1,410 hedge funds and large institutions have $23.2B invested in Hershey in 2025 Q4 according to their latest regulatory filings, with 174 funds opening new positions, 445 increasing their positions, 526 reducing their positions, and 93 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:

0.8% more ownership

Funds ownership: 85.32%86.11% (+0.8%)

2% less capital invested

Capital invested by funds: $23.6B → $23.2B (-$437M)

15% less repeat investments, than reductions

Existing positions increased: 445 | Existing positions reduced: 526

Holders
1,410
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
$276M
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
ACM
201
Aquatic Capital Management
Illinois
$8.34M
ONB
202
Old National Bancorp
Indiana
$8.09M
RB
203
Rodgers Brothers
Pennsylvania
$8.04M
KGC
204
Kennon-Green & Company
Ohio
$8.04M
Nisa Investment Advisors
205
Nisa Investment Advisors
Missouri
$7.92M
IAA
206
Independent Advisor Alliance
North Carolina
$7.78M
UBV
207
United Bank (Virginia)
Virginia
$7.77M
FGP
208
Freestone Grove Partners
California
$7.74M
EAM
209
Erste Asset Management
Austria
$7.56M
DnB Asset Management
210
DnB Asset Management
Norway
$7.56M
ASRS
211
Arizona State Retirement System
Arizona
$7.43M
QCM
212
Qsemble Capital Management
New York
$7.35M
OIMU
213
Osmosis Investment Management UK
United Kingdom
$7.31M
T
214
TOBAM
France
$7.26M
SOMRS
215
State of Michigan Retirement System
Michigan
$7.23M
CNB
216
Czech National Bank
Czech Republic
$7.11M
William Blair & Company
217
William Blair & Company
Illinois
$7.06M
APG Asset Management
218
APG Asset Management
Netherlands
$7.01M
MFG
219
Monte Financial Group
Connecticut
$6.99M
OIC
220
Orion Investment Company
Missouri
$6.99M
EH
221
Equitable Holdings
New York
$6.94M
Fifth Third Bancorp
222
Fifth Third Bancorp
Ohio
$6.77M
GC
223
Guggenheim Capital
Illinois
$6.74M
BFIM
224
Beese Fulmer Investment Management
Ohio
$6.73M
PCM
225
Poehling Capital Management
Wisconsin
$6.67M