APi Group Corporation bonds APG
Who owns APi Group Corporation'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. APG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 001877AA7 | 4.125% fixed | 2029-07-15 | USD | 96.02 | 5.61% | 135 bp | 18 | $16.2M | Jul 2026 |
| 00185PAA9 | 4.75% fixed | 2029-10-15 | USD | 97.69 | 5.54% | 128 bp | 27 | $45.3M | Jul 2026 |
| 001877AB5 | 5.75% fixed | 2034-06-01 | USD | 97.93 | 6.08% | 158 bp | 29 | $40.1M | 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 | 3 | $101.5M | 97.69 | 5.61% | 135 bp | 29 |
| Jun 2026 | 3 | $190.7M | 98.01 | 5.59% | 144 bp | 63 |
| May 2026 | 3 | $33.1M | 98.36 | 5.38% | 134 bp | 14 |
| Apr 2026 | 2 | $62.3M | 97.81 | 5.16% | 132 bp | 31 |
| Mar 2026 | 2 | $97.6M | 96.05 | 5.73% | 198 bp | 32 |
| Feb 2026 | 2 | $20.3M | 97.75 | 5.16% | 160 bp | 14 |
| Jan 2026 | 2 | $62.7M | 97.76 | 5.13% | 148 bp | 32 |
| Dec 2025 | 2 | $96.3M | 97.79 | 5.11% | 151 bp | 30 |
| Nov 2025 | 2 | $18.6M | 97.74 | 5.11% | 151 bp | 14 |
| Oct 2025 | 2 | $61.1M | 97.28 | 5.24% | 166 bp | 29 |
| Sep 2025 | 2 | $98.6M | 97.39 | 5.19% | 159 bp | 30 |
| Aug 2025 | 2 | $18.3M | 97.17 | 5.24% | 151 bp | 14 |
| Jul 2025 | 2 | $60.4M | 95.77 | 5.61% | 172 bp | 28 |
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. 44 added, 10 cut, 67 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $26.6M | $25.6M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $23.8M | $23.2M | $7.8M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $18.2M | $17.6M | $7.5M |
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $17.1M | $16.9M | new |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $17.3M | $16.6M | -$2.4M |
| Goldman Sachs High Yield Fund GOLDMAN SACHS TRUST | 2026-06-30 | $16.2M | $15.9M | $6.6M |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $12.2M | $12.1M | new |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $11.0M | $10.9M | new |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $10.8M | $10.5M | $0 |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $10.5M | $10.2M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $10.2M | $9.9M | $128K |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $9.0M | $8.8M | new |
| Goldman Sachs Income Builder Fund GOLDMAN SACHS TRUST | 2026-07-31 | $8.5M | $8.3M | $4.1M |
| MML Barings High Yield Fund MASSMUTUAL PREMIER FUNDS | 2026-06-30 | $8.4M | $8.1M | $3.1M |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $7.4M | $7.3M | new |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $6.5M | $6.4M | new |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $6.3M | $6.2M | new |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.7M | $4.7M | -$362K |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $4.7M | $4.6M | $0 |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $4.7M | $4.6M | $72K |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $3.9M | $3.8M | new |
| High Income Fund American Century Investment Trust | 2026-06-30 | $3.5M | $3.3M | $725K |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $3.2M | $3.1M | $2.0M |
| MFS High Yield Pooled Portfolio MFS Series Trust III | 2026-07-31 | $2.9M | $2.9M | $160K |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $2.6M | $2.6M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Eaton Vance Ltd Duration Income Fund ($2.5M), MFS MULTIMARKET INCOME TRUST ($869K), BondBloxx BB Rated USD High Yield Corporate Bond ETF ($339K), BlackRock Multi-Sector Income Trust ($296K), Voya Credit Income Fund ($275K), Harbor Ares Systematic Multi-Sector Income ETF ($200K), Janus Henderson Multi-Sector Income Fund ($175K), BNY Mellon High Yield ETF ($25K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 3 | $18.2M | $17.6M | 0.06% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $6.3M | $6.2M | 0.38% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $4.7M | $4.7M | 0.04% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $3.2M | $3.1M | 0.14% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $2.3M | $2.3M | 0.44% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $2.3M | $2.2M | 0.09% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $2.2M | $2.2M | 0.09% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $2.2M | $2.1M | 0.01% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.8M | $1.8M | 0.11% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $1.5M | $1.5M | 0.04% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $1.4M | $1.4M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.4M | $1.3M | 0.00% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 3 | $1.3M | $1.2M | 0.11% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 2 | $1.1M | $1.1M | 0.22% |
| HYBB iShares BB Rated Corporate Bond ETF | 2026-07-31 | 3 | $577K | $561K | 0.13% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.53: safer than 75% of companies (76th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $17.31B |
| Debt barrier (short-term + ½ long-term debt) | $1.91B |
| Equity volatility (1 year) | 29.9% |
| Asset value / asset volatility (solved) | $19.14B / 27.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 135 bp spread prices in about 2.2% 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'' = 1.83 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in APG'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 | 56 | $217.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 571 | $14.26B | 8 | $64.9M | 8 | $126.4M | 1 |
| 2026-03-31 | 559 | $10.92B | 6 | $15.7M | 9 | $95.7M | 0 |
| 2025-12-31 | 501 | $11.82B | 4 | $1.3M | 10 | $59.6M | 0 |
| 2025-09-30 | 468 | $10.37B | 2 | $1.8M | 8 | $27.4M | 0 |
| 2025-06-30 | 432 | $10.13B | 3 | $868K | 6 | $6.8M | 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.