New York hedge fund manager Richard Perry, who recently became the fifth-largest shareholder of multi-level marketer Herbalife Ltd., liquidated his 5.6 million share stake in the company during the fourth-quarter, according to a Feb. 13 Securities and Exchange Commission filing.

Perry replaced fellow hedge funder George Soros as the company’s fifth-largest shareholder last quarter. Soros has since exited the company himself.

This dumping by investors with large stakes in the company has certainly impacted Herbalife’s share price. The stock ended last week at $32.78 a share, well off the company’s 52-week high of $70.08. It is down 13 percent year-to-date.

At Friday’s price, Perry’s stake would be worth almost $183 million, compared with Herbalife’s market cap of $3 billion.

Markets were closed Monday in observance of Presidents’ Day.