ATI Inc. bonds ATI
Who owns ATI 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. ATI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 01741RAH5 | 5.875% fixed | 2027-12-01 | USD | 100.12 | 5.78% | 179 bp | 20 | $18.6M | Jun 2026 |
| 01741RAL6 | 4.875% fixed | 2029-10-01 | USD | 98.44 | 5.42% | 115 bp | 21 | $53.0M | Jul 2026 |
| 01741RAN2 | 7.25% fixed | 2030-08-15 | USD | 103.17 | 6.35% | 205 bp | 31 | $73.7M | Jul 2026 |
| 01741RAM4 | 5.125% fixed | 2031-10-01 | USD | 97.67 | 5.65% | 131 bp | 23 | $35.3M | Jul 2026 |
| 01741RAP7 | 5.875% fixed | 2033-06-15 | USD | 100.62 | 5.76% | 131 bp | 40 | $67.7M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $21.6M | 100.92 | 5.71% | 120 bp | 1 |
| Jul 2026 | 4 | $229.6M | 99.53 | 5.71% | 131 bp | 40 |
| Jun 2026 | 5 | $329.8M | 100.12 | 5.63% | 130 bp | 79 |
| May 2026 | 4 | $142.7M | 99.77 | 5.46% | 144 bp | 34 |
| Apr 2026 | 4 | $185.6M | 99.85 | 5.51% | 165 bp | 33 |
| Mar 2026 | 4 | $259.1M | 99.44 | 5.61% | 184 bp | 60 |
| Feb 2026 | 4 | $151.2M | 100.38 | 5.36% | 179 bp | 37 |
| Jan 2026 | 4 | $196.9M | 100.19 | 5.42% | 174 bp | 35 |
| Dec 2025 | 4 | $262.1M | 100.16 | 5.43% | 174 bp | 67 |
| Nov 2025 | 5 | $151.6M | 100.21 | 5.42% | 176 bp | 36 |
| Oct 2025 | 5 | $242.1M | 100.13 | 5.55% | 192 bp | 35 |
| Sep 2025 | 5 | $276.6M | 100.20 | 5.60% | 197 bp | 64 |
| Aug 2025 | 5 | $147.8M | 100.06 | 5.71% | 192 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. 68 added, 41 cut, 61 new holders and 17 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Income Fund of America | 2026-07-31 | $68.9M | $68.6M | $8.5M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $58.2M | $58.8M | $5.1M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $51.5M | $52.5M | $21.4M |
| American High Income Trust | 2026-06-30 | $49.6M | $49.8M | $5.5M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $38.8M | $40.1M | $8.5M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $34.7M | $34.9M | $0 |
| Allspring Diversified Capital Builder Fund ALLSPRING FUNDS TRUST | 2026-06-30 | $30.0M | $30.6M | $23.5M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $26.4M | $26.4M | $8.9M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $26.3M | $26.4M | $3.9M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $21.8M | $21.8M | -$2.0M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $17.9M | $18.1M | $144K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $14.2M | $14.3M | $5.3M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $11.9M | $12.0M | $3.8M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $8.9M | $9.2M | $0 |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $8.7M | $8.7M | new |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $8.4M | $8.5M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $7.8M | $8.1M | $0 |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $6.6M | $6.6M | -$22K |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $5.9M | $6.1M | -$200K |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $6.1M | $6.1M | $0 |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $5.8M | $5.9M | $452K |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $5.7M | $5.6M | $112K |
| Greenspring Income Opportunities Fund Manager Directed Portfolios | 2026-06-30 | $5.3M | $5.3M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.7M | $4.8M | -$1.7M |
| Putnam High Yield Fund | 2026-05-31 | $4.4M | $4.5M | -$990K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Transamerica Multi-Asset Income ($4.0M), Putnam Diversified Income Trust ($2.9M), iShares iBonds 2027 Term High Yield and Income ETF ($1.6M), THE HARTFORD BALANCED INCOME FUND ($1.5M), THE HARTFORD HIGH YIELD FUND ($1.2M), High Yield Bond Fund ($893K), Putnam Master Intermediate Income Trust ($490K), Opportunistic Credit Fund ($285K), Putnam VT Diversified Income Fund ($280K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($265K).
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 | 4 | $21.8M | $21.8M | 0.08% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 5 | $14.2M | $14.3M | 0.13% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $5.7M | $5.6M | 0.25% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $4.7M | $4.8M | 0.10% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 4 | $4.3M | $4.3M | 0.17% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $3.6M | $3.7M | 0.02% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 4 | $2.9M | $3.0M | 0.12% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $2.8M | $2.9M | 0.04% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 3 | $2.5M | $2.5M | 0.05% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $1.9M | $2.0M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $1.8M | $1.8M | 0.00% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $1.3M | $1.3M | 0.04% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 4 | $992K | $996K | 0.19% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 3 | $850K | $868K | 0.01% |
| SCEC STERLING CAPITAL ENHANCED CORE BOND ETF | 2026-06-30 | 1 | $848K | $860K | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.72: safer than 71% of companies (72th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-28.
| Equity value | $25.78B |
| Debt barrier (short-term + ½ long-term debt) | $1.29B |
| Equity volatility (1 year) | 40.8% |
| Asset value / asset volatility (solved) | $27.01B / 39.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 131 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 = 5.93 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ATI'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 | 105 | $450.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 782 | $24.33B | 20 | $140.3M | 19 | $187.5M | 0 |
| 2026-03-31 | 659 | $15.64B | 20 | $77.3M | 19 | $159.1M | 0 |
| 2025-12-31 | 554 | $14.19B | 16 | $83.1M | 19 | $153.5M | 1 |
| 2025-09-30 | 459 | $10.27B | 18 | $103.8M | 16 | $106.5M | 1 |
| 2025-06-30 | 461 | $11.37B | 16 | $209.3M | 16 | $90.6M | 1 |
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.