BioMarin Pharmaceutical Inc. bonds BMRN
Who owns BioMarin Pharmaceutical 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. BMRN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 09061GAK7 convertible | 1.25% fixed | 2027-05-15 | USD | 97.44 | — | — | 8 | $44.5M | Jul 2026 |
| BL5508363 | 0% fixed | 2031-01-29 | USD | — | — | — | 2 | $4.7M | Jun 2026 |
| 09061GAL5 | 5.5% fixed | 2034-02-15 | USD | 97.55 | 5.91% | 142 bp | 41 | $125.5M | 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 | 2 | $170.1M | 97.50 | 5.91% | 142 bp | 41 |
| Jun 2026 | 3 | $181.6M | 97.84 | 5.78% | 142 bp | 69 |
| May 2026 | 2 | $48.9M | 97.93 | 5.69% | 134 bp | 22 |
| Apr 2026 | 2 | $167.3M | 98.11 | 5.61% | 144 bp | 56 |
| Mar 2026 | 3 | $170.6M | 97.40 | 5.74% | 164 bp | 79 |
| Feb 2026 | 2 | $55.5M | 98.72 | 5.36% | 139 bp | 25 |
| Jan 2026 | 2 | $117.4M | 98.71 | 5.44% | 138 bp | 59 |
| Dec 2025 | 1 | $19.8M | 95.91 | — | — | 11 |
| Nov 2025 | 1 | $7.3M | 95.54 | — | — | 3 |
| Oct 2025 | 1 | $28.2M | 95.35 | — | — | 9 |
| Sep 2025 | 1 | $30.3M | 94.92 | — | — | 18 |
| Aug 2025 | 1 | $6.8M | 94.78 | — | — | 4 |
| Jul 2025 | 1 | $52.9M | 94.54 | — | — | 13 |
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. 30 added, 18 cut, 8 new holders and 40 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 | $56.0M | $54.6M | $5.6M |
| American High Income Trust | 2026-06-30 | $42.4M | $41.7M | $8.8M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $26.9M | $26.4M | $6.1M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $21.2M | $20.9M | $0 |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $19.6M | $19.1M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $17.2M | $16.8M | $1.8M |
| Income Fund of America | 2026-07-31 | $15.7M | $15.3M | $0 |
| American Funds Strategic Bond Fund | 2026-06-30 | $14.2M | $13.9M | $7.8M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $12.9M | $12.8M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $11.6M | $11.3M | $1.4M |
| Capital Income Builder | 2026-07-31 | $9.6M | $9.3M | $855K |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $8.7M | $8.5M | $2.0M |
| Miller Convertible Bond Fund Miller Investment Trust | 2026-07-31 | $8.0M | $7.8M | $7.0M |
| First Trust Smith Opportunistic Fixed Income ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $6.9M | $6.8M | $0 |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $6.9M | $6.8M | $1.7M |
| JPMorgan Strategic Income Opportunities Fund JPMorgan Trust I | 2026-05-31 | $6.8M | $6.6M | $0 |
| First Trust Smith Unconstrained Bond ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $6.4M | $6.3M | $0 |
| Bond Fund of America | 2026-06-30 | $5.5M | $5.4M | $265K |
| ALPS | Smith Core Plus Bond ETF ALPS ETF TRUST | 2026-05-31 | $4.9M | $4.8M | $0 |
| ALPS | Smith Total Return Bond Fund FINANCIAL INVESTORS TRUST | 2026-07-31 | $3.6M | $3.5M | -$3.2M |
| Miller Intermediate Bond Fund Miller Investment Trust | 2026-07-31 | $3.5M | $3.4M | -$500K |
| Capital Group Core Plus Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $3.3M | $3.2M | $955K |
| Inflation-Adjusted Bond Fund American Century Government Income Trust | 2026-06-30 | $3.2M | $3.1M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.1M | $3.0M | -$1.8M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $3.0M | $2.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Janus Henderson Multi-Sector Income Fund ($6.7M), CTIVP - American Century Diversified Bond Fund ($3.0M), Fidelity High Income Fund ($2.3M), Fidelity Total Bond Fund ($2.1M), Fidelity SAI High Income Fund ($2.0M), Global Bond Fund ($1.7M), FlexShares High Yield Value - Scored Bond Index Fund ($1.6M), iShares High Yield Systematic Bond ETF ($1.3M), STERLING CAPITAL ENHANCED CORE BOND ETF ($1.2M), Fidelity Total Bond ETF ($1.2M).
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 | 1 | $17.2M | $16.8M | 0.06% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $11.6M | $11.3M | 0.16% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $8.7M | $8.5M | 0.14% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 1 | $6.9M | $6.8M | 0.21% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $6.9M | $6.8M | 0.13% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $6.4M | $6.3M | 0.19% |
| SMTH ALPS | Smith Core Plus Bond ETF | 2026-05-31 | 1 | $4.9M | $4.8M | 0.18% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 1 | $3.3M | $3.2M | 0.04% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $3.1M | $3.0M | 0.03% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $2.5M | $2.5M | 0.07% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $2.5M | $2.4M | 0.03% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.7M | $1.7M | 0.07% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $1.1M | $1.0M | 0.00% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.0M | $1.0M | 0.04% |
| CGHY Capital Group High Yield Bond ETF | 2026-06-30 | 1 | $875K | $860K | 0.77% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.94: safer than 58% of companies (54th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $10.59B |
| Debt barrier (short-term + ½ long-term debt) | $2.42B |
| Equity volatility (1 year) | 34.4% |
| Asset value / asset volatility (solved) | $12.92B / 28.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 142 bp spread prices in about 2.4% 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'' = 2.74 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BMRN'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 | 56 | $147.1M | 0 | — | 1 | $30K | 1 |
| 2026-06-30 | 551 | $10.96B | 10 | $39.7M | 18 | $114.0M | 43 |
| 2026-03-31 | 542 | $9.14B | 14 | $66.6M | 19 | $96.0M | 39 |
| 2025-12-31 | 529 | $10.98B | 21 | $70.4M | 20 | $118.8M | 42 |
| 2025-09-30 | 568 | $9.61B | 17 | $55.9M | 20 | $86.9M | 46 |
| 2025-06-30 | 574 | $10.06B | 21 | $67.2M | 22 | $76.9M | 49 |
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.