BWX Technologies, Inc. bonds BWXT
Who owns BWX Technologies, 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. BWXT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 05605HAB6 | 4.125% fixed | 2028-06-30 | USD | 97.53 | 5.50% | 129 bp | 34 | $87.0M | Jul 2026 |
| 05605HAC4 | 4.125% fixed | 2029-04-15 | USD | 96.02 | 5.73% | 148 bp | 29 | $90.1M | Jul 2026 |
| 05605HAD2 convertible | 0% none | 2030-11-01 | USD | 96.52 | — | — | 30 | $197.4M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $18.2M | 96.86 | 5.42% | 117 bp | 1 |
| Jul 2026 | 3 | $374.5M | 96.52 | 5.61% | 139 bp | 34 |
| Jun 2026 | 3 | $239.1M | 98.12 | 5.22% | 110 bp | 53 |
| May 2026 | 3 | $116.9M | 98.22 | 5.17% | 115 bp | 27 |
| Apr 2026 | 3 | $424.5M | 98.47 | 5.01% | 120 bp | 36 |
| Mar 2026 | 3 | $234.5M | 97.28 | 5.46% | 173 bp | 56 |
| Feb 2026 | 3 | $113.8M | 99.05 | 4.71% | 120 bp | 24 |
| Jan 2026 | 3 | $404.5M | 98.55 | 4.78% | 118 bp | 43 |
| Dec 2025 | 3 | $207.1M | 97.53 | 4.85% | 131 bp | 54 |
| Nov 2025 | 3 | $105.6M | 98.14 | 4.81% | 124 bp | 24 |
| Oct 2025 | 2 | $184.3M | 97.68 | 4.96% | 142 bp | 32 |
| Sep 2025 | 2 | $142.4M | 97.28 | 5.07% | 150 bp | 52 |
| Aug 2025 | 2 | $72.4M | 96.97 | 5.14% | 145 bp | 21 |
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. 55 added, 27 cut, 9 new holders and 21 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 | $73.3M | $70.8M | -$5.0M |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $26.3M | $25.4M | $4.1M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $25.9M | $25.0M | $0 |
| CALAMOS CONVERTIBLE & HIGH INCOME FUND | 2026-07-31 | $19.8M | $19.1M | -$1.0M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $18.4M | $18.9M | $2.1M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $19.2M | $18.7M | $3.8M |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $18.0M | $18.5M | $2.0M |
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $18.7M | $18.2M | $0 |
| CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND | 2026-07-31 | $18.5M | $17.9M | -$956K |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $18.2M | $17.6M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $17.4M | $17.0M | $232K |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $16.5M | $16.0M | $0 |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $15.6M | $16.0M | $1.5M |
| CALAMOS STRATEGIC TOTAL RETURN FUND | 2026-07-31 | $15.6M | $15.0M | -$1.2M |
| Calamos Dynamic Convertible & Income Fund | 2026-07-31 | $15.5M | $15.0M | -$261K |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $14.6M | $14.1M | $383K |
| Income Fund of America | 2026-07-31 | $13.8M | $13.3M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $12.6M | $12.9M | $2.0M |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $12.2M | $12.5M | $2.4M |
| Calamos Growth & Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $12.2M | $11.8M | $0 |
| American High Income Trust | 2026-06-30 | $11.8M | $11.5M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $10.8M | $10.6M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.2M | $10.0M | $762K |
| AQR Diversified Arbitrage Fund AQR Funds | 2026-06-30 | $9.7M | $10.0M | $0 |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $10.1M | $9.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration High Yield Fund ($13.4M), Calamos Global Dynamic Income Fund ($4.7M), Calamos Global Opportunities Fund ($3.2M), PIMCO Credit Opportunities Bond Fund ($1.6M), Simplify Opportunistic Income ETF ($1.5M), Defensive Market Strategies Fund ($1.3M), High Yield Bond Fund ($1.2M), CALAMOS GLOBAL TOTAL RETURN FUND ($1.1M), BlackRock Low Duration Bond Portfolio ($444K), Morningstar Alternatives Fund ($407K).
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 | $26.3M | $25.4M | 0.35% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $18.4M | $18.9M | 0.31% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $14.6M | $14.1M | 0.05% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $10.2M | $10.0M | 0.09% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $7.0M | $6.8M | 0.09% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $6.7M | $6.5M | 0.30% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $6.2M | $6.0M | 0.12% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $2.5M | $2.4M | 0.07% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $2.2M | $2.2M | 0.31% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $2.2M | $2.1M | 0.01% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $2.0M | $2.0M | 0.08% |
| VGHY VANGUARD HIGH-YIELD ACTIVE ETF | 2026-07-31 | 2 | $2.0M | $1.9M | 0.63% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $2.0M | $1.9M | 0.11% |
| FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2026-07-31 | 1 | $2.0M | $1.9M | 0.29% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $1.7M | $1.6M | 0.07% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.07: safer than 59% of companies (59th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $12.48B |
| Debt barrier (short-term + ½ long-term debt) | $1.01B |
| Equity volatility (1 year) | 45.2% |
| Asset value / asset volatility (solved) | $13.45B / 41.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 139 bp spread prices in about 2.3% 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 = 4.65 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BWXT'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 | $216.5M | 1 | $329K | 0 | — | 0 |
| 2026-06-30 | 838 | $15.85B | 15 | $148.4M | 18 | $525.9M | 0 |
| 2026-03-31 | 807 | $13.80B | 16 | $107.4M | 18 | $518.4M | 0 |
| 2025-12-31 | 739 | $13.19B | 17 | $102.0M | 18 | $450.4M | 1 |
| 2025-09-30 | 690 | $14.54B | 17 | $99.7M | 17 | $194.1M | 1 |
| 2025-06-30 | 638 | $11.43B | 16 | $68.2M | 21 | $191.8M | 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.