HSY

HSY

HSY

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 9, 2025	Middle Coast Investing	-	-	ABM, BOOM, DECK, HSY, LEVI, LYFT, TRIP, WS	Caution, Hedging, tariffs, uncertainty, valuation	The letter frames the market environment as one of elevated uncertainty driven by tariffs, geopolitics, and policy risk. Management emphasizes cautious positioning, selective equity exposure, and the use of bonds and hedges. Individual stock value remains the core focus despite macro noise.	TRIP ABM DECK LYFT	View
2024 Q1	May 7, 2024	Upslope Capital Management	14.8%	18.1%	BARN SW, HSY	-			View
2025 Q1	Apr 4, 2025	JB Global Capital Fund	-	-	HSY, NKE	-			View
2024 Q1	Apr 15, 2024	Heartland Mid Cap Value Fund	8.2%	9.7%	DCI, HSY, PRGO	-			View
2025 Q1	Mar 31, 2025	The Davenport Value & Income Fund	3.8%	3.8%	AWY, HSY, STZ	-			View
2025 Q4	Dec 31, 2025	Fortress – Fixed Income Fund	0.6%	5.5%	005930.KS, 0700.HK, 1288.HK, 1585.HK, 1878.T, 2318.HK, 392.HK, 3968.HK, 6920.T, 8035.T, 916.HK, ACN, AMAT, AXP, BABA, BBDO, BNZL.L, BRK.B, BTI, CHTR, FMC, GMEXICOB.MX, GRMN, HSY, ITUB, IX, JNJ, LOGI, MC.PA, MRK, NTES, NVO, ORLY, PDD, PHM, ROG.SW, SBS, SNA, TSM, UNH, VALE, VRTX, WKL	AI, Bonds, emerging markets, healthcare, international, technology, Trade Policy, value	Artificial intelligence remained the primary focus for investors in U.S. markets, driving strength in technology names while masking moderation in other economic areas. The AI investment boom continued to power corporate capital expenditures and supply growth, though consumer confidence readings suggest potential underlying softness that could emerge if AI investment moderates. The manager sees excellent value opportunities globally, particularly in international and emerging markets despite strong recent performance. U.S. healthcare and consumer staples have been left behind by the AI frenzy and trade at appealing valuations. Portfolio companies show attractive price/earnings ratios with meaningful long-term return potential. Recent tariff policies continued to negatively impact U.S. consumers and companies throughout the year. However, international companies have been finding new trade arrangements and growth opportunities, benefiting from shifts in global trade patterns as the new U.S. administration alters terms of international cooperation.		View
2023 Q2	Dec 7, 2023	Qualivian Investment Partners	2.4%	15.3%	CPRT, DHR, HSY, LMT, META, MSFT, POOL, UHAL	-			View
2025 Q3	Oct 15, 2025	Upslope Capital Management	8.8%	12.5%	8697 JP, BIO, CHG LN, DPLM LN, EVR, FCN, GOOG, HOLN SW, HSY, IMXI, INTC, KDEF, MKTX, SMIN LN, STE, TDY, WST	AI, defense, healthcare, Quality, valuation	Upslope remains cautious as valuations stretch and shorting speculative names becomes difficult. The fund adds defensive longs in healthcare and new exposure to the Korea Defense ETF, citing global security and cost advantages. Its positioning favors durable, high-quality businesses poised to outperform when speculative excess fades.		View
2024 Q3	Oct 14, 2024	Upslope Capital Management	14.8%	18.1%	7011 JP, 8697 JP, ATR, BARN SW, CHG LN, CME, CMPO, DPLM LN, DSFIR NA, FTT CN, GRMN, HSY, NVT, NWC CN, TDY, WPK CN	-			View
2025 Q4	Jan 13, 2026	Upslope Capital Management	2.0%	14.8%	6954.T, 8697.T, BAH, BIO, CCK, CME, DPLM.L, FCN, GOOGL, HOLN.SW, HSIC, HSY, INTC, MKTX, SAND.ST, SMIN.L, STE, TDY	AI, Automation, defense, healthcare, industrials, Japan, Long/Short, mid cap	Manager exited European defense stocks for the first time since early 2022, citing full valuations and expectations that the Ukraine conflict may wind down. However, maintains exposure through Booz Allen Hamilton and Korea Defense ETF, noting long-term secular tailwinds from rising geopolitical risks and defense spending. AI is described as everywhere, particularly on buyside analyst desktops, contributing to faster market pace and gambling-like behavior. Manager sees AI moving into the physical world as a catalyst for industrial automation companies like Fanuc, which is positioned to benefit from AI's expansion beyond digital applications. Fanuc holds ~50% market share in CNCs and is a leading factory robotics player, positioned to benefit from AI moving into the physical world and rising trade barriers boosting global reshoring. The company serves general industrial, automotive, electronics, and aerospace end markets with global diversification. Portfolio includes Japan Exchange Group benefiting from ongoing Japanese equity market structure reforms and corporate governance improvements. Fanuc represents exposure to leading Japanese industrials with fortress balance sheets and global market leadership in automation.	HSIC 6954 JP CCK BAH	View
2024 Q4	Jan 12, 2025	GreensKeeper Value Fund	-	23.6%	CSCO, ELV, HSY, LULU, MA, MC FP, MSTR, NKE, SHVA IT, V	-			View
2024 Q3	Sep 30, 2024	Mairs & Power – Balanced Fund	0.0%	11.0%	AMP, CASY, HSY, LFUS, LLY, NVDA, TTC	-			View
2024 Q2	Jul 23, 2024	Mairs & Power – Balanced Fund	0.0%	11.0%	AMP, CASY, HSY, LLY, UNH	-			View
2024 Q2	Jul 19, 2024	GreensKeeper Value Fund	4.7%	16.7%	BRK/B, ELV, GOOG, HSY, V, VRTX	-			View
2024 Q2	Jul 15, 2024	Upslope Capital Management	14.8%	18.1%	8697 JP, ATR, BARN SW, CACI, CHG LN, DPLM LN, DSFIR NL, DSFIY, FTT CN, GRMN, HSY, KOZ0 GR, NVT, NWG CN, TDY, WPK CN	-			View
2023 Q4	Jan 28, 2024	Mairs & Power – Balanced Fund	0.0%	11.0%	CRM, ECL, ENTG, FI, HSY, LLY, MSFT, NTRS, SHW, TXN	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Oct 24, 2025	Value Investors Club	angus309	Hershey Co.	Consumer Staples	Packaged Foods	Bull	NYSE	Cocoa, Dividend compounder, GLP-1, Ozempic, Pricing power, Weightloss	View Pitch
Sep 16, 2025	Short Thesis	Bear Cave	Hershey Co/The	Consumer Staples	Packaged Foods & Meats (Confectionery)	Bear	NYSE	Chocolate, ESG, inflation, Pricing, Snacks	View Pitch
Sep 16, 2025	Short Thesis	Grizzly research	Hershey Co/The	Consumer Staples	Packaged Foods & Meats (Confectionery)	Bear	NYSE	Brand risk, Chocolate, Cocoa, inflation, Pricing	View Pitch
Aug 7, 2025	Seeking Alpha	The Alpha Analyst	The Hershey Company	Consumer Staples	Confectioners	Neutral	NYSE	—	View Pitch

BSD Shareholders of HSY

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: