Cliff Asness's HSY Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 199,879 shares of The Hershey Company (HSY) worth $36.37 M, representing 0.02% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in HSY, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2013, adding 400,072 shares. Largest reduction occurred in Q2 2019, reducing 321,545 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's The Hershey Company (HSY) Holding Value Over Time
Track share changes against reported price movement
Quarterly The Hershey Company (HSY) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +3,179 | Add 1.62% | 199,879 | $181.98 |
| Q3 2025 | -22,459 | Reduce 10.25% | 196,700 | $184.03 |
| Q2 2025 | +4,266 | Add 1.99% | 219,159 | $165.95 |
| Q1 2025 | -70,762 | Reduce 24.77% | 214,893 | $170.62 |
| Q4 2024 | -46,232 | Reduce 13.93% | 285,655 | $168.70 |
| Q3 2024 | -93,726 | Reduce 22.02% | 331,887 | $191.78 |
| Q2 2024 | +91,598 | Add 27.42% | 425,613 | $183.83 |
| Q1 2024 | -48,956 | Reduce 12.78% | 334,015 | $194.50 |
| Q4 2023 | -70,610 | Reduce 15.57% | 382,971 | $184.98 |
| Q3 2023 | -5,292 | Reduce 1.15% | 453,581 | $200.08 |
| Q2 2023 | -23,938 | Reduce 4.96% | 458,873 | $248.49 |
| Q1 2023 | -32,446 | Reduce 6.30% | 482,811 | $254.41 |
| Q4 2022 | -69,030 | Reduce 11.81% | 515,257 | $231.57 |
| Q3 2022 | -54,872 | Reduce 8.59% | 584,287 | $220.47 |
| Q2 2022 | -155,316 | Reduce 19.55% | 639,159 | $215.16 |
| Q1 2022 | -43,404 | Reduce 5.18% | 794,475 | $216.63 |
| Q4 2021 | -49,117 | Reduce 5.54% | 837,879 | $191.20 |
| Q3 2021 | +72,783 | Add 8.94% | 886,996 | $169.25 |
| Q2 2021 | -61,951 | Reduce 7.07% | 814,213 | $172.88 |
| Q1 2021 | -14,419 | Reduce 1.62% | 876,164 | $158.01 |
| Q4 2020 | +56,710 | Add 6.80% | 890,583 | $150.39 |
| Q3 2020 | -50,676 | Reduce 5.73% | 833,873 | $141.69 |
| Q2 2020 | -18,635 | Reduce 2.06% | 884,549 | $128.06 |
| Q1 2020 | +256,936 | Add 39.76% | 903,184 | $132.50 |
| Q4 2019 | +139,088 | Add 27.42% | 646,248 | $146.98 |
| Q3 2019 | -72,911 | Reduce 12.57% | 507,160 | $154.99 |
| Q2 2019 | -321,545 | Reduce 35.66% | 580,071 | $134.03 |
| Q1 2019 | +267,597 | Add 42.21% | 901,616 | $114.49 |
| Q4 2018 | +130,041 | Add 25.80% | 634,019 | $107.18 |
| Q3 2018 | -14,381 | Reduce 2.77% | 503,978 | $102.00 |
| Q2 2018 | -306,765 | Reduce 37.18% | 518,359 | $93.06 |
| Q1 2018 | -220,070 | Reduce 21.06% | 825,124 | $98.96 |
| Q4 2017 | -67,413 | Reduce 6.06% | 1.05 M | $113.51 |
| Q3 2017 | -92,877 | Reduce 7.70% | 1.11 M | $109.17 |
| Q2 2017 | +345,992 | Add 40.26% | 1.21 M | $107.37 |
| Q1 2017 | -28,061 | Reduce 3.16% | 859,492 | $109.25 |
| Q4 2016 | +378,271 | Add 74.28% | 887,553 | $103.43 |
| Q3 2016 | -16,367 | Reduce 3.11% | 509,282 | $95.60 |
| Q2 2016 | +225,529 | Add 75.15% | 525,649 | $113.49 |
| Q1 2016 | +1,879 | Add 0.63% | 300,120 | $92.09 |
| Q4 2015 | +49,105 | Add 19.71% | 298,241 | $89.27 |
| Q3 2015 | -5,379 | Reduce 2.11% | 249,136 | $91.88 |
| Q2 2015 | +25,392 | Add 11.08% | 254,515 | $88.83 |
| Q1 2015 | -97,272 | Reduce 29.80% | 229,123 | $100.91 |
| Q4 2014 | +18,288 | Add 5.94% | 326,395 | $103.93 |
| Q3 2014 | -237,139 | Reduce 43.49% | 308,107 | $95.43 |
| Q2 2014 | +1,200 | Add 0.22% | 545,246 | $97.37 |
| Q1 2014 | -97,300 | Reduce 15.17% | 544,046 | $104.40 |
| Q4 2013 | +18,600 | Add 2.99% | 641,346 | $97.23 |
| Q3 2013 | +54,737 | Add 9.64% | 622,746 | $92.50 |
| Q2 2013 | +568,009 | Add 0.00% | 568,009 | $89.28 |
| Q4 2012 | +167,937 | Add 0.00% | 167,937 | $72.22 |
Cliff Asness's The Hershey Company Investment FAQs
Cliff Asness first purchased The Hershey Company (HSY) in Q4 2012, acquiring 167,937 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held The Hershey Company (HSY) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to The Hershey Company (HSY) was in Q2 2013, adding 568,009 shares worth $50.71 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 199,879 shares of The Hershey Company (HSY), valued at approximately $36.37 M.
As of the Q4 2025 filing, The Hershey Company (HSY) represents approximately 0.02% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in The Hershey Company (HSY) was 1,205,484 shares, as reported at the end of Q2 2017.