# Hershey (HSY): value investors who own it | moatshark

2 value investors held Hershey in their Q3 2026 13F, led by Mairs & Power, Markel Group. See who bought, sold and how ownership has changed by quarter.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Mairs & Power | 0.1% | $10.7m | Trimmed -5.4% | 53 |
| Markel Group | 0.1% | $13.2m | Unchanged | 10 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-10-16 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 7457 | $1.3m |
| 2026-10-16 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 1512 | $259k |
| 2026-10-16 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 1030 | $175k |
| 2026-10-16 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 1 | $0k |
| 2026-10-15 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 7181 | $1.2m |
| 2026-10-15 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 1326 | $222k |
| 2026-10-15 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 1286 | $218k |
| 2026-10-15 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 207 | $35k |
| 2026-10-14 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 4649 | $764k |
| 2026-10-14 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 2783 | $452k |
| 2026-10-14 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 2476 | $405k |
| 2026-10-14 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 80 | $13k |
| 2026-10-14 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 12 | $2k |
| 2026-10-13 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 4997 | $816k |
| 2026-10-13 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 4123 | $671k |
| 2026-10-13 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 741 | $122k |
| 2026-10-13 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 139 | $23k |
| 2026-10-12 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 7185 | $1.2m |
| 2026-10-12 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 1664 | $269k |
| 2026-10-12 | HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL | 10% owner | Sold | 894 | $145k |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/hsy). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.