Bath & Body Works, Inc. bonds BBWI
Who owns Bath & Body Works, 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. BBWI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 501797AN4 | 5.25% fixed | 2028-02-01 | USD | 99.95 | 5.28% | 115 bp | 15 | $20.4M | Jul 2026 |
| 501797AR5 | 7.5% fixed | 2029-06-15 | USD | 101.35 | 6.97% | 271 bp | 31 | $37.2M | Jul 2026 |
| 501797AW4 | 6.625% fixed | 2030-10-01 | USD | 101.62 | 6.18% | 187 bp | 54 | $108.5M | Jul 2026 |
| 532716AK3 | 6.95% fixed | 2033-03-01 | USD | 99.78 | 6.99% | 256 bp | 18 | $37.6M | Jul 2026 |
| 501797AL8 | 6.875% fixed | 2035-11-01 | USD | 101.12 | 6.71% | 214 bp | 49 | $75.3M | Jul 2026 |
| 501797AM6 | 6.75% fixed | 2036-07-01 | USD | 98.89 | 6.91% | 231 bp | 37 | $66.4M | Jul 2026 |
| 532716AN7 | 7.6% fixed | 2037-07-15 | USD | 98.62 | 7.79% | 314 bp | 11 | $13.0M | 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 | 7 | $358.4M | 99.95 | 6.91% | 231 bp | 54 |
| Jun 2026 | 7 | $375.8M | 100.78 | 6.72% | 225 bp | 56 |
| May 2026 | 7 | $186.0M | 100.09 | 6.92% | 245 bp | 26 |
| Apr 2026 | 7 | $362.0M | 98.69 | 7.07% | 280 bp | 52 |
| Mar 2026 | 8 | $322.0M | 99.11 | 7.11% | 305 bp | 54 |
| Feb 2026 | 7 | $172.3M | 100.48 | 6.70% | 255 bp | 28 |
| Jan 2026 | 8 | $382.4M | 101.00 | 6.78% | 255 bp | 54 |
| Dec 2025 | 8 | $353.8M | 100.93 | 6.70% | 262 bp | 63 |
| Nov 2025 | 8 | $188.2M | 100.17 | 6.87% | 277 bp | 31 |
| Oct 2025 | 8 | $423.4M | 103.15 | 6.27% | 226 bp | 59 |
| Sep 2025 | 8 | $397.1M | 102.77 | 6.25% | 224 bp | 70 |
| Aug 2025 | 8 | $191.8M | 102.32 | 6.33% | 222 bp | 35 |
| Jul 2025 | 8 | $419.5M | 102.29 | 6.47% | 213 bp | 56 |
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, 55 cut, 29 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $70.4M | $70.9M | $4.7M |
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $47.0M | $47.8M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $44.3M | $44.6M | $0 |
| Weitz Core Plus Income Fund Weitz Funds | 2026-06-30 | $41.4M | $41.6M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $31.4M | $31.6M | -$2.0M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $23.5M | $23.8M | -$1.4M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $22.8M | $23.4M | new |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $22.4M | $22.7M | $2.2M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $20.6M | $20.8M | $0 |
| American High Income Trust | 2026-06-30 | $20.2M | $20.4M | -$140K |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $19.0M | $19.1M | -$12.3M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $18.3M | $18.6M | -$625K |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $16.4M | $16.3M | -$2.0M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $15.2M | $15.3M | $285K |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $14.8M | $15.1M | $0 |
| Dimensional Global Core Plus Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $14.5M | $14.4M | $4.9M |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $14.1M | $14.1M | $375K |
| iMGP Dolan McEniry Corporate Bond Fund LITMAN GREGORY FUNDS TRUST | 2026-06-30 | $13.6M | $13.9M | $3.9M |
| Invesco BulletShares 2026 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $13.5M | $13.7M | $280K |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $12.8M | $13.1M | new |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $12.2M | $12.3M | $5.7M |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $11.9M | $12.1M | $3.0M |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $11.7M | $12.0M | $0 |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $11.5M | $11.6M | $0 |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $11.0M | $11.0M | $140K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Putnam High Yield Fund ($2.9M), LVIP Nomura High Yield Fund ($1.0M), Short Duration Income Fund ($945K), CANTOR FITZGERALD HIGH INCOME FUND ($870K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($759K), Thrivent Ultra Short Bond ETF ($500K), Putnam Multi-Asset Income Fund ($95K), BlackRock Global Allocation Fund, Inc. ($93K), Neuberger Flexible Credit Income ETF ($55K), State Street(R) My2030 High Yield Corporate Bond ETF ($35K).
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 | 6 | $70.4M | $70.9M | 0.25% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $23.5M | $23.8M | 0.15% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 6 | $22.4M | $22.7M | 0.20% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 2 | $16.4M | $16.3M | 1.01% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $15.2M | $15.3M | 0.20% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 2 | $14.5M | $14.4M | 0.43% |
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 1 | $14.1M | $14.1M | 0.46% |
| BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $13.5M | $13.7M | 1.33% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $12.2M | $12.3M | 0.25% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $6.6M | $6.5M | 0.40% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 6 | $6.5M | $6.5M | 0.27% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 6 | $6.3M | $6.3M | 0.25% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $5.5M | $5.6M | 0.16% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $5.3M | $5.3M | 0.24% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 3 | $5.2M | $5.2M | 0.04% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.23: safer than 51% of companies (58th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-08-01.
| Equity value | $6.14B |
| Debt barrier (short-term + ½ long-term debt) | $268.0M |
| Equity volatility (1 year) | 60.7% |
| Asset value / asset volatility (solved) | $6.40B / 58.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 231 bp spread prices in about 3.9% 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'' = 1.72 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BBWI'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 | 42 | $17.5M | 1 | $159K | 0 | — | 0 |
| 2026-06-30 | 455 | $4.72B | 14 | $45.3M | 16 | $77.6M | 0 |
| 2026-03-31 | 453 | $3.32B | 15 | $34.5M | 18 | $47.7M | 0 |
| 2025-12-31 | 434 | $3.93B | 19 | $127.4M | 20 | $88.5M | 0 |
| 2025-09-30 | 465 | $5.57B | 20 | $372.0M | 19 | $97.6M | 0 |
| 2025-06-30 | 466 | $5.98B | 25 | $336.5M | 20 | $99.8M | 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.