Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

On Hldg AG (ONON)

491 + Investors. Track Smart Money conviction in ONON. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
2Q ▼
Buyers last Q
49%

Smart Money Signals — ONON

Based on 497 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their ONON positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
497 funds currently hold this stock — 94% of the 3.0-year high of 530 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding ONON is almost the same as a year ago (-6 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 49% buying

265 buying278 selling
Last quarter: 278 funds reduced or exited vs 265 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~92 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 92 → 123 → 88 → 92. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 30% medium ■ 25% new
224 out of 497 hedge funds have held ONON for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

101 → 92 → 123 → 88 → 92 new funds/Q
New funds entering each quarter: 92 → 123 → 88 → 92. ONON is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 52% veterans vs 33% newcomers

■ 52% veterans ■ 16% 1-2yr ■ 33% new
Entry-cohort mix of 547 holders: 282 (52%) are 2+ year veterans, 87 entered 1–2 years ago, and 178 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds
55 of 494 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in ONON. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ONON

In 2026 Q2, 265 hedge funds were net buyers of ONON (92 opened a new position, 173 added to an existing one), while 278 reduced or exited (181 trimmed, 97 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 42% of total institutional value in ONON is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 497.

Hedge Fund Ownership: ONON

How many hedge funds hold ONON — quarterly history vs. share price
Quarterly hedge fund ownership of ONON vs. share price

Market Analysis: ONON

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ONON

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

22 top-rated funds 6 high-conviction
Consensus
5.9
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: ONON
491 + Investors

Track Smart Money conviction in ONON. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 491 502 -2.19%
13F Shares 230M 226M 1.7%
Total Value $8.45B $7.64B 10.61%
New Positions 92 88 +4
Increased Positions 155 153 +2
Closed Positions 100 116 -16
Reduced Positions 172 192 -20
Total Calls 28 28 -
Total Puts 25 23 8.7%
PUT/CALL Ratio 0.89 0.82 Neutral

Statistics: ONON

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Institutional Holders (2026 Q2)

491 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ONON. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ONON holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sinvest Investments II Ltd. 100.00% 8,400,000 $297.5M
2 Platinum Paramount Investment LTD. 56.94% 11,312,048 $400.7M
3 APEIRON CAPITAL Ltd 18.11% 795,852 $28.2M
4 Darwins River Capital, LP 6.91% 355,720 $12.6M
5 Pertento Partners LLP 4.25% 2,228,412 $78.9M
6 Bwcp, LP 3.67% 724,443 $25.7M
7 ThornTree Capital Partners LP 3.24% 668,771 $23.7M
8 Lone Pine Capital LLC 2.88% 13,280,030 $470.4M
9 Towarzystwo Funduszy Inwestycyjnych Pzu SA 2.80% 280,142 $9.9M
10 Villere St Denis J & Co LLC 2.47% 583,236 $20.7M
11 Prentiss Smith & Co Inc 2.41% 123,947 $4.4M
12 Caden Capital Partners, LP 2.35% 5,505 $195K
13 Hook Mill Capital Partners, LP 2.21% 673,744 $23.9M
14 Ilex Capital Partners (UK) LLP 2.20% 3,028,301 $107.3M
15 Tabor Asset Management, LP 2.16% 199,776 $7.1M
16 Unison Asset Management LLC 2.13% 148,367 $5.3M
17 Abu Dhabi Investment Council Co P.J.S.C 2.00% 403,352 $14.3M
18 Mane Global Capital Management LP 1.59% 543,622 $19.3M
19 Norman Fields, Gottscho Capital Management, LLC 1.50% 139,537 $4.9M
20 Bulltick Wealth Management, LLC 1.31% 182,041 $6.4M
21 Manchester Global Management (UK) Ltd 1.26% 322,239 $11.4M
22 SMA Capital LLC 1.14% 76,417 $2.7M
23 Hodges Capital Management Inc. 1.02% 436,735 $15.5M
24 Sands Capital Management, LLC 0.98% 7,485,043 $265.1M
25 Arnhold LLC 0.97% 390,900 $13.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — On Hldg AG (ONON)

What does the Smart Money Trend signal show for ONON?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their ONON positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ONON?

More sellers than buyers — 49% buying: Last quarter: 278 funds reduced or exited vs 265 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ONON holders?

Elite ownership — 42% AUM from top-100 funds: 55 of 494 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in ONON. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ONON?

45% of holders stayed for 2+ years: 224 out of 497 hedge funds have held ONON for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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