Hershey Trust Co.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Hershey Trust Co. reported 5 stock positions worth $10.3 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 Q3 2025, it sold out of 3, added to 1 and reduced 3. The biggest buy was Alector (ALEC, shares +100%) and the biggest sale an exit from PDD (PDD).
- Most Recent 13F
- Q2 2026
- Location
- HERSHEY, PA
- CIK
- 0000908551
- Portfolio Value
- $10.3B (Q4 2025)
- SEC Filing
- 0000950142-26-000331 ↗ filed Feb 10, 2026
Holdings Value
Holdings 5 stocks · $10.3B
| HERSHEY COMPANY CLASS B | 96.35% | 54,612,012 | $9.9B | No change |
| HSY The Hershey Co. | 3.65% | 2,066,133 | $376.0M | Reduce 0.0% |
| IOT Samsara Inc. Class A | 0.00% | 13,432 | $476K | Reduce -61.0% |
| ABNB Airbnb Inc. Class A | 0.00% | 1,374 | $186K | Reduce -81.1% |
| ALEC Alector Inc. | 0.00% | 20,572 | $32K | Add +100.0% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| ALEC Alector Inc. | Add +100.0% | 0.00% | 0.00 |
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 |