Who owns HSY (HSY)
Which tracked institutional funds hold HSY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HSY company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on HSY is one-sided between 2025-Q4 and 2026-Q1: 474 added or opened and 144 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
HSY’s largest tracked holder by dollar value, HERSHEY TRUST CO, sizes it at 96.6% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 96.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HSY divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1464 tracked filers holding HSY, 725 increased or opened the position and 608 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in HSY between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 64
- VANGUARD CAPITAL MANAGEMENT LLC$2.0B
- VANGUARD PORTFOLIO MANAGEMENT LLC$1.5B
- Capital World Investors$572M
- Qube Research & Technologies Ltd$183M
- VANGUARD FIDUCIARY TRUST CO$174M
- AXIOM INVESTORS LLC /DE$79M
Full exits 53
- VANGUARD GROUP INC$3.5B
- Capital International Investors$1.7B
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$128M
- Pacer Advisors, Inc.$107M
- Holocene Advisors, LP$42M
- SMITH CHAS P & ASSOCIATES PA CPAS$23M
Largest adds
- HERSHEY TRUST CO$1.4B
- TWO SIGMA INVESTMENTS, LP$377M
- FMR LLC$310M
- MORGAN STANLEY$218M
- STATE STREET CORP$212M
- Capital Research Global Investors$203M
Largest trims
- BALYASNY ASSET MANAGEMENT L.P.$186M
- MARSHALL WACE, LLP$102M
- BlackRock, Inc.$84M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$74M
- Alyeska Investment Group, L.P.$46M
- READYSTATE ASSET MANAGEMENT LP$45M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| HERSHEY TRUST CO added | 54,612,012 | $11.4B | 29.9% | 2026-Q1 |
| BlackRock, Inc. trimmed | 10,028,462 | $2.1B | 5.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 9,626,691 | $2.0B | 5.3% | 2026-Q1 |
| STATE STREET CORP added | 7,320,055 | $1.5B | 4.0% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 7,204,428 | $1.5B | 3.9% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 4,298,750 | $894M | 2.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 4,195,552 | $869M | 2.3% | 2026-Q1 |
| MORGAN STANLEY added | 3,942,865 | $820M | 2.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 3,036,456 | $631M | 1.7% | 2026-Q1 |
| FMR LLC added | 2,985,041 | $621M | 1.6% | 2026-Q1 |
| Capital World Investors added | 2,750,000 | $572M | 1.5% | 2026-Q1 |
| Capital Research Global Investors added | 2,382,693 | $495M | 1.3% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 1,975,205 | $411M | 1.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,779,488 | $370M | 1.0% | 2026-Q1 |
| Invesco Ltd. added | 1,645,933 | $342M | 0.9% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,525,860 | $326M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,395,644 | $290M | 0.8% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 1,219,598 | $254M | 0.7% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 1,210,466 | $252M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp added | 1,139,721 | $237M | 0.6% | 2026-Q1 |
| NORGES BANK trimmed | 1,383,851 | $237M | 0.6% | 2026-Q1 |
| UBS Group AG trimmed | 1,097,206 | $228M | 0.6% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 1,085,384 | $226M | 0.6% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 1,083,675 | $225M | 0.6% | 2026-Q1 |
| Legal & General Group Plc added | 1,010,732 | $210M | 0.6% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 1,009,886 | $210M | 0.6% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 989,649 | $206M | 0.5% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 878,840 | $183M | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 875,480 | $182M | 0.5% | 2026-Q1 |
| Amundi added | 853,537 | $177M | 0.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 835,993 | $174M | 0.5% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 729,883 | $152M | 0.4% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 690,349 | $144M | 0.4% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 686,466 | $143M | 0.4% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 672,234 | $140M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 580,922 | $121M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 555,205 | $115M | 0.3% | 2026-Q1 |
| EQUITY INVESTMENT CORP trimmed | 548,141 | $114M | 0.3% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 541,261 | $113M | 0.3% | 2026-Q1 |
| CITIGROUP INC added | 515,829 | $107M | 0.3% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 490,844 | $102M | 0.3% | 2026-Q1 |
| LPL Financial LLC trimmed | 478,007 | $99M | 0.3% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 434,990 | $90M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 434,900 | $90M | 0.2% | 2026-Q1 |
| Scharf Investments, LLC trimmed | 418,116 | $87M | 0.2% | 2026-Q1 |
| BARCLAYS PLC trimmed | 416,702 | $87M | 0.2% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 403,194 | $84M | 0.2% | 2026-Q1 |
| Douglas Lane & Associates, LLC added | 396,307 | $82M | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 392,885 | $82M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 387,840 | $81M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 387,604 | $81M | 0.2% | 2026-Q1 |
| AXIOM INVESTORS LLC /DE trimmed | 380,677 | $79M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 376,589 | $78M | 0.2% | 2026-Q1 |
| Man Group plc added | 374,473 | $78M | 0.2% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 338,082 | $70M | 0.2% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 337,770 | $70M | 0.2% | 2026-Q1 |
| Trexquant Investment LP added | 334,866 | $70M | 0.2% | 2026-Q1 |
| National Pension Service added | 331,375 | $69M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 331,296 | $69M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 330,842 | $69M | 0.2% | 2026-Q1 |
| Clark Capital Management Group, Inc. added | 325,407 | $68M | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 323,539 | $67M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 321,346 | $67M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 313,116 | $65M | 0.2% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 307,426 | $64M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 293,760 | $61M | 0.2% | 2026-Q1 |
| WESTWOOD HOLDINGS GROUP INC added | 280,906 | $58M | 0.2% | 2026-Q1 |
| Focus Partners Wealth added | 275,698 | $57M | 0.2% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 275,116 | $57M | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 271,206 | $56M | 0.1% | 2026-Q1 |
| Mawer Investment Management Ltd. added | 265,527 | $55M | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 249,669 | $52M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 244,587 | $51M | 0.1% | 2026-Q1 |
| ANCHOR CAPITAL ADVISORS LLC trimmed | 240,279 | $50M | 0.1% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 228,353 | $47M | 0.1% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 225,053 | $47M | 0.1% | 2026-Q1 |
| NORDEA INVESTMENT MANAGEMENT AB added | 218,230 | $46M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 210,214 | $44M | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO added | 206,972 | $43M | 0.1% | 2026-Q1 |
| BESSEMER GROUP INC added | 205,428 | $43M | 0.1% | 2026-Q1 |
| ZACKS INVESTMENT MANAGEMENT added | 200,228 | $42M | 0.1% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 197,503 | $41M | 0.1% | 2026-Q1 |
| TD Asset Management Inc trimmed | 197,381 | $41M | 0.1% | 2026-Q1 |
| CHECK CAPITAL MANAGEMENT INC/CA added | 192,310 | $40M | 0.1% | 2026-Q1 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 191,201 | $40M | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Trust & Banking Corp added | 190,157 | $40M | 0.1% | 2026-Q1 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC added | 187,570 | $39M | 0.1% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 185,507 | $39M | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 185,700 | $39M | 0.1% | 2026-Q1 |
| Willis Investment Counsel added | 180,961 | $38M | 0.1% | 2026-Q1 |
| Azimuth Capital Investment Management LLC added | 179,858 | $37M | 0.1% | 2026-Q1 |
| RENAISSANCE GROUP LLC new | 178,048 | $37M | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 175,909 | $37M | 0.1% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 173,639 | $36M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 18,997,117 | $3.5B | 9.1% | 2025-Q4 stale |
| Capital International Investors added | 9,106,431 | $1.7B | 4.4% | 2025-Q4 stale |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 705,533 | $128M | 0.3% | 2025-Q4 stale |
| Pacer Advisors, Inc. added | 586,141 | $107M | 0.3% | 2025-Q4 stale |
| Candlestick Capital Management LP added | 344,660 | $64M | 0.2% | 2025-Q3 stale |
| Holocene Advisors, LP trimmed | 231,411 | $42M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.