Cellnex Telecom, S.A. bonds CLNX.MC
Who owns Cellnex Telecom, S.A.'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. CLNX.MC 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 |
|---|---|---|---|---|---|---|---|---|---|
| AZ3212430 | 0.5% fixed | 2028-07-05 | EUR | 105.78 | — | — | 1 | $2.1M | Jul 2026 |
| BK0950067 | 1.875% fixed | 2029-06-26 | EUR | 95.58 | 3.50% | — | 5 | $20.3M | Jul 2026 |
| E2R41MEA8 convertible | 2.125% fixed | 2030-08-11 | EUR | 105.68 | — | — | 3 | $3.7M | Jul 2026 |
| ZO9508185 | 1.75% fixed | 2030-10-23 | EUR | 92.82 | 3.61% | — | 5 | $26.1M | Jul 2026 |
| E2R41MDX9 convertible | 0.75% fixed | 2031-11-20 | EUR | 90.67 | — | — | 2 | $5.0M | Jun 2026 |
| BM3171360 convertible | 0.75% fixed | 2031-11-20 | EUR | 92.39 | — | — | 6 | $5.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | $57.9M | 95.58 | — | — | 6 |
| Jun 2026 | 4 | $47.4M | 92.19 | — | — | 9 |
| May 2026 | 4 | $11.0M | 91.81 | — | — | 1 |
| Apr 2026 | 5 | $58.2M | 95.48 | — | — | 7 |
| Mar 2026 | 5 | $54.7M | 91.48 | — | — | 9 |
| Feb 2026 | 4 | $11.5M | 93.14 | — | — | 2 |
| Jan 2026 | 4 | $60.7M | 95.32 | — | — | 8 |
| Dec 2025 | 4 | $59.3M | 98.75 | — | — | 10 |
| Nov 2025 | 3 | $21.9M | 93.36 | — | — | 5 |
| Oct 2025 | 4 | $57.4M | 95.40 | — | — | 5 |
| Sep 2025 | 4 | $59.6M | 98.89 | — | — | 10 |
| Aug 2025 | 3 | $24.7M | 92.92 | — | — | 5 |
| Jul 2025 | 4 | $57.2M | 94.91 | — | — | 5 |
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. 3 added, 0 cut, 0 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| T. Rowe Price International Bond Fund (USD Hedged) T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $19.6M | $21.0M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $17.3M | $18.7M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $17.1M | $18.5M | $0 |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $5.5M | $6.0M | $0 |
| Global Opportunities Portfolio | 2026-07-31 | $4.0M | $4.9M | $500K |
| JPMorgan Strategic Income Opportunities Fund JPMorgan Trust I | 2026-05-31 | $3.8M | $4.7M | $0 |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $4.4M | $4.6M | $0 |
| Loomis Sayles Global Allocation Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $3.7M | $4.0M | $0 |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $3.5M | $3.9M | $0 |
| PSF PGIM Total Return Bond Portfolio Prudential Series Fund | 2026-06-30 | $2.8M | $3.0M | $0 |
| AST PGIM Aggressive Multi-Asset Portfolio Advanced Series Trust | 2026-06-30 | $2.5M | $2.7M | $0 |
| PGIM Short Duration Multi-Sector Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $2.4M | $2.6M | $0 |
| TCW METWEST TOTAL RETURN BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $2.4M | $2.5M | $0 |
| Hartford Multi-Asset Income Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $2.0M | $2.1M | $0 |
| TCW Flexible Income ETF TCW ETF Trust | 2026-07-31 | $1.8M | $1.9M | $0 |
| TCW METWEST UNCONSTRAINED BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $1.8M | $1.9M | $0 |
| T. Rowe Price International Bond Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $1.7M | $1.8M | $0 |
| TCW METWEST LOW DURATION BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $1.3M | $1.4M | $0 |
| BlackRock Global Allocation Fund, Inc. | 2026-07-31 | $1.2M | $1.3M | $0 |
| DFA Short-Duration Real Return Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $1.1M | $1.2M | $0 |
| PGIM Absolute Return Bond Fund Prudential Investment Portfolios 9 | 2026-07-31 | $700K | $750K | $0 |
| Eaton Vance Income Opportunities ETF Morgan Stanley ETF Trust | 2026-06-30 | $600K | $732K | $200K |
| Eaton Vance Ltd Duration Income Fund | 2026-06-30 | $500K | $610K | $100K |
| Eaton Vance Multi-Asset Credit Fund Eaton Vance Mutual Funds Trust | 2026-07-31 | $500K | $609K | $0 |
| DFA Selectively Hedged Global Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $400K | $441K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JPMorgan Global Active Allocation Portfolio ($6.7M), Opportunistic Fixed Income Fund ($300K), THE HARTFORD INFLATION PLUS FUND ($200K), Opportunistic Fixed Income Trust ($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 |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 2 | $17.1M | $18.5M | 0.02% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $600K | $732K | 0.06% |
| IBND State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF | 2026-06-30 | 1 | $400K | $428K | 0.09% |
| PICB Invesco International Corporate Bond ETF | 2026-07-31 | 1 | $300K | $321K | 0.09% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.33: safer than 41% of companies (42th percentile in Communication Services). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $22.22B |
| Debt barrier (short-term + ½ long-term debt) | $12.92B |
| Equity volatility (1 year) | 36.0% |
| Asset value / asset volatility (solved) | $34.59B / 23.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = 0.24 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
Against its own government
Yield minus the government's fitted curve at the same maturity, same currency, bonds with at least $25M held and 3 funds pricing them: EUR 4.2y +53 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in CLNX.MC'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 | 1 | $26K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 6 | $6.2M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 5 | $6.0M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 4 | $4.9M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 5 | $5.6M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 8 | $6.5M | 0 | — | 0 | — | 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.