ZOETIS INC ZTS
CL A · Common Stock · CUSIP 98978V103 · ISIN US98978V1035
American animal health company
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersParsippany, NJ
- Founded1952
- Websitezoetis.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 ($178.5m this quarter). Holder counts are more reliable. Shares outstanding: 445.2m as of 2025-05-02, 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 ≈ $164.49. Options: 35 managers hold calls ($384.8m notional), 25 hold puts ($154.6m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,510 |
| Q4 2022 | 1,520 |
| Q1 2023 | 1,559 |
| Q2 2023 | 1,629 |
| Q3 2023 | 1,633 |
| Q4 2023 | 1,748 |
| Q1 2024 | 1,740 |
| Q2 2024 | 1,741 |
| Q3 2024 | 1,788 |
| Q4 2024 | 1,875 |
| Q1 2025 | 1,890 |
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 2023 | 787 | 651 |
| Q3 2023 | 760 | 688 |
| Q4 2023 | 787 | 713 |
| Q1 2024 | 946 | 703 |
| Q2 2024 | 853 | 791 |
| Q3 2024 | 877 | 732 |
| Q4 2024 | 797 | 864 |
| Q1 2025 | 901 | 853 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $247.9m | $239.4m | 0.97 |
| Q3 2024 | $234.9m | $228.1m | 0.97 |
| Q4 2024 | $232.9m | $257.6m | 1.11 |
| Q1 2025 | $384.8m | $154.6m | 0.40 |
Biggest buyers
| Fundsmith LLP | Added | +2.3m |
| MACKENZIE FINANCIAL CORP | Added | +1.7m |
| Sarasin & Partners LLP | New | +1.6m |
| UBS Group AG | Added | +1.3m |
| POLEN CAPITAL MANAGEMENT LLC | Added | +1.3m |
| BLS Capital Fondsmaeglerselskab A/S | New | +1.0m |
| FIRST TRUST ADVISORS LP | Added | +1.0m |
| MORGAN STANLEY | Added | +901.4k |
| Amundi | Added | +846.9k |
| BARCLAYS PLC | Added | +837.7k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -4.2m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -3.3m |
| Capital World Investors | Reduced | -2.6m |
| CITADEL ADVISORS LLC | Reduced | -1.0m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -953.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -893.2k |
| Assenagon Asset Management S.A. | Reduced | -745.2k |
| Ninety One UK Ltd | Reduced | -591.1k |
| Intermede Investment Partners Ltd | Sold out | -577.8k |
| AXIOM INVESTORS LLC /DE | Sold out | -490.7k |
Biggest calls
| PUBLIC INVESTMENT FUND | Added | $131.8m800.5k shares |
| JANE STREET GROUP, LLC | Added | $39.6m240.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $31.6m192.0k shares |
| CITADEL ADVISORS LLC | Added | $29.9m181.3k shares |
| PICTON MAHONEY ASSET MANAGEMENT | New | $24.7m150.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $20.2m122.7k shares |
| WOLVERINE TRADING, LLC | Added | $18.7m114.7k shares |
| IMC-Chicago, LLC | Added | $11.9m72.4k shares |
| JPMORGAN CHASE & CO | Reduced | $10.7m65.0k shares |
| Walleye Capital LLC | Reduced | $9.5m57.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $55.2m335.1k shares |
| CITADEL ADVISORS LLC | Added | $21.1m128.3k shares |
| JANE STREET GROUP, LLC | Added | $15.0m91.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $11.6m70.4k shares |
| Walleye Trading LLC | Added | $8.4m51.2k shares |
| Walleye Capital LLC | Reduced | $8.3m50.7k shares |
| WOLVERINE TRADING, LLC | Added | $5.8m35.5k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $5.7m34.6k shares |
| Allianz Asset Management GmbH | Added | $4.9m29.6k shares |
| BANK OF MONTREAL /CAN/ | New | $3.9m23.4k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-30 | 9.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.7% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2025
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 2023 | 0 | — | 2 | $3.1m | $3.1m |
| Q3 2023 | 0 | — | 4 | $4.7m | $4.5m |
| Q4 2023 | 0 | — | 2 | $3.3m | $3.3m |
| Q1 2024 | 0 | — | 3 | $3.8m | $3.5m |
| Q2 2024 | 0 | — | 1 | $139.5k | $139.5k |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $617.0k | — |
| Q1 2025 | 0 | — | 3 | $372.1k | $171.1k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-11 | Reed Willie M Director | Sold | $201.0k1.2k shares |
| 2025-03-10 | Lagano Roxanne Executive Vice President | Sold plan | $55.4k326 shares |
| 2025-02-19 | PECK KRISTIN C Chief Executive Officer, director | Sold plan | $59.9k382 shares |
| 2025-02-11 | Lagano Roxanne Executive Vice President | Sold plan | $55.8k326 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.12% of their portfolio | 41.6m $6.8bn | Added +189.3k |
| BlackRock, Inc. 0.13% of their portfolio | 38.5m $6.3bn | Reduced -225.6k |
| STATE STREET CORP 0.13% of their portfolio | 19.8m $3.3bn | Reduced -46.1k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 2.40% of their portfolio | 15.9m $2.6bn | Reduced -118.6k |
| MORGAN STANLEY 0.15% of their portfolio | 12.7m $2.1bn | Added +901.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.14% of their portfolio | 11.0m $1.8bn | Added +368.1k |
| ALLIANCEBERNSTEIN L.P. 0.65% of their portfolio | 10.9m $1.8bn | Reduced -953.0k |
| POLEN CAPITAL MANAGEMENT LLC 4.55% of their portfolio | 8.8m $1.4bn | Added +1.3m |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 7.3m $1.2bn | Reduced -4.2m |
| NORTHERN TRUST CORP 0.16% of their portfolio | 6.5m $1.1bn | Added +78.5k |
| WELLS FARGO & COMPANY/MN 0.25% of their portfolio | 6.3m $1.0bn | Added +410.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.19% of their portfolio | 6.1m $998.7m | Reduced -893.2k |
| Bank of New York Mellon Corp 0.17% of their portfolio | 5.3m $873.3m | Reduced -257.7k |
| GOLDMAN SACHS GROUP INC 0.16% of their portfolio | 5.1m $842.4m | Added +71.1k |
| NORGES BANK 0.12% of their portfolio | 5.1m $838.6m | Added +33.8k |
| Unisphere Establishment 6.90% of their portfolio | 4.8m $790.3m | Unchanged |
| BROWN ADVISORY INC 1.04% of their portfolio | 4.4m $725.9m | Added +312.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.18% of their portfolio | 4.3m $700.2m | Added +174.1k |
| Capital World Investors 0.11% of their portfolio | 4.0m $653.7m | Reduced -2.6m |
| Nuveen, LLC 0.19% of their portfolio | 3.7m $616.4m | First filing |
| Amundi 0.21% of their portfolio | 3.6m $575.7m | Added +846.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 3.5m $576.9m | Added +109.3k |
| AMERIPRISE FINANCIAL INC 0.15% of their portfolio | 3.4m $556.9m | Added +161.4k |
| Legal & General Group Plc 0.15% of their portfolio | 3.3m $539.1m | Reduced -42.9k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 3.2m $535.0m | Reduced -188.3k |
| UBS Group AG 0.11% of their portfolio | 3.1m $517.1m | Added +1.3m |
| DEUTSCHE BANK AG\ 0.20% of their portfolio | 3.0m $496.9m | Added +128.7k |
| Clearbridge Investments, LLC 0.41% of their portfolio | 2.8m $468.4m | Added +25.6k |
| Invesco Ltd. 0.09% of their portfolio | 2.8m $453.7m | Added +45.0k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 2.7m $442.3m | Added +549.5k |
| Pictet Asset Management Holding SA 0.49% of their portfolio | 2.7m $439.9m | Added +670.5k |
| BANQUE PICTET & CIE SA 4.60% of their portfolio | 2.6m $430.6m | Added +24.5k |
| LAZARD ASSET MANAGEMENT LLC 0.66% of their portfolio | 2.6m $429.3m | Reduced -54.1k |
| Fundsmith LLP 1.91% of their portfolio | 2.5m $419.3m | Added +2.3m |
| PRINCIPAL FINANCIAL GROUP INC 0.23% of their portfolio | 2.4m $401.6m | Added +40.1k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 2.4m $387.7m | Added +9.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio | 2.2m $357.6m | Added +40.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.37% of their portfolio | 2.1m $348.3m | Added +75.8k |
| JANUS HENDERSON GROUP PLC 0.18% of their portfolio | 2.0m $322.7m | Added +371.8k |
| BROWN BROTHERS HARRIMAN & CO 2.22% of their portfolio | 1.9m $317.2m | Reduced -19.9k |
| BLAIR WILLIAM & CO/IL 0.94% of their portfolio | 1.9m $311.6m | Reduced -347.9k |
| Veritas Asset Management LLP 3.12% of their portfolio | 1.9m $308.5m | Reduced -98.8k |
| MACKENZIE FINANCIAL CORP 0.43% of their portfolio | 1.8m $300.5m | Added +1.7m |
| JENSEN INVESTMENT MANAGEMENT INC 3.32% of their portfolio | 1.8m $299.9m | Reduced -302.0k |
| NEUBERGER BERMAN GROUP LLC 0.25% of their portfolio | 1.8m $297.1m | Reduced -119.6k |
| BARCLAYS PLC 0.13% of their portfolio | 1.8m $294.6m | Added +837.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.27% of their portfolio | 1.8m $290.8m | Added +101.6k |
| Vontobel Holding Ltd. 1.02% of their portfolio | 1.7m $279.7m | Added +109.5k |
| TD Asset Management Inc 0.24% of their portfolio | 1.6m $260.8m | Reduced -34.6k |
| Sarasin & Partners LLP 2.77% of their portfolio | 1.6m $255.8m | New |
| AKO CAPITAL LLP 3.26% of their portfolio | 1.5m $250.9m | Added +18.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.5m $241.2m | Reduced -371.5k |
| Epoch Investment Partners, Inc. 1.22% of their portfolio | 1.4m $235.7m | Added +5.4k |
| KING LUTHER CAPITAL MANAGEMENT CORP 1.08% of their portfolio | 1.4m $233.8m | Reduced -134.4k |
| Capital Research Global Investors 0.05% of their portfolio | 1.4m $232.9m | Added +318.0k |
| COMGEST GLOBAL INVESTORS S.A.S. 4.11% of their portfolio | 1.4m $230.0m | Added +139.7k |
| Corient Private Wealth LP 0.37% of their portfolio | 1.4m $228.3m | Reduced -263.2k |
| Employees Provident Fund Board 2.55% of their portfolio | 1.4m $224.6m | Added +444.7k |
| National Pension Service 0.21% of their portfolio | 1.3m $217.2m | Added +106.4k |
| California Public Employees Retirement System 0.15% of their portfolio | 1.3m $216.1m | Reduced -41.5k |
| Swiss National Bank 0.15% of their portfolio | 1.3m $209.5m | Reduced -7.5k |
| Fayez Sarofim & Co 0.51% of their portfolio | 1.3m $206.8m | Added +82.0k |
| Cantillon Capital Management LLC 1.34% of their portfolio | 1.3m $206.5m | Reduced -38.8k |
| RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio | 1.2m $202.3m | Added +21.8k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 2.00% of their portfolio | 1.2m $200.1m | Added +45.8k |
| FMR LLC 0.01% of their portfolio | 1.2m $195.2m | Reduced -90.1k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.83% of their portfolio | 1.2m $195.2m | Reduced -1.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.15% of their portfolio | 1.2m $192.6m | First filing |
| FIRST TRUST ADVISORS LP 0.16% of their portfolio | 1.1m $185.7m | Added +1.0m |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 1.1m $184.7m | Reduced -16.1k |
| RHUMBLINE ADVISERS 0.17% of their portfolio | 1.1m $183.6m | Added +51.7k |
| AXA S.A. 0.60% of their portfolio | 1.1m $183.3m | Reduced -256.0k |
| Ninety One UK Ltd 0.50% of their portfolio | 1.1m $180.8m | Reduced -591.1k |
| Aberdeen Group plc 0.35% of their portfolio | 1.1m $178.1m | Reduced -9.1k |
| AMERICAN CENTURY COMPANIES INC 0.11% of their portfolio | 1.1m $178.8m | Added +53.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 1.0m $172.3m | Reduced -64.4k |
| BLS Capital Fondsmaeglerselskab A/S 5.84% of their portfolio | 1.0m $169.8m | New |
| CREDIT AGRICOLE S A 0.60% of their portfolio | 969.7k $159.7m | Reduced -107.6k |
| Lazard Freres Gestion S.A.S. 3.85% of their portfolio | 962.5k $158.5m | Reduced -112.4k |
| NATIXIS ADVISORS, LLC 0.28% of their portfolio | 935.9k $154.1m | Added +80.0k |
| CIBC Private Wealth Group LLC 0.28% of their portfolio | 932.4k $134.6m | Reduced -17.3k |
| Squarepoint Ops LLC 0.37% of their portfolio | 912.6k $150.3m | Added +235.9k |
| Allianz Asset Management GmbH 0.21% of their portfolio | 866.7k $142.7m | Reduced -136.5k |
| Williams Jones Wealth Management, LLC. 1.78% of their portfolio | 845.5k $139.2m | Reduced -113.4k |
| CCLA Investment Management 2.43% of their portfolio | 835.2k $137.5m | Added +76.9k |
| CITIGROUP INC 0.10% of their portfolio | 824.0k $135.7m | Added +290.5k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 770.8k $126.9m | Reduced -62.7k |
| Thrivent Financial for Lutherans 0.27% of their portfolio | 747.3k $123.3m | Reduced -44.2k |
| STIFEL FINANCIAL CORP 0.13% of their portfolio | 728.3k $119.9m | Added +35.1k |
| FUNDSMITH INVESTMENT SERVICES LTD. 1.68% of their portfolio | 721.4k $118.8m | Added +633.2k |
| Ownership Capital B.V. 5.40% of their portfolio | 716.1k $117.9m | Reduced -132.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.14% of their portfolio | 704.8k $116.0m | Reduced -6.8k |
| Stonehage Fleming Financial Services Holdings Ltd 3.75% of their portfolio | 648.6k $106.8m | Reduced -40.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio | 648.4k $106.8m | Added +380.7k |
| Fiera Capital Corp 0.38% of their portfolio | 642.0k $105.7m | Reduced -2.4k |
| VAN ECK ASSOCIATES CORP 0.13% of their portfolio | 620.3k $102.1m | Added +42.6k |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 616.4k $100.6m | Added +322.7k |
| AVIVA PLC 0.24% of their portfolio | 612.6k $100.9m | Added +73.9k |
| Milestone Resources Group Ltd 5.31% of their portfolio | 608.8k $100.2m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 607.2k $100.0m | Reduced -127.6k |