Seth Klarman’s Herbalife HLF Stock Holding History

Seth Klarman’s Portfolio HLF Stock Details HLF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$122M	Hold	9,259,844	–	–	2.25%	15
2026 Q1	$136M	Hold	9,259,844	–	–	2.66%	15
2025 Q4	$119M	Buy	9,259,844 +1,500,000	+19%	+$15.9M	2.26%	16
2025 Q3	$65.5M	Hold	7,759,844	–	–	1.37%	16
2025 Q2	$66.9M	Buy	7,759,844 +159,318	+2%	+$1.18M	1.62%	16
2025 Q1	$65.6M	Hold	7,600,526	–	–	1.88%	16
2024 Q4	$50.8M	Buy	7,600,526 +2,476,000	+48%	+$18.4M	1.48%	17
2024 Q3	$36.8M	Hold	5,124,526	–	–	1.05%	16
2024 Q2	$53.2M	Buy	5,124,526 +2,879,603	+128%	+$28.8M	1.47%	18
2024 Q1	$22.6M	Buy	2,244,923 +565,124	+34%	+$6.08M	0.62%	18
2023 Q4	$25.6M	Sell	1,679,799 -13,546	-0.8%	-$187K	0.56%	21
2023 Q3	$23.7M	Sell	1,693,345 -260,855	-13%	-$3.94M	0.45%	27
2023 Q2	$25.9M	Hold	1,954,200	–	–	0.46%	23
2023 Q1	$31.5M	Sell	1,954,200 -45,800	-2%	-$810K	0.54%	20
2022 Q4	$29.8M	Buy	+2,000,000	New	+$34.8M	0.49%	23

Other funds holding HLF

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

ROIC

Route One Investment Company San Francisco, California $2.49B AUM 10.92% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Solel Partners Boston, Massachusetts $588M AUM 14.47% 1-Year Est. Return

LSV Asset Management Chicago, Illinois $55.1B AUM 45.38% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Seth Klarman's HLF Position: Q2 2026 in Review

Seth Klarman held its Herbalife (HLF) position steady in Q2 2026 at 9,259,844 shares worth $122M. The position accounts for 2.25% of the portfolio, ranked #15.

Seth Klarman first reported a position in HLF in Q4 2022 and has held it in 15 quarters since. The position peaked at $136M in Q1 2026. 232 funds tracked by Wall St. Rank hold HLF as of Q2 2026.

Seth Klarman held 9,259,844 shares of Herbalife worth $122M as of Q2 2026.
Seth Klarman left its Herbalife share count unchanged in Q2 2026.
Herbalife made up 2.25% of Seth Klarman's portfolio in Q2 2026, its #15 holding.
Seth Klarman first reported a position in Herbalife in Q4 2022 and has held it in 15 quarters since.
Seth Klarman's Herbalife position peaked at $136M in Q1 2026.
232 funds tracked by Wall St. Rank held Herbalife as of Q2 2026.

Based on Baupost Group's 13F filing for Q2 2026, filed 13 Aug 2026.