Hexcel Corp received an amended Schedule 13G from BlackRock Portfolio Management LLC reporting a sizeable passive ownership position in its common stock. BlackRock Portfolio Management LLC is deemed to beneficially own 6,356,751 shares of Hexcel common stock, representing 8.4% of the class as of June 30, 2026. It holds sole voting power over 6,222,373 shares and sole dispositive power over all 6,356,751 shares, with no shared voting or dispositive power. The stake reflects securities beneficially owned by certain business units of BlackRock, Inc., excluding other disaggregated units. Various underlying persons have rights to dividends or sale proceeds from these shares, but no single person has an interest exceeding five percent of Hexcel’s outstanding common stock.
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Key Figures
Beneficial ownership:6,356,751 sharesPercent of class:8.4%Sole voting power:6,222,373 shares+2 more
5 metrics
Beneficial ownership6,356,751 sharesHexcel common stock beneficially owned by BlackRock Portfolio Management LLC
Percent of class8.4%Portion of Hexcel common stock class held beneficially
Sole voting power6,222,373 sharesShares over which BlackRock Portfolio Management LLC has sole voting power
Sole dispositive power6,356,751 sharesShares over which BlackRock Portfolio Management LLC has sole dispositive power
Filing date07/17/2026Date signed by Managing Director Spencer Fleming
Key Terms
beneficially owned, sole voting power, sole dispositive power, Investment Company Act of 1940, +1 more
5 terms
beneficially ownedfinancial
"this reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting powerfinancial
"Sole Voting Power 6,222,373.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive powerfinancial
"Sole Dispositive Power 6,356,751.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Investment Company Act of 1940regulatory
"shareholders of an investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
Schedule 13Gregulatory
"Ownership of more than 5 Percent on Behalf of Another Person."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
What ownership stake in Hexcel Corp (HXL) does BlackRock Portfolio Management LLC report?
BlackRock Portfolio Management LLC reports beneficial ownership of 6,356,751 shares of Hexcel common stock, representing 8.4% of the outstanding class as of June 30, 2026.
How much voting power over Hexcel Corp (HXL) shares does BlackRock Portfolio Management LLC have?
BlackRock Portfolio Management LLC has sole voting power over 6,222,373 shares of Hexcel common stock and no shared voting power, according to the Schedule 13G/A filing.
What dispositive power over Hexcel Corp (HXL) shares is reported in this Schedule 13G/A?
The filing shows BlackRock Portfolio Management LLC holds sole dispositive power over 6,356,751 shares of Hexcel common stock and no shared dispositive power over any shares.
Does any single underlying investor hold more than 5% of Hexcel Corp (HXL) through BlackRock?
No. While various persons may receive dividends or sale proceeds from the Hexcel shares, no one person’s interest exceeds five percent of Hexcel’s total outstanding common shares.
Whose holdings are reflected in BlackRock’s Hexcel Corp (HXL) Schedule 13G/A filing?
The position reflects securities beneficially owned by certain business units of BlackRock, Inc. and its subsidiaries, excluding other business units whose holdings are disaggregated under SEC guidance.
What type of securities in Hexcel Corp (HXL) are covered by this ownership report?
The Schedule 13G/A covers Hexcel Corp common stock, identified by CUSIP 428291108, with BlackRock Portfolio Management LLC as the reporting person.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
HEXCEL CORP /DE/
(Name of Issuer)
Common Stock
(Title of Class of Securities)
428291108
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
428291108
1
Names of Reporting Persons
BlackRock Portfolio Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6,222,373.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
6,356,751.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,356,751.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
BlackRock Portfolio Management LLC
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
BlackRock Portfolio Management LLC, 50 Hudson Yards New York, NY 10001
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
428291108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
6,356,751
(b)
Percent of class:
8.4%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
6,222,373
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
6,356,751
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of HEXCEL CORP. No one person's interest in the common stock of HEXCEL CORP is more than five percent of the total outstanding common shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit 99
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.