Anomaly Capital Management’s On Holding ONON Stock Holding History

Anomaly Capital Management’s Portfolio ONON Stock Details ONON Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-2,430,032	Closed	-$103M	–	41
2025 Q3	$103M	Buy	+2,430,032	New	+$116M	3.03%	14
2025 Q2	–	Sell	-447,552	Closed	-$19.7M	–	39
2025 Q1	$19.7M	Buy	447,552 +228,383	+104%	+$12M	0.91%	23
2024 Q4	$12M	Sell	219,169 -1,947,762	-90%	-$103M	0.35%	35
2024 Q3	$109M	Sell	2,166,931 -939,658	-30%	-$40.3M	3.87%	14
2024 Q2	$121M	Sell	3,106,589 -1,622,288	-34%	-$59.3M	4.59%	8
2024 Q1	$167M	Buy	4,728,877 +235,755	+5%	+$7.2M	5.9%	7
2023 Q4	$121M	Buy	+4,493,122	New	+$122M	5.22%	7
2023 Q3	–	Sell	-449,365	Closed	-$14.8M	–	40
2023 Q2	$14.8M	Sell	449,365 -1,148,779	-72%	-$34.9M	0.57%	32
2023 Q1	$49.6M	Buy	+1,598,144	New	+$36.2M	2.18%	19

Other funds holding ONON

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

PPI

Platinum Paramount Investment Nassau $704M AUM

AllianceBernstein Nashville, Tennessee $302B AUM 26.44% 1-Year Est. Return

SIIL

Sinvest Investments II Ltd Nassau, New Providence $298M AUM

Sands Capital Management Arlington, Virginia $26.9B AUM 34.44% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

BAMCO Inc New York $66.6B AUM 7.35% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Anomaly Capital Management's ONON Position: Q4 2025 in Review

Anomaly Capital Management sold out of On Holding (ONON) in Q4 2025, closing a stake of 2,430,032 shares — an estimated $103M sold.

Anomaly Capital Management first reported a position in ONON in Q1 2023 and held it in 9 quarters. The position peaked at $167M in Q1 2024. 527 funds tracked by Wall St. Rank hold ONON as of Q4 2025.

Anomaly Capital Management reported no remaining On Holding position as of Q4 2025 after selling out during the quarter.
Anomaly Capital Management sold 2,430,032 On Holding shares in Q4 2025, an estimated $103M.
Anomaly Capital Management first reported a position in On Holding in Q1 2023 and held it in 9 quarters.
Anomaly Capital Management's On Holding position peaked at $167M in Q1 2024.
527 funds tracked by Wall St. Rank held On Holding as of Q4 2025.

Based on Anomaly Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.