SCHEDULE: AllianceBernstein Discloses 3.3% Stake in On Holding AG

AllianceBernstein L.P. has filed an amended Schedule 13G, reporting a 3.3% beneficial ownership stake in On Holding AG's common stock.

Summary

• AllianceBernstein L.P. reported beneficial ownership of 9,756,483 shares of On Holding AG's Common Stock.
• This ownership represents 3.3% of the class of securities.
• The shares were acquired solely for investment purposes on behalf of client discretionary investment advisory accounts.
• AllianceBernstein L.P. holds sole voting power over 9,293,316 shares and sole dispositive power over 9,746,765 shares.
• Shared voting power is 0 shares, and shared dispositive power is 9,718 shares.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership by an institutional investor, providing no direct positive or negative performance indicators for the issuer.

Positives

• A significant institutional investor, AllianceBernstein L.P., holds a 3.3% stake in On Holding AG, potentially signaling confidence in the company's prospects.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership disclosure.

Industry Context

This filing indicates continued institutional investor interest in On Holding AG, with AllianceBernstein L.P., a major investment adviser, maintaining a significant stake. Such disclosures are common for publicly traded companies and reflect portfolio adjustments by large asset managers.

Stakeholder Impact

• Shareholders may view the continued significant stake by a major institutional investor like AllianceBernstein L.P. as a positive signal of confidence in On Holding AG's long-term value.

Key Dates

Keywords

On Holding AG, AllianceBernstein L.P., Schedule 13G, Common Stock, Institutional Ownership, Beneficial Ownership, Investment Adviser