Cliff Asness's HSY Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 196,700 shares of The Hershey Company (HSY) worth $36.2 M, representing 0.02% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 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 2012 | +167,938 | Add 0.00% | 167,937 | $72.22 |
| Q2 2013 | +568,010 | Add 0.00% | 568,009 | $89.28 |
| Q3 2013 | +54,737 | Add 9.64% | 622,746 | $92.50 |
| Q4 2013 | +18,600 | Add 2.99% | 641,346 | $97.23 |
| Q1 2014 | -97,300 | Reduce 15.17% | 544,046 | $104.40 |
| Q2 2014 | +1,200 | Add 0.22% | 545,246 | $97.37 |
| Q3 2014 | -237,139 | Reduce 43.49% | 308,107 | $95.43 |
| Q4 2014 | +18,288 | Add 5.94% | 326,395 | $103.93 |
| Q1 2015 | -97,272 | Reduce 29.80% | 229,123 | $100.91 |
| Q2 2015 | +25,392 | Add 11.08% | 254,515 | $88.83 |
| Q3 2015 | -5,379 | Reduce 2.11% | 249,136 | $91.88 |
| Q4 2015 | +49,105 | Add 19.71% | 298,241 | $89.27 |
| Q1 2016 | +1,879 | Add 0.63% | 300,120 | $92.09 |
| Q2 2016 | +225,529 | Add 75.15% | 525,649 | $113.49 |
| Q3 2016 | -16,367 | Reduce 3.11% | 509,282 | $95.60 |
| Q4 2016 | +378,271 | Add 74.28% | 887,553 | $103.43 |
| Q1 2017 | -28,061 | Reduce 3.16% | 859,492 | $109.25 |
| Q2 2017 | +345,992 | Add 40.26% | 1.21 M | $107.37 |
| Q3 2017 | -92,877 | Reduce 7.70% | 1.11 M | $109.17 |
| Q4 2017 | -67,413 | Reduce 6.06% | 1.05 M | $113.51 |
| Q1 2018 | -220,070 | Reduce 21.06% | 825,124 | $98.96 |
| Q2 2018 | -306,765 | Reduce 37.18% | 518,359 | $93.06 |
| Q3 2018 | -14,381 | Reduce 2.77% | 503,978 | $102.00 |
| Q4 2018 | +130,041 | Add 25.80% | 634,019 | $107.18 |
| Q1 2019 | +267,597 | Add 42.21% | 901,616 | $114.49 |
| Q2 2019 | -321,545 | Reduce 35.66% | 580,071 | $134.03 |
| Q3 2019 | -72,911 | Reduce 12.57% | 507,160 | $154.99 |
| Q4 2019 | +139,088 | Add 27.42% | 646,248 | $146.98 |
| Q1 2020 | +256,936 | Add 39.76% | 903,184 | $132.50 |
| Q2 2020 | -18,635 | Reduce 2.06% | 884,549 | $128.06 |
| Q3 2020 | -50,676 | Reduce 5.73% | 833,873 | $141.69 |
| Q4 2020 | +56,710 | Add 6.80% | 890,583 | $150.39 |
| Q1 2021 | -14,419 | Reduce 1.62% | 876,164 | $158.01 |
| Q2 2021 | -61,951 | Reduce 7.07% | 814,213 | $172.88 |
| Q3 2021 | +72,783 | Add 8.94% | 886,996 | $169.25 |
| Q4 2021 | -49,117 | Reduce 5.54% | 837,879 | $191.20 |
| Q1 2022 | -43,404 | Reduce 5.18% | 794,475 | $216.63 |
| Q2 2022 | -155,316 | Reduce 19.55% | 639,159 | $215.16 |
| Q3 2022 | -54,872 | Reduce 8.59% | 584,287 | $220.47 |
| Q4 2022 | -69,030 | Reduce 11.81% | 515,257 | $231.57 |
| Q1 2023 | -32,446 | Reduce 6.30% | 482,811 | $254.41 |
| Q2 2023 | -23,938 | Reduce 4.96% | 458,873 | $248.49 |
| Q3 2023 | -5,292 | Reduce 1.15% | 453,581 | $200.08 |
| Q4 2023 | -70,610 | Reduce 15.57% | 382,971 | $184.98 |
| Q1 2024 | -48,956 | Reduce 12.78% | 334,015 | $194.50 |
| Q2 2024 | +91,598 | Add 27.42% | 425,613 | $183.83 |
| Q3 2024 | -93,726 | Reduce 22.02% | 331,887 | $191.78 |
| Q4 2024 | -46,232 | Reduce 13.93% | 285,655 | $168.70 |
| Q1 2025 | -70,762 | Reduce 24.77% | 214,893 | $170.62 |
| Q2 2025 | +4,266 | Add 1.99% | 219,159 | $165.95 |
| Q3 2025 | -22,459 | Reduce 10.25% | 196,700 | $184.03 |
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 52 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 Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 196,700 shares of The Hershey Company (HSY), valued at approximately $36.2 M.
As of the Q3 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.