On Holding
ONON
527 hedge funds and large institutions have $9.59B invested in On Holding in 2025 Q4 according to their latest regulatory filings, with 129 funds opening new positions, 182 increasing their positions, 146 reducing their positions, and 87 closing their positions.
117% more funds holding in top 10
Funds holding in top 10: 6 → 13 (+7)
48% more first-time investments, than exits
New positions opened: 129 | Existing positions closed: 87
28% more capital invested
Capital invested by funds: $7.5B → $9.59B (+$2.09B)
25% more repeat investments, than reductions
Existing positions increased: 182 | Existing positions reduced: 146
13% more call options, than puts
Call options by funds: $854M | Put options by funds: $754M
8% more funds holding
Funds holding: 489 → 527 (+38)
7.25% more ownership
Funds ownership: 62.28% → 69.52% (+7.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$302M |
| 2 |
FFM
FengHe Fund Management
Singapore
|
+$132M |
| 3 |
Holocene Advisors
New York
|
+$103M |
| 4 |
Select Equity Group
New York
|
+$80.7M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$75.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$160M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$122M |
| 3 |
BCM
Bond Capital Management
San Francisco,
California
|
-$119M |
| 4 |
ACM
Anomaly Capital Management
New York
|
-$103M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$85.9M |
ONON Hedge Fund Activity: Q4 2025 in Review
527 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in On Holding (ONON) for Q4 2025, worth a combined $9.59B — up 28% from $7.5B a quarter earlier.
Buyers outnumbered sellers: 129 funds opened new ONON positions and 87 closed out — a net gain of 42 holders — while 182 added to existing stakes and 146 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $302M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $160M.
- 527 institutional investors held On Holding (ONON) as of Q4 2025, up from 489 in Q3 2025.
- Funds reported $9.59B of On Holding stock for Q4 2025, up 28% quarter-over-quarter.
- 129 funds opened new On Holding positions in Q4 2025 and 87 closed out, a net change of +42 holders.
- The largest On Holding buyer in Q4 2025 was Morgan Stanley, an estimated $302M added.
- The largest On Holding seller in Q4 2025 was T. Rowe Price Investment Management, an estimated $160M sold.
Based on aggregated 13F filings for Q4 2025.