Herbalife
231 hedge funds and large institutions have $1.33B invested in Herbalife in 2025 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 73 increasing their positions, 85 reducing their positions, and 25 closing their positions.
68% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 25
53% more capital invested
Capital invested by funds: $871M → $1.33B (+$464M)
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
31% more call options, than puts
Call options by funds: $150M | Put options by funds: $114M
6% more funds holding
Funds holding: 218 → 231 (+13)
0.33% more ownership
Funds ownership: 99.93% → 100.25% (+0.33%)
14% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 85
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$38.7M |
| 2 |
BG
Baupost Group
Boston,
Massachusetts
|
+$15.9M |
| 3 |
Citigroup
New York
|
+$8.05M |
| 4 |
ROIC
Route One Investment Company
San Francisco,
California
|
+$6.7M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$5.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$15.2M |
| 2 |
LFCM
Long Focus Capital Management
San Juan,
Puerto Rico
|
-$12.7M |
| 3 |
Renaissance Technologies
New York
|
-$11.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$10.4M |
| 5 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$6.49M |
HLF Hedge Fund Activity: Q4 2025 in Review
231 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Herbalife (HLF) for Q4 2025, worth a combined $1.33B — up 53% from $871M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new HLF positions and 25 closed out — a net gain of 17 holders — while 73 added to existing stakes and 85 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $38.7M. The largest seller was Jacobs Levy Equity Management, cutting an estimated $15.2M.
- 231 institutional investors held Herbalife (HLF) as of Q4 2025, up from 218 in Q3 2025.
- Funds reported $1.33B of Herbalife stock for Q4 2025, up 53% quarter-over-quarter.
- 42 funds opened new Herbalife positions in Q4 2025 and 25 closed out, a net change of +17 holders.
- The largest Herbalife buyer in Q4 2025 was Fidelity Investments, an estimated $38.7M added.
- The largest Herbalife seller in Q4 2025 was Jacobs Levy Equity Management, an estimated $15.2M sold.
Based on aggregated 13F filings for Q4 2025.