Holders over time
- HSY
- PM
| Quarter | HSY | PM |
|---|---|---|
| Q3 2020 | 18 holders, $1.6bn | 25 holders, $19.7bn |
| Q4 2020 | 16 holders, $1.8bn | 25 holders, $21.5bn |
| Q1 2021 | 17 holders, $1.7bn | 27 holders, $22.1bn |
| Q2 2021 | 15 holders, $1.9bn | 20 holders, $23.2bn |
| Q3 2021 | 16 holders, $1.9bn | 25 holders, $22.8bn |
| Q4 2021 | 18 holders, $2.2bn | 26 holders, $22.3bn |
| Q1 2022 | 20 holders, $2.4bn | 29 holders, $23.2bn |
| Q2 2022 | 20 holders, $2.8bn | 28 holders, $25.8bn |
| Q3 2022 | 23 holders, $3.0bn | 33 holders, $22.2bn |
| Q4 2022 | 19 holders, $2.8bn | 26 holders, $27.0bn |
| Q1 2023 | 26 holders, $3.4bn | 36 holders, $27.6bn |
| Q2 2023 | 26 holders, $3.3bn | 29 holders, $28.9bn |
| Q3 2023 | 20 holders, $2.4bn | 32 holders, $28.5bn |
| Q4 2023 | 22 holders, $2.0bn | 34 holders, $28.8bn |
| Q1 2024 | 14 holders, $1.5bn | 36 holders, $28.4bn |
| Q2 2024 | 12 holders, $1.0bn | 31 holders, $31.4bn |
| Q3 2024 | 8 holders, $269m | 39 holders, $38.2bn |
| Q4 2024 | 13 holders, $555m | 40 holders, $36.6bn |
| Q1 2025 | 9 holders, $424m | 44 holders, $49.1bn |
| Q2 2025 | 12 holders, $1.1bn | 44 holders, $54.3bn |
| Q3 2025 | 12 holders, $1.5bn | 36 holders, $49.3bn |
| Q4 2025 | 15 holders, $1.2bn | 26 holders, $50.5bn |
| Q1 2026 | 17 holders, $3.0bn | 25 holders, $57.3bn |
| Q2 2026 | 10 holders, $1.6bn | 27 holders, $63.8bn |
Hershey Co
- Holders
- 22
- Reported value
- $2.0bn
- Buyers
- 15
- Sellers
- 8
Breadth +7 among 93 comparable managers.
Philip Morris Intl Inc
- Holders
- 34
- Reported value
- $28.8bn
- Buyers
- 16
- Sellers
- 17
Breadth -1 among 93 comparable managers.
Who holds both, Q4 2023
Both (13)
Acadian Asset Management LLC, AQR Capital Management LLC, Bridgewater Associates LP, Holocene Advisors LP, Invesco Ltd, Maverick Capital Ltd, Millennium Management LLC, Quantbot Technologies LP, Squarepoint Ops LLC, Tudor Investment Corp, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment Management LLC
Only HSY (9)
Arrowstreet Capital LP, Baillie Gifford & Co, Brevan Howard Capital Management LP, Caxton Associates LLP, ExodusPoint Capital Management LP, Janus Henderson Group Ltd, Man Group PLC, Marshall Wace LLP, Renaissance Technologies LLC
Only PM (21)
AllianceBernstein LP, Artisan Partners LP, Capital Research Global Investors, Capital World Investors, Citadel Advisors LLC, D1 Capital Partners LP, Dodge & Cox, Eisler Capital Management Ltd, Fidelity (FMR LLC), First Eagle Investment Management LLC, Harris Associates LP, Hudson Bay Capital Management LP, Lone Pine Capital LLC, Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, Point72 Asset Management LP, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, Viking Global Investors LP, Wellington Management Group LLP
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.