Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ZIMMER BIOMET HOLDINGS INC (ZBH)

902 + Investors. Track Smart Money conviction in ZBH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -16
Streak
1Q ▼
Buyers last Q
44%

Smart Money Signals — ZBH

Based on 880 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their ZBH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
880 funds currently hold this stock — 93% of the 3.0-year high of 945 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
65 fewer hedge funds hold ZBH compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 44% buying

377 buying489 selling
Last quarter: 489 funds reduced or exited vs 377 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+17 vs last Q)

new funds entering per quarter
Funds opening a new ZBH position: 87 → 93 → 107 → 124. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

74% of holders stayed for 2+ years

■ 74% conviction (2yr+) ■ 12% medium ■ 14% new
650 out of 880 hedge funds have held ZBH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

128 → 87 → 93 → 107 → 124 new funds/Q
New funds entering each quarter: 87 → 93 → 107 → 124. A growing number of institutions are discovering ZBH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 75% of holders stayed 2+ years

■ 75% veterans ■ 8% 1-2yr ■ 18% new
Of 902 current holders: 673 (75%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 62% AUM from top-100 funds

62% from top-100 AUM funds
46 of 880 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in ZBH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ZBH

In 2025 Q4, 377 hedge funds were net buyers of ZBH (124 opened a new position, 253 added to an existing one), while 489 reduced or exited (349 trimmed, 140 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. 62% of total institutional value in ZBH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 880.

Hedge Fund Ownership: ZBH

How many hedge funds hold ZBH — quarterly history vs. share price
Quarterly hedge fund ownership of ZBH vs. share price

Market Analysis: ZBH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZBH

Healthcare Medical Devices

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

104 top-rated funds 3 high-conviction
Consensus
8.8
/ 10
breadth
×
Elite
2.8
/ 10
conviction
Hedge Fund Positioning: ZBH
2026 Q1 Stats Unlock in 9 days 902 + Investors

Track Smart Money conviction in ZBH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 902 914 -1.31%
13F Shares 199M 190M 4.86%
Total Value $16.43B $17.09B -3.88%
New Positions 126 109 +17
Increased Positions 283 335 -52
Closed Positions 142 82 +60
Reduced Positions 367 333 +34
Total Calls 11 10 10.0%
Total Puts 11 12 -8.33%
PUT/CALL Ratio 1.0 1.2 Neutral

Statistics: ZBH

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

902 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ZBH. Verified SEC 13F-HR filings.

Top 25 institutional holders of ZBH — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 QSM Asset Management Ltd 6.69% 154,375 $13.7M
2 WILSEY ASSET MANAGEMENT INC 5.71% 402,984 $36.4M
3 SECTOR GAMMA AS 3.33% 155,835 $14.1M
4 SOUND SHORE MANAGEMENT INC /CT/ 3.19% 1,052,202 $95.1M
5 EQUITY INVESTMENT CORP 3.09% 1,744,304 $157.7M
6 SPEECE THORSON CAPITAL GROUP INC 2.91% 141,354 $12.8M
7 Minneapolis Portfolio Management Group, LLC 2.74% 285,513 $25.8M
8 Olstein Capital Management, L.P. 1.72% 87,000 $8K
9 Barnes Dennig Private Wealth Management LLC 1.60% 17,876 $1.6M
10 HOURGLASS CAPITAL, LLC 1.47% 78,055 $7.1M
11 Northside Capital Management, LLC 1.08% 135,663 $12.3M
12 NORTHLAND SECURITIES, INC. 1.03% 12,000 $1.1M
13 CORBYN INVESTMENT MANAGEMENT INC/MD 1.03% 34,050 $3.1M
14 KLCM Advisors, Inc. 0.98% 128,250 $11.6M
15 MONARCH CAPITAL MANAGEMENT INC 0.83% 37,388 $3.4M
16 Camelot Portfolios, LLC 0.82% 12,195 $1.1M
17 Live Oak Private Wealth LLC 0.72% 56,915 $5.1M
18 ST GERMAIN D J CO INC 0.63% 176,364 $15.9M
19 Douglas Lane & Associates, LLC 0.62% 475,090 $43.0M
20 Uncommon Cents Investing LLC 0.54% 25,628 $2.3M
21 Gilman Hill Asset Management, LLC 0.53% 39,014 $3.5M
22 EASTERLY INVESTMENT PARTNERS LLC 0.52% 75,835 $6.9M
23 SECURED RETIREMENT ADVISORS, LLC 0.50% 9,752 $882K
24 United Bank 0.45% 14,856 $1.3M
25 Roberts Wealth Advisors, LLC 0.44% 19,205 $1.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — ZIMMER BIOMET HOLDINGS INC (ZBH)

What does the Smart Money Trend signal show for ZBH?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their ZBH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ZBH?

More sellers than buyers — 44% buying: Last quarter: 489 funds reduced or exited vs 377 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ZBH holders?

Elite ownership — 62% AUM from top-100 funds: 46 of 880 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in ZBH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ZBH?

74% of holders stayed for 2+ years: 650 out of 880 hedge funds have held ZBH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.