The Swiss athletic shoe and sportswear company's stock has fallen more than 20% in 2026.
ONON On Holding AG
XNYS
33.14
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
ONON
$33.14
—
Key stats
$33.14
Pre-market
$32.03
-3.44%
- 52-Week Range
- $26.36 – $51.08
- YTD
- -29.41%
- IV Rank (30D)
- 72.24
- Straddle Price
- $4.22
- P/C Vol Ratio
- 6.59
- Market Cap
- $10.9B
- Open
- $32.51
- Day Range
- $31.87 – $33.22
- Volume
- 5,110,415
- Prev Close
- $32.51
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.96% |
| Beta vs SPY | 1.52 |
| Cost of Equity (CAPM) | 13.32% (VRP-adj) |
| WACC | 13.47% |
| Volatility Risk Premium | +22.2pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Debt / Equity | 0.00 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $30.59 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $33.43 |
| Bollinger Width / SMA20 | 71.2% (drives anchor stability) |
| Net Debt | $-1.0B |
Peers used for multiples: ANF, CMG, CPNG, CVNA, DECK, NKE, RACE, VSXY
60-Day Conviction
45%
20-Day Fair Value
≈ by Nov 25, 2026
$33.90
α +2.2%
rank 33%
conviction
92%
40-Day Fair Value
≈ by Dec 24, 2026
$34.22
α +3.2%
rank 39%
conviction
88%
60-Day Fair Value
≈ by Jan 22, 2027
$33.62
α +1.4%
rank 40%
conviction
45%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 18.5× · 6 peers |
| Peer EV/EBITDA | n/a | 0% | median 11.3× · 6 peers |
| Peer P/B | n/a | 0% | median 7.3× · 7 peers |
| Peer P/S | n/a | 0% | median 1.2× · 7 peers |
| Market Anchor (SMA50) | $30.59 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $33.31 | 100% | 18 strikes · skew +0.34 |
As of 2026-10-27 · updated
Related
About
- Industry (SIC)
- RUBBER & PLASTICS FOOTWEAR (3021) · industry map
- Exchange
- XNYS
- Market Cap
- $10.9B
- Employees
- 1,230
- List Date
- 2021-09-15
- CIK
- 0001858985
- Next Earnings
- 2026-11-11
- EPS Forecast
- $0.42 (6 est.)
- Homepage
- https://www.on.com
Founded in Switzerland in 2010, sportswear firm On Holding generates more than 90% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of 2025 sales) and accessories (1%). The firm's merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -31.83% | 35.91% | -0.75% | 8.15% | -3.62% | 1.57% |
| Feb | -- | -14.20% | -7.99% | 30.67% | -17.16% | 1.18% | -1.50% |
| Mar | -- | 14.99% | 39.84% | 2.11% | -8.21% | -27.25% | 4.30% |
| Apr | -- | -2.58% | 4.04% | -9.85% | 12.67% | 2.42% | 1.34% |
| May | -- | -20.70% | -15.33% | 35.95% | 24.46% | 18.18% | 8.51% |
| Jun | -- | -16.24% | 21.46% | -5.92% | -11.99% | -10.62% | -4.66% |
| Jul | -- | 23.27% | 8.56% | 8.91% | -6.97% | 2.69% | 7.29% |
| Aug | -- | -9.91% | -19.87% | 16.72% | -4.15% | -24.90% | -8.42% |
| Sep | -13.91% | -17.61% | -4.82% | 8.86% | -5.45% | 6.78% | -4.36% |
| Oct | 12.00% | 4.70% | -1.72% | -3.91% | -9.30% | 9.83%* | 1.93% |
| Nov | 9.79% | 9.66% | 9.43% | 25.44% | 20.65% | -- | 14.99% |
| Dec | -3.18% | -10.76% | -10.87% | -6.42% | 4.03% | -- | -5.44% |
| Total | 2.49% | -59.20% | 48.50% | 138.34% | -2.59% | -30.58% | 16.16% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $33.43
SMA 50: $30.59
SMA 200: $36.91
Current: $33.17
EMA 12: $33.82
EMA 26: $32.88
MACD: 0.9377 | Signal: -0.2583
BULLISH
ADX (14): 32.69
TREND
+DI: 22.14
−DI: 26.74
Momentum Oscillators
RSI (14): 52.24
NEUTRAL
Stoch %K: 36.61
Stoch %D: 53.44
Williams %R: -69.12
Volume & Volatility
BB Upper: $37.41
BB Lower: $29.45
NEUTRAL
OBV: 68,578,305
Vol SMA 20: 9,508,504
Vol ROC: -42.10%
ATR: $1.16
True Range: $1.35
HV 20: 34.5%
HV 30: 36.8%
HV 60: 58.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary Overall assessment: NEUTRAL with confidence level (6/10) Key drivers and primary risks: + Technical indicators suggest a neutral trend, with SMA 20 providing support. + News sentiment is overwhelmingly positive, driving the stock price higher. * Primary risk: high volatility, as beta is above 1.4. 2-3 sentence investment thesis: On Holdings (ONON) appears to be in a range-bound environment, supported by its technical indicators and driven by positive news sentiment. However, the high volatility suggests that caution should be exercised when considering this stock.
Technical Analysis Trend Direction: Short-term is neutral, Medium-term is uptrend, Long-term is uncertain. Support/Resistance Levels: + SMA 20 provides support at $36.80 + Upper Bollinger Band at $38.79 serves as resistance Momentum Signals: * RSI (14) is neutral at 50.37 * MACD signal line is bearish, indicating a lack of momentum * Bollinger Bands are neutral, with the price touching the middle band
News & Sentiment Analysis Recent Headlines Summary: The news headlines highlight the potential growth opportunities in the activewear market and the positive sentiment surrounding ONON. Sentiment Assessment: The overall sentiment is POSITIVE, driven by the recent news articles.
Catalyst Identification: + Upcoming earnings release could provide further clarity on the company's performance Market Narrative: The technical signals are neutral, while the news sentiment is overwhelmingly positive. This divergence suggests caution should be exercised when considering this stock.
Risk & Volatility Assessment Beta Interpretation: High risk relative to the market, with a beta of 1.40. Volatility Regime: Current volatility is higher than historical levels, indicating a more uncertain environment. Options Market Signals: + IV Rank is Medium (42.9%) + Put/Call Volume Ratio is Bullish (0.31)
Market Context & Positioning Sector Performance: ONON's performance is relative to the overall market, with no clear sector leadership.
Institutional Activity: No specific institutional activity was noted.
Correlation Analysis: The stock moves relatively independently of the market, with an R-squared value of 0.39.
Relative Valuation: The stock is positioned within a trading range, with the Bollinger Bands providing support and resistance.
Key Levels & Action Items Critical Price Levels: + SMA 20 at $36.80 provides support + Upper Bollinger Band at $38.79 serves as resistance
Breakout/Breakdown Levels: + A breakout above the upper Bollinger Band could indicate a stronger uptrend, while a breakdown below the SMA 20 could signal increased volatility.
Time-Sensitive Catalysts: The upcoming earnings release could provide further clarity on the company's performance and drive price movements.
Risk Management: Consider stop-loss levels at $36.80 (SMA 20) and position sizing considerations based on the high volatility.
Additional Analysis Flag when key data sources are missing: Earnings information is not available. Note unusual technical readings that may indicate data issues: None noted. Highlight when news sentiment strongly contradicts technical signals: The positive news sentiment diverges from the neutral technical trend, suggesting caution should be exercised. Comment on data recency and market hours considerations: The data appears to be recent, with no significant market hours effects noted.
Generated
News
All ONON news →
On Holding just signed Kylian Mbappé and is launching into golf, but its own 2029 targets say the real growth engine is still running shoes.
ONON Options Activity & IV Rank
ONON IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 56.1%
7-DTE IV: 46.3%
Expected Move: $4.22
7-DTE Move: $1.25
Days to Exp: 32 (2026-11-27)
Options Flow
Call Volume: 83
Put Volume: 547
P/C Volume: 6.59
BEARISH
Call OI: 397
Put OI: 654
P/C OI: 1.647
Total OI: 1,051
ATM Options Pricing
ATM Call: $2.32
ATM Put: $1.90
Call %: 7.0%
Put %: 5.7%
Chain Summary
Chain Volume: 16,080
Chain OI: 395,382
Last Updated: 10/26/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 34th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
34%
vs own history
GEX tilt
+0.01
OI-weighted, today
Vanna tilt
+0.46
δ-sensitivity to IV
Charm tilt
-0.76
δ-decay vs time
Vanna tilt +0.46: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.76: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 114 ATM contracts, 117k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
3%
-3.2
pts
EXTREME
as of Oct 26 · ATM 48.1% / Wing 45.0%
30 DTE / 10d
34%
+5.1
pts
EXTREME
as of Oct 26 · ATM 54.0% / Wing 59.1%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)22.9LowOct 26
IV Rank (30 DTE)72.2MediumOct 26
Straddle Price (30 DTE)$4.22Oct 26
Beta Analysis
Risk Metrics
Beta: 1.3410
Alpha: -28.32%
Correlation: 0.3483
R-Squared: 12.1%
Stock Volatility: 49.1%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own ONON
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Lone Pine Capital Hedge fund Stephen Mandel | $470.4M | #21 of 34 | new | 13F | |
| Citadel Hedge fund Ken Griffin | $251.5M | #141 of 6285 | +84.6% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $72.5M | #450 of 3716 | +21.4% | 13F | |
| Gates Foundation Trust Foundation Bill Gates | $17.7M | #23 of 24 | 0.0% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $7.3M | #395 of 997 | -66.2% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $4.6M | #998 of 4729 | -6.4% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
ONON Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 292,252,861 (as of 2024-12-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
29 filers$366.27M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $109.61M | 29.93% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $47.29M | 12.91% | 2026-06-30 |
| 3 | Walleye Trading LLC | $35.85M | 9.79% | 2026-06-30 |
| 4 | Barclays PLC Custodian | $29.58M | 8.07% | 2026-06-30 |
| 5 | UBS Group AG Custodian | $27.81M | 7.59% | 2026-06-30 |
| 6 | Caption Management, LLC | $19.88M | 5.43% | 2026-06-30 |
| 7 | Citadel Advisors LLC Custodian | $18.19M | 4.97% | 2026-06-30 |
| 8 | Point72 Asset Management, L.P. | $17.28M | 4.72% | 2026-06-30 |
| 9 | Wolverine Trading, LLC Custodian | $14.72M | 4.02% | 2025-09-30 |
| 10 | Select Equity Group, L.P. | $13.74M | 3.75% | 2026-06-30 |
| 11 | PEAK6 LLC | $5.39M | 1.47% | 2026-06-30 |
| 12 | D. E. Shaw & Co., Inc. Custodian | $4.01M | 1.10% | 2026-06-30 |
| 13 | Jain Global LLC | $3.54M | 0.97% | 2026-06-30 |
| 14 | Goldman Sachs Group Inc Custodian | $3.51M | 0.96% | 2026-06-30 |
| 15 | CAPITAL FUND MANAGEMENT S.A. | $2.61M | 0.71% | 2026-06-30 |
| 16 | Qube Research & Technologies Ltd | $2.53M | 0.69% | 2026-06-30 |
| 17 | TUDOR INVESTMENT CORP ET AL | $1.71M | 0.47% | 2026-06-30 |
| 18 | Twin Tree Management, LP | $1.42M | 0.39% | 2026-06-30 |
| 19 | Citigroup Inc. Custodian | $1.24M | 0.34% | 2026-06-30 |
| 20 | Cubist Systematic Strategies, LLC | $1.24M | 0.34% | 2025-09-30 |
| 21 | Walleye Capital LLC | $1.23M | 0.34% | 2026-06-30 |
| 22 | Millennium Management LLC Custodian | $1.07M | 0.29% | 2026-06-30 |
| 23 | Two Sigma Investments, LP Custodian | $641.10K | 0.17% | 2026-06-30 |
| 24 | HSBC Holdings plc Custodian | $621.95K | 0.17% | 2026-06-30 |
| 25 | Squarepoint Ops LLC | $559.64K | 0.15% | 2026-06-30 |
26 filers$339.36M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $76.39M | 22.51% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $68.25M | 20.11% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $62.25M | 18.34% | 2026-06-30 |
| 4 | Walleye Trading LLC | $29.36M | 8.65% | 2026-06-30 |
| 5 | Point72 Asset Management, L.P. | $22.45M | 6.62% | 2026-06-30 |
| 6 | Barclays PLC Custodian | $20.54M | 6.05% | 2026-06-30 |
| 7 | UBS Group AG Custodian | $17.11M | 5.04% | 2026-06-30 |
| 8 | D. E. Shaw & Co., Inc. Custodian | $10.53M | 3.10% | 2026-06-30 |
| 9 | Wolverine Trading, LLC Custodian | $7.20M | 2.12% | 2025-09-30 |
| 10 | Jain Global LLC | $3.54M | 1.04% | 2026-06-30 |
| 11 | Twin Tree Management, LP | $3.45M | 1.02% | 2026-06-30 |
| 12 | Qube Research & Technologies Ltd | $2.98M | 0.88% | 2026-06-30 |
| 13 | Citigroup Inc. Custodian | $2.66M | 0.78% | 2026-06-30 |
| 14 | Squarepoint Ops LLC | $2.10M | 0.62% | 2026-06-30 |
| 15 | Walleye Capital LLC | $1.74M | 0.51% | 2026-06-30 |
| 16 | Millennium Management LLC Custodian | $1.49M | 0.44% | 2026-06-30 |
| 17 | TUDOR INVESTMENT CORP ET AL | $1.33M | 0.39% | 2026-06-30 |
| 18 | Cubist Systematic Strategies, LLC | $1.24M | 0.36% | 2025-09-30 |
| 19 | CAPITAL FUND MANAGEMENT S.A. | $1.12M | 0.33% | 2026-06-30 |
| 20 | Two Sigma Investments, LP Custodian | $974.05K | 0.29% | 2026-06-30 |
| 21 | PEAK6 LLC | $878.42K | 0.26% | 2026-06-30 |
| 22 | J. Goldman & Co LP | $796.95K | 0.23% | 2026-06-30 |
| 23 | Parallax Volatility Advisers, L.P. | $531.30K | 0.16% | 2026-06-30 |
| 24 | HSBC Holdings plc Custodian | $199.02K | 0.06% | 2026-06-30 |
| 25 | BNP Paribas Financial Markets Custodian | $194.81K | 0.06% | 2026-06-30 |
ONON Insider Trading (Form 4)
Latest: 2026-09-28Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-28 | Helena Helmersson | Director | Tax (F) | −633 | $30.16 | -$19.1K | EDGAR |
| 2026-09-28 | Dennis M Durkin | Director | Tax (F) | −723 | $30.16 | -$21.8K | EDGAR |
| 2026-09-28 | Laura Miele | Director | Tax (F) | −609 | $30.16 | -$18.4K | EDGAR |
| 2026-09-23 | Dennis M Durkin | Director | Award (A) | +2,892 | — | EDGAR | |
| 2026-09-23 | Amy Banse | Director | Award (A) | +2,433 | — | EDGAR | |
| 2026-09-23 | Helena Helmersson | Director | Award (A) | +2,433 | — | EDGAR | |
| 2026-09-23 | Laura Miele | Director | Award (A) | +2,433 | — | EDGAR | |
| 2026-09-23 | Alexandre Perez | Director | Award (A) | +2,892 | — | EDGAR | |
| 2026-09-09 | Scott Andrew Maguire | COO | Mixed | +2,297 | $27.74 | -$40.9K | EDGAR |
| 2026-09-09 | Frank Sluis | CFO | Mixed | +997 | $27.74 | -$19.1K | EDGAR |
| 2026-08-17 | Olivier Bernhard | Executive Officer | Buy (P) | +65,000 | $30.67 | $1.99M | EDGAR |
| 2026-08-17 | Caspar Felix Coppetti | Executive Officer & Co-CEO | Buy (P) | +65,000 | $30.67 | $1.99M | EDGAR |
| 2026-06-29 | Laura Miele | Director | Tax (F) | −434 | $36.92 | -$16.0K | EDGAR |
| 2026-06-29 | Helena Helmersson | Director | Tax (F) | −452 | $36.92 | -$16.7K | EDGAR |
| 2026-06-24 | Alexandre Perez | Director | Award (A) | +2,064 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
ONON Insider Holdings
11 insiders · @ $33.17
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Alexandre Perez | Director | 9,778,074 | $324.34M | $0 | 3 | 2026-09-23 |
| 2 | Olivier Bernhard | Executive Officer | 5,228,184 | $173.42M | $4.19M | 2 | 2026-08-17 |
| 3 | David Michael Allemann | Executive Officer & Co-CEO | 2,790,252 | $92.55M | $2.20M | 1 | 2026-05-15 |
| 4 | Caspar Felix Coppetti | Executive Officer & Co-CEO | 2,440,855 | $80.96M | $4.19M | 2 | 2026-08-17 |
| 5 | Martin Hoffmann | CEO | 1,385,099 | $45.94M | -$880.0K | 9 | 2026-04-28 |
| 6 | Dennis M Durkin | Director | 103,755 | $3.44M | $0 | 4 | 2026-09-28 |
| 7 | Amy Banse | Director | 81,914 | $2.72M | $0 | 3 | 2026-09-23 |
| 8 | Laura Miele | Director | 10,720 | $355.6K | $0 | 5 | 2026-09-28 |
| 9 | Scott Andrew Maguire | COO | 7,329 | $243.1K | -$96.3K | 2 | 2026-09-09 |
| 10 | Helena Helmersson | Director | 6,189 | $205.3K | $0 | 5 | 2026-09-28 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ONON Board & Officers
As of SEC filings through Sep 28, 2026Directors 8
- Alexandre Perez · since Mar 18, 2026
- Amy Banse · since Mar 18, 2026
- Caspar Felix Coppetti · since Mar 18, 2026
- David Michael Allemann · since Mar 18, 2026
- Dennis M Durkin · since Mar 18, 2026
- Helena Helmersson · since Mar 18, 2026
- Laura Miele · since Mar 18, 2026
- Olivier Bernhard · since Mar 18, 2026
Officers 5
- Caspar Felix Coppetti · Executive Officer & Co-CEO · listed since May 2026
- Frank Sluis · CFO · since May 1, 2026
- Scott Andrew Maguire · COO · since May 1, 2026
- David Michael Allemann · Executive Officer · since Mar 18, 2026
- Olivier Bernhard · Executive Officer · since Mar 18, 2026
Changes in the last 10 years (15)
| May 15, 2026 | Caspar Felix Coppetti listed as Executive Officer & Co-CEO (previously Executive Officer) in SEC filings |
| May 1, 2026 | Scott Andrew Maguire became COO |
| May 1, 2026 | Frank Sluis became CFO |
| Mar 18, 2026 | Olivier Bernhard became a director |
| Mar 18, 2026 | Olivier Bernhard became Executive Officer |
| Mar 18, 2026 | Martin Hoffmann became CEO |
| Mar 18, 2026 | Laura Miele became a director |
| Mar 18, 2026 | Helena Helmersson became a director |
| Mar 18, 2026 | Dennis M Durkin became a director |
| Mar 18, 2026 | David Michael Allemann became a director |
| Mar 18, 2026 | David Michael Allemann became Executive Officer |
| Mar 18, 2026 | Caspar Felix Coppetti became a director |
| Mar 18, 2026 | Caspar Felix Coppetti became Executive Officer |
| Mar 18, 2026 | Amy Banse became a director |
| Mar 18, 2026 | Alexandre Perez became a director |
Not reported recently (1)
- Martin Hoffmann · Last reported as CEO in an SEC filing dated Apr 28, 2026
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ONON Proposed Insider Sales (Form 144)
Latest: 2026-10-01
? Form 144 Guide
Last 30d:
1 filing
· $5.3M notice value
· Last 90d:
1 filing
· $5.3M notice value
· 1 unique filer
· 100% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Martin Hoffman (1, $5.3M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-01 | Martin Hoffman | Officer | 175,000 | $5.29M | 2026-10-01 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
| 2026-07-06 | Martin Hoffman | Officer | 53,950 | $1.99M | 2026-07-06 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
| 2026-06-09 | Marc Maurer | Officer | 100,000 | $3.83M | 2026-06-09 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-05-29 | Marc Maurer | Officer | 119,978 | $4.90M | 2026-05-29 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-05-27 | Martin Hoffmann | Officer | 25,000 | $990.5K | 2026-05-27 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-05-22 | Martin Hoffmann | Officer | 100,000 | $3.98M | 2026-05-22 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-05-15 | Marc Maurer | Officer | 399,620 | $14.89M | 2026-05-15 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-05-15 | Martin Hoffmann | Officer | 75,000 | $2.79M | 2026-05-15 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-05-13 | Martin Hoffmann | Officer | 50,000 | $1.77M | 2026-05-13 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-04-20 144/A | Marc Maurer | Officer | 6,250 | $210.4K | 2026-04-06 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
34 ETFs hold ONON
25 shown · $165.92M total exposure · 0.04% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IWP iShares Russell Mid-Cap Growth ETF | iShares (BlackRock) | 0.22% | $41.5M | $18.9B | 2026-10-23 |
| 2 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.05% | $30.9M | $57.3B | 2026-10-23 |
| 3 | IWF iShares Russell 1000 Growth ETF | iShares (BlackRock) | 0.02% | $27.6M | $123.5B | 2026-10-23 |
| 4 | VONG Vanguard Russell 1000 Growth ETF | Vanguard | 0.02% | $10.9M | — | 2026-09-30 |
| 5 | SPDW State Street® SPDR® Portfolio Developed World ex-US ETF | SPDR (State Street) | 0.03% | $10.1M | $40.7B | 2026-10-23 |
| 6 | JQUA JPMorgan U.S. Quality Factor ETF | JPMorgan | 0.07% | $6.8M | $9.5B | 2026-10-26 |
| 7 | VT Vanguard Total World Stock ETF | Vanguard | 0.01% | $5.8M | — | 2026-09-30 |
| 8 | IWB iShares Russell 1000 ETF | iShares (BlackRock) | 0.01% | $4.9M | $48.7B | 2026-10-23 |
| 9 | TMSL T. Rowe Price Small-Mid Cap ETF | Nport | 0.15% | $4.1M | — | 2026-06-30 |
| 10 | SMLF iShares U.S. Small-Cap Equity Factor ETF | iShares (BlackRock) | 0.08% | $3.4M | $4.2B | 2026-10-23 |
| 11 | MID American Century Mid Cap Growth Impact ETF | Nport | 2.88% | $2.9M | — | 2026-05-31 |
| 12 | ACMG American Century Mid Cap Growth Impact ETF | Nport | 2.88% | $2.9M | — | 2026-05-31 |
| 13 | AVDE Avantis International Equity ETF | Avantis | 0.01% | $2.3M | $19.2B | 2026-10-23 |
| 14 | IWV iShares Russell 3000 ETF | iShares (BlackRock) | 0.01% | $2.0M | $20.4B | 2026-10-23 |
| 15 | ESGV Vanguard ESG U.S. Stock ETF | Vanguard | 0.01% | $1.6M | — | 2026-10-23 |
| 16 | IYC iShares U.S. Consumer Discretionary ETF | iShares (BlackRock) | 0.13% | $1.6M | $1.2B | 2026-10-23 |
| 17 | VONE Vanguard Russell 1000 ETF | Vanguard | 0.01% | $1.2M | — | 2026-09-30 |
| 18 | VFQY Vanguard U.S. Quality Factor ETF | Vanguard | 0.22% | $1.2M | — | 2026-10-23 |
| 19 | GRIN VictoryShares International Free Cash Flow Growth ETF | Nport | 0.35% | $1.0M | — | 2026-06-30 |
| 20 | LRGF iShares U.S. Equity Factor ETF | iShares (BlackRock) | 0.02% | $805,273 | $3.7B | 2026-10-23 |
| 21 | QINT American Century Quality Diversified International ETF | Nport | 0.11% | $713,166 | — | 2026-05-31 |
| 22 | EQAL Invesco Russell 1000 Equal Weight ETF | Invesco | 0.07% | $602,995 | — | 2026-10-24 |
| 23 | VTHR Vanguard Russell 3000 ETF | Vanguard | 0.01% | $588,203 | — | 2026-09-30 |
| 24 | MSLC Morgan Stanley Pathway Large Cap Equity ETF | Nport | 0.01% | $349,338 | — | 2026-05-31 |
| 25 | PDN Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF | Nport | 0.05% | $167,646 | — | 2026-07-31 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (4 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '24 | 2024-12-31 | — | — | — | — |
| Q4 '23 | 2023-12-31 | — | — | — | — |
| Q4 '22 | 2022-12-31 | — | — | — | — |
| Q4 '21 | 2021-12-31 | — | — | — | — |
Q4 2024 • period ending 2024-12-31 • filed 2025-03-04
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
27.89M
SI % of Float
12.06%
Days to Cover
1.88
Short Vol Ratio
60.1%
Free Float
231.33M
Float %
76.7%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-08-12