L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
37
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 20 listed it in both
Shares listed
44,060,735
combined, among listed positions
Reported value
$5.5bn
combined, at the quarter end

Among the 92 comparable managers: 23 buyers (opened or added shares) and 22 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +445,886.

Managers listing ZTS 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.

37 of 37 holders

ActionFiling
Wellington Management Group LLP11,394,986$1.4bn0.25%Added+2,853,56317 Feb 2026 (the filing on sec.gov)
Polen Capital Management LLC5,562,669$700m2.99%Trimmed-1,954,24212 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd3,884,112$489m0.22%Added+1,593,37517 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP3,700,421$466m0.15%Trimmed-540,93617 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,361,978$423munder 0.1%Trimmed-9,05419 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP3,038,437$382m0.22%Added+340,61013 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors1,429,149$180munder 0.1%Added+6,50311 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,291,915$163munder 0.1%Added+252,72517 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,214,747$153m0.08%Trimmed-382,80717 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC1,184,972$149m0.11%Trimmed-458,59227 Oct 2026 (the filing on sec.gov)
Voloridge Investment Management LLC1,144,610$144m0.51%Added+829,41517 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP973,357$122munder 0.1%Added+805,94117 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC807,229$102m0.11%Added+68,71013 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC802,731$101m0.05%Trimmed-735,93617 Feb 2026 (the filing on sec.gov)
Man Group PLC786,786$99m0.17%Added+9,29017 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC599,153$75m0.12%Added+67,44810 Feb 2026 (the filing on sec.gov)
MFS Investment Management439,064$55munder 0.1%Added+126,54322 Jan 2026 (the filing on sec.gov)
Fidelity (FMR LLC)439,050$55munder 0.1%Trimmed-246,83017 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC424,600$53m0.08%Added+167,70012 Feb 2026 (the filing on sec.gov)
Millennium Management LLC348,283$44munder 0.1%Added+18,68117 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC301,205$38munder 0.1%Trimmed-69,02217 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP182,559$23m0.08%Added+56,96713 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co150,845$19munder 0.1%Newnew23 Jan 2026 (the filing on sec.gov)
Soros Fund Management LLC148,448$19m0.22%Newnew13 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP110,718$14munder 0.1%Trimmed-2,87417 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.
24 in Q3 2024 to 23 in Q2 2026

Tracked managers listing it, at least.

0102030402014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
ZTS by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201321$2.9bnn.a.n.a.
Q3 201321$2.8bnn.a.n.a.
Q4 201317$2.8bnn.a.n.a.
Q1 201418$2.8bnn.a.n.a.
Q2 201415$3.2bnn.a.n.a.
Q3 201415$3.9bnn.a.n.a.
Q4 201424$5.2bnn.a.n.a.
Q1 201528$5.0bnn.a.n.a.
Q2 201527$5.1bnn.a.n.a.
Q3 201529$4.7bnn.a.n.a.
Q4 201524$5.5bnn.a.n.a.
Q1 201622$4.7bnn.a.n.a.
Q2 201620$4.7bnn.a.n.a.
Q3 201616$4.5bnn.a.n.a.
Q4 201617$4.6bnn.a.n.a.
Q1 201720$4.1bnn.a.n.a.
Q2 201719$5.0bnn.a.n.a.
Q3 201722$5.0bnn.a.n.a.
Q4 201717$5.2bnn.a.n.a.
Q1 201821$5.2bnn.a.n.a.
Q2 201825$5.5bnn.a.n.a.
Q3 201827$6.3bnn.a.n.a.
Q4 201831$6.6bnn.a.n.a.
Q1 201927$8.4bnn.a.n.a.
Q2 201930$8.9bnn.a.n.a.
Q3 201927$9.9bnn.a.n.a.
Q4 201925$10.5bnn.a.n.a.
Q1 202027$9.4bnn.a.n.a.
Q2 202023$10.8bnn.a.n.a.
Q3 202027$13.3bnn.a.n.a.
Q4 202025$13.7bnn.a.n.a.
Q1 202130$13.9bnn.a.n.a.
Q2 202128$15.8bnn.a.n.a.
Q3 202129$16.6bnn.a.n.a.
Q4 202129$21.1bnn.a.n.a.
Q1 202236$17.0bnn.a.n.a.
Q2 202237$15.4bnn.a.n.a.
Q3 202237$12.9bnn.a.n.a.
Q4 202230$12.0bnn.a.n.a.
Q1 202324$13.3bnn.a.n.a.
Q2 202326$13.3bnn.a.n.a.
Q3 202323$13.2bnn.a.n.a.
Q4 202319$14.5bn712
Q1 202435$12.2bn2511
Q2 202424$10.1bn1218
Q3 202424$9.8bn1311
Q4 202427$7.7bn1513
Q1 202528$7.2bn1710
Q2 202526$6.0bn1512
Q3 202527$5.9bn207
Q4 202521$5.1bn2322
Q1 202621$4.4bn1326
Q2 202623$2.7bn2714

Compare with…

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

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

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 ZTS, latest filings →Back to the 13F Explorer →