L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 4 Feb 2026
Managers listing it
35
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 10 listed it in both
Shares listed
56,164,009
combined, among listed positions
Reported value
$5.1bn
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 19 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +5,232,516.

Managers listing ZBH in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

35 of 35 holders

ActionFiling
Dodge & Cox23,506,849$2.1bn1.14%Added+290,67613 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc13,631,819$1.2bn0.13%Trimmed-1,450,61917 Feb 2026 (the filing on sec.gov)
Harris Associates LP12,264,703$1.1bn1.39%Added+7,514,13617 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,361,075$302munder 0.1%Added+322,68919 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP678,869$61munder 0.1%Added+205,25713 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC328,376$30munder 0.1%Added+212,23017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC323,720$29munder 0.1%Trimmed-606,17917 Feb 2026 (the filing on sec.gov)
Woodline Partners LP244,454$22m0.09%Added+3,62417 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP242,099$22munder 0.1%Trimmed-7,02717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC241,372$22munder 0.1%Added+104,32417 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc231,974$21m0.20%Trimmed-7,8695 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC218,669$20munder 0.1%Trimmed-161,62627 Oct 2026 (the filing on sec.gov)
Squarepoint Ops LLC211,603$19munder 0.1%Added+174,68313 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP126,806$11m0.16%Added+19,26117 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)115,488$10munder 0.1%Trimmed-27,53917 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP63,373$5.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP61,137$5.5munder 0.1%Trimmed-8,22417 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC60,203$5.4munder 0.1%Trimmed-16,23713 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP43,676$3.9munder 0.1%Added+3,44417 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC37,229$3.3munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.32,111$2.9munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP31,228$2.8munder 0.1%Added+18,67913 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd26,163$2.4munder 0.1%Trimmed-2,44917 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp19,732$1.8munder 0.1%Trimmed-151,75417 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP17,295$1.6munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
15 in Q3 2024 to 12 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
ZBH by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201315$1.8bnn.a.n.a.
Q3 201314$1.9bnn.a.n.a.
Q4 201313$2.1bnn.a.n.a.
Q1 201417$2.2bnn.a.n.a.
Q2 201422$2.0bnn.a.n.a.
Q3 201418$2.1bnn.a.n.a.
Q4 201420$2.5bnn.a.n.a.
Q1 201519$2.9bnn.a.n.a.
Q2 201523$3.1bnn.a.n.a.
Q3 201519$2.8bnn.a.n.a.
Q4 201519$2.9bnn.a.n.a.
Q1 201616$3.2bnn.a.n.a.
Q2 201620$4.0bnn.a.n.a.
Q3 201620$4.8bnn.a.n.a.
Q4 201617$3.6bnn.a.n.a.
Q1 201721$4.3bnn.a.n.a.
Q2 201720$4.7bnn.a.n.a.
Q3 201715$4.3bnn.a.n.a.
Q4 201719$4.0bnn.a.n.a.
Q1 201820$3.5bnn.a.n.a.
Q2 201814$3.6bnn.a.n.a.
Q3 201815$4.8bnn.a.n.a.
Q4 201819$3.6bnn.a.n.a.
Q1 201919$4.7bnn.a.n.a.
Q2 201922$4.4bnn.a.n.a.
Q3 201921$5.2bnn.a.n.a.
Q4 201921$5.5bnn.a.n.a.
Q1 202024$4.3bnn.a.n.a.
Q2 202024$4.6bnn.a.n.a.
Q3 202021$5.3bnn.a.n.a.
Q4 202022$6.0bnn.a.n.a.
Q1 202122$5.5bnn.a.n.a.
Q2 202123$5.6bnn.a.n.a.
Q3 202123$4.4bnn.a.n.a.
Q4 202120$3.4bnn.a.n.a.
Q1 202217$3.4bnn.a.n.a.
Q2 202216$3.1bnn.a.n.a.
Q3 202219$3.7bnn.a.n.a.
Q4 202220$4.6bnn.a.n.a.
Q1 202326$4.7bnn.a.n.a.
Q2 202323$5.1bnn.a.n.a.
Q3 202327$4.0bnn.a.n.a.
Q4 202321$4.3bn715
Q1 202419$5.7bn910
Q2 202417$4.5bn108
Q3 202415$4.3bn78
Q4 202417$4.8bn96
Q1 202517$5.1bn107
Q2 202512$4.5bn112
Q3 202512$4.9bn57
Q4 20258$4.9bn1919
Q1 20268$4.2bn1522
Q2 202612$4.3bn2210

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

ZBH and LLY →ZBH and JNJ →ZBH and VRTX →Choose a stock to compare with ZBH →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own ZBH, latest filings →Back to the 13F Explorer →