Dell Technologies Inc. bonds DELL
Who owns Dell Technologies Inc.'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. DELL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 24703TAE6 | 4.9% fixed | 2026-10-01 | USD | 100.00 | 4.83% | 110 bp | 6 | $40.9M | Jul 2026 |
| 24703TAF3 | 6.1% fixed | 2027-07-15 | USD | 101.18 | 4.82% | 79 bp | 8 | $6.2M | Jul 2026 |
| 24703DBJ9 | 5.25% fixed | 2028-02-01 | USD | 100.84 | 4.67% | 53 bp | 9 | $84.6M | Jul 2026 |
| 24703TAL0 | 4.75% fixed | 2028-04-01 | USD | 100.12 | 4.67% | 51 bp | 26 | $112.5M | Jul 2026 |
| 247025AE9 | 7.1% fixed | 2028-04-15 | USD | 104.04 | 4.61% | 44 bp | 4 | $3.6M | Jul 2026 |
| 24703DBR1 | 4.15% fixed | 2029-02-15 | USD | 98.51 | 4.78% | 54 bp | 12 | $50.4M | Jul 2026 |
| 24703TAG1 | 5.3% fixed | 2029-10-01 | USD | 101.11 | 4.92% | 65 bp | 20 | $112.9M | Jul 2026 |
| 24703DBP5 | 4.35% fixed | 2030-02-01 | USD | 97.94 | 5.00% | 72 bp | 11 | $52.3M | Jul 2026 |
| 24703TAM8 | 5% fixed | 2030-04-01 | USD | 100.01 | 5.00% | 71 bp | 16 | $78.4M | Jul 2026 |
| 24703TAH9 | 6.2% fixed | 2030-07-15 | USD | 103.95 | 5.08% | 79 bp | 11 | $15.8M | Jul 2026 |
| 24703DBS9 | 4.5% fixed | 2031-02-15 | USD | 97.51 | 5.12% | 81 bp | 18 | $94.1M | Jul 2026 |
| 24703DBV2 | 4.75% fixed | 2031-07-15 | USD | 98.33 | 5.14% | 81 bp | 39 | $60.2M | Jul 2026 |
| 24703TAN6 | 5.3% fixed | 2032-04-01 | USD | 100.36 | 5.22% | 85 bp | 15 | $63.9M | Jul 2026 |
| 24703DBT7 | 4.75% fixed | 2032-10-06 | USD | 97.18 | 5.29% | 88 bp | 18 | $48.7M | Jul 2026 |
| 24703DBL4 | 5.75% fixed | 2033-02-01 | USD | 102.01 | 5.38% | 95 bp | 12 | $19.5M | Jul 2026 |
| 24703DBN0 | 5.4% fixed | 2034-04-15 | USD | 99.23 | 5.52% | 103 bp | 13 | $48.9M | Jul 2026 |
| 24703DBQ3 | 4.85% fixed | 2035-02-01 | USD | 95.05 | 5.59% | 106 bp | 14 | $49.6M | Jul 2026 |
| 24703TAP1 | 5.5% fixed | 2035-04-01 | USD | 99.36 | 5.59% | 106 bp | 9 | $4.2M | Jul 2026 |
| 24703DBU4 | 5.1% fixed | 2036-02-15 | USD | 96.05 | 5.64% | 106 bp | 12 | $24.2M | Jul 2026 |
| 24703TAJ5 | 8.1% fixed | 2036-07-15 | USD | 115.94 | 5.95% | 136 bp | 12 | $8.8M | Jul 2026 |
| 24702RAF8 | 6.5% fixed | 2038-04-15 | USD | 104.41 | 5.97% | 128 bp | 10 | $10.9M | Jul 2026 |
| 24702RAM3 | 5.4% fixed | 2040-09-10 | USD | 93.65 | 6.08% | 127 bp | 4 | $901K | Jul 2026 |
| 24703DBE0 | 3.375% fixed | 2041-12-15 | USD | 76.21 | 5.71% | 98 bp | 1 | $381K | Jun 2026 |
| 24703DBF7 | 3.375% fixed | 2041-12-15 | USD | 73.28 | 6.07% | 120 bp | 18 | $10.2M | Jul 2026 |
| 24703TAK2 | 8.35% fixed | 2046-07-15 | USD | 120.94 | 6.47% | 136 bp | 17 | $6.7M | Jul 2026 |
| 24703DBH3 | 3.45% fixed | 2051-12-15 | USD | 65.55 | 6.15% | 104 bp | 7 | $1.9M | 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 | 25 | $1.01B | 100.00 | 5.29% | 88 bp | 39 |
| Jun 2026 | 26 | $1.87B | 100.59 | 4.97% | 70 bp | 75 |
| May 2026 | 24 | $2.19B | 101.33 | 4.88% | 66 bp | 37 |
| Apr 2026 | 24 | $959.0M | 101.35 | 4.95% | 89 bp | 26 |
| Mar 2026 | 25 | $1.80B | 100.90 | 5.04% | 104 bp | 61 |
| Feb 2026 | 25 | $2.27B | 102.29 | 4.59% | 77 bp | 37 |
| Jan 2026 | 25 | $1.03B | 102.16 | 4.80% | 88 bp | 25 |
| Dec 2025 | 26 | $1.90B | 101.85 | 4.80% | 94 bp | 56 |
| Nov 2025 | 25 | $2.21B | 102.31 | 4.70% | 89 bp | 45 |
| Oct 2025 | 25 | $1.06B | 102.28 | 4.80% | 97 bp | 24 |
| Sep 2025 | 26 | $2.05B | 101.86 | 4.80% | 91 bp | 59 |
| Aug 2025 | 21 | $1.34B | 102.46 | 4.81% | 82 bp | 32 |
| Jul 2025 | 21 | $893.0M | 101.97 | 4.96% | 81 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. 141 added, 100 cut, 70 new holders and 33 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $386.6M | $384.5M | $21.9M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $274.7M | $275.4M | $7.8M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $256.1M | $256.7M | $15.8M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $228.7M | $230.4M | -$27.4M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $182.1M | $178.9M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $170.5M | $173.2M | -$13.8M |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $166.0M | $165.6M | -$20.1M |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $141.7M | $141.8M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $130.6M | $131.9M | $2.8M |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $124.1M | $122.1M | $7.8M |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $121.3M | $121.0M | $0 |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $104.2M | $104.3M | -$2.4M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $95.0M | $97.5M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $90.0M | $90.5M | -$21.9M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $88.8M | $89.1M | -$1.0M |
| Fidelity Total Bond ETF Fidelity Merrimack Street Trust | 2026-05-31 | $80.6M | $80.2M | $4.6M |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $67.9M | $69.2M | -$2.7M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $67.0M | $66.8M | $1.1M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $62.9M | $63.5M | $7.2M |
| Fidelity SAI Total Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $60.2M | $59.9M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $50.0M | $50.6M | $3.2M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $49.8M | $50.4M | -$1.2M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $45.3M | $50.0M | $0 |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $46.1M | $46.1M | $16.2M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $39.1M | $39.3M | $4.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): T. Rowe Price Short-Term Bond Fund, Inc. ($6.5M), Allspring Ultra Short-Term Income Fund ($5.0M), First Trust Core Investment Grade ETF ($5.0M), PIMCO Active Bond Exchange-Traded Fund ($4.4M), Ultra Short Income Portfolio ($2.5M), Multi-Manager Total Return Bond Strategies Fund ($2.4M), Allspring Short-Term Bond Plus Fund ($2.3M), Short Duration Bond Portfolio ($2.0M), Aristotle Short Duration Income Fund ($2.0M), Victory Core Plus Intermediate Bond Fund ($1.6M).
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 | 22 | $274.7M | $275.4M | 0.07% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 7 | $228.7M | $230.4M | 0.34% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 9 | $170.5M | $173.2M | 0.34% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 1 | $104.2M | $104.3M | 0.27% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 13 | $90.0M | $90.5M | 0.30% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 22 | $88.8M | $89.1M | 0.07% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 7 | $80.6M | $80.2M | 0.31% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 6 | $67.0M | $66.8M | 0.13% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 10 | $62.9M | $63.5M | 0.09% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 10 | $50.0M | $50.6M | 0.23% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $49.8M | $50.4M | 0.28% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 7 | $39.1M | $39.3M | 0.34% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 18 | $38.5M | $38.8M | 0.34% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 23 | $37.1M | $37.7M | 0.22% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $28.6M | $28.6M | 0.75% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.65: safer than 33% of companies (31th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-07-31.
| Equity value | $288.47B |
| Debt barrier (short-term + ½ long-term debt) | $21.47B |
| Equity volatility (1 year) | 72.7% |
| Asset value / asset volatility (solved) | $309.05B / 67.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 88 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
Altman Z = 3.01 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DELL'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 | 409 | $1.93B | 4 | $5.9M | 5 | $5.5M | 0 |
| 2026-06-30 | 2,111 | $97.63B | 69 | $13.24B | 69 | $10.73B | 0 |
| 2026-03-31 | 1,616 | $32.74B | 57 | $4.60B | 59 | $3.43B | 0 |
| 2025-12-31 | 1,487 | $30.68B | 59 | $4.23B | 57 | $2.59B | 1 |
| 2025-09-30 | 1,422 | $32.34B | 62 | $4.56B | 64 | $3.64B | 1 |
| 2025-06-30 | 1,337 | $28.35B | 55 | $3.90B | 53 | $3.11B | 0 |
Officials trading DELL bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2025-08-26 | John Fetterman | sale | Dell Technologies Inc | $1,001 - $15,000 | filing |
| 2025-08-26 | John Karl Fetterman | sale | Dell Technologies Inc | $1,001 - $15,000 | filing |
| 2025-08-26 | John Fetterman | sale full | Dell Inc Note Rate/Coupon: 6.5% Matures: 04/15/2038 | $1,001 - $15,000 | filing |
| 2023-07-13 | Ro Khanna | sale | Dell Technologies Inc | $15,001 - $50,000 | filing |
| 2023-05-10 | John Fetterman | purchase | Dell Inc Note Rate/Coupon: 6.5% Matures: 4/15/2038 | $1,001 - $15,000 | 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.