Who owns Herbalife Nutrition (HLF)
Which tracked institutional funds hold HLF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HLF company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
44 tracked funds added or opened HLF while 78 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
HLF’s largest tracked holder by dollar value, BAUPOST GROUP LLC/MA, sizes it at 2.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HLF divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 220 tracked filers holding HLF, 121 increased or opened the position and 130 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in HLF between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 8
- General Equity Holdings LP$5M
- PICTON MAHONEY ASSET MANAGEMENT$3M
- Y-Intercept (Hong Kong) Ltd$2M
- DENALI ADVISORS LLC$2M
- Diversify Advisory Services, LLC$1M
- BW Gestao de Investimentos Ltda.$1M
Full exits 25
- LSV ASSET MANAGEMENT$39M
- Woodline Partners LP$15M
- JANE STREET GROUP, LLC$5M
- MARSHALL WACE, LLP$4M
- THOMPSON SIEGEL & WALMSLEY LLC$4M
- Q Global Advisors, LLC$4M
Largest adds
- Solel Partners LP$10M
- FIRST TRUST ADVISORS LP$10M
- GEODE CAPITAL MANAGEMENT, LLC$7M
- VICTORY CAPITAL MANAGEMENT INC$6M
- Qube Research & Technologies Ltd$5M
- Penn Capital Management Company, LLC$5M
Largest trims
- FMR LLC$32M
- GOLDMAN SACHS GROUP INC$23M
- RENAISSANCE TECHNOLOGIES LLC$15M
- BAUPOST GROUP LLC/MA$15M
- DEUTSCHE BANK AG\$12M
- Route One Investment Company, L.P.$11M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BAUPOST GROUP LLC/MA | 9,259,844 | $122M | 9.5% | 2026-Q2 |
| BlackRock, Inc. added | 8,371,046 | $110M | 8.6% | 2026-Q2 |
| Route One Investment Company, L.P. added | 8,348,800 | $110M | 8.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 6,192,277 | $81M | 6.4% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 5,024,668 | $66M | 5.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 4,411,900 | $58M | 4.5% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 3,465,068 | $46M | 3.6% | 2026-Q2 |
| Solel Partners LP added | 2,848,115 | $37M | 2.9% | 2026-Q2 |
| STATE STREET CORP added | 2,545,868 | $33M | 2.6% | 2026-Q2 |
| FMR LLC trimmed | 2,525,538 | $33M | 2.6% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 2,337,889 | $31M | 2.4% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 2,262,525 | $30M | 2.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 2,116,414 | $28M | 2.2% | 2026-Q2 |
| IRIDIAN ASSET MANAGEMENT LLC/CT added | 2,078,280 | $27M | 2.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,885,302 | $25M | 1.9% | 2026-Q2 |
| Quantedge Capital Pte Ltd trimmed | 1,845,888 | $24M | 1.9% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 1,786,617 | $23M | 1.8% | 2026-Q2 |
| Long Focus Capital Management, LLC | 1,699,200 | $22M | 1.8% | 2026-Q2 |
| CITIGROUP INC added | 1,381,582 | $18M | 1.4% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 1,243,923 | $16M | 1.3% | 2026-Q2 |
| Penn Capital Management Company, LLC added | 1,145,024 | $15M | 1.2% | 2026-Q2 |
| Nantahala Capital Management, LLC trimmed | 1,109,154 | $15M | 1.1% | 2026-Q2 |
| Tenzing Global Management, LLC trimmed | 1,000,000 | $13M | 1.0% | 2026-Q2 |
| NORTHERN TRUST CORP added | 980,073 | $13M | 1.0% | 2026-Q2 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added | 897,170 | $12M | 0.9% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 775,557 | $10M | 0.8% | 2026-Q2 |
| MORGAN STANLEY trimmed | 727,049 | $10M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 686,253 | $9M | 0.7% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 679,968 | $9M | 0.7% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 624,980 | $8M | 0.6% | 2026-Q2 |
| Aristotle Capital Boston, LLC trimmed | 567,829 | $7M | 0.6% | 2026-Q2 |
| PANAGORA ASSET MANAGEMENT INC added | 559,834 | $7M | 0.6% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 487,349 | $6M | 0.5% | 2026-Q2 |
| Nuveen, LLC added | 469,988 | $6M | 0.5% | 2026-Q2 |
| Invesco Ltd. trimmed | 462,462 | $6M | 0.5% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 461,330 | $6M | 0.5% | 2026-Q2 |
| Manatuck Hill Partners, LLC trimmed | 459,260 | $6M | 0.5% | 2026-Q2 |
| Bank of New York Mellon Corp added | 444,280 | $6M | 0.5% | 2026-Q2 |
| Squarepoint Ops LLC added | 428,376 | $6M | 0.4% | 2026-Q2 |
| CIBC Bancorp USA Inc. added | 427,118 | $6M | 0.4% | 2026-Q2 |
| Johnson Financial Group, LLC added | 414,590 | $5M | 0.4% | 2026-Q2 |
| Trexquant Investment LP added | 400,439 | $5M | 0.4% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 400,270 | $5M | 0.4% | 2026-Q2 |
| Huber Capital Management LLC added | 368,163 | $5M | 0.4% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 357,972 | $5M | 0.4% | 2026-Q2 |
| UBS Group AG added | 355,203 | $5M | 0.4% | 2026-Q2 |
| General Equity Holdings LP new | 355,121 | $5M | 0.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 346,909 | $5M | 0.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 332,636 | $4M | 0.3% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 324,362 | $4M | 0.3% | 2026-Q2 |
| Bronte Capital Management Pty Ltd. trimmed | 323,386 | $4M | 0.3% | 2026-Q2 |
| Pekin Hardy Strauss, Inc. added | 313,994 | $4M | 0.3% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 303,453 | $4M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 300,496 | $4M | 0.3% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 292,694 | $4M | 0.3% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 279,099 | $4M | 0.3% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 272,346 | $4M | 0.3% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 270,229 | $4M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 260,357 | $3M | 0.3% | 2026-Q2 |
| XTX Topco Ltd added | 255,679 | $3M | 0.3% | 2026-Q2 |
| Quantinno Capital Management LP added | 240,346 | $3M | 0.2% | 2026-Q2 |
| Parallax Volatility Advisers, L.P. trimmed | 238,037 | $3M | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 233,834 | $3M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 225,168 | $3M | 0.2% | 2026-Q2 |
| Caption Management, LLC added | 224,850 | $3M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 207,572 | $3M | 0.2% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 206,446 | $3M | 0.2% | 2026-Q2 |
| MAI Capital Management added | 202,999 | $3M | 0.2% | 2026-Q2 |
| Engineers Gate Manager LP added | 202,483 | $3M | 0.2% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 195,960 | $3M | 0.2% | 2026-Q2 |
| Corient Private Wealth LP added | 177,199 | $2M | 0.2% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 160,482 | $2M | 0.2% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 154,989 | $2M | 0.2% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC added | 138,444 | $2M | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 137,496 | $2M | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 136,201 | $2M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 131,637 | $2M | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 131,175 | $2M | 0.1% | 2026-Q2 |
| DENALI ADVISORS LLC new | 131,000 | $2M | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 128,934 | $2M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 118,941 | $2M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 116,449 | $2M | 0.1% | 2026-Q2 |
| Bridgewater Associates, LP trimmed | 115,945 | $2M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 115,532 | $2M | 0.1% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 112,000 | $1M | 0.1% | 2026-Q2 |
| Diversify Advisory Services, LLC new | 104,459 | $1M | 0.1% | 2026-Q2 |
| DIVERSIFY WEALTH MANAGEMENT, LLC added | 104,459 | $1M | 0.1% | 2026-Q2 |
| VIRGINIA RETIREMENT SYSTEMS ET Al added | 104,350 | $1M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 102,113 | $1M | 0.1% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 100,000 | $1M | 0.1% | 2026-Q2 |
| CenterBook Partners LP trimmed | 93,009 | $1M | 0.1% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 93,008 | $1M | 0.1% | 2026-Q2 |
| DARK FOREST CAPITAL MANAGEMENT LP trimmed | 88,786 | $1M | 0.1% | 2026-Q2 |
| Legal & General Group Plc trimmed | 83,147 | $1M | 0.1% | 2026-Q2 |
| TEACHER RETIREMENT SYSTEM OF TEXAS trimmed | 82,467 | $1M | 0.1% | 2026-Q2 |
| Arena Capital Advisors, LLC- CA added | 80,910 | $1M | 0.1% | 2026-Q2 |
| Graham Capital Management, L.P. added | 80,397 | $1M | 0.1% | 2026-Q2 |
| BW Gestao de Investimentos Ltda. new | 80,000 | $1M | 0.1% | 2026-Q2 |
| Freestone Grove Partners LP added | 75,300 | $990K | 0.1% | 2026-Q2 |
| SummerHaven Investment Management, LLC | 75,069 | $987K | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.