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
- 17
- Reported value
- $3.0bn
- Buyers
- 25
- Sellers
- 16
Breadth +9 among 91 comparable managers.
Philip Morris Intl Inc
- Holders
- 25
- Reported value
- $57.3bn
- Buyers
- 22
- Sellers
- 17
Breadth +5 among 91 comparable managers.
Who holds both, Q1 2026
Both (8)
Capital Research Global Investors, Capital World Investors, Fidelity (FMR LLC), Invesco Ltd, Markel Group Inc, Maverick Capital Ltd, Neuberger Berman Group LLC, Squarepoint Ops LLC
Only HSY (9)
Balyasny Asset Management LLC, Brevan Howard Capital Management LP, Man Group PLC, Marshall Wace LLP, Millennium Management LLC, Tudor Investment Corp, Two Sigma Investments LP, Verition Fund Management LLC, Voloridge Investment Management LLC
Only PM (17)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Dodge & Cox, First Eagle Investment Management LLC, Harris Associates LP, Janus Henderson Group Ltd, MFS Investment Management, Soros Fund Management LLC, T. Rowe Price Associates Inc, Walleye Capital LLC, Wellington Management Group LLP, Winton Group Ltd, Woodline Partners LP
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.