On Holding
ONON
About: On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoes, apparel, and accessories products are designed predominantly for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and relies instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from the Americas and rest from Europe, Middle East and Africa and Asia-Pacific region.
Employees: 3,254
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
80% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 9 (+4) [Q2]
48% more call options, than puts
Call options by funds: $817M | Put options by funds: $553M
42% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 72
30% more capital invested
Capital invested by funds: $7.59B [Q1] → $9.86B (+$2.27B) [Q2]
7.33% more ownership
Funds ownership: 59.36% [Q1] → 66.69% (+7.33%) [Q2]
5% more funds holding
Funds holding: 469 [Q1] → 492 (+23) [Q2]
6% less repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 166
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
UBS
Jay Sole
|
$79
|
Buy
Maintained
|
13 Aug 2025 |
Morgan Stanley
Alex Straton
|
$65
|
Overweight
Maintained
|
13 Aug 2025 |
Barclays
Adrienne Yih
|
$69
|
Overweight
Maintained
|
13 Aug 2025 |
Jefferies
Randal Konik
|
$40
|
Underperform
Downgraded
|
13 Aug 2025 |
Needham
Tom Nikic
|
$62
|
Buy
Reiterated
|
12 Aug 2025 |
Telsey Advisory Group
Cristina Fernandez
|
$65
|
Outperform
Maintained
|
12 Aug 2025 |
Raymond James
Rick Patel
|
$66
|
Outperform
Downgraded
|
22 Jul 2025 |
Financial journalist opinion
Based on 6 articles about ONON published over the past 30 days