Axalta Coating Systems Ltd. bonds AXTA
Who owns Axalta Coating Systems Ltd.'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. AXTA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 05454NAA7 | 4.75% fixed | 2027-06-15 | USD | 99.78 | 5.00% | 101 bp | 16 | $37.4M | Jul 2026 |
| 05453GAC9 | 3.375% fixed | 2029-02-15 | USD | 95.12 | 5.45% | 121 bp | 21 | $67.4M | Jul 2026 |
| 05455JAA5 | 7.25% fixed | 2031-02-15 | USD | 103.56 | 6.34% | 202 bp | 28 | $56.8M | 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 | $161.6M | 99.78 | 5.90% | 162 bp | 28 |
| Jun 2026 | 3 | $132.3M | 99.74 | 5.73% | 156 bp | 32 |
| May 2026 | 3 | $138.6M | 99.80 | 5.19% | 116 bp | 30 |
| Apr 2026 | 3 | $173.2M | 99.56 | 5.26% | 145 bp | 33 |
| Mar 2026 | 3 | $132.8M | 99.36 | 5.43% | 170 bp | 34 |
| Feb 2026 | 3 | $139.7M | 99.94 | 4.79% | 131 bp | 32 |
| Jan 2026 | 3 | $188.8M | 99.81 | 4.89% | 137 bp | 37 |
| Dec 2025 | 3 | $169.2M | 100.09 | 4.69% | 116 bp | 47 |
| Nov 2025 | 3 | $121.9M | 100.02 | 4.74% | 114 bp | 25 |
| Oct 2025 | 3 | $204.1M | 99.77 | 5.00% | 145 bp | 43 |
| Sep 2025 | 3 | $179.5M | 99.57 | 5.07% | 150 bp | 49 |
| Aug 2025 | 3 | $124.8M | 99.57 | 5.12% | 143 bp | 27 |
| Jul 2025 | 3 | $208.0M | 99.17 | 5.35% | 148 bp | 43 |
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. 25 added, 30 cut, 13 new holders and 23 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 | $53.0M | $51.7M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $25.5M | $25.4M | $0 |
| Income Fund of America | 2026-07-31 | $21.7M | $21.9M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $21.9M | $21.5M | -$8.9M |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $21.6M | $21.3M | $655K |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $18.6M | $18.4M | -$2.1M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $18.5M | $17.7M | -$625K |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $14.8M | $15.0M | $0 |
| American High Income Trust | 2026-06-30 | $12.6M | $12.8M | $0 |
| RBC BlueBay High Yield Bond Fund RBC Funds Trust | 2026-06-30 | $11.5M | $11.0M | $3.4M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $11.0M | $10.7M | $25K |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $9.9M | $9.7M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.7M | $9.5M | $2.2M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.8M | $8.9M | -$3.8M |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $7.8M | $8.0M | $0 |
| JPMorgan Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $7.9M | $7.7M | $1.1M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $7.2M | $7.6M | -$245K |
| Goldman Sachs High Yield Fund GOLDMAN SACHS TRUST | 2026-06-30 | $6.6M | $6.5M | $0 |
| Brigade High Income Fund ALPS SERIES TRUST | 2026-06-30 | $6.1M | $5.9M | $0 |
| Invesco BulletShares 2027 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.7M | $5.7M | $950K |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $5.3M | $5.5M | $0 |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $4.8M | $4.9M | $150K |
| Goldman Sachs Multi-Manager Non-Core Fixed Income Fund Goldman Sachs Trust II | 2026-07-31 | $4.8M | $4.8M | -$285K |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $4.7M | $4.8M | $438K |
| Greenspring Income Opportunities Fund Manager Directed Portfolios | 2026-06-30 | $4.3M | $4.3M | $3.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Columbia Strategic Income Fund ($1.8M), Fidelity High Income Fund ($1.2M), TCW METWEST HIGH YIELD BOND FUND ($1.2M), Fidelity SAI High Income Fund ($730K), SIMT Multi-Asset Income Fund ($642K), Neuberger High Yield Strategies Fund Inc. ($640K), Palmer Square Credit Opportunities ETF ($625K), Columbia Total Return Bond Fund ($390K), Goldman Sachs Income Fund ($325K), Columbia Variable Portfolio - Intermediate Bond Fund ($303K).
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 | $21.9M | $21.5M | 0.08% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $18.6M | $18.4M | 0.11% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $11.0M | $10.7M | 0.14% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $9.7M | $9.5M | 0.19% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $8.8M | $8.9M | 0.08% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $7.8M | $8.0M | 0.36% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 3 | $7.9M | $7.7M | 0.08% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $5.7M | $5.7M | 0.67% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 3 | $4.2M | $4.3M | 0.03% |
| IBHG iShares iBonds 2027 Term High Yield and Income ETF | 2026-07-31 | 1 | $4.3M | $4.3M | 0.84% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $3.6M | $3.6M | 0.15% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.5M | $3.5M | 0.10% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $3.4M | $3.4M | 0.13% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $2.5M | $2.6M | 0.03% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.8M | $1.8M | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.27: safer than 60% of companies (66th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $7.23B |
| Debt barrier (short-term + ½ long-term debt) | $1.79B |
| Equity volatility (1 year) | 31.9% |
| Asset value / asset volatility (solved) | $8.94B / 25.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 162 bp spread prices in about 2.7% 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
Altman Z = 2.37 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in AXTA'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 | 32 | $14.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 350 | $7.65B | 3 | $968K | 5 | $3.6M | 0 |
| 2026-03-31 | 363 | $5.53B | 4 | $5.9M | 4 | $886K | 0 |
| 2025-12-31 | 404 | $6.91B | 7 | $4.6M | 6 | $9.3M | 0 |
| 2025-09-30 | 383 | $6.13B | 2 | $1.5M | 5 | $3.8M | 0 |
| 2025-06-30 | 377 | $6.41B | 6 | $3.2M | 8 | $7.6M | 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.