Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Zimmer Biomet Holdings Inc (ZBH)

897 + 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
↓ -21
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — ZBH

Based on 915 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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 — 92% of 3.0Y peak

92% of all-time peak
915 funds currently hold this stock — 92% of the 3.0-year high of 999 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
66 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.
🟡

Slight buying edge — 50% buying

417 buying424 selling
Last quarter: 417 funds bought or added vs 424 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-27 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 98 → 114 → 128 → 101. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

71% of holders stayed for 2+ years

■ 71% conviction (2yr+) ■ 14% medium ■ 15% new
648 out of 915 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.
➡️

Steady discovery — ~101 new funds/quarter

93 → 98 → 114 → 128 → 101 new funds/Q
New funds entering each quarter: 98 → 114 → 128 → 101. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 73% veterans vs 18% newcomers

■ 73% veterans ■ 9% 1-2yr ■ 18% new
Entry-cohort mix of 927 holders: 678 (73%) are 2+ year veterans, 81 entered 1–2 years ago, and 168 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds
67 of 910 holders are among the 100 largest funds by AUM, controlling 63% 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.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 2026 Q1, 417 hedge funds were net buyers of ZBH (101 opened a new position, 316 added to an existing one), while 424 reduced or exited (302 trimmed, 122 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 63% of total institutional value in ZBH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -21 funds (more exits than new entries). Total institutional holders: 915.

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

-- --

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

Is It Too Late to Buy Zimmer Biomet Holdings Inc (ZBH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ZBH has moved relative to its sector benchmark (XLV) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 50d ago
ZBH
+16.6%
XLV
+10.0%

ZBH outperformed XLV by +6.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 5d ago
ZBH
-0.3%
XLV
+4.3%

Since the filing became public, ZBH outperformed XLV by -4.6% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

32 top-rated funds 8 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: ZBH
897 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 897 915 -1.97%
13F Shares 199M 193M 2.78%
Total Value $16.26B $16.10B 1.01%
New Positions 92 101 -9
Increased Positions 313 309 +4
Closed Positions 107 122 -15
Reduced Positions 302 301 +1
Total Calls 9 6 50.0%
Total Puts 10 10 -
PUT/CALL Ratio 1.11 1.67 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 Q2)

897 + investors

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

QUARTER:
Top 25 ZBH holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Armor Advisors, L.L.C. 9.30% 151,264 $13.0M
2 QSM Asset Management Ltd 6.84% 154,375 $13.2M
3 Wilsey Asset Management Inc 5.33% 421,867 $36.3M
4 Defilade Capital Management, L.P. 3.66% 317,426 $27.3M
5 Hillman Capital Management, Inc. 3.36% 53,943 $4.6M
6 Round Hill Asset Management 3.29% 60,881 $5.2M
7 Shapiro Capital Management LLC 3.16% 605,411 $52.1M
8 Vestal Point Capital, LP 2.82% 1,400,000 $120.5M
9 Equity Investment Corp 2.76% 1,681,360 $144.7M
10 Sector Gamma As 2.66% 142,307 $12.3M
11 Speece Thorson Capital Group Inc 2.55% 138,547 $11.9M
12 Meridiem Capital Partners LP 2.46% 638,555 $55.0M
13 Minneapolis Portfolio Management Group, LLC 2.39% 292,799 $25.2M
14 Sound Shore Management Inc /Ct/ 2.11% 794,602 $68.4M
15 Parkman Healthcare Partners LLC 2.05% 232,557 $20.0M
16 Sio Capital Management, LLC 1.87% 131,445 $11.3M
17 Harris Associates L P 1.45% 12,738,025 $1.10B
18 Barnes Dennig Private Wealth Management LLC 1.27% 18,392 $1.6M
19 Hourglass Capital, LLC 1.20% 63,465 $5.5M
20 Providence Capital Advisors, LLC 1.12% 85,900 $7.4M
21 Magellan Asset Management Ltd 1.10% 570,409 $49.1M
22 Dodge & Cox 1.09% 24,124,735 $2.08B
23 ICICI Prudential Asset Management Co Ltd 0.97% 102,799 $8.8M
24 Northside Capital Management, LLC 0.93% 132,214 $11.4M
25 Invenomic Capital Management LP 0.92% 178,691 $15.4M
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 — 2 quarters in a row: For 2 consecutive quarters, 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?

Slight buying edge — 50% buying: Last quarter: 417 funds bought or added vs 424 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ZBH holders?

Elite ownership — 63% AUM from top-100 funds: 67 of 910 holders are among the 100 largest funds by AUM, controlling 63% 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?

71% of holders stayed for 2+ years: 648 out of 915 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.

Is it too late to buy Zimmer Biomet Holdings Inc (ZBH) following the 2026 Q2 hedge fund 13F filings?

As of today, ZBH has moved -0.3% since the 2026 Q2 13F filing date (August 14, 2026), compared to +4.3% for the XLV sector ETF — an outperformance of -4.6%. Since the quarter end (June 30, 2026), ZBH has gained +16.6% vs +10.0% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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