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
ONB
201
Old National Bancorp
Indiana
$8.09M
RB
202
Rodgers Brothers
Pennsylvania
$8.04M
KGC
203
Kennon-Green & Company
Ohio
$8.04M
Nisa Investment Advisors
204
Nisa Investment Advisors
Missouri
$7.92M
IAA
205
Independent Advisor Alliance
North Carolina
$7.78M
UBV
206
United Bank (Virginia)
Virginia
$7.77M
FGP
207
Freestone Grove Partners
California
$7.74M
EAM
208
Erste Asset Management
Austria
$7.56M
DnB Asset Management
209
DnB Asset Management
Norway
$7.56M
ASRS
210
Arizona State Retirement System
Arizona
$7.43M
QCM
211
Qsemble Capital Management
New York
$7.35M
OIMU
212
Osmosis Investment Management UK
United Kingdom
$7.31M
T
213
TOBAM
France
$7.26M
SOMRS
214
State of Michigan Retirement System
Michigan
$7.23M
CNB
215
Czech National Bank
Czech Republic
$7.11M
William Blair & Company
216
William Blair & Company
Illinois
$7.06M
APG Asset Management
217
APG Asset Management
Netherlands
$7.01M
MFG
218
Monte Financial Group
Connecticut
$6.99M
OIC
219
Orion Investment Company
Missouri
$6.99M
EH
220
Equitable Holdings
New York
$6.94M
Fifth Third Bancorp
221
Fifth Third Bancorp
Ohio
$6.77M
GC
222
Guggenheim Capital
Illinois
$6.74M
BFIM
223
Beese Fulmer Investment Management
Ohio
$6.73M
PCM
224
Poehling Capital Management
Wisconsin
$6.67M
BEI
225
Benjamin Edwards Inc
Missouri
$6.65M