
$10.2M
A
182
Allianz
Germany
$10.1M
CWM
183
CIBC World Markets
New York
$9.83M
DekaBank Deutsche Girozentrale
184
DekaBank Deutsche Girozentrale
Germany
$9.78M
Comerica Bank
185
Comerica Bank
Texas
$9.7M
SI
186
Stephens Inc
Arkansas
$9.65M
UB
187
UMB Bank
Missouri
$9.58M
LCM
188
Logan Capital Management
Pennsylvania
$9.52M
LKIM
189
Lawson Kroeker Investment Management
Nebraska
$9.38M
State of New Jersey Common Pension Fund D
190
State of New Jersey Common Pension Fund D
New Jersey
$9.26M
Cerity Partners
191
Cerity Partners
New York
$9.21M
GHA
192
GW Henssler & Associates
Georgia
$9.17M
JA
193
JLB & Associates
Michigan
$9.08M
Bank Julius Baer & Co
194
Bank Julius Baer & Co
Switzerland
$9.06M
Hudson Bay Capital Management
195
Hudson Bay Capital Management
Connecticut
$8.88M
LF
196
Lansforsakringar Fondforvaltning
Sweden
$8.79M
PAM
197
Palisade Asset Management
Minnesota
$8.68M
SIA
198
Soltis Investment Advisors
Utah
$8.56M
Baird Financial Group
199
Baird Financial Group
Wisconsin
$8.46M
ACM
200
Aquatic Capital Management
Illinois
$8.34M