Blackstone Secured Lending Fund bonds BXSL
Who owns Blackstone Secured Lending Fund'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. BXSL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 09261XAB8 | 2.75% fixed | 2026-09-16 | USD | 99.72 | 4.93% | 120 bp | 8 | $24.3M | Jul 2026 |
| 09261XAD4 | 2.125% fixed | 2027-02-15 | USD | 98.45 | 5.06% | 120 bp | 9 | $38.5M | Jul 2026 |
| BQ6378161 | 2.125% fixed | 2027-02-15 | USD | 98.12 | 5.21% | 143 bp | 1 | $285K | Jun 2026 |
| 09261XAH5 | 5.875% fixed | 2027-11-15 | USD | 100.73 | 5.27% | 117 bp | 9 | $10.4M | Jul 2026 |
| 09261XAJ1 | 5.35% fixed | 2028-04-13 | USD | 99.51 | 5.65% | 148 bp | 23 | $44.9M | Jul 2026 |
| 09261XAG7 | 2.85% fixed | 2028-09-30 | USD | 94.40 | 5.63% | 140 bp | 15 | $14.2M | Jul 2026 |
| 09261XAM4 | 5.25% fixed | 2029-09-04 | USD | 98.38 | 5.83% | 156 bp | 16 | $22.5M | Jul 2026 |
| 09261XAK8 | 5.3% fixed | 2030-06-30 | USD | 96.87 | 6.21% | 192 bp | 19 | $11.2M | Jul 2026 |
| 09261XAL6 | 5.125% fixed | 2031-01-31 | USD | 94.98 | 6.43% | 211 bp | 13 | $7.1M | Jul 2026 |
| 09261XAN2 | 5.9% fixed | 2031-05-21 | USD | 97.28 | 6.57% | 224 bp | 27 | $65.1M | 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 | 9 | $238.2M | 98.38 | 5.83% | 156 bp | 27 |
| Jun 2026 | 10 | $365.2M | 98.27 | 5.80% | 164 bp | 41 |
| May 2026 | 9 | $209.2M | 98.62 | 5.72% | 166 bp | 19 |
| Apr 2026 | 8 | $168.9M | 98.11 | 5.67% | 185 bp | 22 |
| Mar 2026 | 9 | $268.5M | 97.06 | 5.89% | 216 bp | 28 |
| Feb 2026 | 8 | $194.3M | 98.60 | 5.49% | 196 bp | 17 |
| Jan 2026 | 7 | $105.2M | 98.99 | 4.97% | 140 bp | 20 |
| Dec 2025 | 9 | $270.3M | 98.85 | 4.94% | 142 bp | 32 |
| Nov 2025 | 8 | $275.1M | 99.45 | 4.91% | 136 bp | 18 |
| Oct 2025 | 8 | $172.2M | 99.22 | 4.93% | 140 bp | 16 |
| Sep 2025 | 8 | $203.5M | 99.08 | 4.69% | 114 bp | 36 |
| Aug 2025 | 7 | $269.6M | 99.56 | 4.75% | 106 bp | 19 |
| Jul 2025 | 7 | $153.0M | 99.36 | 5.05% | 118 bp | 16 |
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. 60 added, 31 cut, 54 new holders and 9 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $59.9M | $58.9M | $19.0M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $53.2M | $52.0M | $645K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $36.5M | $35.6M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $26.7M | $26.1M | $668K |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $22.2M | $21.8M | -$15.6M |
| Bond Fund of America | 2026-06-30 | $20.7M | $20.4M | new |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $18.8M | $18.5M | $9.5M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $18.8M | $18.4M | $1.3M |
| PIMCO Total Return Fund PIMCO FUNDS | 2026-06-30 | $18.1M | $17.8M | $0 |
| American Balanced Fund | 2026-06-30 | $17.2M | $17.0M | new |
| Income Fund of America | 2026-07-31 | $17.4M | $16.9M | new |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $16.2M | $15.8M | -$2.0M |
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $15.2M | $15.0M | $6.3M |
| Transamerica Short-Term Bond TRANSAMERICA FUNDS | 2026-07-31 | $13.5M | $13.4M | $0 |
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $12.7M | $12.5M | new |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $12.2M | $12.3M | $0 |
| BlackRock Income Fund BlackRock Funds V | 2026-06-30 | $11.8M | $11.6M | new |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $12.0M | $11.6M | -$1.7M |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $11.5M | $11.5M | $3.2M |
| Janus Henderson Short Duration Income ETF Janus Detroit Street Trust | 2026-07-31 | $11.6M | $11.4M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $11.2M | $11.0M | new |
| The Bond Fund of America AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $11.1M | $10.9M | new |
| PGIM Short Duration Multi-Sector Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $11.1M | $10.8M | new |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $11.0M | $10.7M | $106K |
| BBH Limited Duration Fund BBH Trust | 2026-07-31 | $10.2M | $10.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): SIIT INTERMEDIATE DURATION CREDIT FUND ($4.0M), MML Barings Core Bond Fund ($2.7M), MML Managed Bond Fund ($2.2M), Invesco Core Plus Bond Fund ($1.9M), F/m Opportunistic Income ETF ($958K), AB GLOBAL BOND FUND, INC. ($604K), JNL/PPM America Investment Grade Credit Fund ($200K), Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF ($24K), iShares Government/Credit Bond ETF ($10K).
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 |
|---|---|---|---|---|---|
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $59.9M | $58.9M | 0.12% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 5 | $53.2M | $52.0M | 0.01% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 5 | $26.7M | $26.1M | 0.04% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $18.8M | $18.4M | 0.08% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 3 | $16.2M | $15.8M | 0.15% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 6 | $12.0M | $11.6M | 0.01% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $11.5M | $11.5M | 0.30% |
| VNLA Janus Henderson Short Duration Income ETF | 2026-07-31 | 1 | $11.6M | $11.4M | 0.34% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 2 | $11.0M | $10.7M | 0.31% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 1 | $10.0M | $10.0M | 0.29% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 2 | $9.6M | $9.3M | 0.23% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 7 | $7.8M | $7.6M | 0.07% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 2 | $7.4M | $7.3M | 0.19% |
| IBDW iShares iBonds Dec 2031 Term Corporate ETF | 2026-07-31 | 2 | $6.5M | $6.2M | 0.25% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $6.3M | $6.2M | 0.13% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 156 bp spread prices in about 2.6% 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
Not available.
The stock side: 13F filings
What institutions report holding in BXSL'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 | $93.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 354 | $1.97B | 9 | $42.8M | 8 | $56.8M | 0 |
| 2026-03-31 | 369 | $1.73B | 10 | $53.3M | 9 | $46.9M | 0 |
| 2025-12-31 | 386 | $1.95B | 8 | $22.3M | 10 | $32.1M | 0 |
| 2025-09-30 | 371 | $1.93B | 8 | $28.7M | 8 | $15.3M | 0 |
| 2025-06-30 | 381 | $2.36B | 9 | $14.4M | 7 | $21.9M | 0 |
Officials trading BXSL bonds
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.