Burlington Stores, Inc. bonds BURL
Who owns Burlington Stores, 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. BURL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 122017AD8 convertible | 1.25% fixed | 2027-12-15 | USD | 181.84 | — | — | 14 | $112.8M | 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 | 1 | $112.8M | 181.84 | — | — | 14 |
| Jun 2026 | 1 | $35.7M | 159.32 | — | — | 21 |
| May 2026 | 1 | $11.5M | 162.23 | — | — | 6 |
| Apr 2026 | 1 | $108.9M | 163.01 | — | — | 15 |
| Mar 2026 | 1 | $44.9M | 165.29 | — | — | 23 |
| Feb 2026 | 1 | $18.8M | 156.48 | — | — | 8 |
| Jan 2026 | 1 | $98.7M | 151.81 | — | — | 15 |
| Dec 2025 | 1 | $30.3M | 148.48 | — | — | 23 |
| Nov 2025 | 1 | $16.1M | 134.08 | — | — | 7 |
| Oct 2025 | 1 | $93.0M | 143.25 | — | — | 15 |
| Sep 2025 | 1 | $30.2M | 134.99 | — | — | 13 |
| Aug 2025 | 1 | $15.4M | 151.09 | — | — | 6 |
| Jul 2025 | 1 | $96.4M | 143.84 | — | — | 14 |
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. 11 added, 18 cut, 0 new holders and 5 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 | $42.3M | $76.9M | $0 |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $9.5M | $17.3M | $0 |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $7.2M | $11.6M | -$2.9M |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $5.9M | $9.4M | $1.5M |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $5.7M | $9.0M | $1.5M |
| Strategic Income Opportunities Fund John Hancock Funds II | 2026-05-31 | $4.2M | $6.9M | $0 |
| Putnam Convertible Securities Fund | 2026-07-31 | $2.4M | $4.4M | -$670K |
| Income Fund John Hancock Strategic Series | 2026-05-31 | $2.0M | $3.3M | $0 |
| Virtus Convertible & Income Fund | 2026-07-31 | $1.8M | $3.2M | $145K |
| Virtus Convertible & Income Fund II | 2026-07-31 | $1.4M | $2.6M | $115K |
| Virtus Equity & Convertible Income Fund | 2026-07-31 | $1.4M | $2.6M | $110K |
| Virtus Dividend, Interest & Premium Strategy Fund | 2026-07-31 | $1.4M | $2.5M | $105K |
| Virtus Diversified Income & Convertible Fund | 2026-07-31 | $1.1M | $1.9M | $90K |
| Empower High Yield Bond Fund EMPOWER FUNDS, INC. | 2026-06-30 | $907K | $1.4M | -$361K |
| Loomis Sayles Strategic Income Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $873K | $1.4M | -$231K |
| Voya Global Income & Growth Fund Voya Equity Trust | 2026-05-31 | $455K | $740K | -$170K |
| Strategic Income Opportunities Trust John Hancock Variable Insurance Trust | 2026-06-30 | $400K | $637K | $0 |
| First Trust SSI Strategic Convertible Securities ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $287K | $522K | $0 |
| Multi-Manager Alternative Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $235K | $381K | $0 |
| Empower Core Strategies: Flexible Bond Fund EMPOWER FUNDS, INC. | 2026-06-30 | $233K | $371K | -$59K |
| Miller Convertible Total Return ETF Miller Investment Trust | 2026-07-31 | $175K | $319K | $75K |
| Empower Multi-Sector Bond Fund EMPOWER FUNDS, INC. | 2026-06-30 | $181K | $288K | -$48K |
| Loomis Sayles Fixed Income Fund LOOMIS SAYLES FUNDS I | 2026-06-30 | $156K | $248K | -$39K |
| THRIVENT CONSERVATIVE ALLOCATION FUND Thrivent Mutual Funds | 2026-06-30 | $133K | $212K | -$47K |
| Putnam Diversified Income Trust | 2026-06-30 | $121K | $193K | -$66K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares Convertible Bond ETF ($4.7M), Invesco Convertible Securities Fund ($4.0M), Fidelity Convertible Securities Fund ($3.4M), Fidelity Strategic Dividend and Income Fund ($1.4M), Virtus Global Allocation Fund ($16K).
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 |
|---|---|---|---|---|---|
| FCVT First Trust SSI Strategic Convertible Securities ETF | 2026-07-31 | 1 | $287K | $522K | 0.52% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.78: safer than 64% of companies (62th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-08-01.
| Equity value | $16.46B |
| Debt barrier (short-term + ½ long-term debt) | $1.41B |
| Equity volatility (1 year) | 40.1% |
| Asset value / asset volatility (solved) | $17.81B / 37.1% |
| 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'' = 1.97 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BURL'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 | 52 | $96.6M | 0 | — | 0 | — | 1 |
| 2026-06-30 | 645 | $19.26B | 21 | $828.7M | 19 | $182.2M | 18 |
| 2026-03-31 | 611 | $17.56B | 23 | $654.5M | 18 | $100.9M | 15 |
| 2025-12-31 | 560 | $18.52B | 25 | $758.5M | 20 | $167.9M | 24 |
| 2025-09-30 | 532 | $16.31B | 25 | $810.4M | 19 | $248.9M | 25 |
| 2025-06-30 | 502 | $15.44B | 23 | $576.8M | 23 | $236.5M | 25 |
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.