Dodge & Cox reports 12.5% stake in Zimmer Biomet

Dodge & Cox filed an amended Schedule 13G reporting beneficial ownership of 24,124,735 shares of ZIMMER BIOMET HOLDINGS, INC. common stock, representing 12.5% of the class as of June 30, 2026.

Rhea-AI Filing Summary

Dodge & Cox filed an amended Schedule 13G reporting beneficial ownership of 24,124,735 shares of ZIMMER BIOMET HOLDINGS, INC. common stock, representing 12.5% of the class as of June 30, 2026. Dodge & Cox holds sole voting power over 22,808,935 shares and sole dispositive power over 24,124,735 shares, with no shared voting or dispositive power.

The filing notes that Dodge & Cox’s clients have the right to receive dividends and sale proceeds from these securities. Dodge & Cox Stock Fund, a registered investment company, holds 15,549,900 shares, or 8.0% of the outstanding common stock reported.

Key Figures

Beneficial ownership: 24,124,735 shares Percent of class: 12.5% Sole voting power: 22,808,935 shares +3 more

6 metrics

Beneficial ownership 24,124,735 shares Total ZIMMER BIOMET HOLDINGS, INC. common shares beneficially owned by Dodge & Cox

Percent of class 12.5% Portion of ZIMMER BIOMET common stock represented by Dodge & Cox’s beneficial ownership

Sole voting power 22,808,935 shares Shares of ZIMMER BIOMET common stock over which Dodge & Cox has sole voting power

Sole dispositive power 24,124,735 shares Shares of ZIMMER BIOMET common stock over which Dodge & Cox has sole dispositive power

Dodge & Cox Stock Fund holding 15,549,900 shares Position in ZIMMER BIOMET held by Dodge & Cox Stock Fund, a registered investment company

Stock Fund percent of class 8.0% Portion of ZIMMER BIOMET common stock class held by Dodge & Cox Stock Fund

Key Terms

Schedule 13G, beneficial ownership, sole voting power, sole dispositive power, +1 more

5 terms

Schedule 13G regulatory

"Dodge & Cox filed an amended Schedule 13G reporting beneficial ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficial ownership financial

"Amount beneficially owned: 24,124,735"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

sole voting power financial

"Sole power to vote or to direct the vote: 22,808,935"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 24,124,735"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

investment company registered under the Investment Company Act of 1940 regulatory

"Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of ZBH common stock does Dodge & Cox report owning?

Dodge & Cox reports beneficial ownership of 12.5% of ZIMMER BIOMET HOLDINGS, INC. (ZBH) common stock, corresponding to 24,124,735 shares. This stake reflects shares over which it has sole voting and dispositive power for its clients.

How many ZBH shares does Dodge & Cox have sole voting power over?

Dodge & Cox has sole voting power over 22,808,935 ZBH common shares. It reports no shared voting power, indicating all voting authority for the reported position is exercised solely on behalf of its clients.

What is the total number of ZBH shares Dodge & Cox beneficially owns?

Dodge & Cox beneficially owns 24,124,735 shares of ZBH common stock. This figure represents the total position over which it has investment discretion and forms the basis for its reported 12.5% ownership stake.

How much of ZBH is held by Dodge & Cox Stock Fund specifically?

Dodge & Cox Stock Fund holds 15,549,900 ZBH shares, representing 8.0% of the common stock class. The fund is an investment company registered under the Investment Company Act of 1940 and is one of Dodge & Cox’s clients.

Who receives dividends and sale proceeds from the ZBH shares held by Dodge & Cox?

The clients of Dodge & Cox, including Dodge & Cox Stock Fund and other managed accounts, have the right to receive dividends and proceeds from the sale of ZBH shares. Dodge & Cox exercises voting and dispositive power as investment adviser.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/13/2026 - 04:52 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

ZIMMER BIOMET HOLDINGS, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

98956P102

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 98956P102

1

Names of Reporting Persons

Dodge & Cox

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 22,808,935.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 24,124,735.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

24,124,735.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ZIMMER BIOMET HOLDINGS, INC.
(b)	Address of issuer's principal executive offices: 345 East Main Street, Warsaw, IN 46580
Item 2.
(a)	Name of person filing: Dodge & Cox
(b)	Address or principal business office or, if none, residence: 555 California Street 40th Floor, San Francisco, CA 94104
(c)	Citizenship: California, USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 98956P102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 24,124,735
(b)	Percent of class: 12.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 22,808,935
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 24,124,735
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The clients of Dodge & Cox, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, ZIMMER BIOMET HOLDINGS, INC. Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940, has an interest of 15,549,900 or 8.0%, of the class of securities reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dodge & Cox

Signature:	/S/ Katherine M. Primas
Name/Title:	Chief Compliance Officer
Date:	08/13/2026