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1,342 hedge funds and large institutions have $21B invested in Hershey in 2025 Q1 according to their latest regulatory filings, with 159 funds opening new positions, 532 increasing their positions, 432 reducing their positions, and 141 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 57 (+2)

27% more call options, than puts

Call options by funds: $593M | Put options by funds: $466M

23% more repeat investments, than reductions

Existing positions increased: 532 | Existing positions reduced: 432

13% more first-time investments, than exits

New positions opened: 159 | Existing positions closed: 141

0.87% more ownership

Funds ownership: 82.18%83.05% (+0.87%)

0% less funds holding

Funds holding: 1,3431,342 (-1)

1% less capital invested

Capital invested by funds: $21.3B → $21B (-$267M)

Holders
1,342
Holders Change
-1
Holders Change %
-0.07%
% of All Funds
17.99%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.09%
New
159
Increased
532
Reduced
432
Closed
141
Calls
$593M
Puts
$466M
Net Calls
+$127M
Net Calls Change
-$565M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$3.19B -$87.1M -532,231 -3%
BlackRock
2
BlackRock
New York
$2.1B +$39.5M +241,050 +2%
Capital International Investors
3
Capital International Investors
California
$1.99B -$140M -853,210 -7%
State Street
4
State Street
Massachusetts
$1.22B +$9.87M +60,287 +0.9%
Charles Schwab
5
Charles Schwab
California
$854M +$58.3M +356,249 +8%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$758M +$105M +639,709 +17%
Morgan Stanley
7
Morgan Stanley
New York
$548M +$104M +633,855 +25%
JP Morgan Chase
8
JP Morgan Chase
New York
$535M +$36.8M +224,580 +8%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$471M +$91.2M +557,056 +25%
HTC
10
Hershey Trust Company
Pennsylvania
$353M
Northern Trust
11
Northern Trust
Illinois
$272M +$1.96M +11,946 +0.8%
Bank of America
12
Bank of America
North Carolina
$249M +$43.9M +268,055 +23%
Norges Bank
13
Norges Bank
Norway
$237M +$221M +1,350,678 +4,072%
UBS Group
14
UBS Group
Switzerland
$229M +$36.1M +220,720 +20%
Stifel Financial
15
Stifel Financial
Missouri
$218M +$28.8M +175,925 +16%
Invesco
16
Invesco
Georgia
$217M -$2.25M -13,740 -1%
UBS AM
17
UBS AM
Illinois
$214M -$61.2M -373,934 -23%
Macquarie Group
18
Macquarie Group
Australia
$211M -$17.5M -106,872 -8%
Amundi
19
Amundi
France
$208M +$58.3M +356,105 +40%
Legal & General Group
20
Legal & General Group
United Kingdom
$182M -$291K -1,778 -0.2%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$175M +$2.83M +17,311 +2%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$164M -$2.08M -12,692 -1%
Holocene Advisors
23
Holocene Advisors
New York
$146M +$1.6M +9,803 +1%
Pacer Advisors
24
Pacer Advisors
Pennsylvania
$140M +$132M +807,433 +6,721%
Principal Financial Group
25
Principal Financial Group
Iowa
$123M -$15.4M -94,116 -12%

HSY Hedge Fund Activity: Q1 2025 in Review

1,342 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Hershey (HSY) for Q1 2025, worth a combined $21B — down 1.3% from $21.3B a quarter earlier.

Buyers outnumbered sellers: 159 funds opened new HSY positions and 141 closed out — a net gain of 18 holders — while 532 added to existing stakes and 432 trimmed.

The largest buyer was Norges Bank, adding an estimated $221M. The largest seller was Capital International Investors, cutting an estimated $140M.

  • 1,342 institutional investors held Hershey (HSY) as of Q1 2025, down from 1,343 in Q4 2024.
  • Funds reported $21B of Hershey stock for Q1 2025, down 1.3% quarter-over-quarter.
  • 159 funds opened new Hershey positions in Q1 2025 and 141 closed out, a net change of +18 holders.
  • The largest Hershey buyer in Q1 2025 was Norges Bank, an estimated $221M added.
  • The largest Hershey seller in Q1 2025 was Capital International Investors, an estimated $140M sold.

Based on aggregated 13F filings for Q1 2025.