BellRing Brands, Inc. bonds BRBR
Who owns BellRing Brands, 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. BRBR 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 |
|---|---|---|---|---|---|---|---|---|---|
| 07831CAA1 | 7% fixed | 2030-03-15 | USD | 98.88 | 7.36% | 307 bp | 36 | $154.6M | 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 | 1 | $154.6M | 98.88 | 7.36% | 307 bp | 36 |
| Jun 2026 | 1 | $188.9M | 100.01 | 6.99% | 282 bp | 43 |
| May 2026 | 1 | $30.5M | 99.32 | 7.20% | 312 bp | 18 |
| Apr 2026 | 1 | $150.4M | 101.56 | 6.54% | 266 bp | 33 |
| Mar 2026 | 1 | $166.0M | 100.08 | 6.98% | 319 bp | 38 |
| Feb 2026 | 1 | $18.9M | 102.07 | 6.41% | 281 bp | 15 |
| Jan 2026 | 1 | $158.6M | 102.78 | 6.22% | 252 bp | 38 |
| Dec 2025 | 1 | $177.6M | 103.42 | 6.06% | 242 bp | 46 |
| Nov 2025 | 1 | $15.4M | 103.23 | 6.13% | 250 bp | 14 |
| Oct 2025 | 1 | $158.8M | 103.14 | 6.17% | 255 bp | 38 |
| Sep 2025 | 1 | $202.1M | 103.32 | 6.14% | 251 bp | 45 |
| Aug 2025 | 1 | $16.8M | 103.48 | 6.11% | 235 bp | 15 |
| Jul 2025 | 1 | $159.5M | 103.77 | 6.05% | 212 bp | 35 |
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. 26 added, 17 cut, 15 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $88.6M | $88.5M | $10.8M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $30.0M | $30.0M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $21.2M | $21.0M | -$1.9M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $20.2M | $20.0M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $17.9M | $17.7M | $2.6M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $14.7M | $14.6M | $0 |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $11.3M | $11.2M | -$7.3M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $11.1M | $10.9M | new |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $10.9M | $10.8M | $0 |
| Invesco BulletShares 2027 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $9.6M | $9.5M | $1.6M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $8.2M | $8.1M | $0 |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $7.2M | $7.2M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.2M | $7.2M | $430K |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $6.9M | $6.9M | $0 |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $6.6M | $6.6M | new |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $6.4M | $6.4M | new |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $6.4M | $6.3M | $1.8M |
| High Yield Bond Core Fund Federated Hermes Core Trust | 2026-06-30 | $5.3M | $5.3M | $1.6M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.2M | $5.2M | $1.6M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.1M | $4.1M | -$1.6M |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $4.0M | $4.1M | new |
| Short Duration Bond Fund John Hancock Bond Trust | 2026-05-31 | $4.0M | $4.0M | $2.0M |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $3.8M | $3.7M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.7M | $3.7M | -$1.0M |
| THRIVENT CORE HIGH YIELD BOND FUND Thrivent Core Funds | 2026-07-31 | $3.2M | $3.1M | $2.4M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): GoldenTree Opportunistic Credit Fund ($1.1M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($156K), Virtus Seix High Yield MACS ($50K), American Beacon NIS Core Plus Bond Fund ($7K).
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 | $17.9M | $17.7M | 0.06% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $9.6M | $9.5M | 1.12% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $7.2M | $7.2M | 0.09% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $6.4M | $6.3M | 0.58% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $5.2M | $5.2M | 0.11% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $4.1M | $4.1M | 0.06% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $3.7M | $3.7M | 0.03% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $2.6M | $2.6M | 0.16% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.8M | $1.8M | 0.08% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.4M | $1.3M | 0.05% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $990K | $979K | 0.00% |
| SIHY Harbor Ares Systematic High Yield ETF | 2026-07-31 | 1 | $561K | $555K | 0.37% |
| IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 2026-07-31 | 1 | $553K | $547K | 0.35% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $356K | $353K | 0.06% |
| HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 2026-07-31 | 1 | $321K | $317K | 0.16% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.87: safer than 13% of companies (11th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.11B |
| Debt barrier (short-term + ½ long-term debt) | $567.6M |
| Equity volatility (1 year) | 76.9% |
| Asset value / asset volatility (solved) | $1.65B / 52.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 307 bp spread prices in about 5.1% 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 = 4.66 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BRBR'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 | 26 | $20.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 355 | $1.67B | 14 | $11.7M | 20 | $33.6M | 0 |
| 2026-03-31 | 357 | $1.77B | 14 | $19.3M | 17 | $39.5M | 0 |
| 2025-12-31 | 407 | $3.30B | 15 | $22.0M | 16 | $29.4M | 0 |
| 2025-09-30 | 426 | $4.50B | 17 | $26.7M | 23 | $88.8M | 0 |
| 2025-06-30 | 472 | $7.25B | 16 | $137.1M | 21 | $252.0M | 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.