On Holding
ONON
502 hedge funds and large institutions have $9.9B invested in On Holding in 2025 Q2 according to their latest regulatory filings, with 103 funds opening new positions, 157 increasing their positions, 172 reducing their positions, and 74 closing their positions.
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
53% more capital inflows, than outflows
Capital inflows: $2.38B | Capital outflows: $1.55B
48% more call options, than puts
Call options by funds: $817M | Put options by funds: $553M
39% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 74
6.28% more ownership
Funds ownership: 60.65% → 66.93% (+6.3%)
5% more funds holding
Funds holding: 479 → 502 (+23)
9% less repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 172
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$268M |
| 2 |
Winslow Capital Management
Minneapolis,
Minnesota
|
+$243M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
+$235M |
| 4 |
JP Morgan Chase
New York
|
+$135M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$114M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$182M |
| 2 |
Durable Capital Partners
Bethesda,
Maryland
|
-$100M |
| 3 |
Millennium Management
New York
|
-$76.7M |
| 4 |
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$65.2M |
| 5 |
Ilex Capital Partners
London,
United Kingdom
|
-$60.8M |
ONON Hedge Fund Activity: Q2 2025 in Review
502 of the 7,630 institutional investors tracked by Wall St. Rank reported a position in On Holding (ONON) for Q2 2025, worth a combined $9.9B — up 28% from $7.7B a quarter earlier.
Buyers outnumbered sellers: 103 funds opened new ONON positions and 74 closed out — a net gain of 29 holders — while 157 added to existing stakes and 172 trimmed.
The largest buyer was BlackRock, adding an estimated $268M. The largest seller was Acadian Asset Management, cutting an estimated $182M.
- 502 institutional investors held On Holding (ONON) as of Q2 2025, up from 479 in Q1 2025.
- Funds reported $9.9B of On Holding stock for Q2 2025, up 28% quarter-over-quarter.
- 103 funds opened new On Holding positions in Q2 2025 and 74 closed out, a net change of +29 holders.
- The largest On Holding buyer in Q2 2025 was BlackRock, an estimated $268M added.
- The largest On Holding seller in Q2 2025 was Acadian Asset Management, an estimated $182M sold.
Based on aggregated 13F filings for Q2 2025.