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ZP
Zimmer Partners Portfolio holdings
AUM
$4.15B
1-Year Est. Return
14.2%
This Fund
S&P 500
This Quarter
Est. Return
-1.37%
1 Year Est. Return
+14.2%
3 Year Est. Return
+57.21%
5 Year Est. Return
+47.82%
10 Year Est. Return
+152.76%
AUM
$3.8B
AUM Growth
-$835M
(-18%)
Cap. Flow
-$776M
Cap. Flow
% of AUM
-20.44%
Top 10 Holdings %
Top 10 Hldgs %
43.65%
Holding
187
New
39
Increased
33
Reduced
40
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Entergy
ETR
|
+$158M |
| 2 |
Kinetik
KNTK
|
+$98.8M |
| 3 |
Cheniere Energy
LNG
|
+$62.3M |
| 4 |
Sempra
SRE
|
+$50.4M |
| 5 |
Kodiak Gas Services
KGS
|
+$47.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$101M |
| 2 |
Targa Resources
TRGP
|
+$91.8M |
| 3 |
TXNM
TXNM Energy Inc
TXNM
|
+$88.1M |
| 4 |
NiSource
NI
|
+$86.2M |
| 5 |
CenterPoint Energy
CNP
|
+$66.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 41.19% |
| 2 | Energy | 18.4% |
| 3 | Industrials | 15.37% |
| 4 | Real Estate | 8.33% |
| 5 | Financials | 3.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
AstraZeneca
AZN
$263B
| – | – |
-54,100
| Closed | -$8.3M |
|
127
BridgeBio Pharma
BBIO
$16.5B
| – | – |
-184,400
| Closed | -$9.58M |
|
128
CALL
Bristol-Myers Squibb
BMY
$128B
| – | – |
-175,000
| Closed | -$7.89M |
|
|
129
Bristol-Myers Squibb
BMY
$128B
| – | – |
-182,000
| Closed | -$8.21M |
|
130
Brown & Brown
BRO
$23.6B
| – | – |
-125,000
| Closed | -$11.7M |
|
131
Chewy
CHWY
$8.93B
| – | – |
-79,654
| Closed | -$3.22M |
|
|
CSW
132
CSW Industrials
CSW
$4.78B
| – | – |
-60,000
| Closed | -$14.6M |
|
133
CSX Corp
CSX
$96B
| – | – |
-75,000
| Closed | -$2.66M |
|
134
Cytokinetics
CYTK
$10.9B
| – | – |
-50,000
| Closed | -$2.75M |
|
135
Digital Realty Trust
DLR
$72.4B
| – | – |
-2,400
| Closed | -$415K |
|
136
CALL
Duke Energy
DUK
$100B
| – | – |
-100,000
| Closed | -$12.4M |
|
137
Evolus
EOLS
$407M
| – | – |
-330,000
| Closed | -$2.03M |
|
138
Equity Residential
EQR
$25.2B
| – | – |
-4,376
| Closed | -$283K |
|
139
PUT
Eversource Energy
ES
$28.1B
| – | – |
-500,000
| Closed | -$35.6M |
|
140
PUT
Evergy
EVRG
$19.8B
| – | – |
-287,500
| Closed | -$21.9M |
|
141
PUT
GSK
GSK
$104B
| – | – |
-400,000
| Closed | -$17.3M |
|
142
CALL
Hess Midstream
HESM
$5.11B
| – | – |
-500,000
| Closed | -$17.3M |
|
143
Incyte
INCY
$23.7B
| – | – |
-50,000
| Closed | -$4.24M |
|
144
James Hardie Industries
JHX
$15.5B
| – | – |
-275,000
| Closed | -$5.28M |
|
145
Kite Realty
KRG
$5.99B
| – | – |
-12,614
| Closed | -$281K |
|
146
CALL
Eli Lilly
LLY
$1.07T
| – | – |
-12,500
| Closed | -$9.54M |
|
|
147
Eli Lilly
LLY
$1.07T
| – | – |
-48,300
| Closed | -$36.9M |
|
148
Louisiana-Pacific
LPX
$5.19B
| – | – |
-65,000
| Closed | -$5.77M |
|
149
Mirion Technologies
MIR
$4.12B
| – | – |
-200,000
| Closed | -$4.65M |
|
150
Merck
MRK
$323B
| – | – |
-20,000
| Closed | -$1.68M |
|
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Zimmer Partners's Q4 2025 Portfolio in Review
As of Q4 2025, Zimmer Partners held 187 positions worth $3.8B, down 18% from $4.63B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Zimmer Partners withdrew a net $776M in Q4 2025, closing 68 positions and reducing 40 holdings. Its most notable exit was American Electric Power, an estimated $101M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 41% of assets, up from 40% a quarter earlier, followed by Energy and Industrials.
Against the trend, Zimmer Partners opened a new position in Entergy worth $154M.
- Zimmer Partners's largest Q4 2025 buy was Entergy: 1,661,973 shares worth $154M.
- Zimmer Partners added most to Cheniere Energy in Q4 2025, an estimated $62.3M increase.
- Zimmer Partners's biggest Q4 2025 reduction was Targa Resources, cutting an estimated $91.8M.
- Zimmer Partners fully exited American Electric Power in Q4 2025, selling an estimated $101M.
- Zimmer Partners's ten largest holdings make up 44% of its $3.8B portfolio in Q4 2025.
- Zimmer Partners opened 39 new positions and closed 68 in Q4 2025.
- Zimmer Partners's portfolio value fell 18% quarter-over-quarter to $3.8B.
Based on Zimmer Partners's 13F filing for Q4 2025, filed 17 Feb 2026.