Herbalife
218 hedge funds and large institutions have $871M invested in Herbalife in 2025 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 69 increasing their positions, 76 reducing their positions, and 27 closing their positions.
41% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 27
23% more call options, than puts
Call options by funds: $88.5M | Put options by funds: $71.9M
4% more funds holding
Funds holding: 210 → 218 (+8)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
4% less capital invested
Capital invested by funds: $904M → $871M (-$32.9M)
9% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 76
2.72% less ownership
Funds ownership: 102.64% → 99.93% (-2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quantedge Capital
Singapore
|
+$18.1M |
| 2 |
ROIC
Route One Investment Company
San Francisco,
California
|
+$12.9M |
| 3 |
TGM
Tenzing Global Management
San Francisco,
California
|
+$6.01M |
| 4 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
+$5.19M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$4.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$8.71M |
| 2 |
F1I
Fund 1 Investments
Rincon,
Puerto Rico
|
-$8.49M |
| 3 |
BCM
Bronte Capital Management
Bondi Junction,
Australia
|
-$8.16M |
| 4 |
LFCM
Long Focus Capital Management
San Juan,
Puerto Rico
|
-$8.06M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$7.15M |
HLF Hedge Fund Activity: Q3 2025 in Review
218 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Herbalife (HLF) for Q3 2025, worth a combined $871M — down 3.6% from $904M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new HLF positions and 27 closed out — a net gain of 11 holders — while 69 added to existing stakes and 76 trimmed.
The largest buyer was Quantedge Capital, adding an estimated $18.1M. The largest seller was Goldman Sachs, cutting an estimated $8.71M.
- 218 institutional investors held Herbalife (HLF) as of Q3 2025, up from 210 in Q2 2025.
- Funds reported $871M of Herbalife stock for Q3 2025, down 3.6% quarter-over-quarter.
- 38 funds opened new Herbalife positions in Q3 2025 and 27 closed out, a net change of +11 holders.
- The largest Herbalife buyer in Q3 2025 was Quantedge Capital, an estimated $18.1M added.
- The largest Herbalife seller in Q3 2025 was Goldman Sachs, an estimated $8.71M sold.
Based on aggregated 13F filings for Q3 2025.