Constellation Energy Corporation bonds CEG
Who owns Constellation Energy Corporation'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. CEG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 210385AP5 | 3.9% fixed | 2028-01-08 | USD | 99.14 | 4.52% | 39 bp | 24 | $131.7M | Jul 2026 |
| 210385AB6 | 5.6% fixed | 2028-03-01 | USD | 101.36 | 4.70% | 55 bp | 13 | $20.9M | Jul 2026 |
| 210385AG5 | 4.625% fixed | 2029-02-01 | USD | 99.30 | 4.93% | 69 bp | 1 | $228K | Jul 2026 |
| 210385AS9 | 4.55% fixed | 2029-06-01 | USD | 99.22 | 4.85% | 59 bp | 21 | $64.5M | Jul 2026 |
| 210385AQ3 | 4.4% fixed | 2031-01-15 | USD | 97.41 | 5.06% | 74 bp | 30 | $42.9M | Jul 2026 |
| 210385AJ9 | 5% fixed | 2031-02-01 | USD | 99.95 | 5.01% | 81 bp | 44 | $32.2M | Jun 2026 |
| 210385AK6 | 5% fixed | 2031-02-01 | USD | 99.37 | 5.16% | 84 bp | 15 | $50.2M | Jul 2026 |
| 210385AC4 | 5.8% fixed | 2033-03-01 | USD | 102.73 | 5.30% | 87 bp | 15 | $15.3M | Jul 2026 |
| 210385AD2 | 6.125% fixed | 2034-01-15 | USD | 104.34 | 5.41% | 93 bp | 17 | $10.3M | Jul 2026 |
| 210385AU4 | 5.3% fixed | 2036-06-01 | USD | 97.15 | 5.68% | 109 bp | 19 | $40.6M | Jul 2026 |
| 210385AE0 | 6.5% fixed | 2053-10-01 | USD | 102.59 | 6.30% | 120 bp | 15 | $7.0M | Jul 2026 |
| 210385AF7 | 5.75% fixed | 2054-03-15 | USD | 93.70 | 6.23% | 113 bp | 11 | $5.3M | Jul 2026 |
| 210385AR1 | 5.875% fixed | 2066-01-15 | USD | 92.45 | 6.40% | 130 bp | 17 | $8.9M | 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 | 12 | $397.7M | 99.26 | 5.16% | 84 bp | 30 |
| Jun 2026 | 12 | $812.2M | 99.56 | 5.01% | 72 bp | 80 |
| May 2026 | 12 | $1.06B | 99.72 | 4.96% | 74 bp | 36 |
| Apr 2026 | 10 | $403.2M | 99.83 | 4.93% | 85 bp | 29 |
| Mar 2026 | 10 | $713.8M | 99.77 | 4.97% | 95 bp | 84 |
| Feb 2026 | 10 | $715.1M | 101.10 | 4.62% | 72 bp | 36 |
| Jan 2026 | 10 | $407.0M | 100.70 | 4.68% | 84 bp | 33 |
| Dec 2025 | 5 | $362.7M | 106.80 | 4.84% | 86 bp | 43 |
| Nov 2025 | 5 | $244.9M | 107.21 | 4.79% | 84 bp | 25 |
| Oct 2025 | 5 | $71.9M | 106.85 | 4.81% | 88 bp | 19 |
| Sep 2025 | 5 | $375.4M | 106.84 | 4.81% | 84 bp | 47 |
| Aug 2025 | 5 | $252.2M | 106.38 | 4.88% | 76 bp | 25 |
| Jul 2025 | 5 | $82.9M | 105.62 | 5.01% | 74 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. 124 added, 58 cut, 54 new holders and 60 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $147.9M | $147.8M | $97.5M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $116.7M | $118.6M | $27.1M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $105.0M | $106.5M | $19.2M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $105.4M | $105.2M | -$9.8M |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $101.7M | $101.3M | $69.1M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $81.9M | $80.8M | $38.0M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $55.4M | $55.3M | $18.5M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $50.1M | $51.8M | $21.0M |
| Lord Abbett Ultra Short Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $48.5M | $48.3M | new |
| VANGUARD ULTRA-SHORT-TERM BOND FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $45.2M | $44.8M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $39.1M | $39.3M | $13.9M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $35.2M | $35.6M | $8.3M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $31.9M | $31.7M | -$16.7M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $28.5M | $29.7M | $0 |
| T. Rowe Price New Income Fund, Inc. T. ROWE PRICE NEW INCOME FUND, INC. | 2026-05-31 | $29.5M | $29.2M | $15.1M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $25.5M | $26.2M | -$1.0M |
| First Trust Smith Unconstrained Bond ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $26.0M | $25.8M | $12.2M |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $24.9M | $25.5M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $24.5M | $25.2M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $25.0M | $24.3M | $17.4M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $23.6M | $23.6M | $6.2M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $23.1M | $23.0M | $4.9M |
| PGIM Ultra Short Bond ETF PGIM ETF Trust | 2026-05-29 | $21.5M | $21.3M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $20.1M | $20.0M | $7.6M |
| Federated Hermes Total Return Bond Fund Federated Hermes Total Return Series, Inc. | 2026-05-31 | $18.7M | $19.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares Broad USD High Yield Corporate Bond ETF ($19.2M), PIMCO High Yield Fund ($18.7M), BlackRock High Yield Portfolio ($8.3M), State Street(R) SPDR(R) Portfolio High Yield Bond ETF ($6.4M), Victory High Income Fund ($3.6M), JPMorgan High Yield Fund ($3.4M), High Yield Fixed Income Fund ($3.1M), Nomura Corporate Bond Fund ($2.8M), PGIM Global Total Return Fund ($2.8M), JPMorgan Active High Yield ETF ($2.7M).
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 | 11 | $125.4M | $127.1M | 0.03% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 2 | $101.7M | $101.3M | 0.26% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $66.2M | $67.7M | 0.10% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $55.4M | $55.3M | 0.11% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $39.1M | $39.3M | 0.13% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 13 | $37.5M | $37.8M | 0.03% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 5 | $28.5M | $28.3M | 0.86% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $24.5M | $25.1M | 0.05% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $23.6M | $23.6M | 0.11% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 4 | $23.1M | $23.0M | 0.03% |
| PULS PGIM Ultra Short Bond ETF | 2026-05-29 | 1 | $21.5M | $21.3M | 0.13% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 4 | $20.1M | $20.0M | 0.19% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 4 | $18.3M | $18.0M | 0.54% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $17.7M | $17.6M | 0.20% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 13 | $16.8M | $17.0M | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.55: safer than 44% of companies (44th percentile in Utilities). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $93.32B |
| Debt barrier (short-term + ½ long-term debt) | $15.14B |
| Equity volatility (1 year) | 48.6% |
| Asset value / asset volatility (solved) | $107.83B / 42.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 84 bp spread prices in about 1.4% 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'' = 1.52 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CEG'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 | 296 | $676.6M | 1 | $2.3M | 1 | $13.5M | 0 |
| 2026-06-30 | 1,845 | $69.28B | 57 | $3.02B | 59 | $1.92B | 1 |
| 2026-03-31 | 1,873 | $65.87B | 56 | $2.54B | 56 | $2.04B | 0 |
| 2025-12-31 | 1,977 | $87.79B | 45 | $2.95B | 44 | $2.16B | 0 |
| 2025-09-30 | 1,798 | $79.92B | 46 | $2.62B | 47 | $1.77B | 0 |
| 2025-06-30 | 1,693 | $80.13B | 48 | $2.85B | 48 | $2.07B | 0 |
Officials trading CEG bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-03-13 | President Donald J. Trump | purchase | CONSTELLATION ENERGY 04.400% 011531 DTD010826 FC071526 CALL@MW+15BP YTM = 4.604 UNSOLICITE | $250,001 - $500,000 | filing |
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.