Which funds own ON
On Semiconductor Corp in the Q2 2026 filings. At least 13 of the 89 current managers on file reported a position, worth $6.6bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 13
- at least, of 89 current
- Combined value
- $6.6bn
- as reported
- Opened
- 7
- new this quarter
- Added to
- 2
- already held
- Trimmed or sold out
- 11
- 7 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $5.4bn | 0.2% | 56,679,393 | +$1.8bn-1,478,948 | Trimmed |
| Two Sigma Investments LP Quantitative · $138bn book | $385m | 0.3% | 4,068,560 | +$109m-385,255 | Trimmed |
| Baillie Gifford & Co Long-only · $110bn book | $324m | 0.3% | 3,423,880 | +$58m-863,424 | Trimmed |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $152m | 0.2% | 1,606,182 | opened1,606,182 | New |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $144m | 0.2% | 1,517,790 | +$143m+1,511,699 | Added |
| Holocene Advisors LP Long/short equity · $44.4bn book | $96m | 0.2% | 1,010,241 | opened1,010,241 | New |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $54m | 0.3% | 44,895,000 | opened44,895,000 | New |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $50m | 0.2% | 27,250,000 | opened27,250,000 | New |
| Caxton Associates LLP Macro · $5.3bn book | $31m | 0.6% | 325,000 | +$30m+317,000 | Added |
| Soros Fund Management LLC Macro · $8.1bn book | $22m | 0.3% | 228,022 | opened228,022 | New |
| Discovery Capital Management LLC Macro · $2.4bn book | $15m | 0.6% | 162,300 | -$72m-1,247,000 | Trimmed |
| Oaktree Capital Management LP Activist · $7.2bn book | $1.5m | 0.0% | 1,250,000 | opened1,250,000 | New |
| Maverick Capital Ltd Long/short equity · $11.3bn book | $800k | 0.0% | 7,979 | opened7,979 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Sachem Head Capital Management LP · Activist$120m held before
- Voloridge Investment Management LLC · Quantitative$68m held before
- Point72 Asset Management LP · Multi-strategy$34m held before
- Brevan Howard Capital Management LP · Macro$17m held before
- Arrowstreet Capital LP · Quantitative$11m held before
- Walleye Capital LLC · Multi-strategy$4.9m held before
- Invesco Ltd · Long-only$2.6m held before
Last reported earlier
These managers’ latest filings are from an earlier quarter, so they are not counted above.
- Janus Henderson Group Ltd · Q1 2026$848m · 0.4%
What ON is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around ON →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.
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