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 ($13.9m this quarter). Holder counts are more reliable. Shares outstanding: 199.1m as of 2025-02-14, 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 ≈ $105.59. Options: 17 managers hold calls ($62.5m notional), 20 hold puts ($84.0m).
Trends to Q4 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 |
| Q4 2024 | 1,033 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 387 | 466 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $97.2m | $120.7m | 1.24 |
| Q2 2024 | $53.0m | $77.8m | 1.47 |
| Q3 2024 | $53.7m | $131.5m | 2.45 |
| Q4 2024 | $62.5m | $84.0m | 1.34 |
Biggest buyers
| FRANKLIN RESOURCES INC | Added | +2.8m |
| Dodge & Cox | Added | +2.0m |
| CITADEL ADVISORS LLC | Added | +1.9m |
| Nuveen Asset Management, LLC | Added | +913.3k |
| Sound Shore Management Inc /CT/ | New | +771.1k |
| FMR LLC | Added | +687.7k |
| EQUITY INVESTMENT CORP | Added | +371.7k |
| Tri Locum Partners LP | New | +369.0k |
| AMERIPRISE FINANCIAL INC | Added | +361.1k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +225.1k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -4.9m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -3.1m |
| Boston Partners | Reduced | -1.0m |
| Camber Capital Management LP | Reduced | -895.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -813.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -756.6k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -621.6k |
| BlackRock, Inc. | Reduced | -562.9k |
| VANGUARD GROUP INC | Reduced | -398.7k |
| JOHNSON INVESTMENT COUNSEL INC | Reduced | -272.3k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $13.8m130.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $13.2m125.0k shares |
| JPMORGAN CHASE & CO | Reduced | $7.4m69.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.2m58.9k shares |
| JANE STREET GROUP, LLC | Added | $5.9m55.6k shares |
| IMC-Chicago, LLC | Added | $3.0m28.6k shares |
| SIMPLEX TRADING, LLC | Added | $2.9m27.5k shares |
| Walleye Capital LLC | Added | $1.7m15.9k shares |
| WOLVERINE TRADING, LLC | Added | $1.4m13.6k shares |
| PEAK6 LLC | First filing | $1.4m12.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $14.9m141.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.5m137.1k shares |
| SIMPLEX TRADING, LLC | Added | $13.6m128.6k shares |
| Parallax Volatility Advisers, L.P. | New | $6.7m63.9k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $6.3m594 shares |
| PEAK6 LLC | First filing | $5.4m50.9k shares |
| JPMORGAN CHASE & CO | Reduced | $3.6m33.8k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $3.3m30.8k shares |
| Walleye Capital LLC | Added | $2.9m27.0k shares |
| IMC-Chicago, LLC | Added | $2.7m26.0k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 22.9m $2.4bn | Reduced -398.7k |
| Dodge & Cox 1.18% of their portfolio | 19.1m $2.0bn | Added +2.0m |
| BlackRock, Inc. 0.03% of their portfolio | 16.1m $1.7bn | Reduced -562.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.18% of their portfolio | 14.8m $1.6bn | Added +176.3k |
| STATE STREET CORP 0.04% of their portfolio | 9.0m $951.1m | Reduced -99.8k |
| AMERICAN CENTURY COMPANIES INC 0.36% of their portfolio | 5.9m $625.5m | Reduced -621.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 4.9m $513.8m | Reduced -2.3k |
| PRIMECAP MANAGEMENT CO/CA/ 0.39% of their portfolio | 4.8m $506.7m | Reduced -174.2k |
| Invesco Ltd. 0.08% of their portfolio | 4.3m $450.4m | Reduced -97.5k |
| VAN ECK ASSOCIATES CORP 0.53% of their portfolio | 4.0m $417.8m | Added +218.7k |
| FRANKLIN RESOURCES INC 0.10% of their portfolio | 3.5m $369.5m | Added +2.8m |
| Allspring Global Investments Holdings, LLC 0.43% of their portfolio | 2.6m $266.6m | Reduced -16.9k |
| CITADEL ADVISORS LLC 0.23% of their portfolio | 2.4m $254.2m | Added +1.9m |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.4m $250.4m | Added +167.4k |
| MORGAN STANLEY 0.02% of their portfolio | 2.2m $227.3m | Added +103.4k |
| NORGES BANK 0.03% of their portfolio | 2.0m $216.2m | Added +137.1k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.0m $211.3m | Added +126.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.8m $186.7m | Added +140.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.59% of their portfolio | 1.7m $176.5m | Reduced -81.6k |
| Boston Partners 0.21% of their portfolio | 1.6m $172.3m | Reduced -1.0m |
| Legal & General Group Plc 0.05% of their portfolio | 1.6m $170.9m | Reduced -49.5k |
| Camber Capital Management LP 6.63% of their portfolio | 1.6m $169.5m | Reduced -895.0k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.6m $165.2m | Reduced -2.4k |
| FMR LLC 0.01% of their portfolio | 1.4m $151.9m | Added +687.7k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 1.4m $146.8m | Added +913.3k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 1.4m $143.6m | Added +361.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.2m $130.9m | Reduced -756.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.2m $127.2m | Reduced -6.3k |
| Amundi 0.04% of their portfolio | 1.2m $117.3m | Reduced -71.5k |
| EQUITY INVESTMENT CORP 2.53% of their portfolio | 1.0m $107.9m | Added +371.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.0m $106.0m | Reduced -3.2k |
| Woodline Partners LP 0.69% of their portfolio | 962.9k $101.7m | Added +46.0k |
| SHAPIRO CAPITAL MANAGEMENT LLC 3.39% of their portfolio | 945.1k $99.8m | Reduced -55.1k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 922.4k $97.4m | Added +3.2k |
| Thrivent Financial for Lutherans 0.17% of their portfolio | 839.5k $88.7m | Reduced -28.9k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 814.2k $86.0m | Reduced -813.0k |
| Sound Shore Management Inc /CT/ 2.69% of their portfolio | 771.1k $81.4m | New |
| CAUSEWAY CAPITAL MANAGEMENT LLC 1.85% of their portfolio | 769.9k $81.3m | Reduced -24.4k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 715.4k $75.6m | Added +18.4k |
| Freestone Grove Partners LP 0.83% of their portfolio | 643.3k $68.0m | First filing |
| UBS Group AG 0.01% of their portfolio | 607.6k $64.2m | Added +70.4k |
| Swiss National Bank 0.04% of their portfolio | 575.3k $60.8m | Reduced -35.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 556.7k $58.8m | Reduced -4.9m |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 504.4k $53.3m | Added +22.4k |
| BARCLAYS PLC 0.02% of their portfolio | 475.0k $50.2m | Reduced -174.8k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 468.5k $49.5m | Reduced -78.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 459.9k $48.6m | Reduced -109.7k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 439.1k $46.4m | Added +11.3k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 422.7k $44.6m | Added +878 |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 403.6k $42.6m | Reduced -8.4k |
| Douglas Lane & Associates, LLC 0.60% of their portfolio | 402.2k $42.5m | Reduced -14.1k |
| Magellan Asset Management Ltd 0.46% of their portfolio | 394.4k $41.7m | Added +119.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 379.1k $40.0m | Added +225.1k |
| Aberdeen Group plc 0.07% of their portfolio | 370.3k $39.0m | Added +2.0k |
| Tri Locum Partners LP 8.07% of their portfolio | 369.0k $39.0m | New |
| National Pension Service 0.04% of their portfolio | 367.7k $38.8m | Reduced -1.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 367.4k $38.8m | Added +26.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 347.9k $36.8m | Added +140.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.58% of their portfolio | 347.8k $36.7m | Reduced -37.4k |
| CapitalatWork S.A. 1.16% of their portfolio | 335.9k $35.5m | Added +3.9k |
| California Public Employees Retirement System 0.02% of their portfolio | 333.5k $35.2m | Reduced -31.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 326.8k $34.5m | Added +22.8k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 324.5k $34.3m | Added +24.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 322.5k $34.1m | Added +19.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 318.8k $33.3m | Added +11.8k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 316.8k $33.5m | Reduced -53.2k |
| ARIEL INVESTMENTS, LLC 0.34% of their portfolio | 298.1k $31.5m | Added +847 |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 296.8k $31.3m | Added +95.7k |
| Border to Coast Pensions Partnership Ltd 0.61% of their portfolio | 295.6k $31.2m | Added +140.4k |
| Bellevue Group AG 0.60% of their portfolio | 293.6k $31.0m | Reduced -139.2k |
| Calamos Advisors LLC 0.14% of their portfolio | 278.8k $29.4m | Added +610 |
| DekaBank Deutsche Girozentrale 0.05% of their portfolio | 277.0k $29.3m | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 263.5k $27.8m | Added +56.8k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 259.8k $27.4m | Added +33.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 250.2k $26.4m | Added +49.8k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 239.5k $24.5m | Reduced -9.0k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 3.25% of their portfolio | 233.5k $24.7m | Added +3.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 225.0k $23.8m | Reduced -9.3k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 215.4k $22.7m | New |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.29% of their portfolio | 212.9k $22.5m | Added +2.6k |
| BANK OF NOVA SCOTIA 0.04% of their portfolio | 210.5k $22.2m | Added +184.3k |
| GAMCO INVESTORS, INC. ET AL 0.23% of their portfolio | 208.4k $22.0m | Reduced -4.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 205.0k $21.7m | Reduced -15.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 201.0k $21.2m | First filing |
| Bridgewater Associates, LP 0.10% of their portfolio | 200.5k $21.2m | Added +19.9k |
| GW HENSSLER & ASSOCIATES LTD 1.24% of their portfolio | 199.8k $21.6m | Reduced -1.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 196.2k $20.7m | Reduced -69.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 188.4k $19.9m | Reduced -21.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 186.6k $19.7m | Reduced -5.6k |
| ExodusPoint Capital Management, LP 0.20% of their portfolio | 183.4k $19.4m | Added +33.1k |
| SPEECE THORSON CAPITAL GROUP INC 3.79% of their portfolio | 181.8k $19.2m | Reduced -950 |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 179.7k $18.6m | Added +123.7k |
| Covea Finance 0.84% of their portfolio | 177.4k $18.7m | Unchanged |
| Sio Capital Management, LLC 5.20% of their portfolio | 174.8k $18.5m | Added +47.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 173.6k $18.3m | Reduced -8.5k |
| Gradient Investments LLC 0.36% of their portfolio | 169.0k $17.8m | Added +8.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 168.7k $17.8m | Reduced -7.8k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 158.8k $16.8m | Reduced -13.0k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 157.8k $16.7m | Reduced -1.6k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.52% of their portfolio | 151.6k $16.0m | Reduced -3.3k |