Hershey Shares Sold by Oak Thistle LLC

Institutional investor reduces stake in chocolate giant

Apr. 11, 2026 at 9:50am

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A high-contrast, black-and-white close-up image of the inner workings of a large, industrial chocolate factory, capturing the scale and complexity of the machinery involved in mass-producing chocolate products.The intricate, industrial machinery that powers Hershey's vast chocolate production network remains a closely guarded secret, even as the company's ownership structure shifts.Hershey Today

Oak Thistle LLC, an institutional investor, has reduced its holdings in Hershey Company (NYSE: HSY) by 73.8% during the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 3,948 shares of the company's stock, down from 15,048 shares previously.

Why it matters

Hershey is a major player in the confectionery and snack industry, and changes in institutional ownership can provide insights into market sentiment and potential shifts in the company's strategic direction.

The details

According to the 13F filing, Oak Thistle LLC sold 11,100 shares of Hershey stock during the fourth quarter, reducing its total holdings to 3,948 shares valued at $718,000. This follows a broader trend of institutional investors adjusting their positions in Hershey, with several other large firms like State Street Corp, Northern Trust Corp, and Capital Research Global Investors also making changes to their Hershey holdings in recent quarters.

  • The 13F filing covers the fourth quarter of 2025.
  • Oak Thistle LLC's previous holdings in Hershey were reported in the third quarter of 2025.

The players

Oak Thistle LLC

An institutional investor that has reduced its stake in Hershey Company.

Hershey Company

A leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania.

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The takeaway

The reduction in Oak Thistle LLC's Hershey holdings reflects the ongoing shifts in institutional ownership of the company, which could signal changes in market sentiment or strategic priorities for the chocolate giant. As a major player in the confectionery industry, Hershey's performance and ownership structure will continue to be closely watched by investors and analysts.