The Hershey Company
MX ˙ BMV ˙ US4278661081
SecurityMX:HSY / The Hershey Company
InstitutionMorgan Stanley
Latest Disclosed Ownership3,942,865 shares
Latest Disclosed Value $ 819,682,918
Morgan Stanley reports 19.18% increase in ownership of HSY / The Hershey Company

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 3,942,865 shares of The Hershey Company (MX:HSY) valued at $819,682,918 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 3,308,408 shares of The Hershey Company. This represents a change in shares of 19.18% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F HERSHEY COM 427866108 3,942,865 634,457 19.18 819,683 36.15 0.0494
2026-05-27 2025-12-31 13F/A-1 HERSHEY COM 427866108 3,308,408 -345,931 -9.47 602,065 -11.92 0.0359
2026-02-13 2025-12-31 13F HERSHEY COM 427866108 3,308,408 -345,931 602,065 0.0359
2026-05-27 2025-09-30 13F/A-1 HERSHEY COM 427866108 3,654,339 157,296 4.50 683,545 17.78 0.0414
2025-11-14 2025-09-30 13F HERSHEY COM 427866108 3,654,339 157,296 683,545 0.0414
2025-08-15 2025-06-30 13F HERSHEY COM 427866108 3,497,043 292,325 9.12 580,335 5.88 0.0378
2025-05-15 2025-03-31 13F HERSHEY COM 427866108 3,204,718 633,855 24.66 548,103 25.89 0.0392
2025-05-15 2024-12-31 13F/A-1 HERSHEY COM 427866108 2,570,863 -162,852 -5.96 435,376 -16.96 0.0305
2025-02-14 2024-12-31 13F HERSHEY COM 427866108 2,570,863 -162,852 435,376 0.0305
2025-05-14 2024-09-30 13F/A-2 HERSHEY COM 427866108 2,733,715 327,735 13.62 524,273 18.54 0.0380
2025-02-14 2024-09-30 13F/A-1 HERSHEY COM 427866108 2,733,715 327,735 524,273 0.0380
2024-11-14 2024-09-30 13F HERSHEY COM 427866108 2,733,715 327,735 524,273 0.0380
2025-05-14 2024-06-30 13F/A-2 HERSHEY COM 427866108 2,405,980 -45,767 -1.87 442,292 -7.25 0.0342
2024-10-17 2024-06-30 13F/A-1 HERSHEY COM 427866108 2,405,980 -45,767 442,292 0.0342
2024-08-14 2024-06-30 13F HERSHEY COM 427866108 2,405,980 -45,767 442,292 0.0342
2024-10-17 2024-03-31 13F/A-2 HERSHEY COM 427866108 2,451,747 -493,946 -16.77 476,866 -13.17 0.0383
2024-08-16 2024-03-31 13F/A-1 HERSHEY COM 427866108 2,451,747 -493,946 476,866 0.0383
2024-05-15 2024-03-31 13F HERSHEY COM 427866108 2,451,747 -493,946 476,866 0.0383
2024-08-16 2023-12-31 13F/A-1 HERSHEY COM 427866108 2,945,693 481,816 19.56 549,196 11.40 0.0484
2024-02-13 2023-12-31 13F HERSHEY COM 427866108 2,945,693 481,816 549,196 0.0484
2023-11-15 2023-09-30 13F HERSHEY COM 427866108 2,463,877 -352,121 -12.50 492,973 -29.89 0.0501
2023-08-14 2023-06-30 13F HERSHEY COM 427866108 2,815,998 118,967 4.41 703,155 2.48 0.0693
2023-05-15 2023-03-31 13F HERSHEY COM 427866108 2,697,031 48,365 1.83 686,152 11.87 0.0736
2023-02-14 2022-12-31 13F HERSHEY COM 427866108 2,648,666 964,019 57.22 613,352 65.14 0.0697
2022-11-14 2022-09-30 13F HERSHEY COM 427866108 1,684,647 51,798 3.17 371,414 5.72 0.0506
2022-10-27 2022-06-30 13F/A-1 HERSHEY COM 427866108 1,632,849 766,334 88.44 351,323 87.16 0.0456
2022-08-15 2022-06-30 13F HERSHEY COM 427866108 1,632,849 766,334 351,323 0.0456
2022-10-27 2022-03-31 13F/A-1 HERSHEY COM 427866108 866,515 -102,665 -10.59 187,714 0.11 0.0253
2022-05-13 2022-03-31 13F HERSHEY COM 427866108 866,515 -102,665 187,714 0.0253
2022-02-14 2021-12-31 13F HERSHEY COM 427866108 969,180 120,947 14.26 187,507 30.61 0.0232
2021-11-15 2021-09-30 13F HERSHEY COM 427866108 848,233 35,397 4.35 143,564 1.40 0.0193
2021-08-23 2021-06-30 13F/A-1 HERSHEY COM 427866108 812,836 -26,437 -3.15 141,579 6.66 0.0187
2021-08-23 2021-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 41,344,433 2,238,808 556,497 0.0734
2021-08-16 2021-06-30 13F HERSHEY COM 427866108 812,836 -26,437 141,579 0.0039
2021-08-16 2021-06-30 13F GENERAL ELECTRIC COM 369604103 41,344,433 2,238,808 556,497 0.0153
2021-05-17 2021-03-31 13F HERSHEY COM 427866108 839,273 -29,889 -3.44 132,740 0.26 0.0195
2021-05-17 2021-03-31 13F GENERAL ELECTRIC COM 369604103 39,105,625 5,630,869 513,458 0.0754
2021-02-16 2020-12-31 13F HERSHEY COM 427866108 869,162 261,391 43.01 132,398 51.97 0.0204
2021-02-16 2020-12-31 13F GENERAL ELECTRIC COM 369604103 33,474,756 313,932 361,528 0.0558
2020-11-13 2020-09-30 13F HERSHEY COM 427866108 607,771 128,092 26.70 87,119 40.12 0.0169
2020-11-13 2020-09-30 13F GENERAL ELECTRIC COM 369604103 33,160,824 -2,024,741 206,593 0.0400
2020-08-14 2020-06-30 13F HERSHEY COM 427866108 479,679 -44,797 -8.54 62,176 -10.53 0.0138
2020-08-14 2020-06-30 13F GENERAL ELECTRIC COM 369604103 35,185,565 7,204,037 240,317 0.0532
2020-05-26 2020-03-31 13F/A-1 HERSHEY COM 427866108 524,476 -36,414 -6.49 69,493 -15.70 0.0189
2020-05-26 2020-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 27,981,528 -2,842,077 222,173 0.0604
2020-05-15 2020-03-31 13F HERSHEY COM 427866108 524,476 -36,414 69,493 5,338.5111
2020-05-15 2020-03-31 13F GENERAL ELECTRIC COM 369604103 27,981,528 -2,842,077 222,173 60,266.9577
2020-02-14 2019-12-31 13F HERSHEY COM 427866108 560,890 -8,208 -1.44 82,438 -6.53 0.0192
2020-02-14 2019-12-31 13F GENERAL ELECTRIC COM 369604103 30,823,605 4,436,992 343,990 0.0800
2019-11-14 2019-09-30 13F HERSHEY COM 427866108 569,098 38,593 7.27 88,202 24.05 0.0233
2019-11-14 2019-09-30 13F GENERAL ELECTRIC COM 369604103 26,386,613 -520,568 235,896 0.0624
2019-08-14 2019-06-30 13F HERSHEY COM 427866108 530,505 -379,974 -41.73 71,103 -31.99 0.0189
2019-08-14 2019-06-30 13F GENERAL ELECTRIC COM 369604103 26,907,181 -2,376,051 282,524 0.0752
2019-05-15 2019-03-31 13F HERSHEY COM 427866108 910,479 -36,422 -3.85 104,549 3.02 0.0296
2019-05-15 2019-03-31 13F GENERAL ELECTRIC COM 369604103 29,283,232 -4,556,587 292,540 0.0828
2019-02-14 2018-12-31 13F HERSHEY COM 427866108 946,901 156,340 19.78 101,489 25.86 0.0304
2019-02-14 2018-12-31 13F GENERAL ELECTRIC COM 369604103 33,839,819 -6,984,867 256,167 0.0767
2019-04-23 2018-09-30 13F/A-2 HERSHEY COM 427866108 790,561 -283,197 -26.37 80,638 -19.30 0.0202
2019-04-23 2018-09-30 13F/A-2 GENERAL ELECTRIC COM 369604103 40,824,686 -13,683,097 460,911 0.1154
2018-11-20 2018-09-30 13F/A-1 HERSHEY COM 427866108 790,561 0 80,638 0.0202
2018-11-20 2018-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 40,824,686 0 460,911 0.1154
2018-11-14 2018-09-30 13F HERSHEY COM 427866108 790,561 -283,197 80,638
2018-11-14 2018-09-30 13F GENERAL ELECTRIC COM 369604103 40,824,686 -13,683,097 460,911
2019-04-23 2018-06-30 13F/A-1 HERSHEY COM 427866108 1,073,758 370,478 52.68 99,924 43.58 0.0270
2019-04-23 2018-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 54,507,783 11,294,608 741,852 0.2004
2018-08-14 2018-06-30 13F HERSHEY COM 427866108 1,073,758 370,478 99,924
2018-08-14 2018-06-30 13F GENERAL ELECTRIC COM 369604103 54,507,783 11,294,608 741,852
2019-04-23 2018-03-31 13F/A-1 HERSHEY COM 427866108 703,280 -33,338 -4.53 69,596 -16.77 0.0193
2019-04-23 2018-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 43,213,175 -15,760,653 582,515 0.1617
2018-05-14 2018-03-31 13F HERSHEY COM 427866108 703,280 -33,338 69,596
2018-05-14 2018-03-31 13F GENERAL ELECTRIC COM 369604103 43,213,175 -15,760,653 582,515
2019-04-23 2017-12-31 13F/A-1 HERSHEY COM 427866108 736,618 77,786 11.81 83,614 16.25 0.0229
2019-04-23 2017-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 58,973,828 -25,126,850 1,029,094 0.2817
2018-02-14 2017-12-31 13F HERSHEY COM 427866108 736,618 77,786 83,614
2018-02-14 2017-12-31 13F GENERAL ELECTRIC COM 369604103 58,973,828 -25,126,850 1,029,094
2017-11-14 2017-09-30 13F HERSHEY COM 427866108 658,832 42,451 6.89 71,925 8.68 0.0215
2017-11-14 2017-09-30 13F GENERAL ELECTRIC COM 369604103 84,100,678 10,042,491 2,033,557 0.6091
2017-08-11 2017-06-30 13F HERSHEY COM 427866108 616,381 -6,441 -1.03 66,181 -2.74 0.0200
2017-08-11 2017-06-30 13F GENERAL ELECTRIC COM 369604103 74,058,187 3,011,487 2,000,311 0.6043
2017-05-22 2017-03-31 13F/A-1 HERSHEY COM 427866108 622,822 71,529 12.97 68,043 19.33 0.0209
2017-05-22 2017-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 71,046,700 6,655,969 2,117,190 0.6507
2017-05-12 2017-03-31 13F HERSHEY COM 427866108 622,822 68,043
2017-05-12 2017-03-31 13F GENERAL ELECTRIC COM 369604103 71,046,700 2,117,190
2017-02-22 2016-12-31 13F/A-1 HERSHEY COM 427866108 551,293 -15,195 -2.68 57,019 5.28 0.0187
2017-02-22 2016-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 64,390,731 6,419 2,034,745 0.6659
2017-02-13 2016-12-31 13F HERSHEY COM 427866108 551,293 57,019
2017-02-13 2016-12-31 13F GENERAL ELECTRIC COM 369604103 64,390,731 2,034,745
2016-11-10 2016-09-30 13F HERSHEY COM 427866108 566,488 -1,048,451 -64.92 54,158 -70.45 0.0185
2016-11-10 2016-09-30 13F GENERAL ELECTRIC COM 369604103 64,384,312 -6,777,229 1,907,063 0.6513
2016-08-12 2016-06-30 13F HERSHEY COM 427866108 1,614,939 286,050 21.53 183,280 49.77 0.0662
2016-08-12 2016-06-30 13F GENERAL ELECTRIC COM 369604103 71,161,541 22,366,910 2,240,163 0.8091
2016-05-12 2016-03-31 13F HERSHEY COM 427866108 1,328,889 -84,051 -5.95 122,378 -2.98 0.0471
2016-05-12 2016-03-31 13F GENERAL ELECTRIC COM 369604103 48,794,631 -58,084 1,551,182 0.5969
2016-02-09 2015-12-31 13F HERSHEY COM 427866108 1,412,940 70,652 5.26 126,134 2.27 0.0457
2016-02-09 2015-12-31 13F GENERAL ELECTRIC COM 369604103 48,852,715 -4,154,216 1,521,760 0.5508
2016-02-08 2015-09-30 13F/A-1 HERSHEY COM 427866108 1,342,288 817,010 155.54 123,329 164.31 0.0456
2016-02-08 2015-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 53,006,931 3,567,177 1,336,835 0.4940
2015-11-09 2015-09-30 13F HERSHEY COM 427866108 1,342,288 123,329
2015-11-09 2015-09-30 13F GENERAL ELECTRIC COM 369604103 53,006,931 1,336,835
2015-08-12 2015-06-30 13F HERSHEY COM 427866108 525,278 -45,556 -7.98 46,661 -19.00 0.0162
2015-08-12 2015-06-30 13F GENERAL ELECTRIC COM 369604103 49,439,754 -124,619 1,313,614 0.4553
2015-05-14 2015-03-31 13F HERSHEY COM 427866108 570,834 69,459 13.85 57,603 10.55 0.0212
2015-05-14 2015-03-31 13F GENERAL ELECTRIC COM 369604103 49,564,373 -3,718,179 1,229,693 0.4529
2015-02-13 2014-12-31 13F HERSHEY COM 427866108 501,375 -73,900 -12.85 52,107 -5.09 0.0191
2015-02-13 2014-12-31 13F GENERAL ELECTRIC COM 369604103 53,282,552 2,688,437 1,346,450
2014-12-16 2014-09-30 13F/A-1 HERSHEY COM 427866108 575,275 -496,474 -46.32 54,899 -50.94 0.0211
2014-12-16 2014-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 50,594,115 1,949,639 1,296,223 0.4984
2014-11-14 2014-09-30 13F HERSHEY COM 427866108 575,275 54,899
2014-11-14 2014-09-30 13F GENERAL ELECTRIC COM 369604103 50,594,115 1,296,223
2014-05-13 2014-03-31 13F HERSHEY COM 427866108 1,071,749 161,601 17.76 111,891 26.44 0.0469
2014-05-13 2014-03-31 13F GENERAL ELECTRIC COM 369604103 48,644,476 2,457,877 1,259,403 0.5274
2014-02-13 2013-12-31 13F HERSHEY COM 427866108 910,148 139,616 18.12 88,495 24.16 0.0376
2014-02-13 2013-12-31 13F GENERAL ELECTRIC COM 369604103 46,186,599 85 1,294,611 0.5507
2013-11-13 2013-09-30 13F THE HERSHEY CO COM ST COM 427866108 770,532 104,755 15.73 71,273 19.91 0.0337
2013-11-13 2013-09-30 13F GENERAL ELECTRIC CO COM ST COM 369604103 46,186,514 308,147 1,103,395 0.5216
2013-08-08 2013-06-30 13F THE HERSHEY CO COM ST COM 427866108 665,777 665,777 59,441 0.0300
2013-08-08 2013-06-30 13F GENERAL ELECTRIC CO COM ST COM 369604103 45,878,367 45,878,367 1,063,918 0.5367
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.