Vault-13

ON HLDG AG ONON

NAMEN AKT A · Common Stock · CUSIP H5919C104

Swiss Performance Running Shoes & Clothing

335 institutional holders +32 vs Q4 2023
217,054,146217.1m shares reported held*
76.4% of all shares outstanding*
$7.7bnreported value*
82 new 109 added 94 reduced 47 sold out net bought ≈ $1.6bn (+44.1m shares)

* 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. Holder counts are more reliable. Shares outstanding: 284.2m as of 2023-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $35.37. Options: 29 managers hold calls ($627.5m notional), 26 hold puts ($409.6m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 177Q4 22: 194Q1 23: 219Q2 23: 262Q3 23: 286Q4 23: 303Q1 24: 335335Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022177
Q4 2022194
Q1 2023219
Q2 2023262
Q3 2023286
Q4 2023303
Q1 2024335

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 98 bought or addedQ4 22: 74 cut or sold outQ4 22Q1 23: 131 bought or addedQ1 23: 88 cut or sold outQ1 23Q2 23: 166 bought or addedQ2 23: 103 cut or sold outQ2 23Q3 23: 168 bought or addedQ3 23: 121 cut or sold outQ3 23Q4 23: 163 bought or addedQ4 23: 135 cut or sold outQ4 23Q1 24: 191 bought or addedQ1 24: 141 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20229874
Q1 202313188
Q2 2023166103
Q3 2023168121
Q4 2023163135
Q1 2024191141

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200m$400m$600m$800mQ2 23 calls: $425.5mQ2 23 puts: $320.2mQ2 23P/C 0.75Q3 23 calls: $372.2mQ3 23 puts: $320.6mQ3 23P/C 0.86Q4 23 calls: $336.4mQ4 23 puts: $307.0mQ4 23P/C 0.91Q1 24 calls: $627.5mQ1 24 puts: $409.6mQ1 24P/C 0.65
Numbers
QuarterCallsPutsP/C
Q2 2023$425.5m$320.2m0.75
Q3 2023$372.2m$320.6m0.86
Q4 2023$336.4m$307.0m0.91
Q1 2024$627.5m$409.6m0.65

Biggest buyers

MORGAN STANLEY Added +28,502,890+28.5m
WELLINGTON MANAGEMENT GROUP LLP Added +5,016,260+5.0m
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC New +3,440,148+3.4m
WESTFIELD CAPITAL MANAGEMENT CO LP New +1,862,570+1.9m
Greenvale Capital LLP New +1,750,000+1.8m
Select Equity Group, L.P. Added +1,656,466+1.7m
Artisan Partners Limited Partnership Added +1,608,398+1.6m
Atreides Management, LP New +1,191,261+1.2m
FRANKLIN RESOURCES INC New +1,087,167+1.1m
UBS Group AG Added +941,410+941.4k

Biggest sellers

1832 Asset Management L.P. Reduced -3,156,400-3.2m
AMERICAN CENTURY COMPANIES INC Reduced -2,431,193-2.4m
MARSHALL WACE, LLP Reduced -1,932,935-1.9m
Man Group plc Reduced -1,248,743-1.2m
Luxor Capital Group, LP Sold out -938,680-938.7k
JENNISON ASSOCIATES LLC Reduced -591,629-591.6k
Hodges Capital Management Inc. Reduced -503,665-503.7k
Squarepoint Ops LLC Reduced -486,593-486.6k
VILLERE ST DENIS J & CO LLC Reduced -449,388-449.4k
PRINCIPAL FINANCIAL GROUP INC Sold out -430,830-430.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $194.8m5.5m shares
CITADEL ADVISORS LLC Added $94.7m2.7m shares
Twin Tree Management, LP Reduced $67.0m1.9m shares
Walleye Trading LLC Added $66.9m1.9m shares
JANE STREET GROUP, LLC Reduced $53.4m1.5m shares
SIMPLEX TRADING, LLC Added $37.7m1.1m shares
GROUP ONE TRADING LLC Reduced $16.0m452.7k shares
BARCLAYS PLC Reduced $15.9m450.0k shares
PEAK6 Investments LLC Added $14.9m422.2k shares
IMC-Chicago, LLC Added $14.2m401.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $100.4m2.8m shares
CITADEL ADVISORS LLC Added $62.9m1.8m shares
Twin Tree Management, LP Reduced $40.8m1.2m shares
GOLDMAN SACHS GROUP INC New $29.8m842.3k shares
SIMPLEX TRADING, LLC Added $27.1m766.3k shares
JANE STREET GROUP, LLC Added $22.1m625.7k shares
Walleye Trading LLC Reduced $18.6m526.2k shares
BARCLAYS PLC Reduced $14.4m406.3k shares
IMC-Chicago, LLC Added $13.7m386.2k shares
Squarepoint Ops LLC Added $12.6m355.7k 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.

HolderStakeChangeShares Last filed
Allemann David Michael 13G · exempt (held before listing) -1.0 pts · filed 2026-08-12 12.9% -1.0 pts 43.2m≈ $1.5bn 2026-08-12
Sicupira Carlos Alberto 13G · passive investor filed 2024-10-31 6.6% 19.8m≈ $702.5m 2024-10-31
MORGAN STANLEY 13G · institution new · filed 2026-02-12 6.5% new 19.2m≈ $678.9m 2026-02-12
BAMCO INC /NY/ 13G · institution new · filed 2026-08-14 5.7% new 16.9m≈ $599.0m 2026-08-14
FMR LLC 13G · institution -2.7 pts · filed 2026-08-06 5.4% -2.7 pts 16.0m≈ $568.1m 2026-08-06

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 in Q1 2024

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.

None reported in Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 64,028,90464.0m $2.3bn $2.3bn 0.06% Added +28.5m +28,502,890
2 FMR LLC 0.07% of their portfolio BOSTON, MA 28,421,52728.4m $1.0bn $1.0bn 0.07% Added +62.9k +62,901
3 Select Equity Group, L.P. 1.38% of their portfolio NEW YORK, NY 10,768,27110.8m $381.0m $381.0m 1.38% Added +1.7m +1,656,466
4 AMERICAN CENTURY COMPANIES INC 0.17% of their portfolio KANSAS CITY, MO 7,731,9657.7m $273.6m $273.6m 0.17% Reduced -2.4m -2,431,193
5 WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio Boston, MA 6,292,4766.3m $222.6m $222.6m 0.04% Added +5.0m +5,016,260
6 BlackRock Inc. 0.00% of their portfolio New York, NY 5,909,9945.9m $209.1m $209.1m 0.00% Added +734.5k +734,530
7 MACQUARIE GROUP LTD 0.21% of their portfolio Sydney, NSW 2000, C3 5,253,1385.3m $185.9m $185.9m 0.21% Reduced -172.9k -172,870
8 Anomaly Capital Management, LP 5.90% of their portfolio New York, NY 4,728,8774.7m $167.3m $167.3m 5.90% Added +235.8k +235,755
9 Nuveen Asset Management, LLC 0.04% of their portfolio CHICAGO, IL 4,138,6604.1m $146.4m $146.4m 0.04% Added +105.2k +105,179
10 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.31% of their portfolio CHICAGO, IL 3,440,1483.4m $121.7m $121.7m 0.31% New
11 BAMCO INC /NY/ 0.32% of their portfolio NEW YORK, NY 3,394,1953.4m $120.1m $120.1m 0.32% Reduced -130.8k -130,798
12 Bond Capital Management, LP 53.15% of their portfolio San Francisco, CA 2,814,3752.8m $99.6m $99.6m 53.15% Unchanged
13 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 2,787,8712.8m $98.6m $98.6m 0.01% Added +14.7k +14,674
14 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,612,8422.6m $92.4m $92.4m 0.03% Added +941.4k +941,410
15 Pictet Asset Management Holding SA 0.09% of their portfolio CAROUGE, V8 2,364,8392.4m $83.6m $83.6m 0.09% Reduced -372.6k -372,561
16 NORGES BANK 0.01% of their portfolio OSLO, Q8 2,264,3422.3m $80.1m $80.1m 0.01% Added +116.9k +116,909
17 Allspring Global Investments Holdings, LLC 0.12% of their portfolio CHARLOTTE, NC 2,224,8942.2m $78.7m $78.7m 0.12% Added +516.5k +516,478
18 JENNISON ASSOCIATES LLC 0.05% of their portfolio NEW YORK, NY 1,955,3872.0m $69.2m $69.2m 0.05% Reduced -591.6k -591,629
19 Artisan Partners Limited Partnership 0.10% of their portfolio Milwaukee, WI 1,882,6861.9m $66.6m $66.6m 0.10% Added +1.6m +1,608,398
20 WESTFIELD CAPITAL MANAGEMENT CO LP 0.35% of their portfolio BOSTON, MA 1,862,5701.9m $65.9m $65.9m 0.35% New
21 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,797,5901.8m $63.6m $63.6m 0.01% Added +750.7k +750,728
22 Greenvale Capital LLP 4.75% of their portfolio LONDON, X0 1,750,0001.8m $61.9m $61.9m 4.75% New
23 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 1,700,0241.7m $60.1m $60.1m 0.05% Added +548.1k +548,071
24 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 1,654,8711.7m $58.5m $58.5m 0.01% Unchanged
25 MARSHALL WACE, LLP 0.10% of their portfolio LONDON, X0 1,644,7001.6m $58.2m $58.2m 0.10% Reduced -1.9m -1,932,935
26 JANUS HENDERSON GROUP PLC 0.03% of their portfolio LONDON, X0 1,472,1661.5m $52.1m $52.1m 0.03% Reduced -4.1k -4,138
27 FEDERATED HERMES, INC. 0.11% of their portfolio PITTSBURGH, PA 1,313,6151.3m $46.5m $46.5m 0.11% Added +758.6k +758,615
28 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 1,272,8951.3m $45.0m $45.0m 0.04% Added +702.8k +702,780
29 Atreides Management, LP 1.26% of their portfolio BOSTON, MA 1,191,2611.2m $42.1m $42.1m 1.26% New
30 Man Group plc 0.11% of their portfolio LONDON, X0 1,173,2091.2m $41.5m $41.5m 0.11% Reduced -1.2m -1,248,743
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,135,3271.1m $40.2m $40.2m 0.00% Added +720.7k +720,687
32 Munro Partners 1.44% of their portfolio MELBOURNE, C3 1,132,0901.1m $40.1m $40.1m 1.44% Reduced -372.2k -372,240
33 APEIRON CAPITAL Ltd 19.75% of their portfolio HONG KONG, K3 1,104,6401.1m $39.1m $39.1m 19.75% Added +18.7k +18,718
34 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 1,087,1671.1m $38.5m $38.5m 0.01% New
35 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 979,631979.6k $34.7m $34.7m 0.03% Added +2.4k +2,390
36 VILLERE ST DENIS J & CO LLC 2.72% of their portfolio New Orleans, LA 964,165964.2k $34.1m $34.1m 2.72% Reduced -449.4k -449,388
37 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 956,164956.2k $33.8m $33.8m 0.01% Reduced -30.8k -30,788
38 FRED ALGER MANAGEMENT, LLC 0.16% of their portfolio NEW YORK, NY 939,126939.1k $33.2m $33.2m 0.16% Added +799.0k +799,025
39 CI INVESTMENTS INC. 0.13% of their portfolio TORONTO, Z4 900,415900.4k $31.9m $31.9m 0.13% Reduced -183.5k -183,465
40 Balyasny Asset Management L.P. 0.08% of their portfolio Chicago, IL 883,221883.2k $31.2m $31.2m 0.08% New
41 Hodges Capital Management Inc. 1.93% of their portfolio DALLAS, TX 846,316846.3k $29.9m $29.9m 1.93% Reduced -503.7k -503,665
42 BANQUE PICTET & CIE SA 0.31% of their portfolio GENEVA 73, V8 832,025832.0k $29.4m $29.4m 0.31% Reduced -800 -800
43 ZEVENBERGEN CAPITAL INVESTMENTS LLC 0.59% of their portfolio EDMONDS, WA 790,933790.9k $28.0m $28.0m 0.59% Reduced -12.5k -12,496
44 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 753,348753.3k $26.7m $26.7m 0.02% New
45 Amundi 0.01% of their portfolio Paris, I0 731,672731.7k $24.2m $24.2m 0.01% Added +610.6k +610,593
46 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 675,006675.0k $23.9m $23.9m 0.01% Reduced -101.3k -101,258
47 OGBORNE CAPITAL MANAGEMENT, LLC 5.85% of their portfolio SAN FRANCISCO, CA 658,365658.4k $23.3m $23.3m 5.85% Added +155.9k +155,949
48 MANE GLOBAL CAPITAL MANAGEMENT LP 1.97% of their portfolio NEW YORK, NY 657,012657.0k $23.2m $23.2m 1.97% New
49 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 639,625639.6k $22.6m $22.6m 0.02% Added +3.7k +3,676
50 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.05% of their portfolio LOS ANGELES, CA 638,445638.4k $22.6m $22.6m 0.05% Reduced -10.3k -10,287
51 Woodline Partners LP 0.20% of their portfolio San Francisco, CA 618,548618.5k $21.9m $21.9m 0.20% Added +183 +183
52 AXA S.A. 0.06% of their portfolio PARIS, I0 602,822602.8k $21.3m $21.3m 0.06% New
53 Manchester Global Management (UK) Ltd 3.56% of their portfolio LONDON, X0 573,750573.8k $20.3m $20.3m 3.56% Added +274.4k +274,350
54 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 525,478525.5k $18.6m $18.6m 0.03% Added +72.9k +72,859
55 Liontrust Investment Partners LLP 0.25% of their portfolio LONDON, X0 514,871514.9k $18.2m $18.2m 0.25% Added +9.4k +9,372
56 GATES FOUNDATION TRUST 0.04% of their portfolio KIRKLAND, WA 500,000500.0k $17.7m $17.7m 0.04% Unchanged
57 KEYSTONE INVESTORS PTE LTD 1.50% of their portfolio SINGAPORE, U0 487,467487.5k $17.2m $17.2m 1.50% Added +202.6k +202,567
58 Arnhold LLC 1.82% of their portfolio New York, NY 486,543486.5k $17.2m $17.2m 1.82% Unchanged
59 ThornTree Capital Partners LP 2.63% of their portfolio Boston, MA 441,444441.4k $15.6m $15.6m 2.63% Reduced -219.6k -219,616
60 WASATCH ADVISORS LP 0.08% of their portfolio SALT LAKE CITY, UT 418,952419.0k $14.8m $14.8m 0.08% New
61 HHLR ADVISORS, LTD. 0.32% of their portfolio GRAND CAYMAN, E9 411,400411.4k $14.6m $14.6m 0.32% Unchanged
62 GAM Holding AG 0.90% of their portfolio Zurich, V8 350,700350.7k $12.4m $12.4m 0.90% New
63 FIL Ltd 0.01% of their portfolio HAMILTON, D0 327,042327.0k $11.6m $11.6m 0.01% Reduced -53.9k -53,851
64 Rheos Capital Works Inc. 0.51% of their portfolio Tokyo, M0 300,000300.0k $10.6m $10.6m 0.51% New
65 Baltimore-Washington Financial Advisors, Inc. 0.66% of their portfolio Columbia, MD 298,920298.9k $10.6m $10.6m 0.66% Reduced -3.4k -3,351
66 Aragon Global Management, LP 4.64% of their portfolio MIAMI, FL 291,921291.9k $10.3m $10.3m 4.64% Unchanged
67 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 289,607289.6k $10.2m $10.2m 0.01% Reduced -81.7k -81,701
68 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 283,544283.5k $10.0m $10.0m 0.03% Added +41.8k +41,784
69 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 282,753282.8k $10.0m $10.0m 0.00% Added +269.9k +269,870
70 Walleye Capital LLC 0.11% of their portfolio NEW YORK, NY 279,080279.1k $9.9m $9.9m 0.11% Added +230.6k +230,564
71 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 264,640264.6k $9.4m $9.4m 0.00% Added +33.7k +33,712
72 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 261,294261.3k $9.2m $9.2m 0.01% Reduced -64.4k -64,437
73 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 246,229246.2k $8.7m $8.7m 0.01% Added +5.9k +5,935
74 KORNITZER CAPITAL MANAGEMENT INC /KS 0.16% of their portfolio SHAWNEE MISSION, KS 245,300245.3k $8.7m $8.7m 0.16% Added +236.2k +236,200
75 ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio Boston, MA 228,972229.0k $8.1m $8.1m 0.03% New
76 LMR Partners LLP 0.21% of their portfolio LONDON, X0 228,515228.5k $8.1m $8.1m 0.21% New
77 PEREGRINE CAPITAL MANAGEMENT LLC 0.23% of their portfolio MINNEAPOLIS, MN 224,325224.3k $7.9m $7.9m 0.23% New
78 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 219,196219.2k $7.8m $7.8m 0.00% Added +37.0k +36,960
79 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 214,688214.7k $7.6m $7.6m 0.00% Reduced -262.7k -262,730
80 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 203,025203.0k $7.2m $7.2m 0.00% Added +7.9k +7,874
81 Wealth High Governance Capital Ltda 1.58% of their portfolio SAO PAULO, D5 200,000200.0k $7.1m $7.1m 1.58% New
82 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 193,114193.1k $6.8m $6.8m 0.00% Reduced -27.4k -27,387
83 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 190,359190.4k $6.7m $6.7m 0.01% New
84 DE BURLO GROUP INC 0.89% of their portfolio BOSTON, MA 188,800188.8k $6.7m $6.7m 0.89% Reduced -111.9k -111,900
85 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 183,899183.9k $6.5m $6.5m 0.01% Added +20.3k +20,337
86 Stony Point Capital LLC 2.06% of their portfolio NEW YORK, NY 177,082177.1k $6.3m $6.3m 2.06% New
87 Norman Fields, Gottscho Capital Management, LLC 2.26% of their portfolio NEW YORK, NY 171,176171.2k $6.1m $6.1m 2.26% Reduced -2.2k -2,239
88 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 169,806169.8k $6.0m $6.0m 0.03% Added +140.8k +140,838
89 THORNBURG INVESTMENT MANAGEMENT INC 0.08% of their portfolio SANTA FE, NM 169,647169.6k $6.0m $6.0m 0.08% Reduced -4.2k -4,182
90 AZZAD ASSET MANAGEMENT INC /ADV 0.68% of their portfolio FALLS CHURCH, VA 164,107164.1k $5.8m $5.8m 0.68% Added +1.2k +1,190
91 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.04% of their portfolio NEW YORK, NY 162,965163.0k $5.8m $5.8m 0.04% Reduced -2.6k -2,600
92 ARMISTICE CAPITAL, LLC 0.15% of their portfolio NEW YORK, NY 159,709159.7k $5.7m $5.7m 0.15% Reduced -25.7k -25,749
93 Caisse de depot et placement du Quebec 0.01% of their portfolio Montreal, A8 158,000158.0k $5.6m $5.6m 0.01% Added +13.9k +13,865
94 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 156,817156.8k $5.5m $5.5m 0.01% Reduced -417.4k -417,432
95 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 144,616144.6k $5.1m $5.1m 0.02% Reduced -486.6k -486,593
96 PRENTISS SMITH & CO INC 3.52% of their portfolio BRATTLEBORO, VT 141,627141.6k $5.0m $5.0m 3.52% Reduced -2.3k -2,331
97 Renaissance Capital LLC 2.55% of their portfolio Stamford, CT 138,840138.8k $4.9m $4.9m 2.55% Added +4.0k +4,033
98 Shellback Capital, LP 0.32% of their portfolio Boston, MA 135,000135.0k $4.8m $4.8m 0.32% Reduced -45.0k -45,000
99 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 134,299134.3k $4.8m $4.8m 0.00% Reduced -3.5k -3,548
100 BOKF, NA 0.09% of their portfolio TULSA, OK 134,029134.0k $4.7m $4.7m 0.09% New