| 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, 514 institutional investors reported holding 195,708,689 shares of On Holding AG - Class A Ordinary Shares (ONON). This represents 66% of the company’s total 294,870,923 outstanding shares.
The largest institutional shareholders of On Holding AG - Class A Ordinary Shares (ONON) together control 47% 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 |
| 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 | |
| Balyasny Asset Management L.P. | 0.6% | 1,757,892 | +22641% | 0.15% | $81,706,820 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 195,708,689 | $9,096,866,084 | +$469,826,283 | $46.48 | 514 |
| 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 |