On Holding

ONON • NYSE

On Holding is a apparel - retail company in the consumer cyclical sector on NYSE, led by Martin Hoffmann, with a market cap of $15.2B. As of Q3 2025, 54% of shares are held by 478 institutional investors, with FMR LLC as the largest holder at 8.91%.

CEOMartin Hoffmann

Market Cap$15.2B

Apparel - Retail

Consumer Cyclical

Employees2.4K

Websiteon.com

Overview

Overview of institutional ownership in ONON as of Q3 2025 with a market cap of $13.8B

All Institutions

Institutions: 478
Value Held: $7.4B
Shares Held: 175.8M
Avg Position: $15.6M
Median Position: $916.9K

Hedge Funds

Hedge Funds: 53
Value Held: $626.0M
Shares Held: 14.8M
Avg Position: $11.8M
Median Position: $4.3M

Ownership Breakdown

Institutional (non-HF)

49.29%

$6.8B

Hedge Funds

4.53%

$626.0M

Retail & Other

46.18%

$6.4B

Based on market cap of $13.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ONON as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$1.2B 0.06% of portfolio	8.91% 29.1M shares	Q3 2021 Held for 4y 3m	$1.92T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$725.1M 0.04% of portfolio	5.24% 17.1M shares	Q3 2021 Held for 4y 3m	$1.65T
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$413.2M 0.13% of portfolio	2.99% 9.8M shares	Q2 2024 Held for 1y 6m	$317.45B
SANDS CAPITAL MANAGEMENT, LLC Long Only Manager	Frank Melville Sands CEO	$286.7M 0.79% of portfolio	2.07% 6.8M shares	Q2 2025 Held for 6 months	$36.2B
UBS Group AG Institution	Sergio P. Ermotti CEO	$275.1M 0.05% of portfolio	1.99% 6.5M shares	Q3 2021 Held for 4y 3m	$511.60B
BlackRock, Inc. Institution	Laurence D. Fink CEO	$237.8M 0.00% of portfolio	1.72% 5.6M shares	Q3 2021 Held for 4y 3m	$5.67T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$231.4M 0.01% of portfolio	1.67% 5.5M shares	Q2 2023 Held for 2y 6m	$1.56T
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$211.5M 0.13% of portfolio	1.53% 5.0M shares	Q2 2024 Held for 1y 6m	$161.58B
BAMCO INC /NY/ Long Only Manager	Ronald Stephen Baron CEO	$201.0M 0.53% of portfolio	1.45% 4.7M shares	Q1 2022 Held for 3y 9m	$37.7B
JENNISON ASSOCIATES LLC Long Only Manager	Jeffrey Todd Becker CEO	$173.4M 0.10% of portfolio	1.25% 4.1M shares	Q3 2021 Held for 4y 3m	$171.76B

Net Capital Flow

Institutional buying and selling activity for ONON in Q3 2025

Traded: −$448.7M
Buyers: 257
Sellers: 247
Total Bought: +$1.3B
Total Sold: −$1.8B
Avg Position: $12.9M

Biggest Buyers

Institution	Net Bought	Current Position
MORGAN STANLEY RIA/Wealth	+$208.2M +4.9M shares	$725.1M 17.1M shares
Anomaly Capital Management, LP Hedge Fund•Long/Short	+$102.9M +2.4M shares	$102.9M 2.4M shares
UBS Group AG Institution	+$98.3M +2.3M shares	$275.1M 6.5M shares
SANDS CAPITAL MANAGEMENT, LLC Long Only Manager	+$91.3M +2.2M shares	$286.7M 6.8M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$74.4M +1.8M shares	$78.3M 1.8M shares
I Ilex Capital Partners LLP Institution	+$44.2M +1.0M shares	$44.2M 1.0M shares
Clearbridge Investments, LLC Long Only Manager	+$43.9M +1.0M shares	$43.9M 1.0M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$43.9M +1.0M shares	$43.9M 1.0M shares
AMERIPRISE FINANCIAL INC Institution	+$43.0M +1.0M shares	$138.9M 3.3M shares
Interval Partners, LLC Hedge Fund•Long/Short	+$33.7M +796.7K shares	$33.7M 796.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$391.8M −9.3M shares	$413.2M 9.8M shares
Winslow Capital Management, LLC Long Only Manager	−$248.1M −4.8M shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$95.5M −2.3M shares	$117.1M 2.8M shares
JPMORGAN CHASE & CO Institution	−$85.8M −2.0M shares	$231.4M 5.5M shares
G GCIC Ltd. Institution	−$79.7M −1.5M shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$68.9M −1.3M shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$65.7M −1.6M shares	$51.2M 1.2M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$58.3M −1.1M shares	Sold Off 0 shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$52.0M −999.3K shares	Sold Off 0 shares
S SEI INVESTMENTS CO Institution	−$48.4M −1.1M shares	$15.5M 365.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ONON in Q3 2025

New Positions: 55
New Value: $132.0M
Exited Positions: 98
Exited Value: $801.6M

New Positions

Institution	Position Value
Clearbridge Investments, LLC Long Only Manager	$43.9M 1.0M shares
Interval Partners, LLC Hedge Fund•Long/Short	$33.7M 796.7K shares
B BWCP, LP Hedge Fund•Long/Short	$17.9M 422.7K shares
Night Squared LP Hedge Fund•Long/Short	$6.7M 157.5K shares
O OSSIAM Institution	$6.2M 145.8K shares
K Korea Investment CORP Institution	$5.6M 133.2K shares
Bulltick Wealth Management, LLC RIA/Wealth	$2.9M 68.1K shares
U Unison Asset Management LLC Hedge Fund•Long/Short	$1.9M 45.1K shares
L LECAP ASSET MANAGEMENT LTD Institution	$1.5M 34.8K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$1.2M 29.5K shares

Exited Positions

Institution	Previous Position
Winslow Capital Management, LLC Long Only Manager	$248.1M 4.8M shares
G GCIC Ltd. Institution	$79.7M 1.5M shares
Q Qube Research & Technologies Ltd Institution	$68.9M 1.3M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$58.3M 1.1M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$52.0M 999.3K shares
Junto Capital Management LP Hedge Fund•Long/Short	$39.1M 751.2K shares
Allspring Global Investments Holdings, LLC Long Only Manager	$23.5M 449.5K shares
M Mediolanum International Funds Ltd Institution	$22.8M 434.7K shares
A AXA Institution	$21.4M 411.5K shares
Artisan Partners Limited Partnership Long Only Manager	$19.6M 377.4K shares

Options Activity

Institutions with the largest Call and Put options positions in ONON as of Q3 2025

Call Positions: 29
Call Value: $615.8M
Put Positions: 29
Put Value: $575.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$133.8M 31.6K contracts
Walleye Trading LLC RIA/Wealth	$89.0M 21.0K contracts
BARCLAYS PLC Institution	$64.3M 15.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$57.0M 13.5K contracts
UBS Group AG Institution	$50.6M 11.9K contracts
Select Equity Group, L.P. Hedge Fund•Multi-Strategy	$45.1M 10.7K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$40.1M 9.5K contracts
J JANE STREET GROUP, LLC Institution	$36.3M 8.6K contracts
W WOLVERINE TRADING, LLC Institution	$14.7M 3.4K contracts
Caption Management, LLC Hedge Fund•Long/Short	$12.7M 3.0K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$146.9M 34.7K contracts
BARCLAYS PLC Institution	$102.7M 24.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$71.9M 17.0K contracts
J JANE STREET GROUP, LLC Institution	$59.5M 14.1K contracts
D D. E. Shaw & Co., Inc. Institution	$37.5M 8.9K contracts
P PEAK6 LLC Institution	$34.7M 8.2K contracts
Walleye Trading LLC RIA/Wealth	$29.4M 6.9K contracts
UBS Group AG Institution	$20.1M 4.8K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$14.3M 3.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$8.2M 1.9K contracts

Most Committed Institutions

Institutions with ONON as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B Bond Capital Management, LP Institution	-	57.70% $119.2M	0.86% 2.8M shares	Q1 2022 Held for 3y 9m	$206.6M
APEIRON CAPITAL Ltd RIA/Wealth	James Michael Marsden Owner	16.02% $33.7M	0.24% 795.9K shares	Q3 2022 Held for 3y 3m	$210.4M
W Wealth High Governance Capital Ltda Institution	-	3.88% $12.7M	0.09% 300.0K shares	Q1 2025 Held for 9 months	$327.9M
OGBORNE CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Michael Patrick Ogborne Managing Partner	3.81% $14.0M	0.10% 330.0K shares	Q2 2022 Held for 3y 6m	$367.0M
M Manchester Global Management Ltd Institution	-	3.78% $28.8M	0.21% 679.5K shares	Q1 2023 Held for 2y 9m	$760.4M
ThornTree Capital Partners LP Hedge Fund•Long/Short	Mark Christopher Moore CIO	3.75% $24.5M	0.18% 579.0K shares	Q4 2021 Held for 4 years	$653.4M
Anomaly Capital Management, LP Hedge Fund•Long/Short	Benjamin Solomon Jacobs CIO	3.03% $102.9M	0.74% 2.4M shares	Q1 2023 Held for 2y 9m	$3.4B
B BWCP, LP Hedge Fund•Long/Short	Brandon Matthew Wier Managing Partner	2.97% $17.9M	0.13% 422.7K shares	Q3 2025 Held for 3 months	$601.9M
V VILLERE ST DENIS J & CO LLC Institution	-	2.89% $29.4M	0.21% 693.8K shares	Q3 2022 Held for 3y 3m	$1.0B
Aragon Global Management, LP Hedge Fund•Long/Short	Anne Dias CEO	2.72% $8.9M	0.06% 209.1K shares	Q4 2023 Held for 2 years	$325.4M

Hedge Fund Spotlight

Discover hedge funds investing in ONON

Quantbot Technologies LLC

Hedge Fund • Quant

Portfolio ManagerPaul Edward White

Portfolio Value: $3.7B
Positions: 1,694
Last Reported: Q3 2025

Sector Allocation

Position in On Holding

Market Value: $2.8M
Shares Held: 65.3K
Portfolio Weight: 0.08%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
1 SoFi Technologies, Inc. SOFI	Financial - Credit Services Financial Services	$29.1M	0.79%
2 Lam Research LRCX	Semiconductors Technology	$27.8M	0.75%
3 Honeywell International HON	Conglomerates Industrials	$27.6M	0.75%