Assetmark Inc. cuts holdings in Hershey and HubSpot stocks

Assetmark Inc. filed a 13F report showing it trimmed its position in The Hershey Company by 60.9% during the first quarter, leaving the fund with 6,396 shares valued at roughly $1.33 million. In the same filing, the firm reduced its stake in HubSpot Inc. by 67.4% in the first quarter, ending the period with 5,688 shares worth about $1.39 million.

Both reductions represent sizable sell‑offs of the fund’s holdings in the two publicly traded companies, while other institutional investors continued to adjust their positions and insiders at the companies reported modest sales of their own shares.