Route One Investment Company, L.P.: HERBALIFE LTD (HLF): Quarterly 13F Position History
As of Q1 2026, Route One Investment Company, L.P. reported 8,227,300 shares of HERBALIFE LTD (HLF), worth $121.1M and representing 5.3% of its 13F equity book. Quarter-over-quarter share count change: + 65,177 (+0.8%) . The position first appeared in Q2 2016 and has been disclosed across 40 13F-HR filings in Pactolio's tracked window.
- 8,227,300Shares Held (Latest Filing)
- $121.1MReported Market Value (Latest Filing)
- 5.3%Portfolio Weight (% of 13F Equity Book)
- +65,177Quarter-over-Quarter Share Change
- +$15.9MQuarter-over-Quarter Value Change
- 10,845,794Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 40 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 8,227,300 | +65,177 | +0.8% | $121.1M | 5.3% | $14.7 |
| Q4 2025 | 8,162,123 | +633,185 | +8.4% | $105.2M | 4.4% | $12.9 |
| Q3 2025 | 7,528,938 | +1,369,800 | +22.2% | $63.5M | 2.5% | $8.4 |
| Q2 2025 | 6,159,138 | +1,423,750 | +30.1% | $53.1M | 2.3% | $8.6 |
| Q1 2025 | 4,735,388 | +614,504 | +14.9% | $40.9M | 1.7% | $8.6 |
| Q4 2024 | 4,120,884 | 4,510,527 | -52.3% | $27.6M | 1.1% | $6.7 |
| Q3 2024 | 8,631,411 | 0 | — | $62.1M | 2.2% | $7.2 |
| Q2 2024 | 8,631,411 | 0 | — | $89.7M | 3.4% | $10.4 |
| Q1 2024 | 8,631,411 | 1,679,245 | -16.3% | $86.7M | 3.4% | $10.1 |
| Q4 2023 | 10,310,656 | 535,138 | -4.9% | $157.3M | 5.8% | $15.3 |
| Q3 2023 | 10,845,794 | 0 | — | $151.7M | 5.9% | $14.0 |
| Q2 2023 | 10,845,794 | 0 | — | $143.6M | 5.7% | $13.2 |
| Q1 2023 | 10,845,794 | 0 | — | $174.6M | 6.9% | $16.1 |
| Q4 2022 | 10,845,794 | 0 | — | $161.4M | 7.3% | $14.9 |
| Q3 2022 | 10,845,794 | 0 | — | $215.7M | 8.2% | $19.9 |
| Q2 2022 | 10,845,794 | +802,562 | +8.0% | $221.8M | 8.0% | $20.4 |
| Q1 2022 | 10,043,232 | +930,500 | +10.2% | $304.9M | 9.5% | $30.4 |
| Q4 2021 | 9,112,732 | +321,500 | +3.7% | $373.0M | 10.1% | $40.9 |
| Q3 2021 | 8,791,232 | +858,678 | +10.8% | $372.6M | 9.6% | $42.4 |
| Q2 2021 | 7,932,554 | +437,750 | +5.8% | $418.3M | 10.2% | $52.7 |
| Q1 2021 | 7,494,804 | +1,248,500 | +20.0% | $332.5M | 9.0% | $44.4 |
| Q4 2020 | 6,246,304 | +640,610 | +11.4% | $300.1M | 8.4% | $48.0 |
| Q3 2020 | 5,605,694 | +233,500 | +4.3% | $261.5M | 7.4% | $46.7 |
| Q2 2020 | 5,372,194 | +2,013,544 | +60.0% | $241.6M | 6.9% | $45.0 |
| Q1 2020 | 3,358,650 | +1,659,654 | +97.7% | $97.9M | 3.2% | $29.2 |
| Q4 2019 | 1,698,996 | 1,513,000 | -47.1% | $81.0M | 2.3% | $47.7 |
| Q3 2019 | 3,211,996 | +2,150,996 | +202.7% | $121.6M | 3.7% | $37.9 |
| Q2 2019 | 1,061,000 | 1,048,394 | -49.7% | $45.4M | 1.4% | $42.8 |
| Q1 2019 | 2,109,394 | 1,835,689 | -46.5% | $111.8M | 3.5% | $53.0 |
| Q4 2018 | 3,945,083 | +10,673 | +0.3% | $232.6M | 8.4% | $59.0 |
| Q3 2018 | 3,934,410 | 255,376 | -6.1% | $214.6M | 7.6% | $54.5 |
| Q2 2018 | 4,189,786 | +1,202,893 | +40.3% | $225.1M | 8.7% | $53.7 |
| Q1 2018 | 2,986,893 | 3,736,761 | -55.6% | $291.1M | 12.5% | $97.5 |
| Q4 2017 | 6,723,654 | 421,846 | -5.9% | $455.3M | 18.5% | $67.7 |
| Q3 2017 | 7,145,500 | 7,500 | -0.1% | $484.7M | 20.8% | $67.8 |
| Q2 2017 | 7,153,000 | +68,000 | +1.0% | $510.2M | 25.2% | $71.3 |
| Q1 2017 | 7,085,000 | +1,851,548 | +35.4% | $411.9M | 20.0% | $58.1 |
| Q4 2016 | 5,233,452 | +1,327,624 | +34.0% | $251.9M | 13.3% | $48.1 |
| Q3 2016 | 3,905,828 | +294,500 | +8.2% | $242.1M | 12.9% | $62.0 |
| Q2 2016 | 3,611,328 | — | — | $211.4M | 11.4% | $58.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Route One Investment Company, L.P. first disclose a HLF position in 13F-HR filings?
Route One Investment Company, L.P. first reported HERBALIFE LTD (HLF) on its 13F-HR filing for the period ending 2016-06-30 (Q2 2016). The position has appeared on 40 reported quarters within Pactolio's tracked window.
What was Route One Investment Company, L.P.'s most recent quarter-over-quarter share-count change in HLF?
Between Q4 2025 and Q1 2026, Route One Investment Company, L.P. added 65,177 shares of HLF (+0.8%), bringing the total reported position to 8,227,300 shares at a market value of $121.1M.
Does the implied price-per-share represent Route One Investment Company, L.P.'s cost basis in HLF?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.