ON HLDG AG ONON
NAMEN AKT A · Common Stock · CUSIP H5919C104
Swiss Performance Running Shoes & Clothing
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.42. Options: 32 managers hold calls ($400.4m notional), 30 hold puts ($395.4m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 177 |
| Q4 2022 | 194 |
| Q1 2023 | 219 |
| Q2 2023 | 262 |
| Q3 2023 | 286 |
| Q4 2023 | 303 |
| Q1 2024 | 335 |
| Q2 2024 | 376 |
| Q3 2024 | 419 |
| Q4 2024 | 470 |
| Q1 2025 | 477 |
| Q2 2025 | 501 |
| Q3 2025 | 491 |
| Q4 2025 | 529 |
| Q1 2026 | 496 |
| Q2 2026 | 494 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 238 | 180 |
| Q4 2024 | 238 | 185 |
| Q1 2025 | 251 | 218 |
| Q2 2025 | 253 | 244 |
| Q3 2025 | 250 | 257 |
| Q4 2025 | 280 | 231 |
| Q1 2026 | 230 | 295 |
| Q2 2026 | 240 | 259 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $724.2m | $660.2m | 0.91 |
| Q4 2025 | $863.0m | $732.1m | 0.85 |
| Q1 2026 | $428.3m | $374.1m | 0.87 |
| Q2 2026 | $400.4m | $395.4m | 0.99 |
Biggest buyers
| LONE PINE CAPITAL LLC | New | +13.3m |
| BAMCO INC /NY/ | Added | +7.2m |
| CITADEL ADVISORS LLC | Added | +3.3m |
| MARSHALL WACE, LLP | Added | +2.2m |
| Freestone Grove Partners LP | Added | +2.0m |
| Pertento Partners LLP | Added | +1.9m |
| HSBC HOLDINGS PLC | Added | +1.3m |
| SANDS CAPITAL MANAGEMENT, LLC | Added | +1.2m |
| Man Group plc | Added | +1.1m |
| Walleye Capital LLC | Added | +937.2k |
Biggest sellers
| FMR LLC | Reduced | -8.0m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -5.6m |
| JPMORGAN CHASE & CO | Reduced | -3.7m |
| Ilex Capital Partners (UK) LLP | Reduced | -3.6m |
| Select Equity Group, L.P. | Reduced | -2.5m |
| UBS Group AG | Reduced | -2.3m |
| Holocene Advisors, LP | Reduced | -2.0m |
| MORGAN STANLEY | Reduced | -2.0m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.9m |
| FengHe Fund Management Pte. Ltd. | Sold out | -1.7m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $109.6m3.1m shares |
| JANE STREET GROUP, LLC | Added | $47.3m1.3m shares |
| Walleye Trading LLC | Reduced | $35.8m1.0m shares |
| BARCLAYS PLC | Reduced | $29.6m835.0k shares |
| UBS Group AG | Reduced | $27.8m785.2k shares |
| IMC-Chicago, LLC | Reduced | $27.3m770.7k shares |
| Caption Management, LLC | New | $19.9m561.2k shares |
| CITADEL ADVISORS LLC | Reduced | $18.2m513.5k shares |
| Point72 Asset Management, L.P. | Added | $17.3m487.8k shares |
| GROUP ONE TRADING LLC | Reduced | $14.8m416.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $76.4m2.2m shares |
| JANE STREET GROUP, LLC | Reduced | $68.2m1.9m shares |
| CITADEL ADVISORS LLC | Added | $62.3m1.8m shares |
| IMC-Chicago, LLC | Added | $33.0m931.6k shares |
| Walleye Trading LLC | Added | $29.4m828.9k shares |
| Point72 Asset Management, L.P. | Added | $22.5m633.9k shares |
| HRT FINANCIAL LP | Added | $22.2m627.4k shares |
| BARCLAYS PLC | Added | $20.5m580.0k shares |
| UBS Group AG | Added | $17.1m483.1k shares |
| D. E. Shaw & Co., Inc. | Added | $10.5m297.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Allemann David Michael 13G · exempt (held before listing) -1.0 pts · filed 2026-08-12 | 12.9% |
| Sicupira Carlos Alberto 13G · passive investor filed 2024-10-31 | 6.6% |
| MORGAN STANLEY 13G · institution new · filed 2026-02-12 | 6.5% |
| BAMCO INC /NY/ 13G · institution new · filed 2026-08-14 | 5.7% |
| FMR LLC 13G · institution -2.7 pts · filed 2026-08-06 | 5.4% |
Fell to 5% or below in the last year: Hoffmann Martin (1.0%, 2026-08-12), ALLIANCEBERNSTEIN L.P. (3.3%, 2025-11-14)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 1 | $299.2k | $299.2k |
| Q2 2026 | 3 | $4.4m | 2 | $636.1k | $580.7k |
| Q3 2026 | 2 | $2.0m | 2 | $60.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-08 | Maguire Scott Andrew COO · Class A shares | Sold | $40.9k1.5k shares |
| 2026-09-08 | Sluis Frank CFO · Class A Shares | Sold | $19.1k687 shares |
| 2026-08-14 | Bernhard Olivier Executive Officer, director · Class A Shares | Bought | $2.0m65.0k shares |
| 2026-08-14 | Coppetti Caspar Felix Executive Officer & Co-CEO, director · Class A Shares | Bought | $2.0m65.0k shares |
| 2026-06-08 | Maguire Scott Andrew COO · Class A shares | Sold | $55.3k1.5k shares |
| 2026-05-14 | Bernhard Olivier Executive Officer, director · Class A Shares | Bought | $2.2m60.0k shares |
| 2026-05-14 | Allemann David Michael Executive Officer & Co-CEO, director · Class A Shares | Bought | $2.2m60.0k shares |
| 2026-05-14 | Coppetti Caspar Felix Executive Officer & Co-CEO, director · Class A Shares | Bought | $2.2m60.0k shares |
| 2026-04-27 | Hoffmann Martin CEO · Class A Shares | Sold plan | $148.7k4.2k shares |
| 2026-04-20 | Hoffmann Martin CEO · Class A Shares | Sold plan | $151.7k4.2k shares |
| 2026-04-13 | Hoffmann Martin CEO · Class A Shares | Sold plan | $140.9k4.2k shares |
| 2026-04-06 | Hoffmann Martin CEO · Class A Shares | Sold plan | $139.4k4.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.04% of their portfolio | 20.4m $724.2m | Reduced -2.0m |
| BAMCO INC /NY/ 0.90% of their portfolio | 16.9m $599.7m | Added +7.2m |
| FMR LLC 0.02% of their portfolio | 16.0m $568.1m | Reduced -8.0m |
| LONE PINE CAPITAL LLC 2.88% of their portfolio | 13.3m $470.4m | New |
| PLATINUM PARAMOUNT INVESTMENT LTD. 56.94% of their portfolio | 11.3m $400.7m | Unchanged |
| Sinvest Investments II Ltd. 100.00% of their portfolio | 8.4m $297.5m | Unchanged |
| SANDS CAPITAL MANAGEMENT, LLC 0.98% of their portfolio | 7.5m $265.1m | Added +1.2m |
| CITADEL ADVISORS LLC 0.14% of their portfolio | 7.1m $251.5m | Added +3.3m |
| BlackRock, Inc. 0.00% of their portfolio | 5.5m $196.1m | Reduced -227.3k |
| JANE STREET GROUP, LLC 0.12% of their portfolio | 5.2m $185.7m | Added +14.3k |
| UBS Group AG 0.03% of their portfolio | 5.0m $178.3m | Reduced -2.3m |
| MARSHALL WACE, LLP 0.10% of their portfolio | 3.5m $123.7m | Added +2.2m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.4m $119.7m | Added +783.2k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 3.2m $113.0m | Added +613.0k |
| NORGES BANK 0.01% of their portfolio | 3.2m $112.8m | Not comparable |
| Ilex Capital Partners (UK) LLP 2.20% of their portfolio | 3.0m $107.3m | Reduced -3.6m |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 2.8m $97.5m | Added +62.4k |
| STATE STREET CORP 0.00% of their portfolio | 2.4m $86.6m | Reduced -82.8k |
| Pertento Partners LLP 5.67% of their portfolio | 2.2m $78.9m | Added +1.9m |
| Clearbridge Investments, LLC 0.06% of their portfolio | 2.1m $74.3m | Added +127.7k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 2.0m $72.5m | Added +360.7k |
| Freestone Grove Partners LP 0.47% of their portfolio | 2.0m $71.7m | Added +2.0m |
| FEDERATED HERMES, INC. 0.10% of their portfolio | 1.9m $67.9m | Reduced -231.7k |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 1.9m $67.2m | Reduced -60.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.9m $67.2m | Added +105.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.7m $60.8m | Added +425.6k |
| BESSEMER GROUP INC 0.08% of their portfolio | 1.6m $57.9m | Added +439.2k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.09% of their portfolio | 1.6m $57.3m | Added +87.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.5m $53.4m | Reduced -16.7k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.4m $50.3m | Added +1.3m |
| Man Group plc 0.08% of their portfolio | 1.2m $44.0m | Added +1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.1m $38.5m | Reduced -749.7k |
| ExodusPoint Capital Management, LP 0.36% of their portfolio | 1.1m $38.4m | Added +742.5k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.0m $36.6m | Reduced -1.9m |
| Impax Asset Management Group plc 0.24% of their portfolio | 1.0m $36.6m | Added +360.4k |
| Verition Fund Management LLC 0.25% of their portfolio | 1.0m $36.2m | Added +699.5k |
| Walleye Capital LLC 0.17% of their portfolio | 993.3k $35.2m | Added +937.2k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 920.1k $32.6m | Added +869.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 863.0k $30.6m | Reduced -208.2k |
| HRT FINANCIAL LP 0.07% of their portfolio | 854.2k $30.3m | Added +516.8k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 832.4k $29.5m | Reduced -1.0m |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 803.5k $28.5m | Added +67.5k |
| APEIRON CAPITAL Ltd 18.11% of their portfolio | 795.9k $28.2m | Reduced -200.2k |
| Woodline Partners LP 0.09% of their portfolio | 776.9k $27.5m | Added +364.2k |
| Gotham Asset Management, LLC 0.06% of their portfolio | 754.8k $26.7m | New |
| BWCP, LP 3.67% of their portfolio | 724.4k $25.7m | Added +43.7k |
| Jupiter Topco LLC 0.01% of their portfolio | 682.7k $24.2m | First filing |
| Hook Mill Capital Partners, LP 2.21% of their portfolio | 673.7k $23.9m | New |
| ThornTree Capital Partners LP 3.24% of their portfolio | 668.8k $23.7m | Reduced -528.6k |
| Squarepoint Ops LLC 0.04% of their portfolio | 653.7k $23.2m | Added +589.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 638.7k $22.6m | Added +84.1k |
| CITIGROUP INC 0.01% of their portfolio | 597.6k $21.2m | Reduced -255.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 586.4k $20.8m | Added +112.0k |
| VILLERE ST DENIS J & CO LLC 2.47% of their portfolio | 583.2k $20.7m | Reduced -32.6k |
| Nuveen, LLC 0.00% of their portfolio | 570.4k $20.2m | Added +105.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 567.2k $20.1m | Added +3.3k |
| MANE GLOBAL CAPITAL MANAGEMENT LP 1.59% of their portfolio | 543.6k $19.3m | Added +38.3k |
| Fiera Capital Corp 0.07% of their portfolio | 539.1k $19.1m | Reduced -399.1k |
| BARCLAYS PLC 0.01% of their portfolio | 527.5k $18.7m | Added +179.1k |
| GATES FOUNDATION TRUST 0.05% of their portfolio | 500.0k $17.7m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 491.9k $17.4m | Added +139.9k |
| Longaeva Partners L.P. 0.49% of their portfolio | 483.0k $17.1m | Added +170.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 464.3k $16.4m | Added +35.0k |
| Portolan Capital Management, LLC 0.59% of their portfolio | 441.1k $15.6m | Added +238.7k |
| &PARTNERS 0.06% of their portfolio | 438.6k $15.5m | Added +52.1k |
| Hodges Capital Management Inc. 1.03% of their portfolio | 436.7k $15.5m | Added +82.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 422.3k $15.0m | Reduced -75.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 417.7k $14.8m | Added +404.8k |
| Abu Dhabi Investment Council Co P.J.S.C 2.00% of their portfolio | 403.4k $14.3m | Unchanged |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 397.4k $14.1m | Added +81.2k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 394.3k $14.0m | Reduced -194.7k |
| Arnhold LLC 0.97% of their portfolio | 390.9k $13.8m | Added +16.9k |
| Cinctive Capital Management LP 0.54% of their portfolio | 381.8k $13.5m | Added +123.5k |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 381.8k $13.5m | Reduced -93.6k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 0.31% of their portfolio | 377.5k $13.4m | Reduced -25.6k |
| SummitTX Capital, L.P. 0.35% of their portfolio | 375.2k $13.3m | Added +350.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 372.1k $13.2m | Added +1.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 360.6k $12.8m | Reduced -3.7m |
| Eurizon Capital SGR S.p.A. 0.03% of their portfolio | 358.2k $12.7m | Added +32.1k |
| Darwins River Capital, LP 6.91% of their portfolio | 355.7k $12.6m | Added +110.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 351.5k $12.5m | Reduced -94.3k |
| Manchester Global Management (UK) Ltd 1.26% of their portfolio | 322.2k $11.4m | Reduced -200.0k |
| Quinn Opportunity Partners LLC 0.52% of their portfolio | 314.7k $11.1m | Added +21.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 314.2k $11.1m | Added +17.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 312.7k $11.1m | Reduced -342.0k |
| Baltimore-Washington Financial Advisors, Inc. 0.41% of their portfolio | 309.4k $11.0m | Reduced -36.8k |
| Diversify Advisory Services, LLC 0.19% of their portfolio | 308.7k $11.4m | New |
| DIVERSIFY WEALTH MANAGEMENT, LLC 0.19% of their portfolio | 308.7k $11.4m | New |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.35% of their portfolio | 304.9k $10.8m | Added +8.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 291.8k $10.3m | Reduced -4.2k |
| TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH PZU SA 2.80% of their portfolio | 280.1k $9.9m | Unchanged |
| AVIVA PLC 0.01% of their portfolio | 271.9k $9.6m | Reduced -7.9k |
| California Public Employees Retirement System 0.01% of their portfolio | 262.4k $9.3m | Reduced -20.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 256.5k $9.1m | Added +4.3k |
| BANQUE PICTET & CIE SA 0.09% of their portfolio | 255.5k $9.0m | Unchanged |
| Cerity Partners LLC 0.01% of their portfolio | 245.9k $8.7m | Reduced -431.2k |
| Lombard Odier Asset Management (Europe) Ltd 0.37% of their portfolio | 241.6k $8.6m | Added +182.9k |
| WCM INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 232.3k $8.2m | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 221.4k $7.8m | Reduced -658.9k |
| OMERS ADMINISTRATION Corp 0.05% of their portfolio | 217.7k $7.7m | Added +50.3k |