Which funds own ZBH
Zimmer Biomet Holdings, Inc. in the Q2 2026 filings. At least 7 of the 91 current managers on file reported a position, worth $3.4bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 7
- at least, of 91 current
- Combined value
- $3.4bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 4
- already held
- Trimmed or sold out
- 3
- 1 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Dodge & Cox Activist · $191bn book | $2.1bn | 1.1% | 24,124,735 | -$52m+582,035 | Added |
| Harris Associates LP Activist · $75.4bn book | $1.1bn | 1.5% | 12,738,025 | -$75m-221,914 | Trimmed |
| Holocene Advisors LP Long/short equity · $44.4bn book | $101m | 0.2% | 1,177,461 | +$48m+583,756 | Added |
| Woodline Partners LP Long/short equity · $32.4bn book | $81m | 0.3% | 942,300 | +$75m+869,014 | Added |
| GAMCO Investors Inc Activist · $11.1bn book | $20m | 0.2% | 228,658 | -$1.2m-2,449 | Trimmed |
| Moore Capital Management LP Macro · $6.7bn book | $17m | 0.3% | 198,642 | opened198,642 | New |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $16m | 0.1% | 180,884 | +$6.8m+84,284 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Balyasny Asset Management LLC · Multi-strategy$38m held before
Ownership through time
At least 12 of the 95 managers whose filings are on file listed ZBH in Q2 2026, against 15 in Q2 2013. 4 managers more than in Q1 2026: 3 started positions; 2 listed it again; 1 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 15
- Q3 2013: 13
- Q4 2013: 13
- Q1 2014: 17
- Q2 2014: 21
- Q3 2014: 18
- Q4 2014: 20
- Q1 2015: 18
- Q2 2015: 22
- Q3 2015: 19
- Q4 2015: 19
- Q1 2016: 16
- Q2 2016: 20
- Q3 2016: 20
- Q4 2016: 17
- Q1 2017: 21
- Q2 2017: 20
- Q3 2017: 15
- Q4 2017: 19
- Q1 2018: 20
- Q2 2018: 14
- Q3 2018: 15
- Q4 2018: 19
- Q1 2019: 19
- Q2 2019: 22
- Q3 2019: 21
- Q4 2019: 21
- Q1 2020: 24
- Q2 2020: 24
- Q3 2020: 21
- Q4 2020: 22
- Q1 2021: 22
- Q2 2021: 23
- Q3 2021: 23
- Q4 2021: 20
- Q1 2022: 17
- Q2 2022: 16
- Q3 2022: 19
- Q4 2022: 20
- Q1 2023: 26
- Q2 2023: 23
- Q3 2023: 27
- Q4 2023: 21
- Q1 2024: 19
- Q2 2024: 17
- Q3 2024: 15
- Q4 2024: 17
- Q1 2025: 17
- Q2 2025: 12
- Q3 2025: 12
- Q4 2025: 8
- Q1 2026: 8
- Q2 2026: 12
- Q2 2013: $1.8bn
- Q3 2013: $1.8bn
- Q4 2013: $2.1bn
- Q1 2014: $2.2bn
- Q2 2014: $2.0bn
- Q3 2014: $2.1bn
- Q4 2014: $2.5bn
- Q1 2015: $2.8bn
- Q2 2015: $3.0bn
- Q3 2015: $2.8bn
- Q4 2015: $2.9bn
- Q1 2016: $3.2bn
- Q2 2016: $4.0bn
- Q3 2016: $4.8bn
- Q4 2016: $3.6bn
- Q1 2017: $4.3bn
- Q2 2017: $4.7bn
- Q3 2017: $4.3bn
- Q4 2017: $4.0bn
- Q1 2018: $3.5bn
- Q2 2018: $3.6bn
- Q3 2018: $4.8bn
- Q4 2018: $3.6bn
- Q1 2019: $4.7bn
- Q2 2019: $4.4bn
- Q3 2019: $5.2bn
- Q4 2019: $5.5bn
- Q1 2020: $4.3bn
- Q2 2020: $4.6bn
- Q3 2020: $5.3bn
- Q4 2020: $6.0bn
- Q1 2021: $5.5bn
- Q2 2021: $5.6bn
- Q3 2021: $4.4bn
- Q4 2021: $3.4bn
- Q1 2022: $3.4bn
- Q2 2022: $3.1bn
- Q3 2022: $3.7bn
- Q4 2022: $4.6bn
- Q1 2023: $4.7bn
- Q2 2023: $5.1bn
- Q3 2023: $4.0bn
- Q4 2023: $4.3bn
- Q1 2024: $5.7bn
- Q2 2024: $4.5bn
- Q3 2024: $4.3bn
- Q4 2024: $4.8bn
- Q1 2025: $5.1bn
- Q2 2025: $4.5bn
- Q3 2025: $4.9bn
- Q4 2025: $4.9bn
- Q1 2026: $4.2bn
- Q2 2026: $4.3bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Point72 Asset Management LPnew: 879,851 shares+$76m
- Holocene Advisors LP593,705 to 1,177,461 shares+$50m
- Dodge & Cox23,542,700 to 24,124,735 shares+$50m
- Arrowstreet Capital LP1,104,218 to 1,562,139 shares+$39m
- Moore Capital Management LPnew: 198,642 shares+$17m
Largest decreases, by shares
- T. Rowe Price Associates Inc7,999,712 to 4,797,157 shares-$276m
- Harris Associates LP12,959,939 to 12,738,025 shares-$19m
- GAMCO Investors Inc231,107 to 228,658 shares-$211k
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Dodge & Cox | Q1 2022 | $2.3bn | $2.1bn | |
| Harris Associates LP | Q1 2018 | $1.2bn | $1.1bn | |
| T. Rowe Price Associates Inc | Q1 2017 | $1.6bn | $413m | |
| Citadel Advisors LLC | Q4 2015 | $299m | $299m | |
| Arrowstreet Capital LP | Q1 2018 | $213m | $134m | |
| Holocene Advisors LP | Q4 2017 | $135m | $101m | |
| Woodline Partners LP | Q4 2019 | $121m | $81m | |
| Point72 Asset Management LP | Q2 2014 | $238m | $76m | |
| GAMCO Investors Inc | Q2 2013 | $64m | $20m | |
| Moore Capital Management LP | Q3 2014 | $23m | $17m | |
| ExodusPoint Capital Management LP | Q4 2018 | $39m | $16m | |
| Schonfeld Strategic Advisors LLC | Q1 2017 | $40m | $13m | |
| MFS Investment Management | Q2 2015 | $2.4bn | last listed Q1 2025 | |
| Capital Research Global Investors | Q2 2013 | $1.7bn | last listed Q1 2024 | |
| Fidelity (FMR LLC) | Q2 2013 | $1.6bn | last listed Q3 2018 | |
| Invesco Ltd | Q2 2013 | $1.3bn | last listed Q4 2025 | |
| Viking Global Investors LP | Q2 2014 | $612m | last listed Q4 2021 | |
| Wellington Management Group LLP | Q2 2013 | $586m | last listed Q2 2020 | |
| Jana Partners | Q2 2017 | $546m | last listed Q4 2019 | |
| Neuberger Berman Group LLC | Q2 2013 | $386m | last listed Q2 2025 | |
| Glenview Capital Management LLC | Q1 2017 | $369m | last listed Q3 2017 | |
| Millennium Management LLC | Q2 2013 | $357m | last listed Q1 2024 |
What ZBH is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around ZBH →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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