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$ZBH
$97.44 -$1.12 (1.14%) Close

Ownership

13F as of Q2 2026 · 190.7M shares outstanding

Who owns ZBH?

By type of holder
Institutions 100.0% Insiders 0.0% Everyone else 0.0%
Concentration Top 10 holders own 57.0%
Dodge & Cox 12.7% · BlackRock, Inc. 8.2%
Institutional ownership
100.0%
0 pts vs last qtr
Institutional holders
903
-7 vs last qtr
Net shares bought
+6.5M
by institutions in Q2 2026
New / sold out
94 / 101
positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026
  • Capital International Investors +3.1M
  • Citadel Advisors LLC +2.1M

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Biggest sellers in Q2 2026
  • Franklin Resources Inc −5.1M
  • Price T Rowe Associates Inc /MD/ −3.2M

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Who is planning to sell?

Notices of proposed sale, last 12 months
$5.78M
9 notices from 5 people
Shares covered
66.2K
0.03% of the company
Arranged in advance
0%
of the value is under a 10b5-1 plan
Under a 10b5-1 plan No plan
$0$1.7M$3.5MNovDecJanFeb 2026: $96.5K without a planFebMar 2026: $250.8K without a planMarAprMay 2026: $3.5M without a planMayJun 2026: $410.7K without a planJunJul 2026: $712.1K without a planJulAugSep 2026: $824.0K without a planSepOct
Largest proposed sellers
  • Upadhyay Suketu Former officer $4.2M
  • Thornal Kevin R Officer $529K

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Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025
−1.8%
−0.20% a year
Each share's claim on the business
+1.9%
grew without buying or selling a share
Spent on buybacks vs paid in stock
$2.59B vs $800M
over 10 fiscal years
Diluted shares, split-adjusted
192.7M202.6M212.5M2016: 202.4M shares'162017: 203.7M shares'172018: 203.5M shares'182019: 206.7M shares'192020: 207.0M shares'202021: 210.4M shares'212022: 210.3M shares'222023: 209.7M shares'232024: 203.9M shares'242025: 198.7M shares'25
Buybacks Stock-based comp
$0$434.0M$868.0M2016 buybacks: $415.5M2016 stock comp: $57.3M'162017 buybacks: $02017 stock comp: $53.7M'172018 buybacks: $02018 stock comp: $65.5M'182019 buybacks: $02019 stock comp: $77.2M'192020 buybacks: $02020 stock comp: $73.8M'202021 buybacks: $02021 stock comp: $76.0M'212022 buybacks: $126.4M2022 stock comp: $105.0M'222023 buybacks: $692.2M2023 stock comp: $99.8M'232024 buybacks: $868.0M2024 stock comp: $101.0M'242025 buybacks: $487.0M2025 stock comp: $90.2M'25

How patient are the owners?

Institutional shares by how long they've been held
5+ years59% 3–5 years16% 1–3 years17% Under 1 year8%
Quarterly turnover
10.1%
of institutional shares changed hands
Top 10 managers, median time held
5 years

Super Investors

Investment managers reporting ZBH on Form 13F
DC
Dodge & Cox
Shares
24.1M
% of company
12.65%
Change vs last qtr
+582.0K (+2.5%)
Held since
2022
B
BlackRock, Inc.
Shares
15.6M
% of company
8.19%
Change vs last qtr
+274.0K (+1.8%)
Held since
≤2021

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Institutional Funds

Mutual funds and ETFs reporting ZBH on Form N-PORT; together they hold 59.9% of the company
DC
Dodge & Cox Funds
Position value
$1.34B
% of company
8.15%
% of the fund
1.13%
As of
June 30, 2026
VW
Vanguard Windsor Funds
Position value
$551M
% of company
3.08%
% of the fund
0.83%
As of
July 31, 2026

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Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G
TI
Tornos Ivan
Insider
Shares
83.2K
% of company
0.04%
Change vs last qtr
—
Held since
—
US
Upadhyay Suketu
Insider
Shares
69.5K
% of company
0.04%
Change vs last qtr
—
Held since
—

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