Dentsu Group Inc. bonds 4324.T
Who owns Dentsu Group Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. 4324.T stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 60701AC84 | 4% floating | 2026-09-24 | USD | 100.02 | — | — | 3 | $8.0M | Jul 2026 |
| 60710T4K4 | 4.02% floating | 2026-10-14 | USD | 100.06 | — | — | 1 | $30.0M | May 2026 |
| 60688XBN9 | 4.395% fixed | 2029-04-16 | USD | 99.41 | 4.62% | 38 bp | 6 | $34.3M | Jul 2026 |
| 60688XBS8 | 4.46% floating | 2029-04-16 | USD | 100.54 | — | — | 3 | $31.4M | Jul 2026 |
| 60688XBP4 | 4.7% fixed | 2031-04-16 | USD | 99.35 | 4.85% | 53 bp | 5 | $12.1M | Jul 2026 |
| 60688XBT6 | 4.71% floating | 2031-04-16 | USD | 101.69 | — | — | 3 | $33.7M | Jul 2026 |
| 60688XBQ2 | 5.185% fixed | 2036-04-16 | USD | 97.71 | 5.49% | 90 bp | 8 | $12.8M | Jul 2026 |
| 60688XBR0 | 5.772% fixed | 2046-04-16 | USD | 96.12 | 6.11% | 102 bp | 7 | $13.0M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 7 | $145.3M | 99.42 | 5.17% | 72 bp | 8 |
| Jun 2026 | 6 | $136.1M | 100.17 | 4.96% | 63 bp | 18 |
| May 2026 | 7 | $175.3M | 100.14 | 4.89% | 58 bp | 13 |
| Apr 2026 | 9 | $181.3M | 100.04 | 4.91% | 78 bp | 11 |
| Mar 2026 | 2 | $34.1M | 100.03 | — | — | 3 |
| Feb 2026 | 3 | $110.1M | 100.06 | — | — | 3 |
| Jan 2026 | 2 | $18.0M | 100.03 | — | — | 6 |
| Dec 2025 | 6 | $278.8M | 100.02 | — | — | 3 |
| Nov 2025 | 6 | $149.0M | 100.05 | 4.54% | 98 bp | 3 |
| Sep 2025 | 6 | $29.9M | 100.05 | — | — | 4 |
| Aug 2025 | 4 | $160.1M | 100.05 | — | — | 3 |
| Jul 2025 | 1 | $3.0M | 100.01 | — | — | 2 |
| Jun 2025 | 7 | $84.9M | 100.01 | — | — | 4 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 6 added, 8 cut, 68 new holders and 19 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VanEck IG Floating Rate ETF VanEck ETF Trust | 2026-07-31 | $30.8M | $31.2M | new |
| Goldman Sachs Tactical Tilt Overlay Fund GOLDMAN SACHS TRUST | 2026-05-31 | $30.0M | $30.0M | $0 |
| JPMorgan Short Duration Bond Fund JPMorgan Trust II | 2026-05-31 | $28.2M | $28.2M | new |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $27.1M | $27.1M | new |
| iShares Floating Rate Bond ETF iShares Trust | 2026-07-31 | $26.1M | $26.4M | $13.6M |
| iShares Ultra Short Duration Bond Active ETF iShares U.S. ETF Trust | 2026-07-31 | $18.4M | $18.2M | $0 |
| AST Investment Grade Bond Portfolio Advanced Series Trust | 2026-06-30 | $15.6M | $15.5M | new |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $14.5M | $14.5M | new |
| JPMorgan Strategic Income Opportunities Fund JPMorgan Trust I | 2026-05-31 | $13.9M | $13.9M | new |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $13.4M | $13.4M | new |
| State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF SPDR SERIES TRUST | 2026-06-30 | $11.2M | $11.3M | new |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $10.6M | $10.7M | new |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $10.2M | $10.2M | new |
| Capital Income Builder | 2026-07-31 | $10.0M | $9.9M | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $9.7M | $9.7M | new |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $8.6M | $8.4M | $3.9M |
| Fidelity Low Duration Bond Factor ETF Fidelity Merrimack Street Trust | 2026-05-31 | $7.7M | $7.8M | new |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $7.8M | $7.7M | new |
| VANGUARD LONG-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $7.9M | $7.6M | -$10.3M |
| Invesco Core Plus Bond Fund AIM Counselor Series Trust (Invesco Counselor Series Trust) | 2026-05-31 | $7.2M | $7.2M | new |
| Victory Pioneer Multi-Asset Ultrashort Income Fund Victory Portfolios IV | 2026-06-30 | $6.8M | $6.9M | new |
| THE HARTFORD BALANCED INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $6.9M | $6.8M | -$3.2M |
| Invesco Corporate Bond Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $6.6M | $6.6M | new |
| PIMCO Total Return Portfolio Brighthouse Funds Trust I | 2026-06-30 | $6.6M | $6.6M | new |
| Invesco Ultra Short Duration ETF Invesco Actively Managed Exchange-Traded Fund Trust | 2026-07-31 | $6.5M | $6.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Fidelity Conservative Income Bond Fund ($52.5M), Fidelity SAI Low Duration Bond Fund ($25.0M), PIMCO Short-Term Floating NAV Portfolio III ($20.5M), Janus Henderson Short Duration Income ETF ($20.0M), Putnam Ultra Short Duration Income Fund ($13.1M), PIMCO Short-Term Floating NAV Portfolio II ($8.1M), Allspring Core Bond Portfolio ($5.2M), VOYA INTERMEDIATE BOND FUND ($4.0M), iShares Short Duration Bond Active ETF ($3.0M), Fidelity Flex Conservative Income Bond Fund ($2.5M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| FLTR VanEck IG Floating Rate ETF | 2026-07-31 | 2 | $30.8M | $31.2M | 1.04% |
| FLOT iShares Floating Rate Bond ETF | 2026-07-31 | 2 | $26.1M | $26.4M | 0.26% |
| ICSH iShares Ultra Short Duration Bond Active ETF | 2026-07-31 | 1 | $18.4M | $18.2M | 0.22% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $14.5M | $14.5M | 0.07% |
| FLRN State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF | 2026-06-30 | 2 | $11.2M | $11.3M | 0.38% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $10.6M | $10.7M | 0.06% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $10.2M | $10.2M | 0.06% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $8.6M | $8.4M | 0.02% |
| FLDR Fidelity Low Duration Bond Factor ETF | 2026-05-31 | 2 | $7.7M | $7.8M | 0.48% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 1 | $6.5M | $6.5M | 0.17% |
| BKUI BNY Mellon Ultra Short Income ETF | 2026-06-30 | 1 | $5.0M | $5.0M | 0.87% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $4.0M | $4.0M | 0.36% |
| JBND JPMorgan Active Bond ETF | 2026-05-31 | 1 | $3.8M | $3.8M | 0.05% |
| UITB VictoryShares Core Intermediate Bond ETF | 2026-06-30 | 1 | $3.0M | $3.0M | 0.11% |
| JSCP JPMorgan Short Duration Core Plus ETF | 2026-05-31 | 1 | $2.2M | $2.2M | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.26: safer than 28% of companies (31th percentile in Communication Services). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $6.39B |
| Debt barrier (short-term + ½ long-term debt) | $1.75B |
| Equity volatility (1 year) | 56.9% |
| Asset value / asset volatility (solved) | $8.07B / 45.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 72 bp spread prices in about 1.2% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 0.95 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in 4324.T's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 1 | $430 | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1 | $350 | 0 | — | 0 | — | 0 |
| 2026-03-31 | 1 | $857 | 0 | — | 0 | — | 0 |
| 2025-12-31 | 1 | $5K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 2 | $6K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 2 | $11K | 0 | — | 0 | — | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.