Which funds own HSY
Hershey Co in the Q2 2026 filings. At least 3 of the 91 current managers on file reported a position, worth $488m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 3
- at least, of 91 current
- Combined value
- $488m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 1
- already held
- Trimmed or sold out
- 1
- 0 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Capital Research Global Investors Long-only · $717bn book | $474m | 0.1% | 2,699,237 | -$22m+316,544 | Added |
| Markel Group Inc Activist · $13.1bn book | $13m | 0.1% | 75,000 | -$2.4m0 | Held |
| Maverick Capital Ltd Long/short equity · $11.3bn book | $1.2m | 0.0% | 6,924 | -$3.6m-16,393 | Trimmed |
Ownership through time
At least 10 of the 95 managers whose filings are on file listed HSY in Q2 2026, against 11 in Q2 2013. 7 managers fewer than in Q1 2026: 1 listed it again; 8 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 11
- Q3 2013: 10
- Q4 2013: 7
- Q1 2014: 15
- Q2 2014: 15
- Q3 2014: 11
- Q4 2014: 11
- Q1 2015: 12
- Q2 2015: 15
- Q3 2015: 15
- Q4 2015: 8
- Q1 2016: 15
- Q2 2016: 13
- Q3 2016: 20
- Q4 2016: 19
- Q1 2017: 16
- Q2 2017: 17
- Q3 2017: 14
- Q4 2017: 14
- Q1 2018: 14
- Q2 2018: 17
- Q3 2018: 17
- Q4 2018: 15
- Q1 2019: 11
- Q2 2019: 12
- Q3 2019: 14
- Q4 2019: 9
- Q1 2020: 13
- Q2 2020: 20
- Q3 2020: 18
- Q4 2020: 16
- Q1 2021: 17
- Q2 2021: 15
- Q3 2021: 16
- Q4 2021: 18
- Q1 2022: 20
- Q2 2022: 20
- Q3 2022: 23
- Q4 2022: 19
- Q1 2023: 26
- Q2 2023: 26
- Q3 2023: 20
- Q4 2023: 22
- Q1 2024: 14
- Q2 2024: 12
- Q3 2024: 8
- Q4 2024: 13
- Q1 2025: 9
- Q2 2025: 12
- Q3 2025: 12
- Q4 2025: 15
- Q1 2026: 17
- Q2 2026: 10
- Q2 2013: $1.1bn
- Q3 2013: $1.2bn
- Q4 2013: $1.1bn
- Q1 2014: $1.5bn
- Q2 2014: $1.3bn
- Q3 2014: $872m
- Q4 2014: $1.1bn
- Q1 2015: $955m
- Q2 2015: $1.1bn
- Q3 2015: $1.2bn
- Q4 2015: $1.1bn
- Q1 2016: $1.4bn
- Q2 2016: $1.7bn
- Q3 2016: $1.6bn
- Q4 2016: $2.0bn
- Q1 2017: $1.6bn
- Q2 2017: $1.9bn
- Q3 2017: $2.0bn
- Q4 2017: $1.8bn
- Q1 2018: $1.9bn
- Q2 2018: $1.9bn
- Q3 2018: $1.8bn
- Q4 2018: $1.6bn
- Q1 2019: $1.5bn
- Q2 2019: $1.8bn
- Q3 2019: $2.0bn
- Q4 2019: $1.4bn
- Q1 2020: $1.4bn
- Q2 2020: $1.5bn
- Q3 2020: $1.6bn
- Q4 2020: $1.8bn
- Q1 2021: $1.7bn
- Q2 2021: $1.9bn
- Q3 2021: $1.9bn
- Q4 2021: $2.2bn
- Q1 2022: $2.4bn
- Q2 2022: $2.8bn
- Q3 2022: $3.0bn
- Q4 2022: $2.8bn
- Q1 2023: $3.4bn
- Q2 2023: $3.3bn
- Q3 2023: $2.4bn
- Q4 2023: $2.0bn
- Q1 2024: $1.5bn
- Q2 2024: $1.0bn
- Q3 2024: $269m
- Q4 2024: $555m
- Q1 2025: $424m
- Q2 2025: $1.1bn
- Q3 2025: $1.5bn
- Q4 2025: $1.2bn
- Q1 2026: $3.0bn
- Q2 2026: $1.6bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
No manager on file started a position.
Largest increases, by shares
- Capital World Investors2,750,000 to 3,500,000 shares+$132m
- Invesco Ltd1,702,443 to 2,022,858 shares+$56m
- Capital Research Global Investors2,382,693 to 2,699,237 shares+$56m
- Voloridge Investment Management LLC55,396 to 101,666 shares+$8.1m
- Neuberger Berman Group LLC307,426 to 343,077 shares+$6.3m
Largest decreases, by shares
- Squarepoint Ops LLC490,844 to 212,599 shares-$49m
- Maverick Capital Ltd23,317 to 6,924 shares-$2.9m
- Man Group PLC374,473 to 365,316 shares-$1.6m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital World Investors | Q2 2013 | $614m | $614m | |
| Capital Research Global Investors | Q1 2025 | $495m | $474m | |
| Invesco Ltd | Q2 2013 | $473m | $355m | |
| Man Group PLC | Q4 2018 | $78m | $64m | |
| Neuberger Berman Group LLC | Q4 2025 | $64m | $60m | |
| Squarepoint Ops LLC | Q1 2015 | $123m | $37m | |
| Voloridge Investment Management LLC | Q2 2015 | $108m | $18m | |
| Markel Group Inc | Q4 2015 | $16m | $13m | |
| Winton Group Ltd | Q2 2014 | $76m | $1.8m | |
| Maverick Capital Ltd | Q1 2017 | $7.1m | $1.2m | |
| Renaissance Technologies LLC | Q2 2013 | $790m | last listed Q2 2024 | |
| Fidelity (FMR LLC) | Q2 2013 | $658m | last listed Q1 2026 | |
| Janus Henderson Group Ltd | Q2 2013 | $477m | last listed Q1 2025 | |
| Citadel Advisors LLC | Q3 2016 | $469m | last listed Q3 2025 | |
| T. Rowe Price Associates Inc | Q3 2016 | $442m | last listed Q3 2023 | |
| Two Sigma Investments LP | Q2 2013 | $411m | last listed Q1 2026 | |
| Wellington Management Group LLP | Q1 2016 | $330m | last listed Q2 2023 | |
| AllianceBernstein LP | Q2 2013 | $313m | last listed Q3 2019 | |
| Acadian Asset Management LLC | Q3 2013 | $299m | last listed Q2 2024 | |
| Balyasny Asset Management LLC | Q3 2015 | $233m | last listed Q1 2026 |
What HSY is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around HSY →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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