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 ($163.7m this quarter). Holder counts are more reliable. Shares outstanding: 422.1m as of 2026-02-06, 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 ≈ $118.98. Options: 31 managers hold calls ($440.7m notional), 28 hold puts ($179.1m).
Trends to Q4 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 |
| Q2 2025 | 1,873 |
| Q3 2025 | 1,804 |
| Q4 2025 | 1,682 |
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 2024 | 946 | 703 |
| Q2 2024 | 853 | 791 |
| Q3 2024 | 877 | 732 |
| Q4 2024 | 797 | 864 |
| Q1 2025 | 901 | 853 |
| Q2 2025 | 862 | 878 |
| Q3 2025 | 722 | 994 |
| Q4 2025 | 561 | 1,156 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $384.8m | $154.6m | 0.40 |
| Q2 2025 | $248.8m | $237.0m | 0.95 |
| Q3 2025 | $337.3m | $320.3m | 0.95 |
| Q4 2025 | $440.7m | $179.1m | 0.41 |
Biggest buyers
| J. Stern & Co. LLP | Added | +23.9m |
| VANGUARD GROUP INC | Added | +5.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.9m |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +2.2m |
| VAN ECK ASSOCIATES CORP | Added | +1.7m |
| FIL Ltd | Added | +1.7m |
| JANUS HENDERSON GROUP PLC | Added | +1.6m |
| MONTRUSCO BOLTON INVESTMENTS INC. | Added | +1.6m |
| HSBC HOLDINGS PLC | Added | +1.5m |
| Amundi | Added | +1.4m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -3.0m |
| POLEN CAPITAL MANAGEMENT LLC | Reduced | -2.0m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -1.5m |
| MORGAN STANLEY | Reduced | -1.5m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.5m |
| AMERIPRISE FINANCIAL INC | Reduced | -1.4m |
| MACKENZIE FINANCIAL CORP | Reduced | -1.2m |
| Cantillon Capital Management LLC | Sold out | -1.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.2m |
| WELLS FARGO & COMPANY/MN | Reduced | -1.1m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $145.4m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $63.4m503.9k shares |
| CITIGROUP INC | New | $50.3m400.0k shares |
| JANE STREET GROUP, LLC | Added | $25.1m199.1k shares |
| Squarepoint Ops LLC | Added | $19.1m152.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $18.6m148.0k shares |
| JPMORGAN CHASE & CO | Reduced | $18.2m145.0k shares |
| IMC-Chicago, LLC | Added | $14.8m117.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $10.7m85.1k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $10.6m84.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $50.0m397.7k shares |
| CITADEL ADVISORS LLC | Reduced | $20.8m165.4k shares |
| IMC-Chicago, LLC | Reduced | $16.6m131.6k shares |
| Squarepoint Ops LLC | Added | $15.3m121.5k shares |
| Walleye Capital LLC | Added | $11.6m92.5k shares |
| ROYAL BANK OF CANADA | New | $8.4m67.0k shares |
| JANE STREET GROUP, LLC | Reduced | $7.4m58.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $7.3m58.4k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $4.8m38.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $4.2m332 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2025 | 0 | — | 1 | $110.8k | $110.8k |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 47.8m $6.0bn | Added +5.5m |
| BlackRock, Inc. 0.08% of their portfolio | 37.4m $4.7bn | Added +1.2m |
| J. Stern & Co. LLP 2.05% of their portfolio | 24.1m $24.1m | Added +23.9m |
| STATE STREET CORP 0.08% of their portfolio | 19.8m $2.5bn | Added +149.4k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 1.57% of their portfolio | 15.9m $2.0bn | Unchanged |
| MORGAN STANLEY 0.12% of their portfolio | 15.5m $1.9bn | Reduced -1.5m |
| WELLINGTON MANAGEMENT GROUP LLP 0.25% of their portfolio | 11.4m $1.4bn | Added +2.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 11.3m $1.4bn | Added +189.2k |
| NORGES BANK 0.08% of their portfolio | 5.8m $734.4m | Not comparable |
| NORTHERN TRUST CORP 0.09% of their portfolio | 5.7m $723.3m | Reduced -254.3k |
| POLEN CAPITAL MANAGEMENT LLC 2.99% of their portfolio | 5.6m $699.9m | Reduced -2.0m |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 5.6m $699.3m | Added +891.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.53% of their portfolio | 4.9m $622.2m | Added +2.2m |
| Unisphere Establishment 4.51% of their portfolio | 4.8m $603.9m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.12% of their portfolio | 4.8m $602.6m | Reduced -1.1m |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 4.5m $566.7m | Reduced -1.5m |
| Bank of New York Mellon Corp 0.10% of their portfolio | 4.3m $541.7m | Added +584.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.36% of their portfolio | 4.2m $534.0m | Reduced -72.3k |
| BROWN ADVISORY INC 0.71% of their portfolio | 4.0m $509.3m | Reduced -676.1k |
| Amundi 0.14% of their portfolio | 4.0m $503.4m | Added +1.4m |
| Fundsmith LLP 2.87% of their portfolio | 3.9m $490.8m | Added +285.7k |
| JANUS HENDERSON GROUP PLC 0.22% of their portfolio | 3.9m $488.7m | Added +1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.10% of their portfolio | 3.8m $481.4m | Reduced -177.9k |
| ALLIANCEBERNSTEIN L.P. 0.15% of their portfolio | 3.7m $465.6m | Reduced -540.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 3.7m $459.6m | Added +6.7k |
| Legal & General Group Plc 0.10% of their portfolio | 3.6m $447.2m | Added +138.7k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 3.4m $431.1m | Reduced -1.2m |
| Invesco Ltd. 0.04% of their portfolio | 3.4m $423.0m | Reduced -9.1k |
| Nuveen, LLC 0.11% of their portfolio | 3.3m $413.2m | Reduced -387.2k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 2.04% of their portfolio | 3.2m $397.4m | Added +465.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.22% of their portfolio | 3.0m $382.3m | Added +340.6k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 2.8m $356.6m | Added +41.6k |
| UBS Group AG 0.07% of their portfolio | 2.8m $355.7m | Added +17.7k |
| Swedbank AB 0.33% of their portfolio | 2.7m $344.1m | Added +297.7k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 2.6m $333.2m | Added +1.5m |
| Pictet Asset Management Holding SA 0.29% of their portfolio | 2.4m $302.7m | Reduced -276.5k |
| VAN ECK ASSOCIATES CORP 0.25% of their portfolio | 2.4m $300.3m | Added +1.7m |
| BANQUE PICTET & CIE SA 3.00% of their portfolio | 2.4m $299.3m | Reduced -152.7k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.2m $281.4m | Reduced -3.0m |
| MONTRUSCO BOLTON INVESTMENTS INC. 3.33% of their portfolio | 2.2m $266.9m | Added +1.6m |
| FIL Ltd 0.20% of their portfolio | 2.1m $268.6m | Added +1.7m |
| PRINCIPAL FINANCIAL GROUP INC 0.13% of their portfolio | 2.1m $258.9m | Reduced -135.3k |
| BLS Capital Fondsmaeglerselskab A/S 8.43% of their portfolio | 2.0m $248.7m | Added +509.6k |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 1.9m $243.8m | Reduced -1.4m |
| Veritas Asset Management LLP 2.27% of their portfolio | 1.8m $221.7m | Reduced -24.3k |
| BROWN BROTHERS HARRIMAN & CO 1.15% of their portfolio | 1.7m $210.1m | Reduced -204.9k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 1.6m $205.7m | Reduced -821.6k |
| Assenagon Asset Management S.A. 0.31% of their portfolio | 1.6m $205.3m | Added +935.4k |
| FIRST TRUST ADVISORS LP 0.14% of their portfolio | 1.6m $198.8m | Added +94.3k |
| Impax Asset Management Group plc 1.24% of their portfolio | 1.6m $198.5m | Reduced -116.3k |
| TD Asset Management Inc 0.16% of their portfolio | 1.6m $196.8m | Reduced -17.0k |
| Employees Provident Fund Board 1.42% of their portfolio | 1.5m $193.4m | Unchanged |
| Corient Private Wealth LP 0.13% of their portfolio | 1.5m $190.6m | Added +473.2k |
| CIBC Private Wealth Group LLC 0.32% of their portfolio | 1.5m $186.8m | Reduced -196.5k |
| Capital Research Global Investors 0.03% of their portfolio | 1.4m $179.8m | Added +6.5k |
| COMGEST GLOBAL INVESTORS S.A.S. 3.12% of their portfolio | 1.4m $175.2m | Reduced -61.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio | 1.4m $172.9m | Added +596.9k |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 1.3m $163.3m | Reduced -94.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.3m $162.5m | Added +252.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 1.3m $157.4m | Reduced -607.0k |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 1.2m $154.1m | Added +110.4k |
| D. E. Shaw & Co., Inc. 0.12% of their portfolio | 1.2m $152.8m | Reduced -382.8k |
| Swiss National Bank 0.09% of their portfolio | 1.2m $152.7m | Reduced -69.9k |
| FUNDSMITH INVESTMENT SERVICES LTD. 2.78% of their portfolio | 1.2m $151.8m | Added +30.7k |
| Aberdeen Group plc 0.23% of their portfolio | 1.2m $149.5m | Added +79.2k |
| NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio | 1.2m $149.1m | Reduced -458.6k |
| Ninety One UK Ltd 0.31% of their portfolio | 1.1m $144.2m | Reduced -1.1m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.51% of their portfolio | 1.1m $144.0m | Added +829.4k |
| Epoch Investment Partners, Inc. 0.81% of their portfolio | 1.1m $142.6m | Reduced -33.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 1.1m $137.9m | Reduced -37.6k |
| Vontobel Holding Ltd. 0.45% of their portfolio | 1.1m $135.3m | Reduced -198.7k |
| LAZARD ASSET MANAGEMENT LLC 0.23% of their portfolio | 1.1m $135.0m | Reduced -1.5m |
| Sarasin & Partners LLP 1.40% of their portfolio | 1.1m $134.7m | Reduced -579.4k |
| Lazard Freres Gestion S.A.S. 2.40% of their portfolio | 1.1m $133.0m | Reduced -58.6k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 1.14% of their portfolio | 1.1m $132.6m | Added +918.8k |
| BARCLAYS PLC 0.05% of their portfolio | 1.0m $130.7m | Reduced -797.6k |
| CITIGROUP INC 0.09% of their portfolio | 1.0m $130.2m | Added +362.1k |
| California Public Employees Retirement System 0.07% of their portfolio | 1.0m $130.0m | Reduced -620.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.17% of their portfolio | 973.4k $122.5m | Added +805.9k |
| BLAIR WILLIAM & CO/IL 0.33% of their portfolio | 970.0k $122.0m | Reduced -393.2k |
| AVIVA PLC 0.20% of their portfolio | 934.0k $117.5m | Reduced -57.2k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 920.5k $115.8m | Reduced -170.0k |
| CCLA Investment Management 1.79% of their portfolio | 885.4k $111.4m | Reduced -13.2k |
| Alecta Tjanstepension Omsesidigt 0.49% of their portfolio | 882.2k $111.0m | Unchanged |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.44% of their portfolio | 850.9k $107.1m | Reduced -193.5k |
| Scharf Investments, LLC 2.77% of their portfolio | 818.9k $103.0m | Added +324.7k |
| Squarepoint Ops LLC 0.20% of their portfolio | 807.2k $101.6m | Added +68.7k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 802.7k $101.0m | Reduced -735.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio | 799.1k $100.5m | Added +220.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.16% of their portfolio | 793.5k $100.2m | Added +290.5k |
| Man Group plc 0.19% of their portfolio | 786.8k $99.0m | Added +9.3k |
| Rathbones Group PLC 0.19% of their portfolio | 750.1k $94.4m | Added +218.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 723.5k $91.0m | Reduced -3.9k |
| National Pension Service 0.07% of their portfolio | 715.2k $90.0m | Reduced -675.2k |
| Tandem Investment Advisors, Inc. 3.32% of their portfolio | 707.8k $89.1m | Reduced -82.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 674.8k $84.9m | Added +31.8k |
| SEI INVESTMENTS CO 0.08% of their portfolio | 673.0k $84.7m | Reduced -9.0k |
| Bank Julius Baer & Co. Ltd, Zurich 0.23% of their portfolio | 659.2k $83.0m | Reduced -13.6k |
| Allianz Asset Management GmbH 0.09% of their portfolio | 633.9k $79.8m | Added +14.4k |
| Fayez Sarofim & Co 0.18% of their portfolio | 607.6k $76.4m | Reduced -640.6k |