Security Snapshot

On Holding AG - Class A Ordinary Shares (ONON) Institutional Ownership

CUSIP: H5919C104

13F Institutional Holders and Ownership History from Q3 2021 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

524

Shares (Excl. Options)

207,083,139

Price

$46.48

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Type / Class
Equity / Class A Ordinary Shares
Symbol
ONON on NYSE
Shares outstanding
294,870,923
Price per share
$34.02
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
207,083,139
Total reported value
$9,625,551,716
% of total 13F portfolios
0.01%
Share change
+8,233,305
Value change
+$448,420,355
Number of holders
524
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Quick Takeaways

  • ONON - On Holding AG - Class A Ordinary Shares is tracked under CUSIP H5919C104.
  • 524 institutions reported positions in Q4 2025.
  • 6 significant owners is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 524 to 59 between Q4 2025 and Q1 2026.
  • Reported value moved from $9,625,551,716 to $89,939,892.

Why This Matters

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Source Evidence

Source: SEC Form 13F

Latest holder context comes from 524 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP H5919C104?
CUSIP H5919C104 identifies ONON - On Holding AG - Class A Ordinary Shares in SEC 13F datasets.

Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.

Significant Owners of On Holding AG - Class A Ordinary Shares (ONON) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Allemann David Michael 14% -7.3% $2,461,860,406 -$198,344,954 45,329,781 -7.5% Martin Hoffmann 30 Jun 2025
FMR LLC 10% $1,506,110,628 28,935,843 FMR LLC 30 Jun 2025
Sicupira Carlos Alberto 6.6% $893,123,714 19,833,971 Sicupira Carlos Alberto 30 Sep 2024
MORGAN STANLEY 6.5% $905,813,989 19,166,610 Morgan Stanley 31 Dec 2025
ALLIANCEBERNSTEIN L.P. 3.3% -43% $413,187,055 -$302,802,034 9,756,483 -42% AllianceBernstein L.P. 30 Sep 2025
Maurer Marc 0.9% $154,003,228 2,835,633 Maurer Marc 30 Jun 2025

As of 31 Dec 2025, 524 institutional investors reported holding 207,083,139 shares of On Holding AG - Class A Ordinary Shares (ONON). This represents 70% of the company’s total 294,870,923 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of On Holding AG - Class A Ordinary Shares (ONON) together control 50% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
FMR LLC 10% 29,680,136 +2% 0.07% $1,379,532,721
MORGAN STANLEY 8.2% 24,119,871 +41% 0.07% $1,121,091,661
PLATINUM PARAMOUNT INVESTMENT LTD. 3.8% 11,312,048 0% 65% $525,783,991
ALLIANCEBERNSTEIN L.P. 3.8% 11,082,386 +14% 0.16% $515,109,301
Sinvest Investments II Ltd. 2.8% 8,400,000 0% 100% $390,432,000
SANDS CAPITAL MANAGEMENT, LLC 2.3% 6,635,050 -2% 0.94% $308,397,124
BlackRock, Inc. 2% 5,765,775 +2.7% 0% $267,993,222
BAMCO INC /NY/ 1.8% 5,405,486 +14% 0.68% $251,246,989
JPMORGAN CHASE & CO 1.4% 4,230,784 -23% 0.01% $196,646,853
UBS Group AG 1.2% 3,670,094 -44% 0.03% $170,585,969
AMERICAN CENTURY COMPANIES INC 1.1% 3,178,101 -22% 0.07% $147,718,134
CITADEL ADVISORS LLC 1% 3,078,451 +66% 0.1% $143,086,403
FengHe Fund Management Pte. Ltd. 1% 3,064,211 8% $142,424,527
AMERIPRISE FINANCIAL INC 1% 3,057,822 -7.9% 0.03% $142,642,024
WELLINGTON MANAGEMENT GROUP LLP 0.96% 2,845,123 -5.1% 0.02% $132,241,317
NORGES BANK 0.94% 2,771,645 0.01% $128,826,060
PRICE T ROWE ASSOCIATES INC /MD/ 0.93% 2,738,692 +120% 0.01% $127,295,000
JENNISON ASSOCIATES LLC 0.92% 2,699,144 -34% 0.08% $125,456,221
STATE STREET CORP 0.82% 2,426,930 +4.6% 0% $112,803,706
Holocene Advisors, LP 0.81% 2,399,372 0.24% $111,522,811
Clearbridge Investments, LLC 0.74% 2,179,978 +110% 0.08% $101,325,380
FRANKLIN RESOURCES INC 0.72% 2,126,297 +41% 0.02% $98,830,290
Robeco Institutional Asset Management B.V. 0.68% 2,003,000 +40% 0.13% $93,099,440
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.64% 1,887,234 0% 0.13% $87,719,000
Select Equity Group, L.P. 0.64% 1,873,818 0.4% $87,095,061

Institutional Holders of On Holding AG - Class A Ordinary Shares (ONON) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 2,644,201 $89,939,892 +$29,384,234 $34.02 59
2025 Q4 207,083,139 $9,625,551,716 +$448,420,355 $46.48 524
2025 Q3 176,938,345 $7,492,817,155 -$731,211,138 $42.35 486
2025 Q2 190,119,738 $9,889,721,430 +$1,015,123,233 $52.05 495
2025 Q1 172,308,803 $7,564,642,474 +$102,253,417 $43.92 469
2024 Q4 169,042,064 $9,260,700,686 -$456,716,295 $54.77 464
2024 Q3 176,440,292 $8,844,719,326 +$48,359,955 $50.15 412
2024 Q2 179,420,880 $6,959,959,140 +$232,284,613 $38.80 372
2024 Q1 174,306,652 $6,164,554,934 +$705,766,730 $35.38 330
2023 Q4 156,038,772 $4,208,647,434 +$633,370,124 $26.97 298
2023 Q3 131,500,417 $3,659,262,493 +$261,926,394 $27.82 283
2023 Q2 117,829,792 $3,888,198,824 +$247,874,899 $33.00 258
2023 Q1 110,867,800 $3,440,040,407 +$198,698,308 $31.03 214
2022 Q4 109,050,258 $1,871,387,426 +$26,784,528 $17.16 188
2022 Q3 107,484,207 $1,725,206,368 -$26,486,833 $16.05 164
2022 Q2 106,483,531 $1,883,700,836 +$227,960,034 $17.69 141
2022 Q1 92,235,744 $2,328,140,055 +$260,901,777 $25.24 128
2021 Q4 71,385,698 $2,683,440,787 -$1,761,492,457 $37.81 138
2021 Q3 117,901,269 $3,532,298,221 +$3,514,473,225 $30.13 122