HERBALIFE LTD HLF 4.25 06.15.28
NOTE 4.250% 6/1 · US DOMESTIC · CUSIP 42703MAF0
24
institutional holders
-1 vs Q1 2025
19.6m
shares reported held*
$217.3mreported value*
2 new
5 added
6 reduced
3 sold out
net bought ≈ $268.7k (+2.1m shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.32.
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2024 | 20 |
| Q4 2024 | 25 |
| Q1 2025 | 25 |
| Q2 2025 | 24 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2024 | 14 | 10 |
| Q1 2025 | 14 | 12 |
| Q2 2025 | 7 | 9 |
Biggest buyers
| BARINGS LLC | Added | +15.5m |
| AGF MANAGEMENT LTD | Added | +12.5m |
| ARISTEIA CAPITAL, L.L.C. | New | +6.0m |
| JANUS HENDERSON GROUP PLC | Added | +2.2m |
| Russell Investments Group, Ltd. | Added | +2.2m |
| Universal- Beteiligungs- und Servicegesellschaft mbH | Added | +437.0k |
| BANK OF AMERICA CORP /DE/ | New | +357.0k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Sold out | -14.2m |
| WHITEBOX ADVISORS LLC | Reduced | -7.8m |
| Jefferies Financial Group Inc. | Reduced | -7.2m |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Reduced | -5.0m |
| ADVENT CAPITAL MANAGEMENT /DE/ | Reduced | -3.2m |
| OAKTREE CAPITAL MANAGEMENT LP | Reduced | -1.0m |
| WELLS FARGO & COMPANY/MN | Reduced | -250.0k |
| NOMURA HOLDINGS INC | Sold out | -119.7k |
| Alpine Global Management, LLC | Sold out | -2.0k |
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Route One Investment Company, L.P. 2.38% of their portfolio | 59.5m $54.4m | Unchanged |
| BARINGS LLC 0.80% of their portfolio | 38.0m $34.4m | Added +15.5m |
| WHITEBOX ADVISORS LLC 0.73% of their portfolio | 29.6m $26.8m | Reduced -7.8m |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.12% of their portfolio | 23.8m $21.7m | Reduced -5.0m |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 17.6m $16.0m | Added +2.2m |
| BAUPOST GROUP LLC/MA 0.38% of their portfolio | 17.1m $15.6m | Unchanged |
| AGF MANAGEMENT LTD 0.06% of their portfolio | 15.7m $14.2m | Added +12.5m |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 8.3m $7.6m | Added +2.2m |
| ADVENT CAPITAL MANAGEMENT /DE/ 0.15% of their portfolio | 7.7m $7.0m | Reduced -3.2m |
| ARISTEIA CAPITAL, L.L.C. 0.15% of their portfolio | 6.0m $5.5m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 5.9m $5.4m | Unchanged |
| OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio | 3.7m $3.4m | Reduced -1.0m |
| FMR LLC 0.00% of their portfolio | 3.2m $2.9m | Unchanged |
| PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio | 2.0m $1.8m | Unchanged |
| ALGEBRIS (UK) LTD 0.25% of their portfolio | 2.0m $1.6m | Unchanged |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 1.6m $1.5m | Added +437.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 357.0k $323.1k | New |
| Jefferies Financial Group Inc. 0.00% of their portfolio | 255.0k $233.6k | Reduced -7.2m |
| Abacus Planning Group, Inc. 0.01% of their portfolio | 100.0k $90.9k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 51.0k $46.2k | Unchanged |
| VIRTUS ADVISERS, LLC 0.03% of their portfolio | 47.0k $42.5k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 25.0k $22.8k | Reduced -250.0k |
| Chicago Capital Management, LLC 1.37% of their portfolio | 2.0k $1.9m | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |