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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
Vanguard Group
1
Vanguard Group
Pennsylvania
$3.13B +$34.6M +210,131 +1%
BlackRock
2
BlackRock
New York
$2.03B -$1.29M -7,852 -0.1%
Capital International Investors
3
Capital International Investors
California
$1.77B -$156M -944,915 -8%
State Street
4
State Street
Massachusetts
$1.18B +$2.46M +14,909 +0.2%
Charles Schwab
5
Charles Schwab
California
$849M +$20.6M +125,100 +3%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$755M +$20.9M +126,519 +3%
Morgan Stanley
7
Morgan Stanley
New York
$580M +$48.2M +292,325 +9%
JP Morgan Chase
8
JP Morgan Chase
New York
$544M +$24.8M +150,240 +5%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$512M +$54.5M +330,839 +12%
HTC
10
Hershey Trust Company
Pennsylvania
$343M
Northern Trust
11
Northern Trust
Illinois
$263M -$1.05M -6,376 -0.4%
UBS Group
12
UBS Group
Switzerland
$261M +$39.1M +236,927 +18%
Capital Research Global Investors
13
Capital Research Global Investors
California
$250M +$248M +1,502,523 +83,474%
Bank of America
14
Bank of America
North Carolina
$236M -$5.53M -33,538 -2%
Norges Bank
15
Norges Bank
Norway
$234M +$4.7M +28,536 +2%
UBS AM
16
UBS AM
Illinois
$230M +$21.3M +129,284 +10%
Invesco
17
Invesco
Georgia
$212M +$1.88M +11,413 +0.9%
Stifel Financial
18
Stifel Financial
Missouri
$209M -$2.21M -13,414 -1%
Holocene Advisors
19
Holocene Advisors
New York
$205M +$62.7M +380,512 +45%
Citadel Advisors
20
Citadel Advisors
Florida
$187M +$185M +1,121,565 +16,722%
Amundi
21
Amundi
France
$187M -$27.2M -165,213 -13%
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$180M +$10.6M +64,546 +6%
VanEck Associates
23
VanEck Associates
New York
$176M +$170M +1,029,598 +3,075%
Macquarie Group
24
Macquarie Group
Australia
$167M -$36.7M -222,758 -18%
Legal & General Group
25
Legal & General Group
United Kingdom
$166M -$10.9M -66,216 -6%

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.