Brandywine Realty Trust bonds BDN
Who owns Brandywine Realty Trust'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. BDN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 105340AR4 | 8.3% fixed | 2028-03-15 | USD | 103.69 | 5.88% | 172 bp | 16 | $48.2M | Jul 2026 |
| 105340AS2 | 8.875% fixed | 2029-04-12 | USD | 104.93 | 6.84% | 259 bp | 52 | $131.4M | Jul 2026 |
| 105340AP8 | 4.55% fixed | 2029-10-01 | USD | 93.69 | 6.79% | 253 bp | 21 | $52.3M | Jul 2026 |
| 105340AT0 | 6.125% fixed | 2031-01-15 | USD | 96.04 | 7.18% | 287 bp | 44 | $77.0M | 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 | 4 | $308.9M | 99.86 | 6.82% | 256 bp | 52 |
| Jun 2026 | 4 | $183.7M | 99.83 | 6.61% | 246 bp | 29 |
| May 2026 | 4 | $308.7M | 98.78 | 6.70% | 266 bp | 28 |
| Apr 2026 | 4 | $314.6M | 98.54 | 6.97% | 314 bp | 55 |
| Mar 2026 | 4 | $191.9M | 96.41 | 7.86% | 411 bp | 35 |
| Feb 2026 | 4 | $304.6M | 100.19 | 6.47% | 292 bp | 31 |
| Jan 2026 | 4 | $306.8M | 101.31 | 6.15% | 251 bp | 51 |
| Dec 2025 | 4 | $195.5M | 101.33 | 6.05% | 247 bp | 37 |
| Nov 2025 | 4 | $296.6M | 102.19 | 5.92% | 235 bp | 33 |
| Oct 2025 | 4 | $308.0M | 103.67 | 5.84% | 222 bp | 52 |
| Sep 2025 | 4 | $206.4M | 102.94 | 5.96% | 234 bp | 38 |
| Aug 2025 | 3 | $265.7M | 106.35 | 5.69% | 195 bp | 30 |
| Jul 2025 | 3 | $211.2M | 106.30 | 6.20% | 229 bp | 46 |
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. 45 added, 29 cut, 12 new holders and 16 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 | $87.8M | $87.5M | $0 |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $64.0M | $63.2M | $0 |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $60.5M | $60.3M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $49.7M | $49.0M | $14.0M |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $41.1M | $42.8M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $38.6M | $38.5M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $37.0M | $38.4M | $4.5M |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $34.8M | $34.4M | $1.1M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $29.3M | $29.5M | $1.5M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $24.0M | $23.7M | -$11.4M |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $23.9M | $23.6M | -$2.6M |
| Fidelity SAI Total Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $19.8M | $19.7M | $0 |
| PIMCO Total Return Fund PIMCO FUNDS | 2026-06-30 | $18.4M | $17.5M | $0 |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $12.7M | $13.0M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.4M | $11.8M | $812K |
| THE HARTFORD STRATEGIC INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $10.8M | $10.9M | $2.7M |
| Fidelity Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $9.4M | $9.7M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $9.7M | $9.4M | $7.6M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $8.7M | $9.1M | $88K |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $8.8M | $8.8M | $1.4M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.7M | $8.7M | -$1.2M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $8.2M | $8.6M | $25K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $6.6M | $7.0M | -$2.4M |
| VIP Investment Grade Bond Portfolio Variable Insurance Products Fund V | 2026-06-30 | $6.9M | $6.9M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.0M | $6.3M | $2.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Hartford Dynamic Bond Fund ($18.7M), Lord Abbett Income Fund ($6.0M), Payden Limited Maturity Fund ($4.2M), RBC BlueBay High Yield Bond Fund ($3.0M), Nomura High Income Fund ($2.3M), Payden Low Duration Fund ($1.6M), Goldman Sachs Multi-Manager Non-Core Fixed Income Fund ($1.5M), Payden Corporate Bond Fund ($1.0M), Nomura VIP High Income Series ($720K), Hartford Dynamic Bond ETF ($270K).
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 |
|---|---|---|---|---|---|
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 2 | $34.8M | $34.4M | 1.13% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 4 | $29.3M | $29.5M | 0.10% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 2 | $23.9M | $23.6M | 1.46% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $11.4M | $11.8M | 0.10% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $8.7M | $9.1M | 0.06% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $8.7M | $8.7M | 0.18% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $8.2M | $8.6M | 0.11% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $6.0M | $6.3M | 0.09% |
| IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 2026-05-31 | 2 | $3.9M | $3.9M | 1.20% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 2 | $3.1M | $3.1M | 0.29% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 4 | $2.9M | $2.9M | 0.12% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.8M | $2.8M | 0.11% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $2.6M | $2.8M | 0.17% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $2.3M | $2.4M | 0.01% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 2 | $2.2M | $2.2M | 0.07% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 256 bp spread prices in about 4.3% 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
Not available.
The stock side: 13F filings
What institutions report holding in BDN'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 | 19 | $5.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 224 | $399.1M | 6 | $2.3M | 3 | $133K | 0 |
| 2026-03-31 | 213 | $275.8M | 6 | $3.1M | 4 | $166K | 0 |
| 2025-12-31 | 237 | $428.3M | 5 | $4.1M | 3 | $74K | 0 |
| 2025-09-30 | 245 | $604.7M | 4 | $2.9M | 3 | $175K | 0 |
| 2025-06-30 | 253 | $624.5M | 6 | $2.0M | 6 | $497K | 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.