On Holding
ONON
494 hedge funds and large institutions have $7.07B invested in On Holding in 2026 Q1 according to their latest regulatory filings, with 88 funds opening new positions, 155 increasing their positions, 182 reducing their positions, and 113 closing their positions.
14% more call options, than puts
Call options by funds: $428M | Put options by funds: $374M
0.16% less ownership
Funds ownership: 69.52% → 69.37% (-0.16%)
6% less funds holding
Funds holding: 527 → 494 (-33)
8% less funds holding in top 10
Funds holding in top 10: 13 → 12 (-1)
15% less repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 182
22% less first-time investments, than exits
New positions opened: 88 | Existing positions closed: 113
26% less capital invested
Capital invested by funds: $9.59B → $7.07B (-$2.52B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICP
Ilex Capital Partners
London,
United Kingdom
|
+$288M |
| 2 |
Jane Street
New York
|
+$193M |
| 3 |
BAMCO Inc
New York
|
+$188M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$161M |
| 5 |
Goldman Sachs
New York
|
+$62.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$244M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$235M |
| 3 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
-$86.1M |
| 4 |
Morgan Stanley
New York
|
-$72.2M |
| 5 |
FFM
FengHe Fund Management
Singapore
|
-$59.6M |
ONON Hedge Fund Activity: Q1 2026 in Review
494 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in On Holding (ONON) for Q1 2026, worth a combined $7.07B — down 26% from $9.59B a quarter earlier.
Sellers outnumbered buyers: 113 funds closed out of ONON and 88 opened new positions — a net loss of 25 holders — while 182 trimmed existing stakes and 155 added.
The largest buyer was Ilex Capital Partners, opening a new position worth an estimated $288M. The largest seller was Fidelity Investments, cutting an estimated $244M.
- 494 institutional investors held On Holding (ONON) as of Q1 2026, down from 527 in Q4 2025.
- Funds reported $7.07B of On Holding stock for Q1 2026, down 26% quarter-over-quarter.
- 88 funds opened new On Holding positions in Q1 2026 and 113 closed out, a net change of -25 holders.
- The largest On Holding buyer in Q1 2026 was Ilex Capital Partners, an estimated $288M added.
- The largest On Holding seller in Q1 2026 was Fidelity Investments, an estimated $244M sold.
Based on aggregated 13F filings for Q1 2026.