Avantor, Inc. bonds AVTR
Who owns Avantor, 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. AVTR 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 |
|---|---|---|---|---|---|---|---|---|---|
| U05247AB4 | 3.875% fixed | 2028-07-15 | EUR | 99.91 | 3.92% | — | 1 | $346K | Jul 2026 |
| BK4245605 | 3.875% fixed | 2028-07-15 | EUR | 99.91 | 3.92% | — | 1 | $867K | Jul 2026 |
| 05352TAA7 | 4.625% fixed | 2028-07-15 | USD | 98.65 | 5.36% | 115 bp | 41 | $164.9M | Jul 2026 |
| 05352TAB5 | 3.875% fixed | 2029-11-01 | USD | 95.41 | 5.43% | 116 bp | 38 | $98.1M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 2 | $14.6M | 97.73 | 5.12% | 88 bp | 1 |
| Jul 2026 | 4 | $264.2M | 99.28 | 5.40% | 116 bp | 41 |
| Jun 2026 | 4 | $335.0M | 99.47 | 5.26% | 112 bp | 86 |
| May 2026 | 3 | $179.1M | 98.86 | 5.35% | 132 bp | 36 |
| Apr 2026 | 4 | $261.5M | 99.17 | 5.38% | 155 bp | 43 |
| Mar 2026 | 4 | $301.1M | 98.40 | 5.77% | 203 bp | 86 |
| Feb 2026 | 4 | $183.5M | 99.37 | 5.15% | 162 bp | 35 |
| Jan 2026 | 4 | $269.6M | 99.57 | 5.01% | 138 bp | 45 |
| Dec 2025 | 4 | $358.2M | 99.64 | 4.96% | 140 bp | 99 |
| Nov 2025 | 4 | $174.8M | 99.39 | 5.09% | 151 bp | 38 |
| Oct 2025 | 4 | $270.8M | 99.10 | 5.27% | 171 bp | 45 |
| Sep 2025 | 6 | $522.3M | 99.81 | 5.24% | 166 bp | 95 |
| Aug 2025 | 4 | $172.2M | 99.14 | 5.22% | 151 bp | 44 |
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. 47 added, 38 cut, 4 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $61.5M | $60.0M | $0 |
| American High Income Trust | 2026-06-30 | $59.5M | $58.5M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $45.1M | $44.0M | $1.6M |
| Income Fund of America | 2026-07-31 | $43.5M | $42.0M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $32.0M | $31.2M | -$156K |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $28.2M | $27.9M | $368K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $28.3M | $27.8M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $20.2M | $19.6M | -$1.4M |
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $19.7M | $19.0M | -$5.0M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $19.0M | $18.7M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $18.9M | $18.6M | $3.3M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $19.1M | $18.5M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $17.6M | $17.4M | $1.0M |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $17.7M | $16.9M | $11.2M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $13.8M | $13.7M | -$965K |
| Guggenheim Limited Duration Fund Guggenheim Funds Trust | 2026-06-30 | $13.8M | $13.6M | $0 |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $12.6M | $12.4M | $8.3M |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $11.8M | $11.3M | $7.7M |
| JPMorgan Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $10.7M | $10.5M | $1.3M |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $10.0M | $9.9M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $9.9M | $9.8M | $0 |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $9.2M | $9.1M | $172K |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $8.7M | $8.6M | $0 |
| Invesco BulletShares 2028 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $8.5M | $8.4M | $1.4M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $7.0M | $6.8M | -$663K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): THE HARTFORD HIGH YIELD FUND ($2.7M), Mercer Opportunistic Fixed Income Fund ($675K), BlackRock Global Allocation Fund, Inc. ($156K), Opportunistic Fixed Income Fund ($130K), Opportunistic Fixed Income Trust ($130K), PIMCO Sector Fund Series - H ($75K).
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 | 2 | $45.1M | $44.0M | 0.15% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $32.0M | $31.2M | 0.19% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $20.2M | $19.6M | 0.26% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $18.9M | $18.6M | 0.16% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $13.8M | $13.7M | 0.28% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $10.7M | $10.5M | 0.12% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $9.2M | $9.1M | 0.41% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $8.5M | $8.4M | 1.21% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $7.0M | $6.8M | 0.20% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $6.8M | $6.7M | 0.42% |
| IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2026-07-31 | 1 | $5.1M | $5.1M | 1.11% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $4.6M | $4.5M | 0.19% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 2 | $4.1M | $4.0M | 0.24% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $4.0M | $3.9M | 0.15% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $3.5M | $3.4M | 0.05% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.25: safer than 40% of companies (38th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $11.01B |
| Debt barrier (short-term + ½ long-term debt) | $1.87B |
| Equity volatility (1 year) | 51.1% |
| Asset value / asset volatility (solved) | $12.80B / 44.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 116 bp spread prices in about 1.9% 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 = 1.91 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in AVTR'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 | 44 | $46.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 445 | $6.85B | 8 | $5.0M | 9 | $9.1M | 0 |
| 2026-03-31 | 409 | $4.52B | 10 | $72.8M | 10 | $4.8M | 0 |
| 2025-12-31 | 406 | $7.33B | 14 | $52.2M | 15 | $13.5M | 0 |
| 2025-09-30 | 447 | $7.90B | 16 | $14.8M | 14 | $15.8M | 0 |
| 2025-06-30 | 493 | $8.69B | 18 | $22.8M | 17 | $39.7M | 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.