Morgan Stanley reports 10.63% increase in ownership of HRL / Hormel Foods Corporation

Hormel Foods Corporation

US ˙ NYSE ˙ US4404521001

Security	HRL / Hormel Foods Corporation
Institution	Morgan Stanley
Latest Disclosed Ownership	7,141,040 shares
Latest Disclosed Value	$ 161,744,577

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 7,141,040 shares of Hormel Foods Corporation (US:HRL) valued at $161,744,556 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 6,455,021 shares of Hormel Foods Corporation. This represents a change in shares of 10.63% during the quarter. The current value of the position is $166,314,822 USD.

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 (%)
2026-05-15	2026-03-31	13F	HORMEL FOODS	COM	440452100	7,141,040	686,019	10.63	161,745	5.73	0.0097
2026-05-27	2025-12-31	13F/A-1	HORMEL FOODS	COM	440452100	6,455,021	-530,402	-7.59	152,984	-11.48	0.0091
2026-02-13	2025-12-31	13F	HORMEL FOODS	COM	440452100	6,455,021	-530,402		152,984		0.0091
2026-05-27	2025-09-30	13F/A-1	HORMEL FOODS	COM	440452100	6,985,423	1,491,804	27.16	172,819	3.99	0.0105
2025-11-14	2025-09-30	13F	HORMEL FOODS	COM	440452100	6,985,423	1,491,804		172,819		0.0105
2025-08-15	2025-06-30	13F	HORMEL FOODS	COM	440452100	5,493,619	934,130	20.49	166,182	17.80	0.0108
2025-05-15	2025-03-31	13F	HORMEL FOODS	COM	440452100	4,559,489	444,258	10.80	141,071	9.28	0.0101
2025-05-15	2024-12-31	13F/A-1	HORMEL FOODS	COM	440452100	4,115,231	-314,530	-7.10	129,095	-8.07	0.0090
2025-02-14	2024-12-31	13F	HORMEL FOODS	COM	440452100	4,115,231	-314,530		129,095		0.0090
2025-05-14	2024-09-30	13F/A-2	HORMEL FOODS	COM	440452100	4,429,761	108,830	2.52	140,423	6.59	0.0102
2025-02-14	2024-09-30	13F/A-1	HORMEL FOODS	COM	440452100	4,429,761	108,830		140,423		0.0102
2024-11-14	2024-09-30	13F	HORMEL FOODS	COM	440452100	4,429,761	108,830		140,423		0.0012
2025-05-14	2024-06-30	13F/A-2	HORMEL FOODS	COM	440452100	4,320,931	-190,657	-4.23	131,745	-16.30	0.0102
2024-10-17	2024-06-30	13F/A-1	HORMEL FOODS	COM	440452100	4,320,931	-190,657		131,745		0.0102
2024-08-14	2024-06-30	13F	HORMEL FOODS	COM	440452100	4,320,931	-190,657		131,745		0.0102
2024-10-17	2024-03-31	13F/A-2	HORMEL FOODS	COM	440452100	4,511,588	377,933	9.14	157,409	18.59	0.0126
2024-08-16	2024-03-31	13F/A-1	HORMEL FOODS	COM	440452100	4,511,588	377,933		157,409		0.0126
2024-05-15	2024-03-31	13F	HORMEL FOODS	COM	440452100	4,511,588	377,933		157,409		0.0126
2024-08-16	2023-12-31	13F/A-1	HORMEL FOODS	COM	440452100	4,133,655	36,493	0.89	132,732	-14.82	0.0117
2024-02-13	2023-12-31	13F	HORMEL FOODS	COM	440452100	4,133,655	36,493		132,732		0.0117
2023-11-15	2023-09-30	13F	HORMEL FOODS	COM	440452100	4,097,162	-146,768	-3.46	155,815	-8.71	0.0158
2023-08-14	2023-06-30	13F	HORMEL FOODS	COM	440452100	4,243,930	489,851	13.05	170,691	14.01	0.0168
2023-05-15	2023-03-31	13F	HORMEL FOODS	COM	440452100	3,754,079	-215,948	-5.44	149,713	-17.21	0.0161
2023-02-14	2022-12-31	13F	HORMEL FOODS	COM	440452100	3,970,027	826,681	26.30	180,835	26.60	0.0205
2022-11-14	2022-09-30	13F	HORMEL FOODS	COM	440452100	3,143,346	112,005	3.69	142,834	-0.51	0.0195
2022-10-27	2022-06-30	13F/A-1	HORMEL FOODS	COM	440452100	3,031,341	1,170,529	62.90	143,565	49.69	0.0186
2022-08-15	2022-06-30	13F	HORMEL FOODS	COM	440452100	3,031,341	1,170,529		143,565		0.0186
2022-10-27	2022-03-31	13F/A-1	HORMEL FOODS	COM	440452100	1,860,812	-50,692	-2.65	95,906	2.79	0.0129
2022-05-13	2022-03-31	13F	HORMEL FOODS	COM	440452100	1,860,812	-50,692		95,906		0.0129
2022-02-14	2021-12-31	13F	HORMEL FOODS	COM	440452100	1,911,504	-33,518	-1.72	93,302	17.00	0.0115
2021-11-15	2021-09-30	13F	HORMEL FOODS	COM	440452100	1,945,022	-151,542	-7.23	79,746	-20.34	0.0107
2021-08-23	2021-06-30	13F/A-1	HORMEL FOODS	COM	440452100	2,096,564	991,964	89.80	100,111	89.68	0.0132
2021-08-16	2021-06-30	13F	HORMEL FOODS	COM	440452100	2,096,564	991,964		100,111		0.0027
2021-05-17	2021-03-31	13F	HORMEL FOODS	COM	440452100	1,104,600	112,091	11.29	52,778	14.09	0.0078
2021-02-16	2020-12-31	13F	HORMEL FOODS	COM	440452100	992,509	-351,588	-26.16	46,261	-29.60	0.0071
2020-11-13	2020-09-30	13F	HORMEL FOODS	COM	440452100	1,344,097	50,286	3.89	65,713	5.22	0.0127
2020-08-14	2020-06-30	13F	HORMEL FOODS	COM	440452100	1,293,811	11,111	0.87	62,452	4.39	0.0138
2020-05-26	2020-03-31	13F/A-1	HORMEL FOODS	COM	440452100	1,282,700	-358,026	-21.82	59,825	-19.17	0.0163
2020-05-15	2020-03-31	13F	HORMEL FOODS	COM	440452100	1,282,700	-358,026		59,825		4,595.8071
2020-02-14	2019-12-31	13F	HORMEL FOODS	COM	440452100	1,640,726	180,226	12.34	74,014	15.89	0.0172
2019-11-14	2019-09-30	13F	HORMEL FOODS	COM	440452100	1,460,500	110,895	8.22	63,867	16.73	0.0169
2019-08-14	2019-06-30	13F	HORMEL FOODS	COM	440452100	1,349,605	257,049	23.53	54,713	11.88	0.0146
2019-05-15	2019-03-31	13F	HORMEL FOODS	COM	440452100	1,092,556	97,333	9.78	48,902	15.13	0.0138
2019-02-14	2018-12-31	13F	HORMEL FOODS	COM	440452100	995,223	44,495	4.68	42,476	13.40	0.0127
2019-04-23	2018-09-30	13F/A-2	HORMEL FOODS	COM	440452100	950,728	-304,739	-24.27	37,457	-19.82	0.0094
2018-11-20	2018-09-30	13F/A-1	HORMEL FOODS	COM	440452100	950,728	0		37,457		0.0094
2018-11-14	2018-09-30	13F	HORMEL FOODS	COM	440452100	950,728	-304,739		37,457
2019-04-23	2018-06-30	13F/A-1	HORMEL FOODS	COM	440452100	1,255,467	473,239	60.50	46,716	74.01	0.0126
2018-08-14	2018-06-30	13F	HORMEL FOODS	COM	440452100	1,255,467	473,239		46,716
2019-04-23	2018-03-31	13F/A-1	HORMEL FOODS	COM	440452100	782,228	-725,254	-48.11	26,847	-51.06	0.0075
2018-05-14	2018-03-31	13F	HORMEL FOODS	COM	440452100	782,228	-725,254		26,847
2019-04-23	2017-12-31	13F/A-1	HORMEL FOODS	COM	440452100	1,507,482	669,927	79.99	54,856	103.77	0.0150
2018-02-14	2017-12-31	13F	HORMEL FOODS	COM	440452100	1,507,482	669,927		54,856
2017-11-14	2017-09-30	13F	HORMEL FOODS	COM	440452100	837,555	100,534	13.64	26,920	7.08	0.0081
2017-08-11	2017-06-30	13F	HORMEL FOODS	COM	440452100	737,021	-2,133,559	-74.33	25,141	-74.71	0.0076
2017-05-22	2017-03-31	13F/A-1	HORMEL FOODS	COM	440452100	2,870,580	222,772	8.41	99,408	7.85	0.0306
2017-05-12	2017-03-31	13F	HORMEL FOODS	COM	440452100	2,870,580			99,408
2017-02-22	2016-12-31	13F/A-1	HORMEL FOODS	COM	440452100	2,647,808	1,463,054	123.49	92,170	105.11	0.0302
2017-02-13	2016-12-31	13F	HORMEL FOODS	COM	440452100	2,647,808			92,170
2016-11-10	2016-09-30	13F	HORMEL FOODS	COM	440452100	1,184,754	-1,003,631	-45.86	44,937	-43.89	0.0153
2016-08-12	2016-06-30	13F	HORMEL FOODS	COM	440452100	2,188,385	522,890	31.40	80,094	11.22	0.0289
2016-05-12	2016-03-31	13F	HORMEL FOODS	COM	440452100	1,665,495	1,266,815	317.75	72,016	128.42	0.0277
2016-02-09	2015-12-31	13F	HORMEL FOODS	COM	440452100	398,680	-215,305	-35.07	31,528	-18.89	0.0114
2016-02-08	2015-09-30	13F/A-1	HORMEL FOODS	COM	440452100	613,985	-160,385	-20.71	38,871	-10.95	0.0144
2015-11-09	2015-09-30	13F	HORMEL FOODS	COM	440452100	613,985			38,871
2015-08-12	2015-06-30	13F	HORMEL FOODS	COM	440452100	774,370	327,748	73.38	43,652	71.93	0.0151
2015-05-14	2015-03-31	13F	HORMEL FOODS	COM	440452100	446,622	-342,893	-43.43	25,390	-38.27	0.0094
2015-02-13	2014-12-31	13F	HORMEL FOODS	COM	440452100	789,515	394,792	100.02	41,134	102.78	0.0150
2014-12-16	2014-09-30	13F/A-1	HORMEL FOODS	COM	440452100	394,723	181,521	85.14	20,285	93.12	0.0078
2014-11-14	2014-09-30	13F	HORMEL FOODS	COM	440452100	394,723			20,285
2014-05-13	2014-03-31	13F	HORMEL FOODS	COM	440452100	213,202	-292,234	-57.82	10,504	-53.99	0.0044
2014-02-13	2013-12-31	13F	HORMEL FOODS	COM	440452100	505,436	309,264	157.65	22,832	176.35	0.0097
2013-11-13	2013-09-30	13F	HORMEL FOODS CORP COM ST	COM	440452100	196,172	36,068	22.53	8,262	33.75	0.0039
2013-08-08	2013-06-30	13F	HORMEL FOODS CORP COM ST	COM	440452100	160,104	160,104		6,177		0.0031

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.