Sands Capital Management
ONON icon

Sands Capital Management’s On Holding ONON Stock Holding History

Sands 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
2026
Q2 		$265M Buy
7,485,043
+1,159,496
+18% +$42.4M 0.98% 35
2026
Q1 		$215M Sell
6,325,547
-309,503
-5% -$13.5M 0.84% 31
2025
Q4 		$308M Sell
6,635,050
-134,380
-2% -$5.79M 0.94% 28
2025
Q3 		$287M Buy
6,769,430
+2,155,083
+47% +$103M 0.79% 34
2025
Q2 		$240M Buy
+4,614,347
New +$235M 0.69% 34

Other funds holding ONON

Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
BAMCO Inc
BAMCO Inc New York $66.6B AUM 7.35% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
LPC
Lone Pine Capital Greenwich, Connecticut $16.4B AUM 99.7% 1-Year Est. Return
PPI
Platinum Paramount Investment Nassau $704M AUM
SIIL
Sinvest Investments II Ltd Nassau, New Providence $298M AUM
Citadel Advisors
Citadel Advisors Miami, Florida $875B AUM 40.91% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Jane Street
Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Sands Capital Management's ONON Position: Q2 2026 in Review

Sands Capital Management increased its On Holding (ONON) stake by 18% in Q2 2026, buying an estimated $42.4M and bringing the position to 7,485,043 shares worth $265M. The position accounts for 0.98% of the portfolio, ranked #35.

Sands Capital Management first reported a position in ONON in Q2 2025 and has held it in 5 quarters since. The position peaked at $308M in Q4 2025. 491 funds tracked by Wall St. Rank hold ONON as of Q2 2026.

  • Sands Capital Management held 7,485,043 shares of On Holding worth $265M as of Q2 2026.
  • Sands Capital Management bought 1,159,496 On Holding shares in Q2 2026, an estimated $42.4M.
  • On Holding made up 0.98% of Sands Capital Management's portfolio in Q2 2026, its #35 holding.
  • Sands Capital Management first reported a position in On Holding in Q2 2025 and has held it in 5 quarters since.
  • Sands Capital Management's On Holding position peaked at $308M in Q4 2025.
  • 491 funds tracked by Wall St. Rank held On Holding as of Q2 2026.

Based on Sands Capital Management's 13F filing for Q2 2026, filed 13 Aug 2026.