HORMEL FOODS CORP HRL
COM · Common Stock · CUSIP 440452100 · ISIN US4404521001
American food processing company
- SectorConsumer staples
- IndustryMeat Packing Plants
- HeadquartersAustin, MN
- Founded1891
- Websitehormel.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($49.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.49. Options: 20 managers hold calls ($55.2m notional), 20 hold puts ($52.4m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 669 |
| Q4 2022 | 704 |
| Q1 2023 | 670 |
| Q2 2023 | 648 |
| Q3 2023 | 629 |
| Q4 2023 | 626 |
| Q1 2024 | 641 |
| Q2 2024 | 621 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 348 | 258 |
| Q1 2023 | 325 | 310 |
| Q2 2023 | 318 | 286 |
| Q3 2023 | 274 | 302 |
| Q4 2023 | 285 | 317 |
| Q1 2024 | 304 | 306 |
| Q2 2024 | 313 | 302 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $60.3m | $73.9m | 1.23 |
| Q4 2023 | $75.6m | $47.3m | 0.63 |
| Q1 2024 | $89.7m | $83.9m | 0.94 |
| Q2 2024 | $55.2m | $52.4m | 0.95 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +2.9m |
| VANGUARD GROUP INC | Added | +2.0m |
| Holocene Advisors, LP | New | +1.4m |
| Champlain Investment Partners, LLC | Added | +1.4m |
| MARSHALL WACE, LLP | Added | +742.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +671.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +575.4k |
| TWINBEECH CAPITAL LP | New | +553.1k |
| AQR CAPITAL MANAGEMENT LLC | Added | +462.3k |
| ExodusPoint Capital Management, LP | Added | +453.4k |
Biggest sellers
| MORGAN STANLEY | Reduced | -9.2m |
| Capital International Investors | Sold out | -1.9m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.2m |
| BlackRock Inc. | Reduced | -1.1m |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -892.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -840.5k |
| Squarepoint Ops LLC | Reduced | -832.0k |
| JPMORGAN CHASE & CO | Reduced | -751.9k |
| STATE STREET CORP | Reduced | -717.6k |
| ProShare Advisors LLC | Reduced | -558.2k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $11.3m369.8k shares |
| JANE STREET GROUP, LLC | Added | $11.1m364.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.6m248.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $5.0m162.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.6m119.7k shares |
| BARCLAYS PLC | Added | $3.0m100.0k shares |
| Squarepoint Ops LLC | Reduced | $3.0m99.1k shares |
| WOLVERINE TRADING, LLC | Added | $2.5m82.6k shares |
| IMC-Chicago, LLC | Reduced | $2.2m73.2k shares |
| READYSTATE ASSET MANAGEMENT LP | New | $1.6m51.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $17.1m559.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.2m434.1k shares |
| JANE STREET GROUP, LLC | Added | $3.5m115.5k shares |
| IMC-Chicago, LLC | Added | $2.9m94.5k shares |
| SIMPLEX TRADING, LLC | Added | $2.5m80.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.4m79.3k shares |
| WOLVERINE TRADING, LLC | Added | $2.3m77.0k shares |
| Squarepoint Ops LLC | Reduced | $1.8m59.6k shares |
| READYSTATE ASSET MANAGEMENT LP | New | $1.6m51.6k shares |
| Walleye Trading LLC | Reduced | $1.5m49.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27), STATE STREET CORP (5.0%, 2026-02-09)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 1 | $236.0k | — |
| Q4 2022 | 0 | — | 2 | $1.6m | — |
| Q1 2023 | 0 | — | 1 | $202.9k | — |
| Q2 2023 | 0 | — | 4 | $2.1m | — |
| Q3 2023 | 2 | $58.5k | 0 | — | — |
| Q4 2023 | 0 | — | 4 | $1.0m | — |
| Q1 2024 | 0 | — | 2 | $1.4m | — |
| Q2 2024 | 1 | $25.0k | 2 | $641.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-27 | Losness-Larson Katherine M SENIOR VICE PRESIDENT | Bought | $25.0k830 shares |
| 2024-04-02 | Ourada Mark J GROUP VICE PRESIDENT | Sold | $489.9k13.8k shares |
| 2024-04-02 | Murano Elsa A Director | Sold | $151.1k4.3k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 36.8m $1.1bn | Added +2.0m |
| BlackRock Inc. 0.02% of their portfolio | 25.5m $777.5m | Reduced -1.1m |
| STATE STREET CORP 0.03% of their portfolio | 24.5m $745.5m | Reduced -717.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 7.2m $220.3m | Added +212.9k |
| Invesco Ltd. 0.04% of their portfolio | 6.5m $197.0m | Added +392.0k |
| Champlain Investment Partners, LLC 1.18% of their portfolio | 6.3m $192.4m | Added +1.4m |
| CITADEL ADVISORS LLC 0.17% of their portfolio | 5.6m $170.7m | Added +2.9m |
| ProShare Advisors LLC 0.41% of their portfolio | 5.1m $154.9m | Reduced -558.2k |
| MAIRS & POWER INC 1.50% of their portfolio | 5.1m $154.8m | Reduced -473.0k |
| MORGAN STANLEY 0.01% of their portfolio | 4.3m $131.7m | Reduced -9.2m |
| NORGES BANK 0.01% of their portfolio | 3.1m $96.0m | Added +289.7k |
| STIFEL FINANCIAL CORP 0.11% of their portfolio | 3.1m $94.7m | Added +99.4k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 3.1m $94.2m | Added +405.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.0m $90.7m | Added +575.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.9m $87.7m | Reduced -751.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.8m $84.4m | Reduced -42.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 2.3m $70.1m | Reduced -892.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 2.3m $68.9m | Added +671.0k |
| GATES FOUNDATION TRUST 0.14% of their portfolio | 2.2m $66.9m | Unchanged |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 2.2m $66.1m | Reduced -316.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $64.1m | Added +55.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.8m $54.3m | Added +44.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.8m $54.0m | Added +6.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 1.7m $50.6m | Reduced -1.2m |
| MARSHALL WACE, LLP 0.07% of their portfolio | 1.6m $48.9m | Added +742.9k |
| Legal & General Group Plc 0.01% of their portfolio | 1.6m $48.5m | Reduced -40.9k |
| Holocene Advisors, LP 0.18% of their portfolio | 1.4m $43.7m | New |
| California Public Employees Retirement System 0.03% of their portfolio | 1.4m $41.9m | Reduced -388.9k |
| Balyasny Asset Management L.P. 0.10% of their portfolio | 1.3m $38.5m | Added +281.0k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 1.2m $37.5m | Added +462.3k |
| Vest Financial, LLC 0.91% of their portfolio | 1.2m $37.8m | Added +17.1k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 1.1m $32.7m | Reduced -420.4k |
| NOMURA ASSET MANAGEMENT CO LTD 0.11% of their portfolio | 1.0m $32.0m | Reduced -31.5k |
| UBS Group AG 0.01% of their portfolio | 971.0k $29.6m | Reduced -144.2k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 956.7k $29.2m | Reduced -68.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 943.2k $28.8m | Added +172.8k |
| Amundi 0.01% of their portfolio | 911.5k $27.6m | Reduced -408.0k |
| GRANDFIELD & DODD, LLC 1.73% of their portfolio | 898.0k $27.4m | Added +58.4k |
| Swiss National Bank 0.02% of their portfolio | 891.9k $27.2m | Reduced -8.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 880.1k $26.8m | Added +36.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 864.9k $26.4m | Added +34.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 835.1k $25.5m | Reduced -688 |
| LIBERTY ONE INVESTMENT MANAGEMENT, LLC 2.78% of their portfolio | 810.1k $24.7m | Added +165.3k |
| TD Asset Management Inc 0.02% of their portfolio | 809.9k $24.7m | Reduced -156.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 783.8k $23.9m | Reduced -112.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 735.2k $22.4m | Added +152.8k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 725.5k $22.1m | Reduced -291.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 695.5k $21.2m | Added +2.2k |
| BARCLAYS PLC 0.01% of their portfolio | 688.7k $21.0m | Reduced -114.6k |
| First Nebraska Trust Co 2.09% of their portfolio | 665.8k $20.3m | Added +5.8k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 653.6k $19.9m | Reduced -159.8k |
| US BANCORP \DE\ 0.03% of their portfolio | 643.3k $19.6m | Reduced -70.7k |
| APG Asset Management N.V. 0.03% of their portfolio | 626.4k $17.8m | Reduced -432.9k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 620.2k $18.9m | Reduced -109.4k |
| Ensign Peak Advisors, Inc 0.03% of their portfolio | 616.1k $18.8m | Reduced -810 |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 608.5k $18.5m | Reduced -3.0k |
| ExodusPoint Capital Management, LP 0.20% of their portfolio | 589.6k $18.0m | Added +453.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 567.3k $17.3m | Reduced -4.0k |
| TWINBEECH CAPITAL LP 0.33% of their portfolio | 553.1k $16.9m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 548.7k $16.7m | Reduced -404.2k |
| Man Group plc 0.04% of their portfolio | 476.3k $14.5m | Reduced -73.3k |
| CWM, LLC 0.07% of their portfolio | 473.7k $14.4m | Reduced -3.2k |
| SJS Investment Consulting Inc. 2.70% of their portfolio | 457.8k $14.0m | Added +3.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 440.6k $13.4m | Added +352 |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 432.2k $13.2m | Added +26.7k |
| AMG National Trust Bank 0.35% of their portfolio | 428.3k $13.1m | Reduced -7.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 428.0k $13.0m | Reduced -840.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 422.6k $12.9m | Added +18.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio | 417.4k $12.7m | Reduced -14.0k |
| EPIQ PARTNERS, LLC 8.41% of their portfolio | 407.7k $12.4m | Unchanged |
| Aberdeen Group plc 0.02% of their portfolio | 405.7k $12.4m | Added +2.0k |
| MATHER GROUP, LLC. 0.17% of their portfolio | 404.3k $14.1m | Added +36.6k |
| CITIGROUP INC 0.01% of their portfolio | 400.1k $12.2m | Reduced -84.6k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 395.2k $12.1m | Reduced -42.3k |
| Appian Way Asset Management LP 3.03% of their portfolio | 387.4k $11.8m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 381.5k $11.6m | Reduced -148.9k |
| Federation des caisses Desjardins du Quebec 0.06% of their portfolio | 374.4k $11.4m | Added +160 |
| FINANCIAL COUNSELORS INC 0.18% of their portfolio | 369.9k $11.3m | Added +22.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 341.1k $10.4m | Reduced -15.6k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 333.8k $10.2m | Reduced -26.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 332.0k $10.1m | Reduced -12.6k |
| Meiji Yasuda Asset Management Co Ltd. 0.41% of their portfolio | 329.2k $10.0m | Reduced -13.5k |
| TOBAM 1.55% of their portfolio | 324.5k $9.9m | Reduced -72.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 318.6k $9.7m | Added +145.1k |
| Swedbank AB 0.01% of their portfolio | 314.7k $9.6m | Added +24.1k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.77% of their portfolio | 298.7k $9.1m | Added +80.6k |
| WealthPlan Investment Management, LLC 1.34% of their portfolio | 290.5k $8.9m | New |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 278.4k $8.5m | Reduced -5.8k |
| QV Investors Inc. 0.78% of their portfolio | 271.3k $8.3m | Reduced -4.5k |
| Crestline Management, L.P. 0.64% of their portfolio | 268.2k $8.2m | Added +107.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 266.1k $8.1m | Added +125.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 265.7k $8.1m | Reduced -1.6k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 260.7k $7.9m | Added +50.0k |
| AMF Tjanstepension AB 0.06% of their portfolio | 257.6k $7.9m | New |
| Lighthouse Investment Partners, LLC 0.43% of their portfolio | 250.0k $7.6m | Added +50.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.02% of their portfolio | 249.4k $7.6m | Unchanged |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 249.1k $7.6m | Reduced -64.6k |
| DANSKE BANK A/S 0.03% of their portfolio | 242.8k $7.4m | Reduced -7.2k |
| Dorsey & Whitney Trust CO LLC 0.51% of their portfolio | 240.2k $7.3m | Added +89 |
| Cetera Investment Advisers 0.02% of their portfolio | 240.0k $7.3m | Reduced -52.7k |