On Holding
ONON
488 hedge funds and large institutions have $7.5B invested in On Holding in 2025 Q3 according to their latest regulatory filings, with 97 funds opening new positions, 160 increasing their positions, 159 reducing their positions, and 101 closing their positions.
15% more call options, than puts
Call options by funds: $716M | Put options by funds: $624M
1% more repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 159
4% less first-time investments, than exits
New positions opened: 97 | Existing positions closed: 101
2% less funds holding
Funds holding: 496 → 488 (-8)
4.65% less ownership
Funds ownership: 66.93% → 62.28% (-4.7%)
24% less capital invested
Capital invested by funds: $9.9B → $7.5B (-$2.4B)
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$234M |
| 2 |
ACM
Anomaly Capital Management
New York
|
+$116M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$110M |
| 4 |
Sands Capital Management
Arlington,
Virginia
|
+$103M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$83.7M |
Top Sellers
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$440M |
| 2 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$248M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$107M |
| 4 |
JP Morgan Chase
New York
|
-$96.5M |
| 5 |
Two Sigma Investments
New York
|
-$92.3M |
ONON Hedge Fund Activity: Q3 2025 in Review
488 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in On Holding (ONON) for Q3 2025, worth a combined $7.5B — down 24% from $9.9B a quarter earlier.
Sellers outnumbered buyers: 101 funds closed out of ONON and 97 opened new positions — a net loss of 4 holders — while 159 trimmed existing stakes and 160 added.
The largest buyer was Morgan Stanley, adding an estimated $234M. The largest seller was AllianceBernstein, cutting an estimated $440M.
- 488 institutional investors held On Holding (ONON) as of Q3 2025, down from 496 in Q2 2025.
- Funds reported $7.5B of On Holding stock for Q3 2025, down 24% quarter-over-quarter.
- 97 funds opened new On Holding positions in Q3 2025 and 101 closed out, a net change of -4 holders.
- The largest On Holding buyer in Q3 2025 was Morgan Stanley, an estimated $234M added.
- The largest On Holding seller in Q3 2025 was AllianceBernstein, an estimated $440M sold.
Based on aggregated 13F filings for Q3 2025.