Arthur J. Gallagher & Co. bonds AJG
Who owns Arthur J. Gallagher & Co.'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. AJG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 04316JAK5 | 4.6% fixed | 2027-12-15 | USD | 100.03 | 4.57% | 46 bp | 22 | $127.3M | Jul 2026 |
| 04316JAL3 | 4.85% fixed | 2029-12-15 | USD | 100.03 | 4.84% | 57 bp | 30 | $58.8M | Jul 2026 |
| 04316JAA7 | 2.4% fixed | 2031-11-09 | USD | 87.49 | 5.14% | 79 bp | 5 | $2.8M | Jul 2026 |
| 04316JAM1 | 5% fixed | 2032-02-15 | USD | 99.16 | 5.18% | 81 bp | 14 | $34.1M | Jul 2026 |
| 04316JAD1 | 5.5% fixed | 2033-03-02 | USD | 100.76 | 5.36% | 93 bp | 8 | $18.5M | Jul 2026 |
| 04316JAF6 | 6.5% fixed | 2034-02-15 | USD | 105.93 | 5.53% | 104 bp | 13 | $38.4M | Jul 2026 |
| 04316JAH2 | 5.45% fixed | 2034-07-15 | USD | 99.62 | 5.51% | 100 bp | 11 | $18.6M | Jul 2026 |
| 04316JAN9 | 5.15% fixed | 2035-02-15 | USD | 97.33 | 5.55% | 101 bp | 19 | $42.7M | Jul 2026 |
| 363576AB5 | 3.5% fixed | 2051-05-20 | USD | 65.64 | 6.24% | 114 bp | 7 | $1.9M | Jul 2026 |
| 04316JAB5 | 3.05% fixed | 2052-03-09 | USD | 59.33 | 6.26% | 115 bp | 6 | $1.1M | Jul 2026 |
| 04316JAE9 | 5.75% fixed | 2053-03-02 | USD | 92.02 | 6.38% | 127 bp | 5 | $1.9M | Jul 2026 |
| 04316JAG4 | 6.75% fixed | 2054-02-15 | USD | 104.86 | 6.37% | 127 bp | 7 | $14.3M | Jul 2026 |
| 04316JAJ8 | 5.75% fixed | 2054-07-15 | USD | 92.67 | 6.31% | 121 bp | 7 | $5.6M | Jul 2026 |
| 04316JAP4 | 5.55% fixed | 2055-02-15 | USD | 90.01 | 6.31% | 121 bp | 14 | $10.3M | 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 | 14 | $376.1M | 98.25 | 5.54% | 103 bp | 30 |
| Jun 2026 | 14 | $738.7M | 99.74 | 5.24% | 87 bp | 56 |
| May 2026 | 14 | $516.3M | 99.69 | 5.24% | 85 bp | 35 |
| Apr 2026 | 14 | $371.0M | 99.65 | 5.27% | 107 bp | 29 |
| Mar 2026 | 14 | $731.7M | 99.74 | 5.25% | 110 bp | 57 |
| Feb 2026 | 14 | $591.4M | 101.21 | 4.94% | 93 bp | 36 |
| Jan 2026 | 14 | $401.5M | 100.97 | 5.01% | 91 bp | 30 |
| Dec 2025 | 14 | $825.6M | 101.10 | 4.98% | 95 bp | 67 |
| Nov 2025 | 14 | $569.7M | 101.28 | 4.91% | 92 bp | 36 |
| Oct 2025 | 14 | $405.5M | 100.97 | 4.96% | 98 bp | 31 |
| Sep 2025 | 14 | $869.5M | 101.11 | 4.96% | 92 bp | 76 |
| Aug 2025 | 14 | $607.6M | 100.61 | 5.09% | 93 bp | 37 |
| Jul 2025 | 14 | $398.5M | 99.89 | 5.21% | 89 bp | 36 |
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. 58 added, 62 cut, 11 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $120.1M | $119.7M | $7.7M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $103.8M | $99.0M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $101.4M | $93.4M | $4.4M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $44.2M | $44.8M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $42.7M | $39.0M | -$435K |
| MFS Income Fund MFS Series Trust VIII | 2026-07-31 | $37.0M | $37.1M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $36.5M | $36.1M | $1.4M |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $36.3M | $35.9M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $34.7M | $34.7M | $0 |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $32.4M | $32.4M | $0 |
| American Balanced Fund | 2026-06-30 | $30.3M | $30.4M | $0 |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $30.1M | $30.1M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $30.1M | $27.6M | -$15.3M |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $27.5M | $27.4M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $26.6M | $26.7M | -$249K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $26.6M | $26.6M | -$1.0M |
| Intermediate Bond Fund of America | 2026-05-31 | $25.6M | $25.7M | -$8.6M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $26.3M | $25.5M | $0 |
| Bond Fund of America | 2026-06-30 | $24.5M | $24.4M | $0 |
| PGIM Ultra Short Bond ETF PGIM ETF Trust | 2026-05-29 | $23.6M | $23.6M | $0 |
| First Trust Enhanced Short Maturity ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $23.0M | $23.0M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $21.2M | $21.3M | $295K |
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $19.9M | $21.0M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $19.4M | $19.3M | $1.8M |
| Capital Group Core Bond ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $18.1M | $18.2M | $4.3M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): American Funds Corporate Bond Fund ($9.4M), PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund ($3.1M), Oakmark Equity and Income Fund ($2.0M), Payden Low Duration Fund ($975K), iShares ESG Aware U.S. Aggregate Bond ETF ($815K), Oakmark Bond Fund ($750K), Advantage CoreAlpha Bond Master Portfolio ($440K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($380K), Core Bond Fund ($357K), Opportunistic Fixed Income Fund ($215K).
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 |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $120.1M | $119.7M | 0.17% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 13 | $101.4M | $93.4M | 0.02% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 14 | $42.7M | $39.0M | 0.03% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 6 | $36.5M | $36.1M | 0.07% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $30.1M | $27.6M | 0.09% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $26.6M | $26.7M | 0.05% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $26.6M | $26.6M | 0.15% |
| PULS PGIM Ultra Short Bond ETF | 2026-05-29 | 1 | $23.6M | $23.6M | 0.15% |
| FTSM First Trust Enhanced Short Maturity ETF | 2026-07-31 | 1 | $23.0M | $23.0M | 0.35% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $21.2M | $21.3M | 0.03% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 6 | $19.4M | $19.3M | 0.17% |
| CGCB Capital Group Core Bond ETF | 2026-06-30 | 1 | $18.1M | $18.2M | 0.33% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 14 | $18.5M | $17.6M | 0.10% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 2 | $15.5M | $15.6M | 1.03% |
| VNLA Janus Henderson Short Duration Income ETF | 2026-07-31 | 1 | $14.9M | $14.9M | 0.45% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 103 bp spread prices in about 1.7% 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
Not available.
The stock side: 13F filings
What institutions report holding in AJG'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 | 189 | $739.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,281 | $53.81B | 16 | $82.8M | 20 | $166.8M | 0 |
| 2026-03-31 | 1,231 | $41.86B | 18 | $71.8M | 21 | $169.4M | 0 |
| 2025-12-31 | 1,284 | $58.18B | 18 | $101.7M | 20 | $140.9M | 0 |
| 2025-09-30 | 1,331 | $68.36B | 20 | $108.3M | 19 | $227.8M | 0 |
| 2025-06-30 | 1,367 | $72.05B | 22 | $141.2M | 21 | $158.3M | 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.