Bill.com Holdings, Inc. bonds BILL
Who owns Bill.com Holdings, 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. BILL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 090043AD2 convertible | 0% none | 2027-04-01 | USD | 96.66 | — | — | 3 | $1.2M | Jul 2026 |
| 090043AF7 convertible | 0% none | 2030-04-01 | USD | 88.11 | — | — | 12 | $90.7M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | 2 | $91.9M | 92.39 | — | — | 12 |
| Jun 2026 | 2 | $33.7M | 91.53 | — | — | 8 |
| May 2026 | 2 | $10.4M | 92.33 | — | — | 5 |
| Apr 2026 | 2 | $108.3M | 92.44 | — | — | 12 |
| Mar 2026 | 2 | $39.1M | 92.44 | — | — | 7 |
| Feb 2026 | 2 | $20.9M | 94.59 | — | — | 7 |
| Jan 2026 | 2 | $141.9M | 92.72 | — | — | 15 |
| Dec 2025 | 2 | $41.4M | 93.39 | — | — | 9 |
| Nov 2025 | 2 | $32.0M | 92.91 | — | — | 7 |
| Oct 2025 | 2 | $133.6M | 91.49 | — | — | 12 |
| Sep 2025 | 1 | $37.3M | 89.09 | — | — | 12 |
| Aug 2025 | 1 | $16.0M | 85.81 | — | — | 5 |
| Jul 2025 | 3 | $108.6M | 91.49 | — | — | 16 |
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. 3 added, 13 cut, 1 new holders and 2 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Franklin Convertible Securities Fund Franklin Investors Securities Trust | 2026-07-31 | $32.8M | $28.9M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $28.6M | $25.2M | $3.5M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $20.7M | $17.9M | $2.5M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $15.9M | $14.1M | -$17.5M |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $14.0M | $12.3M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $8.4M | $7.2M | -$3.3M |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $8.1M | $6.9M | -$2.7M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $4.9M | $4.3M | $0 |
| JPMorgan Strategic Income Opportunities Fund JPMorgan Trust I | 2026-05-31 | $4.1M | $3.6M | $0 |
| Global Opportunities Portfolio | 2026-07-31 | $3.1M | $2.7M | $0 |
| Virtus Convertible & Income Fund | 2026-07-31 | $2.1M | $1.8M | -$760K |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $1.8M | $1.6M | -$220K |
| Virtus Convertible & Income Fund II | 2026-07-31 | $1.7M | $1.5M | -$600K |
| Virtus Equity & Convertible Income Fund | 2026-07-31 | $1.7M | $1.5M | -$665K |
| Virtus Dividend, Interest & Premium Strategy Fund | 2026-07-31 | $1.6M | $1.4M | -$650K |
| Virtus Diversified Income & Convertible Fund | 2026-07-31 | $1.2M | $1.1M | -$455K |
| JNL Multi-Manager Alternative Fund JNL Series Trust | 2026-06-30 | $1.0M | $880K | -$1.2M |
| Multi-Asset Strategy Fund RUSSELL INVESTMENT CO | 2026-07-31 | $709K | $685K | $0 |
| Franklin Alternative Strategies Fund Franklin Alternative Strategies Funds | 2026-05-29 | $516K | $460K | -$227K |
| Multi-Strategy Income Fund RUSSELL INVESTMENT CO | 2026-07-31 | $429K | $415K | $0 |
| Lazard Enhanced Opportunities Portfolio LAZARD FUNDS INC | 2026-06-30 | $464K | $408K | -$511K |
| Advent Convertible Bond ETF RBB Fund Trust | 2026-05-31 | $437K | $386K | $30K |
| 1290 VT Convertible Securities Portfolio EQ Advisors Trust | 2026-06-30 | $237K | $204K | $0 |
| PACE Alternative Strategies Investments PACE SELECT ADVISORS TRUST | 2026-07-31 | $195K | $175K | -$434K |
| Eaton Vance Income Opportunities ETF Morgan Stanley ETF Trust | 2026-06-30 | $190K | $165K | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Convertible Fund ($10.3M), Opportunistic Fixed Income Fund ($15K).
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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $28.6M | $25.2M | 0.35% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $20.7M | $17.9M | 0.29% |
| ACVT Advent Convertible Bond ETF | 2026-05-31 | 1 | $437K | $386K | 1.19% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $190K | $165K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.18: safer than 27% of companies (25th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.89B |
| Debt barrier (short-term + ½ long-term debt) | $992.5M |
| Equity volatility (1 year) | 59.3% |
| Asset value / asset volatility (solved) | $4.84B / 47.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = 1.51 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BILL'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 | $13.6M | 0 | — | 0 | — | 2 |
| 2026-06-30 | 331 | $3.48B | 16 | $70.7M | 20 | $205.3M | 49 |
| 2026-03-31 | 325 | $3.31B | 20 | $120.3M | 27 | $268.6M | 52 |
| 2025-12-31 | 355 | $5.76B | 24 | $132.5M | 28 | $443.3M | 49 |
| 2025-09-30 | 356 | $5.25B | 27 | $197.7M | 31 | $637.7M | 29 |
| 2025-06-30 | 363 | $3.94B | 25 | $83.9M | 25 | $255.5M | 33 |
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.