Zimmer Biomet Holdings

ZBH • NYSE

Zimmer Biomet Holdings is a medical - devices company in the healthcare sector on NYSE, led by Bryan C. Hanson, with a market cap of $18.2B. As of Q3 2025, 96% of shares are held by 932 institutional investors, with VANGUARD GROUP INC as the largest holder at 11.76%.

Chief Executive OfficerBryan C. Hanson

Market Cap$18.2B

Medical - Devices

Healthcare

Employees18.0K

Websitezimmerbiomet.com

Country

United States of America

Overview

Overview of institutional ownership in ZBH as of Q3 2025 with a market cap of $19.5B

All Institutions

Institutions: 932
Value Held: $18.8B
Shares Held: 190.9M
Avg Position: $20.2M
Median Position: $555.0K

Hedge Funds

Hedge Funds: 40
Value Held: $428.2M
Shares Held: 4.3M
Avg Position: $10.7M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

94.15%

$18.4B

Hedge Funds

2.19%

$428.2M

Retail & Other

3.65%

$713.1M

Based on market cap of $19.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ZBH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.3B 0.03% of portfolio	11.76% 23.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DODGE & COX Long Only Manager	Dana Morton Emery CEO	$2.3B 1.23% of portfolio	11.72% 23.2M shares	Q1 2022 Held for 3y 8m	$185.33B
B BlackRock, Inc. Institution	-	$1.6B 0.03% of portfolio	8.15% 16.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$1.5B 0.16% of portfolio	7.61% 15.1M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$852.3M 0.03% of portfolio	4.36% 8.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
C Capital International Investors Institution	-	$743.7M 0.12% of portfolio	3.81% 7.6M shares	Q2 2025 Held for 5 months	$615.90B
A AMERICAN CENTURY COMPANIES INC Institution	-	$509.9M 0.26% of portfolio	2.61% 5.2M shares	≤ Q2 2013 Held for 12y 5m+	$195.93B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$509.9M 0.03% of portfolio	2.62% 5.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
HARRIS ASSOCIATES L P Long Only Manager	Anthony Paul Coniaris Chairman	$467.9M 0.75% of portfolio	2.40% 4.8M shares	Q2 2025 Held for 5 months	$62.4B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$459.8M 0.12% of portfolio	2.36% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$395.36B

Net Capital Flow

Institutional buying and selling activity for ZBH in Q3 2025

Traded: +$282.2M
Buyers: 420
Sellers: 394
Total Bought: +$1.0B
Total Sold: −$726.1M
Avg Position: $18.8M

Biggest Buyers

Institution	Net Bought	Current Position
DODGE & COX Long Only Manager	+$110.2M +1.1M shares	$2.3B 23.2M shares
HARRIS ASSOCIATES L P Long Only Manager	+$100.3M +1.0M shares	$467.9M 4.8M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$88.5M +898.0K shares	$116.6M 1.2M shares
C Capital International Investors Institution	+$76.7M +778.5K shares	$743.7M 7.6M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$39.6M +383.6K shares	$198.6M 1.9M shares
R ROYAL BANK OF CANADA Institution	+$37.2M +378.0K shares	$138.5M 1.4M shares
GOLDMAN SACHS GROUP INC Institution	+$34.3M +348.5K shares	$80.7M 818.9K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	+$31.4M +318.8K shares	$31.4M 318.8K shares
R Rakuten Investment Management, Inc. Institution	+$30.5M +360.1K shares	$32.1M 378.8K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$28.2M +285.8K shares	$1.5B 15.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
Invesco Ltd. ETF Provider	−$154.5M −1.6M shares	$299.3M 3.0M shares
A AMERICAN CENTURY COMPANIES INC Institution	−$52.5M −532.7K shares	$509.9M 5.2M shares
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	−$45.3M −460.2K shares	$418.7M 4.3M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$36.5M −370.7K shares	$91.6M 929.9K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$33.0M −334.8K shares	$147.7M 1.5M shares
N Neuberger Berman Group LLC Institution	−$32.1M −326.3K shares	$37.5M 380.3K shares
Woodline Partners LP Hedge Fund•Long/Short	−$23.6M −240.0K shares	$23.7M 240.8K shares
E Ensign Peak Advisors, Inc Institution	−$20.6M −209.4K shares	$4.7M 47.8K shares
UBS Group AG Institution	−$16.6M −168.5K shares	$92.7M 941.5K shares
Point72 Ltd RIA/Wealth	−$15.8M −173.3K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ZBH in Q3 2025

New Positions: 36
New Value: $32.2M
Exited Positions: 68
Exited Value: $96.1M

New Positions

Institution	Position Value
ARGA Investment Management, LP Long Only Manager	$15.2M 154.5K shares
B Benson Investment Management Company, Inc. RIA/Wealth	$5.0M 50.4K shares
A ABSHER WEALTH MANAGEMENT, LLC RIA/Wealth	$2.3M 23.8K shares
D Delta Global Management LP Hedge Fund•Market Neutral	$2.2M 22.2K shares
Morningstar Investment Management LLC Long Only Manager	$1.7M 17.3K shares
Main Management ETF Advisors, LLC Institution	$1.1M 10.9K shares
Equitable Holdings, Inc. Institution	$754.4K 7.7K shares
N NewEdge Wealth, LLC Institution	$606.1K 6.9K shares
Aptus Capital Advisors, LLC ETF Provider	$570.7K 5.8K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$411.0K 4.2K shares

Exited Positions

Institution	Previous Position
Point72 Ltd RIA/Wealth	$15.8M 173.3K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$15.5M 170.1K shares
Trexquant Investment LP Hedge Fund•Quant	$10.2M 111.7K shares
OAK ASSOCIATES LTD /OH/ Long Only Manager	$8.2M 89.9K shares
I Invenomic Capital Management LP Hedge Fund•Long/Short	$8.1M 89.1K shares
Providence Capital Advisors, LLC RIA/Wealth	$5.9M 65.1K shares
Vestal Point Capital, LP Hedge Fund•Long/Short	$4.6M 50.0K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$3.3M 35.7K shares
A AXA Institution	$3.2M 35.6K shares
OCCUDO QUANTITATIVE STRATEGIES LP Hedge Fund•Market Neutral	$2.9M 31.3K shares

Options Activity

Institutions with the largest Call and Put options positions in ZBH as of Q3 2025

Call Positions: 13
Call Value: $24.4M
Put Positions: 16
Put Value: $40.0M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$8.5M 866.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$7.1M 722.0 contracts
J JANE STREET GROUP, LLC Institution	$3.0M 309.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.6M 165.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.5M 150.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.1M 111.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$660.0K 67.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$413.7K 42.0 contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$403.9K 41.0 contracts
Walleye Trading LLC RIA/Wealth	$88.7K 9.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$17.4M 1.8K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$5.3M 543.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.7M 380.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$3.0M 309.0 contracts
J JANE STREET GROUP, LLC Institution	$2.2M 219.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.8M 184.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.8M 181.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.4M 140.0 contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$1.4M 139.0 contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$975.2K 99.0 contracts

Most Committed Institutions

Institutions with ZBH as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Q QSM Asset Management Ltd Institution	-	9.20% $12.9M	0.07% 131.5K shares	Q1 2025 Held for 8 months	$140.0M
SPEECE THORSON CAPITAL GROUP INC Long Only Manager	Matthew Jeremy Weight Director	3.93% $19.6M	0.10% 199.5K shares	≤ Q2 2013 Held for 12y 5m+	$500.5M
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC RIA/Wealth	Scott Edger Lundy CEO	3.59% $28.8M	0.15% 292.7K shares	Q1 2022 Held for 3y 8m	$803.1M
SHAPIRO CAPITAL MANAGEMENT CO INC Long Only Manager	Louis Steven Shapiro President	3.40% $75.4M	0.39% 765.5K shares	Q4 2023 Held for 1y 11m	$2.2B
Hillman Capital Management, Inc. Long Only Manager	Mark Alan Hillman CEO	3.03% $5.2M	0.03% 52.8K shares	Q3 2021 Held for 4y 2m	$171.8M
Minneapolis Portfolio Management Group, LLC RIA/Wealth	Phillip Warren Grodnick CEO	2.99% $26.0M	0.13% 264.1K shares	Q2 2025 Held for 5 months	$870.9M
KEMPNER CAPITAL MANAGEMENT INC. Long Only Manager	Vera Delynn Greene President	2.98% $3.1M	0.02% 31.4K shares	Q3 2024 Held for 1y 2m	$103.7M
Equity Investment Corp Acquisition Inc Long Only Manager	Richard Terrence Irrgang CEO	2.98% $142.0M	0.73% 1.4M shares	Q3 2024 Held for 1y 2m	$4.8B
SOUND SHORE MANAGEMENT INC /CT/ Long Only Manager	Theodore Gibbs Kane Chairman	2.92% $88.3M	0.45% 896.3K shares	Q4 2024 Held for 11 months	$3.0B
S SECTOR GAMMA AS Institution	-	2.77% $11.2M	0.06% 113.5K shares	Q1 2022 Held for 3y 8m	$403.3M