Herbalife

HLF • NYSE

Herbalife is a packaged foods company in the consumer defensive sector on NYSE, with a market cap of $1.5B. As of Q3 2025, 100% of shares are held by 210 institutional investors, with VANGUARD GROUP INC as the largest holder at 11.81%.

Market Cap$1.5B

Packaged Foods

Consumer Defensive

Employees9.2K

Websiteherbalife.com

Country

United States of America

Overview

Overview of institutional ownership in HLF as of Q3 2025 with a market cap of $870.2M

All Institutions

Institutions: 210
Value Held: $868.7M
Shares Held: 102.8M
Avg Position: $4.1M
Median Position: $425.5K

Hedge Funds

Hedge Funds: 43
Value Held: $378.7M
Shares Held: 44.7M
Avg Position: $8.8M
Median Position: $2.0M

Ownership Breakdown

Institutional (non-HF)

56.31%

$490.0M

Hedge Funds

43.52%

$378.7M

Retail & Other

0.175%

$1.5M

Based on market cap of $870.2M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HLF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$102.7M 0.00% of portfolio	11.81% 12.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
BAUPOST GROUP LLC/MA Hedge Fund•Value	Seth Andrew Klarman CEO	$65.5M 1.45% of portfolio	7.53% 7.8M shares	Q4 2022 Held for 2y 11m	$4.5B
B BlackRock, Inc. Institution	-	$64.4M 0.00% of portfolio	7.41% 7.6M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
R Route One Investment Company, L.P. Hedge Fund•Multi-Strategy	Weiyi Huang CFO	$63.5M 2.59% of portfolio	7.30% 7.5M shares	Q4 2014 Held for 10y 11m	$2.5B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$56.5M 0.07% of portfolio	6.49% 6.7M shares	Q3 2015 Held for 10y 2m	$75.8B
L Long Focus Capital Management, LLC Hedge Fund•Global Macro	John Byron Helmers CEO	$29.5M 1.73% of portfolio	3.39% 3.5M shares	Q2 2023 Held for 2y 5m	$1.7B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$24.6M 0.00% of portfolio	2.82% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$23.2M 0.05% of portfolio	2.66% 2.7M shares	Q4 2021 Held for 3y 11m	$45.1B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$21.5M 0.00% of portfolio	2.47% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
IRIDIAN ASSET MANAGEMENT LLC/CT Hedge Fund•Long/Short	Todd Dunkin Raker CEO	$20.7M 8.14% of portfolio	2.38% 2.4M shares	Q1 2021 Held for 4y 8m	$254.1M

Net Capital Flow

Institutional buying and selling activity for HLF in Q3 2025

Traded: −$15.7M
Buyers: 101
Sellers: 103
Total Bought: +$81.4M
Total Sold: −$97.1M
Avg Position: $3.6M

Biggest Buyers

Institution	Net Bought	Current Position
Q Quantedge Capital Pte Ltd Institution	+$16.2M +1.9M shares	$18.0M 2.1M shares
R Route One Investment Company, L.P. Hedge Fund•Multi-Strategy	+$11.6M +1.4M shares	$63.5M 7.5M shares
T Tenzing Global Management, LLC Hedge Fund•Long/Short	+$5.4M +637.5K shares	$9.0M 1.1M shares
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	+$4.6M +550.0K shares	$8.4M 1.0M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$4.4M +522.0K shares	$4.4M 522.0K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$4.3M +503.6K shares	$15.5M 1.8M shares
I Invenomic Capital Management LP Hedge Fund•Long/Short	+$3.6M +420.6K shares	$3.6M 420.6K shares
Invesco Ltd. ETF Provider	+$2.4M +287.9K shares	$6.4M 763.9K shares
UBS Group AG Institution	+$2.4M +280.9K shares	$5.6M 658.7K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$2.0M +240.2K shares	$7.8M 927.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
F Fund 1 Investments, LLC Institution	−$8.5M −985.0K shares	Sold Off 0 shares
Bronte Capital Management Pty Ltd. Hedge Fund•Long/Short	−$8.2M −864.8K shares	$12.8M 1.4M shares
GOLDMAN SACHS GROUP INC Institution	−$7.8M −924.1K shares	$17.7M 2.1M shares
L Long Focus Capital Management, LLC Hedge Fund•Global Macro	−$7.2M −855.0K shares	$29.5M 3.5M shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	−$7.1M −829.0K shares	Sold Off 0 shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$5.0M −587.9K shares	$15.9M 1.9M shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$4.8M −564.1K shares	$236.3K 28.0K shares
N Nuveen, LLC Institution	−$3.7M −434.0K shares	$2.0M 237.2K shares
MORGAN STANLEY RIA/Wealth	−$3.4M −399.6K shares	$7.7M 907.2K shares
C Cubist Systematic Strategies, LLC Institution	−$3.3M −388.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited HLF in Q3 2025

New Positions: 8
New Value: $1.2M
Exited Positions: 27
Exited Value: $24.9M

New Positions

Institution	Position Value
Optimize Financial Inc RIA/Wealth	$511.0K 60.5K shares
CenterBook Partners LP Hedge Fund•Market Neutral	$367.6K 43.6K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	$117.3K 13.2K shares
C CHICAGO TRUST Co NA Institution	$100.3K 11.9K shares
D DRW Securities, LLC Institution	$94.5K 11.3K shares
O Optiver Holding B.V. Institution	$3.0K 352.0 shares
Hartland & Co., LLC RIA/Wealth	$321.0 38.0 shares
FINANCIAL CONSULATE, INC RIA/Wealth	$254.0 30.0 shares

Exited Positions

Institution	Previous Position
F Fund 1 Investments, LLC Institution	$8.5M 985.0K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$7.1M 829.0K shares
C Cubist Systematic Strategies, LLC Institution	$3.3M 388.4K shares
A AXA Institution	$1.7M 202.3K shares
ZACKS INVESTMENT MANAGEMENT RIA/Wealth	$1.2M 142.3K shares
Engineers Gate Manager LP Hedge Fund•Quant	$1.1M 132.8K shares
C CIBC World Markets Inc. Institution	$343.7K 39.9K shares
M MYDA Advisors LLC Hedge Fund•Long/Short	$282.3K 32.8K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	$200.5K 23.3K shares
S Sender Co & Partners, Inc. Institution	$194.2K 22.5K shares

Options Activity

Institutions with the largest Call and Put options positions in HLF as of Q3 2025

Call Positions: 12
Call Value: $82.4M
Put Positions: 15
Put Value: $64.4M

Call Positions

Institution	Position Value
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	$57.4M 68.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.7M 7.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.6M 5.4K contracts
L Lombard Odier Asset Management Corp Hedge Fund•Multi-Strategy	$3.4M 4.0K contracts
CITIGROUP INC Institution	$3.4M 4.0K contracts
C CANTOR FITZGERALD, L. P. Institution	$2.9M 3.4K contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.3M 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$1.1M 1.3K contracts
J JANE STREET GROUP, LLC Institution	$892.1K 1.1K contracts
Walleye Trading LLC RIA/Wealth	$336.8K 399.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$19.5M 23.1K contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$9.8M 11.6K contracts
GOLDMAN SACHS GROUP INC Institution	$8.3M 9.9K contracts
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	$8.2M 9.7K contracts
J JANE STREET GROUP, LLC Institution	$8.1M 9.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.1M 4.8K contracts
CITIGROUP INC Institution	$3.7M 4.4K contracts
W WOLVERINE TRADING, LLC Institution	$764.2K 898.0 contracts
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$635.5K 753.0 contracts
S SIG BROKERAGE, LP Institution	$531.7K 630.0 contracts

Most Committed Institutions

Institutions with HLF as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Q Q Global Advisors, LLC Institution	-	14.95% $4.3M	0.49% 505.7K shares	Q4 2024 Held for 11 months	$28.5M
Q Quantedge Capital Pte Ltd Institution	-	9.88% $18.0M	2.07% 2.1M shares	Q3 2024 Held for 1y 2m	$182.7M
IRIDIAN ASSET MANAGEMENT LLC/CT Hedge Fund•Long/Short	Todd Dunkin Raker CEO	8.14% $20.7M	2.38% 2.4M shares	Q1 2021 Held for 4y 8m	$254.1M
T Tenzing Global Management, LLC Hedge Fund•Long/Short	Chetan Ovinder Kapoor CEO	6.30% $9.0M	1.03% 1.1M shares	Q1 2025 Held for 8 months	$142.4M
P Prentice Capital Management, LP Hedge Fund•Long/Short	Michael John Zimmerman CIO	3.12% $2.0M	0.23% 241.7K shares	Q2 2023 Held for 2y 5m	$65.5M
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	Mark Allen Broach Managing Partner	2.99% $8.4M	0.97% 1.0M shares	Q2 2025 Held for 5 months	$282.7M
S Solel Partners LP Hedge Fund•Long/Short	William Cronin Stone CFO	2.71% $14.1M	1.62% 1.7M shares	Q1 2021 Held for 4y 8m	$519.8M
R Route One Investment Company, L.P. Hedge Fund•Multi-Strategy	Weiyi Huang CFO	2.59% $63.5M	7.30% 7.5M shares	Q4 2014 Held for 10y 11m	$2.5B
L Long Focus Capital Management, LLC Hedge Fund•Global Macro	John Byron Helmers CEO	1.73% $29.5M	3.39% 3.5M shares	Q2 2023 Held for 2y 5m	$1.7B
BAUPOST GROUP LLC/MA Hedge Fund•Value	Seth Andrew Klarman CEO	1.45% $65.5M	7.53% 7.8M shares	Q4 2022 Held for 2y 11m	$4.5B

Hedge Fund Spotlight

Discover hedge funds investing in HLF

Tenzing Global Management, LLC

Hedge Fund • Long/Short

Portfolio ManagerChetan Ovinder Kapoor

Portfolio Value: $142.4M
Positions: 22
Last Reported: Q3 2025

Sector Allocation

Position in Herbalife

Market Value: $9.0M
Shares Held: 1.1M
Portfolio Weight: 6.30%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Netgear NTGR	Communication Equipment Technology	$16.2M	11.37%
2 Fox Factory Holding Corp. FOXF	Auto - Parts Consumer Cyclical	$12.1M	8.53%
3 Gogo GOGO	Telecommunications Services Communication Services	$10.1M	7.09%