BorgWarner Inc. bonds BWA
Who owns BorgWarner 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. BWA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 099724AL0 | 2.65% fixed | 2027-07-01 | USD | 98.42 | 4.42% | 41 bp | 11 | $17.2M | Jul 2026 |
| 099724AC0 | 7.125% fixed | 2029-02-15 | USD | 105.14 | 5.01% | 88 bp | 2 | $1.1M | Jun 2026 |
| 099724AP1 | 4.95% fixed | 2029-08-15 | USD | 100.27 | 4.85% | 59 bp | 12 | $19.8M | Jul 2026 |
| 099724AN6 | 1% fixed | 2031-05-19 | EUR | 88.04 | 3.77% | — | 6 | $14.2M | Jul 2026 |
| 099724AQ9 | 5.4% fixed | 2034-08-15 | USD | 99.42 | 5.49% | 98 bp | 14 | $18.2M | Jul 2026 |
| 099724AH9 | 4.38% fixed | 2045-03-15 | USD | 80.46 | 6.16% | 112 bp | 5 | $791K | 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 | 5 | $70.3M | 98.42 | 5.49% | 98 bp | 14 |
| Jun 2026 | 6 | $107.7M | 99.45 | 5.01% | 74 bp | 24 |
| May 2026 | 4 | $96.6M | 99.70 | 4.84% | 63 bp | 20 |
| Apr 2026 | 5 | $72.7M | 98.03 | 4.86% | 84 bp | 13 |
| Mar 2026 | 6 | $103.4M | 99.49 | 5.04% | 108 bp | 25 |
| Feb 2026 | 4 | $99.7M | 100.50 | 4.46% | 68 bp | 19 |
| Jan 2026 | 5 | $65.8M | 98.14 | 4.63% | 76 bp | 13 |
| Dec 2025 | 6 | $106.4M | 100.18 | 4.40% | 84 bp | 24 |
| Nov 2025 | 4 | $90.7M | 100.13 | 4.57% | 78 bp | 20 |
| Oct 2025 | 5 | $64.2M | 97.69 | 4.63% | 86 bp | 13 |
| Sep 2025 | 6 | $107.5M | 99.79 | 4.36% | 79 bp | 25 |
| Aug 2025 | 4 | $87.6M | 99.55 | 4.77% | 82 bp | 19 |
| Jul 2025 | 5 | $62.0M | 96.64 | 4.96% | 85 bp | 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. 32 added, 17 cut, 7 new holders and 11 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $28.3M | $26.9M | $2.3M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $18.5M | $18.1M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $14.3M | $14.6M | -$3.2M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $14.2M | $14.1M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $13.9M | $13.2M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $14.5M | $12.5M | $0 |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $11.2M | $11.0M | $161K |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $10.7M | $10.8M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.6M | $10.5M | $910K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $9.1M | $9.1M | $165K |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $7.8M | $7.7M | -$42K |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $7.2M | $7.2M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.1M | $7.2M | -$25K |
| Thompson Bond Fund Thompson IM Funds, Inc. | 2026-05-31 | $6.9M | $7.0M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.1M | $6.9M | $2.8M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $4.8M | $4.8M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.7M | $4.7M | -$249K |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $4.6M | $4.7M | $0 |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $4.7M | $4.7M | $332K |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $4.5M | $4.5M | $0 |
| Angel Oak UltraShort Income ETF Angel Oak | 2026-07-31 | $4.0M | $3.9M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.1M | $3.9M | $10K |
| Invesco BulletShares 2029 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $3.7M | $3.7M | $15K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $3.3M | $3.2M | $945K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.0M | $3.1M | $10K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): DFA Commodity Strategy Portfolio ($1.5M), VOYA INTERMEDIATE BOND FUND ($1.4M), FlexShares Credit-Scored US Corporate Bond Index Fund ($480K), Multi-Manager Total Return Bond Strategies Fund ($411K), VANGUARD GLOBAL CREDIT BOND FUND ($355K), Virtus Seix Core Bond Fund ($223K), BlackRock Bond Income Portfolio ($205K), Virtus Seix Total Return Bond Fund ($174K), VOYA INTERMEDIATE BOND PORTFOLIO ($109K), BlackRock Core Bond Portfolio ($100K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $28.3M | $26.9M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $18.5M | $18.1M | 0.04% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $14.3M | $14.6M | 0.02% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $13.9M | $13.2M | 0.01% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $11.2M | $11.0M | 0.24% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $10.6M | $10.5M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $9.1M | $9.1M | 0.04% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $7.8M | $7.7M | 0.20% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $7.1M | $7.2M | 0.01% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $7.1M | $6.9M | 0.07% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 3 | $4.7M | $4.7M | 0.04% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $4.7M | $4.7M | 0.12% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 1 | $4.5M | $4.5M | 0.00% |
| UYLD Angel Oak UltraShort Income ETF | 2026-07-31 | 1 | $4.0M | $3.9M | 0.25% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $4.1M | $3.9M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.54: safer than 54% of companies (52th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $11.91B |
| Debt barrier (short-term + ½ long-term debt) | $1.94B |
| Equity volatility (1 year) | 40.5% |
| Asset value / asset volatility (solved) | $13.76B / 35.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 98 bp spread prices in about 1.6% 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 = 3.12 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BWA'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 | 88 | $84.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 803 | $13.51B | 17 | $106.8M | 27 | $176.0M | 0 |
| 2026-03-31 | 698 | $9.55B | 13 | $71.1M | 15 | $151.1M | 0 |
| 2025-12-31 | 657 | $9.57B | 10 | $11.2M | 12 | $68.1M | 0 |
| 2025-09-30 | 631 | $9.25B | 10 | $39.3M | 13 | $93.7M | 1 |
| 2025-06-30 | 579 | $7.18B | 10 | $29.9M | 11 | $37.5M | 1 |
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.