Who owns Hershey (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-Q2 13F filings (latest filed 2026-09-22). 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 2026-Q1 and 2026-Q2: 142 added or opened and 513 trimmed or exited — on balance reducing.
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 97.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 97.6pp 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 2026-Q1 and 2026-Q2, across 1326 tracked filers holding HSY, 637 increased or opened the position and 740 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 2026-Q1 and 2026-Q2 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 39
- GQG Partners LLC$485M
- JUPITER ASSET MANAGEMENT LTD$26M
- Varenne Capital Partners$22M
- Nykredit A/S$13M
- PINEBRIDGE INVESTMENTS LLC$13M
- LOGAN CAPITAL MANAGEMENT INC$9M
Full exits 114
- Amundi$177M
- HRT FINANCIAL LP$64M
- BESSEMER GROUP INC$43M
- CANADA LIFE ASSURANCE Co$39M
- NEW YORK STATE TEACHERS RETIREMENT SYSTEM$23M
- Janney Montgomery Scott LLC$22M
Largest adds
- BlackRock, Inc.$219M
- FEDERATED HERMES, INC.$173M
- MORGAN STANLEY$171M
- NORDEA INVESTMENT MANAGEMENT AB$137M
- RAYMOND JAMES FINANCIAL INC$51M
- NFJ INVESTMENT GROUP, LLC$47M
Largest trims
- HERSHEY TRUST CO$1.9B
- TWO SIGMA INVESTMENTS, LP$403M
- VANGUARD CAPITAL MANAGEMENT LLC$302M
- STATE STREET CORP$254M
- VANGUARD PORTFOLIO MANAGEMENT LLC$222M
- FIRST TRUST ADVISORS LP$176M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| HERSHEY TRUST CO | 54,612,012 | $9.6B | 33.3% | 2026-Q2 |
| BlackRock, Inc. added | 13,131,312 | $2.3B | 8.0% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 9,683,520 | $1.7B | 5.9% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 7,271,155 | $1.3B | 4.4% | 2026-Q2 |
| STATE STREET CORP trimmed | 7,227,295 | $1.3B | 4.4% | 2026-Q2 |
| MORGAN STANLEY added | 5,646,902 | $991M | 3.4% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 4,760,502 | $835M | 2.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,280,665 | $748M | 2.6% | 2026-Q2 |
| Capital World Investors added | 3,500,000 | $614M | 2.1% | 2026-Q2 |
| FMR LLC added | 3,004,051 | $527M | 1.8% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 2,891,678 | $507M | 1.8% | 2026-Q2 |
| GQG Partners LLC new | 2,766,786 | $485M | 1.7% | 2026-Q2 |
| Capital Research Global Investors added | 2,699,237 | $474M | 1.6% | 2026-Q2 |
| Invesco Ltd. added | 2,022,858 | $355M | 1.2% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 1,771,282 | $311M | 1.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,651,100 | $300M | 1.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,566,662 | $275M | 1.0% | 2026-Q2 |
| NORGES BANK trimmed | 1,333,760 | $234M | 0.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,269,080 | $223M | 0.8% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 1,244,459 | $218M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 1,161,666 | $204M | 0.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,128,711 | $198M | 0.7% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,120,257 | $197M | 0.7% | 2026-Q2 |
| Legal & General Group Plc added | 1,046,583 | $184M | 0.6% | 2026-Q2 |
| NORDEA INVESTMENT MANAGEMENT AB added | 1,027,313 | $183M | 0.6% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 990,217 | $174M | 0.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 946,525 | $166M | 0.6% | 2026-Q2 |
| UBS Group AG trimmed | 918,638 | $161M | 0.6% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 917,852 | $161M | 0.6% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 900,563 | $158M | 0.5% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 834,309 | $146M | 0.5% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 666,728 | $117M | 0.4% | 2026-Q2 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 663,243 | $116M | 0.4% | 2026-Q2 |
| LPL Financial LLC added | 617,305 | $108M | 0.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 573,023 | $101M | 0.3% | 2026-Q2 |
| EQUITY INVESTMENT CORP added | 572,436 | $100M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 539,715 | $95M | 0.3% | 2026-Q2 |
| NFJ INVESTMENT GROUP, LLC added | 468,818 | $82M | 0.3% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 445,600 | $78M | 0.3% | 2026-Q2 |
| Douglas Lane & Associates, LLC added | 431,754 | $76M | 0.3% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 418,573 | $73M | 0.3% | 2026-Q2 |
| Swiss National Bank trimmed | 417,700 | $73M | 0.3% | 2026-Q2 |
| Nuveen, LLC trimmed | 376,407 | $66M | 0.2% | 2026-Q2 |
| Man Group plc trimmed | 365,316 | $64M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 364,672 | $64M | 0.2% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 363,353 | $64M | 0.2% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. added | 361,315 | $63M | 0.2% | 2026-Q2 |
| National Pension Service added | 358,307 | $63M | 0.2% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 356,753 | $63M | 0.2% | 2026-Q2 |
| Scharf Investments, LLC trimmed | 355,964 | $62M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 343,077 | $60M | 0.2% | 2026-Q2 |
| CITIGROUP INC trimmed | 337,227 | $59M | 0.2% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 335,714 | $59M | 0.2% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 330,593 | $58M | 0.2% | 2026-Q2 |
| Clark Capital Management Group, Inc. added | 328,606 | $58M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 327,690 | $57M | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 323,399 | $57M | 0.2% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 319,915 | $56M | 0.2% | 2026-Q2 |
| PFA Pension, Forsikringsaktieselskab added | 318,276 | $56M | 0.2% | 2026-Q2 |
| Robeco Institutional Asset Management B.V. added | 317,297 | $56M | 0.2% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 294,601 | $52M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 281,845 | $49M | 0.2% | 2026-Q2 |
| Mawer Investment Management Ltd. added | 278,385 | $49M | 0.2% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 278,167 | $49M | 0.2% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 274,639 | $48M | 0.2% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 267,910 | $47M | 0.2% | 2026-Q2 |
| BARCLAYS PLC trimmed | 266,546 | $47M | 0.2% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP added | 264,348 | $46M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 258,493 | $45M | 0.2% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 250,820 | $44M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 246,499 | $43M | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO added | 238,997 | $42M | 0.1% | 2026-Q2 |
| Assenagon Asset Management S.A. added | 238,282 | $42M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 230,005 | $40M | 0.1% | 2026-Q2 |
| ANCHOR CAPITAL ADVISORS LLC trimmed | 227,406 | $40M | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 226,821 | $40M | 0.1% | 2026-Q2 |
| Ensign Peak Advisors, Inc added | 217,935 | $38M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 213,479 | $37M | 0.1% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 212,599 | $37M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 209,007 | $37M | 0.1% | 2026-Q2 |
| CHECK CAPITAL MANAGEMENT INC/CA added | 205,272 | $36M | 0.1% | 2026-Q2 |
| Focus Partners Wealth trimmed | 204,412 | $36M | 0.1% | 2026-Q2 |
| ZACKS INVESTMENT MANAGEMENT added | 203,184 | $36M | 0.1% | 2026-Q2 |
| AXIOM INVESTORS LLC /DE trimmed | 202,470 | $36M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 196,337 | $34M | 0.1% | 2026-Q2 |
| Willis Investment Counsel added | 190,740 | $33M | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 186,109 | $33M | 0.1% | 2026-Q2 |
| STOREBRAND ASSET MANAGEMENT AS added | 184,578 | $32M | 0.1% | 2026-Q2 |
| Eurizon Capital SGR S.p.A. added | 180,310 | $32M | 0.1% | 2026-Q2 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed | 179,429 | $31M | 0.1% | 2026-Q2 |
| Azimuth Capital Investment Management LLC trimmed | 177,571 | $31M | 0.1% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 175,478 | $31M | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 166,656 | $29M | 0.1% | 2026-Q2 |
| RENAISSANCE GROUP LLC trimmed | 165,316 | $29M | 0.1% | 2026-Q2 |
| TD Asset Management Inc trimmed | 163,843 | $29M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 160,666 | $33M | 0.1% | 2026-Q2 |
| CIBC Bancorp USA Inc. added | 158,114 | $28M | 0.1% | 2026-Q2 |
| Sone Capital Management, LLC added | 156,927 | $28M | 0.1% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. added | 156,826 | $28M | 0.1% | 2026-Q2 |
| JENNISON ASSOCIATES LLC added | 156,540 | $27M | 0.1% | 2026-Q2 |
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.