Hershey Trust Co.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Hershey Trust Co. reported 8 stock positions worth $10.6 billion. Its top holding was Hershey Class B at 96.3% of the portfolio, followed by Hershey (HSY, 3.6%) and Samsara Class A (IOT, 0.0%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 1 and reduced 2. The biggest buy was a new position in PDD (PDD) and the biggest sale an exit from Nu Holdings Ltd./Cayman Isl-A (NU).
- Most Recent 13F
- Q2 2026
- Location
- HERSHEY, PA
- CIK
- 0000908551
- Portfolio Value
- $10.6B (Q3 2025)
- SEC Filing
- 0000950142-25-002993 ↗ filed Nov 14, 2025
Holdings Value
Holdings 8 stocks · $10.6B
| HERSHEY COMPANY CLASS B | 96.32% | 54,612,012 | $10.2B | No change |
| HSY The Hershey Co. | 3.64% | 2,066,219 | $386.5M | Reduce -0.0% |
| IOT Samsara Inc. Class A | 0.01% | 34,420 | $1.3M | Add +22.6% |
| PDD PDD Holdings Inc. | 0.01% | 8,123 | $1.1M | New |
| ABNB Airbnb Inc. Class A | 0.01% | 7,259 | $881K | No change |
| FRSH Freshworks Inc. Class A | 0.00% | 10,505 | $124K | New |
| PONY Pony AI Inc. | 0.00% | 4,188 | $94K | Reduce -80.0% |
| ALEC Alector Inc. | 0.00% | 10,286 | $30K | New |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2 | $9.8B | HERSHEY COMPANY CLASS B, HSY |
| Q1 2026 | 3 | $11.8B | HERSHEY COMPANY CLASS B, HSY, IOT |
| Q4 2025 | 5 | $10.3B | HERSHEY COMPANY CLASS B, HSY, IOT, ABNB, ALEC |
| Q3 2025 | 8 | $10.6B | HERSHEY COMPANY CLASS B, HSY, IOT, PDD, ABNB |
| Q2 2025 | 6 | $9.4B | HERSHEY COMPANY CLASS B, HSY, IOT, ABNB, NU |
| Q1 2025 | 6 | $9.7B | HERSHEY COMPANY CLASS B, HSY, NU, SNOW, WRBY |
| Q4 2024 | 5 | $9.6B | HSYFB, HSY, SNOW, CART, HOOD |
| Q3 2024 | 2 | $10.9B | HSYFB, HSY |
| Q2 2024 | 3 | $10.4B | HSYFB, HSY, CFLT |
| Q1 2024 | 5 | $11.0B | HSYFB, HSY, PDD, CFLT, ABNB |