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Zimmer Biomet
ZBH

966 hedge funds and large institutions have $18.8B invested in Zimmer Biomet in 2025 Q3 according to their latest regulatory filings, with 112 funds opening new positions, 325 increasing their positions, 336 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 112 | Existing positions closed: 67

7% more capital invested

Capital invested by funds: $17.6B → $18.8B (+$1.23B)

3% more funds holding

Funds holding: 934 → 966 (+32)

0.65% less ownership

Funds ownership: 97.46% → 96.8% (-0.65%)

3% less repeat investments, than reductions

Existing positions increased: 325 | Existing positions reduced: 336

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

38% less call options, than puts

Call options by funds: $29.1M | Put options by funds: $47.1M

Holders
966
Holders Change
+32
Holders Change %
+3.43%
% of All Funds
12.68%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.08%
New
112
Increased
325
Reduced
336
Closed
67
Calls
$29.1M
Puts
$47.1M
Net Calls
-$17.9M
Net Calls Change
+$10.1M

Top Buyers

1
Dodge & Cox
Dodge & Cox
California
+$111M
2
Harris Associates
Harris Associates
Illinois
+$101M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$89M
4
Capital International Investors
Capital International Investors
California
+$77.1M
5
SSA
Schonfeld Strategic Advisors
New York
+$44.8M

Top Sellers

1
Invesco
Invesco
Georgia
-$155M
2
Pacer Advisors
Pacer Advisors
Pennsylvania
-$83.7M
3
American Century Companies
American Century Companies
Missouri
-$52.8M
4
Primecap Management
Primecap Management
California
-$45.6M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$36.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Macquarie Group
51
Macquarie Group
Australia
$44.6M +$22.3M +224,745 +91%
DLA
52
Douglas Lane & Associates
New York
$42.5M +$2.87M +29,011 +7%
First Trust Advisors
53
First Trust Advisors
Illinois
$40M +$15.5M +156,388 +63%
Mitsubishi UFJ Asset Management
54
Mitsubishi UFJ Asset Management
Japan
$39.4M +$2.28M +22,992 +6%
AI
55
Ariel Investments
Illinois
$38.9M +$14M +141,525 +56%
National Pension Service
56
National Pension Service
South Korea
$38.8M +$1.68M +16,928 +4%
Neuberger Berman Group
57
Neuberger Berman Group
New York
$37.5M -$32.3M -326,323 -46%
HSBC Holdings
58
HSBC Holdings
United Kingdom
$36.1M -$708K -7,148 -2%
BTCPP
59
Border to Coast Pensions Partnership
United Kingdom
$35.5M +$2.19M +22,104 +7%
California State Teachers Retirement System (CalSTRS)
60
California State Teachers Retirement System (CalSTRS)
California
$35M +$1.07M +10,823 +3%
BNP Paribas Financial Markets
61
BNP Paribas Financial Markets
France
$34.3M -$7.56M -76,310 -18%
Envestnet Asset Management
62
Envestnet Asset Management
Illinois
$33.7M +$1.95M +19,706 +6%
RIM
63
Rakuten Investment Management
Japan
$32.1M +$37.5M +378,752 New
WorldQuant Millennium Advisors
64
WorldQuant Millennium Advisors
New York
$31.4M +$31.6M +318,814 New
Lido Advisors
65
Lido Advisors
California
$31M +$4.08M +41,210 +15%
Marshall Wace
66
Marshall Wace
United Kingdom
$29.7M +$5.2M +52,487 +21%
EBSAM
67
Eubel Brady & Suttman Asset Management
Ohio
$28.8M +$157K +1,584 +0.5%
SEI Investments
68
SEI Investments
Pennsylvania
$28.5M +$893K +9,012 +3%
DekaBank Deutsche Girozentrale
69
DekaBank Deutsche Girozentrale
Germany
$27.1M – – –
MPMG
70
Minneapolis Portfolio Management Group
Minnesota
$26M +$14.9M +149,888 +131%
PHP
71
Parkman Healthcare Partners
Connecticut
$24.8M +$1.09M +11,025 +5%
AllianceBernstein
72
AllianceBernstein
Tennessee
$24.5M -$1.85M -18,622 -7%
BG
73
Bellevue Group
Switzerland
$24.2M -$2.23M -22,514 -8%
WP
74
Woodline Partners
California
$23.7M -$23.8M -240,000 -50%
GI
75
GAMCO Investors
Connecticut
$23.6M -$606K -6,112 -2%
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ZBH Hedge Fund Activity: Q3 2025 in Review

966 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Zimmer Biomet (ZBH) for Q3 2025, worth a combined $18.8B — up 7% from $17.6B a quarter earlier.

Buyers outnumbered sellers: 112 funds opened new ZBH positions and 67 closed out — a net gain of 45 holders — while 325 added to existing stakes and 336 trimmed.

The largest buyer was Dodge & Cox, adding an estimated $111M. The largest seller was Invesco, cutting an estimated $155M.

  • 966 institutional investors held Zimmer Biomet (ZBH) as of Q3 2025, up from 934 in Q2 2025.
  • Funds reported $18.8B of Zimmer Biomet stock for Q3 2025, up 7% quarter-over-quarter.
  • 112 funds opened new Zimmer Biomet positions in Q3 2025 and 67 closed out, a net change of +45 holders.
  • The largest Zimmer Biomet buyer in Q3 2025 was Dodge & Cox, an estimated $111M added.
  • The largest Zimmer Biomet seller in Q3 2025 was Invesco, an estimated $155M sold.

Based on aggregated 13F filings for Q3 2025.