On Holding AG
ONON- Exchange
- NYSE
- Industry
- Rubber & Plastics Footwear
- SEC CIK
- 0001858985
In the last 90 days, On Holding AG insiders filed 0 open-market purchases and 2 sales; 497 institutions reported holding it in 13F filings for Q2 2026, worth $7.43B in total; superinvestors Lone Pine Capital and Gates Foundation Trust hold it.
Key figures
- Market capADS ratio not in SEC data
- –
- Insider buysOpen market, last 90 days
- 0
- Insider sellsLast 90 days, $60.0K in total
- 2
- 13F holdersQ2 2026, +2 vs. previous quarter
- 497
- 13F valueReported value at the end of Q2 2026
- $7.43B
- Superinvestors holdingAt the end of Q2 2026
- 2
Price chart
Financials
See financial statementsFrom SEC filings, in CHF.
- Revenue, FY2025
- CHF 3.01B
- +30.0% year over year
- Net income, FY2025
- CHF 203.7M
- −15.9% year over year
- Free cash flow, FY2025
- CHF 286.6M
- −36.3% year over year
Revenue flow, FY2025
Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue.
Short interest
See short dataFrom FINRA, settlement date Oct 30, 2026.
- Short interest
- 29.3M
- Shares sold short
- Change
- −3.66M
- −11.1% vs. previous
- Days to cover
- 3.11
- At average daily volume
Superinvestors holding ONON, Q2 2026
Go to the superinvestors tab2 superinvestors report holding On Holding AG on Form 13F. Percentages are the stock's share of each portfolio.
Lone Pine Capital
Stephen Mandel
2.9%
On Holding AG's share of the portfolio
- Shares
- 13,280,030
- Value
- $470.4M
Latest insider trades
See all insider tradesOpen-market purchases and sales by On Holding AG insiders from Form 4, newest first.
| Filed (ET) | Trade date | Filing delay | Insider | Transaction | Shares | Avg price | Value | Holding change | Flags |
|---|---|---|---|---|---|---|---|---|---|
| Sep 9, 2026 (view filing)9:12 AM ET | Sep 8 | 1 day | Maguire Scott AndrewCOO | SSaleClass A shares | −1.48K | $27.74 | −$40.9K | −16.8%7.33K after | |
| Sep 9, 2026 (view filing)9:12 AM ET | Sep 8 | 1 day | Sluis FrankCFO | SSaleClass A Shares | −687 | $27.74 | −$19.1K | −40.8%997 after | |
| Aug 17, 2026 (view filing)8:24 AM ET | Aug 14 | 3 days | Bernhard OlivierExecutive Officer | PPurchaseClass A Shares | +65.0K | $30.67 | +$1.99M | +1.3%5.23M after | |
| Aug 17, 2026 (view filing)8:23 AM ET | Aug 14 | 3 days | Coppetti Caspar FelixExecutive Officer & Co-CEO | PPurchaseClass A Shares | +65.0K | $30.67 | +$1.99M | +2.7%2.44M after | |
| Jun 9, 2026 (view filing) | Jun 8 | 1 day | Maguire Scott AndrewCOO | SSaleClass A shares | −1.53K | $36.08 | −$55.3K | −23.4%5.03K after | |
| May 15, 2026 (view filing) | May 14 | 1 day | Coppetti Caspar FelixExecutive Officer & Co-CEO | PPurchaseClass A Shares | +60.0K | $36.63 | +$2.20M | +2.6%2.38M after | 2 lots |
| May 15, 2026 (view filing) | May 14 | 1 day | Bernhard OlivierExecutive Officer | PPurchaseClass A Shares | +60.0K | $36.63 | +$2.20M | +1.2%5.16M after | 2 lots |
| May 15, 2026 (view filing) | May 14 | 1 day | Allemann David MichaelExecutive Officer & Co-CEO | PPurchaseClass A Shares | +60.0K | $36.63 | +$2.20M | +2.2%2.84M after | 2 lots |
| Apr 28, 2026 (view filing) | Apr 27 | 1 day | Hoffmann MartinCEO | SSaleClass A Shares | −4.15K | $35.84 | −$148.7K | −0.3%1.39M after | 10b5-1 |
| Apr 21, 2026 (view filing) | Apr 20 | 1 day | Hoffmann MartinCEO | SSaleClass A Shares | −4.15K | $36.56 | −$151.7K | −0.3%1.39M after | 10b5-1 |
Top 10 13F holders, Q2 2026
See all 497 holdersThe largest institutional positions in On Holding AG at the end of Q2 2026; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Morgan Stanley | 20,447,122 | $724.2M | 0.04% | −2,019,240−9.0% | Reduced |
| Bamco Inc | 16,929,770 | $599.7M | 0.90% | +7,215,165+74.3% | Added |
| FMR LLC | 16,039,135 | $568.1M | 0.02% | −8,040,302−33.4% | Reduced |
| Lone Pine Capital LLCSuperinvestorLone Pine Capital | 13,280,030 | $470.4M | 2.88% | +13,280,030 | New |
| Platinum Paramount Investment Ltd. | 11,312,048 | $400.7M | 56.94% | 00.0% | Unchanged |
| Sinvest Investments II Ltd. | 8,400,000 | $297.5M | 100.00% | 00.0% | Unchanged |
| Sands Capital Management, LLC | 7,485,043 | $265.1M | 0.98% | +1,159,496+18.3% | Added |
| Citadel Advisors LLC | 7,100,157 | $251.5M | 0.14% | +3,253,000+84.6% | Added |
| BlackRock, Inc. | 5,535,923 | $196.1M | 0.00% | −227,339−3.9% | Reduced |
| Jane Street Group, LLC | 5,243,115 | $185.7M | 0.12% | +14,309+0.3% | Added |
Holders of 5% or more of ONON
See all 4 holders and filingsHolders whose latest Schedule 13D or 13G filing reports 5% or more of On Holding AG.
| Holder | Latest form | Stake | Change | First filed | Latest filing | Filing |
|---|---|---|---|---|---|---|
| Allemann David Michael | 13G/A | 12.90%43.2M shares | −1.00 ppfrom 13.90% | Feb 11, 20227 filings | Aug 12, 2026 | SEC |
| Sicupira Carlos Alberto | 13G/A | 6.60%19.8M shares | – | Jan 13, 20222 filings | Oct 31, 2024 | SEC |
| Bamco Inc | 13G | 5.65%16.9M shares | New | Aug 14, 20261 filing | Aug 14, 2026 | SEC |
| Morgan Stanley | 13G/A | 5.40%16.2M shares | −1.10 ppfrom 6.50% | Feb 9, 20244 filings | Nov 13, 2026 | SEC |
Politician trades
All politician trades in ONON1 member of Congress reported 2 trades in On Holding AG since 2020. Newest filings:
| Filed | Politician | Type | Amount |
|---|---|---|---|
| Mar 24, 2026 |  Angus S. King, Jr.I Senate · ME | Sell (full) | $1K-$15K |
| Aug 18, 2025 | Angus S. King, Jr.I Senate · ME | Buy | $1K-$15K |
I Senate · ME · Mar 24, 2026
Sell (full)$1K-$15K
I Senate · ME · Aug 18, 2025
Buy$1K-$15K