Herbalife
214 hedge funds and large institutions have $915M invested in Herbalife in 2025 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 80 increasing their positions, 64 reducing their positions, and 23 closing their positions.
65% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 23
35% more capital invested
Capital invested by funds: $677M → $915M (+$239M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
25% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 64
14% more call options, than puts
Call options by funds: $59.5M | Put options by funds: $52.2M
8% more funds holding
Funds holding: 199 → 214 (+15)
4.15% more ownership
Funds ownership: 100.36% → 104.51% (+4.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$11.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.71M |
| 3 |
BCM
Bronte Capital Management
Bondi Junction,
Australia
|
+$6.84M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$6.33M |
| 5 |
TGM
Tenzing Global Management
San Francisco,
California
|
+$5.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
-$20.1M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$12.7M |
| 3 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$9.39M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$8.4M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$3.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HT
226
Headlands Technologies
Chicago,
Illinois
| – | -$76.4K | -11,415 | Closed |
|
|
CWA
227
Carolina Wealth Advisors
Myrtle Beach,
South Carolina
| – | -$70.3K | -10,506 | Closed |
|
|
RS
228
R Squared
Central,
Hong Kong
| – | -$63K | -9,410 | Closed |
|
229
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$43.8K | -6,549 | Closed |
|
230
Walleye Capital
New York
| – | -$20.7K | -3,099 | Closed |
|
|
BAM
231
Byrne Asset Management
Kingston,
New Jersey
| – | -$18.1K | -2,700 | Closed |
|
232
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$8.4K | -1,255 | Closed |
|
|
EBA
233
Eagle Bay Advisors
New York
| – | -$187 | -28 | Closed |
|
|
EC
234
Elequin Capital
New York
| – | -$40 | -6 | Closed |
|
|
IA
235
IFP Advisors
Tampa,
Florida
| – | -$13 | -2 | Closed |
|
HLF Hedge Fund Activity: Q1 2025 in Review
214 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Herbalife (HLF) for Q1 2025, worth a combined $915M — up 35% from $677M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new HLF positions and 23 closed out — a net gain of 15 holders — while 80 added to existing stakes and 64 trimmed.
The largest buyer was Bank of America, adding an estimated $11.7M. The largest seller was Camber Capital Management, exiting entirely with an estimated $20.1M sold.
- 214 institutional investors held Herbalife (HLF) as of Q1 2025, up from 199 in Q4 2024.
- Funds reported $915M of Herbalife stock for Q1 2025, up 35% quarter-over-quarter.
- 38 funds opened new Herbalife positions in Q1 2025 and 23 closed out, a net change of +15 holders.
- The largest Herbalife buyer in Q1 2025 was Bank of America, an estimated $11.7M added.
- The largest Herbalife seller in Q1 2025 was Camber Capital Management, an estimated $20.1M sold.
Based on aggregated 13F filings for Q1 2025.