Hershey
1,414 hedge funds and large institutions have $23.2B invested in Hershey in 2025 Q4 according to their latest regulatory filings, with 175 funds opening new positions, 445 increasing their positions, 528 reducing their positions, and 94 closing their positions.
86% more first-time investments, than exits
New positions opened: 175 | Existing positions closed: 94
17% more call options, than puts
Call options by funds: $322M | Put options by funds: $276M
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
4% more funds holding
Funds holding: 1,360 → 1,414 (+54)
0.63% more ownership
Funds ownership: 85.43% → 86.06% (+0.63%)
2% less capital invested
Capital invested by funds: $23.7B → $23.2B (-$474M)
16% less repeat investments, than reductions
Existing positions increased: 445 | Existing positions reduced: 528
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$163M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$140M |
| 3 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$105M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$102M |
| 5 |
Squarepoint
New York
|
+$88.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$270M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$183M |
| 3 |
Holocene Advisors
New York
|
-$181M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$106M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$88.5M |
HSY Hedge Fund Activity: Q4 2025 in Review
1,414 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Hershey (HSY) for Q4 2025, worth a combined $23.2B — down 2% from $23.7B a quarter earlier.
Buyers outnumbered sellers: 175 funds opened new HSY positions and 94 closed out — a net gain of 81 holders — while 445 added to existing stakes and 528 trimmed.
The largest buyer was Marshall Wace, adding an estimated $163M. The largest seller was Citadel Advisors, cutting an estimated $270M.
- 1,414 institutional investors held Hershey (HSY) as of Q4 2025, up from 1,360 in Q3 2025.
- Funds reported $23.2B of Hershey stock for Q4 2025, down 2% quarter-over-quarter.
- 175 funds opened new Hershey positions in Q4 2025 and 94 closed out, a net change of +81 holders.
- The largest Hershey buyer in Q4 2025 was Marshall Wace, an estimated $163M added.
- The largest Hershey seller in Q4 2025 was Citadel Advisors, an estimated $270M sold.
Based on aggregated 13F filings for Q4 2025.