Analog Devices, Inc. bonds ADI
Who owns Analog Devices, 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. ADI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 032654AN5 | 3.5% fixed | 2026-12-05 | USD | 99.71 | 4.34% | 56 bp | 4 | $14.5M | Jul 2026 |
| 032654BA2 | 3.45% fixed | 2027-06-15 | USD | 99.31 | 4.26% | 26 bp | 1 | $3.2M | Jul 2026 |
| 032654BD6 | 4.25% fixed | 2028-06-15 | USD | 99.54 | 4.51% | 31 bp | 8 | $12.0M | Jul 2026 |
| 032654AU9 | 1.7% fixed | 2028-10-01 | USD | 94.11 | 4.58% | 36 bp | 14 | $12.8M | Jul 2026 |
| 032654BE4 | 4.5% fixed | 2030-06-15 | USD | 99.01 | 4.78% | 49 bp | 9 | $9.0M | Jul 2026 |
| 032654AV7 | 2.1% fixed | 2031-10-01 | USD | 87.21 | 4.93% | 59 bp | 11 | $8.0M | Jul 2026 |
| 032654AY1 | 4.25% fixed | 2032-10-01 | USD | 98.04 | 4.62% | 21 bp | 2 | $1.7M | Jul 2026 |
| 032654BB0 | 5.05% fixed | 2034-04-01 | USD | 99.07 | 5.20% | 71 bp | 7 | $7.1M | Jul 2026 |
| 032654AW5 | 2.8% fixed | 2041-10-01 | USD | 69.70 | 5.84% | 97 bp | 7 | $4.8M | Jul 2026 |
| 032654AK1 | 5.3% fixed | 2045-12-15 | USD | 91.50 | 6.05% | 97 bp | 3 | $1.1M | Jul 2026 |
| 032654AX3 | 2.95% fixed | 2051-10-01 | USD | 60.39 | 6.03% | 92 bp | 6 | $2.1M | Jul 2026 |
| 032654BC8 | 5.3% fixed | 2054-04-01 | USD | 90.51 | 6.01% | 90 bp | 7 | $6.0M | 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 | 12 | $82.4M | 96.08 | 5.06% | 65 bp | 14 |
| Jun 2026 | 11 | $305.4M | 96.23 | 4.86% | 50 bp | 30 |
| May 2026 | 12 | $269.9M | 98.01 | 4.59% | 42 bp | 21 |
| Apr 2026 | 12 | $78.7M | 97.20 | 4.56% | 57 bp | 14 |
| Mar 2026 | 12 | $336.4M | 97.31 | 4.54% | 63 bp | 32 |
| Feb 2026 | 12 | $253.4M | 99.74 | 4.12% | 38 bp | 20 |
| Jan 2026 | 12 | $80.9M | 98.47 | 4.33% | 48 bp | 15 |
| Dec 2025 | 12 | $412.4M | 98.48 | 4.31% | 53 bp | 31 |
| Nov 2025 | 12 | $333.5M | 99.17 | 4.16% | 45 bp | 21 |
| Oct 2025 | 12 | $75.9M | 99.00 | 4.28% | 55 bp | 14 |
| Sep 2025 | 12 | $429.5M | 99.00 | 4.25% | 53 bp | 32 |
| Aug 2025 | 12 | $343.5M | 97.85 | 4.30% | 40 bp | 20 |
| Jul 2025 | 12 | $74.3M | 97.54 | 4.50% | 48 bp | 15 |
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. 45 added, 35 cut, 5 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $96.1M | $80.7M | -$7.0M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $73.2M | $61.0M | -$5.6M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $45.4M | $41.9M | $5.5M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $34.9M | $34.8M | $6.3M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $35.5M | $31.8M | -$820K |
| Bond Fund of America | 2026-06-30 | $34.1M | $27.7M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $26.7M | $20.8M | $11.6M |
| American Balanced Fund | 2026-06-30 | $19.7M | $19.3M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.7M | $15.4M | $20K |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $14.9M | $14.8M | $4.2M |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $13.3M | $13.2M | $3.9M |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $13.2M | $12.8M | $150K |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $14.0M | $12.4M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $13.9M | $12.2M | $69K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.5M | $12.1M | -$95K |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $11.7M | $11.4M | $641K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.7M | $10.7M | -$4.7M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $11.4M | $10.6M | -$387K |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $13.5M | $10.3M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $12.9M | $9.6M | $2.1M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $10.7M | $9.4M | $2.4M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.3M | $9.1M | -$4.0M |
| AVE MARIA BOND FUND Schwartz Investment Trust | 2026-06-30 | $9.3M | $8.9M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $9.3M | $8.7M | $1.4M |
| Income Fund of America | 2026-07-31 | $8.6M | $8.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): NVIT Loomis Core Bond Fund ($6.9M), Multi-Manager Total Return Bond Strategies Fund ($5.3M), Global X Investment Grade Corporate Bond ETF ($2.9M), Nationwide Loomis Core Bond Fund ($1.7M), Catholic Responsible Investments Bond Fund ($1.2M), AST Core Fixed Income Portfolio ($750K), JPMorgan Core Bond Portfolio ($722K), AB Corporate Income Shares ($631K), EQ/Core Plus Bond Portfolio ($575K), Fidelity Environmental Bond Fund ($300K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 6 | $96.1M | $80.7M | 0.02% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $45.4M | $41.9M | 0.06% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $34.9M | $34.8M | 0.07% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 10 | $35.5M | $31.8M | 0.02% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $26.7M | $20.8M | 0.07% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $15.7M | $15.4M | 0.07% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $14.9M | $14.8M | 0.39% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 1 | $13.3M | $13.2M | 0.39% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 2 | $13.2M | $12.8M | 0.37% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $13.9M | $12.2M | 0.02% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 11 | $13.5M | $12.1M | 0.07% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 2 | $11.7M | $11.4M | 0.28% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $10.7M | $10.7M | 0.02% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $11.4M | $10.6M | 0.06% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $12.9M | $9.6M | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 10.12: safer than 82% of companies (81th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-08-01.
| Equity value | $191.35B |
| Debt barrier (short-term + ½ long-term debt) | $5.74B |
| Equity volatility (1 year) | 35.8% |
| Asset value / asset volatility (solved) | $196.84B / 34.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 65 bp spread prices in about 1.1% 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 = 8.74 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ADI'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 | 373 | $3.09B | 0 | — | 2 | $45K | 0 |
| 2026-06-30 | 2,280 | $168.74B | 49 | $2.07B | 49 | $2.01B | 0 |
| 2026-03-31 | 2,107 | $111.74B | 47 | $1.09B | 50 | $1.41B | 0 |
| 2025-12-31 | 1,966 | $113.35B | 47 | $1.32B | 47 | $1.55B | 0 |
| 2025-09-30 | 1,831 | $100.72B | 44 | $1.01B | 47 | $1.43B | 0 |
| 2025-06-30 | 1,771 | $99.72B | 48 | $1.32B | 49 | $1.42B | 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.