The Hershey Company
MX ˙ BMV ˙ US4278661081
SecurityMX:HSY / The Hershey Company
InstitutionNorges Bank
Latest Disclosed Ownership1,497,448 shares
Latest Disclosed Value $ 272,505,587
Norges Bank ownership in HSY / The Hershey Company

On February 10, 2026 - Norges Bank filed a 13F-HR form disclosing ownership of 1,497,448 shares of The Hershey Company (MX:HSY) valued at $272,505,587 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 0 shares of The Hershey Company.

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)
2026-02-10 2025-12-31 13F HERSHEY COM 427866108 1,497,448 1,497,448 272,506 0.0292
2025-11-13 2025-09-30 13F HERSHEY COM 427866108 0 -1,412,387 -100.00 0 -100.00
2025-08-13 2025-06-30 13F HERSHEY COM 427866108 1,412,387 28,536 2.06 234,386 -0.97 0.0293
2026-05-11 2025-03-31 13F/A-1 HERSHEY COM 427866108 1,383,851 1,350,678 4,071.62 236,680 4,113.64 0.0332
2025-02-12 2024-12-31 13F HERSHEY COM 427866108 33,173 -1,710,549 -98.10 5,618 -98.32 0.0007
2025-11-12 2024-09-30 13F/A-1 HERSHEY COM 427866108 1,743,722 -2,212 -0.13 334,411 4.19 0.0467
2024-08-14 2024-06-30 13F HERSHEY COM 427866108 1,745,934 -16,039 -0.91 320,955 -6.35 0.0480
2025-05-14 2024-03-31 13F/A-1 HERSHEY COM 427866108 1,761,973 -112,346 -5.99 342,704 -1.93 0.0541
2024-02-09 2023-12-31 13F HERSHEY COM 427866108 1,874,319 56,936 3.13 349,448 -3.90 0.0611
2024-11-13 2023-09-30 13F/A-1 HERSHEY COM 427866108 1,817,383 69,712 3.99 363,622 -16.68 0.0738
2024-08-14 2023-06-30 13F/A-1 HERSHEY COM 427866108 1,747,671 58,180 3.44 436,393 1.53 0.0861
2024-05-15 2023-03-31 13F/A-1 HERSHEY COM 427866108 1,689,491 -88,925 -5.00 429,823 4.37 0.0941
2023-02-14 2022-12-31 13F HERSHEY COM 427866108 1,778,416 431,816 32.07 411,828 38.72 0.0993
2023-11-13 2022-09-30 13F/A-1 HERSHEY COM 427866108 1,346,600 36,879 2.82 296,885 5.35 0.0789
2023-08-14 2022-06-30 13F/A-1 HERSHEY COM 427866108 1,309,721 13,722 1.06 281,800 0.37 0.0728
2023-05-12 2022-03-31 13F/A-1 HERSHEY COM 427866108 1,295,999 98,959 8.27 280,752 21.23 0.0612
2022-03-09 2021-12-31 13F/A-1 HERSHEY COM 427866108 1,197,040 6,825 0.57 231,591 14.97 0.0476
2022-11-14 2021-09-30 13F/A-1 HERSHEY COM 427866108 1,190,215 -36,736 -2.99 201,444 -5.74 0.0446
2022-08-15 2021-06-30 13F/A-1 HERSHEY COM 427866108 1,226,951 -43,975 -3.46 213,710 6.32 0.0463
2022-08-15 2021-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 57,707,015 -10,125,222 776,736 0.1684
2022-05-09 2021-03-31 13F/A-1 HERSHEY COM 427866108 1,270,926 -174,552 -12.08 201,010 -8.71 0.0460
2022-05-09 2021-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 67,832,237 1,672,827 890,637 0.2039
2021-03-02 2020-12-31 13F/A-1 HERSHEY COM 427866108 1,445,478 8,766 0.61 220,190 6.92 0.0514
2021-03-02 2020-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 66,159,410 7,829,037 714,522 0.1668
2021-11-12 2020-09-30 13F/A-1 HERSHEY COM 427866108 1,436,712 2,030 0.14 205,938 10.74 0.0547
2021-11-12 2020-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 58,330,373 -1,878,123 363,398 0.0965
2021-08-13 2020-06-30 13F/A-1 HERSHEY COM 427866108 1,434,682 -21,436 -1.47 185,963 -3.61 0.0535
2021-08-13 2020-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 60,208,496 -21,199,723 411,224 0.1184
2021-05-07 2020-03-31 13F/A-1 HERSHEY COM 427866108 1,456,118 78,027 5.66 192,936 -4.75 0.0688
2021-05-07 2020-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 81,408,219 37,630 646,381 0.2303
2020-03-03 2019-12-31 13F/A-1 HERSHEY COM 427866108 1,378,091 90,082 6.99 202,552 1.46 0.0565
2020-03-03 2019-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 81,370,589 1,891,926 908,096 0.2534
2020-11-13 2019-09-30 13F/A-1 HERSHEY COM 427866108 1,288,009 59,758 4.87 199,628 21.26 0.0611
2020-11-13 2019-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 79,478,663 965,481 710,539 0.2176
2020-08-13 2019-06-30 13F/A-1 HERSHEY COM 427866108 1,228,251 -101,310 -7.62 164,623 7.83 0.0509
2020-08-13 2019-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 78,513,182 1,711,019 824,388 0.2547
2020-05-11 2019-03-31 13F/A-2 HERSHEY COM 427866108 1,329,561 0 0.00 152,674 7.14 0.0493
2020-05-11 2019-03-31 13F/A-2 GENERAL ELECTRIC COM 369604103 76,802,163 3,462,040 767,253 0.2479
2019-03-04 2018-12-31 13F/A-1 HERSHEY COM 427866108 1,329,561 107,148 8.77 142,502 14.29 0.0530
2019-03-04 2018-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 73,340,123 1,987,062 555,184 0.2065
2019-12-02 2018-09-30 13F/A-3 HERSHEY COM 427866108 1,222,413 0 0.00 124,687 9.61 0.0405
2019-12-02 2018-09-30 13F/A-3 GENERAL ELECTRIC COM 369604103 71,353,061 -714,796 805,576 0.2616
2019-12-02 2018-09-30 13F/A-2 HERSHEY COM 427866108 1,222,413 0 124,687 0.0405
2019-12-02 2018-09-30 13F/A-2 GENERAL ELECTRIC COM 369604103 71,353,061 -714,796 805,576 0.2616
2019-11-12 2018-09-30 13F/A-1 HERSHEY COM 427866108 1,222,413 0 124,687 0.0405
2019-11-12 2018-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 71,353,061 -714,796 805,576 0.2616
2019-08-12 2018-06-30 13F/A-1 HERSHEY COM 427866108 1,222,413 15,733 1.30 113,757 -4.74 0.0390
2019-08-12 2018-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 72,067,857 -3,530,926 980,843 0.3367
2019-05-15 2018-03-31 13F/A-2 HERSHEY COM 427866108 1,206,680 42,400 3.64 119,414 -9.64 0.0432
2019-05-15 2018-03-31 13F/A-2 GENERAL ELECTRIC COM 369604103 75,598,783 -1,624,131 1,019,072 0.3687
2018-03-05 2017-12-31 13F/A-1 HERSHEY COM 427866108 1,164,280 0 0.00 132,158 3.98 0.0474
2018-03-05 2017-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 77,222,914 -1,416,751 1,347,540 0.4830
2018-11-13 2017-09-30 13F/A-1 HERSHEY COM 427866108 1,164,280 0 0.00 127,104 1.68 0.0482
2018-11-13 2017-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 78,639,665 -60,195 1,901,508 0.7216
2018-07-24 2017-06-30 13F/A-1 HERSHEY COM 427866108 1,164,280 -202,600 -14.82 125,009 -16.29 0.0496
2018-07-24 2017-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 78,699,860 23,914 2,125,683 0.8438
2018-05-11 2017-03-31 13F/A-1 HERSHEY COM 427866108 1,366,880 45,496 3.44 149,332 9.26 0.0613
2018-05-11 2017-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 78,675,946 3,258,408 2,344,542 0.9621
2017-03-02 2016-12-31 13F/A-1 HERSHEY COM 427866108 1,321,384 103,887 8.53 136,670 22.94 0.0597
2017-03-02 2016-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 75,417,538 -1,675,630 2,383,193 1.0416
2017-11-13 2016-09-30 13F/A-1 HERSHEY COM 427866108 1,217,497 0 0.00 111,168 -19.54 0.0525
2017-11-13 2016-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 77,093,168 -1,747,974 2,180,989 1.0308
2017-08-09 2016-06-30 13F/A-1 HERSHEY COM 427866108 1,217,497 219,517 22.00 138,174 50.35 0.0657
2017-08-09 2016-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 78,841,142 140,410 2,481,919 1.1793
2017-05-10 2016-03-31 13F/A-1 HERSHEY COM 427866108 997,980 59,719 6.36 91,904 9.73 0.0452
2017-05-10 2016-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 78,700,732 5,903,381 2,501,896 1.2306
2016-04-18 2015-12-31 13F/A-2 HERSHEY COM 427866108 938,261 -32,591 -3.36 83,758 -6.10 0.0416
2016-04-18 2015-12-31 13F/A-2 GENERAL ELECTRIC COM 369604103 72,797,351 -6,272,562 2,267,637 1.1273
2016-03-16 2015-12-31 13F/A-1 HERSHEY COM 427866108 938,261 0 83,758 0.0420
2016-03-16 2015-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 72,797,351 0 2,267,637 1.1373
2016-11-14 2015-09-30 13F/A-2 HERSHEY COM 427866108 970,852 -225,865 -18.87 89,202 -16.09 0.0467
2016-11-14 2015-09-30 13F/A-2 GENERAL ELECTRIC COM 369604103 79,069,913 1,744,488 1,994,143 1.0450
2016-08-12 2015-06-30 13F/A-1 HERSHEY COM 427866108 1,196,717 43,011 3.73 106,304 -8.69 0.0531
2016-08-12 2015-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 77,325,425 -2,436,396 2,054,536 1.0269
2016-05-13 2015-03-31 13F/A-1 HERSHEY COM 427866108 1,153,706 -96,721 -7.74 116,421 -10.42 0.0570
2016-05-13 2015-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 79,761,821 7,270,019 1,978,891 0.9696
2015-03-19 2014-12-31 13F/A-1 HERSHEY COM 427866108 1,250,427 -510,321 129,957 0.0663
2015-03-19 2014-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 72,491,802 1,757,547 1,831,868 0.9343
2016-04-18 2014-12-31 13F/A-2 HERSHEY COM 427866108 1,250,427 -510,321 -28.98 129,957 -22.66 0.0660
2016-04-18 2014-12-31 13F/A-2 GENERAL ELECTRIC COM 369604103 72,491,802 1,757,547 1,831,868 0.9308
2015-11-12 2014-09-30 13F/A-1 HERSHEY COM 427866108 1,760,748 0 0.00 168,029 -1.99 0.0910
2015-11-12 2014-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 70,734,255 -638,569 1,812,212 0.9818
2015-08-10 2014-06-30 13F/A-1 HERSHEY COM 427866108 1,760,748 660,000 59.96 171,444 49.19 0.0925
2015-08-10 2014-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 71,372,824 -1,843,760 1,875,678 1.0121
2015-05-12 2014-03-31 13F/A-1 HERSHEY COM 427866108 1,100,748 -29,761 -2.63 114,918 4.55 0.0648
2015-05-12 2014-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 73,216,584 -1,773,171 1,895,577 1.0696
2014-03-07 2013-12-31 13F/A-1 HERSHEY COM 427866108 1,130,509 -154,878 109,920 0.0672
2014-03-07 2013-12-31 13F/A-1 GENERAL ELECTRIC COM 369604103 74,989,755 -7,600,545 2,101,963 1.2859
2014-03-20 2013-12-31 13F/A-2 HERSHEY COM 427866108 1,130,509 0 109,920 0.0647
2014-03-20 2013-12-31 13F/A-2 GENERAL ELECTRIC COM 369604103 74,989,755 0 2,101,963 1.2367
2014-05-12 2013-12-31 13F/A-3 HERSHEY COM 427866108 1,130,509 -154,878 -12.05 109,920 -7.55 0.0633
2014-05-12 2013-12-31 13F/A-3 GENERAL ELECTRIC COM 369604103 74,989,755 -7,600,545 2,101,963 1.2105
2014-11-14 2013-09-30 13F/A-1 HERSHEY COM 427866108 1,285,387 -22,835 -1.75 118,899 1.80 0.0694
2014-11-14 2013-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 82,590,300 -1,134,218 1,973,083 1.1513
2014-08-14 2013-06-30 13F/A-1 HERSHEY COM 427866108 1,308,222 0 0.00 116,798 2.00 0.0725
2014-08-14 2013-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 83,724,518 -1,166,995 1,941,572 1.2060
2014-04-04 2013-03-31 13F/A-1 HERSHEY COM 427866108 1,308,222 -11,756 114,509 0.0759
2014-04-04 2013-03-31 13F/A-1 GENERAL ELECTRIC COM 369604103 84,891,513 1,503,393 1,962,692 1.3004
2014-05-12 2013-03-31 13F/A-2 HERSHEY COM 427866108 1,308,222 -11,756 -0.89 114,509 22.37 0.0743
2014-05-12 2013-03-31 13F/A-2 GENERAL ELECTRIC COM 369604103 84,891,513 1,503,393 1,962,692 1.2727
2013-11-14 2012-09-30 13F/A-1 HERSHEY COM 427866108 1,319,978 4,456 0.34 93,573 -0.85 0.0631
2013-11-14 2012-09-30 13F/A-1 GENERAL ELECTRIC COM 369604103 83,388,120 874,026 1,893,744 1.2763
2013-08-15 2012-06-30 13F/A-1 HERSHEY COM 427866108 1,315,522 1,315,522 94,376 0.0757
2013-08-15 2012-06-30 13F/A-1 GENERAL ELECTRIC COM 369604103 82,514,094 82,514,094 1,712,168 1.3733
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.