ZIMMER BIOMET HOLDINGS INC ZBH
COM · Common Stock · CUSIP 98956P102 · ISIN US98956P1021
Medical device company
- SectorHealth care
- IndustryOrthopedic, Prosthetic & Surgical Appliances & Supplies
- HeadquartersWarsaw, IN
- Founded1927
- Websitezimmer.com
- FilingsSEC EDGAR
* 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 ($33.6m this quarter). Holder counts are more reliable. Shares outstanding: 190.7m as of 2026-07-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $85.94. Options: 12 managers hold calls ($32.2m notional), 13 hold puts ($32.5m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 920 |
| Q4 2022 | 976 |
| Q1 2023 | 996 |
| Q2 2023 | 1,033 |
| Q3 2023 | 1,020 |
| Q4 2023 | 1,033 |
| Q1 2024 | 1,013 |
| Q2 2024 | 1,011 |
| Q3 2024 | 987 |
| Q4 2024 | 1,033 |
| Q1 2025 | 1,007 |
| Q2 2025 | 939 |
| Q3 2025 | 969 |
| Q4 2025 | 948 |
| Q1 2026 | 918 |
| Q2 2026 | 909 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 372 | 500 |
| Q4 2024 | 387 | 466 |
| Q1 2025 | 371 | 488 |
| Q2 2025 | 380 | 514 |
| Q3 2025 | 426 | 400 |
| Q4 2025 | 341 | 494 |
| Q1 2026 | 392 | 410 |
| Q2 2026 | 394 | 398 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $29.1m | $47.1m | 1.62 |
| Q4 2025 | $26.5m | $61.3m | 2.31 |
| Q1 2026 | $27.1m | $30.8m | 1.14 |
| Q2 2026 | $32.2m | $32.5m | 1.01 |
Biggest buyers
| Capital International Investors | Added | +3.1m |
| CITADEL ADVISORS LLC | Added | +2.1m |
| UBS Group AG | Added | +1.4m |
| Vestal Point Capital, LP | Added | +1.2m |
| TORONTO DOMINION BANK | Added | +889.6k |
| Point72 Asset Management, L.P. | New | +879.9k |
| Woodline Partners LP | Added | +869.0k |
| Meridiem Capital Partners LP | New | +638.6k |
| BANK OF AMERICA CORP /DE/ | Added | +627.9k |
| Schonfeld Strategic Advisors LLC | New | +603.2k |
Biggest sellers
| FRANKLIN RESOURCES INC | Reduced | -5.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.2m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.2m |
| Pacer Advisors, Inc. | Reduced | -726.9k |
| Nuveen, LLC | Reduced | -525.0k |
| Balyasny Asset Management L.P. | Sold out | -424.6k |
| ONTARIO TEACHERS PENSION PLAN BOARD | Sold out | -270.9k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -265.9k |
| VAN ECK ASSOCIATES CORP | Reduced | -262.3k |
| Defilade Capital Management, L.P. | Reduced | -261.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.4m85.6k shares |
| CITADEL ADVISORS LLC | Reduced | $7.4m85.5k shares |
| JANE STREET GROUP, LLC | Added | $6.4m74.5k shares |
| IMC-Chicago, LLC | Added | $3.1m36.0k shares |
| Walleye Trading LLC | Added | $3.0m34.7k shares |
| D. E. Shaw & Co., Inc. | New | $1.9m22.4k shares |
| Walleye Capital LLC | Added | $1.1m12.4k shares |
| Point72 Asset Management, L.P. | New | $757.6k8.8k shares |
| TWO SIGMA INVESTMENTS, LP | Reduced | $533.8k6.2k shares |
| TUDOR INVESTMENT CORP ET AL | New | $499.3k5.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.8m114.4k shares |
| CITADEL ADVISORS LLC | Reduced | $9.4m108.8k shares |
| JANE STREET GROUP, LLC | Added | $3.1m35.9k shares |
| IMC-Chicago, LLC | Added | $2.9m34.1k shares |
| Walleye Trading LLC | Added | $2.5m28.5k shares |
| SIMPLEX TRADING, LLC | Added | $1.9m21.6k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $835.1k9.7k shares |
| TWO SIGMA INVESTMENTS, LP | Added | $783.4k9.1k shares |
| Walleye Capital LLC | Added | $490.7k5.7k shares |
| Point72 Asset Management, L.P. | New | $439.1k5.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| DODGE & COX 13G · institution +1.3 pts · filed 2026-08-13 | 12.5% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| Capital International Investors 13G · institution new · filed 2026-08-12 | 6.4% |
| HARRIS ASSOCIATES L P 13G · institution new · filed 2026-02-17 | 6.2% |
Fell to 5% or below in the last year: PRICE T ROWE ASSOCIATES INC /MD/ (4.1%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $150.6k | — |
| Q2 2025 | 0 | — | 1 | $169.0k | — |
| Q3 2025 | 0 | — | 2 | $434.3k | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 2 | $347.3k | — |
| Q2 2026 | 0 | — | 1 | $413.2k | — |
| Q3 2026 | 0 | — | 2 | $824.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-11 | Thornal Kevin R Grp Pres-Global Business | Sold | $529.0k5.7k shares |
| 2026-09-04 | Phipps Chad F Officer | Sold | $295.1k3.0k shares |
| 2026-05-29 | Yi Sang Group President, Asia Pacific | Sold | $413.2k5.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 1.09% of their portfolio | 24.1m $2.1bn | Added +582.0k |
| BlackRock, Inc. 0.02% of their portfolio | 15.6m $1.3bn | Added +274.0k |
| HARRIS ASSOCIATES L P 1.46% of their portfolio | 12.7m $1.1bn | Reduced -221.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 12.6m $1.1bn | Reduced -158.5k |
| Capital International Investors 0.22% of their portfolio | 12.2m $1.0bn | Added +3.1m |
| STATE STREET CORP 0.02% of their portfolio | 8.9m $766.3m | Added +52.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 8.4m $726.7m | Reduced -208.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 5.3m $458.7m | Reduced -30.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 4.8m $413.0m | Reduced -3.2m |
| Invesco Ltd. 0.03% of their portfolio | 4.0m $342.6m | Added +374.4k |
| PRIMECAP MANAGEMENT CO/CA/ 0.19% of their portfolio | 3.8m $328.6m | Reduced -90.5k |
| VAN ECK ASSOCIATES CORP 0.18% of their portfolio | 3.5m $301.5m | Reduced -262.3k |
| CITADEL ADVISORS LLC 0.17% of their portfolio | 3.5m $299.4m | Added +2.1m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.69% of their portfolio | 2.8m $237.7m | Reduced -31.0k |
| UBS Group AG 0.04% of their portfolio | 2.8m $237.5m | Added +1.4m |
| AMERICAN CENTURY COMPANIES INC 0.10% of their portfolio | 2.7m $236.3m | Reduced -1.2m |
| MORGAN STANLEY 0.01% of their portfolio | 2.6m $223.1m | Added +561.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.2m $187.5m | Added +627.9k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.0m $169.2m | Reduced -58.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.0m $168.7m | Reduced -265.9k |
| EQUITY INVESTMENT CORP 2.76% of their portfolio | 1.7m $144.7m | Reduced -62.9k |
| NORGES BANK 0.01% of their portfolio | 1.6m $136.7m | Not comparable |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 1.6m $134.5m | Added +457.9k |
| Legal & General Group Plc 0.03% of their portfolio | 1.5m $126.2m | Reduced -71.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio | 1.5m $125.5m | Reduced -47.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.5m $125.5m | Reduced -12.7k |
| Vestal Point Capital, LP 2.82% of their portfolio | 1.4m $120.5m | Added +1.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.4m $118.6m | Reduced -8.8k |
| Thrivent Financial for Lutherans 0.18% of their portfolio | 1.3m $108.2m | Added +3.9k |
| Holocene Advisors, LP 0.23% of their portfolio | 1.2m $101.4m | Added +583.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 1.2m $99.1m | Added +10.8k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.1m $95.8m | Reduced -101.3k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 1.1m $93.5m | Reduced -26.5k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.0m $89.6m | Added +113.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 968.6k $83.4m | Reduced -119.6k |
| TORONTO DOMINION BANK 0.14% of their portfolio | 947.7k $81.6m | Added +889.6k |
| Woodline Partners LP 0.25% of their portfolio | 942.3k $81.1m | Added +869.0k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 923.6k $79.5m | Added +81.0k |
| Point72 Asset Management, L.P. 0.12% of their portfolio | 879.9k $75.7m | New |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 866.2k $74.6m | Added +103.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 815.9k $74.4m | Reduced -12.5k |
| Sound Shore Management Inc /CT/ 2.11% of their portfolio | 794.6k $68.4m | Reduced -257.6k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.74% of their portfolio | 788.8k $67.9m | Reduced -19.3k |
| Quantinno Capital Management LP 0.07% of their portfolio | 722.1k $62.2m | Added +326.1k |
| Amundi 0.01% of their portfolio | 719.3k $61.9m | Added +160.8k |
| Boston Partners 0.05% of their portfolio | 709.2k $61.1m | Added +140.2k |
| Meridiem Capital Partners LP 2.53% of their portfolio | 638.6k $55.0m | New |
| THOMPSON SIEGEL & WALMSLEY LLC 0.98% of their portfolio | 633.3k $54.5m | Added +35.0k |
| SHAPIRO CAPITAL MANAGEMENT LLC 3.16% of their portfolio | 605.4k $52.1m | Reduced -46.6k |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 603.2k $12.7m | New |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 573.4k $49.4m | Added +443.5k |
| Magellan Asset Management Ltd 1.10% of their portfolio | 570.4k $49.1m | Added +19.6k |
| BARCLAYS PLC 0.02% of their portfolio | 568.7k $49.0m | Added +142.4k |
| Swiss National Bank 0.02% of their portfolio | 546.0k $47.0m | Reduced -35.7k |
| Boston Trust Walden Corp 0.34% of their portfolio | 518.1k $44.6m | Reduced -54.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 492.5k $42.4m | Added +7.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 482.1k $41.5m | Added +28.1k |
| Douglas Lane & Associates, LLC 0.56% of their portfolio | 477.8k $41.1m | Added +2.7k |
| Nuveen, LLC 0.01% of their portfolio | 474.9k $40.9m | Reduced -525.0k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 444.6k $38.3m | Reduced -15.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 444.5k $38.3m | Reduced -32.3k |
| WILSEY ASSET MANAGEMENT INC 5.33% of their portfolio | 421.9k $36.3m | Added +18.9k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 413.2k $35.4m | Added +57.8k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 395.9k $34.1m | Added +8.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.02% of their portfolio | 391.2k $33.7m | Added +38.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 385.6k $33.2m | Reduced -21.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 378.0k $32.5m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 367.4k $31.3m | Added +40.0k |
| California Public Employees Retirement System 0.02% of their portfolio | 358.9k $30.9m | Reduced -99.4k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 349.1k $30.1m | Reduced -5.1m |
| Defilade Capital Management, L.P. 3.66% of their portfolio | 317.4k $27.3m | Reduced -261.7k |
| Lido Advisors, LLC 0.10% of their portfolio | 317.0k $27.4m | Reduced -6.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 311.6k $26.8m | Reduced -23.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 308.6k $26.6m | Added +11.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 305.5k $26.3m | Reduced -14.2k |
| Alberta Investment Management Corp 0.15% of their portfolio | 297.9k $25.6m | New |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 3.04% of their portfolio | 297.3k $25.6m | Reduced -2.7k |
| CapitalatWork S.A. 0.64% of their portfolio | 297.0k $25.6m | Reduced -30.1k |
| Minneapolis Portfolio Management Group, LLC 2.39% of their portfolio | 292.8k $25.2m | Added +7.3k |
| DekaBank Deutsche Girozentrale 0.04% of their portfolio | 277.0k $25.0m | Unchanged |
| CITIGROUP INC 0.01% of their portfolio | 259.0k $22.3m | Added +64.6k |
| Parkman Healthcare Partners LLC 2.06% of their portfolio | 232.6k $20.0m | Reduced -37.0k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 229.5k $19.8m | Added +12.8k |
| GAMCO INVESTORS, INC. ET AL 0.18% of their portfolio | 228.7k $19.7m | Reduced -2.4k |
| South Dakota Investment Council 0.34% of their portfolio | 227.7k $19.6m | Added +40.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 222.1k $19.1m | New |
| SEI INVESTMENTS CO 0.02% of their portfolio | 220.6k $19.0m | Reduced -191.4k |
| SG Americas Securities, LLC 0.01% of their portfolio | 217.8k $18.8m | Added +126.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 214.9k $19.4m | Reduced -20.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 214.2k $18.4m | Reduced -6.5k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 213.8k $19.9m | Reduced -14.7k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 205.7k $17.7m | Added +200.7k |
| National Pension Service 0.01% of their portfolio | 199.4k $17.2m | Added +6.2k |
| MOORE CAPITAL MANAGEMENT, LP 0.39% of their portfolio | 198.6k $17.1m | New |
| Capital International, Inc./CA/ 0.11% of their portfolio | 183.2k $15.8m | Added +15.4k |
| ST GERMAIN D J CO INC 0.56% of their portfolio | 182.1k $15.7m | Added +5.7k |
| ExodusPoint Capital Management, LP 0.14% of their portfolio | 180.9k $15.6m | Added +84.3k |
| LSV ASSET MANAGEMENT 0.03% of their portfolio | 180.7k $15.6m | Added +164.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 179.0k $15.4m | Reduced -1.9k |
| Invenomic Capital Management LP 0.92% of their portfolio | 178.7k $15.4m | Added +9.0k |