Bessemer Group Inc. increased its stake in On Holding AG by 45.5% during the third quarter.
The firm now owns 1,211,586 shares of the footwear company. This holding represents 0.19% of On Holding's total shares. The stake was valued at over $51 million at the time of the SEC filing.
Bessemer Group's adjustment reflects a broader trend among institutional investors. Other hedge funds and institutional investors have also recently modified their holdings in On Holding.