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Get what investors say about HLF next
Follow HLF free and new calls come to you in The Brief, our morning email, the day after we record them. This page shows them a week later.
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Who said what, and what HLF did next
Every dot is a day someone on the record made a call. Hover one to see who. We are not scoring them — the point is that you can see it and judge for yourself.
Who’s talking about HLF
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2023-06-03 | Bill AckmanCEO, Pershing Square | Short | Aurinna | Herbalife is a pyramid scheme masquerading as a nutrition direct-seller where ~99% of distributors lose money… |
| 2021-01-24 | Bill AckmanCEO, Pershing Square | Short | Carl Icahn | Herbalife is a pyramid scheme with a fraudulent business model that is not viable for any long-term investor… |
| 2018-10-29 | Bill AckmanCEO, Pershing Square | Short | Investing Principle | Herbalife is a fraudulent pyramid scheme with no viable long-term business that will ultimately be proven… |
| 2018-06-20 | Bill AckmanCEO, Pershing Square | Short | Insider Investor | Herbalife has operated as an illegal pyramid scheme for 35 years and is substantively identical to Vemma… |
| 2016-11-07 | Bill AckmanCEO, Pershing Square | Short | Sohn Investment Conference | Herbalife is a pyramid scheme, as evidenced by the implausible claim that it sells six times more nutrition… |
| 2013-11-05 | Bill AckmanCEO, Pershing Square | Short | Saïd Business School, University of Oxford | Herbalife is a pyramid scheme where ~99% of distributors lose money via inventory loading targeted at… |
| 2013-08-14 | Bill AckmanCEO, Pershing Square | Short | investary0 | Herbalife operates an illegal pyramid scheme that systematically transfers wealth from low-income, primarily… |
| 2013-01-26 | Bill AckmanCEO, Pershing Square | Short | Carl Icahn | Herbalife is a pyramid scheme with a fraudulent business model — no legitimate acquirer will pay billions for… |
Last reports
| Report | When | EPS actual vs est. | Reaction |
|---|---|---|---|
| 2 Nov 2026 | after the close | 0.64 vs 0.62 | — |
Notable options days
Sessions in the last 120 where HLF’s settled options volume ran ≥ 2× its trailing 20-session baseline, or delta-dollar flow ran ≥ 2.5× — 11 of 120 sessions qualified.
| Date | Close | RVOL | Δ$ flow ($M) | Call % | LEAPS % | +20 sess. |
|---|---|---|---|---|---|---|
| 2026-10-29 | ||||||
| 2026-10-20 | ||||||
| 2026-08-31 | ||||||
| 2026-08-24 | ||||||
| 2026-08-20 | ||||||
| 2026-08-18 | ||||||
| 2026-08-17 | ||||||
| 2026-08-10 | ||||||
| 2026-08-06 | ||||||
| 2026-08-05 | ||||||
| 2026-06-25 |
HLF on the Wheel
HLF did not pass our 1-month put test (V1, V2, V3); the Wheel shows its puts without calling one best.
The Wheel lists cash-secured puts on stocks after a 3% drop, with live quotes, the chance of assignment and each stock’s own history. Free to use; a free account lets you follow stocks, add your own and ask questions.
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