Danaher Corporation bonds DHR
Who owns Danaher 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. DHR 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 |
|---|---|---|---|---|---|---|---|---|---|
| 23291KAB1 | 0.45% fixed | 2028-03-18 | EUR | 95.75 | 3.16% | — | 3 | $31.0M | Jul 2026 |
| 23291KAH8 | 2.6% fixed | 2029-11-15 | USD | 93.45 | 4.77% | 50 bp | 12 | $13.3M | Jul 2026 |
| 235851AU6 | 2.5% fixed | 2030-03-30 | EUR | 97.00 | 3.38% | — | 8 | $33.1M | Jul 2026 |
| 235851AY8 | 3.25% fixed | 2030-04-29 | EUR | 99.26 | 3.46% | — | 2 | $1.4M | Jul 2026 |
| 235851AZ5 | 3.625% fixed | 2034-04-29 | EUR | 98.72 | 3.82% | — | 2 | $2.7M | Jul 2026 |
| XS3352084803 | 4% fixed | 2038-04-29 | EUR | 98.45 | 4.17% | — | 1 | $142K | Jul 2026 |
| 23291KAJ4 | 3.25% fixed | 2039-11-15 | USD | 78.01 | 5.62% | 85 bp | 7 | $3.3M | Jul 2026 |
| 235851AR3 | 4.38% fixed | 2045-09-15 | USD | 82.04 | 5.97% | 90 bp | 5 | $1.4M | Jul 2026 |
| 23291KAK1 | 3.4% fixed | 2049-11-15 | USD | 67.19 | 6.04% | 94 bp | 6 | $4.8M | Jul 2026 |
| 235851AV4 | 2.6% fixed | 2050-10-01 | USD | 56.75 | 6.02% | 91 bp | 8 | $13.8M | Jul 2026 |
| 235851AW2 | 2.8% fixed | 2051-12-10 | USD | 59.02 | 5.95% | 85 bp | 7 | $3.8M | 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 | 11 | $108.9M | 93.45 | 5.96% | 88 bp | 12 |
| Jun 2026 | 10 | $164.5M | 89.80 | 5.59% | 66 bp | 32 |
| May 2026 | 9 | $142.5M | 85.79 | 5.60% | 59 bp | 24 |
| Apr 2026 | 11 | $110.1M | 94.08 | 5.67% | 78 bp | 11 |
| Mar 2026 | 7 | $135.9M | 80.28 | 5.65% | 83 bp | 29 |
| Feb 2026 | 7 | $146.8M | 82.75 | 5.38% | 67 bp | 24 |
| Jan 2026 | 8 | $115.5M | 84.50 | 5.45% | 68 bp | 12 |
| Dec 2025 | 7 | $139.5M | 81.94 | 5.47% | 71 bp | 34 |
| Nov 2025 | 7 | $158.0M | 83.02 | 5.30% | 64 bp | 25 |
| Oct 2025 | 8 | $114.4M | 85.24 | 5.33% | 73 bp | 12 |
| Sep 2025 | 7 | $139.7M | 81.84 | 5.35% | 64 bp | 34 |
| Aug 2025 | 8 | $162.8M | 83.27 | 5.56% | 70 bp | 27 |
| Jul 2025 | 9 | $117.9M | 85.59 | 5.56% | 65 bp | 12 |
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. 28 added, 20 cut, 17 new holders and 3 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $70.1M | $52.5M | $530K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $62.0M | $47.9M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $25.4M | $28.2M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $37.7M | $27.9M | $2.4M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $26.0M | $19.7M | $230K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $20.6M | $19.3M | $4.2M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $13.7M | $15.2M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $17.9M | $14.7M | $0 |
| SA Federated Hermes Corporate Bond Portfolio SUNAMERICA SERIES TRUST | 2026-07-31 | $16.2M | $10.3M | $0 |
| AB GLOBAL BOND FUND, INC. | 2026-06-30 | $8.5M | $9.7M | $8.2M |
| Capital World Bond Fund | 2026-06-30 | $7.5M | $8.6M | new |
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $14.5M | $8.2M | -$2.0M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $10.4M | $8.0M | $1.2M |
| Federated Hermes Corporate Bond Fund Federated Hermes Investment Series Funds, Inc. | 2026-05-31 | $9.2M | $7.8M | -$4.4M |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $6.8M | $7.6M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $8.6M | $6.4M | $2.9M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $8.9M | $6.3M | -$10.4M |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $6.1M | $5.7M | -$156K |
| Federated Hermes Total Return Bond Fund Federated Hermes Total Return Series, Inc. | 2026-05-31 | $9.1M | $5.6M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $5.8M | $5.5M | $465K |
| Invesco BulletShares 2029 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.5M | $5.2M | -$400K |
| VANGUARD LONG-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.4M | $5.1M | $365K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $5.2M | $4.9M | $0 |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $5.5M | $4.6M | $0 |
| DFA Selectively Hedged Global Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $4.0M | $4.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): MFS MULTIMARKET INCOME TRUST ($570K), JPMorgan BetaBuilders U.S. Aggregate Bond ETF ($385K), State Street(R) Ultra Short Term Bond ETF ($30K).
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 | 6 | $70.1M | $52.5M | 0.01% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $37.7M | $27.9M | 0.09% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 6 | $26.0M | $19.7M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $20.6M | $19.3M | 0.04% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 2 | $13.7M | $15.2M | 0.01% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $10.4M | $8.0M | 0.05% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 6 | $8.6M | $6.4M | 0.01% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $8.9M | $6.3M | 0.07% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $6.1M | $5.7M | 0.14% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $5.8M | $5.5M | 0.02% |
| BSCT Invesco BulletShares 2029 Corporate Bond ETF | 2026-05-31 | 1 | $5.5M | $5.2M | 0.18% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 5 | $7.4M | $5.1M | 0.06% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $5.2M | $4.9M | 0.01% |
| IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $3.9M | $2.7M | 0.10% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 5 | $1.9M | $2.2M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.90: safer than 77% of companies (73th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-26.
| Equity value | $157.15B |
| Debt barrier (short-term + ½ long-term debt) | $13.98B |
| Equity volatility (1 year) | 30.5% |
| Asset value / asset volatility (solved) | $170.55B / 28.1% |
| 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'' = 3.83 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DHR'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 | 348 | $1.94B | 0 | — | 1 | $997K | 0 |
| 2026-06-30 | 2,105 | $105.12B | 32 | $522.1M | 41 | $830.4M | 0 |
| 2026-03-31 | 2,163 | $90.04B | 36 | $470.8M | 38 | $710.7M | 0 |
| 2025-12-31 | 2,300 | $126.15B | 41 | $980.1M | 41 | $1.17B | 0 |
| 2025-09-30 | 2,137 | $105.69B | 39 | $680.1M | 44 | $1.15B | 1 |
| 2025-06-30 | 2,164 | $106.69B | 39 | $618.4M | 43 | $999.6M | 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.