DT Midstream, Inc. bonds DTM
Who owns DT Midstream, 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. DTM 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 |
|---|---|---|---|---|---|---|---|---|---|
| 23345MAA5 | 4.125% fixed | 2029-06-15 | USD | 97.54 | 5.05% | 80 bp | 24 | $81.6M | Jul 2026 |
| 23345MAB3 | 4.375% fixed | 2031-06-15 | USD | 95.69 | 5.39% | 107 bp | 18 | $94.5M | Jul 2026 |
| 23345MAC1 | 4.3% fixed | 2032-04-15 | USD | 94.41 | 5.45% | 108 bp | 6 | $6.1M | Jul 2026 |
| 23345MAD9 | 5.8% fixed | 2034-12-15 | USD | 100.16 | 5.77% | 125 bp | 10 | $6.9M | 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 | 4 | $189.1M | 96.61 | 5.42% | 107 bp | 24 |
| Jun 2026 | 4 | $410.9M | 97.31 | 5.18% | 94 bp | 55 |
| May 2026 | 4 | $362.7M | 97.45 | 5.12% | 93 bp | 25 |
| Apr 2026 | 4 | $195.4M | 97.28 | 5.14% | 113 bp | 25 |
| Mar 2026 | 4 | $462.8M | 97.16 | 5.18% | 125 bp | 56 |
| Feb 2026 | 4 | $384.6M | 98.96 | 4.68% | 93 bp | 25 |
| Jan 2026 | 4 | $218.3M | 98.46 | 4.85% | 99 bp | 27 |
| Dec 2025 | 4 | $453.6M | 98.31 | 4.87% | 108 bp | 62 |
| Nov 2025 | 4 | $313.6M | 98.01 | 4.88% | 112 bp | 27 |
| Oct 2025 | 4 | $238.7M | 97.48 | 5.01% | 127 bp | 29 |
| Sep 2025 | 4 | $449.3M | 97.11 | 5.07% | 129 bp | 72 |
| Aug 2025 | 4 | $280.9M | 96.72 | 5.24% | 130 bp | 28 |
| Jul 2025 | 4 | $256.7M | 95.78 | 5.39% | 129 bp | 42 |
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. 21 added, 21 cut, 7 new holders and 16 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 | $148.9M | $145.7M | $0 |
| Janus Henderson Balanced Fund Janus Investment Fund | 2026-06-30 | $74.5M | $72.3M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $64.2M | $62.0M | -$8.6M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $56.1M | $54.9M | $0 |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $37.9M | $36.6M | -$10.0M |
| American High Income Trust | 2026-06-30 | $33.8M | $33.0M | $0 |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $29.4M | $30.0M | -$3.2M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $27.1M | $25.9M | $0 |
| Janus Henderson VIT Balanced Portfolio Janus Aspen Series | 2026-06-30 | $25.8M | $25.0M | $0 |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $23.4M | $22.8M | $0 |
| Brookfield Infrastructure Income Fund Inc. | 2026-06-30 | $21.5M | $20.9M | $13.1M |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $17.9M | $18.1M | $0 |
| Income Fund of America | 2026-07-31 | $18.6M | $18.0M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $18.1M | $17.5M | $0 |
| Janus Henderson Flexible Bond Fund Janus Investment Fund | 2026-06-30 | $17.9M | $17.3M | $0 |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $17.4M | $16.6M | $0 |
| Janus Henderson Short Duration Income ETF Janus Detroit Street Trust | 2026-07-31 | $13.8M | $13.5M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $11.7M | $11.3M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $10.8M | $10.5M | $40K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $9.7M | $9.7M | -$2.9M |
| THE HARTFORD BALANCED INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $9.6M | $9.2M | $0 |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $9.3M | $9.2M | $0 |
| Investment Grade Bond Fund John Hancock Bond Trust | 2026-05-31 | $9.3M | $9.1M | $465K |
| Guggenheim Limited Duration Fund Guggenheim Funds Trust | 2026-06-30 | $8.7M | $8.5M | $0 |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $8.6M | $8.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PGIM Short-Term Corporate Bond Fund ($33.6M), Baird Core Plus Bond Fund ($16.2M), Tortoise Energy Fund ($5.8M), Victory Income Fund ($3.0M), PGIM Short Duration Multi-Sector Bond Fund ($2.0M), NYLIM VP MacKay High Yield Corporate Bond Portfolio ($1.5M), DWS Total Return Bond Fund ($850K), Opportunistic Credit Fund ($652K), Corporate Bond Portfolio ($650K), VictoryShares Core Intermediate Bond ETF ($500K).
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 |
|---|---|---|---|---|---|
| VNLA Janus Henderson Short Duration Income ETF | 2026-07-31 | 1 | $13.8M | $13.5M | 0.40% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $9.7M | $9.7M | 0.05% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $7.5M | $7.4M | 0.03% |
| JHCR John Hancock Core Bond ETF | 2026-06-30 | 2 | $6.7M | $6.5M | 0.28% |
| FLCB Franklin U.S. Core Bond ETF | 2026-06-30 | 2 | $5.2M | $5.2M | 0.17% |
| UYLD Angel Oak UltraShort Income ETF | 2026-07-31 | 1 | $5.2M | $5.1M | 0.33% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $4.3M | $4.2M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $4.1M | $4.0M | 0.01% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $4.0M | $4.0M | 0.18% |
| IG Principal Investment Grade Corporate ETF | 2026-06-30 | 1 | $2.1M | $2.0M | 1.03% |
| PTRB PGIM Total Return Bond ETF | 2026-05-29 | 1 | $2.0M | $2.0M | 0.20% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $1.9M | $1.8M | 0.01% |
| PCS PGIM Corporate Bond 0-5 Year ETF | 2026-05-29 | 1 | $1.8M | $1.8M | 0.28% |
| PCI PGIM Corporate Bond 5-10 Year ETF | 2026-05-29 | 1 | $1.7M | $1.7M | 0.32% |
| BUXX Strive Enhanced Income Short Maturity ETF | 2026-06-30 | 1 | $1.7M | $1.7M | 0.35% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 11.00: safer than 84% of companies (89th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $12.51B |
| Debt barrier (short-term + ½ long-term debt) | $1.66B |
| Equity volatility (1 year) | 22.1% |
| Asset value / asset volatility (solved) | $14.10B / 19.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 107 bp spread prices in about 1.8% 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'' = 1.84 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DTM'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 | 90 | $39.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 695 | $12.22B | 2 | $822K | 5 | $33.3M | 0 |
| 2026-03-31 | 661 | $9.08B | 1 | $694K | 5 | $17.2M | 0 |
| 2025-12-31 | 630 | $9.83B | 2 | $586K | 4 | $11.1M | 0 |
| 2025-09-30 | 589 | $9.28B | 2 | $690K | 5 | $8.6M | 0 |
| 2025-06-30 | 593 | $9.24B | 2 | $220K | 6 | $8.0M | 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.