Hershey Financial Advisers, LLC
SEC Form 13F institutional filer · CIK 0002034214
13F-HR · 20 reported holdings · 2026-03-31
Reported long-US-equity value
$0.04B
Top-10 concentration
76.6%
Hershey Financial Advisers, LLC — $36.1M AUM allocation strategy
Hershey Financial Advisers, LLC files SEC Form 13F and reports $36.1M of long US equity value across 20 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 23.6%, followed by Financials 23.4% and Industrials 11.5%.
The top 10 holdings account for 77% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Hershey Financial Advisers, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$36.1M
total across 20 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
77% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVV +84.8K sh · +$3.05M+$VOO +13.6K sh · +$840K+$SPGI +5K sh · +$522K
Biggest trims (shares)
−$SCHW −25K sh · −$714K−$MU −5.6K sh · −$1.54M−$NVDA −964 sh · −$202K
Exited to nil (held last quarter, gone now)
$EXPE ($1.68M last qtr)$DLTR ($1.65M last qtr)$DG ($1.63M last qtr)$LLY ($1.57M last qtr)$TSLA ($1.49M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Investment Banking & Brokerage11.8%—
- Technology Hardware, Storage & Peripherals10.4%—
- Asset Management & Custody Banks8.5%—
- Semiconductor Materials & Equipment6.5%—
- Specialty Chemicals6.0%—
- Health Care Supplies5.1%—
- Oil & Gas Exploration & Production5.0%—
- Heavy Electrical Equipment4.8%—
- Other holdings41.9%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
8 of 8 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GS | Goldman Sachs Group Inc | 38.7K | $3.88M | — | 10.7% |
| $IVZ | Invesco Ltd | 35.7K | $3.06M | +3.89K | 8.5% |
| $AMAT | Applied Materials Inc | 6.82K | $2.33M | +347 | 6.5% |
| $DELL | Dell Technologies Inc | 13.2K | $2.17M | — | 6.0% |
| $ALB | Albemarle Corporation | 12.1K | $2.16M | +552 | 6.0% |
| $ALGN | Align Technology Inc | 10.7K | $1.83M | +373 | 5.1% |
| $APA | APA Corporation | 42.3K | $1.79M | — | 5.0% |
| $GEV | GE Vernova Inc | 1.97K | $1.72M | — | 4.8% |
…and 12 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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