Harris Associates discloses 6.2% Zimmer Biomet (ZBH) stake in Schedule 13G filing

Rhea-AI Filing Summary

Harris Associates has disclosed a sizable stake in Zimmer Biomet Holdings, Inc. common stock. Through Harris Associates L.P. and Harris Associates, Inc., the firm reports beneficial ownership of 12,264,703 shares, representing 6.2% of Zimmer Biomet’s common stock.

Harris reports sole voting power over 11,892,571 shares and sole dispositive power over 12,264,703 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Zimmer Biomet.

Insights

Equity Ownership & Governance Analyst

Harris Associates reports a 6.2% passive stake in Zimmer Biomet.

Harris Associates L.P. and Harris Associates, Inc. report beneficial ownership of 12,264,703 Zimmer Biomet common shares, equal to 6.2% of the class. They hold sole voting power over 11,892,571 shares and sole dispositive power over 12,264,703 shares, with no shared powers.

The certification specifies the position is held in the ordinary course of business and not for changing or influencing control, indicating a passive investment stance under Schedule 13G. Future ownership updates, if any, would typically appear in subsequent beneficial ownership filings rather than operational disclosures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Zimmer Biomet Holdings, Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

98956P102

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 98956P102

1

Names of Reporting Persons

HARRIS ASSOCIATES L P

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,892,571.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,264,703.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,264,703.00

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)

6.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 98956P102

1

Names of Reporting Persons

Harris Associates, Inc.

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,892,571.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,264,703.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,264,703.00

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)

6.2 %

12

Type of Reporting Person (See Instructions)

CO

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: Harris Associates L.P. ("Harris") Harris Associates, Inc. ("General Partner") **Harris Associates, Inc., for itself and as General Partner
(b)	Address or principal business office or, if none, residence: 111 South Wacker Drive Suite 4600, Chicago, IL 60606
(c)	Citizenship: See Item 4 on the cover page(s) hereto.
(d)	Title of class of securities: Common Stock, $0.01 par value
(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: By reason of advisory and other relationships with the person who owns the Shares, Harris may be deemed to be the beneficial owner of the shares specified in Item 9 on the cover page(s) hereto. Harris has been granted the power to vote Shares in circumstances it determines to be appropriate in connection with assisting its advised clients to whom it renders financial advice in the ordinary course of business, by either providing information or advice to the persons having such power, or by exercising the power to vote.
(b)	Percent of class: See Item 11 on the cover page(s) hereto.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
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.
	Not Applicable
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.

HARRIS ASSOCIATES L P

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	02/17/2026

Harris Associates, Inc.

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	02/17/2026

FAQ

What percentage of Zimmer Biomet (ZBH) does Harris Associates own?

Harris Associates reports beneficial ownership of 6.2% of Zimmer Biomet’s common stock. This corresponds to 12,264,703 shares, making Harris a significant institutional holder but classified as a passive investor under Schedule 13G, rather than an activist seeking control.

How many Zimmer Biomet (ZBH) shares does Harris Associates control for voting?

Harris Associates reports sole voting power over 11,892,571 Zimmer Biomet shares, with no shared voting power. This means it can independently vote those shares, typically on behalf of advised clients, consistent with its ordinary-course investment advisory role.

Is Harris Associates’ stake in Zimmer Biomet (ZBH) considered passive or activist?

The filing characterizes Harris Associates’ stake as passive. It certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Zimmer Biomet or participating in control-related transactions.

What is the total number of Zimmer Biomet (ZBH) shares beneficially owned by Harris Associates?

Harris Associates L.P. and Harris Associates, Inc. together report beneficial ownership of 12,264,703 Zimmer Biomet common shares. This total reflects shares over which they have advisory relationships and dispositive power, representing 6.2% of the outstanding class.

Does Harris Associates share dispositive power over Zimmer Biomet (ZBH) shares with others?

No. The filing shows sole dispositive power over 12,264,703 Zimmer Biomet shares and zero shared dispositive power. Sole dispositive power means Harris can determine how and when those shares are sold or otherwise disposed, typically for its advised clients.

Who signed the beneficial ownership report for Zimmer Biomet (ZBH) on behalf of Harris Associates?

The report is signed by Joseph J. Allessie, identified as General Counsel and Secretary. His signature certifies, after reasonable inquiry, that the information in the statement about Harris Associates’ Zimmer Biomet holdings is true, complete, and correct.