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 ($35.8m this quarter). Holder counts are more reliable. Shares outstanding: 193.5m as of 2026-04-23, 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 ≈ $90.34. Options: 9 managers hold calls ($27.1m notional), 13 hold puts ($30.8m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 388 | 488 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $27.5m | $55.5m | 2.02 |
| Q3 2025 | $29.1m | $47.1m | 1.62 |
| Q4 2025 | $26.5m | $61.3m | 2.31 |
| Q1 2026 | $27.1m | $30.8m | 1.14 |
Biggest buyers
| Capital International Investors | Added | +2.0m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +1.1m |
| CITADEL ADVISORS LLC | Added | +1.1m |
| HARRIS ASSOCIATES L P | Added | +695.2k |
| Holocene Advisors, LP | New | +593.7k |
| Defilade Capital Management, L.P. | New | +579.2k |
| UBS Group AG | Added | +556.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +425.3k |
| Balyasny Asset Management L.P. | Added | +421.3k |
| EQUITY INVESTMENT CORP | Added | +410.9k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -5.6m |
| AMERIPRISE FINANCIAL INC | Reduced | -2.2m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -1.3m |
| FRANKLIN RESOURCES INC | Reduced | -1.2m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -952.0k |
| Border to Coast Pensions Partnership Ltd | Sold out | -395.6k |
| HSBC HOLDINGS PLC | Reduced | -358.6k |
| Sio Capital Management, LLC | Reduced | -323.0k |
| BlackRock, Inc. | Reduced | -263.7k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -241.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $10.3m113.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.1m89.7k shares |
| JANE STREET GROUP, LLC | Added | $4.2m46.8k shares |
| IMC-Chicago, LLC | Reduced | $3.0m33.0k shares |
| TWO SIGMA INVESTMENTS, LP | New | $822.8k9.1k shares |
| SIMPLEX TRADING, LLC | Added | $316.5k3.5k shares |
| Walleye Trading LLC | Reduced | $153.7k1.7k shares |
| GROUP ONE TRADING LLC | Reduced | $99.5k1.1k shares |
| Walleye Capital LLC | Reduced | $90.4k1.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $9.9m110.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.3m81.1k shares |
| JANE STREET GROUP, LLC | Reduced | $2.8m31.0k shares |
| D. E. Shaw & Co., Inc. | New | $2.3m25.6k shares |
| IMC-Chicago, LLC | Reduced | $2.2m24.1k shares |
| LOGAN CAPITAL MANAGEMENT INC | New | $1.7m18.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.5m16.1k shares |
| Walleye Trading LLC | Reduced | $1.0m11.6k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $822.8k9.1k shares |
| TWO SIGMA INVESTMENTS, LP | New | $542.5k6.0k 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 Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 1 | $1.5m | — |
| Q3 2024 | 0 | — | 0 | — | — |
| 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 | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-12 | Winkler Lori SVP and CHRO | Sold | $250.8k2.6k shares |
| 2026-02-12 | Yi Sang Group President, Asia Pacific | Sold | $96.5k1.0k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 1.17% of their portfolio | 23.5m $2.1bn | Added +35.9k |
| BlackRock, Inc. 0.02% of their portfolio | 15.3m $1.4bn | Reduced -263.7k |
| HARRIS ASSOCIATES L P 1.56% of their portfolio | 13.0m $1.2bn | Added +695.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 12.8m $1.2bn | First filing |
| Capital International Investors 0.19% of their portfolio | 9.1m $824.6m | Added +2.0m |
| STATE STREET CORP 0.03% of their portfolio | 8.8m $800.1m | Reduced -1.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.04% of their portfolio | 8.7m $782.2m | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 8.0m $723.3m | Reduced -5.6m |
| FRANKLIN RESOURCES INC 0.12% of their portfolio | 5.5m $493.0m | Reduced -1.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 5.4m $484.6m | Added +145.7k |
| AMERICAN CENTURY COMPANIES INC 0.18% of their portfolio | 4.0m $358.4m | Reduced -952.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.28% of their portfolio | 3.9m $353.3m | Reduced -92.3k |
| VAN ECK ASSOCIATES CORP 0.26% of their portfolio | 3.8m $340.3m | Added +150.5k |
| Invesco Ltd. 0.03% of their portfolio | 3.6m $326.0m | Added +244.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.78% of their portfolio | 2.8m $252.5m | Added +1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.2m $201.1m | Added +24.2k |
| MORGAN STANLEY 0.01% of their portfolio | 2.0m $183.5m | Added +191.7k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.0m $182.9m | Reduced -16.6k |
| EQUITY INVESTMENT CORP 3.09% of their portfolio | 1.7m $157.7m | Added +410.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $140.1m | Added +249.2k |
| Legal & General Group Plc 0.03% of their portfolio | 1.5m $139.0m | Added +2.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.12% of their portfolio | 1.5m $136.2m | Reduced -38.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 1.5m $132.9m | Added +13.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.4m $125.3m | Added +73.0k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 1.4m $124.7m | Added +1.1m |
| UBS Group AG 0.02% of their portfolio | 1.4m $124.2m | Added +556.1k |
| Thrivent Financial for Lutherans 0.22% of their portfolio | 1.3m $113.3m | Added +15.7k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.2m $109.8m | Reduced -29.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 1.1m $103.1m | Reduced -1.3m |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 1.1m $100.6m | First filing |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 1.1m $99.8m | Added +425.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $98.4m | Added +69.8k |
| Sound Shore Management Inc /CT/ 3.19% of their portfolio | 1.1m $95.1m | Added +201.4k |
| Nuveen, LLC 0.02% of their portfolio | 999.9k $90.4m | Reduced -116.4k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 927.1k $83.8m | Reduced -2.2m |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 842.6k $76.2m | Added +72.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 828.4k $73.4m | Added +35.1k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.90% of their portfolio | 808.1k $73.1m | Added +79.6k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 763.2k $69.0m | Added +48.0k |
| Pacer Advisors, Inc. 0.19% of their portfolio | 741.6k $67.1m | Added +43.8k |
| SHAPIRO CAPITAL MANAGEMENT LLC 3.68% of their portfolio | 652.0k $59.0m | Added +90.3k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.96% of their portfolio | 598.3k $54.1m | Reduced -3.2k |
| Holocene Advisors, LP 0.13% of their portfolio | 593.7k $53.7m | New |
| Swiss National Bank 0.03% of their portfolio | 581.7k $52.6m | Added +38.8k |
| Defilade Capital Management, L.P. 7.35% of their portfolio | 579.2k $52.4m | New |
| Boston Trust Walden Corp 0.43% of their portfolio | 572.9k $51.8m | Reduced -63.9k |
| Boston Partners 0.05% of their portfolio | 569.0k $51.5m | Reduced -23.2k |
| Amundi 0.01% of their portfolio | 558.5k $50.5m | Reduced -207.6k |
| Magellan Asset Management Ltd 0.65% of their portfolio | 550.8k $49.8m | Reduced -86.0k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 484.9k $43.8m | Added +19.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 476.8k $43.1m | Reduced -43.6k |
| Douglas Lane & Associates, LLC 0.62% of their portfolio | 475.1k $43.0m | Added +14.9k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 459.8k $41.6m | First filing |
| California Public Employees Retirement System 0.03% of their portfolio | 458.3k $41.4m | Reduced -69.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 454.0k $41.0m | Added +42.2k |
| BARCLAYS PLC 0.01% of their portfolio | 426.3k $38.5m | Reduced -31.8k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 424.6k $38.4m | Added +421.3k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 412.0k $37.2m | Added +102.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 407.1k $36.8m | Added +117.1k |
| WILSEY ASSET MANAGEMENT INC 5.71% of their portfolio | 403.0k $36.4m | Added +42.2k |
| Quantinno Capital Management LP 0.06% of their portfolio | 396.1k $35.8m | Added +287.9k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 387.5k $35.0m | Added +73.1k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 355.4k $32.1m | Reduced -358.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 352.8k $31.9m | First filing |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 335.4k $30.3m | Reduced -6.5k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 327.3k $29.0m | Added +3.6k |
| CapitalatWork S.A. 0.88% of their portfolio | 327.1k $29.6m | Reduced -5.0k |
| Lido Advisors, LLC 0.12% of their portfolio | 323.5k $29.3m | Added +17.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 319.7k $28.9m | Reduced -86.8k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 3.21% of their portfolio | 300.1k $27.1m | Added +26.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 296.8k $26.8m | Added +38.1k |
| Minneapolis Portfolio Management Group, LLC 2.74% of their portfolio | 285.5k $25.8m | Added +12.6k |
| DekaBank Deutsche Girozentrale 0.04% of their portfolio | 277.0k $25.5m | Unchanged |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.71% of their portfolio | 270.9k $24.5m | Added +155.3k |
| Parkman Healthcare Partners LLC 2.53% of their portfolio | 269.6k $24.4m | Added +118.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 235.5k $21.2m | Reduced -6.6k |
| GAMCO INVESTORS, INC. ET AL 0.21% of their portfolio | 231.1k $20.9m | Reduced -867 |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 228.4k $20.2m | Added +41.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 220.8k $20.0m | Reduced -1.3k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 216.7k $19.6m | Reduced -26.8k |
| CITIGROUP INC 0.01% of their portfolio | 194.4k $17.6m | Reduced -6.3k |
| National Pension Service 0.01% of their portfolio | 193.2k $17.5m | Added +104.4k |
| Vestal Point Capital, LP 0.48% of their portfolio | 190.0k $17.2m | Added +40.0k |
| South Dakota Investment Council 0.32% of their portfolio | 187.5k $17.0m | Added +2.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 180.9k $16.4m | Reduced -299 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 179.5k $16.2m | Reduced -44.6k |
| Eurizon Capital SGR S.p.A. 0.05% of their portfolio | 179.2k $16.2m | New |
| ST GERMAIN D J CO INC 0.63% of their portfolio | 176.4k $15.9m | Added +43.4k |
| Invenomic Capital Management LP 0.71% of their portfolio | 169.7k $15.3m | Added +35.8k |
| Capital International, Inc./CA/ 0.12% of their portfolio | 167.7k $15.2m | Added +20.1k |
| Aberdeen Group plc 0.02% of their portfolio | 167.2k $15.1m | Reduced -87 |
| AVIVA PLC 0.02% of their portfolio | 164.0k $14.8m | Reduced -1.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 160.6k $14.5m | Unchanged |
| SECTOR GAMMA AS 3.33% of their portfolio | 155.8k $14.1m | Added +23.4k |
| Bellevue Group AG 0.33% of their portfolio | 155.6k $14.1m | Reduced -83.1k |
| QSM Asset Management Ltd 6.69% of their portfolio | 154.4k $13.7m | Added +22.9k |
| GABELLI FUNDS LLC 0.09% of their portfolio | 147.3k $13.3m | Added +17.0k |
| FIRST NATIONAL BANK OF OMAHA 0.40% of their portfolio | 146.3k $13.1m | Added +47.8k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 145.6k $13.2m | Reduced -15.6k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 144.3k $13.0m | Reduced -74.4k |