Constellium SE bonds CSTM
Who owns Constellium SE'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. CSTM 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 |
|---|---|---|---|---|---|---|---|---|---|
| 21039CAA2 | 5.625% fixed | 2028-06-15 | USD | 99.73 | 5.77% | 158 bp | 14 | $19.6M | Jul 2026 |
| 21039CAB0 | 3.75% fixed | 2029-04-15 | USD | 95.57 | 5.53% | 128 bp | 28 | $81.6M | Jul 2026 |
| BN9953165 | 3.75% fixed | 2029-04-15 | USD | 95.57 | 5.53% | 128 bp | 1 | $239K | Jul 2026 |
| BP5467959 | 3.125% fixed | 2029-07-15 | EUR | 98.46 | 3.68% | — | 5 | $965K | Jul 2026 |
| XS2335148701 | 3.125% fixed | 2029-07-15 | EUR | 98.47 | 3.68% | — | 1 | $114K | Jul 2026 |
| YW6683737 | 5.375% fixed | 2032-08-15 | EUR | 103.07 | 4.78% | — | 1 | $17.7M | Jul 2026 |
| YW6709409 | 5.38% fixed | 2032-08-15 | EUR | 103.25 | 4.75% | — | 3 | $3.2M | Jul 2026 |
| 21039CAD6 | 6.375% fixed | 2032-08-15 | USD | 100.84 | 6.21% | 181 bp | 16 | $29.3M | 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 | 8 | $152.7M | 99.10 | 5.65% | 143 bp | 28 |
| Jun 2026 | 6 | $196.5M | 100.94 | 5.63% | 153 bp | 38 |
| May 2026 | 4 | $44.9M | 101.18 | 5.57% | 157 bp | 16 |
| Apr 2026 | 8 | $166.8M | 98.61 | 5.37% | 155 bp | 31 |
| Mar 2026 | 7 | $203.4M | 100.32 | 5.85% | 213 bp | 38 |
| Feb 2026 | 5 | $48.9M | 100.06 | 5.59% | 177 bp | 16 |
| Jan 2026 | 8 | $172.2M | 99.77 | 5.22% | 151 bp | 30 |
| Dec 2025 | 7 | $221.9M | 101.66 | 5.62% | 190 bp | 41 |
| Nov 2025 | 5 | $47.4M | 100.14 | 5.56% | 201 bp | 14 |
| Oct 2025 | 8 | $176.3M | 99.15 | 5.45% | 184 bp | 32 |
| Sep 2025 | 7 | $238.9M | 101.04 | 5.68% | 212 bp | 42 |
| Aug 2025 | 5 | $50.2M | 99.50 | 5.82% | 200 bp | 14 |
| Jul 2025 | 8 | $185.4M | 98.53 | 5.79% | 185 bp | 29 |
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. 16 added, 30 cut, 2 new holders and 19 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $81.4M | $80.2M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $69.0M | $70.3M | -$4.7M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $20.5M | $20.1M | -$771K |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $19.2M | $18.7M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $13.3M | $13.2M | $4.1M |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $11.3M | $10.9M | $0 |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $10.0M | $10.0M | $0 |
| Columbia Strategic Income Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $8.7M | $8.5M | -$1.9M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $6.2M | $6.3M | -$250K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.3M | $5.1M | $400K |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $4.8M | $4.8M | -$300K |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $4.9M | $4.7M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.7M | $4.5M | -$25K |
| Touchstone Funds Group Trust-Touchstone Ares Credit Opportunities Fund Touchstone Funds Group Trust | 2026-06-30 | $4.6M | $4.4M | $0 |
| Transamerica High Yield Bond TRANSAMERICA FUNDS | 2026-07-31 | $4.1M | $4.2M | $0 |
| Columbia High Yield Bond Fund Columbia Funds Series Trust II | 2026-05-31 | $4.1M | $4.0M | $0 |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $3.9M | $4.0M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $3.9M | $3.8M | $1.1M |
| Venerable High Yield Fund Venerable Variable Insurance Trust | 2026-06-30 | $3.7M | $3.6M | $0 |
| BlackRock Multi-Asset Income Portfolio BlackRock Funds II | 2026-07-31 | $3.6M | $3.5M | $401K |
| MML Barings High Yield Fund MASSMUTUAL PREMIER FUNDS | 2026-06-30 | $3.5M | $3.4M | -$2.5M |
| AB Short Duration High Yield ETF AB Active ETFs, Inc. | 2026-05-31 | $3.4M | $3.2M | $592K |
| Columbia Variable Portfolio - Income Opportunities Fund Columbia Funds Variable Series Trust II | 2026-06-30 | $3.2M | $3.2M | $0 |
| Calvert High Yield Bond Fund Calvert Fund | 2026-06-30 | $3.0M | $3.1M | $0 |
| Columbia Income Opportunities Fund Columbia Funds Series Trust II | 2026-07-31 | $3.1M | $3.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Putnam High Yield Fund ($3.9M), THE HARTFORD HIGH YIELD FUND ($2.3M), Putnam Diversified Income Trust ($980K), Putnam Premier Income Trust ($650K), CALAMOS STRATEGIC TOTAL RETURN FUND ($450K), CALAMOS CONVERTIBLE & HIGH INCOME FUND ($425K), CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND ($375K), BlackRock Strategic Income Opportunities Portfolio ($354K), iShares Flexible Income Active ETF ($313K), Empower High Yield Bond Fund ($300K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 3 | $20.5M | $20.1M | 0.07% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $13.3M | $13.2M | 0.12% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $5.3M | $5.1M | 0.10% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 2 | $4.8M | $4.8M | 0.40% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.7M | $4.5M | 0.06% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $3.9M | $3.8M | 0.02% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $3.4M | $3.2M | 0.36% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $2.4M | $2.4M | 0.10% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $2.1M | $2.0M | 0.03% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.0M | $2.0M | 0.08% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $1.8M | $1.8M | 0.26% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.4M | $1.4M | 0.00% |
| HYSD Columbia Short Duration High Yield ETF | 2026-06-30 | 2 | $928K | $907K | 0.87% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $892K | $852K | 0.17% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $825K | $794K | 0.05% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.24: safer than 40% of companies (46th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.46B |
| Debt barrier (short-term + ½ long-term debt) | $982.5M |
| Equity volatility (1 year) | 44.4% |
| Asset value / asset volatility (solved) | $4.40B / 34.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 143 bp spread prices in about 2.4% 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'' = 2.50 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CSTM'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 | $22.2M | 0 | — | 2 | $13K | 0 |
| 2026-06-30 | 378 | $3.57B | 7 | $24.3M | 9 | $50.3M | 0 |
| 2026-03-31 | 294 | $2.75B | 6 | $9.4M | 7 | $31.3M | 0 |
| 2025-12-31 | 243 | $2.19B | 5 | $1.4M | 8 | $8.3M | 0 |
| 2025-09-30 | 230 | $1.79B | 8 | $6.8M | 9 | $15.9M | 0 |
| 2025-06-30 | 216 | $1.52B | 7 | $5.4M | 11 | $18.8M | 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.