Commerce Bank reports 20.96% increase in ownership of HSY / The Hershey Company

The Hershey Company

MX ˙ BMV ˙ US4278661081

Security	MX:HSY / The Hershey Company
Institution	Commerce Bank
Latest Disclosed Ownership	10,187 shares
Latest Disclosed Value	$ 2,117,776

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 10,187 shares of The Hershey Company (MX:HSY) valued at $2,117,776 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 8,422 shares of The Hershey Company. This represents a change in shares of 20.96% 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-11	2026-03-31	13F	HERSHEY	COM	427866108	10,187	1,765	20.96	2,118	38.19	0.0044
2026-02-13	2025-12-31	13F	HERSHEY	COM	427866108	8,422	211	2.57	1,533	-0.20	0.0085
2025-11-12	2025-09-30	13F	HERSHEY	COM	427866108	8,211	77	0.95	1,536	13.79	0.0085
2025-08-07	2025-06-30	13F	HERSHEY	COM	427866108	8,134	354	4.55	1,350	1.43	0.0080
2025-05-08	2025-03-31	13F	HERSHEY	COM	427866108	7,780	-455	-5.53	1,331	-4.59	0.0085
2025-02-13	2024-12-31	13F	HERSHEY	COM	427866108	8,235	-1,201	-12.73	1,395	-22.94	0.0086
2024-11-08	2024-09-30	13F	HERSHEY	COM	427866108	9,436	2,281	31.88	1,810	37.57	0.0111
2024-08-12	2024-06-30	13F	HERSHEY	COM	427866108	7,155	-742	-9.40	1,315	-14.33	0.0085
2024-05-03	2024-03-31	13F	HERSHEY	COM	427866108	7,897	-405	-4.88	1,536	-0.78	0.0102
2024-02-09	2023-12-31	13F	HERSHEY	COM	427866108	8,302	-843	-9.22	1,548	-15.42	0.0110
2023-11-14	2023-09-30	13F	HERSHEY	COM	427866108	9,145	-12,495	-57.74	1,830	-66.15	0.0144
2023-08-08	2023-06-30	13F	HERSHEY	COM	427866108	21,640	-14	-0.06	5,404	-1.91	0.0404
2023-05-04	2023-03-31	13F	HERSHEY	COM	427866108	21,654	-1,260	-5.50	5,509	3.81	0.0432
2023-02-10	2022-12-31	13F	HERSHEY	COM	427866108	22,914	700	3.15	5,306	8.33	0.0431
2022-11-04	2022-09-30	13F	HERSHEY	COM	427866108	22,214	260	1.18	4,898	3.71	0.0426
2022-08-12	2022-06-30	13F	HERSHEY	COM	427866108	21,954	-2,905	-11.69	4,723	-12.29	0.0385
2022-05-09	2022-03-31	13F	HERSHEY	COM	427866108	24,859	-3,850	-13.41	5,385	-3.04	0.0369
2022-02-14	2021-12-31	13F	HERSHEY	COM	427866108	28,709	-4,383	-13.24	5,554	-0.84	0.0363
2021-11-09	2021-09-30	13F	HERSHEY	COM	427866108	33,092	-1,199	-3.50	5,601	-6.23	0.0396
2021-08-09	2021-06-30	13F	HERSHEY	COM	427866108	34,291	-836	-2.38	5,973	7.51	0.0424
2021-08-09	2021-06-30	13F	GENERAL ELECTRIC	COM	369604103	405,010	-5,213		5,452		0.0387
2021-05-05	2021-03-31	13F	HERSHEY	COM	427866108	35,127	-2,827	-7.45	5,556	-3.91	0.0423
2021-05-05	2021-03-31	13F	GENERAL ELECTRIC	COM	369604103	410,223	-500,329		5,386		0.0410
2021-02-09	2020-12-31	13F	HERSHEY	COM	427866108	37,954	-100	-0.26	5,782	6.01	0.0468
2021-02-09	2020-12-31	13F	GENERAL ELECTRIC	COM	369604103	910,552	492,853		9,834		0.0795
2020-11-06	2020-09-30	13F	HERSHEY	COM	427866108	38,054	-1,194	-3.04	5,454	7.21	0.0493
2020-11-06	2020-09-30	13F	GENERAL ELECTRIC	COM	369604103	417,699	-33,719		2,602		0.0235
2020-08-07	2020-06-30	13F	HERSHEY	COM	427866108	39,248	6,947	21.51	5,087	18.86	0.0496
2020-08-07	2020-06-30	13F	GENERAL ELECTRIC	COM	369604103	451,418	-10,461		3,083		0.0300
2020-05-08	2020-03-31	13F	HERSHEY	COM	427866108	32,301	19,329	149.01	4,280	124.55	0.0518
2020-05-08	2020-03-31	13F	GENERAL ELECTRIC	COM	369604103	461,879	60,073		3,667		0.0444
2020-02-14	2019-12-31	13F	HERSHEY	COM	427866108	12,972	-697	-5.10	1,906	-10.05	0.0182
2020-02-14	2019-12-31	13F	GENERAL ELECTRIC	COM	369604103	401,806	-13,463		4,484		0.0427
2019-11-12	2019-09-30	13F	HERSHEY	COM	427866108	13,669	-824	-5.69	2,119	9.11	0.0217
2019-11-12	2019-09-30	13F	GENERAL ELECTRIC	COM	369604103	415,269	-439,421		3,712		0.0381
2019-08-07	2019-06-30	13F	HERSHEY	COM	427866108	14,493	346	2.45	1,942	19.51	0.0218
2019-08-07	2019-06-30	13F	GENERAL ELECTRIC	COM	369604103	854,690	-43,087		8,974		0.1007
2019-05-08	2019-03-31	13F	HERSHEY	COM	427866108	14,147	150	1.07	1,625	8.33	0.0192
2019-05-08	2019-03-31	13F	GENERAL ELECTRIC	COM	369604103	897,777	-129,486		8,969		0.1062
2019-02-11	2018-12-31	13F	HERSHEY	COM	427866108	13,997	-50	-0.36	1,500	4.68	0.0191
2019-02-11	2018-12-31	13F	GENERAL ELECTRIC	COM	369604103	1,027,263	-108,226		7,777		0.0990
2018-11-02	2018-09-30	13F	HERSHEY	COM	427866108	14,047	-952	-6.35	1,433	2.65	0.0171
2018-11-02	2018-09-30	13F	GENERAL ELECTRIC	COM	369604103	1,135,489	-63,003		12,820		0.1526
2018-08-08	2018-06-30	13F	HERSHEY	COM	427866108	14,999	412	2.82	1,396	-3.32	0.0177
2018-08-08	2018-06-30	13F	GENERAL ELECTRIC	COM	369604103	1,198,492	-130,468		16,311		0.2073
2018-05-03	2018-03-31	13F	HERSHEY	COM	427866108	14,587	-2,724	-15.74	1,444	-26.51	0.0191
2018-05-03	2018-03-31	13F	GENERAL ELECTRIC	COM	369604103	1,328,960	-246,281		17,914		0.2364
2018-02-12	2017-12-31	13F	HERSHEY	COM	427866108	17,311	1,314	8.21	1,965	12.48	0.0256
2018-02-12	2017-12-31	13F	GENERAL ELECTRIC	COM	369604103	1,575,241	-345,675		27,488		0.3578
2017-11-07	2017-09-30	13F/A-1	HERSHEY	COM	427866108	15,997	57	0.36	1,747	2.10	0.0237
2017-11-07	2017-09-30	13F/A-1	GENERAL ELECTRIC	COM	369604103	1,920,916	-1,477,005		46,448		0.6312
2017-11-07	2017-09-30	13F	HERSHEY	COM	427866108	15,940			1,711
2017-11-07	2017-09-30	13F	GENERAL ELECTRIC	COM	369604103	3,397,921			91,778
2017-08-08	2017-06-30	13F	HERSHEY	COM	427866108	15,940	-100	-0.62	1,711	-2.34	0.0240
2017-08-08	2017-06-30	13F	GENERAL ELECTRIC	COM	369604103	3,397,921	-329,498		91,778		1.2872
2017-05-05	2017-03-31	13F	HERSHEY	COM	427866108	16,040	1,126	7.55	1,752	13.55	0.0250
2017-05-05	2017-03-31	13F	GENERAL ELECTRIC	COM	369604103	3,727,419	25,180		111,077		1.5837
2017-02-08	2016-12-31	13F	HERSHEY	COM	427866108	14,914	-66	-0.44	1,543	7.75	0.0230
2017-02-08	2016-12-31	13F	GENERAL ELECTRIC	COM	369604103	3,702,239	19,775		116,990		1.7465
2016-11-03	2016-09-30	13F	HERSHEY	COM	427866108	14,980	377	2.58	1,432	-13.63	0.0223
2016-11-03	2016-09-30	13F	GENERAL ELECTRIC	COM	369604103	3,682,464	-96,250		109,074		1.6978
2016-08-09	2016-06-30	13F	HERSHEY	COM	427866108	14,603	-303	-2.03	1,658	20.76	0.0262
2016-08-09	2016-06-30	13F	GENERAL ELECTRIC	COM	369604103	3,778,714	193,902		118,954		1.8816
2016-04-27	2016-03-31	13F	HERSHEY	COM	427866108	14,906	-47	-0.31	1,373	2.85	0.0228
2016-04-27	2016-03-31	13F	GENERAL ELECTRIC	COM	369604103	3,584,812	528,582		113,962		1.8918
2016-02-12	2015-12-31	13F	HERSHEY	COM	427866108	14,953	313	2.14	1,335	-0.74	0.0223
2016-02-12	2015-12-31	13F	GENERAL ELECTRIC	COM	369604103	3,056,230	21,771		95,202		1.5931
2015-11-10	2015-09-30	13F	HERSHEY	COM	427866108	14,640	195	1.35	1,345	4.75	0.0231
2015-11-10	2015-09-30	13F	GENERAL ELECTRIC	COM	369604103	3,034,459	-35,771		76,529		1.3162
2015-08-03	2015-06-30	13F	HERSHEY	COM	427866108	14,445	-600	-3.99	1,284	-15.42	0.0201
2015-08-03	2015-06-30	13F	GENERAL ELECTRIC	COM	369604103	3,070,230	-480,944		81,576		1.2774
2015-05-06	2015-03-31	13F	HERSHEY	COM	427866108	15,045	-150	-0.99	1,518	-3.86	0.0236
2015-05-06	2015-03-31	13F	GENERAL ELECTRIC	COM	369604103	3,551,174	-159,928		88,104		1.3690
2015-02-11	2014-12-31	13F	HERSHEY	COM	427866108	15,195	130	0.86	1,579	9.81	0.0250
2015-02-11	2014-12-31	13F	GENERAL ELECTRIC	COM	369604103	3,711,102	112,216		93,780		1.4821
2014-11-06	2014-09-30	13F	HERSHEY	COM	427866108	15,065	46	0.31	1,438	-1.64	0.0237
2014-11-06	2014-09-30	13F	GENERAL ELECTRIC	COM	369604103	3,598,886	5,276		92,203		1.5216
2014-08-05	2014-06-30	13F	HERSHEY	COM	427866108	15,019	-1,516	-9.17	1,462	-15.34	0.0239
2014-08-05	2014-06-30	13F	GENERAL ELECTRIC	COM	369604103	3,593,610	29,105		94,440		1.5432
2014-05-09	2014-03-31	13F	HERSHEY	COM	427866108	16,535	-13	-0.08	1,727	7.33	0.0294
2014-05-09	2014-03-31	13F	GENERAL ELECTRIC	COM	369604103	3,564,505	45,763		92,285		1.5709
2014-02-14	2013-12-31	13F	HERSHEY	COM	427866108	16,548	2,701	19.51	1,609	25.60	0.0279
2014-02-14	2013-12-31	13F	GENERAL ELECTRIC	COM	369604103	3,518,742	378,183		98,631		1.7082
2013-11-05	2013-09-30	13F/A-1	HERSHEY	COM	427866108	23,264	9,417		1,672		0.0302
2013-11-05	2013-09-30	13F/A-2	HERSHEY	COM	427866108	13,847	0	0.00	1,281	3.64	0.0231
2013-11-05	2013-09-30	13F/A-2	GENERAL ELECTRIC	COM	369604103	3,140,559	29,775		75,027		1.3532
2013-11-05	2013-09-30	13F/A-1	GENERAL ELECTRIC	COM	369604103	2,064,273	-1,076,286		50,111		0.9038
2013-11-04	2013-09-30	13F	HERSHEY	COM	427866108	23,264			1,672
2013-11-04	2013-09-30	13F	GENERAL ELECTRIC	COM	369604103	2,064,273			50,111
2013-08-07	2013-06-30	13F	HERSHEY	COM	427866108	13,847	0	0.00	1,236	1.98	0.0230
2013-08-07	2013-06-30	13F	GENERAL ELECTRIC	COM	369604103	3,110,784	68,792		72,140		1.3413
2013-08-08	2013-03-31	13F/A-1	HERSHEY	COM	427866108	13,847	13,847		1,212		0.0236
2013-08-08	2013-03-31	13F/A-1	GENERAL ELECTRIC	COM	369604103	3,041,992	3,041,992		70,331		1.3723

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.