<SEC-DOCUMENT>0001140361-25-004309.txt : 20250213
<SEC-HEADER>0001140361-25-004309.hdr.sgml : 20250213
<ACCEPTANCE-DATETIME>20250213161706
ACCESSION NUMBER:		0001140361-25-004309
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250213
DATE AS OF CHANGE:		20250213

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HERBALIFE LTD.
		CENTRAL INDEX KEY:			0001180262
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-80216
		FILM NUMBER:		25620516

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 309GT
		STREET 2:		UGLAND HOUSE, SOUTH CHURCH STREET
		CITY:			GEORGE TOWN
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		310 410 9600

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 309GT
		STREET 2:		UGLAND HOUSE, SOUTH CHURCH STREET
		CITY:			GEORGE TOWN
		STATE:			E9
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HERBALIFE NUTRITION LTD.
		DATE OF NAME CHANGE:	20180424

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HERBALIFE LTD.
		DATE OF NAME CHANGE:	20041214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WH HOLDINGS CAYMAN ISLANDS LTD
		DATE OF NAME CHANGE:	20020814

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BAUPOST GROUP LLC/MA
		CENTRAL INDEX KEY:			0001061768
		ORGANIZATION NAME:           	
		IRS NUMBER:				043402144
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		10 ST JAMES AVE
		STREET 2:		SUITE 1700
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		617-210-8300

	MAIL ADDRESS:	
		STREET 1:		10 ST JAMES AVE
		STREET 2:		SUITE 1700
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G/A</submissionType>
<previousAccessionNumber>0001140361-24-046445</previousAccessionNumber>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001061768</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>1</amendmentNo>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001180262</issuerCik>
<issuerName>HERBALIFE LTD.</issuerName>
<issuerCusip>G4412G101</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>P.O. Box 309 Ugland House</com:street1>
<com:city>Grand Cayman</com:city>
<com:stateOrCountry>E9</com:stateOrCountry>
<com:zipCode>KY1-1104</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>BAUPOST GROUP LLC/MA</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>8609420</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>8609420</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8609420</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>8.46</classPercent>
<typeOfReportingPerson>IA</typeOfReportingPerson>
<comments>FOOTNOTES</comments>
</coverPageHeaderReportingPersonDetails>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Baupost Group GP, L.L.C.</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>8609420</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>8609420</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8609420</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>8.46</classPercent>
<typeOfReportingPerson>HC</typeOfReportingPerson>
<comments>FOOTNOTES</comments>
</coverPageHeaderReportingPersonDetails>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Seth A. Klarman</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>X1</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>8609420</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>8609420</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8609420</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>8.46</classPercent>
<typeOfReportingPerson>HC</typeOfReportingPerson>
<comments>FOOTNOTES</comments>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>HERBALIFE LTD.</issuerName>
<issuerPrincipalExecutiveOfficeAddress>P.O. Box 309 Ugland House, Grand Cayman, Cayman Islands, KY1-1104</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>(1)	The Baupost Group, L.L.C.&#13;
(2)	Baupost Group GP, L.L.C.&#13;
(3)	Seth A. Klarman</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>(1)	The Baupost Group, L.L.C.&#13;
10 St. James Avenue, Suite 1700&#13;
Boston, Massachusetts 02116&#13;
(2)	Baupost Group GP, L.L.C.&#13;
10 St. James Avenue, Suite 1700&#13;
Boston, Massachusetts 02116&#13;
(3)	Seth A. Klarman&#13;
10 St. James Avenue, Suite 1700&#13;
Boston, Massachusetts 02116</principalBusinessOfficeOrResidenceAddress>
<citizenship>(1)	The Baupost Group, L.L.C.: State of Delaware&#13;
(2)	Baupost Group GP, L.L.C.: State of Delaware&#13;
(3)	Seth A. Klarman: The United States of America</citizenship>
</item2>
<item3>
<notApplicableFlag>N</notApplicableFlag>
<typeOfPersonFiling>IA</typeOfPersonFiling>
<typeOfPersonFiling>HC</typeOfPersonFiling>
</item3>
<item4>
<amountBeneficiallyOwned>(1)	The Baupost Group, L.L.C.: 8,609,420&#13;
(2)	Baupost Group GP, L.L.C.: 8,609,420&#13;
(3)	Seth A. Klarman: 8,609,420</amountBeneficiallyOwned>
<classPercent>(1)	The Baupost Group, L.L.C.: 8.46%&#13;
(2)	Baupost Group GP, L.L.C.: 8.46%&#13;
(3)	Seth A. Klarman: 8.46</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>(1)	The Baupost Group, L.L.C.: 0&#13;
(2)	Baupost Group GP, L.L.C.: 0&#13;
(3)	Seth A. Klarman: 0</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>(1)	The Baupost Group, L.L.C.: 8,609,420&#13;
(2)	Baupost Group GP, L.L.C.: 8,609,420&#13;
(3)	Seth A. Klarman: 8,609,420</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>(1)	The Baupost Group, L.L.C.: 0&#13;
(2)	Baupost Group GP, L.L.C.: 0&#13;
(3)	Seth A. Klarman: 0</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>(1)	The Baupost Group, L.L.C.: 8,609,420&#13;
(2)	Baupost Group GP, L.L.C.: 8,609,420&#13;
(3)	Seth A. Klarman: 8,609,420</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item6>
<notApplicableFlag>N</notApplicableFlag>
<ownershipMoreThan5PercentOnBehalfOfAnotherPerson>Securities reported on this statement on Schedule 13G as being beneficially owned by The Baupost Group, L.L.C. were purchased on behalf of various private investment limited partnerships.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
</item6>
<item7>
<notApplicableFlag>N</notApplicableFlag>
<subsidiaryIdentificationAndClassification>See footnote.</subsidiaryIdentificationAndClassification>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<signatureInformation>
<reportingPersonName>BAUPOST GROUP LLC/MA</reportingPersonName>
<signatureDetails>
<signature>/s/ Seth A. Klarman</signature>
<title>Seth A. Klarman/Chief Executive Officer</title>
<date>02/13/2025</date>
</signatureDetails>
</signatureInformation>
<signatureInformation>
<reportingPersonName>Baupost Group GP, L.L.C.</reportingPersonName>
<signatureDetails>
<signature>/s/ Seth A. Klarman</signature>
<title>Seth A. Klarman/Managing Member</title>
<date>02/13/2025</date>
</signatureDetails>
</signatureInformation>
<signatureInformation>
<reportingPersonName>Seth A. Klarman</reportingPersonName>
<signatureDetails>
<signature>/s/ Seth A. Klarman</signature>
<title>Seth A. Klarman</title>
<date>02/13/2025</date>
</signatureDetails>
</signatureInformation>
<signatureComments>Footnotes: Item 3, Item 4 and Item 7&#13;
&#13;
This statement on Schedule 13G is being jointly filed by The Baupost Group, L.L.C. ("Baupost"), Baupost Group GP, L.L.C. ("BG GP") and Seth A. Klarman. Baupost is a registered investment adviser and acts as an investment adviser and general partner to various private investment limited partnerships. Securities reported on this statement on Schedule 13G as being beneficially owned by Baupost were purchased on behalf of certain of such partnerships. BG GP, as the Manager of Baupost, and Seth A. Klarman, as the Managing Member of BG GP and a controlling person of Baupost, may be deemed to have beneficial ownership under Section 13 of the Securities Exchange Act of 1934, as amended, of the securities beneficially owned by Baupost.&#13;
&#13;
Pursuant to Rule 13d-4, Seth A. Klarman and BG GP declare that the filing of this statement on Schedule 13G shall not be deemed an admission by either or both of them that they are, for the purposes of Section 13 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this statement on Schedule 13G.</signatureComments>
</formData>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
