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 ($13.1m this quarter). Holder counts are more reliable. Shares outstanding: 199.1m as of 2024-10-25, 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 ≈ $107.78. Options: 19 managers hold calls ($53.7m notional), 23 hold puts ($131.5m).
Trends to Q3 2024
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 387 | 398 |
| Q1 2023 | 421 | 402 |
| Q2 2023 | 456 | 402 |
| Q3 2023 | 407 | 484 |
| Q4 2023 | 357 | 527 |
| Q1 2024 | 408 | 477 |
| Q2 2024 | 388 | 488 |
| Q3 2024 | 372 | 500 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $109.8m | $127.1m | 1.16 |
| Q1 2024 | $97.2m | $120.7m | 1.24 |
| Q2 2024 | $53.0m | $77.8m | 1.47 |
| Q3 2024 | $53.7m | $131.5m | 2.45 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.1m |
| BANK OF AMERICA CORP /DE/ | Added | +1.0m |
| EQUITY INVESTMENT CORP | New | +649.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +577.3k |
| Camber Capital Management LP | Added | +575.0k |
| VAN ECK ASSOCIATES CORP | Added | +411.2k |
| THOMPSON SIEGEL & WALMSLEY LLC | New | +385.3k |
| Dodge & Cox | Added | +328.2k |
| Magellan Asset Management Ltd | New | +274.5k |
| DEUTSCHE BANK AG\ | Added | +162.5k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.6m |
| Invesco Ltd. | Reduced | -1.3m |
| Magnetar Financial LLC | Reduced | -1.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -820.4k |
| Boston Partners | Reduced | -691.3k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -666.4k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -460.3k |
| Man Group plc | Reduced | -378.0k |
| MORGAN STANLEY | Reduced | -360.8k |
| TWINBEECH CAPITAL LP | Sold out | -347.5k |
Biggest calls
| JPMORGAN CHASE & CO | Unchanged | $15.0m139.2k shares |
| CITADEL ADVISORS LLC | Added | $14.3m132.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.2m85.6k shares |
| SIMPLEX TRADING, LLC | Added | $2.5m22.7k shares |
| IMC-Chicago, LLC | Added | $1.9m17.6k shares |
| GROUP ONE TRADING LLC | Added | $1.8m17.0k shares |
| Walleye Capital LLC | Reduced | $1.7m15.3k shares |
| UBS Group AG | Reduced | $1.4m12.7k shares |
| TWO SIGMA SECURITIES, LLC | New | $1.3m12.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.0m9.3k shares |
Biggest puts
| BARCLAYS PLC | New | $26.4m244.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $22.7m210.5k shares |
| CITADEL ADVISORS LLC | Added | $15.4m142.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.5m134.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.1m121.5k shares |
| JPMORGAN CHASE & CO | Unchanged | $8.5m78.6k shares |
| PEAK6 Investments LLC | Reduced | $7.8m71.8k shares |
| PURA VIDA INVESTMENTS, LLC | New | $4.9m45.0k shares |
| JANE STREET GROUP, LLC | Added | $4.0m37.2k shares |
| Walleye Capital LLC | Reduced | $2.9m26.6k 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 in Q3 2024
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 2022 | 0 | — | 1 | $1.5m | — |
| Q1 2023 | 0 | — | 1 | $2.9m | $2.9m |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 6 | $836.2k | 0 | — | — |
| Q4 2023 | 1 | $223.6k | 0 | — | — |
| Q1 2024 | 0 | — | 2 | $3.6m | — |
| Q2 2024 | 0 | — | 1 | $1.5m | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 23.3m $2.5bn | Reduced -116.4k |
| Dodge & Cox 1.04% of their portfolio | 17.1m $1.8bn | Added +328.2k |
| BlackRock, Inc. 0.04% of their portfolio | 16.7m $1.8bn | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.18% of their portfolio | 14.6m $1.6bn | Added +2.1m |
| STATE STREET CORP 0.04% of their portfolio | 9.1m $982.8m | Reduced -132.1k |
| AMERICAN CENTURY COMPANIES INC 0.41% of their portfolio | 6.5m $706.3m | Added +79.1k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 5.5m $592.3m | Reduced -1.6m |
| PRIMECAP MANAGEMENT CO/CA/ 0.39% of their portfolio | 5.0m $536.7m | Reduced -83.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 4.9m $524.9m | Added +125.9k |
| Invesco Ltd. 0.09% of their portfolio | 4.4m $470.8m | Reduced -1.3m |
| VAN ECK ASSOCIATES CORP 0.49% of their portfolio | 3.7m $391.2m | Added +411.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.33% of their portfolio | 3.2m $343.4m | Reduced -183.1k |
| Boston Partners 0.34% of their portfolio | 2.6m $284.5m | Reduced -691.3k |
| Allspring Global Investments Holdings, LLC 0.43% of their portfolio | 2.6m $277.4m | Added +10.0k |
| Camber Capital Management LP 10.48% of their portfolio | 2.5m $269.9m | Added +575.0k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.2m $237.8m | Reduced -60.2k |
| MORGAN STANLEY 0.02% of their portfolio | 2.0m $221.2m | Reduced -360.8k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.0m $215.5m | Added +1.0m |
| NORGES BANK 0.03% of their portfolio | 1.9m $206.2m | Reduced -299.3k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.9m $202.4m | Added +63.9k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.63% of their portfolio | 1.8m $189.2m | Added +577.3k |
| Legal & General Group Plc 0.05% of their portfolio | 1.7m $180.0m | Added +2.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.6m $175.7m | Reduced -19.7k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.6m $175.7m | Reduced -820.4k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.6m $169.1m | Reduced -58.5k |
| Amundi 0.05% of their portfolio | 1.2m $124.8m | Reduced -83.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.2m $130.7m | Reduced -13.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.0m $108.6m | Added +4.4k |
| SHAPIRO CAPITAL MANAGEMENT LLC 3.37% of their portfolio | 1.0m $108.0m | Reduced -28.1k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 998.5k $107.8m | Added +56.4k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 919.2k $99.2m | Added +162.5k |
| Woodline Partners LP 0.84% of their portfolio | 916.9k $99.0m | Reduced -275 |
| Thrivent Financial for Lutherans 0.18% of their portfolio | 868.3k $93.7m | Reduced -43.3k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 2.11% of their portfolio | 794.3k $85.7m | Added +133.5k |
| FMR LLC 0.00% of their portfolio | 750.3k $81.0m | Added +162.4k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 701.4k $73.5m | Reduced -302.8k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 696.9k $75.2m | Added +36.5k |
| BARCLAYS PLC 0.03% of their portfolio | 649.8k $70.1m | Reduced -51.6k |
| EQUITY INVESTMENT CORP 1.63% of their portfolio | 649.4k $70.1m | New |
| Swiss National Bank 0.04% of their portfolio | 610.7k $65.9m | Added +3.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 569.6k $61.5m | Reduced -79.5k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 546.5k $59.0m | Reduced -460.3k |
| UBS Group AG 0.02% of their portfolio | 537.2k $58.0m | Added +81.8k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 484.8k $52.3m | Added +108.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 482.0k $52.0m | Reduced -5.1k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 476.1k $51.4m | Reduced -294.5k |
| Bellevue Group AG 0.76% of their portfolio | 432.8k $46.7m | Reduced -16.3k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 427.8k $46.1m | Reduced -150.4k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 421.8k $45.4m | Added +1.0k |
| Douglas Lane & Associates, LLC 0.62% of their portfolio | 416.3k $44.9m | Reduced -36.7k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 412.1k $44.5m | Reduced -3.7k |
| JOHNSON INVESTMENT COUNSEL INC 0.41% of their portfolio | 390.4k $42.1m | Reduced -167.6k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.63% of their portfolio | 385.3k $41.6m | New |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 370.0k $39.9m | Reduced -120.1k |
| National Pension Service 0.04% of their portfolio | 369.5k $39.9m | Added +13.6k |
| Aberdeen Group plc 0.07% of their portfolio | 368.3k $39.6m | Reduced -85.2k |
| California Public Employees Retirement System 0.03% of their portfolio | 364.9k $39.4m | Reduced -12.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 340.5k $36.8m | Added +2.5k |
| CapitalatWork S.A. 1.23% of their portfolio | 332.0k $35.8m | Added +21.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 307.0k $33.1m | Added +34.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 304.0k $32.8m | Reduced -666.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 303.0k $32.7m | Reduced -9.5k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 299.8k $32.4m | Added +68.3k |
| ARIEL INVESTMENTS, LLC 0.33% of their portfolio | 297.3k $32.1m | Reduced -147 |
| Calamos Advisors LLC 0.14% of their portfolio | 278.2k $30.0m | Added +253 |
| DekaBank Deutsche Girozentrale 0.06% of their portfolio | 277.0k $30.0m | Reduced -3.3k |
| Magellan Asset Management Ltd 0.30% of their portfolio | 274.5k $29.6m | New |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 265.6k $28.7m | Added +832 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.08% of their portfolio | 250.4k $27.0m | Reduced -3.1k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 248.5k $26.8m | Reduced -10.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 234.3k $25.3m | Reduced -26.5k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 3.24% of their portfolio | 230.3k $24.9m | Added +953 |
| AXA S.A. 0.07% of their portfolio | 230.1k $24.8m | Reduced -277.8k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 226.7k $24.5m | Reduced -3.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 220.2k $23.8m | Reduced -78.1k |
| Sequoia Financial Advisors, LLC 0.25% of their portfolio | 216.2k $23.3m | Added +7.9k |
| GAMCO INVESTORS, INC. ET AL 0.24% of their portfolio | 213.3k $23.0m | Reduced -1.9k |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.29% of their portfolio | 210.3k $22.7m | Added +1.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 210.2k $22.7m | Reduced -10.4k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 208.9k $22.5m | Reduced -113.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 208.0k $22.5m | Reduced -8.2k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 206.7k $22.3m | Added +91.0k |
| GW HENSSLER & ASSOCIATES LTD 1.23% of their portfolio | 201.5k $21.8m | Added +218 |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 201.1k $21.8m | Reduced -13.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 200.4k $21.6m | Added +51.4k |
| Handelsbanken Fonder AB 0.09% of their portfolio | 200.3k $21.6m | Reduced -107.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 192.2k $20.7m | Reduced -28.6k |
| SG Americas Securities, LLC 0.08% of their portfolio | 184.2k $19.9m | Added +96.6k |
| SPEECE THORSON CAPITAL GROUP INC 3.64% of their portfolio | 182.8k $19.7m | Reduced -534 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 182.1k $19.7m | Reduced -19.3k |
| Bridgewater Associates, LP 0.11% of their portfolio | 180.6k $19.5m | Reduced -170.9k |
| Covea Finance 0.84% of their portfolio | 177.4k $19.2m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 176.5k $19.0m | Reduced -10.7k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 175.4k $18.9m | Reduced -44.9k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 171.8k $18.5m | Reduced -10.9k |
| Magnetar Financial LLC 0.39% of their portfolio | 165.8k $17.9m | Reduced -1.1m |
| Prosight Management, LP 4.53% of their portfolio | 165.6k $17.9m | Reduced -4.4k |
| Gradient Investments LLC 0.36% of their portfolio | 160.2k $17.3m | Added +29.8k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 159.5k $17.2m | Added +134.9k |
| CITIGROUP INC 0.02% of their portfolio | 156.0k $16.8m | Reduced -21.9k |