Gf Fund Management 13F: Cuts Onto Innovation (ONTO) Stake by $14M
Key Points
- Gf Fund Management's reported position in Onto Innovation is now valued at about $56.3 million after the reduction.
- Gf Fund Management held 183,000 $ONTO shares at quarter end, down 19.74% from the prior quarter.
- The fund's holdings represent 1.33% of its total reported value, ranking 22nd among its 616 positions.
- As of October 27, ONTO was trading recently around $203.20, which is about 8.5% below its closing price of $222.14 on October 21.
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On October 26, 2026, Gf Fund Management reduced its stake in Onto Innovation Inc. (NYSE: ONTO) by 45,000 shares, bringing its total to 183,000 shares. This change is detailed in the fund's latest Form 13F filing with the SEC.
The reduction amounts to a 19.7% decrease in Gf Fund Management's position, which is now valued at approximately $56.3 million. The fund's reported value for all its holdings is about $4.25 billion, with Onto Innovation accounting for 1.33% of that total. This position ranks 22nd among the fund's 616 reported investments.
ONTO
Onto Innovation Inc.
Other Institutional Activity in Onto Innovation
Paradigm Capital Management reduced its holdings in Onto Innovation by 992 shares, leaving it with 1,101,438 shares valued at about $224.2 million. Point72 Asset Management also decreased its stake, selling 231,455 shares to hold 972,161 shares worth approximately $197.9 million.
Onto Innovation Inc. Stock Up 2.3%
As of October 27, 2026, Onto Innovation shares were recently trading around $203.20, which is about 8.5% below the closing price of $222.14 on October 21. The stock is currently well below its 50-day moving average of $275.21 and its 200-day average of $260.52. The shares are also 47.4% below their 52-week high of $386.46, but 70.8% above the 52-week low of $118.97.
Recent Earnings
Onto Innovation reported trailing twelve-month revenue of approximately $1.12 billion with an earnings per share (EPS) of $2.66. The next earnings report is expected on November 9, 2026.
Insider Buying and Selling at Onto Innovation Inc.
Two insiders sold shares earlier this year. Director Susan D. Lynch sold 1,000 shares at an average price of $302.30 on August 21, 2026, totaling $302,300. Director David B Miller sold 2,000 shares at $300.00 on September 29, 2026, for a total of $600,000.
Analysts Set New Price Targets
On August 7, 2026, Needham maintained a "Buy" rating with a price target of $360.00, while Evercore ISI Group also maintained an "Outperform" rating with a target of $390.00. Goldman Sachs initiated coverage with a "Buy" rating and a target of $400.00 on August 17, 2026.
About Onto Innovation
Onto Innovation Inc. designs and manufactures tools for process control in the semiconductor industry. The company is headquartered in Wilmington, MA, and serves customers globally, including in the U.S., Taiwan, and Europe. This recent reduction by Gf Fund Management highlights ongoing adjustments within the fund's portfolio as it navigates market conditions.
Bottom Line
Investors should keep an eye on the upcoming earnings report on November 9, 2026, as well as any further changes in Gf Fund Management's position in Onto Innovation. The recent sell-off may reflect broader market trends or company-specific developments that warrant attention.
Related Filing Alerts
Source: Gf Fund Management's 13F filing on $ONTO (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts