COPT Defense Properties bonds CDP
Who owns COPT Defense Properties'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. CDP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 22003BAQ9 convertible | 5.25% fixed | 2028-09-15 | USD | 131.61 | — | — | 6 | $22.9M | Jul 2026 |
| 22003BAN6 | 2% fixed | 2029-01-15 | USD | 93.37 | 4.90% | 66 bp | 20 | $59.7M | Jul 2026 |
| 12713UAA4 | 4.5% fixed | 2030-10-15 | USD | 97.64 | 5.13% | 82 bp | 18 | $30.4M | Jul 2026 |
| 22003BAM8 | 2.75% fixed | 2031-04-15 | USD | 89.77 | 5.23% | 91 bp | 13 | $11.6M | Jul 2026 |
| 22003BAP1 | 2.9% fixed | 2033-12-01 | USD | 84.07 | 5.58% | 110 bp | 13 | $9.9M | 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 | $134.6M | 93.37 | 5.18% | 87 bp | 20 |
| Jun 2026 | 5 | $177.9M | 93.51 | 4.92% | 73 bp | 54 |
| May 2026 | 5 | $254.1M | 93.58 | 4.93% | 80 bp | 41 |
| Apr 2026 | 5 | $136.4M | 93.54 | 4.83% | 91 bp | 20 |
| Mar 2026 | 5 | $195.8M | 93.33 | 4.87% | 103 bp | 55 |
| Feb 2026 | 5 | $280.2M | 94.41 | 4.41% | 74 bp | 41 |
| Jan 2026 | 5 | $119.0M | 94.02 | 4.60% | 82 bp | 23 |
| Dec 2025 | 5 | $201.5M | 93.38 | 4.62% | 91 bp | 60 |
| Nov 2025 | 5 | $266.4M | 93.22 | 4.62% | 94 bp | 44 |
| Oct 2025 | 5 | $129.4M | 93.08 | 4.66% | 99 bp | 28 |
| Sep 2025 | 5 | $227.5M | 92.67 | 4.68% | 99 bp | 66 |
| Aug 2025 | 4 | $197.7M | 91.24 | 4.77% | 92 bp | 39 |
| Jul 2025 | 4 | $103.1M | 89.97 | 5.08% | 106 bp | 28 |
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. 25 added, 42 cut, 5 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Fidelity Total Bond ETF Fidelity Merrimack Street Trust | 2026-05-31 | $47.4M | $43.6M | $2.8M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $44.1M | $42.1M | $8.9M |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $36.6M | $32.7M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $33.9M | $32.4M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $33.5M | $30.9M | -$833K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $19.4M | $17.1M | -$790K |
| AST PGIM Fixed Income Central Portfolio Advanced Series Trust | 2026-06-30 | $16.2M | $14.6M | $0 |
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $14.8M | $13.6M | -$5.3M |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $14.0M | $13.1M | $0 |
| Permanent Portfolio PERMANENT PORTFOLIO FAMILY OF FUNDS | 2026-07-31 | $12.5M | $11.7M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $11.6M | $10.9M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $8.2M | $10.8M | -$1.8M |
| Fidelity Corporate Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $12.2M | $10.7M | $0 |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $11.3M | $10.5M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.1M | $9.8M | $25K |
| Fidelity Total Bond K6 Fund Fidelity Income Fund | 2026-05-31 | $10.9M | $9.6M | $0 |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $9.7M | $9.4M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $7.0M | $9.2M | $1.2M |
| DFA Commodity Strategy Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $9.4M | $8.8M | new |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $8.9M | $8.2M | $15K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $9.3M | $7.9M | -$31.9M |
| Fidelity SAI Total Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $8.4M | $7.8M | $0 |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $8.2M | $7.5M | $0 |
| American Balanced Fund | 2026-06-30 | $8.2M | $7.1M | $0 |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $6.5M | $5.7M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Calvert Short Duration Income Fund ($6.2M), Harbor Core Plus Fund ($5.9M), Eaton Vance Short Duration Income ETF ($2.4M), AVIP Bond Portfolio ($1.4M), PIMCO Long-Term Credit Bond Fund ($700K), AVIP BlackRock Balanced Allocation Portfolio ($650K), PIMCO Multisector Bond Active Exchange-Traded Fund ($600K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($532K), PIMCO Moderate Duration Fund ($400K), Defensive Market Strategies Fund ($250K).
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 |
|---|---|---|---|---|---|
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $47.4M | $43.6M | 0.17% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $44.1M | $42.1M | 0.08% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $33.5M | $30.9M | 0.01% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $10.1M | $9.8M | 0.01% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $7.0M | $9.2M | 0.13% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $8.9M | $8.2M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $9.3M | $7.9M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $5.5M | $5.2M | 0.02% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 2 | $4.7M | $4.4M | 0.06% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $4.4M | $3.8M | 0.01% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $4.0M | $3.7M | 0.09% |
| IBDW iShares iBonds Dec 2031 Term Corporate ETF | 2026-07-31 | 1 | $3.6M | $3.3M | 0.13% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $3.4M | $3.1M | 0.02% |
| PCS PGIM Corporate Bond 0-5 Year ETF | 2026-05-29 | 1 | $2.9M | $2.9M | 0.47% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 4 | $3.0M | $2.7M | 0.02% |
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 87 bp spread prices in about 1.5% 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 CDP'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 | 29 | $37.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 317 | $4.52B | 2 | $1.1M | 2 | $4.8M | 0 |
| 2026-03-31 | 304 | $3.24B | 2 | $116K | 1 | $3K | 0 |
| 2025-12-31 | 293 | $3.35B | 2 | $139K | 0 | — | 0 |
| 2025-09-30 | 298 | $3.50B | 0 | — | 2 | $346K | 0 |
| 2025-06-30 | 295 | $3.30B | 2 | $218K | 3 | $803K | 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.